Consolidated Financial Results for the Fiscal Year Ended December 31, 2020
[Japanese GAAP]

February 15, 2021
CompanyVision Inc.
Stock Listing
TSE
Stock Code9416
URL https://www.vision-net.co.jp/
Representative
Kenichi Sano, President, Founder & CEO
Contact
Shinichi Nakamoto, Director, Managing Executive Officer CFO
TEL +81-3-5325-0344
Scheduled date of general shareholders’ meeting :March 26, 2021
－Scheduled starting date of dividend payment:
Scheduled date of submission of financial reports :March 29, 2021
Supplementary financial documents:
Yes
Financial results briefing:Yes (for institutional investors and analysts)(Round down to million yen)

1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2020
(January 1, 2020 through December 31, 2020)(1) Consolidated Operating Results(% change from the previous corresponding period)
Net income attributable
Operating profit
Recurring profit
owners of parent

SalesMillion yen％

Million yen

％

－96.9
－93.2
103
227
27.0
3,325
33.8
3,358
34.4
FY2020: －1,152 million yen( －%)FY2019:2,215 million yen( 48.1%)－1,183－

2,226

45.6％

FY202016,654FY201927,318(Note) Comprehensive profit ;Million yen

Net incomeper share

Diluted net
Recurring
Return on equity
income per shareprofit/Total assets

Yen

Yen％

－25.07
FY2020－FY201946.05
44.49(Reference) Equity in net income (losses) of affiliates ;(Note)

Million yen

％

－39.0

Operatingprofit/Sales％

％

－12.1

1.7
0.6
21.5
23.4
12.2
FY2020:－ million yen
FY2019:－ million yen
Diluted net income per share for the current consolidated fiscal year is not stated because there is a net
loss per share, although there are dilutive shares.

(2) Consolidated Financial Position
Total assets

Shareholder’s equityratio

Net assets

Million yen

Million yen

FY202011,313
FY201915,173(Reference) Shareholders’ equity ;FY2020:FY2019:8,769
10,9058,746 million yen
10,883 million yen

Net assets per share％

Yen

77.3
71.7

185.79226.80(3) Consolidated Cash Flow Position
Cash flows fromoperating activities
FY2020FY2019Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Million yen

Million yen

Million yen

Million yen－395－375－1,035

3,549－1,435－1,164

6,679
8,485

2. Dividends
Annual dividend

FY2020FY2019FY2021 (Forecast)End of 1Q
Yen

End of 2Q
Yen－－－

0.00
0.00
0.00

End of 3Q
Year-end
Yen
Yen

0.00
0.00
0.00

－－－

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Total

Total
dividends(Annual)Dividend
Dividends/
payout ratio
Net assets(Consolidated) (Consolidated)

Yen

Million yen

％％

0.00
0.00
0.00

－－－－－－－

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending December 2021
(January 1, 2021 through December 31, 2021)
Sales

Operating profit

Million

1Q-2Q FY2021
FY2021

7,274
15,163(% change from the previous corresponding period)
Net income
Net income perRecurring profit
attributableshareowners of parent％ Million yen－24.5％ Million yen

126－
407 292.4

－9.0

121
397

％ Million yen

83.1
74.4

71245

％

Yen

－－1.51
5.21* Notes(1) Changes in significant subsidiaries during the period:(Changes in specified subsidiaries resulting in changes in scope of consolidation)

None(2) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies associated with revision of accounting standards :None② Changes in accounting policies other than ①:None③ Changes in accounting estimates:

None④ Restatement:

None(3) Shares issued (common stock)① Shares issued as of term-end (incl. Treasury stock)

FY202049,027,800

FY201949,027,200② Treasury stock as of term-end

FY20201,948,044

FY20191,039,044③ Average number of shares outstanding

FY202047,222,421

FY201948,340,716(Reference) Overview of Non-consolidated Financial Results
Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2020
(January 1, 2020 through December 31, 2020)(1) Non-consolidated Results of Operations
SalesFY2020
FY2019(% change from the previous corresponding period)

Operating profit

Recurring profit

Net income

Million yen％

Million yen％

Million yen％

Million yen％

15,35025,442－39.7

－83－

－98.7

－1,465－

24.9

2,948

33.8

40
3,046

35.7

2,041

45.4

Net income per share

Diluted net income
per share

YenYen－31.03
FY2020－FY201942.24
40.80(Note) Diluted net income per share for the current fiscal year is not stated because there is a net loss per share,
although there are dilutive shares.

(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

FY2020
10,227FY201914,214(Reference) Shareholders’ equity ;FY2020:FY2019:

Shareholder’s equity
ratio

Million yen

7,644
10,058
7,622 million yen
10,037 million yen

Net assets per share％

Yen

74.5
70.6

161.92209.16* This report is not subject to audit procedures by certified public accountants or audit firm.
* Explanation for appropriate use of forecasts and other notes

The forward-looking statements such as operational forecasts contained in this statements summary are based
in information currently available to the Company and certain assumptions which are regarded as legitimate.
Actual results may differ from such forward-looking statements for a variety of reasons.

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