Charm Care : Summary of Consolidated Financial Results for the Year Ended June 30, 2021

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Year Ended June 30, 2021

(Based on Japanese GAAP)

																					August 6, 2021
Company name:	CHARM CARE CORPORATION
Stock exchange listing:	Tokyo
Stock code:	6062	URL https://www.charmcc.jp/
Representative:	Chairman and President					Takahiko Shimomura
Inquiries:	Director Administration Division General	Yukihiro Satomi	TEL [phone]
Manager
Scheduled date of ordinary general meeting of shareholders:		September 28, 2021
Scheduled date to file Securities Report:					September 29, 2021
Scheduled date to commence dividend payments:					September 29, 2021
Preparation of supplementary material on financial results:			Yes
Holding of financial results meeting:						Yes		(for institutional investors and analysts)
												(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended June 30, 2021 (from July 1, 2020 to June 30, 2021)
(1) Consolidated operating results															Percentages indicate year-on-year changes
		Net sales			Operating profit		Ordinary profit	Profit attributable to
					owners of parent
		Millions of yen		%		Millions of yen		%			Millions of yen	%	Millions of yen		%
Year ended June 30, 2021	22,984		-		2,015		-			2,319	-	1,535		-
Year ended June 30, 2020		-		-				-		-					-	-			-		-
		Earnings per share	Diluted earnings per		Profit attributable to		Ordinary profit/total	Operating profit/net
				share				owners of				assets			sales
										parent/equity
			Yen			Yen							%					%				%
Year ended June 30, 2021		47.09			47.01							13.9					8.1				8.8
Year ended June 30, 2020			-				-							-					-				-
(2) Consolidated financial position
		Total assets			Net assets				Equity ratio	Net assets per share
		Millions of yen		Millions of yen						%					Yen
As of June 30, 2021			28,597							11,125							38.7					339.66
As of June 30, 2020					-							-						-					-
(3) Consolidated cash flows
		Cash flows from		Cash flows from		Cash flows from	Cash and cash equivalents
		operating activities		investing activities		financing activities		at end of period
		Millions of yen		Millions of yen		Millions of yen		Millions of yen
Year ended June 30, 2021		2,558							(3,704)							1,472					5,940
Year ended June 30, 2020				-							-						-					-
2. Cash dividends
					Annual dividends per share							Total cash	Dividend payout	Ratio of dividends
																		to net assets
		1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end			Total			dividends (Total)	ratio (Consolidated)	(Consolidated)
		Yen			Yen		Yen					Yen		Yen	Millions of yen	%			%
Year ended June 30, 2020	-			0.00		-					6.50			6.50		211		-			-
Year ended June 30, 2021	-			0.00		-					12.00			12.00		391	25.5			3.5
Year ending June 30, 2022	-			0.00		-					15.00			15.00			16.3
(Forecast)

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3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

12,950

-

1,000

-

980

-

950

-

29.13

December 31, 2021

Full year

30,000

-

2,930

-

2,900

-

3,000

-

92.00

4. Notes

(1) Changes in significant subsidiaries during the year ended June 30, 2021

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(3) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2021

32,712,000

shares

As of June 30, 2020

32,712,000

shares

Number of treasury shares at the end of the period

As of June 30, 2021

103,528 shares

As of June 30, 2020

103,488

shares

Average number of shares during the period

Year ended June 30, 2021

32,608,484 shares

Year ended June 30, 2020

30,635,296 shares

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Consolidated financial statements

Consolidated balance sheets

		(Thousands of yen)
		As of June 30, 2021
Assets
Current assets
Cash and deposits	5,940,654
Accounts receivable - trade	2,242,531
Real estate for development	1,111,272
Other	500,551
Allowance for doubtful accounts	(2,086)
Total current assets	9,792,923
Non-current assets
Property, plant and equipment
Buildings and structures, net	4,837,879
Land	2,665,758
Leased assets, net	233,092
Construction in progress	956,587
Other, net	316,086
Total property, plant and equipment	9,009,403
Intangible assets
Goodwill	456,880
Other	91,373
Total intangible assets	548,253
Investments and other assets
Guarantee deposits	4,317,407
Money held in trust	4,097,341
Deferred tax assets	384,171
Other	448,104
Total investments and other assets	9,247,025
Total non-current assets	18,804,682
Total assets		28,597,605

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		(Thousands of yen)
		As of June 30, 2021
Liabilities
Current liabilities
Accounts payable - trade	221,983
Short-term borrowings	2,543,000
Current portion of long-term borrowings	862,878
Lease obligations	100,494
Income taxes payable	612,402
Accounts payable - other	1,336,924
Unearned revenue	1,720,396
Provision for bonuses	104,638
Other	328,913
Total current liabilities	7,831,631
Non-current liabilities
Long-term borrowings	4,651,806
Lease obligations	153,455
Retirement benefit liability	518,576
Long-term unearned revenue	3,922,038
Asset retirement obligations	181,333
Other	212,883
Total non-current liabilities	9,640,095
Total liabilities	17,471,726
Net assets
Shareholders' equity
Share capital	2,759,250
Capital surplus	2,748,250
Retained earnings	5,697,974
Treasury shares	(82,954)
Total shareholders' equity	11,122,519
Accumulated other comprehensive income
Deferred gains or losses on hedges	(11,130)
Remeasurements of defined benefit plans	(35,587)
Total accumulated other comprehensive income	(46,717)
Share acquisition rights	50,076
Total net assets	11,125,878
Total liabilities and net assets		28,597,605

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Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

		(Thousands of yen)
		Fiscal year ended
		June 30, 2021
Net sales	22,984,089
Cost of sales	19,035,454
Gross profit	3,948,634
Selling, general and administrative expenses	1,933,474
Operating profit	2,015,160
Non-operating income
Interest income	3,282
Subsidy income	329,353
Other	23,533
Total non-operating income	356,169
Non-operating expenses
Interest expenses	47,262
Other	5,030
Total non-operating expenses	52,292
Ordinary profit	2,319,036
Extraordinary losses
Loss on retirement of non-current assets	1,690
Loss on sale of non-current assets	24,006
Total extraordinary losses	25,697
Profit before income taxes	2,293,339
Income taxes - current	864,619
Income taxes - deferred	(106,869)
Total income taxes	757,749
Profit	1,535,589
Profit attributable to owners of parent		1,535,589

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