Translation

Revised on May 2, 2024

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 Year Ended February 29, 2024
(Based on Japanese GAAP)
April 12, 2024
Company name:

IDOM Inc.

Stock exchange listing: Tokyo
Stock code:
7599
Representative:
Inquiries:

URL

https://221616.com

President
Director CFO

Yusuke Hatori
Ryo Nishihata

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

May 28, 2024
May 29, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

May 29, 2024
Yes

Holding of financial results meeting:

Yes

TEL

050-1749-8962(for analysts and institutional investors)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended February 29, 2024 (from March 1, 2023 to February 29, 2024)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended February 29, 2024
419,852
0.8
16,117(13.7)
15,826(12.8)
11,442(19.5)
Year ended February 28, 2023
416,514(9.4)
18,684
1.1
18,146
3.3
14,205
31.6
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetssales
parent/equity
Yen
%
%
%
–
17.5
8.9
3.8
–
24.5
10.0
4.5

Diluted earnings per
share

Earnings per share
Yen
113.96141.48Year ended February 29, 2024
Year ended February 28, 2023
(2) Consolidated financial position

Total assets
As of February 29, 2024
As of February 28, 2023

Net assets

Equity ratio

Millions of yen
184,031
173,293

Millions of yen
69,93062,702

Cash flows fromoperating activities
Millions of yen
9,648
2,275

Cash flows frominvesting activities
Millions of yen(8,367)(166)

Net assets per share
%
37.5
35.8

Yen
687.34618.34(3) Consolidated cash flows

Year ended February 29, 2024
Year ended February 28, 2023

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(8,230)30,548(10,634)
37,473

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended February 28, 2023
Year ended February 29, 2024
Year ending February 28, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–
–

16.20
14.41

–
–

26.30
19.78

42.50
34.19

4,267
3,432

30.0
30.0

7.4
5.2

–

20.02

–

20.61

40.63

1

30.0

3. Forecast of consolidated financial results for the year ending February 28, 2025 (from March 1, 2024 to February 28, 2025)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
223,200
9.6
10,100
42.3
9,850
42.4
6,700
38.9
66.73
August 31, 2024
Full year
456,500
8.7
20,30026.0
19,80025.1
13,60018.9
135.45
4. Notes(1) Changes in significant subsidiaries during the year ended February 29, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 29, 2024

