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 Consolidated Financial Results
for the Nine Months Ended December 31, 2020
(Based on Japanese GAAP)
February 10, 2021
Company name:
COPRO-HOLDINGS. Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

7059
URL https://www.copro-h.co.jp/
Chief Executive Office
Kosuke Kiyokawa

Inquiries:

Executive Director,Director ofAdministrative Division

Masahiko Saito

TEL

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

February 10, 2021
－Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:YesNo+81-52-589-3066(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2020 (from April 1, 2020 to December 31, 2020)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2020
11,068 15.9
958 △15.6
960 △14.8
689 △5.9
Nine months ended December 31, 2019
9,548 20.9
1,134
12.4
1,127
12.2
733
10.8
Earnings per share

Diluted earnings per shareYen
146.21
155.64

Nine months ended December 31, 2020
Nine months ended December 31, 2019

Yen
143.11152.56(2) Consolidated financial position
Total assets
As of December 31, 2020
As of March 31, 2020

Net assets

Millions of yen
8,437
8,030

Equity ratio

Millions of yen
5,918
5,487

%
70.1
68.3

2. Cash dividends
Annual dividends per share

Year ended March 31, 2020
Year ending March 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
20.00

Yen––

Yen
40.00

Yen
60.00

27.50

－

Year ending March 31, 2021 (Forecast)

Total（Note）1.Revisions to the dividend forecasts announced most recently: Yes
2.Breakdown of year-end dividend (forecast) for the fiscal year ending March 31, 2021
Ordinary dividend 25yen
Commemorative dividend 2.5yen(Commemorate the change to the First Section of the Tokyo Stock Exchange and the First Section of the Nagoya Stock Exchange)
3.We plan to conduct a 2-for-1 stock split with an effective date of April 1, 2021. The forecast for the year ended March 31, 2021 isfor stock after split. The total for the year ending March 31, 2021 (forecast) is not shown because simple calculations are not possible
due to the implementation of a stock split. For details of stock splits and revisions to dividend forecasts, please refer to the "Noticeof Share Split, Partial Change to Articles of Incorporation and Revision of Dividend Forecast in Conjunction with Share Split"
disclosed on February 10, 2021.
1

3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
14,81912.91,366 △14.2
1,368 △13.7
901 △16.9
191.00（Note）1.Revisions to the earnings forecasts announced most recently: Yes
2.Regarding the revision to the consolidated earnings forecast, please refer to the press release “Notice of Revisions to Earnings
Forecasts” disclosed on February 10, 2021.
4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):
New companies: 1 company（Company name） COPRO GLOBALS PTE. LTD.
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

No

(3) 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:

No
No

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2020

5,000,000

shares As of March 31, 2020

5,000,000

sharesshares As of March 31, 2020

286,000

shares4,710,178

sharesNumber of treasury shares at the end of the period
As of December 31, 2020

261,367

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2020

4,718,158

shares Nine months ended December 31, 20192

Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Leased assets
Other
Total intangible assets
Investments and other assets
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Current portion of bonds payable
Lease obligations
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Bonds payable
Lease obligations
Asset retirement obligations
Total non-current liabilities
Total liabilities

3(Thousands of yen)
As of December 31, 2020

4,831,545
1,856,412
210,153(438)
6,897,672

5,319,256
1,784,926
231,242(423)
7,335,001

270,645
40,66560,480371,790360,988
9,460
71,915442,363

28,20684,861
113,067

12,883
141,893
154,776

130,309517,681
647,990
1,132,849
8,030,522

57,903447,724505,628
1,102,769
8,437,771

160,000
26,2901,145,106
310,079
428,522
120,910
7,608
181,170
2,379,689

150,000
20,063
1,358,859
68,620370,558
29,20824,795414,860
2,436,956

70,000
16,242
76,623
162,866
2,542,555－
6,088
76,09082,1782,519,135

As of March 31, 2020
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4(Thousands of yen)
As of December 31, 2020

30,0001,172,858
4,286,538(1,430)5,487,966

30,0001,196,434
4,693,484△1,4985,918,420––
5,487,966
8,030,522

215
215
5,918,635
8,437,771

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended
Nine months ended
December 31, 2019
December 31, 2020
Net sales
9,548,894
11,068,254
Cost of sales
6,363,985
7,915,512
Gross profit
3,184,909
3,152,741
Selling, general and administrative expenses
2,050,350
2,194,736
Operating profit
1,134,558
958,005
Non-operating income
Interest income
2022
Rental income
855
855
Settlement received－
3,762
Other
77
68
Total non-operating income
953
4,709
Non-operating expenses
Interest expenses
1,996
679
Guarantee commission
1,958
727
Loss on redemption of bonds
3,569－Depreciation
562
562
Other
162
488
Total non-operating expenses
8,249
2,457
Ordinary profit
1,127,262
960,256
Extraordinary income
Surrender value of insurance policies
17,80090,676
Total extraordinary income
17,80090,676Extraordinary losses
Loss on retirement of non-current assets
13,6704,397
Total extraordinary losses
13,6704,397
Profit before income taxes
1,131,391
1,046,535
Income taxes - current
384,671284,289
Income taxes - deferred
13,62772,405
Total income taxes
398,299356,695
Profit733,092
689,840
Profit attributable to owners of parent
733,092
689,8405

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive incomeForeign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent

6

Nine months ended
December 31, 2019
733,092(Thousands of yen)
Nine months ended
December 31, 2020
689,840––
733,092

215
215
690,056

733,092

690,056