United, Inc
Consolidated Financial Report For the 1st Quarter of FY 2021
(Japanese Accounting Standards)
Tokyo, August 5, 2021
United, Inc
Stock exchange listing:Tokyo Stock Exchange
2497
URL https://united.jp/Tomoki Hayakawa, CEO
Yuji Yamashita, Executive Officer and General Manager of Corporate
Contact:(TEL) +81-3-6821-0000
Administration Division
Scheduled date for filing of quarterly securities report:
August 5, 2021
Scheduled date of commencement of dividend payment:―
Supplementary documents for financial results:
Yes
Financial results briefing:
Yes (For securities analysts and institutional investors)
Company name:
Stock code:
Representative:(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 incomeMil.¥

1st Quarter of
4,752
FY2021st
1 Quarter of
7,994
FY2020(Note) Comprehensive income

Net income attributableto owners of the parent

Ordinary income%

Mil.¥

%

Mil.¥

%

Mil.¥

%

―

3,003

―

3,008―

2,060

―

31.4

5,300

212.9

5,303

218.9

3,706

385.0

1st Quarter of FY2021

3,256 Mil.¥ ( △31.1%)
4,724 Mil.¥ (―%)

1st Quarter of FY2020
Net income
per share(basic)

Net income
per share(diluted)

fea¥¥

1st Quarter of94.75―
FY2021
1st Quarter of165.85―
FY2020（Note）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 are not presented because theCompany expects a significant impact on the figures and it is not appropriate to compare that for the FY2021
with that for the FY2020.
(2) Financial Position
Total assets
1st Quarter ofFY2021(As of June 30,2021)
FY2020(As of March 31,2021)(Note) Shareholder’s equity

Net assets

Equity ratio

Mil.¥

Mil.¥

%

49,81338,45576.7

47,35636,03475.6

1st Quarter of FY2021

38,197 Mil.¥FY2020 35,789 Mil.¥

2. Dividends
Dividends per shareFirstquarter
FY2020
FY2021
FY2021(Forecasted)

Secondquarter

Thirdquarter

Fourthquarter

Total¥¥¥¥

¥

――

15.00

―

19.00

34.00

――――

（Note）The forecasted dividend amounts for the FY2021 are not determined at the present moment.

3. Forecasts of consolidated results of operations for FY2021(Percentages are shown as year-on-year changes)
Net sales

FY2021

Operating income

Ordinary income

Net income
attributable toowners of theparent

Net income pershare

Mil.¥

%

Mil.¥

%

Mil.¥

%

Mil.¥

%

¥

13,000―5,700―

5,700―

3,900―

186.00（Note）Revisions of the forecasts of consolidated results since the latest announcement : No
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 are not presented because theCompany expects a significant impact on the figures and it is not appropriate to compare that for the FY2021
with that for the FY2020.

*Notes(1) Significant changes in scope of consolidation： No(2) Application of particular accounts procedures to the preparation of quarterly consolidated
financial statement： No(3) Changes in accounting policies and changes or restatement of accounting estimates① Changes in accounting policies caused by revision of accounting standards②③

Changes in accounting policies other than ①
Changes in accounting estimates： Yes： No： No

④Restatement： No(4) Number of shares issued (common stock)
Number of shares issued at end of period(including treasury stock)② Number of shares of treasury stockat end of period③ Number of average shares outstanding
during the term①*

1st Quarterof FY2021
1st Quarterof FY2021
1st Quarterof FY2021

22,471,845 23,671,845 shares
910,166

1,823,066 shares21,741,425 22,181,652 shares

FY202023,671,845 shares

FY20201,823,066 shares

1st Quarterof FY2020

22,348,800 sharesThis consolidated quarterly financial report is not subject to a quarterly review by certified public accountants or anauditing firm.

*Note to forecasts on the consolidated results of operations and other items
The video of the financial results briefing for the 1st quarter of FY2021 will be delivered to institutional investors andanalysts via the Company’s website. The materials used in this video will be posted on the website.

UNITED Consolidated Financial Statements(1) UNITED Consolidated Balance Sheets
for the 1st Quarter of FY2021
Items of an account

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Operational investment securities
Inventories
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term borrowingsAccounts payable - other
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liability
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
Total liabilities and net assets(Unit : Thousands of Yen)FY2020(As of March 31, 2021)

1st Quarter of FY2021(As of June 30, 2021)

AmountAmount13,774,158
1,129,094
30,953,854
35,019228,738(5,193)
46,115,671

13,454,075
1,103,114
32,804,976
40,882870,008(4,122)
48,268,934

327,246

318,426

229,447
229,447
683,735
1,240,429
47,356,100-

291,397
228,707
520,104
706,024
1,544,555
49,813,490

609,706
100,000
71,0401,415,648
918,455
3,114,850

657,147
100,000
74,140988,675
784,515
2,604,479

107,300
8,098,955
8,206,255
11,321,106

106,440
8,647,111
8,753,551
11,358,030

2,923,019
2,332,513
14,607,662(2,638,347)
17,224,847

2,923,019
604,719
16,217,476(1,308,694)
18,436,521

18,571,825(7,634)
18,564,190
245,955
36,034,994
47,356,100

19,768,695(7,664)
19,761,031
257,90738,455,459
49,813,490

(2) UNITED Consolidated Statements of Income
for the 1st Quarter of FY2021
Items of an account

1st Quarter of FY2020(April 1, 2020
to June 30, 2020)
AmountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses
Loss on valuation of crypto assets
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Income before income tax
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to owners of the parent(Unit : Thousands of Yen)
1st Quarter of FY2021(April 1, 2021
to June 30, 2021)
Amount7,994,923
1,866,778
6,128,144
827,2395,300,905

4,752,834
1,101,782
3,651,051
647,706
3,003,345

6,251
6,251

4
9,709
971
10,685

1,036
1,525
949
510
4,021
5,303,135

553
265
4,962
144
5,925
3,008,105

8,673
8,673

-

3,211
3,211
5,308,597
1,268,322
333,622
1,601,945
3,706,651
3,706,651

3,008,105
943,702
4,304
948,0072,060,098
2,060,098

(3) UNITED Consolidated Statements of Comprehensive Income
for the 1st Quarter of FY2021
Items of an account

1st Quarter of FY2020(April 1, 2020
to June 30, 2020)
Amount

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toOwners of the parent(Unit : Thousands of Yen)
1st Quarter of FY2021(April 1, 2021
to June 30, 2021)
Amount3,706,651

2,060,098

1,025,030(29,314)(18)
22,101
1,017,799
4,724,451

1,197,328
(29)
(458)
1,196,840
3,256,938

4,724,451

3,256,938