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 Year Ended April 30, 2021
(Based on Japanese GAAP)
June 11, 2021
Company name:
HEROZ, Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

4382
URL https://www.heroz.co.jp
Representative Director and CEO
Takahiro Hayashi

Inquiries:
Director and CFO
Scheduled date of ordinary general meeting of shareholders:

Daisuke Asahara
July 29, 2021

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

July 30, 2021–

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

Yes
Yes

TEL

03(6435)2495(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended April 30, 2021 (from May 1, 2020 to April 30, 2021)(1) Non-consolidated operating results

Percentages indicate year-on-year changes
Net sales

EBITDA

Operating profit

Ordinary profit

Profit% Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended April 30, 2021
1,556
0.8
366 (30.0)
294 (35.9)285 (29.4)
207 (18.9)
Year ended April 30, 2020
1,544 12.1
523 11.2459
9.2404 (2.5)
255 (13.9)※EBITDA = Operating Profit + Depreciation + Amortization
Millions of yen

Diluted earnings pershare
Yen
Yen
13.85
13.67
17.84
17.35

Earnings per share
Year ended April 30, 2021
Year ended April 30, 2020

Profit/equityOrdinary profit/total Operating profit/net
assetssales%%%
3.3
4.4
18.9
6.3
9.4
29.7

(2) Non-consolidated financial position
Total assets
As of April 30, 2021
As of April 30, 2020

Net assets

Equity ratio

Millions of yen
6,546
6,408

Millions of yen
6,403
6,182

Cash flows fromoperating activities
Millions of yen
360
243

Cash flows frominvesting activities
Millions of yen
(384)
(78)

Net assets per share%
97.8
96.5

Yen
426.13414.46(3) Non-consolidated cash flows

Year ended April 30, 2021
Year ended April 30, 2020Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
15
5,554
3,903
5,562

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

Year ended April 30, 2020
Year ended April 30, 2021
Year ending April 30, 2022
(Forecast)

Total

Total cash
dividends (Total)

Dividend payout
ratio (Nonconsolidated)

Ratio of dividends
to net assets (Nonconsolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen%%––0.00
0.00––

0.00
0.00

0.00
0.00

––––––

–

0.00

–

0.00

0.00

1

–

3. Forecast of non-consolidated financial results for the year ending April 30, 2022 (from May 1, 2021 to April 30, 2022)
Percentages indicate year-on-year changes
Net sales

Full year

Millions of yen
1,700

Operating profit% Millions of yen–
100Ordinary profit% Millions of yen–90Profit% Millions of yen–63

Earnings per share%–Yen
4.19

4. Notes(1) 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:
Restatement of prior period financial statements:

NoNo(2) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of April 30, 2021

15,025,582 shares As of April 30, 2020

14,917,428 shares

Number of treasury shares at the end of the period
As of April 30, 2021

– shares As of April 30, 2020

– sharesAverage number of shares during the period
Year ended April 30, 2021

14,952,715 shares Year ended April 30, 2020

214,316,019 shares