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 Three Months Ended September 30, 2021
(Based on Japanese GAAP)
November 4, 2021
Company name:Alpen Co.,Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:
3028
URL
Representative:
Inquiries:

https://store.alpen-group.jp/corporate

President
Director and Head of Administration

Atsushi MizunoYasuhiko Mizumaki

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

November 12, 2021–

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

Yes
Yes

TEL

052-559-0138(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended September 30, 2021 (from July 1, 2021 to September 30, 2021)(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%Three months ended September 30, 2021
52,568(9.5)
1,088 (76.8)
1,532 (70.1)
850 (74.8)
Three months ended September 30, 2020
58,096
0.7
4,696 681.9
5,131 443.8
3,375 887.5
Earnings per share

Diluted earnings per share

Yen
21.71
86.15

Three months ended September 30, 2021
Three months ended September 30, 2020

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
194,471
207,909

As of September 30, 2021
As of June 30, 2021

Equity ratio

Millions of yen
108,705
108,807

Net assets per share%
55.9
52.3

Yen
2,773.94
2,776.53

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
20.00

Yen–

Yen
25.00

Yen
45.00

25.00

–

25.00

50.00

Year ended June 30, 2021
Year ending June 30, 2022
Year ending June 30, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022)
Net sales
Millions of yen
Six months ending
December 31, 2021
Full year

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

124,250–

10,330–11,060

–

7,570

–

193.17250,000–

17,500–18,740–11,560–294.991

4. Notes(1) Changes in significant subsidiaries during the three months ended September 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:NoYes(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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

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 September 30, 2021

40,488,000 shares As of June 30, 2021

40,488,000 shares

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

1,299,781 shares As of June 30, 2021

1,299,781 shares

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

39,188,219 shares

2

Three months ended September 30,2020

39,187,027 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of June 30, 2021

As of September 30, 2021

AssetsCurrent assets
Cash and deposits

56,94837,588Notes and accounts receivable - trade
Merchandise and finished goods

8,368
61,3107,507
69,074

Other
Allowance for doubtful accounts

3,118
(74)

3,148
(74)

129,670

117,242

78,013(56,730)

77,912(57,133)

21,282

20,77833,713(12,120)

33,843(12,502)

21,592

21,340Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Other
Accumulated depreciation
Other, net

42,875

42,119Intangible assets

Total property, plant and equipment

4,303

4,105

Investments and other assets
Guarantee deposits

17,95017,933

16,073(2,903)

16,045(2,915)

13,16913,129Other
Accumulated depreciation
Other, net
Allowance for doubtful accounts

(59)

(59)

Total investments and other assets

31,05931,00378,23877,228207,909

194,471

Total non-current assets
Total assets3

(Millions of yen)
As of June 30, 2021

As of September 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade
Provisions

47,1132,376

44,282
1,101

Other

31,52625,172

Total current liabilities

81,01670,556Long-term borrowings
Provisions

9,500
977

7,000
967

Retirement benefit liability
Other

76
7,532

80
7,160

Total non-current liabilities

18,085

15,208

99,102

85,765

Shareholders' equity
Share capital

15,163

15,163

Capital surplus
Retained earnings

21,62673,877

21,62673,748Non-current liabilities

Total liabilities
Net assets

Treasury shares(2,482)(2,482)

Total shareholders' equity

108,184

108,055

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

125
24138
30

Remeasurements of defined benefit plans

472

480

Accumulated other comprehensive income

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4622

649

108,807108,705

207,909

194,471

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
September 30, 2020Three months ended
September 30, 2021

Net sales

58,09652,568

Cost of sales

33,334

31,249Gross profit

24,761

21,319Selling, general and administrative expenses

20,065

20,231

Operating profit

4,696

1,088

Non-operating income
Rental income from real estate

254

257

Sponsorship money income
Other

131
235

44
299

Total non-operating income

622

600

Non-operating expenses
Interest expenses
Rental expenses on real estate
Other
Total non-operating expenses

4131141
4120
4186

156

5,131

1,532

Gain on sale of non-current assets
Insurance claim income

0–00

Total extraordinary income

01

110

199
24––

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on store closings
Other235

0Profit before income taxes

Total extraordinary losses

4,897

1,533

Income taxes - current

1,521

682

Total income taxes

1,521

682

Profit

3,375

850

––

3,375

850

Profit attributable to non-controlling interests
Profit attributable to owners of parent5Consolidated statements of comprehensive income (cumulative)(Millions of yen)Three months ended
September 30, 2020
ProfitThree months ended
September 30, 2021

3,375

850

413

Deferred gains or losses on hedges
Foreign currency translation adjustment

(22)
(30)

–
6

Remeasurements of defined benefit plans, net of tax

198

Total other comprehensive income

(29)

27

Comprehensive income

3,346

878

Comprehensive income attributable toComprehensive income attributable to owners of parent

3,346

878

–

–

Other comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income attributable to non-controllinginterests

6