February 4, 2021

Consolidated Financial Results(Japanese Accounting Standards)
for the 3rd Quarter of FY 2020
UNITED, Inc.
Tokyo Stock Exchange
2497
https://united.jp/
Tomonori Hayakawa, CEO
Yuji Yamashita, Executive Officer and General Manager of Corporate Administration Division
Tel. +81-3-6821-0000
Scheduled date for filing of quarterly securities report:
February 4, 2021
Scheduled date of commencement of dividend payment:
Supplementary documents for quarterly results:
Yes
Quarterly results briefing:
Yes(For securities analysts and institutional investors)
Company name:
Stock exchange listing:Stock code:URL:
Representative:
Contact:(Amounts of less than one million yen are rounded down)
1.Financial Highlights(1) Results of Operations(Percentages are shown as year-on-year changes)
Net sales

3rd Quarter of FY 2020
3rd Quarter of FY 2019
(Note) Comprehensive income :3rd Quarter of FY 2020
3rd Quarter of FY 2019

Operating income

Ordinary income

Net income attributable toowners of the parentMil.¥
13,85915,984%
Mil.¥%
Mil.¥
%
5,693
74.2
5,777
79.2
△13.3
3,267
3,223
△30.3
△71.0
△71.3
9,151 million yen ( - %) for the 3rd Quarter of FY 2020
△10,151 million yen ( - %) for the 3rd Quarter of FY 2019
Net income
Net income
per share (diluted)
per share (basic)
YenYen172.75―17.87―

Mil.¥
3,850402%
857.1△94.5(2) Financial Position
Total assets

Net assets

Equity ratio

Mil.¥
Mil.¥
%
3rd Quarter of FY 2020
45,14534,56676.0(As of December 31, 2020)
Fiscal Year 201933,592
26,532
78.3(As of March 31,2020)(Reference) Shareholder's Equity : December 31, 2020 : 34,330 million yen
March 31, 2020 : 26,313 million yen
2.Dividend Per ShareEnd of 1st End of 2nd End of 3rdquarter
quarterquarter
Yen
Yen
Yen―
11.00
――
15.00
―

Year-end

AnnualYen
Yen
Fiscal Year 2019
2.00
13.00
Fiscal Year 2020
Fiscal Year 2020 (expected)――(Note) Revisions to dividend forecasts published most recently : None
The forecasted dividend amounts for the fiscal year ending March 31, 2021 are not determined at the present moment.

3.Forecasts of consolidated results of operations for FY2020
Net sales％

Mil.¥
Fiscal Year 2020

16,300Operating income△22.1％

Mil.¥5,300

3.9(Percentages show year-on-year changes)
Profit attributable toOrdinary income
owners of parentMil.¥％Mil.¥％
5,300(Note) Revisions of the forecasts of consolidated results since the latest announcement : None

3.7

3,600156.4

*Notes(1) Significant changes in scope of consolidation during the period (Changes in scope of consolidation of specified subsidiaries) : None
(2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statement : None
(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies caused by revision of accounting standards:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:

None
None
None
None

(4) Number of shares outstanding (common shares):(i) Number of shares outstanding at end of period (including treasury shares)
As of December 31, 2020:
23,671,845 shares
As of March 31, 2020:
23,671,845 shares(ii) Number of treasury shares at end of period
As of December 31, 2020:
1,823,066 shares
As of March 31, 2020:
1,323,045 shares(iii) Average number of shares outstanding during the term
3rd Quarter of FY 2020:
22,290,592 shares
3rd Quarter of FY 2019:22,509,714 shares*Status of a quarterly review- Quarterly consolidated financial results are not subject to a quarterly review by certified public accountants or audit corporations*Explanations and other special notes concerning the appropriate use of business results forecasts- The video of the financial results briefing for the 3rd Quarter of FY2020 will be delivered to institutional investors and analysts
via our website. The materials used in this video will be available on our website.

for the 3rd Quarter of FY 2020
(1) UNITED Consolidated Balance Sheets
for the 3rd Quarter of FY 2020
Items of an account

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Operational investment securities
Inventories
Derivatives
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Income taxes payable
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Deferred tax liability
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedgesForeign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
Total liabilities and net assets(Unit : Thousands of Yen)FY2019(As of March 31, 2020)

3rd Quarter of FY2020(As of December 31, 2020)

AmountAmount8,381,660
1,693,870
20,992,218
38,31642,251
860,153(8,069)32,000,401

13,403,596
1,126,225
28,773,134
44,645431,514339,105

114,881
361,384
476,266
684,064
1,591,845
33,592,246

28,720236,932
265,652
710,241
1,314,999
45,145,312

855,717
100,000
50,00071,040150,418
5,063
892,096
2,124,336

709,189
100,000
76,9601,466,149
2,937
800,9173,156,154

175,000
178,340
4,582,458
4,935,798
7,060,134

125,060
7,298,022
7,423,082
10,579,237

2,923,019
2,332,513
11,259,492(1,884,315)
14,630,709

2,923,019
2,332,513
14,730,239(2,638,347)
17,347,424

11,662,068
29,314(8,368)
11,683,014
218,388
26,532,112
33,592,246

16,991,288

485,232(2,520)43,830,313--(7,857)
16,983,430
235,219
34,566,075
45,145,312

(2) UNITED Consolidated Statements of Income
for the 3rd Quarter of FY 2020
Items of an accountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest and dividend income
Gain on forfeiture of unclaimed dividends
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses
Commission expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on reversal of share acquisition rights
Gain on sales of shares of subsidiaries and associates
Gain on sale of businesses
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Office transfer expenses
Loss on liquidation of business
Loss on sales of shares of subsidiaries and associates
Loss on liquidation of subsidiaries and associates
Loss on valuation of investment securities
Burden charge payment
Other
Total extraordinary losses
Income before income tax
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent

3rd Quarter of FY2019(April 1, 2019
to December 31, 2019)(Unit : Thousands of Yen)
3rd Quarter of FY2020(April 1, 2020
to December 31, 2020)

AmountAmount15,984,974
8,907,412
7,077,561
3,810,157
3,267,403

13,859,172
5,874,734
7,984,437
2,291,350
5,693,087

206
7,209
7,416

57
76,56415,85092,472

3,606
19,42013,111
9,401
5,688
51,2293,223,590

2,282
2,382
2,166
903
7,734
5,777,825

1,818
75,52010,0002,000
89,338

11,9787,000
18,978613
2,873,120
45,262300,775
70,697
19,65548,284
5,096
3,363,505(50,576)
92,114(537,495)(445,381)
394,804(7,542)
402,347

3,592
50,396
116,874
6,138
177,0025,619,801
1,441,767
327,357
1,769,124
3,850,676
3,850,676

(3) UNITED Consolidated Statements of Comprehensive Income
for the 3rd Quarter of FY 2020
Items of an accountNet income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

3rd Quarter of FY2019(April 1, 2019
to December 31, 2019)(Unit : Thousands of Yen)
3rd Quarter of FY2020(April 1, 2020
to December 31, 2020)

AmountAmount394,804

3,850,676(10,543,123)(3,638)(10,546,761)(10,151,956)

5,353,205(29,314)510(23,985)
5,300,416
9,151,092(10,144,413)(7,542)

9,151,092-