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

May 15, 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: May 15, 2020
Expected starting date of dividend payment: June 15, 2020
Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: Yes (for institutional investors and analysts)（Rounded down to million yen）

１. Consolidated business results for the six months ended March 2020
(October 1, 2019 through March 31, 2020)(1) Consolidated results of operations(% change from the previous corresponding period)
Net sales

Six months ended Mar. 2020
Six months ended Mar. 2019
(Note) Comprehensive income

Operating income

Million yen
6,617
6,827%-3.1
7.8

Million yen
324
353%
-8.4
26.9

Net income attributableowners of parent

Ordinary income
Million yen
290
353%
-17.7
42.3

Million yen
148
197%-24.826.3

Six months ended March 2020: 147 million yen (-25.1%)
Six months ended March 2019: 197 million yen (26.6%)
Net income
Diluted net income perper shareshareYenYen
14.33
13.92
Six months ended Mar. 2020
19.46
18.79
Six months ended Mar. 2019
(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 have been calculated by assuming that the stock split was conducted at the beginning of the previous fiscal year.

(2) Consolidated financial position
Total assets
As of Mar. 2020
As of Sept. 2019
(Reference) Shareholders’ equity:
As of March 2020: 3,269 million yen
As of September 2019: 3,143 million yen

Shareholders’ equityratio

Net assets

Million yen
6,872
6,854

Million yen
3,279
3,154%
47.6
45.9

2. Dividends
End of 1Q

Yen

End of 2Q

Yen

Annual dividend
End of 3Q
Yen-Year-end

YenTotalYear ended Sept. 2019
5.00
3.00
8.00
Year ending Sept. 2020
3.00
Year ending Sept. 2020 (forecast)
3.00
6.00
(Note) 1. Revisions to dividend forecast for the current quarter: None
2. 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.

3．Forecast of consolidated business results for the fiscal year ending September 2020
(October 1, 2019 through September 30, 2020)
Many delays or cancellations have occurred at the construction sites where the Group is involved due to the expansion of the newcoronavirus (COVID-19) infectious, and it is difficult to reasonably calculate the business forecasts at this time. Therefore, thebusiness forecasts for the fiscal year ending September 2020 has not been determined yet.

－ 1 －Yen*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 March 2020
10,353,800 shares
As of September 2019
10,327,800 shares②Treasury stock at the end of period
As of March 2020
- shares
As of September 2019- shares③Average number of stock during period (quarterly cumulative period)
Six months ended March 2020
10,347,166 shares
Six months ended March 201910,125,002 shares(Note) The Company conducted a 2-for-1 stock split of common stock on September 1, 2019. Number of shares outstanding at theend of period (treasury stock included) has been calculated by assuming that the stock split was conducted at the beginningof the previous fiscal year.

*Quarterly 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. The company
does not make promises about the achievements. Actual results may differ significantly from the forecasts due tovarious factors.

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