For the Fiscal Year Ended March 31, 2023

Annual Select® 2023

G-7 HOLDINGS Inc.
1-3, Yasakadai 2-chome, Suma-ku, Kobe-shi, Hyogo(Securities Code: 7508)+81-78-797-7700

Corporate Profile
The G-7 Group has achieved strong and steady growth of its Store Franchising Business, which initially centered on
franchise stores under the worldwide AUTOBACS brand of auto parts and accessories, and then made rapid progress withthe development of Gyomu Supers.
Today, the G-7 Group operates 79 AUTOBACS stores in and outside Japan and 183 Gyomu Supers, making it the largest
affiliated franchisee for both chains.
The G-7 Group has expanded to a wide range of businesses including the Car related Business, the Gyomu Super Business,
the Motorcycle Parts and Accessories Business, the Agricultural Business, the Mini-supermarket Business, and Overseas
Business.
In order to be a company that is worthy of the continued support of customers and shareholders, we will remain aggressive
about entering new markets as we endeavor to sustain growth over the long term.
We have formulated a new mid-term management plan with the term ending March 2026, the 50th anniversary of ourestablishment, as its final year, in which consolidated net sales of 250 billion yen and ordinary profit of 10 billion yen havebeen set as our numerical goals. To achieve this target, the G-7 Group has been opening new stores when the timing is rightand engaging in M&A opportunities. Going forward, we will continue to take on challenges geared toward attaining further
growth, through initiatives that include expanding sales channels by making the most of Group synergies and ramping up
store openings in Southeast Asia.

AUTOBACS & BIKEWORLD Old Klan Road, Malaysia

Gyomu Super Fusehata Inter, Kobe, JapanI. Summary of Selected Financial Data (Consolidated)

Net sales(Millions of yen)(Thousands of U.S. dollars)

Ordinary profit(Millions of yen)(Thousands of U.S. dollars)Profit attributable to ownersof parent(Millions of yen)(Thousands of U.S. dollars)

Comprehensive income(Millions of yen)(Thousands of U.S. dollars)

Net assets(Millions of yen)(Thousands of U.S. dollars)

Total assets(Millions of yen)(Thousands of U.S. dollars)

Net assets per share(Yen)(U.S. dollars)

Basic earnings per share(Yen)(U.S. dollars)

Diluted earnings per share(Yen)(U.S. dollars)

Equity ratio(%)

Return on equity (ROE)(%)

Price earnings ratio (PER)(Times)Net cash provided by (used in)operating activities(Millions of yen)(Thousands of U.S. dollars)

Net cash provided by (used in)investing activities(Millions of yen)(Thousands of U.S. dollars)

Net cash provided by (used in)financing activities(Millions of yen)(Thousands of U.S. dollars)

Cash and cash equivalents at
end of period(Millions of yen)(Thousands of U.S. dollars)

Number of employees[Separately, average numberof temporary employees]

44th term

45th term

46th term

47th term

48th term

Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

¥122,502¥132,642¥163,556¥168,525¥176,922$1,324,960

5,019

5,995

7,306

7,877

6,813

51,022

3,041

3,523

4,855

5,255

3,824

28,637

2,935

3,559

5,026

5,134

3,957

29,633

19,50222,01821,26324,74726,757200,381

44,69147,886

51,391

54,14557,202

428,383401.88453.67478.92558.17607.25

4.54

62.78

72.73

105.82

119.28

86.78

0.64

–

–

–

–

–

–

43.6

45.9

41.1

45.4

46.8

16.51

17.00

22.54

23.00

14.89

9.29

15.95

12.47

13.87

16.66

5,740

5,057

9,314

5,633

3,959

29,648(1,700)(2,615)(2,974)(3,245)(3,308)(24,773)

(803)

(506)

(6,555)(1,618)(1,996)(14,947)

14,51816,465

16,254

17,02815,683

117,449

1,659[3,471]

1,737[3,713]

1,962[5,670]2,054[5,667]2,023[5,399](Persons)

Notes: 1.
2.
3.

4.

U.S. dollar amounts are the yen equivalent, calculated for convenience only, at a rate of ¥133.53 = U.S. $1.
Diluted earnings per share is not provided since there are no potential shares.
The Company conducted a 2-for-1 stock split for common stock with an effective date of January 1, 2020 and a 2-for-1 stock
split for common stock with an effective date of October 1, 2021. The stated net assets per share and basic earnings per share
have been calculated on the assumption that these stock splits were conducted at the beginning of the 44th term.
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant ASBJ regulations from the beginning of the 47th term, and the key management indicators, etc. from the 47th term
onward are those after applying the accounting standard and relevant ASBJ regulations.

