Take and Give Needs : Financial Report for the 1Q fiscal year ending March 31,2021

TAKE and GIVE NEEDS

Consolidated Financial Report

for the 1Q fiscal year ending March 31,2021

Tokyo, Aug 7, 2020

Stock Code :	4331 TSE 1st Section
Representative :	Kenji Iwase, Representative Director ,President
Contact :	Masahiro Tanida, Director
TEL :	[phone]
URL :	https://www.tgn.co.jp/company/english/company/

1. Consolidated Financial Results

(Millions of yen: amounts are rounded down to nearest million yen)

1. Results of Operations

Total sales

Operating

Recurring

Net income

EPS

profit

profit

attributable to owners of

the parent

JPY mn

%

JPY mn

%

JPY mn

%

JPY mn

%

JPY

June 30,2020

2,602

△83.7

△3,483

-

△3,563

-

△5,992

-

△462.50

June 30,2019

16,012

1.3

854

△0.4

821

14.2

468

△2.4

36.19

Note
"%" indicates the year-on-year percentage change
Comprehensive income 1Q/FY ending March 31,2021	：△6,182 million yen
1Q/FY ended March 31,2020	：	439 million yen

1. Financial Position

	Total Assets	Net Assets	Equity Ratio
	JPY mn	JPY mn	JPY mn
June 30,2020			30.8
56,672	17,488
June 30,2019	58,197	23,797	40.6
Reference
Shareholders' equity	1Q/FY ending March 31,2021	： 17,481 million yen
	FY ended March 31,2020	： 23,611 million yen

1. Forecast for the year ending March 31, 2021

Total sales

Operating

Recurring

Net income

EPS

profit

profit

attributable to owners of

the parent

JPY mn

%

JPY mn

%

JPY mn

%

JPY mn

%

JPY

Year ending

△1,273.49

22,000

△65.5

△15,000

-

△15,500

-

△16,500

-

Mar. 31,2021

~25,000

~△60.7

~△12,000

~△12,500

~△13,000

~△1,003.36

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2. Note

1. Significant changes in scope of consolidation(changes in scope of consolidation of specifies subsidiaries): No
2. Application of accounting treatment peculiar to quarterly consolidated financial statement preparation: Yes
3. Changes in accounting policies and accounting estimates
4. 1. Changes in accounting policies by the revision of accounting standard: No
   2. Changes in accounting policies other than those in [1]: No
   3. Changes in accounting estimates: No
   4. Restatement: No

1. Number of shares issued(common stock)
2. 1. Number of shares issued (including treasury stock)
   2. Number of shares of treasury stock
   3. Number of average shares outstanding during April 1,2020-Jun,30 2020

As of	13,059,330	As of	13,059,330
June	March
Shares	Shares
30,2020	31,2020
As of	100,072	As of	104,412
June	March
Shares	Shares
30,2020	31,2020
As of	12,956,476	As of	12,952,899
June	June
Shares	Shares
30,2020	30,2019

*This consolidated financial report is not subject to review procedures by certified public accountants or an audit firm.

*Note to forecasts on the consolidated results of operations and other items.

Descriptions regarding the future are estimated based on the information that the Company is able to obtain at the present point in time and assumptions which are deemed to be reasonable. However, actual results may be different due to various factors.

*Supplementary materials on financial results can be found on the website"TDnet".

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Contents

1. Consolidated Financial Results	1
(1)	Results of Operations	1
(2) Financial Position	1
(3)	Forecast for the year ending March 31, 2021	1
2. Note	2
3.Consolidated Financial Statements	4
(1)	Consolidated balance sheet	4
(2) Consolidated statement of income and comprehensive income	6
(3) Notes on consolidated financial statements	8

