Consolidated business results
Financial Results for the year ended March 31,2020

May 11, 2020

ROUND ONE corporation

TSE First section

Code No.4680
URL http://www.round1.co.jp/C.E.O. and President
Masahiko Sugino
Senior Executive Director Head of Administration Unit
Shinji Sasae
Expected date of Regular General Shareholder's Meeting : June 26, 2020.
Expected date of presentation of securities report : June 29, 2020.
Expected date of dividend payment : June 29, 2020.

Tel : +81-6-6647-6600( Figures are rounded down to the nearest million yen.)

1. Business Results for the year ended in March 2020. ( April 1, 2019 to March 31, 2020 )(1) Operating Results( % is percentage change comparing to previous term.)

Sales

Operating income\mn
FY2019 (2020/3)
FY2018 (2019/3)(Note)

104,779
101,318

Comprehensive income

\mn％

3.4
5.6

(22.4)
8.6

Investment gains and losses by the equity method％(33.0)(14.9)Net income per share,
fully diluted

Return onequity

Ordinary income to Operating income tosales ratio
total assets ratio
％％－－

7.5
12.0

FY2018 : \7,716mn △0.0%\(Note)4,794
7,159(22.3)
9.3％

50.33
75.15

FY2019 (2020/3)
FY2018 (2019/3)

\mn％

8,721
11,220FY2019 : \4,375mn △43.3%

Earnings per share\mn％

8,880
11,443

Profit attributable toowners of parent

Ordinary income

6.9
10.0

8.5
11.3

FY 2019 : \(5)mn , FY 2018 : None

(2) Financial Status
Total assets

Net assets\mn(Note)％\65,141
62,604

\mn

47.8
53.3

681.91655.99Cash flow frominvesting activities

Cash flow fromfinancing activities

135,839
117,346

FY2019 (2020/3)
FY2018 (2019/3)
Shareholder's equity

Net assets per share

Equity ratio

FY2019 : \64,958mn , FY2018 : \62,490mn(3) Cash Flow
Cash flow fromoperating activities\mn\mn20,58520,871FY2019 (2020/3)
FY2018 (2019/3)

Cash and cash equivalents
at end of period\mn\mn3,626(11,159)(12,108)(10,783)

34,51522,524

2.Dividend Payment
Annual dividend per share
1Q
FY2018 (2019/3)
FY2019 (2020/3)
FY2020(2021/3)(estimate)

2Q

3Q

TermAnnual\\\\\－－
－

10.00
10.00
10.00

－－－

10.00
10.00
10.00

20.00
20.00
20.00

Total amount ofdividend

Dividend payout
ratio

Ratio of dividends paid
to shareholder's equity(annual)(Consolidated)(Consolidated)

\mn

1,905
1,905％

％

26.6
39.7
－

3.2
3.0

3.Forecasts for the FY2020. ( April 1, 2020 to March 31, 2021 )ROUND ONE Corporation has decided to close all of our stores and amusument facilities for the time being from April to avoid ourcustomers and our employee get infected by the novel coronavirus disease (COVID-19). Forecasts of consolidated business results forthe fiscal year ending March 31, 2021 is to be determined, as it is difficult to reasonably calculate the impact of the spread of thenovel coronavirus disease (COVID-19) on business activities and business results. The information will be disclosed once it is possible
to make rational calculations in future.

-1-

4.Others(1) The change of the important subsidiary during the term. (Change in consolidation scope in subsidiary.)None(2) Change in accounting method, accounting principle, how to disclose, and others to make the consolidated financial statements.
① Change in accounting standard : None② Without above ① : None
③ Change in accounting estimate : None
④ Retrospective restatement : None
(3) Number of shares outstanding during the term (Common stock)95,452,914 FY2018
95,452,914① Number of shares issued at the term end. ( Include treasury stock)
FY2019193,415 FY2018
191,240② Number of treasury stock at the term end.
FY201995,260,640 FY2018
95,262,491③ Number of average stock.
FY2019(Reference)Non-consolidate business results

1. Business Results for the year ended in March 2020. ( April 1, 2019 to March 31, 2020 )(1) Operating Results( % is percentage change comparing to previous term.)

