IR Presentation Materials:
Financial Resultsfor FY2023
May 2024

KYOKUYO CO., LTD.
(Tokyo Stock Exchange Prime Section Securities Code: 1301)* The company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. fromthe beginning of the first quarter of fiscal year ended March 31, 2022. The figures from the fiscal year ended March 31, 2022
are figures after the application of this accounting standard and related adjustments.

Contents
Review of the Previous Medium-term
１. Business Plan
Overview of the New Medium-term
２. Business Plan

pp.2-5
pp.6-9３. Forecast for FY2024

pp.10-13

４. FY2023 performance

pp.14-19

５. Status by Segment

pp.20-29

Reference Materials

pp.30-39

１. Review of the Previous Medium-term
Business Plan
『Build Up Platform 2024』

Previous Medium-term Business Plan
Targets＆ Performance
FY2021

FY2022

FY2023

Net sales

２５３.５billion
yen

２７２.１billion
yen

２６１.６billion

Operating profit

６.３billion yen

Ordinary profit

Variance

Targetsyen

３００billionyen－３８.３billion
yen

８.１billion yen

８.８billion yen

７billion yen+１.８billion yen

６.９billion yen

８.１billion yen

８.８billion yen

６.５billion yen+２.３billion yen

Operating Profit
Margin

２.５％

３.０％

３.４％

２.０％ or more

+１.４pts

Ordinary
Profit Margin

２.７％

３.０％

３.４％

２.０％ or more

＋１.４pts

Overseas
net sales

１８.３billionyen

２５.４billion
yen

２１.８billion
yen

３０billion yen－８.１billion yen

D/E ratio

１.５

１.６

１.４

１.５

－０.１pts

Parts of the amounts less than themeasured units are truncatedMajor Strategies and Initiatives ・achievement
Change to a high-profit structure

Various social issues

Creating value shared byboth society and Kyokuyo

Continuous efforts to address
business issues●➢ Reorganized food departments from product-specific tobusiness-specific organizations and bolstered our sales
structure➢ Promoting higher profitability by expanding sales of products
produced at our own plants and consolidating production
items.

Various social issues

A challenge forsustainable growth●➢Broadcasting new television commercials

Commercials promoting
canned tuna●

Corporate Commercials➢ Building up our network ofoverseas production locations

Strengthening of our management base
& ESG-focused management※ Refer to page 5 for details●● Strengthening access
Purse seine fishing vessel
to resources➢Building overseas purse seine fishing vessel
for catching skipjack➢ Raised approx. 3.7 billion yen via public stock offering
Actively channeled capital expenditures to overseas production sites
Secured the financial flexibility for future growth investments

Major Strategies and Initiatives ・achievement●➢ Building up our network of overseas production locations
・Completion of the new KGS plant in Thailand, our key overseas production facility
・Establish a food manufacturing subsidiary in Vietnam (planned to be operational in FY2024)
・Establish imitation crab meat manufacturing company in North America

Frozen foods producedby KOCAMAN(planned to be operational in FY2024)

・Acquired stake in a company in Turkey that manufactures and exports frozen food to Europe
KOCAMAN BALIKÇILIK İHRACAT VEİTHALAT TİCARET ANONİM ŞİRKETİ

KYOKUYO GLOBAL SEAFOODS in Thailand(Kent, WA, U.S.A) Established : April 2023
Manufacture and sales of imitation
crab meat for the US market, andcold storage business（Turkey）Acquired stake ：March 2024
Purchasing of seafood. Manufacture and salesof frozen food, etc.

Qingdao Kyokuyo
International Co., Ltd.
（China）（ Netherlands ）Sales and exports offrozen food to Europe

Qingdao
Representative
Office(Thailand ) Established ： April 2019
Main overseas plant engaged in the
production, sales, and exports ofsushi toppings, simmered fish, grilled
fish, etc.

