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 Six Months Ended January 31, 2021
(Based on Japanese GAAP)
March 11, 2021
Company name:
SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9262
URL
President, CEO

https://www.silver-life.co.jp/Takahisa Shimizu

Inquiries:
Coporate Planning Division ManagerScheduled date to file Quarterly Securities Report:

Reiko Saito
March 12, 2021

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

Holding of quarterly financial results meeting:

Yes

TEL

(03)6300-5629(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the six months ended January 31, 2021 (from August 1, 2020 to January 31, 2021)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Six months ended January 31, 2021
Six months ended January 31, 2020

Millions of yen
4,888
4,212

Operating profit% Millions of yen
16.1
611
11.1
411

Earnings per share

Ordinary profit% Millions of yen
48.6
671
(5.0)
486

% Millions of yen
38.2
417
(0.2)
302

%
38.3
0.7

Diluted earnings per share

Yen
39.04
28.45

Six months ended January 31, 2021
Six months ended January 31, 2020

Profit

Yen
38.15
27.57

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
7,161
5,613

As of January 31, 2021
As of July 31, 2020

Equity ratio

Millions of yen
4,787
4,364%
66.9
77.7

2. Cash dividends
Annual dividends per share

Year ended July 31, 2020
Year ending July 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen–

Yen
0.00

Yen
0.00

–

0.00

0.00

Year ending July 31, 2021 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2021 (from August 1, 2020 to July 31, 2021)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
9,530

Operating profit% Millions of yen
7.9650Ordinary profit% Millions of yen(30.4)
770

1Profit% Millions of yen(29.1)
460

Earnings per share%(32.2)

Yen
42.92

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
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

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 January 31, 2021

10,717,200 shares As of July 31, 2020

10,688,800 shares

Number of treasury shares at the end of the period
As of January 31, 2021

371 shares As of July 31, 2020

294 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended January 31, 2021

10,700,815 shares Six months ended January 31, 2020

2

10,616,106 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2020

As of January 31, 2021

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

1,847,192
870,406

1,328,402
823,906

Merchandise and finished goods
Raw materials and supplies

63,166
15,563

139,560
19,534

Other
Allowance for doubtful accounts

312,940(29,913)384,052(32,995)

3,079,355

2,662,459Buildings, net
Machinery and equipment, net

644,716
303,509

831,531
283,189

Construction in progress
Other, net

839,688359,233

2,500,030
446,546

2,147,148

4,061,296

262,420

297,757

Other
Allowance for doubtful accounts

137,136(12,115)

149,523(9,814)

Total investments and other assets

125,021

139,7092,534,590

4,498,763

5,613,946

7,161,223

Current liabilities
Accounts payable - trade539,806

494,439

Accounts payable - other
Income taxes payable

277,115228,017

1,433,017
261,827

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities

Other
Total current liabilities

44,84922,215

1,089,788

2,211,499

159,761

162,175

Non-current liabilities
Other
Total non-current liabilities

159,761

162,175

1,249,550

2,373,674

Share capital
Capital surplus

716,103706,103

718,863
708,863

Retained earnings
Treasury shares

2,942,871(682)

3,360,670(849)

Total shareholders' equity

4,364,396

4,787,548

4,364,396

4,787,548

5,613,946

7,161,223

Total liabilities
Net assets
Shareholders' equity

Total net assets
Total liabilities and net assets

3Non-consolidated statements of income (cumulative)(Thousands of yen)Six months ended

Six months ended

January 31, 2020

January 31, 2021

Net sales
Cost of sales

4,212,111
2,986,054

4,888,371
3,428,618

Gross profit

1,226,057

1,459,752

Selling, general and administrative expenses

814,201

847,904

Operating profit

411,855

611,848

Interest income
Compensation income

4,913
63,984

5,39845,070

Other

18,162

19,932

Total non-operating income

87,06070,401

Rental expenses
Bad debts expenses

9,616
131

8,347
–

Provision of allowance for doubtful accounts
Other

2,966
87

1,971
38

Total non-operating expenses

12,802

10,356486,113

671,892

–
2,114

4,055
0

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets

2,114

4,055

Profit before income taxes

Total extraordinary losses

483,999

667,836

Income taxes - current
Income taxes - deferred

180,639
1,325

246,695
3,341

Total income taxes

181,965

250,036

Profit302,034

417,7994

Non-consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

January 31, 2020

January 31, 2021

483,999

667,836

Depreciation
Increase (decrease) in allowance for doubtful accounts

80,6285,264

88,273781

Interest and dividend income
Loss (gain) on sales of property, plant and equipment(4,913)–(5,398)
4,055

Loss on retirement of property, plant and equipment
Decrease (increase) in trade receivables

2,114
42,321

046,500

Decrease (increase) in inventories
Increase (decrease) in trade payables(15,282)(51,227)(80,365)(45,366)

Increase (decrease) in accrued consumption taxes
Other, net(52,292)(18,969)

79,707(70,299)

Subtotal

471,641

685,726

Interest and dividends received
Income taxes paid

4,913
(243,650)

5,398(214,071)

Net cash provided by (used in) operating activities

232,905

477,053

Cash flows from investing activities
Purchase of property, plant and equipment(683,496)(909,733)

Proceeds from sales of property, plant and equipment
Purchase of intangible assets–(66,462)5,443(88,489)

Loan advances
Collection of loans receivable(9,932)
5,975(20,665)
8,056

Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee deposits(13,601)
295

(98)
131

Refund of guarantee deposits received
Guarantee deposits received(2,400)17,793(860)
18,799Purchase of other investments(2,827)(2,827)(754,654)(990,242)

–
–

5,520
(167)

(1,523)(10,954)

Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from exercise of employee share options
Purchase of treasury shares
Repayments of lease obligations(1,523)(5,601)

Net increase (decrease) in cash and cash equivalents

Net cash provided by (used in) financing activities(523,272)(518,790)

Cash and cash equivalents at beginning of period

2,260,473

1,847,192

Cash and cash equivalents at end of period

1,737,201

1,328,402

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