Summary of Consolidated Financial Results for the Six Months Ended September 30, 2021 (Based on IFRS)

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.

November 8, 2021

	Summary of Consolidated Financial Results
	for the Six Months Ended September 30, 2021 (Based on IFRS)
Company name:	Iida Group Holdings Co., Ltd.
Listing:	Tokyo Stock Exchange (First Section)
Stock code:	3291
URL:	https://www.ighd.co.jp/
Representative:	Masashi Kanei, President and Representative Director
For Inquiry:	Hiroshi Nishino, Executive Board Director
	Tel: [phone]

Scheduled date to file quarterly securities report: November 8, 2021

Scheduled date to commence dividend payments: December 3, 2021

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results meeting: Yes（Video streaming service only）

（Amounts less than one million yen are rounded down.）

１．Consolidated financial results for the first six

months ended September 30, 2021

(from April 1, 2021 to September 30, 2021)

（１）Consolidated Operating Results (Cumulative)

（Percentages indicate year-on-year change.）

Profit before income

Profit attributable to

Total comprehensive

Revenue

Operating profit

Net profit

owners of the parent

taxes

company

profit

Six months ended

Millions of

％

Millions of

％

Millions of

％

Millions of

％

Millions of

％

Millions of

％

yen

yen

yen

yen

yen

yen

September 30, 2021

682,964

(7.5)

85,746

62.9

84,435

64.7

58,213

66.7

57,976

66.9

57,955

66.7

September 30, 2020

738,320

12.4

52,647

12.0

51,275

13.6

34,918

14.0

34,728

14.0

34,773

25.6

Basic earnings per share

Diluted earnings per share

Six months ended

Yen

Yen

September 30, 2021

201.04

－

September 30, 2020

120.43

－

Note: "Basic earnings per share" is calculated based on "Profit attributable to owners of the parent company."

（２）Consolidated financial position

Equity attributable to

Ratio of equity attributable

Total assets

Total equity

owners of the parent

to owners of the parent

company

company to total assets

As of

Millions of yen

Millions of yen

Millions of yen

％

September 30, 2021

1,544,348

905,336

903,228

58.5

March 31, 2021

1,474,931

859,869

857,911

58.2

２．Cash dividends

Annual dividends per share

1Q

2Q

3Q

4Q

Total

Yen

Yen

Yen

Yen

Yen

March 31, 2021

－

31.00

－

43.00

74.00

March 31, 2022

－

45.00

March 31, 2022

－

45.00

90.00

(Forecast)

Note: Revisions to the forecasts of cash dividends most recently announced: No

３．Forecast of consolidated results for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

（Percentages indicate year-on-year changes.）

Revenue

Operating profit

Profit before income

Net profit

Profit attributable to

Total comprehensive

taxes

owners of the parent

profit

company

Millions of

％

Millions of

％

Millions of

％

Millions of

％

Millions of

％

Yen

yen

yen

yen

yen

yen

Full year

1,470,000

0.9

128,000

5.6

125,000

4.4

86,000

2.7

86,000

3.2

298.22

Note: Revisions to the consolidated financial results forecasts most recently announced: No

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• Notes
  (1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope

of consolidation): No
Added: None	Excluded: None

1. Changes in accounting policies and accounting estimates
2. • Changes in accounting policies due to transitioning to IFRS: Yes
     ② Changes in accounting policies due to other reasons: No
     ③ Changes in accounting estimates: No

(3)The number of issued shares （common stock）
①	Total number of issued shares at the end	As of September 30, 2021	294,431,639Shares	As of March 31, 2021	294,431,639Shares
	of the period (including treasury stock)
②	Number of treasury stock at the end of
As of September 30, 2021	6,052,252Shares	As of March 31, 2021	6,051,965Shares
	the period
③	Average number of shares during the
Six months ended		Six months ended
	period (Cumulative from the beginning	288,379,498Shares	288,380,613Shares
	September 30, 2021	September, 2020
	of the fiscal year)

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Explanation of appropriate use of financial results forecast and other remarks

(Cautionary note on forward-looking statement)

Financial results forecast and other forward-looking statements contained in this report are based on information available to the Company and certain assumptions judged to be reasonable on the date of this report's announcement, and they do not constitute the Company's intention to promise the accomplishment of the forecasts. In addition, actual results may differ significantly from the forecast due to various factors.

(How to obtain supplementary materials for financial results）

The video streaming briefing for the quarterly financial results is held on November 9, 2021. The supplementary materials for the quarterly financial results will be posted on our website on November 8, 2021.

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Condensed Quarterly Consolidated Financial Statements

Condensed Quarterly Consolidated Statement of Financial Position

		(Unit: Millions of yen)
	As of March 31, 2021	As of September 30, 2021
Assets
Current assets
Cash and deposit	550,587	562,730
Trade and other receivables	7,670	11,309
Contract assets	5,323	9,099
Inventories	478,492	526,647
Operating loans and operating accounts receivable	33,131	31,977
Income taxes receivable	8,475	－
Other financial assets	2,845	3,227
Other current assets	9,920	13,681
Total current assets	1,096,446	1,158,673
Non-current assets
Property, plant, and equipment	104,698	107,473
Right-of-use assets	19,149	20,763
Goodwill	199,776	199,776
Intangible assets	2,100	1,807
Other financial assets	39,356	42,385
Deferred tax assets	13,064	13,126
Other non-current assets	339	342
Total non-current assets	378,485	385,675
Total assets	1,474,931	1,544,348

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		(Unit: Millions of yen)
	As of March 31, 2021	As of September 30, 2021
Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings	200,932	223,982
Lease liabilities	5,624	6,044
Trade and other payables	108,169	118,101
Other financial liabilities	9,824	3,617
Income taxes payables	26,594	27,791
Contract liabilities	6,740	9,082
Other current liabilities	22,644	13,842
Total current liabilities	380,529	402,462
Non-current liabilities
Bonds and borrowings	200,250	199,794
Lease liabilities	14,889	16,278
Other financial liabilities	1,381	1,444
Retirement benefit liabilities	10,641	10,983
Provisions	6,177	6,740
Deferred tax liabilities	462	429
Other non-current liabilities	728	878
Total non-current liabilities	234,532	236,550
Total liabilities	615,061	639,012
Equity
Capital stock	10,000	10,000
Capital surplus	418,161	418,161
Retained earnings	445,464	491,041
Treasury stock	(13,205)	(13,206)
Other components of equity	(2,508)	(2,767)
Equity attributable to owners of the parent company	857,911	903,228
Non-controlling interests	1,958	2,107
Total equity	859,869	905,336
Total liabilities and equity	1,474,931	1,544,348

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