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 Consolidated Financial Results
for the Year Ended February 28, 2021
(Based on Japanese GAAP)
April 14, 2021
Company name:
IDOM Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

7599
President

URL

https://221616.com
Yusuke Hatori

Inquiries:
General Manager, Finance & IR Division
Scheduled date of ordinary general meeting of shareholders:

Masayuki Matsumoto
May 28, 2021

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

May 31, 2021
May 31, 2021

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

Yes
Yes

TEL

03-5208-5503(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 28, 2021 (from March 1, 2020 to February 28, 2021)(1) Consolidated operating results
Net salesYear ended February 28, 2021
Year ended February 29, 2020

Operating profit

Millions of yen
380,564
361,684

%
5.2
16.9

Millions of yen
10,571
9,091

Earnings per share

Diluted earnings per
share

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetssales
parent/equity
Yen
%
%
%
–
3.4
5.3
2.8
–
8.6
3.8
2.5

Yen
14.77
34.97

Year ended February 28, 2021
Year ended February 29, 2020

%
16.3
167.3

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen
%
9,642
40.4
1,484
(58.1)
6,867 231.3
3,545 828.8(2) Consolidated financial position
Total assets
As of February 28, 2021
As of February 29, 2020

Net assets

Equity ratio

Millions of yen
177,222
183,783

Millions of yen
45,01542,586

Cash flows fromoperating activities
Millions of yen
19,50813,757

Cash flows frominvesting activities
Millions of yen(1,373)(406)

Net assets per share
%
24.8
22.9

Yen
438.18415.42(3) Consolidated cash flows

Year ended February 28, 2021
Year ended February 29, 2020

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(12,495)
43,1791,142
37,295

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended February 29, 2020
Year ended February 28, 2021
Year ending February 28, 2022
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

–
–

0.60
5.30

–
–

0.60
5.30

1.20
10.60

121
1,064

3.4
71.8

0.3
2.5

–

2.30

–

2.30

4.60

1

8.0

3. Forecast of consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
183,300
2.9
5,900
45.6
5,350
70.0
2,700
96.3
26.89
August 31, 2021
Full year
390,000
2.5
12,50018.2
11,40018.2
5,800 290.6
57.76
4. Notes(1) Changes in significant subsidiaries during the year ended February 28, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2021

106,888,000 shares As of February 29, 2020

106,888,000 shares

Number of treasury shares at the end of the period
As of February 28, 2021

6,480,601 shares As of February 29, 2020

5,480,571 shares

100,530,711 shares Year ended February 29, 2020

101,407,433 shares

Average number of shares during the period
Year ended February 28, 2021

2

1. Overview of Operating Results, Etc.
(1) Analysis of Operating Results
In the fiscal year under review (March 1, 2020 to February 28, 2021), the number of visitors to stores decreased
significantly in the first three months due to the effects of requests that people stay home in response to the COVID-19
pandemic. After the lifting of the state of emergency, however, the number recovered rapidly, partly in reaction to thedecrease. In the second half, the number constantly exceeded the year-ago level. Overall, the effect of COVID-19 was minor
and insignificant in the full year. The retail unit sales at directly managed stores in Japan announced on August 6, 2020 was
137,382 (up 3.3% year on year), reflecting an improvement in efficiency at the stores.
The Company curbed advertising expenses based on prospects for sales demand that took into account the impact of
COVID-19. Cost control, including travel and transport costs, was also implemented and overall SG&A expenses decreased.
Subsidy income related to COVID-19 infections in Japan and overseas was posted in extraordinary income.
The Company posted the following extraordinary losses:(i) Loss related to infectious disease
In response to requests that people stay home and the declaration of a state of emergency by the central and local
governments due to COVID-19, the Company reduced its business hours and temporarily closed stores in Japan andAustralia. The fixed costs and expenses (SG&A expenses) incurred during the temporary suspension were posted as an
extraordinary loss.
(ii) Loss on retirement of non-current assets and loss on store closings
The losses were recorded due to closures of directly managed stores to improve efficiency.
(iii) Impairment losses(1) Property, plant and equipment (directly managed stores)
An impairment loss was posted for directly managed stores where expected earnings are not likely to be achieved.
(2) Goodwill (Australia business)
An impairment loss of 3,951 million yen was posted for goodwill accompanied by the acquisition of a subsidiary inAustralia. Results at the Australian subsidiary are firm. However, in consideration of the latest trends, a goodwill
impairment loss was posted due to the revision of the growth rate in the new car market in Australia and the outlook for aplan to increase stores, which are assumptions for the business plan for the Australian subsidiary.
As a result of the above, the consolidated business results for the fiscal year under review were net sales of 380,564 million
yen (up 5.2% year on year), operating profit of 10,571 million yen (up 16.3%), ordinary profit of 9,642 million yen (up40.4%) and profit attributable to owners of parent of 1,484 million yen (down 58.1%).
Regional segment-specific earnings are as indicated below:
I. JapanThe results of the Japan segment were net sales of 290,551 million yen (up 5.7% year on year) and segment profit(operating profit) of 8,316 million yen (down 13.2% year on year). Retail unit sales at directly managed stores increased,
and nonconsolidated sales and profit rose. However, sales and profit fell at certain subsidiaries.
II. Australia
The Australia segment recorded net sales of 88,310 million yen (up 4.8% year on year) and segment profit (operating
profit) of 2,999 million yen (as compared to a segment loss (operating profit) of 76 million yen in the same period of theprevious fiscal year), a record high.
Despite the effects of COVID-19, profit grew due to the strengthening of the used car business and an improvement in cost
efficiency as well as the transfer of personnel expenses corresponding to government subsidies related to COVID-19 to aloss related to infectious disease under extraordinary losses.
Outlook for the Next Fiscal Year
The Company expects that in the next fiscal year, the effect of COVID-19 on the number of visitors to the directly
managed stores will be minor and insignificant as in the fiscal year under review.
The Company expects that retail unit sales will increase due to large store openings with an emphasis on capital efficiency
and that wholesale gross profit, which declined in the first three months of the fiscal year under review, will recover.
Considering the above, the Company forecasts that in the next fiscal year, it will post net sales of 390,000 million yen,operating profit of 12,500 million yen, ordinary profit of 11,400 million yen and profit attributable to owners of parent of
5,800 million yen.