Sales to domestic China andexports（Seattle, U.S.A）
Purchasing and sales of seafood; exports
to Japan(Vietnam)Established ： July 2022
Production, sales, and exportsof food

Bangkok
Representative
OfficeHo Chi Minh City Representative Office
Surabaya Representative Office･･･ Sites with strength in procurement･･･ Sites with strength in manufacturing２. Overview of the New Medium-term
Business Plan
『Gear Up Kyokuyo 2027』

Overview of the New Medium-term
Business Plan
PurposeContributing to people’s lives and the planet through foods with afocus on fish, for a more sustainable world

For a strong Kyokuyo
Globalization

Strengthen&
expandSites
MarketProducts
Human resourcesand organization
Adapting to change
Engagement

Four businesses
Marine product business
Fresh foods business
Processed food business
Overseas business

Expanding business base (production sites, sales sites, etc.)
Strengthening financial base (acquiring stable profits, diverse procurement of capital, etc.)
Strengthening our partnerships with stakeholders (customers and business partners)

Overview of the New Medium-term
Business Plan
For a strong Kyokuyo
Kyokuyo Missions
１

Providing healthy, safe, and reliable foods

２

Practicing responsible procurement in the global supply chain

３

Realizing sustainable food in harmony with society andthe global environment

４

Creating a cheerful company where each and every individual
can play an active role

➢ Three perspectives
１．Human resources andorganization
Build an organization capable ofaccommodating changes in society by
developing our personnel, who thedriving force of growth.

２．Four businesses

３．Globalization

Strengthen and expand our group withfocus on the four businesses of Marine
Products, Freshfoods, Processed Food,and overseas business, based onorganizations overflowing withpersonnel capable of accommodatingchange.

Establish local production and sales
structures for products targeting the foodconsumption needs of each global region
by developing these four businesssegments, and spread the wings of ourbusiness overseas.

Overview of the New Medium-term
Business Plan
➢ Six KPIs (FY ending March 2027 Target value)
Net sales

４００ billion yen

Operating profit

１３.５ billion yen

Ordinary profit

１３.５ billion yen

Overseas net sales ratio

１５% or more

ROIC(Return on invested capital)

６% or more

DOE(Dividend on equity ratio)

３% or more

３．Forecast for FY2024

Consolidated Performance Forecast& Medium-term Plan Targets

Medium-term
Business Plan Targets
Net sales

３００billion yen

４００billion yen

Operating profit

１０billion yen

１３.５billion yen

Ordinary profit

１０billion yen

１３.５billion yen

Capital Investment Plan

KyokuyoAffiliatedcompanies

Overview

FY2024Plan

Production plant-related
Laboratory-related
Sea-based aquaculturebusiness
IT-related & other

1.5 billion yen
0.1 billion yen
0 billion yen
0.8 billion yen

Remodeling subsidiary plant facilities, etc.

Total

2.4 billion yen

Production plant-relatedPurse seine fishingbusiness-related
Sea-based aquaculturebusiness
IT-related & other7.2 billion yen
0. 2 billion yen
0.1 billion yen
0.2 billion yen

・ 1.4 billion yen for imitation crab
meat manufacturing subsidiary
Ocean’s Kitchen in North America

Total

7.7 billion yen

Total

10.1 billion yen

Major Investments

・2.9 billion yen for food
manufacturing subsidiary Kyokuyo
Vina Foods in Vietnam

・0.5 billion yen for Japanese
Scallops processing and export
company Pacific Scallop Co., Ltd.
Other : Remodeling plant facilities, etc.

