Cyberlinks : Consolidated Financial Results for the six months ended June 30, 2021

August 12, 2021

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(for institutional investors and analysts)

Consolidated Financial Results for the six months ended June 30, 2021

[Japanese GAAP]

August 12, 2021

Company name:	CYBERLINKS CO., LTD.
Listing:	Tokyo Stock Exchange, First Section
Code number:	3683
URL:	https://www.cyber-l.co.jp/
Representative:	Tsuneo Murakami
	President
Contact:	Takayuki Torii, General Administration Manager
	E-mail:[e-mail]

Scheduled date of filing of Quarterly Report:

Scheduled date of dividend payment

Preparation of supplementary materials for quarterly financial results:

Holding of quarterly financial results meeting:

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Six Months Ended June 30, 2021（January 1, 2021 to June 30, 2021）

(1) Consolidated Operating Results (cumulative)

(Percentages indicate rates of year-on-year change)

	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Six months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
June 30, 2021	6,862		7.3	578	21.8	583	19.6	406	23.4
June 30, 2020	6,393		－	475	－	487	－	328	－

(Note) Comprehensive income: For the six months ended June 30, 2021: ¥406 million (up 23.4% year on year) For the six months ended June 30, 2020: ¥328 million(－%)

	Basic earnings	Diluted earnings
	per share	per share
Six months ended	Yen	Yen
June 30, 2021	39.24	38.16
June 30, 2020	31.84	31.51

(Note) YoY changes versus the first half of the fiscal year ending December 31, 2020 are not shown as the Company started preparing consolidated financial statements from the end of the fiscal year ending December 31, 2019.

(Note) The Company conducted a 2-for-1 stock split of common stock on January 1, 2021. Basic earnings per share and diluted earnings per share are calculated based on the assumption that the stock split was conducted at the beginning of the previous fiscal year.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio
	Million yen	Million yen	%
As of June 30, 2021	9,450	5,311	55.4
As of December 31, 2020	10,053	5,047	49.5

(Reference) Shareholders' equity: As of June 30, 2021: ¥5,232 million

As of December 31, 2020: ¥4,978 million

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2. Dividends

				Annual dividends
	1st		2nd	3rd		Year-end		Total
	quarter-end		quarter-end	quarter-end
	Yen		Yen	Yen		Yen		Yen
Fiscal year ended	－	0.00	－		20.00	20.00
December 31, 2020
Fiscal year ending	－	0.00
December 31, 2021
December 31, 2021				－		10.00	10.00
(Forecast)

(Note) Changes in dividend forecast from the most recent announcement: None

(Note) The Company conducted a 2-for-1 stock split of common stock on January 1, 2021, and the actual dividend amount prior to the stock split is shown for the fiscal year ended December 31, 2020.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2021 (January 1, 2021 to December 31, 2021)

(Percentages indicate rates of year-on-year change)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full-year	13,341		4.4	791	(14.5)	824	(13.4)	556	(13.8)	53.85

(Note) Changes in financial results forecast from the most recent announcement: None

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Notes:

1. Changes in specific subsidiaries during the period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
2. Application of special accounting treatment in preparing the quarterly financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: None
   2. Changes in accounting policies other than 1): None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
5. Total number of issued shares (common stock)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2021: 10,439,772 shares

December 31, 2020: 10,342,772 shares

1. Total number of treasury shares at the end of the period: June 30, 2021: 81,520 shares
   December 31, 2020: 19,120 shares
2. Average number of shares outstanding during the period: Six months ended June 30, 2021: 10,345,426 shares Six months ended June 30, 2020: 10,330,399 shares

(Note) The Company conducted a 2-for-1 stock split of common stock on January 1, 2021. The total number of issued shares at the end of the period (including treasury shares), the total number of treasury shares at the end of the period, and the average number of outstanding shares during the period (cumulative quarterly period) are calculated on the assumption that the said stock split was conducted at the beginning of the previous fiscal year.

• The quarterly financial statements are outside the scope of quarterly reviews by certified public accountants and auditing firms.
• Explanation of the proper use of financial results forecast and other notes

Disclaimer regarding forward-looking statements

The forward-looking statements, including financial results forecasts, contained in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable.

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Quarterly Consolidated Financial Statements and Primary Notes

(1) Consolidated Balance Sheet

			(Thousands of yen)
		As of December 31, 2020	As of June 30, 2021
Assets
	Current assets
	Cash and deposits	1,863,331	3,067,391
	Notes and accounts receivable - trade	2,935,110	1,665,523
	Lease receivables and investments in leases	411,407	354,142
	Merchandise and finished goods	134,624	143,738
	Work in process	649,241	410,325
	Raw materials and supplies	4,254	16,354
	Other	415,724	189,519
	Allowance for doubtful accounts	(2,456)	(752)
	Total current assets	6,411,237	5,846,244
	Non-current assets
	Property, plant and equipment
	Buildings and structures	2,209,916	2,230,176
	Accumulated depreciation	(1,466,444)	(1,498,514)
	Buildings and structures, net	743,472	731,661
	Land	1,399,470	1,399,470
	Other	1,838,321	1,919,598
	Accumulated depreciation	(1,445,814)	(1,482,910)
	Other, net	392,506	436,687
	Total property, plant and equipment	2,535,449	2,567,820
	Intangible assets	614,619	521,074
	Investments and other assets	492,394	515,848
	Total non-current assets	3,642,463	3,604,743
	Total assets	10,053,700	9,450,987
Liabilities
	Current liabilities
	Accounts payable - trade	744,281	463,576
	Current portion of long-term borrowings	304,200	304,200
	Income taxes payable	178,841	216,452
	Provision for bonuses	38,792	40,980
	Provision for loss on order received	62,354	25,226
	Asset retirement obligations	6,223	6,225
	Other	1,347,046	886,382
	Total current liabilities	2,681,740	1,943,044
	Non-current liabilities
	Long-term borrowings	2,079,906	1,926,973
	Asset retirement obligations	31,583	31,861
	Other	212,797	237,885
	Total non-current liabilities	2,324,287	2,196,720
	Total liabilities	5,006,027	4,139,764

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		(Thousands of yen)
	As of December 31, 2020	As of June 30, 2021
Net assets
Shareholders' equity
Share capital	792,324	819,135
Capital surplus	1,244,058	1,270,869
Retained earnings	2,954,205	3,257,000
Treasury shares	(11,616)	(114,865)
Total shareholders' equity	4,978,971	5,232,140
Share acquisition rights	68,702	79,082
Total net assets	5,047,673	5,311,222
Total liabilities and net assets	10,053,700	9,450,987

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