Roland DG : Financial Report, Fiscal Year Ended December 31, 2021

Consolidated Financial Results

for the Fiscal Year Ended December 31, 2021 [Japanese GAAP]

February 14, 2022

Company name: Roland DG Corporation

Securities Code: 6789

URL: www.rolanddg.com

Stock exchange listing: Tokyo Stock Exchange

Representative: Kohei Tanabe, President

Contact: Kazuhiro Ogawa, Executive Officer and President of Corporate Division

Phone: [phone]

Scheduled date of Ordinary General Meeting of Shareholders: March 24, 2022

Scheduled date of filing annual securities report: March 24, 2022

Scheduled date of commencing dividend payments: March 25, 2022

Availability of supplementary briefing material on consolidated financial results: Available

Schedule of consolidated financial results briefing session: Scheduled (for institutional investors and analysts)

(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (From January 1, 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
		Millions of		%	Millions of	%		Millions of	%		Millions of	%
		Yen		Yen				Yen			Yen
	Fiscal year ended
	45,095	29.7	6,056	-			6,082	-		3,733	-
	December 31, 2021
	Fiscal year ended	34,780	(14.7)	500	(82.1)			422	(84.0)		251	(87.1)
	December 31, 2020
	(Note) Comprehensive	income: Fiscal year ended December 31, 2021: 4,562 million yen [-%]
		Fiscal year ended December 31, 2020: 58 million yen [(97.0)%]
		Basic earnings		Diluted	Return on			Ordinary			Operating
		earnings per		profit to total		profit to net
		per share		equity
				share				assets			sales
	Fiscal year ended		Yen		Yen				%			%			%
	299.88		-			13.9		15.3			13.4
	December 31, 2021
	Fiscal year ended	20.17		-				1.0			1.1			1.4
	December 31, 2020
	(Reference) Equity in	earnings (losses) of	affiliated companies:	Fiscal Year Ended	December 31, 2021: - million yen
						Fiscal Year Ended December 31, 2020: - million yen
(2) Consolidated Financial Position
		Total assets		Net assets			Equity ratio	Net assets per share
	As of December 31,	Millions of Yen	Millions of Yen					%				Yen
		42,969		28,797					67.0				2,311.49
	2021
	As of December 31,		36,301		24,738					68.1				1,990.89
	2020
	(Reference) Equity: As	of December 31, 2021:	28,797 million yen
	As of December 31, 2020: 24,738 million yen

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(3) Consolidated Cash Flows

Net cash provided

Net cash provided

Net cash provided

Cash and cash

by (used in)

by (used in)

by (used in)

equivalents at end of

operating activities

investing activities

financing activities

period

Millions of Yen

Millions of Yen

Millions of Yen

Millions of Yen

Fiscal year ended

5,364

ሺ

1,302)

ሺ

2,423)

13,966

December 31, 2021

ሺ710)

Fiscal year ended

December 31, 2020

4,003

ሺ2,210)

12,434

2. Dividends

Annual dividends

1st quarter end

2nd quarter end

3rd quarter end

Year end

Total

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

-

0.00

-

10.00

10.00

December 31, 2020

Fiscal year ended

-

40.00

-

60.00

100.00

December 31, 2021

Fiscal year ending

-

-

80.00

130.00

December 31, 2022

50.00

(Forecast)

Total dividends paid

Payout ratio

Dividends to net assets

(annual)

(consolidated)

(consolidated)

Fiscal year ended

Millions of Yen

%

%

126

49.6

0.5

December 31, 2020

Fiscal year ended

1,265

33.3

4.6

December 31, 2021

Fiscal year ending

30.6

December 31, 2022

(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (From January 1,

2022 to December 31, 2022)			(% indicates changes from the previous corresponding period)
							Profit attributable	Basic
	Net sales		Operating profit	Ordinary profit	earnings
		to owners of parent
							per share
	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Yen
	Yen		Yen		Yen		Yen
First half	23,900	9.4	3,000	1.4	3,000	(2.0)	2,100	32.9	168.56
Full year	49,400	9.5	7,300	20.5	7,300	20.0	5,300	42.0	425.42