3(2) Analysis of financial position
Status of assets, liabilities and net assets(Assets)
As of the end of the fiscal year under review, total assets stood at 177,222 million yen (down 3.6% compared to the end of
the previous fiscal year).
Current assets were 126,605 million yen (down 1.1% compared to the end of the previous fiscal year), mainly reflecting an
increase in cash and deposits (up 5,883 million yen) and a decrease in merchandise (down 6,206 million yen).
Non-current assets were 50,616 million yen (down 9.1% compared to the end of the previous fiscal year) chiefly due todecreases in buildings and structures (down 1,750 million yen) and goodwill (down 3,213 million yen).
(Liabilities)
As of the end of the fiscal year under review, total liabilities were 132,206 million yen (down 6.4% compared to the end of
the previous fiscal year).
Current liabilities were 47,534 million yen (down 15.6% compared to the end of the previous fiscal year), mainlyreflecting a decline in the current portion of long-term borrowings (down 10,737 million yen).
Non-current liabilities were 84,672 million yen (down 0.3% compared to the end of the previous fiscal year) due to a fallin long-term borrowings (down 654 million yen), among other factors.
(Net assets)
As of the end of the fiscal year under review, total net assets amounted to 45,015 million yen (up 5.7% compared to theend of the previous fiscal year), largely due to increases in retained earnings (up 891 million yen) and foreign currencytranslation adjustment (up 1,023 million yen).
Status of cash flows
Cash and cash equivalents (hereinafter, "cash") for the fiscal year under review were 43,179 million yen, an increase of
5,883 million yen (up 15.8%) compared to the end of the previous fiscal year.
The status of cash flows for FY2021 and respective relevant cash flows are as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was 19,508 million yen.
This was mainly attributable to profit before income taxes of 4,524 million yen, depreciation of 2,951 million yen, an
impairment loss of 4,486 million yen and a decrease in inventories of 8,514 million yen.
(Cash flows from investing activities)
Net cash used in investing activities was 1,373 million yen.
This mainly reflected 1,189 million yen used for purchase of property, plant and equipment, and 655 million yen used forpurchase of intangible assets, while 560 million yen was provided by collection of construction assistance fund receivables.
(Cash flows from financing activities)
Net cash used in financing activities was 12,495 million yen.
This was mainly attributable to repayments of long-term borrowings of 11,867 million yen and dividends paid of 644
million yen.
(Reference) Changes in cash flow indicators
FY2017FY2018FY2019FY2020

FY2021Equity ratio (%)

33.9

31.4

22.9

22.9

24.8

Shareholders' equity(mark-to-market) ratio (%)

65.1

55.8

21.9

28.3

35.1

Debt redemption years

－

7.7

－

6.7

4.1

Interest coverage ratio

－

10.1

－

10.2

18.6

Notes: 1. Breakdown of each indicator
Equity ratio = Shareholders' equity/Total assets
Shareholders’ equity (mark-to-market) ratio = Market capitalization/Total assets
Debt redemption years = Interest bearing debt/Operating cash flow
Interest coverage ratio = Operating cash flow/Interest payments4(3) Basic Policy on Profit Distribution and Dividends for Fiscal Years Ended February 2021 and Ending February 2022
(i) Basic policy on dividends and targets
The Company's basic policy on dividends is to pay performance-based dividends. The Company will decide on dividends
based on consolidated results. In principle, total dividends will be 30% of consolidated net profit (profit attributable toowners of parent) in the previous fiscal year. Dividends per share are determined accordingly.
(ii) Dividends for the fiscal year under review
Under the policy above, annual dividends per share for the fiscal year under review will be 10.60 yen (5.30 yen at the endof the first half and 5.30 yen at the end of the fiscal year).
(iii) Dividends for next fiscal year
Based on the above, the Company has calculated dividends per share (forecast) for the next fiscal year based on profit
attributable to owners of parent in the fiscal year under review. It is planned that annual dividends per share for the next
fiscal year will be 4.60 yen (2.30 yen at the end of the first half and 2.30 yen at the end of the fiscal year).

2. Basic Policy for the Selection of Accounting Standards
The Group has been considering the adoption of IFRS primarily to enhance the international comparability of financial
information in the capital market. In light of the convergence of Japanese GAAP and IFRS, however, the Company will
create financial statements using Japanese GAAP for the time being.

5Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of February 29, 2020

As of February 28, 2021

AssetsCurrent assets
Cash and deposits

37,29543,179Notes and accounts receivable - trade
Merchandise

6,715
79,1196,875
72,913

Other
Allowance for doubtful accounts

5,143
(158)

3,966
(328)

128,115

126,605

37,000(14,742)

36,918(16,411)22,257

20,507

256
(21)

153
(32)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment

234

121

4,196
(3,487)

4,335(3,606)

708

729

218
97

218
121

23,517

21,697

Intangible assets
Software

1,877

1,717

Goodwill
Other

10,911
4,604

7,698
4,996

Total intangible assets

17,393

14,412

Investments and other assets
Investment securities

152

139

119
13

131
30

Leasehold and guarantee deposits
Construction assistance fund receivables

5,938
5,142

5,835
4,614

Deferred tax assets
Other

2,811
625

3,253
544

Allowance for doubtful accounts

(48)

(43)

Total investments and other assets

14,756

14,506

Shares of subsidiaries and associates
Long-term loans receivable

Total non-current assets
Total assets

6

55,66750,616

183,783

177,222

(Millions of yen)
As of February 29, 2020

As of February 28, 2021

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings

21,002935

20,940
1,117

Current portion of long-term borrowings
Accounts payable - other

11,079
4,034

342
4,586

Income taxes payable
Advances received

1,624
9,773

2,052
9,010

Deposits received
Provision for bonuses

274
823

205
1,167

Provision for merchandise warranties
Other provisions

662
544

737
715

Other

5,544

6,658

Total current liabilities

56,29947,534Long-term borrowings
Long-term guarantee deposits

79,824432

79,169506

Asset retirement obligations
Deferred tax liabilities

2,633
1,386

2,546
1,616

426
193

584
249

84,897

84,672

141,196

132,206

Share capital
Capital surplus

4,157
4,032

4,157
4,384

Retained earnings
Treasury shares

38,773(3,947)

39,665(4,344)

Total shareholders' equity

43,01643,862

(889)

134

(889)

134

3
456

–
1,018

Non-current liabilities

Other provisions
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

7

42,58645,015

183,783

177,222

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
February 29, 2020

Fiscal year ended
February 28, 2021

Net sales
Cost of sales

361,684
287,724

380,564
307,754

Gross profit

73,95972,810

Selling, general and administrative expenses

64,86862,239Operating profit

9,091

10,571

Interest income
Foreign exchange gains

54
–

40
114

Interest on tax refund
Other

18
35

–
105

Total non-operating income

108

260

Non-operating income

Non-operating expenses
Interest expenses

1,377

1,040

Foreign exchange losses
Share of loss of entities accounted for using equity method

305
627

–
56

Other

22

91

2,333

1,189

6,867

9,642

Compensation income
Subsidy income

35
22

–
1,737

Gain on liquidation of subsidiaries
Gain on sale of businesses

54
57

–
–

Gain on reversal of share acquisition rights
Other

–
1

3
7

171

1,747

619

346

29
240

–
–

Impairment loss
Settlement package

1,847
144

4,486
–

Loss on store closings
Loss on COVIT19

211
–

114
1,821

Other

27

98

Total non-operating expenses
Ordinary profit
Extraordinary income

Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates

3,120

6,866

Profit before income taxes

Total extraordinary losses

3,917

4,524

Income taxes - current
Income taxes - deferred

1,781(1,454)

