Financial Results for the First Quarter of Fiscal Year Ending March 31, August , Stock Exchange Listings : Tokyo 1st Section(URL https://www.jms.cc/)

Company name: JMS Co., Ltd.

Securities code: 7702

Representative: Hiroaki Okukubo, President and Representative DirectorInquiries: 5\XML.DWVXUD'LUHFWRU+HDGRI&RUSRUDWH$IIDLUV'LYLVLRQ:

TEL+81-82-243-5844 :

Quarterly statement filing date (as planned)

August , Supplemental material of quarterly results: NoneConvening briefing of quarterly results: NoneDividend payable date (as planned): 䠉(Note: Amounts below are rounded down to the nearest million yen)
1. Consolidated Financial Highlights for the Interim Period Ended June 䚷(From April 1,  to June 30, )(1) Consolidated operating results
Net sales

Operating profit(%: change from the same previous period)
Profit attributable toowners of parent
Millions of yen
Millions of yen%%
Ordinary profit

Millions of yen%

Millions of yen%Three months ended June 30, 

Three months ended June 30, 

ʊ(Note)

Comprehensive income : Three months ended June 30,  :䚷million yen 䛊㻔㻠㻝㻚㻠㻕%䛋, Three months ended June 30,  :䚷 million yen 䛊䠉%䛋.

Basic earnings per share

Diluted earnings per share

Yen


Yen

Three months ended June 30, 
Three months ended June 30, 

䠉䠉(2) Consolidated financial positions
Total assets

Net assets

Capital adequacy ratio

Millions of yen

Millions of yen%

As at June 30, 

As at March 31, 



(Note)

Owner's equity : June 30,  :䚷million yen, 䚷March 31,  :䚷 million yen.

2. Dividends
Dividend per share
1st quarter
Yen
Year ended March 31, 䠉Year ending March 31, 䠉

2nd quarter
Yen
8.0

Year ending March 31, 202 (forecast)(Note)

8.0

3rd quarter
Fiscal year end
Yen
Yen
0
䠉

AnnualYen
1.00

8.0

1.00

䠉

Correction of dividend forecast from the most recent dividend forecast : None

3. Consolidated Forecast for the Year Ending March 202 (From April 1,  to March 31, 202)Net sales
Millions of yen

Operating profit+DOI\HDUHQGLQJ6HSWHPEHU

%

Year ending March 31, 202

Millions of yen

Ordinary profit%

Millions of yen%


(%: change from the same previous period)
Profit attributable to
Basic earnings pershareowners of parent
Millions of yenYen%



(Note) Correction of financial forecast from the most recent financial forecast. : None

The aforementioned projections are based on the information currently available, and may contain some uncertainties.
The final results might be significantly different from the aforementioned projections due to changes in business conditions.

Page 1 RI

JMS (7702) Financial Results for the first Quarter of Fiscal Year Ending March 31, 4.Overview of business results for the first quarter(1)Overview of consolidated business results
JMS strives to enhance product development, production and sales as well as to improve the quality of corporate
management and the corporate value, in order 'To be a bridge for the people who give and seek medical care, and tobring a smile to people by contributing to a healthy and better life' under our Founding Spirit of 'For People’s PreciousLife'. In terms of business activities, we develops, manufactures, and sells products in four main areas: infusion andenteral nutrition, Dialysis, Cardiovascular and Blood Transfusion.
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(2) Overview of the financial condition
Total assets as of the end of this first quarter totaled 69,141 million yen, up by 56million yen from the end of theprevious consolidated fiscal year. The details of assets, liabilities and net assets are as shown below.
(Assets)
Current assets decreased to 38,760 million yen, down by 222 million yen from the end of the previous consolidated
fiscal year, mainly due to the decrease of notes and accounts receivable trade. Non-current assets increased to 30,381
million yen, up by 279 million yen from the end of the previous consolidated fiscal year, mainly due to the increase ofgoodwill.
(Liabilities)
Current liabilities increased to 23,685 million yen, up by 1,140 million yen from the end of the previous consolidated
fiscal year, mainly due to the increase of Short-term loans payable. Non-current liabilities decreased to10,187 million
yen, down by 1,359 million yen from the end of the previous consolidated fiscal year, mainly due to the decrease oflong-term loans payable.
(Net assets)
Net assets increased to 35,269 million yen, up by 275 million yen from the end of the previous consolidated fiscalyear, mainly due to a change in foreign currency translation adjustment. Note that the capital adequacy ratio increased
by 0.4 percentage points to 50.8%.

(3) Overview of consolidated business forecastConsolidated business forecast for the fiscal year ending March 31, 2022 released on May 12, 2021 has not beenrevised, as the overall business environment remained unclear.

Page 3 RI

5. Consolidated Financial Statements

Consolidated Balance SheetJMS CO., LTD. and Consolidated Subsidiaries(Millions of yen)
As at March 31,
2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, net
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investments and other assets
Allowance for doubtful accounts

Total investments and other assets
Total non-current assets
Total assets

Page 4 RIAs at June 30,2021

5,968
16,415
256
8,872
2,758
4,056
683
(27)
38,983

5,645
15,791
266
9,623
2,859
3,966
635
(27)
38,760

8,329
7,409
8,366
24,105

8,266
7,352
8,525
24,144

―
692
692

155
766
922

5,315(11)5,304
30,101
69,0855,326(11)5,314
30,381
69,141

Consolidated Balance SheetJMS CO., LTD. and Consolidated Subsidiaries(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
OtherTotal current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Page 5 RIAs at March 31,
2021

As at June 30,
2021

8,322
4,304
4,109
339
1,099
4,369
22,5458,028
5,687
4,022221600
5,126
23,685

9,336
128
805
148
1,127
11,54634,091

8,073
130
777
148
1,057
10,18733,872

7,411
10,362
17,241(242)
34,772

7,411
10,362
17,399(242)
34,930401(332)
69
151
34,99369,085

335
(145)
189
148
35,26969,141

Consolidated statements of income
JMS CO., LTD. and Consolidated Subsidiaries(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Subsidy income
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

Page 6 RIThree months ended
June 30, 2020Three months ended
June 30, 2021

13,579
9,802
3,776
3,146
630

13,797
10,103
3,693
3,257
436

224114
227
171

12536
35
28
127

45
57
14117
685

41
38
585
478

1170
172

2
―
2

10
1856
128
69
198
658(0)
659

0
28
28
451
75
1287
364
(1)
365

Consolidated statements of comprehensive income
JMS CO., LTD. and Consolidated Subsidiaries(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Page 7 RI

Three months ended
June 30, 2020Three months ended
June 30, 2021

658

364

47
120
168
826

(66)
186120484826
0486(1)