ValueCommerce : Summary of Financial Results for the first quarter 2021

This filing was originally prepared and published by the company in Japanese as it contained timely disclosure information to be s ubmitted to the Tokyo Stock Exchange (1st section). The English translation is for your reference only. To the extent there is any discrepancy between this English translation and the original Japanese filing, the Japanese filing will prevail. The following financial information was prepared in accordance with generally accepted accounting principles in Japan (JGAAP).

Financial Results (Consolidated) for Q1 of FY2021

		April 26, 2021
Corporate Name:	ValueCommerce Co., Ltd.	Listed: TSE 1st section
Ticker Symbol:	2491	URL: https://www.valuecommerce.co.jp/en/
Representative:	Representative Director, President and CEO	(Name) Jin Kagawa
Contact person:	Director of the Board, CFO	(Name) Masatomo Endo

Scheduled date of commencement of dividend payment:	-		TEL: [phone]
Scheduled date of filing the securities report:		May 13, 2021
Results supplementary materials to be created:		Yes
An explanatory presentation to investors:		No
						(Amounts less than one million yen rounded down)
1. Consolidated Operating Results for the First Quarter of FY2021 (Jan. 1 to Mar. 31, 2021)
(1) Consolidated Operating Results		(Percentage figures refer to comparisons with the preceding fiscal year)
										Net income
	Revenue		Operating income		Ordinary income			attributable to owners
										of the parent
	Million Yen	%	Million Yen		%	Million Yen		%		Million Yen		%
Q1 FY2021	8,089	5.6	1,799		19.4	1,838		22.3		-876		－
Q1 FY2020	7,661	21.6	1,507		21.3	1,503		21.0		1,013		21.2

(Note) Comprehensive income:	First quarter ended March 31, 2021:		-912 million yen, - %
		First quarter ended March 31, 2020:		1,073 million yen, 31.0%
		Basic EPS			Diluted EPS
	(Earnings per share)		(Diluted Earnings per share)
		Yen			Yen
Q1 FY2021		-27.14			－
Q1 FY2020		31.39			31.36
(2) Consolidated Financial Positions
		Total assets		Net worth		Equity ratio	Book-value per share
		Million Yen	Million Yen		%	Yen
As of March 31, 2021	19,540	12,955		66.3	400.87
As of December 31, 2020	22,474	14,676		65.3	454.13
(Reference) Owners' equity:	As of March 31, 2021:		12,950 million yen
		As of December 31, 2020:	14,670 million yen

2. Dividends

				Dividend per share
	Q1		Q2	Q3	Q4	Total
		Yen	Yen	Yen	Yen	Yen
FY2020		－	16.00	－	25.00	41.00
FY2021		－
FY2021 (Forecast)			17.00	－	26.00	43.00

(Note) Revisions to dividends forecast published most recently: No

3. Consolidated Operating Forecast for the Fiscal Year Ended Dec. 31, 2021 (Jan. 1 to Dec. 31, 2021)(Percentage figures refer to comparisons with the preceding fiscal year)

								Net income	Basic EPS
	Revenue		Operating income	Ordinary income	attributable to owners	(Earnings
								of the parent	per share)
	Million Yen		%	Million Yen	%	Million Yen	%	Million Yen	%	Yen
Q1-Q2(cumulative) FY2021	15,300		5.3	3,300	10.6	3,400	12.0	100	-95.1	3.10
FY2021	32,700		12.1	7,400	19.0	7,500	19.6	3,000	-29.7	92.86

(Note) Revisions to operating forecast published most recently: Yes

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• Notes

1. Significant changes in scope of consolidation during this year: No
2. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies and accounting estimates, retrospective restatement

1.	Changes in accounting policies due to amendment of accounting standards, etc.	:	No
2.	Changes in accounting policies other than "1."	:	No
3.	Changes in accounting estimates	:	No
4.	Retrospective restatement	:	No

(4) Number of shares issued (Common stock)
1.	Common stock		as of	34,471,000	shares	as of	34,471,000	shares
	(including treasury stock)		Mar. 31, 2021	December 31, 2020
2.	Treasury stock		as of	2,165,655	shares	as of	2,165,655	shares
	Mar. 31, 2021	December 31, 2020
3.	Average number of shares issued		average during	32,305,345	shares	average during	32,300,689	shares
(cumulative period)		Jan. 1 to Mar. 31, 2021	Jan. 1 to Mar. 31, 2020

* Quarterly review

This outline of quarterly consolidated financial statements is not subject to the quarterly review.

• Note on proper use of the financial forecasts and other special notes (Note on future descriptions)
  This filing contains future description such as financial outlook. They are based on information currently available to the company and on certain assumptions we deem reasonable. They are not intended to constitute the company's guarantee that the outlook and description will be realized. The actual results may differ materially from those described in this filing due to various factors.

(Method to reach supplementary materials)

The supplementary materials on financial results will be posted on the company's website.

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