Summary of Business Results for the Third Quarter Ended December 31, 2020
[Japan GAAP] (Consolidated)

February 12, 2021
Listed on the TSE
URL: http://www.akatsuki-fg.com/Akatsuki Corp.
8737
Hideaki Shimane, President and Representative Director
Michihiro Kitano, Director, Executive Officer, Manager ofPresident’s Office
Expected date of filing of quarterly report: February 12, 2021
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: NoneCompany
Stock CodeRepresentativeContact

T E L: +81-3-6821-0606（Rounded down to million yen）

１. Consolidated business results for the nine months ended December 2020
(April 1, 2020 through December 31, 2020)(1) Consolidated results of operations(% change from the previous corresponding period)

Net operating
revenues

Operating income

Ordinary income

Net income attributableto owners of parent

Million yen%

Million yen%

Million yen%

Nine months ended Dec. 2020
28,232
17.4
11,62159.2
1,704
Nine months ended Dec. 201924,039
1.4
7,301
3.5
923
(Note) Comprehensive income
Nine months ended December 2020: 936 million yen (126.1%)
Nine months ended December 2019: 414 million yen (155.3%)
Net income
Diluted net income perper shareshareYen
Yen
Nine months ended Dec. 2020
30.12
Nine months ended Dec. 2019
12.34
12.13

84.5
29.3

1,438
530

171.5
29.6

934
375

149.0
39.9

Operating revenues
Million yen%

Million yen%

(2) Consolidated financial position
Total assets
As of Dec. 2020
As of Mar. 2020

Net assets

Million yen
65,267
58,794

Million yen
13,29013,473

Shareholders’ equity
ratio%
20.3
22.8

Net assets pershare

Yen
431.00426.26(Reference) Shareholders’ equity
As of December 2020: 13,272 million yen
As of March 2020: 13,388 million yen

2. Dividends
End of 1Q

Yen-Annual dividend
End of 3Q
Yen
Yen
9.00
8.50
-

End of 2Q

Year-end

Yen
11.00

Total

Yen
Year ended Mar. 2020
20.00
Year ending Mar. 2021
Year ending Mar. 2021 (forecast)
9.50
18.00
(Note) Revisions to dividend forecast for the current quarter: Yes
For the revision to the dividend forecast, please refer to the "Notice of Revision to Year-end Dividend Forecast for the Fiscal Year Ending
March 2021" released today (February 12, 2021).

3．Forecast of consolidated business results for the fiscal year ending March 2021
(April 1, 2020 through March 31, 2021)(% change from the previous corresponding period)

Operating revenues
Million yen

Operating income%

Million yen

Net income attributable toowners of parent

Ordinary income%

Million yen%

Million yen%

Year ending Mar. 2021
36,000
4.6
2,300
44.3
1,900
73.6
1,200
-15.4(Note) Revisions to business forecast for the current quarter: Yes
For the revision to the business forecasts, please refer to the "Notice of Revision to Business Forecasts for the Fiscal Year Ending March2021" released today (February 12, 2021).

-1 -*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): Yes
Excluded: 3 (Nagisa TMK, Yosumi LLC, Hamano LLC)
(2) Application of simplified accounting procedures and specific accounting procedures: None
(3) 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

(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of December 2020
34,029,544 shares
As of March 2020
34,029,544 shares②Treasury stock at the end of period
As of December 2020
3,234,943 shares
As of March 2020
2,621,056 shares③Average number of stock during period (quarterly cumulative period)
Nine months ended December 2020
31,021,705 shares
Nine months ended December 2019
30,418,741 shares(Note) The number of treasury stock which is deducted for calculating the number of treasury stock during period and the average
number of shares during the period includes the shares of the Company owned by the ESOP Trust Account and the BBT Trust
Account.

*Quarterly financial summary is not subject to the quarterly 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 companyand certain assumptions that the company deems to be reasonable at the time this report was prepared. Actual results
may differ significantly from the forecasts due to various factors.
This document is an English translation of a Japanese announcement made on the date above. Although the we
intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English
translation is not guaranteed and thus you are encouraged to refer to the original Japanese document.

-2 -