Megmilk Snow Brand : Summary of Financial Results for First Quarter of FY2021

millions of yen 383,825 370,434

Consolidated Financial Results for the Three Months Ended June 30, 2020

(Prepared pursuant to Japanese GAAP)

	August 12, 2020
Company name:	MEGMILK SNOW BRAND Co., Ltd.
Stock exchange listing:	Tokyo Stock Exchange (First Section), Sapporo Securities Exchange
Stock code:	2270
URL:	https://www.meg-snow.com/english
Representative:	Keiji Nishio, Representative Director and President
Contact:	Kentaro Watanabe, General Manager, Public Relations & Investor
	Relations Department
Phone:	[phone]
	(Amounts rounded down to the nearest million yen)

1. Consolidated Results for the First Three Months of the Fiscal Year Ending March 31, 2021 (April 1, 2020 - June 30, 2020)

(1) Consolidated Operating Results		(Percentages indicate year-on-year changes)
Net sales	Operating profit	Ordinary profit	owners of parent
millions of yen %	millions of yen %	millions of yen %	millions of yen	%

Three months ended	156,298	1.0	5,026	(0.8)	5,474	(7.1)
June 30, 2020
Three months ended	154,698	2.5	5,069	6.5	5,894	16.8
June 30, 2019
Note: Comprehensive income: Three months Ended June 30, 2020	: 3,721 million yen (17.0%)
	Three months Ended June 30, 2019	: 3,180 million yen (-4.6%)
	Profit		Profit
	per share - basic	per share - diluted

3,176 (16.9)

3,825 13.2

Three months ended

June 30, 2020

Three months ended

June 30, 2019

(2) Consolidated Financial Position

yen

46.93

56.50

Total assets

yen

－

－

Net assets

Equity ratio

Net asset per share

June 30, 2020

March 31, 2020

For reference:

Equity: June 30, 2020 : 176,161 million yen March 31, 2020 : 175,112 million yen

millions of yen	%
179,105	45.9
178,094	47.3

yen 2,602.36 2,586.86

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2. Dividends

Record date or period	End-Q1	End-Q2	End-Q3	Year-end	Total
	yen	yen	yen	yen	yen
Year ended	－	－	－	40.00	40.00
March 31,2020
Year ending	－
March 31,2021
Year ending				40.00	40.00
March 31,2021		－	－
(forecast)

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2021 (April 1, 2020 - March 31, 2021)

		(Percentages indicate year-on-year changes)
Net sales	Operating profit	Ordinary profit	Profit attributable to	Profit per
owners of parent		share
millions of yen	% millions of yen	% millions of yen	% millions of yen	%	yen

Second quarter-	312,000	0.1	9,400	(11.6)
end(Cumulative)
Full Year	620,000	1.1	19,000	5.6

Note: Revisions from the latest release of earnings forecasts: None

10,200	(13.1)	6,400	(16.9)	94.54
20,500	4.2	13,000	6.9	192.04

Notes

1. Material reclassifications of subsidiaries during the period: None
2. Accounting methods specific to quarterly consolidated financial statements: None
3. Changes in accounting policy, changes in accounting estimates, and retrospective restatement

1. Changes in accordance with amendments to accounting standards, etc.: None
2. Changes other than noted in 1) above: None
3. Changes in accounting estimates: None
4. Retrospective restatement: None

1. Common stock issued

1. Issued shares as of period-end (including treasury stock)
2. Treasury stock as of period-end

March 31, 2020	3,058,747 shares
3) Average number of shares (during the respective period)
Three months ended June 30, 2020	67,693,013 shares

*This summary of financial statements is not subject to audit by certified public accountant and auditing firm.

*Appropriate Use of Earnings Forecasts and Other Important Information (Earnings Forecasts)

Business forecasts contained in this report are based on the assumptions of management in the light of information available as of the release of this report. MEGMILK SNOW BRAND makes no assurances as to the actual results, which may differ from forecasts due to various factors such as changes in the business environment.

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