Translation

Revised on May 11, 2020

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 Year Ended February 29, 2020
(Based on Japanese GAAP)
April 14, 2020
Company name:

IDOM Inc.

Stock exchange listing: Tokyo
Stock code:
7599
Representative:
Inquiries:

URL

https://221616.com

President
General Manager, Finance & IR Division

Yusuke Hatori
Masayuki Matsumoto

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

May 28, 2020
May 29, 2020

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

May 29, 2020
Yes

Holding of financial results meeting:

No

TEL

03-5208-5503(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 29, 2020 (from March 1, 2019 to February 29, 2020)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended February 29, 2020
361,684
16.9
9,091 167.3
6,867 231.3
3,545 828.8
Year ended February 28, 2019309,41012.0
3,400 (49.8)
2,072(64.2)
381(89.3)

Earnings per share

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetssales
parent/equity
Yen
%
%
%
–
8.6
3.8
2.5
–
0.9
1.4
1.1

Diluted earnings per
share

Yen
34.97
3.76

Year ended February 29, 2020
Year ended February 28, 2019(2) Consolidated financial position

Total assets
As of February 29, 2020
As of February 28, 2019

Net assets

Equity ratio

Millions of yen
183,783
173,851

Millions of yen
42,58640,357

Cash flows fromoperating activities
Millions of yen
13,757(19,593)

Cash flows frominvesting activities
Millions of yen(406)(11,015)

Net assets per share
%
22.9
22.9

Yen
415.42392.88(3) Consolidated cash flows

Year ended February 29, 2020
Year ended February 28, 2019

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
1,142
37,29530,93022,9702. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended February 28, 2019Year ended February 29, 2020
Year ending February 28, 2021
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–
–

5.50
0.60

–
–

5.50
0.60

11.00
1.20

1,115
121

292.2
3.4

2.8
0.3

–

5.30

–

5.30

10.60

1

39.8

3. Forecast of consolidated financial results for the year ending February 28, 2021 (from March 1, 2020 to February 28, 2021)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
156,000 (13.0)
1,100 (76.2)
250 (93.1)
100 (95.3)
0.99
August 31, 2020
Full year
338,000(6.5)
5,800 (36.2)
4,100 (40.3)
2,700 (23.9)
26.63
Notes
(1) Changes in significant subsidiaries during the year ended February 29, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):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:

