February 13, 2019

Consolidated Financial Results
for the Nine months Ended December 31, 2018
[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 Mothers
URL: http://www.oisixradaichi.co.jp

February 14, 2019
YesNone(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Nine Months ended December 31, 2018(from April 1, 2018 to December 31, 2018)(1) Consolidated Operating Results
Nine months ended(% of change from previous year)

Net Sales

Operating Income

Net Income
Attributable to Owners
ofthe Parent

EBITDA

Million yen%

Million yen%

Million yen%

Million yen%

48,90630,007

63.0
75.3

2,265
692

227.2
10.7

2,882
1,282

124.7
58.2

2,533
336

653.7
△21.8

December 31, 2018
December 31, 2017

(Note)
1.Comprehensive income: 3rd Quarter of FY2018(As of December 31, 2018)
2,530 million yen(629.3%)
3rd Quarter of FY2017(As of December 31, 2017)
346 million yen(△19.3%)
2.Net Income attributable to owners of parent increased substantially compared with the same period of the previous fiscal year,
due to taking over the tax loss carryforwards from the absorption-type merger with Radish Boya co.,ltd on October 1, 2018,
and the recording of additional deferred tax assets, which is a special factor for the current fiscal year.
In Addition, prior to the absorption-type merger, consolidated subsidiary Radish Boya co.,ltd consolidated profits and losses
for the seven-month period from March 1, 2018 to September 30, 2018.

Nine months ended

Net Income perShare

December 31, 2018
December 31, 2017

Diluted Net
Income per ShareYenYen

75.84
10.50

74.78
10.26

(Note）
1.EBITDA stands for earnings before depreciation and amortisation.
2.On April 1st, 2018, the Company implemented a 2 for 1 stock split of common shares, and on October 1st, 2018, the Company implemented a 2 for 1stock split of common shares. For the previous consolidated accounting year, said stock split is assumed to have occurred at the beginning of that
accounting year for the purposes of calculating comparable Net Income per Share and Diluted Net Income per Share figures.

(2) Consolidated Financial Position
Period ended

December 31, 2018
March 31, 2018
(Reference)
Shareholders’ equity(million yen)

Total Assets

Shareholders’Equity Ratio

Net Assets

Million yen

Million yen%

23,831
19,846

12,64910,04852.9
50.6

As of December 31, 2018 : 12,617

As of March 31, 2018 : 10,045

2. Dividends
Fiscal Year ended or ending

Dividend per Share1Q

March 31,2018
March 31,2019

2Q

3Q

Year-end

Total

Yen

Yen

Yen

Yen

Yen――

0.00

―

0.00

0.00

0.00

―

0.00

0.00

March 31,2019 (Forecast)(Note)
Revisions to the most recently announced forecast: None1

3. Forecast for the Fiscal Year Ending March 31, 2019 (from April 1, 2018 to March 31, 2019)(Percentages represent year-on-year changes)

Net Sales
Million yen

Full year

64,000Operating Income

EBITDA%

Million yen%

60.1

2,200

146.8

Million yen

3,000

Net Income
per Share

Net Income%Million yen%

Yen

79.6

2,300869.4

68.86(Note)
1.Revisions to the most recently announced forecast: None
2.EBITDA stands for earnings before depreciation and amortisation.
3.On October 1st, 2018, the Company implemented a 2 for 1 stock split of common shares. For the previous consolidated accounting year, said
stock split is assumed to have occurred at the beginning of that accounting year for the purposes of calculating comparable Net Income per Share* Notes(1) Changes of important subsidiaries during the period(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):

Yes(Note)
Radish Boya Co., Ltd. was merged with the Company and dissolved as of October 1, 2018, and is therefore excluded
from the scope of consolidation in the third quarter period of the fiscal year.

(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly
financial statements:

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 December 31, 201833,581,364shares

As of March 31, 201833,102,356shares

2) Number of treasury stocks:
As of December 31, 2018

3,692shares

As of March 31, 2018

3,340shares

3) Number of average shares during the period:
Nine months ended December 31, 201833,403,388shares

Nine months ended December 31, 2017

32,019,627shares(Note)On April 1st, 2018, the Company implemented a 2 for 1 stock split of common shares, and on October 1st, 2018, the Company implemented a 2for 1 stock split of common shares. For the previous consolidated accounting year, said stock split is assumed to have occurred at the beginning ofthat accounting year for the purposes of calculating comparable Number of shares issued, Number of treasury stocks and Number of average
shares during the period.

