Consolidated Financial Results
for the Six Months Ended August 31, 2022
[Japanese GAAP]
October 7, 2022
Company name: S TRUST Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange, Fukuoka Stock Exchange
Code number: 3280
URL: http://www.strust.co.jp/
Representative: MATSUKAWA Toru, President and Representative Director
Contact: FUJITA Takahisa, Managing Director and Representative Director
Phone: +81-83-229-3280
Scheduled date of filing quarterly securities report: October 11, 2022
Scheduled date of commencing dividend payments: November 8, 2022
Availability of supplementary briefing material on quarterly financial results: Not available
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended August 31, 2022 (March 1, 2022 to August 31,2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
6,084(32.2)
410
16.2347
25.2
235
27.7
August 31, 2022
8,968
35.8
352
91.3
277
130.9
184
129.9
August 31, 2021
(Note) Comprehensive income: Six months ended August 31, 2022: ¥235 million [25.9%]
Six months ended August 31, 2021: ¥187 million [131.0%]
Net income per share

Diluted net income pershare

Yen

Yen

39.47
31.03

－－

Six months ended
August 31, 2022
August 31, 2021
(2) Consolidated Financial Position

Total assets

Net assets

As ofMillion yen
Million yen
August 31, 2022
27,3137,140
February 28, 2022
25,538
6,942(Reference) Equity: As of August 31, 2022: ¥7,140 million
As of February 28, 2022: ¥6,942 million

1Equity ratio%

26.1
27.2

2. Dividends
1stquarter-end
Fiscal year ended
February 28, 2022
Fiscal year ending
February 28, 2023
Fiscal year ending
February 28, 2023
(Forecast)

Annual dividends
2nd
3rd
Year-endquarter-end quarter-end

Total

Yen

Yen

Yen

Yen

Yen－

7.00

－

9.00

16.00

－

9.00
－

9.00

18.00

(Note) Revision to the latest forecast of dividends: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2023 (March 1, 2022 toFebruary 28, 2023)(% indicates changes from the previous corresponding period.)
Net income
Net income
Net sales
Operating income
Ordinary income
attributable toper shareowners of parent
Million yen% Million yen% Million yen% Million yen%Yen

16,100
0.4
1,200
53.6
1,000
52.8
700
58.7
117.69Full year(Note) Revision to the latest forecast of financial results: No
Consolidated financial results forecast for the first half of the fiscal year ending February 28, 2023 has not been
prepared as the Company’s results may fluctuate significantly depending on the time of property delivery.
The Company has prepared only its full-year consolidated financial results forecast for the same year.

2Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting
in changes in scope of consolidation): No
New: - companies (Company name: )Excluded: - companies (Company name: )(2) Adoption of accounting method specific to preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(Note) For details, please see “2. The quarterly consolidated financial statements and primary notes (3) Notes tothe quarterly consolidated financial statements (changes in accounting policies)” on page 8 of theattachment (Japanese version only).
(4) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock):
August 31, 2022:
6,167,000 shares
February 28, 2022: 6,167,000 shares2) Total number of treasury stock at the end of the period:
August 31, 2022:
188,857 shares
February 28, 2022: 219,064 shares
3) Average number of shares during the period:
Six months ended August 31, 2022: 5,957,457 shares
Six months ended August 31, 2021: 5,933,431 shares* These financial results are outside the scope of review procedures of quarterly financial statements by certified
public accountant or audit firm.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
available and certain assumptions deemed reasonable. Actual results may differ significantly from these
forecasts due to a wide range of factors.

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