Geo Holdings CorporationTSE: 2681

Summary of Financial Statements for the Fiscal Year Ended March 31, 2021

May 26, 2021 at 7:02 AM UTC · Issued by Geo Holdings Corporation

*This is an English translation for reference purpose only, and the original disclosure document was filed on May 14, 2021 at 16:00 (GMT+9)

Summary of Financial Statements for the

Fiscal Year Ended March 31, 2021

(Japan GAAP)

GEO HOLDINGS CORPORATION	May 14, 2021
Listed Exchange : Tokyo
Securities Code:	2681	URL: http://www.geonet.co.jp
Representative:	Yuzo Endo, President
Contact:	Yoshiaki Kajita,	Telephone: +81 52 350 5711
	General Manager, Accounting and Finance Dept.

Scheduled date of the Annual General Shareholders Meeting: June 29, 2021

Scheduled date to submit annual securities report: June 30, 2021

Scheduled date to start dividend payment: June 30, 2021

Supplementary material on financial results: Yes

Briefing on this annual financial results : Yes

(Amounts less than million yen are discarded.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (from April 1, 2020 to March 31, 2021)

Consolidated operating results

(The percentages indicate the rates of increase or decrease from the previous year.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Fiscal Year ended:

(Millions of yen)

(Millions of

yen)

March 31, 2021

328,358

7.6

4,311

(57.0)

4,795

(55.5)

(752)

March 31, 2020

305,057

4.3

10,022

(36.0)

10,765

(38.9)

3,844

(62.7)

(Note) Comprehensive income:

(676 million yen)

(- %) for fiscal year ended March 31, 2021

3,809 million yen (decrease of 62.6%) for fiscal year ended March 31, 2020

Ratio of

Fully diluted

Return on

ordinary profit

operating

Earnings per share

earnings per

to total assets

profit to net

equity

sales

Fiscal Year ended:

(yen)

(%)

March 31, 2021

(17.75)

(1.0)

3.1

1.3

March 31, 2020

89.18

89.03

5.2

7.7

3.3

(Reference) Equity in net

14 million yen for

fiscal year ended March 31, 2021

income of affiliates:

10 million yen for fiscal year ended March 31, 2020

(2) Consolidated financial position

Total assets

Net assets

Shareholders'

Book value per

equity ratio

(Millions of yen)

(yen)

As of March 31, 2021

169,738

72,982

42.8

1,711.37

As of March 31, 2020

144,702

75,016

51.6

1,761.32

(Reference) Shareholders'

As of March 31, 2021:

72,572 million yen

equity:

As of March 31, 2020:

74,678 million yen

(3) Consolidated statement of cash flow

Cash flow from

Cash and cash

equivalents at end of

operating activities

investing activities

financing activities

period

(Millions of yen)

Fiscal Year ended:

March 31, 2021

12,428

(8,225)

14,683

54,576

March 31, 2020

5,108

(11,342)

3,037

35,666

GEO HOLDINGS CORPORATION (2681) Consolidated Financial Results for the Fiscal Year ended March 31, 2021

2. Dividends


							Total	Dividend		Ratio of
								dividends to
		Dividend per share (yen)			dividend	payout ratio
					shareholders'
							paid	(consolidated)
								equity

	1st	2nd	3rd	Year-	Annual		(Millions of	%	%
(Record dates)	quarter	quarter	quarter
end		yen)
	end	end	end

Fiscal Year ended	-	17.00	-	17.00	34.00	1,449		38.1	2.0
March 31, 2020

Fiscal Year ended	-	17.00	-	17.00	34.00	1,441		-	2.0
March 31, 2021

Fiscal Year ending									50.9
March 31, 2022	-	12.00	-	12.00	24.00
(Forecast)

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

(The percentages indicate the rates of increase or decrease from the previous year.)

							Profit attributable to	Earnings
	Net sales		Operating profit	Ordinary profit	per
		owners of parent
							share


	(Millions of yen)	%	(Millions of yen)	%	(Millions of yen)	%	(Millions of yen)	%	yen
Full year	320,000	(2.5)	4,000	(7.2)	4,500	(6.2)	2,000	-	47.16

(Note): Since Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan Statement No. 29) and others will be applied from the beginning of the fiscal year ending March 31, 2022, the amounts of consolidated earnings forecast above reflect application of this standard.

