ジェイリース（7187） – [Summary]Consolidated Financial Results for the Year Ended March 31, 2022 [Japanese GAAP]

Note:ThisdocumentisatranslationofapartoftheoriginalJapaneseversionandprovidedforreferencepurposesonly.IntheeventofanydiscrepancybetweentheJapaneseoriginalandthisEnglishtranslation,theJapaneseoriginalshallprevail.Consolidated Financial Resultsfor the Year Ended March 31, 2022[Japanese GAAP]May 06, 2022Company name: J-LEASE CO.,LTD.Stock exchange listing: TokyoCode number: 7187URL: https://www.j-lease.jpRepresentative: Hiraku NakashimaContact: Shigeharu NakashimaPhone: 03-5909-1245Scheduled date of Annual General Meeting of Shareholders: June 23, 2022Scheduled date of commencing dividend payments: June 24, 2022Scheduled date of filing annual securities report: June 24, 2022Availability of supplementary briefing material on annual financial results: YesSchedule of annual financial results briefing session: YesRepresentative Director Chairman, President & CEOSenior Managing Director(Amounts of less than one million yen are rounded down)1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)Fiscal year endedMarch 31, 2022March 31, 2021(Note) Comprehensive income:Net salesOperating profitOrdinary profitMillion yen9,1627,601Million yen%1,97120.594312.7Fiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%108.8506.8¥¥%Million yen113.61,946759.99111,340 million552 millionProfit attributable toowners of parentMillion yen1,340552142.5%]-%]%142.5-[[Basic earnings pershareDiluted earnings pershareRate of return onequityOrdinary profit tototal assets ratioOperating profit tonet sales ratioFiscal year endedMarch 31, 2022March 31, 2021(Reference) Equity in earnings (losses) of affiliated companies:Yen150.9562.65Yen148.5761.36Fiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%74.959.6%22.911.4¥¥(2) Consolidated Financial PositionTotal assetsNet assetsCapital adequacy ratioNet assets per shareAs ofMarch 31, 2022March 31, 2021(Reference) Equity: As of March 31, 2022:As of March 31, 2021:Million yen8,8328,154Million yen2,3721,205¥¥2,372 million1,205 million%26.914.8(3) Consolidated Cash FlowsFiscal year endedMarch 31, 2022March 31, 2021Cash flows fromoperating activitiesCash flows frominvesting activitiesCash flows fromfinancing activitiesCash and cashequivalents at the endof periodMillion yen1,339847Million yen(288)(123)Million yen(1,131)(599)Million yen1,0221,103%21.512.4- million- millionYen266.02136.38　2. DividendsFiscal year endedMarch 31, 2021March 31, 2022Fiscal year endingMarch 31, 2023(Forecast)Annual dividends1stquarter-endYen2ndquarter-endYen3rdquarter-endYen—0.0015.0025.00Year-endTotalYen5.00Yen5.0025.0040.0025.0050.00—TotaldividendsMillion yen44356Payoutratio(consolidated)Dividendsto netassets(consolidated)%4.819.9%8.026.530.13. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)Net salesOperating profitMillion yen% Million yen(% indicates changes from the previous corresponding period.)Basic earnings perProfit attributableto owners of parentshare%Ordinary profit% Million yenYen% Million yen4,95010,45013.314.09902,20012.111.69702,17011.711.56501,48011.610.472.87165.92Six months endedSeptember 30, 2022Full year* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): NoNewExclusion:–(Company name:(Company name:))(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement1) Changes in accounting policies due to the revision of accounting standards: Yes2) Changes in accounting policies other than 1) above: No3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)1) Total number of issued shares at the end of the period (including treasury shares):March 31, 2022:March 31, 2021:March 31, 2022:March 31, 2021:8,920,000 shares8,839,200 shares147 shares60 shares2) Total number of treasury shares at the end of the period:3) Average number of shares during the period:Fiscal Year ended March 31, 2022:Fiscal Year ended March 31, 2021:8,878,424 shares8,819,673 shares　(Reference) Summary of Non-consolidated Financial Results1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)Net salesOperating profitOrdinary profitNet incomeFiscal year endedMarch 31, 2022March 31, 2021Million yen9,0897,538%20.613.4Million yen1,991964%106.4505.6Million