November 10, 2023

Consolidated Financial Results
for the Six months Ended September 30, 2023
[Japanese GAAP]
Company name:
Oisix ra daichi Inc.
Stock exchange listings: TSE
Securities code:
3182
URL: https://en.oisixradaichi.co.jp
Representative:
Kohey Takashima, Representative Director, CEOContact:
Shigeru Kumano, General Manager of Administration Division
Scheduled date of filing of Quarterly Report:
November 13, 2023
Scheduled date of payment of dividend:
Preparation of supplementary materials for financial results:
Yes
Holding of quarterly financial results meeting:Yes(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Six Months ended September 30, 2023
(from April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results
Six months ended

Net Sales
MillionOperating Profit
Million%yen

September 30, 2023
September 30, 2022(% of change from previous year)

57,43855,450Million

%

yen

3.6
-1.3

EBITDA*1

2,070
1,672

yen

23.8
-50.0

3,234
2,771

Comprehensive income: 2nd Quarter of 2024.3 (As of September 30, 2023)
2nd Quarter of 2023.3 (As of September 30, 2022)(Note)*1. EBITDA stands for earnings before depreciation and amortisation.

Six months ended

Net Income per
Share

September 30, 2023
September 30, 2022

%

16.7
-33.8

Ordinary Profit

Profitattributable to
Owners of Parent

MillionMillion

%

yen

2,339
1,406

%

yen

66.3
-57.0

1,401
892

57.0
-58.6

1,891 million yen (31.4%)
1,439 million yen (-37.8%)

Diluted Net
Income per Share

Yen

Yen

38.33
24.42

-

(2) Consolidated Financial Position
Period ended

September 30, 2023
March 31, 2023

Total Assets

Shareholders’Equity Ratio

Net Assets

Million yen

Million yen%

66,52764,50228,33026,14039.6
38.1(Reference)
Shareholders’ equity (million yen): 2nd Quarter of 2024.3 (As of September 30, 2023)
26,359million yen
End of 2023.3 (As of March 31, 2023)
24,597million yen

2. Dividends
Fiscal Year ended or ending

Dividend per Share
1Q

March 31,2023
March 31,2024

2Q

3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen

―
―

0.00
0.00

―

0.00

0.00

―

0.00

0.00

March 31,2024 (Forecast)(Note)
Revisions to the most recently announced forecast: None1

3. Forecast for the Fiscal Year Ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

126,500

Operating Income

EBITDA%

Million yen

%

9.8

6,000

79.3

Million yen

8,000

Net Income
per Share

Net Income%

Million yen

%

Yen

43.0

3,800

110.2

103.94(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:

None
None

(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, 2023

38,028,092shares

As of March 31, 2023

38,028,092shares

2) Number of treasury stocks:
As of September 30, 2023

1,470,042shares

As of March 31, 2023

1,469,994shares

3) Number of average shares during the period:
Six months ended September 30, 2023

36,558,073shares

Six months ended September 30, 2022

36,553,704shares* 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
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts

14,775(Millions of yen)
As of September 30, 2023

－
9,626
1,802
77
599
3,147
886
-234

16,907
5
9,372
1,961
150
531
2,017
928
-282

30,68031,593

11,641
4,758

11,296
5,592

16,39916,888

1,190
2,419

1,156
2,643

Total intangible assets

3,609

3,799

Investments and other assets
Investment securities
Other

11,4502,361

11,8172,427

13,812

14,24533,821

34,93364,502

66,527

Total current assets
Non-current assets
Property, plant and equipment
Leased assets, net
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other

Total investments and other assets
Total non-current assets
Total assets3

(Millions of yen)
As of September 30, 2023

As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Accounts payable - other
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for point card certificates
Other

6,309
10,060
27
705
5,914
831
397

Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Provision for retirement benefits for directors (andother 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-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income

－
80
1,906

6,264
10,035
22
737
6,186
872
377
1
94
1,839

26,231

26,43174
11,2939

64
10,940
9

554
21
176

556
19
174

12,13011,76538,361

38,196

3,995
8,016
16,255-4,503

3,995
8,016
17,657-4,50423,76425,165

155
677

204
988

832

1,193

Non-controlling interests

1,542

1,971

Total net assets

26,14028,33064,502

66,527

Total liabilities and net assets4(2) Consolidated Statement of Income and Comprehensive Income
Consolidated Statement of Income(Millions of yen)Six months ended
September 30, 2023

Six months ended
September 30, 2022
Net sales
Cost of sales

55,45028,52357,43828,790Gross profit

26,92628,648Selling, general and administrative expenses

25,254

26,577

Operating profit

1,672

2,070

0
0
9
－

0
4
10
26

－
30

278
22

40

343

58

68
4

Non-operating income
Interest income
Dividend income
Compensation income
Share of profit of entities accounted for using equity
methodGain on investments in investment partnerships
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity
method
Other

－
191

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses

－

56

1

306

74

1,406

2,339

－

6

－

6

－

7

－

7

Profit before income taxes

1,406

2,338

Income taxes - current
Income taxes - deferred

627
-42

741
-17

Total income taxes

584

723

Profit821

1,615

Profit (loss) attributable to non-controlling interests

-70

213

Profit attributable to owners of parent

892

1,401

Consolidated Statement of Comprehensive Income(Millions of yen)Six months ended
September 30, 2023

