Joshin Denki : Consolidated Financial Results for Nine-month Period of Fiscal Year Ending March 31, 2022 (Japanese GAAP)

Consolidated Financial Results for Nine-month Period of Fiscal Year Ending March 31, 2022

(Japanese GAAP)

			February 4, 2022
Company name: Joshin Denki Co., Ltd.		Stock Listing: Tokyo
Securities code:	8173	URL: https://www.joshin.co.jp/joshintop/ir_en.html
Representative:	(Title) Representative Director and President and Executive Officer	(Name) Ryuhei Kanatani
Contact:	(Title) Director and Executive Officer in charge of Financial Strategy,	(Name) Suguru Oshiro Phone:
	General Manager of Accounting (and Finance) Department	[phone]

Scheduled date for filing quarterly	February 10, 2022
securities report:
Quarterly material to supplement the financial results: None
Quarterly financial results conference:	None

Scheduled dividend payment date: ─

(Amounts rounded down to the nearest million yen)

1. Consolidated results for the nine-month period of FY2021 (April 1, 2021 to December 31, 2021)
(1) Consolidated operating results							(% indicates year-on-year change)
		Net sales		Operating income	Ordinary income	Net income attributable to
			owners of the parent
		Million yen		%	Million yen	%	Million yen	%	Million yen	%
Nine-month period of FY2021		307,056		-9.9	6,714	-46.4	7,571	-39.3	5,290	-33.1
Nine-month period of FY2020		340,823		7.7	12,521	72.8	12,471	73.4	7,902	63.3

Note: Comprehensive income: 5,734 million yen (39.4% decrease) in the nine-month period of FY2021

9,459 million yen (84.1% increase) in the nine-month period of FY2020

Net income

Diluted Net income

per share

per share

Nine-month period of FY2021

Yen

Yen

197.66

─

Nine-month period of FY2020

295.33

─

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Million yen

Million yen

%

December 31, 2021

242,568

98,199

40.5

March 31, 2021

210,321

99,303

47.2

Reference: Shareholders' equity: 98,199 million yen as of December 31, 2021

(3) Consolidated cash flow

99,303 million yen as of March 31, 2021

Net cash provided

Net cash used in

Net cash used in

Cash and cash

by operating

equivalents at end of the

investing activities

financing activities

activities

term

Nine-month period of FY2021

Million yen

Million yen

Million yen

Million yen

-1,731

-8,465

10,590

9,011

Nine-month period of FY2020

23,955

-4,360

-9,581

13,346

2. Dividends

Annual dividends per share

End of 1st quarter

End of 2nd quarter

End of 3rd quarter

Year-end

Full year

Yen

Yen

Yen

Yen

Yen

FY 2020

─

0.00

─

75.00

75.00

FY 2021

─

0.00

─

FY 2021 (Forecast)

75.00

75.00

Note: Revisions to the latest dividend forecasts: None

3. Forecast of Consolidated Operating Results for FY 2021 (April 1, 2021 to March 31, 2022)

									(% indicates year-on-year change)
									Net income attributable to	Net
	Net sales		Operating income	Ordinary income	income
		owners of the parent
									per share
	Million yen		%	Million yen		%	Million yen	%	Million yen	%	Yen
Full year	420,000		-6.5	12,000		-27.5	12,000	-27.5	8,000	-9.8	298.89
Note: Revisions to the latest dividend forecasts: None

• Notes:
• 1. Changes in significant subsidiaries during the nine-month period of FY 2021 (Changes in specified subsidiaries resulting in a change in the scope of consolidation): None
  2. Adoption of special accounting treatment pertaining to the preparation of consolidated quarterly financial statements: None
  3. Changes in accounting policies and changes or restatement of accounting estimates
  1. Changes in accounting policies due to amendments of accounting standards, etc.: Yes
  2. Changes in accounting policies other than 1): None
  3. Changes in accounting estimates: None
  4. Restatement: None
  1. Shares outstanding (Common stock)
  1. Number of shares outstanding (including treasury stock) as of the end of the term:

28,000,000 as of December 31, 2021

28,000,000 as of March 31, 2021

1. Number of shares of treasury stock: 1,229,846 as of December 31, 2021 1,243,169 as of March 31, 2021
2. Average number of shares during the term (nine-month period): 26,764,717 as of December 31, 2021

26,757,049 as of December 31, 2020

Note: The number of shares of treasury stock includes the Company shares held in the board incentive plan trust account as stated below.

51,475 as of December 31, 2021

65,070 as of March 31, 2021

• Quarterly summary of financial statements is not subject to quarterly reviews by a certified public accountant or an audit firm.
• Description concerning proper use of the forecast of financial results and other remarks:

The forecasts statements in this document concerning future figures including forecasts for financial results, etc. are based on currently available information and certain assumptions that the company considers reasonable. The achievement of such forecasts is not guaranteed by the company. Actual results may vary significantly from such forecasts due to a variety of factors.