Mitsui Matsushima : Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (Japanese GAAP)

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(Japanese GAAP)

				May 12, 2021
Company:	Mitsui Matsushima Holdings Co., Ltd.		Listed on the TSE 1/FSE
Stock code:	1518	URL:	http://www.mitsui-matsushima.co.jp/
Representative:	Taishi Yoshioka, Representative Director and President
Contact:	Yoshitaka Wada, Executive Officer, in Charge of Accounting	(TEL. [phone])
	Department

Expected date of annual general	June 18, 2021 Expected date of dividend payment: May 28, 2021
meeting of shareholders:
Expected date of filing of annual	June 18, 2021
securities report:
Supplementary materials for the	Yes (Presentation of Financial Results for the Fiscal Year Ended March 2021)
financial results:
Financial results explanation meeting:	Yes (For securities analysts and institutional investors)
	(Note: Figures are rounded down to the nearest million yen.)

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

(1) Consolidated results of operations

(%: Change from the previous fiscal year)

Net sales

Operating profit

Ordinary profit

Net profit attributable to

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

FY2020

57,378

(13.8)

1,946

(29.0)

3,020

0.8

(3,035)

－

FY2019

66,596

(12.0)

2,741

(47.3)

2,995

(49.3)

2,292

2.3

(Note)

Comprehensive income FY2020

FY2019

(2,125) (-%)

706 million yen (-%)

Net profit per

Diluted net profit

Ratio of ordinary

Ratio of operating

Return on equity

profit to total

share

per share

profit to net sales

assets

yen

sen

yen sen

%

%

%

FY2020

(233.43)

－

(9.6)

4.5

3.4

FY2019

176.26

－

7.0

5.0

4.1

(Reference)

Equity in net

FY2020

FY2019

income of affiliates

34 million yen

80 million yen

(2) Consolidated financial position

Total assets

Net assets

Shareholders' equity

Net assets per share

ratio

Million yen

Million yen

%

yen

sen

FY2020

70,618

30,287

42.8

2,322.61

FY2019

63,155

33,001

52.3

2,537.64

(Reference)

Shareholders'

FY2020

FY2019

equity

30,209 million yen

33,001 million yen

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents at end of

operating activities

investing activities

financing activities

period

Million yen

Million yen

Million yen

Million yen

FY2020

6,807

(2,568)

4,259

19,293

FY2019

2,287

(7,722)

4,813

10,188

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2. Dividends

			Annual dividend per share			Dividend	Ratio of
			End of 2Q	End of			Total	payout ratio	dividend to
	End of 1Q		3Q	Year-end	Total	dividends	(Consolidat	net assets
		(Annual)	(Consolidat
							ed)
								ed)
	yen	sen	yen sen	yen sen	yen sen	yen sen	Million yen	%	%
FY2019		－	－	－	50.00	50.00	653	28.4	2.0
FY2020		－	－	－	50.00	50.00	653	－	2.1
FY2021 (forecast)		－	－	－	50.00	50.00		32.5

3. Forecast of consolidated financial results for the fiscal year ending March 2022 (April 1, 2021 through March 31, 2022)

							(%: Changes from the previous fiscal year)
								Net profit		Net profit per
		Net sales	Operating profit	Ordinary profit	attributable to
			share
								owners of parent
		Million yen	%	Million yen	%	Million yen	%	Million yen		%	yen sen
Full Year		39,900	(30.5)	3,000	54.1	2,900	(4.0)	2,000		－	153.77
(Note)	The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29) and other standards are applied from the

beginning of the year ending March 2022, so the consolidated financial forecasts for the period above are values after the said and other accounting standards are applied. In the case where the Accounting Standard for Revenue Recognition and other standards are not applied, net sales total 65,800 million yen (an increase of 14.7% Yr/Yr)

*Notes
(1) Material changes in subsidiaries during the period (changes in the number of
specified subsidiaries accompanying a change in the scope of consolidation)	:	None
Newly included subsidiaries: - ; Excluded:
(2) Changes in accounting principles, changes in accounting estimates and restatements
1)	Changes in accounting principles due to revision of accounting standards	:	None
2)	Changes in accounting principles due to reasons other than 1)	:	None
3)	Changes in accounting estimates	:	None
4)	Restatements	:	None

(3) Shares outstanding (common stocks)

1. Number of shares outstanding at the end of the period (treasury stocks included)
2. Number of treasury stocks at the end of the period
3. Average number of shares during the period (cumulative total)

FY2020	13,064,400	FY2019	13,064,400
shares	shares
FY2020	57,561 shares	FY2019	59,658 shares
FY2020	13,006,184	FY2019	13,004,875
shares	shares

(Note) The number of treasury stocks to be deducted for calculating the number of treasury stocks at the end of the period includes the Company's stocks held by the Board Benefit Trust (BBT) (FY2020: 57,000 shares; FY2019: 59,200 shares).

The number of treasury stocks to be deducted for calculating the average number of shares during the period include the Company's stocks held by the Board Benefit Trust (BBT) (FY2020: 57,677 shares; FY2019: 59,200 shares).

(Reference) Summary of non-consolidated financial results

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

(1) Non-consolidated results of operations

(%: Change from the previous fiscal year)

	Net sales		Operating profit	Ordinary profit	Net profit
	Million yen		%	Million yen	%	Million yen	%	Million yen		%
FY2020	3,493		(7.7)	1,970	(7.2)	2,309	19.0	969		(57.3)
FY2019	3,783		(86.3)	2,122	－	1,940	155.3	2,274		215.3

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	Net profit per share	Diluted net profit per
	share
	yen sen	yen sen
FY2020	74.57	－
FY2019	174.87	－

(2) Non-consolidated financial position

	Total assets	Net assets	Shareholders' equity	Net assets per share
	ratio
	Million yen	Million yen	%	yen sen
FY2020	43,998	24,364	55.4	1,873.20
FY2019	37,863	23,704	62.6	1,822.72

(Reference)	FY2020	FY2019
Shareholders'
24,364 million yen	23,704 million yen
equity

(Note)The Company shifted to a holding company structure as of October 1, 2018. Consequently, revenues (operating revenues) generated from businesses since the date of shifting to such structure are included in net sales.

• This report is exempt from audit procedures by certified public accountants or an accounting corporation.
• Explanation regarding the appropriate use of earnings forecasts and other important matters
  The forward-looking statements concerning future performance included in this report are based on the information available at the time of this report and certain assumptions we deemed reasonable. Therefore, actual results may differ significantly from these forward-looking statements due to various factors. For notes regarding the conditions that serve as assumptions for the earnings forecast and the use of the earnings forecast, please refer to "1. Outline of Operating Results (4) Future Prospects" on page 5 of the appended material.

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