Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Based on Japanese GAAP)
July 29, 2022
Company name:
Fundely Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

3137
URL https://www.fundely.co.jp/
President, Founder
Kosuke Abe

Inquiries:

Director and General Manager ofAdministration DepartmentTomonori Kayano

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 12, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
No

TEL

03-6741-5880(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Three months ended June 30, 2022
Three months ended June 30, 2021

Operating profit

Millions of yen
674
788% Millions of yen(14.6)
(17)
4.5
(13)

Earnings per share

Ordinary profit% Millions of yen
–(28)
–(15)

%––

Diluted earnings per share

Yen(4.54)(4.66)

Three months ended June 30, 2022
Three months ended June 30, 2021

Profit% Millions of yen
–(28)
–(29)

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
5,294
5,462

As of June 30, 2022
As of March 31, 2022

Equity ratio

Millions of yen
615
643%
11.4
11.6

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00

Yen–

Yen
0.00

Yen
0.00

0.00

–

3.00

3.00

Year ended March 31, 2022
Year ending March 31, 2023
Year ending March 31, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2022
Full year

Operating profit

Ordinary profit

ProfitEarnings per share% Millions of yen% Millions of yen% Millions of yen%

Yen

1,527

(4.4)

(35)

–(59)

–(40)

–(6.44)

3,200

2.5

105

–

114

–

79

–

12.49

1

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

6,457,500 shares As of March 31, 2022

6,457,500 shares

100,000 shares As of March 31, 2022

100,000 shares

Number of treasury shares at the end of the period
As of June 30, 2022

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

6,357,500 shares Three months ended June 30, 2021

2

6,357,500 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2022

As of June 30, 2022

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

1,066,839
187,510

1,038,523
111,413

Merchandise and finished goods
Work in process

374,215
1,548

373,264172

Raw materials and supplies
Other45,228
42,98845,293
43,838

Allowance for doubtful accounts
Total current assets

(64)

(58)

1,718,265

1,612,446

2,538,445

2,538,445

Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation(283,176)(317,139)

Buildings, net

2,255,268

2,221,305

Structures

528,839

528,839

Accumulated depreciation(83,061)(93,820)

Structures, net

445,777

435,019

Machinery, equipment and vehicles

965,927

965,927

Accumulated depreciation(502,641)(517,119)

Machinery, equipment and vehicles, net

463,286

448,808

Tools, furniture and fixtures

99,136

99,136

Accumulated depreciation(80,951)(83,558)

Tools, furniture and fixtures, net
Land
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets

3

18,185

15,577516,725

516,725

3,699,243

3,637,437

3,234
41,884

3,089
41,8603,744,362

3,682,386

5,462,628

5,294,833

(Thousands of yen)
As of March 31, 2022

As of June 30, 2022

Liabilities
Current liabilities
Accounts payable - trade112,039

99,304Current portion of long-term borrowings
Accounts payable - other270,360
69,775

270,360
65,116

Income taxes payable
Provision for bonuses

6,367
13,369

1,919
6,684

Other

85,552

41,452

Total current liabilities

557,464

484,837

Long-term borrowings
Asset retirement obligations

4,256,510
5,480

4,188,920
5,481

Total non-current liabilities

4,261,990

4,194,401

4,819,454

4,679,239

Shareholders' equity
Share capital

279,864

279,864

Capital surplus
Retained earnings

229,864
208,410229,864
180,430

Treasury shares(87,143)(87,143)

Total shareholders' equity

630,995

603,014

12,177

12,579Non-current liabilities

Total liabilities
Net assets

Share acquisition rights
Total net assets
Total liabilities and net assets

4643,173

615,593

5,462,628

5,294,833

Non-consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

June 30, 2021

June 30, 2022

Net sales
Cost of sales

788,941
464,766

674,041
370,011Gross profit

324,174

304,030

Selling, general and administrative expenses

337,483

321,272

Operating loss

(13,309)(17,241)

Commission income
Miscellaneous income

171241151357Total non-operating income

413

509

2,142

12,127

Non-operating income

Non-operating expenses
Interest expenses
Miscellaneous losses
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Subsidy reduction loss
Total extraordinary losses

–

26

2,142

12,153(15,039)(28,885)

301

410

301

410

30,897–30,897–

Loss before income taxes(45,634)(28,475)

Income taxes(15,990)370

Loss(29,644)(28,845)5