Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Six Months Ended September 30, 2021

[Japanese GAAP]

Company name: J-LEASE CO.,LTD.

November 10, 2021

Stock exchange listing: Tokyo

Code number: 7187

URL: https://www.j-lease.jp

Representative: Hiraku Nakashima

Representative Director Chairman, President & CEO

Contact: Shigeharu Nakashima

Senior Managing Director

Phone: 03-5909-1245

Scheduled date of filing quarterly securities report: November 10, 2021

Scheduled date of commencing dividend payments: December 01, 2021

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: Yes

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Six Months Ended September 30, 2021 (April 01, 2021 to September 30, 2021)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Six months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

September 30, 2021

4,369

24.9

883

169.3

868

183.1

582

202.7

September 30, 2020

3,498

8.7

327

268.8

306

362.2

192

516.5

(Note) Comprehensive income:

Six months ended September 30, 2021:

Six months ended September 30, 2020:

¥

582 million

[

202.7%]

¥

192 million

[

516.5%]

Basic earnings

Diluted earnings per

per share

share

Six months ended

Yen

Yen

September 30, 2021

65.79

64.58

September 30, 2020

21.86

21.42

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

September 30, 2021

8,190

1,747

21.3

March 31, 2021

8,154

1,205

14.8

(Reference) Equity: As of

September 30, 2021:

¥

1,747 million

As of

March 31, 2021:

¥

1,205 million

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021

-

0.00

-

5.00

5.00

Fiscal year ending March 31, 2022

-

15.00

Fiscal year ending March 31, 2022

-

15.00

30.00

(Forecast)

(Note) Revision to the forecast for dividends

announced most

recently:

No

(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending March 31, 2022 :

Commemorative dividend

-

yen

Special dividend

-

yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Basic earnings

owners of parent

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

9,000

18.4

1,660

75.9

1,630

78.9

1,060

91.8

119.42

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the six months ended September 30, 2021

(changes in specified subsidiaries resulting in changes in scope of consolidation):

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2021:

8,896,800

shares

March 31, 2021:

8,839,200

shares

2) Total number of treasury shares at the end of the period:

September 30, 2021:

101

shares

March 31, 2021:

60

shares

3) Average number of shares during the period:

Six months ended September 30, 2021:

8,855,105

shares

Six months ended September 30, 2020:

8,804,073

shares

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Thousand yen)

As of March 31,2021

As of September 30,2021

Assets

Current assets

Cash and deposits

1,103,317

1,171,171

Accrued guarantee

919,340

646,484

Accounts receivable commission

42,302

47,807

Advances paid of subrogation

4,991,217

4,835,154

Advances paid of collection

1,069,894

1,276,080

Supplies

11,999

9,974

Other

304,745

305,460

Allowance for doubtful accounts

(2,341,200)

(2,227,500)

Total current assets

6,101,616

6,064,633

Non-current assets

Property, plant and equipment

252,216

438,134

Intangible assets

Other

329,894

290,995

Total intangible assets

329,894

290,995

Investments and other assets

Deferred tax assets

1,247,238

1,209,560

Other

447,204

499,154

Allowance for doubtful accounts

(224,015)

(311,896)

Total investments and other assets

1,470,427

1,396,818

Total non-current assets

2,052,538

2,125,947

Total assets

8,154,155

8,190,581

(Thousand yen)

As of March 31,2021

As of September 30,2021

Liabilities

Current liabilities

Short-term borrowings

2,750,000

2,350,000

Current portion of long-term borrowings

60,048

66,720

Lease obligations

41,621

43,009

Accounts payable of collection

800,643

840,601

Accounts payable - other

465,546

373,574

Income taxes payable

379,335

266,138

Advances received

1,925,944

1,973,150

Provision for bonuses

99,400

109,536

Other

215,729

155,192

Total current liabilities

6,738,269

6,177,923

Non-current liabilities

Long-term borrowings

59,808

121,444

Lease obligations

102,104

85,555

Provision for retirement benefits for directors (and

5,015

3,612

other officers)

Asset retirement obligations

42,598

53,014

Other

882

1,567

Total non-current liabilities

210,408

265,194

Total liabilities

6,948,677

6,443,118

Net assets

Shareholders' equity

Share capital

714,558

716,372

Capital surplus

289,558

291,372

Retained earnings

201,447

739,826

Treasury shares

(49)

(89)

Total shareholders' equity

1,205,514

1,747,482

Accumulated other comprehensive income

Valuation difference on available-for-sale

(37)

(20)

securities

Total accumulated other comprehensive income

(37)

(20)

Total net assets

1,205,477

1,747,462

Total liabilities and net assets

8,154,155

8,190,581

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the six months)

(Thousand yen)

For the six months

For the six months

ended September 30,2020

ended September 30,2021

Net sales

3,498,789

4,369,552

Cost of sales

735,135

980,298

Gross profit

2,763,654

3,389,253

Selling, general and administrative expenses

2,435,665

2,505,893

Operating profit

327,988

883,360

Non-operating income

Interest income

408

8

Dividend income

10

10

Subsidy income

2,000

-

Recoveries of written off receivables

195

189

Other

251

408

Total non-operating income

2,865

616

Non-operating expenses

Interest expenses

16,676

14,111

Loss on assignment of receivables

6,011

-

Other

1,482

1,583

Total non-operating expenses

24,171

15,695

Ordinary profit

306,682

868,281

Extraordinary income

Refound of surcharges

573

-

Gain on sale of non-current assets

-

18

Total extraordinary income

573

18

Extraordinary losses

Impairment losses

2,171

-

Loss on retirement of non-current assets

133

210

Total extraordinary losses

2,305

210

Profit before income taxes

304,950

868,090

Income taxes - current

130,822

247,837

Income taxes - deferred

(18,350)

37,677

Total income taxes

112,472

285,515

Profit

192,478

582,574

Profit attributable to owners of parent

192,478

582,574

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J-Lease Co. Ltd. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 06:44:16 UTC.