Plenus : Summary of Consolidated Financial Results for the Year Ended February 28, 2022 (Based on Japanese GAAP)

Note: This document has been translated from 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.

Summary of Consolidated Financial Results for the Year Ended February 28, 2022 (Based on Japanese GAAP)

April 13, 2022

Stock exchange listing: Tokyo
URL:https://www.plenus.co.jp/
Tatsuo Shioi
Toshiyuki Fujinami TEL: [phone]
Scheduled date of annual general meeting of shareholders:	May 25, 2022
Scheduled date to commence dividend payments:	May 10, 2022
Scheduled date to commence dividend payments:	May 25, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for analysts and institutional investors)
(Amounts less than one million yen are rounded down)

Company name: Stock code: Representative: Inquiries:

Plenus Co., Ltd. 9945

President and Representative Director Accounting Division/IR Department Manager

1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent
Year ended February 28, 2022 Year ended February 28, 2021	Millions of yen 143,036 140,509	% 1.8 (6.1)	Millions of yen 4,053 902	% 349.0 159.0	Millions of yen 7,578 2,037	% 271.9 179.4	Millions of yen 2,227 (2,545)	% － －

(1) Consolidated operating results
(Note) Comprehensive income:	Year ended February 28, 2022	2,465 million yen	(－%)
Year ended February 28, 2021	(2,495) million yen	(－%)

(Percentages indicate year-on-year changes.)

Basic earnings per share	Diluted earnings per share	Return on equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
Year ended February 28, 2022 Year ended February 28, 2021	Yen 58.05 (66.39)	Yen 57.85 －	% 4.4 (4.8)	% 9.4 2.4	% 2.8 0.6

(Reference) Equity method investment gain (loss): Year ended February 28, 2022 50 million yen

Year ended February 28, 2021 60 million yen

(Note) Diluted earnings per share for the year ended February 28, 2021 are not shown given negative earnings per share although there are dilutive shares.

(2) Consolidated financial position

Total assets	Net assets	Equity-to-asset ratio	Net assets per share
As of February 28, 2022 As of February 28, 2021	Millions of yen 80,795 80,389	Millions of yen 52,053 51,867	% 63.2 63.4	Yen 1,329.78 1,329.87

(Reference) Shareholders' equity:	As of February 28, 2022:	51,036 million yen
As of February 28, 2021	51,001 million yen

(3) Consolidated cash flows

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
Year ended February 28, 2022 Year ended February 28, 2021	Millions of yen 10,788 4,726	Millions of yen (2,274) (2,729)	Millions of yen (2,739) (1,317)	Millions of yen 16,192 10,491

• 2. Cash dividends

  Annual dividends per share	Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
  First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
  Year ended February 28, 2021 Year ended February 28, 2022	Yen － －	Yen 0.00 30.00	Yen － －	Yen 30.00 30.00	Yen 30.00 60.00	Millions of yen 1,150 2,302	% － 103.4	% 2.2 4.4
  Year ending February 28, 2023 (Forecast)	－	30.00	－	30.00	60.00	75.7

• 3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023) (Percentages indicate changes compared with the previous year for full year results, and those compared with the same quarterly period of the previous year for quarterly results)

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent	Earnings per share
Six months ended August 31, 2021 (Cumulative) Full year	Millions of yen 74,180 149,800	% 4.4 4.7	Millions of yen 3,430 6,060	% 60.0 49.5	Millions of yen 3,790 6,530	% (0.5) (13.8)	Millions of yen 2,230 3,040	% 4.9 36.5	Yen 58.10 79.21

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope ofconsolidation):

No

Newly included: - companies (Company name), Excluded: - companies (Company name)

(2) Changes in accounting policies, changes in accounting estimates, and restatement

1)	Changes in accounting policies due to revisions to accounting standards and other regulations:	No
2)	Change in accounting policies other than item 1) above:	No
3)	Changes in accounting estimates:	No
4)	Restatement of prior period financial statements:	No

