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 November 30, 2021
(Based on Japanese GAAP)
January 14, 2022
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 to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

January 14, 2022–

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

YesNo

TEL

03-5208-5503(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2021 (from March 1, 2021 to November 30, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended November 30, 2021
344,62022.2
14,76071.3
14,046
78.9
8,738
67.2
Nine months ended November 30, 2020
282,082
3.5
8,616
11.5
7,849
22.0
5,226
45.3
Earnings per share

Diluted earnings per share

Yen
87.03
51.97

Nine months ended November 30, 2021
Nine months ended November 30, 2020

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
179,458
177,222

As of November 30, 2021
As of February 28, 2021

Equity ratio

Millions of yen
53,25345,015

Net assets per share%
28.9
24.8

Yen
515.73438.18

2. Cash dividends
Annual dividends per share

Year ended February 28, 2021
Year ending February 28, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.30
2.30

Yen––

Yen
5.30

Yen
10.60

2.30

4.60

Year ending February 28, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
Net sales
Full year

Millions of yen
450,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
18.2
17,00060.8
15,90064.99,200 519.6
91.63

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 2021

106,888,000 shares As of February 28, 2021106,888,000 shares

Number of treasury shares at the end of the period
As of November 30, 2021

6,480,641 shares As of February 28, 2021

6,480,601 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2021

100,407,387 shares Nine months ended November 30, 2020

2100,571,065 shares

1.

Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the first nine months of the fiscal year under review (March 1 to November 30, 2021), retail unit sales at directly managed stores in Japan were107,636 (up 2.7% year on year), a record high for first nine months sales. This result was primarily attributable to the start of operations of large
stores that had opened in the previous fiscal year and the fiscal year under review and an increase in the number of visitors to existing stores,including large stores, achieved through the effective placement of advertisements.
At Buick Holdings, an Australian subsidiary in Western Australia, the number of new cars sold increased in response to growth in the Western
Australian market attributable to an increase in the price of iron ore. In addition, sales of used cars remained strong due to the effect of ongoingmeasures to boost sales. Also, with the yen continuing to weaken from the year-ago level against the Australian dollar, the Australian subsidiaryrecorded increases in both sales and profit.
Selling, general, and administrative expenses increased on a consolidated basis as a reaction to the transfer of part of selling, general, andadministrative expenses to an extraordinary loss posted as a loss on COVID-19 due to the receipt of a subsidy in the previous fiscal year, coupledwith the impact of a weakened yen. In contrast, even in a situation where retail unit sales hit a record high, individual advertising expense items
decreased owing to an improvement in the efficiency of internet-based customer attraction efforts.
Major factors in extraordinary losses include the following three factors:(i) The Company posted a total of 870 million yen as head office relocation expenses for moving out of the current location, which included thebalance of unamortized non-current assets at the current head office and the cost of office restoration to its original condition.
(ii) Given its withdrawal from the domestic new car dealer business, the Company posted a loss on sale of shares of a subsidiary operating a new
car dealer, which amounted to 303 million yen, as a loss on sale of shares of subsidiaries and associates.
(iii) The Company posted loss on retirement of non-current assets of 227 million yen due to the closure of directly managed stores.
As a result of the above, the consolidated business results for the first nine months were net sales of 344,620 million yen (up 22.2% year onyear), operating profit of 14,760 million yen (up 71.3%), ordinary profit of 14,046 million yen (up 78.9%) and profit attributable to owners ofparent of 8,738 million yen (up 67.2%). These results are record highs for the first nine months of a fiscal year, and they exceeded the full-yearrecord high by the end of the third quarter.
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 239,812 million yen (up 10.6% year on year) and segment profit (operating profit) of 11,313
million yen (up 54.7 year on year). Retail unit sales increased as a result primarily of the start of operations of new large stores that had opened in
the previous fiscal year and the fiscal year under review and an increase in the number of visitors to existing stores.
II. Australia
The results of the Australia segment were net sales of 103,123 million yen (61.2% year on year) and segment profit (operating profit) of 3,565
million yen (91.5% year on year). In addition to an increase in the number of new cars sold at Buick Holdings in Western Australia in response togrowth in the Western Australian market based on an increase in the price of iron ore, sales of used cars remained strong thanks to ongoingmeasures to boost sales. Also, with the yen continuing to weaken from the year-ago level against the Australian dollar, the segment recorded anincrease in sales and profit.
(2) Analysis of financial position
AssetsTotal assets as of the end of the third quarter ended November 30, 2021 were 179,458 million yen (up 1.3% compared to the end of the previousfiscal year).
Current assets were 130,546 million yen (up 3.1% compared to the end of the previous fiscal year), mainly reflecting an increase in cash anddeposits (up 3,721 million yen).
Non-current assets decreased 3.4% from the end of the previous fiscal year to 48,911 million yen mainly due to a decrease of 1,726 million yenin goodwill.

