I mobile : FY2021 Consolidated Financial Results

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

September 8, 2021

Consolidated Financial Results

for the Fiscal Year Ended July 31, 2021

(Under Japanese GAAP)

Company name:	i-mobile Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities code:	6535
URL:	https://www.i-mobile.co.jp/
Representative:	Tetsuya Noguchi, Representative Director, CEO
Inquiries:	Masahide Tomishige, Director
Telephone:	[phone]

Scheduled date of annual general meeting of shareholders:	October 22, 2021
Scheduled date to commence dividend payments:	October 6, 2021
Scheduled date to file annual securities report:	October 25, 2021
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for analysts and institutional investors)
	(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended July 31, 2021 (from August 1, 2020 to July 31, 2021)

(1) Consolidated operating results				(Percentages indicate year-on-year changes.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Fiscal year ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%
	July 31, 2021	17,833		19.7	3,382	50.6	3,366	49.8	2,299	33.1
	July 31, 2020	14,901		(29.5)	2,246	(28.9)	2,248	(28.6)	1,727	26.3

Note: Comprehensive income	For the fiscal year ended July 31, 2021:	¥2,300 million	[35.3%]
			For the fiscal year ended July 31, 2020:	¥1,700 million	[32.9%]
		Basic earnings	Diluted earnings		Return on equity	Ratio of ordinary	Ratio of operating
		per share		per share		profit to total assets	profit to net sales
	Fiscal year ended		Yen			Yen				%		%	%
	July 31, 2021		107.39			106.30				16.5		19.6	19.0
	July 31, 2020		76.66			75.95				13.2		13.9	15.1
Reference: Share of profit (loss) of entities accounted for using equity method
	For the fiscal year ended July 31, 2021:			-
	For the fiscal year ended July 31, 2020:			-
(2) Consolidated financial position
			Total assets			Net assets			Equity-to-asset ratio		Net assets per share
	As of		Millions of yen		Millions of yen			%		Yen
	July 31, 2021		18,992				14,720			77.4			683.85
	July 31, 2020		15,359				13,222			86.1			607.12

Reference: Equity
As of July 31, 2021:	¥14,704 million
As of July 31, 2020:	¥13,222 million

(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
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
July 31, 2021	3,959	(83)	(817)	15,422
July 31, 2020	440	(438)	(1,580)	12,363

2. Cash dividends

		Annual dividends per share		Total cash		Ratio of
						Payout ratio	dividends to
	First	Second	Third	Fiscal		dividends
	Total	(Consolidated)	net assets
	quarter-end	quarter-end	quarter-end	year-end	(Total)
			(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of	%	%
	yen
Fiscal year ended	-	0.00	-	0.00	0.00	-	-	-
July 31, 2020
Fiscal year ended	-	0.00	-	100.00	100.00	2,150	93.1	15.5
July 31, 2021
Fiscal year ending
July 31, 2022	-	0.00	-	35.00	35.00		30.0
(Forecast)

3. Consolidated earnings forecast for the fiscal year ending July 31, 2022 (from August 1, 2021 to July 31, 2022)

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Basic earnings
				owners of parent		per share
	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
July 31, 2022	14,270		(-)	3,750		10.9	3,715		10.4	2,504		8.9	116.49

The Accounting Standards for Revenue Recognition (ASBJ Statement No. 29) will be adopted in the fiscal year ending July 31, 2022 and onward. The above earnings forecast is presented on the relevant accounting standards and the year-on-year changes in net sales are not indicated accordingly.

(Percentages indicate year-on-yearchanges.)

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None

Newly included:	0 companies
Excluded:	0 companies

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: Yes
   4. Restatement: None
3. Number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares)

As of July 31, 2021	21,848,196 shares
As of July 31, 2020	21,779,766 shares

(ii) Number of treasury shares at the end of the period

As of July 31, 2021	345,050 shares
As of July 31, 2020	- shares

(iii) Average number of shares outstanding during the period

Fiscal year ended July 31, 2021	21,417,869 shares
Fiscal year ended July 31, 2020	22,538,359 shares

Reference: Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended July 31, 2021 (from August 1, 2020 to July 31, 2021)

(1) Non-consolidated operating results

		Net sales		Operating profit	Ordinary profit	Profit
	Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen	%
	July 31, 2021	15,757		22.8	2,724		30.0	2,798	32.9	1,884	22.5
	July 31, 2020	12,833		(24.1)	2,096		(38.6)	2,105	(26.6)	1,538	26.9
		Basic earnings per share	Diluted earnings per share
	Fiscal year ended			Yen			Yen
	July 31, 2021			88.00			87.11
	July 31, 2020			68.28			67.65
(2) Non-consolidated financial position
		Total assets	Net assets		Equity-to-asset ratio	Net assets per share
	As of	Millions of yen	Millions of yen		%		Yen
	July 31, 2021			18,052			14,076		77.9		653.94
	July 31, 2020			14,964			12,994		86.8		596.65
Reference: Equity
	As of July 31, 2021:	¥14,061 million
	As of July 31, 2020:	¥12,994 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  The forward-looking statements, including business results forecasts, contained in this document are based on information currently available to the Company and certain assumptions deemed reasonable by the Company. Actual business results may differ considerably due to a variety of factors.
  The Company is to hold a briefing for analysts and institutional investors on Thursday, September 9, 2021.

Appendix

Index

1. Overview of Operating Results ………………………….……………………………………………………	2
(1)	Overview of Operating Results for the Fiscal Year Ended July 31, 2021 …………………………………	2
(2)	Overview of Financial Position for the Fiscal Year Ended July 31, 2021 …………………………………	4
(3)	Overview of Cash Flows for the Fiscal Year Ended July 31, 2021 ………………………………………..	4

1. Future Outlook …………………………………………………………………………………………….. 4
2. Basic Policy on Distribution of Profit and Dividends for the Fiscal Years

	Ended July 31, 2021 and Ending July 31, 2022 ……………………………………………………………	4
2. Basic Approach to Selection of Accounting Standards ………………………………………………………..	5
3. Consolidated Financial Statements and Notes …………………………………………………………………	6
(1)	Consolidated Balance Sheet ………………………………………………………………………………..	6
(2)	Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ….…………	8
(3)	Consolidated Statement of Changes in Equity ……………………………………………………………..	10
(4)	Consolidated Statement of Cash Flows ……………………………………………………………………	12
(5)	Notes to Consolidated Financial Statements ……………………………………………………	13
	Notes on Going Concern Assumption ……………………………………………………………………...	13
	Changes in Accounting Estimates …………………………………………………………………………	13
	Segment Information and Other Data ……………………………………………………………………...	13
	Per share information ………………………………………………………………………………………	14
	Significant Subsequent Events ……………………………………………………………………………..	14

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