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 Nine Months Ended November 30, 2020
(Based on Japanese GAAP)
January 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:

January 14, 2021–

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

YesNo

TEL

03-5208-5503(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2020 (from March 1, 2020 to November 30, 2020)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended November 30, 2020
282,082
3.5
8,616
11.5
7,849
22.0
5,226
45.3
Nine months ended November 30, 2019272,57426.1
7,728 172.6
6,432 192.3
3,597 249.5
Earnings per share

Diluted earnings per share

Yen
51.97
35.48

Nine months ended November 30, 2020
Nine months ended November 30, 2019

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
174,846
183,783

As of November 30, 2020
As of February 29, 2020

Equity ratio

Millions of yen
47,95942,586

Net assets per share%
26.9
22.9

Yen
469.29415.42

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.60
5.30

Yen––

Yen
0.60

Yen
1.20

5.30

10.60

Year ending February 28, 2021 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2021 (from March 1, 2020 to February 28, 2021)Net sales

Full year

Millions of yen
361,700

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
0.0
10,100
11.1
8,900
29.6
5,500
55.1
54.73

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:No
No(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:
NoChanges 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 November 30, 2020

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 November 30, 2020

6,480,571 shares As of February 29, 2020

5,480,571 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2020

100,571,065 shares Nine months ended November 30, 2019

2101,407,434 shares1. Qualitative Information on Quarterly Financial Results(1) Analysis of operating results
In the first nine months of the fiscal year under review (March 1, 2020 to November 30, 2020), stay-at-home requestswere issued by the central and local governments in April and May in response to the spread of COVID-19 infections,and the number of visitors to the directly managed stores in Japan decreased. After the lifting of the declaration of a stateof emergency in late May, however, the number recovered rapidly, and in September, the number of visitors to the directly
managed stores returned to normal. In addition, the stores undertook initiatives to increase efficiency, which has beensuccessful. Reflecting those trends, the number of cars sold in retail trade at the directly managed stores stood at 104,830(up 3.2% year on year).
Meanwhile, the number of cars purchased fell from a year ago due to a sluggish new car market in the first half of thefiscal year, but in the third quarter, recovered to the year-ago level, reflecting a recovery in the new car market.
The Company curbed advertising expenses based on prospects for sales demand that took into account the impact of theCOVID-19 infection. 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.
In response to stay-at-home requests and the declaration of a state of emergency issued by the central and local
governments due to the spread of COVID-19, the Company reduced its business hours and temporarily closed stores inJapan and Australia. The fixed cost and expenses (SG&A expenses) incurred during the temporary suspension wereposted as an extraordinary loss related to the infectious disease. In an effort to improve store efficiency, the Company
closed directly managed stores. Consequently, a loss on retirement of non-current assets and a loss on store closings
were posted under extraordinary losses.
As a result of the above, the consolidated business results for the first nine months were net sales of 282,082 million yen(up 3.5% year on year), operating profit of 8,616 million yen (up 11.5%), ordinary profit of 7,849 million yen (up 22.0%)
and profit attributable to owners of parent of 5,226 million yen (up 45.3%).
Regional segment-specific earnings are as indicated below:
I. Japan
The Japan segment resulted in net sales of 216,733 million yen (up 4.2% year on year) and segment income (operatingprofit) of 7,314 million yen (down 10.4% year on year). Although the number of cars sold in retail trade grew strongly,
the number of cars purchased and gross profit per car in wholesale decreased mainly in the first quarter due to the impactof the COVID-19 infection. In the third quarter, the number of cars purchased and gross profit per car in wholesale
recovered to the year-ago level.
II. Australia
The Australia segment recorded net sales of 63,987 million yen (up 2.4% year on year) and segment income (operatingprofit) of 1,861 million yen (as compared to a segment loss (operating loss) of 97 million yen in the same period of theprevious fiscal year). Personnel expenses that correspond to government subsidies related to the COVID-19 infection
are transferred to and posted as a loss related to the infectious disease under extraordinary losses. This was a factor forthe profit growth.

