Iida : Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (Based on IFRS)

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 Fiscal Year

Ended March 31, 2021 (Based on IFRS)

May 14, 2021

Company name:	Iida Group Holdings Co., Ltd.
Listing:	Tokyo Stock Exchange (First Section)
Stock code:	3291
URL:	https://www.ighd.co.jp/
Representative:	Masashi Kanei, President and Representative Director
For Inquiry:	Hiroshi Nishino, Executive Board Director
	Tel: [phone]

Scheduled Date to General Shareholder's Meeting：June 25, 2021

Scheduled Date to Commencing Dividend Payments：28 June, 2021

Scheduled Date to Filing Securities Report：June 28, 2021

Supplementary Materials on Financial Results：Yes

Holding of financial results briefing：Yes（Video streaming service only）

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

１．Consolidated financial results for the fiscal year ended March 31, 2021

（From April 1, 2020 to March 31, 2021）

（１）Consolidated Operating Results (Cumulative)

（Percentages indicate year-on-year changes）

Profit before income

Profit to attributable to

Total comprehensive

Revenue

Operating profit

Net profit

owners of the parent

taxes

income

company

Fiscal year ended

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

of yen

of yen

of yen

of yen

of yen

of yen

March 31, 2021

1,456,199

3.9

121,263

45.2

119,685

51.9

83,770

54.8

83,316

55.0

83,450

62.2

March 31,2020

1,402,019

4.2

83,513

(14.0)

78,766

(16.3)

54,103

(17.4)

53,752

(17.9)

51,449

(20.9)

Ratio of profit

Profit before income taxes

Operating income to net

Basic earnings per share

Diluted earnings per share

attributable to owners of

to total assets ratio

sales ratio

the parent company

Fiscal year ended

Yen

Yen

％

％

％

March 31,2021

288.91

－

10.1

7.9

8.3

March 31,2020

186.39

－

6.9

5.4

6.0

（２）Consolidated Financial Position

	Total assets	Total equity	Equity attributable to owners	Ratio of equity attributable	Equity attributable to
	of the parent company	to owners of the parent	owners of the parent
			company to total assets	company per share
As of	Millions of yen	Millions of yen	Millions of yen	％	Yen
March 31,2021	1,474,931	859,869	857,911	58.2	2,974.94
March 31,2020	1,536,537	794,639	793,068	51.6	2,750.07

（３）Consolidated Cash Flow

	Operating activities	Investing activities	Financing activities	Cash and cash equivalents at the
	end of period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31,2021	322,982	(11,404)	(147,361)	548,664
March 31,2020	17,392	(30,244)	60,096	384,335

２．Cash dividends

		Annual dividends per share				Dividend	Ratio of dividend
				Total	attributable to
							payout ratio
							dividends	owners of the
	1Q	2Q	3Q		4Q	Total	(consolidated)
		(annual)		parent company
									(consolidated)
Fiscal year ended	Yen	Yen	Yen		Yen	Yen	Millions	％	％
	of yen
March 31,2020	－	31.00	－		31.00	62.00	17,879	33.3	2.3
March 31,2021	－	31.00	－		43.00	74.00	21,340	25.6	2.6
March 31,2022	－	37.00	－		37.00	74.00		24.8
（Forecast）

３．Forecast of the consolidated financial results for the year ending March 31, 2022 (From April 1, 2021 to March 31, 2022）

（Percentages indicate year-on-year changes）

						Profit before income			Profit attributable to	Basic earnings
	Revenue		Operating profit	Net profit	owners of the parent
		taxes		per share
									company
	Millions		％	Millions	％	Millions		％	Millions	％	Millions		％	Yen
	of yen		of yen	of yen		of yen	of yen
2Q（Cumulative）	695,000		(5.9)	61,000	15.9	59,000		15.1	41,000	17.4	41,000		18.1	142.17
Full year	1,470,000		0.9	128,000	5.6	125,000		4.4	86,000	2.7	86,000		3.2	298.22

－ 2 －

• Notes

（１）Changes of significant subsidiaries during the fiscal year ended March 31, 2021 (Changes in specified subsidiaries resulting in the change in scope of consolidation): No

Added: None

Excluded: None

（２）Changes in accounting policies and accounting estimates

• Changes in accounting policies required by IFRS: Yes
  ② Changes in accounting policies other than the above : No
  ③ Changes in accounting estimates: No

（３）The number of issued shares （common stock）

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

• Number of treasury shares at the end of the period

• Average number of shares during the period (Cumulative from the beginning of the fiscal year)

As of March 31,	294,431,639	As of March 31,	294,431,639
2021	shares	2020	shares
As of March 31,	6,051,965	As of March 31,	6,050,899
2021	shares	2020
shares
As of March 31,	288,380,297	As of March 31,	288,381,175
2021	shares	2020	shares

• This report is exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Explanation of appropriate use of financial results forecast and other remarks (Cautionary note on forward-looking statement)
  Financial results forecast and other forward-looking statements contained in this report are based on information available to the
  Company and certain assumptions judged to be reasonable on the date of this report's announcement, and they do not constitute the Company's intention to promise the accomplishment of the forecasts. In addition, actual results may differ significantly from the forecast due to various factors.
  (How to obtain supplementary materials for financial results）
  We stop holding a financial result briefing session for institutional investors and securities analysts from the viewpoint of preventing the spread of new coronavirus infection. On the other hand, the video streaming briefing is held on May 17, 2021. The supplementary materials for financial results will be posted on our website on May 14, 2021.

－ 3 －

Consolidated Financial Statements

Consolidated Statement of Financial Position

		（Unit：Millions of yen）
	As of March	As of March
	31, 2020	31, 2021
Assets
Current assets
Cash and deposit	387,003	550,587
Trade and other receivables	6,887	7,670
Contract assets	4,183	5,323
Inventories	709,240	478,492
Operating loans and operating accounts receivable	38,606	33,131
Income taxes receivable	8,613	8,475
Other financial assets	3,841	2,845
Other current assets	12,159	9,920
Total current assets	1,170,535	1,096,446
Non-current assets
Property, plant and equipment	102,258	104,698
Right-of-use assets	16,887	19,149
Goodwill	199,776	199,776
Intangible assets	1,750	2,100
Other financial assets	33,003	39,356
Deferred tax assets	11,964	13,064
Other non-current assets	361	339
Total non-current assets	366,001	378,485
Total assets	1,536,537	1,474,931

－ 4 －

		（Unit：Millions of yen）
	As of March	As of March
	31, 2020	31, 2021
Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings	321,592	200,932
Lease liabilities	4,574	5,624
Trade and other payables	138,055	108,169
Other financial liabilities	10,101	9,824
Income taxes payables	13,023	26,594
Contract liabilities	5,533	6,740
Other current liabilities	16,753	22,644
Total current liabilities	509,635	380,529
Non-current liabilities
Bonds and borrowings	202,438	200,250
Lease liabilities	13,589	14,889
Other financial liabilities	1,309	1,381
Retirement benefit liabilities	9,489	10,641
Provisions	4,608	6,177
Deferred tax liabilities	569	462
Other non-current liabilities	257	728
Total non-current liabilities	232,262	234,532
Total liabilities	741,897	615,061
Equity
Capital stock	10,000	10,000
Capital surplus	418,941	418,161
Retained earnings	379,073	445,464
Treasury stock	(13,203)	(13,205)
Other components of equity	(1,743)	(2,508)
Equity attributable to owners of the parent company	793,068	857,911
Non-controlling interests	1,571	1,958
Total equity	794,639	859,869
Total liabilities and equity	1,536,537	1,474,931

－ 5 －