Note : This document has been translated from a part of the Japanese original for reference purposes only. In theevent of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended March 31, 2021
[Japanese GAAP]May 14, 2021
Company name: Future Innovation Group, Inc.
Stock exchange listing: Tokyo and Fukuoka
Code number: 4392
URL: http://www.figinc.jp/Representative: MURAI Yuji, President and CEO
Contact: KIBE Kazuhisa, Director and Managing Executive Officer, Manager of President’s OfficePhone: +81-97-576-8730
Scheduled date of filing quarterly securities report: May 14, 2021
Scheduled date of commencing dividend payments: —Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended March 31, 2021 (January 1, 2021 - March 31,2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2021
2,993
18.8
200
–210
–132
–
March 31, 2020
2,518
(6.9)
(60)
–
(37)
–
(166)
–
(Note) Comprehensive income: Three months ended March 31, 2021: ¥188 million [–%]
Three months ended March 31, 2020: ¥(157) million [(–)%]
DilutedBasic earnings
earnings
per shareper share
Three months endedYenYen
4.53
4.46
March 31, 2021
March 31, 2020
(5.80)–(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Million yen%

15,884As of March 31, 2021
8,359
15,294As of December 31, 2020
8,311
(Reference) Equity: As of March 31, 2021: ¥8,211 million
As of December 31, 2020: ¥8,167 million

51.7
53.4

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Year-end

Fiscal year ended–
0.00–
December 31, 2020
Fiscal year ending–
December 31, 2021
Fiscal year ending
December 31, 2021
0.00–(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoneTotalYen

Yen

5.00

5.00

5.00

5.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2021 (January 1, 2021 December 31, 2021)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparentMillion yen%

Million yen%

Million yen%

Full year
11,000
6.4
500–
468–
(Note) Revision to the financial results forecast announced most recently: None

Million yen294%

73.8

Yen10.15* Notes:(1) Changes in significant subsidiaries during the period under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation):
Newly included: – (), Excluded: – ()(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued and outstanding shares (common shares)
1) Total number of issued and outstanding shares at the end of the period (including treasury shares):
March 31, 2021:
31,084,515 shares
December 31, 2020:
31,084,515 shares2) Total number of treasury shares at the end of the period:
March 31, 2021:
1,918,270 shares
December 31, 2020:
1,918,220 shares
3) Average number of shares during the period:
Three months ended March 31, 2021:
Three months ended March 31, 2020:

29,166,277 shares
28,766,343 shares* These quarterly consolidated financial results are outside the scope of quarterly review by certified public
accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently available andcertain assumptions that the Company regards as reasonable, and are not intended as a guarantee that the Company
will achieve these targets. Actual results may therefore differ materially from these statements for various reasons.

(1) Quarterly Consolidated Balance Sheets(Million yen)
As of December 31, 2020

As of March 31, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Investments in leases
Inventories
Other
Allowance for doubtful accounts
Total current assets

2,341
2,200
1,898
1,840
205
(25)
8,461

1,773
2,699
1,942
2,239
180
(31)
8,804

1,709
2,496
4,206

1,709
2,670
4,379

406
446
852

389
429
819

574
135
886
192
(15)
1,774
6,833
15,294675
154
886188(25)
1,880
7,079
15,884Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Long-term accounts receivable
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets1

(Million yen)
As of December 31, 2020

As of March 31, 2021

Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Accrued consumption taxes
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Other
Total current liabilities

963
1,625
316
811
223
83

1,498
1,633
316
754
100
89

51

215

21
628
4,725

23
543
5,174

33
1,926

33
2,003

78

71

107
89
22
2,257
6,983

110
109
21
2,349
7,524

2,000
3,839
2,739
(455)
8,123

2,000
3,839
2,725
(455)
8,109

45(0)
44
126
17
8,311
15,294

99
2
101
131
16
8,359
15,884Non-current liabilities
Bonds payable
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

2(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended March 31(Million yen)
For the three months ended
March 31, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)

For the three months ended
March 31, 2021

2,518
1,937
580
640(60)

2,993
2,134
858
658
200

1
24
2
280
14
3
17

505(37)

70
7210

1084
94(132)64(29)
34(166)(166)

210
103(23)79130(1)132

Non-operating income
Interest income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary losses
Loss on step acquisitions
Loss on valuation of investment securities
Total extraordinary income
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent3

Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended March 31(Million yen)
For the three months ended
March 31, 2020
Profit (loss)

For the three months ended
March 31, 2021

(166)

130(11)0209(157)

534
58188(157)

189-(0)

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests4