Gecoss : Consolidated Financial Results for the Three Months Ended June 30, 2020 (Japanese GAAP)

Consolidated Financial Results for the Three Months Ended June 30, 2020 (Japanese GAAP)

GECOSS CORPORATION

Tokyo, Japan

July 28, 2020

Stock code:	9991 (URL:https://www.gecoss.co.jp)	Shares listed: Tokyo Stock Exchange
Representative:	Manabu Umakoshi, President and CEO
Contact:	Takashi Togi, General Manager, General Administration Department	Phone: [phone]
Scheduled date of quarterly securities report:	August 3, 2020

Scheduled commencement date of dividend payments:

Preparation of quarterly earnings presentation materials: Holding of quarterly earnings announcement:

―

Yes

Yes (for analysts and institutional investors)

(All amounts are rounded up or down to the nearest million yen.)

1. Results for the three months ended June 30, 2020 (From April 1, 2020 to June 30, 2020)

(1) Consolidated results of operations:

(Millions of yen) (Percentage changes relative to previous corresponding period)

	Net sales			Operating income	Ordinary income	Profit attributable to
			owners of parent
			%		%			%			%
Three months ended June 30, 2020	¥24,484		(8.4)	¥1,324	7.2	¥1,440		7.7	¥1,021		11.5
Three months ended June 30, 2019	¥26,719		3.1	¥1,235	(3.6)	¥1,338		(3.0)	¥916		(0.6)
Note: Comprehensive income	Three months ended June 30, 2020:	937 million yen [21.8%]
	Three months ended June 30, 2019:	769 million yen [(26.1)%]
	Basic earnings		Diluted earnings
	per share			per share
		Yen			Yen
Three months ended June 30, 2020	¥28.06				―
Three months ended June 30, 2019	¥25.17				―

(2) Consolidated financial position:

			(Millions of yen)
	Total assets	Net assets	Equity capital ratio
			%
As of June 30, 2020	¥93,335	¥56,000	60.0
As of Mar. 31, 2020	¥98,881	¥55,791	56.4

Reference: Shareholders' equity	As of June 30, 2020:	55,997 million yen
		As of Mar. 31, 2020:	55,788 million yen
2. Dividend payments
					Dividends per share
		First Quarter	Second Quarter		Third Quarter	Year-end	Total
		Yen		Yen		Yen	Yen	Yen
Year ended Mar. 31, 2020		―		¥15.00		―	¥20.00	¥35.00
Year ending Mar. 31, 2021		―
Year ending Mar. 31, 2021				¥15.00		―	¥20.00	¥35.00
(Forecast)
Notes: Revision to the forecast for dividends announced most recently: Yes

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3. Earnings forecast for the year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

(Millions of yen) (% indicates changes from the previous corresponding period)

	Net sales		Operating income	Ordinary income		Profit attributable to		Basic earnings
			owners of parent		per share
			%		%			%			%	Yen
First half	¥51,100		(7.1)	¥2,700	4.0	¥2,850	1.6		¥1,950	2.1		¥53.58
Full year	¥114,000		(0.3)	¥6,450	2.1	¥6,800	1.4		¥4,650	5.5		¥127.76

Note: Revision to the forecast for earnings announced most recently: Yes

* Notes to the Consolidated Financial Results

1. Changes in significant subsidiaries during the period
   (changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates and re-disclosure of revisions
4. 1. Changes in accounting policies pursuant to revision in accounting standards, etc.: None
   2. Changes in accounting policies other than those in (i) above: None
   3. Changes in accounting estimates: None
   4. Re-disclosureof revisions: None
5. Number of issued shares (common stock)

					(Unit: shares)
1)	Number of issued shares at end of period	June 30, 2020:	36,436,125	Mar. 31, 2020:	36,436,125
	(including treasury stock)
2)	Number of shares of treasury stock at end of	June 30, 2020:	39,425	Mar. 31, 2020:	39,281
	period
3)	Average number of shares during period	Three months ended	36,396,790	Three months ended	36,397,420
June 30, 2020:	June 30, 2019:

• This quarterly earnings report is exempt from the auditing procedures by certified public accountants or audit corporations.
• Summaries for relevant use of forecasts and other specific affairs

The forecasts presented above are estimates based on information available to management at the time this report was prepared. Actual results may differ from any forecasts presented herein due to various factors.

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