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

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: [phone]

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.

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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

① Changes in accounting policies associated with revision of accounting standards: ②Changes in accounting policies other than ①

③Changes in accounting estimates

④Restatement

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.

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