-1-II. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of
U.S. dollars)*(Millions of yen)
As ofMarch 31, 2022

As ofMarch 31, 2023

As ofMarch 31, 2023

17,033
3,992
6,854
1,627
(10)
29,49815,688
4,395
7,982
2,205
(13)
30,259117,486
32,91359,776
16,513(97)
226,608

23,207(14,830)
8,376
2,013
(1,554)
458
5,086
143
6,961
(5,289)1,672
15,73725,867(15,420)
10,446
2,015(1,579)
436
5,166
19
7,648
(5,792)
1,856
17,924

193,716(115,479)
78,22915,090(11,825)
3,265
38,687
142
57,275(43,376)
13,899134,232

437
294
731

16
276
292

119
2,066
2,186

417
5,525
2,133
274
(173)
8,177
24,64754,145

465
5,932
2,255
254
(181)
8,725
26,94357,202

3,482
44,424
16,887
1,902(1,355)65,341
201,774
428,383

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Leasehold and guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets* Please refer to the note 1 on page 1.

-2-

(Thousands of
U.S. dollars)*(Millions of yen)
As ofMarch 31, 2022

As ofMarch 31, 2023

As ofMarch 31, 2023

8,479
8,000
1,180
1,081
4,571
23,313

8,896
6,300
984
1,029
4,619
21,82966,62147,1807,369
7,706
34,591
163,476

1,300
42

3,000
42

22,466
314

731

78

584

2,192
807
1,010
6,084
29,398

3,792
767
934
8,615
30,44428,3985,744
6,994
64,517
227,993

1,785
2,905
20,415(0)25,106

1,785
2,783
22,566(0)27,135

13,367
20,841
168,995(0)203,212

203

251

1,879

(514)
(196)
(4)
(511)
152
24,74754,145

(514)
(169)
54
(378)
–
26,75757,202(3,849)(1,265)404(2,830)–200,381
428,383

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors(and other officers)
Asset retirement obligations
Retirement benefit liability
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
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets* Please refer to the note 1 on page 1.

-3-

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Commission income
Sponsorship money income
Subsidy income
Dividend income of insurance
Gain on sale of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on disposal of non-current assets
Provision of allowance for doubtful accounts
Corporate funeral expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Compensation income
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Impairment losses
Retirement benefits for directors (and other officers)
Loss on business of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent* Please refer to the note 1 on page 1.

-4-

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

168,525
126,215
42,30934,8607,448

176,922
133,568
43,35336,8486,504

1,324,960
1,000,284
324,668
275,952
48,708

1
4
156
167
23
96
79
179
709

1
6
164
247
2
–
10
90
523

7
44
1,228
1,849
14
–
74
674
3,916

28
134
33
34
47
280
7,877

29
133
15
–
36
213
6,813

217
996
112
–
269
1,595
51,022

62
62

–
–

–
–

12
450
–
6
469
7,470
2,342
(95)
2,247
5,223
(32)
5,255

–
765
500
–
1,265
5,548
1,893
(169)
1,724
3,824
–
3,824

–
5,729
3,744
–
9,473
41,54814,176(1,265)
12,91028,637–28,637

(Consolidated Statements of Comprehensive Income)(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable tonon-controlling interests* Please refer to the note 1 on page 1.

-5-

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

5,223

3,824

28,637

(75)
(28)
15
(88)
5,134

47
27
58
133
3,957

351
202
434
996
29,633

5,166

3,957

29,633(32)––

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

1,785

2,905

Retained earnings

Treasury shares

16,834

Total shareholders’equity(0)21,525

Changes during period
Dividends of surplus(1,674)(1,674)

Profit attributable to ownersof parent

5,255

5,255

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

3,581

(0)

3,581

1,785

2,905

20,415(0)25,106

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

278

(514)

(167)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(19)

(422)

160

Total net
assets21,263

Changes during period
Dividends of surplus(1,674)

Profit attributable to ownersof parent

5,255

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity

(75)

–

(28)

15

(88)

(8)

(96)

Total changes during period

(75)

–

(28)

15

(88)

(8)

3,484

Balance at end of period

203

(514)

