Ryoden : Consolidated Financial Results for the Three Months Ended June 30, 2022

Consolidated Financial Results

for the Three Months Ended June 30, 2022

[Japanese GAAP]

July 29, 2022

Company name: Ryoden Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 8084

URL: https://www.ryoden.co.jp/ Representative:Katsuyuki Tomizawa, President & CEO

Contact: Hirozou Tomomori, General Manager, General Affairs Department

Phone: [phone]

Scheduled date of filing quarterly securities report: August 9, 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 Three Months Ended June 30, 2022 (April 1, 2022 to June 30, 2022)

(1) Consolidated Operating Results					(% indicates changes from the previous corresponding period.)
				Net sales				Operating profit			Ordinary profit		Profit attributable to
										owners of parent
	Three months ended		Million yen	%			Million yen	%			Million yen	%		Million yen	%
		60,079	13.7			1,883	64.7			2,012	54.8	1,323	58.1
	June 30, 2022
	Three months ended		52,841	13.6			1,143	99.4			1,299	94.0	836	93.5
	June 30, 2021
(Note) Comprehensive income: Three months ended June 30, 2022: ¥1,870 million [25.1%]
				Three months ended June 30, 2021: ¥1,494 million [211.2%]
			Profit per share			Diluted profit per
					share
	Three months ended				Yen				Yen
				60.81					60.43
	June 30, 2022
	Three months ended				38.49					38.29
	June 30, 2021
(2) Consolidated Financial Position
				Total assets		Net assets	Equity ratio		Net assets per share
					Million yen			Million yen		%			Yen
	As of June 30, 2022			140,932			75,991		53.8			3,481.64
	As of March 31, 2022			140,970			74,766		52.9			3,427.24

(Reference) Equity: As of June 30, 2022: ¥75,771 million As of March 31, 2022: ¥74,587 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	―	30.00	58.00
March 31, 2022
Fiscal year ending	―
March 31, 2023
Fiscal year ending
March 31, 2023		29.00	―	29.00	58.00
(Forecast)

(Notes) Revision from the most recently announced dividend forecast: No Breakdown of year-end dividends for the fiscal year ended March 31, 2022

Ordinary dividend: ¥28.00

Commemorative dividend: ¥2.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Profit per share
		to owners of parent
First half	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
117,000	9.0	3,000	8.2	3,100	9.4	2,150	13.7	98.79
Full year	240,000	4.7	7,100	0.5	7,300	0.2	5,100	1.9	234.34

(Note) Revision from the most recently announced financial results forecast: No

* 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)

1. Total number of issued shares at the end of the period (including treasury stock): June 30, 2022: 22,824,977 shares
   March 31, 2022: 22,824,977 shares
2. Total number of treasury stock at the end of the period:

June 30, 2022: 1,061,811 shares

March 31, 2022: 1,061,811 shares

3) Average number of shares during the period:

Three months ended June 30, 2022: 21,763,166 shares

Three months ended June 30, 2021: 21,745,316 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, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	11,587	10,190
Notes and accounts receivable - trade, and contract
assets	51,474	48,357
Electronically recorded monetary claims - operating	21,992	23,833
Securities	52	355
Merchandise and finished goods	32,850	34,733
Other	8,163	7,920
Allowance for doubtful accounts	(27)	(26)
Total current assets	126,093	125,363
Non-current assets
Property, plant and equipment	3,764	5,503
Intangible assets	806	907
Investments and other assets
Other	10,588	9,447
Allowance for doubtful accounts	(281)	(294)
Total investments and other assets	10,306	9,152
Total non-current assets	14,877	15,564
Deferred assets	―	5
Total assets		140,970	140,932

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			(Million yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	40,117	38,656
Electronically recorded obligations - operating	14,776	14,575
Short-term borrowings	822	1,269
Income taxes payable	1,633	783
Other	5,235	4,335
Total current liabilities	62,585	59,620
Non-current liabilities
Long-term borrowings	―	1,800
Retirement benefit liability	2,818	2,731
Other	800	789
Total non-current liabilities	3,618	5,321
Total liabilities	66,204	64,941
Net assets
Shareholders' equity
Share capital	10,334	10,334
Capital surplus	7,449	7,449
Retained earnings	55,458	56,084
Treasury shares	(800)	(800)
Total shareholders' equity	72,442	73,068
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,652	1,581
Foreign currency translation adjustment	850	1,454
Remeasurements of defined benefit plans	(357)	(333)
Total accumulated other comprehensive income	2,145	2,702
Share acquisition rights	178	243
Non-controlling interests	―	(23)
Total net assets	74,766	75,991
Total liabilities and net assets		140,970	140,932

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