For the Fiscal Year Ended March 31, 2020

Annual Select® 2020

G-7 HOLDINGS Inc.
1-6, Yasakadai 3-chome, Suma-ku, Kobe-shi, Hyogo(Securities Code: 7508)+81-78-797-7700

Corporate Profile
The G-7 Group has achieved strong and steady growth of its Store Franchising Business, which initially centered on
franchise stores under the worldwide AUTOBACS brand of auto parts and accessories, and then made rapid progress withthe development of Business Supermarkets.
Today, the G-7 Group operates 75 AUTOBACS stores in and outside Japan and 145 Gyomu Supers, making it the largest
affiliated franchisee for both chains.
The G-7 Group has expanded to a wide range of businesses including the AUTOBACS/Car related Business, the Gyomu
Super/Quality Food Business, the Motorcycle Parts and Accessories Business, the Agricultural Business, and Overseas
Business.
In order to be a company that is worthy of the continued support of customers and shareholders, we will remain aggressive
about entering new markets as we endeavor to sustain growth over the long term.
We have formulated a new mid-term management plan with the term ending March 2021, the 45th anniversary of ourestablishment, as its final year, in which consolidated net sales of 170 billion yen and ordinary profit of 7 billion yen havebeen set as our numerical goals. To achieve this target, the G-7 Group has been opening new stores when the timing is rightand engaging in M&A opportunities. Going forward, we will continue to take on challenges geared toward attaining further
growth, through initiatives that include expanding sales channels by making the most of Group synergies and ramping up
store openings in Southeast Asia.

AUTOBACS Klan Sentral, Malaysia

Gyomu Super Shin-tatsuno

I. Summary of Selected Financial Data (Consolidated)

Net sales(Millions of yen)(Thousands of U.S. dollars)

Ordinary profit(Millions of yen)(Thousands of U.S. dollars)Profit attributable to ownersof parent(Millions of yen)(Thousands of U.S. dollars)

Comprehensive income(Millions of yen)(Thousands of U.S. dollars)

Net assets(Millions of yen)(Thousands of U.S. dollars)

Total assets(Millions of yen)(Thousands of U.S. dollars)

Net assets per share(Yen)(U.S. dollars)

Basic earnings per share(Yen)(U.S. dollars)

Diluted earnings per share(Yen)(U.S. dollars)

Equity ratio(%)

Return on equity (ROE)(%)

Price earnings ratio (PER)(Times)Net cash provided by (used in)operating activities(Millions of yen)(Thousands of U.S. dollars)

Net cash provided by (used in)investing activities(Millions of yen)(Thousands of U.S. dollars)

Net cash provided by (used in)financing activities(Millions of yen)(Thousands of U.S. dollars)

Cash and cash equivalents at
end of period(Millions of yen)(Thousands of U.S. dollars)

Number of employees[Separately, average numberof temporary employees]

41st term

42nd term

43rd term

44th term

45th term

Fiscal year ended
March 31, 2016

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 2018

Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

¥103,895¥110,377¥119,816¥122,502¥132,642$1,219,808

3,220

4,062

4,568

5,019

5,995

55,131

1,867

2,080

2,648

3,041

3,523

32,398

1,942

2,174

2,761

2,935

3,559

32,72914,183

15,65817,732

19,50222,018202,482

36,154

37,61841,594

44,69147,886440,371

1,137.86

1,267.83

1,433.92

803.76907.348.34

153.95171.76218.73125.56145.46

1.33

–

–

–

–

–

–

38.1

40.8

41.7

43.6

45.9

14.26

14.28

16.19

16.51

17.00

8.33

14.65

11.27

9.29

15.95

3,885

3,685

5,204

5,740

5,057

46,505(1,296)(1,884)(1,678)(1,700)(2,615)(24,048)(1,293)(638)(1,638)

(803)

(506)

(4,653)

8,242

9,395

11,27914,51816,465

151,416

1,653[2,873]

1,677[3,145]

1,698[3,393]

1,659[3,471]

1,737[3,713](Persons)

Notes: 1.
2.
3.
4.

U.S. dollar amounts are the yen equivalent, calculated for convenience only, at a rate of ¥108.74 = U.S. $1.
Net sales do not include consumption taxes.
Diluted earnings per share is not provided since there are no potential shares.
The Company conducted a 2-for-1 stock split for common stock with an effective date of January 1, 2020. The stated net assets
per share and basic earnings per share have been calculated on the assumption that this stock split was conducted at the
beginning of the 44th term.

