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

Consolidated Financial Results

for the Three Months Ended June 30, 2021

[Japanese GAAP]

July 30, 2021

Company name: Ryoden Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 8084

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

Representative: Nobuo Shogaki, President & CEO

Contact: Hirozou Tomomori, General Manager, General Affairs Department

Phone: [phone]

Scheduled date of filing quarterly securities report: August 11, 2021

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: No

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 1, 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	%
		52,841	13.6			1,143	99.4			1,299	94.0	836	93.5
	June 30, 2021
	Three months ended		46,525	(18.0)			573	(41.8)			669	(39.4)	432	(39.4)
	June 30, 2020
(Note) Comprehensive income: Three months ended June 30, 2021: ¥1,494 million [211.2%]
				Three months ended June 30, 2020: ¥480 million [(40.4)%]
			Profit per share			Diluted profit per
					share
	Three months ended				Yen				Yen
				38.49					38.29
	June 30, 2021
	Three months ended				19.91					19.81
	June 30, 2020
(2) Consolidated Financial Position
				Total assets		Net assets	Equity ratio		Net assets per share
					Million yen			Million yen		%			Yen
	As of June 30, 2021			128,307			70,805		55.1			3,248.74
	As of March 31, 2021			125,529			69,919		55.6			3,208.01

(Reference) Equity: As of June 30, 2021: ¥70,644 million As of March 31, 2021: ¥69,759 million

2. Dividends

						Annual dividends
		1st	2nd		3rd		Year-end		Total
		quarter-end	quarter-end		quarter-end
Fiscal year ended		Yen	Yen		Yen		Yen		Yen
	―	28.00		―	28.00	56.00
March 31, 2021
Fiscal year ending		―
March 31, 2022
Fiscal year ending
March 31, 2022					28.00		―	28.00	56.00
(Forecast)

Note: Revision from the most recently announced dividend forecast: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Profit per share
		to owners of parent
First half	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
107,000	15.4	2,100	71.0	2,200	63.2	1,500	39.9	68.98
Full year	221,000	12.3	5,000	46.4	5,100	39.6	3,500	49.4	160.95

Note: Revision from the most recently announced financial results forecast: Yes

Please refer to "Notice of Revisions to the Financial Results Forecast" announced today (Japanese only) for the revisions to the financial results forecast.

* Notes:

1. Changes in significant subsidiaries during the period under review (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: Yes
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 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
5. Total number of issued shares (common stock)
6. 1. Total number of issued shares at the end of the period (including treasury stock):

June 30, 2021: 22,824,977 shares

March 31, 2021: 22,824,977 shares

2) Total number of treasury stock at the end of the period:

June 30, 2021: 1,079,661 shares

March 31, 2021: 1,079,636 shares

3) Average number of shares during the period:

Three months ended June 30, 2021: 21,745,316 shares

Three months ended June 30, 2020: 21,719,012 shares

• These quarterly financial results are outside the scope of quarterly review procedures by certified public accountant or audit firm.
• Explanation of the proper use of financial results forecast and other notes

The statements concerning future performance presented in this document are prepared based on currently available information and certain preconditions which the Company believes to be reasonable at this time. Actual results may be different from any projections presented herein due to various factors.

(1) Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2021	As of June 30, 2021
Assets
Current assets
Cash and deposits	21,129	20,528
Notes and accounts receivable - trade	48,050	―
Notes and accounts receivable - trade, and contract		45,171
assets	―
Electronically recorded monetary claims - operating	19,823	23,060
Securities	―	147
Merchandise and finished goods	19,285	21,107
Other	3,062	3,843
Allowance for doubtful accounts	(18)	(18)
Total current assets	111,332	113,840
Non-current assets
Property, plant and equipment	3,881	3,864
Intangible assets	724	748
Investments and other assets
Other	9,819	10,087
Allowance for doubtful accounts	(228)	(234)
Total investments and other assets	9,591	9,852
Total non-current assets	14,197	14,466
Total assets		125,529	128,307

1

			(Million yen)
		As of March 31, 2021	As of June 30, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade	33,706	33,892
Electronically recorded obligations - operating	12,625	14,489
Short-term borrowings	407	528
Income taxes payable	212	480
Other	4,001	3,639
Total current liabilities	50,954	53,030
Non-current liabilities
Retirement benefit liability	3,609	3,567
Other	1,046	903
Total non-current liabilities	4,655	4,471
Total liabilities	55,609	57,501
Net assets
Shareholders' equity
Share capital	10,334	10,334
Capital surplus	7,437	7,437
Retained earnings	51,671	51,899
Treasury shares	(813)	(813)
Total shareholders' equity	68,629	68,857
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,633	1,766
Foreign currency translation adjustment	69	574
Remeasurements of defined benefit plans	(573)	(554)
Total accumulated other comprehensive income	1,129	1,787
Share acquisition rights	160	160
Total net assets	69,919	70,805
Total liabilities and net assets		125,529	128,307

2