3(2) Analysis of financial position
AssetsTotal assets as of the end of the first nine months ended November 30, 2020 were 174,846 million yen (down 4.9%
compared to the end of the previous fiscal year).
Current assets totaled 120,319 million yen (down 6.1% from the end of the previous fiscal year) chiefly as a result of adecrease in merchandise (down 9,784 million yen).
Non-current assets decreased 2.0% from the end of the previous fiscal year to 54,527 million yen mainly due to a decreaseof 1,169 million yen in buildings and structures.
Liabilities
Total liabilities as of the end of the first nine months ended November 30, 2020 were 126,887 million yen (down 10.1%
compared to the end of the previous fiscal year).
Current liabilities totaled 41,689 million yen (down 25.9% from the end of the previous fiscal year) chiefly as a resultof a decrease in the current portion of long-term borrowings (down 10,717 million yen) and a fall in accounts payable trade (down 4,309 million yen).
Non-current liabilities stood at 85,197 million yen (up 0.4% from the end of the previous fiscal year) due primarily to arise in deferred tax liabilities (up 91 million yen) and an increase in other provisions (up 71 million yen).
Net assets
Total net assets as of the end of the first nine months ended November 30, 2020 were 47,959 million yen (up 12.6%
compared to the end of the previous fiscal year) due chiefly to an increase in retained earnings (up 4,633 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, 2021, announced
on October 14, 2020. For more details, please refer to "Notice on Revision of the Full-Year Forecast" announced today(January 14, 2021).

4

Quarterly consolidated financial statements
Consolidated balance sheets
As of February 29, 2020

(Millions of yen)
As of November 30, 2020

37,295
6,715
79,1195,143(158)
128,115

42,246
4,408
69,3354,583(256)
120,319

37,000(14,742)
22,257
256
(21)
234
4,196
(3,487)708
218
97
23,51736,499(15,411)21,088
190
(28)
161
4,244
(3,554)689
218
117
22,275

1,877
10,911
4,604
17,393

1,782
11,036
4,696
17,516152119
13
5,938
5,142
2,811
625
(48)
14,75655,667
183,783

141
131
13
5,867
4,731
3,337
556
(44)
14,73554,527
174,846

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
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of February 29, 2020

(Millions of yen)
As of November 30, 2020

21,002935
11,079
4,034
1,624
9,773
274
823
662
544
5,544
56,29916,692
1,034
361
3,713
1,700
7,388
293
276
739
726
8,761
41,68979,824
432
2,633
1,386
426
193
84,897141,196

79,720
485
2,565
1,477
497
449
85,197
126,887

4,157
4,032
38,773(3,947)43,016

4,157
4,384
43,407(4,344)47,604

(889)
(889)
3456
42,586
183,783

(484)
(484)
3
836
47,959174,846

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Advances receivedDeposits 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 earnings
Treasury shares
Total 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

6Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
Nine months ended
November 30, 2019
November 30, 2020
Net sales
272,574
282,082
Cost of sales
216,480
227,986
Gross profit
56,09354,096
Selling, general and administrative expenses
48,36445,480Operating profit
7,728
8,616
Non-operating income
Interest income
3432
Interest on tax refund
18–Foreign exchange gains
–
34
Other
2249
Total non-operating income
75116
Non-operating expenses
Interest expenses
1,024765
Foreign exchange losses
249–
Share of loss of entities accounted for using equity7746
methodOther
2170
Total non-operating expenses
1,372
882
Ordinary profit
6,432
7,849
Extraordinary income
Gain on sale of businesses
57–
Subsidy income
22
1,516
Other
17
Total extraordinary income
81
1,523
Extraordinary losses
Loss on retirement of non-current assets
526
278
Loss on store closings
109105
Settlement package
140–Loss on COVIT19–
1,598
Other2818
Total extraordinary losses
805
2,000
Profit before income taxes
5,708
7,372
Income taxes - current
2,726
2,347
Income taxes - deferred
(621)
(525)
Total income taxes
2,105
1,821
Profit3,603
5,550
Profit attributable to non-controlling interests
5324
Profit attributable to owners of parent
3,597
5,226

7Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

8

Nine months ended
November 30, 2019
3,603

(Millions of yen)
Nine months ended
November 30, 2020
5,550

(661)

536

53(92)

(608)
2,994

443
5,994

3,069

5,631

(75)

362