yen1,964924%112.4764.5Million yen1,358566%139.8-Basic earnings per share Diluted earnings per shareFiscal year endedMarch 31, 2022March 31, 2021Yen153.0664.25Yen150.6562.91(2) Non-consolidated Financial PositionTotal assetsNet assetsCapital adequacy ratioNet assets per shareAs ofMarch 31, 2022March 31, 2021(Reference) Equity: As of March 31, 2022:As of March 31, 2021:Million yen8,7118,111Million yen2,4061,220¥¥2,406 million1,220 million%27.615.0Yen269.80138.07　Consolidated Financial StatementsConsolidated Balance SheetsAssetsCurrent assetsCash and depositsAccrued guaranteeAccounts receivable commissionAdvances paid of subrogationAdvances paid of collectionSuppliesOtherAllowance for doubtful accountsTotal current assetsNon-current assetsProperty, plant and equipmentBuildings and structuresAccumulated depreciationBuildings and structures, netMachinery, equipment and vehiclesAccumulated depreciationMachinery, equipment and vehicles, netLandLeased assetsAccumulated depreciationLeased assets, netOtherAccumulated depreciationOther, netTotal property, plant and equipmentIntangible assetsSoftwareSoftware in progressLeased assetsOtherTotal intangible assetsInvestments and other assetsInvestment securitiesDeferred tax assetsOtherAllowance for doubtful accountsTotal investments and other assetsTotal non-current assetsTotal assetsAs of March 31,2021As of March 31,2022(Thousand yen)1,103,317919,34042,3024,991,2171,069,89411,999304,745(2,341,200)6,101,616102,606(43,250)59,35537,331(31,623)5,70843,799188,495(60,261)128,23468,763(53,644)15,118252,216326,2711,7601,85310329,8946401,247,238446,564(224,015)1,470,4272,052,5388,154,1551,022,3081,129,06750,0394,715,1991,389,06615,528344,765(2,066,900)6,599,073225,115(44,008)181,107—100,014193,849(98,941)94,90799,116(55,617)43,499419,528274,3857701,08610276,25180,1761,265,574500,754(308,903)1,537,6012,233,3828,832,455　LiabilitiesCurrent liabilitiesShort-term borrowingsCurrent portion of long-term borrowingsLease liabilitiesAccounts payable of collectionAccounts payable – otherIncome taxes payableAdvances receivedProvision for bonusesOtherTotal current liabilitiesNon-current liabilitiesLong-term borrowingsLease liabilitiesProvision for retirement benefits for directors (andother officers)Asset retirement obligationsOtherTotal non-current liabilitiesTotal liabilitiesNet assetsShareholders’ equityShare capitalCapital surplusRetained earningsTreasury sharesTotal shareholders’ equityAccumulated other comprehensive incomeValuation difference on available-for-salesecuritiesTotal accumulated other comprehensive incomeTotal net assetsTotal liabilities and net assetsAs of March 31,2021As of March 31,2022(Thousand yen)2,750,00060,04841,621800,643465,546379,3351,925,94499,400215,7296,738,26959,808102,1045,01542,598882210,4086,948,677714,558289,558201,447(49)1,205,514(37)(37)1,205,4778,154,1551,800,00066,48043,466828,446546,062414,1082,194,254111,095243,8616,247,77588,32463,7074,59753,8261,333211,7896,459,564717,103292,1031,363,964(179)2,372,992(101)(101)2,372,8918,832,455　Consolidated Statements of Income and Comprehensive IncomeConsolidated Statements of IncomeFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Thousand yen)Selling, general and administrative expensesNet salesCost of salesGross profitOperating profitNon-operating incomeInterest incomeDividend incomeCommission incomeSubsidy incomeEquipment rentReversal of deposits receivedRecoveries of written off receivablesOtherTotal non-operating incomeNon-operating expensesInterest expensesLoss on assignment of receivablesShare issuance costsOtherTotal non-operating expensesOrdinary profitExtraordinary incomeRefund of surchagesGain on sale of non-current assetsTotal extraordinary incomeExtraordinary lossesImpairment lossesLoss on retirement of non-current assetsTotal extraordinary lossesProfit before income taxesIncome taxes – currentIncome taxes – deferredTotal income taxesProfitProfit attributable to owners of parent7,601,3611,692,8775,908,4834,964,518943,96541610-2,9401033881,2453,5858,69032,4436,0111,5761,37441,406911,249573-57313,4963,80317,300894,522469,025(127,096)341,929552,593552,5939,162,9272,095,5107,067,4175,096,1731,971,24318102,4003501952641,1308595,22927,3841,7551,17630,3171,946,154—3373371,2601,2601,945,232623,406(18,336)605,0701,340,1621,340,162　