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 July 31, 2019
(Based on Japanese GAAP)
September 10, 2019
Company name:
HEROZ, Inc.
Stock exchange listing: Tokyo
Stock code:

4382

Representative:
Inquiries:

Representative Director and CEO
Director and CFO

URLhttps://www.heroz.co.jp
Takahiro Hayashi
Daisuke AsaharaTEL

Scheduled date to file Quarterly Securities Report:

September 10, 2019

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:No

03(6435)2495(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended July 31, 2019 (from May 1, 2019 to July 31, 2019)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales

EBITDA

Millions of yen%Three months ended July 31, 2019376
26.8
Three months ended July 31, 2018
296–
※EBITDA = Operating Profit + Depreciation + Amortization

Millions of yen

126
108

Earnings per share

Operating profit% Millions of yen
17.2
111
–
104

% Millions of yen
6.7
109
–
104

Profit% Millions of yen
5.0
75
–
71%
4.6
–

Diluted earnings per share

Yen
10.79
10.73

Three months ended July 31, 2019
Three months ended July 31, 2018

Ordinary profit

Yen
10.40
9.97

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
2,209
2,157

As of July 31, 2019
As of April 30, 2019

Equity ratio

Millions of yen
2,058
1,979%
93.2
91.7

2. Cash dividends
Annual dividends per share

Year ended April 30, 2019Year ending April 30, 2020

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

–

0.00

0.00

Year ending April 30, 2020 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending April 30, 2020 (from May 1, 2019 to April 30, 2020)
Percentages indicate year-on-year changesNet sales

Full year

Millions of yen
1,630

Operating profit% Millions of yen
18.3
520

Ordinary profit% Millions of yen
23.7
510

1Profit% Millions of yen
22.9
350

Earnings per share%
18.0

Yen
50.11

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: 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:

NoNo

Changes in accounting estimates:

No

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 July 31, 2019

6,987,314 shares As of April 30, 2019

6,972,314 shares– shares As of April 30, 2019– shares

Number of treasury shares at the end of the period
As of July 31, 2019

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended July 31, 2019

6,976,716 shares Three months ended July 31, 2018

26,706,918 shares