ALBERT : Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (Under Japanese GAAP)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

February 15, 2022

Non-consolidated Financial Results

for the Fiscal Year Ended December 31, 2021

(Under Japanese GAAP)

Company name	:ALBERT Inc.
Listing	:Tokyo Stock Exchange
Securities code	:3906
URL	:https://www.albert2005.co.jp/english/
Representative	:Takeshi Matsumoto, Representative Director and President
Inquiries	:Satoshi Koyama, Executive Officer and
	General Manager of Corporate Management Department
Telephone	:[phone]
Scheduled date of annual general meeting of shareholders	:March 25, 2022
Scheduled date to commence dividend payments	:-
Scheduled date to file annual securities report	:March 28, 2022
Preparation of supplementary material on financial results	:Yes
Holding of financial results briefing	:Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the fiscal year ended Dec. 31, 2021 (from January 1, 2021, to December 31, 2021)

(1) Non-consolidated operating results							(Percentages indicate year-on-year changes.)
		Net sales					Operating profit		Ordinary profit				Profit
Fiscal year ended		Millions of yen		%		Millions of yen	%		Millions of yen	%		Millions of yen	%
December 31, 2021	3,338		23.5	436		74.5			435	59.7			353	142.1
December 31, 2020	2,703		16.3	250		32.1			272	40.8			146	-22.1
		Basic earnings			Diluted earnings		Return on equity		Ratio of ordinary		Ratio of operating
		per share					per share			profit to total assets		profit to net sales
Fiscal year ended			Yen				Yen			%					%			%
December 31, 2021	79.60				77.46			9.9			10.5				13.1
December 31, 2020	33.06				32.24			4.4			7.3				9.3

Reference:	Share of profit (loss) of entities accounted for using equity method
	For the fiscal year ended Dec. 31, 2021:	¥ - million
	For the fiscal year ended Dec. 31, 2020:	¥ - million
(2) Non-consolidated financial position
			Total assets			Net assets		Equity-to-asset ratio		Net assets per share
As of			Millions of yen		Millions of yen		%		Yen
December 31, 2021		4,551		3,787		83.2	849.07
December 31, 2020		3,749		3,361		89.6	759.99
Reference:	Equity
	As of Dec. 31, 2021:		¥3,785 million
	As of Dec. 31, 2020:		¥3,358 million

(3) Non-consolidated cash flows

		Cash flows from		Cash flows from		Cash flows from		Cash and cash
					equivalents at end of
		operating activities		investing activities		financing activities
					period
Fiscal year ended		Millions of yen		Millions of yen		Millions of yen		Millions of yen
December 31, 2021	691	-8	-40	3,246
December 31, 2020	87	-6	-96	2,603

2. Cash dividends

					Annual dividends per share			Total cash			Ratio of
			First		Second		Third
						Fiscal			dividends		Payout ratio	dividends to
			quarter-		quarter-		quarter-			Total
						year-end		(Total)			net assets
			end		end		end
			Yen		Yen		Yen		Yen		Yen	Millions of	%	%
							yen
	Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
	December 31, 2020
	Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
	December 31, 2021
	Fiscal year ending
	December 31, 2022	-	-	-	-	-		-
	(Forecast)

2. Non-consolidated Forecast

		Net sales			Operating profit		Ordinary profit		Profit
Fiscal year ended		Millions of yen		%		Millions of yen	%		Millions of yen	%		Millions of yen	%
December 31, 2022	4,100		22.8	657	50.6	657	51.1	446	26.3

* Notes

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
3. Number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2021	4,487,500 shares
As of December 31, 2020	4,452,500 shares

(ii) Number of treasury shares at the end of the period

As of December 31, 2021	29,577 shares
As of December 31, 2020	32,755 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended December 31, 2021	4,443,399 shares
Fiscal year ended December 31, 2020	4,419,855 shares

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  Non-consolidated earnings forecasts for the year ending December 31, 2022, are based on information that is available at the time of writing, but a number of known and unknown factors could cause actual results to differ from projections.