 Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. 
 Summary of Consolidated Financial Results for the Year Ended May 31, 2021 (Based on Japanese GAAP) 
    July 7, 2021Company name: DAIKOKUTENBUSSAN CO.,LTD.  
Stock exchange listing: Tokyo Stock code: 2791 URL  http://www.e-dkt.co.jp/ 
Representative: President and Representative Director SHOJI OGA 
Inquiries: Senior Managing Director, 
General Manager, Corporate Strategy Office TOMOHIRO KAWATA TEL  086-435-1100 
Scheduled date of ordinary general meeting of shareholders: August 25, 2021 
Scheduled date to file Securities Report: August 25, 2021 Scheduled date to commence dividend payments: August 26, 2021 
Preparation of supplementary material on financial results: No  Holding of financial results meeting: Yes    (Amounts less than one million yen are rounded down)1. Consolidated financial results for the year ended May 31, 2021 (from June 1, 2020 to May 31, 2021) 
(1) Consolidated operating results Percentages indicate year-on-year changes  
  Net sales Operating profit Ordinary profit Profit attributable to owners of parent 
  Millions of yen % Millions of yen % Millions of yen % Millions of yen % 
Year ended May 31, 2021 221,551 4.5 8,599 44.9 8,827 43.6 5,518 47.7 
Year ended May 31, 2020 212,059 15.6 5,935 116.5 6,149 110.7 3,735 – 
  Earnings per share Diluted earnings per share 
Profit attributable to owners of 
parent/equity 
Ordinary profit/total assets Operating profit/net sales 
  Yen Yen % % % 
Year ended May 31, 2021 396.21 396.16 14.2 11.8 3.9 
Year ended May 31, 2020 267.50 – 10.8 8.4 2.8 
 (2) Consolidated financial position   Total assets Net assets Equity ratio Net assets per share 
  Millions of yen Millions of yen % Yen 
As of May 31, 2021 75,635 41,537 54.7 2,971.58 
As of May 31, 2020 73,489 36,331 49.3 2,598.76 
 (3) Consolidated cash flows 
  Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period 
  Millions of yen Millions of yen Millions of yen Millions of yen 
Year ended May 31, 2021 9,853 (7,006)(2,436)7,857 
Year ended May 31, 2020 13,263 (5,673)(7,506)7,446 
 2. Cash dividends 
   Annual dividends per share Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total 
  Yen Yen Yen Yen Yen Millions of yen % % 
Year ended May 31, 2020 – 0.00 – 27.00 27.00 376 10.1 1.0 
Year ended May 31, 2021 – 0.00 – 29.00 29.00 403 7.3 1.0 
Year ending May 31, 2022 (Forecast) – 0.00 – 29.00 29.00  8.4  
3. Forecast of consolidated financial results for the year ending May 31, 2022 (from June 1, 2021 to May 31, 2022) 
 Percentages indicate year-on-year changes  
  Net sales Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share 
  Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 
Six months ending November 30, 2021 109,500 – 3,600 (21.7)3,700 (22.2)2,200 (24.4)157.94 
Full year 222,700 – 7,900 (8.1)8,000 (9.4)4,800 (13.0)344.60 
 4. Notes (1) Changes in significant subsidiaries during the year ended May 31, 2021  
(changes in specified subsidiaries resulting in the change in scope of consolidation): No 
 (2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: No 
Changes in accounting policies due to other reasons: No Changes in accounting estimates: No 
Restatement of prior period financial statements: No  (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) 
 As of May 31, 2021 14,474,200 shares As of May 31, 2020 14,474,200 shares 
Number of treasury shares at the end of the period 
 As of May 31, 2021 545,320 shares As of May 31, 2020 545,320 shares 
Average number of shares during the period 
 Year ended May 31, 2021 13,928,880 shares Year ended May 31, 2020 13,963,142 shares 
Consolidated financial statements Consolidated balance sheets 
  (Millions of yen) 
 As of May 31, 2020 As of May 31, 2021 
Assets   
Current assets   
Cash and deposits 7,446 7,857 
Notes and accounts receivable - trade 110 126 
Merchandise and finished goods 5,970 6,529 
Work in process 171 92 
Raw materials and supplies 351 304 
Other 5,448 4,183 
Allowance for doubtful accounts (203) (203) 
Total current assets 19,296 18,889 
Non-current assets   
Property, plant and equipment   
Buildings and structures 52,331 55,087 
Accumulated depreciation (25,618) (28,398) 
Buildings and structures, net 26,712 26,688 
Machinery, equipment and vehicles 3,024 3,272 
Accumulated depreciation (1,578) (2,149) 
Machinery, equipment and vehicles, net 1,445 1,123 