No
No

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 February 29, 2020

106,888,000 shares As of February 28, 2019106,888,000 shares

Number of treasury shares at the end of the period
As of February 29, 2020

5,480,571 shares As of February 28, 2019

5,480,531 shares

101,407,433 shares Year ended February 28, 2019

101,407,530 shares

Average number of shares during the period
Year ended February 29, 20202

Summary of Operating Results, Etc.
(1) Analysis of operating results
In the fiscal year ended February 29, 2020 (FY2020), retail car sales from all directly managed stores in Japan totaled
132,988 units (up 6.8% compared to the previous fiscal year). In the previous fiscal year, retail car sales per directly
managed store and gross profit per unit fell due to changes in the price settings of used car sales and the store sales strategy.
However, in the current fiscal year, a range of improvement measures enhanced accuracy in retail price setting and increased
the sales and profit of accessories, resulting in the recovery of both retail car sales per store and gross profit per unit.
SG&A expenses increased mainly due to up-front store management expenses resulting from new store openings.
Associated with the syndicated loan agreement signed in the fiscal year under review, an arrangement fee was paid to an
arranger financial institution. As said expenses were collectively recorded, interest expenses increased.
Under the Company’s management policy of emphasizing capital efficiency when making business investments anddecisions of withdrawal in order to establish the basis for our leap to the next growth stage, certain directly managed stores
were closed in the fiscal year under review, while the introduction of business process systems was reexamined. In addition,
we scaled down the New Zealand business and withdrew from the China business, in which we had previously reviewed thepossibility of full-fledged development.
Consequently, investment loss under the equity method increased compared to the previous fiscal year, while extraordinary
losses, including loss on retirement of non-current assets, loss on closing of stores, impairment loss and loss on valuation ofshares of subsidiaries and associates totaled 3,120 million yen. On the other hand, tax credit was deducted from taxable
income due to retained loss.
As a result of the above, the consolidated business results for the fiscal year under review were net sales of 361,684 million
yen (up 16.9% year on year), operating profit of 9,091 million yen (up 167.3%), ordinary profit of 6,867 million yen (up231.3%) and profit attributable to owners of parent of 3,545 million yen (up 828.8%).
Regional segment-specific earnings are as indicated below.
(i) Japan
The Japan segment recorded net sales of 274,781 million yen (up 12.1% year on year) and segment income (operating
profit) of 9,578 million yen (up 155.4%). Both retail car sales per directly managed store and gross profit per unit improved.
(ii) Australia
The Australia segment recorded net sales of 84,277 million yen (up 35.5% year on year) and segment profit (operating
profit) of 76 million yen (up 38.0%). The new car dealer group acquired in October 2018 became our subsidiary in theprevious consolidated fiscal year (its financial results were consolidated for the period from October 1, 2018 to February 28,2019). As a result, it contributed to an increase in net sales in the fiscal year under review. The business performance of thesubsidiary in Western Australia improved mainly due to an increase in retail car sales.
For the next consolidated fiscal year, numbers of customer visits to directly managed stores in Japan and overseas are
expected to decrease due to shelter in place that was requested by governments and local governments in association withthe spread of COVID-19 coronavirus epidemic.
In concrete terms, assuming that operations of the directly managed stores are suspended until early May 2020 in prefectures(Tokyo, Kanagawa, Chiba, Saitama, Osaka, Hyogo and Fukuoka) due to requests for the complete closure of businesses,
based on the declaration of an emergency issued by the Japanese government on April 7, 2020, in addition to the directly
managed stores in Aichi Prefecture, where same measures may be taken, we expect that the numbers of customer visits tostores will start to gradually recover around mid-May and normalize in September 2020.
(The above assumption is based on potential changes in circumstances, although we plan to maintain operations at present
by implementing measures such as shorter hours of operation.) With regard to directly managed stores in prefectures otherthan the above, we assume that certain levels of decreases in the number of customer visits to stores will continue until
September when said numbers will normalize. If numbers of customer visits to stores normalize in September, overall retailcar sales (based on the car delivery date which is our record date for the net sales) will likely normalize in October.
The above assumptions and periods are on a hypothetical basis, which reflect potential impacts of the coronavirus epidemic,
and actual results may fluctuate depending on the status of operations at the stores, increases or decreases in the number ofcustomer visits to the stores and the time when the coronavirus epidemic settles down.
Given these considerations, consolidated business results forecast for the full fiscal year is 338,000 million yen in net sales,
5,800 million yen in operating profit, 4,100 million yen in ordinary profit and 2,700 million yen in profit attributable toowners of parent.

3(2) Analysis of financial position[Status of assets, liabilities and net assets](Assets)
As of the end of the fiscal year under review, total assets stood at 183,783 million yen (up 5.7% compared to the end of theprevious fiscal year).
Current assets were 128,115 million yen (up 13.5% compared to the end of the previous fiscal year), mainly reflecting
increases in cash and deposits (up 14,246 million yen) and merchandise (up 5,029 million yen).
Non-current assets were 55,667 million yen (down 8.7 % compared to the end of the previous fiscal year),partly due todecreases in software (down 921 million yen) and shares of subsidiaries and associates (down 2,142 million yen).
(Liabilities)
As of the end of the fiscal year under review, total liabilities were 141,196 million yen (up 5.8% compared to the end of theprevious fiscal year).
Current liabilities were 56,299 million yen (down 7.2% compared to the end of the previous fiscal year), mainly reflecting adecline in short-term loans payable (down 8,096 million yen).
Non-current liabilities were 84,897 million yen (up 16.5% compared to the end of the previous fiscal year), due to a rise inlong-term loans payable (up 11,801 million yen), among other factors.
(Net assets)
As of the end of the fiscal year under review, total net assets amounted to 42,586 million yen (up 5.5% compared to the endof the previous fiscal year), largely due to an increase in retained earnings (up 2,931 million yen).

