July 29, 2022

Consolidated Financial Results for the Three Months Ended June 30, 2022【Japanese GAAP】

Summary of Quick Financial Announcement of Consolidated Financial Information for the Three Months Ended June 30, 2022.

Company name: AUTOBACS SEVEN CO., LTD.

Code number: 9832

(URL https://www.autobacs.co.jp/) Headquarters: Tokyo, Japan

Company Representative: Yugo Horii, Representative Director, Chief Executive Officer

Contact for further information: Hiroyuki Takano, General Manager, Finance & Accounting Department

Telephone: +81-3-6219-8787

Stock exchange listing: Tokyo

Submission of Quarterly Business Report: August 5, 2022

Start of cash dividend payments: -

Supplementary quarterly materials prepared: Yes

Quarterly results information meeting held: None

1. Results for the three months ended June 30, 2022 (From April 1, 2022 to June 30, 2022)

(Note: Amounts less than 1 million Yen have been rounded down. A figure in ( ) indicates a loss or a negative figure.)

(1) Results of operations:

(Unit: Millions of Yen except for per share information, and % information which indicates increase or decrease( ).)

Net sales

Operating income

Ordinary income

Three months ended

％

％

％

June 30, 2022

52,853

1.1

1,564

3.1

1,821

6.6

Three months ended

June 30, 2021

52,283

-

1,517

-

1,708

-

Note: Comprehensive income:

3,214 million yen for the Three months ended June 30, 2022: 124.3%

1,433 million yen for the Three months ended June 30, 2021: -%

Profit attributable to

Basic net income

Basic net income per

owners of parent

per share (Yen)

share - diluted (Yen)

Three months ended

％

June 30, 2022

1,755

62.8

22.52

-

Three months ended

June 30, 2021

1,078

-

13.50

-

Note: The Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), etc. had been applied since the beginning of the three months of the consolidated fiscal year ended June 30, 2021. Accordingly, the figures for the three months ended June 30, 2021 reflect said accounting standard, etc., and increase or decrease rates from the same quarter of the previous year are not indicated.

1

  1. Financial position:
    (Unit: Millions of Yen except for per share information)

Net assets per

Total assets

Total net assets

Equity ratio

share (Yen)

Three months ended

％

June 30, 2022

183,372

123,774

67.3

1,583.55

Fiscal year ended

March 31, 2022

189,910

122,892

64.5

1,572.48

(Reference) Equity: Three months ended June 30, 2022: 123,411 million Yen

Fiscal year ended March 31, 2022: 122,549 million Yen

2. Dividends

Dividends per share

(Yen)

Three months

Second Quarter

Third Quarter

Year -end

Annual

Fiscal year ended

March 31, 2022

-

30.00

-

30.00

60.00

Fiscal year ended

March 31, 2023

-

-

-

-

-

Fiscal year ended

March 31, 2023

(forecast)

-

30.00

-

30.00

60.00

Note: Revisions to dividend forecasts published most recently: None

3. Forecast for the fiscal year ending March 2023 (from April 1, 2022 to March 31, 2023)

(Unit: Millions of Yen, percentage figures denote year-on-year change)

Net sales

Operating income

Ordinary income

％

％

％

Annual

230,000

0.6

10,000

(13.4)

10,300

(8.4)

Profit attributable to

Basic net income

owners of parent

per share (Yen)

％

Annual

6,900

(1.6)

88.54

Note: Revisions to financial forecasts published most recently: None

2

4. Other

  1. Significant changes in scope of consolidation: None
  2. Adoption of special accounting policies for quarterly financial statements: None
  3. Changes in accounting policies, accounting estimation change and restatement

1.

Changes due to changes in accounting standard

: None

2.

Changes due to changes in accounting standard except (3)-1.

: None

3.

Changes due to accounting estimation change

: None

4.

Restatement

: None

  1. Shares outstanding (common stock)
    1. Number of shares outstanding (including treasury stock)
      Three months ended June 30, 2022: 82,050,105 shares
      Fiscal year ended March 31, 2022: 82,050,105 shares
    2. Number of treasury stock at the end of period

Three months ended June 30, 2022: 4,116,868 shares

Fiscal year ended March 31, 2022: 4,116,555 shares

3. Average shares outstanding over quarter

Three months ended June 30, 2022: 77,933,409 shares

Three months ended June 30, 2021: 79,856,786 shares

※These financial results are not subject to quarterly review procedures by certified public accountants or auditing firms.

※Statement regarding the proper use of financial forecasts and other special remarks (Statement regarding the proper use of financial forecasts)

These forecast performance figures are based on the information currently available to the Company's management and certain assumptions judged rational. Accordingly, these might be cases in which actual results materially differ from forecasts of this report.

*Qualitative information will be updated as soon as the English translation is completed.

3

6. Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Assets

Current assets

Cash and deposits

24,800

29,168

Notes and accounts receivable - trade

25,842

24,239

Merchandise

21,516

23,135

Accounts receivable - other

25,778

16,707

Other

10,033

9,603

Allowance for doubtful accounts

(54)

(57)

Total current assets

107,917

102,796

Non-current assets

Property, plant and equipment

Land

24,529

24,533

Other, net

20,738

20,738

Total

property,

plant

and

45,268

45,272

equipment

Intangible assets

Goodwill

2,215

2,184

Other

6,735

7,061

Total intangible assets

8,951

9,245

Investments and other assets

Guarantee deposits

12,744

12,284

Other

15,046

13,790

Allowance for doubtful accounts

(16)

(17)

Total investments and other assets

27,773

26,057

Total non-current assets

81,993

80,576

Total assets

189,910

183,372

Liabilities

Current liabilities

Notes and accounts payable - trade

17,702

15,338

Short-term borrowings

1,724

1,787

Accounts payable - other

14,480

12,188

Income taxes payable

1,987

491

Other

10,901

12,184

Total current liabilities

46,795

41,989

Non-current liabilities

Long-term borrowings

4,917

5,274

Provisions

19

19

Retirement benefit liability

3,233

330

Asset retirement obligations

2,675

2,695

Other

9,377

9,288

Total non-current liabilities

20,223

17,608

Total liabilities

67,018

59,598

4

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Net assets

Shareholders' equity

Share capital

33,998

33,998

Capital surplus

34,156

34,156

Retained earnings

59,442

58,858

Treasury shares

(7,016)

(7,016)

Total shareholders' equity

120,581

119,997

Accumulated

other

comprehensive

income

Valuation

difference

on

2,308

1,990

available-for-sale securities

Foreign

currency

translation

1,065

1,423

adjustment

Remeasurements of

defined

benefit

(1,406)

－

plans

Total

accumulated

other

1,967

3,413

comprehensive income

Non-controlling interests

342

363

Total net assets

122,892

123,774

Total liabilities and net assets

189,910

183,372

5

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Autobacs Seven Co. Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 06:23:01 UTC.