Iida : Summary of Consolidated Financial Results for the Nine Months Ended December 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.

February 14, 2022

	Summary of Consolidated Financial Results
	for the Nine Months Ended December 31, 2021 (Based on IFRS)
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 file quarterly securities report: February 14, 2022

Scheduled date to commence dividend payments: －

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results meeting: No

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

１．Consolidated financial results for the first nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)

（１）Consolidated Operating Results (Cumulative)

(Percentages indicate year-on-year change.)

Profit before

Profit attributable

Total

Revenue

Operating profit

Net profit

to owners of the

comprehensive

income taxes

parent company

profit

Nine months ended

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

of yen

of yen

of yen

of yen

of yen

of yen

December 31, 2021

1,026,418

(6.8)

121,642

40.2

120,458

41.9

81,832

41.5

81,422

41.7

81,618

41.4

December 31, 2020

1,101,832

13.7

86,758

32.9

84,861

34.5

57,828

34.0

57,471

34.1

57,713

43.5

Basic earnings per share

Diluted earnings per share

Nine months ended

Yen

Yen

December 31, 2021

282.35

－

December 31, 2020

199.29

－

Note: "Basic earnings per share" is calculated based on "Profit attributable to owners of the parent company."

（２）Consolidated financial position

Equity attributable to

Ratio of equity

attributable to owners

Total assets

Total equity

owners of the parent

of the parent company

company

to total assets

As of

Millions of yen

Millions of yen

Millions of yen

％

December 31, 2021

1,575,063

916,021

913,741

58.0

March 31, 2021

1,474,931

859,869

857,911

58.2

２．Cash dividends

Annual dividends per share

1Q

2Q

3Q

4Q

Total

Yen

Yen

Yen

Yen

Yen

March 31, 2021

－

31.00

－

43.00

74.00

March 31, 2022

－

45.00

－

March 31, 2022

45.00

90.00

(Forecast)

Note: Revisions to the forecasts of cash dividends most recently announced: No

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

(Percentages indicate year-on-year changes. )

Profit before

Profit attributable

Total

Revenue

Operating profit

Net profit

to owners of the

comprehensive

income taxes

parent company

profit

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

Yen

of yen

of yen

of yen

of yen

of yen

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

Note: Revisions to the consolidated financial results forecasts most recently announced: No

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• Notes

(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No

Added: None Excluded: None

1. Changes in accounting policies and accounting estimates

• Changes in accounting policies due to transitioning to IFRS: Yes

② Changes in accounting policies due to other reasons: No

③ Changes in accounting estimates: No

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

①	Total number of issued shares at the end	As of December 31, 2021	294,431,639Shares	As of March 31, 2021	294,431,639Shares
	of the period (including treasury stock)
②	Number of treasury stock at the end of
As of December 31, 2021	6,052,454Shares	As of March 31, 2021	6,051,965Shares
	the period
③	Average number of shares during the
Nine months ended		Nine months ended
	period (Cumulative from the beginning	288,379,442Shares	288,380,456Shares
	December 31, 2021	December 31, 2020
	of the fiscal year)

※ Quarterly financial results reports are 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）

The supplementary materials for the quarterly financial results will be posted on our website on February 14, 2022.

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Condensed Quarterly Consolidated Financial Statements

Condensed Quarterly Consolidated Statement of Financial Position

		（Unit: Millions of yen)
	As of March 31, 2021	As of December 31, 2021
Assets
Current assets
Cash and deposit	550,587	537,210
Trade and other receivables	7,670	12,357
Contract assets	5,323	8,813
Inventories	478,492	584,314
Operating loans and operating accounts receivable	33,131	25,956
Income taxes receivable	8,475	－
Other financial assets	2,845	3,950
Other current assets	9,920	15,600
Total current assets	1,096,446	1,188,204
Non-current assets
Property, plant, and equipment	104,698	110,060
Right-of-use assets	19,149	19,436
Goodwill	199,776	199,776
Intangible assets	2,100	1,798
Other financial assets	39,356	42,389
Deferred tax assets	13,064	13,040
Other non-current assets	339	357
Total non-current assets	378,485	386,859
Total assets	1,474,931	1,575,063

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		(Unit: Millions of yen）
	As of March 31, 2021	As of December 31, 2021
Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings	200,932	243,307
Lease liabilities	5,624	6,009
Trade and other payables	108,169	128,674
Other financial liabilities	9,824	6,098
Income taxes payables	26,594	21,370
Contract liabilities	6,740	8,516
Other current liabilities	22,644	10,648
Total current liabilities	380,529	424,624
Non-current liabilities
Bonds and borrowings	200,250	199,137
Lease liabilities	14,889	15,001
Other financial liabilities	1,381	960
Retirement benefit liabilities	10,641	11,217
Provisions	6,177	6,750
Deferred tax liabilities	462	292
Other non-current liabilities	728	1,057
Total non-current liabilities	234,532	234,417
Total liabilities	615,061	659,042
Equity
Capital stock	10,000	10,000
Capital surplus	418,161	418,161
Retained earnings	445,464	501,622
Treasury stock	(13,205)	(13,207)
Other components of equity	(2,508)	(2,835)
Equity attributable to owners of the parent company	857,911	913,741
Non-controlling interests	1,958	2,280
Total equity	859,869	916,021
Total liabilities and equity	1,474,931	1,575,063

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