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.

June 21, 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 May 2023

Kobe Bussan Co., Ltd. discloses its monthly performance for May 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

35,364

39,845

41,342

227,577

111.1

112.6

110.5

113.8

109.6

112.5

111.7

May

June

July

Aug.

Sept.

Oct.

H2

Full year

40,175

117.7

[Gross profit]

(Upper: Millions of yen, Lower: YoY %)

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

3,116

3,465

3,060

3,406

3,946

4,305

21,300

91.2

95.2

100.8

103.9

114.8

114.2

103.5

May

June

July

Aug.

Sept.

Oct.

H2

Full year

4,363

127.1

[Operating profit]

(Upper: Millions of yen, Lower: YoY %)

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

1,725

2,062

1,668

1,988

2,222

2,690

12,357

77.7

85.1

97.5

93.9

108.0

114.5

95.9

May

June

July

Aug.

Sept.

Oct.

H2

Full year

2,861

131.9

[Ordinary profit]

(Upper: Millions of yen, Lower: YoY %)

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

H1

174

204

1,031

5,127

1,830

2,793

11,163

7.8

7.7

59.3

229.7

63.3

97.1

76.2

May

June

July

Aug.

Sept.

Oct.

H2

Full year

2,913

132.2

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

4

6

4

19

managed

Closed

0

0

0

4

0

1

5

areas

Total

633

636

638

638

644

647

+14

Indirectly

Opened

1

1

0

1

0

2

5

managed

Closed

0

1

1

0

1

0

3

areas

Total

372

372

371

372

371

373

+2

Total franchise stores

1,005

1,008

1,009

1,010

1,015

1,020

Total directly operated stores

3

3

3

3

3

3

Total stores

1,008

1,011

1,012

1,013

1,018

1,023

+16

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly

Opened

3

managed

Closed

1

areas

Total

649

Indirectly

Opened

0

managed

Closed

0

areas

Total

373

Total franchise stores

1,022

Total directly operated stores

3

Total stores

1,025

■ 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 May 2023]

Store name

Address

[Directly managed areas]

Shizunai

1-1-107 Shizunai Kibacho, Shinhidaka-cho,Hidaka-gun, Hokkaido

Higashimatsudo

2-214 Higashimatsudo, Matsudo-shi, Chiba

Keisen

41-1 Jumei, Keisen-machi,Kaho-gun, 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

103.9

106.8

103.2

106.8

105.6

All stores

112.1

112.6

109.5

112.5

108.5

112.7

111.4

Nationwide*

All stores

111.6

112.5

109.3

112.0

108.3

111.8

111.0

May

June

July

Aug.

Sept.

Oct.

H2

Full year

Directly managed areas

Existing stores

110.5

All stores

116.5

Nationwide*

All stores

116.6

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

4. Overview

For May 2023, we reported net sales of ¥40,175 million (up 17.7% year-on-year),gross profit of ¥4,363 million (up 27.1%), operating profit of ¥2,861 million (up 31.9%), and ordinary profit of ¥2,913 million (up 32.2%)on a non-consolidatedbasis.

During the period, Gyomu Super opened three stores, resulting in 1,025 stores in total, an increase of 56 stores from a year earlier. In addition, net sales also increased driven by the continued coverage on television programs and social media.

Our product shipments to Gyomu Super stores remained strong, with an increase of 10.5%from a year earlier to existing stores in directly managed areas, an increase of 16.5%to all stores in directly managed areas, and an increase of 16.6%to all stores nationwide.

In terms of our product trends, sales of conveniently available frozen vegetables have continued showing a strong positive trend, and frozen chicken products also followed this trend.

5. Scheduled disclosure date

The flash report for June is scheduled to be released on Wednesday, July 19. Please note that the date of release may be changed for unavoidable reasons.

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Disclaimer

Kobe Bussan Co. Ltd. published this content on 21 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2023 07:10:26 UTC.