Tools, furniture and fixtures 11,541 12,791 
Accumulated depreciation (7,399) (8,608) 
Tools, furniture and fixtures, net 4,141 4,183 
Land 7,944 8,101 
Leased assets 1,015 1,292 
Accumulated depreciation (566) (673) 
Leased assets, net 449 619 
Construction in progress 274 2,458 
Other 877 881 
Accumulated depreciation (404) (371) 
Other, net 473 509 
Total property, plant and equipment 41,443 43,685 
Intangible assets 338 322 
Investments and other assets   
Investment securities 374 445 
Long-term loans receivable 23 23 
Construction assistance fund receivables 1,814 1,677 
Deferred tax assets 3,833 4,256 
Guarantee deposits 4,825 4,907 
Other 1,624 1,483 
Allowance for doubtful accounts (84) (55) 
Total investments and other assets 12,411 12,738 
Total non-current assets 54,193 56,746 
Total assets 73,489 75,635 
  (Millions of yen) 
 As of May 31, 2020 As of May 31, 2021 
Liabilities   
Current liabilities   
Notes and accounts payable - trade 14,988 13,385 
Short-term borrowings 3,793 3,904 
Lease obligations 111 173 
Income taxes payable 2,048 2,520 
Provision for bonuses 484 555 
Asset retirement obligations 6 6 
Other 7,772 7,438 
Total current liabilities 29,206 27,983 
Non-current liabilities   
Long-term borrowings 3,112 1,070 
Lease obligations 364 488 
Deferred tax liabilities 192 146 
Retirement benefit liability 41 40 
Asset retirement obligations 2,730 2,909 
Other 1,511 1,457 
Total non-current liabilities 7,951 6,114 
Total liabilities 37,157 34,097 
Net assets   
Shareholders' equity   
Share capital 1,661 1,661 
Capital surplus 1,823 1,823 
Retained earnings 33,553 38,695 
Treasury shares (880) (880) 
Total shareholders' equity 36,157 41,300 
Accumulated other comprehensive income   
Valuation difference on available-for-sale securities 39 90 
Total accumulated other comprehensive income 39 90 
Share acquisition rights 42 46 
Non-controlling interests 91 100 
Total net assets 36,331 41,537 
Total liabilities and net assets 73,489 75,635 
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income 
  (Millions of yen) 
 Fiscal year ended  
May 31, 2020 
Fiscal year ended  
May 31, 2021 
Net sales 212,059 221,551 
Cost of sales 162,287 168,526 
Gross profit 49,772 53,025 
Selling, general and administrative expenses   
Salalaries allowances and bonuses 18,652 19,615 
Provision for bonuses 457 526 
Retirement benefit expenses 75 70 
Utilities expenses 3,628 3,433 
Rent expenses 6,190 6,382 
Depreciation 4,249 4,281 
Provision of allowance for doubtful accounts 0 0 
Other 10,582 10,116 
Total selling, general and administrative expenses 43,837 44,425 
Operating profit 5,935 8,599 
Non-operating income   
Interest income 30 29 
Dividend income 3 3 
Rental income 90 87 
Reversal of allowance for doubtful accounts – 27 
Insurance claim income 115 136 
Other 95 58 
Total non-operating income 335 342 
Non-operating expenses   
Interest expenses 35 25 
Rental expenses 52 49 
Provision of allowance for doubtful accounts 28 – 
Loss on disposal of non-current assets – 34 
Other 4 5 
Total non-operating expenses 121 114 
Ordinary profit 6,149 8,827 
Extraordinary income   
Gain on sale of non-current assets 67 2 
Subsidy income 18 35 
Total extraordinary income 86 38 
Extraordinary losses   
Loss on sale of non-current assets 24 – 
Impairment losses 326 177 
Loss on tax purpose reduction entry of non-current assets 18 35 
Total extraordinary losses 369 212 
Profit before income taxes 5,866 8,653 
Income taxes - current 2,829 3,614 
Income taxes - deferred (709) (490) 
Total income taxes 2,120 3,124 
Profit 3,745 5,528 
Profit attributable to non-controlling interests 10 9 
Profit attributable to owners of parent 3,735 5,518 
Consolidated statements of comprehensive income 
  (Millions of yen) 
 Fiscal year ended  
May 31, 2020 
Fiscal year ended  
May 31, 2021 
Profit 3,745 5,528 
Other comprehensive income   
Valuation difference on available-for-sale securities 25 50 
Total other comprehensive income 25 50 
Comprehensive income 3,771 5,578 
Comprehensive income attributable to   
Comprehensive income attributable to owners of parent 3,761 5,569 
Comprehensive income attributable to non-controlling interests 10 9 
Consolidated statements of changes in equity Fiscal year ended May 31, 2020 
    (Millions of yen) 
 Shareholders' equity 
 Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity 
