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 Six Months Ended October 31, 2018
(Based on Japanese GAAP)
December 7, 2018
Company name:

HEROZ, Inc.

Stock exchange listing: Tokyo
Stock code:
4382
Representative:
Inquiries:

URL

https://www.heroz.co.jp

Representative Director and CEO
Director and CFO

Takahiro Hayashi
Daisuke AsaharaTEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

December 7, 2018–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

03(6435)2495(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the six months ended October 31, 2018 (from May 1, 2018 to October 31, 2018)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales

EBITDA

Millions of yen%Six months ended October 31, 2018
646–
Six months ended October 31, 2017––
※EBITDA = Operating Profit + Depreciation + Amortization

Millions of yen

239–Earnings per share

Operating profit%––

Millions of yen

229
–%
––

Millions of yen

229–ProfitMillions of yen

158
–%
–
–

Diluted earnings per share

Yen
47.30
–

Six months ended October 31, 2018
Six months ended October 31, 2017%––

Ordinary profit

Yen
44.00
–

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
1,955
1,748

As of October 31, 2018
As of April 30, 2018

Equity ratio

Millions of yen
1,794
1,504%
91.8
86.1

2. Cash dividends
Annual dividends per share

Year ended April 30, 2018Year ending April 30, 2019

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 April 30, 2019 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending April 30, 2019 (from May 1, 2018 to April 30, 2019)
Percentages indicate year-on-year changes
Net sales

Operating profit

Ordinary profit

ProfitEarnings per share

Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
1,300
12.6400
12.9400
18.1
280
13.3
41.41
(Notes) Revisions to the consolidated forecasts since the latest announcement: None
*HEROZ will conduct a 2-for-1 share split of its common shares, with an effective date of January 1, 2019. Accordingly, earnings per share arecalculated using the average number of shares during the period after the split on the assumption that the share split was conducted at thebeginning of the fiscal year ending April 2019.

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 statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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, 2018

3,402,107 shares As of April 30, 2018

3,333,839 shares– shares As of April 30, 201810 shares

Number of treasury shares at the end of the period
As of October 31, 2018

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended October 31, 2018

3,359,823 shares Six months ended October 31, 2017

2– shares