Summary of Business Results for the First Quarter Ended December 31, 2019
[Japan GAAP] (Consolidated)
February 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 filing of quarterly report: February 13, 2020
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: None（Rounded down to million yen）

１. Consolidated business results for the three months ended December 2019
(October 1, 2019 through December 31, 2019)(1) Consolidated results of operations(% change from the previous corresponding period)

Net sales

Operating income

Ordinary income

Net income attributable toowners of parent

Million yen%
Million yen%
Million yen% Million yen%
-5.2
56-54.5
Three months ended Dec. 201927-77.5
-8
3,143
125
Three months ended Dec. 2018
12260
3,314
(Note) Comprehensive income
Three months ended December 2019: -9 million yen (-%)
Three months ended December 2018: 60 million yen (-%)
Net income
Diluted net income perper shareshareYenYen-0.87－Three months ended Dec. 2019
5.98
5.82
Three months ended Dec. 2018
(Note) 1. 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 have been calculated by assuming that the stock split was conducted at the beginning of the previous fiscal year.
2. Since the Quarterly Consolidated Financial Statements were not prepared in the first quarter of the fiscal year ended September
2018, this report does not include the rate of year-on-year changes for the first quarter of the fiscal year ended September 2019.
3. Diluted net income per share for the first quarter of the fiscal year ending September 2020 is not presented because it is a net loss
although there are dilutive shares.

(2) Consolidated financial position
Total assets
As of Dec. 2019
As of Sept. 2019

Net assets

Million yen
6,681
6,854

Shareholders’ equity
ratio

Million yen
3,121
3,154%
46.6
45.9(Reference) Shareholders’ equity
As of December 2019: 3,111 million yenAs of September 2019: 3,143 million yen

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

Yen
5.00

Annual dividend
End of 3Q
Yen-

3.00

-

End of 2Q
Yen-

Year-end

Total
Yen
3.00

Yen-

3.00

6.00

(Note) Revisions to dividend forecast for the current quarter: None(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 2020
(October 1, 2019 through September 30, 2020)
Net salesYear ending Sept. 2019(% change from the previous corresponding period)

Operating income

Net income
attributable to ownersof parent

Ordinary income

Net income
per share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

14,010

6.4

524

12.7

492

8.6

256

3.5

24.84

(Note) Revisions to business forecast for the current quarter: None

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the quarterly financial statements: 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 201910,351,800 shares
As of September 201910,327,800 shares②Treasury stock at the end of period
As of December 2019- shares
As of September 2019- shares③Average number of stock during period (quarterly cumulative period)
Three months ended December 2019
10,341,321 shares
Three months ended December 2018
10,065,830 shares(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Number of shares outstanding at the end ofperiod (treasury stock included) has been calculated by assuming that the stock split was conducted at the beginning of theprevious fiscal year.

*Quarterly financial summary is not subject to auditing procedure 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.

－2 －