JMDC : Summary of Financial Statements for the Fiscal Year Ended March 31, 2021 (Consolidated)

JMDC Inc. (4483)

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.

Summary of Financial Statements for the Fiscal Year

Ended March 31, 2021 [IFRS] (Consolidated)

	May 13, 2021
Company name:	JMDC Inc.
Listing:	Tokyo Stock Exchange
Stock code:	4483
URL:	https://www.jmdc.co.jp/en/index
Representative:	Yosuke Matsushima, President and CEO
Inquiries:	Yuta Yamamoto, Vice President and CFO
TEL:	[phone]

Scheduled date to hold an Ordinary General Meeting of Shareholders:	June 25, 2021
Scheduled date to commence dividend payments:	-
Scheduled date to file a Securities Report:	June 28, 2021
Preparation of supplementary material on financial results:	Yes
Holding of financial results presentation meeting:	Yes (for institutional investors
	and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

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

(1) Consolidated operating results					(Percentages indicate year-on-year changes.)
	Revenue		Operating profit	Profit before tax	Profit
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%
March 31, 2021	16,771		37.9	3,695		66.8	3,636		66.9	2,476		62.0
March 31, 2020	12,158		20.8	2,215		50.7	2,178		54.5	1,528		51.3
	Profit attributable to	Total comprehensive	Basic earnings	Diluted earnings
	owners of parent	income		per share		per share
Fiscal year ended	Millions of yen		%	Millions of yen		%			Yen			Yen
March 31, 2021	2,476		62.0	2,474		61.7			46.54			43.48
March 31, 2010	1,528		51.3	1,530		51.6			31.46			29.99
	Equity attributable to	Total assets		Revenue
	owners of parent	Ratio of profit (loss)
	Operating profit ratio
	Profit ratio	before tax
Fiscal year ended			%			%			Yen
March 31, 2021			12.0			8.6			22.0
March 31, 2010			15.9			9.5			18.2

Reference: Equity method profit (loss)	Fiscal year ended March 31, 2021	¥- million-
	Fiscal year ended March 31, 2020	¥- million
EBITDA	Fiscal year ended March 31, 2021	¥4,867 million [50.0%]
	Fiscal year ended March 31, 2020	¥3,245 million [37.6%]

Notes: 1. The Company conducted a 2-for-1 share split of its ordinary shares on October 9, 2019, and a 2-for-1 share split of its ordinary shares on October 1, 2020. Basic earnings per share and diluted earnings per share have been calculated assuming that each share split was conducted at the beginning of the previous fiscal year.

2. EBITDA: Operating profit + Depreciation and amortization ± Other income and/or expenses

					JMDC Inc. (4483)
(2) Consolidated financial position
	Total assets	Total equity	Equity attributable	Ratio of equity	Owners' equity
	attributable to
	to owners of parent	per share
			owners of parent
As of	Millions of yen	Millions of yen	Millions of yen	%	Yen
March 31, 2021	57,854	28,250	28,250	48.8	504.59
March 31, 2020	26,944	13,123	13,123	48.7	252.22

Note:	The Company conducted a 2-for-1 share split of its ordinary shares on October 9, 2019, and a 2-for-1 share split of
	its ordinary shares on October 1, 2020. Owners' equity per share has been calculated assuming that the share split
	was conducted at the beginning of the previous fiscal year.

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents
	(used in) operating	(used in) investing	(used in) financing
	balance at end of
	activities	activities	activities
	period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2021	3,176	(9,078)	18,107	19,898
March 31, 2020	3,146	(3,947)	4,858	7,692

2. Cash dividends

		Annual dividends				Ratio of
						Total	Payout ratio	owners'
						equity to
	First quarter-	Second	Third	Fiscal year-		dividend	(Consolidat
	Total	gross assets
	end	quarter-end	quarter-end	end	(Total)	ed)
		(Consolidat
								ed)
	Yen	Yen	Yen	Yen	Yen	Millions of	%	%
	yen
Fiscal year	-	0.00	-	0.00	0.00	-	-	-
ended
March 31, 2020
Fiscal year	-	0.00	-	0.00	0.00	-	-	-
ended March
31, 2021
Fiscal year
ending March	-	0.00	-	0.00	0.00		-
31, 2022
(Forecast)

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

(Percentages indicate year-on-year changes.)

