ValueCommerce : Summary of Financial Results for the second quarter 2021

This filing was originally prepared and published by the company in Japanese as it contained timely disclosure information to be s ubmitted to the Tokyo Stock Exchange. The English translation is for your reference only. To the extent there is any discrepancy between this English translation and the original Japanese filing, the Japanese filing will prevail. The following financial information was prepared in accordance with generally accepted accounting principles in Japan (JGAAP).

Financial Results (Consolidated) for Q2(Cumulative) of FY2021

		July 28, 2021
Corporate Name:	ValueCommerce Co., Ltd.	Listed: TSE
Ticker Symbol:	2491	URL: https://www.valuecommerce.co.jp/en/
Representative:	Representative Director, President and CEO	(Name) Jin Kagawa
Contact person:	Director of the Board, CFO	(Name) Masatomo Endo

Scheduled date of commencement of dividend payment:

August 31, 2021

TEL: [phone]

Scheduled date of filing the securities report:

August 10, 2021

Results supplementary materials to be created:

Yes

An explanatory presentation to investors:

Yes

(Amounts less than one million yen rounded down)

1. Consolidated Operating Results for Q2(Cumulative) of FY2021 (Jan. 1 to Jun. 30, 2021)

(1) Consolidated Operating Results

(Percentage figures refer to comparisons with the preceding fiscal year)

Net income

Revenue

Operating income

Ordinary income

attributable to owners

of the parent

Million Yen

%

Million Yen

%

Million Yen

%

Million Yen

%

Q2(cumulative) FY2021

16,113

10.9

3,701

24.0

3,741

23.3

492

-75.9

Q2(cumulative) FY2020

14,524

18.0

2,984

25.8

3,034

27.4

2,039

28.3

(Note) Comprehensive income:

Q2(Cumulative) FY2021:

484 million yen,

-76.2%

Q2(Cumulative) FY2020:

2,031 million yen,

27.0%

Basic EPS

Diluted EPS

(Diluted Earnings per

(Earnings per share)

share)

Yen

Yen

Q2(cumulative) FY2021

15.24

15.23

Q2(cumulative) FY2020

63.14

63.08

(2) Consolidated Financial Positions

Total assets

Net worth

Equity ratio

Book-value per share

Million Yen

Million Yen

%

Yen

As of June 30, 2021

21,304

14,356

67.4

444.17

As of December 31, 2020

22,474

14,676

65.3

454.13

(Reference) Owners' equity:

As of June 30, 2021:

14,352 million yen

As of December 31, 2020:

14,670 million yen

2. Dividends

						Dividend per share
	Q1		Q2		Q3		Q4		Total
			Yen		Yen		Yen		Yen	Yen
FY2020			－		16.00		－		25.00	41.00
FY2021			－		17.00
FY2021 (Forecast)							－		26.00	43.00
(Note) Revisions to dividends forecast published most recently: No
3. Consolidated Operating Forecast for FY2021 (Jan. 1 to Dec. 31, 2021)
					(Percentage figures refer to comparisons with the preceding fiscal year)
								Net income	Basic EPS
	Revenue		Operating income	Ordinary income	attributable to	(Earnings per
								owners of the parent	share)
	Million Yen		%	Million Yen	%	Million Yen	%	Million Yen	%	Yen
FY2021	32,700		12.1	7,400	19.0	7,500	19.6	3,000	-29.7	92.85
(Note) Revisions to operating forecast published most recently: No

- 1 -

• Notes

1. Significant changes in scope of consolidation during this year: No
2. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies and accounting estimates, retrospective restatement

1.	Changes in accounting policies due to amendment of accounting standards, etc.	:	No
2.	Changes in accounting policies other than "1."	:	No
3.	Changes in accounting estimates	:	No
4.	Retrospective restatement	:	No

(4) Number of shares issued (Common stock)
1.	Common stock		as of	34,471,000	shares	as of	34,471,000	shares
	(including treasury stock)		Jun. 30, 2021	December 31, 2020
2.	Treasury stock		as of	2,157,655	shares	as of	2,165,655	shares
	Jun. 30, 2021	December 31, 2020
3.	Average number of shares issued		average during	32,307,334	shares	average during	32,301,193	shares
(cumulative period)		Jan. 1 to Jun. 30, 2021	Jan. 1 to Jun. 30, 2020

* Quarterly review

This outline of quarterly consolidated financial statements is not subject to the quarterly review.

• Note on proper use of the financial forecasts and other special notes (Note on future descriptions)
  This filing contains future description such as financial outlook. They are based on information currently available to the company and on certain assumptions we deem reasonable. They are not intended to constitute the company's guarantee that the outlook and description will be realized. The actual results may differ materially from those described in this filing due to various factors.

(Method to reach supplementary materials)

The supplementary materials on financial results will be posted on the company's website.

(Change in the unit for displaying amounts)

The amounts of accounts and other items presented in the Company's quarterly consolidated financial statements were previously stated in thousands of yen, but from the second quarter and the cumulative second quarter of the consolidated fiscal year, the amounts are stated in millions of yen.

For ease of comparison, the amounts for the preceding consolidated fiscal year and the second quarter of the preceding consolidated fiscal year are also presented in millions of yen.

- 2 -