English Translation
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.

Non-Consolidated Financial Results
for the Third Quarter Ended December 31, 2019
[Japanese GAAP]
February 12, 2020
Tokyo Stock Exchange Mothers,
Company name:
PORT INC.
Stock exchange listing:
Fukuoka Stock Exchange Q-Board
Securities code:
7047
URL: https://www.theport.jp/
Representative:
Hirofumi Kasuga, President
Inquiries:
Yusuke Maruyama, Executive Vice President
TEL: +81-3-5937-6466
Dividend payable date (as planned):―
Annual securities report filing date (as planned): 2020-2-12
Supplemental material of annual results:
Yes
Convening briefing of annual results:
Yes (for institutional investors andinvestment analysts)(Amounts of less than one million yen are rounded down.)

1. Non-Consolidated Financial Results for the Third Quarter Ended December 31, 2019
(April 1, 2019 to December 31, 2019)(1) Non-Consolidated Operating Results (cumulative)(% indicates changes from the previous corresponding period.)

Net sales
Nine months ended

December 31, 2019
December 31, 2018

Operating income

December 31, 2019
December 31, 2018

(Note)

1.

2.

3.

Net income

Million yen%

Million yen%

Million yen%

Million yen%

2,785
2,062

35.0
―

440
325

35.4―

431
314

37.0
―

292
260

12.3
―

Net income per
share
Nine months ended

Ordinary income

Diluted net
income per
share

Yen

Yen

25.81
24.18

24.63
22.82

On September 4th, 2018, PORT INC. (the “Company”) conducted a 10:1 stock splitof its common stock. Basic earnings per share is calculated based on theassumption that the stock split was implemented at the beginning of the previous
fiscal year.
Regarding the diluted net income per share for the previous third quarter,
the Company's stocks were listed on the Tokyo Stock Exchange Mothers and theFukuoka Stock Exchange Q-Board on December 21,2018, the diluted net income pershare is calculated by regarding the average stock price from the initial listingdate to the end of the previous third quarter accounting period as the averagestock price during the period.
Since quarterly financial statements have not been prepared for the third quarterof the fiscal year ending March 31, 2018, the year-on-year change for the thirdquarter of the fiscal year ending March 31, 2019 is not stted.

(2) Non-Consolidated Financial Position
Total assets

Net assets

Equity ratio

Million yen

Million yen%

As of December 31, 2019
3,682
As of March 31, 2019
3,482
(Reference) Equity: As of December 31, 2019
As of March 31, 2019

2,020
2,091
2,016 Million yen
2,091 Million yen

54.8
60.0

―1―2. Dividends
Annual dividends
1st2nd
3rdYear-end
quarter-end quarter-end quarter-endFiscal year ended

YenYenYen

TotalYen

Yen

March 31, 2019
―0.00
―
0.00
0.00
March 31, 2020―
0.00―
Fiscal year ending
March 31, 2020――(Forecast)
The dividend forecast for the fiscal year ending March 2020 is undecided.

3. Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020
(April 1, 2019 to March 31, 2020)(% indicates changes from the previous corresponding period.)

Net sales
Full year

Operating income

Ordinary income

Net income
per share

Net income

Million yen%

Million yen%

Million yen%

Million yen%Yen3,81925.7685

26.5639

23.5

543

(1.1)

48.17

In the third quarter cumulative period of fiscal year ending March 31, 2020, the total number ofissued shares increased by 141 thousand due to the exercise of stock acquisition rights. Inaddition, the Company acquired 457 thousand shares of treasury stock on August 13, 2019. Net
income per share for the full year ending March 31, 2020 is the amount that takes these effects
into account. Net income per share before adjustment was 47.35 yen.

*Notes:(1) Changes in accounting policies, changes in accounting estimates and retrospective
restatement
1) Changes in accounting policies due to the revision ofNone
accounting standards:
None2) Changes in accounting policies other than 1) above:3) Changes in accounting estimates:

None4) Retrospective restatement:

None(2) Total number of issued shares (common shares)
1)Total number of issued shares at the end of the period (including treasury shares):
As of December 31, 2019:11,618,820 shares

As of March 31, 2019:11,477,150 shares

2)Total number of treasury shares at the end of the period:
As of December 31, 2019:457,100 shares

As of March 31, 2019:―shares3)Average number of shares during the period:
Nine Months ended December 31, 2019:

11,321,735 shares

Nine Months ended December 31, 2018:

10,757,150 shares(Notes) As of September 4, 2018, we split 10 shares of common stock per share. The average

number of shares outstanding for the third quarter of the fiscal year ended March31,2019 is calculated assuming that the stock split was made at the beginning of theprevious fiscal year.

* These quarterly financial results are not subject to quarterly review by certified public accountants or an audit
firm.
* Explanation of the proper use of financial results forecast and other notes
The forecasts above are based on the judgments made in accordance with information currently available.
Forecasts therefore include risks and uncertainties. Actual figures may differ from these forecasts due tosubsequent changes in circumstances.

―2―