Sales

Operating Income\mn
FY2019 (2020/3)
FY2018 (2019/3)

84,233
84,976\mn％(0.9)
0.8

Earnings per Share

8,770
9,761％(10.1)
4.0

Ordinary Income

\mn
8,839
9,769％(9.5)
4.7

Net Income

\mn
5,349
6,429％(16.8)(14.4)Net Income per share,fully diluted\FY2019 (2020/3)
FY2018 (2019/3)

56.15
67.49－－(2) Financial Status
Total Assets

Net Assets\mn
FY2019 (2020/3)
FY2018 (2019/3)(Note)

Shareholder's equity

122,131
104,491Shareholder's Equity Ratio\mn64,11960,609

Shareholder's EquityPer Share％

\52.4
57.9

671.18635.04FY2019(2020/3) : \63,936mn , FY2018(2019/3) : \60,495mn※ This report is not included in the scope of audit.
※ Explanation about the appropriate usage of business prospects and other special notes.
・ The above-mentioned business forecasts were based on the information available as of the date of the release of this report,
no warranty is given as to the realization of the forecasts.
・ Future events may cause the actual results to be significantly different from the forecasts.

-2-Consolidated Balance sheet - 1(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2019)(as of March 31, 2020)

AmountAmountItem( Assets )Current assets
Cash and deposits
Accounts receivable
Merchandises
Supplies
Other
Current assets total

22,524
1,182
429
2,105
2,429
28,671

34,515
971
414
2,194
4,134
42,23078,669(38,121)40,547
7,108(3,579)3,528
6,139(4,885)1,254
5,736
30,990(12,968)
18,021
14,174(9,356)
4,817
73,905690

82,289(40,780)
41,508
7,856(4,318)
3,537
11,181(6,154)
5,026
5,736
29,711(11,874)
17,837
17,295(10,585)
6,709
80,355
737

4,571
9,323
182
14,07888,674
117,346

3,368
8,802
343
12,51593,608135,839

Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures(Net)
Bowling equipment
Accumulated depreciation
Bowling equipment(Net)
Amusement machines
Accumulated depreciation
Amusement machines(Net)Land
Leased assets
Accumulated depreciation
Leased assets(Net)
Other
Accumulated depreciation
Other(Net)
Property, plant and equipment total
Intangible assets
Investments and other assets
Deferred tax assets
Guarantee deposits
Other
Investments and other assets total
Non-current assets total
Total assets
Note ： Figures are rounded down to the nearest million yen.

-3-

Consolidated Balance sheet - 2(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2019)(as of March 31, 2020)

AmountAmountItem( Liabilities )Current liabilities
Accounts payable
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Lease obligations
Income taxes payable etc.
Other
Current liabilities total

350
1,441
825
2,899
9,497
1,208
8,865
25,088

204
1,561
1,167
6,398
8,533
997
9,114
27,977

1,675
6,675
9,568
184
6,099
461
4,989
29,65354,741

2,507
15,776
9,697
－
6,105
456
8,176
42,72070,69725,021
22,63814,767(337)
62,08925,021
22,63817,657(340)
64,976

(138)
539
400
114
－
62,604
117,346

(138)
119
(18)
183
0
65,141
135,839

Non-current liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Asset retirement obligations
Long-term guarantee deposited
Other
Non-current liabilities total
Liabilities total(Net assets)
Shareholder's equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Shareholder's equity total
Accumulated other comprehensive income
Revaluation reserve for land
Foreign currency translation adjustment
Accumulated other comprehensive income total
Share acquisition rights
Non-controlling interests
Net assets total
Total liabilities and net assets
Note ： Figures are rounded down to the nearest million yen.

-4-Consolidated Income Statement(million of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income

Previous Term

Current Term

From April 1, 2018

From April 1, 2019

to March 31, 2019

to March 31, 2020

AmountAmount101,318
86,858
14,4603,016
11,443

104,779
92,401
12,377
3,497
8,880

16
35
47
8
71
138
318

12
43
56
91
82
110
395

471
－70
541
11,220

483
565
553
8,721

75
453
602
1,131
10,0891,523
1,4052,929
7,159－
7,159－
467
1,086
1,553
7,168
1,350
1,022
2,373
4,794
(0)
4,794

7,159

4,794

556
556(419)
(419)

7,716

4,375

7,716－

4,375(0)

Non-operating income
Interest and dividend income
Reward for sales cooperation
Operations consignment fee
Insurance claim income
Subsidy income
Other
Non-operating income total
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Other
Non-operating expenses total
Ordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Extraordinary losses total
Pretax net income for the current term
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent
Note : Figures are rounded down to the nearest million yen.

