Welbe : Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022

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February 10, 2022

Summary of Consolidated Financial Results

for the Third Quarter of the Fiscal Year Ending March 31, 2022

((Nine Months Ended December 31, 2021)

		[Japanese GAAP]
Company name:	Welbe, Inc.	Listing: Tokyo Stock Exchange, First Section
Stock code:	6556	URL: https://www.welbe.co.jp
Representative:	Makoto Ohta, Representative Director and President
Contact:	Takao Senga, Director, Vice President, Head of Management Division
	Tel: [phone]
Scheduled date of filing of Quarterly Report:	February 10, 2022

Scheduled date of dividend payment:

Preparation of supplementary materials for quarterly financial results:

Holding of quarterly financial results meeting:

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

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

(1) Consolidated Operating Results				(Percentages represent year-on-year changes)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of Parent
	Million yen		%	Million yen	%	Million yen	%	Million yen	%
Nine months ended Dec. 31, 2021	7,415		21.4	1,955	17.5	2,033	18.7	1,388	17.2
Nine months ended Dec. 31, 2020	6,106		-	1,664	-	1,713	-	1,184	-

Note: Comprehensive income

Nine months ended Mar. 31, 2021:

1,388million yen

( 17.2%)

Nine months ended Mar. 31, 2020:

1,184million yen

( -%)

Earnings per share

Diluted earnings

per share

Yen

Yen

Nine months ended Dec. 31, 2021

48.44

48.22

Nine months ended Dec. 31, 2020

42.00

41.15

Note: Consolidated accounting started from the full year ended March 2021. Therefore, the percentage changes for the nine months

ended December 31, 2021 is not listed.

(2) Consolidated Financial position

Total assets

Net assets

Equity ratio

As of Dec. 31, 2021

Million yen

Million yen

%

10,427

5,553

53.2

As of Mar. 31, 2021

5,473

4,750

86.8

Reference: Shareholders' equity

As of Dec. 31, 2021:

5,547million yen

As of Mar. 31, 2021:

4,750million yen

2. Dividends

Dividends per share

1Q-end

2Q-end

3Q-end

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended Mar. 31, 2021

-

4.70

-

11.30

16.00

Fiscal year ending Mar. 31, 2022

-

8.0088.008.00

-

Fiscal year ending Mar. 31, 2022

-

-

8.10

16.10

(forecast)

Note: Revisions to the most recently

announced dividend forecast: None

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

(Percentages represent year-on-year changes)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of Parent
Full year	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
9,551		16.8	2,658	30.5	2,659	26.4	1,910	25.4	66.58
Note: Revisions to the most recently announced earnings forecasts: None

* Notes

1. Changes in significant subsidiaries during the period under review
   (changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Changes in accounting policies and accounting-based estimates, and restatements
3. 1. Changes in accounting policies due to revisions in accounting standards, others: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting-based estimates: None
   4. Restatements: None
4. Number of shares issued (common stock)
5. 1. Number of shares issued at the end of the period (including treasury shares)

As of Dec. 31, 2021:	28,788,000 shares	As of Mar. 31, 2021:	28,383,000 shares
2) Number of treasury shares at the end of the period
As of Dec. 31, 2021:	129 shares	As of Mar. 31, 2021:	129 shares
3) Average number of shares during the period
Nine months ended Dec. 31, 2021:	28,656,798 shares	Nine months ended Dec. 31,2020:	28,202,281 shares

• This summary report is not subject to audit by certified public accountants or auditing firms.
• Explanation of appropriate use of earnings forecasts, and other special items Cautionary statement with respect to forecasts
  Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to Welbe's management at the time these materials were prepared, but are not promised by Welbe regarding future performance. Actual results may differ significantly from these forecasts for a number of reasons.
  How to view supplementary materials for financial results
  Materials will also be disclosed, using the Timely Disclosure network (TDnet), and available on the company's website.

This financial report is solely a translation of the Company's Kessan Tanshin in Japanese, which has been prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers who prefer an English translation.