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Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2021
[Japanese GAAP] (Consolidated)
August 11, 2020
Stock Listing: TSE

Name of Listed Company:
UCHIYAMA HOLDINGS INC.
Code Number: 6059
URL: http://www.uchiyama-gr.jp
Representative: Fumiharu Uchiyama, President and Representative Director
Contact Point: Tetsuo Kawakami, Director of General Affairs Department
Phone: (093) 551-0002
Scheduled Date of Dividend Payment Start: Scheduled Date of Financial Statements Filing: August 12, 2020
Supplementary materials for Financial Results: No
Investor conference for Financial Results: No(Amounts are rounded down to the nearest one million yen)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2021 (April 1, 2020 – June 30, 2020)(% of change from previous year)(1) Consolidated Financial Results
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Millions of yen

FY 2021 1Q
FY 2020 1Q(Note) Comprehensive income%

Millions of yen

5,550(41.6)
(339)
9,505
45.3
754
FY 2021 1Q: -¥353 million (-%)
Net income
per share

FY 2021 1Q
FY 2020 1Q

Millions of yen

%

(269)
508.0
843
292.6
FY 2020 1Q: ¥601 million (397.0%)

Millions of yen

%

(381)
558

330.8

Diluted net income per
share
Yen

Yen

(19.74)
28.91-(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

FY 2021 1Q
FY 2020(Reference) Equity capital:%

Equity ratio

Millions of yen

30,804
29,622
FY 2021 1Q: ¥15,627 million%

15,62750.7
16,07854.3
FY 2020: ¥16,078 million

2. Dividends
End of the 1Q
Yen

End of the 2Q
Yen

Dividends per share
End of the 3Q
Yen

Year-end

AnnualYen

FY 2020
5.00
5.00
FY 2021
FY 2021 (forecast)(Note) Dividends for FY 2021 are still to be determined. We will announce them as soon as estimations become possible.

Yen

10.00

3. Forecasts of Consolidated Financial Results for the Fiscal Year Ending March 31, 2021 (April 1, 2020 - March 31, 2021)
It is difficult to reasonably calculate the impact on our business performance from the novel coronavirus at the present stage.
Therefore, we have set our business forecast for the fiscal year ending March 31, 2021 to “pending.” We will promptly
announce our business forecast when it becomes possible to do so in the future.

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更新日時:2020/08/07 16:04:20*Notes(1) Changes in significant subsidiaries (changes of specified subsidiaries resulting in changes in scope of consolidation) during
the current term: None
(2) Application of the accounting procedures for producing quarterly consolidated financial statements: None
(3) Changes in accounting policies, accounting estimates and restatements:
1) Changes in accounting policies due to revisions of accounting standards:
2) Changes in accounting policies due to reasons other than above 1):3) Changes in accounting estimates:
4) Restatements:(4) Number of outstanding shares (common stock)1) Number of outstanding shares (including treasury
stock) at end of term2) Number of treasury stock at end of term3) Average number of shares

None
None
None
None

FY 2021 1Q

21,618,800 shares

FY 2020

21,618,800 shares

FY 2021 1Q

2,287,777 shares

FY 2020

2,287,777 shares

FY 2021 1Q

19,331,023 shares

FY 2020 1Q

19,331,023 shares

Note: The shares in the Company possessed by Trust & Custody Services Bank, Ltd. (Trust E) as a trust asset of the “stock
benefit trust (J-ESOP)” (fiscal year ending March 31, 2021 1Q: 72,150 shares/fiscal year ended March 31, 2020: 72,150
shares) are included in the number of treasury stock at end of term. In addition, the shares in the Company possessed by
Trust & Custody Services Bank, Ltd. (Trust E) are included in the treasury stocks to be deducted in the calculation of theaverage number of shares during the fiscal year (fiscal year ending March 31, 2021 1Q: 72,150 shares/fiscal year ended
March 31, 2020 1Q: 72,150 shares).
*Summary of financial results is out of scope of quarterly review by certified public accountant or audit corporation.
*Statement regarding the proper use of financial forecasts and other remarks• Descriptions regarding the future, including the financial projections contained in this report, are based on certain
assumptions currently available to the Company, which are, at the discretion of the Company, deemed reasonable. Actual
financial results may significantly vary due to various factors. For assumptions used in forecasting financial results andprecautions in using the financial projections, please refer to “Analysis Concerning Future Forecasts Including
Consolidated Financial Projections” on page 3 of the Appendix.
• A meeting for explaining the businesses and results to individual investors will be held when necessary. For the schedule ofthe meeting, etc., please see the website of the Company.

