Neturen Co., Ltd.TSE: 5976

Consolidated Financial Results for the Nine Months Ended December 31, 2021

Feb 22, 2022 at 2:50 AM UTC · Issued by Neturen Co., Ltd.

Consolidated Financial Results

for the Nine Months Ended December 31, 2021

[Japanese GAAP]

February 4, 2022

Company name: Neturen Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange

Code number: 5976

URL: https://www.k-neturen.co.jp/

Representative: Katsumi Omiya, Representative Director, Member of the Board, President and Chief Executive Officer

Contact: Takaaki Aoi, General Manager, Accounting Department, Administrative Headquarters

Phone: +81-3-3443-5441

Scheduled date of filing quarterly securities report: February 9, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: No

Availability of quarterly financial results briefing: No

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

1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 - December 31,

2021)
(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
				Net sales			Operating income		Ordinary income		Profit attributable to
								owners of parent

	Nine months ended		Million yen	%	Million yen	%		Million yen	%		Million yen	%
	December 31, 2021		37,946	27.5		2,605	-		3,127	-		1,958	545.1
	December 31, 2020		29,764	(17.4)		(140)	-		257	(84.4)		303	(57.9)
	(Note) Comprehensive	income: Nine months	ended December 31, 2021: ¥3,150 million [-%]
				Nine months ended December 31, 2020: ¥(0) million [-%]
			Basic earnings		Diluted
				earnings
			per share
					per share

	Nine months ended			Yen			Yen
	December 31, 2021		49.10			-
	December 31, 2020		7.43			-
(2) Consolidated Financial Position
				Total assets		Net assets	Equity ratio
					Million yen		Million yen		%
	As of December 31, 2021		80,139		64,588		72.0
	As of March 31, 2021			75,574		62,714		74.4

(Reference) Equity: As of December 31, 2021: ¥57,711 million As of March 31, 2021: ¥56,233 million

2. Dividends

				Annual dividends
		1st quarter-end	2nd quarter-end		3rd quarter-end	Year-end	Total

Fiscal year ended		Yen	Yen		Yen	Yen	Yen
	-	5.00		-	9.00	14.00
March 31, 2021

Fiscal year ending		-	13.00		-

March 31, 2022

Fiscal year ending
March 31, 2022						12.00	25.00
(Forecast)
(Note) Revision to	the forecast for dividends announced most recently: None

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

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales		Operating income	Ordinary income	to owners of
		per share
							parent

Full year	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
51,500	21.0	3,300	258.6	3,700	150.7	2,400	795.0	60.21

(Note) Revision to the financial results forecast announced most recently: None

* Notes:

Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation) Newly included: -
Excluded: -
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes (Note) For details, please see "2. Quarterly Consolidated Financial Statements (3) Notes to Quarterly Consolidated Financial Statements (Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)" on page 7 of the appendix (Japanese version only).
Changes in accounting policies, changes in accounting estimates and retrospective restatement

1)	Changes in accounting policies due to the revision of accounting standards:	Yes
2)	Changes in accounting policies other than 1) above:		None
3)	Changes in accounting estimates:		None
4)	Retrospective restatement:		None
(4) Total number of issued and outstanding shares (common shares)
1)	Total number of issued and outstanding shares at the end of the period (including treasury shares):
	December 31, 2021:	43,790,500 shares
	March 31, 2021:	43,790,500 shares
2)	Total number of treasury shares at the end of the period:
	December 31, 2021:	3,884,118 shares
	March 31, 2021:	3,928,280 shares
3) Average number of shares during the period:
	Nine months ended December 31, 2021:	39,888,801 shares
	Nine months ended December 31, 2020:	40,834,511 shares

These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.

Explanation of the proper use of financial results forecast and other notes (Notes on forward-looking statements, etc.)
The forward-looking statements contained in this document are based on judgments made in accordance with information available at the time of the release of this document and include many uncertain factors. Actual results may differ from these forecasts due to changes in business conditions and other factors.
For the assumptions used for the financial results forecast as well as precautions regarding the use of such forecast, please refer to "1. Qualitative Information on Quarterly Financial Results (3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the Attachments (Japanese version only).

2. Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheets

(Million yen)

As of March 31, 2021

As of December 31, 2021

Assets

Current assets

Cash and deposits

Notes and accounts receivable - trade

Notes and accounts receivable - trade, and contract assets

Electronically recorded monetary claims

Securities

Finished goods

Work in process

Raw materials and supplies

Other

Allowance for doubtful accounts

Total current assets

Non-current assets

Property, plant and equipment

Buildings and structures, net

Machinery, equipment and vehicles, net

Land

Construction in progress

Other, net

Total property, plant and equipment

Intangible assets

Leasehold interests in land

Goodwill

Other

Total intangible assets

Investments and other assets

Investment securities

Long-term loans receivable

Retirement benefit asset

Other

Allowance for doubtful accounts

Total investments and other assets

Total non-current assets

Total assets

14,675	18,118
10,717	-
	10,811
-
3,640	3,683
383	328
885	1,379
1,570	2,030
2,217	2,741
1,430	2,309
(41)	(42)
35,478	41,360
8,527	8,293
9,337	8,792
9,866	9,881
1,081	728
349	734
29,163	28,430
639	647
4	1
141	105
785	754
8,686	8,093
28	23
86	77
1,426	1,480
(79)	(79)
10,147	9,594
40,096	38,779
75,574	80,139

(Million yen)

As of March 31, 2021

As of December 31, 2021

Liabilities

Current liabilities

Notes and accounts payable - trade Electronically recorded obligations - operating Short-term borrowings

Income taxes payable

Provision for bonuses

Provision for bonuses for directors (and other officers)

Other

Total current liabilities

Non-current liabilities

Long-term borrowings

Provision for share awards for directors (and other officers)

Retirement benefit liability

Other

Total non-current liabilities

Total liabilities

Net assets

Shareholders' equity

2,793	3,201
3,008	4,487
1,486	1,295
268	755
699	394
12	27
2,122	3,232
10,391	13,394
1,268	836
	6
3
562	531
634	782
2,469	2,157
12,860	15,551

Share capital	6,418	6,418
Capital surplus	4,698	4,688
Retained earnings	47,415	48,442
Treasury shares	(3,106)	(3,071)
Total shareholders' equity			55,425	56,477
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,141	701
Foreign currency translation adjustment	(452)	420
Remeasurements of defined benefit plans		118	111
Total accumulated other comprehensive income	807	1,233
Non-controlling interests			6,481	6,876
Total net assets	62,714	64,588
Total liabilities and net assets			75,574	80,139

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