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 May 31, 2021 (Based on Japanese GAAP)

July 6, 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:

July 14, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

No

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 May 31, 2021 (from March 1, 2021 to May 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

%

Three months ended May 31, 2021

50,857

4.5

2,429

32.5

2,620

33.3

1,740

27.4

Three months ended May 31, 2020

48,651

1.6

1,833

(45.3)

1,965

(43.7)

1,366

(37.7)

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended May 31, 2021

54.45

-

Three months ended May 31, 2020

42.75

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of May 31, 2021

165,404

131,006

77.3

4,000.36

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

-

Year ending February 28, 2022 (Forecast)

0.00

-

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

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

106,600

3.5

5,757

16.6

5,994

15.9

3,976

18.5

124.40

August 31, 2021

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 three months ended May 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 May 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 May 31, 2021

18,478

shares

As of February 28, 2021

18,478

shares

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

Three months ended May 31, 2021

31,963,176

shares

Three months ended May 31, 2020

31,963,190

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of February 28, 2021

As of May 31, 2021

Assets

Current assets

Cash and deposits

40,124

28,759

Accounts receivable - trade

5,046

6,974

Merchandise and finished goods

12,892

13,508

Raw materials and supplies

307

330

Other

2,255

2,271

Total current assets

60,626

51,845

Non-current assets

Property, plant and equipment

Buildings and structures, net

63,117

61,943

Land

35,015

35,015

Construction in progress

1,028

1,445

Other, net

3,674

3,588

Total property, plant and equipment

102,836

101,992

Intangible assets

771

767

Investments and other assets

10,340

10,799

Total non-current assets

113,948

113,559

Total assets

174,574

165,404

Liabilities

Current liabilities

Accounts payable - trade

16,282

10,996

Short-term borrowings

-

300

Income taxes payable

1,999

1,251

Provision for bonuses

1,330

2,310

allowance for loss on collecting gift tickets

93

95

Other

16,732

12,375

Total current liabilities

36,439

27,330

Non-current liabilities

Retirement benefit liability

2,103

2,148

Asset retirement obligations

559

562

Other

4,333

4,356

Total non-current liabilities

6,997

7,067

Total liabilities

43,436

34,397

3

(Millions of yen)

As of February 28, 2021

As of May 31, 2021

Net assets

Shareholders' equity

Share capital

3,723

3,723

Capital surplus

3,686

3,686

Retained earnings

120,419

120,401

Treasury shares

(27)

(27)

Total shareholders' equity

127,801

127,783

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

113

101

Remeasurements of defined benefit plans

(22)

(21)

Total accumulated other comprehensive income

91

80

Non-controlling interests

3,245

3,142

Total net assets

131,138

131,006

Total liabilities and net assets

174,574

165,404

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

May 31, 2020

May 31, 2021

Net sales

45,634

47,372

Cost of sales

31,663

32,554

Gross profit

13,971

14,818

Operating revenue

3,016

3,485

Operating gross profit

16,987

18,303

Selling, general and administrative expenses

15,154

15,873

Operating profit

1,833

2,429

Non-operating income

Interest income

4

2

Dividend income

10

4

Gain on adjustment of account payable

63

72

Subsidy income

-

103

Other

69

62

Total non-operating income

147

244

Non-operating expenses

Interest expenses

-

6

allowance for loss on collecting gift tickets putting in

12

14

Other

2

31

Total non-operating expenses

15

53

Ordinary profit

1,965

2,620

Extraordinary losses

Loss on retirement of non-current assets

-

5

Total extraordinary losses

-

5

Profit before income taxes

1,965

2,615

Income taxes - current

999

1,299

Income taxes - deferred

(413)

(498)

Total income taxes

585

801

Profit

1,379

1,813

Profit attributable to non-controlling interests

13

73

Profit attributable to owners of parent

1,366

1,740

5

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SAN-A Co. Ltd. published this content on 07 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:25:01 UTC.