[Status of cash flows]
Cash and cash equivalents (hereinafter, “cash”) for the fiscal year under review were 37,295 million yen, an increase of
14,325 million yen (up 62.4%) compared to the end of the previous fiscal year.
The status of cash flows for FY2020 and respective relevant cash flows are as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was 13,757 million yen.
This was mainly attributable to an increase of 5,539 million yen in inventories, profit before income taxes of 3,917 million
yen, depreciation cost of 3,207 million yen, proceeds of 2,333 million yen from an increase in accrued consumption taxes
and proceeds of 2,323 million yen from a decrease of accounts receivable - other.
(Cash flows from investing activities)
Net cash used in investing activities was 406 million yen.
This mainly reflected 2,226 million yen used for purchase of property, plant and equipment, while there were proceeds of
1,955 million yen from liquidation of subsidiary.
(Cash flows from financing activities)
Net cash provided by financing activities was 1,142 million yen.
This was mainly attributable to proceeds from long-term loans payable of 22,525 million yen, which more than offset 12,667
million yen used in repayments of long-term loans payable and a net decrease of 8,096 million yen in outstanding short-termloans payable.

4

(Reference) Changes in cash flow indicators
FY2016FY2017FY2018FY2019FY2020Equity ratio (%)
39.4
33.9
31.4
22.9
22.9
Shareholders’ equity
122.8
65.1
55.8
21.9
28.3
(mark-to-market) ratio (%)
Debt redemption years
6.1
‒
7.7
‒
6.7
Interest coverage ratio
19.4
‒
10.1
‒
10.2
Notes: 1. Breakdown of each indicator
Equity ratio = shareholders’ equity/total assets
Shareholders’ equity (mark-to-market) ratio = Market capitalization/Total assets
Debt redemption years = Interest bearing debt/Operating cash flow
Interest coverage ratio = Operating cash flow/Interest payments
2. Each index is calculated from consolidated figures.
3. Market capitalization is calculated using the following formula: closing share price at period-end x number ofshares issued (excluding treasury stock)
4. Debt redemption years and interest coverage ratio for FY 2017 and FY2019 are not shown in the above table due
to a negative figure for operating cash flow.

(3) Basic policy concerning distribution of profit and dividends for FY2020 and FY2021(i) Dividend basic policy and goals
We apply an earnings performance-linked dividend policy through which we make decisions on dividend payouts based on
consolidated performance. We calculate the total dividend amount based on “previous consolidated net income (profit
attributable to owners of parent) x 30%” and then determine the current term per-share dividend amount.
(ii) Dividends for FY2020
In accordance with the above, per-share dividends for FY2020 will be 1.20 yen for the full year (interim and year-end
dividends of 0.60 yen each).
(iii) Dividends for FY2021
The per-share dividend (forecast) for the upcoming fiscal year will be calculated based on profit attributable to owners ofparent in FY2020, resulting in an annual dividend of 10.60 yen (interim and year-end dividends of 5.30 yen each).

5Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of February 28, 2019

As of February 29, 2020

AssetsCurrent assets
Cash and deposits

23,04937,295

Notes and accounts receivable - trade
Merchandise

6,774
74,0906,715
79,119Other
Allowance for doubtful accounts

9,043
(93)

5,143
(158)

112,865

128,115

36,130(13,141)

37,000(14,742)

22,98822,257

167
(29)

256
(21)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment

137

234

4,333
(3,481)

4,196(3,487)