106,888,000 shares As of February 28, 2023

106,888,000 shares

Number of treasury shares at the end of the period
As of February 29, 2024

6,480,691 shares As of February 28, 2023

6,480,651 shares

100,407,339 shares Year ended February 28, 2023

100,407,349 shares

Average number of shares during the period
Year ended February 29, 20242

1. Overview of Operating Results, Etc.
(1) Analysis of operating results
In the fiscal year under review (March 1, 2023 February 29, 2024), total unit sales at directly managed stores in Japan were268,844 (up 8.7% year on year). Retail unit sales to consumers reached a record high of 144,487 (up 6.6% year on year). In addition,
gross profit per retail unit stood at an average of 410,000 yen on a full-year basis, maintaining the level in the previous year.
Wholesale unit sales to business operators were 124,357 (up 11.2% year on year) partly due to solid auto auction market prices, anda record high total unit sales of 268,844 was achieved. This is an aggregation of retail unit sales and wholesale unit sales. Retail unit
sales were 53.7% of total unit sales while wholesale unit sales were 46.3%. Retail gross profit was approximately 80% of nonconsolidated gross profit which totaled 71,062 million yen.
Selling, general and administrative expenses increased, chiefly reflecting higher advertising expenses linked to the opening of large
stores and higher personnel expenses due to a rise in the number of employees as the result of increased new hiring for the
implementation of growth strategies and recruitment costs.
As a result of the above, the consolidated business results for the fiscal year under review were net sales of 419,852 million yen(up 0.8% year on year), operating profit of 16,117 million yen (down 13.7%), ordinary profit of 15,826 million yen (down 12.8%)
and profit attributable to owners of parent of 11,442 million yen (down 19.5%).
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 417,031 million yen (up 12.9% year on year) and segment profit (operating
profit) of 16,076 million yen (down 7.8% year on year). Selling, general and administrative expenses increased due to investments
for growth. Despite net sales increased due to strong business performance at large stores, the Japan segment recorded higher
revenue and lower profit.
II. Others
The results of the Other (Differences) segment were net sales of 2,820 million yen (up 17.7% year on year) and segment profit(operating profit) of 43 million yen (down 38.8% year on year).
The Australia segment has been excluded from the scope of consolidation, because all equity shares in the Australian subsidiarywere sold in the previous consolidated fiscal year.
Outlook for the Next Fiscal YearThe forecasts for the next fiscal year are based on the following assumptions.
(i) Japan
The Company will steadily take steps to improve price setting and increase incidental earnings associated with retail sales in thenext fiscal year. By doing so, it expects to increase gross profit per retail unit.
Furthermore, retail unit sales are expected to rise year on year due to the opening of 15 large capital efficiency-focused stores in
the next fiscal year, as well as the contributions of large stores opened in or before the previous fiscal year.
(ii) Others
It had been assumed that IDOM Innovations Pty Ltd., which researches and develops new services in Australia, would be
included in consolidated results in the fiscal year under review. The Company, however, decided not to include IDOM Innovations
Pty Ltd. in the scope of consolidation due to the materiality of the business. It is assumed that this scope of consolidation will
apply in the next fiscal year.
Based on the above assumptions, the Company forecasts that in the next fiscal year, it will post net sales of 456,500 million yen,operating profit of 20,300 million yen, ordinary profit of 19,800 million yen and profit attributable to owners of parent of 13,600
million yen.
(2) Analysis of financial position
Status of assets, liabilities and net assets(Assets)
As of the end of the fiscal year under review, total assets stood at 184,031 million yen (up 6.2 % compared to the end of theprevious fiscal year).
Current assets were 134,281 million yen (up 2.1% compared to the end of the previous fiscal year), due primarily to an increasein notes and accounts receivable - trade (up 8,703 million yen), despite a decrease in cash and deposits (down 6,925 million yen).
Non-current assets were 49,749 million yen (up 19.0% compared to the end of the previous fiscal year) chiefly due to an increasein buildings and structures (up 4,330 million yen).
(Liabilities)
As of the end of the fiscal year under review, total liabilities were 114,101 million yen (up 3.2% compared to the end of theprevious fiscal year).
3Current liabilities stood at 63,327 million yen (down 1.3% from the end of the previous fiscal year) due primarily to a fall in thecurrent portion of long-term borrowings (down 7,845 million yen).
Non-current liabilities were 50,773 million yen (up 9.4% compared to the end of the previous fiscal year) due to an increase inlong-term borrowings (up 3,700 million yen), among other factors.
(Net assets)
As of the end of the fiscal year under review, total net assets amounted to 69,930 million yen (up 11.5% compared to the end of
the previous fiscal year), largely due to an increase in retained earnings (up 7,355 million yen).
Status of cash flows
Cash and cash equivalents (hereinafter, "cash") for the fiscal year under review were 30,548 million yen, a decrease of 6,925
million yen (down 18.5%) compared to the end of the previous fiscal year.
The status of cash flows for FY2024 and respective relevant cash flows are as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was 9,648 million yen.
This was mainly attributable to profit before income taxes of 15,664 million yen and depreciation of 2,890 million yen and anincrease in trade receivables of 7,846 million yen.
(Cash flows from investing activities)
Net cash used in investing activities was 8,367 million yen.
This mainly reflected 7,507 million yen used for purchase of property, plant and equipment.
(Cash flows from financing activities)
Net cash used in financing activities was 8,230 million yen.
This mainly reflects 20,000 million yen of proceeds from long-term borrowings and 24,145 million yen for the repayment oflong-term borrowings.
(Reference) Changes in cash flow indicators
FY2020