Business Environment for FY2024
Key points to note:⚫ Growing difference in interest rates between Japan & US
⚫ When US interest rates will fall & by how much
⚫ US presidential election⚫ Real estate slump in China

Business environment awareness:⚫ More savings-conscious attitudes due to cost of living increasing fasterthan wages⚫ Increasingly serious labor shortages⚫ Entering the age of positive interest rates in Japan４. FY2023 performance

Consolidated Statements of Income(Millions of yen)

－10,563－3.9%

300,000

87.2%

Operating profit

700

8.6%

8,500

103.6%

Ordinary profit

673

8.2%

8,500

104.2%

Profit attributable toowners of parent

153

2.7%

6,000

98.9%

Net sales➢ Year-on-year
・Net sales declined due to falling sales of seafood.
・Profits improved significantly in the Marine Products Business and Processed Food Business.

➢ Vs. full-year forecast (disclosed May 12, 2023)
・Although sales fell short of last year, operating & ordinary profit were higher.
Profits reached a new record high.
Record highs in operating profit for the 3rd consecutive year, ordinary profit for the 4th consecutive year,
and profit attributable to owners of parent for the 2nd consecutive year.
* Consolidated performance forecast values for the year ended March 31, 2024 were revised and disclosed on February 2, 2024.

Consolidated Balance Sheet(Millions of yen)

AssetsCurrent assets

Notes and accounts
receivable - trade114,20233,079Liabilities
124,297

34,677

10,094

1,597

Current liabilities

64,95070,659

5,708

Notes and accounts
payable - trade

8,563

8,417

－146

Short-term borrowings(including commercial
paper)

38,78345,3406,556

Merchandise andfinished goods

52,62059,308

6,687

Non-current liabilities

34,38331,200－3,183Work in process

3,840

4,521

680

Long-term borrowings

29,81628,975－840

Raw materials andsupplies

7,425

6,507

－917

Total liabilities

99,334

101,859

2,525

Other

17,236

19,282

2,045

32,09836,422

4,324

Shareholders’ equity

43,73652,354

8,617

Total property, plantand equipment

18,912

21,6702,758

Accumulated othercomprehensive income

3,805

6,622

2,816

Total intangible assets

348

887

539

Non-controlling interests

－575

－115

459

12,837

13,864

1,027

Total net assets

46,96658,86011,894

146,301

160,720

14,419Total liabilities andnet assets

146,301

160,720

14,419Non-current assets

Investments andother assets
Total assets

Net assets

・”Merchandise and finished goods” increased due to rising food production costs.
・”Total property, plant and equipment” increased due to the establishment of overseas subsidiary plant facilities.

Consolidated Cash Flows(Millions of yen)

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Profit before income taxes

8,403

8,555

151

Depreciation

2,264

2,427

162

Decrease (increase) in tradereceivables－3,987－1,281

2,705

Decrease (increase) in inventories－8,938－8,055883

Increase (decrease) in trade payables－1,672

－498

1,174

Other

－2,313－2,868－555

Subtotal－6,243－1,721

4,521

Purchases of non-current assets－2,299－5,336－3,037

－39

－371

－331

Subtotal－2,338－5,707－3,368Net increase (decrease) in short-termborrowings (including commercial
paper)

12,246

3,913－8,332

Net increase (decrease) in long-termborrowings－1,972

1,373

3,346

Other

－1,262

3,236

4,498

Subtotal

9,011

8,524

－487

Other

・”Long-term borrowings” increased due to capital expenditures for overseas
production sites to expand overseas business.

Consolidated Finance-Related Metrics
Changes in Consolidated Financial Metrics
FY2019FY2020

FY2021

FY2022

FY2023

Y-o-Y

Equity (millions of yen)

32,71840,38242,70547,541

58,976

11,434

Interest-bearing debt
(millions of yen)

55,17351,174

58,121

68,97374,625

5,652

Total assets(millions of yen)

111,184

116,331130,460

146,301

160,720

14,419Year-end balance of cash and cash
equivalents(millions of yen)

6,313

7,097

6,539

7,042

8,452

1,409

Equity ratio

29.4％

34.7％

32.7％

32.5％

36.7%

+4.2pts

D/E ratio

1.7

1.4

1.5

1.6

1.4

－0.2pts

ROE

6.3％

10.5%

11.2%

12.8％

11.1％

－1.7pts

ROA

3.2％

4.3%

5.6%

5.9％

5.8％

－0.1pts

ROE: Profit attributable to owners of parent / equity*、

ROA：Ordinary profit / total assets** Averages of values at end of this year and end of previous year.