852

708

218
541

218
97

24,73823,517

Intangible assets
Software

2,797

1,877

Goodwill
Other

11,726
5,330

10,911
4,604

Total intangible assets

19,855

17,393

Investments and other assets
Investment securities

191

152

Shares of subsidiaries and associates
Long-term loans receivable

2,261
38

119
13

Leasehold and guarantee deposits
Construction assistance fund receivables

6,083
5,753

5,938
5,142

Deferred tax assets
Other

1,438
741

2,811
625

Allowance for doubtful accounts

(116)

(48)

Total investments and other assets

16,392

14,756

Total non-current assets
Total assets

6

60,98655,667

173,851

183,783

(Millions of yen)
As of February 28, 2019

As of February 29, 2020

Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable

20,026
9,031

21,002935

Accounts payable - other
Current portion of long-term loans payable

3,809
12,0004,034
11,079

Income taxes payable
Advances received

312
11,177

1,624
9,773

Deposits received
Provision for bonuses

249
820

274
823

Provision for merchandise warranties
Other provision

562
507

662
544

Other

2,144

5,544

Total current liabilities

60,64256,299Long-term loans payable
Long-term guarantee deposited

68,023432

79,824432

Asset retirement obligations
Deferred tax liabilities

2,279
1,363

2,633
1,386

561
191

426
193

72,852

84,897

133,494

141,196

Capital stock
Capital surplus

4,157
4,032

4,157
4,032

Retained earnings
Treasury shares

35,842(3,947)

38,773(3,947)

Total shareholders' equity

40,08443,016

(243)

(889)

(243)

(889)

3
512

3
456

Non-current liabilities

Other provision
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

740,35742,586

173,851

183,783

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
February 28, 2019

Fiscal year ended
February 29, 2020

Net sales
Cost of sales

309,410244,707361,684
287,724

Gross profit

64,702

73,959Selling, general and administrative expenses

61,30164,868Operating profit

3,400

9,091

Interest income
Interest on refund

59
–

54
18

Other

39

35

Total non-operating income

98

108

Interest expenses
Foreign exchange losses

868
139

1,377
305

Share of loss of entities accounted for using equity method
Other

396
21

627
22

1,426

2,333

2,072

6,867

Non-operating income

Non-operating expenses

Total non-operating expenses
Ordinary profit
Extraordinary income
Compensation income–

35

Subsidy income
Gain on liquidation of subsidiaries

22
–

22
54

Gain on sale of businesses
Other

–
–

57
1

Total extraordinary income

22

171

305

619

–
–

29
240

Impairment loss
Settlement package

158
–

1,847
144

Loss on closing of stores
Loss on disaster

60
92

211
–

Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates

Other

–

27

617

3,120

Profit before income taxes

1,478

3,917

Income taxes - current
Income taxes - deferred

1,061
54

1,781
(1,454)

Total income taxes

1,116

327

Profit361

3,590

Profit (loss) attributable to non-controlling interests

(19)

44

Profit attributable to owners of parent

381

3,545

Total extraordinary losses

8Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended

Fiscal year ended

February 28, 2019

February 29, 2020

Profit361

3,590

Other comprehensive income
Foreign currency translation adjustment

(605)

(814)

9

68

(595)

(745)

Comprehensive income

(233)

2,844

Comprehensive income attributable toComprehensive income attributable to owners of parent

(185)

2,900

(48)

(56)

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

9

Consolidated statements of changes in equity
Fiscal year ended February 28, 2019
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current period

Capital surplus

4,157

Retained earnings

4,032

Total shareholders'equityTreasury shares

36,373(3,947)40,615

Changes of items during period
Dividends of surplus

(912)

(912)

Profit attributable to owners ofparent381

381

Purchase of treasury shares

(0)

(0)

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

-

-

(530)

(0)

(530)

4,157

4,032

35,842(3,947)40,084

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of current period

323

323

Share acquisitionrightsNon-controllinginterests

3

551

Total net assets

41,494

Changes of items during period
Dividends of surplus(912)

Profit attributable to owners ofparent381

Purchase of treasury shares(0)

