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 Nine Months Ended November 30, 2023
(Based on Japanese GAAP)
January 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

TEL

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

January 15, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yes
No050-1749-8962(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2023 (from March 1, 2023 to November 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parentMillions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended November 30, 2023
307,710(5.1)
10,829 (23.3)
10,597 (22.6)
7,237 (35.5)
Nine months ended November 30, 2022
324,248(5.9)
14,115(4.4)
13,698(2.5)
11,21928.4
Earnings per share

Diluted earnings per share

Yen
72.08
111.74

Nine months ended November 30, 2023
Nine months ended November 30, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
164,490
173,293

As of November 30, 2023
As of February 28, 2023

Equity ratio

Millions of yen
66,07462,702

Net assets per share
%
39.7
35.8

Yen
651.15618.34

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
16.20
14.41

Yen––

Yen
26.30

Yen
42.50

18.75

33.16

Year ending February 29, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 29, 2024 (from March 1, 2023 to February 29, 2024)
Net sales
Full year

Millions of yen
422,000

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
1.3
17,000(9.0)
16,600(8.5)
11,100 (21.9)
110.551

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 2023

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 November 30, 2023

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

6,480,651 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2023

100,407,348 shares Nine months ended November 30, 2022

2100,407,350 shares

1.

Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the third quarter of the fiscal year under review (March 1 to November 30, 2023), retail unit sales at directly managed stores in Japan were106,483, (up 3.4% year on year). This mainly owed to the commencement of operation of large stores opened in the previous fiscal year androbust retail unit sales at existing large stores. Gross profit per unit on a retail basis increased approximately 10,000 yen
from a year ago, to 400,000 yen, attributable to the curbing of discounts on vehicle prices.
Consolidated selling, general and administrative expenses increased year on year. Selling, general and administrative expenses at the parentcompany increased from a year ago. This was mainly because of increases in personnel expenses and recruitment fees associated with a rise in thenumber of limited-term employees in preparation for the opening of large stores in the latter half of the fiscal year under review and the next fiscal
year, advertisement expenses for sales promotion and rent expenses on land and buildings due to an increase in the number of large stores.
Consolidated operating profit fell 3,286 million yen compared to a year ago, reflecting changes in gross profit and selling, general andadministrative expenses. Although the Company worked to increase gross profit despite the increase in selling, general and administrative
expenses for future growth, retail unit sales were not sufficiently higher than the plan.
As a result of the above, the consolidated business results for the first nine months under review were net sales of 307,710 million yen (down5.1% year on year), operating profit of 10,829 million yen (down 23.3%), ordinary profit of 10,597 million yen (down 22.6%), and profit
attributable to owners of parent of 7,237 million yen (up 35.5%).
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 305,460 million yen (up 10.0% year on year) and segment profit (operating profit) of
10,742 million yen (up 16.3% year on year). The Japan segment recorded higher revenue and lower profits, primarily due to increases in retailunit sales and SG&A expenses.
II. Others
The results of the Other (Differences) segment were net sales of 2,249million yen (up 19.7% year on year) and segment profit (operatingprofit) of 82 million yen (up 1.3% year on year).
The Australia segment has been excluded from the scope of consolidation, because all equity shares in the Australian subsidiary were sold in theprevious consolidated fiscal year.
(2) Analysis of financial position
AssetsTotal assets as of the end of the first nine months ended November 30, 2023 were 164,490 million yen (down 5.1% compared to the end of theprevious fiscal year).
Current assets were 118,960 million yen (down 9.5% compared to the end of the previous fiscal year), due primarily to an increase in notes
and accounts receivable - trade (up 5,288 million yen), despite a decrease in cash and deposits (down 16,367 million yen).
Non-current assets were 45,530 million yen (down 8.9% from the end of the previous fiscal year), mainly reflecting increases in constructionin progress (up 2,400 million yen) and long-term loans receivable (up 1,361 million yen).
Liabilities
Total liabilities as of the end of the first nine months ended November 30, 2023 were 98,415 million yen (down 11.0% compared to the end of
the previous fiscal year).
Current liabilities stood at 62,905 million yen (down 2.0% from the end of the previous fiscal year) due to a fall in contract liabilities (down2,205 million yen) and the current portion of long-term borrowings (down 3,700 million yen from the end of the previous fiscal year).
Non-current liabilities were 35,510 million yen (down 23.5% compared to the end of the previous fiscal year) due to a fall in long-termborrowings (down 11,300 million yen), among other factors.
Net assetsTotal net assets as of the end of the first nine months ended November 30, 2023 were 66,074 million yen (up 5.4% compared to the end of theprevious fiscal year) due chiefly to an increase in retained earnings (up 3,149 million yen).
(3) Consolidated earnings forecast and other forward-looking statements
Personnel expenses under selling, general and administrative expenses are expected to continue to rise, as the number of new openings of large
stores is likely to increase in the latter half of the fiscal year under review and the next fiscal year compared to the previous forecast.
3Moreover, although the Company used advertisement expenses to seek to increase retail unit sales, the resulting increase was not sufficientlyhigh.
In light of the above, we have revised our consolidated and non-consolidated performance forecasts.
For more details, please refer to “Notice on Revisions to the Full-Year Business Results Forecasts and Year-End Dividend Forecast”
announced today (January 12, 2024).