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更新日時:2020/08/07 16:04:20○Table of contents of the appendix

1. Analysis Concerning Results of Operations and Financial Condition .......................................................................................... 2(1) Analysis Concerning Results of Operations ............................................................................................................................ 2(2) Analysis Concerning Financial Situation ................................................................................................................................ 3(3) Analysis Concerning Future Forecasts Including Consolidated Financial Projections ........................................................... 3
2. Consolidated Financial Statements ............................................................................................................................................... 4(1) Consolidated Balance Sheets .................................................................................................................................................. 4(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income .............................................. 6(3) Notes Regarding Consolidated Financial Statements .............................................................................................................. 8(Notes regarding premise of a going concern) .......................................................................................................................... 8(Notes on significant changes in the amount of shareholders’ equity) ...................................................................................... 8(Additional information) .......................................................................................................................................................... 8(Consolidated Statements of Income) ....................................................................................................................................... 8(Segment information, etc.) ...................................................................................................................................................... 91

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1. Analysis Concerning Results of Operations and Financial Condition(1) Analysis Concerning Results of Operations
The economic outlook for our country in the first quarter of the current consolidated fiscal year remains uncertain, withthe economy on a downward trend due to the rapid spread of COVID-19, in addition to the declined consumer confidence
following the consumption tax hike in October 2019.
In this business environment, our corporate group has positioned the prevention of the spread of COVID-19 as a priority
issue in each segment and discussed and promoted measures that take into account its impact on our management. For
expenses, we worked on cost reduction by negotiating about rents for facilities and stores.
As a result, sales of the first quarter of the current consolidated fiscal year were 5,550,170 thousand yen (down 41.6%
Year-on-Year (YoY)), operating loss was 339,992 thousand yen (operating income of 754,314 thousand yen at the same
period of the previous year), ordinary loss was 269,482 thousand yen (ordinary income of 843,219 thousand yen at the same
period of the previous year), and loss attributable to owners of parent was 381,621 thousand yen (profit attributable toowners of parent of 558,875 thousand yen at the same period of the previous year).
The results of each segment were as follows.
a. Nursing Care BusinessIn the Nursing Care Business, we opened “Sawayaka Ai no Ie Saijokan (Saijo City, Ehime Prefecture),” a day-services
such as afterschool assistance for children with disabilities, in April, as well as “Sawayaka Sakura no Mori (Akita City,
Akita Prefecture)” and “Sawayaka Kobe Nishikan (Kobe City, Hyogo Prefecture),” which are fee-charging retirement
homes with nursing care, in May.
As for the industry-academia-government collaboration that we have been promoting for some time, we have refrained
from vigorous activities considering the impact of COVID-19, but we are making efforts to take effective measures to theextent possible.
We are actively accepting new tenants upon a proper safety confirmation of the concerned person and his/her family incooperation with hospitals.
The average occupancy ratio of existing facilities was 94.9% for this first quarter (which was 94.3% in the same period ofa year earlier). We have 185 sales bases in 107 locations as of the end of the first quarter. As a result, sales were 4,921,817
thousand yen (up 5.8% YoY) and segment income was 297,943 thousand yen (down 12.4% YoY).
b. Karaoke BusinessIn the Karaoke Business, we implemented a temporary closure of stores until the lifting of the request for closure fromeach prefecture in response to the declaration of a state of emergency by the government on April 7, 2020 due to the spreadof COVID-19 to prevent further spread of the infection. As a result, sales were 502,449 thousand yen (down 70.5% YoY)
and segment loss was 296,400 thousand yen (segment income of 167,627 thousand yen at the same period of the previousyear).
The number of stores is 93 at the end of the first quarter of this consolidated fiscal year because we newly opened 2 stores
during the first quarter of this consolidated fiscal year.
c. Restaurant Business
For the Restaurant Business, we did not open new stores and closed one store. Accordingly, the number of stores as of theend of the first quarter of this consolidated fiscal year is 15 inside Japan, and 2 outside Japan. As with the Karaoke Business,
our restaurants are temporarily closed or we have shortened our business hours until the request for voluntary restraint fromeach prefecture is lifted. As a result, sales were 67,276 thousand yen (down 81.0% YoY) and segment loss was 57,313
thousand yen (segment income of 15,182 thousand yen at the same period of the previous year).
d. Real Estate Business2