											Profit		Basic
		Revenue	Operating profit	Profit before tax	Profit		attributable to	earnings per
											owners of parent	share
		Millions	%	Millions	%	Millions	%	Millions		%	Millions		%	Yen
		of yen	of yen	of yen	of yen		of yen
Six months ending		9,000	29.0	1,250	12.9	1,200	9.0	800		9.7	800		9.7	14.47
September 30
(cumulative)
Fiscal year ending		21,000	25.2	4,300	16.4	4,250	16.9	2,900		17.1	2,900		17.1	52.46
March 31, 2022
Reference: EBITDA	Six months ending September 30, 2021 (cumulative) ¥2,100 million [26.2%]
		Fiscal year ending March 31, 2022		¥5,900 million [21.2%]

JMDC Inc. (4483)

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
   Added companies: - (company name), Excluded companies: - (company name)
2. Changes in accounting policies and changes in accounting estimates

(i) Changes in accounting policies required by IFRS:	None
(ii) Changes in accounting policies due to other reasons:	None
(iii) Changes in accounting estimates:	None

1. Number of issued shares (ordinary shares)
2. 1. Total number of issued shares at end of the period (including treasury shares)

As of March 31, 2021	55,935,808 shares
As of March 31, 2020	51,950,084 shares

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

As of March 31, 2021	366 shares
As of March 31, 2020	46 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended March 31, 2021	53,202,450 shares
Fiscal year ended March 31, 2020	48,583,682 shares

Note: The Company conducted a 2-for-1 share split of its ordinary shares on October 9, 2019, and a 2-for-1 share split of its ordinary shares on October 1, 2020. Total number of issued shares at end of the period, number of treasury shares at end of the period and average number of shares outstanding during the period have been calculated assuming that each share split was conducted at the beginning of the previous fiscal year.

(Reference) Outline of non-consolidated financial results

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

(1) Non-consolidated operating results

		Revenue		Operating profit	Ordinary profit (loss)	Profit
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen	%
March 31, 2021	6,318		32.9	1,098		24.9	1,035	24.7	734	37.5
March 31, 2020	4,755		32.1	879		13.7	830	10.2	534	38.0
		Basic earnings	Diluted earnings
		per share		per share
Fiscal year ended			Yen			Yen
March 31, 2021			13.80			12.89
March 31, 2010			10.99			10.48
Note:	The Company conducted a 2-for-1 share split of its ordinary shares on October 9, 2019, and a 2-for-1 share split of
	its ordinary shares on October 1, 2020. Basic earnings per share and diluted earnings per share have been calculated
	assuming that each share split was conducted at the beginning of the previous fiscal year.

				JMDC Inc. (4483)
(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
March 31, 2021	42,475	27,835	65.5	497.17
March 31, 2020	18,435	11,384	61.6	218.75

Reference: Equity	Fiscal year ended March 31, 2021	¥27,809 million
		Fiscal year ended March 31, 2020	¥11,364 million
Note:	The Company conducted a 2-for-1 share split of its ordinary shares on October 9, 2019, and a 2-for-1 share split of
	its ordinary shares on October 1, 2020. Net assets per share has been calculated assuming that the share split was
	conducted at the beginning of the previous fiscal year.

• Financial results reports are exempt from audits conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special items Notes on forward-lookingstatements
  The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. Actual business and other results may differ substantially due to various factors. For details regarding matters related to earnings forecasts, please refer to pages 4-5 of the attached materials.
  How to obtain supplementary documents on financial results
  Supplementary documents on financial results are released via TDnet on the same day.

		JMDC Inc. (4483)
Attached Material Index
1. Outline of business performance ..............................................................................................................	2
(1)	Outline of business performance for the fiscal year under review .....................................................	2
(2)	Outline of financial position for the fiscal year under review ............................................................	4
(3)	Outline of cash flows for the fiscal year under review.......................................................................	4
(4)	Future outlook ....................................................................................................................................	4
2. Basic approach to the selection of accounting principles .........................................................................	5
3. Consolidated financial statements and significant notes thereto...............................................................	6
(1)	Consolidated statement of financial position......................................................................................	6
(2)	Consolidated statement of profit or loss.............................................................................................	7
(3)	Consolidated statement of comprehensive income ............................................................................	8
(4)	Consolidated statement of changes in equity .....................................................................................	9
(5)	Consolidated statement of cash flows ..............................................................................................	11
(6)	Notes concerning the consolidated financial statements ..................................................................	12
	Notes on going concern assumption.................................................................................................	12
	Segment information, etc. ................................................................................................................	12
	Information per share .......................................................................................................................	14
	Significant subsequent events...........................................................................................................	14

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