*This document is a translation of the original Japanese document and does not contain all details of it.

*This document has been prepared for reference only in accordance with accounting principles generally accepted in Japan. *If there is any discrepancy between this document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Statements

for the First Quarter of the Fiscal Year Ending March 31, 2021

[Japan GAAP]

August 3, 2020

Stock Exchange Listing: Tokyo (First Section)

Company Name: GSI Creos Corporation

Code Number:

8101

URL http://www.gsi.co.jp

Representative:

Tadaaki Yoshinaga Representative Director, President and CEO

Inquiries:

Kunihiro Ono

Executive Officer, General Manager of Corporate Planning Department Tel: +81-3-5211-1802

Scheduled Date of Quarterly Report Filing:

August 7, 2020

Scheduled Date of Dividend Payments Commencement:

―

Supplementary Documents for Quarterly Financial Statements:

Yes

Holding of Quarterly Financial Results Meeting:

No

(Note: Amounts less than one million of yen have been rounded down.)

1. Consolidated Results for the First Quarter of the Fiscal Year Ending March 31, 2021 (April 1, 2020 to June 30, 2020)

(1) Consolidated Operating Results (Cumulative Total)

(Percentage figures represent changes from the same period of the previous year.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

First quarter ended June 30, 2020

26,212

4.1

875

507.0

872

410.3

565

118.8

First quarter ended June 30, 2019

25,185

(20.1)

144

(61.6)

170

(60.1)

258

(13.5)

(Note) Comprehensive income

First

quarter ended June 30, 2020

:

3,599 millions of yen

― %

First quarter ended June 30, 2019

:

291 millions of yen

14.3 %

Net income

Diluted net income

per share

per share

Yen

Yen

First quarter ended June 30, 2020

90.34

―

First quarter ended June 30, 2019

40.94

―

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

June 30, 2020

58,868

22,510

38.2

March 31, 2020

58,532

19,193

32.8

(Reference) Equity capital

June 30, 2020

:

22,510 millions of yen

March 31, 2020

:

19,193 millions of yen

2. Dividends

Annual dividend per share

1Q

2Q

3Q

Fiscal year end

Annual

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2020

―

―

―

45.00

45.00

Fiscal year ending March 31, 2021

―

Fiscal year ending

―

―

50.00

50.00

March 31, 2021 (Forecast)

(Note) Revisions to the dividend forecast published most recently

: Yes

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2021 (April 1, 2020 to March 31, 2021)

(Percentage figures represent changes from the same period of the previous year.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Net income

owners of parent

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full fiscal year

110,000

(4.8)

2,100

76.2

2,000

64.8

1,300

28.8

207.65

(Note) Revisions to the consolidated results

forecasts published

most recently

: Yes

－ 1 ー

* Notes

(1)

Changes in Significant Subsidiaries During the Period

(Changes in Specified Subsidiaries Associated with Changes in the Scope of Consolidation)

: No

(2)

Application of Special Accounting Methods to the Preparation of Quarterly Financial Statements

: No

(3)

Changes in Accounting Policies and Estimates, and Retrospective Restatement

ⅰ Changes in accounting policies due to revisions of accounting standards and other regulations

: No

ⅱ Changes in accounting policies other than in (ⅰ) : No

ⅲ Changes in accounting estimates : No

  1. ⅳ Retrospective restatement : No

  2. Number of Shares Issued and Outstanding (Common Stock)
    ⅰ Number of shares issued and outstanding at the end of period (including treasury stock)

June 30, 2020

6,464,971

shares

March 31, 2020

6,464,971

shares

ⅱ Number of treasury stock at the end of period

June 30, 2020

204,491

shares

March 31, 2020

204,402

shares

ⅲ Average number of shares during the period

Three months ended June 30, 2020

6,260,502

shares

Three months ended June 30, 2019

6,316,023

shares

  • This quarterly report is out of scope of the quarterly review procedure performed by a certified public accountant or audit corporation.
  • Cautionary Statement with Respect to Forecasts of Consolidated Business Results and Special Notes

Earning forecasts and other forecasts presented in this report are based on information available and assumptions deemed reasonable at the time. Therefore, they do not constitute a guarantee that they will be realized. Actual results could differ significantly from forecasts due to a variety

of factors.