・”Equity” increased due to record high profits and funding from the public stock offering.
・”D/E ratio” improved due to increased equity.

Capital Investment Results

KyokuyoAffiliatedcompanies

Overview

FY2023
Actual on
March 31

Production plant-related
Laboratory-related
Sea-based aquaculture business
IT-related & other

0.7 billion yen
0 billion yen
0.1 billion yen
0.7 billion yen

Total

1.5 billion yen

Production plant-relatedPurse seine fishingbusiness-related
Sea-based aquaculture business
IT-related & other3.8 billion yen
0.1 billion yen
0.1 billion yen
0.1 billion yen

Total

Total

4.1 billion yen

5.6 billion yen

Major Investments
Remodeling subsidiary plant facilities, etc.

Advance DX
Group-wide systems implementation

・2.4 billion yen for imitation crab meat
manufacturing subsidiary Ocean’s Kitchen in
North America
・0 .7 billion yen for food manufacturingsubsidiary Kyokuyo Vina Foods in Vietnam

５. Status by Segment

Status by Segment
Net Sales and Profit by Segment(Millions of yen)

Y-o-Y

Y-o-Y

MarineProducts
Business

139,058

127,694－11,364

2,740

5,001

2,261

Freshfoods
Business

72,58866,147－6,440

5,406

2,485

－2,921

Processed
Food
Business

58,68465,634

6,949

801

2,613

1,811

Logistics
Business

1,361

1,599

237

203

289

85

Other

473

527

54

－1,046－1,583

－537

Total

272,167

261,604－10,563

8,105

8,806

700

* Figures shown from the previous year in the Marine Products Business have been converted into the changed segment in line with ourbusiness segment reconfiguration.

Status by Segment
Logistics Business

1,599（0.6％）

Logistics Business

289

Other
527

（2.7％）

Processed FoodBusiness

Processed FoodBusiness

65,6342,613（25.1％）(Millions of yen)
Proportion of total
in parentheses
Other
170

（24.7％）Net Sales
261,604

Marine Products
Business

127,694

Operating profit
8,806（48.8％）
Freshfoods
Business

66,147（25.3％）

Marine Products
Business
Freshfoods
Business

5,001（47.4％）

2,485（23.5％）* Excluding adjustment of -1,753 million yen.
Total profit for the segment before subtracting the adjustment was 10,559 million yen

Status by Segment➢ Marine Products Business(Millions of yen)

140,000

Net sales

profit139,058

6,000[Lower sales, higher profit]

127,694(Domestic sales)

5,001

120,000•Sales decreases, primarily in main fish varieties such as salmon andshrimp.

4,000
100,000•Earnings improved significantly due to bullish market sentiment in thesecond half of the fiscal year and strong sales of high-priced items in the
year-end shopping season.
80,000

2,740

2,000

(Overseas business)• In exports, sales of blueback fish increased with the weak yen, sales ofscallops which are a main product for China decreased significantly.

0

60,000
FY2022

FY2023• Local sales overseas decreased as inventories of raw materials forprocessing in China did not move.
* See reference materials page 31: Sales weight and unit price of each seafood type by year

＜Sales weight and unit price of eachseafood type by year ＞(tons)(yen/kg)
1,500

32,000

Domestic &international
producers

Purchasing
Processing
Sales

Mass-market retailers
Restaurant industry
Food manufacturers
Wholesale market
Processing business
operators(including overseas sales)＊Unit prices=Averagefor each fiscal year

Salmonand trout

28,0001,200

24,000

Shimp
Weight20,000900

Salmonand trout

16,00012,000

FY2022

FY2023

600

Shimp
Unit
Price

Status by Segment➢ Freshfoods Business[Lower sales, lower profit](Millions of yen)

Net sales

10,00074,00072,5888,000

70,000•Earnings improved for raw food products such as sushi toppings due toeffects of price revisions and other factors, despite a decrease in sales
volumes resulting from higher prices.
•Sales of tuna declined significantly due to falling consumption related
to price fatigue starting the year before last, which also combined witha market decline resulting in lower earnings.

(Overseas purse seine fishing business)

5,406

66,0006,000

66,147

4,000
2,485

62,0002,000

58,000• Sales and profits decreased due to lower catch volumes.

Profit0
FY2022

FY2023(Aquaculture business)• Sales of Japanese farmed bluefin tuna grew year-on-year but rising
feed costs and other factors squeezed earnings.
* See reference materials pages 32-33: “Bluefin tuna farming business Salesand “Overseas purse seine fishing business: Catch weight & fish prices.”

weight･amountsushi toppings

Southern bluefin tuna

Japanese farmed tuna

catching skipjack by overseas
purse seine fishing vessel

Status by Segment➢ Processed Food Business[Higher sales, higher profit](Millions of yen)

Net sales

70,00065,634(Frozen foods for industrial use)
•Sales of products such as shrimp fritters and imitation crab meat expanded.

2,613(Canned)•Sales decreased due to factors such as higher prices of canned mackerel resulting
from poor catches.

3,000
2,600

58,68460,0002,200(Frozen foods for home use)
•Sales grew for products such as simmered and grilled fish and fried products
for bento boxed lunches.

profit50,000

1,800
1,400

40,000
1,000
801

600

30,000
FY2022(Snacks/delicacies)

FY2023•Sales reached a similar level to the previous year via sales mainly of high-added-value
products.
[Overall] Right-pricing of products to reflect cost increases became instilled, as significant
increases in earnings concurrent with lower sales volumes due to higher prices could be seen.
* See reference materials page 34: Breakdown of sales in Processed Food businessshrimp fritters

Frozen foods forhome use

imitation crab meat
[Ocean King]

CannedSnacks/delicacies

Status by Segment➢ Logistics Business(Millions of yen)

1,700

1,599

[Higher sales, higher profit](Cold storage business)

1,400•Storage earnings increased as storage capacity ratio remained at ahigh level.

1,100•Sales grew due to price revisions reflecting cost increases.

Net sales

289

1,361

400

300

200

203

800

100

500

(Consigned forwarding business)

Profit0
FY2022

FY2023•Sales grew due to increasing orders received from external partners.

Cold storage
Jonanjima cold
storage facility

Tokyo cold
storage facility

Fukuoka cold storage facility
Cold storage business [KYOKUYO AKITSU REIZO CO., LTD.]

Performance Forecast by Segment➢ Target for FY2024(Millions of yen)

Marine Products
Business

１５６，０００５，８００Freshfoods Business

７０，０００２，７００Processed FoodBusiness

７２，０００２，９００

Logistics Business

１，６００

２００

Other

４００

－１，６００

Total

３００，０００

１０，０００Measures by Segment for FY2024【Marine Products Business】⚫ Grow sales volume through stronger collaboration between procurement& sales departments⚫ Bolster access to resources by finding new suppliers⚫ Add more overseas production & sales sites to advance overseas businessexpansion【Freshfoods Business】⚫ Leverage the strength of integrating raw food products business andTuna business to expand sales channels⚫ Improve the profitability of the Aquaculture businessMeasures by Segment for FY2024【Processed Food Business】⚫ Secure stable earnings with a focus on sales of products
from our own plants⚫ Increase our product power with sights set on consumer needs【Logistics Business】⚫ Make deliveries more efficient by consolidating cargo to address
Japan’s “2024 Problem” driver shortage⚫ Grow sales by improving the stock turnover rate of our cold storageReference Materials