(196)

(4)

(511)

152

24,747-6-

Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

1,785

2,905

Retained earnings

Treasury shares

20,415

Total shareholders’equity(0)25,106

Changes during period
Dividends of surplus(1,674)(1,674)

Profit attributable to ownersof parent

3,824

3,824

Change in ownershipinterest of parent due totransactions with
non-controlling interests

(121)

(121)

Change in scope of
consolidation

1

1

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

(121)

2,151

(0)

2,029

1,785

2,783

22,566(0)27,135

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning of period

203

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

(514)

(196)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(4)

(511)

152

Total net
assets

24,747

Changes during period
Dividends of surplus(1,674)

Profit attributable to ownersof parent

3,824

Change in ownershipinterest of parent due totransactions with
non-controlling interests(121)

Change in scope of
consolidation

1

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity

47

–

27

58

133

(152)

(18)

Total changes during period

47

–

27

58

133

(152)

2,010

Balance at end of period

251

(514)

(169)

54

(378)

–

26,757-7-

Fiscal year ended March 31, 2023
(Thousands of U.S. dollars)*Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

13,36721,755Retained earnings

Treasury shares

152,886

Total shareholders’equity(0)

188,017

Changes during period
Dividends of surplus(12,536)(12,536)

Profit attributable to ownersof parent

28,63728,637

Change in ownershipinterest of parent due totransactions with
non-controlling interests

(906)

(906)

Change in scope of
consolidation

7

7

Purchase of treasury shares

(0)

(0)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

(906)

16,108(0)

15,195

13,367

20,841

168,995(0)203,212

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

1,520(3,849)(1,467)

Balance at beginning of period

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income(29)(3,826)

1,138

Total net
assets185,329

Changes during period
Dividends of surplus(12,536)

Profit attributable to ownersof parent

28,637

Change in ownershipinterest of parent due totransactions with
non-controlling interests(906)

Change in scope of
consolidation

7

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity

351

–

202

434

996

(1,138)(134)

Total changes during period

351

–

202

434

996

(1,138)15,052

Balance at end of period

1,879(3,849)(1,265)404(2,830)–200,381* Please refer to the note 1 on page 1.

-8-

(4) Consolidated Statements of Cash Flows(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Impairment losses
Increase (decrease) in allowance for doubtful
accounts
Insurance claim income
Increase (decrease) in provision for retirement
benefits for directors (and other officers)
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Retirement benefits for directors (and other officers)
Interest and dividend income
Subsidy income
Compensation income
Interest expenses
Corporate funeral expenses
Loss (gain) on sale of investment securities
Loss on retirement of property, plant and equipment
Loss (gain) on sale of property, plant and equipment
Loss (gain) on valuation of investment securities
Loss on business of subsidiaries and associates
Decrease (increase) in guarantee deposits
Foreign exchange losses (gains)
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Subsidies received
Interest paid
Proceeds from insurance income
Payments of retirement benefits for directors (andother officers)
Proceeds from compensation
Income taxes refund
Income taxes paid
Net cash provided by (used in) operating activities* Please refer to the note 1 on page 1.

-9-

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023

7,470
1,868
79
450

5,548
1,930
62
765

41,54814,453
464
5,729

(523)

10

74

(96)

–

–

–

(653)

(4,890)

(40)
35
–
(6)
(23)
(62)
28
34
(79)
134
(7)
12
6
(61)
(47)
(638)
(322)
272
180
(295)
(38)
79
8,411
6
23
(24)
96

(52)
(40)
500
(8)
(2)
–
29
–
(10)
133
(10)
–
–
(62)
15
(405)
(1,122)
(90)
415
(100)
188
(16)
7,024
8
2
(25)
–

(389)
(299)
3,744
(59)
(14)
–
217
–
(74)
996
(74)
–
–
(464)
112
(3,033)(8,402)
(674)
3,107
(748)
1,407
(119)
52,602
59
14
(187)
–

–

(500)

(3,744)62
150(3,091)
5,633–
84(2,634)
3,959

–
629
(19,725)
29,648(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2023–
(2,877)
20
(0)
(3)
119

(130)
(2,664)
17
(0)
–
26

(973)
(19,950)
127
(0)
–
194

–

(23)

(172)

(9)
4
(475)

–
4
(510)

–
29
(3,819)

109

108

808

32
13
(181)
(3,245)15–(152)(3,308)112–(1,138)(24,773)––(3,000)3,000(22,466)
22,466–(250)(1,872)

