This English translation of the financial report was prepared for reference purposes only and is qualified in its entirety by the original Japanese version. The financial information contained in this report is derived from our unaudited consolidated financial statements.

Consolidated Financial Report

For the Year Ended February 28, 2021 (IFRS)

April 14, 2021

Company Name：

KOMEDA Holdings Co., Ltd.

Stock Exchange Listing：Tokyo and Nagoya

Securities Code：

3543

URL：http://www.komeda-holdings.co.jp/en/index.html

Representative：

Okitane Usui, President & CEO

Contact for enquiries

Hiroki Shimizu, Director & CFO

(TEL) +81-52-936-8880

Date of the ordinary general shareholders' meeting： May 27, 2021

Filing date of security report (as planned)：

May 28, 2021

Dividend payable date (as planned) ：

May 13, 2021

Supplemental material of financial results：Yes

Convening briefing of financial results

：Yes

(Millions of yen; amounts are rounded to the nearest million yen)

1. Consolidated Financial Results for the Year Ended February 28, 2021

(1) Consolidated Operating Results

(Percentages represent year-on-year changes)

Net income

Total

Operating

Income before

attributable to

Revenue

Net income

comprehensive

profit

income taxes

owners

Income

of the parent

(Millions

%

(Millions

%

(Millions

%

(Millions

%

(Millions

%

(Millions

%

Fiscal year ended

of yen)

of yen)

of yen)

of yen)

of yen)

of yen)

February 28, 2021

28,836

(7.6)

5,511

(30.0)

5,391

(30.7)

3,602

(32.9)

3,590

(33.2)

3,612

(32.7)

February 29, 2020

31,219

2.9

7,878

4.1

7,775

4.2

5,369

5.0

5,376

5.0

5,369

5.4

Basic earnings

Diluted earnings

Ratio of net income to

Ratio of income before

Ratio of operating

equity attributable to

income taxes

per share

per share

profit to revenue

owners of the parent

to total assets

Fiscal year ended

(Yen)

(Yen)

(%)

(%)

(%)

February 28, 2021

77.89

77.67

10.6

5.2

19.1

February 29, 2020

117.27

116.69

17.2

9.4

25.2

(2) Consolidated Financial Position

Equity attributable to

Ratio of equity

Equity per share

attributable to

Total assets

Total equity

owners of the

attributable to

owners of the parent

parent

owners of parent

to total assets

As of

(Millions of yen)

(Millions of yen)

(Millions of yen)

(%)

(Yen)

February 28, 2021

109,536

34,833

34,792

31.8

754.27

February 29, 2020

98,438

33,213

33,186

33.7

719.87

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents

operating activities

investment activities

financing activities

at end of the year

Fiscal year ended

(Millions of yen)

(Millions of yen)

(Millions of yen)

(Millions of yen)

February 28, 2021

10,359

(11,556)

1,889

7,301

February 29, 2020

9,318

(1,372)

(7,169)

6,609

2. Dividends

Dividends per share

Total

Payout ratio

Ratio of dividends to equity

First

Second

Third

Fourth

attributable to owners of the

Total

dividends

(Consolidated)

quarter

quarter

quarter

quarter

parent (Consolidated)

Fiscal year ended

(Yen)

(Yen)

(Yen)

(Yen)

(Yen)

(Millions of yen)

(%)

(%)

February 29, 2020

－

25.00

－

26.00

51.00

2,349

43.5

7.5

February 28, 2021

－

18.00

－

21.00

39.00

1,798

50.1

5.3

Fiscal year ending

－

25.00

－

26.00

51.00

－

February 28, 2022 (Forecasted)

3. Forecasts on the Consolidated Financial Results for the Fiscal Year Ending February 28, 2022 (March 1, 2021

  • February 28, 2022)

(Percentages represent year-on-year changes)

Net income

Basic

Operating

Income before

attributable to

Revenue

Net income

earnings

profit

income taxes

owners

per share

of the parent

(Millions

％

(Millions

％

(Millions

％

(Millions

％

(Millions

％

(Yen)

of yen)

of yen)

of yen)

of yen)

of yen)

Fiscal year ending

32,900

14.2

7,250

31.6

7,100

31.7

4,865

35.1

4,850

35.1

105.18

February 28, 2022

(1) Changes in status of significant subsidiaries during the year

(changes in specified subsidiaries accompanying changes in : No

scope of consolidation)

The number of newly consolidated subsidiary

(2) Changes in accounting policies and accounting estimates

(i) Changes in accounting policies required by IFRSs

: No

(ii) Changes in accounting policies other than those in (i)

: Yes (*)

(iii) Changes in accounting estimates

: No

  1. The amendment to IFRS 16 "COVID-19 Related Rent Concessions", published in May 2020, has been early adopted effective June 1, 2020. The impact of this adoption is immaterial.
  1. Number of issued shares (common stock)
  1. Number of issued shares (including treasury stock)
  2. Number of treasury stock
  3. Average number of issued shares during the year

As of February 28, 2021

46,117,350

As of February 29, 2020

46,083,600

As of February 28, 2021

7,183

As of February 29, 2020

3,977

Fiscal year ended

46,091,272

Fiscal year ended

45,838,444

February 28, 2021

February 29, 2020

  • This report is not subject to audit procedures.
  • Notes for using forecasted information and other matters
    The forecasts above are based on information available at the date of this report and certain assumptions deemed to be reasonable. The Company does not provide any assurance as to achievement of these forecasts. In addition, the actual results may vary materially from the forecasts due to various uncertainties.
  • Method of obtaining supplemental materials
    Supplementary materials will be published on our website of KOMEDA Holdings Co., Ltd. on April 16, 2021.
  • Change in Monetary Unit:
    In previous consolidated financial statements, the unit for accounting items was stated at thousands of yen. However, starting from the first quarter ended May 31, 2020, the unit has been changed to millions of yen.
    To ensure comparability, comparative information have been also restated to millions of yen.

