UNITED, Inc.
Consolidated Financial Report For the 1st Quarter of FY 2022
(Japanese Accounting Standards)
August 4, 2022
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UNITED, Inc.
Stock exchange listing: Tokyo Stock Exchange
2497
URL:
https://united.jp/
Tomonori Hayakawa, CEO
Yuji Yamashita, Director and General Manager of Corporate Administration Division+81-3-6821-0000

Scheduled date for filing of quarterly securities report:
Scheduled date of commencement of dividend payment:
Supplementary documents for quarterly results:
Quarterly results briefing:

August 4, 2022
―YesYes( For institutional investors and securities analysts)(Amounts of less than one million yen are rounded down)

1.Financial Highlights(1) Results of Operations(Percentages are shown as year-on-year changes)
Net sales

Operating profit

Profit attributableto owners of the parent

Ordinary profit

Mil.¥

%

Mil.¥

%

Mil.¥

%

Mil.¥

%

1st Quarter of FY 2022

4,776

0.5

3,125

4.1

3,125

3.9

2,399

16.5

1st Quarter of FY 2021

4,752―

3,003―

3,008―

2,060―(Note) Comprehensive income :1st Quarter of FY 2022

△2,095 Mil.¥ (―%)

1st Quarter of FY 2021

3,256 Mil.¥ (―%)

Profitper share (basic)

Profitper share (diluted)

YenYen

1st Quarter of FY 2022

119.24119.10

1st Quarter of FY 2021

94.75―(Notes) Due to the adoption of ASBJ Statement No. 29 “Accounting Standard for Revenue Recognition” in the FY2021,
this Forecasts of consolidated results of operations for FY2021 is presented based on the figures after theapplication of ASBJ Statement No. 29. Year-on-year percentage changes in net sales is not presented because
the Company expects a significant impact on the figure of net sales and it is not appropriate to compare that for
the FY2021 with that for the FY2020.
(2) Financial Position
Total assets

1st Quarter of FY 2022
(As of June 30, 2022)
FY 2021(As of March 31, 2022)(Reference) Shareholder's Equity :Net assets

Equity ratio

Mil.¥

Mil.¥

%

33,87027,51380.6

38,70130,28877.7

1st Quarter of FY 2022

27,295 Mil.¥FY 202130,064 Mil.¥End of 2nd End of 3ndQuarter
QuarterYear-end

2.Dividend Per Share
End of 1stQuarter

Annual

Yen

Yen

Yen

Yen

Yen

FY 2021―

17.00

―

20.00

37.00

FY 2022―――――FY 2022(Forecasted)(Note) The forecasted dividend amounts for the FY 2022 are not determined at the present moment.

3. Forecasts of consolidated results of operations for FY 2022
(Percentages show year-on-year changes)
Net sales

FY 2022

Operating profit

Profit attributable toowners of the parent

Ordinary profit

Profit per share

Mil.¥

％

Mil.¥

％

Mil.¥

％

Mil.¥

％

Mil.¥

12,800

0.7

5,800

1.1

5,800

0.7

4,200

9.8

208.00(Note) Revisions of the forecasts of consolidated results since the latest announcement : None*Notes(1) Significant changes in scope of consolidation：

No(2) Application of particular accounts procedures to the preparation of quarterly consolidated：

No(i) Changes in accounting policies caused by revision of accounting standards：Yes(ii) Changes in accounting policies other than (i)：No(iii) Changes in accounting estimates：No(iv) Restatement：

Nofinancial statement(3) Changes in accounting policies and changes or restatement of accounting estimates(4) Number of shares issued (common stock)①

Number of shares issued at end of the year

1st Quarter of FY 2022

20,756,345 shares

FY 2021

20,756,345 shares

1st Quarter of FY 2022

756,749 shares

FY 2021587,199 shares(including treasury shares)②

Number of treasury shares issued
at end of the year③

Number of average shares outstanding
during the term

1st Quarter of FY 2022

20,120,462 shares 1st Quarter of FY 2021

21,741,425 shares*Status of a quarterly review- Quarterly consolidated financial results are not subject to a quarterly review by certified public accountants or audit corporations*Explanations and other special notes concerning the appropriate use of business results forecasts- The video of the financial results briefing for the 1st Quarter of FY 2022 will be delivered to institutional investors and analysts
via our website. The materials used in this video will be available on our website.