Net changes of items other thanshareholders' equity

(567)

(567)

(0)

Total changes of items during period

(567)

(567)

(0)

(39)

(1,137)

Balance at end of current period

(243)

(243)

3

512

40,357

10

(39)

(606)

Fiscal year ended February 29, 2020
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current period

Capital surplus

4,157

Retained earnings

4,032

Total shareholders'equityTreasury shares

35,842(3,947)40,084

Changes of items during period
Dividends of surplus

(618)

(618)

Profit attributable to owners ofparent

3,545

3,545

Purchase of treasury shares(0)Change of scope of consolidation

(0)

4

4

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

-

-

2,931

(0)

2,931

4,157

4,032

38,773(3,947)43,016

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of current period

(243)

(243)

Share acquisitionrightsNon-controllinginterests

3

512

Total net assets

40,357

Changes of items during period
Dividends of surplus(618)

Profit attributable to owners ofparent3,545

Purchase of treasury shares(0)Change of scope of consolidation

4

Net changes of items other thanshareholders' equity

(645)

(645)

Total changes of items during period

(645)

(645)

-

(56)

2,229

Balance at end of current period

(889)

(889)

3

456

42,586

11

-

(56)

(701)

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for merchandise warranties
Interest and dividend income
Share of loss (profit) of entities accounted for using equity
methodInterest expenses
Foreign exchange losses (gains)
Loss on retirement of non-current assets
Settlement package
Loss (gain) on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates
Impairment loss
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund receivable
Decrease (increase) in accounts receivable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Other, net

Fiscal year ended

Fiscal year ended

February 28, 2019

February 29, 2020
1,478
3,030
577
4
50
(309)
(59)

3,917
3,140
668
2
(2)
99
(54)

396

627

868
126
305
–
–
–
158
5,333
(26,865)–(3,398)(2,842)
2,774
(36)
(507)
3,179

1,377
(150)
619
144
29
240
1,847
(2,020)(5,539)
1,721
2,323
2,333
1,439
224
1,257
1,305

Subtotal(15,734)

15,554

Interest and dividend income received
Interest expenses paid
Income taxes paid

59
(869)
(3,049)57(1,346)(508)

Net cash provided by (used in) operating activities(19,593)

13,757(3,836)
(798)
(31)
(148)
(13)
31
(782)
188
(593)
543
(111)

(2,226)
(891)
(125)
–
–
–
(130)
276
(57)
665
–

(4,354)

–

(973)
–
(136)

–
1,955
127

(11,015)(406)

Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Payments for leasehold and guarantee deposits
Proceeds from collection of leasehold and guarantee deposits
Payments of construction assistance fund receivables
Collection of construction assistance fund receivables
Purchase of shares of subsidiaries and associates
Purchase of shares of subsidiaries resulting in change in scopeof consolidation
Payments for acquisition of businesses
Proceeds from liquidation of subsidiaries
Other, net
Net cash provided by (used in) investing activities

12

(Millions of yen)
Fiscal year ended

Fiscal year ended

February 28, 2019

February 29, 2020

Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Dividends paid
Other, net

7,829
24,145
(132)
(911)
(0)

(8,096)22,525(12,667)(618)(0)

Net cash provided by (used in) financing activities

30,9301,142

Effect of exchange rate change on cash and cash equivalents

(114)

(184)

Net increase (decrease) in cash and cash equivalents

206

14,308Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting fromchange of scope of consolidation

22,763

22,970–17Cash and cash equivalents at end of period

22,97037,29513

Non-consolidated financial statements
Non-consolidated balance sheets(Millions of yen)
As of February 28, 2019

As of February 29, 2020

AssetsCurrent assets
Cash and deposits

15,36033,224

Accounts receivable - trade
Merchandise

5,177
54,687

5,696
57,155

Supplies
Prepaid expenses

53
1,366

23
1,579

Other
Allowance for doubtful accounts

6,815
(917)

1,824
(1,553)