3,002
(398)

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

8

327

2,603

3,590

1,920

44

435

3,545

1,484

Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended

Fiscal year ended

February 29, 2020

February 28, 2021

Profit

3,590

1,920

Other comprehensive income
Foreign currency translation adjustment

(814)

1,249

68

(148)

(745)

1,101

Comprehensive income

2,844

3,021

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,900

2,475

(56)

545

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

9

Consolidated statements of changes in equity
Fiscal year ended February 29, 2020
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

4,157

Retained earnings

4,032

Total shareholders'equityTreasury shares

35,842(3,947)40,084

Changes during period
Dividends of surplus

(618)

(618)

Profit attributable to owners ofparent

3,545

3,545

Purchase of treasury shares(0)Change in scope of consolidation

(0)

4

4

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–

–

2,931

(0)

2,931

4,157

4,032

38,773(3,947)43,016

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of period

(243)

(243)

Share acquisitionrightsNon-controllinginterests

3

512

Total net assets

40,357

Changes during period
Dividends of surplus(618)

Profit attributable to owners ofparent3,545

Purchase of treasury shares(0)Change in scope of consolidation

4

Net changes in items other thanshareholders' equity

(645)

(645)

–

Total changes during period

(645)

(645)

–

(56)

2,229

Balance at end of period

(889)

(889)

3

456

42,586

10

(56)

(701)

Fiscal year ended February 28, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

4,157

Retained earnings

4,032

Treasury shares

38,773(3,947)

Total shareholders'equity43,016

Changes during period
Dividends of surplus

(592)

(592)

Profit attributable to owners ofparent

1,484

1,484

Purchase of treasury shares(397)

Change in ownership interest ofparent due to transactions with
non-controlling interests

352

(397)
352

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–

352

891

(397)

846

4,157

4,384

39,665(4,344)

43,862

Accumulated other comprehensive income
Total accumulated
Foreign currency
other comprehensive
translation adjustment
incomeBalance at beginning of period

(889)

(889)

Share acquisitionrightsNon-controllinginterests

3

456

Total net assets

42,586

Changes during period
Dividends of surplus(592)

Profit attributable to owners ofparent

1,484

Purchase of treasury shares(397)

Change in ownership interest ofparent due to transactions with
non-controlling interests

352

Net changes in items other thanshareholders' equity

1,023

1,023

(3)

Total changes during period

1,023

1,023

(3)

562

2,429

Balance at end of period

134

134

–

1,018

45,015

11

562

1,582

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
yyyInterest and dividend income
Share of loss (profit) of entities accounted for using equity
methodInterest expenses
Foreign exchange losses (gains)
Subsidy income
Loss on retirement of non-current assets
Settlement package
Loss (gain) on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates
Impairment loss
Loss on COVID19
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund receivable
Decrease (increase) in accounts receivable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Other, net

Fiscal year ended

Fiscal year ended

February 29, 2020

February 28, 2021
3,917
3,140
668
2
(2)
99
(54)

4,524
2,951
684
343
158
75
(40)

627

56

1,377
(150)
(22)
619
144
29
240
1,847
–
(2,020)(5,539)
1,721
2,323
2,333
1,439
224
1,257
1,305

1,040
(503)
(1,737)
346
–
–
–
4,486
1,821
(885)
8,514
69
693
998
(2,079)
356
(280)
1,502

Subtotal

15,53223,096

Interest and dividends received
Interest paid
Income taxes paid
Subsidies received
Payments for loss on COVID-19

57(1,346)
(508)
22
–

40
(1,050)(2,494)
1,737(1,821)

Net cash provided by (used in) operating activities

13,757

19,508(2,226)
–
(891)
(125)
–
(130)
276
(57)
665
–
1,955
127

(1,189)
43
(655)
(100)
(77)
(163)
265
(32)
560
(11)
–
(12)

(406)

(1,373)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for asset retirement obligations
Loan advances
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits
Payments of construction assistance fund receivables
Collection of construction assistance fund receivables
Purchase of shares of subsidiaries and associates
Proceeds from liquidation of subsidiaries
Other, net
Net cash provided by (used in) investing activities

12

(Millions of yen)
Fiscal year ended

Fiscal year ended

February 29, 2020

February 28, 2021

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings(8,096)22,52535
7

Repayments of long-term borrowings
Purchase of treasury shares(12,667)–(11,867)
(397)

(618)
–

(644)
370

ppp
Proceeds from share issuance to non-controlling shareholders
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

