Iida : Summary of Consolidated Financial Results for the Three Months Ended June 30, 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.

August 10, 2021

Summary of Consolidated Financial Results

for the Three Months Ended June 30, 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: August 10, 2021

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 three months ended June 30, 2021

(from April 1, 2021 to June 30, 2021)

（１）Consolidated Operating Results (Cumulative)

（Percentages indicate year-on-year changes）

Profit before income

Profit attributable to

Total comprehensive

Revenue

Operating profit

Net profit

owners of the parent

taxes

company

income

Three months ended

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

of yen

of yen

of yen

of yen

of yen

of yen

June 30, 2021

332,416

3.2

41,376

162.8

40,278

148.9

27,754

151.0

27,610

152.4

27,324

150.9

June 30, 2020

321,971

7.6

15,743

(22.2)

16,182

(15.3)

11,057

(13.9)

10,939

(14.1)

10,889

10.7

Basic earnings per share

Diluted earnings per share

Three months ended

Yen

Yen

June 30, 2021

95.75

－

June 30, 2020

37.93

－

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

Total assets

Total equity

owners of the parent

to owners of the parent

company

company to total assets

As of

Millions of yen

Millions of yen

Millions of yen

％

June 30, 2021

1,494,819

874,704

872,690

58.4

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

－

March 31, 2022

37.00

－

37.00

74.00

(Forecast)

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

－ 1 －

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 income				Profit attributable to	Basic
	Revenue		Operating profit	Net profit		owners of the parent	earnings per
		taxes
										company		share
	Millions of	％	Millions of	％	Millions of	％	Millions of	％	Millions of	％	Yen
	yen		yen		yen		yen		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

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

－ 2 －

• 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
(2) Changes in accounting policies and accounting estimates
① 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 June 30, 2021	294,431,639shares As of March 31, 2021	294,431,639 shares
of the period (including treasury stock)
② Number of treasury stock at the end of	As of June 30, 2021	6,052,190 shares As of March 31, 2021	6,051,965 shares
the period
③ Average number of shares during the	Three months ended		Three months ended
period (Cumulative from the beginning	288,379,582shares	288,380,682 shares
June 30, 2021	June 30, 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 1Q financial results will be posted on our website on August 10, 2021.

－ 3 －

Condensed Quarterly Consolidated Financial Statements

Condensed Quarterly Consolidated Statement of Financial Position

		(Unit: Millions of yen)
	As of March 31, 2021	As of June 30, 2021
Assets
Current assets
Cash and deposit	550,587	548,677
Trade and other receivables	7,670	7,914
Contract assets	5,323	7,872
Inventories	478,492	494,955
Operating loans and operating accounts receivable	33,131	30,945
Income taxes receivable	8,475	8,475
Other financial assets	2,845	3,225
Other current assets	9,920	11,496
Total current assets	1,096,446	1,113,564
Non-current assets
Property, plant, and equipment	104,698	107,139
Right-of-use assets	19,149	19,150
Goodwill	199,776	199,776
Intangible assets	2,100	1,832
Other financial assets	39,356	39,876
Deferred tax assets	13,064	13,136
Other non-current assets	339	343
Total non-current assets	378,485	381,255
Total assets	1,474,931	1,494,819

－ 4 －

		(Unit: Millions of yen)
	As of March 31, 2021	As of June 30, 2021
Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings	200,932	223,488
Lease liabilities	5,624	5,961
Trade and other payables	108,169	111,469
Other financial liabilities	9,824	4,747
Income taxes payables	26,594	13,214
Contract liabilities	6,740	8,578
Other current liabilities	22,644	18,280
Total current liabilities	380,529	385,739
Non-current liabilities
Bonds and borrowings	200,250	200,039
Lease liabilities	14,889	14,534
Other financial liabilities	1,381	1,654
Retirement benefit liabilities	10,641	10,750
Provisions	6,177	6,141
Deferred tax liabilities	462	450
Other non-current liabilities	728	804
Total non-current liabilities	234,532	234,375
Total liabilities	615,061	620,114
Equity
Capital stock	10,000	10,000
Capital surplus	418,161	418,161
Retained earnings	445,464	460,675
Treasury stock	(13,205)	(13,206)
Other components of equity	(2,508)	(2,939)
Equity attributable to owners of the parent company	857,911	872,690
Non-controlling interests	1,958	2,014
Total equity	859,869	874,704
Total liabilities and equity	1,474,931	1,494,819

－ 5 －