Financial Results for FY Ended March 2021

May 14, 2021

Asante IncorporatedTSE First Section Securities Code 6073

Contents

Ⅰ.

Ⅱ.

Ⅲ.

Financial Results for FY3/21

Forecasts for FY3/22

Mid-term Business Plan

  1. 02 P. 27 P. 34
  • We adopted consolidated accounting from the second quarter of the fiscal year ending March 2021. Comparisons with the same period of the previous year (non-consolidated) are provided as a reference.

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Asante Inc.

Ⅰ.Financial Results for FY3/21

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Business Environment

Economic conditions deteriorated rapidly from the beginning of the fiscal year due to the impact of COVID-19.

Despite signs of recovery in consumer spending reflecting a gradual resumption of economic activities, the outlook remains uncertain due to the re-expansion of the infection.

The national policy of "emphasizing life extension and maintenance of existing houses" remains unchanged, and there is also an enormous latent demand.

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Asante Inc.

Effects of New Coronavirus (COVID-19) Infections

  • Operational status at major business sites
    • All sales offices have temporarily suspended door-to-door sales activities to new customers (from April 18 to May 15), but we will continue to accept orders from new customers and continue service to existing customers.
    • We will continue advertising and sales promotion as usual to raise awareness of the need for measures against termites during swarming season.
    • All sales offices resumed operations from June 2020.
  • Customer trends
    • Even after the resumption of activities, our operations continued to be affected, as our sales activities have been restricted due to a decline in consumer confidence and concerns over the spread of infections.
  • Employee support
    • We will implement measures to ensure the safety and stability of our employees' lives.

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Asante Inc.

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Asante Incorporated published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 08:05:07 UTC.