November 12, 2020

Consolidated Financial Results
for the Six months Ended September 30, 2020
[Japanese GAAP]
Company name:
Oisix ra daichi Inc.
Securities code:
3182
Representative:
Kohey Takashima, Representative Director, CEOContact:
Hajime Yamanaka, Corporate Officer, Administration
Scheduled date of filing of Quarterly Report:
Scheduled date of payment of dividend:
Preparation of supplementary materials for financial results:
Holding of quarterly financial results meeting:Stock exchange listings: TSE
URL: http://www.oisixradaichi.co.jp

November 13, 2020
YesYes(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Six Months ended September 30, 2020
(from April 1, 2020 to September 30, 2020)(1) Consolidated Operating Results
Six months ended(% of change from previous year)

Net Sales

Operating Income

Million yen%

Million yen%

47,56632,552

46.1
2.6

3,976
900

341.5
△19.3

September 30, 2020 *2
September 30, 2019 *3

Net Income
Attributable to Ownersof the Parent*3

EBITDA*1
Million yen%

Million yen%

4,678
1,348
2,379 million yen (669.4%)309 million yen (△65.5%)

246.8△10.92,452
390528.2△56.3

Comprehensive income: 2nd Quarter of FY2020 (As of September 30, 2020)
2nd Quarter of FY2019 (As of September 30, 2019)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.
*2. Operating income for the 2Q of the fiscal year under review has increased exceptionally. This is because the rapid increase in demand for home delivery
accompanying the spread of COVID-19 and promotional expenses decrease significantly. The decrease of promotional expenses was due to the temporary
suspened the acquisition of new customer by the tight shipping capacity for Oisix during the 1Q, and else.
*3. Sale and profits for the 1H of the previous fiscal year does not include the income and loss of Three Limes, Inc. (hereafter Purple carrot),which has been included in the scope of consolidation since the 3Q of the previous fiscal year.

Six months ended

Net Income perShare

September 30, 2020
September 30, 2019

Diluted Net
Income per ShareYenYen

65.00
11.53

64.84
11.44

(2) Consolidated Financial Position
Period ended

September 30, 2020
March 31, 2020

Total Assets

Shareholders’Equity Ratio

Net Assets

Million yen

Million yen%

36,09926,08721,48014,19558.2
53.7

2. Dividends
Fiscal Year ended or ending

Dividend per Share
1Q

March 31,2020
March 31,2021

2Q

3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

――0.00

―0.00

0.00

0.00

―0.00

0.00

March 31,2021 (Forecast)(Note)
Revisions to the most recently announced forecast: None1

3. Forecast for the Fiscal Year Ending March 31, 2021 (from April 1, 2020 to March 31, 2021)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

90,000Operating Income

EBITDANet Incomeper ShareNet Income%Million yen%

Million yen%

Million yen%

Yen

26.7

5,000

102.7

6,400

78.0

2,500

216.4

66.25

(Note)*1.Revisions to the most recently announced forecast: None

* Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly
financial statements:

NoneNone(3) Changes in accounting policies and accounting estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards:

None2) Changes in accounting policies other than 1) above:None3) Changes in accounting estimates:

None4) Restatements:

None(4) Number of shares issued (common shares)
1) Number of shares issued (including treasury stock):
As of September 30, 2020

37,997,516shares

As of March 31, 2020

34,324,116shares

2) Number of treasury stocks:
As of September 30, 2020

3,911shares

As of March 31, 2020

3,780shares

3) Number of average shares during the period:
Three months ended September 30, 2020

37,734,575shares

Three months ended September 30, 201933,871,591shares* This financial report is outside the scope of the audit by certified public accountants or auditing firms.
* Explanation of the proper use of forecast and other notes
The forward-looking statements herein are based on information available to the Company and certain assumptions deemed
reasonable as of the date of publication of this document. They are not intended as the Company’s commitment to achieve suchforecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.

2

Consolidated Financial Statements(1) Consolidated Balance Sheet(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets

3

As of September 30, 2020

7,676
6,824
1,330
15265
1,989379△231
18,25015,182
7,587
1,434
44
301
2,679
388
△193
27,426

1,432

2,245

2,375
1,859
4,234
2,170
7,837
26,087

2,050
1,898
3,948
2,479
8,672
36,099(Millions of yen)
As of March 31, 2020
Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Provision for retirement benefits fordirectors (and other officers)
Asset retirement obligations
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets

4

As of September 30, 2020

4,975
94,277651－184943
11,0435,915
74,805
1,363
35
245
1,320
13,695

4335

138
32

56322
138
302
848
11,891

323
123
298
923
14,618

1,691
5,705
6,687
△2
14,081

3,993
8,007
9,140
△321,137△21△42△39△80△60

△123

174
14,19526,087466
21,48036,099(2)Consolidated Statement of Income(Millions of yen)Six months ended
September 30, 2019

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Compensation income
Gain on sales of scraps and recycling
paperRecoveries of written off receivables
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share issuance costs
Foreign exchange losses
Share of loss of entities accounted forusing equity method
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controllinginterests
Profit attributable to owners of parent

5

Six months ended
September 30, 2020

32,552
17,195
15,357
14,456900

47,566
23,587
23,97920,0033,976

00600733318317143200891712172

282

5188743
743
141
216
357
385

5327
3,681
3,681
1,238
11,2392,441△4△10390

2,452

(3)

Consolidated Statement of Comprehensive Income(Millions of yen)Six months ended
September 30, 2019

ProfitOther comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Share of other comprehensive income ofentities accounted for using equity
methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests

6Six months ended
September 30, 2020
3852,441△20△68△41△6△21△76309△622,379

313

2,390

△4△10