HEROZ : Summary of Non-Consolidated Financial Results for the Year Ended April 30, 2022

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results

for the Year Ended April 30, 2022

(Based on Japanese GAAP)

																								June 10, 2022
Company name:	HEROZ, Inc.
Stock exchange listing:	Tokyo
Stock code:	4382	URL	https://www.heroz.co.jp
Representative:	Representative Director and Co-CEO	Takahiro Hayashi
Inquiries:	Executive Officer and CFO		Hiroya Mori		TEL [phone]
Scheduled date of ordinary general meeting of shareholders:	July 28, 2022
Scheduled date to file Securities Report:						July 29, 2022
Scheduled date to commence dividend payments:				-
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. Non-consolidated financial results for the year ended April 30, 2022 (from May 1, 2021 to April 30, 2022)
(1) Non-consolidated operating results														Percentages indicate year-on-year changes
				Net sales		EBITDA	Operating profit			Ordinary profit		Profit
			Millions of yen		%	Millions of yen		%	Millions of yen		%		Millions of yen		%	Millions of yen		%
Year ended April 30, 2022			1,482			-		188			-	34		-		87		-		49		-
Year ended April 30, 2021			1,556			0.8		366		(30.0)	294	(35.9)		285		(29.4)		207		(18.9)
※EBITDA = Operating Profit + Depreciation + Amortization
			Earnings per share	Diluted earnings per	Profit/equity		Ordinary profit/total	Operating profit/net
									share											assets				sales
							Yen				Yen					%					%				%
Year ended April 30, 2022					3.29			3.26					0.8					1.3				2.3
Year ended April 30, 2021					13.85			13.67					3.3					4.4				18.9
(2) Non-consolidated financial position
				Total assets			Net assets			Equity ratio	Net assets per share
				Millions of yen			Millions of yen					%						Yen
As of April 30, 2022						6,635					6,440						97.1					428.65
As of April 30, 2021						6,546					6,403						97.8					426.13
(3) Non-consolidated cash flows
				Cash flows from	Cash flows from		Cash flows from	Cash and cash equivalents
			operating activities	investing activities		financing activities		at end of period
				Millions of yen			Millions of yen			Millions of yen		Millions of yen
Year ended April 30, 2022							198					(2,092)						0					3,660
Year ended April 30, 2021							360					(384)						15					5,554
2. Cash dividends
								Annual dividends per share					Total cash	Dividend payout		Ratio of dividends
																				ratio (Non-	to net assets (Non-
			1st quarter-end		2nd quarter-end	3rd quarter-end	Fiscal year-end			Total		dividends (Total)	consolidated)		consolidated)
				Yen				Yen			Yen		Yen			Yen		Millions of yen		%			%
Year ended April 30, 2021			-				0.00			-		0.00				0.00		-		-				-
Year ended April 30, 2022			-				0.00			-		0.00				0.00		-		-				-
Year ending April 30, 2023			-				0.00			-		0.00				0.00					-
(Forecast)

1

3. Forecast of non-consolidated financial results for the year ending April 30, 2023 (from May 1, 2022 to April 30, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit		Earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	1,700	14.6	50	43.7	100	13.9	60	21.4	3.99

4. Notes

(1) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(2) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of April 30, 2022	15,025,582	shares	As of April 30, 2021	15,025,582	shares
Number of treasury shares at the end of the period
	As of April 30, 2022	- shares	As of April 30, 2021	- shares
Average number of shares during the period
	Year ended April 30, 2022	15,025,582	shares	Year ended April 30, 2021	14,952,715	shares

2