GEO HOLDINGS CORPORATION (2681) Consolidated Financial Results for the Fiscal Year ended March 31, 2021

Notes

Changes in important subsidiaries during the fiscal year ended March 31, 2021 (changes in Specified Subsidiaries accompanying a change in the scope of consolidation): None
Changes in accounting principles or changes in accounting estimates or retrospective restatements.
1. Changes in accounting principles due to amendments to accounting standards, etc.: None
2. Changes in accounting principles other than 1): None
3. Changes in estimates used for accounting: None
4. Retrospective restatements: None
Number of shares outstanding (common stock)
1. Number of shares outstanding (including treasury stock):

As of March 31, 2021	42,405,952 shares
As of March 31, 2020	43,929,488 shares
2) Number of treasury shares:
As of March 31, 2021	- shares
As of March 31, 2020	1,530,536 shares

	3) Average number of outstanding shares:
	During the fiscal year ended March 31, 2021	42,401,900 shares
	During the fiscal year ended March 31, 2020	43,107,452 shares
(Reference) Unconsolidated Results for the Fiscal Year Ended March 31, 2021
	(from April 1, 2020 to March 31, 2021)
	(1) Unconsolidated operating results
										(The percentages indicate the rate of increase or decrease from the previous year.)
				Net sales			Operating profit	Ordinary profit	Profit
	Fiscal Year ended:		(Millions of yen)			%		(Millions of yen)	%		(Millions of yen)	%	(Millions of yen)	%
	March 31, 2021		11,136			24.0		1,146	(3.6)		(388)	-	5,051	-
	March 31, 2020		8,981			11.1		1,189	(2.3)		413	(79.1)	(1,282)	-

		Earnings per share			Fully diluted
			earnings per share

	Fiscal Year Ended:			(yen)				(yen)
	March 31, 2021		119.14				118.95
	March 31, 2020		(29.74)				-
	(2) Unconsolidated financial position
				Total assets			Net assets		Shareholders' equity		Shareholders' equity
							ratio			per share

				(Millions of yen)		(Millions of yen)		%			(yen)
	As of March 31, 2021		95,469					26,527			27.4		615.88
	As of March 31, 2020		73,831					22,743			30.3		528.43
	(Reference) Shareholders' equity:		As of March 31, 2021		26,116 million yen
				As of March 31, 2020		22,404 million yen

For the current fiscal year, the Company's unconsolidated net sales increased from the previous fiscal year due to increase in commissions from subsidiaries received by the Company. On the other hand, the Company's unconsolidated ordinary profit decreased from the previous fiscal year due to provision for allowance for doubtful accounts to subsidiaries. Profit increased from the previous fiscal year from accounting extraordinary profit (gain on extinguishment of tie-in shares) due to reorganization of subsidiaries conducted during the current fiscal year.

*This summary is not subject to the audit procedures by a certified public accountant or audit corporation.

*Explanation regarding appropriate use of financial forecasts and other special remarks

The forward-looking statements included in this summary such as financial forecasts are based on currently available information and certain assumptions, which we deem to be reasonable as of the date of this summary. There is no guarantee that the Company will achieve those targets. Actual results may differ significantly from

GEO HOLDINGS CORPORATION (2681) Consolidated Financial Results for the Fiscal Year ended March 31, 2021

these forecasts due to various factors. Please see "1. Overview of Results of Operations, etc.," "(1) Overview of Operating Results" on page 2 of the Attachments for the basis of forecasts and notes on reliance on forecasts.

	GEO HOLDINGS CORPORATION (2681)
		Consolidated Financial Results
	for the Fiscal Year ended March 31, 2021
Table of Contents for the Attachments
1. Overview of Results of Operations, etc...........................................................................................................	2
(1)	Overview of Operating Results..................................................................................................................	2
(2)	Overview of consolidated financial position..............................................................................................	5
(3)	Cash Flows.................................................................................................................................................	5
(4)	Basic policy in distributing profits and dividends for the current and next fiscal year..............................	6
2. The GEO Group Companies ...........................................................................................................................	7
3. Basic idea in selection of the accounting standards ........................................................................................	7
4. Consolidated Financial Statements .................................................................................................................	8
(1)	Consolidated Balance Sheet.......................................................................................................................	8
(2)	Consolidated Income Statement and Statement of Comprehensive Income............................................	10
	Consolidated Income Statement...............................................................................................................	10
	Statement of Comprehensive Income ......................................................................................................	11
(3)	Consolidated Statements of Change in Net Assets ..................................................................................	12
(4)	Consolidated Statements of Cash Flows..................................................................................................	14
(5)	Notes to consolidated financial statements ..............................................................................................	15
	(Going concern assumptions) ..................................................................................................................	15
	(Segment information) .............................................................................................................................	15
	(Per share information (in yen))...............................................................................................................	16
	(Subsequent events after the current period)............................................................................................	16

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