Consolidated Financial Results for the Six Months Ended September 30, 2020
[Japanese GAAP]
November 30, 2020
MARUHAN Corporation(Amounts of less than one million yen are rounded down.)
Consolidated Financial Results for the Six Months Ended September 30, 2020 (April 1, 2020 to September 30, 2020)(1) Consolidated Operating Results(% indicates changes from the previous interim period.)Interim profit
Net sales
Operating income
Ordinary income
attributable to owners
of profit
million yen%
million yen%million yen%million yen%
Six Months Ended490,627-36.8
3,835-85.1
4,095-84.3-484－
September 30, 2020
Six Months Ended
776,369-0.5
25,785
39.4
26,11414.4
17,54812.8
September 30, 2019
(Note) Comprehensive income: Six Months Ended September 30, 2020: -1,036 million yen (－%)
Six Months Ended September 30, 2019: 16,473 million yen (18.9%)

Yen

Diluted interim
net income pershare
Yen-32.78－1,186.85－

Interim net
income per share
Six Months Ended
September 30, 2020
Six Months Ended
September 30, 2019(2) Consolidated Financial Position
Total assets
million yen

Net assets

Equity ratio

million yen

Six months ending
613,667
299,064
September 30, 2020
Fiscal year ended
662,969
302,114
March 31, 2020
(Reference) Shareholders' equity: Six months ended September 30, 2020: 299,057 million yen
Fiscal year ended March 31, 2020: 302,109 million yen

%
48.7
48.5

Contents of Appendix
Interim Consolidated Financial Statements

2(1) Interim Consolidated Balance Sheets2(2) Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive Income

4(Interim Consolidated Statements of Income)4(Interim Consolidated Statements of Comprehensive Income)5- 1 -Interim Consolidated Financial Statements(1) Interim Consolidated Balance Sheets(Unit: million yen)Previous Fiscal Year(As of March 31, 2020)

Current Interim Period(As of September 30, 2020)

185,050
1,079
161,335
2,058
1,195
4,976
763
4,363
-2,096
358,725

158,982
1,373
174,679
1,985
2,552
6,062
1,054
4,039
-2,789347,940

89,01015,75258,514
13,1232,617
1,033
180,051

86,56014,43058,46813,1224,277
1,143
178,003

531
4,832
1,076
1,643
8,082

469
4,775
1,1891,852
8,286

8,035
20,457908
12,6802,714
29,5952,065-348
76,109264,243
622,969

9,790
20,288839
12,2952,667
31,4132,480-339
79,436
265,727
613,667

AssetsCurrent assets
Cash and deposits
Accounts receivable-trade
Loans and bills discounted in banking business
Merchandise
Raw materials and supplies
Prepaid expenses
Accounts receivable-other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures (net)
Tools, furniture and fixtures (net)Land
Golf courses
Construction in progress
Other (net)Total property, plant and equipment
Intangible assets
Goodwill
Leasehold right
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term prepaid expenses
Guarantee deposits
Construction assistance fund receivables
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 2 -(Unit: million yen)Previous Fiscal Year(As of March 31, 2020)

Current Interim Period(As of September 30, 2020)5,080
20,1685,435
219
26,092552
14,724
6,336
9,734
1,725
9,813
2,965
2,968
1,047
107,243
2,629
216,738

3,290
2,963
16,140215
24,301
565
8,578
5,980
1,395
3,023
10,036
2,849
357
1,066
120,430
2,234
203,427

4,382
70,189
5,239
58
4,847
6,707
7,998
4,693
104,116
320,854

4,309
77,491
5,304
68
4,149
6,782
8,273
4,794
111,175
314,603

10,0001,670
292,851-3,719300,802

10,0001,670
290,888-4,253298,304

-171

-137

-99
1,958
-380

-98
1,331
-343

1,307

752

4
302,114622,969

6
299,064
613,667

Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations-Operating
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Lease obligations
Accounts payable-otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Deposits received
Provision for bonuses
Notes payable-facilities
Asset retirement obligations
Deposits in banking business
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for directors' retirement benefits
Net defined benefit liability
Asset retirement obligations
Other
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-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensiveincome
Non-controlling interests
Total net assets
Total liabilities and net assets- 3 -(2) Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive Income(Interim Consolidated Statements of Income)(Unit: million yen)Previous Interim Period(From April 1, 2019
to September 30, 2019)

Current Interim Period(From April 1, 2020
to September 30, 2020)

Net sales

776,369

490,627

Cost of sales

736,591

474,549

Gross profit

39,77816,078Selling, general and administrative expenses

13,992

12,242

Operating income

25,785

3,835Interest and dividends income

226

179

Rent income

670

698

Income from IC card receipts
Share of profit of entities accounted for using
equity method
Other

148

90

440

496

Non-operating income

536

642

2,022

2,107

430

405

1,072

1,126

Rent expenses

93

140

Provision of allowance for doubtful accounts

1－Commission fee

63

159

Other

31

16

1,693

1,848

26,114

4,095

Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets06

Subsidy income－

1,441

Other－62

Total extraordinary income

01,51001

Extraordinary loss
Loss on sales of non-current assets
Loss on disaster

880

Loss on abandonment of non-current assets

270102

Impairment loss

792

0

Loss on cancellation of leases

05

Loss due to temporary store closures－6,582

1,152

6,694

Profit (loss) before income taxes

Total extraordinary loss

24,962-1,088

Income taxes-current

8,286

1,232

Income taxes-deferred-872-1,838

Total income taxes

7,413

-605

Profit (loss)

17,549-482

Profit attributable to non-controlling interests

02

Profit (loss) attributable to owners of parent

17,548-484- 4 -(Interim Consolidated Statements of Comprehensive Income)(Unit: million yen)Previous Interim Period(From April 1, 2019
to September 30, 2019)

Current Interim Period(From April 1, 2020
to September 30, 2020)

17,549-482

-6

8

1

1-973

-557

31

34-127-41-1,075-554

16,473-1,036

16,472-1,03902

Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Share of other comprehensive income ofassociates accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive net income attributable toowners of the parent
Comprehensive net income attributable tominority interests- 5 -