(3)Number of issued shares (common shares)

1) Total number of issued shares at the end of the period (including treasury shares)

As of February 28, 2022	44,392,680 shares
As of February 29, 2021	44,392,680 shares

• 2) Number of treasury shares at the end of the period

  As of February 28, 2022	6,012,874 shares
  As of February 29, 2021	6,041,555 shares

• 3) Average number of shares outstanding during the period

Year ended February 28, 2022	38,372,981 shares
Year ended February 28, 2021	38,345,656 shares

(Reference) Summary of non-consolidated financial results

1. Non-consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)

(1) Non-consolidated operating results

(Percentages indicate year-on-year changes.)

Net sales	Operating profit	Ordinary profit	Profit
Year ended February 28, 2022 Year ended February 28, 2021	Millions of yen 132,204 129,917	% 1.8 (5.9)	Millions of yen 2,360 (18)	% － －	Millions of yen 5,129 297	% － －	Millions of yen 826 (3,043)	% － －

Basic earnings per share	Diluted earnings per share
Year ended February 28, 2022 Year ended February 28, 2021	Yen 21.53 (79.36)	Yen 21.45 －

(2) Non-consolidated financial position

Total assets	Net assets	Equity-to-asset ratio	Net assets per share
As of February 28, 2022 As of February 28, 2021	Millions of yen 73,975 75,035	Millions of yen 47,795 49,242	% 64.3 65.3	Yen 1,240.03 1,278.16

Reference:	Equity
As of February 28, 2022:	47,591 million yen
As of February 28, 2021:	49,018 million yen

* Summary of consolidated financial results is not subject to the audit procedure performed by a Certified Public Accountant or audit firm.

*Explanation of appropriate use of financial results forecasts and other special notes

• • Any statement on the future such as an outlook for financial results included in this material is based on information the Company presently has and certain assumptions the Company considers reasonable, and the Company does not promise such will be achieved. In addition, actual financial results may significantly differ due to various factors. For assumptions for financial results forecasts and points to consider in utilizing them, please see "1. Overview of operating results, etc., (1) Overview of operating results during the period under review, 2) Outlook for the next period" on P.5of the attachments.

* Method to obtain supplementary materials on financial results

• • Supplementary materials on financial results will be posted on the IR Library section of the Company's website on April 15, 2022 (Friday).

Plenus Co., Ltd. (9945) Consolidated Financial Results for the Fiscal Year Ended February 28, 2022

• ○ Table of Contents for Attachments

• 1. Overview of Operating Results, etc ................................................................................................................................................... 2

  (1) Overview of operating results during the period under review .................................................................................................. 2

  (2) Overview of financial position for the period under review ...................................................................................................... 7

  (3) Basic policy for appropriation of profits and dividends for the period under review and next period ....................................... 9

• 2. Basic Approach towards Selection of Accounting Standard .............................................................................................................. 9

• 3. Consolidated Financial Statements and Key Notes ......................................................................................................................... 10

  • (1) Consolidated balance sheets .................................................................................................................................................... 10

  • (2) Consolidated statements of income and consolidated statements of comprehensive income .................................................. 12

    Consolidated statements of income .......................................................................................................................................... 12

    Consolidated statements of comprehensive income ................................................................................................................. 13

  • (3) Consolidated statements of changes in equity ......................................................................................................................... 14

  • (4) Consolidated statements of cash flows .................................................................................................................................... 16

  • (5) Notes to consolidated financial statements .............................................................................................................................. 18

    (Notes regarding the going concern assumptions) .................................................................................................................... 18

    (Changes in presentation method) ............................................................................................................................................ 18

    (Segment information) .............................................................................................................................................................. 18

    (Per-share information) ............................................................................................................................................................. 21

    (Important subsequent events) .................................................................................................................................................. 22

- 1 -