Total current assets

82,543

97,94918,207
4,223

17,2494,184

VehiclesTools, furniture and fixtures

4
559

3
429

Land
Construction in progress

218
539

218
85

23,753

22,1710

0Software
Other

2,779
14

1,863
14

Total intangible assets

2,794

1,878

Non-current assets
Property, plant and equipment
Buildings
Structures

Total property, plant and equipment
Intangible assets
Trademark right

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable from subsidiaries andassociates
Claims provable in bankruptcy, claims provable inrehabilitation and other
Long-term prepaid expenses

30

0

14,791

12,65011,373

11,661

79

48

534

446

Leasehold and guarantee deposits
Construction assistance fund receivables

5,684
5,753

5,536
5,142

Deferred tax assets
Other

1,457
119

2,826
124

Allowance for doubtful accounts

(310)

(243)

Total investments and other assets

39,51538,192

Total non-current assets
Total assets

14

66,062

62,242

148,606

160,191(Millions of yen)
As of February 28, 2019

As of February 29, 2020

Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable

3,334
8,000

4,620
–

Current portion of long-term loans payable
Accounts payable - other

12,0002,887

10,680
2,782

–
–

1,351
2,384

Accrued expenses
Advances received

1,424
9,487

1,938
9,573

Deposits received
Provision for bonuses

216
805

223
806

Provision for merchandise warranties
Accounts payable - facilities

562
255

662
125

Unearned revenue
Other provision

310
507

248
544

Total current liabilities

39,79235,941

Non-current liabilities
Long-term loans payable

64,825

77,145

432
2,146

432
2,380

191

191

Income taxes payable
Accrued consumption taxes

Long-term guarantee deposited
Asset retirement obligations
Other
Total non-current liabilities

67,59580,149107,387

116,091

4,157

4,157

Capital surplus
Legal capital surplus

4,032

4,032

Total capital surpluses

4,032

4,032

Retained earnings
Legal retained earnings

Total liabilities
Net assets
Shareholders' equity
Capital stock

39

39

Other retained earnings
Retained earnings brought forward

36,93339,815

Total retained earnings

36,97239,854

Treasury shares(3,947)(3,947)

Total shareholders' equity

41,21544,096

Share acquisition rights
Total net assets
Total liabilities and net assets

15

3

3

41,21844,100148,606

160,191Non-consolidated statements of income(Millions of yen)
Fiscal year ended

Fiscal year ended

February 28, 2019

February 29, 2020

Net sales

234,618

258,008

Cost of sales

181,847

199,406

Gross profit

52,77058,602Advertising expenses
Salaries and allowances

8,142
12,222

8,081
12,423

Provision for bonuses
Depreciation

759
2,626

747
2,652

Rents
Provision of allowance for doubtful accounts

9,713
21

10,34743

Other

16,533

16,569Total selling, general and administrative expenses

50,01850,867

2,751

7,735

407
–

156
18

8

34

416

209

Interest expenses
Foreign exchange losses

311
140

640
307

Other

41

32

Selling, general and administrative expenses

Operating profit
Non-operating income
Interest and dividend income
Interest on refund
Other
Total non-operating income
Non-operating expenses

Total non-operating expenses

493

979

2,673

6,964

–

35

Gain on liquidation of subsidiaries
Gain on sale of businesses

–
–

54
57

Subsidy income
Gain on reversal of share acquisition rights

22
0

22
–

Total extraordinary income

22

169

294

619

–
–

29
240

Impairment loss
Settlement package

158
–

1,847
144

Loss on closing of stores
Provision of allowance for doubtful accounts

60
382

211
555

Loss on disaster
Other

92
0

–
26

Ordinary profit
Extraordinary income
Compensation income

Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates

988

3,676

Profit before income taxes

Total extraordinary losses

1,707

3,457

Income taxes - current
Income taxes - deferred

673
100

1,325
(1,368)

Total income taxes

774

(42)

Profit933

3,500

16