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 Three Months Ended October 31, 2021
(Based on Japanese GAAP)
December 8, 2021
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:
Coporate Planning Division Manager
Scheduled date to file Quarterly Securities Report:

Reiko Saito
December 9, 2021

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 three months ended October 31, 2021 (from August 1, 2021 to October 31, 2021)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Three months ended October 31, 2021
Three months ended October 31, 2020

Operating profit

Millions of yen
2,683
2,454

% Millions of yen
9.3
100
17.5
327

Earnings per share

Ordinary profit% Millions of yen(69.4)
132
66.4
354

% Millions of yen(62.5)
94
50.8
224%(58.1)
52.0

Diluted earnings per share

Yen
8.74
21.00

Three months ended October 31, 2021
Three months ended October 31, 2020

Profit

Yen
8.60
20.50

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
8,525
8,262

As of October 31, 2021
As of July 31, 2021

Equity ratio

Millions of yen
4,982
4,926%
58.4
59.6

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
0.00

Yen
0.00

0.00

–

0.00

0.00

Year ended July 31, 2021
Year ending July 31, 2022
Year ending July 31, 2022 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2022 (from August 1, 2021 to July 31, 2022)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
January 31, 2022
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%

Yen

5,390

10.3

160(73.8)220(67.3)

140(66.5)

12.99

11,72016.6550(34.5)

680(30.1)

430(21.3)

39.91

1

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 statementsChanges in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

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 October 31, 2021

10,774,800 shares As of July 31, 2021

10,770,000 shares

Number of treasury shares at the end of the period
As of October 31, 2021

399 shares As of July 31, 2021

399 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended October 31, 2021

10,772,044 shares Three months ended October 31, 2020

210,692,819 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2021

As of October 31, 2021

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

1,472,438
967,715

1,432,815
970,632

Merchandise and finished goods
Raw materials and supplies

186,720
16,032

187,874
19,561Other
Allowance for doubtful accounts

732,319(39,487)454,065(41,659)

3,335,739

3,023,290

2,634,430
1,137,280

2,812,935
1,299,184

156,651
533,722

111,680
816,556

4,462,084

5,040,356

281,239

278,514

Other
Allowance for doubtful accounts

196,396(13,135)

197,300(13,936)

Total investments and other assets

183,260

183,363

4,926,584

5,502,235

8,262,323

8,525,525

541,269

585,426

Current portion of long-term borrowings
Income taxes payable

167,400
190,254

239,400
30,069Provision for shareholder benefit program
Other

31,720471,166

30,320335,281

Total current liabilities

1,401,809

1,220,498

Non-current liabilities
Long-term borrowings

1,762,850

2,131,000

Total current assets
Non-current assets
Property, plant and equipment
Buildings, netMachinery and equipment, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade

Other

171,328

191,553

1,934,178

2,322,553

3,335,987

3,543,052

Share capital
Capital surplus

724,137
714,137

724,514714,514Retained earnings
Treasury shares

3,488,980(919)

3,544,363(919)

Total shareholders' equity

4,926,335

4,982,473

4,926,335

4,982,473

8,262,323

8,525,525

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Total net assets
Total liabilities and net assets

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

Three months ended

October 31, 2020

October 31, 2021

Net sales
Cost of sales

2,454,596
1,703,587

2,683,155
2,061,016

Gross profit

751,009622,139

Selling, general and administrative expenses

423,144521,741

Operating profit

327,865

100,397

Interest income
Compensation income

2,612
19,9042,860
25,841

Other

9,899

12,496

Total non-operating income

32,416

41,198

–
4,056

1,320
4,292–
–

2,113
86

1,696

869

Non-operating income

Non-operating expenses
Interest expenses
Rental expenses
Depreciation of inactive non-current assets
Bad debt expenses
Provision of allowance for doubtful accounts
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

5,753

8,684

354,528

132,911

–

7,090

–

7,090

Profit before income taxes

354,528

125,821

Income taxes - current
Income taxes - deferred

117,063
12,91325,196
6,520

Total income taxes

129,976

31,717

Profit224,551

94,1044