Summary of Business Results for the Year Ended March 31, 2020
[Japan GAAP] (Consolidated)
May 15, 2020
Company
Akatsuki Corp.
Listed on the TSE
Stock Code8737
URL: http://www.akatsuki-fg.com/
Representative
Hideaki Shimane, President and Representative Director
C o n t a c t
Michihiro Kitano, Executive Officer, Head of President office
T E L: +81-3-6821-0606
Expected date of annual shareholders’ meeting: June 26, 2020
Expected starting date of dividend payment: June 29, 2020
Expected date of filing of annual securities report: June 26, 2020
Preparation of supplementary financial document: None
Results briefing: None

（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended March 2020
(April 1, 2019 through March 31, 2020)(1) Consolidated results of operations(% change from the previous corresponding period)

Operatingrevenues
Year ended Mar. 2020
Year ended Mar. 2019

Net operating
revenues

Operating income

Million yen%

Million yen%

Million yen

34,42335,737-3.7
57.8

10,432
10,016

4.2
13.4

1,594
1,806

Net income attributable toowners of parent

Ordinary income%Million yen%

Million yen%

-11.7
11.7

1,094
1,355-19.2
-24.1

1,417
1,031

37.5
-39.9

(Note) Comprehensive income:Year ended March 2020: 1,452 million yen (56.4 %)Year ended March 2019: 928 million yen (-31.1 %)Net income
per share

Diluted net income
per share
Yen

Year ended Mar. 2020
Year ended Mar. 2019

Return onequity

Yen

46.40
39.84

45.72
38.06%
11.0
8.9

Ratio of ordinary
income to total
assets
%1.9
2.5

Ratio of operating
income to net sales%
4.6
5.1(Reference) Investment earnings/loss on equity-method:Year ended March 2020: -4 million yen
Year ended March 2019: - million yen(2) Consolidated financial position
Total assets

Net assets

Million yen
58,79454,544As of Mar. 2020
As of Mar. 2019

Shareholders’ equity
ratio

Million yen
13,473
12,400Net assets per
share%

Yen

22.8
22.6

426.26409.32

Cash flows fromfinancing activities
Million yen-1,027
2,282

Cash and cash equivalents
at the end of period
Million yen
15,515
10,929(Reference) Shareholders’ equity:
As of March 2020: 13,388 million yen
As of March 2019: 12,320 million yen(3) Consolidated results of cash flows

Year ended Mar. 2020
Year ended Mar. 2019

Cash flows fromoperating activities
Million yen
4,077
2,782

Cash flows frominvesting activities
Million yen
1,534-732

2. Dividends
Annual dividend
End of1Q

End of2Q

End of3Q

Year-end

Total

Total
dividend(Total)

Dividend
payout ratio(Consolidated)

Rate of total
dividend tonet assets(Consolidated)
%
4.0
4.8

Yen
Yen
Yen
Yen
Yen
Million yen%
Year ended Mar. 2019
10.00
8.00
18.00
558
45.2
Year ended Mar. 2020
9.00
11.00
20.00
668
43.1Year ending Mar. 2021
8.50
8.50
17.00
81.6(forecast)* “Rate of total dividend to net assets (Consolidated)” is the ratio of annual dividends per share to the average amount of net assets per share at the beginningand end of the fiscal year. The Company strives to maintain a minimum level of 4.0% unless their financial soundness is impaired.

－1 －3．Forecast of consolidated business results for the fiscal year ending March 2021
(April 1, 2020 through March 31, 2021)
Operating revenues
Year ending Mar. 2021

Operating income

Ordinary income

Million yen%

Million yen%

Million yen%

36,0004.6

1,500-5.9

1,000-8.6

Net income attributable toowners of parent
Million yen%

650-54.1*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): Yes
Excluded: 1 (Kasai LLC)
(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 March 2020
34,029,544 shares
As of March 201932,274,144 shares② Treasury stock at the end of period:
As of March 2020
2,621,056 shares
As of March 20192,174,141 shares③ Average number of stock during period
Year ended March 2020
30,557,839 sharesYear ended March 201925,878,492 shares
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 number of shares of the Company owned by the ESOP Trust Account and the BBT Trust Account.

*Financial summary is not subject to auditing 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. 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 weintended 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 －