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* Notes

1. Significant changes of subsidiaries during the fiscal year ended December 31, 2021 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
2. Changes in accounting policies, changes in accounting estimates and corrections of errors
3. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Any changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Corrections of errors: No
4. Total number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares):

	Fiscal year ended December 31, 2021	12,656,311 shares
2) Total	Fiscal year ended December 31, 2020	12,656,311 shares
number of treasury shares at the end of the	period:
	Fiscal year ended December 31, 2021	198,108 shares
	Fiscal year ended December 31, 2020	230,507 shares
3) Average number of shares during the period:
	Fiscal year ended December 31, 2021	12,449,951 shares
	Fiscal year ended December 31, 2020	12,450,996 shares

(Note) The total number of treasury shares at the end of the period includes shares of the Company held by the Director Stock Benefit Trust and J-ESOP Trust (197,700 shares at the end of the fiscal year ended December 31, 2021 and 230,200 shares at the end of the fiscal year ended December 31, 2020). The number of treasury shares excluded from calculation of the average number of shares during the period includes shares of the Company held by said Trusts (206,025 shares at the end of the fiscal year ended December 31, 2021 and 205,050 shares at the end of the fiscal year ended December 31, 2020).

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (From January 1, 2021 to December 31, 2021)

(1) Non-consolidated Operating Results	(% indicates changes from the previous corresponding period)
	Net sales	Operating profit	Ordinary profit	Profit
	Millions of	%	Millions of	%	Millions of	%	Millions of	%
	Yen	Yen	Yen	Yen
Fiscal year ended
29,568	33.3	3,780	-	4,004	-	1,892	-
December 31, 2021
Fiscal year ended	22,175	(18.1)	(83)	-	195	(78.7)	(14)	-
December 31, 2020
	Basic earnings per	Diluted earnings per
	share		share
Fiscal year ended		Yen		Yen
	152.01		-
December 31, 2021
Fiscal year ended		(1.15)		-
December 31, 2020

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(2) Non-consolidated Financial Position

		Total assets	Net assets	Equity ratio	Net assets per share
	As of December 31,	Millions of Yen	Millions of Yen	%	Yen
	30,064	21,970	73.1	1,763.54
	2021
	As of December 31,	27,643	20,581	74.5	1,656.38
	2020
	(Reference) Equity: As	of December 31, 2021: 21,970 million yen
	As of December 31, 2020: 20,581 million yen

• These consolidated financial results are outside the scope of audit.
• Explanation of the proper use of financial results forecast and other notes
• 1. Financial results forecast was prepared based on available information at the time of the release of this document, and the Company does not in any way guarantee the achievement of the projections. Actual results may be different from the projections due to various factors. For the notes concerning the use of financial results forecast, please refer to "Future Outlook" on page 14.
  2. The Company plans to hold a briefing session for institutional investors and analysts on February 18, 2022 (Friday). Materials to be distributed at the session will be posted on the Company's website.

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Table of Contents of Appendix
1.	Overview of Results of Operations, etc.	6
	(1)	Overview of Results of Operations	6
	(2)	Overview of Financial Position	11
	(3)	Overview of Cash Flows	11
	(4)	Future Outlook	13
2.	Status of Corporate Group	14
3.	Management Policy	17
	(1)	Basic Company Management Policy	17
	(2)	Target Management Benchmarks	17
	(3)	Medium to Long Term Business Strategy and Issues to be Addressed	17
4.	Basic Policy on Selection of Accounting Standards	20
5.	Consolidated Financial Statements	21
	1.	Consolidated Balance Sheets	21
	2.	Consolidated Statements of Operations and Comprehensive Income	23
	3.	Consolidated Statements of Changes in Net Assets	26
	4.	Consolidated Statements of Cash Flows	28
6.	Other	30

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