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 Nine Months Ended December 31, 2021

[Japanese GAAP]

February 04, 2022

Company name:

Qol Holdings Co., Ltd.

Stock exchange listing:

Tokyo

Code number:

3034

URL:

https://www.qolhd.co.jp/eng/

Representative:

Takashi Nakamura, President and Representative Director

Contact:

Yutaka Togashi, Director

Phone:

+81-(0)3-6430-9060

Scheduled date of filing quarterly securities report:

February 14, 2022

Scheduled date of commencing dividend payments:

-

Availability of supplementary briefing material on quarterly financial results:

Yes

Schedule of quarterly financial results briefing session:

No

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

1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 01, 2021 to December 31, 2021)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Nine months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

December 31, 2021

124,545

3.1

6,921

49.5

7,072

45.3

4,155

88.5

December 31, 2020

120,819

(2.3)

4,629

(12.9)

4,866

(13.5)

2,204

(24.1)

(Note) Comprehensive income:

Nine months ended December 31, 2021:

Nine months ended December 31, 2020:

¥

4,139 million

[

84.7%]

¥

2,241 million

[

(26.9) %]

Basic earnings

Diluted earnings per

per share

share

Nine months ended

Yen

Yen

December 31, 2021

113.26

-

December 31, 2020

58.55

-

(Reference)

As of

¥

10,443 million

EBITDA

December 31, 2021:

(Operating profit + Depreciation + Amortization of goodwill)

As of

¥

8,097 million

December 31, 2020:

As of

¥

6,254 million

Net income before Amortization of goodwill

December 31, 2021:

(Profit attributable to owners of parent + Amortization of goodwill)

As of

¥

4,504 million

December 31, 2020:

As of

¥

177.83

EPS before Amortization of goodwill

December 31, 2021:

(Profit before Amortization of goodwill /Average number of shares during the period)

As of

¥

119.61

December 31, 2020:

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

December 31, 2021

103,008

42,350

41.1

March 31, 2021

100,571

41,834

40.9

(Reference) Equity: As of

December 31, 2021:

¥

42,308 million

As of

March 31, 2021:

¥

41,162 million

―1―

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

-

14.00

-

14.00

28.00

Fiscal year ending March 31, 2022

-

14.00

-

Fiscal year ending March 31, 2022

14.00

28.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently:

No

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 to

Basic earnings

owners of parent

per share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

175,000

8.1

10,000

35.8

10,000

35.1

5,000

48.6

136.29

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the nine months ended December 31, 2021

(changes in specified subsidiaries resulting in changes in scope of consolidation):

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement

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

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

1)

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

December 31, 2021:

38,902,785

shares

March 31, 2021:

38,902,785

shares

2)

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

December 31, 2021:

2,105,209

shares

March 31, 2021:

2,291,509

shares

3) Average number of shares during the period:

Nine months ended December 31, 2021:

36,687,591

shares

Nine months ended December 31, 2020:

37,660,317

shares

(Note) Treasury stock includes shares owned by the exclusive trust account of the Company's Employee Stock Ownership Association.

(Remarks) Supplementary Material is available on our website. https://www.qolhd.co.jp/eng/ir/library/supplementarymaterial.html

―2―

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of March 31,2021

As of December 31,2021

Assets

Current assets

Cash and deposits

19,648

20,448

Notes and accounts receivable - trade

18,231

-

Notes and accounts receivable - trade, and contract

-

17,566

assets

Merchandise and finished goods

4,606

7,892

Work in process

127

202

Supplies

120

122

Other

2,766

2,605

Allowance for doubtful accounts

(2)

(3)

Total current assets

45,499

48,834

Non-current assets

Property, plant and equipment

Buildings and structures, net

6,380

6,446

Tools, furniture and fixtures, net

1,280

1,404

Land

4,762

4,878

Other, net

307

202

Total property, plant and equipment

12,730

12,932

Intangible assets

Goodwill

34,071

33,133

Software

508

607

Other

358

283

Total intangible assets

34,938

34,024

Investments and other assets

Investment securities

183

157

Leasehold and guarantee deposits

3,783

3,787

Deferred tax assets

1,904

1,620

Other

1,535

1,657

Allowance for doubtful accounts

(12)

(12)

Total investments and other assets

7,393

7,210

Total non-current assets

55,062

54,168

Deferred assets

Bond issuance costs

9

6

Total deferred assets

9

6

Total assets

100,571

103,008

―3―

(Million yen)

As of March 31,2021

As of December 31,2021

Liabilities

Current liabilities

Accounts payable - trade

19,822

24,921

Short-term borrowings

200

-

Current portion of bonds payable

1,108

1,008

Current portion of long-term borrowings

10,261

9,497

Income taxes payable

1,693

1,099

Provision for bonuses

2,281

1,177

Other

3,343

4,220

Total current liabilities

38,709

41,925

Non-current liabilities

Bonds payable

1,416

752

Long-term borrowings

16,736

15,920

Deferred tax liabilities

302

302

Provision for retirement benefits for directors (and

30

28

other officers)

Retirement benefit liability

650

616

Asset retirement obligations

809

847

Other

81

265

Total non-current liabilities

20,026

18,732

Total liabilities

58,736

60,658

Net assets

Shareholders' equity

Share capital

5,786

5,786

Capital surplus

13,490

11,276

Retained earnings

25,364

28,463

Treasury shares

(3,360)

(3,083)

Total shareholders' equity

41,280

42,443

Accumulated other comprehensive income

Valuation difference on available-for-sale

(118)

(135)

securities

Total accumulated other comprehensive income

(118)

(135)

Non-controlling interests

672

42

Total net assets

41,834

42,350

Total liabilities and net assets

100,571

103,008

―4―

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)

(Million yen)

For the nine months

For the nine months

ended December 31,2020

ended December 31,2021

Net sales

120,819

124,545

Cost of sales

105,955

107,634

Gross profit

14,863

16,911

Selling, general and administrative expenses

10,233

9,989

Operating profit

4,629

6,921

Non-operating income

Rental income from buildings

22

26

Commission income

42

71

Surrender value of insurance policies

-

5

Subsidy income

8

17

Guarantee commission received

37

44

Subsidy income (other)

143

-

Cancelation income

-

37

Other

118

78

Total non-operating income

373

281

Non-operating expenses

Interest expenses

84

78

Other

52

52

Total non-operating expenses

136

130

Ordinary profit

4,866

7,072

Extraordinary income

Gain on sale of non-current assets

6

2

Gain on sale of investment securities

204

0

Gain on reversal of provision for withdraw loss from

-

71

employees' pension fund

Total extraordinary income

210

74

Extraordinary losses

Loss on retirement of non-current assets

45

32

Loss on sale of non-current assets

0

0

Impairment losses

417

-

Loss on valuation of shares of subsidiaries

-

49

Loss on sale of shares of subsidiaries

-

5

Total extraordinary losses

463

88

Profit before income taxes

4,613

7,057

Income taxes

2,263

2,900

Profit

2,350

4,156

Profit attributable to non-controlling interests

145

1

Profit attributable to owners of parent

2,204

4,155

―5―

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Qol Holdings Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 06:55:19 UTC.