GMO Pepabo : Consolidated Financial Results for the Six Months Ended June 30, 2022

Consolidated Financial Results

for the Six Months Ended June 30, 2022

[Japanese GAAP]

August 4, 2022

Company name: GMO Pepabo, Inc.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3633

URL: https://pepabo.com/

Representative: Kentaro Sato, CEO and President

Contact: Yoshito Igashima, CFO and Board Director

Phone: [phone]

Scheduled date of filing quarterly securities report: August 12, 2022

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Six Months Ended June 30, 2022 (from January 1, 2022 to June 30, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Six months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2022	5,106	(14.2)	248	(45.9)	258	(45.1)	182	(49.5)
	June 30, 2021	5,950	11.2	459	(26.4)	470	(29.3)	362	(8.2)

(Note) Comprehensive income: Six months ended June 30, 2022: ¥111 million [(75.7)%] Six months ended June 30, 2021: ¥461 million [17.7%]

	Basic earnings	Diluted earnings
	per share	per share
Six months ended	Yen	Yen
June 30, 2022	34.45	-
June 30, 2021	68.50	68.03

(Note) Diluted earnings per share for the six months ended June 30, 2022 are not stated because there were no dilutive shares.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of June 30, 2022	10,152	2,473	24.3
As of December 31, 2021	8,870	2,953	32.9

(Reference) Equity: As of June 30, 2022: ¥2,467 million

As of December 31, 2021: ¥2,915 million

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2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31,

0.00

0.00

0.00

68.00

68.00

2021

Fiscal year ending December 31,

0.00

0.00

2022

Fiscal year ending December 31,

0.00

74.00

74.00

2022 (Forecast)

(Note) Revision to the dividends forecast most recently announced: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (from January 1, 2022 to December 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Basic earnings
		to owners of parent	per share
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	11,482	(3.3)	1,143	28.7	1,156	19.5	785	9.7	147.92

(Note) Revision to the financial results forecast most recently announced: No

(Note) The Company has adopted the Accounting Standard for Revenue Recognition, etc. (hereinafter "Revenue Recognition Standard") from the beginning of the first quarter of the fiscal year ending December 31, 2022. Accordingly, the forecasts are based on the application of the said standard, etc. In accordance with the previous standard, for the fiscal year ending December 31, 2022, the Company forecasts net sales of ¥13,674 million (up 15.1% year-on-year), operating profit of ¥1,135 million (up 27.7% year-on-year), ordinary profit of ¥1,148 million (up 18.6% year-on-year), and profit attributable to owners of parent of ¥779 million (up 8.9% year-on-year).

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* Notes:

1. Changes in significant subsidiaries during the six months ended June 30, 2022: No (Changes in specified subsidiaries resulting in changes in scope of consolidation) New: None
   Excluded: None
2. Adoption of special accounting methods in preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury stock):

June 30, 2022: 5,468,700 shares

December 31, 2021: 5,468,700 shares

1. Total number of treasury stock at the end of the period: June 30, 2022: 191,657 shares
   December 31, 2021: 161,721 shares
2. Average number of shares during the period:

Six months ended June 30, 2022: 5,309,093 shares

Six months ended June 30, 2021: 5,285,964 shares

• These quarterly financial results are outside the scope of quarterly review by certified public accountants or audit firms.
• Explanation of the proper use of financial results forecast and other notes

The statements concerning future performance presented in this document are based on currently available information and certain preconditions which the Company believes to be reasonable at this time and does not constitute a guarantee of the Company to achieve. Actual results may be substantially different from these forecasts presented herein due to various factors.

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