GMO Pepabo : Consolidated Financial Results for the Three Months Ended March 31, 2021

Consolidated Financial Results

for the Three Months Ended March 31, 2021

[Japanese GAAP]

May 6, 2021

Company name: GMO Pepabo, Inc.

Stock exchange listing: Tokyo Stock Exchange

Code number: 3633

URL: https://pepabo.com/

Representative: Kentaro Sato, CEO and President

Contact: Yoshito Igashima, CFO and Board Director

Phone: [phone]

Scheduled date of filing quarterly securities report: May 12, 2021

Scheduled date of commencing dividend payments: ―

Availability of supplementary briefing material on quarterly financial results: Available

Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and analysts)

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

1. Consolidated Financial Results for the Three Months Ended March 31, 2021 (from January 1, 2021 to March 31, 2021)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	March 31, 2021	2,911	21.4	234	20.8	233	(3.0)	185	43.8
	March 31, 2020	2,398	9.7	194	(35.2)	240	(22.1)	128	(47.5)

(Note) Comprehensive income: Three months ended March 31, 2021: ¥237 million [99.8%] Three months ended March 31, 2020: ¥118 million [(53.4)%]

	Basic earnings	Diluted earnings
	per share	per share
Three months ended	Yen	Yen
March 31, 2021	35.09	34.82
March 31, 2020	24.72	24.71

(2) Consolidated Financial Position

		Total assets	Net assets	Equity ratio
		Million yen	Million yen	%
As of March 31,	2021	7,979	2,372	29.4
As of December	31, 2020	8,211	2,544	30.6

(Reference) Equity: As of March 31, 2021: ¥2,348 million As of December 31, 2020: ¥2,515 million

1

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31,

0.00

0.00

0.00

81.00

81.00

2020

Fiscal year ending December 31,

0.00

2021

Fiscal year ending December 31,

0.00

0.00

81.00

81.00

2021 (Forecast)

(Note) Revision to the dividends forecast most recently

announced: No

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

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable	Basic earnings
		to owners of parent	per share
First half	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
-	-	-	-	-	-	-	-	-
(cumulative)
Full year	13,223	20.1	1,114	20.2	1,127	14.6	795	(4.2)	150.65

(Note) Revision to the financial results forecast most recently announced: No

2

* Notes:

1. Changes in significant subsidiaries during the three months ended March 31, 2021: No (Changes in specified subsidiaries resulting in changes in scope of consolidation) New: None
   Excluded: None
2. Adoption of special accounting methods in preparation of quarterly consolidated financial statements: No
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: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury stock):

March 31, 2021: 5,468,700 shares

December 31, 2020: 5,468,700 shares

1. Total number of treasury stock at the end of the period: March 31, 2021: 181,288 shares
   December 31, 2020: 191,288 shares
2. Average number of shares during the period:

Three months ended March 31, 2021: 5,281,221 shares

Three months ended March 31, 2020: 5,213,394 shares

• These quarterly financial results are outside the scope of quarterly review by certified public accountants or audit firms.
• Explanation of the proper use of financial results forecast and other notes

The statements concerning future performance presented in this document are based on currently available information and certain preconditions which the Company believes to be reasonable at this time and does not constitute a guarantee of the Company to achieve. Actual results may be substantially different from these forecasts presented herein due to various factors.

3