Kobe Bussan : Monthly Performance for January 2023

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.

KOBE BUSSAN CO., LTD.

	February 22, 2023
Company name:	Kobe Bussan Co., Ltd.
Securities code:	3038
Listing:	Prime Market of Tokyo Stock Exchange
Representative:	Hirokazu Numata,
	President and Representative Director
Contact:	Masahiro Sakamoto,
	Manager, Corporate Planning Department

Monthly Performance for January 2023

Kobe Bussan Co., Ltd. discloses its monthly performance for January 2023 on a non-consolidated basis.

1. Trends in net sales, gross profit, operating profit, and ordinary profit (non-consolidated)
	[Net sales]				(Upper: Millions of yen, Lower: YoY %)
	Nov.	Dec.	Jan.	Feb.	Mar.	Apr.	H1
	36,947	41,392	32,684
	111.1	112.6	110.5
	May	June	July	Aug.	Sept.	Oct.	H2		Full year

[Gross profit]				(Upper: Millions of yen, Lower: YoY %)
Nov.	Dec.	Jan.	Feb.	Mar.	Apr.	H1
3,116	3,465	3,056
91.2	95.2	100.7
May	June	July	Aug.	Sept.	Oct.	H2	Full year

[Operating profit]				(Upper: Millions of yen, Lower: YoY %)
Nov.		Dec.	Jan.	Feb.	Mar.	Apr.	H1
1,725		2,062	1,607
77.7		85.1	93.9
May		June	July	Aug.	Sept.	Oct.	H2		Full year

[Ordinary profit]						(Upper: Millions of yen, Lower: YoY %)
Nov.		Dec.		Jan.		Feb.	Mar.	Apr.	H1
174			204	1,207
7.8			7.7		69.4
May		June		July		Aug.	Sept.	Oct.	H2		Full year

Note: This flash report is unaudited and the figures are subject to change. Accordingly, they are revised and updated as appropriate on a timely basis if differed from the quarterly or annual results. For the purpose of year-on-year comparison, buy-sell transactions with subsidiaries are not accounted for under the Accounting Standard for Revenue Recognition on a monthly basis. The figures under the Standard will be disclosed in the full-year financial results.

2. Trends in the number of Gyomu Super stores

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

Directly

Opened

0

3

2

managed

Closed

0

0

0

areas

Total

633

636

638

Indirectly

Opened

1

1

0

managed

Closed

0

1

1

areas

Total

372

372

371

Total franchise stores

1,005

1,008

1,009

Total directly operated stores

3

3

3

Total stores

1,008

1,011

1,012

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly

Opened

managed

Closed

areas

Total

Indirectly

Opened

managed

Closed

areas

Total

Total franchise stores

Total directly operated stores

Total stores

■ Directly managed areas (areas with franchise stores under general franchise contract)

[Hokkaido area]

Hokkaido prefecture

[Kanto area]

Tokyo, Chiba, Kanagawa, and Saitama prefectures

[Kansai area]

Osaka, Kyoto, Hyogo (excl. Awaji Island), Nara, Wakayama, and Shiga prefectures

[Kyushu area]

Fukuoka, Saga, Nagasaki, Kumamoto, Oita, and Miyazaki prefectures

• Indirectly managed areas (areas with franchise stores under area franchise contract) Prefectures other than those listed above

[Stores opened during January 2023]

Store name

Address

[Directly managed areas]

―

Miyakonojo Minobaru

8231-2Minobaru-cho,Miyakonojo-shi, Miyazaki

Wajiro

3-18-32 Wajiro, Higashi-ku,Fukuoka-shi, Fukuoka

3. Year-on-year changes in product shipments to Gyomu Super stores

(YoY %)

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

Directly managed areas

Existing stores

105.6

107.2

103.7

All stores

112.1

112.6

109.5

Nationwide*

All stores

111.6

112.5

109.3

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly managed areas

Existing stores

All stores

Nationwide*

All stores

* "Nationwide" represents the product shipments to the stores in both directly and indirectly managed areas.

4. Overview

For January 2023, we reported net sales of ¥32,684 million (up 10.5% year-on-year), gross profit of ¥3,056 million (up 0.7%), operating profit of ¥167 million (down 6.1%), and ordinary profit of ¥127 million (down 30.6%)on a non-consolidated basis.

During the period, Gyomu Super opened two stores, resulting in 1,012 stores in total, an increase of 56 stores from a year earlier. As such, net sales increased driven by the continued coverage on many television programs and social media.

Our product shipments to Gyomu Super stores remained strong, with an increase of 3.7%from a year earlier to existing stores in directly managed areas, an increase of 9.5%to all stores in directly managed areas, and an increase of 9.3%to all stores nationwide.

In terms of our product trends, conveniently available frozen vegetables and items for commercial use such as restaurants have continued showing an increase in shipments year-on-year.

From Wednesday, March 1 to Sunday, April 30, we are going to run a marketing campaign titled "Gyomu Super 1,000 Stores Celebration Sale." Through this sale, we continue to spread Gyomu Super's attractiveness to more customers. Details of the campaign can be found on our website https://www.gyomusuper.jp/sale/202303_04/(available in Japanese only).

5. Scheduled disclosure date

The flash report for February is scheduled to be released on Monday, March 20. Please note that the date of release may be changed for unavoidable reasons.