Goldwin : Summary of Consolidated Financial Results for the Three Months Ended June 30,2022(Based on Japanese GAAP)

Notice: This document has been translated from a part of 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.

August 5, 2022

Summary of Consolidated Financial Results for the Three Months Ended June 30, 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-General Administration
TEL:	[phone]

Scheduled date to file Quarterly Securities Report:	August 12, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: Yes
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 June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)			(Percentages indicate year-on-year changes)
		Net sales			Operating profit		Ordinary profit	Profit attributable to
					owners of parent
Three months ended	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen	%
June 30, 2022		21,099		23.5	2,266		99.6	3,368		98.5	2,603	110.8
June 30, 2021		17,078		40.0	1,135			-	1,696		-	1,235	-
Note: Comprehensive income	Three months ended June 30, 2022:	¥3,636 million	[99.6%]
		Three months ended June 30, 2021:	¥1,821 million		[-%]
	Earnings per		Diluted earnings
		share			per share
Three months ended			Yen		Yen
June 30, 2022		57.74			-
June 30, 2021		27.23			-
(2) Consolidated financial position
		Total assets			Net assets		Equity ratio
As of		Millions of yen	Millions of yen		%
June 30, 2022		94,125			62,008		65.8
March 31, 2022		99,085			63,411		63.9
Reference: Equity
As of June 30, 2022			¥61,914 million
As of March 31, 2022			¥63,278 million

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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 March 31,	-	20.00		-	65.00	85.00
2022
Year ending March 31,	-
2023
Year ending March 31,		25.00		-	65.00	90.00
2023 (Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: No

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	44,400		16.2	3,900	18.2	5,900	53.8	4,130	56.9	91.58
September 30, 2022
Full year	106,000		7.9	17,000	3.0	21,400	5.5	16,000	11.5	354.79

Note: Revisions to the forecast of consolidated financial results most recently announced: Yes

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* Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): No
2. Application of special accounting methods for preparing quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
4. 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
5. Number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2022	47,448,172	shares
As of March 31, 2022	47,448,172	shares

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

As of June 30, 2022	2,450,606	shares
As of March 31, 2022	2,202,276	shares

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

Three months ended June 30, 2022	45,096,981	shares
Three months ended June 30, 2021	45,365,674	shares

• Quarterly financial results reports are exempt from quarterly review 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.

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Quarterly Consolidated Financial Statements

(1) Quarterly consolidated balance sheet

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	26,406	20,734
Notes and accounts receivable - trade, and contract	11,032	8,548
assets
Electronically recorded monetary claims - operating	2,797	3,069
Merchandise and finished goods	12,554	12,194
Work in process	326	247
Raw materials and supplies	542	571
Other	1,841	3,059
Allowance for doubtful accounts	(13)	(8)
Total current assets	55,486	48,417
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,718	2,304
Land	4,691	4,691
Other, net	2,231	1,803
Total property, plant and equipment	8,642	8,799
Intangible assets
Trademark right	1,490	1,420
Other	1,602	1,690
Total intangible assets	3,093	3,110
Investments and other assets
Investment securities	24,060	25,986
Guarantee deposits	2,708	2,692
Other	5,282	5,308
Allowance for doubtful accounts	(188)	(188)
Total investments and other assets	31,862	33,798
Total non-current assets	43,598	45,707
Total assets		99,085	94,125

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			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	4,904	3,141
Electronically recorded obligations - operating	12,223	13,673
Current portion of long-term borrowings	1,437	1,183
Income taxes payable	3,112	443
Provision for bonuses	1,648	2,107
Other	7,060	6,542
Total current liabilities	30,386	27,093
Non-current liabilities
Long-term borrowings	2,751	2,490
Retirement benefit liability	217	200
Provision for share awards	947	958
Other	1,371	1,373
Total non-current liabilities	5,287	5,024
Total liabilities	35,673	32,117
Net assets
Shareholders' equity
Share capital	7,079	7,079
Capital surplus	276	276
Retained earnings	61,356	60,918
Treasury shares	(5,377)	(7,329)
Total shareholders' equity	63,335	60,945
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	480	521
Deferred gains or losses on hedges	98	186
Foreign currency translation adjustment	196	1,052
Remeasurements of defined benefit plans	(830)	(790)
Total accumulated other comprehensive income	(56)	969
Non-controlling interests	132	93
Total net assets	63,411	62,008
Total liabilities and net assets		99,085	94,125

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