VIA : Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (Under Japanese GAAP)

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (Under Japanese GAAP)

	May 13, 2022
Company name:	VIA HOLDINGS INC.
Stock listing:	Tokyo Stock Exchange Prime Section
Code number:	7918
URL:	http://www.via-hd.co.jp
Representative:	Kenichiro Kusumoto, Representative Director and President
Inquiries:	Hideomi Hane, Executive Officer and General Manager of Management Promotion Department

(Phone: [phone])

Scheduled date of annual general meeting of shareholders: June 29, 2022

Scheduled date of dividend payment commencement: June 30, 2022

Scheduled date of securities report submission: June 29, 2022

Supplemental materials for the financial results: Yes

Presentation to explain for the financial results: Yes

(Yen amounts are rounded down to millions of yen.)

1. Consolidated financial results for the fiscal year ended March 31, 2022 (April 1, 2021 - March 31, 2022)

(1) Consolidated operating results							(Percentage figures indicate year-on-year changes.)
	Net sales			Operating profit	Ordinary profit			Profit attributable to
						owners of parent
	Millions of yen		%	Millions of yen		%	Millions of yen		%		Millions of yen		%
Fiscal year ended	10,258		(15.7)	(1,123)			-		(827)		-				543		-
March 31, 2022
Fiscal year ended	12,168		(50.1)	(2,631)			-		(2,543)		-				(5,606)		-
March 31, 2021
Note: Comprehensive income Fiscal year ended March 31, 2022	543 million yen (-%)
	Fiscal year ended March 31, 2021	-5,629 million yen (-%)
	Profit per share		Diluted profit per		Return on equity		Ratio of ordinary	Ratio of operating
			share				profit to total assets	profit to net sales
		Yen		Yen				%				%				%
Fiscal year ended	16.25		16.07					-				(8.4)		(11.0)
March 31, 2022
Fiscal year ended	(175.64)		-					-			(20.9)		(21.6)
March 31, 2021
Reference: Share of profit (loss) of entities accounted for using equity method	Fiscal year ended March 31, 2022	- million yen
									Fiscal year ended March 31, 2021	- million yen

Note: The presentation of return on equity (ROE) was omitted as equity was negative at the end of the consolidated previous fiscal year.

(2) Consolidated financial position

	Total assets	Net assets		Equity ratio		Net assets per share
	Millions of yen	Millions of yen		%	Yen
Fiscal year ended	9,379		2,498		26.6	(101.95)
March 31, 2022
Fiscal year ended	10,405		(4,479)		(43.1)	(140.34)
March 31, 2021
Reference: Equity	Fiscal year ended March 31, 2022	2,496 million yen
	Fiscal year ended March 31, 2021	-4,479 million yen

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Balance of cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
	Millions of yen	Millions of yen	Millions of yen	Millions of yen
Fiscal year ended	(649)	324	1,124	1,374
March 31, 2022
Fiscal year ended	(2,702)	110	1,063	575
March 31, 2021

2. Cash dividends

		Annual dividends per share		Total cash		Ratio of
						Payout ratio	dividends to
	First	Second	Third	Fiscal		dividends
	Total	(Consolidated)	net assets
	quarter-end	quarter-end	quarter-end	year-end	(Total)
			(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of	%	%
	yen
Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
March 31, 2021
Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
March 31, 2022
Fiscal year ending
March 31, 2023	-	0.00	-	0.00	0.00		-
(Forecast)

Note: The cash dividends section above shows the status of dividends on common stock. For the status of dividends on a class of stock (unlisted) with rights that differ from those for common stock issued by the Company, see the section titled "Dividends on class stocks".

Note: With regard to the year-end dividend forecast for the fiscal year ending March 2023, we regret to inform you that we will not pay dividends due to the anticipated effects of COVID-19.

3. Consolidated financial results forecast for the fiscal year ending March 31, 2023 (April 1, 2022 - March 31, 2023)

(Percentage figures show year-on-year increase or decrease.)

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Profit per share
				owners of parent
	Millions of		%	Millions of		%	Millions of		%	Millions of	%	Yen
	yen		yen		yen		yen
First 6 months	6,400		58.6	220		-	170		-	90	(91.4)	2.62
Full year	16,100		56.9	550		-	430		-	250	(54.0)	7.28

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
   New companies: -
   Excluded companies: -
2. Changes in accounting policies, changes in accounting estimates, and restatement
   (i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

(ii) Changes in accounting policies other than as provided in item (i)	None
(iii) Changes in accounting estimates:	None
(iv) Restatement:	None

1. Number of issued shares (common stock)
   (i) Total number of issued shares at the end of the period(including treasury shares)

Fiscal year ended March 31, 2022	34,363,400 shares
Fiscal year ended March 31, 2021	32,369,400 shares
(ii) Number of treasury shares at the end of the period
Fiscal year ended March 31, 2022	2,500 shares
Fiscal year ended March 31, 2021	448,900 shares
(iii) Average number of shares for the period
Fiscal year ended March 31, 2022	33,453,745 shares
Fiscal year ended March 31, 2021	31,920,500 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1)	Non-consolidated operating results				(Percentage figures indicate year-on-year changes.)
		Net sales		Operating profit		Ordinary profit	Profit
		Millions of yen		%	Millions of yen	%		Millions of yen	%	Millions of yen	%
Fiscal year ended	911		(0.1)	219	229.9	357	325.5	(615)	-
March 31, 2022
Fiscal year ended	912		(3.9)	66	-	84	-	(3,961)	-
March 31, 2021
		Profit per share	Diluted profit per share
				Yen		Yen
Fiscal year ended			(18.40)		-
March 31, 2022
Fiscal year ended			(124.10)		-
March 31, 2021
Note:	The presentation of diluted profit per share was omitted as there was a loss per share, although there existed dilutive shares.

