イズミ（8273） – [Delayed]Support Documentation about the Consolidated Financial Results for the Year Ended February 28, 2022 (FY2021)

Support Documentation about the Consolidated Financial Resultsfor the Year Ended February 28, 2022 (FY2021)1. Summary of Financial Results1) Consolidated Financial ResultsYear endedFeb. 28, 2021Year endedFeb. 28, 2022April 12, 2022IZUMI CO., LTD.(Stock code: 8273)(Unit: millions of yen)Year ending Feb.28, 2023 (Forecast)454,300–32,600–32,600–20,900–¥292.40(*Reference)697,100103.0%32,60093.9%32,60094.0%20,90090.1%676,80099.6%34,71797.0%34,69696.2%23,204100.7%¥324.459.6%7.2%5.4%468,798262,433¥3,479.2653.0%(Unit: millions of yen)Year ending Feb.28, 2023 (Forecast)355,500–25,600–25,600–16,600–¥86.00(*Reference)651,700103.0%25,60091.2%25,60090.5%16,60086.7%632,83699.7%28,06596.3%28,27396.1%19,140109.6%¥86.00407,231201,52049.5% Total number of issued shares at the end of period (excl. treasury shares) Average number of shares during the period (excl. treasury shares) Number of consolidated subsidiaries Number of equity-method affiliates71,657,09471,477,63871,657,60671,517,631155174 * As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29) from the beginning of the year ending February 28, 2023, the financial results forecast after this application is presented. As a reference, if reclassified to figures prior to the application of the “Accounting Standard for Revenue Recognition,” operating revenue would be 697,100 million yen. With regard to year-on-year change, operating revenue would be 103.0%, operating profit would be 93.9%, ordinary profit would be 94.0%, and profit attributable to owners of parent would be 90.1% (presented as reference outside of the table).2) Non-consolidated Financial ResultsYear endedFeb. 28, 2021Year endedFeb. 28, 2022Profit attributable to owners of parentOperating revenueOperating profitOrdinary profit Earnings per share Profit/equity Ordinary profit/total assets Operating profit/net sales Total assets Net assets Net assets per share Equity ratio Operating revenue Operating profit Ordinary profit Profit Dividends per share Total assets Net assets Equity ratio(YoY)(YoY)(YoY)(YoY)(YoY)(YoY)(YoY)(YoY)679,77891.3%35,781112.2%36,078112.8%23,053115.5%¥321.7210.3%7.4%5.5%489,692245,411¥3,244.5647.5%634,58390.6%29,128111.9%29,420112.1%17,461102.4%¥83.00423,212189,15144.7%1 * As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29) from the beginning of the year ending February 28, 2023, the financial results forecast after this application is presented. As a reference, if reclassified to figures prior to the application of the “Accounting Standard for Revenue Recognition,” operating revenue would be 651,700 million yen. With regard to year-on-year change, operating revenue would be 103.0%, operating profit would be 91.2%, ordinary profit would be 90.5%, and profit would be 86.7% (presented as reference outside of the table).2. Consolidated Statements of IncomeConsolidated(Unit: millions of yen)Year ended Feb. 28, 2021Year ended Feb. 28, 2022AmountAmountYoY% of Sales–100.0%22.8%5.3%28.1%% of Sales–100.0%22.7%5.2%27.9% Operating revenue 　　Net sales 　　Gross profit 　　Operating revenue 　　Operating gross profit 　　Selling, general and administrative expenses 　　　　Personnel expenses 　　　　Depreciation 　　　　Amortization of goodwill 　　　　Rental expenses 　　　　Utilities expenses 　　　　Advertising expenses 　　　　Other Operating profit 　　Non-operating income 　　　　Interest and dividend income 　　Non-operating expenses 　　　　Interest expenses Ordinary profit 　　Extraordinary income 　　Extraordinary losses Profit before income taxes 　　Total income taxes 　　Profit attributable