Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended May 31, 2024
(Based on Japanese GAAP)
June 24, 2024
Company name:ICHIBANYA CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

7630
President

URL

https://www.ichibanya.co.jp/
Mamoru Kuzuhara

Inquiries:

General Manager of Corporate Planning
Dept.

Kenji Hayashi

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

July 12, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

(0586) 81 - 0792

(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended May 31, 2024 (from March 1, 2024 to May 31, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended May 31, 2024
14,25310.5
1,086 (13.7)
1,155 (12.7)
848(3.8)
Three months ended May 31, 2023
12,89414.2
1,258 138.0
1,323
86.8
881 102.8
Earnings per share

Diluted earnings per share
Yen
5.32
5.53

Three months ended May 31, 2024
Three months ended May 31, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
42,79344,032As of May 31, 2024As of February 29, 2024

Equity ratio

Millions of yen
31,18931,378

Net assets per share
%
71.7
70.2

Yen
192.41
193.83

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
40.00

Yen–

Yen
40.00

Yen
80.00

8.00

–

8.00

16.00

Year ended February 29, 2024
Year ending February 28, 2025
Year ending February 28, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2025 (from March 1, 2024 to February 28, 2025)Net sales
Millions of yen
Six months ending
August 31, 2024
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

29,70010.7

2,400(2.7)

2,500(4.1)

1,400(1.3)

8.15

61,500

11.5

5,200

10.3

5,400

7.5

3,100

15.4

19.43

1

4. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2024

159,630,000 shares As of February 29, 2024

159,630,000 shares

Number of treasury shares at the end of the period
As of May 31, 2024

105,215 shares As of February 29, 2024

105,215 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2024

159,524,785 shares Three months ended May 31, 2023

2159,549,387 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of February 29, 2024

As of May 31, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

15,899,596
3,403,946

13,921,905
3,789,939

Merchandise and finished goods
Work in process

1,004,452
41,495983,532
44,788273,876
918,705

290,125856,256

21,542,074

19,886,546

Buildings and structures, net
Machinery, equipment and vehicles, net

5,150,074
595,159

5,393,250
572,041

Land
Leased assets, net

5,201,391
284,0485,201,391
196,315

Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipmentOther, net

710,654

946,419

11,941,328

12,309,419

Goodwill
Other2,693,742
1,498,089

2,614,071
1,739,583

Total intangible assets

4,191,832

4,353,654

Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities

435,860

451,896

Deferred tax assets
Guarantee deposits

1,143,660
4,469,022

1,021,874
4,460,519

Other
Allowance for doubtful accounts

311,174(2,105)

311,762(1,999)Total investments and other assets

6,357,611

6,244,052

22,490,772

22,907,126

44,032,846

42,793,673

Total non-current assets
Total assets3

(Thousands of yen)
As of February 29, 2024

As of May 31, 2024

Liabilities
Current liabilities
Accounts payable - trade

2,581,758

2,854,024

Current portion of long-term borrowings
Accounts payable - other

6,432
1,898,087–
1,825,594

Income taxes payable
Provision for bonuses

1,164,631
385,004

341,180
185,005

Provision for shareholder benefit program
Other

108,464
1,059,310

88,093
962,569

Total current liabilities

7,203,688

6,256,467

Non-current liabilities
Long-term borrowings

64,264–

Lease liabilities
Retirement benefit liability

117,841
1,186,394

100,539
1,169,717

Asset retirement obligations
Long-term guarantee deposits552,2113,464,467

555,681
3,461,077

Other

65,59660,2915,450,775

5,347,308

12,654,463

11,603,776

Share capital
Capital surplus

1,503,270
1,389,950

1,503,270
1,389,950

Retained earnings
Treasury shares

27,223,274(108,714)

26,795,320(108,714)

Total shareholders' equity

30,007,779

29,579,825

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

97,989109,139

Foreign currency translation adjustment
Remeasurements of defined benefit plans

809,460
5,560

1,000,489
5,423

Total accumulated other comprehensive income

913,010

1,115,052

457,592

495,018

31,378,383

31,189,897

44,032,846

42,793,673

Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

May 31, 2023

May 31, 2024

Net sales
Cost of sales

12,894,047
6,667,232

14,253,295
7,197,357

Gross profit

6,226,815

7,055,937

Selling, general and administrative expenses

4,968,618

5,969,645

Operating profit

1,258,196

1,086,292

Interest and dividend income
Rental income from buildings

14,414
222,678

8,423
219,456

Other

17,89331,554

Total non-operating income

254,987

259,434

3,247
181,120

1,711
168,837

5,683

19,440Non-operating income

Non-operating expenses
Interest expenses
Rental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of stores
Other

190,052

189,990

1,323,132

1,155,736

20,364

65,116573

1,000

20,938

66,116

Loss on retirement of non-current assets
Impairment losses

59
6,437

1,326
–

Total extraordinary losses

6,497

1,326

Profit before income taxes

1,337,573

1,220,526

Income taxes - current
Income taxes - deferred

343,417
99,572

237,162
121,631

Total income taxes

442,990358,794

Profit894,583

861,731

Profit attributable to non-controlling interests

12,767

13,487

Profit attributable to owners of parent

881,815

848,244

Total extraordinary income
Extraordinary losses

5Consolidated statements of comprehensive income (cumulative)(Thousands of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

May 31, 2023

May 31, 2024
894,583

861,731

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

20,53947,832

11,149214,968

Remeasurements of defined benefit plans, net of tax

1,179

(136)

69,551225,981Comprehensive income

Total other comprehensive income

964,134

1,087,712

Comprehensive income attributable toComprehensive income attributable to owners of parent

948,936

1,050,286

15,19737,426Comprehensive income attributable to non-controllinginterests

6