(Appendix) Contents

Consolidated Financial Statements

  1. Consolidated Statements of Financial Position ・・・・・・・・・・ 1
  2. Consolidated Statements of Income ・・・・・・・・・・・・・・・ 2
  3. Consolidated Statements of Cash Flows ・・・・・・・・・・・・・ 3

Consolidated Financial Statements

(1) Consolidated Statements of Financial Position (Unaudited)

(Millions of yen)

As of

February 29, 2020

February 28, 2021

Assets

Current assets

Cash and cash equivalents

6,609

7,301

Trade and other receivables

6,341

5,195

Other financial assets

4,133

14,128

Inventories

201

317

Other current assets

936

997

Total current assets

18,220

27,938

Non-current assets

Property, plant and equipment

12,162

12,819

Goodwill

38,354

38,354

Other intangible assets

163

217

Trade and other receivables

25,932

26,473

Other financial assets

3,004

3,206

Deferred tax assets

298

325

Other non-current assets

305

204

Total non-current assets

80,218

81,598

Total assets

98,438

109,536

Liabilities and equity

Liabilities

Current liabilities

Trade payables

1,550

1,488

Short-term borrowings

3,095

12,705

Lease liabilities

2,292

3,056

Income tax payable

1,222

2,652

Other financial liabilities

1,740

1,955

Other current liabilities

1,374

1,915

Total current liabilities

11,273

23,771

Non-current liabilities

Long-term debt

17,452

14,861

Lease liabilities

29,753

29,335

Other financial liabilities

6,129

6,057

Provisions

225

308

Other non-current liabilities

393

371

Total non-current liabilities

53,952

50,932

Total liabilities

65,225

74,703

Equity

Common stock

613

625

Capital surplus

13,096

13,127

Retained earnings

19,495

21,057

Treasury stock

(10)

(17)

Other components of equity

(8)

（0)

Equity attributable to owners of the parent

33,186

34,792

Non-controlling interests

27

41

Total equity

33,213

34,833

Total liabilities and equity

98,438

109,536

1

Consolidated Financial Statements

(2) Consolidated Statements of Income (Unaudited)

(Millions of yen)

Year ended

February 29, 2020

February 28, 2021

Revenue

31,219

28,836

Cost of sales

(19,132)

(18,477)

Gross profit

12,087

10,359

Other operating income

166

307

Selling, general and administrative expenses

(4,301)

(4,620)

Other operating expenses

(74)

(535)

Operating profit

7,878

5,511

Financial income

21

19

Financial expense

(124)

(139)

Income before income taxes

7,775

5,391

Income taxes

(2,406)

(1,789)

Net income

5,369

3,602

Net income attributable to:

Owners of the parent

5,376

3,590

Non-controlling interests

(7)

12

Net income

5,369

3,602

Interim earnings per share

Basic (Yen)

117.27

77.89

Diluted (Yen)

116.69

77.67

2

Consolidated Financial Statements

(3) Consolidated Statements of Cash Flows (Unaudited)

(Millions of yen)

Year ended

February 29, 2020

February 28, 2021

Cash flows from operating activities

Income before income taxes

7,775

5,391

Depreciation and amortization

1,114

1,429

Financial income

(21)

(19)

Financial expense

124

139

Decrease (increase) in trade and other receivables

290

706

Decrease (increase) in guarantee deposits and construction

(175)

(95)

assistance fund receivables

Decrease (increase) in other financial assets

(14)

8

Increase (decrease) in trade payables

316

(127)

Increase (decrease) in guarantee deposits received and

22

(39)

construction assistance fund received

Increase (decrease) in other financial liabilities

2,193

2,505

Others

343

920

Subtotal

11,968

10,818

Interest received

5

1

Interest paid

(63)

(66)

Income taxes paid

(3,081)

(928)

Income taxes refunded

489

534

Net cash provided by operating activities

9,318

10,359

Cash flows from investing activities

Decrease (increase) in time deposits

－

(10,000)

Purchase of property, plant and equipment

(1,270)

(1,382)

Purchase of intangible assets

(105)

(102)

Others

4

(72)

Net cash used in investing activities

(1,372)

(11,556)

Cash flows from financing activities

Proceeds from short-term borrowings

－

10,130

Repayment of long-term debt

(3,121)

(3,135)

Repayments of lease liabilities

(2,753)

(3,096)

Proceeds from issuance of common stock

89

20

Proceeds from disposal of treasury stock

898

－

Cash dividends paid to owners of the parent

(2,283)

(2,030)

Net cash provided by (used in) financing activities

(7,169)

1,889

Effect of exchange rate changes on cash and

cash equivalents

(10)

0

Net increase (decrease) in cash and cash equivalents

767

692

Cash and cash equivalents at beginning of period

5,841

6,609

Cash and cash equivalents at end of period

6,609

7,301

3

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Komeda Holdings Co. Ltd. published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 06:32:06 UTC.