Proto : Consolidated Financial Results for the Three Months Ended June 30, 2021

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Three Months Ended June 30, 2021

[Japanese GAAP]

July 30, 2021

Company name: PROTO CORPORATION
Stock exchange listing: Tokyo,Nagoya
Code number: 4298
URL: https://www.proto-g.co.jp/
Representative: Kenji Kamiya	President
Contact: Takehito Suzuki	Executive officer

Phone: [phone]

Scheduled date of filing quarterly securities report: August 06, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: Yes

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

1. Consolidated Financial Results for the Three Months Ended June 30, 2021 (April 01, 2021 to June 30, 2021)

(1) Consolidated Operating Results			(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Three months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
June 30, 2021	13,661		7.3	1,780	18.5	1,865	20.0	2,281	124.2
June 30, 2020	12,737		-	1,502	3.7	1,554	8.2	1,017	(1.8)

(Note) Comprehensive income:	Three months ended June 30, 2021:
	Three months ended June 30, 2020:

¥	2,358 million	[	107.2%]
¥	1,138 million	[	14.3%]

	Basic earnings		Diluted earnings per
	per share		share
Three months ended		Yen	Yen
June 30, 2021		56.81	-
June 30, 2020		25.34	-

(Note) The Company has adopted the "accounting standard regarding revenue recognition" (Corporate Accounting Standards No. 29, March 31, 2020), etc. from the beginning of the current first quarter consolidated accounting period. The figures for the first quarter of the fiscal year ended March 31, 2021 are after the retroactive application of the said accounting standard. As a result, the rate of increase or decrease in net sales for the first quarter of the fiscal year ended March 31, 2021 compared to the same period of the previous fiscal year is not stated.

(2) Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio
As of	Million yen		Million yen	%
June 30, 2021	50,918		37,791	74.2
March 31, 2021	49,388		35,934	72.7
(Reference) Equity: As of	June 30, 2021:	¥	37,757 million
As of	March 31, 2021:	¥	35,901 million

2. Dividends

				Annual dividends
	1st	2nd	3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen		Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2021	-		12.50	-		12.50	25.00
Fiscal year ending March 31, 2022	-
Fiscal year ending March 31, 2022			17.50	-		17.50	35.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	Yes

For details of the dividend forecast, please refer to the "Notice Regarding the Revision of Dividend Forecast (Dividend Increase)" released today (July 30, 2021).

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Basic earnings
		to owners of parent	per share
Six months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
27,528		0.3	2,683	(5.5)	2,675	(5.4)	3,287	83.5	81.86
September 30, 2021
Full year	60,000		(0.2)	6,100	2.7	6,080	(0.6)	5,615	15.7	139.82
(Note) Revision to the financial results forecast announced most recently:	No

Since the company will apply the "accounting standards regarding revenue recognition"(Corporate Accounting Standards No.29, March 31, 2020), etc. from the beginning of the term ending March 2022, so the earnings forecast indicates the figures based on the new standards.

* Notes:
(1)	Changes in significant subsidiaries during the three months ended June 30, 2021
	(changes in specified subsidiaries resulting in changes in scope of consolidation):	Yes
	New	1	(Company name: PROTO Ventures 2 Investment Limited Partnership	)
	Exclusion:	1	(Company name: PROTO MEDICAL CARE		)
(2)	Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2021:	41,925,300	shares
March 31, 2021:	41,925,300	shares
2) Total number of treasury shares at the end of the period:
June 30, 2021:	1,766,297	shares
March 31, 2021:	1,766,217	shares

3) Average number of shares during the period:
Three months ended June 30, 2021:	40,159,063	shares
Three months ended June 30, 2020:	40,159,789	shares

• This quarterly report is not subject to quarterly review procedures by certified public accountants or an auditing firm.
• Explanation for appropriate use of forecasts and other notes

The forward-looking statements such as operational forecasts contained in this statements summary are based on the information currently available to the Company and certain assumptions which are regarded as legitimate. Actual results may differ significantly from these forecasts due to various factors.