BANDAI NAMCO : Consolidated Financial Report466.5 KB

Bandai Namco Holdings Inc.

Consolidated Financial Report for the Fiscal Year Ended

March 31, 2022

May 11, 2022

DISCLAIMER

• Bandai Namco Holdings Inc. provides this translation for your reference and convenience only and without any warranty as to its accuracy or otherwise. In the event of any discrepancy, the original "Kessan Tanshin" in Japanese shall prevail.
• This document contains forward-looking statements that are based on managementʼs estimates, assumptions and projections at the time of publication. A number of factors could cause actual results to differ materially from expectations.

June 20, 2022

June 21, 2022

June 20, 2022 Yes

Yes (for institutional investors and analysts)

Bandai Namco Holdings Inc.

Stock Listing: Tokyo Stock Exchange Code Number: 7832

(URL: https://www.bandainamco.co.jp/)

May 11, 2022

Consolidated Financial Report for the Fiscal Year Ended March 31, 2022 (Japanese GAAP)

Representative:	Masaru Kawaguchi, President and Representative Director
Contact:	Yuji Asako, Director

Date of Ordinary General Meeting of Shareholders:

Scheduled starting date for dividend payments:

Scheduled filing date of the annual security report:

The Financial Highlights of the Financial Results:

The information session of the Financial Results:

* Figures are in millions of yen, rounded down

1. Consolidated Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)

(1) Consolidated Operating Results

(Percentages indicate year-on-year changes.)

		Net sales		Operating profit		Recurring profit
		¥ million	%	¥ million	%		¥ million	%
	Fiscal Year Ended	889,270	20.0	125,496		48.2		133,608	52.5
	March 31, 2022
	Fiscal Year Ended	740,903	2.3	84,654		7.5		87,612	9.8
	March 31, 2021
		Profit attributable to	Basic earnings per share		Diluted earnings per
		owners of parent			share
		¥ million	%			¥				¥
	Fiscal Year Ended	92,752	89.7			422.09				-
	March 31, 2022
	Fiscal Year Ended	48,894	(15.2)			222.58				-
	March 31, 2021
(Note) Comprehensive income: 96,299 million yen [6.4%] (FY2022.3), 90,527 million yen [69.8%] (FY2021.3)
		ROE		ROA			Operating margin
		(Profit attributable to	(Recurring profit /		(Operating profit /
		owners of parent / Net	Total assets)			Net sales)
		assets)
			%			%				%
	Fiscal Year Ended		16.9			16.7				14.1
	March 31, 2022
	Fiscal Year Ended		10.2			13.0				11.4
	March 31, 2021
(Reference) Gain or loss from application of equity method: 618 million yen (FY2022.3), (31) million yen (FY2021.3)
(2) Consolidated Financial Position
		Total assets	Net assets		Equity ratio		Net assets
					per share
		¥ million		¥ million				%		¥
	As of March 31, 2022	862,650		584,233			67.7		2,654.81
	As of March 31, 2021	732,782		511,433			69.7		2,323.98

(Reference) Equity: 583,995 million yen (as of March 31, 2022), 510,515 million yen (as of March 31, 2021)

(3) Consolidated Statements of Cash Flows

				Cash flows from	Cash flows from		Cash flows from	Cash and cash
				operating activities	investing activities		financing activities	equivalents at end
															of period
					¥ million		¥ million			¥ million			¥ million
	Fiscal Year Ended				121,212		(27,136)			(25,450)		277,891
	March 31, 2022
	Fiscal Year Ended				60,483		(29,771)			(19,037)		203,698
	March 31, 2021
2. Cash Dividends
				Annual cash dividends				Total		Payout ratio		Dividend /
		End of		End of	End of		Fiscal	Total			dividend		(Consolidated)		Net assets
		first		second	third		year-				payment				(Consolidated)
		quarter		quarter	quarter		end			(Full year)
		¥		¥	¥		¥	¥			¥ million			%	%
	Fiscal Year Ended	-		21.00	-		91.00	112.00		24,640			50.3	5.1
	March 31, 2021
	Fiscal Year Ended	-		24.00	-		188.00	212.00		46,649			50.2	8.5
	March 31, 2022
	Fiscal Year Ending	-		27.00	-		27.00	54.00						-
	March 31, 2023
	(Projections)

(Note) Concerning the projected amounts of the end of second quarter and year-end cash dividends for the fiscal year ending March 31, 2023, the base dividend is stated based on the Companyʼs basic policy on the distribution of profits. The year- end cash dividend for the fiscal year ending March 31, 2023, will be considered by the Company based on the basic policy on the distribution of profits.