1. Non-consolidatedfinancial position

	Total assets	Net assets		Equity ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
Fiscal year ended	6,909		2,729	39.5	(95.22)
March 31, 2022
Fiscal year ended	6,515	(3,089)	(47.4)	(96.77)
March 31, 2021
Reference: Equity	Fiscal year ended March 31, 2022	2,728 million yen
	Fiscal year ended March 31, 2021	-3,089 million yen

Financial results reports are exempt from audit procedures conducted by certified public accountants or an audit corporation.

Proper use of earnings forecasts, and other special matters

The forward-looking statements provided in this document, such as financial results forecasts, are based on information currently available to the Company and certain assumptions deemed to be reasonable. Actual financial results could potentially differ markedly from the forecasts due to various factors. For matters related to the financial results forecast mentioned above, see the "Future outlook" section on page 4 of the attached document.

Dividend on class stock

Shown below is a breakdown of the dividend per share on class stock whose rights differ from those of common stock. (Class C preferred stock)

				Dividend per share
		First	Second	Third	Fiscal		Total
		quarter-end	quarter-end	quarter-end	year-end
		Yen	Yen	Yen	Yen		Yen
Fiscal year ended	-	-	-	0.00		0.00
March 31, 2021
Fiscal year ended	-	-	-	73,589.04		73,589.04
March 31, 2022
Fiscal year ending
March 31, 2023	-	-	-	85,000.00		85,000.00
(Forecast)
Note:	1. Class C preferred stock were issued in May 2021. Dividends will be paid from the fiscal year ended March 31, 2022 in
	accordance with the Class C preferred stock issuance guidelines set forth at the time of issuance.

2. Dividends for the fiscal year ended March 31, 2022 are funded by capital surplus. For details, see the section titled "Breakdown of dividends funded by capital surplus".

(Class D preferred stock)

				Dividend per share
		First	Second	Third	Fiscal		Total
		quarter-end	quarter-end	quarter-end	year-end
		Yen	Yen	Yen	Yen		Yen
Fiscal year ended	-	-	-	0.00		0.00
March 31, 2021
Fiscal year ended	-	-	-	17,315.07		17,315.07
March 31, 2022
Fiscal year ending
March 31, 2023	-	-	-	20,000.00		20,000.00
(Forecast)
Note:	1. Class D preferred stock were issued in May 2021. Dividends will be paid from the fiscal year ended March 2022 in
	accordance with the Class D preferred stock issuance guidelines set forth at the time of issuance.

2. Dividends for the fiscal year ended March 31, 2022 are funded by capital surplus. For details, see the section titled "Breakdown of dividends funded by capital surplus".

Breakdown of dividends funded by capital surplus

Shown below is the breakdown of dividends funded by capital surplus, among dividends for the fiscal year ended March 31, 2022. (Class C preferred stock)

	Record date	Fiscal year-end	Total
Dividend per share	73,589.04 yen	73,589.04 yen
Total cash dividends	110 million yen	110 million yen
Note:	Percentage decrease in net assets: 0.117
(Class D preferred stock)
	Record date	Fiscal year-end	Total
Dividend per share	17,315.07 yen	17,315.07 yen
Total cash dividends	77 million yen	77 million yen
Note:	Percentage decrease in net assets: 0.028

	VIA Holdings Inc. (7918) Financial Results for the Fiscal Year Ended March 31, 2022
Table of Contents of Attachments
1. Overview of Operating Results, etc. ..........................................................................................................................	2
(1)	Overview of operating results for the fiscal year under review .........................................................................	2
(2)	Overview of financial position for the fiscal year under review ........................................................................	3
(3)	Overview of cash flows for the fiscal year under review...................................................................................	4
(4)	Future outlook....................................................................................................................................................	4
(5)	Material matters on a going concern assumption...............................................................................................	5
(6)	Accounting treatment relating to COVID-19.....................................................................................................	5
(7)	Progress of insolvency resolution plan ..............................................................................................................	6
2. Our basic approach regarding choice of accounting principles ..................................................................................	7
3. Consolidated Financial Statements and Key Notes ....................................................................................................	8
(1)	Consolidated balance sheet ................................................................................................................................	8
(2)	Consolidated statement of income and consolidated statement of comprehensive income .............................	10
(3)	Consolidated statement of changes in equity ...................................................................................................	12
(4)	Consolidated statement of cash flows ..............................................................................................................	14
(5)	Notes to consolidated financial statements ......................................................................................................	16
	(Notes on going concern assumption)..............................................................................................................	16
	(Note on a substantial change in the amount shareholders' equity) .................................................................	17
	(Changes in accounting policies) .....................................................................................................................	17
	(Additional information)..................................................................................................................................	17
	(Segment information) .....................................................................................................................................	18
	(Per-share information) ....................................................................................................................................	19
	(Significant subsequent events) .......................................................................................................................	19

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