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 November 30, 2021
(Based on Japanese GAAP)
January 13, 2022
Company name:
TOUMEI CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

4439
CEOURLhttps://www.toumei.co.jp/Inquiries:

Director
Makoto Sekiyama
General Manager of Administrative Division

Fumihiko Yamamoto

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

January 13, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
No

TEL

059(330)2151(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended November 30, 2021 (from September 1, 2021 to November 30, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended November 30, 2021
3,634
20.6(20)–
2 (98.7)(9)–
Three months ended November 30, 2020
3,014
7.3
207
14.0
217
(2.3)
137(1.2)
Earnings per share

Diluted earnings per share

Yen(1.31)
18.81

Three months ended November 30, 2021
Three months ended November 30, 2020

Yen
–
18.33

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
7,726
7,790

As of November 30, 2021
As of August 31, 2021

Equity ratio

Millions of yen
4,793
4,882%
62.0
62.7

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen
–

Yen
11.00

Yen
11.00

0.00

–

12.00

12.00

Year ended August 31, 2021
Year ending August 31, 2022
Year ending August 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending August 31, 2022 (from September 1, 2021 to August 31, 2022)
Net sales
Millions of yen
Six months ending
February 28, 2022
Full year

Percentages 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

7,578

26.4

139(37.2)

166(32.1)

79(49.9)

10.80

15,719

20.7

626

59.7

682

50.9

443

60.1

60.41

1

4. Notes(1) Changes in significant subsidiaries during the three months ended November 30, 2021
(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:

Yes(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 November 30, 2021

7,341,900 shares As of August 31, 2021

7,341,900 shares

407 shares As of August 31, 2021

377 shares

Number of treasury shares at the end of the period
As of November 30, 2021

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended November 30,2021

7,341,507 shares

2

Three months ended November 30,
2020

7,332,785 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of August 31, 2021

As of November 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade2,985,268
3,746,212

2,584,253
3,874,471

Merchandise and finished goods
Raw materials and supplies

4,769
118,849

6,517
107,361

Other
Allowance for doubtful accounts

169,688(22,167)

264,374(23,464)

7,002,620

6,813,514

Total current assets
Non-current assets
Property, plant and equipment

329,587

325,233

Intangible assets
Investments and other assets

16,221

15,734

Investment securities
Deferred tax assets

23,76652,36725,39859,567

Other
Allowance for doubtful accounts

403,421(37,136)

524,015(37,136)

Total investments and other assets

442,418

571,844788,226

912,8127,790,846

7,726,327

Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade

1,438,503

1,409,321

Short-term borrowings
Accounts payable - other

100,000
313,120

100,000
349,649

Income taxes payable
Provision for bonuses

66,542
56,77914,952
16,751

Provision for sales promotion expenses
Other

1,148
76,175

636
185,429

Total current liabilities

2,052,269

2,076,740

Non-current liabilities
Long-term borrowings

800,000

800,000

Asset retirement obligations
Other

50,754
5,520

50,7995,780

Total non-current liabilities

856,275

856,579

2,908,544

2,933,319

Total liabilities3

(Thousands of yen)
As of August 31, 2021

As of November 30, 2021

Net assets
Shareholders' equity
Share capital

607,690607,690

Capital surplus
Retained earnings

597,690
3,661,087

597,690
3,570,688

(415)

(451)

4,866,051

4,775,617

Valuation difference on available-for-sale securities

16,25117,390

Total accumulated other comprehensive income

16,251

17,3904,882,302

4,793,007

7,790,846

7,726,327

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Total net assets
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

November 30, 2020

November 30, 2021

Net sales
Cost of sales

3,014,557
1,940,022

3,634,105
2,723,337

Gross profit

1,074,534

910,768

Selling, general and administrative expenses

867,291

931,608

Operating profit (loss)

207,242(20,839)

Interest income
Gain on settlement of liabilities

835
9,311

490
22,461

Other

1,708

1,938

Total non-operating income

11,85524,890Interest expenses
Other

1,872
30

1,310
0

Total non-operating expenses

1,902

1,310

Ordinary profit

217,195

2,739

Profit before income taxes

217,195

2,739

Income taxes

79,27812,381

Profit (loss)

137,916(9,641)

Profit (loss) attributable to owners of parent137,916(9,641)Non-operating income

Non-operating expenses

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

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income

Three months ended

Three months ended

November 30, 2020

November 30, 2021

137,916(9,641)

4,359

1,139

4,359

1,139

Comprehensive income

142,276(8,502)Comprehensive income attributable toComprehensive income attributable to owners of parent

142,276(8,502)6