4

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 28, 2023

(Millions of yen)
As of November 30, 2023

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

21,106
9,216
83,9785,400(741)
118,960

41,306(16,873)
24,433
236
(148)
88
5,077
(3,362)
1,715
136
67
–
26,44142,819(18,098)
24,720
214
(161)
52
5,410
(3,631)
1,779
136
2,467
259
29,416

1,300
86
2
1,389

1,248
80
2
1,330

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

0
29
1,437
5,408
3,643
3,834
438
(9)
14,78245,530164,490

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, netVehicles
Accumulated 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 receivableLeasehold 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

5

As of February 28, 2023

(Millions of yen)
As of November 30, 2023

4,822
24,145
3,812
864
25,336
309
897
342
3,635
64,1654,500
20,445
4,484
1,837
23,131
356
324
66
7,760
62,90543,000
599
2,643
183
46,426
110,591

31,700
668
2,796
345
35,51098,4154,157
5,250
56,738(4,344)61,801

4,157
5,250
59,887(4,344)64,951

284
284
147
468
62,702
173,293

429
429
255
438
66,074
164,490

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 surplusRetained 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

6

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
Nine months ended
November 30, 2022
November 30, 2023
Net sales
324,248
307,710
Cost of sales
267,921254,310
Gross profit
56,32653,399Selling, general and administrative expenses
42,211
42,570Operating profit
14,115
10,829Non-operating income
Interest income
72
149
Subsidy income
26–
Other
52
34
Total non-operating income
151
183
Non-operating expenses
Interest expenses
476
253
Foreign exchange losses
37
101
Other
53
59
Total non-operating expenses
567
415
Ordinary profit
13,698
10,597Extraordinary 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
16
6
Total extraordinary income
976
103
Extraordinary losses
Loss on retirement of non-current assets
92
22
Information security expenses
–131
Other
32
4
Total extraordinary losses
124
159
Profit before income taxes
14,550
10,542
Income taxes - current
3,099
2,733
Income taxes - deferred
149
600
Total income taxes
3,248
3,334
Profit11,301
7,207
Profit (loss) attributable to non-controlling interests
81(29)
Profit attributable to owners of parent
11,2197,237

7Consolidated statements of comprehensive income (cumulative)

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

8

Nine months ended
November 30, 2022
11,301(Millions of yen)
Nine months ended
November 30, 2023
7,207

349
349
11,650

144
144
7,352

11,381

7,382

269(29)