Fiscal Year Ending December 2020 Financial Results(Japanese accounting standards, consolidated)
Company nameSecurities code
Representative

FINDEX Inc.
3649(Title)

Contact(Title)

February 10, 2021
Exchange: TSE
URL: http://findex.co.jp/en/index.html
President & CEO(Name) Teruo Aibara
Director and Head of(Name) Atsushi Fujita
Administration

Scheduled date for ordinary
March 26, 2021
shareholder’s meeting
Scheduled date for filing ofMarch 29, 2021
securities report
Supplementary explanation of financial results?
Financial results briefing?

TEL: +81-89-947-3388Scheduled date for dividend
payment

March 29, 2021

No
Yes, for Analysts(Rounded to the nearest million)

１．Consolidated Results for FY 2020 (January 1, 2020 – December 31, 2020)（１）Consolidated results of operations(Percentages represent year-on-year changes)

Sales
million yen
4,004
4,281

FY 2020
FY 2019

Note: Comprehensive income

Operating income％
△6.5
18.8

million yen
636743

FY 2020430

Earnings per share
yen
16.81
19.50

FY 2020
FY 2019

Ordinary income％
△14.4
25.3

million yen

Diluted earnings pershareyen-million yen643746△13.8％FY 2019％△13.8
25.7499

Profit attributable toshareholders of parent
million yen％
430△13.8499
25.4
million yen

Net income overOrdinary income overshareholders’equity
total assets
％
％
14.6
17.7
18.5
22.7

25.4％
Operating income
over sales
％
15.9
17.4

Ref.: Equity in gains
FY 2020－ million yen
FY 2019－ million yen
Note 1: No statement is made of the amount of diluted net income per share after adjusting residual stocks for the FY2020 period
because there were no diluted residual securities.
Note 2: No statement is made of the amount of diluted net income per share after adjusting residual stocks for the FY2019 period
because there were no residual securities.
（２）Consolidated financial position
Total assets

Net assets

million yen
3,796
3,464

FY 2020
FY 2019
Ref.: Owned capital

FY 2020

Capital adequacy ratio

million yen
3,073
2,842
million yen

3,068

Net assets per share％
80.8
82.0
FY 20192,842

yen
119.84111.03
million yen（３）Consolidated cash flows
Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancial activities

Ending balance of cash andcash equivalents

million yen

million yen

million yen

million yen

542
1,670

△146△367

△201
△207

1,972
1,778

FY 2020
FY 2019
２．Status of Dividends
1stquarter

Dividends during the year
2nd
3rd
Term-endquarterquarter

Totalyen

yen

yen

yen

yen

FY 2019
FY 2020－－

FY 2021（forecast）

－

2.50
2.50
2.50

－
－－

5.50
5.50
5.50

8.00
8.00
8.00

Total dividends
million yen
206
206

Payout ratio（Consolidated）

Dividends overnet assets（Consolidated）％％41.0
47.6
29.3

7.6
6.9

３．Consolidated performance projection for FY 2021 (January 1, 2021 - Deceomber31, 2021)（Percentages represent changes from the same period of the previous year）
Sales

2ndquarter(cumulative)
Full year

million
yen
2,196
4,600

Operating income％
△2.8
14.9

millionyen
400
1,010％△27.2
58.7

Ordinary income
millionyen
400
1,010％△28.0
57.0

Profit attributable toshareholders of parent
million％
yen
275
△26.8
700
62.6

Earnings
per shareyen
10.74
27.34

Notes
(1) Changes in significant subsidiaries during the current period(Changes in specified subsidiaries that caused a change in the scope of consolidation): none
(2) Changes in accounting policies(i) Changes by a newly issued account pronouncement: none(ii) Changes other than (i)-a above: none(iii) Changes in accounting estimates: none(iv) Restatement: none(3) Number of shares issued(i) Number of shares issued and outstanding at end ofFY2020
26,608,800 shares
FY201926,608,800 sharesperiod (including treasury stock)(ii) Number of treasury shares at end of period
FY20201,003,875 shares
FY20191,006,175 shares(iii) Average number of shares outstanding during theFY2020
25,604,171 shares
FY201925,599,484 sharesperiod (cumulative from the beginning of thefiscal year)
Note: The average number of shares of the company held by Custody Bank of Japan during the period was 182,956 shares in
the previous fiscal year and 178,254 shares in the current fiscal year, which are included in the treasury stock
deducted in the calculation of the average number of shares during the period. Custody Bank of Japan was establishedthrough the merger of JTC Holdings, Ltd and Japan Trustee Services Bank, Ltd. on July 27,2020.

(Reference) Non-consolidated Financial Results
Non-consolidated Results for FY 2020 (January 1, 2020 – December 31, 2020)(1) Non-consolidated results of operations

1.

Sales

FY 2020
FY 2019

Operating income

million yen
3,982
4,241％△6.1
19.2

Earnings per share

million yen
699
793％△11.925.0(Rounded to the nearest million)(Percentages represent year-on-year on change)
Profit attributable toOrdinary income
shareholders of parent
million yen％million yen％738
11.851413.3660
4.0454
3.3

Diluted earnings per share

yenyenFY 2020

20.11-FY 2019

17.75-Note 1: No statement is made of the amount of diluted net income per share after adjusting residual stocks for the FY2020
period because there were no diluted residual securities.
Note 2: In the fiscal year ended December 31,2019, the company recorded an allowance for doubtful accounts of 136 million
yen relating to loans to a consolidated subsidiary, EMC Healthcare Co., as a non-operating loss, and a loss on
valuation of the company’s share of 5 million yen as extraordinary loss. These were recorded because many of thecompany’s operation are related to the joint research and development with the company, and its debts exceededits assets due to the increased costs for new basic research.
Note 3: No statement is made of the amount of diluted net income per share after adjusting residual stocks for the FY2019
period because there were no residual securities.

(2) Non-consolidated financial position
Total assets
FY 2020
FY 2019
Ref.: Owned capital2.

Net assets

million yen
3,899
3,501
FY 2020

3,194

Capital adequacy ratio

million yen
3,199
2,883
million yen

Net assets per share

million yen
81.9
82.4
FY 2019

2,883

million yen
124.75112.64
million yen

Non-consolidated performance projection for FY 2021 (January 1, 2021 - Deceomber31, 2021)（Percentages represent changes from the same period of the previous year）
Sales

2nd quarter(cumulative)
Full year

million
yen
2,161
4,500

Ordinary income％
△3.7
13.0

million
Yen
410
1,020

Net income％

△26.2
38.0

million
Yen
285
710

Earnings per share％

yen

△25.6
37.9

11.1327.73

 These financial results are outside the scope of audit by certificated public accountants and audit corporations.
 Explanation related to the appropriate use of the results forecasts and other items warranting special mention
Forward-looking statements in this document, including the results forecasts, etc., are based on the information
available as of the date of the release of this document and the preconditions that FINDEX Inc. (the “Company”) deemed
to be reasonable; they are not meant to be a commitment by the Company, and variety of factors in the future may cause
actual results to differ materially from these forecasts.