Reference Materials (1)Marine Products Business ＜Non-consolidated＞
Sales weight and unit price of each seafood type by year
(tons)(yen/kg)

60,0001,600＊Unit prices=Averagefor each fiscal year

1,400

50,0001,200

Salmon and
trout

1,000

Nothern ocean
fish

40,000WeightShrimp30,000800
600

20,000400

Salmon and
trout

Unit priceNothern ocean
fish
Shrimp10,000200
0FY2019FY2020

FY2021

FY2022

FY20230* The company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc., from the beginning of the firstquarter of fiscal year ended March 31, 2022. As a result, regarding paid supply transactions, if we are obliged to buy back the supplied items, we have changed
to the method of not recognizing the disappearance of the supplied items. The figures from the fiscal year ended March 31, 2022 are figures after theapplication of this accounting standard and related adjustments.

Reference Materials (2)Freshfoods Business Segment
Bluefin tuna farming business Sales weight･amount(tons)

WeightAmount (Millions of yen)

1,000

2,500

900
800

2,000

700

1,500

600
500
400

1,000

300
200

500

100
0

0
FY2019FY2020

FY2021

FY2022

FY2023Reference Materials (3)Freshfoods Business Segment
Overseas purse seine fishing business, Catch weight & fish prices＊Price＝at the end of each fiscal year

(tons)（yen/kg）
40,000300

WeightSeafood price

35,000280

30,000260

25,000240

20,000220

15,000200

10,000

180

5,000

160

0

140
FY2019FY2020

FY2021

FY2022

FY2023Reference Materials (4)Breakdown of sales
in Processed Food Business

FY2023（65.634 billion yen ）FY2022 （58.684 billion yen ）By temperature range

By industry type
■ Frozen Food Business■ Shelf-Stable Food Business■For industrial use■ For home use

100%
90%

80%

15.7
billion（27％）

15.6
billion（24％）

42.9
billion（73％）

50
billion
（76％）

70%
60%

50%
40%

Approx.
50%

Approx.
50%

Approx.
50%

Approx.
50%

30%
20%
10%

FY2022

FY20230%
FY2022

FY2023* Figures displayed for the year ended March 31, 2023 have been converted to the changed segments.

Reference Materials (5)ESG Topics➢ Sponsorship of the Japan Canoe Federation
We support the activities of Japanese national team athletes and the Japan Canoe Federation as part ofenvironmental conservation activities that convey to society “the concept of coexisting with nature” and“the importance of water resources.” We also held the Clean River Activity, a cleaning activity near thecompetition course, with participation from visitors to the site. There were 247 participants in FY2023.

➢ Rescue operation by overseas purse seiner crew [July]
The Wakaba Maru No. 7 purse seiner owned by Kyokuyo Suisan Co., Ltd. rescued 14 citizens ofPapua New Guinea who were in distress while sailing off the shores of Papua New Guinea.

➢ Information disclosures according to the TCFD recommendations [August]Analyzing the risks and opportunities that climate change presents to our business activities anddisclosing the results of measures considered to address them, based on the recommendations of
the Task Force on Climate-related Financial Disclosures (TCFD)*.

➢ Kyokuyo Group issues 2023 edition of Integrated Report [September]
The report shares progress on the Medium-term Business Plan plus forecasts, long-term outlook, and ESG subjects.
This year’s report contains a “Message from an Outside Director” for the first time and expresses the multifaceted
viewpoints of outside directors while painting the picture of our changing company in the pursuit of new growth.

➢ Joined the Global Sustainable Seafood Initiative (GSSI) [October]
We joined the activities of the GSSI as a company operating globally and engaging in the sustainable use of aquatic resources.
(GSSI: A non-profit organization that ensures the reliability of certified seafood based on the fishing industry-related guidelines of the Foodand Agriculture Organization (FAO) of the United Nations, and engages in efforts to improve the sustainability of seafood from a global
perspective)Reference Materials (6)ESG Topics➢ Conducted the Kyokuyo Group Marine Resources Survey [October]
Conducted for the purpose of evaluating our group’s procurement situation, understanding the issues, and taking appropriate measures toaddress those issues. Survey results were published on our website.