3

Liabilities
Total liabilities as of the end of the third quarter ended November 30, 2021 were 126,204 million yen (down 4.5% compared to the end of theprevious fiscal year).
Current liabilities were 43,563 million yen (down 8.4% compared to the end of the previous fiscal year) due to a fall in the accounts payable –trade (down 1,231 million yen) and the advances received (down 1,248 million yen), among other factors.
Non-current liabilities were 82,641 million yen (down 2.4% compared to the end of the previous fiscal year) due to a fall in long-termborrowings (down 1,695 million yen), among other factors.
Net assets
Total net assets as of the end of the third quarter ended November 30, 2021 were 53,253 million yen (up 18.3% compared to the end of theprevious fiscal year) due chiefly to an increase in retained earnings (up 7,950 million yen).
(3) Consolidated earnings forecast and other forward-looking statements
The Company has revised its consolidated earnings forecasts for the fiscal year ending February 28, 2022, as announced in the Notice ofDifferences between Results and the Forecast for the First Six Months and Revision of the Full-Year Forecast dated October 14, 2021.
For more information, please refer to Notice on Revisions to the Full-Year Business Results Forecasts for the Fiscal Year Ending February 28,2022 dated today (January 14, 2022).

4

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 28, 2021

(Millions of yen)
As of November 30, 2021

43,1796,875
72,913
3,966(328)
126,605

46,901
4,065
75,603
4,346(369)
130,546

36,918(16,411)
20,507
153
(32)
121
4,335
(3,606)729
218
121
21,69736,414(15,822)
20,592
315
(45)
270
4,138
(3,126)
1,011
136
734
22,744

1,717
7,698
4,99614,412

1,455
5,971
4,290
11,718

139
131
30
5,835
4,614
3,253
544
(43)
14,50650,616
177,222

132
129
224
5,597
4,400
3,519
487
(42)
14,44848,911
179,458

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Other
Allowance for doubtful accounts
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, netLand
Construction in progress
Total property, plant and equipment
Intangible assets
SoftwareGoodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of February 28, 2021

(Millions of yen)
As of November 30, 2021

20,940
1,117
342
4,586
2,052
9,010
205
1,167
737
715
6,658
47,534

19,709
1,082
–
3,831
2,839
7,762
198
215
869
873
6,180
43,563

79,169
506
2,546
1,616
584
249
84,672132,206

77,473
567
2,121
1,419
665
393
82,641
126,204

4,157
4,384
39,665(4,344)
43,862

4,157
4,361
47,616(4,344)
51,790

134
134
1,018
45,015
177,222

(7)
(7)
1,470
53,253
179,458

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for merchandise warranties
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
Deferred tax liabilities
Other provisions
Other
Total non-current liabilities
Total liabilities
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
Non-controlling interests
Total net assets
Total liabilities and net assets

6Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
Nine months ended
November 30, 2020
November 30, 2021
Net sales
282,082
344,620
Cost of sales
227,986
280,249
Gross profit
54,09664,371
Selling, general and administrative expenses
45,48049,610Operating profit
8,616
14,760Non-operating income
Interest income
3224
Subsidy income–46
Foreign exchange gains
34–
Other
49
72
Total non-operating income
116
143
Non-operating expenses
Interest expenses
765
677
Foreign exchange losses–
74
Share of loss of entities accounted for using equity
46
94
methodOther
70
10Total non-operating expenses
882
857
Ordinary profit
7,849
14,046Extraordinary income
Gain on sales of property, plant and equipment–
17
Subsidy income
1,51645
Compensation income
–
25
Other
75
Total extraordinary income
1,523
94
Extraordinary losses
Loss on retirement of non-current assets
278
227
Loss on sales of shares of subsidiaries and associates–
303
Loss on store closings
10562
Loss on COVIT19
1,598
3
Head office relocation expenses
–
870
Other
1851
Total extraordinary losses
2,000
1,518
Profit before income taxes
7,372
12,621
Income taxes - current
2,347
3,861
Income taxes - deferred(525)(421)
Total income taxes
1,821
3,439
Profit5,550
9,182
Profit attributable to non-controlling interests
324
443
Profit attributable to owners of parent
5,226
8,738

7Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive incomeForeign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

8

Nine months ended
November 30, 2020
5,550(Millions of yen)
Nine months ended
November 30, 2021
9,182

536

(159)

(92)

2443
5,994

(156)
9,025

5,631

8,596

362

428