Non-consolidated Financial Results

for the Three Months Ended May 31, 2021

[Japanese GAAP]

June 28, 2021

Company name: Halows Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange

Code number: 2742

URL: http://www.halows.com/en/

Representative: Toshiyuki Sato, President and Chief Executive Officer

Contact: Hidenori Hanaoka, Senior Managing Director and General Manager of Administrative Groups

Phone: +81-86-483-1011

Scheduled date of filing quarterly securities report: July 13, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary explanatory materials on quarterly financial results: Not available

Schedule of quarterly financial results briefing session: Not scheduled

(Amounts of less than one million yen are rounded down.) 1. Non-consolidated Financial Results for the Three Months Ended May 31, 2021 (March 1, 2021 - May 31,

2021)

(1) Non-consolidated Operating Results (cumulative) (% indicates changes from the previous corresponding period.)

Operating income*

Operating profit

Ordinary profit

Profit

Three months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

May 31, 2021

39,080

2.7

1,980

3.5

1,984

4.0

1,347

1.6

May 31, 2020

38,035

17.6

1,913

74.9

1,907

76.1

1,326

82.9

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

May 31, 2021

63.13

62.96

May 31, 2020

67.01

66.84

* Operating income is the sum of net sales and operating revenue.

(2) Non-consolidated Financial Position

Total assets

Net assets

Equity ratio

Million yen

Million yen

%

As of May 31, 2021

84,041

45,186

53.6

As of February 28, 2021

90,845

44,217

48.5

(Reference) Equity: As of May 31, 2021: ¥45,051 million As of February 28, 2021: ¥44,087 million

2. Dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

16.00

-

18.00

34.00

February 28, 2021

Fiscal year ending

-

February 28, 2022

Fiscal year ending

February 28, 2022

18.00

-

18.00

36.00

(Forecast)

(Note 1) Revision to the forecast for dividends announced most recently: None

(Note 2) The year-end dividend of 18 yen for the fiscal year ended February 28, 2021 includes a commemorative dividend of 2 yen for achieving operating income of 150 billion yen.

3. Non-consolidated Financial Results Forecasts for the Fiscal Year Ending February 28, 2022 (March 1, 2021 - February 28, 2022)

(% indicates changes from the previous corresponding period.)

Operating income

Operating profit

Ordinary profit

Profit

Basic earnings

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

First half

76,500

(0.2)

3,260

(15.9)

3,250

(15.9)

2,190

(18.5)

102.58

Full year

156,800

3.2

7,330

(3.6)

7,300

(3.7)

4,920

(10.5)

230.45

(Note) Revision to the financial results forecasts announced most recently: None

* Notes:

  1. Accounting methods adopted particularly for the preparation of quarterly non-consolidated financial statements: Yes
    (Note) For details, please see "2. Quarterly Non-consolidated Financial Statements and Principal Notes (3) Notes to Quarterly Non-consolidated Financial Statements (Accounting methods adopted particularly for the preparation of quarterly non-consolidated financial statements)" on page 6 of the attached documents (available in Japanese only).
  2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: None
    2. Changes in accounting policies other than 1) above: None
    3. Changes in accounting estimates: None
    4. Retrospective restatement: None
  3. Total number of issued and outstanding shares (common shares)
    1. Total number of issued and outstanding shares at the end of the period (including treasury shares):

As of May 31, 2021:

21,423,900 shares

As of February 28, 2021:

21,423,900 shares

2) Total number of treasury shares at the end of the period:

As of May 31, 2021:

74,617 shares

As of February 28, 2021:

74,617 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year):

Three months ended May 31, 2021:

21,349,283 shares

Three months ended May 31, 2020:

19,790,017 shares

  • These quarterly non-consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
  • Explanation of the proper use of financial results forecasts and other notes
    • The financial results forecasts and other forward-looking statements contained in this document are based on the information available to the Company and certain assumptions deemed to be reasonable as of the date of publication of this document, and actual results may differ significantly due to various factors. For the assumptions that the financial results forecasts are based on and cautionary notes on the use of the forecasts, please see "1. Qualitative Information on Quarterly Financial Results (3) Explanation of Non- consolidated Financial Results Forecasts and Other Forward-looking Information" on page 2 of the attached documents (available in Japanese only).

2. Quarterly Non-consolidated Financial Statements and Principal Notes

(1) Quarterly Non-consolidated Balance Sheets

(Million yen)

As of February 28, 2021

As of May 31, 2021

Assets

Current assets

Cash and deposits

21,568

13,448

Accounts receivable - trade

544

810

Merchandise

3,185

3,300

Supplies

4

4

Other

2,567

2,191

Allowance for doubtful accounts

(3)

(3)

Total current assets

27,866

19,752

Non-current assets

Property, plant and equipment

Buildings and structures

49,567

50,858

Accumulated depreciation

(19,922)

(20,378)

Buildings and structures, net

29,645

30,480

Land

17,247

17,637

Other

12,359

12,743

Accumulated depreciation

(7,458)

(7,775)

Other, net

4,901

4,967

Total property, plant and equipment

51,795

53,086

Intangible assets

Other

389

355

Total intangible assets

389

355

Investments and other assets

Leasehold and guarantee deposits

2,743

2,773

Construction assistance fund receivables

1,478

1,447

Long-term prepaid expenses

4,833

4,883

Other

1,739

1,741

Total investments and other assets

10,794

10,846

Total non-current assets

62,978

64,288

Total assets

90,845

84,041

1

(Million yen)

As of February 28, 2021

As of May 31, 2021

Liabilities

Current liabilities

Accounts payable - trade

Current portion of long-term borrowings

Lease obligations

Accounts payable - other

Accrued expenses

Advances received

Income taxes payable

Provision for point card certificates

Other

Total current liabilities

Non-current liabilities

Long-term borrowings

Lease obligations

Provision for retirement benefits

Asset retirement obligations

Deposits for construction assistance fund receivables

Long-term leasehold and guarantee deposits received

Long-term unearned revenue

Other

Total non-current liabilities

Total liabilities

Net assets

Shareholders' equity

14,868

9,343

3,622

3,550

612

594

2,077

1,201

1,403

1,777

1,694

1,717

1,663

702

570

582

1,266

1,234

27,779

20,703

11,718

10,866

935

935

704

714

1,408

1,436

953

1,026

1,872

1,916

928

927

328

328

18,849

18,151

46,628

38,854

Share capital

5,430

5,430

Capital surplus

5,374

5,374

Retained earnings

33,415

34,378

Treasury shares

(133)

(133)

Total shareholders' equity

44,086

45,050

Valuation and translation adjustments

Valuation difference on available-for-sale securities

0

0

Total valuation and translation adjustments

0

0

Share acquisition rights

129

134

Total net assets

44,217

45,186

Total liabilities and net assets

90,845

84,041

2

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Halows Co. Ltd. published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 19:48:04 UTC.