RareJob : Consolidated Financial Results for the Three Months Ended June 30, 2021

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Three Months Ended June 30, 2021

[Japanese GAAP]

August 12, 2021

Company name: RareJob, Inc.

Stock exchange listing: Tokyo

Code number: 6096

URL: https://www.rarejob.co.jp

Representative: Gaku Nakamura, CEO

Contact: Naoki Morita, Executive Officer & CFO

Phone: [phone]

Scheduled date of filing quarterly securities report: August 12, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Three Months Ended June 30, 2021 (April 01, 2021 to June 30, 2021)

(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Three months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
June 30, 2021	1,314		2.6	44	(57.6)	29	(72.5)	44	(33.5)
June 30, 2020	1,280		29.9	106	86.5	107	110.3	66	157.8

(Note) Comprehensive income:	Three months ended June 30, 2021:
	Three months ended June 30, 2020:

¥	35 million	[	(51.2) %]
¥	71 million	[	224.2%]

	Basic earnings		Diluted earnings per
	per share		share
Three months ended		Yen	Yen
June 30, 2021		4.86	4.69
June 30, 2020		7.41	7.08

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

June 30, 2021

4,592

2,268

43.4

March 31, 2021

4,468

2,116

41.2

(Reference) Equity: As of

June 30, 2021:

¥

1,995 million

As of

March 31, 2021:

¥

1,839 million

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021

-

0.00

-

10.00

10.00

Fiscal year ending March 31, 2022

-

Fiscal year ending March 31, 2022

0.00

-

11.00

11.00

(Forecast)

(Note) Revision to the forecast for dividends

announced most

recently:

No

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3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales	Operating profit	Ordinary profit	Profit attributable	Basic earnings per
	to owners of parent	share
	Million yen	%	Million yen	%	Million yen		%	Million yen	%	Yen
Full year	6,500	21.9	800	19.6		760		20.8	530	35.4	57.39
(Note) Revision to the financial results forecast announced most recently:	No
Forecast of consolidated operating results for FY2021 1st half is not prepared.
* Notes:
(1) Changes in significant subsidiaries during the three months ended June 30, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2021:	9,652,400	shares
March 31, 2021:	9,541,600	shares
2) Total number of treasury shares at the end of the period:
June 30, 2021:	380,989	shares
March 31, 2021:	460,801	shares

3) Average number of shares during the period:
Three months ended June 30, 2021:	9,127,354	shares
Three months ended June 30, 2020:	9,010,003	shares

• This financial report is not subject to the statutory quarterly review by a certified public accountant or audit firm.
• Explanation about the proper use of earnings forecasts, and other special notes
  The forward-looking statements, including results forecasts, contained in this document are based on information the Company has obtained as of today and certain assumptions the Company considers reasonable. The Company does not guarantee its achievement of the forward-looking statements. Actual results may differ significantly depending on a variety of factors.

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Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Thousand yen)
			As of March 31,2021	As of June 30,2021
Assets
	Current assets
		Cash and deposits	2,860,209	2,990,323
		Deposits paid	6,161	1,142
		Accounts receivable - trade	225,737	120,726
		Prepaid expenses	61,491	80,816
		Derivatives	38,594	27,225
		Other	21,957	33,761
		Total current assets	3,214,152	3,253,997
	Non-current assets
		Property, plant and equipment
		Buildings	144,324	148,328
		Accumulated depreciation	(56,801)	(61,372)
		Buildings, net	87,522	86,956
		Tools, furniture and fixtures	172,719	184,046
		Accumulated depreciation	(118,624)	(129,916)
		Tools, furniture and fixtures, net	54,094	54,129
		Vehicles	2,374	2,505
		Accumulated depreciation	(1,820)	(2,046)
		Vehicles, net	554	459
		Right-of use assets	391,404	412,916
		Accumulated depreciation	(45,773)	(61,543)
		Accumulated impairment loss	(25,896)	(27,311)
		Right-of-use assets,net	319,734	324,061
		Total property, plant and equipment	461,905	465,606
		Intangible assets
		Trademark right	2,116	2,054
		Software	312,336	291,862
		Software in progress	200,936	230,912
		Goodwill	70,715	67,640
		Other	330	330
		Total intangible assets	586,435	592,799
		Investments and other assets
		Investment securities	32,940	62,266
		Leasehold deposits	104,561	127,892
		Deferred tax assets	57,261	79,833
		Other	11,322	9,974
		Total investments and other assets	206,086	279,966
		Total non-current assets	1,254,427	1,338,373
	Total assets	4,468,579	4,592,370

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				(Thousand yen)
			As of March 31,2021	As of June 30,2021
Liabilities
	Current liabilities
		Current portion of long-term borrowings	30,000	30,000
		Lease obligations	46,812	50,178
		Accounts payable - other	179,172	162,230
		Accrued expenses	237,007	272,444
		Income taxes payable	163,653	8,924
		Accrued consumption taxes	154,312	97,343
		Advances received	132,568	284,868
		Deposits received	25,511	44,984
		Provision for bonuses	45,663	22,900
		Other	22,754	34,775
		Total current liabilities	1,037,458	1,008,650
	Non-current liabilities
		Long-term borrowings	960,000	945,000
		Retirement benefit liability	51,996	56,838
		Lease obligations	298,039	308,505
		Asset retirement obligations	2,984	2,911
		Provision for bonuses	242	363
		Other	974	1,115
		Total non-current liabilities	1,314,238	1,314,734
	Total liabilities	2,351,696	2,323,384
Net assets
	Shareholders' equity
		Share capital	582,082	603,506
		Capital surplus	618,074	755,658
		Retained earnings	916,302	869,853
		Treasury shares	(289,968)	(239,647)
		Total shareholders' equity	1,826,490	1,989,370
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	(1,146)	(1,259)
		securities
		Deferred gains or losses on hedges	26,776	18,889
		Foreign currency translation adjustment	5,883	7,150
		Remeasurements of defined benefit plans	(18,727)	(18,835)
		Total accumulated other comprehensive income	12,786	5,944
	Share acquisition rights	92,741	91,270
	Non-controlling interests	184,864	182,399
	Total net assets	2,116,882	2,268,985
Total liabilities and net assets	4,468,579	4,592,370

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Quarterly Consolidated Statements of Income and Comprehensive Income
	Quarterly Consolidated Statements of Income (For the three months)
			(Thousand yen)
		For the three months	For the three months
		ended June 30,2020	ended June 30,2021
Net sales	1,280,796	1,314,443
Cost of sales	577,956	555,899
Gross profit	702,839	758,543
Selling, general and administrative expenses	596,815	713,637
Operating profit	106,024	44,905
Non-operating income
	Interest income	27	30
	Foreign exchange gains	2,736	-
	Share of profit of entities accounted for using equity	356	-
	method
	Subsidy income	139	-
	Other	391	664
	Total non-operating income	3,652	694
Non-operating expenses
	Interest expenses	2,308	3,753
	Foreign exchange losses	-	6,357
	Share of loss of entities accounted for using equity	-	510
	method
	Depreciation	-	4,399
	Other	2	1,084
	Total non-operating expenses	2,311	16,105
Ordinary profit	107,365	29,494
Extraordinary losses
	Loss on withdrawal from business	-	517
	Total extraordinary losses	-	517
Profit before income taxes	107,365	28,976
Income taxes - current	32,498	5,187
Income taxes - deferred	13,676	(18,104)
Total income taxes	46,175	(12,917)
Profit	61,190	41,894
Loss attributable to non-controlling interests	(5,529)	(2,464)
Profit attributable to owners of parent	66,719	44,359

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