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    6073   JP3117350003

ASANTE INCORPORATED

(6073)
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Asante Incorporated : Summary of Business Results for the Fiscal Year Ended March 31, 2021

05/07/2021 | 05:17am EDT

Summary of Business Results for the Fiscal Year Ended March 31, 2021

[Japan GAAP] (Consolidated)

May 7, 2021

Company

Asante, Inc.

Listed on the TSE

Stock Code

6073

URL: https://www.asante.co.jp/

Representative

Sei Miyauchi, Chief Executive Officer

Contact

Yoshiyuki Nakao,

T E L: +81-3-3226-5511

Director, General Manager, Corporate Planning Department

Expected date of annual shareholders' meeting: June 18, 2021

Expected starting date of dividend payment: June 21, 2021

Expected date of filing of annual securities report: June 21, 2021

Preparation of supplementary financial document: Yes

Results briefing: Yes (for institutional investors and analysts)

Rounded down to million yen

1. Consolidated business results for the fiscal year ended March 2021

(April 1, 2020 through March 31, 2021)

(1) Results of operations

(% change from the previous corresponding period)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Year ended Mar. 2021

13,872

-

1,602

-

1,703

-

1,063

-

Year ended Mar. 2020

-

-

-

-

-

-

-

-

(Note) Comprehensive income

Year ended March 2021: 1,135 million yen (-%)

Year ended March 2020: - million yen (-%)

Net income

Diluted net

Return on

Ratio of ordinary

Ratio of operating

per share

income per share

equity

income to total assets

income to net sales

Yen

Yen

%

%

%

Year ended Mar. 2021

89.52

-

9.1

11.8

11.6

Year ended Mar. 2020

-

-

-

-

-

(Reference) Investment earnings/loss on equity-method: Year ended March 2021: - million yen Year ended March 2020: - million yen

(Note) Since we have started to prepare the consolidated financial statements from the fiscal year ended March 2021, the figures and the year-on-year rate of change for the fiscal year ended March 2020 have not been presented. In addition, the calculations of return on equity and ratio of ordinary income to total assets are based on year-end shareholders' equity and year-end total assets, respectively, since it is the first year of consolidation.

(2) Consolidated financial position

Total assets

Net assets

Shareholders' equity

Net assets per

ratio

share

Million yen

Million yen

%

Yen

As of Mar. 2021

14,429

11,666

80.9

1,064.09

As of Mar. 2020

-

-

-

-

(Reference) Shareholders' equity:

As of March 2021: 11,666 million yen

As of March 2020: - million yen

(Note) Since we have started to prepare the consolidated financial statements from the fiscal year ended March 2021, the figures for the fiscal year ended March 2020 have not been presented.

(3) Consolidated results of cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at the end of period

Million yen

Million yen

Million yen

Million yen

Year ended Mar. 2021

929

-309

-2,991

6,675

Year ended Mar. 2020

-

-

-

-

(Note) Since we have started to prepare the consolidated financial statements from the fiscal year ended March 2021, the figures for the fiscal year ended March 2020 have not been presented.

- 1 -

2. Dividends

Annual dividend

Total

Dividend

Rate of total

dividend

payout ratio

dividend to

End of

End of

End of

Year-end

Total

(Total)

(consolidated)

net assets

1Q

2Q

3Q

(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

Year ended Mar. 2020

-

30.00

-

30.00

60.00

740

-

-

Year ended Mar. 2021

-

30.00

-

30.00

60.00

699

67.0

5.6

Year ending Mar. 2022

-

31.00

-

31.00

62.00

52.3

(forecast)

(Note) Since we have started to prepare the consolidated financial statements from the fiscal year ended March 2021, dividend payout ratio (consolidated) and rate of total dividend to net assets (consolidated) for the fiscal year ended March 2020 have not been presented. In addition, the calculations of rate of total dividend to net assets (consolidated) for the fiscal year ended March 2021 is based on year-end consolidated net assets per share since it is the first year of consolidation.

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

(% change from the previous corresponding period)

Net sales

Operating income

Ordinary income

Net income attributable

Net income

to owners of parent

per share

For the six months

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

8,306

11.5

1,491

27.9

1,516

19.8

1,010

22.5

92.16

ending Sept. 30, 2021

Year ending Mar. 2022

14,992

8.1

1,996

24.6

2,016

18.4

1,300

22.3

118.58

* Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes

in the scope of consolidation): None

(2) Changes in rules, procedures and indication methods of accounting procedures

Changes in accounting policies associated with revision of accounting standards: Changes in accounting policies other than

Changes in accounting estimates

Restatement

  1. Shares outstanding (common stock)
  • Number of shares outstanding at the end of period (treasury stock included)

As of March 2021

12,348,500 shares

As of March 2020

12,341,900 shares

  • Treasury stock at the end of period:

As of March 2021

1,384,695 shares

As of March 2020

295 shares

  • Average number of stock during period

Year ended March 2021

11,877,150 shares

Year ended March 2020

12,341,615 shares

  • None
  • None
  • None
  • None

*This financial summary is not subject to auditing procedures.

*Explanation regarding appropriate use of business forecasts and other special instructions

1. On July 1, 2020, our company acquired all of the shares of Heartful Home Co., Ltd. Consequently, we have started to prepare the quarterly consolidated financial statements from the second quarter of the fiscal year ended March 2021.

2. Forecasts regarding future performance in this material are based on information currently available to the company and certain assumptions that the company deems to be reasonable at the time this report was prepared. The company does not make promises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

- 2 -

Disclaimer

Asante Incorporated published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:16:05 UTC.


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Financials
Sales 2021 13 872 M 127 M 127 M
Net income 2021 1 063 M 9,70 M 9,70 M
Net cash 2021 6 028 M 55,0 M 55,0 M
P/E ratio 2021 20,1x
Yield 2021 3,34%
Capitalization 18 924 M 173 M 173 M
EV / Sales 2020
EV / Sales 2021 0,99x
Nbr of Employees 1 049
Free-Float 67,3%
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Managers and Directors
Sei Miyauchi President, CEO, Representative Director & GM-Sales
Atsushi Nishiyama Director & General Manager-Compliance
Masami Iishiba Managing Director & GM-Administration
Katsumi Uchida Independent Outside Director
Shigeharu Dogakinai Independent Outside Director
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