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In the Real Estate Business, while we sold a large-scale piece of real estate for sale in the previous consolidated firstquarter, there were no real estate transactions during the first quarter of this consolidated fiscal year, and we continued tooperate a brokerage service for rental properties as always. As a result, sales were 40,219 thousand yen (down 98.5% YoY)
and segment income was 5,542 thousand yen (down 98.9% YoY).
e. Other businesses
As for the other businesses segment, the number of hotel guests, banquet guests, and day-trip guests for hot spring
dropped significantly in the hotel business as a result of domestic and international travel restrictions and requests to refrainfrom going out due to the spread of COVID-19. As a result, sales were 18,407 thousand yen (down 66.6% YoY) andsegment loss was 32,107 thousand yen (segment loss was 16,539 thousand yen during the same term last year).

(2) Analysis Concerning Financial Situation
Total assets as of the end of the first quarter of this consolidated fiscal year came to 30,804,374 thousand yen, up 1,182,083
thousand yen from the end of the previous consolidated fiscal year.
Current assets came to 15,880,264 thousand yen, up 805,037 thousand yen from the end of the previous consolidated fiscal
year. This is mainly because cash and deposit increased.
Noncurrent assets came to 14,924,109 thousand yen, up 377,046 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because buildings and structures and investments and other assets (other) increased and property,
plant and equipment (other) decreased.
Liabilities as of the end of the first quarter of this consolidated fiscal year came to 15,177,121 thousand yen, up 1,633,036
thousand yen from the end of the previous consolidated fiscal year.
Current liabilities came to 5,723,291 thousand yen, down 574,942 thousand yen from the end of the previous consolidated
fiscal year. This is mainly because short-term loans payable decreased and current portion of long-term loans payable
increased.
Noncurrent liabilities came to 9,453,830 thousand yen, up 2,207,978 thousand yen from the end of the previous
consolidated fiscal year. This is mainly because long-term loans payable increased and noncurrent liabilities (other) decreased.
Net assets as of the end of the first quarter of this consolidated fiscal year came to 15,627,252 thousand yen, down 450,952
thousand yen from the end of the previous consolidated fiscal year. This is mainly because of a decrease in retained earnings
arising from dividends paid and loss attributable to owners of parent.

(3) Analysis Concerning Future Forecasts Including Consolidated Financial Projections
We have set our consolidated business performance forecast for FY 2021 to “pending.” This is because it is difficult to
calculate the impact from the novel coronavirus at the present stage.
We will announce the forecast when it becomes possible to disclose it.

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2. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
FY ended March 31, 2020
(As of March 31, 2020)

1Q of FY ending March 31, 2021
(As of June 30, 2020)

AssetsCurrent assets
Cash and deposits

10,678,737

11,457,040

Notes and accounts receivable-trade
Merchandise

2,205,597
48,6572,263,566
43,666

Real estate for sale
Supplies

1,040,569
317

1,040,569
305

Other
Allowance for doubtful accounts

1,111,685(10,337)

1,075,143(26)

Total current assets

15,075,227

15,880,264

Buildings and structures, net
Land4,638,414
2,505,871

5,487,696
2,654,496

Other, net

1,340,803

460,150

Total property, plant and equipment

8,485,089

8,602,343

56,25854,623

Other
Allowance for doubtful accounts

6,027,151(21,435)

6,295,783(28,640)

