Port : Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

English Translation

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.

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2021

[Japanese GAAP]

				May 13, 2021
Company name:	PORT INC.	Stock exchange listing:	Tokyo Stock Exchange Mothers,
Fukuoka Stock Exchange Q-Board
Securities code:	7047	URL: https://www.theport.jp/
Representative:	Hirofumi Kasuga, President
Inquiries:	Yusuke Maruyama, Executive Vice President	TEL: [phone]
Date of general shareholders' meeting (as planned):2021-06-24
Dividend payable date (as planned):		―
Annual securities report filing date (as planned): 2021-06-25
Supplemental material of annual results:	Yes
Convening briefing of annual results:		Yes

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

(April 1, 2020 to March 31, 2021)

1. Consolidated Operating Results (% indicates changes from the previous corresponding period.)

									Net income
	Net sales	EBITDA※	Operating income	Ordinary income	attributable to
									owners of parent
Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Million yen	%
March 31, 2021	4,704	14.6	188	(76.2)	(66)	―	(62)	―	(52)	―
March 31, 2020	4,103	35.0	792	29.0	699	29.0	708	36.9	382	(30.3)

(Notes) Comprehensive income: As of March 31, 2021	(52)Million yen	(	― % )
	As of March 31, 2020	― Million yen	(	― % )
	Net income per	Diluted net	Rate of return	Ratio of ordinary	Ratio of operating
	income per		income to total	income to net
	share	on equity
	share		assets	sales
Fiscal year ended	Yen	Yen	%		%	%
March 31, 2021	(4.70)	―	(2.5)		(1.0)	(1.4)
March 31, 2020	33.92	32.43	18.1		17.9	17.1

※EBITDA＝Operating income ＋Depreciation＋Amortization

(Notes) 1.Since we have prepared quarterly consolidated financial statements from the Second Quarter of the current consolidated fiscal year, we disclose the figures for the fiscal year ending March 2020 instead of the consolidated fiscal year ending March 2020.

2.Diluted net income per share for the fiscal year ending March 2021 is not stated because it is a net loss per share, although there are potential shares.

(2) Consolidated Financial Position

	Total assets		Net assets	Equity ratio	Net assets
		per share
	Million yen	Million yen	%	Yen
As of March 31, 2021	6,378	2,078	32.5	184.38
As of March 31, 2020	3,962	2,116	53.3	188.82
(Reference)Equity: As of March 31, 2021	2,074 Million yen
As of March 31, 2020	2,111 Million yen

(3) Consolidated Cash Flows

	Cash flows	Cash flows	Cash flows	Cash and cash
	from operating	from investing	from financing	equivalents at
	activities	activities	activities	end of period
	Million yen	Million yen	Million yen	Million yen
March 31, 2021	129	(1,432)	1,450	2,411
March 31, 2020	668	2	(52)	2,264

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2. Dividends

			Annual dividends			Total	Payout	Dividends
							to
	1st		2nd	3rd	Year-end	Total	dividends	ratio
		net assets
	quarter-end	quarter-end	quarter-end
Fiscal year ended		Yen	Yen	Yen	Yen	Yen	Million yen	%	%
March 31, 2020		―	0.00	―	0.00	0.00	―	―	―
March 31, 2021		―	0.00	―	0.00	0.00	―	―	―
Fiscal year ending
March 31, 2021		―	―	―	―	―		―
(Forecast)

The dividend forecast for the fiscal year ending March 2022 is undecided.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

Income before

Net income

Net income

Net sales

EBITDA

Operating income

attributable to

income tax

per share

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full

7,000

48.8

500

164.7

400

―

400

―

300

―

26.77

year

～7,500

～59.4

～900

～376.5

～700

～700

～500

～44.62

The Company will voluntarily apply International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ending March 2022. Therefore, the earnings forecast for the fiscal year ending March 2022 described in this document is based on IFRS standards.

*Notes:

1. Material changes in subsidiaries during this period: Yes
   (Changes in scope of consolidations resulting from changes in specified subsidiaries)

New companies: Doors Inc.

Excluded companies: -

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement

1)	Changes in accounting policies due to the revision of	None
	accounting standards:
2)	Changes in accounting policies other than 1) above:	None
3)	Changes in accounting estimates:	None
4)	Retrospective restatement:	None

(2) Total number of issued shares (common shares)

1)Total number of issued shares at the end of the period (including treasury shares):

March 31, 2021: 11,708,220 shares

March 31, 2020: 11,642,220 shares

2)Total number of treasury shares at the end of the period:

March	31,	2021:	457,100	shares
March	31,	2020:	457,100	shares

3)Average number of shares during the period:

March 31, 2021: 11,205,981 shares

March 31, 2020: 11,285,497 shares

• These consolidated financial results are outside the scope of audit of a certified public accountant or an audit firm.
• Explanation of the proper use of financial results forecast and other notes

The forecasts above are based on the judgments made in accordance with information currently available. Forecasts therefore include risks and uncertainties. Actual figures may differ from these forecasts due to subsequent changes in circumstances.

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