P/L of Financial Results : Full Year

	＜Consolidated Financial Statements＞
	(1) Consolidated statement of income			(Thousands of yen)
			Fiscal year ended	Fiscal year ended
			May 31, 2022	May 31, 2023
	Net sales		10,354,103	11,367,532
	Cost of sales	6,269,698	6,926,841
	Gross profit		4,084,404	4,440,691
	Selling, general and administrative expenses
	Promotion expenses		353,533	369,655
	Advertising expenses	83,169	114,073
	Packing and transportation expenses		83,777	86,629
	Provision for directors' bonuses	25,500	21,900
	Salaries and allowances		776,858	922,913
	Retirement benefit expenses	30,009	32,336
	Welfare expenses		163,903	174,637
	Rent expenses	47,911	62,765
	Depreciation		90,238	90,654
	Commission fee	209,563	214,379
	Taxes and dues		91,720	106,852
	Experiment and research expenses	357,454	366,254
	Other		332,933	373,366
	Total selling, general and administrative expenses		2,646,573	2,936,421
	Operating income		1,437,830	1,504,269
	Non-operating income
	Interest income		5,748	17,528
	Dividend income	3,634	4,006
	Foreign exchange gains		14,774	65,013
	Real estate rent	125,721	131,182
	Share of profit of entities accounted for using equity method		36,969	30,805
	Other	65,009	46,783
	Total non-operating income		251,858	295,319
	Non-operating expenses
	Interest expenses		4,353	7,374
	Rent expenses on real estates	68,630	96,667
	Other		1,929	5,319
	Total non-operating expenses		74,913	109,361
	Ordinary income		1,614,776	1,690,228
	Extraordinary income
	Gain on sales of non-current assets		927	462,187
	Insurance premiums refunded cancellation		－	17,261
	Total extraordinary income		927	479,448
	Extraordinary losses
	Loss on sales of non-current assets		1,717	434
	Loss on retirement of non-current assets		－	4,885
	Impairment loss		21,420	－
	Loss on insurance cancellation		－	1,008
	Total extraordinary losses		23,138	6,329
	Income before income taxes and minority interests		1,592,565	2,163,347
	Income taxes - current		490,550	713,768
	Income taxes - deferred		△75,701	△51,576
	Total income taxes		414,849	662,191
	Profit		1,177,716	1,501,156
	Profit attributable to non-controlling interests		7,453	7,862

Profit attributable to owners of parent	1,170,263	1,493,294

(2) Consolidated statement of income

				(Thousands of yen)
			Fiscal year ended	Fiscal year ended
			May 31, 2022	May 31, 2023
	Profit		1,177,716	1,501,156
	Other comprehensive income
	Valuation difference on available-for-sale securities		△110,162	△48,930
	Deferred gains or losses on hedges	10,648	△12,646
	Foreign currency translation adjustment		299,347	186,349
	Remeasurements of defined benefit plans, net of tax	10,250	25,849
	Total other comprehensive income		210,084	150,621
	Comprehensive income		1,387,800	1,651,777
	Comprehensive income attributable to
	Comprehensive income attributable to owners of parent	1,369,858	1,643,250
	Comprehensive income attributable to non-controlling		17,942	8,526
	interests