Restar : (Corrections / Corrections of Numerical Data) Consolidated Financial Summary

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.

	May 12, 2023
Company Name:	Restar Holdings Corporation
	(Code: 3156 Tokyo Stock
	Exchange Prime Market)
Name of Representative:	Tomoharu Asaka,
Representative Director
Contact Information:	Atsuki Ishida,
Corporate Officer
	(Tel.: [phone])

(Corrections / Corrections of Numerical Data) Partial Corrections to "Consolidated Financial Results

for the Six Months Ended September 30, 2022 [Japanese GAAP]"

The Company hereby announces that there have been partial corrections made to the content of "Consolidated Financial Results for the Six Months Ended September 30, 2022 [Japanese GAAP]" announced on November 10, 2022, as follows. In addition, since there are also corrections to numerical data, the corrected numerical data will also be sent.

Furthermore, the corrected parts are underlined.

1.Reason for Corrections

After the filing of the "Consolidated Financial Results for the Six Months Ended September 30, 2022 [Japanese GAAP]," it was discovered that there were errors in "retained earnings" and "foreign currency translation adjustment" on the consolidated balance sheets and "comprehensive income" on the statements of comprehensive income, due to errors in the processing of consolidation eliminations. Accordingly, these errors will be corrected.

Furthermore, please also refer to the information separately disclosed in "Partial Corrections to 'Consolidated Financial Results for the Nine Months Ended December 31, 2022 [Japanese GAAP],'" concerning the third quarter of the fiscal year ended March 31, 2023.

2. Correction details Correction１

1.Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 1, 2022 to September 30, 2022) (before)

(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit		Ordinary profit		Profit attributable to
						owners of parent
Six months ended		Million yen		%	Million yen	%		Million yen			%		Million yen	%
September 30, 2022		239,795		24.5	8,450	147.3		8,479		161.7		4,632	17.1
September 30, 2021		192,616		30.7	3,417	13.5		3,240		17.5		3,956	99.4
(Note) Comprehensive income:	Six months ended September 30, 2022:	¥	2,797	million	[	(17.9)	%]
		Six months ended September 30, 2021:	¥	3,407	million	[	48.4	%]
（after）
(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit		Ordinary profit		Profit attributable to
						owners of parent
Six months ended		Million yen		%	Million yen	%		Million yen			%		Million yen	%
September 30, 2022		239,795		24.5	8,450	147.3		8,479		161.7		4,632	17.1
September 30, 2021		192,616		30.7	3,417	13.5		3,240		17.5		3,956	99.4
(Note) Comprehensive income:	Six months ended September 30, 2022:	¥	3,839	million	[	(12.7)	%]
		Six months ended September 30, 2021:	¥	3,407	million	[	48.4	%]

Correction２

1.Qualitative Information on Quarterly Financial Results

1. Analysis of Financial Position

1. Assets, Liabilities and Net Assets

（before）

Total assets at the end of the first half of the fiscal under review increased by ¥37,083 million from the end of the previous fiscal year to ¥279,042 million. This was mainly due to a decrease of ¥4,921 million in cash and deposits, an increase of ¥18,519 million in accounts receivable - trade, and an increase of ¥18, 574million in merchandise and finished goods.

Liabilities increased by ¥35,463 million from the end of the previous fiscal year to ¥195,765 million. This was mainly due to an increase of ¥7,752 million in notes and accounts payable - trade and an increase of ¥19,434 million in short-term borrowings.

Net assets increased by ¥1,619 million from the end of the previous fiscal year to ¥83,277 million. This was mainly due to profit attributable to owners of parent of ¥4,632 million, dividends from retained earnings of ¥1,653 million, a decrease of ¥274 million in capital surplus, and a decrease of ¥2,270million in foreign currency translation adjustment.

（after）

Total assets at the end of the first half of the fiscal under review increased by ¥37,083 million from the end of the previous fiscal year to ¥279,042 million. This was mainly due to a decrease of ¥4,921 million in cash and deposits, an increase of ¥18,519 million in accounts receivable - trade, and an increase of ¥18, 574million in merchandise and finished goods.

Liabilities increased by ¥35,463 million from the end of the previous fiscal year to ¥195,765 million. This was mainly due to an increase of ¥7,752 million in notes and accounts payable - trade and an increase of ¥19,434 million in short-term borrowings.

Net assets increased by ¥1,619 million from the end of the previous fiscal year to ¥83,277 million. This was mainly due to profit attributable to owners of parent of ¥4,632 million, dividends from retained earnings of ¥1,653 million, a decrease of ¥274 million in capital surplus, and a decrease of ¥1,228million in foreign currency translation adjustment.

―2―

Correction 3

2.Quarterly Consolidated Financial Statements and Notes (1)Quarterly Consolidated Balance Sheets

（before）

					(Million yen)
				As of March 31,2022	As of September 30,2022
Net assets
	Shareholders' equity
		Share capital	4,383	4,383
		Capital surplus		36,651	36,377
		Retained earnings	33,747	37,767
		Treasury shares		(8)	(8)
		Total shareholders' equity	74,773	78,519
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	371	295
		securities
		Deferred gains or losses on hedges		192	279
		Foreign currency translation adjustment	2,278	8
		Remeasurements of defined benefit plans		(30)	(27)
		Total accumulated other comprehensive income	2,812	556
	Share acquisition rights		65	91
	Non-controlling interests		4,005	4,108
	Total net assets		81,657	83,277
Total liabilities and net assets	241,958	279,042

（after）

Net assets
	Shareholders' equity
		Share capital	4,383	4,383
		Capital surplus	36,651	36,377
		Retained earnings	33,747	36,725
		Treasury shares	(8)	(8)
		Total shareholders' equity	74,773	77,478
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	371	295
		securities
		Deferred gains or losses on hedges	192	279
		Foreign currency translation adjustment	2,278	1,050
		Remeasurements of defined benefit plans	(30)	(27)
		Total accumulated other comprehensive income	2,812	1,598
	Share acquisition rights	65	91
	Non-controlling interests	4,005	4,108
	Total net assets	81,657	83,277
Total liabilities and net assets	241,958	279,042

―3―

Correction４

(2)Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Comprehensive Income (For the six months)

(before)

		(Million yen)
	For the six months	For the six months
	ended September 30,2021	ended September 30,2022
Profit	3,897	4,803
Other comprehensive income

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans, net of tax

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

Comprehensive income attributable to non-controlling interests

(185)	(76)
10	82
(316)	(2,014)
1	2
(490)	(2,005)
3,407	2,797
3,461	2,376
(53)	421

（after）

		(Million yen)
	For the six months	For the six months
	ended September 30,2021	ended September 30,2022
Profit	3,897	4,803
Other comprehensive income

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans, net of tax

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

Comprehensive income attributable to non-controlling interests

(185)	(76)
10	82
(316)	(972)
1	2
(490)	(963)
3,407	3,839
3,461	3,417
(53)	421

―4―