-1-II. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of
U.S. dollars)*(Millions of yen)
As ofMarch 31, 2019

As ofMarch 31, 2020

As ofMarch 31, 2020

14,518
2,773
5,767
1,521
(5)
24,575

16,465
3,195
5,602
1,788
(11)
27,040151,416
29,38251,517
16,442(101)
248,666

19,462(12,704)
6,758
1,494
(1,085)
409
5,015
1
4,876
(3,768)
1,108
13,293

19,836(13,380)
6,456
1,495
(1,060)
435
5,015
328
5,150
(4,109)1,041
13,276

182,416(123,045)
59,37013,748(9,748)4,000
46,1193,016
47,360(37,787)
9,573
122,089

150
263
414

67
339
407

616
3,117
3,742

510
3,960
1,707
759
(530)
6,408
20,11544,691

620
4,421
1,870
546
(296)
7,162
20,84647,886

5,701
40,656
17,196
5,021(2,722)
65,863
191,704
440,371

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Leasehold and guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets* Please refer to the note 1 on page 1.

-2-

(Thousands of
U.S. dollars)*(Millions of yen)
As ofMarch 31, 2019

As ofMarch 31, 2020

As ofMarch 31, 2020

6,131
7,456
1,317
866
24
3,738
19,534

6,742
8,006
433
1,055
–
3,925
20,16362,001
73,625
3,981
9,702
–
36,095
185,423

1,348
42

1,342
42

12,341
386

731

731

6,722

1,736
615
1,181
5,654
25,188

1,766
712
1,110
5,705
25,86816,240
6,547
10,20752,464
237,888

1,785
2,905
16,137(725)
20,102

1,785
2,905
18,616(725)
22,582

16,41526,715
171,197(6,667)
207,669

10

93

855

(514)
(142)
11
(634)
34
19,502
44,691

(514)
(164)
(20)
(605)
41
22,01847,886(4,726)(1,508)(183)(5,563)377
202,482
440,371

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors(and other officers)
Asset retirement obligations
Retirement benefit liability
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
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets* Please refer to the note 1 on page 1.

-3-

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Commission income
Sponsorship money income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on disposal of non-current assets
Foreign exchange losses
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on reversal of asset retirement obligations
Insurance claim income
Total extraordinary income
Extraordinary losses
Loss on store closings
Loss on valuation of investment securities
Impairment loss
Loss on disaster
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent* Please refer to the note 1 on page 1.

-4-

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2020

122,50290,26832,233
27,216
5,017

132,642
98,411
34,231
28,447
5,783

1,219,808
905,011314,796
261,605
53,181

14
7
173
130
78
405

4
4
168
143
78
399

36
36
1,544
1,315
717
3,669

70
56
58
189
28
403
5,019

29
37
9
80
30
186
5,995

266
340
82
735
275
1,710
55,131

164
–
148
313

–
56
34
91

–
514
312
836

48
55
261
69
435
4,897
1,918
(123)
1,795
3,101
60
3,041

25
211
519
22
779
5,307
1,962
(185)
1,777
3,529
6
3,523

229
1,940
4,772
202
7,163
48,80418,043(1,701)
16,34132,45355
32,398(Consolidated Statements of Comprehensive Income)(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2019
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable tonon-controlling interests* Please refer to the note 1 on page 1.

-5-

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2020

3,101

3,529

32,453

(178)
(29)
41
(166)
2,935

82
(21)
(31)
29
3,559

754
(193)
(285)
266
32,729

2,875

3,552

32,66560

655

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2019
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

1,785

2,757

Retained earnings

Treasury shares

14,016

Total shareholders’equity(725)

17,834

Changes during period
Dividends of surplus

(920)

(920)

Profit attributable to ownersof parent

3,041

3,041

Change in ownershipinterest of parent due totransactions with
non-controlling interests

147

(0)

147

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

147

2,120

(0)

2,268

1,785

2,905

16,137(725)

20,102

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

188

(514)

(113)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
(29)

(468)

367

Total net
assets17,732

Changes during period
Dividends of surplus(920)

Profit attributable to ownersof parent

3,041

Change in ownershipinterest of parent due totransactions with
non-controlling interests

