Note: This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Financial Results for the Nine Months Ended June 30, 2024
[Japanese GAAP]
August 14, 2024
Company name: Amifa Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 7800
URL: https://www.amifa.co.jp/
Representative: Yuzo Fujii, President and CEO
Contact: Yasuo Kawakami, Executive Officer
Phone: +81-3-6432-9500
Availability of supplementary briefing material on financial results: Yes
Schedule of financial results briefing session: No(Less than one million yen is rounded down.)
1. Financial Results for Nine Months Ended June 30,2024 (October 1, 2023 to June 30,2024)(1) Operating Results (% indicates changes from the previous corresponding period.)
Operatingincome(loss)

Net sales

Ordinaryincome(loss)

For the ninemonths ended

Million Yen%

June 30,2024

6,720

5.7

June 30,2023

6,358 43.5

246 (26.8)

Net income(loss)
per share

Diluted net income
per shareYenYen

For the ninemonths ended

Million Yen%(87)Million Yen(105)－June 30,2024(24.12)－June 30,2023

52.94－Net income(loss)%

Million Yen(72)－270 (14.9)%－169 (14.8)(2) Financial Position
Total assets

Net assets

Million Yen
As of June 30,2024
As of September
30,2023

Million Yen

%

3,696

2,271

61.5

4,409

2,392

54.3

2. Dividend

Cash dividend per share
1Q

Fiscal year ended
September 30,2023
Fiscal year ended
September 30,2024
Fiscal year ending
September 30,2024(Forecast)

Equity Ratio

2Q

3Q

4Q

Total annualYen

Yen

Yen

YenYen－0.00－24.00

24.00

－0.00

－
24.00

24.00

0.00

(Note) There is no revision from the most recently announced dividend forecast.
1

３．Financial Results Forecast for the Fiscal Year Ending September 30,2024(October 1,2023 to September 30,2024)
Net sales
Fullyear(% indicates changes from the previous year)

Operatingincome (loss)

Million Yen

%

8,700

(7.0)

Million Yen

Ordinary
income (loss)%

Million Yen（400） －Net income (loss)

Net income(loss) per share%

Million Yen%Yen（420） －（370）－(122.81)(Note) There is revision from the most recently announced financial results forecast.
* Notes:(1) Accounting policies adopted specially for the preparation of quarterly financial
statements: Yes
Regarding tax expenses, we calculate them by reasonable estimating the effective
tax rate after applying tax effect accounting to the pre-tax current net profit for thefiscal year including this third quarter and multiplying the estimated effective tax
rate by the profit before income taxes.
(2) Changes in accounting policies, changes in accounting estimates and retrospective
restatement:
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares)
As of June 30,2024

3,235,000 shares

As of September 30,2023

3,235,000 shares

As of June 30,2024

216,415 shares

As of September 30,2023

240,049 shares

2) Number of treasury shares at the end of the period

3) Average number of shares outstanding during the period
As of June 30,2024

3,012,712 shares

As of June 30,2023

3,194,511 shares* Information regarding review procedures
The financial information contained in this report is not subject to the review
procedures by independent auditors.
* Explanation for the appropriate use of performance forecasts and other special notes
The performance forecasts and other statements on future events presented in thismaterial are based on information that was available at the time of preparation of thismaterial and based on certain assumptions considered to be reasonable. The actual
performance may differ materially from these forecasts due to several factors.

2

Qualitative information on quarterly financial results(1) Explanation of operating results
During the cumulative period of the third quarter (October 1, 2023 to June 30, 2024),
Japan's economy remained in an uncertain situation due to the lifting of the Bank ofJapan's negative interest rate policy, the rapid depreciation of the yen, and a surge inprices against the backdrop of labor shortages.
In this environment, we actively engaged in new projects and proposals for newproducts, including seasonal events such as Christmas and Valentine's Day, and focusedon selling lifestyle goods to our main customers, 100-yen shops, resulting in sales thatexceeded the same period of the previous year.
On the other hand, despite the effects of an increase in sales volume and sales thatemphasized the profitability of individual products, we recorded a loss due to asignificant increase in cost of sales.
As a result, the summary of the operating results for the third quarter is as follows.
Operating
Income(loss)

