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 Three Months Ended June 30, 2020
(Based on Japanese GAAP)
July 27, 2020
Company name:
TRANCOM CO.,LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

9058
President

URL

https://www.trancom.co.jp/ir/
Yutaka Tsunekawa

Inquiries:

Executive Officer / Finance & Accounting /Legal Affairs Group

Shinichi Kawamura

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

August 7, 2020–

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

NoNo

TEL

(052)939-2011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)(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%Three months ended June 30, 2020
35,932(8.4)
1,572(6.3)
1,538(8.0)
904 (13.1)
Three months ended June 30, 201939,240
6.4
1,678
12.0
1,671
11.9
1,041
7.5
Earnings per share

Diluted earnings per share

Yen
92.47
106.40Three months ended June 30, 2020Three months ended June 30, 2019

Yen
92.23
106.13(2) Consolidated financial position
Total assets
As of June 30, 2020
As of March 31, 2020

Net assets

Millions of yen
58,19059,545Equity ratio

Millions of yen
38,541
38,250Net assets per share
%
65.7
63.7

Yen
3,908.67
3,878.18

2. Cash dividends
Annual dividends per share

Year ended March 31, 2020
Year ending March 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
52.00

Yen–

Yen
52.00

Yen
104.00––––Year ending March 31, 2021 (Forecast)

1Total3. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2020

10,324,150 shares As of March 31, 2020

10,324,150 shares

Number of treasury shares at the end of the period
As of June 30, 2020

539,187 shares As of March 31, 2020

539,687 shares

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

9,784,632 shares Three months ended June 30, 20192

9,784,055 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2020

As of June 30, 2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

14,57525,18917,165
21,241

MerchandiseWork in process

39
120
3Supplies
Prepaid expenses

18615

17738

Other
Allowance for doubtful accounts

129(0)

126(0)40,56839,313

8,112(4,694)9,508(4,754)

Buildings and structures, net

3,418

4,753

Machinery, equipment and vehicles
Accumulated depreciation

6,193(4,687)6,240(4,735)

1,506

1,505

2,991
2,396

2,991
2,408

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation(1,540)(1,569)Leased assets, net

855

838

Construction in progress

1,671

138

Other
Accumulated depreciation

2,033
(999)

2,199
(1,091)

1,033

1,107

11,477

11,335

892
1,330

833
1,363

Software in progress
Customer Relationship

356
457

416
408

Other

162

161

3,198

3,183

Investment securities
Deferred tax assets

1,841
699

2,097
454

Guarantee depositsOther

1,566
209

1,614
207

(16)

(15)

Other, net
Total property, plant and equipment
Intangible assets
Goodwill
SoftwareTotal intangible assets
Investments and other assets

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

3

4,300

4,359

18,976

18,87759,54558,190(Millions of yen)
As of March 31, 2020

As of June 30, 2020

Liabilities
Current liabilities
Accounts payable - trade

12,5009,170

Lease obligations
Accounts payable - other447
714

456
811

Accrued expenses
Income taxes payable1,342
1,324

2,264
1,636

Accrued consumption taxes
Provision for bonuses

998
643

1,522
216

Provision for bonuses for directors (and other officers)
Other–
373

8603

18,344

16,690Total current liabilities
Non-current liabilities
Lease obligations

1,275

1,254

Deferred tax liabilities
Deferred tax liabilities for land revaluation

96
11

106
11

Provision for stocks payment
Provision for share-based remuneration for directors (and257

270

249

263

other officers)
Retirement benefit liability

106

104

Asset retirement obligations
Other576
377577369

Total non-current liabilities

2,950

2,958

21,294

19,649

Shareholders' equity
Share capital

1,080

1,080

Capital surplus
Retained earnings

1,740
36,175

1,742
36,567

Treasury shares(1,044)(1,043)

Total shareholders' equity

37,951

38,346

Valuation difference on available-for-sale securities
Revaluation reserve for land

165
26

252
26

Foreign currency translation adjustment
Remeasurements of defined benefit plans

(186)
(11)

(367)
(10)

(5)

(99)

104
199

104
190

38,25038,54159,54558,190Total liabilities
Net assetsAccumulated other comprehensive income

Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2020

Net sales

39,24035,932

Cost of sales

36,88033,634Gross profit

2,359

2,297

Selling, general and administrative expenses

681

725

1,678

1,572

88

Share of profit of entities accounted for using equity method
Foreign exchange gains

8–

104

Subsidy income
Other–
1131
8

Total non-operating income

2864

2328

Other

1068

Total non-operating expenses

3497

Operating profit
Non-operating income
Interest and dividend income

Non-operating expenses
Interest expenses

Ordinary profit

1,671

1,538

Extraordinary losses
Compensation expenses

24–

Total extraordinary losses

24–

Profit before income taxes

1,647

1,538

Income taxes - current
Income taxes - deferred

378
205

423
199

Total income taxes

583

623

1,063

915

1,041
2290410Profit
Profit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities

66

86

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

46(10)(199)
0Total other comprehensive income

102(112)Comprehensive income

1,165

802

Comprehensive income attributable toComprehensive income attributable to owners of parent

1,142

810

23(8)

Comprehensive income attributable to non-controlling interests5