Accounting Overviews & Performance Forecasts

Fiscal 2023 accounting overview

Consolidated net sales for fiscal 2023 increased 8,288 million yen (4.9%) from the previous year to 178,782 million yen. This result was mainly due to higher sales in the Food Group although sales declined in the Direct Selling Group and Other Businesses. As for profits, consolidated operating profit decreased 3,553 million yen (41.1%) from the previous year to 5,084 million yen, and consolidated ordinary profit decreased 3,512 million yen (30.9%) to 7,863 million yen. While the Food Group posted higher sales, which resulted in an increase in gross profit, overall consolidated profits decreased. This decrease was due to a significant increase in cost of sales associated with the RFID tag installation, which we proceeded with as planned, as well as increased expenses, including computer system-related costs associated with compliance with the government's qualified invoice system, personnel expenses and freight expense. Profit attributable to owners of parent decreased 2,622 million yen (36.4%) from the previous year to 4,574 million yen. During fiscal 2023, our consolidated subsidiary Wakura Duskin Co., Ltd. posted an extraordinary loss due to damage caused by the 2024 Noto Peninsula Earthquake. On the other hand, tax expenses decreased this year, and the combination of these factors led to this result.

Millions of yen

Fiscal 2024 Performance forecast

The performance forecast for the fiscal 2024 is as indicated below.

[Consolidated]

(Units: million yen and %)

[Duskin Co., Ltd. only]

(Units: million yen and %)

• Note: The above forecasts are based on information obtainable at the time the materials were released and assumptions made at the time of material release regarding uncertain factors contributing to future performance. Actual performance may vary significantly depending on varied future factors.