3. Consolidated Projections for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes.)

	Net sales	Operating	Recurring	Profit attributable	Basic earnings
			profit		profit		to owners	per share
									of parent
	¥ million	%	¥ million		%	¥ million		%	¥ million	%	¥
Six Months Ending	400,000	1.6	46,000		(25.5)	46,500		(27.5)	33,000	(16.5)	150.02
September 30, 2022
Full Fiscal Year	880,000	(1.0)	100,000		(20.3)	101,000		(24.4)	70,000	(24.5)	318.22

* Notes

(1) Changes in Significant Subsidiaries during the Period

(Changes in Specified Subsidiaries Resulting in the Change in Scope of Consolidation): No

1. Changes in Accounting Policies, Changes in Accounting Estimation and Restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: No
   3. Changes in accounting estimation: No
   4. Restatement: No

(Note) For more details, please refer to the section of "(5) Notes to Consolidated Financial Statements, (Changes in Accounting Policies)" of "3. Consolidated Financial Statements and Significant Notes" on page 18 of the attached material.

1. Number of Issued Shares (Common Stock)
2. 1. Total number of issued shares at the end of the period (including treasury stock)

As of March 31, 2022	222,000,000 shares
As of March 31, 2021	222,000,000 shares
b) Number of shares of treasury stock at the end of the period	2,023,206 shares
As of March 31, 2022
As of March 31, 2021	2,326,752 shares
c) Average number of shares during the period	219,743,585 shares
For the Fiscal Year Ended March 31, 2022
For the Fiscal Year Ended March 31, 2021	219,670,097 shares

(Reference) Non-consolidated Information

1. Non-consolidated Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)

(1) Non-consolidated Operating Results

(Percentages indicate year-on-year changes.)

		Operating revenue	Operating profit		Recurring profit
		¥ million	%	¥ million	%		¥ million	%
	Fiscal Year Ended	45,627	(61.0)	36,956	(66.6)		37,709	(66.1)
	March 31, 2022
	Fiscal Year Ended	116,975	260.8	110,761	314.1		111,194	303.5
	March 31, 2021
		Profit			Basic earnings per share		Diluted earnings per
									share
		¥ million	%		¥				¥
	Fiscal Year Ended	37,026	(66.3)		168.28				-
	March 31, 2022
	Fiscal Year Ended	109,865	304.3		499.42				-
	March 31, 2021
(2) Non-consolidated Financial Position
		Total assets		Net assets	Equity ratio		Net assets
					per share
		¥ million			¥ million			%		¥
	As of March 31, 2022	534,095			366,622		68.6		1,666.13
	As of March 31, 2021	529,866			360,694		68.1		1,639.51

(Reference) Equity: 366,622 million yen (as of March 31, 2022), 360,694 million yen (as of March 31, 2021)

2. Non-consolidated Projections for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes.)

	Operating revenue	Recurring profit	Profit		Basic earnings
								per share
	¥ million	%	¥ million	%	¥ million		%	¥
Full Fiscal Year	41,000	(10.1)	31,000	(17.8)	31,000		(16.3)	140.88

• Consolidated Financial Reports are not required to be audited by certified public accountants or an audit firm.
• Explanation on appropriate use of the projections of business results, etc.
• • Forward-LookingStatements:
    This document contains forward-looking statements that are based on managementʼs estimates, assumptions and projections at the time of publication and those forward-looking statements do not purport to be a promise by the Company to achieve such results. A number of factors could cause actual results to differ materially from expectations. Please refer to the section of "(4) Future Outlook" of "1. Overview of Operating Results and Others" on page 4 of the attached material for matters pertaining to the earnings projections.
  • To Obtain Financial Highlights:
    The Financial Highlights will be posted on the Company's website on May 11, 2022.

Attached Material
Index
1. Overview of Operating Results and Others .......................................................................................	2
(1)	Overview of Operating Results for the Period (April 1, 2021 to March 31, 2022) .............................................................	2
(2)	Overview of Financial Position for the Period ..................................................................................................................	3
(3)	Overview of Cash Flows for the Period .............................................................................................................................	3
(4)	Future Outlook...................................................................................................................................................................	4
(5)	Basic Policy on the Distribution of Profits ........................................................................................................................	7
2. Basic Concept Regarding Selection of Accounting Standards.........................................................	7
3. Consolidated Financial Statements and Significant Notes .............................................................	8
(1)	Consolidated Balance Sheets............................................................................................................................................	8
(2)	Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income ...........................	10
	(Consolidated Statements of Operations) ......................................................................................................................	10
	(Consolidated Statements of Comprehensive Income)..................................................................................................	11
(3)	Consolidated Statements of Changes in Net Assets .......................................................................................................	12
(4)	Consolidated Statements of Cash Flows ........................................................................................................................	16
(5)	Notes to Consolidated Financial Statements .................................................................................................................	18
	(Notes on Premise of Going Concern) .............................................................................................................................	18
	(Changes in Accounting Policies) ....................................................................................................................................	18
	(Segment Information)....................................................................................................................................................	20
	(Per-ShareData)...............................................................................................................................................................	27
	(Significant Subsequent Events) .....................................................................................................................................	28
4. Other ....................................................................................................................................................	33
Changes in Directors and Audit & Supervisory Board Members ..........................................................................................	33

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