* 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(Thousands of yen)
As of March 31, 2018

As of December 31, 2018

AssetsCurrent assets
Cash and deposits

7,236,330

8,310,456

Accounts receivable-trade5,415,701

6,897,985

918,137

1,338,452

4,435

45,768Merchandise and finished goodsWork in process
Raw materials and supplies

207,590

255,431

Accounts receivable-other

1,335,994

1,503,108

Others300,077

389,246

Allowance for doubtful accounts△156,696△185,680

Total current assets

15,261,572

18,554,770

878,426

1,013,844

Goodwill

1,506,089

1,251,399

Others877,657

1,059,610

Noncurrent assets
Property, plant and equipment
Intangible assets

2,383,747

2,311,010

Investments and other assets

Total intangible assets

1,323,134

1,951,426

Total noncurrent assets

4,585,307

5,276,281

19,846,880

23,831,051Total assets3(Thousands of yen)
As of March 31, 2018

As of December 31, 2018

Liabilities
Current liabilities
Accounts payable-trade

4,097,110

5,325,866

6,012

7,067

Accounts payable-other3,076,648

3,190,942

Income taxes payable

266,572

181,373

Provision for bonuses

90,47751,397

Provision for points certificates

147,754

145,422

Asset retirement obligations

66,00066,000

Others979,109

1,135,855

8,729,685

10,103,924

41,29658,277

Short-term loans payable

Total current liabilities
Noncurrent liabilities
Long-term loansProvision for directors' retirement benefits

3,300

4,200

Retirement benefit liabilities

458,874

421,034

Asset retirement obligations

282,649

303,225

Others282,787

291,025

1,068,907

1,077,762

9,798,592

11,181,687

Capital stock

1,259,797

1,283,056

Capital surplus

5,274,175

5,297,428

Retained earnings

3,510,139

6,043,511△2,065△2,615

10,042,046

12,621,381

4,693

3,343

△1,030△7,291

3,662△3,9482,578

31,93010,048,288

12,649,364

19,846,880

23,831,051

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Treasury stocks
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustments
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets4(2) Consolidated Statement of Income(Thousands of yen)
Period ended
December 31, 2017

Period ended
December 31, 2018

Net sales

30,007,511

48,906,257

Cost of sales

15,957,049

25,592,895

Gross profit

14,050,462

23,313,362

Selling, general and administrative expenses

13,357,929

21,047,500

692,533

2,265,861

Interest income

566

153

Dividend received

4,452

5,648

Compensation income

6,461

9,208

Others

33,86761,004

Total non-operating income

45,34876,015Interest expenses

498

1,501

Stock issuance cost

428

477

Operating income
Non-operating income

Non-operating expenses

Foreign exchange losses

1,719

3,751

Liabilities from application of equity method

3,133

43,361Others

3,907

4,886

Total non-operating expenses

9,687

53,978728,194

2,287,898

Gain on sales of investments in affiliated companies

－

3,123

Total extraordinary Income

－

3,123

92,222－

Cancellation charges of facility leasing arrangements－

40,159Loss on sales of noncurrent assets－

11,741

Impairment loss

6,300

－

Total extraordinary loss

98,52351,900

Income before income taxes

629,6712,239,121

Income taxes-current

221,182

311,441

Income taxes-deferred

71,669△610,369

Total income taxes

292,851△298,928

Net income

336,820

2,538,049

684

4,676

336,135

2,533,372

Ordinary income
Extraordinary IncomeExtraordinary loss
Loss on revision of retirement benefit plan

Net income attributable to non-controlling interests
Net income attributable to owners of the parent5

(3) Consolidated Statement of Comprehensive Income
Period ended
December 31, 2017
Net income(Thousands of yen)
Period ended
December 31, 2018336,820

2,538,049

Valuation difference on available-for-sale securities

10,360△1,349Foreign currency translation adjustments△214△6,261

Total other comprehensive income

10,145△7,610346,965

2,530,438

346,2812,525,762

684

4,676

Other comprehensive incomeComprehensive income
Total comprehensive income attributable toOwners of the parent
Non-controlling interests6