Goldwin : 〔Delayed〕Consolidated Financial Results for the Year Ended March 31,2022 (Based on Japanese GAAP)

Notice: 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.

May 13, 2022

	Consolidated Financial Results
	for the Year Ended March 31, 2022
	(Based on Japanese GAAP)
Company name:	GOLDWIN INC.
Stock exchange listing:	Tokyo
Securities code:	8111
URL:	https://www.goldwin.co.jp
Representative:	Takao Watanabe, President and Representative Director
Inquiries:	Michio Shirasaki, Managing Director, Director -Finance Dept.
TEL:	[phone]

Scheduled date of ordinary general meeting of shareholders:	June 23, 2022
Scheduled date to commence dividend payments:	June 9, 2022
Scheduled date to file Securities Report:	June 23, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results meeting:	Yes (for institutional investors and
	analysts)
	(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Consolidated operating results						(Percentages indicate year-on-year changes)
		Net sales			Operating profit	Ordinary profit		Profit attributable to
						owners of parent
Year ended	Millions of yen		%	Millions of yen	%	Millions of yen		%	Millions of yen	%
March 31, 2022		98,235		8.6	16,501		11.2	20,285	26.9		14,350	33.7
March 31, 2021		90,479		(7.6)	14,838		(15.1)	15,984	(2.4)		10,734	(0.3)
Note: Comprehensive income	Year ended March 31, 2022:	¥15,365 million	[34.0%]
		Year ended March 31, 2021:	¥11,469 million	[20.1%]
	Earnings per		Diluted earnings		Profit attributable		Ordinary		Operating
			to owners of
		share			per share		profit/total assets		profit/net sales
					parent/equity
Year ended			Yen			Yen			%			%			%
March 31, 2022		316.30			-			24.7			21.3			16.8
March 31, 2021		236.64			-			21.6			18.4			16.4
Reference: Share of profit (loss) of entities accounted for using equity method
Year ended March 31, 2022:	¥3,669 million
Year ended March 31, 2021:	¥1,238 million

(2) Consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
As of	Millions of yen	Millions of yen	%	Yen
March 31, 2022	99,085	63,411	63.9	1,398.56
March 31, 2021	91,376	52,916	57.8	1,164.16
Reference: Equity
As of March 31, 2022	¥63,278 million
As of March 31, 2021	¥52,802 million

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
Year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2022	18,049	(1,567)	(11,853)	25,036
March 31, 2021	7,401	(3,261)	(162)	20,287

2. Cash dividends

		Annual dividends per share		Total cash	Dividend	Ratio of
	1st	2nd	3rd			dividends to
	Fiscal		dividends	payout ratio
	quarter-	quarter-	quarter-	Total	net assets
	year-end	(Total)	(Consolidated)
	end	end	end		(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Year ended March	-	15.00	-	55.00	70.00	3,288	29.6	6.4
31, 2021
Year ended March	-	20.00	-	65.00	85.00	3,980	26.9	6.3
31, 2022
Year ending March	-	25.00	-	65.00	90.00		25.5
31, 2023 (Forecast)

Note: Year-end dividend of ¥55 for the fiscal year ended March 31, 2021 includes commemorative dividend for 70th anniversary of foundation of ¥10

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per
		owners of parent	share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Six months ending	42,400		11.0	3,000	(9.1)	3,800	(0.9)	2,660	1.1	58.63
September 30, 2022
Full year	106,000		7.9	17,000	3.0	21,400	5.5	16,000	11.5	352.65

* Notes

1. Changes in significant subsidiaries during the year ended March 31, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): No
2. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
3. 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 estimates: No
   4. Restatement of prior period financial statements: No
4. Number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2022	47,448,172	shares
As of March 31, 2021	47,448,172	shares

(ii) Number of treasury shares at the end of the period

As of March 31, 2022	2,202,276	shares
As of March 31, 2021	2,091,698	shares

(iii) Average number of shares during the period

Year ended March 31, 2022	45,370,540	shares
Year ended March 31, 2021	45,360,759	shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Non-consolidated operating results			(Percentages indicate year-on-year changes)
	Net sales	Operating profit	Ordinary profit	Profit
Year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
March 31, 2022	85,838	7.9	14,029	11.5	17,484	19.8	11,951	16.5
March 31, 2021	79,583	(4.1)	12,587	(9.2)	14,589	(6.9)	10,259	39.2
	Earnings per share	Diluted earnings per
	share
Year ended		Yen		Yen
March 31, 2022		263.41		-
March 31, 2021		226.17		-

(2) Non-consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
As of	Millions of yen	Millions of yen	%	Yen
March 31, 2022	74,543	42,065	56.4	929.71
March 31, 2021	70,388	34,896	49.6	769.37
Reference: Equity
As of March 31, 2022:	¥42,065 million
As of March 31, 2021:	¥34,896 million

2. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes)

	Net sales		Operating profit	Ordinary profit	Profit		Earnings per
			share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Six months ending	38,800		17.1	2,550	(0.9)	4,000	(2.4)	2,800	(12.8)	61.71
September 30, 2022
Full year	98,000		14.2	15,800	12.6	19,500	11.5	14,200	18.8	312.98

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of financial forecasts, and other special matters
  Descriptions of the above financial forecasts and other data are based on information currently available to the Company and certain assumptions that we consider to be reasonable. Actual financial results may differ significantly from the forecasts for various reasons. Please refer to "1. Overview of operating results, etc., (4) Future outlook" on page 4 of the attached materials for the suppositions that form the assumptions for the financial forecasts and cautions regarding the use of the financial forecasts.

Attached Material
	Index
1. Overview of Operating Results, etc. .........................................................................................................	2
(1)	Overview of operating results of the fiscal year under review ...........................................................	2
(2)	Status of the financial situation of the fiscal year under review.........................................................	3
(3)	Overview of cash flow of the fiscal year under review ......................................................................	3
(4)	Future outlook ....................................................................................................................................	4
2. Basic Approach to the Selection of Accounting Standards.......................................................................	5
3. Consolidated Financial Statements and Significant Notes Thereto ..........................................................	6
(1)	Consolidated balance sheet ................................................................................................................	6
(2)	Consolidated statement of income and consolidated statement of comprehensive income ...............	8
	(Consolidated statement of income)...................................................................................................	8
	(Consolidated statement of comprehensive income)..........................................................................	9
(3)	Consolidated statement of changes in equity ...................................................................................	10
(4)	Consolidated statement of cash slows ..............................................................................................	12
(5)	Notes regarding consolidated financial statements ..........................................................................	13
	(Notes regarding assumptions of going concern) .............................................................................	13
	(Changes in accounting policies)......................................................................................................	13
	(Segment information, etc.)..............................................................................................................	14
	(Per share information).....................................................................................................................	15
	(Significant subsequent events)........................................................................................................	16
4. Other .......................................................................................................................................................	17

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