T Gaia : Summary Version of Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2020

(Summary Translation)

Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2020

(Nine Months Ended December 31, 2019) (Based on J-GAAP)

			February 6, 2020
Company name:	T-Gaia Corp.	Listing:	Tokyo Stock Exchange, First Section
Stock code:	3738	URL:	https://www.t-gaia.co.jp/
Representative:	Nobutaka Kanaji, President & CEO
Contact:	Tomoyuki Shioya, Managing Officer & General Manager of Corporate Planning & Strategy Dept.
	Tel: [phone]
Scheduled date of filing Securities Report: February 7, 2020

Scheduled commencement date of dividend payout: -

Financial results supplementary explanation documents: Yes

Financial results presentation: None

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

1. Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2020 (April 1, 2019 -Dec. 31, 2019)

(1) Consolidated results of operations (nine months)		(Percentages represent year-over-year changes)
							Net income attributable
	Net sales		Operating income	Ordinary income	to shareholders of the
							parent company
	Million yen	%	Million yen	%	Million yen	%	Million yen	%
3Q FY 2020	354,957	(5.8)	9,388	(13.3)	13,797	(8.4)	9,291	(8.5)
3Q FY 2019	376,800	(6.0)	10,834	8.5	15,068	50.0	10,156	53.2

(Note) Comprehensive income (million yen):	3Q FY 2020: 9,319 / (8.0%) 3Q FY 2019: 10,139 / 54.9%
		Net income per	Diluted net income
		share	per share
		Yen			Yen
3Q FY 2020	166.72			-
3Q FY 2019	182.25			-
(2)Consolidated financial position
		Total assets			Net assets	Equity ratio
		Million yen			Million yen	%
3Q FY 2020		174,783		51,830	29.6
FY 2019		178,994		46,745	26.1

Reference: Shareholders' equity (million yen):

3Q FY 2020: 51,816

3Q FY 2019: 46,730

2. Dividends

Annual dividends

1Q-end

Interim

3Q-end

Yearend

Annual

Yen

Yen

Yen

Yen

Yen

FY 2019

-

36.50

-

38.50

75.00

FY 2020

-

37.50

FY 2020

37.50

75.00

(forecasts)

Note: Revisions to the dividend forecast in the current quarter: None

3. Consolidated forecasts for the Fiscal Year Ending March 31, 2020 (April 1, 2019 - March 31, 2020)

(Percentages represent year-over-year changes)

Net sales

Operating income

Ordinary income

Net income

Net income per

share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

432,000

(18.0)

13,100

(14.8)

18.500

(10.2)

12,400

(10.4)

222.51

Note: Revisions to the financial forecast in the current quarter: None

Disclaimer: these financial statements have been prepared in accordance with generally accepted accounting principles in Japan. This English translation is prepared for the reader's convenience. When there are any discrepancies between the original Japanese version and English translation version, the original Japanese version always prevails.

- 1 -

Notes

1. Changes in significant subsidiaries during the consolidated period (nine months) under review (changes in subsidiaries accompanying change in the scope of consolidation): None
2. Changes in accounting procedures specific to creation of quarterly consolidated financial statements: None
3. Changes in accounting principles, estimates and restatement
4. 1. Changes in accounting principles caused by revision of accounting standards: None
   2. Changes in accounting principles other than those mentioned above: None
   3. Changes in accounting estimates: None
   4. Restatement: None
5. Number of shares issued and outstanding (shares of common stock)

• 1. Number of shares outstanding (including treasury stock) at end of period
  2. Number of treasury stock at end of period
  3. Average number of shares outstanding during the period (nine months)
• Implementation of quarterly review procedures

3Q FY 2020	56,074,000 shares	FY 2019	79,074,000 shares
3Q FY 2020	341,827 shares	FY 2019	23,345,828	shares
3Q FY 2020	55,730,602 shares	3Q FY 2019	55,728,186	shares

The consolidated financial statement is not subject to audit procedures pursuant to the Financial Instruments and Exchange Act.

At the time of disclosure of the consolidated financial statement, the audit procedures of consolidated financial statements pursuant to the FIEA are already completed.

• Cautionary statement with respect to forward-looking statements
  (Disclaimer on forward-looking statements)
  These materials contain forward-looking information including earnings projections based on information currently available to the Company and certain assumptions considered reasonable in the judgment of the Company. Nothing contained in these materials is meant to suggest that the Company promises to attain the said projections. Moreover, due to various factors, actual results may materially differ from projections.

(Concerning financial results supplementary explanatory documents and financial results presentation)

Financial results supplementary explanatory documents will be posted in Japanese on February 6, 2020.

*English version of Financial results supplementary explanatory documents will be posted on the English site for Investors of T-Gaia Corporation within days.

*English Account title is based on Account List available at website of Financial Service Agency.

- 2 -