FY2021

FY2022

FY2023

FY2024Equity ratio (%)

22.9

24.8

28.5

35.8

37.5

Shareholders' equity (mark-tomarket) ratio (%)

28.3

35.1

34.8

49.1

49.4

Debt redemption years

6.7

4.1

9.5

29.5

6.6

Interest coverage ratio

10.2

18.6

9.0

3.7

27.6

Notes:
1. Breakdown of each indicator
Equity ratio = Shareholders' equity/Total assets
Shareholders’ equity (mark-to-market) ratio = Market capitalization/Total assets
Debt redemption years = Interest bearing debt/Operating cash flow
Interest coverage ratio = Operating cash flow/Interest payments
2. Each index is calculated from consolidated figures.
3. Market capitalization is calculated using the following formula: closing share price at period-end x number ofshares issued (excluding treasury stock)(3) Basic Policy on Profit Distribution and Dividends for Fiscal Years Ended February 2024 and Ending February 2025
(i) Basic policy on dividends and targets
The Company adopted performance-linked dividends as its dividend policy, based on which dividends are determined in sync
with consolidated results. In principle, the Company will use 30% of profit attributable to owners of parent in the current fiscal
year as total dividends for the determination of dividends per share for the current fiscal year.
(ii) Dividends for the fiscal year under review
Under the policy above, annual dividends per share for the fiscal year under review will be 34.19 yen (14.41 yen at the end of thefirst half and 19.78 yen at the end of the fiscal year).
(iii) Dividends for next fiscal year
Based on the above, the Company has calculated dividends per share (forecast) for the next fiscal year based on profit
attributable to owners of parent in the fiscal year under review. It is planned that annual dividends per share for the next fiscal year
will be 40.63 yen (20.02 yen at the end of the first half and 20.61 yen at the end of the fiscal year).

42. Basic Policy for the Selection of Accounting Standards
In light of the convergence of Japanese GAAP and IFRS, the Group intends to create financial statements using Japanese GAAP
for the time being.

5Consolidated financial statements
Consolidated balance sheets
As of February 28, 2023

(Millions of yen)
As of February 29, 2024

37,473
3,927
84,432
6,173(528)
131,478

30,548
12,631
85,994
5,606(498)
134,281

41,306(16,873)
24,433
236
(148)
88
5,077
(3,362)
1,715
136
67
–
26,44147,376(18,611)28,764
2,214
(186)
2,027
5,735
(3,734)
2,000
136
683
217
33,829

1,300
86
2
1,389

1,249
78
2
1,330

0
29
76
5,045
3,955
4,435
449
(6)
13,984
41,815173,293

0
29
1,574
5,514
3,537
3,471
464
(2)
14,58949,749184,031

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Other
Total property, plant and equipment
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of February 28, 2023

(Millions of yen)
As of February 29, 2024

4,822
24,145
3,812
864
25,336
309
897
342
3,635
64,165

5,783
16,3004,151
2,556
26,809
247
1,046
48
6,384
63,32743,000
599
2,643
183
46,426
110,591

46,700
679
3,085
308
50,773
114,101

4,157
5,250
56,738(4,344)61,801

4,157
4,726
64,093(4,344)
68,631

284
284
147
468
62,702
173,293

381
381
10
906
69,930184,031

Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Contract liabilities
Deposits received
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

