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 Six Months Ended August 31, 2021 (Based on Japanese GAAP)

October 5, 2021

Company name:

SAN-A CO., LTD.

Stock exchange listing:

Tokyo

Stock code:

2659

URL https://www.san-a.co.jp

Representative:

President, Chief Executive Officer

Tessei Uechi

Inquiries:

Director

Taku Toyoda

TEL 098(898)2230

Scheduled date to file Quarterly Securities Report:

October 14, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

Yes

(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended August 31, 2021 (from March 1, 2021 to August 31, 2021)

(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

%

Six months ended August 31, 2021

102,901

(0.1)

4,345

(12.0)

4,779

(7.6)

3,188

(5.0)

Six months ended August 31, 2020

103,024

2.8

4,937

(14.5)

5,170

(21.3)

3,355

(19.8)

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended August 31, 2021

99.74

-

Six months ended August 31, 2020

104.99

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of August 31, 2021

168,630

132,559

76.7

4,046.16

As of February 28, 2021

174,574

131,138

73.3

4,001.24

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 February 28, 2021

-

0.00

-

55.00

55.00

Year ending February 28, 2022

-

0.00

Year ending February 28, 2022 (Forecast)

-

55.00

55.00

3. Forecast of consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)

Percentages indicate year-on-year changes

Operating revenue

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

208,022

2.6

10,474

14.5

10,850

13.6

7,227

19.0

226.12

1

4. Notes

  1. Changes in significant subsidiaries during the six months ended August 31, 2021 (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:

No

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 August 31, 2021

31,981,654

shares

As of February 28, 2021

31,981,654

shares

Number of treasury shares at the end of the period

As of August 31, 2021

9,678

shares

As of February 28, 2021

18,478

shares

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

Six months ended August 31, 2021

31,965,691

shares

Six months ended August 31, 2020

31,963,188

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of February 28, 2021

As of August 31, 2021

Assets

Current assets

Cash and deposits

40,124

31,930

Accounts receivable - trade

5,046

7,042

Merchandise and finished goods

12,892

13,088

Raw materials and supplies

307

345

Other

2,255

2,327

Total current assets

60,626

54,733

Non-current assets

Property, plant and equipment

Buildings and structures, net

63,117

61,424

Land

35,015

35,015

Construction in progress

1,028

2,359

Other, net

3,674

3,469

Total property, plant and equipment

102,836

102,268

Intangible assets

771

786

Investments and other assets

10,340

10,842

Total non-current assets

113,948

113,897

Total assets

174,574

168,630

Liabilities

Current liabilities

Accounts payable - trade

16,282

11,610

Short-term borrowings

-

130

Income taxes payable

1,999

2,142

Provision for bonuses

1,330

1,961

allowance for loss on collecting gift tickets

93

99

Other

16,732

13,071

Total current liabilities

36,439

29,016

Non-current liabilities

Retirement benefit liability

2,103

2,157

Asset retirement obligations

559

571

Other

4,333

4,325

Total non-current liabilities

6,997

7,055

Total liabilities

43,436

36,071

3

(Millions of yen)

As of February 28, 2021

As of August 31, 2021

Net assets

Shareholders' equity

Share capital

3,723

3,723

Capital surplus

3,686

3,710

Retained earnings

120,419

121,849

Treasury shares

(27)

(14)

Total shareholders' equity

127,801

129,269

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

113

114

Remeasurements of defined benefit plans

(22)

(19)

Total accumulated other comprehensive income

91

94

Non-controlling interests

3,245

3,195

Total net assets

131,138

132,559

Total liabilities and net assets

174,574

168,630

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Six months ended

Six months ended

August 31, 2020

August 31, 2021

Net sales

96,356

95,991

Cost of sales

66,784

66,446

Gross profit

29,571

29,545

Operating revenue

6,668

6,909

Operating gross profit

36,240

36,455

Selling, general and administrative expenses

Salaries

9,862

10,089

Provision for bonuses

1,861

1,961

Retirement benefit expenses

201

203

Depreciation

3,727

3,683

Other

15,649

16,172

Total selling, general and administrative expenses

31,302

32,109

Operating profit

4,937

4,345

Non-operating income

Interest income

7

5

Dividend income

20

10

Gain on adjustment of account payable

90

127

Subsidy income

-

260

Other

141

110

Total non-operating income

259

515

Non-operating expenses

Interest expenses

-

13

allowance for loss on collecting gift tickets putting in

23

28

Other

3

40

Total non-operating expenses

27

81

Ordinary profit

5,170

4,779

Extraordinary losses

Loss on retirement of non-current assets

119

21

Impairment loss

109

-

Total extraordinary losses

228

21

Profit before income taxes

4,941

4,757

Income taxes - current

2,000

2,057

Income taxes - deferred

(545)

(614)

Total income taxes

1,454

1,443

Profit

3,486

3,314

Profit attributable to non-controlling interests

130

126

Profit attributable to owners of parent

3,355

3,188

5

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SAN-A Co. Ltd. published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 05:05:09 UTC.