Six months ended
September 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

5

821

1,615

20
598
-1

-42
295
23

617

276

1,439

1,891

1,510

1,762

-70

128

(3) Consolidated Statement of Cash Flow
(Millions of yen)Six months ended
September 30, 2022

Six months ended
September 30, 2023

Cash flows from operating activities
Profit before income taxes

1,406

2,338

Depreciation

974

1,028

Amortization of goodwill

124

136

Increase (decrease) in allowance for doubtful accounts

-23

47

Increase (decrease) in provision for bonuses

1

1

Interest and dividend income-0-4Interest expenses

58

68

Foreign exchange losses (gains)

1

1

Share of loss (profit) of entities accounted for using equity method

191

-26

Loss (gain) on investments in investment partnerships

－

-278

Loss (gain) on valuation of investment securities－

7

Decrease (increase) in trade receivables

186

244

Decrease (increase) in accounts receivable - other

-148

1,129

Decrease (increase) in inventories

17

-193

Increase (decrease) in trade payables

133

-13

Increase (decrease) in accounts payable - other

-872

-428

Increase (decrease) in accrued expenses

-22

88

Other, net

171

-228

Subtotal

2,200

3,915

Interest and dividends received

0160Interest paid

-6

-68

Income taxes paid

-99

-696

Payments into deposit money

-800

－

Net cash provided by (used in) operating activities

1,294

3,311

Purchase of property, plant and equipment

-207

-371

Purchase of intangible assets

-371

-590

Purchase of investment securities

-180

-223

Purchase of shares of subsidiaries and associates

-669

－

Payments of leasehold and guarantee deposits-4-0Proceeds from refund of leasehold and guarantee deposits

80

0Other, net-3-7-1,356-1,192

4,000

-25

-20

-14

Cash flows from investing activities

Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares

2－

Proceeds from share issuance to non-controlling shareholders－

300

Purchase of treasury shares-0-0

Repayments of lease liabilities

-352

-347

Net cash provided by (used in) financing activities

3,629

-88

405

94

Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents

3,974

2,124

Cash and cash equivalents at beginning of period

13,033

14,720Cash and cash equivalents at end of period

17,008

16,845

6

(4) Notes to consolidated financial statements(Notes on Going Concern Assumption)
None(Notes on significant fluctuations in shareholders' equity capital)
None(Segment information, etc.)[Segment information]
I. First six months of the previous fiscal year (from April 1, 2022 to September 30, 2022)
Information on the amounts of net sales, profit or loss by reportable segment
Home Delivery Business
Daichi wo
Mamorukai

Oisix

Net Sales
Japan
U.S.
Others
Revenue fromContracts with
Customers
Net sales toexternal customers
Intersegmental
net sales andtransfers
Total
Segment profit(loss)

RadishBoya

PurpleCarrot

Total

Other
businesses

Adjustments

Amount on
Consolidated
Statementsof Income

28,458
-

6,141
-

8,370
-

5,150
-

42,970
5,150
-

6,852
476

-

49,8225,150
476

28,458

6,141

8,370

5,150

48,1207,329-

55,45028,458

6,141

8,370

5,150

48,1207,329-

55,450

-

-

-

20

20

629

-649

-

28,458

6,141

8,370

5,171

48,141

7,958

-649

55,450

3,821

1,188

1,126

-173

5,963

759

-5,050

1,672

Notes:
1. The "Other businesses" segment is a business segment not included in the reported segments and includes
the Solution business, Store business, International business (excluding Purple Carrot), Wholesale businessand others.
2. The main components of segment income in "Adjustments" are fixed personnel expenses and corporate
expenses, which are general and administrative expenses that do not belong to any business segment.
3. Adjustments were made to reconcile segment income to operating profit or loss presented in Consolidated
Statements of Income.

7II. First six months of the current fiscal year (from April 1, 2023 to September 30, 2023)
Information on the amounts of net sales, profit or loss by reportable segment
Home Delivery Business
Daichi wo
Mamorukai

Oisix

Net Sales
Japan
U.S.
Others
Revenue fromContracts with
Customers
Net sales toexternal customers
Intersegmental
net sales andtransfers
Total
Segment profit(loss)

RadishBoya

PurpleCarrot

Total

Other
businesses

Adjustments

Amount on
Consolidated
Statementsof Income

30,740
-

5,731
-

8,244
-

4,644
-

44,716
4,644
-

7,764
313

-

52,4804,644
313

30,740

5,731

8,244

4,644

49,3608,077-

57,43830,740

5,731

8,244

4,644

49,3608,077-

57,438

-

-

-

18

18

888

-907

-

30,740

5,731

8,244

4,663

49,379

8,966

-907

57,438

4,053

1,149

1,131

-164

6,169

1,084

-5,1832,070

Notes:
1. The "Other businesses" segment is a business segment not included in the reported segments and includes
the Solution business, Wholesale for nursery business, International business (excluding Purple Carrot) andothers.
2. The main components of segment income in "Adjustments" are fixed personnel expenses and corporate
expenses, which are general and administrative expenses that do not belong to any business segment.
3. Adjustments were made to reconcile segment income to operating profit or loss presented in Consolidated
Statements of Income.
End8