Performance Growth

Performance growth (for each fiscal year) Note: The displayed monetary amounts are all rounded down to the specified unit.

Consolidated net sales increased 10,008 million yen (5.6%) from the previous year to 188,791 million yen. As a result, All segments, including the care service business of the Direct Selling Group, the Mister Donut business, which is the mainstay of the Food Group, other domestic consolidated subsidiaries, and overseas businesses, saw an increase in revenue.

• Note:Business segment sales include intersegment sales.

Consolidated operating profit increased 2,184 million yen (43.0%) from the previous year to 7,268 million yen. This was mainly due to an increase in gross profit resulting from higher sales, and to an improvement in the cost-to-sales ratio, mainly because RFID installation was largely completed during the previous year.

Profit attributable to owners of the parent increased 4,219 million yen (91.9%) from the previous year to 8,808 million yen. This result was mainly due to gains on sales of investment securities resulting from the sale of strategically held shares.

Net cash provided by operating activities in fiscal 2023 amounted to 16,683 million yen. On the other hand, net cash used in investing activities amounted to 5,074 million yen mainly due to purchase of securities and investment securities. As a result, free cash flow increased by 1,169 million yen from the previous year.

We have determined ordinary dividends for each fiscal year based on the higher of either a consolidated payout ratio of 60% or dividend on equity (DOE) of 2.5%. Based on this policy, the annual dividend for fiscal 2024 will be 112 yen per share. Since we have already paid an interim dividend of 50 yen per share, the year-end dividend will be 62 yen per share.

Customer-level sales increased 21,601 million yen from the previous year to 454,055 million yen. Direct Selling Group care services business performed well. Also, Mister Donut, the core business of Food Group, performed well, with both customer traffic and sales per customer increasing over the previous year.

Notes:

• 1. Customer-level sales are presented as a reference. They represent the total of sales at company-owned and subsidiary locations and the estimated sales at franchised locations.
• 2. Customer-level sales by overseas affiliates included in Other Businesses are the total from January to December of the previous year.