(0)

–

1,142

(12,495)

(184)

244

Net increase (decrease) in cash and cash equivalents

14,308

5,883

Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting from22,97037,29517–

37,29543,179change in scope of consolidation
Cash and cash equivalents at end of period

13Non-consolidated financial statements
Non-consolidated balance sheets(Millions of yen)
As of February 29, 2020

As of February 28, 2021

AssetsCurrent assets
Cash and deposits

33,22435,231

Accounts receivable - trade
Merchandise

5,696
57,155

6,230
51,546

Supplies
Prepaid expenses

23
1,579

32
1,330

Other
Allowance for doubtful accounts

1,824(1,553)

1,836(1,975)

Total current assets

97,94994,233

17,2494,184

16,135
3,742

VehiclesTools, furniture and fixtures

3
429

16
376

Land
Construction in progress

218
85

218
105

22,171

20,59400Software
Other

1,863
14

1,478
14

Total intangible assets

1,878

1,492

Non-current assets
Property, plant and equipment
Buildings
Structures

Total property, plant and equipment
Intangible assets
Trademark right

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable from subsidiaries andassociates
Distressed receivables

0012,6506,239

11,661

11,80448

43

Long-term prepaid expenses
Leasehold and guarantee deposits

446
5,536

367
5,442

Construction assistance fund receivables
Deferred tax assets

5,142
2,826

4,614
3,236

Other
Allowance for doubtful accounts

124
(243)

128
(301)

Total investments and other assets

38,192

31,576

62,24253,663

160,191

147,897

Total non-current assets
Total assets

14

(Millions of yen)
As of February 29, 2020

As of February 28, 2021

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings from subsidiaries and associates

4,620
–

5,432
212

Current portion of long-term borrowings
Accounts payable - other

10,680
2,782

–
2,676

Income taxes payable
Accrued consumption taxes

1,351
2,384

1,637
2,816

Accrued expenses
Advances received

1,938
9,573

1,732
8,208

Deposits received
Provision for bonuses

223
806

936
1,152

Provision for merchandise warranties
Accounts payable - facilities

662
125

737
80

Unearned revenue
Other provisions

248
544

362
715

Total current liabilities

35,941

26,702

Non-current liabilities
Long-term borrowings

77,145

77,145

432
2,380

506
2,329

191

188

Long-term guarantee deposits
Asset retirement obligations
Other
Total non-current liabilities

80,14980,169116,091

106,872

4,157

4,157

Capital surplus
Legal capital surplus

4,032

4,032

Total capital surpluses

4,032

4,032

Retained earnings
Legal retained earnings

Total liabilities
Net assets
Shareholders' equity
Share capital

39

92

Other retained earnings
Retained earnings brought forward

39,81537,087

Total retained earnings

39,85437,180Treasury shares(3,947)(4,344)

Total shareholders' equity

44,09641,025

Share acquisition rights
Total net assets
Total liabilities and net assets

15

3

–

44,10041,025160,191

147,897

Non-consolidated statements of income(Millions of yen)
Fiscal year ended

Fiscal year ended

February 29, 2020

February 28, 2021

Net sales
Cost of sales

258,008
199,406

275,710219,258

Gross profit

58,60256,451

Selling, general and administrative expenses
Advertising expenses
Salaries and allowances
Provision for bonuses
Depreciation
Rent expenses on land and buildings
Provision of allowance for doubtful accounts
Other

8,081
12,423747
2,652
10,34743
16,5696,685
12,787
1,075
2,400
9,969
121
15,55350,867

48,593

7,735

7,858

Non-operating income
Interest and dividend income
Foreign exchange gains
Interest on tax refund
Other

156
–
18
34

154
88
–
12

Total non-operating income

209

255

640
307
32

443
–
27

Total selling, general and administrative expenses
Operating profit

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

979

471

6,964

7,642

35
54
57
22
–
–

–
–
–
305
3
7

169

316

619
29
240
1,847
144
211
555
–
26

283
–
6,710
535
–
70
362
389
65

Total extraordinary losses

3,676

8,416

Profit (loss) before income taxes

3,457

(458)

Income taxes - current
Income taxes - deferred

1,325(1,368)

2,033
(410)

Ordinary profit
Extraordinary income
Compensation income
Gain on liquidation of subsidiaries
Gain on sale of businesses
Subsidy income
Gain on reversal of share acquisition rights
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates
Impairment loss
Settlement package
Loss on store closings
Provision of allowance for doubtful accounts
Loss on COVIT19
Other

Total income taxes
Profit (loss)

16

(42)

1,622

3,500

(2,081)