[Delayed]Summary of Consolidated Financial Results for the Nine Months Ended September 30, 2021（Based on Japanese GAAP）

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

	Summary of Consolidated Financial Results
	for the Nine Months Ended September 30, 2021
	[Based on Japanese GAAP]
Company name:	Altech Corporation	November 11, 2021
Stock exchange listing:	Tokyo
Code number:	4641
URL:	https://www.alpsgiken.co.jp/
Representative:	Atsushi Imamura	President
Inquiries:	Nobuyuki Watanabe	Senior Managing Director General Manager
Phone:	042（774）3333

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

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session:			No
						(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended September 30, 2021 (January 01, 2021 to September 30, 2021)
(1) Consolidated Operating Results					(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit		Profit attributable to
				owners of parent
Nine months ended		Million yen	%		Million yen	%	Million yen	%		Million yen		%
September 30, 2021		28,243	8.7		2,532	(2.3)	3,397	2.5		2,274		2.5
September 30, 2020		25,976	2.5		2,592	(5.3)	3,314	18.6		2,218		9.5
	Basic earnings per share	Diluted earnings per share
Nine months ended			Yen			Yen
September 30, 2021			110.99			-
September 30, 2020			108.16			-
(2) Consolidated Financial Position
		Total assets		Net assets	Capital adequacy ratio
As of		Million yen		Million yen			%
September 30, 2021			22,671			13,728			60.4
December 31, 2020			20,996			12,771			60.7

2. Dividends

			Annual dividends
	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended December 31, 2020	-	35.00	-	40.00	75.00
Fiscal year ending December 31, 2021	-	37.00	-
Fiscal year ending December 31, 2021				38.00	75.00
(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2021(January 01, 2021 to December 31, 2021) (% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	40,000		11.9	4,000	9.9	4,400	(4.3)	3,060	0.1	149.25

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* Notes:

1. Changes in significant subsidiaries during the nine months ended September 30, 2021 (changes in specified subsidiaries resulting in changes in scope of consolidation):
2. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:
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:
   2. Changes in accounting policies other than 1) above:
   3. Changes in accounting estimates:
   4. Retrospective restatement:
5. Total number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2021:	24,746,675	shares
December 31, 2020:	24,746,675	shares
2) Total number of treasury shares at the end of the period:
September 30, 2021:	4,222,546	shares
December 31, 2020:	4,261,696	shares

3) Average number of shares during the period:
Nine months ended September 30, 2021:	20,494,501	shares
Nine months ended September 30, 2020:	20,511,437	shares

No

No

No

No

No

No

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Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

				(Thousand yen)
			As of December 31,2020	As of September 30,2021
Assets
	Current assets
		Cash and deposits	8,619,755	8,975,160
		Notes and accounts receivable - trade	5,227,621	5,319,231
		Work in process	267,586	521,093
		Raw materials and supplies	50,781	46,198
		Other	495,567	927,044
		Allowance for doubtful accounts	(3,848)	(3,539)
		Total current assets	14,657,463	15,785,189
	Non-current assets
		Property, plant and equipment
		Buildings and structures	3,284,234	3,288,522
		Accumulated depreciation	(1,538,931)	(1,615,009)
		Buildings and structures, net	1,745,303	1,673,512
		Land	1,529,761	1,529,365
		Construction in progress	-	100
		Other	510,708	530,838
		Accumulated depreciation	(425,533)	(441,758)
		Other, net	85,174	89,079
		Total property, plant and equipment	3,360,239	3,292,057
		Intangible assets
		Goodwill	411,143	348,135
		Other	146,838	155,112
		Total intangible assets	557,982	503,248
		Investments and other assets
		Investment securities	975,273	1,068,315
		Shares of subsidiaries and associates	129,718	129,718
		Deferred tax assets	669,693	1,240,801
		Other	691,127	696,669
		Accumulated depreciation	(44,528)	(44,870)
		Other,net	646,599	651,799
		Total investments and other assets	2,421,284	3,090,634
		Total non-current assets	6,339,506	6,885,941
	Total assets	20,996,970	22,671,130

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				(Thousand yen)
			As of December 31,2020	As of September 30,2021
Liabilities
	Current liabilities
		Notes and accounts payable - trade	182,107	262,465
		Short-term borrowings	1,058,716	761,226
		Accounts payable - other	1,630,863	868,036
		Income taxes payable	978,830	958,561
		Provision for bonuses	1,326,338	3,090,322
		Provision for bonuses for directors (and other	26,075	24,195
		officers)
		Other	2,565,216	2,489,189
		Total current liabilities	7,768,147	8,453,997
	Non-current liabilities
		Deferred tax liabilities	2,137	2,328
		Retirement benefit liability	198,160	194,205
		Other	257,365	291,978
		Total non-current liabilities	457,663	488,512
	Total liabilities	8,225,811	8,942,509
Net assets
	Shareholders' equity
		Share capital	2,347,163	2,347,163
		Capital surplus	3,086,165	3,124,180
		Retained earnings	11,971,018	12,668,048
		Treasury shares	(4,981,321)	(4,930,965)
		Total shareholders' equity	12,423,026	13,208,427
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	300,176	392,354
		securities
		Foreign currency translation adjustment	22,840	97,880
		Total accumulated other comprehensive income	323,017	490,234
	Non-controlling interests	25,115	29,958
	Total net assets	12,771,158	13,728,620
Total liabilities and net assets	20,996,970	22,671,130

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Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)

			(Thousand yen)
		For the nine months	For the nine months
		ended September 30,2020	ended September 30,2021
Net sales	25,976,572	28,243,076
Cost of sales	19,871,801	22,037,081
Gross profit	6,104,770	6,205,994
Selling, general and administrative expenses	3,512,667	3,673,546
Operating profit	2,592,103	2,532,447
Non-operating income
	Interest income	2,513	3,570
	Dividend income	14,305	15,559
	Subsidy income	666,507	808,342
	Rental income	2,680	3,991
	Compensation income	51,797	7,672
	Other	34,307	62,815
	Total non-operating income	772,112	901,952
Non-operating expenses
	Interest expenses	1,370	3,805
	Rental costs	18,947	5,849
	Loss on investments in investment partnerships	10,404	12,728
	Foreign exchange losses	6,289	2,144
	Loss on extinguishment of share-based remuneration	8,446	9,290
	expenses
	Other	4,334	3,050
	Total non-operating expenses	49,792	36,868
Ordinary profit	3,314,423	3,397,531
Extraordinary income
	Gain on sales of non-current assets	183	144
	Donation income	100,000	-
	Total extraordinary income	100,183	144
Extraordinary losses
	Loss on retirement of non-current assets	0	210
	Impairment loss	-	3,606
	Loss on valuation of investment securities	91,051	-
	Total extraordinary losses	91,051	3,817
Profit before income taxes	3,323,555	3,393,858
Income taxes - current	1,674,281	1,713,158
Income taxes - deferred	(570,739)	(596,866)
Total income taxes	1,103,541	1,116,291
Profit	2,220,014	2,277,566
Profit attributable to non-controlling interests	1,570	2,820
Profit attributable to owners of parent	2,218,443	2,274,746

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