Tama Home : Summary of Consolidated Financial Results for the Three Months Ended August 31, 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 Three Months Ended August 31, 2021 [Japanese GAAP]

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

Phone: [phone]

Scheduled date of filing quarterly securities report: October 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 Three Months Ended August 31, 2021 (June 01, 2021 to August 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
Three months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
August 31, 2021	52,396		18.5	2,770	107.5	2,797	115.4	1,839	43.4
August 31, 2020	44,230		(2.2)	1,335	(37.0)	1,298	(36.2)	1,282	(5.4)

(Note) Comprehensive income:	Three months ended August 31, 2021:
	Three months ended August 31, 2020:

¥	1,876 million	[	53.3%]
¥	1,224 million	[	(6.3) %]

	Basic earnings	Diluted earnings per
	per share		share
Three months ended	Yen			Yen
August 31, 2021	62.43		-
August 31, 2020	43.52		-
(2) Consolidated Financial Position
	Total assets		Net assets			Equity ratio
As of	Million yen			Million yen			%
August 31, 2021	99,913			25,145			25.1
May 31, 2021	100,216			26,214			26.1
(Reference) Equity: As of	August 31, 2021:	¥	25,064 million
As of	May 31, 2021:	¥	26,141 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, 2021		-		0.00		-		100.00	100.00
Fiscal year ending May 31, 2022		-
Fiscal year ending May 31, 2022				0.00		-		110.00	110.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	No
(Note) Breakdown of the 1st quarter dividend for the fiscal year ending May 31, 2022 :
Commemorative dividend	-	yen
Special dividend	-	yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2022(June 01, 2021 to May 31, 2022)

(% indicates changes from the previous corresponding period.)

			Net sales		Operating profit	Ordinary profit	Profit attributable	Basic earnings per
				to owners of parent	share
			Million yen		%	Million yen	%	Million yen		%	Million yen	%	Yen
Full year			225,000		3.2	11,300	2.7	11,300		1.9	7,300	1.8	247.83
(Note) Revision to the financial results forecast announced most recently:	No
* Notes:
(1) Changes in significant subsidiaries during the three months ended August 31, 2021
(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:	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: 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):

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

3) Average number of shares during the period:
Three months ended August 31, 2021:	29,455,799	shares
Three months ended August 31, 2020:	29,455,799	shares

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Million yen)
			As of May 31,2021	As of August 31,2021
Assets
	Current assets
		Cash and deposits	32,681	29,895
		Notes receivable, accounts receivable from	1,294	1,381
		completed construction contracts and other
		Operating loans	7,200	8,621
		Real estate for sale	9,234	6,611
		Costs on construction contracts in progress	12,054	14,317
		Real estate for sale in process	10,225	12,408
		Other inventories	599	567
		Other	1,321	1,373
		Allowance for doubtful accounts	(8)	(8)
		Total current assets	74,603	75,169
	Non-current assets
		Property, plant and equipment
		Buildings and structures, net	8,926	8,693
		Machinery, equipment and vehicles, net	3,029	3,029
		Land	6,587	6,655
		Other, net	188	199
		Total property, plant and equipment	18,732	18,578
		Intangible assets	953	961
		Investments and other assets
		Investments and other assets	6,439	5,716
		Allowance for doubtful accounts	(513)	(511)
		Total investments and other assets	5,926	5,204
		Total non-current assets	25,612	24,744
	Total assets	100,216	99,913

				(Million yen)
			As of May 31,2021	As of August 31,2021
Liabilities
	Current liabilities
		Notes payable, accounts payable for construction	15,301	14,881
		contracts and other
		Short-term borrowings	12,588	14,317
		Current portion of long-term borrowings	356	338
		Income taxes payable	2,858	238
		Advances received on construction contracts in	25,880	30,985
		progress
		Provision for warranties for completed	1,341	1,377
		construction
		Provision for bonuses	244	948
		Other	9,792	6,059
		Total current liabilities	68,363	69,146
	Non-current liabilities
		Long-term borrowings	2,140	2,114
		Asset retirement obligations	1,816	1,815
		Other	1,681	1,691
		Total non-current liabilities	5,638	5,621
	Total liabilities	74,001	74,768
Net assets
	Shareholders' equity
		Share capital	4,310	4,310
		Capital surplus	4,280	4,280
		Retained earnings	17,334	16,228
		Treasury shares	(0)	(0)
		Total shareholders' equity	25,924	24,818
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	19	19
		securities
		Deferred gains or losses on hedges	3	1
		Foreign currency translation adjustment	193	225
		Total accumulated other comprehensive income	216	245
	Non-controlling interests	73	81
	Total net assets	26,214	25,145
Total liabilities and net assets	100,216	99,913

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 August 31,2020	ended August 31,2021
Net sales	44,230	52,396
Cost of sales	33,666	39,691
Gross profit	10,563	12,704
Selling, general and administrative expenses	9,228	9,934
Operating profit	1,335	2,770
Non-operating income
	Interest income	0	0
	Dividend income	0	0
	Purchase discounts	15	14
	Penalty income	20	20
	Other	21	58
	Total non-operating income	58	93
Non-operating expenses
	Interest expenses	62	28
	Foreign exchange losses	0	14
	Share of loss of entities accounted for using equity	0	2
	method
	Other	32	19
	Total non-operating expenses	94	66
Ordinary profit	1,298	2,797
Extraordinary income
	Gain on sale of non-current assets	0	-
	Foreign currency translation adjustments reversal	31	-
	gains
	Total extraordinary income	32	-
Extraordinary losses
	Loss on retirement of non-current assets	16	16
	Loss on cancellation of leases	2	5
	Impairment losses	-	1
	Total extraordinary losses	19	22
Profit before income taxes	1,311	2,774
Income taxes - current	103	179
Income taxes - deferred	(78)	747
Total income taxes	25	927
Profit	1,286	1,846
Profit attributable to non-controlling interests	4	7
Profit attributable to owners of parent	1,282	1,839