DKS : Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (Under Japanese GAAP)

June 24, 2022

June 27, 2022

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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 16, 2022

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022

(Under Japanese GAAP)

Company name:	DKS Co. Ltd.
Listing:	Tokyo Stock Exchange
Security code:	4461
URL:	https://www.dks-web.co.jp
Representative:	YAMAJI Naoki, President COO
Inquiries:	SHIMIZU Shinji, Executive Officer, Administrative Supervisor
TEL:	[phone]

Scheduled date of ordinary general meeting of shareholders:

Scheduled date to commence dividend payments:

Scheduled date to file annual securities report:

Preparation of supplementary material on financial results:

Holding of financial results briefing:

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Consolidated operating results								(Percentages indicate year-on-year changes.)
		Net sales				Operating profit	Ordinary profit		Profit attributable to
						owners of parent
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen			%	Millions of yen	%
Fiscal year ended		62,672		6.0		4,626			3.1	4,192		(2.8)		2,492	(2.8)
March 31, 2022
Fiscal year ended		59,140		(3.8)		4,485			8.0	4,314		22.4		2,563	27.2
March 31, 2021
Note: Comprehensive income	Fiscal year ended March 31, 2022		¥3,697 million		[(4.3)%]
		Fiscal year ended March 31, 2021		¥3,864 million		[120.5%]
	Basic earnings per		Diluted earnings		Return on equity	Ratio of ordinary	Ratio of operating
		share			per share		profit to total	profit to net sales
									assets
Fiscal year ended			Yen				Yen				%				%		%
Fiscal year ended		244.81				-				7.0				4.9		7.4
March 31, 2022
Fiscal year ended		251.97				-				7.7				5.2		7.6
March 31, 2021
Reference: Share of profit (loss) of entities accounted for using equity method
Fiscal year ended March 31, 2022	¥55 million
Fiscal year ended March 31, 2021	¥57 million

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations have been applied from the beginning of the fiscal year ended March 31, 2022, and figures relating to the fiscal year ended March 31, 2022 are after application of said accounting standard and relevant ASBJ regulations.

(2) Consolidated financial position

		Total assets		Net assets	Equity-to-asset ratio	Net assets per share
As of		Millions of yen		Millions of yen	%	Yen
As of March 31, 2022		86,469		40,383	42.5	3,610.31
As of March 31, 2021		85,033		37,404	40.7	3,405.28
Reference:	Equity
	As of March 31, 2022	¥36,767 million
	As of March 31, 2021	¥34,648 million

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations have been applied from the beginning of the fiscal year ended March 31, 2022, and figures relating to the fiscal year ended March 31, 2022 are after application of said accounting standard and relevant ASBJ regulations.

(3) Consolidated cash flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at end of
	operating activities	investing activities	financing activities
	period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
Fiscal year ended	5,520	(2,700)	(2,336)	12,151
March 31, 2022
Fiscal year ended	4,955	(3,804)	255	11,531
March 31, 2021

2. Cash dividends

		Annual dividends per share		Total cash		Ratio of
	First	Second	Third			Payout ratio	dividends to
	Fiscal		dividends
	quarter-	quarter-	quarter-	Total	(Consolidated)	net assets
	year-end	(Total)
	end	end	end			(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Fiscal year ended	-	35.00	-	35.00	70.00	712	27.8	2.1
March 31, 2021
Fiscal year ended	-	35.00	-	45.00	80.00	814	32.7	2.3
March 31, 2022
Fiscal year ending	-	40.00	-	40.00	80.00		32.6
March 31, 2023
(Forecast)

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic
		earnings per
		owners of parent
								share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Half year	32,000		5.3	2,200	(10.1)	2,000	(7.1)	1,100	(5.2)	108.01
Full year	65,000		3.7	4,700	1.6	4,300	2.6	2,500	0.3	245.48

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None

Newly included:	- companies
Excluded:	- companies

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

1. Changes in accounting policies due to other reasons: None
2. Changes in accounting estimates: None
3. Restatement: None

Note: For details, kindly refer to "3. Consolidated Financial Statements and Notes, (5) Notes to consolidated financial statements (Changes in accounting policies)" in page 13 of attached materials.

1. Number of issued shares (ordinary shares)
2. 1. Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2022	10,684,321 shares
As of March 31, 2021	10,684,321 shares

(ii) Number of treasury shares at the end of the period

As of March 31, 2022	500,351 shares
As of March 31, 2021	509,423 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended March 31, 2022	10,181,694 shares
Fiscal year ended March 31, 2021	10,173,548 shares

[Reference] Overview of non-consolidated financial results

Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Non-consolidated operating results			(Percentages indicate year-on-year changes.)
	Net sales	Operating profit	Ordinary profit	Profit
Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Fiscal year ended	41,452	(3.7)	1,967	(15.9)	2,298	(11.9)	1,750	(20.1)
March 31, 2022
Fiscal year ended	43,047	(5.8)	2,341	12.6	2,609	25.9	2,191	48.5
March 31, 2021
	Basic earnings per	Diluted earnings per
	share		share
Fiscal year ended		Yen		Yen
Fiscal year ended		171.92		-
March 31, 2022
Fiscal year ended		215.38		-
March 31, 2021

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations have been applied from the beginning of the consolidated fiscal year, and figures relating to the fiscal year ended March 31, 2022 are after application of said accounting standard and relevant ASBJ regulations.

(2) Non-consolidated financial position

		Total assets		Net assets	Equity-to-asset ratio	Net assets per share
As of		Millions of yen		Millions of yen	%	Yen
As of March 31, 2022		66,340		28,520	43.0	2,800.53
As of March 31, 2021		67,386		27,763	41.2	2,728.67
Reference:	Equity
	As of March 31, 2022	¥28,520 million
	As of March 31, 2021	¥27,763 million

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations have been applied from the beginning of the consolidated fiscal year, and figures relating to the fiscal year ended March 31, 2022 are after application of said accounting standard and relevant ASBJ regulations.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters

Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Results may differ materially from the consolidated forecasts due to various factors.

	DKS Co. Ltd. (4461)
Attached Material
	Index
1. Overview of Operating Results, etc. .........................................................................................................	2
(1)	Overview of Operating Results for the Fiscal Year Under Review ....................................................	2
(2)	Overview of Financial Position for the Fiscal Year Under Review....................................................	4
(3)	Overview of Cash Flows for the Fiscal Year Under Review..............................................................	4
(4)	Future Outlook ...................................................................................................................................	5
(5)	Basic Policy for Profit Distributions and Dividends for Current and Next Fiscal Years....................	5
2. Basic Concept Regarding Selection of Accounting Standards .................................................................	6
3. Consolidated Financial Statements and Notes..........................................................................................	7
(1)	Consolidated Balance Sheet ...............................................................................................................	7
(2)	Consolidated Statement of Income and Consolidated Statement of Comprehensive Income............	9
	(Consolidated statement of income)...................................................................................................	9
	(Consolidated statement of comprehensive income)........................................................................	10
(3)	Consolidated statement of changes in equity ...................................................................................	11
(4)	Consolidated Statement of Cash Flows............................................................................................	13
(5)	Notes to Consolidated Financial Statements ....................................................................................	15
	(Notes on premise of going concern) ...............................................................................................	15
	(Notes on significant accounting estimate) ......................................................................................	15
	(Changes in accounting policies)......................................................................................................	15
	(Notes - Consolidated statement of income) ....................................................................................	16
	(Segment information, etc.)..............................................................................................................	16
	(Per share information).....................................................................................................................	20
	(Significant events after reporting period)........................................................................................	21

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