to non-controlling interests Profit attributable to owners of parent1) Segment Information(Operating revenue) Retail operations Retail-peripheral operations Other Adjustment(Operating profit) Total Retail operations Retail-peripheral operations Other Adjustment TotalCompanyYOU-ME CARD CO., LTD.IZUMI TECHNO Co., Ltd.IZUMI FOOD SERVICE CO., LTD.Youme Mart Kumamoto Co., Ltd.Youme Mart Kitakyushu Co., Ltd.YOURS Co., Ltd.679,778645,672147,46734,105181,573145,79167,80515,24373711,5267,4829,64333,35235,7811,8932431,59770036,0783,6104,83534,85210,3061,49323,053659,97794,7865,297-80,283679,77831,2173,4581,172-6735,78122.6%10.5%2.4%0.1%1.8%1.2%1.5%5.2%5.5%0.3%0.0%0.2%0.1%5.6%0.6%0.7%5.4%1.6%0.2%3.6%97.1%13.9%0.8%-11.8%100.0%87.2%9.7%3.3%-0.2%100.0%Store management Operating revenueRetail-peripheral operationsBusiness /SegmentFinanceRetail-peripheral operationsFood servicesRetail-peripheral operationsRetailRetail operationsRetailRetail operationsRetailRetail operationsOperating revenueOperating profitOperating profitOperating revenueOperating profitOperating revenueOperating profitOperating revenueOperating profitOperating revenueOperating profit2676,800643,280145,94333,519179,463144,74566,83115,26753211,2487,9869,64733,23034,7171,6002241,62155534,6961,0391,45634,28010,75831723,204656,91496,4195,079-81,611676,80029,5894,3211,004-19834,7179,3932,06013,8821,5494,626-30327,9751,24528,7151,03324,09458299.6%99.6%99.0%98.3%98.8%99.3%98.6%100.2%72.3%97.6%106.7%100.0%99.6%97.0%84.5%92.1%101.5%79.3%96.2%28.8%30.1%98.4%104.4%21.3%100.7%99.5%101.7%95.9%–99.6%94.8%125.0%85.6%–97.0%97.7%104.7%107.1%113.6%114.1%－100.4%70.1%96.6%82.3%97.0%70.4%22.5%10.4%2.4%0.1%1.7%1.2%1.5%5.2%5.4%0.2%0.0%0.3%0.1%5.4%0.2%0.2%5.3%1.7%0.0%3.6%97.1%14.2%0.8%-12.1%100.0%85.2%12.4%2.9%-0.6%100.0%9,1812,15714,8631,7605,2777428,08387227,74685023,3644092) Financial Results of Major SubsidiariesYear ended Feb.28, 2021Year ended Feb.28, 2022YoYYear ended Feb. 28, 2021Year ended Feb. 28, 2022Amount% of TotalAmount% of TotalYoY 3. Consolidated Balance SheetsAs of Feb. 28, 2021 As of Feb. 28, 2022Amount% of TotalAmount % of Total Change489,692100.0%468,798100.0% 　　Property, plant and equipment330,53967.5%329,36770.3% Total assets 　　Cash and deposits 　　Notes and accounts receivable – trade 　　Merchandise and finished goods 　　Leasehold and guarantee deposits 　　Investment securities 　　Other Liabilities 　　Other Net assets 　　Notes and accounts payable – trade 　　Interest-bearing liabilities 　　Treasury shares 　　Other 　　Non-controlling interests25,30642,49721,66116,9099,87642,900244,28147,367109,41487,499245,411-30232,52612,9155.2%8.7%4.4%3.5%2.0%8.8%49.9%9.7%22.3%17.9%50.1%0.0%47.5%2.6%11,62142,79420,38115,8468,72940,057206,36429,69799,36677,301262,433-800249,48913,744Consolidated(Unit: millions of yen)2.5%9.1%4.3%3.4%1.9%8.5%44.0%6.3%21.2%16.5%56.0%-0.2%53.2%2.9%- 20,894- 13,685+ 297- 1,279- 1,171- 1,063- 1,147- 2,843- 37,916- 17,669- 10,048- 10,198+ 17,021- 769+ 16,963+ 828*Change in the number of issued sharesTotal number of issued shares at the beginning of the periodTreasury shares, etc. at the beginning of the periodat the end of the period (A)at the end of the period (B)(Acquired during the period)(Share-based remuneration)(Cancelled during the period)　　　　　A－B(Average during the period) 4. Consolidated Statements of Cash Flows　　 Cash flows from operating activities 　　Profit before income taxes 　　Non-cash loss/gain (depreciation, etc.) 　　Increase/decrease in claims and obligations related to operating activities 　　Income taxes and interest income 　　Other 　　Other 　　Other Cash flows from investing activities 　　Capital investment related Cash flows from financing activities 　　Interest-bearing liabilities related Increase/decrease in cash and cash equivalentsYear endedFeb. 