Tama Home : Summary of Consolidated Financial Results for the Nine Months Ended February 28, 2021(Japanese GAAP)

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 Nine Months Ended February 28, 2021 [Japanese GAAP]

Company name: Tama Home Co., Ltd.	April 12, 2021
Stock exchange listing: Tokyo,Fukuoka
Code number: 1419
URL: https://www.tamahome.jp/
Representative: Shinya Tamaki	President & Representative Director
Contact: Katsuya Tamaki	Vice President & Director

Phone: [phone]

Scheduled date of filing quarterly securities report: April 12, 2021

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: Yes

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

1. Consolidated Financial Results for the Nine Months Ended February 28, 2021 (June 01, 2020 to February 28, 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	%
February 28, 2021	145,495		0.8	6,064	9.1	6,067	13.3	4,347	25.4
February 29, 2020	144,271		19.4	5,558	106.9	5,356	121.1	3,465	140.9

(Note) Comprehensive income:	Nine months ended February 28, 2021:
	Nine months ended February 29, 2020:

¥	4,245 million	[	26.4%]
¥	3,357 million	[	127.8%]

	Basic earnings	Diluted earnings per
	per share		share
Nine months ended	Yen			Yen
February 28, 2021	147.59			-
February 29, 2020	117.03			-
(2) Consolidated Financial Position
	Total assets		Net assets	Equity ratio
As of	Million yen			Million yen	%
February 28, 2021	110,194			23,404	21.2
May 31, 2020	101,713			21,232	20.8
(Reference) Equity: As of	February 28, 2021:	¥	23,341 million
As of	May 31, 2020:	¥	21,177 million

2. Dividends

					Dividend per share
		1st	2nd			3rd		Year-end	Total
	quarter-end	quarter-end		quarter-end
		Yen		Yen		Yen		Yen	Yen
Fiscal year ended May 31, 2020		-		0.00		-		70.00	70.00
Fiscal year ending May 31, 2021		-		0.00		-
Fiscal year ending May 31, 2021								90.00	90.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	Yes
(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending May 31, 2021 :
Commemorative dividend	-	yen
Special dividend	-	yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2021(June 01, 2020 to May 31, 2021)

(% 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			210,000		0.4	9,000	(8.8)	8,900	(8.8)	5,200	1.8	176.54
(Note) Revision to the financial results forecast announced most recently:	No
* Notes:
(1) Changes in significant subsidiaries during the nine months ended February 28, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):	Yes
New	-	(Company name:								)
Exclusion:	1	(Company name: TamaFood International (Hong Kong) Company Limited		)
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:	No

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

February 28, 2021:	29,455,800	shares
May 31, 2020:	29,455,800	shares
2) Total number of treasury shares at the end of the period:
February 28, 2021:	1	shares
May 31, 2020:	1	shares

3) Average number of shares during the period:
Nine months ended February 28, 2021:	29,455,799	shares
Nine months ended February 29, 2020:	29,616,150	shares

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of May 31,2020	As of February 28,2021
Assets
	Current assets
		Cash and deposits	30,993	32,109
		Notes receivable, accounts receivable from	1,357	1,183
		completed construction contracts and other
		Operating loans	6,801	10,442
		Real estate for sale	6,377	11,555
		Costs on construction contracts in progress	11,873	16,873
		Real estate for sale in process	16,300	10,304
		Other inventories	479	603
		Other	1,342	1,490
		Allowance for doubtful accounts	(6)	(6)
		Total current assets	75,519	84,555
	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	9,316	9,623
		Machinery, equipment and vehicles, net	3,236	3,087
		Land	6,698	6,640
		Other, net	183	315
		Total property, plant and equipment	19,434	19,666
		Intangible assets	832	878
		Investments and other assets
		Investments and other assets, gross	6,435	5,607
		Allowance for doubtful accounts	(509)	(512)
		Total investments and other assets	5,926	5,094
		Total non-current assets	26,193	25,639
	Total assets	101,713	110,194

				(Million yen)
			As of May 31,2020	As of February 28,2021
Liabilities
	Current liabilities
		Notes payable, accounts payable for construction	14,260	14,900
		contracts and other
		Short-term borrowings	15,336	15,674
		Current portion of long-term borrowings	3,785	2,456
		Income taxes payable	2,389	350
		Advances received on construction contracts in	22,977	33,943
		progress
		Provision for warranties for completed	1,362	1,477
		construction
		Provision for bonuses	191	955
		Other	8,543	6,100
		Total current liabilities	68,847	75,858
	Non-current liabilities
		Long-term borrowings	8,263	7,282
		Asset retirement obligations	1,567	1,817
		Other	1,801	1,832
		Total non-current liabilities	11,633	10,932
	Total liabilities	80,480	86,790
Net assets
	Shareholders' equity
		Share capital	4,310	4,310
		Capital surplus	4,280	4,280
		Retained earnings	12,228	14,513
		Treasury shares	(0)	(0)
		Total shareholders' equity	20,818	23,103
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	20	13
		securities
		Deferred gains or losses on hedges	0	1
		Foreign currency translation adjustment	338	222
		Total accumulated other comprehensive income	358	237
	Non-controlling interests	55	62
	Total net assets	21,232	23,404
Total liabilities and net assets	101,713	110,194

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 February 29,2020	ended February 28,2021
Net sales	144,271	145,495
Cost of sales	109,437	110,360
Gross profit	34,834	35,135
Selling, general and administrative expenses	29,275	29,070
Operating profit	5,558	6,064
Non-operating income
	Interest income	3	1
	Dividend income	0	0
	Purchase discounts	56	50
	Foreign exchange gains	10	38
	Penalty income	56	71
	Share of profit of entities accounted for using equity	0	8
	method
	Other	63	120
	Total non-operating income	192	291
Non-operating expenses
	Interest expenses	155	171
	Commission for syndicated loans	4	4
	Arrangement fee	94	-
	Other	140	113
	Total non-operating expenses	395	289
Ordinary profit	5,356	6,067
Extraordinary income
	Gain on sales of non-current assets	5	46
	Gain on sales of investment securities	3	0
	Foreign currency translation adjustments reversal	-	31
	gains
	Total extraordinary income	9	79
Extraordinary losses
	Loss on retirement of non-current assets	112	57
	Loss on valuation of investment securities	9	-
	Loss on cancellation of leases	17	11
	Impairment loss	61	-
	Total extraordinary losses	200	69
Profit before income taxes	5,164	6,077
Income taxes - current	1,041	979
Income taxes - deferred	639	730
Total income taxes	1,680	1,709
Profit	3,484	4,367
Profit attributable to non-controlling interests	18	20
Profit attributable to owners of parent	3,465	4,347

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)

			(Million yen)
		For the nine months	For the nine months
		ended February 29,2020	ended February 28,2021
Profit	3,484	4,367
Other comprehensive income
	Valuation difference on available-for-sale securities	3	(7)
	Deferred gains or losses on hedges	(2)	1
	Foreign currency translation adjustment	(127)	(112)
	Share of other comprehensive income of entities	0	(3)
	accounted for using equity method
	Total other comprehensive income	(127)	(122)
Comprehensive income	3,357	4,245
Comprehensive income attributable to
	Comprehensive income attributable to owners of	3,341	4,226
	parent
	Comprehensive income attributable to non-controlling	16	18
	interests