ProfitOther comprehensive income
Foreign currency translation adjustments
Total other comprehensive income
Comprehensive income(Detail)Comprehensive income attributable to owner of the parent
Comprehensive income attributable to non controling interest-5-Consolidated Statement of changes in Shareholders Equity
Previous Term (From April 1,2018 to March 31,2019)(million of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

25,021Retained earnings

22,638

9,513

Total shareholders'equity

Treasury shares(334)

56,838Changes of items during period
Dividends of surplus
Profit attributable to ownersof parent(1,905)(1,905)

7,159

7,159

Purchase of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
periodBalance at beginning of current
period

(3)

(3)

－－

5,254

(3)

5,250

25,021

22,63814,767(337)

62,089

Accumulated other Comprehensive income
Foreign currency
Total accumulated
Revaluation reservetranslation
other comprehensive
for landadjustment
income
(138)

(17)

(156)

Share acquisitionrightsTotal net assets

37

56,720Changes of items during period
Dividends of surplus(1,905)

Profit attributable to ownersof parent

7,159

Purchase of treasury shares(3)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

556

556

76

633－556

556

76

5,884

(138)

539

400

114

62,604-6-

Consolidated Statement of changes in Shareholders Equity
Current Term (From April 1,2019 to March 31,2020)(million of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

25,021Retained earnings

22,63814,767

Total shareholders'equity

Treasury shares(337)

62,089Changes of items during period
Dividends of surplus
Profit attributable to ownersof parent(1,905)(1,905)

4,794

4,794

Purchase of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

(2)

－－

2,889

(2)

2,886

25,021

22,63817,657(340)

64,976

Accumulated other Comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
income

Revaluation reserve
for land
Balance at beginning of current
period

(2)

(138)

539

400

Share acquisitionrightsNon-controllinginterests

114

Total net assets－62,604

Changes of items during period
Dividends of surplus(1,905)

Profit attributable to ownersof parent

4,794

Purchase of treasury shares(2)

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

(419)

(419)

68

0(350)－(419)

(419)

68

0

2,536

(138)

119

(18)

183

065,141-7-

Consolidated Statement of Cash Flow
Previous Term(million of yen)
Current Term

From April 1, 2018
to March 31, 2019

From April 1, 2019
to March 31, 2020

AmountAmountCash flow from operating activities
Net income before taxesDepreciation expenses
Impairment loss
Increase(decrease) in officer's retirement allowanceInterest and dividend received
Interest paid
Fixed assets sales loss(gain)
Fixed assets disposal losses
Decrease(increase) in account receivables
Decrease(increase) in inventory
Increase(decrease) in account payable
Increase (decrease) in accrued consumption taxes
OtherSubtotal
Interest and dividends received
Interest paid
Corporate taxes refund
Corporate taxes paid
Total cash flow from operating activities
Cash flow from investing activities
Payment for acquisition of fixed asset investmentProceeds from sales of fixed asset
Payments for asset retirement obligation
Payment for guarantee deposits
Payments for investments in capital of subsidiaries and associates
Proceeds from collection of guarantee deposits
OtherTotal cash flow from investing activities
Cash flow from financing activities
Increase(decrease) in short-term loan
Payment for lease obligation
Proceeds from long-term loans
Payment for long-term loans
Proceeds from issuance of bonds
Redemption of bonds
Repayments deposits received
Proceeds deposits received
Proceeds from share issuance to non-controlling shareholders
Payment for acquisition treasury stock
Dividend payments
Total cash flow from financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Note : Figures are rounded down to the nearest million yen.

-8-

10,08912,481
602
(282)
(16)
471
75
453
(244)
(640)
(638)
(893)
1,760
23,2175(463)－(1,888)20,871

7,168
14,241
1,086
－
(8)
483
－
467
205
(98)
(145)
561
(548)
23,4120(483)
2(2,347)
20,585(10,892)
5(115)
(113)
－
514
(181)
(10,783)(12,184)
－
(135)
(194)
(203)
712
(103)
13,581

521(10,298)
3,300(5,584)
2,500
(935)
(74)
1,320
－
(3)
(1,905)(11,159)
156(915)
23,43922,524119(9,958)15,800(3,199)
2,000
(825)
(30)
1,628
0
(2)
(1,905)
3,626(112)
11,99022,52434,515