Hoosiers : Fiscal Year March 2021 Explanatory Materials on Financial Results

May 2021

Hoosiers Holdings (3284)

Fiscal Year March 2021 Explanatory Materials on Financial Results

Table	1.	FY3/21 overview of results
of
contents	2.	FY3/21 topics

1. FY3/22 topics
2. FY3/22 full-year performance forecasts
3. Shareholder distributions policy
4. Medium-TermManagement Plan

(FY3/22 to FY3/26)

2

1. Y3/21 overview of results

3

FY3/21 highlights

FY3/21 overview of consolidated earnings results

Net sales:	¥80,222 million	YoY:	(5.9%)
Operating income:	¥5,435 million	YoY: (18.8%)
Ordinary income:	¥4,616 million	YoY: (16.3%)
Income before income taxes:	¥3,349 million	YoY:	50.1%
Profit Attributable to owners of parent:	2,878 million	YoY:	939.3%

Topics

●Operating income decreased YoY due to controlled property sales in Real Estate Investment

●Impact of COVID-19

：Residences for sale and rent remained stable due to a recent trend emphasizing on housing environment driven by teleworking, etc.

：Sports/Hotel recorded operating loss and extraordinary loss

：Real Estate Investment reported a decline in net sales due to a decrease in the number of property sold

●Capital restructuring through TOB and cancellation of own shares

●Introduction of consolidated tax return filing system

4

Overview of consolidated income statement

• Condominium apartments/houses showed a strong growth due to changes in set of values regarding housing triggered by COVID-19⇒Exceeded the plan
• Hotel/Sports hit by COVID-19 recorded extraordinary loss of ¥1.7 billion including impairment loss on the business assets. Recorded extraordinary income related to sale of biomass power generation business

• Recorded deferred tax assets of ¥620 million as a result of introducing the consolidated tax return filing system

	FY3/19	FY3/20	FY3/21
		Composition		Full-year	vs full-year
(Million yen)			Results	YoY change
		ratio	forecasts	forecasts
Net Sales	89,882	85,231	80,222		(5,008)	80,000	0.3%
Gross profit	21,720	18,011	16,077	20.0%	(1,933)
Selling, general and
administrative	12,432	11,318	10,642	13.3%	(676)
expenses
Operating income	9,287	6,692	5,435	6.8%	(1,256)	4,200	29.4%
Non-operating	763	380	682	0.9%	302
income
Non-operating	1,572	1,559	1,502	1.9％	(57)
expenses
Ordinary income:	8,478	5,513	4,616	5.8%	(896)	3,500	31.9%
Extraordinary income	-	10	476	0.6%	465
Extraordinary losses	2,229	3,291	1,742	2.2％	(1,549)

	Income before income	6,249	2,231	3,349	4.2％		1,118
	taxes
	Income taxes - current	3,613	1,898	1,497	1.9％		(400)
	Income taxes -				(1.2％)
	(632)	64	(992)		(1,056)
	deferred
	Profit attributable to	3,195	276	2,878	3.6%		2,602	2,400	19.9%
	owners of parent		5