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 Nine Months Ended December 15, 2021 (Based on Japanese GAAP)

January 27, 2022

Company name:

CAWACHI LIMITED

Stock exchange listing:

Tokyo

Stock code:

2664

URL https://www.cawachi.co.jp/

Representative:

President

Shinji Kawachi

Inquiries:

Corporate Officer

Hiroshi Asuke

TEL 0285-32-1131

Director Administration Manager

Scheduled date to file Quarterly Securities Report:

January 28, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 15, 2021 (from March 16, 2021 to December 15, 2021)

(1) Consolidated operating results (cumulative)

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

%

Nine months ended December 15, 2021

211,498

(2.1)

6,258

(28.3)

7,007

(25.8)

4,634

(25.8)

Nine months ended December 15, 2020

216,078

7.0

8,728

127.2

9,449

107.9

6,250

113.7

Earnings per share

Diluted earnings per share

Yen

Yen

Nine months ended December 15, 2021

207.68

207.32

Nine months ended December 15, 2020

280.24

280.05

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of December 15, 2021

194,290

104,449

53.7

4,673.59

As of March 15, 2021

194,100

100,857

51.9

4,517.46

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 15, 2021

-

0.00

-

50.00

50.00

Year ending March 15, 2022

-

0.00

-

Year ending March 15, 2022 (Forecast)

50.00

50.00

3. Forecast of consolidated financial results for the year ending March 15, 2022 (from March 16, 2021 to March 15, 2022)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

282,000

(0.9)

8,000

(24.2)

9,000

(22.3)

5,800

(18.4)

259.91

1

4. Notes

  1. Changes in significant subsidiaries during the nine months ended December 15, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

Yes

(3) 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

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of December 15, 2021

24,583,420

shares

As of March 15, 2021

24,583,420

shares

Number of treasury shares at the end of the period

As of December 15, 2021

2,261,722

shares

As of March 15, 2021

2,274,254

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 15, 2021

22,317,765

shares

Nine months ended December 15, 2020

22,302,732

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 15, 2021

As of December 15, 2021

Assets

Current assets

Cash and deposits

41,235

39,895

Accounts receivable - trade

5,368

5,568

Merchandise

30,729

33,308

Supplies

32

37

Other

5,429

5,109

Total current assets

82,796

83,918

Non-current assets

Property, plant and equipment

Buildings and structures, net

40,153

39,590

Land

50,105

49,986

Other, net

3,665

3,511

Total property, plant and equipment

93,924

93,088

Intangible assets

Other

4,918

4,955

Total intangible assets

4,918

4,955

Investments and other assets

Leasehold and guarantee deposits

7,988

7,882

Other

4,471

4,445

Total investments and other assets

12,460

12,327

Total non-current assets

111,303

110,372

Total assets

194,100

194,290

Liabilities

Current liabilities

Accounts payable - trade

41,220

43,549

Short-term borrowings

-

100

Current portion of long-term borrowings

10,259

9,312

Income taxes payable

3,065

490

Provision for bonuses

1,364

2,065

Provision for point card certificates

1,188

1,316

Provision for loss on disaster

134

-

Other

7,805

6,919

Total current liabilities

65,037

63,752

Non-current liabilities

Long-term borrowings

16,151

13,546

Retirement benefit liability

7,718

8,064

Provision for point card certificates

513

609

Asset retirement obligations

2,840

2,912

Other

981

955

Total non-current liabilities

28,205

26,088

Total liabilities

93,243

89,841

3

(Millions of yen)

As of March 15, 2021

As of December 15, 2021

Net assets

Shareholders' equity

Share capital

13,001

13,001

Capital surplus

14,899

14,901

Retained earnings

77,293

80,812

Treasury shares

(4,411)

(4,387)

Total shareholders' equity

100,782

104,328

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(2)

(5)

Total accumulated other comprehensive income

(2)

(5)

Share acquisition rights

76

126

Total net assets

100,857

104,449

Total liabilities and net assets

194,100

194,290

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Nine months ended

Nine months ended

December 15, 2020

December 15, 2021

Net sales

216,078

211,498

Cost of sales

167,401

164,104

Gross profit

48,676

47,393

Selling, general and administrative expenses

39,947

41,135

Operating profit

8,728

6,258

Non-operating income

Interest income

21

19

Dividend income

4

2

Commission income

623

613

Revenue from sales of electric power

158

163

Other

230

253

Total non-operating income

1,039

1,052

Non-operating expenses

Interest expenses

48

39

Commission expenses

127

118

Depreciation

56

49

Other

86

96

Total non-operating expenses

318

303

Ordinary profit

9,449

7,007

Extraordinary income

Gain on sales of non-current assets

31

-

Total extraordinary income

31

-

Extraordinary losses

Loss on sales of non-current assets

6

21

Loss on retirement of non-current assets

39

22

Impairment loss

151

-

Other

18

12

Total extraordinary losses

216

57

Profit before income taxes

9,265

6,949

Income taxes

3,015

2,314

Profit

6,250

4,634

Profit attributable to owners of parent

6,250

4,634

5

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CAWACHI Limited published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 06:15:04 UTC.