Iwaki : Results of Operations for the Fiscal Year Ended March 31,2021(FY3/21)

Results of Operations for the Fiscal Year Ended March 31, 2021 (FY3/21)

May 25, 2021

IWAKI CO.,LTD.

Stock code: 6237

Trade name: Iwaki Pump

Contents

I.	Summary of FY3/21 Financial Results	・・・・P 3
II.	Outlook for FY3/22	・・・・P 17
III. Medium-term Management Plan	・・・・P 26
	Business Development and Growth
IV.	Appendix	・・・・P 34

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I. Summary of FY3/21 Financial Results

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1 FY3/21 Results vs. Forecast

4Q sales were much higher than 3Q sales. Earnings exceeded the initial plan.

Millions of yen	1Q-3Q FY3/21
Net sales	20,199
Gross profit	6,851
(Gross margin)	(33.9%)
Operating profit	1,027
(Operating
(5.1%)
margin)

3Q FY3/21		4Q FY3/21	Differences
7,040		7,962	922
2,380	2,851	471
(33.8%)	(35.8%)	(+2.0pt)
315	678	363
(4.5%)	(8.5%)	(+4.0pt)

Millions of yen	FY3/21	FY3/21 Results	Differences
Forecast
Net sales	28,280	28,162	-118
Gross profit	9,498	9,703	204
(Gross margin)	(33.6%)	(34.5%)	(+0.9pt)
Operating profit	1,332	1,706	373
(Operating
(4.7%)	(6.1%)	(+1.3pt)
margin)

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2 Financial Summary

Sales and earnings decreased because of a big decrease in sales in the medical equipment market in Japan.

		FY3/20		FY3/21
		Amount	Amount	Differences	YoY change
		(Millions of yen)	(Millions of yen)
Net sales		28,636	28,162	-474	-1.7%
Gross profit		9,806	9,703	-103	-1.1%
(Gross margin)		(34.2%)	(34.5%)	(-0.2pt)
Operating profit		2,114	1,706	-407	-19.3%
(Operating margin)		(7.4%)	(6.1%)	(-1.3pt)
Ordinary profit		2,578	2,222	-356	-13.8%
Profit attributable to owners	2,122	2,091	-31	-1.5%
of parent
Net income per share (Yen)	96.06	94.90	-1.16	-1.2%
Return on equity (ROE)	10.5%	9.7%	-	(-0.8pt)
Exchange rate	USD/JPY (Yen)	109.03		106.77
(average)	EUR/JPY (Yen)	122.03		121.88

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