Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Nine Months Ended October 31, 2021

[Japanese GAAP]

Company name: TOHO Co.,Ltd.

December 10, 2021

Stock exchange listing: Tokyo

Code number: 8142

URL: https://www.to-ho.co.jp

Representative: Hiroyuki Koga

Representative Director & President

Contact: Toshiaki Sato

Executive Director

Phone: 078-845-2431

Scheduled date of filing quarterly securities report: December 13, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Nine Months Ended October 31, 2021 (February 01, 2021 to October 31, 2021)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Nine months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

October 31, 2021

134,593

(1.0)

(1,448)

-

(907)

-

(1,170)

-

October 31, 2020

135,957

(19.8)

(3,084)

-

(2,233)

-

(3,020)

-

(Note) Comprehensive income:

Nine months ended October 31, 2021:

Nine months ended October 31, 2020:

¥

(729)

million

[

-%]

¥

(3,680)

million

[

-%]

Basic earnings

Diluted earnings per

per share

share

Nine months ended

Yen

Yen

October 31, 2021

(108.77)

-

October 31, 2020

(280.82)

-

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

October 31, 2021

84,491

18,312

21.3

January 31, 2021

83,162

19,384

22.6

(Reference) Equity: As of

October 31, 2021:

¥

18,012 million

As of

January 31, 2021:

¥

18,794 million

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended January 31, 2021

-

0.00

-

0.00

0.00

Fiscal year ending January 31, 2022

-

0.00

-

Fiscal year ending January 31, 2022

-

-

(Forecast)

(Note) Revision to the forecast for dividends

announced most

recently:

No

(Note) For the forecast of dividends per share for the fiscal year ending January 31, 2022, it remains undetermined at this moment.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2022(February 01, 2021 to January 31, 2022)

(% indicates changes from the previous corresponding period.)

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

190,000

2.0

(500)

-

100

-

0

-

0.00

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the nine months ended October 31, 2021

(changes in specified subsidiaries resulting in changes in scope of consolidation):

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: No
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

October 31, 2021:

11,012,166

shares

January 31, 2021:

11,012,166

shares

2)

Total number of treasury shares at :

October 31, 2021:

255,338

shares

January 31, 2021:

255,179

shares

3)

Average number of shares during :

Nine months ended October 31, 2021:

10,756,888 shares

Nine months ended October 31, 2020:

10,757,095 shares

* This document is exempt from quarterly review conducted by certified public accountants or an audit corporation.

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of January 31,2021

As of October 31,2021

Assets

Current assets

Cash and deposits

6,988

7,339

Notes and accounts receivable - trade

14,643

17,178

Merchandise and finished goods

10,255

10,565

Raw materials and supplies

33

25

Other

3,387

3,353

Allowance for doubtful accounts

(61)

(79)

Total current assets

35,246

38,384

Non-current assets

Property, plant and equipment

Buildings and structures, net

9,507

9,246

Land

15,738

15,514

Other, net

4,389

3,904

Total property, plant and equipment

29,635

28,664

Intangible assets

Goodwill

6,654

6,229

Other

897

722

Total intangible assets

7,551

6,952

Investments and other assets

Investment securities

2,028

1,872

Shares of subsidiaries and associates

434

413

Leasehold deposits

3,807

3,699

Retirement benefit asset

3,263

3,402

Other

1,367

1,258

Allowance for doubtful accounts

(172)

(156)

Total investments and other assets

10,728

10,489

Total non-current assets

47,915

46,106

Total assets

83,162

84,491

(Million yen)

As of January 31,2021

As of October 31,2021

Liabilities

Current liabilities

Notes and accounts payable - trade

20,857

22,422

Short-term borrowings

11,771

12,749

Income taxes payable

408

257

Provision for bonuses

418

628

Other provisions

251

339

Asset retirement obligations

20

49

Other

4,153

4,413

Total current liabilities

37,882

40,861

Non-current liabilities

Long-term borrowings

22,159

21,758

Provisions

4

2

Retirement benefit liability

431

436

Asset retirement obligations

848

843

Other

2,450

2,276

Total non-current liabilities

25,895

25,317

Total liabilities

63,777

66,179

Net assets

Shareholders' equity

Share capital

5,344

5,344

Capital surplus

5,089

5,100

Retained earnings

8,863

7,693

Treasury shares

(639)

(639)

Total shareholders' equity

18,657

17,498

Accumulated other comprehensive income

Valuation difference on available-for-sale

417

435

securities

Deferred gains or losses on hedges

-

4

Foreign currency translation adjustment

(543)

(114)

Remeasurements of defined benefit plans

262

188

Total accumulated other comprehensive income

136

513

Non-controlling interests

589

299

Total net assets

19,384

18,312

Total liabilities and net assets

83,162

84,491

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)

(Million yen)

For the nine months

For the nine months

ended October 31,2020

ended October 31,2021

Net sales

135,957

134,593

Cost of sales

109,365

108,176

Gross profit

26,592

26,417

Selling, general and administrative expenses

29,677

27,865

Operating loss

(3,084)

(1,448)

Non-operating income

Interest income

6

1

Dividend income

22

17

Subsidies for employment adjustment

668

443

Other financial revenue

-

10

Other

320

210

Total non-operating income

1,017

683

Non-operating expenses

Interest expenses

84

98

Share of loss of entities accounted for using equity

21

18

method

Other financial expenses

14

-

Other

46

24

Total non-operating expenses

166

142

Ordinary loss

(2,233)

(907)

Extraordinary income

Gain on sales of non-current assets

9

36

Gain on sales of investment securities

-

216

Other

1

-

Total extraordinary income

11

252

Extraordinary losses

Loss on sales of non-current assets

10

50

Impairment loss

596

89

Loss on retirement of non-current assets

209

28

Loss on valuation of investment securities

203

-

Loss on store closings

67

21

Loss related to COVID

51

-

Total extraordinary losses

1,139

190

Loss before income taxes

(3,361)

(845)

Income taxes

(373)

263

Loss

(2,987)

(1,109)

Profit attributable to non-controlling interests

33

60

Loss attributable to owners of parent

(3,020)

(1,170)

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TOHO Co. Ltd. published this content on 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 07:38:05 UTC.