UNITED Consolidated Financial Statements(1) UNITED Consolidated Balance Sheet

Items of an accountFY 2021(As of March 31, 2022)
Amount(Unit : Thousands of Yen)
1st Quarter of FY 2022
(As of June 30, 2022)
AmountAssetsCurrent assets
Cash and deposits

12,165,526

13,095,941

Notes and accounts receivable - trade

1,347,244

1,045,055

Operational investment securities

18,789,981

12,613,313

Inventories

69,727

41,624

Derivatives

1,471,624

2,129,603

Other340,835

1,042,904

Allowance for doubtful accounts△5,411△6,384

34,179,529

29,962,060

292,599283,706

Goodwill

327,664

308,390

Other

234,613

237,468

Total intangible assets

562,278545,859

3,088,403

2,272,049

578,244806,9663,666,648

3,079,016

4,521,526

3,908,582

38,701,056

33,870,642

Accounts payable - trade879,338

766,394

Short-term borrowings

100,000

100,000

Current portion of long-term borrowings

69,17864,1081,103,564

1,134,496

660,077

698,054

2,812,158

2,763,054

Long-term borrowings

75,766

61,924

Deferred tax liabilities

5,524,606

3,531,762

Total non-current liabilities

5,600,372

3,593,686

8,412,531

6,356,741

Share capital

2,923,019

2,923,019

Capital surplus

379,270

379,270

Retained earnings

14,979,955

16,975,791

Treasury shares△983,344△1,253,188

Total shareholders' equity

17,298,901

19,024,892

Valuation difference on available-for-sale securities

9,601,720

5,216,669

Deferred gains or losses on hedges

3,163,747

3,053,867

Total accumulated other comprehensive income

12,765,468

8,270,536

224,154

218,472

30,288,524

27,513,901

38,701,056

33,870,642

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets
Derivatives
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities

Income taxes payable
Other
Total current liabilities
Non-current liabilities

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

(2) UNITED Consolidated Statement of Income

Items of an account(Unit : Thousands of Yen)
1st Quarter of FY 2022
(April 1, 2022
to June 30, 2022)
Amount

1st Quarter of FY 2021
(April 1, 2021
to June 30, 2021)
AmountNet sales

4,752,834

4,776,198

Cost of sales

1,101,782

979,842

Gross profit

3,651,051

3,796,355

647,706

670,976

3,003,345

3,125,378

4

1

9,709

4,339

Gain on forfeiture of unclaimed dividends

278

2,307

Other

692

2,875

10,685

9,523

Interest expenses

553

511

Commission expenses

39

26

Foreign exchange losses

265

―

4,962

6,098

Expense of restricted shares

―

3,044

Other

104

106

5,925

9,787

3,008,105

3,125,114

Transfer of rights income―

350,000

Other

―

9,522

Total extraordinary income―

359,522

Loss on retirement of non-current assets

―

2,667

Total extraordinary losses

―

2,667

3,008,105

3,481,969

Income taxes - current

943,702

1,091,123

Income taxes - deferred

4,304△8,373

948,007

1,082,750

Profit2,060,098

2,399,218

Profit attributable to owners of parent

2,060,098

2,399,218

Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity method

Total non-operating income
Non-operating expenses

Loss on valuation of crypto assets

Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses

Profit before income taxes

Total income taxes

(3) UNITED Consolidated Statement of Comprehensive Income(Unit : Thousands of Yen)

Items of an accountProfit

1st Quarter of FY 2021

1st Quarter of FY 2022

(April 1, 2021

(April 1, 2022

to June 30, 2021)

to June 30, 2022)

AmountAmount2,060,098

2,399,218

1,197,328△4,385,051―△109,880

Foreign currency translation adjustment△29―

Share of other comprehensive income of entities accounted for using equity method△458―

1,196,840△4,494,931

Comprehensive income

3,256,938△2,095,713

Comprehensive income attributable to owners of parent3,256,938△2,095,713

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Total other comprehensive income