Kameda Seika : Summary of Financial Results for the first quarter 2023

August 5, 2022

Consolidated Financial Results (Japanese Accounting Standards) for the Three Months Ended June 30, 2022 (Q1 FY2022)

(English Translation)

Company name:	KAMEDA SEIKA CO., LTD.
Stock exchange:	Tokyo Stock Exchange
Stock code:	2220
URL:	www.kamedaseika.co.jp
Representative:	Masanori Takagi, President and COO
Contact:	Akira Kobayashi, Senior Managing Director & CFO, General Manager of Administrative Division
	Tel. [phone]

Scheduled date for filing of securities report: August 10, 2022

Scheduled date of commencement of dividend payment:	-
Supplementary documents for quarterly results: Available
Quarterly results briefing:	None
	(All	amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 1 - June 30, 2022)

(1) Consolidated Results of Operations (Accumulated Total)

(Percentages show year-on-year changes.)

								Net income
	Net sales		Operating income	Ordinary income	attributable to
								owners of the parent
Three Months ended	¥ million		%	¥ million	%	¥ million	%	¥ million	%
June 30, 2022	23,287		17.9	1,248	102.9	2,029	184.8	1,367	239.8
June 30, 2021	19,756		－	615	-31.1	712	-32.3	402	-41.4

(Note) Comprehensive income:	¥ 2,986 million (251.4%) for the three months ended June 30, 2022
		¥ 850 million (32.0%) for the three months ended June 30, 2021
	Net income Per	Net income Per
		share	share
		(basic)	(diluted)
Three Months ended		¥	¥
June 30, 2022		64.87	－
June 30, 2021		19.09	－

(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the previous consolidated fiscal year. The figures for the three months ended June 30, 2021 represent figures after the application of the accounting standard, etc. Accordingly, the year-on-year percentage change in net sales is not stated.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per
	share
	¥	million	¥ million	%	¥
As of June 30, 2022		108,094	68,161	60.5	3,101.36
As of March 31, 2022		103,421	66,046	61.3	3,007.78

(Reference) Shareholder's equity: As of June 30, 2022: ¥ 65,388 million As of March 31, 2022: ¥ 63,414 million

(Note) During the first quarter of the current consolidated fiscal year, the Company confirmed the provisional accounting treatment related to business combinations. The figures for the fiscal year ended March 31, 2022 reflect the confirmed content of the provisional accounting treatment.

2. Dividends

Dividend per share

End of first

End of

End of third

second

Year-end

Annual

quarter

quarter

quarter

¥

¥

¥

¥

¥

Year ended March 31, 2022

－

15.00

－

39.00

54.00

Year ending March 31, 2023

－

Year ending March 31, 2023

15.00

－

40.00

55.00

(forecasts)

(Note) Revisions to dividend forecasts published most recently: Not applicable

3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023)

(Percentage figures for the fiscal year represent the changes from the previous year, while percentage figures for the six months' period represent the changes from the same period of the previous year)

								Net income	Net
								attributable to
	Net sales		Operating income	Ordinary income	income
		owners of the
								per share
								parent
Six months ending	¥ million		%	¥ million	%	¥ million	%	¥ million		%	¥
45,000		13.5	1,600	26.6	2,600	66.7	1,700		-1.4	80.63
September 30, 2022
Year ending March	92,000		8.0	5,000	3.5	5,900	-2.8	3,700		-16.3	175.49
31, 2023
(Note) 1. Revisions to financial forecasts published most recently: Yes

2. During the first quarter of the current consolidated fiscal year, the Company confirmed the provisional accounting treatment related to business combinations. Operating income, ordinary income, and net income attributable to owners of the parent for the previous consolidated fiscal year were ¥4,832 million, ¥6,068 million, and ¥4,419 million, respectively, reflecting the confirmed content of the provisional accounting treatment. Accordingly, year-on-year percentage changes are also calculated based on figures after reflecting the confirmed content.

* Notes

1. Changes of important subsidiaries during the period (changes of specific subsidiaries in accordance with changes in the scope of consolidation): Not applicable
2. Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: Not applicable
3. Changes in accounting policies and changes or restatement of accounting estimates

1. Changes in accounting policies caused by revision of accounting standards: Yes

(ii)	Changes in accounting policies other than (i):	Not applicable
(iii)	Changes in accounting estimates:	Not applicable
(iv)	Restatement:	Not applicable

(Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to the Quarterly Consolidated Financial Statements (Changes in Accounting Policies)" on page 9 of the Appendix.

1. Number of shares outstanding (common stock):

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

As of June 30, 2022:	22,318,650 shares
As of March 31, 2022:	22,318,650 shares

1. Number of treasury stock at end of period

As of June 30, 2022:	1,234,981 shares
As of March 31, 2022:	1,234,971 shares

• 1. Average number of shares outstanding during the term Three Months ended June 30, 2022: 21,083,675 shares Three Months ended June 30, 2021: 21,083,955 shares
• This quarterly financial results report is not subject to quarterly review procedures by certified public accountants or the audit corporation.

• Explanations and other special notes concerning the appropriate use of performance forecasts (Caution concerning statements, etc. regarding the future)
  The forward-looking statements such as performance forecasts included in this document are based on the information available to the Company at the time of the announcement and on certain assumptions considered reasonable. Actual results may differ materially from the forecast depending on a range of factors. See "1. Qualitative Consolidated Financial Results Data for the Period under Review (3) Explanation of Future Estimates, Including Consolidated Forecasts" on page 4 of the Appendix for the conditions assumed in consolidated forecasts and notes on the use of consolidated forecasts.

(How to obtain supplementary materials on financial results)

Download from the Company's website, available from Wednesday, August 10, 2022.