➢ At-School Lesson [December]
We participated in an at-school lesson organized by the Japan Fisheries Association with the aim of getting
children interested in the Marine products industry and fish. At a lesson attended by 141 second-year
junior high school students, we gave a lecture with the theme of “Let’s Eat the Whole Fish Without Any
Waste.”➢ Supported disaster areas and victims of the Noto Peninsula Earthquake [January]
We provided 10 million yen in donations to the Japanese Red Cross Society for them to help with disaster relief activities andrestoration of the disaster areas of the earthquake.
We also donated canned goods (approx. 5 million yen in value) as disaster relief supplies.

➢ Acquired Marine Eco-Label certification for farmed red sea bream, Yellowtail, and yellowtail crossbreed“burihira” [January]
Our subsidiary Kuroshio Suisan Co., Ltd. acquired Marine Eco-Label (MEL) certification for the farming of red sea bream, yellowtail, and“burihira” .
(MEL: An internationally-recognized marine eco-label that certifies fishing and fish farming producers who are actively engaged in the sustainable use of aquatic
resources and management that takes conservation of the environment and ecosystems into consideration, as well as business operators who process anddistribute seafood from such producers.)

red sea bream

Yellowtail

burihiraReference Materials (7)➢ Consolidated Performance by Year

(Millions of yen)

FY2019FY2020

FY2021

FY2022

FY2023

Net sales

262,519

249,197

253,575

272,167

261,604

Cost of sales

238,274

223,620

225,558

241,139

228,213Gross profit

24,24525,57628,01631,02733,390

Selling &generaladministrative
expenses

21,326

20,91821,62422,921

24,584

Operating profit

2,918

4,657

6,392

8,105

8,806

Ordinary profit

3,608

4,879

6,904

8,182

8,856

Extraordinary
profit

68

1,676

50

353

1,994

Extraordinary
loss

664

934

229

132

2,295

Profitattributable toowners of parent

2,037

3,838

4,634

5,782

5,936

Reference Materials (8)➢ Consolidated Financial Metrics by Year
FY2019FY2020

FY2021

FY2022

FY2023(millions of yen)

32,59339,97542,17446,96658,860Interest-bearing
debt

55,17351,174

58,121

68,97374,625Inventory
turnover period

45.9days

46.7days

55.5days

65.5days

78.1days

Equity ratio

29.4%

34.7%

32.7%

32.5％

36.7%

ROE

6.3%

10.5%

11.2%

12.8％

11.1％

ROA

3.2%

4.3%

5.6%

5.9％

5.8％

Net assets
per share (yen)3,046.26yen

3,753.90yen

3,969.73yen

4,436.27yen

4,965.39yen

Net income
per share (yen)188.53yen

356.95yen

430.83yen

539.10yen

548.61yen

Net assets(millions of yen)•

ROE: Profit attributable to owners of parent / equity*•

ROA: Ordinary profit / total assets*•

Inventory turnover period: Commercial product inventory balance* / net sales x 365•

Equity ratio: Equity / total assets* Averages of values at end of this year and end of previous year.

Notes of Caution Regarding Forecasts
These materials are created with the purpose of providing information about performance as
at March 31, 2024 and our future management vision.
Earning forecasts and estimates in these materials are based on the information currently
available and include potential risks and uncertainties.
Therefore, please note that actual results may differ from these forecasts due to various
factors.

Contact for questions about these materials
Stakeholder Relations Department, Kyokuyo Co., Ltd.
Phone: +81 (0)3-5545-0703
Kyokuyo Co., Ltd. created these materials and owns all rights pertaining to the content therein. Please refrain from copying or reprinting without permission.