Kansai Food Market Ltd.
Supplementary information
to Financial Results
for the Third Quarter of the Fiscal YearEnding March 31, 2022

February 9, 2022

Scheme of business integration between H2O Retailing Corp.
and Kansai Super Market Ltd.
Reflection to Consolidated Financial results
Forecast of FY2022
Non-consolidated results・Izumiya Co., Ltd.
・ Hankyu Oasis Co., Ltd.
・ (References) Kansai Super Market BusinessKansai Food Market Ltd. (9919)
Supplementary information to Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022
Scheme of business integration between H2O Retailing Corp. and Kansai Super Market Ltd.
Due to the share exchange on December 15, 2021, Izumiya Co., Ltd. and Hankyu Oasis Co., Ltd. became
wholly owned subsidiaries of Kansai Super Market Ltd. And H2O Retailing Corp. became the parent
company of Kansai Super Market Ltd.
As of February 1, 2022, Kansai Super Market Ltd. changed its name to Kansai Food Market Ltd.
Kansai Food Market Ltd. is an intermediate holding company with four subsidiaries, Izumiya Co., Ltd.,Hankyu Oasis Co., Ltd., and new Kansai Super Market Ltd. (including its subsidiaryKansai Super Premium Co., Ltd.), which operates Kansai Super Market business.

Reflection to Consolidated Financial results
Until 2Q, consolidated results include Kansai Super Market Ltd. and Kansai Super Premium Co., Ltd.
For 3Q, consolidated results include Izumiya Co., Ltd. and Hankyu Oasis Co., Ltd. (Apr.-Dec.) due toreverse acquisition occurred by share exchange. The results of Kansai Super Market Ltd. and Kansai Super
Premium Co., Ltd. are not included, only the BS as of 3Q is consolidated.
Therefore, since the scope of consolidation of 3Q is significantly different from 2Q, YoY comparisons ofconsolidated results are meaningless. The following pages provide financial result YoY comparisons of theresults of each of Izumiya Co., Ltd., Hankyu Oasis Co., Ltd. and Kansai Super Market business.
(Company name described as of the end of 3Q)

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Kansai Food Market Ltd. (9919)
Supplementary information to Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022
Forecast of FY2022
As for the consolidated results for the full fiscal year, as mentioned above, consolidated results of 3Q
include results of Izumiya Co., Ltd. and Hankyu Oasis Co., Ltd. Consolidated results of 4Q include resultsof 5 companies, the Company, Izumiya Co., Ltd., Hankyu Oasis Co., Ltd., Kansai Super Market Ltd. whichchanged its company name from KS Company Split Preparation Co,. Ltd. on February 1, 2022 and Kansai
Super Premium Co., Ltd.
For reference, total results of each companies for the full year are shown below.

2Kansai Food Market Ltd. (9919)
Supplementary information to Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022

Non-consolidated results・Izumiya Co., Ltd.
< Overview of financial results >（millions of yen）

AmountYoYInc./Dec.

Gross Sales

105,548

4.1%

4,120

Gross Profit

27,660

4.2%

1,108

Gross profit/ Gross Sales

26.21%-0.03pt

Other operating revenue

7,862(11.6)%(1,027)

SG & A

33,226

2.4%

782

SG & A/ Net Sales

31.48%-(0.51)pt

Operating profit

2,296(23.4)%(701)

Operating profit/ Gross Sales

2.18%-(0.78)pt* Non-consolidated results shown above are reclassified on the basis before the application of "Accounting Standards for Revenue Recognition".

< Numbers of stores >
Total

76

YoY difference2< Opening and closing stores >OpeningClosing

Kamishinjo (Osaka), Mozu (Osaka)< Monthly Sales >April
Existing storesMay(7.1)%

October
Existing stores

June(0.6)%

0.7%

November(0.5)%

July

December(5.0)%

August(0.8)%

September(5.7)%(0.4)%

1-3Q(5.0)%(2.8)%< Forecast of FY2022 >(millions of yen)
1-3Q
AmountGross Sales
Operating profit

4Q
YoY

Forecast

FY2022
YoY

Forecast

YoY

105,548

4.1%

33,203

5.1%

138,752

4.3%

2,296

(23.4)%

113

16.3%

2,410

(22.1)%* Non-consolidated results shown above are reclassified on the basis before the application of "Accounting Standards for Revenue Recognition".

