English Translation
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.

Non-Consolidated Financial Results
for the Fiscal Year Ended March 31, 2019
[Japanese GAAP]May 13, 2019
Tokyo Stock Exchange Mothers,
Company name:
PORT INC.
Stock exchange listing:
Fukuoka Stock Exchange Q-Board
Securities code:
7047
URL: https://www.theport.jp/
Representative:
Hirofumi Kasuga, President
Inquiries:
Yusuke Maruyama, Executive Vice President
TEL: +81-3-5937-6466
Date of general shareholders' meeting (as planned):2019-06-27
Dividend payable date (as planned):―
Annual securities report filing date (as planned): 2019-06-28
Supplemental material of annual results:
Yes
Convening briefing of annual results:
Yes(for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)

1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2019
(April 1, 2018 to March 31, 2019)(1) Non-Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales

Operating income

Ordinary income

Net income

Fiscal year ended

Million yen%

Million yen%

Million yen%

Million yen%March 31, 2019
March 31, 2018

3,039
1,931

57.4
51.2

542
(133)

―
―

517
(136)

―
―

549
(137)

―
―

Net income per
share
Fiscal year ended

Ratio ofRatio ofRate of return
ordinary
operatingon equity
income to total income to net
assetssales

Diluted net
income per
share

Yen

Yen%

%%

26.3
14.9
17.8
March 31, 2019
50.22
47.37
(26.3)(10.5)(6.9)
March 31, 2018(13.61)―(Notes) 1. Regarding the diluted net income per share in the previous fiscal year, although the potential
shares existed, the Company's stock was unlisted on March 31, 2018, so the average stock priceduring the period could not be grasped and the average number of shares outstanding, since it
is a net loss, is not stated.
2. On September 4th, 2018, PORT INC. (the “Company”) conducted a 10:1 stock split of its commonstock. Basic earnings per share is calculated based on the assumption that the stock split wasimplemented at the beginning of the previous fiscal year.
3. Regarding the diluted net income per share for the fiscal year under review, since the Company's
shares were listed on the Tokyo Stock Exchange Mothers and the Fukuoka Stock Exchange Q-Board on
December 21, 2018, we calculate the average stock price as the average stock price during theperiod.

(2) Non-Consolidated Financial Position
Total assets
Million yen

Net assets

Net assets
per share

Equity ratio

Million yen%

Yen

As of March 31, 2019
3,482
2,091
As of March 31, 2018
1,291
520
(Reference)Equity: As of March 31, 2019 2,091 Million yen
As of March 31, 2018
520 Million yen

60.0
40.3

182.21(99.84)―1―(3) Non-Consolidated Cash Flows

Cash flows
from operating
activities

Cash flows
from investing
activities

Cash flows
from financing
activities

Cash and cash
equivalents at
end of period

Million yen

Million yen

Million yen

Million yen

484
(194)

(941)
(27)

1,471
565

1,645631

March 31, 2019
March 31, 2018

2. Dividends
Annual dividends
1st2nd
3rdYear-end
quarter-end quarter-end quarter-end

Total

Total
dividends

Dividends
tonet assets

Payoutratio

Yen Million yen%%――――――

Fiscal year ended

Yen

Yen

Yen

Yen

March 31, 2018
March 31, 2019
Fiscal year ending
March 31, 2020
(Forecast)

―
―

0.00
0.00

―
―

0.00
0.00

0.00
0.00

―

―

―

―

―

―

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020
(April 1, 2019 to March 31, 2020)(% indicates changes from the previous corresponding period.)

Net sales

Operating income

Million yen

%

1,685
3,819

25.0
25.7

First half
Full year

Million yen

Ordinary income%Million yen

211 (8.4)
685 26.5

Net income
per share

Net income%Million yen

188 (18.8)
639 23.5%

Yen

159 (17.3)
543 (1.1)

13.93
47.34

*Notes:(1) Changes in accounting policies, changes in accounting estimates and retrospective
restatement
1) Changes in accounting policies due to the revision ofNoneaccounting standards:
None2) Changes in accounting policies other than 1) above:3) Changes in accounting estimates:

None4) Retrospective restatement:

None(2) Total number of issued shares (common shares)
1)Total number of issued shares at the end of the period (including treasury shares):
March 31, 2019:11,477,150 shares

March 31, 2018:

6,975,000 shares

2)Total number of treasury shares at the end of the period:
March 31, 2019:―

sharesMarch 31, 2018:―

shares3)Average number of shares during the period:
March 31, 2019:10,934,684 shares

March 31, 2018:

6,975,000 shares(Notes)

As of September 4, 2018, we split 10 shares of common stock per share. The number of outstanding
shares at the end of the fiscal year, the number of treasury shares at the end of the fiscal year
and the average number of shares outstanding during the period are calculated assuming that thestock split was made at the beginning of the previous fiscal year.

* These non-consolidated financial results are outside the scope of audit of a certified public accountant or
an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The forecasts above are based on the judgments made in accordance with information currently available.
Forecasts therefore include risks and uncertainties. Actual figures may differ from these forecasts due tosubsequent changes in circumstances.

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