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

Consolidated Financial Results

for the Nine Months Ended December 31, 2021

[Japanese GAAP]

January 31, 2022

Company name: Ryoden Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 8084

URL: https://www.ryoden.co.jp/

Representative: Nobuo Shogaki, President & CEO

Contact: Hirozou Tomomori, General Manager, General Affairs Department

Phone: [phone]

Scheduled date of filing quarterly securities report: February 14, 2022

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session: 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 to December 31, 2021)

(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	%
	166,006	17.7		4,605	148.2		4,754	132.5	3,225	108.8
December 31, 2021
Nine months ended		141,037	(17.0)		1,855	(49.4)		2,045	(46.0)	1,544	(41.1)
December 31, 2020
(Note) Comprehensive income: Nine months ended December 31, 2021: ¥4,045 million [107.4%]
			Nine months ended December 31, 2020: ¥1,950 million [(32.2)%]
		Profit per share		Diluted profit per
				share
Nine months ended				Yen				Yen
			148.23				147.40
December 31, 2021
Nine months ended				71.05				70.68
December 31, 2020
(2) Consolidated Financial Position
			Total assets		Net assets	Equity ratio		Net assets per share
				Million yen			Million yen		%			Yen
As of December 31, 2021		137,441			72,791		52.8			3,336.51
As of March 31, 2021			125,529			69,919		55.6			3,208.01

(Reference) Equity: As of December 31, 2021: ¥72,612 million As of March 31, 2021: ¥69,759 million

2. Dividends

			Annual dividends
	1st	2nd	3rd	Year-end		Total
	quarter-end	quarter-end	quarter-end
Fiscal year ended	Yen	Yen	Yen	Yen		Yen
―	28.00	―	28.00	56.00
March 31, 2021
Fiscal year ending	―	28.00	―
March 31, 2022

Fiscal year ending

March 31, 202230.0058.00 (Forecast)

Note: Revision from the most recently announced dividend forecast: Yes

1. Please refer to the "Notice Regarding Revision of Full-Year Consolidated Financial Results Forecast and Dividend Forecast" announced today (Japanese only) for the revision of dividend forecast.
2. Breakdown of year-end dividends for the fiscal year ending March 31, 2022 (forecast) Ordinary dividend: ¥28.00
   Commemorative dividend: ¥2.00 (dividend to commemorate the Company's 75th anniversary)
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Profit per share
		to owners of parent
Full year	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
227,000	15.3	6,000	75.6	6,000	64.2	4,200	79.2	193.04

Note: Revision from the most recently announced financial results forecast: Yes

Please refer to the "Notice Regarding Revision of Full-Year Consolidated Financial Results Forecast and Dividend Forecast" announced today (Japanese only) for the revision of consolidated financial results forecast.

* Notes:

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
5. Total number of issued shares (common stock)
6. 1. Total number of issued shares at the end of the period (including treasury stock):

December 31, 2021: 22,824,977 shares

March 31, 2021: 22,824,977 shares

1. Total number of treasury stock at the end of the period: December 31, 2021: 1,061,861 shares
   March 31, 2021: 1,079,636 shares
2. Average number of shares during the period:

Nine months ended December 31, 2021: 21,757,232 shares

Nine months ended December 31, 2020: 21,736,830 shares

• These quarterly financial results are outside the scope of quarterly review procedures by certified public accountant or audit firm.
• Explanation of the proper use of financial results forecast and other notes

The statements concerning future performance presented in this document are prepared based on currently available information and certain preconditions which the Company believes to be reasonable at this time. Actual results may be different from any projections presented herein due to various factors.

(1) Consolidated Balance Sheets

			(Million yen)
		As of March 31, 2021	As of December 31, 2021
Assets
Current assets
Cash and deposits	21,129	15,992
Notes and accounts receivable - trade	48,050	―
Notes and accounts receivable - trade, and contract	―	47,526
assets
	23,538
Electronically recorded monetary claims - operating	19,823
Securities	―	149
Merchandise and finished goods	19,285	28,633
Other	3,062	6,882
Allowance for doubtful accounts	(18)	(26)
Total current assets	111,332	122,697
Non-current assets
Property, plant and equipment	3,881	3,807
Intangible assets	724	807
Investments and other assets
Other	9,819	10,484
Allowance for doubtful accounts	(228)	(355)
Total investments and other assets	9,591	10,129
Total non-current assets	14,197	14,743
Total assets		125,529	137,441

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			(Million yen)
		As of March 31, 2021	As of December 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade	33,706	37,302
Electronically recorded obligations - operating	12,625	17,751
Short-term borrowings	407	333
Income taxes payable	212	1,010
Other	4,001	3,957
Total current liabilities	50,954	60,355
Non-current liabilities
Retirement benefit liability	3,609	3,443
Other	1,046	851
Total non-current liabilities	4,655	4,294
Total liabilities	55,609	64,649
Net assets
Shareholders' equity
Share capital	10,334	10,334
Capital surplus	7,437	7,449
Retained earnings	51,671	53,679
Treasury shares	(813)	(800)
Total shareholders' equity	68,629	70,662
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,633	1,838
Foreign currency translation adjustment	69	628
Remeasurements of defined benefit plans	(573)	(516)
Total accumulated other comprehensive income	1,129	1,949
Share acquisition rights	160	178
Total net assets	69,919	72,791
Total liabilities and net assets		125,529	137,441

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