－ 2 ー

Quarterly Consolidated Financial Statements

(1)Quarterly Consolidated Balance Sheets

(Millions of yen)

Previous fiscal year

First quarter,

current fiscal year

(March 31, 2020)

(June 30, 2020)

Assets

Current assets

Cash and deposits

11,899

11,067

Notes and accounts receivable-trade

25,432

23,050

Merchandise

9,382

9,312

Goods in transit

264

181

Other

1,469

1,112

Allowance for doubtful accounts

(190)

(198)

Total current assets

48,258

44,526

Non-current assets

Property, plant and equipment

4,425

4,380

Intangible assets

463

436

Investments and other assets

5,384

9,525

Total non-current assets

10,273

14,342

Total assets

58,532

58,868

Liabilities

Current liabilities

Notes and accounts payable-trade

21,124

16,252

Short-term loans payable

13,757

14,736

Current portion of long-term loans payable

136

112

Income taxes payable

89

252

Provision

469

276

Other

3,021

3,130

Total current liabilities

38,599

34,762

Non-current liabilities

Long-term loans payable

173

149

Retirement benefit liability

125

110

Other

440

1,334

Total non-current liabilities

739

1,594

Total liabilities

39,339

36,357

Net assets

Shareholders' equity

Capital stock

7,186

7,186

Capital surplus

855

855

Retained earnings

11,754

12,038

Treasury stock

(245)

(246)

Total shareholders' equity

19,550

19,834

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(284)

2,807

Deferred gains or losses on hedges

0

3

Foreign currency translation adjustment

(114)

(175)

Remeasurements of defined benefit plans

41

41

Total accumulated other comprehensive income

(357)

2,676

Total net assets

19,193

22,510

Total liabilities and net assets

58,532

58,868

－ 3 ー

(2)Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of

Comprehensive Income

(Quarterly Consolidated Statements of Income)

(Cumulative First Quarter)

(Millions of yen)

Cumulative first quarter,

Cumulative first quarter,

previous fiscal year

current fiscal year

(April 1, 2019-

(April 1, 2020-

June 30, 2019)

June 30, 2020)

Net sales

25,185

26,212

Cost of sales

22,327

22,781

Gross profit

2,857

3,430

Selling, general and administrative expenses

2,713

2,554

Operating profit

144

875

Non-operating income

Interest income

33

47

Dividends income

44

48

Other

30

31

Total non-operating income

107

127

Non-operating expenses

Interest expenses

45

44

Foreign exchange losses

3

36

Other

31

50

Total non-operating expenses

80

130

Ordinary profit

170

872

Extraordinary losses

Loss on retirement of non-current assets

0

0

Loss on valuation of investment securities

－

14

Loss on valuation of investments in capital

－

20

Total extraordinary losses

0

35

Income before income taxes

170

836

Income taxes-current

53

256

Income taxes-deferred

(140)

14

Total income taxes

(87)

271

Profit

258

565

Profit attributable to owners of parent

258

565

－ 4 ー

(Quarterly Consolidated Statements of Comprehensive Income)

(Cumulative First Quarter)

(Millions of yen)

Cumulative first quarter,

Cumulative first quarter,

previous fiscal year

current fiscal year

(April 1, 2019-

(April 1, 2020-

June 30, 2019)

June 30, 2020)

Profit

258

565

Other comprehensive income

Valuation difference on available-for-sale securities

26

3,091

Deferred gains or losses on hedges

(9)

3

Foreign currency translation adjustment

18

(60)

Remeasurements of defined benefit plans, net of tax

(2)

(0)

Total other comprehensive income

32

3,033

Comprehensive income

291

3,599

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

291

3,599

－ 5 ー

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GSI Creos Corporation published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 06:02:04 UTC