Gecoss : Consolidated Financial Results for the Year Ended March 31, 2021 (Japanese GAAP)

Consolidated Financial Results for the Year Ended March 31, 2021 (Japanese GAAP)

GECOSS CORPORATION

Tokyo, Japan

			April 23, 2021
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 annual general meeting of shareholders:	June 17, 2021
Scheduled commencement date of dividend payments:	June 18, 2021
Scheduled filing date of securities report:	June 17, 2021
Preparation of earnings presentation materials:	Yes
Holding of earnings announcement:	Yes (for analysts and institutional investors)
	(All amounts are rounded up or down to the nearest million yen.)

1. Results for the year ended March 31, 2021 (From April 1, 2020 to March 31, 2021)

(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
			%		%		%			%
Year ended Mar. 31, 2021	¥110,206		(3.6)	¥6,072	(3.9)	¥6,500	(3.1)	¥4,549		3.2
Year ended Mar. 31, 2020	¥114,327		5.5	¥6,316	5.1	¥6,708	4.7	¥4,406		1.2

Note: Comprehensive income	Year ended Mar. 31, 2021:	5,277 million yen [35.5%]
	Year ended Mar. 31, 2020:	3,895 million yen [(10.2)%]
	Basic earnings	Diluted earnings	Rate of return	Ordinary income/	Operating income/
	per share		per share		on equity	Total assets	Net sales
	Yen			Yen	%	%	%
Year ended Mar. 31, 2021	¥124.97			―	7.9	6.4	5.5
Year ended Mar. 31, 2020	¥121.05			―	8.1	6.7	5.5
Reference: Income (loss) on investment by the equity method of accounting	Year ended Mar. 31, 2021: 239 million yen
				Year ended Mar. 31, 2020: 288 million yen

(2) Consolidated financial position:

					(Millions of yen)
	Total assets		Net assets	Equity capital ratio	Net assets per share
				%	Yen
As of Mar. 31, 2021	¥102,847	¥59,794	58.1	¥1,642.82
As of Mar. 31, 2020	¥98,881	¥55,791	56.4	¥1,532.77
Reference: Shareholders' equity	As of Mar. 31, 2021:	59,792 million yen
	As of Mar. 31, 2020:	55,788 million yen
(3) Consolidated cash flows:					(Millions of yen)
	Cash flows from		Cash flows from	Cash flows from	Cash and cash equivalents
	operating activities		investing activities	financing activities	at end of year
Year ended Mar. 31, 2021	¥8,504	¥(2,432)	¥(1,275)	¥7,017
Year ended Mar. 31, 2020	¥11,315	¥(3,916)	¥(5,934)	¥2,225

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2. Dividend payments

		Dividends per share			Total	Dividend		Dividends/
							dividends	payout ratio		Net assets
	First	Second	Third	Year-end	Total
	Quarter	Quarter	Quarter		(Total)	(Consolidated)		(Consolidated)
	Yen	Yen	Yen	Yen	Yen		Millions of	%	%
		yen
Year ended Mar. 31, 2020	―	¥15.00	―	¥20.00	¥35.00	¥1,274	28.9	2.3
Year ended Mar. 31, 2021	―	¥15.00	―	¥20.00	¥35.00	¥1,274	28.0	2.2
Year ending Mar. 31, 2022	―	¥15.00	―	¥20.00	¥35.00			31.5
(Forecast)

3. Earnings forecast for the year ending March 31, 2022 (From April 1, 2021 to March 31, 2022)

(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	¥51,500		1.3	¥2,050	(25.0)	¥2,250	(24.0)	¥1,550	(25.3)	¥42.59
Full year	¥111,000		0.7	¥5,550	(8.6)	¥5,900	(9.2)	¥4,050	(11.0)	¥111.27

* 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. Changes in accounting policies, changes in accounting estimates and re-disclosure of revisions
3. 1. Changes in accounting policies pursuant to revision in accounting standards, etc.: Yes
   2. Changes in accounting policies other than those in (i) above: None
   3. Changes in accounting estimates: None
   4. Re-disclosureof revisions: None
4. Number of issued shares (common stock)

					(Unit: shares)
1)	Number of issued shares at end of period	Mar. 31, 2021:	36,436,125	Mar. 31, 2020:	36,436,125
	(including treasury stock)
2)	Number of shares of treasury stock at end of	Mar. 31, 2021:	39,855	Mar. 31, 2020:	39,281
	period
3)	Average number of shares during period	Mar. 31, 2021:	36,396,588	Mar. 31, 2020:	36,397,238

• This 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 earnings forecast and other forward-looking statements presented in this document are prepared based on currently available information and certain preconditions that the Company believes to be reasonable, and do not constitute any guarantee of future performance achievements. Actual results may substantially differ from any forecasts presented herein due to various factors.

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