BEAUTY GARAGE : Consolidated Financial Results for the Fiscal Year Ended April 30, 2022

Consolidated Financial Results

for the Fiscal Year Ended April 30, 2022

[Japanese GAAP]

June 8, 2022

Company name: BEAUTY GARAGE Inc.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3180

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

Representative: Hideki Nomura, Representative Director/Chief Executive Officer

Contact: Takahiro Saito, Operating Officer/Supervisory Manager of Business Management Group

Phone: [phone]

Scheduled date of the Annual General Meeting of Shareholders: July 28, 2022

Scheduled date of commencing dividend payments: July 29, 2022

Scheduled date of filing annual securities report: July 29, 2022

Availability of supplementary briefing material on annual financial results: Yes

Schedule of financial results briefing session: Yes

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended April 30, 2022 (May 1, 2021 to April 30, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	April 30, 2022	23,401		19.4	1,202	20.1	1,215	12.5	709	8.5
	April 30, 2021	19,597		24.6	1,001	37.1	1,080	44.6	654	60.4

(Note) Comprehensive income: Fiscal year ended April 30, 2022: ¥747 million [10.7%]
			Fiscal year ended April 30, 2021: ¥675 million [69.4%]
			Earnings		Diluted earnings		Return		Ordinary profit	Operating profit
			per share		per share		on equity		to total assets	to net sales
	Fiscal year ended		Yen		Yen	%	%		%
	April 30, 2022	112.63	-	14.4	11.8		5.1
	April 30, 2021		104.03		-		15.3		12.5		5.1

(2) Consolidated Financial Position

		Total assets	Net assets	Equity ratio	Net assets per share
		Million yen	Million yen	%	Yen
	As of April 30, 2022	10,548	5,468	50.0	835.20
	As of April 30, 2021	10,043	4,733	45.5	727.08
(Reference) Equity: As of April 30, 2022: ¥5,270 million
	As of April 30, 2021: ¥4,574 million
(3) Consolidated Cash Flows
		Net cash provided	Net cash provided	Net cash provided	Cash and cash
		by	by	by
		equivalents at end of
		(used in) operating	(used in) investing	(used in) financing
		period
		activities	activities	activities
	Fiscal year ended	Million yen	Million yen	Million yen	Million yen
	April 30, 2022	712	(439)	(188)	2,670
	April 30, 2021	859	(623)	97	2,572

2. Dividends

				Annual dividend			Payout	Dividends
								Total	to net
	1st		2nd		3rd			ratio
			Year-end	Total	dividends	assets
			(consolidated)
	quarter-endquarter-endquarter-end					(consolidated)
Fiscal year ended	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
April 30, 2021	-		-	-	14.00	14.00	88	13.5	2.1
April 30, 2022	-		-	-	16.00	16.00	100	14.2	2.0
Fiscal year ending
April 30, 2023		-		-	-	18.00	18.00		13.4
(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2023 (May 1, 2022 to April 30, 2023)

(% indicates changes from the previous corresponding period.)

							Profit attributable	Earnings
	Net sales	Operating profit	Ordinary profit	to owners of
	per share
							parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
First half	13,276	15.7	608	3.8	609	4.4	393		21.6	62.28
Full year	27,013	15.4	1,407	17.1	1,410	16.1	850		19.7	134.71

* Notes:

1. Changes in significant subsidiaries during the fiscal year ended April 30, 2022 (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
   Newly included: 2 (Company name: BG REUSE Inc., GYM GARAGE Inc.)
   Excluded: - (Company name: -)
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
4. Total number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares):

April 30, 2022: 6,376,000 shares

April 30, 2021: 6,376,000 shares

1. Total number of treasury shares at the end of the period: April 30, 2022: 65,755 shares
   April 30, 2021: 84,670 shares
2. Average number of shares during the period:

Fiscal year ended April 30, 2022: 6,303,601 shares

Fiscal year ended April 30, 2021: 6,291,627 shares

• These financial results are outside the scope of audit by certified public accountants or audit corporations.
• Explanation of the proper use of financial results forecast and other notes

The financial results forecast and other forward-looking statements in this document are based on information currently available to the Company and certain assumptions the Company deems to be reasonable, and are not intended as a guarantee that the Company will achieve the earnings. Actual results may differ significantly from these forecasts due to a wide range of factors.