Takara Standard Co., Ltd.TSE: 7981

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2021

Aug 3, 2021 at 9:55 AM UTC · Issued by Takara Standard Co., Ltd.

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 3, 2021

	Summary of Consolidated Financial Results
	for the Three Months Ended June 30, 2021
	(under Japanese GAAP)
Company name: TAKARA STANDARD CO., LTD.
Stock listing:	First Section of the Tokyo Stock Exchange
Stock code:	7981
URL:	https://www.takara-standard.co.jp/
Representative:	Takeo Watanabe, President
Inquiries:	Kaoru Umeda, Executive Officer and General Manager of Accounting Department,
	Administration Division
	URL: https://forms.takara-standard.co.jp/webapp/form/22048_aqgb_6/index.do

Scheduled date to file quarterly securities report: August 11, 2021

Scheduled date to commence dividend payments: -

Preparation of supplementary material on quarterly financial results: None

Holding of quarterly financial results presentation meeting: None

(Million yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
		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	49,856		13.6	3,724	178.4	3,936	156.3	2,717	168.7
June 30, 2020	43,883			-	1,337	(59.5)	1,535	(56.4)	1,011	(57.4)

Note:	Comprehensive	income
	Three months ended June 30, 2021: ¥2,261 million [(3.2)%]
	Three months ended June 30, 2020: ¥2,337 million [15.5%]

		Basic earnings		Diluted earnings
		per share			per share

Three months ended	Yen			Yen
June 30, 2021	37.15			-
June 30, 2020	13.83			-

The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and related standards from the beginning of the first quarter ended June 30, 2021, and the consolidated operating results for the three months ended June 30, 2020 are retrospectively restated. However, in accordance with the transitional treatment, the percentage of year-on-year change of net sales for the three months ended June 30, 2020, is not shown.

(2) Consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share

As of	Million yen	Million yen	%	Yen
June 30, 2021	264,569	176,328	66.6	2,410.91
March 31, 2021	258,652	175,310	67.8	2,396.98

Reference: Equity
As of June 30, 2021: ¥176,328 million	As of March 31, 2021: ¥175,310 million
		- 1 -

2. Dividends

			Annual dividends

	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total

	Yen	Yen	Yen	Yen	Yen
Fiscal year ended	-	17.00	-	17.00	34.00
March 31, 2021

Fiscal year ending	-
March 31, 2022

Fiscal year ending		20.00	-	20.00	40.00
March 31, 2022
(Forecasts)

(Note) Revisions to the forecast of dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

(Percentages indicate year-on-year changes.)

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


	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Six months ending	92,000		2.3	4,600	27.6	4,800	24.5	3,100	23.3	42.39
September 30, 2021

Full year	194,300		1.6	11,600	5.8	12,000	5.3	7,800	2.8	106.65

(Note) Revisions to the consolidated earnings forecasts most recently announced: None

* Notes

Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Application of special accounting for preparing quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement of prior period financial statements after error corrections: None
Number of issued shares (common stock)
1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2021	73,937,194 shares
As of March 31, 2021	73,937,194 shares

Number of treasury shares at the end of the period

As of June 30, 2021	799,397 shares
As of March 31, 2021	799,397 shares

Average number of outstanding shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2021	73,137,797 shares
Three months ended June 30, 2020	73,138,326 shares

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Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
Proper use of earnings forecasts, and other special matters
Forward-looking statements provided in this document, including earnings forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee as to their future achievement. Actual business and other results may differ materially from the forecasts depending on various factors.

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Quarterly Consolidated Financial Statements

(1) Quarterly consolidated balance sheets

				(Millions of yen)
			As of March 31, 2021	As of June 30, 2021

Assets
Current assets
Cash and deposits	74,719	78,598
Notes and accounts receivable - trade	39,405	36,098
Electronically recorded monetary claims -	19,308		23,816
operating

Merchandise and finished goods	8,744	9,716
Work in process	2,730	2,823
Raw materials and supplies	3,632	3,800
Other	261	1,095
Allowance for doubtful accounts		(16)	(17)
Total current assets	148,785	155,931
Non-current assets
Property, plant and equipment
Buildings and structures, net	26,184	25,804
Land	39,558	39,345
Other, net		17,498	17,593
Total property, plant and equipment	83,240	82,744
Intangible assets		1,937	1,933
Investments and other assets
Investment securities	16,816	15,985
Other	7,891	7,990
Allowance for doubtful accounts		(19)	(17)
Total investments and other assets	24,688	23,959
Total non-current assets		109,867	108,637
Total assets		258,652	264,569

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			(Millions of yen)
		As of March 31, 2021	As of June 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade	17,116	18,010
Electronically recorded obligations - operating	20,620	22,859
Short-term borrowings	9,700	9,700
Income taxes payable	1,542	1,297
Other	13,979	16,059
Total current liabilities	62,958	67,926
Non-current liabilities
Retirement benefit liability	18,524	18,457
Other	1,859	1,857
Total non-current liabilities	20,384	20,314
Total liabilities	83,342	88,241
Net assets
Shareholders' equity
Share capital	26,356	26,356
Capital surplus	30,736	30,736
Retained earnings	114,296	115,746
Treasury shares	(934)	(934)
Total shareholders' equity	170,455	171,905
Accumulated other comprehensive income
Valuation difference on available-for-sale	7,173	6,600
securities

Deferred gains or losses on hedges	(3)	(1)
Revaluation reserve for land	613	637
Remeasurements of defined benefit plans	(2,928)	(2,812)
Total accumulated other comprehensive income	4,854	4,423
Total net assets	175,310	176,328
Total liabilities and net assets		258,652	264,569

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