24

–

–

(0)
(1,620)(23)(1,618)(0)(1,722)(24)(1,996)(0)(12,895)(179)(14,947)

4

1

7

773
16,254
17,028(1,344)
17,02815,683(10,065)
127,521
117,449

Cash flows from investing activities
Payments for acquisition of businesses
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of investment securities
Purchase of shares of subsidiaries and associates
Proceeds from sale of investment securities
Payments for sale of shares of subsidiaries resulting
in change in scope of consolidation
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Guarantee deposits received
Proceeds from cancellation of insurance funds
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Proceeds from share issuance to non-controllingshareholders
Purchase of treasury shares
Dividends paid
Other payments
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* Please refer to the note 1 on page 1.

- 10 -

III. Corporate Data
Basic Information (as of March 31, 2023)
Trade name:
Established:
Listed market:
Listed:Business year:
Paid–in capital:
Number of employees:
Head office:Telephone:G-7 HOLDINGS Inc.
June 18, 1976
Prime Market of Tokyo Stock Exchange(Securities Code: 7508)
August 22, 1996
From April 1 to March 31 of the following year
1,785 million yen
2,023 (Consolidated; excluding temporary employees)
1-3, Yasakadai 2-chome, Suma-ku, Kobe-shi, Hyogo+81-78-797-7700

Group Companies (as of March 31, 2023)
G-7 AUTO SERVICE CO., LTD.
G7 RETAIL JAPAN CO., LTD.
G-7 SUPER MART CO., LTD.
G-7 BIKE WORLD CO., LTD.
G7 AGRI JAPAN CO., LTD.
G7 JAPAN FOOD SERVICE CO., LTD.
G-7 MEAT TERABAYASHI CO., LTD.
G-7 RICO’S STORES CO., LTD.
G7 STORE INNOVATIONS CO., LTD.
G7 RETAIL MALAYSIA SDN. BHD.
G-7. CrownTrading CO., LTD.

- 11 -

Directors and Director/Audit and Supervisory Committee Members (as of June 29, 2023)

Representative Director, Chairman and CEO
Representative Director and President
Director
Director
Director
Director
Director*
Director*
Director/Audit and Supervisory Committee Member (Full-time)
Director/Audit and Supervisory Committee Member**Director/Audit and Supervisory Committee Member*** Outside Director

Tatsumi Kaneda
Yasumasa Kishimoto
Yukitoshi Matsuda
Daisaku Seki
Isao Tamaki
Shinichi Noguchi
Mitsuru Sakamoto
Yukihiro Shida
Taizo Yoshida

Teiji Joko
Hiroki Nishii** Outside Director/Audit and Supervisory Committee Member

Note: The Company designated Mr. Mitsuru Sakamoto, Mr. Yukihiro Shida, Mr. Teiji Joko, and Mr. Hiroki Nishii as
Independent Directors stipulated by Tokyo Stock Exchange, Inc. and reported them to the Exchange.

Stock Status (as of March 31, 2023)
Total number of shares authorized:
Total number of shares issued:
Number of shareholders:Major shareholders (Top 10)

208,000,000 shares
44,063,754 shares
5,110

Number of shares held(Thousands)
K Trust Association Trust Account11,835G-7 Scholarship Foundation
7,322
Yoko Kinoshita
3,305
The Master Trust Bank of Japan, Ltd. (Trust Account)
3,234
Autobacs Seven Co., Ltd.
2,203
Northern Trust Co. (AVFC) RE THE HIGHCLERE
INTERNATIONAL INVESTORS SMALLER
1,756
COMPANIES FUNDBBH FOR FIDELITY LOW-PRICED STOCK FUND
1,244
(PRINCIPAL ALL SECTOR SUBPORTFOLIO)SSBTC CLIENT OMNIBUS ACCOUNT
994
Custody Bank of Japan, Ltd. (Trust Account)834
Sompo Japan Insurance Inc.
336
Shareholder nameShare-holding ratio
(%)
26.86
16.61
7.50
7.34
5.00
3.98
2.82
2.25
1.89
0.76

Notes:
1. The share-holding ratios are calculated excluding treasury shares (46 shares).
2. The number of shares held is rounded down to units of one thousand.
3. The share-holding ratios are rounded down to the second decimal place.

* Annual Select is an English–language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese–language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

- 12 -