Good Com Asset : Consolidated Financial Results for the First Quarter of the Fiscal Year Ending October 31, 2021

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending October 31, 2021

(Three Months Ended January 31, 2021)

[Japanese GAAP]

March 15, 2021

Company name: Good Com Asset Co.,Ltd.

Stock code: Representative: Contact:

3475

Stock Exchange Listing: TSE (1st Section) URL:https://www.goodcomasset.co.jp/

Yoshikazu Nagashima, President and CEOYoshihiro Kawai, Senior Executive Officer, General Manager, Corporate Planning Division Tel: [phone]

Scheduled date of filing of Quarterly Report: March 16, 2021 Scheduled date of payment of dividend: -

Preparation of supplementary materials for quarterly financial results: Yes

Holding of quarterly financial results meeting: Yes (for analysts and individual investors)

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter (November 1, 2020 - January 31, 2021) of the

Fiscal Year Ending October 31, 2021

(1) Consolidated results of operations

(Percentages represent year-on-year changes)Net sales

Operating profitOrdinary profitProfit attributable to owners of parent

Million yen

Three months ended Jan. 31, 2021 3,698

% 57.7

Million yen 249

% 64.5

Million yen 185

% 72.6

Million yen 117

% 65.5

107 (61.2)
Note: Comprehensive income (million yen)	Three months ended Jan. 31, 2021:	118 (up 64.7%)
Three months ended Jan. 31, 2020:	71 (down 61.7%)

Three months ended Jan. 31, 2020 2,344 (32.0)

151 (48.2)

71 (62.1)

Net income per share	Diluted net income per share
Three months ended Jan. 31, 2021 Three months ended Jan. 31, 2020	Yen 7.98 4.95	Yen 7.95 4.76

Note: The Company conducted a 2-for-1 common stock split effective on November 1, 2020. Net income per share and diluted net income per share are calculated as if this stock split had taken place at the beginning of the previous fiscal year.

(2) Consolidated financial position

Total assets	Net assets	Equity ratio
As of Jan. 31, 2021 As of Oct. 31, 2020	Million yen 26,174 25,915	Million yen 8,014 8,397	% 30.6 32.4

Reference: Shareholders' equity (million yen) As of Jan. 31, 2021:

8,014

As of Oct. 31, 2020:

8,397

2. Dividends

Dividend per share
1Q-end	2Q-end	3Q-end	Year-end	Total
Fiscal year ended Oct. 31, 2020 Fiscal year ending Oct. 31, 2021	Yen - -	Yen 0.00	Yen -	Yen 68.00	Yen 68.00
Fiscal year ending Oct. 31, 2021 (forecasts)	0.00	-	41.00	41.00

Note: Revision to the most recently announced dividend forecast: None

The Company conducted a 2-for-1 common stock split effective on November 1, 2020. Dividends per share for the fiscal years ended October 31, 2020 are the actual amounts before the stock split.

3. Consolidated Forecast for the Fiscal Year Ending October 31, 2021 (November 1, 2020 - October 31, 2021)

(Percentages represent year-on-year changes)Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Net income per share

Million yen 15,517 41,876

% 94.1 59.1

Million yen 1,103 3,070

% 69.0 8.5

Million yen

994

2,903

% 72.3 9.8

Million yen

665

1,962

% 71.3 7.5

Yen 45.13 133.02

Note: Revision to the most recently announced consolidated forecast: None

Notes

• (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of consolidation): None

• (2) Application of special accounting methods for presenting quarterly consolidated financial statements: Yes

• (3) Changes in accounting policies and accounting-based estimates, and restatements

  • 1) Changes in accounting policies due to revisions in accounting standards, others: None

  • 2) Changes in accounting policies other than 1) above: None

  • 3) Changes in accounting-based estimates: None

  • 4) Restatements: None

• (4) Number of outstanding shares (common shares)

  • 1) Number of shares outstanding at the end of the period (including treasury shares)

    As of Jan. 31, 2021: 15,202,000 shares As of Oct. 31, 2020: 15,198,000 shares

  • 2) Number of treasury shares at the end of the period

As of Jan. 31, 2021:

444,426 shares As of Oct. 31, 2020:

444,426 shares

• 3) Average number of shares outstanding during the period

  Three months ended Jan. 31, 2021: 14,755,331 shares Three months ended Jan. 31, 2020: 14,390,080 shares

  Note: The Company conducted a 2-for-1 common stock split effective on November 1, 2020. The number of shares outstanding at the end of the period, the number of treasury shares at the end of the period and the average number of shares outstanding during the period are calculated as if this stock split had taken place at the beginning of the previous fiscal year

The current quarterly financial report is not subject to quarterly review by certified public accountants or auditing firms.

Explanation of appropriate use of earnings forecasts, and other special items

Cautionary statement with respect to forward-looking statements

Outlook and other forward-looking statements in these materials are based on assumption judged to be valid and information available to the Company's management at the time the materials were prepared, but are not promises by the Company regarding future performance. Actual results may differ significantly from these forecasts for a number of factors.

How to view supplementary information at the quarterly financial results meetings

The Company plans to hold online financial results meetings on Monday, March 15, 2021. Materials distributed at this event will be disclosed at the Timely Disclosure network (TDnet) with this financial report and also be available on the Company's website.