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 August 31, 2022
(Based on Japanese GAAP)
October 12, 2022
Company name:Astena Holdings Co.,Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8095
President

URL

https://www.astena-hd.com
Keitaro Iwaki

Inquiries:
Board Director
Scheduled date to file Quarterly Securities Report:

Masaaki Atsumi
October 12, 2022

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-3279-0481(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended August 31, 2022 (from December 1, 2021 to August 31, 2022)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended August 31, 2022
Nine months ended August 31, 2021

Millions of yen36,928
53,727

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
–426–
516–
606
–
13.0
1,953
38.9
2,040
43.6
1,130 (26.7)

Earnings per share

Diluted earnings per share

Yen
15.17
31.20

Nine months ended August 31, 2022
Nine months ended August 31, 2021

Yen–
30.99

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
62,86263,553As of August 31, 2022
As of November 30, 2021

Equity ratio

Millions of yen
27,12327,006

Net assets per share%
43.0
42.5

Yen
683.14677.092. Cash dividends
Annual dividends per share

Year ended November 30, 2021
Year ending November 30, 2022
Year ending November 30, 2022
(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
9.00
9.00

Yen––

Yen
9.00

Total
Yen
18.00

9.00

18.00

3. Forecast of consolidated financial results for the year ending November 30, 2022 (from December 1, 2021 to November 30, 2022)
Net sales
Full yearMillions of yen
50,000Percentages 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–
1,000–
1,000–
1,100–
27.59

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended August 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

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

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of August 31, 2022

40,772,366 shares As of November 30, 2021

40,630,087 shares

Number of treasury shares at the end of the period
As of August 31, 2022

1,188,042 shares As of November 30, 2021

753,787 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended August 31, 2022

39,942,451 shares Nine months ended August 31, 2021

236,219,790 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of November 30, 2021

As of August 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

10,927,061
13,542,403

7,156,430–

Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating–
3,171,123

14,431,369
3,462,169

Merchandise and finished goods
Work in process

5,350,885
2,130,371

6,104,610
1,929,225

Raw materials and supplies
Other

1,856,915
1,113,358

1,867,666
1,109,132(35,136)(32,880)

38,056,982

36,027,724

10,445,657

10,315,600

Accumulated depreciation(6,361,673)(6,393,147)

Buildings and structures, net

4,083,983

3,922,453

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

9,434,943

9,842,172

Accumulated depreciation(7,829,996)(8,111,981)

Machinery, equipment and vehicles, net

1,604,946

1,730,191

Land

3,690,159

3,244,625

Other
Accumulated depreciation

3,752,826(2,622,882)

3,910,369(2,740,034)

1,129,943

1,170,335

Construction in progress

1,440,999

2,922,093

Total property, plant and equipment

11,950,032

12,989,699

Goodwill
Technical assets

4,394,812
542,329

4,588,011
516,505

Customer relationshipOther2,183,926
1,290,775

2,098,688
1,286,792

Total intangible assets

8,411,844

8,489,998

Investments and other assets
Investment securities

3,612,852

3,889,578

Retirement benefit asset
Other393,341
1,152,551

342,540
1,146,649(23,954)(23,794)

Other, net

Intangible assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

5,134,790

5,354,974

25,496,667

26,834,671

63,553,650

62,862,395

(Thousands of yen)
As of November 30, 2021

As of August 31, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade

8,851,843

8,418,466

Electronically recorded obligations - operating
Short-term borrowings

3,265,906
9,053,400

3,576,918
9,935,000

Accrued expenses
Income taxes payable

2,790,109
875,499

1,719,119
538,086

794,853
24,334

1,037,719
–

4,914
–

2,924
34,100

978,385

1,580,481

26,639,245

26,842,816

Long-term borrowings
Deferred tax liabilities

5,812,500
936,999

4,877,500
764,450

Provision for share-based compensation
Retirement benefit liability

66,2552,598,896

66,2552,626,000

493,480

561,505

Provision for bonuses
Provision for sales returns
Provision for product warranties
Other provisions
Other
Total current liabilities
Non-current liabilities

Other
Total non-current liabilities

9,908,132

8,895,712

36,547,377

35,738,528

Share capital
Capital surplus

4,528,304
6,516,607

4,557,400
6,538,828

Retained earnings
Treasury shares

15,027,322(254,106)

15,058,299(441,100)

Total shareholders' equity

25,818,127

25,713,427

985,8671,051,846

Deferred gains or losses on hedges
Foreign currency translation adjustment(763)
103,839(787)
193,192

Remeasurements of defined benefit plans

92,61583,835

1,181,558

1,328,086

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

6,586

82,35327,006,272

27,123,867

63,553,650

62,862,395

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months ended

August 31, 2021

August 31, 2022

Net sales
Cost of sales

53,727,608
41,007,825

36,928,145
25,256,654

Gross profit

12,719,783

11,671,491

Selling, general and administrative expenses

10,766,380

11,245,161

Operating profit

1,953,402

426,329

Interest income
Dividend income

2,041
51,3032,014
53,813

Rental income
Foreign exchange gains

27,890–13,072
72,272Other120,961110,978

Total non-operating income

202,195

252,151

Interest expenses
Rent costs

46,02315,00040,057–

Foreign exchange losses
Share of loss of entities accounted for using equity method

7,430
16,036–50,880Non-operating income

Non-operating expenses

Other

30,88470,796

Total non-operating expenses

115,375

161,734

2,040,222

516,746

1,521

660,30411––
24,9001,533

685,204

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on donation of a state subsidy
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets

56,605

20,843

Loss on sale of non-current assets
Loss on transition of retirement benefit plan

1,336
––
56,365

Total extraordinary losses

57,942

77,209Profit before income taxes

1,983,813

1,124,741

Income taxes - current
Income taxes - deferred

772,204
81,374944,243(420,519)

Total income taxes

853,579

523,724

1,130,234

601,017

ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

5–(5,033)

1,130,234

606,050Consolidated statements of comprehensive income (cumulative)(Thousands of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

August 31, 2021

August 31, 2022

1,130,234

601,017

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

137,477624

65,905(32)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

19,462(6,033)89,352(8,779)(447)

81

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

151,083

146,527

1,281,318

747,545

1,281,318

752,578–(5,033)

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6