Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Nine Months Ended April 30, 2020
(Based on Japanese GAAP)
June 9, 2020
Company name:
SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9262
URL
President, CEO

https://www.silver-life.co.jp/Takahisa Shimizu

Inquiries:
Director of Administration
Scheduled date to file Quarterly Securities Report:

Jiro Imao
June 10, 2020

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

NoTEL(03)6300-5629(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended April 30, 2020 (from August 1, 2019 to April 30, 2020)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Nine months ended April 30, 2020
Nine months ended April 30, 2019

Millions of yen
6,433
5,754

Operating profit% Millions of yen
11.8
656
21.4
671

Earnings per share% Millions of yen
(2.2)
765
56.1
757

Profit% Millions of yen
1.1
478
57.7
466

%
2.6
55.9

Diluted earnings per share

Yen
45.03
44.25

Nine months ended April 30, 2020
Nine months ended April 30, 2019

Ordinary profit

Yen
43.68
42.60

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
5,168
4,853

As of April 30, 2020
As of July 31, 2019

Equity ratio

Millions of yen
4,159
3,674

%
80.5
75.7

2. Cash dividends
Annual dividends per share

Year ended July 31, 2019Year ending July 31, 2020

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
0.00

Yen
0.00

0.00

0.00

Year ending July 31, 2020 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2020 (from August 1, 2019 to July 31, 2020)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
8,830

Operating profit% Millions of yen
13.2990

Ordinary profit% Millions of yen
11.8
1,070

1Profit% Millions of yen
6.8670Earnings per share%
5.4

Yen
62.89

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of April 30, 2020

10,653,200 shares As of July 31, 2019

10,616,400 shares

Number of treasury shares at the end of the period
As of April 30, 2020

294 shares As of July 31, 2019294 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended April 30, 2020

10,624,395 shares Nine months ended April 30, 2019

210,537,588 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2019

As of April 30, 2020

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade2,260,473
744,807

1,615,814
794,325

Merchandise and finished goods
Raw materials and supplies

40,367
12,452

61,09915,125

Other
Allowance for doubtful accounts

266,852(28,682)

296,925(31,770)

3,296,271

2,751,520

Buildings, net
Machinery and equipment, net

640,551
308,653

639,205
290,455

Construction in progress
Other, net

29,922345,766

786,399
361,803

1,324,894

2,077,864

140,939

229,552

Other
Allowance for doubtful accounts

101,931(10,184)

121,600(11,899)

Total investments and other assets

91,747

109,700

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets

1,557,581

2,417,118

4,853,852

5,168,638

Current liabilities
Accounts payable - trade483,705

491,038

Income taxes payableOther

259,561
302,809104,533
256,522

Total current liabilities

1,046,077

852,095

132,836

156,825

Total assets
Liabilities

Non-current liabilities
Other
Total non-current liabilities

132,836

156,825

1,178,913

1,008,921

Shareholders' equity
Share capital

710,656

713,828

Capital surplus
Retained earnings

700,656
2,264,308

703,828
2,742,742

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

3(682)(682)

3,674,939

4,159,717

3,674,939

4,159,717

4,853,852

5,168,638

Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months endedApril 30, 2019

April 30, 2020

Net sales
Cost of sales

5,754,187
4,109,801

6,433,770
4,543,423

Gross profit

1,644,385

1,890,347

Selling, general and administrative expenses

972,860

1,233,831

Operating profit

671,525

656,515Interest income
Compensation income

5,580
72,4107,263
93,043

Other

20,133

26,592

Total non-operating income

98,125

126,899

Interest expenses
Rental expenses

297,968–14,506

Bad debts expenses
Provision of allowance for doubtful accounts

1,589
2,300

131
2,763

Non-operating income

Non-operating expenses

Other295

203

12,182

17,605757,468

765,808–

1,209–

1,209

3,995

340

Loss on retirement of non-current assets

4,789

2,450

Total extraordinary losses

8,784

2,790

Profit before income taxes

748,683

764,228

Income taxes - current

279,575

277,063

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets

Income taxes - deferred

2,807

8,730

Total income taxes

282,382285,794

Profit466,300

478,434

4