STrust : (Delayed)Consolidated Financial Results for the Fiscal Year Ended February 28, 2021

Consolidated Financial Results

for the Fiscal Year Ended February 28, 2021

[Japanese GAAP]

April 9, 2021

Company name: S TRUST Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange, Fukuoka Stock Exchange

Code number: 3280

URL: http://www.strust.co.jp/

Representative: MATSUKAWA Toru, President and Representative Director

Contact: FUJITA Takahisa, Managing Director

Phone: [phone]

Scheduled date of Annual General Meeting of Shareholders: May 28, 2021

Scheduled date of commencing dividend payments: May 31, 2021

Scheduled date of filing annual securities report: May 31, 2021

Availability of supplementary briefing material on annual financial results: Not available

Schedule of annual financial results briefing session: Not scheduled

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

1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2021 (March 1, 2020 to February

28, 2021)
(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
							Net income
	Net sales		Operating income	Ordinary income	attributable to
							owners of parent
Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
February 28, 2021	16,669	9.4	979	35.9	813	44.8	548	42.1
February 29, 2020	15,233	(2.7)	720	(49.0)	562	(57.2)	385	(56.7)

(Note) Comprehensive income: Fiscal year ended February 28, 2021: ¥ 548 million [43.4%] Fiscal year ended February 29, 2020: ¥ 382 million [(57.0)%]

	Net income per		Diluted net	Return on		Ordinary		Operating
			income to total	income to net
	share		income per share	equity
			assets		sales
Fiscal year ended		Yen		Yen			%			%	%
February 28, 2021		92.60		－			8.7			3.0	5.9
February 29, 2020		63.36		－			6.4			2.4	4.7
(Reference) Equity in earnings (losses) of affiliates: Fiscal year ended February 28, 2021: ¥ - million
				Fiscal year ended February 29, 2020: ¥ - million
(2) Consolidated Financial Position
	Total assets	Net assets		Equity ratio		Net assets per share
As of		Million yen	Million yen		%			Yen
February 28, 2021		28,702		6,566		22.9			1,107.88
February 29, 2020		24,950		6,102		24.5			1,028.58

(Reference) Equity: As of February 28, 2021: ¥6,566 million As of February 29, 2020: ¥6,102 million

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(3) Consolidated Cash Flows

	Net cash provided by	Net cash provided by	Net cash provided by	Cash and cash
	(used in) operating	(used in) investing	(used in) financing	equivalents at end of
	activities	activities	activities	period
Fiscal year ended		Million yen			Million yen		Million yen		Million yen
February 28, 2021		(4,920)			(13)		3,995		6,318
February 29, 2020		(2,514)			(40)		2,509		7,256
2. Dividends
		Annual dividends			Total	Payout ratio	Dividends to
							net assets
	1st quarter-	2nd quarter-	3rd quarter-		Year-end	Total	dividends	(consolidated)
		(consolidated)
	end	end	end
Fiscal year ended	Yen	Yen	Yen		Yen	Yen	Million yen	%	%
February 29, 2020	－	7.00	－		7.00	14.00	84	22.1	1.4
February 28, 2021	－	7.00	－		7.00	14.00	82	15.1	1.3
Fiscal year ending	－		－					－
February 28, 2022	7.00		7.00	14.00
(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2022 (March 1, 2021 to February 28, 2022)

(% indicates changes from the previous corresponding period.)

							Net income	Net income
	Net sales		Operating income	Ordinary income	attributable to
		per share
							owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	16,700	0.2	800	(18.3)	650	(20.1)	440	(19.7)	74.24

(Note) Consolidated financial results forecast for the first half of the fiscal year ending February 28, 2022 has not been prepared as it is difficult to calculate amid growing uncertainties triggered by the novel coronavirus (COVID-

1. outbreak which may affect the Company's results. The Company has prepared only its full-year consolidated financial results forecast for the same year.

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Notes:

(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting

in changes in scope of consolidation): No
New: - companies (Company name: )	Excluded: - companies (Company name: )

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: No
   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 stock)
4. 1. Total number of issued shares at the end of the period (including treasury stock):

February 28, 2021: 6,167,000 shares

February 29, 2020: 6,167,000 shares

1. Total number of treasury stock at the end of the period: February 28, 2021: 240,078 shares
   February 29, 2020: 233,767 shares
2. Average number of shares during the period:

Fiscal Year ended February 28, 2021: 5,918,789 shares

Fiscal Year ended February 29, 2020: 6,087,622 shares

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended February 28, 2021 (March 1, 2020 to

February 28, 2021)
(1) Non-consolidated Operating Results			(% indicates changes from the previous corresponding period.)
	Net sales			Operating income	Ordinary income	Net income
Fiscal year ended	Million yen	%		Million yen	%		Million yen	%		Million yen	%
February 28, 2021	16,077	9.3		783	34.0		612	33.4		416	31.2
February 29, 2020	14,713	(0.0)	584	(52.2)	459	(58.7)	317	(58.2)
	Net income per share	Diluted net income per
				share
Fiscal year ended		Yen		Yen
February 28, 2021		70.30		－
February 29, 2020		52.10		－
(2) Non-consolidated Financial Position
	Total assets		Net assets		Equity ratio		Net assets per share
As of	Million yen		Million yen			%			Yen
February 28, 2021	27,588			5,899			21.4			995.39
February 29, 2020	23,960			5,568			23.2			938.45

(Reference) Equity: As of February 28, 2021: ¥5,899 million As of February 29, 2020: ¥5,568 million

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

The earnings forecasts and other forward-looking statements herein are based on information currently available and certain assumptions deemed reasonable. Actual results may differ significantly from these forecasts due to a wide range of factors.

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