Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025（PDF / 497KB）

Note : This document has been translated from the Japanese original for reference purposes only. In the event

of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Results for the Third Quarter

of the Fiscal Year Ending March 2025 [Japanese standards]

1. Consolidated financial results for the third quarter of the fiscal year ending March 2025 (From April 1, 2024 to December 31, 2024)

(1) Consolidated financial results

(Note) Comprehensive income: Nine months ended Dec. 31, 2024: 1,070 million yen [(74.5%)]

(Note) Revision to the most recently announced dividend forecast: None

Breakdown of year-end dividend for the fiscal year ended March 31, 2024 Ordinary dividend: 60.00 yen Commemorative dividend: 5.00 yen

3. Consolidated forecast for the fiscal year ending March, 2025 (From April 1, 2024 to March 31, 2025)

(Note) Revision to the most recently announced Consolidated forecast: None

(Note) For details, please refer to “(3) Notes to Quarterly Consolidated Financial Statements (Application of special accounting

(Note) For details, please refer to “(3) Notes to Quarterly Consolidated Financial Statements (Notes on Changes in Accounting Policies)” on page 9.

1. Number of issued shares (common shares)
1. Number of shares outstanding at the end

of the fiscal year (including treasury shares)

(Note) The number of treasury shares at the end of the period includes the Company's shares owned by the trust accounts (396,336

shares for Q3 FY/3 2025 and 328,400 shares for FY/3 2024) as trust assets pertaining to the "Stock Benefit Trust (J- ESOP ･BBT-RS)”. In addition, the Company's shares held in the trust account are included in the Treasury shares that is deducted in the calculation of the average number of shares during the period (369,048 shares for Q3 FY/3 2025 and 330,877 shares for Q3 FY/3 2024).

• Review of the attached quarterly consolidated financial statements
  by a certified public accountant or an audit corporation: Yes (Voluntary)
• Explanation of forecasts of operations and other notes

(Notes on forward-looking statements)

The earnings forecasts and other forward-looking statements contained in this document are based on information currently available to the Company and on certain assumptions deemed reasonable by the Company. The Company does not guarantee that these forecasts will be achieved. Actual results may differ significantly due to a variety of factors. Please refer to“Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements”on page 4 of the Appendix for the assumptions used in the forecasts and notes on the use of the forecasts.

(Note) Revision to the most recently announced forecast: None

Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

○ Contents

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Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

1. Overview of Operating Results

(1) Overview of Operating Results for the Period under Review

Matters concerning the future in the text are based on the judgment of the Group as of the end of the current quarterly consolidated fiscal year under review.

(Notes) Net sales and Segment income or loss by segment (operating income or loss) are figures before the elimination of inter- segment transactions.

During the third quarter of the fiscal year under review (from April 1, 2024 to December 31, 2024), the Japanese economy is expected to continue its gradual recovery, supported by improvements in the employment and income environments and various policy measures. On the other hand, there are concerns about downside risks to the economy due to rising prices, future policy trends in the United States, and overseas situations in the Middle East.

Under these circumstances, the group has steadily carried out the five basic strategies in the medium-term management plan and advanced business wear business's reforms and challenges.

In the third quarter of the fiscal year under review, sales in credit card business and franchisee business were stable, while sales in business wear business decreased in gross profit due to a rise in costs. The business results of the group are as follows.

Net sales: 132.413 billion yen (up 0.9% year on year)

Operating income: 3.809 billion yen (down 13.3% year on year)

Ordinary income: 4 billion yen (down 15.3% year on year)

Net income attributable to owners of the parent: 1.673 million yen (down 34.3% year on year)

Results by segment are as follows.

Segment sales and income (loss) figures are before the elimination of inter-segment transactions.

[Aoyama Trading Co., Ltd. Business Wear Business, Blue Reverse Co., Ltd., MDS Co., Ltd., Eisho Co., Ltd., FUKURYO Co., Ltd., Aoyama Suits (Shanghai) Co., Ltd., Melbo Men’s Wear, Inc.]

Sales in this segment were 85.995 billion yen (down 0.4% year on year), and segment profit (operating profit) was 749 million yen (down 27.7% year on year).

In the business wear business of Aoyama Trading Co., Ltd., which is the core segment of this business, the number of men's suits (not including set-up suits) sold was 624 thousand, down 12.2% year on year, and the average unit selling price was 34,691 yen, up 7.5% year on year. Under these circumstances, the Company has implemented various measures, including the development of the functional set-up suit "Zero Pressure Suits" for ladies style, which is easy to coordinate with casual style. As a result of these

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Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

In this segment, sales were 11.864 billion yen (up 7.1% year on year), and segment profit (operating profit) was 853 million yen (up 0.9% year on year), both record high, as sales and profits were driven by strong performance in all business categories, particularly Yakiniku King in the food service segment and 2nd Street in the reuse segment.

Store opened and closed are described below.

< Number of stores opened and closed in Franchisee Business by type of business and number of stores

In this segment, sales were 2.255 billion yen (down 2.3% year on year), and segment profit (operating profit) was 427 million yen (up 3.4% year on year).

In the other segment, sales were 842 million yen (down 29.2% year on year), and segment loss (operating loss) was 234 million yen (segment loss (operating loss) in the same period of the previous fiscal year was 116 million yen). As of end of December 2024, there were seven WTW stores.

(2) Overview of Financial Position for the Period under Review

Current assets at the end of the third quarter of the fiscal year under review were 182.827 billion yen, a decrease of 24.263 billion yen from the end of the previous fiscal year. This was mainly due to decreases of 18.542 billion yen in cash and deposits, 6.032 billion yen in notes and accounts receivable - trade, and 1.3 billion yen in operating loans, despite increases of 700 million yen in merchandise and finished goods and 1.054 billion yen in other under current assets.

Non-current assets were 128.041 billion yen, a decrease of 433 million yen from the end of the previous fiscal year. This was mainly due to a decrease of 953 million yen in investments and other assets, despite increases of 231 million yen in property, plant and equipment and 289 million yen in intangible assets.

As a result, total assets were 310.883 billion yen, a decrease of 24.714 billion yen from the end of the previous fiscal year. Current liabilities were 72.012 billion yen, a decrease of 29.19 billion yen from the end of the previous fiscal year. This was mainly

due to decreases of 3.294 billion yen in notes and accounts payable - trade, 4.574 billion yen in electronically recorded obligations - operating, 15.005 billion yen in current portion of bonds, 1.49 billion yen in short-term borrowings, 1.352 billion yen in income taxes payable, 1.337 billion yen in provision for bonuses, and 2.217 billion yen in other under current liabilities.

Non-current liabilities were 64.704 billion yen, an increase of 11.187 billion yen from the end of the previous fiscal year. This was mainly due to increases of 10.72 billion yen in long-term loans payable.

As a result, total liabilities were 136.717 billion yen, a decrease of 18.003 billion yen from the end of the previous fiscal year. Total net assets were 174.166 billion yen, a decrease of 6.711 billion yen from the end of the previous fiscal year. This was mainly

due to a decrease of 3.097 billion yen in retained earnings, and an increase of 2.743 billion yen in treasury shares, which is deducted from net assets.

(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Statements

As of the announcement date of this document, the consolidated earnings forecast announced on November 12, 2024 has not been changed.

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Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

2. Quarterly Consolidated Financial Statements and Main Notes

(1) Quarterly Consolidated Balance Sheet

Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

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Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2025, Aoyama Trading Co., Ltd. (8219)

(2) Quarterly Consolidated Statements of Income and Comprehensive Income

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