Asante Incorporated : Financial Results for the First Quarter Ended June 30, 2021 - Supplementary Material

Financial Results for the First Quarter

Ended June 30, 2021

- Supplementary material

August 4, 2021

< Contents >
Results for Profit and Loss (YoY)*	P 2
Factors for Changes in Operating Income (YoY)*	P 3
Ratios to Estimates	P 4

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

Asante Incorporated

• TSE First Section Securities Code 6073 】

Notes on Future Forecasts This document is only to provide information to investors, and is not for the purpose of soliciting purchases or sales. References to future forecasts in this document are based on goals and predictions, and are not certain or guaranteed. When using this document, please be aware that the future results of the Company may differ from the current forecasts made by the Company. Also, for references to the industry, etc., data thought to be trustworthy is used, but the Company provides no guarantees as to its accuracy or completeness. No matter what purpose investors use this document for, it is provided with the understanding that they will use it based on their own judgment and responsibility, and the Company shall bear no responsibility for its use.

Asante Inc.

Results for Profit and Loss (YoY)

• Net sales 4,118 million yen Operating income 679 million yen

	(Non-Consolidated)		(Consolidated)		YoY
	FY3/21	1Q		FY3/22	1Q
(Unit: Million yen)	Results		Results	Change	Change in
	Ratio
Net Sales		3,505			4,118	612	17.5%
Gross Profit		2,521			2,933	412	16.4%
Gross profit ratio		71.9％			71.2％	-0.7pt	－
Operating Income		453			679	226	49.8%
Operating income ratio		12.9％			16.5％	＋3.6pt	－
Ordinary Income		484			680	196	40.6%
Ordinary income ratio		13.8％			16.5％	＋2.7pt	－
Net income attributable		321			450	129	40.2%
to owners of parent
Net income ratio		9.2％			10.9％	＋1.8pt	－
EPS (yen)		26.05			41.10	15.06	57.8%
		- 2 -				Asante Inc.

Factors for Changes in Operating Income (YoY)

	(Unit: Million yen)	(Non-Consolidated)	(Consolidated)	YoY	Change in
	FY3/21	1Q	FY3/22 1Q
	Ratio
Net Sales		3,505	4,118	＋612	＋17.5%
Cost of Sales		984	1,184	＋199	＋20.3%
	Material Costs		394	487	＋93	＋23.7%
	Labor Costs		373	393	＋19	＋5.3%
	Other Cost of Sales		217	303	＋86	＋39.8%
Gross Profit		2,521	2,933	＋412	＋16.4%
SG&A Expenses		2,067	2,254	＋186	＋9.0%
	Personnel Expenses		1,238	1,371	＋133	＋10.8%
	Recruiting Expenses		44	51	＋7	＋17.3%
	Sales Promotional Expenses		249	246	-3	-1.5%
	Other SG&A Expenses		535	584	＋49	＋9.2%
Operating Income		453	679	＋226	＋49.8%

• Sales Promotional Expenses：Advertising expenses related to promotional activities
• • 3 -

Asante Inc.

Ratios to Estimates

 Net sales	Progress ratio on full-year forecasts: 27.5%
 Operating income	Progress ratio on full-year forecasts: 34.1%
		(Consolidated)		(Consolidated)
		FY3/22 1Q		FY3/22	Full-year
(Unit: Million yen)		Results	Forecasts	Progress Ratio
Net Sales		4,118		14,992	27.5%
Gross Profit		2,933		10,459	28.1%
Gross profit ratio		71.2％		69.8％		－
Operating Income		679		1,996	34.1%
Operating income ratio		16.5％		13.3％		－
Ordinary Income		680		2,016	33.7%
Ordinary income ratio		16.5％		13.5％		－
Net income attributable		450		1,300	34.7%
to owners of parent
Net income ratio		10.9％		8.7％		－
EPS (yen)		41.10		118.58	34.7%
		- 4 -			Asante Inc.