Balance at beginning of period 1,661 1,823 30,168 (557) 33,096 
Changes during period      
Dividends of surplus   (350)  (350) 
Profit attributable to owners of parent   3,735  3,735 
Purchase of treasury shares    (323) (323) 
Net changes in items other than shareholders' equity      
Total changes during period – – 3,384 (323) 3,061 
Balance at end of period 1,661 1,823 33,553 (880) 36,157 
 Accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets 
 Valuation difference on available-for-sale securities 
Balance at beginning of period 14 28 80 33,219 
Changes during period     
Dividends of surplus    (350) 
Profit attributable to owners of parent    3,735 
Purchase of treasury shares    (323) 
Net changes in items other than shareholders' equity 25 13 10 49 
Total changes during period 25 13 10 3,111 
Balance at end of period 39 42 91 36,331 
Fiscal year ended May 31, 2021 
    (Millions of yen) 
 Shareholders' equity 
 Share capital Capital surplus Retained earnings Treasury shares Total shareholders' equity 
Balance at beginning of period 1,661 1,823 33,553 (880) 36,157 
Changes during period      
Dividends of surplus   (376)  (376) 
Profit attributable to owners of parent   5,518  5,518 
Purchase of treasury shares     – 
Net changes in items other than shareholders' equity      
Total changes during period – – 5,142 – 5,142 
Balance at end of period 1,661 1,823 38,695 (880) 41,300 
 Accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets 
 Valuation difference on available-for-sale securities 
Balance at beginning of period 39 42 91 36,331 
Changes during period     
Dividends of surplus    (376) 
Profit attributable to owners of parent    5,518 
Purchase of treasury shares    – 
Net changes in items other than shareholders' equity 50 3 9 63 
Total changes during period 50 3 9 5,206 
Balance at end of period 90 46 100 41,537 
Consolidated statements of cash flows 
  (Millions of yen) 
 Fiscal year ended  
May 31, 2020 
Fiscal year ended  
May 31, 2021 
Cash flows from operating activities   
Profit before income taxes 5,866 8,653 
Depreciation 5,343 5,582 
Increase (decrease) in provision for bonuses 25 71 
Increase (decrease) in allowance for doubtful accounts 25 (28) 
Impairment losses 326 177 
Interest and dividend income (34) (32) 
Interest expenses 35 25 
Loss (gain) on sale of property, plant and equipment (43) (2) 
Subsidy income (18) (35) 
Loss on tax purpose reduction entry of non-current assets 18 35 
He amount of rent offset of constrution assistance fund 
receceivables 194 195 
He amount of rent off set of constrution assistance fund 
receivables deposited (48) (48) 
Decrease (increase) in trade receivables 153 (15) 
Decrease (increase) in inventories 121 (432) 
Decrease (increase) in other current assets (1,260) 1,256 
Increase (decrease) in trade payables 2,498 (1,603) 
Increase (decrease) in other current liabilities 1,536 (878) 
Increase (decrease) in other non-current liabilities 24 27 
Other, net 41 23 
Subtotal 14,806 12,968 
Interest and dividends received 7 7 
Interest paid (31) (20) 
Subsidies received 32 35 
Income taxes paid (1,551) (3,137) 
Net cash provided by (used in) operating activities 13,263 9,853 
Cash flows from investing activities   
Purchase of property, plant and equipment (5,380) (6,823) 
Proceeds from sale of property, plant and equipment 268 79 
Purchase of intangible assets (158) (125) 
Expense by payment of guarantee money paid (190) (159) 
Proceeds from refund of guarantee deposits 75 125 
Payments of construction assistance fund receivables (232) (30) 
Long-term loan advances – (4) 
Proceeds from collection of long-term loans receivable 1 2 
Other, net (57) (70) 
Net cash provided by (used in) investing activities (5,673) (7,006) 
  (Millions of yen) 
 Fiscal year ended  
May 31, 2020 
Fiscal year ended  
May 31, 2021 
Cash flows from financing activities   
Increase (decrease) in short-term borrowings (3,250) 1,200 
Proceeds from long-term borrowings 665 – 
Repayments of long-term borrowings (4,083) (3,131) 
Repayments of lease obligations (164) (128) 
Purchase of treasury shares (323) – 
Dividends paid (350) (376) 
Net cash provided by (used in) financing activities (7,506) (2,436) 
Net increase (decrease) in cash and cash equivalents 83 410 
Cash and cash equivalents at beginning of period 7,363 7,446 
Cash and cash equivalents at end of period 7,446 7,857 