28, 2021Year endedFeb. 28, 202271,665,20071,665,20071,665,20071,665,2007,3468,106760008,106187,562200,71721,261071,657,09471,477,63871,657,60671,517,631 (Unit: millions of yen)Year endedFeb. 28, 2021Year endedFeb. 28, 2022+ 48,320+ 34,852+ 18,311+ 6,045- 9,543- 1,345- 6,633- 13,921+ 7,287- 25,361- 19,536- 5,825+ 16,324+ 18,577+ 34,280+ 17,348- 20,515- 13,077+ 542- 14,246- 16,336+ 2,089- 18,016- 10,960- 7,056- 13,68535. IZUMI CO., LTD.: Income Statement and Other Financial Information1) Statement of IncomeNon-Consolidated(Unit: millions of yen)Year ended Feb. 28, 2021Year ended Feb. 28, 2022Amount% of SalesAmount% of SalesYoY Operating revenue 　　Net sales 　　Gross profit 　　Operating revenue 　　　　Real estate lease revenue 　　　　Distribution center revenue 　　　　Store lease joint management expense revenue 　　　　Other 　　Operating gross profit 　　Selling, general and administrative expenses 　　　　Personnel expenses 　　　　Depreciation 　　　　Rental expenses 　　　　Store management expenses 　　　　Utilities expenses 　　　　Advertising expenses 　　　　Other Operating profit 　　Non-operating income 　　　　Interest and dividend income 　　Non-operating expenses 　　　　Interest expenses Ordinary profit 　　Extraordinary income 　　Extraordinary losses Profit before income taxes Profit2) Sales Information(By Product)　　Lifestyle　　FoodsDirectly managed stores total　　Tenants　　X-SELL Department　　Product supply, etc.(By Region)　　Chugoku　　Kyushu　　OtherTotal632,836601,881116,43230,9548,1259,2178,4705,141147,387119,32147,14212,9109,68410,6496,2218,17324,53928,0651,2883291,08060528,2734661,02727,71219,14087,609227,820315,430215,64710,84559,958249,878225,587126,415601,881–100.0%19.3%5.1%1.4%1.5%1.4%0.9%24.5%19.8%7.8%2.1%1.6%1.8%1.0%1.4%4.1%4.7%0.2%0.1%0.2%0.1%4.7%0.1%0.2%4.6%3.2%14.6%37.9%52.4%35.8%1.8%10.0%41.5%37.5%21.0%100.0%99.7%99.8%99.0%98.1%99.7%96.8%95.7%102.3%98.8%99.5%98.2%98.3%99.3%105.1%106.8%100.8%98.2%96.3%82.0%98.0%84.4%83.2%96.1%80.6%23.1%108.5%109.6%97.5%98.3%98.1%103.2%92.6%98.5%99.8%98.8%100.5%100.6%99.8%–100.0%19.5%5.2%1.4%1.6%1.5%0.8%24.7%19.9%8.0%2.2%1.6%1.7%1.0%1.3%4.1%4.8%0.3%0.1%0.2%0.1%4.9%0.1%0.7%4.2%2.9%14.9%38.4%53.3%34.6%1.9%10.1%41.9%37.2%20.8%100.0%634,583603,041117,56131,5418,1489,5178,8515,024149,102119,97348,02513,1329,75110,1355,8248,10824,99629,1281,5713351,28072729,4205794,45525,54417,46189,854231,751321,606208,86311,70660,866252,960224,469125,611603,0414Year ended Feb. 28, 2021Year ended Feb. 28, 2022Amount% of TotalAmount% of TotalYoYTotal603,041100.0%601,881100.0%* From March 2021, the Company implemented organizational changes, such as combining and reorganizing the Clothing Department and the Household Goods Department, and making them the Lifestyle Division. Accordingly, results for the year ended Feb. 28, 2021 have been adjusted to figures after these organizational changes.77.6%101.3%93.5%84.2%89.7%93.0%87.2%89.4%104.5%97.4%107.3%35.6%27.7%29.9%8.6%25.8%0.5%19.5%6.3%2.5%3.5%79.39.228.52,9685,9713,97312,91223.0%46.2%30.8%100.0%3) YoY Sales at Existing Stores (Excluding X-SELL Department)Year ended Feb. 28, 2021 Year ended Feb. 28, 2022Non-Consolidated* From March 2021, the Company implemented organizational changes, such as combining and reorganizing the Clothing Department and the Household Goods Department, and making them the Lifestyle Division. Accordingly, results for the year ended Feb. 28, 2021 have been adjusted to figures after these organizational changes.4) Gross Profit RatioYear ended Feb. 28, 2021 Year ended Feb. 28, 2022LifestyleFoods TenantsChugokuKyushuDirectly