Financial Results for the First Quarterof the Fiscal Year Ending March 31, 2022
July 30, 2021

JALUX Inc.（TSE #2729）

IndexConsolidated Financial Summary… 4

Performance per Operational Segment… 9

Consolidated performance forecast… 14

Accounting Standard for Revenue Recognition
When control of a promised good or service istransferred to the customer,
revenue will be recognized at the amount expected to be received in exchange
for the good or service.
(ASBJ Statement No. 29; March 31, 2020; hereinafter, “Accounting Standard forRevenue Recognition”)

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First Quarter of the Fiscal Year Ending March 31, 2022

Presentation of Net Value of Revenue
As agent transactions are presented at net value, revenue under“Accounting Standard for Revenue Recognition” lower than net sales
under previous revenue recognition
Previous revenue recognition
Gross value of transactions
generally recorded

Accounting Standard for Revenue
Recognition
Only commission included inrevenue for agent transactions※Approx. 50–60% lower thannet sales under previous revenue
recognition

Agent transactions

Principal transactions

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-3-First Quarter of the Fiscal Year Ending March 31, 2022

Consolidated Financial Summary

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First Quarter of the Fiscal Year Ending March 31, 2022

1. Consolidated P/L（Summary）（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

20,42522,383

1,957

109.6

-

9,913

-

-

Gross profit

2,767

3,312

545

119.7

SG&A expenses

3,563

3,769

205

105.8

Operating profit/loss(△)△796△456339-

Non-op. profit/expenses

28192

164668.7

Ordinary profit△767△263503-

Extraordinary profit/loss(△)△333△60273-

Profit/loss(△) attributable to owners of parent△950△203746-

13.5

14.8

1.3-----

Gross sales(under previous revenue recognition)
Net sales

Gross profit to net sales ratio

Ordinary profit to net sales ratio

YoY•

Gross sales ：Gradually recovering - Airport shops, Aircraft engine parts business. Expand sales channels : Food & Bevarage segment.

•SG&A expenses：Increase in - percentage rent, labor cost.

•Non-op profit/expenses： Increase in - profit of equity method investments, subsidies, Decrease in: dividend income•

Estraordinary profit/losses ： COVID-19 related losses - fixed costs of airport shops during temporary closure reported as an extraordinary loss ・Copyright © JALUX Inc. All Rights Reserved.

-5-YoY（%）

First Quarter of the Fiscal Year Ending March 31, 2022

2. Breakdown of SG&A expenses（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

YoY

YoY（%）

Gross profit

2,767

3,312

545

119.7

Personnel expenses

1,424

1,458

33

102.4

Rent expenses

395543148

137.4

External service fee

346

348

1100.5

Depreciation

10913627124.7

Packing and transportation expenses

359322△3789.5

Other expenses

92795932103.5

SG&A expenses

3,563

3,769205

105.8

Operating profit△796△456339-

COVID-19 related losses: fixed costs of airport shops during temporary closure reported as an extraordinary loss (△60),△323 in FY20 1Q. In case of excluding its impact, SG&A expences decreaed JPY 57 million compared to the previous year.

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First Quarter of the Fiscal Year Ending March 31, 2022

3. Consolidated B/S（Summary）（Million yen）
March.31 2021

Jun.30 2021

YoY

YoY（%）

Current assets

40,78839,411△1,376

96.6

Cash and deposits

8,466

6,822

△1,64380.6

Non-current assets

11,487

11,402△8499.3

Property plant and equipment

4,472

4,433

△3999.1

593

576△1697.2

6,421

6,392

△2899.5

52,27650,814△1,461

97.2

Current liabilities

23,15922,391△76896.7

Non-current liabilities

4,431

4,022

△408

90.8

Net assets

24,68524,400△28498.8

52,27650,814△1,461

97.2

Intangible assets
Investments and other assets
Total assets

Total liabilities and net assets• <Current assets>Increase ：Account receivables (Aircraft engine parts business)
Decrease：Inventory(the volume met agent transactions transferred to advanced payment),
Cash and deposits.
• <Current liabilities>Decrease：Account payables(Aircraft engine parts business)• <Non-current liabilities>Decrease : Long-term dept repayment• <Net assets>Decrease：retained earnings by the loss attributable to owners of parent
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-7-First Quarter of the Fiscal Year Ending March 31, 2022

4. Financial Position（Million yen）
March.31 2021

Jun.30 2021

YoYYoY（%）

Total assets

52,27650,814△1,461

97.2

Shareholders’ equity

23,46523,244△22199.1

44.9

45.7

0.9

-

13,904

13,713

△191

98.6

0.59

0.59

0-

Shareholders’ equity ratio (%)

Interest bearing debt

Debt/Equity ratio (times)

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First Quarter of the Fiscal Year Ending March 31, 2022

Performance per Operational Segment

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-9-First Quarter of the Fiscal Year Ending March 31, 20225. Aviation & Airport（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

10,00010,679678

106.8-605--

Operating profit/loss(△)

275

270

△598.1

Ordinary profit/loss(△)

8569△1581.7

Gross sales(under previous revenue recognition)
Net sales※1 Net sales and Operating profit including inter-segment transaction※2 Operating profit before allocating common expense

YoY

YoY（%）

Remarks

Ø Aircraft engine parts businessmaintenance ：Recovered because of incerasing
demand of short-distance flights andinternational air cargo.
manufacturing：Sluggish due to decreasing demand of
long-distance (international) flights.
Ø Overseas airport operation business：Remain travel
restrictions.
Apr.-Jun. 2020

Ø Decrease investment loss by exchange gain.

