Consolidated Financial Results for Six Months Ended September 30, 2021(Japanese Accounting Standard)

This documentation is an English translation of a statement written originally in Japanese. The Japanese original

should be considered as the primary version.

Consolidated Financial Results for Six Months Ended September 30, 2021

(Japanese Accounting Standard)

	November 9, 2021
Name of Listed Company: Starzen Co., Ltd.	Listing: Tokyo Stock Exchange
Securities code: 8043	URL: https://www.starzen.co.jp/en/

Representative: Kazuhiko Yokota, Representative Director, President & CEO

Contact: Ryuso Sadanobu, Director, General Manager of Finance and Group Controller Div. Tel: [phone]

Scheduled filing date of Securities Report: November 15, 2021	Scheduled date of start of dividend payment: ―
Supplementary materials for the financial results: Yes
Investor conference for the financial results: Yes (For Analysts)
	(Amounts of less than million yen are omitted.)

1. Consolidated First-Half Results for Fiscal Year Ending March 31, 2022 (April 1 to September 30, 2021)

(1) Consolidated Operating Results			(Figures in percentages denote the year-on-year change)
	Net sales		Operating income	Ordinary income	Profit attributable to
		owners of parent
Six months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
184,615		7.9	3,431	34.8	4,604	26.7	3,216	0.7
September 30, 2021
Six months ended	171,146		-0.8	2,544	97.1	3,635	73.0	3,195	127.3
September 30, 2020
(Note) Comprehensive income:	Six months	ended September 30, 2021: 3,126 million yen (-15.2%)
	Six months ended September 30, 2020: 3,687 million yen (+186.9%)
	Earnings per share	Diluted earnings per share
Six months ended			Yen			Yen
		165.25			－
September 30, 2021:
Six months ended			163.84			－
September 30, 2020
(Notes)

1. The Company split its stock two for one effective April 1, 2021. Earnings per share were calculated as if the stock split had occurred on April 1, 2020.
2. The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 revised March 31, 2020) effective from the beginning of the first quarter of the fiscal year ending March 31, 2022. Said standard has been applied to financial statement data contained herein for the six months ended September 30, 2021.

(2) Consolidated Financial Position

	Total assets	Net assets	Net worth*/total assets
	Million yen	Million yen	%
As of September 30, 2021	142,126	60,940	42.9
As of March 31, 2021	131,726	59,125	44.9

(Reference) Net worth*: As of September 30, 2021: 60,938 million yen As of March 31, 2021: 59,122 million yen

* Net worth consists of shareholders' equity and accumulated other comprehensive income

(Note)The Company applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29 revised March 31, 2020) effective from the beginning of the first quarter of the fiscal year ending March 31, 2022. Said standard has been applied to financial statement data contained herein for the six months ended September 30, 2021.

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2. Dividend Payments

			Dividends per share
	First quarter	Second quarter	Third quarter	Year-end	Annual
	Yen	Yen	Yen	Yen	Yen
As of March 31, 2021	－	－	－	130.00	130.00
As of March 31, 2022	－	－
As of March 31, 2022			－	65.00	65.00
(Forecast)
(Notes)
1. Forecast is unchanged from most recent DPS forecast previously disclosed.

1. The Company split its stock two for one effective April 1, 2021. The annual dividends per share for the year ended March 31, 2021, are dividends per pre-split share; the (forecasted) annual dividend per share for the year ending March 31, 2022, is a dividend per post-split share.
2. Consolidated Financial Forecast (From April 1, 2021 to March 31, 2022)

(Figures in percentages denote the year-on-year change.)

	Net sales		Operating income	Ordinary income	Profit attributable to	Earnings per
		owners of parent	share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	360,000		3.1	5,000	-25.2	6,500	-24.5	4,500	-35.0	231.12

(Notes)

1. Forecast is unchanged from most recent financial forecast previously disclosed.
2. The Company split its stock two for one effective April 1, 2021. Forecasted earnings per share factor in the stock split.

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Notes:

(1) Significant changes of subsidiaries in six months ended September 30, 2021 (changes in specific subsidiaries

accompanied by a change in the scope of consolidation):None

Newly consolidated: ― companies (company name(s)); Deconsolidated: ― companies (company name(s))

1. Application of accounting treatments specific to preparation of quarterly consolidated financial statements: Not applicable
2. Changes in accounting policies, changes of accounting estimates and restatement

(i) Changes in accounting policies due to amendments to accounting standards:	Yes
(ii) Other changes in accounting policies:	None
(iii) Changes in accounting estimates:	None
(iv) Restatements:	None

1. Numbers of issued shares (common stock)
2. 1. Issued shares (including treasury shares) at period-end:
   2. Treasury shares at period-end:
   3. Average issued shares during period:

Six months ended	19,522,552 shares	Fiscal year ended	19,522,552 shares
September 30, 2021	March 31, 2021
Six months ended	46,564 shares	Fiscal year ended	19,414 shares
September 30, 2021	March 31, 2021
Six months ended	19,463,989 shares	Six months ended	19,502,216 shares
September 30, 2021	September 30, 2020

(Note)The Company split its stock two for one effective April 1, 2021. Issued shares (including treasury shares) at period-end, treasury shares at period-end and average issued shares during period were calculated as if the stock split had occurred on April 1, 2020.

(Notes) This financial summaries is not subject to a quarterly review by certified public accountants or audit firms. Explanation about the proper use of financial forecasts and other special notes

(Notes concerning forward-looking statements, etc.)

Forward-looking statements or projections made in these materials, including financial forecasts, are based on information currently available to the Company and certain assumptions judged to be reasonable by management. Actual results may differ materially from these forecasts due to various factors.

(How to obtain content of financial results briefing)

The Company plans to hold a financial results briefing for analysts on Friday, November 26, 2021, and promptly thereafter publish the webcast's presentation materials on its website (in Japanese only).

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