(Percentages represent year-on-yearchanges.)

Summary of Consolidated Financial Results for the First

Quarter of the Fiscal Year Ending March 31, 2021 (JGAAP)

July 30, 2020

Listed Company Name:

Rion Co., Ltd.

Listed Exchange:

Tokyo Stock Exchange

Securities Code:

6823

URL:

https://www.rion.co.jp

Representative:

Kenichi Shimizu, President & CEO

Contact:

Koki Kato, Director and Head of Corporate Planning Division

Phone: +81-42-359-7099

Scheduled date of submission of quarterly securities report: August 11, 2020

Scheduled date of dividend payment:

Supplementary documents for quarterly financial results:

None

Quarterly financial results briefing:

None

(Figures less than one million yen are omitted)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2021

(April 1, 2020 - June 30, 2020)

(1) Consolidated operating results

(Percentages represent year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Q1 of year ending 3/21

3,997

-18.2

261

-58.3

281

-56.3

303

-32.8

Q1 of year ended 3/20

4,888

4.6

627

26.7

644

22.2

450

18.8

(Note) Comprehensive income (million yen)

Q1 of year ending 3/21: 378 (-23.5%)

Q1 of year ended 3/20: 495 (13.8%)

Profit per share

Profit per share

(basic)

(diluted)

Yen

Yen

Q1 of year ending 3/21

24.69

Q1 of year ended 3/20

36.73

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Million yen

Million yen

%

As of 6/20

29,594

22,328

75.4

As of 3/20

29,850

22,232

74.5

Reference: Shareholders' equity (million yen)

As of 6/20: 22,328

As of 3/20: 22,232

2. Dividends

Dividend per share

End of

End of

End of

Year end

Annual

first quarter

second quarter

third quarter

Yen

Yen

Yen

Yen

Yen

Year ended 3/20

20.00

23.00

43.00

Year ending 3/21

Year ending 3/21 (forecast)

22.00

21.00

43.00

(Note) Revisions to most recently announced dividend forecast: Not applicable

3. Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2021 (April 1, 2020 - March 31, 2021)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Profit per share

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Six months

9,400

-10.4

700

-50.0

750

-47.8

650

-34.9

52.94

Full year

21,000

-2.2

1,800

-27.6

1,900

-26.3

1,500

-15.7

122.18

(Note) Revisions to most recently announced forecast for consolidated financial results: Not applicable

* Notes

(1) Changes in consolidated subsidiaries during the quarter (changes in scope of consolidation):

Not applicable

New: ― (company name)

Exception: ― (company name)

  1. Application of accounting specific to the preparation of quarterly consolidated financial statements: Not applicable
  2. Changes in accounting policies, changes in accounting estimates and restatement

(i)

Changes in accounting policies due to amendment of accounting standards, etc.:

Not applicable

(ii)

Changes in accounting policies other than (i):

Not applicable

(iii)

Changes in accounting estimates:

Not applicable

(iv)

Restatement:

Not applicable

(4) Number of outstanding shares (common shares)

  1. Number of shares outstanding at the end of period (including treasury shares):

As of 6/20:

12,294,400 shares

As of 3/20:

12,294,400 shares

  1. Number of treasury shares at the end of period:

As of 6/20:

17,293 shares

As of 3/20:

17,293 shares

(iii) Average number of shares during the period:

Q1 of year ending 3/21: 12,277,107 shares

Q1 of year ended 3/20:

12,277,172 shares

  • The summary of consolidated financial results is not subject to audits by certified public accountants or audit corporations.
  • Cautionary statement with respect to forward-looking statements

Forward-looking statements such as results forecasts included in this document are based on information available to the Company at the time of the announcement and on certain assumptions considered reasonable. Actual results may differ materially from forecasts depending on a range of factors.

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Rion Co. Ltd. published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 06:03:14 UTC