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 June 30, 2020
(Based on Japanese GAAP)
August 11, 2020
Company name:
ISEWAN TERMINAL SERVICE CO.,LTD.
Stock exchange listing: Nagoya
Stock code:
Representative:

9359
President

URL

https://www.isewan.co.jp/Shozo Goto

Inquiries:
Executive Managing Director
Scheduled date to file Quarterly Securities Report:

Akihiko Takahashi
August 13, 2020

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

Holding of quarterly financial results meeting:

NoTEL

052-661-5181(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2020Three months ended June 30, 2019

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%
10,227 (17.8)(10)–(149)–(120)–
12,447
(2.0)
717
(9.1)
888
12.0
584
(2.8)
Earnings per share

Diluted earnings per share

Yen(4.84)
23.56

Three months ended June 30, 2020Three months ended June 30, 2019

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2020
As of March 31, 2020

Net assets

Millions of yen
43,37544,778Equity ratio

Millions of yen
33,40434,213

%
74.6
73.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2020
Year ending March 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
11.00

Yen–

Yen
11.00

Yen
22.00

––––

Year ending March 31, 2021 (Forecast)

1Total3. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2020(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:

No
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 June 30, 202027,487,054 shares As of March 31, 2020

27,487,054 shares

Number of treasury shares at the end of the period
As of June 30, 2020

2,681,291 shares As of March 31, 2020

2,681,291 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2020

24,805,763 shares Three months ended June 30, 2019

224,805,878 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of March 31, 2020

As of June 30, 2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,694,168
6,780,427

9,953,254
5,770,173

Other
Allowance for doubtful accounts

1,223,984(9,575)

1,202,906(9,049)Total current assets

17,689,004

16,917,284

Buildings and structures, net
Machinery, equipment and vehicles, net

6,900,766
997,268

6,527,597
930,180

Land
Leased assets, net

13,042,065
101,552

12,747,158
90,9266,109
562,290

9,027
521,155

21,610,054

20,826,046

52,81549,539Total intangible assets

52,81549,539Investments and other assets
Investment securities

2,913,741

3,264,252

1,660
778,550

1,660
744,172

1,256,609
521,0031,140,800
507,255(45,332)(75,947)

Non-current assets
Property, plant and equipment

Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Other

Investments in capital
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

5,426,231

5,582,193

27,089,100

26,457,779

44,778,105

43,375,063

(Thousands of yen)
As of March 31, 2020

As of June 30, 2020

Liabilities
Current liabilities
Accounts payable - trade

3,102,242

2,670,970

Short-term borrowings
Current portion of long-term borrowings

63,060581,741

466,584
425,300

Lease obligations
Income taxes payable

141,527
265,518

183,944
49,900

Provision for bonuses
Other871,117
1,236,488

428,152
1,548,910

Total current liabilities

6,261,695

5,773,763

Non-current liabilities
Long-term borrowings

181,199

164,488

Lease obligations
Retirement benefit liability

351,4133,307,180

262,2123,362,122Asset retirement obligations
Other

223,670
239,454

224,974
183,121

Total non-current liabilities

4,302,917

4,196,919

10,564,613

9,970,682

Shareholders' equity
Share capital

2,046,941

2,046,941

Capital surplus
Retained earnings

1,464,060
30,485,049

1,464,060
30,079,728

Treasury shares(1,218,278)(1,218,278)

Total shareholders' equity

32,777,771

32,372,450

499,697(195,645)

705,559(724,273)(1,264)

8,567

Total liabilities
Net assets

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

302,787(10,145)

Non-controlling interests

Total accumulated other comprehensive income

1,132,932

1,042,075

Total net assets

34,213,491

33,404,381

44,778,105

43,375,063

Total liabilities and net assets

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

Three months ended

June 30, 2019

June 30, 2020

Net sales
Cost of sales

12,447,097
9,716,085

10,227,825
8,334,819

Gross profit

2,731,012

1,893,005

Selling, general and administrative expenses

2,013,448

1,903,931

717,563(10,925)

Interest income
Dividend income

11,75642,90813,33534,081

Foreign exchange gains
Share of profit of entities accounted for using equity method

42,383
11,590–11,217

Rental income
Other

26,676
39,56926,93037,691

Total non-operating income

174,884

123,256

Operating profit (loss)
Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange lossesDepreciation
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets

2,301

2,982

–
1,158

257,524
1,021

417

390

3,877

261,919888,570(149,588)

21

267

21

267

1,292

0

Total extraordinary losses

1,292

0

Profit (loss) before income taxes

887,299(149,320)

Income taxes - current
Income taxes - deferred

48,446
203,452

19,401
21,544

Total income taxes

251,898

40,946

Profit (loss)

635,400(190,266)

Profit (loss) attributable to non-controlling interests

51,067(70,113)

Profit (loss) attributable to owners of parent

584,332(120,153)

5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)

Profit (loss)
Other comprehensive income

Three months ended

Three months ended

June 30, 2019

June 30, 2020
635,400(190,266)

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

28,981
31,286

201,565(530,691)

Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted

11,663

9,832

(600)

4,216

for using equity method

71,330(315,076)

Comprehensive income

Total other comprehensive income

706,731(505,343)

Comprehensive income attributable toComprehensive income attributable to owners of parent

655,843(433,086)

50,887(72,256)

Comprehensive income attributable to non-controllinginterests

6