T Gaia : Summary version of Consolidated Financial Results for 1Q of the FY Ending March 31,2022

Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2022

(Three Months Ended June 30, 2021) (Based on J-GAAP)

			August 2, 2021
Company name:	T-Gaia Corp.	Listing:	Tokyo Stock Exchange, First Section
Stock code:	3738	URL:	https://www.t-gaia.co.jp/
Representative:	Nobutaka Kanaji, President & CEO
Contact:	Kaoru Hayashi, Managing Officer & General Manager of Corporate Planning & Strategy Dept.
	Tel: [phone]
Scheduled date of filing Securities Report: August 3, 2022
Scheduled commencement date of dividend payout: -
Financial results supplementary explanatory documents: Yes
Financial results presentation: None

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2022 (April 1, 2021 - June 30, 2021)

(1) Consolidated results of operations (three months)			(Percentages represent year-over-year changes)
	Net sales		Operating profit		Ordinary profit	Profit attributable to
			owners of the parent
	Million yen		%	Million yen		%	Million yen	%	Million yen	%
1Q FY 2022	111,173		45.7	3,199		39.2	4,876	(3.2)	3,224	(5.1)
1Q FY 2021	76,291		―	2,299		―	5,036	―	3,399	―

(Note) Comprehensive income (million yen): 1Q FY 2022: 3,222 / (7.6%) 1Q FY 2021: 3,490 / (-)

	Earnings per share	Diluted earnings
		per share
	Yen	Yen
1Q FY 2022	57.85	-
1Q FY 2021	60.99	-

(Note) As the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29), etc. are applied from the beginning of the FY 2022, the figures for the first quarter of the fiscal year ending March 31, 2021 are applied retroactively. Therefore, year-on-year changes for the first quarter of the fiscal year ending March 31, 2021 are not mentioned.

(2) Consolidated financial position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
1Q FY 2022	227.981	65.158	28.6
FY 2020	233,826	64,026	27.4

(Reference) Shareholders' equity (million yen): 1Q FY 2022: 65,129 FY 2021: 63,998

2. Dividends

		Annual dividends
	1Q-end	Interim	3Q-end	Year-end	Annual
	Yen	Yen	Yen		Yen	Yen
FY 2021	-	37.50	-		37.50	75.00
FY 2022	-
FY 2022		37.50	-		37.50	75.00
(forecasts)
Note: Revisions to the dividend forecast in the current quarter: None

3. Consolidated forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(Percentages represent year-over-year changes)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per
		owners of the parent	share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	453,000		7.1	13,400	(4.6)	18,400	(7.1)	12,000	(8.0)	215.30

Note 1: Revisions to the financial forecast in the current quarter: None

Note 2: As the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29), etc. are applied from the beginning of the FY 2022, the above consolidated forecasts are the amount after the application of these standards.

The percentages of year-on-year change in net sales are calculated as the adoption of this standard in the fiscal year ended March 31, 2021.

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Notes

1. Changes in significant subsidiaries during the consolidated period (twelve months) under review (changes in subsidiaries accompanying change in the scope of consolidation): None
2. Changes in accounting procedures specific to creation of quarterly consolidated financial statements: None
3. Changes in accounting principles, estimates and restatements
4. 1. Changes in accounting principles caused by revision of accounting standards: Yes
   2. Changes in accounting principles other than those mentioned above: None
   3. Changes in accounting estimates: None
   4. Restatement: None
      Note: For more details, please refer to "2. Quarterly Consolidated Financial Statements and Notes (3) Notes to quarterly consolidated financial statements (changes in accounting policies)" on page 7.
5. Number of shares issued and outstanding (shares of common stock)

1. Number of shares outstanding (including treasury shares) at the end of the period
2. Number of treasury stock at the end of the period
3. Average number of shares outstanding during the period (three months)

1Q FY 2022	56,074,000 shares	FY 2021	56,074,000 shares
1Q FY 2022	338,866 shares	FY 2021	338,866 shares
1Q FY 2022	55,735,134 shares	1Q FY 2021	55,732,173 shares

• The summary of business results is not subject to audit.
• Cautionary statement with respect to forward-looking statements
  (Disclaimer on forward-looking statements)
  These materials contain forward-looking information including earnings projections based on information currently available to the Company and certain assumptions considered reasonable in the judgment of the Company. Nothing contained in these materials is meant to suggest that the Company promises to attain the said projections. Moreover, due to various factors, actual results may materially differ from projections.

(Concerning financial results supplementary explanatory documents and financial results presentation) Financial results supplementary explanatory documents will be posted in Japanese on August 2, 2021.

*English version of Financial results supplementary explanatory documents will be posted on the English site for Investors of T-Gaia Corporation within days.

*English Account title is based on Account List available at website of Financial Service Agency.

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