Restar : (Corrections / Corrections of Numerical Data) Partial Corrections to “Consolidated Financial Results for the Nine Months Ended September 30, 2022 ”

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 Nine 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 Nine Months Ended September 30, 2023 [Japanese GAAP]" announced on February 9, 2023, 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

As separately disclosed in "Partial Corrections to 'Consolidated Financial Results for the Six Months Ended September 30, 2022 [Japanese GAAP],'" there were errors in the processing of the second quarter. Accordingly, this information will also be corrected in the "Consolidated Financial Results for the Nine Months Ended December 31, 2022 [Japanese GAAP]."

2 Correction details Correction１

1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 to December 31, 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
Nine months ended		Million yen		%	Million yen	%		Million yen		%	Million yen	%
December 31, 2022		367,930		24.2	12,976	114.0		10,652		93.0	5,893	8.8
December 31, 2021		296,260		26.2	6,062	24.1		5,520		27.0	5,416	(25.5)
(Note) Comprehensive income:	Nine months ended December 31, 2022:	¥	4,908million	[	(6.8) %]
		Nine months ended December 31, 2021:	¥	5,265 million	[	(35.1) %]
（after）
(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit		Ordinary profit	Profit attributable to
				owners of parent
Nine months ended		Million yen		%	Million yen	%		Million yen		%	Million yen	%
December 31, 2022		367,930		24.2	12,976	114.0		10,652		93.0	5,893	8.8
December 31, 2021		296,260		26.2	6,062	24.1		5,520		27.0	5,416	(25.5)
(Note) Comprehensive income:	Nine months ended December 31, 2022:	¥	5,949million	[	(13.0) %]
		Nine months ended December 31, 2021:	¥	5,265 million	[	(35.1) %]

Correction２

1.Qualitative Information on Quarterly Financial Results

1. Explanation of Financial Position （before）

Total assets at the end of the third quarter of the fiscal under review increased by ¥42,585 million from the end of the previous fiscal year to ¥284,543 million. This was mainly due to a decrease of ¥3,372 million in cash and deposits, an increase of ¥4,837 million in accounts receivable - trade, an increase of ¥4,153 million in electronically recorded monetary claims - operating, and an increase of ¥24,994 million in merchandise and finished goods.

Liabilities increased by ¥40,024 million from the end of the previous fiscal year to ¥200,326 million. This was mainly due to an increase of ¥5,031 million in notes and accounts payable - trade and an increase of ¥23,206 million in short-term borrowings.

Net assets increased by ¥2,560 million from the end of the previous fiscal year to ¥84,217 million. This was mainly due to profit attributable to owners of parent of ¥5,893 million, dividends from retained earnings of ¥2,856 million, a decrease of ¥425 million in capital surplus, and a decrease of ¥1,719million in foreign currency translation adjustment.

（after）

Total assets at the end of the third quarter of the fiscal under review increased by ¥42,585 million from the end of the previous fiscal year to ¥284,543 million. This was mainly due to a decrease of ¥3,372 million in cash and deposits, an increase of ¥4,837 million in accounts receivable - trade, an increase of ¥4,153 million in electronically recorded monetary claims - operating, and an increase of ¥24,994 million in merchandise and finished goods.

Liabilities increased by ¥40,024 million from the end of the previous fiscal year to ¥200,326 million. This was mainly due to an increase of ¥5,031 million in notes and accounts payable - trade and an increase of ¥23,206 million in short-term borrowings.

Net assets increased by ¥2,560 million from the end of the previous fiscal year to ¥84,217 million. This was mainly due to profit attributable to owners of parent of ¥5,893 million, dividends from retained earnings of ¥2,856 million, a decrease of ¥425 million in capital surplus, and a decrease of ¥678million 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 December 31,2022
Net assets
	Shareholders' equity
		Share capital	4,383	4,383
		Capital surplus	36,651	36,225
		Retained earnings	33,747	37,825
		Treasury shares	(8)	(8)
		Total shareholders' equity	74,773	78,426
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	371	653
		securities
		Deferred gains or losses on hedges	192	120
		Foreign currency translation adjustment	2,278	558
		Remeasurements of defined benefit plans	(30)	(0)
		Total accumulated other comprehensive income	2,812	1,331
	Share acquisition rights	65	110
	Non-controlling interests	4,005	4,348
	Total net assets	81,657	84,217
Total liabilities and net assets	241,958	284,543

（after）

					(Million yen)
				As of March 31,2022	As of December 31,2022
Net assets
	Shareholders' equity
		Share capital	4,383	4,383
		Capital surplus	36,651	36,225
		Retained earnings	33,747	36,784
		Treasury shares	(8)	(8)
		Total shareholders' equity	74,773	77,384
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	371	653
		securities
		Deferred gains or losses on hedges	192	120
		Foreign currency translation adjustment	2,278	1,600
		Remeasurements of defined benefit plans	(30)	(0)
		Total accumulated other comprehensive income	2,812	2,373
	Share acquisition rights	65	110
	Non-controlling interests	4,005	4,348
	Total net assets	81,657	84,217
Total liabilities and net assets	241,958	284,543

―3―

Correction４

1. Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Comprehensive Income (For the nine months)

(before)

		(Million yen)
	For the nine months	For the nine months
	ended December 31,2021	ended December 31,2022
Profit	5,412	6,284
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

(219)	281
78	(83)
(12)	(1,609)
6	35
(146)	(1,375)
5,265	4,908
5,148	4,412
116	495

（after）

		(Million yen)
	For the nine months	For the nine months
	ended December 31,2021	ended December 31,2022
Profit	5,412	6,284
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

(219)	281
78	(83)
(12)	(567)
6	35
(146)	(334)
5,265	5,949
5,148	5,454
116	495

―4―