Relia : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

Relia, Inc.

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.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

August 05, 2022

Company name: Relia, Inc.

Stock exchange listing: Tokyo

Code number: 4708

URL: https://www.relia-group.com/

Representative: TAKASHI AMINO, President

Contact: KENICHIRO IWAMOTO, General Manager

Phone: [phone]

Scheduled date of filing quarterly securities report: August 12, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session: No

					(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)
(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, 2022	29,788		1.4	1,623	3.5	1,636	3.7	1,129	3.7
June 30, 2021	29,378		(6.3)	1,569	(35.0)	1,578	(34.6)	1,089	(30.7)

(Note) Comprehensive income:	Three months ended June 30, 2022:
	Three months ended June 30, 2021:

¥	1,726 million	[	4.3%]
¥	1,655 million	[	8.9%]

	Basic earnings	Diluted earnings per
	per share		share
Three months ended	Yen			Yen
June 30, 2022	17.42			-
June 30, 2021	16.35			-
(2) Consolidated Financial Position
	Total assets		Net assets	Capital adequacy ratio	Net assets per share
As of	Million yen			Million yen	%	Yen
June 30, 2022	65,111			46,616	71.6	718.92
March 31, 2022	65,435			46,251	70.7	713.28
(Reference) Equity: As of	June 30, 2022:	¥	46,613 million
As of	March 31, 2022:	¥	46,247 million

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Relia, Inc.

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, 2022	-		21.00	-		21.00	42.00
Fiscal year ending March 31, 2023	-
Fiscal year ending March 31, 2023			22.00	-		23.00	45.00
(Forecast)
(Note) Revision to the forecast for dividends announced most recently:	No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

Profit attributable

Basic earnings

Net sales

Operating profit

Ordinary profit

to owners of

per share

parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full year

125,000

6.0

8,600

3.6

8,600

5.1

5,700

4.8

87.91

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

No

* Notes:

(1) Changes in significant subsidiaries during the three months ended June 30, 2022

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

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

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

Yes

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, 2022:	64,838,033	shares
March 31, 2022:	64,838,033	shares
2) Total number of treasury shares at the end of the period:
June 30, 2022:	-	shares
March 31, 2022:	-	shares

3) Average number of shares during the period:
Three months ended June 30, 2022:	64,838,033	shares
Three months ended June 30, 2021:	66,672,726	shares

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Relia, Inc.

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of March 31,2022	As of June 30,2022
Assets
	Current assets
		Cash and deposits	25,746	27,901
		Notes and accounts receivable - trade	20,913	17,685
		Contract assets	1,418	1,921
		Supplies	28	37
		Other	2,199	2,535
		Allowance for doubtful accounts	(178)	(225)
		Total current assets	50,129	49,856
	Non-current assets
		Property, plant and equipment	6,034	5,885
		Intangible assets
		Goodwill	1,953	1,968
		Other	1,162	1,177
		Total intangible assets	3,116	3,145
		Investments and other assets	6,155	6,223
		Total non-current assets	15,306	15,255
	Total assets	65,435	65,111
Liabilities
	Current liabilities
		Accounts payable - trade	2,970	2,733
		Accounts payable - other	7,579	7,343
		Lease liabilities	592	576
		Income taxes payable	1,236	345
		Provision for bonuses	1,096	1,564
		Provision for bonuses for directors (and other	37	9
		officers)
		Provision for loss on compensation for damages	103	103
		Other	2,513	2,751
		Total current liabilities	16,129	15,427
	Non-current liabilities
		Lease liabilities	484	384
		Retirement benefit liability	637	743
		Asset retirement obligations	1,875	1,878
		Other	57	61
		Total non-current liabilities	3,054	3,067
	Total liabilities	19,183	18,495

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Relia, Inc.

			(Million yen)
		As of March 31,2022	As of June 30,2022
Net assets
Shareholders' equity
	Share capital	998	998
	Capital surplus	1,112	1,112
	Retained earnings	42,169	41,937
	Total shareholders' equity	44,280	44,048
Accumulated other comprehensive income
	Valuation difference on available-for-sale	2	2
	securities
	Deferred gains or losses on hedges	(35)	(24)
	Foreign currency translation adjustment	2,131	2,712
	Remeasurements of defined benefit plans	(131)	(126)
	Total accumulated other comprehensive income	1,967	2,564
Non-controlling interests	3	3
Total net assets	46,251	46,616
Total liabilities and net assets	65,435	65,111

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Relia, Inc.

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the three months)

			(Million yen)
		For the three months	For the three months
		ended June 30,2021	ended June 30,2022
Net sales	29,378	29,788
Cost of sales	25,001	24,992
Gross profit	4,377	4,795
Selling, general and administrative expenses	2,808	3,172
Operating profit	1,569	1,623
Non-operating income
	Interest income	1	1
	Dividend income	2	5
	Commission income	3	3
	Share of profit of entities accounted for using equity	10	18
	method
	Other	19	14
	Total non-operating income	37	42
Non-operating expenses
	Interest expenses	17	13
	Foreign exchange losses	8	-
	Other	1	15
	Total non-operating expenses	27	29
Ordinary profit	1,578	1,636
Extraordinary income
	Subsidy bounty income	26	-
	Total extraordinary income	26	-
Profit before income taxes	1,605	1,636
Income taxes	515	507
Profit	1,089	1,129
Profit (loss) attributable to non-controlling interests	0	(0)
Profit attributable to owners of parent	1,089	1,129

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