Summary of Business Results for the Fiscal Year Ended September 30, 2020
[Japan GAAP] (Consolidated)
November 13, 2020
Company
CANDEAL Co., Ltd.
Listed on the TSE
Stock Code1446
URL https://www.candeal.co.jp/
Representative
Akio Hayashi, President and Executive Director
Contact
Izumi Fujiwara, Director, General Manager of Administration Dept. T E L: +81-3-6862-1701
Expected date of annual shareholders’ meeting: December 24, 2020
Expected starting date of dividend payment: December 25, 2020
Expected date of filing of annual securities report: December 24, 2020
Preparation of supplementary financial document: Yes
Results briefing: Yes (for analysts)（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended September 2020
(October 1, 2019 through September 30, 2020)(1) Consolidated results of operations(% change from the previous corresponding period)

Net salesYear ended Sept. 2020
Year ended Sept. 2019

Million yen
12,264
13,167

Operating income
%
-6.9
7.6

Million yen
421
465%
-9.3
15.1

(Note) Comprehensive income:Year ended September 2020: 191 million yen (-22.9%)
Year ended September 2019: 247 million yen (45.1%)

Net income
per share

Diluted net income
per share

Yen
18.50
24.26

Year ended Sept. 2020
Year ended Sept. 2019

Ordinary income
Million yen
429
453

Return onequity

Yen
18.05
23.43%
5.9
8.3%
-5.2
31.3

Net income attributableto owners of parent
Million yen%
191-22.7
247
44.6

Ratio of ordinary
income to total
assets%5.6
6.7

Ratio of operating
income to net sales(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Net income per share and diluted net income per share
are calculated by assuming that the stock split was conducted at the beginning of the previous fiscal year.

%
3.4
3.5

(2) Consolidated financial position
Total assets

Net assets

Million yen
8,402
6,854

As of Sept. 2020
As of Sept. 2019

Million yen
3,396
3,154

Shareholders’ equity
ratio%
40.4
45.9

Net assets per
shareYen
316.81304.42(Reference) Shareholders’ equity:
As of September 2020: 3,396 million yen
As of September 2019: 3,143 million yen(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Net assets per share is calculated by assuming that thestock split was conducted at the beginning of the previous fiscal year.

(3) Consolidated results of cash flows

Year ended Sept. 2020
Year ended Sept. 2019

Cash flows fromoperating activities
Million yen
449
595

Cash flows frominvesting activities
Million yen-106
79

Cash flows fromfinancing activities
Million yen
1,521-351

Cash and cash equivalents
at the end of period
Million yen
3,455
1,590

2. Dividends
Annual dividendYear ended Sept. 2019Year ended Sept. 2020
Year ending Sept. 2021
(forecast)End of 1Q

End of 2QEnd of 3Q

Year-end

Total

Yen

Yen
5.00
3.00
3.00

Yen

Yen
3.00
3.00
3.00

Yen--

6.00
6.00

Total
dividend(Total)
Million yen
56
63

Dividend
payout ratio(Consolidated)
%
22.9
32.4
42.5

Rate of total
dividend tonet assets(Consolidated)%
1.9
1.9(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019, the Company presents the actual dividend for the second
quarter of the fiscal year ended September 2019.

－ 1 －3．Forecast of consolidated business results for the fiscal year ending September 2021
(October 1, 2020 through September 30, 2021)
Net salesYear ending
Sept. 2021(% change from the previous corresponding period)

Operating income%Net income attributableto owners of parent
Million yen%

-14.7151

Ordinary income

Million yen%

Million yen%

Million yen

12,8044.4369-12.4366

Net income
per shareYen

-21.0

14.13

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None

(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of September 2020
10,720,200 shares
As of September 2019
10,327,800 shares② Treasury stock at the end of period:
As of September 2020
- shares
As of September 2019- shares③ Average number of stock during period
Year ended September 2020
10,364,737 sharesYear ended September 201910,216,509 shares(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Net income per share and diluted net income per share
are calculated by assuming that the stock split was conducted at the beginning of the previous fiscal year.

(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the fiscal year ended September 2020
(October 1, 2019 through September 30, 2020)(1) Non-consolidated results of operations
Year ended Sept. 2020
Year ended Sept. 2019

Net sales
Million yen
1,247
1,205
Net income
per share

Year ended Sept. 2020
Year ended Sept. 2019(% change from the previous corresponding period)%
3.5
7.2

Operating income
Million yen%264
10.7
238-16.2

Yen
12.77
10.98

Diluted net income pershare
Yen
12.46
10.60

Ordinary income
Million yen%223-1.3
226-3.7

Net income
Million yen%132
18.0
112-30.2(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Net assets per share and diluted net income per share arecalculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

(2) Non-consolidated financial position
Total assets
As of Sept. 2020
As of Sept. 2019

Million yen
6,694
5,104

Net assets
Million yen
3,063
2,879

Shareholders’ equity
ratio%
45.8
56.2

Net assets per
shareYen
285.75277.87(Reference) Shareholders’ equity:
As of September 2020: 3,063 million yen
As of September 2019: 2,869 million yen(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Net assets is calculated assuming that the stock split wasconducted at the beginning of the previous fiscal year.

－ 2 －*Financial summary is not subject to the review procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Company
and certain assumptions that the Company deems to be reasonable at the time this report was prepared. The Company
does not make promises about the achievements. Actual results may differ significantly from the forecasts due tovarious factors.
(Access to Supplementary Explanatory Materials and Details of Results Briefing)
The Company plans to hold a financial results briefing for securities analysts on Monday, December 7, 2020.
Materials for this briefing will be posted on the Company's website as soon as possible after the briefing.

－ 3 －