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 Six Months Ended September 30, 2021

(Based on Japanese GAAP)

November 10, 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:

November 11, 2021

Scheduled date to commence dividend payments:

December 1, 2021

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 six months ended September 30, 2021 (from April 1, 2021 to September 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

%

Six months ended September 30, 2021

17,551

(1.7)

1,080

8.6

1,093

11.0

717

18.6

Six months ended September 30, 2020

17,860

29.6

995

144.2

985

146.3

604

183.9

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended September 30, 2021

15.91

15.77

Six months ended September 30, 2020

15.59

15.43

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of September 30, 2021

32,245

12,778

39.3

280.59

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

-

6.00

Year ending March 31, 2022 (Forecast)

-

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

-

33.28

1

4. Notes

  1. Changes in significant subsidiaries during the six months ended September 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 September 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 September 30, 2021

622,596

shares

As of March 31, 2021

802,596

shares

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

Six months ended September 30, 2021

45,070,109

shares

Six months ended September 30, 2020

38,786,552

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2021

As of September 30, 2021

Assets

Current assets

Cash and deposits

2,730

4,058

Notes receivable, accounts receivable from completed

19,776

17,757

construction contracts and other

Costs on construction contracts in progress

635

576

Merchandise and finished goods

1,392

1,236

Work in process

97

158

Raw materials and supplies

116

159

Accounts receivable - other

1,902

2,108

Other

17

28

Total current assets

26,669

26,085

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,314

2,268

Land

2,081

2,201

Other, net

790

763

Total property, plant and equipment

5,186

5,234

Intangible assets

95

98

Investments and other assets

Investment securities

410

459

Deferred tax assets

152

231

Other

158

161

Allowance for doubtful accounts

(24)

(24)

Total investments and other assets

698

827

Total non-current assets

5,980

6,160

Total assets

32,649

32,245

3

(Millions of yen)

As of March 31, 2021

As of September 30, 2021

Liabilities

Current liabilities

Notes payable, accounts payable for construction contracts

4,572

4,682

and other

Electronically recorded obligations - operating

2,267

2,042

Short-term borrowings

5,300

4,300

Current portion of long-term borrowings

1,300

1,000

Income taxes payable

748

444

Deposits received

1,039

943

Advances received on construction contracts in progress

829

2,606

Provision for bonuses

-

311

Provision for loss on construction contracts

148

149

Provision for warranties for completed construction

18

18

Other

1,374

590

Total current liabilities

17,597

17,090

Non-current liabilities

Long-term borrowings

2,750

2,250

Other

149

126

Total non-current liabilities

2,899

2,376

Total liabilities

20,497

19,467

Net assets

Shareholders' equity

Share capital

3,114

3,114

Capital surplus

2,776

2,794

Retained earnings

6,386

6,890

Treasury shares

(318)

(247)

Total shareholders' equity

11,958

12,552

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

90

122

Total accumulated other comprehensive income

90

122

Share acquisition rights

103

103

Total net assets

12,152

12,778

Total liabilities and net assets

32,649

32,245

4

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

Consolidated statements of income (cumulative)

(Millions of yen)

Six months ended

Six months ended

September 30, 2020

September 30, 2021

Net sales

17,860

17,551

Cost of sales

15,604

15,127

Gross profit

2,256

2,424

Selling, general and administrative expenses

1,261

1,343

Operating profit

995

1,080

Non-operating income

Interest and dividend income

4

3

Gain on sale of scraps

6

21

Other

14

15

Total non-operating income

25

41

Non-operating expenses

Interest expenses

21

14

Constraction guarantee fee

14

14

Other

0

0

Total non-operating expenses

35

28

Ordinary profit

985

1,093

Profit before income taxes

985

1,093

Income taxes - current

517

495

Income taxes - deferred

(136)

(119)

Total income taxes

380

375

Profit

604

717

Profit attributable to owners of parent

604

717

5

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Br.Holdings Corporation published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 07:16:11 UTC.