Kameda Seika : Summary of Financial Results for the third quarter 2022

February 4, 2022

Consolidated Financial Results (Japanese Accounting Standards) for the Nine Months Ended December 31, 2021 (Q3 FY2021)

(English Translation)

Company name:	KAMEDA SEIKA CO., LTD.
Stock exchange:	Tokyo Stock Exchange
Stock code:	2220
URL:	www.kamedaseika.co.jp
Representative:	Isamu Sato, President & COO
Contact:	Akira Kobayashi, General Manager Administrative Div. Director & CFO
	Tel. [phone]

Scheduled date for filing of securities report:	February 14, 2022
Scheduled date of commencement of dividend payment:	-
Supplementary documents for quarterly results:	Yes
Quarterly results briefing:	None
(All	amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 - December 31, 2021)

(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
Nine months ended	¥ million		%	¥ million	%	¥ million	%	¥ million		%
December 31, 2021	62,531		－	2,969	-22.3	3,677	-20.6	3,075		-7.6
December 31, 2020	77,230		0.7	3,822	1.6	4,631	2.8	3,328		2.5
(Note) Comprehensive	income: ¥		3,881million (34.6%) for the nine months ended December 31, 2021

• 2,883million (2.6%) for the nine months ended December 31, 2020

	Net income Per	Net income Per
	share	share
	(basic)	(diluted)
Nine months ended	¥	¥
December 31, 2021	145.89	－
December 31, 2020	157.88	－

(Note) 1. At the end of the fiscal year ended March 31, 2021, the Company confirmed the provisional accounting treatment related to business combinations. The figures for the nine months ended December 31, 2021 reflect the confirmed content of the provisional accounting treatment.

1. 2. 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 current consolidated fiscal year. The figures for the nine months ended December 31, 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 December 31, 2021		101,044	62,704	59.9	2,869.33
As of March 31, 2021		92,888	59,895	62.7	2,761.24

(Reference) Shareholder's equity:	As of December	31, 2021:	¥ 60,496 million
	As of March 31,	2021:	¥ 58,217 million

(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 current consolidated fiscal year.

The figures for the nine months ended December 31, 2021 represent figures after the application of the accounting standard, etc.

2. Dividends

Dividend per share

End of first

End of

End of third

second

Year-end

Annual

quarter

quarter

quarter

¥

¥

¥

¥

¥

Year ended March 31, 2021

－

15.00

－

38.00

53.00

Year ending March 31, 2022

－

15.00

－

Year ending March 31, 2022

39.00

54.00

(forecasts)

(Note) Revisions to dividend forecasts published most recently: None

3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 - March 31, 2022)

(Percentages represent ratio of changes from the corresponding period of the previous year)

								Net income		Net
								attributable to
	Net sales		Operating income	Ordinary income	income
		owners of the
								per share
								parent
Year ending	¥ million		%	¥ million	%	¥ million	%	¥ million		%	¥
84,000		－	4,800	-14.6	5,600	-18.7	4,300		-9.6	203.95
March 31, 2022
(Note) 1. Revisions to financial forecasts published most recently: Yes

2. 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 current consolidated fiscal year. The figures for the nine months ended December 31, 2021 represent figures after the application of the accounting standard, etc. Accordingly, the year-on-year percentage change in net sales is not stated.

* Notes

1. Changes of important subsidiaries during the period (changes of specific subsidiaries in accordance with changes in the scope of consolidation): Yes

1 new company (Company name) THIEN HA KAMEDA, JSC.

(Note) For details, please refer to page 10 of the Appendix,"2. Quarterly Consolidated Financial Statements (3) Notes to the Quarterly Consolidated Financial Statements (Changes in Important Subsidiaries during the Period)"

1. Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: None.
2. Changes in accounting policies and changes or restatement of accounting estimates

(i)	Changes in accounting policies caused by revision of accounting standards:	Yes
(ii)	Changes in accounting policies other than (i):	None
(iii)	Changes in accounting estimates:	None
(iv)	Restatement:	None

(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 10 of the Appendix.

1. Number of shares outstanding (common stock):

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

As of December	31, 2021:	22,318,650 shares
As of March 31,	2021:	22,318,650 shares

1. Number of treasury stock at end of period

As of December	31, 2021:	1,234,910 shares
As of March 31,	2021:	1,234,695 shares

1. Average number of shares outstanding during the term

Nine months ended December 31, 2021:	21,083,887 shares
Nine months ended December 31, 2020:	21,084,021 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 5 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 Thursday, February 10, 2022.