Ordinary
Income(loss)(1,000 yen)
Quarterly Net
Income(loss)

6,720,083△87,284△105,311△72,665

6,358,436

246,088

270,920

169,108

Difference

361,646△333,372△376,232△241,773

Ratio(％)

5.7

－－－

Sales
For the nine months
ended June 30 2024
For the nine months
ended June 30 2023

Net sales increased 361,646 thousand yen (5.7%) year on year to 6,720,083 thousandyen.
This was due to sales of Halloween and Christmas event-related products progressing
slightly higher than in the same period of the previous fiscal year, and continued to bestrong in sales of kitchenware, lifestyle goods, and other products from the previous fiscalyear.
As shown in the table below, cumulative sales of lifestyle miscellaneous goods by
product group for the third quarter of the fiscal year were 6,359,355 thousand yen (up5.7% year-on-year) for one-price products and 360,727 thousand yen (up 5.5% from thesame period last year) for petit price products.
(1,000 yen)

One Price Goods
For the nine months
ended June 30 2024
For the nine months
ended June 30 2023

Petit PriceGoods

Total

6,359,355

360,727

6,720,083

6,016,515

341,921

6,358,436

Difference

342,840

18,805

361,646

Ratio(％)

5.7

5.5

5.7

3

Operating profit resulted in an operating loss of 87,284 thousand yen, a decrease of
333,372 thousand yen compared to the same period of the previous year. This was due
to several factors. Although there were positive effects from increased sales and certain
achievements in sales efforts focusing on profitability, there were also negative factors
such as the significant and rapid depreciation of the yen, increased logistics-related costs
due to higher logistics volumes, increased labor costs, and losses from the write down ofinventories. The ordinary income decreased by 376,232 thousand yen compared to thesame period of the previous year, resulting in an ordinary loss of 105,311 thousand yen.
This was mainly due to a decrease in operating income of 333,372 thousand yen, as well
as a foreign exchange gain of 24,988 thousand yen in the previous third quarter
cumulative period, which turned into a foreign exchange loss of 13,819 thousand yen in
the current third quarter cumulative period, resulting in a difference of 38,807 thousand
yen in foreign exchange gains and losses.
As a result, the net profit for nine months decreased by 241,773 thousand yen
compared to the same period of the previous year, resulting in the net loss of 72,665
thousand yen.
Since our business is a single segment of the lifestyle goods business, there is nosegments information.
(2) Explanation of financial position(Assets)
Current assets at the end of the third quarter were 3,537,110 thousand yen, a decreaseof 702,739 thousand yen from the end of the previous fiscal year. This was mainly due toa decrease in cash and deposits of 130,578 thousand yen, a decrease in notes receivableand notes and accounts receivable by 91,874 thousand yen, and a decrease in inventoriesof 498,255 thousand yen. Fixed assets were 159,625 thousand yen, a decrease of 9,653
thousand yen from the end of the previous fiscal year. This was mainly due to a decreaseof 5,549 thousand yen in investments and other assets.
As a result, total assets were 3,696,735 thousand yen, a decrease of 712,393 thousand
yen from the end of the previous fiscal year.
(Liabilities)
Current liabilities at the end of the third quarter were 783,504 thousand yen, adecrease of 945,021 thousand yen from the end of the previous fiscal year. This was
mainly due to an increase of 199,599 thousand yen in long-term borrowings and anincrease of 83,644 thousand yen in accounts payable-other, while a decrease in shortterm borrowings by 1,200,000 thousand yen. Fixed liabilities were 641,394 thousand yen,
an increase of 353,496 thousand yen from the end of the previous fiscal year. This wasdue to an increase in long-term borrowings of 350,566 thousand yen.
As a result, total liabilities were 1,424,899 thousand yen, a decrease of 591,525
thousand yen from the end of the previous fiscal year.