Total investments and other assets

6,005,715

6,267,142

14,547,062

14,924,109

29,622,290

30,804,374

Noncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets

Total noncurrent assets
Total assets4ファイル名:第 15 期 四半期決算短信_20200807160420_En_0819.xml

更新日時:2020/08/07 16:04:20(Thousands of yen)
FY ended March 31, 2020
(As of March 31, 2020)

1Q of FY ending March 31, 2021
(As of June 30, 2020)

Liabilities
Current liabilities
Notes and accounts payable-trade587,223532,676

Short-term loans payable
Current portion of bonds

1,079,600
60,000266,000
60,000Current portion of long-term loans payable
Income taxes payable

2,274,206
199,758

2,489,519
146,364

Provision for bonuses
Provision for point card certificates

300,658
106,564

457,086
109,984

Provision for shareholder benefit program
Asset retirement obligation

15,810
-

6,000

Other

1,674,413

1,655,661

Total current liabilities

6,298,234

5,723,291

Bonds payable
Long-term loans payable

180,000
5,927,609

180,000
8,190,493

Asset retirement obligation
Provision for stock benefit

222,0312,503

225,248
2,503

Other

913,707855,585

Noncurrent liabilities

Total noncurrent liabilities

7,245,851

9,453,830

13,544,085

15,177,121

Capital stock
Capital surplus

2,222,935
2,664,695

2,222,935
2,664,695

Retained earnings
Treasury stock

12,409,369(1,164,420)

11,930,731(1,164,420)

Total shareholders’ equity

Total liabilities
Net assets
Shareholders’ equity

16,132,579

15,653,941

Accumulated other comprehensive income
Valuationdifferenceonavailable-for-salesecurities
Foreign currency translation adjustment(53,206)(27,794)(1,168)

1,105

Total accumulated other comprehensive income(54,374)(26,689)

Total net assets

16,078,205

15,627,252

Liabilities and net assets

29,622,290

30,804,374

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更新日時:2020/08/07 16:04:20(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
The first quarter of this consolidated fiscal year
(Thousands of yen)
1Q of FY ended March 31, 2020
(April 1, 2019 - June 30, 2019)

1Q of FY ending March 31, 2021
(April 1, 2020 - June 30, 2020)

Net sales

9,505,034

5,550,170

Cost of sales

8,320,026

5,461,404

Gross profit

1,185,007

88,765

Selling, general and administrative expenses

430,693428,758

Operating income (loss)

754,314(339,992)

Interest income
Dividends income

1,688
15,683

2,191
7,628

Commission fee
Insurance income

27,764
3,491

19,34921,426

Other

64,45338,944

Total non-operating income

113,081

89,540Interest expenses
Foreign exchange losses

15,162
4,984

14,277
-

Other

4,029

4,752

Non-operating income

Non-operating expenses

Total non-operating expenses

24,176

19,030843,219(269,482)

Extraordinary income
Gain on sales of noncurrent assets-

12,427

Total extraordinary income-

12,427-

4,368

Loss resulting from temporary closure, etc.

-

289,166

Total extraordinary loss-

293,535

Income (loss) before income taxes

843,219(550,590)

Income taxes-current
Income taxes-deferred

231,26253,080115,742(284,711)

Total income taxes

284,343(168,968)

Net income (loss)

558,875(381,621)

Net profit (loss) attributable to owners of parent

558,875(381,621)

Ordinary income (loss)

Extraordinary loss
Impairment loss

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Consolidated Statements of Comprehensive Income
The first quarter of this consolidated fiscal year
(Thousands of yen)
1Q of FY ended March 31, 2020
(April 1, 2019 - June 30, 2019)

1Q of FY ending March 31, 2021
(April 1, 2020 - June 30, 2020)

Net income (loss)

558,875(381,621)

Other comprehensive income
Valuation difference on available-for-sale securities

42,811

25,411

(641)

2,273

Foreign currency translation adjustment

42,16927,685Comprehensive income

Total other comprehensive income

601,045(353,936)

Comprehensive income attributable toComprehensive income attributable to owners of theparentComprehensive income attributable to non-controllinginterests

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更新日時:2020/08/07 16:04:20(3) Notes Regarding Consolidated Financial Statements(Notes regarding premise of a going concern)
Nothing is applicable.
(Notes on significant changes in the amount of shareholders’ equity)
Nothing is applicable.
(Additional information)
No important changes have been made to the assumptions about the future spread of COVID-19 and the timing of its
containment and other matters described in “Additional Information” and “Accounting Estimates” in the securities report forthe previous consolidated fiscal year.

