Newly Listed Company Introduction Report (Issued by The Stock Research Center)

Premier Anti-Aging（4934-TSE Mothers）- - - - - - - - - - - - - - - - November 12,2020Plans and sells cosmetics centering on cleansing balms under DUO brandThis report is an English translation of part of the report issued on October 30, 2020.
For inquiries concerning the report, please contract info@stock-r.org【 4934 Premier Anti-Aging
Fiscal Year

Sector：Chemicals 】

Net sales

YoY

OperatingprofitYoY

Ordinaryprofit

YoY

ProfitYoY

EPSBPS

DPS(mn yen)(%)

(mn yen)(%)(mn yen)(%)(mn yen)

(%)

(yen)

(yen)

(yen)

July 201911,929

2.4x

242

75.6

235

67.4

174

82.5

21.8

16.5

0.0

July 2020

20,508

71.9

1,653

6.8x

1,635

6.9x

1,143

6.6x

142.9

38.3

0.0

July 2021 f

25,270

23.2

2,601

57.3

2,546

55.7

1,766

54.5

207.1

na

0.0

Note: Non-consolidated basis. Figures for the fiscal year ending July 2021 are the company's forecast.
It conducted 1-to-20 stock split on August 29,2020. Par share indicies are adjusted retoroactively.

Handling Anti-aging Cosmetics
Premier Anti-Aging plans and sells its own brand cosmetics, and entrusts manufacturing
to external companies. The company’s main brands are DUO brand and CANADEL brand.
In the fiscal year ended July 2019, sales of the DUO brand accounted for over 90% of totalsales, and furthermore, sales of the DUO brand makeup remover accounted for 89.3% oftotal sales. The CANADEL brand, which launched in April 2019, handles all-in-one
cosmetics.
The company sells its products mainly via e-commerce sites of the company and throughwholesalers. For the first three quarters of the fiscal year ended July 2020, sales via ecommerce sites accounted for around 80% of the total sales. For sales via e-commercesites, in addition to one-time purchases, there is periodic purchasing, which delivers
products to customers on a regular basis. The sales from periodic purchasing accounts forthe majority of sales via e-commerce sites.
The company acquires customers by utilizing pay-for-performance type digital marketing,and the advertising expenses to net sales ratio is at a high level of 48.2% for the fiscalyear ended July 2019 and 43.0% for the fiscal year ended July 2020.

Corporate Plan for Fiscal Year ending July 2021
The company expects net sales of 25,270 million yen (23.2% increase year-on-year),
operating profit of 2,601 million yen (57.3% increase year-on-year), and advertisingexpenses to net sales ratio of 41.3% for the fiscal year ending July 2021.
It forecasts net sales via e-commerce sites to increase 18.8% year-on-year to 18,717
million yen and net sales via wholesalers to increase 40.8% year-on-year to 6,117 million
yen, with the effect of TV commercials. Net sales via other channels is expected toincrease 5.4% year-on-year to 453 million yen with the launch of two new brands.

Newly Listed Company Introduction Report

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accessing and using the report or relying on the report concerning the distribution of the report. Final investment decisions shall be made by the investors themselves, and entire
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not be copied, reprinted, quoted, etc. without permission.

Newly Listed Company Introduction Report (Issued by The Stock Research Center)

Premier Anti-Aging（4934-TSE Mothers）- - - - - - - - - - - - - - - - November 12,2020
Financial Statements

Statement of income

Fiscal Year

July 2018(mn yen)July 2019(%)(mn yen)July 2020(%)(mn yen)(%)

Net sales

4,975

100.0

11,929100.0

20,508100.0

Cost of sales
Gross profit
Gross profit-net
Selling, general and administrative expenses
Operating profit
Non-operating income
Non-operating expenses
Ordinary profit
Profit before income taxes
Profit

924
4,050
4,049
3,911
13885140
147
95

18.6
81.481.478.6
2.8
2.8
3.0
1.9

2,215
9,713
9,710
9,467
242
0
7
235
235
174

18.6
81.4
81.4
79.4
2.0
2.0
2.0
1.5

4,024
16,483
16,483
14,829
1,653
0
18
1,635
1,636
1,143

19.6
80.4
80.4
72.3
8.1
8.0
8.0
5.6

Balance sheet

Fiscal Year

July 2018(mn yen)July 2019(%)(mn yen)July 2020(%)(mn yen)(%)

Current assets

1,458

91.4

2,882

94.6

6,477

94.6

Cash and deposits
Accounts receivable-trade
Inventories
Non-current assets
Property, plant and equipmentIntangible assets
Investments and other assets
Total assets
Current liabilities
Accounts payable
Short-term borrowings
Current portion of long-term borrowings
Accouts payable-otherNon-current liabilities
Long-term borrowings
Net assets
Shareholders' equity

317
746
368
137
14
55
67
1,595
1,281
177
145
833
181
174
132
132

19.9
46.8
23.1
8.6
0.9
3.5
4.2
100.0
80.3
11.1
9.1
52.2
11.4
10.9
8.3
8.3

719
1,576
520
163
16
63
84
3,045
2,450
914
550
178
714
289
283
306
306

23.6
51.8
17.1
5.4
0.52.1
2.8
100.0
80.4
30.0
18.1
5.9
23.5
9.5
9.3
10.1
10.1

1,902
2,504
1,985
370
124
90
155
6,848
4,735
1,063
1,050
309
1,626
662
632
1,449
1,449

27.8
36.6
29.0
5.4
1.8
1.3
2.3
100.0
69.1
15.5
15.3
4.5
23.8
9.7
9.2
21.2
21.2

Statement of cash flows

Fiscal Year

July 2018(mn yen)(%)

July 2019(mn yen)(%)

July 2020(mn yen)Cash flows from operating activities

67-238338

Depreciation
Cash flows from investing activities

11-41

29-54

31-135

Cash flows from financing activities
Dividends paid
Net increase in cash and cash equivalents
Cash and cash equivalents-135-109
313

692
399
712

979
1,182
1,894(%)

Note: Non-consolidated basis.
Source: Prepared by Stock Research Center based on the notifiable prospectus.

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no responsibility or obligation whatsoever. The Stock Research Center assumes no responsibility for any direct or indirect loss, lost profit, damage or other results from investors
accessing and using the report or relying on the report concerning the distribution of the report. Final investment decisions shall be made by the investors themselves, and entire
responsibility for investments lies with investors that accessed the report. In addition, intellectual rights concerning the report belongs to The Stock Research Center and may
not be copied, reprinted, quoted, etc. without permission.

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