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 Six Months Ended August 31, 2021
(Based on Japanese GAAP)
October 14, 2021
Company name:

IDOM Inc.

Stock exchange listing: Tokyo
Stock code:
7599
Representative:
Inquiries:

URL

https://221616.com

President
General Manager, Finance & IR Division

Yusuke Hatori
Masayuki Matsumoto

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

October 15, 2021
November 5, 2021

Preparation of supplementary material on quarterly financial results:
Holding of quarterly 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 six months ended August 31, 2021 (from March 1, 2021 to August 31, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended August 31, 2021
227,77527.9
9,440 132.9
9,011 186.3
5,311 286.1
Six months ended August 31, 2020
178,109(0.7)
4,053 (12.3)
3,147 (13.4)
1,375 (35.3)
Earnings per share

Diluted earnings per share

Yen
52.90
13.67

Six months ended August 31, 2021
Six months ended August 31, 2020

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen176,910
177,222

As of August 31, 2021
As of February 28, 2021

Equity ratio

Millions of yen
49,90545,015

Net assets per share%
27.5
24.8

Yen
483.80438.18

2. Cash dividends
Annual dividends per share

Year ended February 28, 2021
Year ending February 28, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.30
2.30

Yen–

Yen
5.30

Yen
10.60

–

2.30

4.60

Year ending February 28, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
Net sales
Full year

Millions of yen
405,400

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen
%
Yen
6.5
15,00041.9
13,90044.2
8,000 438.8
79.68

1

4. Notes(1) Changes in significant subsidiaries during the six months ended August 31, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of August 31, 2021

106,888,000 shares As of February 28, 2021

106,888,000 shares

Number of treasury shares at the end of the period
As of August 31, 2021

6,480,631 shares As of February 28, 2021

6,480,601 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended August 31, 2021

100,407,399 shares Six months ended August 31, 2020

2100,651,994 shares1. Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the first six months of the fiscal year under review (March 1 to August 31, 2021), retail unit sales at directly managed stores in Japan were72,694 (up 3.0% year on year), a record high for first six months sales. This result was primarily attributable to the following factors:(i) Large stores that opened in the previous fiscal year commenced operation.
(ii) Efforts were made to boost the number of visitors to existing stores, including large stores, through the effective placement of advertisements.
At a subsidiary in Australia, the number of new car sales rose, reflecting favorable business conditions in the Western Australian market attributableto a rise in the price of iron ore. In Western Australia, sales of used cars remained strong, reflecting the effect of ongoing measures to boost sales.
In addition, with the yen continuing to weaken from the year-ago level against the Australian dollar, the Australian subsidiary recorded increases
in both sales and profit.
Selling, general and administrative expenses increased on a consolidated basis due to a reaction to the transfer of part of selling, general andadministrative expenses to an extraordinary loss posted as a loss on COVID-19 in the previous fiscal year, coupled with the impact of a weakened
yen.
In contrast, even in a situation where retail unit sales hit a record high, advertising expenses decreased, reflecting an improvement in the efficiency
of internet-based customer attraction efforts.
The Company recorded expenses for moving out as head office relocation expenses in the extraordinary loss category. The relocation expenses
totaled 870 million yen, including the balance of unamortized non-current assets at the current head office and the cost of office restoration to its
original condition.
As a result of the above, the consolidated business results for the first six months under review were net sales of 227,775 million yen (up 27.9%
year on year), operating profit of 9,440 million yen (up 132.9%), ordinary profit of 9,011 million yen (up 186.3%), and profit attributable to ownersof parent of 5,311 million yen (up 286.1%), achieving record highs in terms of results for the first six months.
Regional segment-specific earnings are as indicated below:I. JapanThe Japan segment recorded net sales of 157,192 million yen (up 13.1% year on year) and segment profit (operating profit) of 7,113 million yen(up 98.8% year on year). Retail unit sales increased mainly due to the operation of large stores that opened in the previous fiscal year, and anincrease in the number of visitors to existing stores.
II. Australia
The results of the Australia segment were net sales of 69,499 million yen (81.5% year on year) and segment profit (operating profit) of 2,401
million yen (166.8% year on year). The number of new car sales rose against the backdrop of favorable business conditions in the WesternAustralian market attributable to a rise in the price of iron ore. Sales of used cars also remained strong, reflecting the effect of ongoing measures
to boost sales. Moreover, with the yen continuing to weaken from the year-ago level against the Australian dollar, the segment recorded an increasein sales and profit.
(2) Analysis of financial position
AssetsTotal assets as of the end of the first six months ended August 31, 2021 were 176,910 million yen (down 0.2% compared to the end of the previous
fiscal year).
Current assets were 126,745 million yen (up 0.1% compared to the end of the previous fiscal year), mainly reflecting an increase in cash anddeposits (up 4,323 million yen), partly offset by decreases in notes and accounts receivable - trade (down 2,947 million yen) and merchandise(down 1,418 million yen).
Non-current assets decreased 0.9% from the end of the previous fiscal year to 50,164 million yen mainly due to a decrease of 680 million yen inbuildings and structures and a decrease of 1,378 million yen in intangible assets, partly offset by an increase in construction in progress (up 1,316
million yen), among other factors.
Liabilities
Total liabilities as of the end of the first six months ended August 31, 2021 were 127,004 million yen (down 3.9% compared to the end of theprevious fiscal year).
Current liabilities were 44,188 million yen (down 7.0% compared to the end of the previous fiscal year) due to a fall in the accounts payable - trade(down 2,335 million yen) and the advances received(down 459 million yen), among other factors.
Non-current liabilities were 82,815 million yen (down 2.2% compared to the end of the previous fiscal year) due to a fall in long-term borrowings(down 1,692 million yen), among other factors.
Net assets
Total net assets as of the end of the first six months ended August 31, 2021 were 49,905 million yen (up 10.9% compared to the end of the previousfiscal year) due chiefly to an increase in retained earnings (up 4,755 million yen).
(3) Consolidated earnings forecast and other forward-looking statements
The Company has revised its consolidated earnings forecasts for the fiscal year ending February 28, 2022, announced on July 14, 2021. For moredetails, please refer to “Notice of Differences between Results and the Forecast for the First Six Months and Revision of the Full-Year Forecast”
announced today (October 14, 2021).

