Welbe : Summary of Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2022

		November 12, 2021
	Summary of Consolidated Financial Results
	for the Second Quarter of the Fiscal Year Ending March 31, 2022
	(Six Months Ended September 30, 2021)
		[Japanese GAAP]
Company name:	Welbe, Inc.	Listing: Tokyo Stock Exchange, First Section
Stock code:	6556	URL: https://www.welbe.co.jp
Representative:	Makoto Ohta, Representative Director and President
Contact:	Takao Senga, Director, Vice President, Head of Management Division
	Tel: [phone]
Scheduled date of filing of Quarterly Report:	November 12, 2021
Scheduled date of dividend payment:	December 2, 2021
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting:	Yes

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2022 (April 1, 2021 - September 30, 2021)

(1) Consolidated Operating Results				(Percentages represent year-on-year changes)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of Parent
	Million yen		%	Million yen	%	Million yen	%	Million yen	%
Three months ended Sep. 30, 2021	4,688		16.4	1,202	8.3	1,245	11.4	866	18.9
Three months ended Sep. 30, 2020	4,028		-	1,110	-	1,118	-	728	-

Note: Comprehensive income

Six months ended Mar. 31, 2021:

866million yen

( 18.9%)

Six months ended Mar. 31, 2020:

728million yen

( -%)

Earnings per share

Diluted earnings

per share

Yen

Yen

Three months ended Sep. 30, 2021

30.31

30.11

Three months ended Sep. 30, 2020

25.93

25.32

Note: Consolidated accounting started from the full year ended March 2020.Therefore, the percentage changes for the six months

ended September 30, 2021 is not listed.

(2) Consolidated Financial position

Total assets

Net assets

Equity ratio

As of Sep. 30, 2021

Million yen

Million yen

%

8,416

5,258

62.5

As of Mar. 31, 2021

5,473

4,750

86.8

Reference: Shareholders' equity

As of Sep. 30, 2021:

5,256million yen

As of Mar. 31, 2021:

4,750million yen

2. Dividends

Dividends per share

1Q-end

2Q-end

3Q-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended Mar. 31, 2021

-

4.70

-

11.30

16.00

Fiscal year ending Mar. 31, 2022

-

8.00

-

Fiscal year ending Mar. 31,

-

8.10

16.10

2022(forecast)

Note: Revisions to the most recently

announced dividend forecast: None

3. Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(Percentages represent year-on-year changes)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of Parent
Full year	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
9,551		16.8	2,658	30.5	2,659	26.4	1,910	25.4	66.58
Note: Revisions to the most recently announced earnings forecasts: None

* Notes

1. Changes in significant subsidiaries during the period under review
   (changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Adoption of specific accounting treatments to the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies and accounting-based estimates, and restatements
4. 1. Changes in accounting policies due to revisions in accounting standards, others: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting-based estimates: None
   4. Restatements: None
5. Number of shares issued (common stock)
6. 1. Number of shares issued at the end of the period (including treasury shares)

As of Sep. 30, 2021:	28,788,000 shares	As of Mar. 31, 2021:	28,383,000 shares
2) Number of treasury shares at the end of the period
As of Sep. 30, 2021:	129 shares	As of Mar. 31, 2021:	129 shares
3) Average number of shares during the period
Six months ended Sep. 30, 2021:	28,590,903 shares	Six months ended Sep. 30, 2020:	28,111,493 shares

• This summary report is not subject to audit by certified public accountants or auditing firms.
• Explanation of appropriate use of earnings forecasts, and other special items Cautionary statement with respect to forecasts
  Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to Welbe's management at the time these materials were prepared, but are not promised by Welbe regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons.
  How to view supplementary materials for financial results
  Welbe plans to hold an information meeting for institutional investors and analysts regarding results of operations on Tuesday, November 16, 2021. Materials distributed at this event will also be disclosed, using the Timely Disclosure network (TDnet), and available on the company's website.