Oisix ra daichi : FY2022/3 3Q Financial Results

Published February 10, 2022 at 9:40 a.m. UTC

Source: MarketScreener

		February 10, 2022
	Consolidated Financial Results
	for the Nine months Ended December 31, 2021
	[Japanese GAAP]
Company name:	Oisix ra daichi Inc.	Stock exchange listings: TSE
Securities code:	3182	URL: http://www.oisixradaichi.co.jp
Representative:	Kohey Takashima, Representative Director, CEO
Contact:	Kohei Matsumoto, Director, Corporate Planning Division General Manager
Scheduled date of filing of Quarterly Report:	February 14, 2022
Scheduled date of payment of dividend:	-
Preparation of supplementary materials for financial results:	Yes
Holding of quarterly financial results meeting:	Yes

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for Nine Months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)

(1) Consolidated Operating Results					(% of change from previous year)
								Net Income
	Six months ended	Net Sales	Operating Income	EBITDA*1		Attributable to Owners
								of the Parent*3
		Million yen	%	Million yen	%	Million yen	%	Million yen	%
	December 31, 2021	87,400	16.9	4,979	△18.8	6,385	△11.3	3,294	△15.5
	December 31, 2020	74,790	42.7	6,131	283.8	7,198	202.3	3,900	460.4

Comprehensive income: 3rd Quarter of FY2021 (As of December 31, 2021)

3,454 million yen (△8.0%)

3rd Quarter of FY2020 (As of December 31, 2020)

3,752 million yen (493.6%)

(Note)

*1. EBITDA stands for earnings before depreciation and amortisation.

Nine months ended

Net Income per

Diluted Net

Income per Share

Yen

December 31, 2021

90.15

90.10

December 31, 2020

103.12

102.92

(2) Consolidated Financial Position

Period ended

Total Assets

Net Assets

Shareholders'

Equity Ratio

Million yen

December 31, 2021

56,761

24,353

39.8

March 31, 2021

38,360

19,991

49.8

2. Dividends

Fiscal Year ended or ending

Dividend per Share

Year-end

Total

Yen

March 31,2021

―

0.00

―

0.00

March 31,2022

―

March 31,2022 (Forecast)

0.00

―

0.00

(Note)

Revisions to the most recently announced forecast: None

3. Forecast for the Fiscal Year Ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

(Percentages represent year-on-year changes)

	Net Sales		Operating Income	EBITDA		Net Income	Net Income
			per Share

	Million yen		%	Million yen	%	Million yen		%	Million yen	%	Yen
Full year	113,000		12.9	3,500-	△46.4-	5,500-		△32.6-	2,500	△50.3	68.41

	4,000	△53.1	6,000		△38.2

(Note)

*1.Revisions to the most recently announced forecast: Yes

Notes

Changes of important subsidiaries during the period

(Changes of specific subsidiaries in accordance with changes in the scope of consolidation):None

(2) Adoption of specific accounting treatments to the preparation of consolidated quarterly

financial statements:	None

(3) Changes in accounting policies and accounting estimates, and restatements
1)	Changes in accounting policies due to revisions in accounting standards:	Yes
2)	Changes in accounting policies other than 1) above:	None
3)	Changes in accounting estimates:	None
4)	Restatements:	None

Number of shares issued (common shares)
1. Number of shares issued (including treasury stock):

		As of December 31, 2021	38,014,492shares

		As of March 31, 2021	37,998,908shares
2)	Number of treasury stocks:
		As of December 31, 2021	1,469,787shares

		As of March 31, 2021	1,469,655shares
3)	Number of average shares during the period:
		Nine months ended December 31, 2021	36,541,920shares

		Nine months ended December 31, 2020	37,821,606shares

This financial report is outside the scope of the audit by certified public accountants or auditing firms.
Explanation of the proper use of forecast and other notes
The forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document. They are not intended as the Company's commitment to achieve such forecasts, and actual results may differ significantly from these forecasts due to a wide range of factors.

Consolidated Financial Statements

(1) Consolidated Balance Sheet

			(Millions of yen)
		As of March 31, 2021	As of December 31, 2021

Assets
Current assets

Cash and deposits		15,580	13,358
Accounts receivable - trade	8,485	9,048

Merchandise and finished goods		1,730	1,786
Work in process	85	106

Raw materials and supplies		422	511
Accounts receivable - other	2,789	3,124

Other		413	602
Allowance for doubtful accounts		△205	△216

Total current assets		29,302	28,320
Non-current assets

Property, plant and equipment
Leased assets	500	13,268

Accumulated depreciation		△457	△576
Leased assets, net	43	12,691

Other		2,191	3,412
Total property, plant and equipment		2,234	16,104

Intangible assets
Goodwill		1,698	1,497

Other		2,064	2,200
Total intangible assets		3,763	3,698

Investments and other assets		3,060	3,572
Total non-current assets		9,058	23,375

Total assets		38,360	51,695

			(Millions of yen)
		As of March 31, 2021	As of December 31, 2021

Liabilities
Current liabilities

Accounts payable - trade		6,173	9,028
Short-term borrowings	1,040	1,000

Current portion of long-term borrowings		9	146
Lease obligations	25	692

Accounts payable - other		6,178	6,318
Income taxes payable	2,292	394

Provision for bonuses		－	2
Provision for point card certificates	279	61

Other		1,541	1,739
Total current liabilities		17,540	19,383

Non-current liabilities
Long-term borrowings	245	120

Lease obligations		30	12,126
Provision for retirement benefits for directors (and	6	7
other officers)

Asset retirement obligations		325	541
Deferred tax liabilities	13	25

Other		206	203
Total non-current liabilities		828	13,024
Total liabilities		18,369	32,408
Net assets
Shareholders' equity
Share capital	3,993	3,994
Capital surplus		8,014	8,015
Retained earnings	11,718	15,015
Treasury shares		△4,502	△4,503
Total shareholders' equity		19,223	22,521

Accumulated other comprehensive income
Valuation difference on available-for-sale securities	25	6

Foreign currency translation adjustment		△158	63
Total accumulated other comprehensive income		△133	70

Non-controlling interests		900	1,761
Total net assets		19,991	24,353
Total liabilities and net assets		38,360	56,761

(2) Consolidated Statement of Income

					(Millions of yen)
			Nine months ended		Nine months ended
			December 31, 2020		December 31, 2021

Net sales			74,790		87,400
Cost of sales	37,026	44,994

Gross profit			37,764		42,405
Selling, general and administrative expenses		31,632	37,426

Operating profit		6,131		4,979
Non-operating income

Interest income		0		0
Dividend income	0	4

Compensation income		12		13
Subsidy income			－	24

Material recycling revenue		5		4
Recoveries of written off receivables	10	19

Share of profit of entities accounted for using equity			－		48
method

Other		22	24
Total non-operating income			50		139

Non-operating expenses

Interest expenses	14
Share issuance costs	17

Foreign exchange losses	19
Share of loss of entities accounted for using equity	249
method

Other		6
Total non-operating expenses	307


Ordinary profit	5,874
Extraordinary income

Gain on extinguishment of debt		－
Total extraordinary income		－

Extraordinary losses
Loss on valuation of investment securities		－

－

5,049

123

Total extraordinary losses	－	7
Profit before income taxes	5,874	5,165

Income taxes - current	2,092	1,707
Income taxes - deferred	△73	206

Total income taxes	2,019	1,914
Profit	3,855	3,251

Loss attributable to non-controlling interests	△44	△43
Profit attributable to owners of parent	3,900	3,294

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