イズミ（8273） – [Delayed] Summary of Consolidated Financial Results for the Nine Months Ended November 30, 2021

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, 2021 (Based on Japanese GAAP) January 11, 2022 Company name: IZUMI CO., LTD. Stock exchange listing: Tokyo Stock code: 8273 Representative: Inquiries: URL https://www.izumi.co.jp/ President and Representative Director Executive Officer and General Manager of Finance & Accounting Department Scheduled date to file Quarterly Securities Report: January 12, 2022 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Yes Holding of quarterly financial results meeting: No – Yasuaki Yamanishi Kiminari Taira TEL +81-82-264-3211 (Amounts less than one million yen are rounded down)1. Consolidated financial results for nine months ended November 30, 2021 (from March 1, 2021 to November 30, 2021) (1) Consolidated financial results (cumulative) Operating revenue Operating profit Ordinary profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % 496,093 (0.1) 23,868 (4.7) 23,743 (6.3) 16,371 1.2 Percentages indicate year-on-year changesProfit attributable to owners of parent 496,663 (9.7) 25,045 18.3 25,329 19.6 16,185 18.2 Nine months ended November 30, 2021 Nine months ended November 30, 2020 Nine months ended November 30, 2021 Nine months ended November 30, 2020 (2) Consolidated financial position As of November 30, 2021 As of February 28, 2021 2. Cash dividends Year ended February 28, 2021 Year ending February 28, 2022 Year ending February 28, 2022 (Forecast) Earnings per share Diluted earnings per share Yen 228.88 225.87 Yen – – Total assets Net assets Equity ratio Millions of yen 477,206 489,692 Millions of yen 255,492 245,411 % 50.7 47.5 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Yen – – Yen 40.00 43.00 Yen – – Yen 43.00 43.00 Yen 83.00 86.00 13. Forecast of consolidated financial results for the fiscal year ending February 28, 2022 (from March 1, 2021 to February 28, 2022) Operating revenue Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 679,100 % Millions of yen 34,800 (0.1) % Millions of yen 34,600 (2.7) % Millions of yen 22,300 (4.1) % (3.3) Yen 311.81 4. Notes (1) Changes in significant subsidiaries during the nine months ended November 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: No (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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: No No No No 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, 2021 71,665,200 shares As of February 28, 2021 71,665,200 shares Number of treasury shares at the end of the period As of November 30, 2021 187,300 shares As of February 28, 2021 8,106 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Nine months ended November 30, 2021 71,529,614 shares Nine months ended November 30, 2020 71,657,724 shares 2 As of February 28, 2021 As of November 30, 2021 (Millions of yen) Quarterly consolidated financial statements Quarterly consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Total property, plant and equipment Land Other, net Intangible assets Goodwill Other Total intangible assets Investments and other assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 25,306 42,497 21,661 20 458 17,717 (550) 107,112 155,281 163,136 12,121 330,539 2,441 8,249 10,690 41,896 (546) 41,350 382,580 489,692 9,390 48,268 23,269 69 508 13,524 (537) 94,493 151,523 166,490 13,574 331,587 2,041 8,965 11,007 40,681 (563) 40,117 382,712 477,206 3 (Millions of yen) As of February 28, 2021 As of November 30, 2021 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Current portion of long-term borrowings Income taxes payable Provision for bonuses Provision for bonuses for directors (and other officers) Provision for point card certificates Provision for loss on recollection of gift certificates Provision for loss on building demolition Other Total current liabilities Non-current liabilities Long-term borrowings Provision for retirement benefits for directors (and other officers) Provision for loss on interest repayment Provision for loss on building demolition Retirement benefit liability Asset retirement obligations 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-sale securities Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 47,367 1,300 19,756 7,983 2,204 36 2,416 115 117 32,298 113,596 88,335 915 146 436 8,852 8,267 23,731 130,684 244,281 19,613 22,545 189,072 (30) 231,200 1,171 123 1,294 12,915 245,411 489,692 37,539 13,250 17,979 2,747 4,330 11 2,796 115 428 25,143 104,344 74,510 90 131 – 9,174 9,109 24,354 117,370 221,714 19,613 22,580 199,289 (799) 240,684 933 140 1,074 13,733 255,492 477,206 4Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income Quarterly consolidated statements of income (Millions of yen) Nine months ended November 30, 2020 Nine months ended November 30, 2021 Share of profit of entities accounted for using equity method Share of loss of entities accounted for using equity method Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating revenue Operating gross profit Operating profit Non-operating income Interest and dividend income Purchase discounts Other Total non-operating income Non-operating expenses Interest expenses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sales of non-current assets Gain on sales of investment securities Gain on bargain purchase Gain on step acquisitions Subsidy income Other Total extraordinary income Extraordinary losses Loss on retirement of non-current assets Impairment loss Loss on store closings Loss related to infectious disease Provision for loss on building demolition Other Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 5471,234 363,321 107,913 25,428 133,341 108,295 25,045 186 136 99 1,113 1,536 540 – 712 1,253 25,329 36 3,102 – – – – 3,139 103 223 – 2,074 556 328 3,287 25,181 8,316 (735) 7,581 17,600 1,415 16,185 471,161 364,416 106,745 24,931 131,676 107,808 23,868 168 144 – 865 1,178 428 315 560 1,304 23,743 1,015 189 0 195 355 263 11 123 247 85 140 – 20 618 24,140 7,847 (320) 7,527 16,613 241 16,371 Quarterly consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans, net of tax Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (Millions of yen) Nine months ended November 30, 2020 Nine months ended November 30, 2021 17,600 646 36 3 686 18,286 16,832 1,454 16,613 (385) 18 (3) (370) 16,242 16,151 90 6 (Millions of yen) Nine months ended November 30, 2020 Nine months ended November 30, 2021 25,181 11,696 581 – – – (77) (186) 540 (99) – (36) 103 (3,102) 223 – 2,074 (871) 713 (13,596) 2,700 25,844 191 (625) – (1,888) (8,944) (26) 14,550 (10,779) 1,780 (860) 4,616 – 651 (4,592) 24,140 11,940 45 399 (195) (355) 3 (168) 428 315 (263) (189) 123 (0) 247 85 140 (5,770) (1,706) (9,827) 885 20,277 174 (499) 263 (140) (12,713) 101 7,462 (12,004) 1,293 (1,687) 8 264 368 (11,757) Quarterly consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Share-based remuneration expenses Amortization of goodwill Gain on bargain purchase Loss (gain) on step acquisitions Increase (decrease) in allowance for doubtful accounts Interest and dividend income Interest expenses Share of loss (profit) of entities accounted for using equity method Subsidy income Loss (gain) on sales of non-current assets Loss on retirement of non-current assets Loss (gain) on sales of investment securities Impairment loss Loss on store closings Loss related to infectious disease Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Other, net Subtotal Interest paid Interest and dividends received Proceeds from subsidy income Payment of loss related to infectious disease Income taxes (paid) refund Other, net Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant and equipment Proceeds from sales of property, plant and equipment Purchase of intangible assets Proceeds from sales of investment securities Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation Other, net Net cash provided by (used in) investing activities 7 Cash flows from financing activities Net increase (decrease) in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Purchase of treasury shares Dividends paid Dividends paid to non-controlling interests Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation Other, net Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (Millions of yen) Nine months ended November 30, 2020 Nine months ended November 30, 2021 12,500 – (16,388) (1) (5,732) (34) (56) (4) (9,716) 241 8,982 9,223 11,318 700 (16,581) (859) (6,154) (33) (7) (3) (11,622) (15,916) 25,306 9,390 8