1st Quarter of Fiscal Year Ending December 2021

Summary of Financial Results

Funai Soken Holdings Incorporated

TSE 1st section: stock code 9757)

Friday, May 7, 2021

Contents

1 Executive Summary

  1. Consolidated Income
  2. Progress in Comparison with This Year's Forecasts

2 FY2021 1st Quarter Financial Results

  1. Results of Operations by Segment
  2. Results of Operations by Segment
  3. Performance by Segment: Logistics
  4. Results of Operations by Segment: Direct Recruiting
  5. Consolidated Financial Position

3 Outlook and Initiatives

Statement Regarding Use of These Materials

© 2021 Funai Soken Holdings Inc.

1

Executive Summary

1. Executive Summary

(1) Consolidated Income

Performance in this quarter exceeded the (pre-Covid-19) same period of last year, and we recorded our best figures ever.

Income was improved by the large drop in SG&A expenses created by the shift to online seminars, remote support, and remote work. As a result, operating income was up 15.6% from the same period in the preceding year, ordinary income up 14.0%, and net income up 18.4%.

March 2020

March 2021

Amount (million yen)

% of total

Amount (million yen)

% of total

Change (%)

Net sales

6,547

100.0

6,891

100.0

5.3

Operating income

1,475

22.5

1,704

24.7

15.6

Ordinary income

1,519

23.2

1,732

25.1

14.0

Net income

999

15.3

1,184

17.2

18.4

attributable to owners

of the parent

© 2021 Funai Soken Holdings Inc.

3

1. Executive Summary

(1) Consolidated Income

Sales were up, buoyed by an expanded range of digital transformation consulting options aimed at helping clients thrive in the post-Covid "new normal."

Operating income increased significantly, driven by our switch to online delivery of solutions, including online seminars and consulting services provided via web-based conferencing systems.

Net sales

Operating income

(Million yen)

y-o-y

(Million yen)

y-o-y

y-o-y

y-o-y

+10.5%

+5.3%

+3.4%

+15.6%

6,891

1,704

6,547

1,475

5,926

1,426

OP margins

OP margins

OP margins

24.1

22.5

24.7

FY2019/1Q

FY2020/1Q

FY2021/1Q

FY2019/1Q

FY2020/1Q

FY2021/1Q

© 2021 Funai Soken Holdings Inc.

4

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Funai Soken Holdings Co. Ltd. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 13:15:02 UTC.