Consolidated Statements of Comprehensive IncomeProfitOther comprehensive incomeValuation difference on available-for-sale securitiesTotal other comprehensive incomeComprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparentFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Thousand yen)552,5937272552,665552,6651,340,162(64)(64)1,340,0981,340,098　Consolidated Statements of Changes in Net AssetsFor the fiscal year ended March 31,2021Shareholders’ equityShare capitalCapitalsurplusRetainedearningsTreasuryshares(Thousand yen)Accumulated othercomprehensive incomeValuationdifferenceonavailable-for-salesecuritiesTotalaccumulatedothercomprehensiveincomeTotalshareholders’equityTotal netassets713,348288,348(351,146)(49)650,501(109)(109)650,3921,2091,2092,4192,419552,593552,593552,593——-7272–721,2091,209552,593555,012555,084714,558289,558201,447(49) 1,205,514(37)(37) 1,205,477Shareholders’ equityShare capitalCapitalsurplusRetainedearningsTreasuryshares(Thousand yen)Accumulated othercomprehensive incomeValuationdifferenceonavailable-for-salesecuritiesTotalaccumulatedothercomprehensiveincomeTotalshareholders’equityTotal netassets714,558289,558201,447(49) 1,205,514(37)(37) 1,205,4772,5452,5455,090(177,646)(177,646)1,340,1621,340,162(129)(129)—-5,090(177,646)1,340,162(129)-(64)(64)2,5452,5451,162,516(129) 1,167,477(64) 1,167,413717,103292,1031,363,964(179) 2,372,992(101)(101) 2,372,891—-7272—-(64)(64)———————————Balance at beginningof periodChanges duringperiodIssuance of newsharesDividends ofsurplus – othercapital surplusProfit attributable toowners of parentPurchase of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodBalance at beginningof periodChanges duringperiodIssuance of newsharesDividends ofsurplus – othercapital surplusProfit attributable toowners of parentPurchase of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodFor the fiscal year ended March 31,2022　Consolidated Statements of Cash FlowsFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Thousand yen)Cash flows from operating activitiesProfit before income taxesDepreciationImpairment lossesIncrease (decrease) in allowance for doubtful accountsInterest and dividend incomeInterest expensesThe administrative fineLoss on retirement of non-current assetsLoss (gain) on sale of non-current assetsDecrease (increase) in trade receivablesIncrease (decrease) in advances paid of subrogationIncrease (decrease) in advances paid of collectionDecrease (increase) in inventoriesIncrease (decrease) in advances receivedIncrease (decrease) in provision for bonusesIncrease (decrease) in provision for retirement benefitsfor directors (and other officers)Increase (decrease) in accounts payable of collectShare issuance costsOther, netSubtotalInterest paidPayments for penaltyIncome taxes paidInterest and dividends receivedNet cash provided by (used in) operating activitiesCash flows from investing activitiesPurchase of property, plant and equipmentProceeds from sale of property, plant and equipmentPurchase of investment securitiesPurchase of intangible assetsOther, netNet cash provided by (used in) investing activitiesCash flows from financing activitiesNet increase (decrease) in short-term borrowingsProceeds from long-term borrowingsRepayments of long-term borrowingsProceeds from issuance of sharesPurchase of treasury sharesDividends paidRepayments of finance lease liabilitiesNet cash provided by (used in) financing activitiesNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of periodCash and cash equivalents at end of period894,522167,60913,496463,616(426)32,443(573)3,803-(177,207)128,605(522,802)(159)164,2394,8791,950(77,420)1,57681,9181,180,071426(32,187)(44,206)(256,723)847,379(26,380)(51,698)(45,299)(123,379)(500,000)(60,048)842—–(40,536)(599,742)124,258979,0581,103,3171,945,232175,144–(189,411)(28)27,3841,260(337)(211,919)185,584(319,171)(3,528)268,31011,695(418)27,8021,75541,8341,961,188(27,105)28-(594,379)1,339,732(206,992)4,224(79,600)(40,332)33,913(288,786)(950,000)100,000(65,052)3,334(129)(177,646)(42,462)(1,131,954)(81,009)1,103,3171,022,308