Apr.-Jun. 2021

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-10-First Quarter of the Fiscal Year Ending March 31, 2022

6. Life Service（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

2,914

3,099

184

106.3

-

2,257

--

Operating profit/loss(△)

316

272

△4486.1

Ordinary profit/loss(△)

265

174

△9165.7

Gross sales(under previous revenue recognition)
Net sales※1 Net sales and Operating profit including inter-segment transaction※2 Operating profit before allocating common expense

YoY

YoY（%）

RemarksØ Real estate：Development and leasing remain steady,Facility management slight increase, Nursery day- careservices for seniors going well
Ø Insurance： Insurance sales for individuals and BPO
business remaining steadyØ Machinery& ：Increase in sales of “AQUA BLACK”
Decrease in sales of hygiene product due
Materials
to rebound from special demand in previous
periodApr.-Jun. 2020

Apr.-Jun. 2021

Ø Decrease in profit due to rebound from the Extra
dividend income in previous period

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First Quarter of the Fiscal Year Ending March 31, 2022

7. Retail（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

3,633

4,156523

114.4-

3,426--

Operating profit/loss(△)△796△602193-

Ordinary profit/loss(△)△835△585250-

Gross sales(under previous revenue recognition)
Net sales※1 Net sales and Operating profit including inter-segment transaction※2 Operating profit before allocating common expense

Increase sales because of increase indomestic passengers, decrease deficit due tocost reduction effect.

「BLUE SKY]

Ø Duty-free shops：

Store reopening, decrease deficit due to cost
reduction effect.

Ø Duty-free wholesale：

Most clients still closed.

Ø Mail order：

Online sales is steady.

Ø Food gifts：

Increase sales of ”JAL SELECTION GIFT”, "JALFurusato Nozei” hometown tax service.

「JAL DUTYFREE]

Fixed costs of airport shops during temporary
Ø COVID-19 related losses: closure reported as an extraordinary loss.

Apr.-Jun. 2021

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YoY（%）

Remarks
Ø Airport shops：

Apr.-Jun. 2020

YoY-12-First Quarter of the Fiscal Year Ending March 31, 2022

8. Food & Beverage（Million yen）
Apr.-Jun. 2020

Apr.-Jun. 2021

3,940

4,563

623

115.8-

3,739

-

-

Operating profit/loss(△)△15950209-

Ordinary profit/loss(△)△287△45241-Gross sales(under previous revenue recognition)
Net sales※1 Net sales and Operating profit including inter-segment transaction※2 Operating profit before allocating common expense

Remarks

Ø Marine products：

Ø Agricultual products ：Apr.-Jun. 2020

YoY

YoY（%）

Increase in wholesales of mackerel forretail stores.
Decreased demand of imported
vegetables due to enough national
products, influenced by high airtransportation cost. Cost reduction
affected reducing the deficit.

Ø Wine： Expand sales channels＝forcus onwholesales for retail stores and EC.

Ø Processed foods
Food manufacturer： Expand sales channels: holding fairs andevents at surpermarkets.

Apr.-Jun. 2021

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First Quarter of the Fiscal Year Ending March 31, 2022

Consolidated performance forecast

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First Quarter of the Fiscal Year Ending March 31, 2022

9. Consolidated performance forecast（Million yen）
March 2021

March 2022（E）

YoY

YoY（%）

Gross sales(under previous revenue recognition)

80,346

110,000（Rf)29,654136.9%

Operating profit/loss(△)△2,915300(Rf)

3,215-

Ordinary profit/loss(△)△2,426200

2,626-

attributable to owners of parent△2,366

100

2,466

-

Earnings per share（yen）△187.16

7.91

195.07-

Profit/loss(△)（Published figures）

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First Quarter of the Fiscal Year Ending March 31, 202210. Performance trends（Million yen）

March 2013 March 2014 March 2015 March 2016 March 2017 March 2018 March 2019 March 2020 March 2021

Previous medium-term management plan

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March 2022（E）

Current medium-term management plan-16-

First Quarter of the Fiscal Year Ending March 31, 2022

Caution Regarding Forward-Looking Statements
This document contains forward-looking statements based on information
available tothe company at the time of disclosure and certain assumptions
that management believes to be reasonable. JALUX makes no assurances
as to the actual results and/or other outcomes, which may differ
substantially from those expressed or implied by such forward-looking
statements due to various factors including changes in economic
conditions in key markets, both in Japan and overseas, and foreignexchange rate fluctuation.
https://www.jalux.com/en/profile/www.jalux.com

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First Quarter of the Fiscal Year Ending March 31, 2022