Iida : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (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 9, 2022

	Summary of Consolidated Financial Results
	for the Three Months Ended June 30, 2022 (Based on IFRS)
Company name:	Iida Group Holdings Co., Ltd.
Listing:	Tokyo Stock Exchange (Prime Market)
Stock code:	3291
URL:	https://www.ighd.co.jp/
Representative:	Masashi Kanei, President and Representative Director
For Inquiry:	Hiroshi Nishino, Executive Board Director and Representative Director
	Tel: [phone]

Scheduled date to file quarterly securities report: August 9, 2022

Scheduled date to commencing 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, 2022

(from April 1, 2022 to June 30, 2022)

（１）Consolidated Operating Results (Cumulative)

(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

Three months ended

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

Millions

％

of yen

of yen

of yen

of yen

of yen

of yen

June 30, 2022

325,372

(2.1)

31,797

(23.2)

32,599

(19.1)

23,067

(16.9)

23,484

(14.9)

23,145

(15.3)

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

Basic earnings per share

Diluted earnings per share

Three months ended

Yen

Yen

June 30, 2022

81.49

－

June 30, 2021

95.75

－

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

％

June 30, 2022

1,692,638

940,101

938,999

55.5

March 31, 2022

1,696,098

930,559

928,870

54.8

２．Cash dividends

Annual dividends per share

1Q

2Q

3Q

4Q

Total

Yen

Yen

Yen

Yen

Yen

March 31, 2022

－

45.00

－

45.00

90.00

March 31, 2023

－

March 31, 2023

45.00

－

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, 2023 (from April 1, 2022 to March 31, 2023)

(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
	Millions		％	Millions	％	Millions	％	Millions	％	Millions	％	Yen
	of yen		of yen	of yen	of yen	of yen
2Q (Cumulative)	740,000		8.4	68,000	(20.7)	66,000	(21.8)	45,000	(22.7)	45,000	(22.4)	156.14
Full year	1,550,000		11.8	140,000	(8.7)	137,000	(10.0)	95,000	(8.6)	95,000	(8.1)	329.64

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

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※ Note

（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

• 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, 2022	288,379,057	As of March 31, 2022	294,431,639
	of the period (including treasury stock)		Shares	Shares
②	Number of treasury stock at the end of
	As of June 30, 2022	548,640	As of March 31, 2022	6,052,582
	the period		Shares	Shares
③	Average number of shares during the
	Three months ended	288,195,578	Three months ended	288,379,582
	period (Cumulative from the beginning
		June 30, 2022	Shares	June 30, 2021	Shares
	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 9, 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, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposit	561,261	478,210
Trade and other receivables	14,575	16,611
Contract assets	5,095	7,342
Inventories	615,053	680,908
Operating loans and operating accounts receivable	26,234	23,089
Income taxes receivable	13,233	13,180
Other financial assets	4,256	8,460
Other current assets	22,294	20,369
Total current assets	1,262,005	1,248,173
Non-current assets
Property, plant, and equipment	128,201	136,669
Right-of-use assets	21,397	20,021
Goodwill	220,222	221,709
Intangible assets	3,829	3,683
Other financial assets	44,796	46,883
Deferred tax assets	15,232	15,029
Other non-current assets	412	468
Total non-current assets	434,092	444,464
Total assets	1,696,098	1,692,638

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		(Unit: Millions of yen)
	As of March 31, 2022	As of June 30, 2022
Liabilities and equity
Liabilities
Current liabilities
Bonds and borrowings	248,665	271,672
Lease liabilities	6,563	6,390
Trade and other payables	134,851	136,702
Other financial liabilities	13,787	5,618
Income taxes payables	33,054	9,837
Contract liabilities	9,670	9,979
Other current liabilities	21,575	21,095
Total current liabilities	468,169	461,297
Non-current liabilities
Bonds and borrowings	251,767	246,998
Lease liabilities	17,113	15,991
Other financial liabilities	7,245	7,668
Retirement benefit liabilities	11,866	11,835
Provisions	6,718	6,491
Deferred tax liabilities	1,434	1,010
Other non-current liabilities	1,223	1,242
Total non-current liabilities	297,370	291,238
Total liabilities	765,539	752,536
Equity
Capital stock	10,000	10,000
Capital surplus	411,754	398,077
Retained earnings	523,545	535,017
Treasury stock	(13,207)	(1,120)
Other components of equity	(3,222)	(2,975)
Equity attributable to owners of the parent company	928,870	938,999
Non-controlling interests	1,689	1,102
Total equity	930,559	940,101
Total liabilities and equity	1,696,098	1,692,638

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