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, 2021

(Based on Japanese GAAP)

August 6, 2021

Company name:

Br. Holdings Corporation

Stock exchange listing:

Tokyo

Stock code:

1726

URL https://www.brhd.co.jp

Representative:

President

Kimiyasu Fujita

Inquiries:

Director, General Manager, Administration

Takeshi Amatsu

TEL 082-261-2860

Division

Scheduled date to file Quarterly Securities Report:

August 12, 2021

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, 2021 (from April 1, 2021 to June 30, 2021)

(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, 2021

8,756

(0.7)

738

48.4

749

52.2

504

65.1

Three months ended June 30, 2020

8,815

39.2

497

409.5

492

420.4

305

765.1

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2021

11.21

11.11

Three months ended June 30, 2020

7.90

7.82

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of June 30, 2021

29,647

12,440

41.6

274.21

As of March 31, 2021

32,649

12,152

36.9

267.80

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, 2021

-

5.00

-

6.00

11.00

Year ending March 31, 2022

-

Year ending March 31, 2022 (Forecast)

6.00

-

6.00

12.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

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

39,000

-

2,350

-

2,300

-

1,500

-

38.26

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended June 30, 2021 (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, 2021

45,795,000

shares

As of March 31, 2021

45,795,000

shares

Number of treasury shares at the end of the period

As of June 30, 2021

802,596

shares

As of March 31, 2021

802,596

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2021

44,992,404

shares

Three months ended June 30, 2020

38,704,204

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Assets

Current assets

Cash and deposits

2,730

4,212

Notes receivable, accounts receivable from completed

19,776

15,333

construction contracts and other

Costs on construction contracts in progress

635

507

Merchandise and finished goods

1,392

1,180

Work in process

97

107

Raw materials and supplies

116

155

Accounts receivable - other

1,902

2,152

Other

17

50

Total current assets

26,669

23,701

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,314

2,289

Land

2,081

2,201

Other, net

790

666

Total property, plant and equipment

5,186

5,157

Intangible assets

95

94

Investments and other assets

Investment securities

410

405

Deferred tax assets

152

157

Other

158

155

Allowance for doubtful accounts

(24)

(24)

Total investments and other assets

698

693

Total non-current assets

5,980

5,946

Total assets

32,649

29,647

3

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Liabilities

Current liabilities

Notes payable, accounts payable for construction contracts

4,572

5,037

and other

Electronically recorded obligations - operating

2,267

2,092

Short-term borrowings

5,300

1,800

Current portion of long-term borrowings

1,300

1,000

Income taxes payable

748

199

Deposits received

1,039

1,673

Advances received on construction contracts in progress

829

1,880

Provision for bonuses

-

158

Provision for loss on construction contracts

148

144

Provision for warranties for completed construction

18

18

Other

1,374

559

Total current liabilities

17,597

14,563

Non-current liabilities

Long-term borrowings

2,750

2,500

Other

149

143

Total non-current liabilities

2,899

2,643

Total liabilities

20,497

17,206

Net assets

Shareholders' equity

Share capital

3,114

3,114

Capital surplus

2,776

2,776

Retained earnings

6,386

6,678

Treasury shares

(318)

(318)

Total shareholders' equity

11,958

12,250

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

90

87

Total accumulated other comprehensive income

90

87

Share acquisition rights

103

103

Total net assets

12,152

12,440

Total liabilities and net assets

32,649

29,647

4

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

Consolidated statements of income (cumulative)

(Millions of yen)

Three months ended

Three months ended

June 30, 2020

June 30, 2021

Net sales

8,815

8,756

Cost of sales

7,751

7,403

Gross profit

1,064

1,352

Selling, general and administrative expenses

566

613

Operating profit

497

738

Non-operating income

Interest and dividend income

3

3

Gain on sale of scraps

2

14

Other

9

9

Total non-operating income

16

27

Non-operating expenses

Interest expenses

10

7

Constraction guarantee fee

12

9

Other

0

0

Total non-operating expenses

22

17

Ordinary profit

492

749

Profit before income taxes

492

749

Income taxes - current

220

266

Income taxes - deferred

(33)

(21)

Total income taxes

186

244

Profit

305

504

Profit attributable to owners of parent

305

504

5

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Br.Holdings Corporation published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 07:09:12 UTC.