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.

Summary of Financial Results for the Year Ended March

2023[Japanese Standards] (Consolidated)

MAY 12, 2023

Listed Company Name:

Aoyama Trading Co., Ltd.

Listed Exchange: Tokyo Stock Exchange

Code:

8219

URL https://www.aoyama-syouji.co.jp

Representative:

(Title) President

(Name) Osamu Aoyama

Contact person:

(Title) Director, Managing Executive Officer, and

General Manager of Group Management Div.,

Manager of General Planning and Policy Dept.

(Name) Koichi Yamane

TEL: 084-920-0050

Scheduled date to hold the ordinary general meeting of shareholders:

June 29, 2023

Scheduled date to start distributing dividends: June 30, 2023

Scheduled date to submit securities report:

June 30, 2023

Preparation of supplementary material on financial results: Yes

Holding of financial results presentation meeting:

Yes (For institutional investors and analysts)

(Amounts are rounded down to the nearest million yen)

1. Consolidated financial results for the fiscal year ended in March 2023 (From April 1, 2022 to March 31, 2023)

(1) Consolidated financial results

(Presentation of percentages is the ratio of increase / decrease compared to the same period of the previous year)

Net sales

Operating income

Ordinary income

Profit attributable to owners

of parent

million yen

%

Million yen

%

million yen

%

million yen

%

Year ended March 2023

183,506

10.6

7,110

226.0

8,734

69.6

4,278

216.7

Year ended March 2022

165,961

―

2,181

―

5,150

―

1,350

―

(Note) Comprehensive income

The year ended in March 2023: 5,913 million yen (―%) The year ended in March 2022: 388 million yen (―%)

Net income per share

Diluted net income per

Return on equity

Ratio of ordinary

Ratio of operating

share

income to total assets

income to net sales

Yen

Yen

%

%

%

Year ended March 2023

85.86

―

2.6

2.7

3.9

Year ended March 2022

27.12

―

0.8

1.6

1.3

(Reference) Investment gains and losses using the equity method: The year ended in March 2023: ― million yen The year ended in March 2022: ― million yen

(Note) "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. are applied from the beginning of the previous consolidated fiscal year. Therefore, the results for the fiscal year ended March 2022 are the figures after applying the relevant accounting standards, etc. The ratio of increase / decrease from the previous term is not stated.

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

million yen

million yen

%

Yen

Year ended March 2023

336,244

170,029

49.5

3,339.33

Year ended March 2022

322,725

164,501

49.9

3,234.47

(Reference) Equity capital

The year ended in March 2023: 166,441 million yen The year ended in March 2022: 161,144 million yen

(3) Consolidated cash flows

Cash flows from operating

Cash flows from investing

Cash flows from financing

Cash and cash equivalents at

activities

activities

activities

the end of period

million yen

million yen

million yen

million yen

Year ended March 2023

23,077

-3,264

-4,483

75,657

Year ended March 2022

16,526

3,776

-469

60,281

2. Dividends

Annual dividend

Total amount of

Dividend

Ratio of

At the end of

dividends to

At the end of

At the end of

At the end of

Total

cash dividends

payout ratio

first quarter

second

third quarter

fiscal year

(total)

(Consolidated)

net assets

quarter

(Consolidated)

Yen

Yen

Yen

Yen

Yen

million yen

%

%

Year ended March 2022

―

0.00

―

8.00

8.00

401

29.5

0.2

Year ended March 2023

―

0.00

―

26.00

26.00

1,304

30.3

0.8

Year ending March 2024

―

0.00

―

42.00

42.00

29.9

(Forecast)

(Note) For details, please refer to page 9"Basic policy concerning distribution of profits and the payment of dividends for the current and next financial year".

3. Consolidated forecast for the year ending March, 2024 (From April 1, 2023 to March 31, 2024)

(Presentation of percentages is the ratio of increase / decrease compared to the same period of the previous year)

Net sales

Operating income

Ordinary income

Profit attributable to

Net income per

owners of parent

share

(Cumulative results for) the

million yen

%

million yen

%

million yen

%

million yen

%

Yen

second quarter

81,400

―

-1,600

―

-1,600

―

-2,400

―

-48.15

Full fiscal year

197,000

―

11,000

―

11,000

―

7,000

―

140.44

(Note) Rental income from real estate and rental costs of real estate, which were previously included in non-operating income and non-operating expenses, will be included in net sales and cost of sales from the fiscal year ending March 31, 2024, and the ratios of increase/decrease from the previous fiscal year and the same period of the previous fiscal year are not included in the above forecasts. The forecasts for the fiscal year ending March 31, 2024 include net sales of 1,816 million yen and operating income of 144 million yen related to real estate rental.

