[Summary] Financial Announcement for the First Quarter Ended December 31, 2020 [Japanese Standard] (consolidated)

Financial Announcement for the First Quarter Ended December 31, 2020
[Japanese Standard] (consolidated)
May 11, 2020
Stock exchange listing:Tokyo Stock Exchange

Company Name: MEC COMPANY LTD.
Stock Code No.: 4971 Company URL: https://www.mec-co.com/en/
Representative: Kazuo MAEDA, CEO & President
Contact: Yoshihiro SAKAMOTO, Corporate Communication Office TEL: +81-(0)6-6401-8160
Scheduled date for submitting quarterly reports: May 13, 2020
Commencement Date of Dividend Payment (Scheduled): -
Creation of reference materials supplementary to the results: Yes
Holding of briefing sessions regarding the results: None
(Amounts less than one million yen have been disregarded.)
1. Consolidated financial results (January 1, 2020 to December 31, 2020)
(1) Financial results
(% represent annual changes over the preceding year unless otherwise stated.)
Net income attributable
Net sales Operating income Ordinary income to parent company’s
shareholders
Millions of yen % Millions of yen % Millions of yen % Millions of yen %
Three months ended
March 31, 2020 2,809 20.7 498 142.1 463 92.9 317 100.0
Three months ended
March 31, 2019 2,328 -12.5 205 -60.5 240 -53.0 158 -56.6
Note: Comprehensive income: Three months ended March 31, 2020:111 million yen (-52.4%); Three months ended March 31, 2019:234
million yen (50.4%)
Net income per share Diluted net income per
for quarter share for quarter
Yen Yen
Three months ended
March 31, 2020 16.72 -
Three months ended
March 31, 2019 8.36 -

(2) Financial position
Total assets Net assets Equity ratio
Millions of yen Millions of yen %
As of
March 31, 2020 19,763 15,935 80.6
As of
March 31, 2019 19,991 16,091 80.5
(Reference) Shareholder’s equity: As of March 31, 2020: 15,935 million yen; As of March 31, 2019:16,091 million yen

2. Dividends
Annual dividend
1Q 2Q 3Q 4Q Annual
Yen Yen Yen Yen Yen
Fiscal year ended
December 31, 2019 - 12.00 - 14.00 26.00
Fiscal year ending
December 31, 2020 -
Fiscal year ending
December 31, 2020 12.00 - 14.00 26.00
(Forecast)
(Note) Revision of recently announced dividends forecast: None


3. Consolidated earnings forecasts for the fiscal year ending December 31, 2020 (January 1, 2020 to December 31,
2020)
(Percentages indicate changes from previous fiscal year for full-year figures, and year-on-year changes for quarterly changes.)
Net income
attributable to Net income
Net sales Operating income Ordinary income
parent company’s per share
shareholders
Millions of
Millions of yen % Millions of yen % Millions of yen % % Yen
yen
First half 5,000 0.5 600 -1.7 600 -6.0 400 -12.5 21.07
Full year 11,600 6.8 1,700 3.8 1,750 1.6 1,250 1.1 65.87
(Note) Revision of recently announced dividends forecast: None

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* Notes
(1) Changes of major subsidiary companies during the period (Change of specific subsidiary companies that involves
changes in the scope of consolidation): None

(2) Application of concise accounting procedures or particular accounting procedures in the creation of consolidated
financial statements during this quarter: Yes

(3) Changes of principles, procedures, presentation methods, etc., in accounting procedures
1) Changes that accompany amendment of accounting standards, etc.: None
2) Changes other than those of (1): None
3) Expected changes to accounting standards: None
4) Restatements: None

(4) Number of shares outstanding (Common stock)
1) Number of shares outstanding
(including treasury stock) issued As of December 31, 2020 20,071,093 shares As of December 31, 2019 20,071,093 shares
as of:
2) Number of shares of treasury
As of December 31, 2020 1,093,341 shares As of December 31, 2019 1,093,311 shares
stock:
3) Average number of shares Three months ended
18,977,767 shares
Three months ended
18,970,860 shares
during the period: December 31, 2020 December 31, 2019


* Quarterly financial results are not covered by the quarterly review

* Explanation of appropriate use of earnings forecasts. Other points of note.
- The business forecasts and such like stated in this material are based on the information currently available to the
Company and certain assumptions that are judged to be rational. Actual results may vary significantly from the
forecasts due to various factors.

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