3

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 28, 2021

(Millions of yen)
As of August 31, 2021

43,1796,875
72,913
3,966(328)
126,605

47,502
3,927
71,494
4,160(340)
126,745

36,918(16,411)
20,507
153
(32)
121
4,335
(3,606)729
218
121
21,69736,053(16,227)
19,826
114
(35)
78
4,053
(3,295)
757
136
1,438
22,237

1,717
7,698
4,996
14,412

1,508
7,228
4,297
13,034

139
131
30
5,835
4,614
3,253
544
(43)
14,50650,616
177,222

130
129
59
5,838
4,567
3,702
507
(43)
14,89250,164
176,910

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Other
Allowance for doubtful accounts
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
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Construction assistance fund receivables
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of February 28, 2021

(Millions of yen)
As of August 31, 2021

20,940
1,117
342
4,586
2,052
9,010
205
1,167
737
715
6,658
47,53418,604
1,078
–
5,262
3,078
8,551
260
1,130
829
878
4,514
44,18879,169
506
2,546
1,616
584
249
84,672132,206

77,477
564
2,261
1,522
669
321
82,815127,004

4,157
4,384
39,665(4,344)
43,862

4,157
4,361
44,420(4,344)
48,594

134
134
1,018
45,015
177,222

(17)
(17)
1,328
49,905
176,910

LiabilitiesCurrent liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for merchandise warranties
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term guarantee deposits
Asset retirement obligations
Deferred tax liabilities
Other provisions
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
Six months ended
August 31, 2020
August 31, 2021
Net sales
178,109
227,775
Cost of sales
144,145
185,308
Gross profit
33,96342,466
Selling, general and administrative expenses
29,91033,025
Operating profit
4,053
9,440
Non-operating income
Interest income
2215
Foreign exchange gains
5–
Subsidy income
–
26
Other
1552
Total non-operating income
4293
Non-operating expenses
Interest expenses
547
464
Foreign exchange losses–
55
Share of loss of entities accounted for using equity
366
0methodOther
35
4Total non-operating expenses
948
523
Ordinary profit
3,147
9,011
Extraordinary income
Gain on sales of property, plant and equipment–
15
Subsidy income
1,232
4Compensation income–
25
Other72
Total extraordinary income
1,239
47
Extraordinary losses
Loss on retirement of non-current assets
234
187
Loss on store closings
34–
Loss on COVIT19
1,333
2Head office relocation expenses
–870
Other
66
47
Total extraordinary losses
1,669
1,107
Profit before income taxes
2,717
7,951
Income taxes - current
968
2,801
Income taxes - deferred
251(513)
Total income taxes
1,220
2,288
Profit1,497
5,662
Profit attributable to non-controlling interests
121351
Profit attributable to owners of parent
1,375
5,311

6Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
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 toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

7

Six months ended
August 31, 2020
1,497

(Millions of yen)Six months ended
August 31, 2021
5,662

535

(233)

(62)

17472
1,969(216)
5,446

1,807

5,159

161286

Consolidated statements of cash flows(Millions of yen)Six months ended
August 31, 2021

Six months ended
August 31, 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase in provision for merchandise warranties
Interest and dividend income
Share of loss (profit) of entities accounted for using
equity method
Interest expenses
Foreign exchange losses (gains)
Subsidy income
Loss on retirement of non-current assets
Loss on COVID19
Headquarters relocation cost
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 deposits received
Increase (decrease) in accrued expenses
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Subsidies received
Payments for loss on COVID-19
Net cash provided by (used in) operating activities
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
Purchase of shares of subsidiaries and associates
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
Other, net
Net cash provided by (used in) investing activities

82,7171,446
3305225159(22)

7,951
1,406
239
14(36)
92(15)3660547
40(1,232)
234
1,333
–
265
15,638

464
189
(30)
187
2
870
2,467
588

69(20)

271
759(6,085)
(389)
120
256
627
17,66120(544)(1,586)
1,232(1,333)
15,448(228)(2,390)(1,780)(138)
54(408)862
10,34115(461)(1,815)
4(2)
8,081

(443)
–
(352)
(91)
(63)
–
(18)

(1,079)
130
(230)
(18)
(41)
(8)
(93)

154

91

(31)
305
6(533)(171)
218–(1,204)

(Millions of yen)Six months endedAugust 31, 2021

Six months ended
August 31, 2020
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Proceeds from share issuance to non-controllingshareholders
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting frominclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period

9108
234
(45)
(397)
(61)

24–
(1,950)
(0)
(536)

370

–

208

(2,462)

116

(107)

15,24037,295

4,306
43,179–16

52,53647,502