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 30, 2022 (Based on Japanese GAAP)

July 26, 2022

Company name:

KOMERI CO., LTD.

Stock exchange listing:

Tokyo

Stock code:

8218

URL

https://www.komeri.bit.or.jp

Representative:

President, CEO and COO

Yuichiro Sasage

Inquiries:

Director and Managing Executive Officer

Hiroshi Hayakawa

TEL 025(371)4111

Scheduled date to file Quarterly Securities Report:

August 15, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

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 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Operating revenue

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 30, 2022

107,595

1.1

10,595

1.9

10,199

(2.2)

6,916

(1.1)

Three months ended June 30, 2021

106,431

-

10,396

-

10,429

-

6,992

-

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2022

141.84

-

Three months ended June 30, 2021

140.61

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2022

363,268

218,088

60.0

As of March 31, 2022

354,788

213,840

60.3

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 31, 2022

-

23.00

-

23.00

46.00

Year ending March 31, 2023

-

Year ending March 31, 2023 (Forecast)

25.00

-

25.00

50.00

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 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

203,000

3.1

18,300

3.1

18,300

2.4

12,500

3.9

254.96

September 30, 2022

Full year

385,000

2.4

28,500

2.4

28,600

1.2

18,100

1.1

369.18

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended June 30, 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

No

(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 30, 2022

54,409,168

shares

As of March 31, 2022

54,409,168

shares

Number of treasury shares at the end of the period

As of June 30, 2022

5,902,983

shares

As of March 31, 2022

5,381,744

shares

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

Three months ended June 30, 2022

48,764,570

shares

Three months ended June 30, 2021

49,731,243

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Assets

Current assets

Cash and deposits

19,422

29,293

Notes and accounts receivable - trade, and contract assets

23,232

24,338

Merchandise and finished goods

115,646

112,438

Raw materials and supplies

246

231

Other

6,328

7,660

Allowance for doubtful accounts

(784)

(819)

Total current assets

164,092

173,144

Non-current assets

Property, plant and equipment

Buildings and structures, net

117,539

116,515

Land

36,033

36,033

Leased assets, net

4,265

4,243

Other, net

5,414

5,764

Total property, plant and equipment

163,252

162,556

Intangible assets

8,934

8,916

Investments and other assets

Investment securities

1,638

1,521

Deferred tax assets

7,269

7,526

Leasehold and guarantee deposits

7,432

7,390

Other

2,169

2,214

Allowance for doubtful accounts

(0)

(1)

Total investments and other assets

18,508

18,651

Total non-current assets

190,695

190,124

Total assets

354,788

363,268

3

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade

28,703

23,312

Electronically recorded obligations - operating

31,741

42,871

Current portion of long-term borrowings

13,933

13,625

Lease liabilities

1,529

1,516

Income taxes payable

3,623

3,653

Provision for bonuses

1,850

2,969

Provision for bonuses for directors (and other officers)

21

4

Provision for point card certificates

139

158

Provision for loss on disaster

208

223

Other

19,817

17,834

Total current liabilities

101,568

106,168

Non-current liabilities

Long-term borrowings

19,937

19,637

Lease liabilities

3,128

3,101

Provision for retirement benefits for directors (and other

120

120

officers)

Provision for share awards for directors (and other

184

187

officers)

Retirement benefit liability

6,161

6,219

Asset retirement obligations

7,735

7,692

Other

2,111

2,051

Total non-current liabilities

39,379

39,011

Total liabilities

140,947

145,179

Net assets

Shareholders' equity

Share capital

18,802

18,802

Capital surplus

25,260

25,260

Retained earnings

182,463

188,233

Treasury shares

(13,197)

(14,619)

Total shareholders' equity

213,327

217,676

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

347

270

Deferred gains or losses on hedges

11

7

Remeasurements of defined benefit plans

154

134

Total accumulated other comprehensive income

513

412

Total net assets

213,840

218,088

Total liabilities and net assets

354,788

363,268

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 30, 2021

June 30, 2022

Net sales

102,769

103,945

Cost of sales

69,567

70,562

Gross profit

33,201

33,382

Operating revenue

3,662

3,649

Operating gross profit

36,863

37,032

Selling, general and administrative expenses

26,467

26,436

Operating profit

10,396

10,595

Non-operating income

Interest income

4

4

Hoard profit of prepaid card

0

27

Subsidy income

30

19

Other

79

46

Total non-operating income

113

99

Non-operating expenses

Interest expenses

30

25

Foreign exchange losses

41

433

Other

8

36

Total non-operating expenses

80

495

Ordinary profit

10,429

10,199

Extraordinary income

Insurance claim income

-

18

Total extraordinary income

-

18

Extraordinary losses

Loss on disposal of non-current assets

94

33

Loss on disaster

19

87

Impairment losses

-

2

Total extraordinary losses

113

124

Profit before income taxes

10,316

10,093

Income taxes - current

3,121

3,422

Income taxes - deferred

202

(246)

Total income taxes

3,323

3,176

Profit

6,992

6,916

Profit attributable to owners of parent

6,992

6,916

5

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Komeri Co. Ltd. published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 06:31:11 UTC.