* Notes to the Financial Results

  1. Changes in important subsidiaries during this term (changes of specified subsidiaries entailing changes in the scope of consolidation): None
  2. Changes in accounting policies and changes or restatement of accounting estimates
    1. Changes in accounting policies due to revision of accounting standards, etc.: Yes

b) Changes in accounting policies for a reason other than the above [a]:

None

c) Changes in accounting estimates:

Yes

d) Restatement:

None

(Notes) For details, please refer to Attachment page 18 "Consolidated Financial Statements and Main Notes (5) Notes to Consolidated Financial

Statements (Changes in Accounting Policies) and (Changes of accounting estimates)".

(3) Number of outstanding shares (common shares)

Year ended March 2023

50,394,016 shares

Year ended March 2022

50,394,016 shares

a) Number of shares outstanding at the end of the

fiscal year (including treasury shares)

Year ended March 2023

551,263 shares

Year ended March 2022

572,892 shares

b) Number of treasury shares at the end of the

fiscal year

Year ended March 2023

49,834,541 shares

Year ended March 2022

49,811,324 shares

c) Average number of shares outstanding during

the term

(Note) The number of shares at the end of the fiscal year included our Company's shares (333,300 shares at the end of the fiscal year ended March 31, 2023 and 340,600 shares at the end of the fiscal year ended March 31, 2022) held by Custody Bank of Japan, Ltd. (trust account E) as trust assets associated with the employees' incentive plan, "Employee Stock Ownership Plan (J-ESOP) Trust."

Also, the number of shares held by Custody Bank of japan, Ltd. (trust account E) was included in the treasury shares deducted in calculating the average number of shares outstanding during the term (336,791 shares in the fiscal year ended March 31, 2023 and 350,691 shares in the fiscal year ended March 31, 2022).

(Reference) Overview of non-consolidated business results

1. Non-consolidated business results for the fiscal year ended in March 2023 (From April 1, 2022 to March 31, 2023)

(1) Non-consolidated financial results

(Presentation of percentages is the ratio of increase / decrease compared to the same period of the previous year)

Net sales

Operating income

Ordinary income

Net income

million yen

%

million yen

%

million yen

%

million yen

%

Year ended March 2023

121,159

8.5

3,510

872.4

5,290

71.3

2,311

23.7

Year ended March 2022

111,680

―

361

―

3,088

―

1,868

―

Net income per share

Diluted net income per share

Yen

Yen

Year ended March 2023

46.38

―

Year ended March 2022

37.51

―

(Note) "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. are applied from the beginning of the previous consolidated fiscal year. Therefore, the results for the fiscal year ended March 2022 are the figures after applying the relevant accounting standards, etc. The ratio of increase / decrease from the previous term is not stated.

(2) Non-consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

million yen

million yen

%

Yen

Year ended March 2023

242,498

146,190

60.3

2,933.03

Year ended March 2022

232,947

143,726

61.7

2,884.85

(Reference) Equity capital

The year ended in March 2023: 146,190 million yen The year ended in March 2022: 143,726 million yen

2. Non-consolidated forecast for the year ending March, 2024 (From April 1, 2023 to March 31, 2024)

(Presentation of percentages is the ratio of increase / decrease compared to the same period of the previous year)

Net sales

Operating income

Ordinary income

Net income

Net income per share

(Cumulative results for)

million yen

%

million yen

%

million yen

%

million yen

%

Yen

the second quarter

50,400

―

-3,100

―

-2,600

―

-2,800

―

-56.18

Full fiscal year

132,200

―

6,500

―

7,000

―

4,700

―

94.30

(Note) Rental income from real estate and rental costs of real estate, which were previously included in non-operating income and non-operating expenses, will be included in net sales and cost of sales from the fiscal year ending March 31, 2024, and the ratios of increase/decrease from the previous fiscal year and the same period of the previous fiscal year are not included in the above forecasts. The forecasts for the fiscal year ending March 31, 2024 include net sales of 2,900 million yen and operating income of 300 million yen related to real estate rental.

  • The financial results release is outside the scope of the audit by certified public accountants or by an audit firm.
  • Explanation of forecasts of operations and other notes

Forward-looking statements included in this document, such as forecasts of operating results, are based on information currently available to the Company and certain assumptions the Company deems reasonable, and do not represent a commitment by the Company that they will be achieved. Actual results may differ significantly from forecasts due to various factors. For assumptions of operating results forecasts and cautionary notes on the use of such forecasts, please refer to "Outlook for the next fiscal year" on page 8 of the Attached Reference Material.

(Obtaining financial results supplementary materials)

The Company will post the Supplementary Documents distributed on the meeting (web) for institutional investors and analysts held on May 17, 2023 as soon as possible on the Company website.

