Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(Japanese GAAP)

May 7, 2021

Company name:

Joshin Denki Co., Ltd.

Stock Listing: Tokyo

Securities code:

8173

URL: https://www.joshin.co.jp/joshintop/ir_en.html

Representative:

Ryuhei Kanatani, Representative Director and President and Executive Officer

Contact:

Suguru Oshiro, Director and Executive Officer in Charge of Financial Strategy and General

Phone:

Manager of Accounting Department

+81-6-6631-1161

Scheduled date of general meeting of shareholders:

June 22, 2021

Scheduled dividend payment date:

June 23, 2021

Scheduled date for filing of annual securities report:

June 24, 2021

Supplementary documents for financial results:

Yes

Financial results briefing:

Yes (online video)

(Amounts rounded down to the nearest million yen)

1. Consolidated results for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021)

(1) Consolidated operating results

(% indicates year-on-year change)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of the parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Year ended March 31, 2021

449,121

8.1

16,550

84.3

16,555

86.0

8,873

63.8

Year ended March 31, 2020

415,643

2.9

8,979

−18.3

8,900

−19.1

5,418

−14.7

(Note) Comprehensive income:

Year ended March 31, 2021:

11,498 million yen (173.4%)

Year ended March 31, 2020:

4,204 million yen (−31.6%)

Net income

Diluted net income

ROE

Ordinary income to

Operating income

per share

per share

total asset ratio

to net sales ratio

Yen

Yen

%

%

%

Year ended March 31, 2021

331.62

-

9.4

8.1

3.7

Year ended March 31, 2020

202.84

-

6.2

4.4

2.2

(Reference) Equity in net gain

of affiliated companies:

Year ended

March 31, 2021: -

million yen

Year ended March 31, 2020: - million yen

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per

share

Million yen

Million yen

%

Yen

Year ended March 31, 2021

210,321

99,303

47.2

3,711.32

Year ended March 31, 2020

197,308

89,147

45.2

3,331.72

(Reference) Shareholders' equity:

Year ended March 31,

2021:

99,303 million yen

Year ended March 31, 2020: 89,147 million yen

(3) Consolidated cash flows

Net cash provided by

Net cash used in

Net cash used in

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of the term

Million yen

Million yen

Million yen

Million yen

Year ended March 31, 2021

25,836

-6,118

-14,433

8,618

Year ended March 31, 2020

13,022

−6,316

−7,762

3,333

2. Dividends

Annual dividends per share

Total

Ratio of

Payout ratio

dividends to

End

End

End

dividends

Year-end

Total

(consolidated)

net assets

1Q

2Q

3Q

(annual)

(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

Year ended March 31, 2020

-

0.00

-

50.00

50.00

1,341

24.6

1.5

Year ended March 31, 2021

-

0.00

-

75.00

75.00

2,011

22.6

2.1

Year ending March 31, 2022 (forecast)

-

0.00

-

75.00

75.00

25.1

1

(Note) Total dividends (annual) include the following amounts paid into the board incentive plan trust account. Year ended March 31, 2021: 4 million yen

Year ended March 31, 2020: 3 million yen

3. Forecast of consolidated operating results for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates year-on-year change)

Net sales

Operating income

Ordinary income

Net income

Net income per

share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Six-month

200,000

-11.8

4,200

-42.7

4,200

-42.3

2,700

-36.6

100.91

Full year

420,000

-6.5

12,000

-27.5

12,000

-27.5

8,000

-9.8

298.99

*Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
  2. Changes in accounting policies and changes or restatement of accounting estimates
    1. Changes in accounting policies due to amendments of accounting standards, etc.: None
    2. Changes in accounting policies other than changes in (i): None
    3. Changes in accounting estimates: Yes
    4. Restatement: None
    1. Shares outstanding (Common stock)
    1. Number of shares outstanding (including treasury stock) as of the end of the term:

28,000,000 as of March 31, 2021

28,680,333 as of March 31, 2020

  1. Number of shares of treasury stock as of the end of the term: 1,243,169 as of March 31, 2021
    1,923,189 as of March 31, 2020
  2. Average number of shares during the term:

26,757,006 as of March 31, 2021

26,711,231 as of March 31, 2020

Note: The number of shares of treasury stock includes the Company shares held in the board incentive plan trust account as stated

below.

Year ended March 31, 2021: 65,070 million yen

Year ended March 31, 2020: 65,070 million yen

(Reference) Non-consolidated results for the fiscal year ended March 31, 2021 (April 1, 2020 to March 31, 2021)

(1) Non-consolidated operating results

(% indicates year-on-year change)

Net sales

Operating income

Ordinary income

Net income

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Year ended March 31, 2021

443,696

8.1

13,638

73.8

13,642

75.4

6,919

48.0

Year ended March 31, 2020

410,402

2.8

7,848

-17.2

7,776

-18.2

4,675

-12.9

Net income

Diluted net income

per share

per share

Yen

Yen

Year ended March 31, 2021

258.60

-

Year ended March 31, 2020

175.06

-

2

(2) Non-consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per

share

Million yen

Million yen

%

Yen

Year ended March 31, 2021

202,617

84,551

41.7

3,160.01

Year ended March 31, 2020

196,980

77,359

39.3

2,891.17

(Reference) Shareholders' equity:

Year ended March 31, 2021:

84,551 million yen

Year ended March 31, 2020:

77,359 million yen

  • Summaries of financial results are not subject to reviews by a certified public accountant or an audit firm.
  • Explanations about the proper use of results forecasts and other remarks

Cautionary note regarding forward-looking statements:

The statements in this document concerning forecasts of financial results and other items are based on currently available information and certain assumptions that the Company considers reasonable. The achievement of such forecasts is not guaranteed by the Company. Actual results may vary significantly from such forecasts due to a variety of factors.

How to obtain supplementary documents to financial results:

Supplementary documents to the financial results are posted on our website.

How to obtain information on financial results:

A video explaining financial results will be posted on our website.

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Joshin Denki Co. Ltd. published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:10:29 UTC.