(Consolidated Statements of Income)*Loss resulting from temporary closure, etc.
During the first quarter of the current consolidated fiscal year, our shops are temporarily closed or we have shortened ourbusiness hours following the requests from the government and each prefecture to prevent the spread of COVID-19. The fixed
costs incurred during the temporal closure (personnel costs, rents, depreciation, etc.) of 289,166 thousand yen were posted asloss resulting from temporary closure, etc. in extraordinary loss.

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更新日時:2020/08/07 16:04:20(Segment information, etc.)[Segment information]
I. Cumulative period through the consolidated first quarter of the previous fiscal year (April 1 - June 30, 2019)
1. Information on sales, profits or losses, assets, liabilities, and other items for each segment(Thousands of yen)
Reporting segments

Otherbusinesses

Nursing

Karaoke

Restaurant

Business

4,651,226

Total

Adjustment
amount*2

Consolidated
statements ofBusiness

Real EstateBusiness

Total

1,702,389

353,175

2,743,053

9,449,845

55,1889,505,034-

9,505,034

-

3,148

8,938

300

12,387

3

12,390(12,390)-

Total

4,651,226

1,705,538

362,1142,743,353

9,462,232

55,192

9,517,424(12,390)

9,505,034

Segment income (loss)

340,087

167,627

15,182519,591

1,042,487(16,539)

1,025,948(271,633)

754,314

Care
Business(Note)*1

income amount*3

Sales
Sales to externalcustomers
Internal sales ortransferred amountamong the segments(Note) 1. The classification “other businesses” refers to business segments that are not included in reporting segments, andincludes hotel business.
2. The segment income (loss) adjustments amount, -271,633 thousand yen, includes 141,632 thousand yen inelimination of intersegment transactions and -413,266 thousand yen in company-wide expenses that are not allocatedto reporting segments. The company-wide expenses are mainly selling, general and administrative expenses that are
not allocated to reporting segments.
3. Segment income (loss) is adjusted with operating income calculated in the consolidated statements of income.
2. Information on impairment of noncurrent assets, goodwill, etc. for each reporting segment
Nothing is applicable.

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II. Cumulative period through the consolidated first quarter of current fiscal year (April 1 - June 30, 2020)
1. Information on sales, profits or losses, assets, liabilities, and other items for each segment(Thousands of yen)
Reporting segments

Otherbusinesses

Nursing
Care
Business

Karaoke

Restaurant

Business

Business

Real EstateBusiness

Total

Total

(Note)*1

Adjustment
amount*2

Consolidated
statements ofincome amount*3

Sales
Sales to external

4,921,817

502,449

67,276

40,2195,531,763

18,4075,550,170-

5,550,170-

44

10,663300

11,008-11,008(11,008)-

Total

4,921,817

502,494

77,93940,5195,542,771

18,407

5,561,178(11,008)5,550,170

Segment income (loss)

297,943(296,400)(57,313)5,542(50,228)(32,107)(82,336)(257,656)(339,992)

customers
Internal sales ortransferred amountamong the segments(Note) 1. The classification “other businesses” refers to business segments that are not included in reporting segments, andincludes hotel business.
2. The segment income (loss) adjustments amount, -257,656 thousand yen, includes 124,471 thousand yen inelimination of intersegment transactions and -382,128 thousand yen in company-wide expenses that are not allocatedto reporting segments. The company-wide expenses are mainly selling, general and administrative expenses that are
not allocated to reporting segments.
3. Segment income (loss) is adjusted with operating loss calculated in the consolidated statements of income.
2. Information on impairment of noncurrent assets, goodwill, etc. for each reporting segment(Significant impairment of noncurrent assets)
In the current consolidated cumulative first quarter, the Company recorded impairment loss of 4,368 thousand yen in the“Restaurant Business” segment.

10