Kawata Mfg : Consolidated Financial Results for the Fiscal Year Ended March 31, 2021

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2021

[Japanese GAAP]

May 11, 2021

Company name: KAWATA MFG. CO., LTD.

Stock exchange listing: Tokyo Stock Exchange

Code number: 6292

URL: https://www.kawata.cc/

Representative: Wataru Shiraishi, President and Representative Director

Contact: Kyoko Harada, General Manager of the Accounting and Finance Department

Phone: [phone]

Scheduled date of Annual General Meeting of Shareholders: June 25, 2021

Scheduled date of filing annual securities report: June 25, 2021

Scheduled date of commencing dividend payments: June 28, 2021

Availability of supplementary briefing material on annual financial results: Unavailable

Schedule of annual financial results briefing session: Scheduled (for institutional investors and securities analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)

	(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
															Net income
			Net sales				Operating income		Ordinary income			attributable to
															owners of parent
	Fiscal year ended	Million yen	%		Million yen	%		Million yen	%		Million yen	%
	16,787	(20.8)		506	(68.2)		597	(63.6)			296	(72.1)
	March 31, 2021
	Fiscal year ended	21,197	(13.7)		1,593	(30.9)		1,639	(29.5)			1,063	(36.5)
	March 31, 2020
(Note) Comprehensive income: Fiscal year ended March 31, 2021: ¥248 million [(76.0)%]
			Fiscal year ended March 31, 2020: ¥1,033 million [(24.7)%]
			Basic earnings		Diluted earnings	Rate of return on	Ordinary income	Operating
				income to net
			per share			per share	equity		to total assets
							sales
			Yen			Yen			%		%			%
Fiscal year ended		42.24		-			2.8		2.8			3.0
March 31, 2021
Fiscal year ended		150.19		-			10.6		7.2			7.5
March 31, 2020

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2021: ¥－million Fiscal year ended March 31, 2020: ¥－million

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2021	20,911	10,621	49.9	1,494.79
As of March 31, 2020	21,866	10,675	47.9	1,477.70

(Reference) Equity: As of March 31, 2021: ¥10,427 million As of March 31, 2020: ¥10,464 million

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(3) Consolidated Cash Flows

Net cash provided by

Net cash provided by

Net cash provided by

Cash and cash

(used in) operating

(used in) investing

(used in) financing

equivalents at end of

activities

activities

activities

period

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

1,874

(159)

(589)

6,630

March 31, 2021

Fiscal year ended

1,913

(215)

(634)

5,599

March 31, 2020

2. Dividends

Annual dividends

Payout

Dividends

Total

to net

1st

2nd

3rd

ratio

Year-end

Total

dividends

assets

quarter-end

quarter-end

quarter-end

(consolidated)

(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

15.00

-

15.00

30.00

212

20.0

2.1

March 31, 2020

Fiscal year ended

-

15.00

-

15.00

30.00

212

71.0

2.0

March 31, 2021

Fiscal year ending

March 31, 2022

-

15.00

-

15.00

30.00

41.0

(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

(% indicates changes from the previous corresponding period.)

							Net income	Basic earnings
	Net sales		Operating income	Ordinary income	attributable to
		per share
							owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	18,700	11.4	830	64.0	780	30.6	510	72.0	73.11

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* Notes:

(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in

changes in scope of consolidation): No
New: -	Excluded: -

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

March 31, 2021: 7,210,000 shares

March 31, 2020: 7,210,000 shares

1. Total number of treasury shares at the end of the period: March 31, 2021: 233,849 shares
   March 31, 2020: 128,221 shares
2. Average number of shares during the period:

Fiscal year ended March 31, 2021: 7,020,478 shares

Fiscal year ended March 31, 2020: 7,081,779 shares

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(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31,

2021)
	(1) Non-consolidated Operating Results			(% indicates changes from the previous corresponding period.)
					Net sales		Operating income		Ordinary income		Net income
	Fiscal year ended		Million yen	%	Million yen	%		Million yen	%			Million yen	%
		8,519	(18.0)			395	(49.5)		436	(53.2)		280	(60.2)
	March 31, 2021
	Fiscal year ended		10,396	(12.5)			783	(11.8)		933	(15.8)		704	(2.3)
	March 31, 2020
				Basic earnings per share			Diluted earnings per share
									Yen					Yen
Fiscal year ended					39.92					-
March 31, 2021
Fiscal year ended					99.43					-
March 31, 2020
(2) Non-consolidated Financial Position
					Total assets			Net assets	Equity ratio	Net assets per share
						Million yen				Million yen		%		Yen
	As of March 31, 2021			12,314				6,421		52.1		920.50
	As of March 31, 2020			13,095				6,401		48.9		904.01

(Reference) Equity: As of March 31, 2021: ¥6,421 million As of March 31, 2020: ¥6,401 million

• These financial results are outside the scope of audit by a certified public accountant or an audit firm.
• Explanation of the proper use of financial results forecast and other notes

The earnings forecasts and other forward-looking statements herein are based on data currently available to the Company and certain assumptions that the Company believes are reasonable. Actual results may differ significantly from these forecasts due to various factors.

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