Summary of Business Results for the Fiscal Year Ended March 31, 2021
[Japan GAAP] (Consolidated)
May 14, 2021
CompanyEstore Corporation
Listed on the TSE
Stock Code4304
URL: https://Estore.co.jp/
Representative
Kenichi Ishimura, Representative Director
C o n t a c t
Osamu Ishikawa, General Manager of Administration Dept.
T E L: +81-3-3595-1106
Expected date of annual shareholders’ meeting: June 24, 2021
Expected starting date of dividend payment: June 25, 2021
Expected date of filing of annual securities report: June 25, 2021
Preparation of supplementary financial document: Yes
Results briefing: Yes（Rounded down to million yen）

１. Consolidated business results for the fiscal year ended March 2021

(April 1, 2020 through March 31, 2021)(1) Consolidated results of operations(% change from the previous corresponding period)

Net salesYear ended Mar. 2021
Year ended Mar. 2020

Million yen
10,504
4,852

Operating income%
116.5
-1.6

Million yen
906
478

Ordinary income%
89.7-7.3

Million yen
1,073
526%
104.0-9.6

Net income attributable toowners of parent

Million yen
482367%31.3-10.3(Note) Comprehensive income:Year ended September 2021: 490 million yen (34.1%)
Year ended September 2020: 366 million yen (-10.8%)

Net income
per share
Year ended Mar. 2021
Year ended Mar. 2020

Yen
100.34
77.04

Diluted net income
per share
Yen
84.05
64.03

Return on
equityRatio of ordinary
income to total assets

Ratio of operating
income to net sales%
13.4
8.9%
8.6
9.9%
23.6
23.3

(Reference) Investment earnings/loss on equity-method:Year ended March 2021: 27 million yen
Year ended March 2020: 41 million yen(2) Consolidated financial position
Total assets
As of Mar. 2021
As of Mar. 2020

Million yen
8,604
7,375

Net assets
Million yen
2,343
1,746

Shareholders’ equity
ratio%
27.2
23.7

Net assets
per shareYen
467.68365.88(Reference) Shareholders’ equity:
As of March 2021: 2,343 million yen
As of March 2020: 1,746 million yen(3) Results of cash flows

Year ended Mar. 2021
Year ended Mar. 2020

Cash flows fromoperating activities
Million yen
1,661
596

Cash flows frominvesting activities
Million yen-198-1,168－1 －Cash flows fromfinancing activities
Million yen14884

Cash and cash equivalents
at the end of period
Million yen
4,766
3,288

２. Dividends
Annual dividendYear ended Mar. 2020
Year ended Mar. 2021
Year ending Mar. 2022
(Forecast)End of1Q
Yen-

End of2Q
Yen
0.00
0.00
0.00

End of3Q
Yen-

Year-end

Total
dividend(Total)

Total

Yen
29.00
32.00
32.00

Yen
29.00
32.00
32.00

Rate of total
dividend tonet assets

Dividend
payout ratio

Million yen
138
160%
37.6
31.9
20.8%
8.8
7.8

3．Forecast of consolidated business results for the year ending March 2022
(April 1, 2021 through March 31, 2022)
The figures are based on the revenue recognition standard.
(% change from the previous corresponding period)
Net sales
Million yen
Year ending Mar. 2022

5,900

Operating income%

Million yen
-

1,020

Net income attributable toowners of parent

Ordinary income%

Million yen
-

1,070

%

Million yen-

740(Note) The company tracks business results on an annual basis and therefore will not disclose the forecast of business results for the second quarter.
Since the "Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No. 29), etc. will be applied from the beginning of
the fiscal year ending March 2022, the above consolidated earnings forecast is the amount after applying the accounting standard, etc. The rate ofincrease / decrease from the previous period is not shown.

* Notes(1) Applications of accounting procedures specific to preparation of the quarterly financial statements: None
(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(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of March 2021
5,398,967 shares
As of March 2020
5,161,298 shares② Treasury stock at the end of period:
As of March 2021
387,703 shares
As of March 2020
387,579 shares③ Average number of stock during period
Year ended March 2021
4,811,432 sharesYear ended March 2020
4,773,900 shares－2 －: None
: None: None: None%-(Reference) Summary of non-consolidated business results
1. Non-consolidated business results for the fiscal year ended March 2021
(April 1, 2020 through March 31, 2021)(1) Non-consolidated results of operations
Year ended Mar. 2021
Year ended Mar. 2020

Net sales
Million yen
5,564
4,830%
15.2-2.0

Net income
per share
Yen
94.98
61.10

Year ended Mar. 2021
Year ended Mar. 2020(% change from the previous corresponding period)
Operating income
Ordinary income
Net income
Million yen% Million yen%
Million yen%
731
73.4
903
109.7
456
56.7
421
-14.7
430
-17.8
291
-18.8
Diluted net income pershare
Yen
79.56
50.77

(2) Non-consolidated financial position
Total assets
As of Mar. 2021
As of Mar. 2020

Million yen
6,961
5,881

Net assets
Million yen
2,076
1,504

Shareholders’ equity
ratio

Net assets pershare%
29.8
25.6

Yen
414.27315.22(Reference) Shareholders’ equity:
As of March 2021: 2,076 million yen
As of March 2020: 1,504 million yen<Reasons for differences (increased sales and profits) from the actual values of the previous year>
In this fiscal year, the Company was able to significantly improve their business performance compared to the previousfiscal year. The Company is developing payment services and marketing services necessary for e-commerce, including
the provision of EC systems. In the current fiscal year, the Company was blessed with an increase in demand due to theprogress of DX conversion due to changes in the economic environment such as "stay-at-home trend" in the coronavirus
crisis. Under these circumstances, the Company was able to promote aggressive sales and achieve higher sales andprofits. For this reason, there is a difference between the actual value of the previous fiscal year and the actual value ofthe current fiscal year.
*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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