TSUKADA GLOBAL : 〔Delayed〕Tsukada Global Holdings Inc. Consolidated Earnings Report for the Nine Months ended September 30, 2020 (Japanese GAAP)

〔Delayed〕 The original disclosure in Japanese was released on November 6, 2020 at 15:00 (GMT+9)

November 6, 2020

Tsukada Global Holdings Inc.

Consolidated Earnings Report for the Nine Months ended September 30, 2020 (Japanese GAAP)

Stock listing: Tokyo Stock Exchange (First Section)	Securities code: 2418
URL: https://www.tsukada-global.holdings/en/
Representative: Masayuki Tsukada, President and CEO
Information contact: Masahiro Yamazaki, Manager, Finance &
Accounting Department	Tel: [phone]
Scheduled dates:
Filing of statutory quarterly financial report (shihanki hokokusho):	November 13, 2020
Dividend payout:	-
Supplementary materials to quarterly financial results available:	No
Quarterly earnings presentation held:	No

(Amounts rounded down to the nearest million yen)

1. Consolidated Performance for the Nine Months ended September 30, 2020 (January 1, 2020 - September 30, 2020)

(1) Consolidated Operating Results						(Percentages indicate year-on-year changes)
											Profit attributable to
		Net sales				Operating income	Ordinary income		owners of the parent
		million yen	%			million yen	%	million yen	%		million yen	%
	Nine months ended	17,103	(60.9)		(10,879)	-	(10,797)	-		(8,717)	-
	September 30, 2020
	Nine months ended	43,754	3.4		3,494	86.7	3,321	64.8		2,077	70.4
	September 30, 2019
Note: Comprehensive income: Nine months ended September 30, 2020: (8,898) million yen ( - %)
		Nine months ended September 30, 2019: 1,620 million yen (102.1 %)
		Profit				Diluted profit
		per share				per share
		yen				yen
	Nine months ended	(182.76)			-
	September 30, 2020
	Nine months ended		43.55			-
	September 30, 2019
(2) Consolidated Financial Position
		Total assets			Net assets	Equity ratio
		million yen			million yen		%
	September 30, 2020		100,275		28,451		28.2
	December 31, 2019		99,343		37,404		37.7
	Reference: Total equity: September 30, 2020:	28,274 million yen
		December 31, 2019:	37,404 million yen

2. Dividends

				Dividend per share
	End-Q1	End-Q2		End-Q3		Year-end	Annual total
	yen	yen		yen		yen	yen
Year ended	-		5.00		-			5.00		10.00
December 31, 2019
Year ending	-		0.00		-
December 31, 2020
Year ending
December 31, 2020								0.00		0.00
(Forecast)

Note: No revision has been made to the latest dividends forecast.

3. Earnings Forecast for the Fiscal Year ending December 31, 2020 (January 1, 2020 - December 31, 2020)

(Percentages indicate year-on-year changes)

	Net sales		Operating income	Ordinary income	Profit attributable to	Profit
		owners of the parent	per share
	million yen	%	million yen	%	million yen	%	million yen	%	yen
Year ending	-	-	-	-	-	-	-	-	-
December 31, 2020

Note: No revision has been made to the latest earnings forecast.

*Notes

1. Changes in significant subsidiaries during the period: Yes
   (Changes in specific subsidiaries accompanying a change in scope of consolidation)

Newly Consolidated: TGU LLC, HNRB QOZB II, LP

Newly Deconsolidated: None

Note: For details, please refer to "(3) Notes on Quarterly Consolidated Financial Statements (Changes in Significant Subsidiaries for the Nine Months ended September 30, 2020)" under "2. Quarterly Consolidated Financial Statements and Main Notes" on page 8 in the accompanying materials.

1. Use of accounting methods specific to the preparation of quarterly consolidated financial statements: Yes
   Note: For details, please refer to "(3) Notes on Quarterly Consolidated Financial Statements (Application of Specific Accounting Methods for the Preparation of Quarterly Consolidated Financial Statements)" under "2. Quarterly Consolidated Financial Statements and Main Notes" on page 8 in the accompanying materials.
2. Changes in accounting policy, changes in accounting estimates, and retrospective restatement
3. 1. Changes in accordance with amendments to accounting standards, etc.: None
   2. Changes other than noted in 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None

(4) Shares issued (common stock)
		September 30, 2020	December 31, 2019
	1) Number of shares issued at end of period	48,960,000	48,960,000
	(including treasury stock)
	2) Number of shares held in treasury at end of	1,259,834	1,259,834
	period
		Nine Months ended	Nine Months ended
		September 30, 2020	September 30, 2019
	3) Average number of shares outstanding	47,700,166	47,700,166
	during the period

• Quarterly earnings reports are exempt from quarterly review conducted by certified public accountants or by auditing firms.
• Appropriate Use of Earnings Forecast and Other Important Information (Cautionary Statement with Respect to Forward-LookingStatements)
  The above forecasts are based on information available as of this report's publication and on certain assumptions that are deemed reasonable. These forecasts are not guarantees of future performance, and actual results may differ from forecasts due to changes in the business environment. For the assumptions underlying the forecasts herein and other notice on the use of earnings forecasts, please refer to "(3) Earnings Forecast for the Fiscal Year ending December 31, 2020" in the section "1. Review of Consolidated Financial Results" on page 3 in the accompanying materials.

Accompanying Material - Contents
1. Review of Consolidated Financial Results	2
(1) Operating Results	2
(2) Analysis of Financial Condition	3
(3) Earnings Forecast for the Fiscal Year ending December 31, 2020	3
2. Quarterly Consolidated Financial Statements and Main Notes	4
(1) Consolidated Balance Sheets	4
(2) Consolidated Statements of Income and Comprehensive Income	6
Consolidated Statements of Income	6
Consolidated Statements of Comprehensive Income	7
(3) Notes on Quarterly Consolidated Financial Statements	8
(Note on the Going-concern Assumption)	8
(Note on Significant Changes in the Amount of Shareholders' Equity)	8
(Changes in Significant Subsidiaries for the Nine Months ended September 30, 2020)	8
(Application of Specific Accounting Methods for the Preparation of Quarterly	8
Consolidated Financial Statements)
(Additional Information)	8
(Segment Information)	10
3. Supplementary Information	12
(Weddings Held and Orders Received)	12

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