TORIDOLL : Summary of Consolidated Financial Results For the Six Months ended September 30, 2021(IFRS)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results For the Six Months ended September 30, 2021 (IFRS)

November 12, 2021

Company name: TORIDOLL Holdings Corporation

Stock exchange listing: Tokyo Stock Exchange

Stock code: 3397

URL: https://www.toridoll.com

Representative: Takaya Awata, President, Representative Director

Inquiries: Satoshi Yamaguchi, Head of Finance Division and Finance Department

TEL: [phone]

Date of release of quarterly securities report: November 12, 2021

Starting date of dividend payments: -

Preparation of explanatory materials on quarterly financial results: Yes

Information meetings arranged related to quarterly financial results: Yes（for institutional investors, analysts, and financial institutions, in Japanese）

(Amounts are rounded to the nearest million)

1. Consolidated Financial Results for the Six Months Ended September 30, 2021

(1) Consolidated Operating Results

(% figures denote year-on-year change)

Total trading

Business profit

Operating profit

Profit before tax

Profit for the

transactions

period

Millions

%

Millions

%

Millions

%

Millions

%

Millions

%

of yen

of yen

of yen

of yen

of yen

Six months ended

76,642

20.7

3,988

―

8,208

―

7,718

―

5,378

―

September 30, 2021

Six months ended

63,473

(20.7)

(3,551)

―

(2,707)

―

(3,505)

―

(2,073)

―

September 30, 2020

Profit for the period

Comprehensive income

Earnings per share

Earnings per share

attributable to owners

attributable to owners

attributable to owners of

for the period

of the parent

of the parent (basic)

the parent (diluted)

Millions of

%

Millions of

%

Yen

Yen

yen

yen

Six months ended

5,404

―

6,178

―

60.28

59.82

September 30, 2021

Six months ended

(2,094)

―

(3,283)

―

(26.52)

(26.52)

September 30, 2020

(Reference) EBITDA (*)

Six months ended September 30, 2021: ¥ 13,915million (increased 144.7% year-on-year basis)

Six months ended September 30, 2020: ¥ 5,688 million

Adjusted EBITDA

Six months ended September 30, 2021: ¥ 14,501 million (increased 111.9% year-on-year basis)

Six months ended September 30, 2020: ¥ 6,843 million

(*) The Company discloses EBITDA as comparative information.

EBITDA = Operating Profit + Other Operating Expenses - Other Operating Income + Depreciation + Amortization

Adjusted EBITDA = EBITDA + Impairment Loss + Extraordinary Expenses

(2) Consolidated Financial Position
				Equity	Equity	Equity per
				share
				attributable to	attributable to
		Total assets	Total equity	attributable to
		owners of	owners of
				owners of
				parent	parent ratio
				parent
		Millions of yen	Millions of yen	Millions of yen	%	Yen
	As of September 30, 2021	209,830	45,966	45,447	21.7	524.40
	As of March 31, 2021	209,411	39,940	39,461	18.8	456.92

2. Dividends

Annual dividend per share

Q1

Q2

Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal Year ended March 31, 2021

―

0.00

―

4.50

4.50

Fiscal Year ended March 31, 2022

―

0.00

Fiscal Year ending March 31, 2022

―

―

―

(Forecast)

3. Consolidated Financial Result Forecasts for the Fiscal Year Ending March 31, 2022

Percentages indicate year-on-year changes

Total trading

Business profit

Operating profit

Profit before tax

Profit for the

transactions

period

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Fiscal year

155,000

15.0

6,400

―

6,800

―

5,700

―

3,100

―

Profit for the period

Earnings per share

attributable to owners of

attributable to owners

the parent

of the parent (basic)

Millions of yen

%

Yen

Fiscal year

2,700

―

26.78

• Notes

1. Changes in significant subsidiaries during the period
   (changes in specified subsidiaries resulting in the change in scope consolidation): No
   New: －
   Excluded: －
2. Changes in accounting policies and accounting estimates
3. 1. Changes in accounting policies as required by IFRS: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No

(3) Number of shares outstanding (ordinary shares)

1) Total number of issued shares at the end of the period (including treasury shares)

	As of September 30, 2021	87,515,552 shares
	As of March 31, 2021	87,221,952 shares
2) Number of treasury shares at the end of the period
	As of September 30, 2021	851,372 shares
	As of March 31, 2021	858,344 shares

3) Average number of shares during the period

Six months ended September 30, 2021	86,438,005 shares
Six months ended September 30, 2020	86,247,711 shares

*Summary quarterly financial statements are not subject to quarterly review by a public certified accountant or an auditing firm.

• Appropriate use of financial results forecasts and other notes
  The forward-looking statements in this report are based upon various assumptions, including, without limitation, business forecasts, management's estimates, assumptions, and projections at the time of publication. These statements do not represent a promise or commitment by the Company to achieve these forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors.

Method of obtaining supplementary results materials

The company plans to hold financial results meeting online for institutional investors, analysts, and financial institutions on November 15, 2021. Presentation materials will be posted on its website.

Condensed Quarterly Consolidated Financial Statements

Condensed Quarterly Consolidated Statements of Financial Position

			(Millions of yen)
		As of March 31, 2021	As of September 30, 2021
Assets
Current assets
Cash and cash equivalents	24,969	29,972
Trade and other receivables	5,497	4,618
Inventories	718	439
Other current assets	1,638	2,030
Total current assets	32,823	37,059
Non-current assets
Property, plant and equipment	31,955	31,707
Right-of-use assets	78,110	75,968
Intangible assets and goodwill	40,258	40,165
Investments accounted for using the equity method	3,684	3,883
Other financial assets	13,706	12,977
Deferred tax assets	7,778	7,035
Other non-current assets	1,096	1,036
Total non-current assets	176,588	172,771
Total assets	209,411	209,830

- 1 -

			(Millions of yen)
		As of March 31, 2021	As of September 30, 2021
Liabilities
Current liabilities
Trade and other payables	12,232	9,507
Short-term loans payable	7,022	4,023
Current portion of long-term loans payable	13,295	12,517
Lease liabilities	14,429	14,235
Income taxes payable	1,215	1,593
Provisions	970	847
Other current liabilities	5,249	4,639
Total current liabilities	54,412	47,361
Non-current liabilities
Long-term loans payable	41,974	45,971
Lease liabilities	66,605	63,791
Provisions	4,002	4,169
Deferred tax liabilities	1,383	1,462
Other non-current liabilities	1,096	1,110
Total non-current liabilities	115,059	116,503
Total liabilities	169,471	163,864
Equity
Equity attributable to owners of the parent
Capital stock	4,208	4,401
Capital surplus	2,348	2,612
Other equity instruments	10,847	10,847
Retained earnings	23,131	27,903
Treasury shares	(1,026)	(1,023)
Other components of equity	(46)	707
Total equity attributable to owners of the parent	39,461	45,447
Non-controlling interests	478	519
Total equity	39,940	45,966
Total liabilities and equity
209,411	209,830

- 2 -