(392)

(245)

Purchase of treasury shares
Net changes in items otherthan shareholders’ equity

(178)

–

(29)

41

(166)

60

(105)

Total changes during period

(178)

–

(29)

41

(166)

(332)

1,769

Balance at end of period

10

(514)

(142)

11

(634)

34

19,502-6-

Fiscal year ended March 31, 2020
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

1,785

2,905

Retained earnings

Treasury shares

16,137

Total shareholders’equity(725)

20,102

Changes during period
Dividends of surplus(1,041)(1,041)

Profit attributable to ownersof parent

3,523

3,523

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

(0)

(2)

(2)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

2,479

(0)

2,479

1,785

2,905

18,616(725)

22,582

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale securities

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

10

(514)

(142)

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income
11

(634)

34

Total net
assets

19,502

Changes during period
Dividends of surplus(1,041)

Profit attributable to ownersof parent

3,523

Purchase of treasury shares(0)Change in scope of
consolidation(2)

Net changes in items otherthan shareholders’ equity

82

–

(21)

(31)

29

6

35

Total changes during period

82

–

(21)

(31)

29

6

2,515

Balance at end of period

93

(514)

(164)

(20)

(605)

41

22,018-7-

Fiscal year ended March 31, 2020
(Thousands of U.S. dollars)*Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

16,41526,715Retained earnings

Treasury shares

148,399

Total shareholders’equity(6,667)

184,862

Changes during period
Dividends of surplus(9,573)(9,573)

Profit attributable to ownersof parent

32,39832,398Purchase of treasury shares(0)Change in scope of
consolidation

(0)

(18)

(18)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period––

22,797(0)

22,797

16,41526,715

171,197(6,667)

207,669

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities

Revaluation
reserve for land

Foreigncurrencytranslation
adjustment

91(4,726)(1,305)

Balance at beginning of period

Total
Non-controlling
Remeasurements accumulated
interestsof definedotherbenefit planscomprehensive
income101(5,830)312

Total net
assets179,345

Changes during period
Dividends of surplus(9,573)

Profit attributable to ownersof parent

32,398Purchase of treasury shares(0)Change in scope of
consolidation(18)

Net changes in items otherthan shareholders’ equity

754

–

(193)

(285)

266

55

321

Total changes during period

754

–

(193)

(285)

266

55

23,128

Balance at end of period

855(4,726)(1,508)(183)(5,563)377

202,482* Please refer to the note 1 on page 1.

-8-

(4) Consolidated Statements of Cash Flows(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2019
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Impairment loss
Increase (decrease) in allowance for doubtful
accounts
Loss on store closings
Loss on disaster
Insurance claim income
Gain on reversal of asset retirement obligations
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for point cardcertificates
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss on retirement of property, plant and equipment
Loss (gain) on sales of property, plant and equipment
Loss (gain) on valuation of investment securities
Decrease (increase) in guarantee deposits
Foreign exchange losses (gains)
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Proceeds from insurance income
Income taxes paid
Net cash provided by (used in) operating activities* Please refer to the note 1 on page 1.

-9-

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2020

4,897
1,673
46
261

5,307
1,539
48
519

48,804
14,153
441
4,772

67

(228)

(2,096)

48
69
(148)
–
190

25
22
(34)
(56)
188

229
202
(312)
(514)
1,728

(119)

(24)

(220)

11
(22)
70
56
(164)
55
(23)
58
(57)
48
(159)
(24)
12
215
(10)
7,052
22
(64)
75
(1,345)
5,740

96
(8)
29
37
(6)
211
(111)
9
(407)
162
335
601
27
140
150
8,574
8
(26)
34
(3,534)
5,057

882
(73)
266
340
(55)
1,940
(1,020)82(3,742)
1,489
3,080
5,526
248
1,287
1,379
78,84873(239)
312(32,499)
46,505(Thousands of
U.S. dollars)*(Millions of yen)
Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2020

(1,384)(1,808)(16,626)

407

6

55

(351)
(157)
–
–

(252)
–
27
1

(2,317)
–
248
9

20

–

–

(294)
282
(170)

(28)
4
(435)

(257)
36
(4,000)

93

43

395

43
(190)
(1,700)15(189)(2,615)137(1,738)(24,048)

1,875
1,357
(2,861)

