Oisix Ra Daichi, Inc. TSE:3182

Oisix ra daichi : FY2022/3 1Q Results Explanatory Materials

Published

Source: MarketScreener

2022/3 Q1 Results Explanatory Materials

Oisix ra daichi 2021.8.12

Farm for Tomorrow, Table for Tomorrow

We provide services that enable a better food life for more people.

We evolve continuously where good farmers are rewarded and proud.

We realize a society that deliver a sustainable framework that links farm and table.

We solve social issues related to food through business approaches.

We create and expand Tomorrow's Food.

Table of Contents

1. 2022/3 Q1 Achievements

1-1. Consolidated Financial Results

1-2. Results on Business segment

  1. Promotion of "Sustainable retail"
    2-1. Zero food waste
    2-2. Food Tech
  2. Other ESG topics
  • APPENDIX・DATA SHEET

2

1-1. Consolidated Financial Results

Exective summary

-2022/3 Q1 Results

Sales

Led by Oisix, sales saw solid growth increasing +21%

◆Domestic Delivery business（Three major brands）

  • subscribers：Led by Oisix, spring promotions performed strongly.

Total subscrbers for the three brands grew by about 27 thousand QoQ.

  • ARPU：Remained high relative to initial forecasts. Whilst there was a YoY decline, the impact of COVID-19's resurgence needs to be considered.

◆Other Business

  • Whilst subscription growth has stabilized at Purple Carrot (U.S.), sales grew roughly 70% YoY. EC support services and SinS/nursery school wholesale also saw solid business expansion.

EBITDA

EBITDA exceeded initial forecasts owing to solid sales growth led by Oisix and Purple Carrot (U.S.).

  • EBITDA exceeded initial forecasts on the back of steady subscription/ ARPU growth and higher sales.
  • EBITDA decreased YoY due to the irregular year in which sales increased while new acquisitions were not possible due to Oisix logistics capacity restrictions.
  • On the back of a strong spring promotion campaign this term, Oisix implemented new PR investments as initially planned.

Net income

Non-operating income improved reflecting a profit turnaround at Welcome (DEAN & DELUCA, affiriate). Quarterly net income increased roughly +9%

4

This is an excerpt of the original content. To continue reading it, access the original document here.