7

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
Fiscal year ended
February 28, 2023
February 29, 2024
Net sales
416,514419,852
Cost of sales
341,964
346,519
Gross profit
74,54973,333
Selling, general and administrative expenses
55,86557,216
Operating profit
18,684
16,117
Non-operating income
Interest income
107
189
Subsidy income
26–
Reversal of allowance for doubtful accounts
–
14
Other
67
59
Total non-operating income
202
264
Non-operating expenses
Interest expenses
571
350
Foreign exchange losses
71
131
theft loss
87
52
Other
9
20
Total non-operating expenses
739
554
Ordinary profit
18,146
15,826Extraordinary income
Gain on sale of non-current assets
54
14
Gain on sale of shares of subsidiaries and associates
795–
Gain on liquidation of subsidiaries
19–
Subsidy income
91
83
Other
48
13
Total extraordinary income
1,008
110
Extraordinary losses
Loss on retirement of non-current assets
222
76
Impairment losses
103
109
Information security expenses
–
81
Other
76
4
Total extraordinary losses
402
273
Profit before income taxes
18,752
15,664
Income taxes - current
2,859
3,344
Income taxes - deferred
1,621
964
Total income taxes
4,480
4,308
Profit14,272
11,355
Profit (loss) attributable to non-controlling interests
67(87)
Profit attributable to owners of parent
14,205
11,4428

Consolidated statements of comprehensive income

ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

9

Fiscal year ended
February 28, 2023
14,272(Millions of yen)
Fiscal year ended
February 29, 2024
11,355303
303
14,57697
97
11,452

14,321

11,540255(87)

Consolidated statements of changes in equity
Fiscal year ended February 28, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

4,157

Retained earnings

4,361

Cumulative effects of changes inaccounting policies
Restated balance

Total shareholders'equityTreasury shares

49,673(4,344)(5,288)
4,157

4,361

44,38453,847(5,288)(4,344)48,558Changes during period
Dividends of surplus(1,857)(1,857)

Profit attributable to owners ofparent14,205

14,205Purchase of treasury shares(0)Change in scope of consolidation

23

Change in ownership interest ofparent due to transactions with noncontrolling interests

866

(0)

6

29
866

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–
–

889

12,354(0)

13,243

4,157

5,250

56,738(4,344)61,801

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of period

168

168

Share acquisitionrightsNon-controllinginterests–

1,693

Cumulative effects of changes inaccounting policies
Restated balance

Total net assets

55,709(5,288)

168

168

–

1,693

50,420Changes during period
Dividends of surplus(1,857)

Profit attributable to owners ofparent14,205Purchase of treasury shares(0)Change in scope of consolidation

29

Change in ownership interest ofparent due to transactions with noncontrolling interests

866

Net changes in items other thanshareholders' equity

115

115

147

(1,224)(961)

Total changes during period

115

115

147

(1,224)

12,281

Balance at end of period

284

284

147

468

62,70210

Fiscal year ended February 29, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

4,157

Retained earnings

5,250

56,738

Total shareholders'equityTreasury shares(4,344)61,801

Changes during period
Dividends of surplus(4,087)(4,087)

Profit attributable to owners ofparent11,442

11,442

Purchase of treasury shares(0)Change in ownership interest ofparent due to transactions with noncontrolling interests

(524)

(0)
(524)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–
–

(524)

7,355

(0)

6,830

4,157

4,726

64,093(4,344)

68,631

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of period

284

284

Share acquisitionrights147

Non-controllinginterests
468

Total net assets

62,702

Changes during period
Dividends of surplus(4,087)

Profit attributable to owners ofparent11,442

Purchase of treasury shares(0)Change in ownership interest ofparent due to transactions with noncontrolling interests
Net changes in items other thanshareholders' equity

(524)

97

97

(137)

437

397

Total changes during period

97

97

(137)

437

7,227

Balance at end of period

381

381

10

906

69,93011

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
February 29, 2024

Fiscal year ended
February 28, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
yyyInterest and dividend income
Share-based payment expenses
Interest expenses
Foreign exchange losses (gains)
Subsidy income
Loss on retirement of non-current assets
Loss (gain) on sale of shares of subsidiaries andassociates
Impairment losses
Loss (gain) on liquidation of subsidiaries
Information security expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in accounts receivable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Subsidies received
Information security expenses paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Payments of construction assistance fund receivables
Proceeds from collection of construction assistancefund receivables
Proceeds from sale of shares of subsidiaries resulting
in change in scope of consolidation
Proceeds from liquidation of subsidiaries
Other, net
Net cash provided by (used in) investing activities