Summary of Financial Results for the Year Ended March 2023, Aoyama Trading Co., Ltd. (8219)

○ Contents of Attached Reference Material

  1. Overview of Results of Operations……………………………………………………………………………2
    1. Overview of Results of Operations for the Current Term……………………………………………………2
    2. Overview of financial situation for the Current Term…………………………………………………………7
    3. Overview of Cash Flows for the Current Term………………………………………………………………7
    4. Outlook for the next fiscal year………………………………………………………………………………8
    5. Basic policy concerning distribution of profits and the payment of dividends for the current and next financial year……9
  3. Basic policy concerning selection of accounting standards…………………………………………………9
  4. Consolidated Financial Statements and Main Notes…………………………………………………………10
    1. Consolidated Balance Sheet…………………………………………………………………………………10
    2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income……………12
    3. Consolidated Statement of Changes in Equity………………………………………………………………14
    4. Consolidated Statements of Cash Flows……………………………………………………………………16
    5. Notes to the Consolidated Financial Statements……………………………………………………………18 (Notes concerning the going-concern assumption)…………………………………………………………18 (Changes in accounting policies) ……………………………………………………………………………18 (Changes in accounting estimates) …………………………………………………………………………18
      (Segment information etc.)……………………………………………………………………………………18 (Per-share information)………………………………………………………………………………………23 (Significant subsequent events)………………………………………………………………………………24
  6. Non-consolidatedfinancial statements and Main Notes………………………………………………………25
    1. Balance sheet…………………………………………………………………………………………………25
    2. Statements of Income…………………………………………………………………………………………27
    3. Statement of Changes in Equity………………………………………………………………………………28
  8. Others…………………………………………………………………………………………………………30
    1. Transfers of officers…………………………………………………………………………………………30
    2. Others…………………………………………………………………………………………………………31 <>
      a) Net sales of Aoyama Trading Co., Ltd. Business wear business by product………………………………31 b) Number of stores of Aoyama Trading Co., Ltd. Business wear business……………………………………32

- 1 -

Summary of Financial Results for the Year Ended March 2023, Aoyama Trading Co., Ltd. (8219)

1. Overview of Results of Operations

(1) Overview of Results of Operations for the Current Term

Forward-looking statements in this document are based on the judgment of the group as of the end of the current consolidated fiscal year.

<>

Profit

Net sales

Operating income Ordinary income

attributable to

Net income per

(million yen)

(million yen)

(million yen)

owners of parent

share (yen)

(million yen)

Year ended

183,506

7,110

8,734

4,278

85.86

March 2023

Year ended

165,961

2,181

5,150

1,350

27.12

March 2022

Amount of increase

17,544

4,929

3,583

2,927

―

or decrease

Change year on

110.6

326.0

169.6

316.7

―

year (%)

<>

(Unit: million yen)

Net sales

Segment income or loss(-)

(operating income or loss(-))

Current

Previous

Amount of

Change Current

Previous

Amount of

Change

term

term

increase or

(%)

term

term

increase or

(%)

decrease

decrease

Business Wear Business

126,379

113,278

13,101

111.6

3,156

678

2,477

465.3

Credit Card Business

5,013

4,841

172

103.6

2,205

1,989

216

110.9

Printing and Media Business

12,299

12,159

139

101.2

514

-337

852

―

Sundry Sales Business

15,731

16,039

-307

98.1

233

488

-254

47.8

Total Repair Service Business

12,382

10,161

2,220

121.9

293

-519

813

―

Franchisee Business

13,157

10,960

2,197

120.0

872

211

661

413.7

Others

1,654

1,642

12

100.7

-316

-230

-85

―

Adjustments

-3,111

-3,120

9

―

150

-97

247

―

Total

183,506

165,961

17,544

110.6

7,110

2,181

4,929

326.0

(Note) Net sales by segment and segment income or loss (-) (operating income or loss (-)) are before eliminating inter-segment transactions.

- 2 -

Summary of Financial Results for the Year Ended March 2023, Aoyama Trading Co., Ltd. (8219)

Although the outlook remained uncertain in the current consolidated fiscal year, including the prolonged conflict in Ukraine, rising energy prices driven by rapid currency fluctuations and an associated rise in commodity prices, the Japanese economy showed signs of recovery as a result of the transition to a new stage of living with COVID-19 and the effects of various policies.

Under these circumstances, the results of the Group for the current fiscal year are as follows. These results were mainly due to the fact that net sales remained at a higher level than the previous fiscal year, which was partly attributable to the easing of restrictions on movement and going out over the period.

Net sales

183,506 million yen (110.6% of the previous fiscal year)

Operating income

7,110 million yen (326.0% of the previous fiscal year)

Ordinary income

8,734 million yen (169.6% of the previous fiscal year)

Profit attributable to owners of the parent

4,278 million yen (316.7% of the previous fiscal year)

The status of operations by business segment is described below.

Please note that net sales by segment and segment income/loss are before eliminating inter-segment transactions.

- 3 -

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Aoyama Trading Co. Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 07:08:29 UTC.