1,250
–
(706)

11,495–(6,492)

(245)

–

–

–
(918)
(11)
(803)

(0)
(1,039)
(11)
(506)

(0)
(9,554)(101)(4,653)

4

(1)

(9)

3,239
11,2791,933
14,518

17,776
133,511

–

12

110

14,51816,465

151,416

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Purchase of investment securities
Purchase of shares of subsidiaries
Proceeds from liquidation of subsidiaries
Proceeds from sales of investment securities
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Loan advances
Collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Guarantee deposits received
Other payments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Payments from changes in ownership interests in
subsidiaries that do not result in change in scope of
consolidation
Purchase of treasury shares
Dividends paid
Other payments
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 from
inclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period* Please refer to the note 1 on page 1.

- 10 -

III. Corporate Data
Basic Information (as of March 31, 2020)
Trade name:
Established:
Listed market:
Listed:Business year:
Paid–in capital:
Number of employees:
Head office:Telephone:G-7 HOLDINGS Inc.
June 18, 1976
The First Section of Tokyo Stock Exchange(Securities Code: 7508)
August 22, 1996
From April 1 to March 31 of the following year
1,785 million yen
1,737 (Consolidated; excluding temporary employees)
1-6, Yasakadai 3-chome, Suma-ku, Kobe-shi, Hyogo+81-78-797-7700

Group Companies (as of June 26, 2020)
G-7 AUTO SERVICE CO., LTD.
G7 RETAIL JAPAN CO., LTD.
G-7 SUPER MART CO., LTD.
G-7 BIKE WORLD CO., LTD.
G7 AGRI JAPAN CO., LTD.
G7 JAPAN FOOD SERVICE CO., LTD.
G-7 MEAT TERABAYASHI CO., LTD.
99 ICHIBA CO., LTD.
TENPO SYSTEM E. C. CO., LTD.
G7 RETAIL MALAYSIA SDN. BHD.
G7 (THAILAND) CO., LTD.
G-7. CrownTrading CO., LTD.
G7 TAIWAN CO., LTD.

- 11 -

Directors and Corporate Auditors (as of June 26, 2020)
Founder and Chairman Emeritus
Chairman and
Representative Director and CEO
President and Representative Director
Director
Director
Director
Director
Director*
Director*
Director*
Corporate Auditor (Full-time)
Corporate Auditor**
Corporate Auditor*** Outside Director

Mamoru Kinoshita
Tatsumi Kaneda
Norio Kinoshita
Yasumasa Kishimoto
Yukitoshi Matsuda
Daisaku Seki
Isao Tamaki
Mitsuru Sakamoto
Yukihiro Shida
Yugo Ito
Taizo Yoshida
Teiji Joko
Hiroki Nishii** Outside Corporate Auditor

Note: The Company designated Mr. Mitsuru Sakamoto, Mr. Yukihiro Shida, Mr. Yugo Ito, Mr. Teiji Joko, and Mr. Hiroki
Nishii as Independent Directors/Auditors stipulated by Tokyo Stock Exchange, Inc. and reported them to the Exchange.

Stock Status (as of March 31, 2020)
Total number of shares authorized:
Total number of shares issued:
Number of shareholders:Major shareholders (Top 10)

104,000,000 shares
26,672,800 shares
4,650

Number of shares held(Thousands)
Norio Kinoshita
3,659
Chinami Seki
2,258
K-1 Global Network Co., Ltd.
2,189
Mamoru Kinoshita
1,830
G-7 Scholarship Foundation
1,830
Yoko Kinoshita
1,652Japan Trustee Services Bank, Ltd. (Trust Account)
976
Autobacs Seven Co., Ltd.
674
The Master Trust Bank of Japan, Ltd. (Trust Account)591
Japan Trustee Services Bank, Ltd. (Trust Account 5)
236
Shareholder nameShare-holding ratio
(%)
15.11
9.32
9.03
7.55
7.55
6.82
4.03
2.78
2.44
0.97

Notes:
1. G-7 HOLDINGS Inc. holds 2,451,526 treasury shares, which are not included in the above table.
2. The number of shares held is rounded down to units of one thousand.
3. Share-holding ratio is calculated excluding treasury shares.
4. The share-holding ratios are rounded down to the second decimal place.

* Annual Select is an English–language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese–language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

- 12 -