4

(Net assets)
The total net assets at the end of the third quarter of the fiscal year amounted to
2,271,836 million yen, a decrease of 120,868 million yen compared to the end of theprevious fiscal year. This was mainly due to a quarterly net loss of 72,665 million yen, adividend payment of 71,878 million yen resulting in a decrease in retained earnings of
144,544 million yen, an increase in deferred hedge gains of 8,092 million yen, and adecrease in treasury stock of 15,464 million yen due to the disposal of treasury stock.
As a result, the equity ratio increased by 7.2 points compared to the end of the previous
fiscal year, reaching 61.5%.
(3) Explanation of Future Forecast Information such as Performance Forecasts.
Net sales are expected to be the highest ever, but they are expected to be lower thanour earnings forecast due to our focus on profitability.
In terms of profits, although the effects of profit-oriented sales and productivity
improvements have been achieved, profit is expected to decline significantly due to theimpact of soaring purchase prices of imported products due to the rapid and significant
depreciation of the yen, inventory write-downs, and increases in logistics and laborrelated costs.、We have judged that it will be difficult to achieve the full-year earnings
forecast announced on November 14, 2023, and have revised the earnings forecast
downward.
Regarding the dividend forecast for the fiscal year ending September 2024, as
announced on November 14, 2023, we plan to maintain the year-end dividend of 24 yen
per share, with no changes.

5Quarterly Non-consolidated Balance Sheets(Thousands of yen)
As of September 30, 2023

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Inventories

876,207719,924745,629
628,050

3,060

20,111

2,428,371

1,930,116

Income taxes refund receivable
Other

212,285

60,274
153,066

Allowance for doubtful accounts-(138)

4,239,850

3,537,110

Property, plant and equipment
Intangible assets44,200
68,41840,74867,766

Investments and other assets

56,65951,110Total non-current assets

169,278

159,625

4,409,129

3,696,735

Total current assets
Non-current assets

Total assets
Liabilities
Current liabilities
Accounts payable - trade63,59080,2341,300,000-

100,000
199,599

Accounts payable - other
Income taxes payable

285,315
35,590368,959-

Provision for bonuses
Other

18,04425,986

34,710Total current liabilities

1,728,526

783,504-350,566

33,562
254,335

36,492
254,335

Short-term borrowings
Current portion of long-term borrowings

Non-current liabilities
Long-term borrowings
Provision for retirement benefits
Long-term obligations to directors
Total non-current liabilities
Total liabilities

287,897

641,394

2,016,424

1,424,899

Net assets
Shareholders' equity
Share capital

37,22037,220Capital surplus
Retained earnings

273,468
2,191,510

273,586
2,046,966

Treasury shares(157,231)(141,766)

Total shareholders' equity

2,344,967

2,216,006

Deferred gains or losses on hedges

47,737

55,830Total valuation and translation adjustments

47,737

55,8302,392,704

2,271,836

4,409,129

3,696,735

Valuation and translation adjustments

Total net assets
Total liabilities and net assets

6Quarterly Non-consolidated Statements of Income (For the nine months)(Thousands of yen)
For the nine months
ended June 30, 2023

For the nine months
ended June 30, 2024

Net sales
Cost of sales

6,358,436
4,224,898

6,720,083
4,682,565

Gross profit

2,133,538

2,037,517

Selling, general and administrative expenses

1,887,450

2,124,801

246,088(87,284)

Interest income
Foreign exchange gains

224,9882-

Subsidy income
Gain on sale of non-current assets

1,038871-

Compensation income
Interest on tax refund

386
77548
411

Other

356

19

26,851

1,852

1,216-

4,571
13,819Loss on retirement of non-current assets
Commission for purchase of treasury shares

428333-

Other

39

1,489

Operating income (loss)
Non-operating income

Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses

2,018

19,879Ordinary income (loss)

Total non-operating expenses

270,920(105,311)

Income (loss) before income taxes

270,920(105,311)

Income taxes

101,812(32,646)

Net income (loss)

169,108(72,665)7