managed stores totalTotalNumber of customersAverage spent per customerAverage spent per itemNumber of purchasesLifestyleFoods Tenants(Loss rate)LifestyleFoods LifestyleFoods Directly managed stores totalX-SELL DepartmentProduct supply, etc.TotalDirectly managed stores total(Inventory turnover in days)Directly managed stores total* From March 2021, the Company implemented organizational changes, such as combining and reorganizing the Clothing Department and the Household Goods Department, and making them the Lifestyle Division. Accordingly, results for the year ended Feb. 28, 2021 have been adjusted to figures after these organizational changes.Year ended Feb. 28, 2021 Year ended Feb. 28, 20225) Average Number of Employees during the PeriodFull employeesSemi-full employees (8-hour equivalent)Part-time employees (8-hour equivalent)(% of Total)Full employeesSemi-full employees (8-hour equivalent)Part-time employees (8-hour equivalent)TotalTotal(Indicators: Directly managed stores and X-SELL Department)Net sales per employee25,815 thousand yen26,236 thousand yenGross profit per employee7,683 thousand yen7,903 thousand yenPersonnel expenses per employee3,720 thousand yen3,791 thousand yenPersonnel expenses/sales ratio14.4%Personnel expenses/gross profit ratio* Number of full employees at the end of period: 2,907 in the year ended Feb. 28, 2021; 2,857 in the year ended Feb. 28, 202248.4%599.9%99.2%99.4%103.8%101.1%100.4%101.0%99.4%99.9%102.0%98.0%35.6%28.2%30.3%8.3%26.0%0.5%19.3%7.2%2.3%3.6%72.58.926.42,9125,8223,70212,43623.4%46.8%29.8%100.0%14.4%48.0%New storesStores closed (X-SELL stand-alone type stores)Number of stores at the end of the period (X-SELL stand-alone type stores)Sales floor area at the end of periodCapital investment (construction basis)Capital investment (payment basis)Non-ConsolidatedAs of Feb. 28, 2021As of Feb. 28, 20221,128,780㎡5,023 million yen8,797 million yen1,115,118㎡10,331 million yen9,833 million yenStoresSales Share6) Stores and Capital Investment7) Store Information as of February 28, 2022 (Excluding X-SELL stand-alone type stores)00271091922283110030193714100002710752.5%24.8%13.7%9.0%100.0%23.4%37.3%32.0%7.3%100.0%8) Shareholder Information (Excluding shares less than one unit)As of Feb. 28, 2021As of Feb. 28, 2022(By Store Area)20,000 m2 or moreUp to 20,000 m2Up to 10,000 m2Less than 3,000 m2Total(By Store Age)10 years or less20 years or less30 years or lessMore than 30 yearsTotal(Number of shareholders)Financial instruments tradersForeign investorsFinancial institutionsOther domestic companiesIndividuals, etc.Total(Percentage held)Financial instruments tradersForeign investorsFinancial institutionsOther domestic companiesIndividuals and treasury sharesTotal30241402986,3826,9912.1%8.8%28.8%43.0%17.3%100.0%29242402968,6679,2741.9%8.3%28.5%42.9%18.4%100.0%Consolidated 6. Consolidated reference informationAs of Feb. 28, 2021As of Feb. 28, 2022Number of stores *1New storesStores closedNumber of stores at the end of the periodNumber of employees *2　　Full employees　　Semi-full employees (8-hour equivalent)141944,44311,149331944,39910,945Capital investment (construction basis)12,450 million yen14,118 million yenCapital investment (payment basis)13,921 million yen16,336 million yen*1 The number of stores is the sum of stores from IZUMI CO., LTD., Youme Mart Kumamoto Co., Youme Mart Kitakyushu Co., Ltd., YOURS Co., Ltd. and one other company.*2 The number of full employees refers to the number of such employees at the end of the period. The number of semi-full employees represents an average number of employees during the period calculated using an eight-hour-day basis.6