YAMADA Consulting : Summary of Consolidated Financial Results for the Three Months Ended June 30,2022（Based on Japanese GAAP）

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

		Summary of Consolidated Financial Results
		for the Three Months Ended June 30, 2022
		(Based on Japanese GAAP)
		August 5, 2022
Company name:	YAMADA Consulting Group Co.,Ltd.
Stock exchange listing:	Tokyo
Stock code:	4792	URL https://www.yamada-cg.co.jp
Representative:	President	Keisaku Masuda

Inquiries:	Director and General Manager of	Hideji Shuto	TEL [phone]
Administration Department
Scheduled date to file Quarterly Securities Report:	August 12, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)							Percentages indicate year-on-year changes
	Net sales			Operating profit	Ordinary profit		Profit attributable to
					owners of parent
	Millions of yen		%	Millions of yen	%	Millions of yen			%	Millions of yen		%
Three months ended June 30, 2022	3,310		30.6	411	-		520			-		345		-
Three months ended June 30, 2021	2,533		(0.3)	(66)	-		(72)			-		(60)		-
	Earnings per share		Diluted earnings per share
			Yen				Yen
Three months ended June 30, 2022			18.14				-
Three months ended June 30, 2021			(3.17)				-
(2) Consolidated financial position
	Total assets			Net assets	Equity ratio
	Millions of yen		Millions of yen					%
As of June 30, 2022		17,902				13,741				75.6
As of March 31, 2022		18,419				13,834				74.0
2. Cash dividends
					Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen			Yen			Yen				Yen			Yen
Year ended March 31, 2022		-		18.00			-				28.00			46.00
Year ending March 31, 2023		-
Year ending March 31, 2023 (Forecast)				23.00			-				24.00			47.00

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Earnings per share
				owners of parent
	Millions of yen	%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
Full year	16,680	13.8	2,700		7.9	2,660		3.4	1,770		3.1	93.00

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of June 30, 2022	19,896,000	shares	As of March 31, 2022	19,896,000	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	872,989	shares	As of March 31, 2022	872,989	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	19,023,011	shares	Three months ended June 30, 2021	19,000,910	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	9,864,630	9,712,886
Notes and accounts receivable - trade	1,325,334	964,839
Securities	626,504	694,328
Operational investment securities	3,965,168	3,965,168
Merchandise and finished goods	99,060	105,684
Raw materials and supplies	116	58
Other	489,178	518,399
Allowance for doubtful accounts	(49,559)	(53,587)
Total current assets	16,320,434	15,907,776
Non-current assets
Property, plant and equipment	472,275	467,124
Intangible assets
Goodwill	399	371
Other	118,062	108,493
Total intangible assets	118,462	108,865
Investments and other assets
Investment securities	109,517	128,860
Leasehold and guarantee deposits	610,168	608,697
Deferred tax assets	220,487	92,717
Other	568,019	588,462
Total investments and other assets	1,508,192	1,418,737
Total non-current assets	2,098,930	1,994,728
Total assets	18,419,364	17,902,504
Liabilities
Current liabilities
Notes and accounts payable - trade	271,670	324,626
Short-term borrowings	2,000,000	2,501,000
Income taxes payable	834,331	58,822
Provision for bonuses	133,188	258,278
Other	1,261,169	917,126
Total current liabilities	4,500,360	4,059,853
Non-current liabilities
Deferred tax liabilities	19,777	21,522
Other	64,803	80,026
Total non-current liabilities	84,580	101,548
Total liabilities		4,584,941	4,161,402

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			(Thousands of yen)
		As of March 31, 2022	As of June 30, 2022
Net assets
Shareholders' equity
Share capital	1,599,538	1,599,538
Capital surplus	1,542,322	1,542,322
Retained earnings	10,900,246	10,712,836
Treasury shares	(510,839)	(510,839)
Total shareholders' equity	13,531,266	13,343,856
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	(2,106)	1,492
Foreign currency translation adjustment	102,142	202,884
Total accumulated other comprehensive income	100,035	204,376
Share acquisition rights	34,447	21,904
Non-controlling interests	168,672	170,964
Total net assets	13,834,422	13,741,102
Total liabilities and net assets		18,419,364	17,902,504

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	2,533,949	3,310,922
Cost of sales	276,991	353,501
Gross profit	2,256,958	2,957,421
Selling, general and administrative expenses	2,323,279	2,545,662
Operating profit (loss)	(66,320)	411,759
Non-operating income
Interest income	3,197	4,076
Foreign exchange gains	-	104,732
Subsidy income	1,045	-
Other	3,439	16,946
Total non-operating income	7,682	125,755
Non-operating expenses
Interest expenses	1,674	1,473
Loss on investments in investment partnerships	1,324	-
Foreign exchange losses	4,176	-
Commission expenses	5,916	11,361
Other	469	4,323
Total non-operating expenses	13,561	17,158
Ordinary profit (loss)	(72,199)	520,356
Profit (loss) before income taxes	(72,199)	520,356
Income taxes - current	29,859	43,034
Income taxes - deferred	(39,264)	135,749
Total income taxes	(9,404)	178,783
Profit (loss)	(62,795)	341,572
Loss attributable to non-controlling interests	(2,557)	(3,662)
Profit (loss) attributable to owners of parent		(60,238)	345,235

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