12

18,7522,581
110(1,067)
197
(884)
(107)
143
571
576
(91)
222

15,664
2,890
7
148
(34)
–
(189)
(137)
350
99
(83)
76

(795)

–

103
(19)
–
4,660
(24,349)

109–
81(7,846)(3,559)

96

–

708
179
1,847
431
431
3,009
7,309
107
(571)
(4,661)
91
–
2,275

(52)
2,328
959
677
298
61
11,851189(341)(2,002)
83
(131)
9,648

(5,441)
85
(402)
(29)
(2,910)138(834)(7,507)
35
(701)
(110)
(736)
1,017
(630)

196

162

(115)

(10)

450

428

8,597

–

119
(21)
(166)

–
(312)
(8,367)

(Millions of yen)
Fiscal year ended
February 29, 2024

Fiscal year ended
February 28, 2023
Cash flows from financing activities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Proceeds from issuance of share acquisition rights
ppp
Proceeds from share issuance to non-controllingshareholders
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

13–(10,169)(0)3(1,856)20,000(24,145)(0)–(4,085)

1,387–(10,634)(8,230)328

24(8,196)45,67037,473(6,925)37,47330,548

Non-consolidated financial statements
Non-consolidated balance sheets
As of February 28, 2023

(Millions of yen)
As of February 29, 2024

35,393
7,497
80,978
45
1,413
4,588
(691)
129,225

28,99012,674
81,721
46
1,646
3,105
(615)
127,569

19,867
4,486
88
1,683
136
67
26,327

23,238
5,431
42
1,972
136
683
31,504

1,206
0
1,206

1,103
0
1,103

0
690
3

0
690
0

2,486

7,742

6
297
5,005
3,955
4,467
133
(18)
17,02844,562
173,787

2
320
5,470
3,537
3,415
137
(2)
21,31453,922
181,492

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise
Supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
VehiclesTools, furniture and fixtures
Land
Construction in progress
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Long-term loans receivable from subsidiaries
and associates
Distressed receivables
Long-term prepaid expenses
Leasehold and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

14

As of February 28, 2023

(Millions of yen)
As of February 29, 2024

4,785

5,758

545

678

24,690
3,172
636
817
548
1,639
25,305
3,358
896
342
1,370
68,10816,300
3,645
294
2,543
2,818
1,881
26,678
440
1,009
48
1,309
63,40742,454
599
2,605
183
45,842
113,950

46,700
679
3,045
183
50,608114,015

4,157

4,157

4,032
4,032

4,032
4,032

354

763

55,48955,844(4,344)
59,689147
59,836
173,787

62,85863,621(4,344)
67,466
967,476
181,492

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings from subsidiaries andassociates
Current portion of long-term borrowings
Accounts payable - otherAccounts payable - facilities
Income taxes payable
Accrued consumption taxes
Accrued expenses
Contract liabilities
Deposits received
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Share acquisition rights
Total net assets
Total liabilities and net assets

15

Non-consolidated statements of income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Salaries and allowances
Provision for bonuses
Depreciation
Rent expenses on land and buildings
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Reversal of allowance for doubtful accounts
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
theft loss
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on extinguishment of tie-in shares
Gain on sale of shares of subsidiaries and associates
Gain on sale of non-current assets
Gain on liquidation of subsidiaries
Subsidy income
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Information security expenses
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit16

Fiscal year ended
February 28, 2023
366,069
301,226
64,842(Millions of yen)
Fiscal year ended
February 29, 2024
413,206
342,143
71,062

6,974
12,698
515
2,374
9,798
185
15,882
48,43016,412

7,895
14,131686
2,400
10,749(61)
18,531
54,333
16,729

141
–
14
155

206
26
29
262

415
64
87
2
569
15,998

380
137
52
17
588
16,404

5,035
2,871
54
19
91
48
8,119

–
–
14
–
83
6
103

229
103
–
76
408
23,709
2,118
1,571
3,689
20,020

74
109
81
3
268
16,239
3,322
1,052
4,374
11,864