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 February 28, 2022
(Based on Japanese GAAP)
April 13, 2022
Company name:Astena Holdings Co.,Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8095
President

URL

https://www.astena-hd.com
Keitaro Iwaki

Inquiries:
Board Director
Scheduled date to file Quarterly Securities Report:

Masaaki Atsumi
April 13, 2022

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-3279-0481(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended February 28, 2022 (from December 1, 2021 to February 28, 2022)(1) Consolidated operating results (cumulative)
Net sales
Three months ended February 28, 2022
Three months ended February 28, 2021

Millions of yen
12,285
16,975Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%–630–659–
449
–
16.5
663 139.0
705 139.0
398 102.8

Earnings per share

Diluted earnings per share

Yen
11.26
11.92

Three months ended February 28, 2022
Three months ended February 28, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
63,10263,553

As of February 28, 2022
As of November 30, 2021Equity ratio

Millions of yen
27,38327,006

Net assets per share%
43.4
42.5

Yen
685.33677.092. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
9.00

Yen–

Yen
9.00

Yen
18.00

9.00

–

9.00

18.00

Year ended November 30, 2021
Year ending November 30, 2022
Year ending November 30, 2022(Forecast)Total

3. Forecast of consolidated financial results for the year ending November 30, 2022 (from December 1, 2021 to November 30, 2022)
Net salesMillions of yen
Six months ending
May 31, 2022
Full yearPercentages 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

25,000–1,000–

1,000–

1,000–

25.08

50,000–1,700–

1,600–

1,500–

37.62

14. Notes(1) Changes in significant subsidiaries during the three months ended February 28, 2022
(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:

No(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 February 28, 2022

40,630,087 shares As of November 30, 2021

40,630,087 shares

Number of treasury shares at the end of the period
As of February 28, 2022

712,887 shares As of November 30, 2021

753,787 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended February 28, 2022

39,904,400 shares Three months ended February 28, 2021

233,452,021 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of November 30, 2021

As of February 28, 2022Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade

10,927,061
13,542,403

10,615,446–

Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating–
3,171,123

13,202,881
3,218,708

Merchandise and finished goods
Work in process

5,350,885
2,130,371

5,374,298
1,444,014

Raw materials and supplies
Other

1,856,915
1,113,358

1,861,244
1,150,535(35,136)(31,518)

38,056,982

36,835,609

10,445,657

10,546,060

Accumulated depreciation(6,361,673)(6,445,649)

Buildings and structures, net

4,083,983

4,100,410

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

9,434,943

9,520,562

Accumulated depreciation(7,829,996)(7,937,447)

Machinery, equipment and vehicles, net

1,604,946

1,583,115

Land

3,690,159

3,695,969

Other
Accumulated depreciation

3,752,826(2,622,882)

3,750,413(2,618,891)

1,129,943

1,131,522

Construction in progress

1,440,999

1,563,418

Total property, plant and equipment

11,950,032

12,074,436

Goodwill
Technical assets

4,394,812
542,329

4,739,900
533,721

Customer relationshipOther2,183,926
1,290,775

2,208,847
1,319,823

Total intangible assets

8,411,844

8,802,292

Investments and other assets
Investment securities

3,612,852

3,770,330

Retirement benefit asset
Other393,341
1,152,551

395,198
1,248,312(23,954)(23,320)

Other, net

Intangible assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

35,134,790

5,390,520

25,496,667

26,267,250

63,553,650

63,102,859

(Thousands of yen)
As of November 30, 2021

As of February 28, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade

8,851,843

8,435,934

Electronically recorded obligations - operating
Short-term borrowings

3,265,906
9,053,400

3,315,481
9,853,400

Accrued expenses
Income taxes payable

2,790,109
875,499

1,904,291
540,423

Provision for bonuses
Provision for sales returns

794,853
24,334

837,348–

Provision for product warranties
Other

4,914978,385

4,461
1,156,697

Total current liabilities

26,639,245

26,048,036

Non-current liabilities
Long-term borrowings

5,812,500

5,395,000

936,999
66,255

1,034,893
66,2552,598,896–

2,618,629
32,500493,480

524,282

Deferred tax liabilities
Provision for share-based compensation
Retirement benefit liability
Other provisions
Other
Total non-current liabilities

9,908,132

9,671,561

36,547,377

35,719,597

Share capital
Capital surplus

4,528,304
6,516,607

4,528,304
6,509,732

Retained earnings
Treasury shares

15,027,322(254,106)

15,268,379(240,274)

Total shareholders' equity

25,818,127

26,066,141

985,867

1,066,394

Deferred gains or losses on hedges
Foreign currency translation adjustment(763)
103,839442
133,673

Remeasurements of defined benefit plans

92,61589,8701,181,558

1,290,381

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

46,58626,738

27,006,272

27,383,261

63,553,650

63,102,859

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

February 28, 2021

February 28, 2022

Net sales
Cost of sales

16,975,331
12,956,768

12,285,735
8,044,002

Gross profit

4,018,562

4,241,733

Selling, general and administrative expenses

3,354,878

3,611,528

663,684

630,204

Interest income
Dividend income

741
20,677652
22,371

Rental income
Foreign exchange gains

14,245
1,785

4,444–

Other

40,05036,651

Total non-operating income

77,50164,119Interest expenses
Rent costs

14,2037,500

16,071–

Foreign exchange losses
Share of loss of entities accounted for using equity method

–
7,757

1,169
7,956

Operating profit
Non-operating income

Non-operating expenses

Other

5,742

9,335

Total non-operating expenses

35,20334,533705,981659,791

Ordinary profit
Extraordinary income
Gain on sale of non-current assets

141,353

Gain on sale of investment securities

11–

Total extraordinary income

26

1,353

Loss on disposal of non-current assets

619

2,375

Total extraordinary losses

619

2,375

Profit before income taxes

705,388658,768

Income taxes - current

270,450

318,614

Income taxes - deferred

36,341(109,074)

Total income taxes

306,792

209,540

Profit398,596449,228–(47)

398,596449,276

Extraordinary losses

Loss attributable to non-controlling interests
Profit attributable to owners of parent

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

ProfitOther comprehensive income

Three months ended

Three months ended

February 28, 2021

February 28, 2022

398,596449,228

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(32,665)
2,562

80,412
1,197

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

18,2309,338

29,833(2,744)92

123

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income(2,442)

108,822396,154558,051

396,154558,099–(47)

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6