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 Three Months Ended June 15, 2022

(Based on Japanese GAAP)

July 28, 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:

July 29, 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 three months ended June 15, 2022 (from March 16, 2022 to June 15, 2022)

(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

%

Three months ended June 15, 2022

68,834

-

1,567

-

1,836

-

1,178

-

Three months ended June 15, 2021

70,216

(4.8)

1,896

(39.6)

2,125

(37.4)

1,364

(36.9)

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 15, 2022

52.77

52.71

Three months ended June 15, 2021

61.16

61.05

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of June 15, 2022

194,387

104,714

53.8

4,684.06

As of March 15, 2022

191,721

104,649

54.5

4,682.61

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, 2022

-

0.00

-

50.00

50.00

Year ending March 15, 2023

-

Year ending March 15, 2023 (Forecast)

0.00

-

50.00

50.00

3. Forecast of consolidated financial results for the year ending March 15, 2023 (from March 16, 2022 to March 15, 2023)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

145,000

-

4,800

-

5,300

-

3,300

-

147.84

September 15, 2022

Full year

283,000

-

8,200

-

9,200

-

5,500

-

246.40

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended June 15, 2022 (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:

Yes

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 June 15, 2022

24,583,420

shares

As of March 15, 2022

24,583,420

shares

Number of treasury shares at the end of the period

As of June 15, 2022

2,249,122

shares

As of March 15, 2022

2,261,722

shares

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

Three months ended June 15, 2022

22,334,298

shares

Three months ended June 15, 2021

22,309,851

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 15, 2022

As of June 15, 2022

Assets

Current assets

Cash and deposits

38,959

42,551

Accounts receivable - trade

5,850

5,784

Merchandise

31,402

32,427

Supplies

30

31

Other

5,179

3,856

Total current assets

81,422

84,651

Non-current assets

Property, plant and equipment

Buildings and structures, net

39,826

39,248

Land

49,601

49,601

Other, net

3,438

3,421

Total property, plant and equipment

92,867

92,271

Intangible assets

Other

5,087

5,204

Total intangible assets

5,087

5,204

Investments and other assets

Leasehold and guarantee deposits

7,832

7,768

Other

4,510

4,490

Total investments and other assets

12,343

12,259

Total non-current assets

110,298

109,735

Total assets

191,721

194,387

Liabilities

Current liabilities

Accounts payable - trade

40,625

43,314

Current portion of long-term borrowings

9,200

8,928

Income taxes payable

1,217

742

Provision for bonuses

1,188

2,048

Provision for point card certificates

1,352

-

Contract liabilities

-

1,894

Other

7,081

7,019

Total current liabilities

60,665

63,947

Non-current liabilities

Long-term borrowings

13,719

13,443

Retirement benefit liability

8,217

8,329

Provision for point card certificates

524

-

Asset retirement obligations

2,996

3,009

Other

948

941

Total non-current liabilities

26,406

25,724

Total liabilities

87,071

89,672

3

(Millions of yen)

As of March 15, 2022

As of June 15, 2022

Net assets

Shareholders' equity

Share capital

13,001

13,001

Capital surplus

14,901

14,902

Retained earnings

81,008

81,071

Treasury shares

(4,387)

(4,362)

Total shareholders' equity

104,524

104,612

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(0)

2

Total accumulated other comprehensive income

(0)

2

Share acquisition rights

126

99

Total net assets

104,649

104,714

Total liabilities and net assets

191,721

194,387

4

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

Consolidated statements of income (cumulative)

(Millions of yen)

Three months ended

Three months ended

June 15, 2021

June 15, 2022

Net sales

70,216

68,834

Cost of sales

54,630

53,363

Gross profit

15,585

15,470

Selling, general and administrative expenses

13,689

13,903

Operating profit

1,896

1,567

Non-operating income

Interest income

6

5

Dividend income

1

1

Commission income

196

201

Revenue from sales of electric power

59

56

Other

56

91

Total non-operating income

320

357

Non-operating expenses

Interest expenses

14

11

Commission expenses

28

27

Depreciation

16

14

Other

32

34

Total non-operating expenses

91

87

Ordinary profit

2,125

1,836

Extraordinary income

Gain on sale of non-current assets

-

3

Total extraordinary income

-

3

Extraordinary losses

Loss on sale of non-current assets

21

-

Loss on retirement of non-current assets

13

16

Loss on disaster

-

36

Other

-

0

Total extraordinary losses

35

53

Profit before income taxes

2,089

1,785

Income taxes

725

607

Profit

1,364

1,178

Profit attributable to owners of parent

1,364

1,178

5

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CAWACHI Limited published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 06:33:02 UTC.