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3 .Consolidated Financial Statements
(1) Consolidated balance sheet				Million yen, rounded down
	As of Mar.31, 2020		As of June 30, 2020
ASSETS
Current assets
Cash and deposits	6,455		6,005
Trade accounts receivable				369
		642
Trade loans receivable			2,774		2,419
Merchandise			174		163
Supplies			90		95
Prepaid expenses			1,049		690
Other current assets			309		501
Allowance for doubtful accounts			△68		△72
Total current assets	11,428		10,172
Fixed assets
Tangible fixed assets
Buildings and structures			35,330
		35,260
Accumulated depreciation and accumulated impairment loss			△17,973		△19,440
Buildings and structures (net)	17,286		15,890
Machinery and vehicles	123		123
Accumulated depreciation and accumulated impairment loss			△111		△119
Machinery and vehicles (net)	11		3
Furniture, tools and fixtures	7,333		7,460
Accumulated depreciation and accumulated impairment loss			△6,025		△6,348
Furniture, tools and fixtures (net)	1,307		1,112
Land	15,284		15,271
Lease assets			4,436
		4,460
Accumulated depreciation and accumulated impairment loss			△1,550		△1,583
Lease assets (net)	2,910		2,852
Construction in progress	324		552
Total tangible fixed assets	37,124		35,682
Intangible fixed assets
Goodwill			83
		101
Other			361		268
Total intangible fixed assets	462		352
Investment and other assets
Investment securities	21		20
Long-term loans	134		130
Long-term prepaid expenses			133
		166
Deferred tax assets			3,118		4,495
Security deposits			5,808
			5,750
Other			127		127
Allowance for doubtful accounts			△193		△193
Total investment and other assets	9,182		10,465
Total fixed assets	46,769		46,499
Total Assets	58,197		56,672

4

			Million yen, rounded down
	As of Mar.31, 2020		As of June 30,2020
LIABILITIES
Current liabilities
Trade accounts payable	1,313		266
Short-term borrowings	2,330		7,890
Current portion of long-term borrowings	5,554		5,018
Accounts payable - other	2,101		1,494
Accrued income taxes				119
	814
Accrued bonuses		695		696
Provision for Share Based Remuneration		3		-
Provision for loss on business liquidation		-		81
Other current liabilities		3,361		3,403
Total current liabilities	16,175		18,971
Long-term liabilities
Long-term borrowings	12,741		14,723
Long-term lease obligations			3,401
	3,462
Asset retirement obligations		1,284		1,286
Other		736		800
Total long-term liabilities	18,225		20,212
Total liabilities	34,400		39,184
NET ASSETS
Shareholders' equity
Capital	5,264		5,264
Capital surplus			5,208
	5,208
Retained earnings		13,246		7,117
Treasury shares		△211		△202
Total shareholders' equity	23,507		17,387
Accumulated other comprehensive income
Valuation difference on available-for-sale securities		△0		△0
Deferred gains or losses on hedges	22		20
Foreign exchange adjustment account	81		73
Total accumulated other comprehensive income	104		94
Subscription rights to shares	6		6
Non-controlling interests	180		-
Total Net Assets	23,797		17,488
Total Liabilities and Net Assets	58,197		56,672

5

(2) Consolidated statement of income and comprehensive income
			Million yen, rounded down
		As of June.30, 2019		As of June.30, 2020
	Net sales	16,012		2,602
	Cost of sales	5,963		935
	Gross profit	10,049		1,666
	Selling, general and administrative expenses	9,195		5,149
	Operating income	854		△3,483
	Non-operating income
	Interest income	1		0
	Insurance income	25		4
	Foreign exchange gains	12		-
	Other	11		7
	Total non-operating income	51		12
	Non-operating expenses
	Interest expense for borrowings	80		85
	Foreign exchange losses	-		7
	Other	2		0
	Total non-operating expenses	83		93
	Ordinary income	821		△3,563
	Extraordinary loss
	Loss on temporary closure due to the effect of COVID-19	-		2,311
	Impairment loss	65		1,459
	Loss on liquidation of business	-		81
	Other	40		-
	Total extraordinary loss	105		3,851
	Profit before income taxes	716		△7,415
	Total income taxes	269		△1,244
	Profit	446		△6,171
	Profit attributable to non-controlling interests	△21		△178
	Profit attributable to owners of parent	468		△5,992

6

Consolidated statement of comprehensive income		Million yen, rounded down
		As of June.30, 2019		As of June.30, 2020
	Profit	446		△6,171
	Other comprehensive income
	Valuation difference on available-for-sale securities	△0		△0
	Deferred gains or losses on hedges	13		△2
	Foreign exchange adjustment account	△20		△8
	Total other comprehensive income	△7		△11
	Comprehensive income	439		△6,182
	Comprehensive income attributable to
	Owners of the parent	462		△6,002
	Non-controlling interests	△22		△180

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(3) Notes on consolidated financial statements

（Note on going concern's premise） Not applicable

（Significant changes in shareholder's equity） Not applicable

（Application of accounting treatment peculiar to quarterly consolidated financial statement preparation） （Calculation of taxes）

Taxes are calculated by multiplying profit before income taxes for the first-quarter period under review by the reasonably estimated effective tax rate subsequent to the application of tax effect accounting to the profit income before income taxes for the current consolidated fiscal year ending March 31,2021 including the first quarter under review.

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