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Kansai Food Market Ltd. (9919)
Supplementary information to Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022

・Hankyu Oasis Co., Ltd.
< Overview of financial results >（millions of yen）
AmountGross Sales

YoY

Inc./Dec.

83,997(0.6)%

Gross Profit

23,1722.4%

543

Gross profit/ Gross Sales

27.59%-0.81pt

Other operating revenue

5,436

0.8%43

SG & A

26,8792.0%

539

SG & A/ Net Sales

32.00%-0.83pt

Operating profit

1,730

2.8%

47

Operating profit/ Gross Sales

2.06%-0.07pt(517)* Non-consolidated results shown above are reclassified on the basis before the application of "Accounting Standards for Revenue Recognition".

< Numbers of stores >
Total

76

YoY difference(1)< Opening and closing stores >Opening

Kobe-Sannomiya (Hyogo)

Closing

Hirakata-Deguchi (Osaka), Abiko (Osaka)< Monthly Sales >April
Existing storesMay(5.8)%

October
Existing stores

June
0.7%November

1.5%

July
6.3%

December(0.9)%

August2.3%

September

1.9%

2.4%

1-3Q

(5.6)%

0.1%< Forecast of FY2022 >(millions of yen)
1-3Q
Amount4Q
YoY

Forecast

FY2022
YoY

Forecast

YoY

Gross Sales

83,997(0.6)%

25,783(1.8)%

109,781(0.9)%

Operating profit

1,730

2.8%

162-

1,892

24.9%

* Non-consolidated results shown above are reclassified on the basis before the application of "Accounting Standards for Revenue Recognition".

4Kansai Food Market Ltd. (9919)
Supplementary information to Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022

(References) Kansai Super Market Business< Overview of financial results >（millions of yen）
AmountGross Sales

YoY

Inc./Dec.

97,805(0.0)%(36)

Gross Profit

22,785(4.5)%(1,068)Gross profit/ Gross Sales

23.30%-(1.08)pt

Other operating revenue

1,511

2.5%

36

SG & A

23,065

1.8%

413

SG & A/ Net Sales

23.58%-0.43pt

Operating profit

1,231(54.0)%(1,445)

Operating profit/ Gross Sales

1.26%-(1.48)pt* Consolidated results of Kansai Super Market Ltd. which changed its name to Kansai Food Market Ltd. on February 1, 2022 andKansai Super Premium Co., Ltd..
Results shown above are reclassified on the basis before the application of "Accounting Standards for Revenue Recognition".
* Gross profit was temporarily reduced by 378 million yen due to the review of accounting procedures based on estimates. No impact on full-year results.

< Numbers of stores >
Total

64

YoY difference±0< Opening and closing stores >Opening-Closing-< Monthly Sales >April
Existing storesMay(4.4)%

OctoberExisting stores

June
5.2%

5.9%

November(0.8)%

July

December(0.4)%

AugustSeptember

0.0%(0.9)%(0.2)%

1-3Q(3.2)%

0.0%< Forecast of FY2022 >(millions of yen)
1-3Q
Amount4Q
YoY

Forecast

FY2022
YoY

Forecast

YoY

Gross Sales

97,805(0.0)%

31,2530.4%

129,059

0.1%

Operating profit

1,231(54.0)%

1,4362560.9%2,668(2.3)%*1 Kansai Super Market business for the full year was affected by a change in the company responsible for the supermarket business during the period.
Consolidated results of following three companies shown below are reclassfied on the basis before the application of"Accounting Standards for Revenue Recognition"
Kansai Super Market Ltd. (from 1 April, 2021 to 31 January, 2022) Note1
Kansai Super Market Ltd. (from 1 February, 2022 to 31 March, 2022) Note2
Kansai Super Premium Co., Ltd. (from 1 April, 2021 to 31 March, 2022)
Note1: Kansai Food Market Ltd. (the company name changed on 1 February, 2022)
Note2: changed its name of company from KS Company Split Preparation Co., Ltd.
*2 Sales and operating profit are 129,059 million yen and 2,231 million yen, including result of Kansai Food Market Ltd. (February-March 2022)
which is separated by the company split .
SG & A increased by about 600 million yen due to temporal expenses and an increase in Size-based Business Tax
associated with the business integration.

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