Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

October.29.2021

Consolidated Financial Results

for the Six Months Ended September.30.2021

(Japanese GAAP)

Company name:

Prestige International Inc.

Listing:

Tokyo Stock Exchange First Section

Securities code:

4290

URL:

http://www.prestigein.com/

Representative:

Shinichi Tamagami, President and Representative Director

Inquiries:

Tsutomu Yoshizawa, Senior manager

Telephone:

+81-3-5213-0826

Scheduled date to file quarterly securities report:

November, 11 2021

Scheduled date to commence dividend payments:

December, 6 2021

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing:

Yes(for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2021 (from April 1 2021to September 30, 2021)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September ,30,

22,293

12.9

3,063

17.3

3,136

19.2

1,853

19.0

2021

September ,30,

19,739

△4.6

2,611

8.0

2,629

1.3

1,558

16.2

2020

(Note) Comprehensive income

For the six months ended September ,30, 2021:

¥2,091 million

[14.7%]

For the six months ended September ,30, 2020:

¥1,824 million

[40.5%]

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September ,30,

14.46

14.39

2021

September ,30,

12.17

12.10

2020

(Note)Since "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. have been applied from the six months ended September 30, 2021, the above amounts of consolidated financial results reflect the application of the accounting standard.

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

As of

Millions of yen

Millions of yen

%

September ,30, 2021

50,204

34,271

64.0

March,31, 2021

46,755

32,888

66.1

Reference: Equity

As of September ,30, 2021:

¥32,148 million

As of March,31, 2021:

¥30,918 million

1

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

－

3.50

－

3.50

7.00

March 31, 2021

Fiscal year ending

－

4.00

March 31, 2022

Fiscal year ending

March 31, 2022

－

4.00

8.00

(Forecast)

(Note) Revisions to the forecast of cash dividends most recently announced: No

3. Forecast of consolidated financial results for the year ending March 31, 2022

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

45,000

10.8

6,350

21.3

6,550

20.1

3,600

21.3

28.09

(Note)

Revision to the financial results forecast announced most recently: No

*Note:

(1)

Changes in significant subsidiaries during the six months ended September 30, 2021:

None

  1. Accounting policies adopted specially for the preparation of quarterly consolidated financial None statements:
  2. 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 due to other reasons:

None

3)

Changes in accounting estimates:

None

4)

Restatement of prior period financial statements:

None

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2021

128,178,800

shares

As of March 31, 2021

128,131,800

shares

Number of treasury shares at the end of the period

As of September 30, 2021

708

shares

As of March 31, 2021

708

shares

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

As of September 30, 2021

128,146,492 shares

As of September 30, 2020

128,042,025 shares

*Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.

*Explanation for appropriate use of financial forecasts and other special notes

The forecasts given in this document are based on the current available information in the company and certain reasonable assumptions to the company. And we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.

2

Consolidated Financial Statements and Primary Notes

(1) Consolidated Balance Sheet

(Thousands of yen)

As of March 31, 2021

As of September 30, 2021

Assets

Current assets

Cash and deposits

16,310,272

16,741,311

Notes and accounts receivable - trade

4,027,637

－

Notes and accounts receivable - trade,

－

4,369,596

and contract assets

Merchandise and finished goods

34,324

47,716

Work in process

109,316

147,041

Raw materials and supplies

70,654

68,125

Other

7,346,609

8,046,948

Allowance for doubtful accounts

△623,651

△705,264

Total current assets

27,275,163

28,715,475

Non-current assets

Property, plant and equipment

Buildings and structures, net

9,777,982

9,618,240

Other, net

1,456,838

2,799,708

Total property, plant and equipment

11,234,820

12,417,948

Intangible assets

Other

1,439,807

1,652,338

Total intangible assets

1,439,807

1,652,338

Investments and other assets

Investment securities

5,947,399

6,532,629

Other

930,865

957,738

Allowance for doubtful accounts

△72,265

△71,805

Total investments and other assets

6,806,000

7,418,562

Total non-current assets

19,480,628

21,488,848

Total assets

46,755,792

50,204,324

3

(Thousands of yen)

As of March 31, 2021

As of September 30, 2021

Liabilities

Current liabilities

Notes and accounts payable - trade

1,042,946

1,089,339

Short-term borrowings

250,000

1,250,000

Income taxes payable

1,117,442

1,130,750

Provision for bonuses

742,044

858,232

Reserve for fulfillment of guarantees

102,263

117,815

Asset retirement obligations

1,914

－

Other

8,201,918

9,213,100

Total current liabilities

11,458,529

13,659,239

Non-current liabilities

Long-term borrowings

250,000

125,000

Retirement benefit liability

7,356

8,514

Asset retirement obligations

1,659,018

1,674,933

Other

492,026

465,613

Total non-current liabilities

2,408,400

2,274,061

Total liabilities

13,866,930

15,933,301

Net assets

Shareholders' equity

Share capital

1,502,742

1,518,913

Capital surplus

2,772,011

2,788,182

Retained earnings

25,561,466

26,694,293

Treasury shares

△248

△248

Total shareholders' equity

29,835,971

31,001,140

Accumulated other comprehensive income

Valuation difference on available-for-

507,301

560,302

sale securities

Foreign currency translation adjustment

575,026

587,464

Total accumulated other comprehensive

1,082,327

1,147,766

income

Share acquisition rights

153,375

188,207

Non-controlling interests

1,817,187

1,933,909

Total net assets

32,888,861

34,271,023

Total liabilities and net assets

46,755,792

50,204,324

4

  1. Consolidated Statement of Income and Comprehensive Income (Consolidated Statement of Income)

(Thousands of yen)

Six months ended

Six months ended

September 30, 2020

September 30, 2021

Net sales

19,739,429

22,293,465

Cost of sales

15,264,936

17,118,955

Gross profit

4,474,492

5,174,509

Selling, general and administrative expenses

※１ 1,863,078

※１ 2,110,749

Operating profit

2,611,414

3,063,759

Non-operating income

Interest income

2,851

1,240

Interest on securities

62,991

77,866

Dividend income

5,617

6,213

Share of profit of entities accounted for

6,324

23,027

using equity method

Other

17,300

12,209

Total non-operating income

95,086

120,557

Non-operating expenses

Interest expenses

1,065

1,615

Foreign exchange losses

31,743

9,991

Employment of People with Disabilities

18,868

17,550

payment

Consumption Taxes Ajustment

18,113

15,710

Other

6,812

3,326

Total non-operating expenses

Ordinary profit

Extraordinary income

Gain on sale of non-current assets Subsidy income

Total extraordinary income

Extraordinary losses

Loss on sale of non-current assets

Loss on retirement of non-current assets Impairment losses

Other

76,603

48,192

2,629,897

3,136,124

※２ 8,220

※２ 548

1,475

1,594

9,695

2,143

※３ 67

※３ 21

－

※４ 31,894

－

※５ 366

1,475

1,594

Total extraordinary losses

1,542

33,877

Profit before income taxes

2,638,049

3,104,391

Income taxes - current

880,266

1,098,610

Income taxes - deferred

28,738

△19,294

Total income taxes

909,005

1,079,316

Profit

1,729,044

2,025,074

Profit attributable to non-controlling

171,027

171,584

interests

Profit attributable to owners of parent

1,558,017

1,853,490

5

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Prestige International Inc. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 06:09:03 UTC.