Kurita Water Industries : Consolidated Financial Summary for the Fiscal Year Ended March 31, 2021

Consolidated Financial Summary

For the Fiscal Year Ended March 31, 2021

Contents

Results of Operations………………………………………………1

Orders and Net Sales of Water Treatment Facilities……………2

May 6, 2021

Forecasts contained in this report are based on management's assumption

and beliefs in light of the information currently available.

But they may be subject to change due to a wide range of factors,

and no warranty is made regarding their attainability.

Results of Operations

													Unit: Millions of yen
			2020/3				2021/3				2022/3
		1st Half		Full Year		1st Half		Full Year	Full Year		1st Half		Full Year
		Change from	Change from	Change from	Change from	Change from	Change from
		Result	Result	Result	Forecast	Result	Forecast	Forecast
		Previous Year	Previous Year	Previous Year	Previous Year	Previous Year	Previous Year
Orders	137,768	-1,816	259,545	+1,106	127,549	-10,219	264,000	262,341	+2,796	141,000	+13,451	280,000	+17,659
	Water Treatment Chemicals	58,576	+6,103	113,777	+10,838	52,397	-6,179	103,900	103,579	-10,198	56,300	+3,903	112,100	+8,521
	Water Treatment Facilities	79,192	-7,918	145,768	-9,732	75,151	-4,041	160,100	158,762	+12,994	84,700	+9,549	167,900	+9,138
Net Sales	131,758	+5,216	264,807	+7,476	131,012	-746	270,000	267,749	+2,942	128,000	-3,012	276,000	+8,251
	Water Treatment Chemicals	58,484	+6,590	113,632	+11,506	51,511	-6,973	103,900	103,231	-10,401	56,000	+4,489	111,900	+8,669
	Water Treatment Facilities	73,274	-1,374	151,174	-4,030	79,501	+6,227	166,100	164,518	+13,344	72,000	-7,501	164,100	-418
（Cost of Sales Ratio）	(64.8%)	(-4.2)	(65.0%)	(-2.9)	(65.0%)	(+0.2)	(65.4%)	(64.6%)	(-0.4)	(62.5%)	(-2.5)	(62.9%)	(-1.7)
Gross Profit	46,320	+7,107	92,715	+10,054	45,908	-412	93,500	94,676	+1,961	48,000	+2,092	102,500	+7,824
SG&A Expenses	32,552	+4,270	66,060	+9,066	31,868	-684	65,500	65,206	-854	34,000	+2,132	69,500	+4,294
Business Profit	13,768	+2,837	26,654	+987	14,040	+272	28,000	29,470	+2,816	14,000	-40	33,000	+3,530
(Business Profit Margin)	(10.4%)	(+1.8)	(10.1%)	(+0.1)	(10.7%)	(+0.3)	(10.4%)	(11.0%)	(+0.9)	(10.9%)	(+0.2)	(12.0%)	(+0.9)
	Water Treatment Chemicals	6,612	+1,382	11,667	+1,876	6,436	-176	11,700	12,287	+620	8,100	+1,664	15,400	+3,113
	Water Treatment Facilities	7,251	+1,383	15,061	-817	7,628	+377	16,300	17,129	+2,068	5,900	-1,728	17,600	+471
Net of Other Income and Expenses	4,820	+7,618	825	+6,631	2,421	-2,399	1,000	2,059	+1,234	-500	-2,921	-1,000	-3,059
Operating Profit	18,588	+10,456	27,479	+7,619	16,460	-2,128	29,000	31,529	+4,050	13,500	-2,960	32,000	+471
（Operating Profit Margin）	(14.1%)	(+7.7)	(10.4%)	(+2.7)	(12.6%)	(-1.5)	(10.7%)	(11.8%)	(+1.4)	(10.5%)	(-2.1)	(11.6%)	(-0.2)
	Water Treatment Chemicals	6,524	+4,081	10,127	+5,869	6,362	-162	10,200	11,816	+1,689	7,800	+1,438	14,800	+2,984
	Water Treatment Facilities	12,139	+6,326	17,390	+1,872	10,110	-2,029	18,800	19,634	+2,244	5,700	-4,410	17,200	-2,434
Net of Finance Income and Costs	177	+46	-848	-1,107	-607	-784	-1,100	-1,378	-530	-500	+107	-900	+478
Share of profit (loss) of investments	59	+26	60	-86	-7	-66	100	-999	-1,059	100	+107	200	+1,199
accounted for using equity method
Profit Before Tax	18,825	+10,528	26,691	+6,424	15,846	-2,979	28,000	29,150	+2,459	13,100	-2,746	31,300	+2,150
Profit Attributable to	13,503	+7,728	18,287	+6,237	10,772	-2,731	19,000	19,088	+801	8,600	-2,172	21,100	+2,012
Owners of Parent
Basic Earnings per Share (yen)	120.26	+68.82	162.86	+55.53	95.91	-24.35	169.15	169.94	+7.08	76.55	-19.36	187.82	+17.88
Number of Employees	6,868	+649	6,737	+124	7,569	+701	-	7,465	+728	-	-	-	-

Note 1. Orders and net sales are figures for external customers.

Note 2. Business profit and operating profit by segment indicates figures prior to adjustments and eliminations between segments.1 Note 3. Business profit is calculated by deducting cost of sales and SG&A expenses from net sales.

Orders and Net Sales of Water Treatment Facilities

															Unit: Billions of yen
					2020/3				2021/3				2022/3
				1st Half		Full Year		1st Half		Full Year	Full Year		1st Half		Full Year
				Change from	Change from	Change from	Change from	Change from	Change from
				Result	Result	Result	Forecast	Result	Forecast	Forecast
				Previous Year	Previous Year	Previous Year	Previous Year	Previous Year	Previous Year
	Domestic	59.5	-9.4	112.4	-12.8	53.7	-5.8	113.4	114.2	+1.7	62.2	+8.5	123.3	+9.2
		For the Electronics Industry	27.2	-4.4	56.4	-5.0	27.5	+0.3	59.3	60.4	+4.0	29.6	+2.1	61.6	+1.3
			Facilities	1.4	-4.9	5.5	-5.5	1.6	+0.2	6.8	6.6	+1.1	3.0	+1.3	4.9	-1.6
			Maintenance	9.6	+0.8	17.1	-0.6	7.4	-2.2	16.4	17.0	-0.1	7.6	+0.2	18.1	+1.1
			UPWS Business	12.7	-0.4	26.6	+0.8	14.1	+1.4	27.8	28.1	+1.5	14.9	+0.7	30.1	+1.9
			Tool Cleaning	3.5	+0.0	7.2	+0.3	4.3	+0.9	8.3	8.7	+1.5	4.2	-0.2	8.5	-0.1
		For General Industries	32.2	-5.0	56.1	-7.8	26.2	-6.0	54.1	53.8	-2.2	32.6	+6.4	61.7	+7.9
			Energy / Infrastructure	25.6	-1.8	45.5	-5.1	22.9	-2.6	44.5	46.5	+1.1	27.2	+4.3	50.4	+3.9
			Soil Remediation	5.2	-3.1	7.8	-2.8	1.9	-3.3	7.4	4.6	-3.2	4.2	+2.3	8.9	+4.3
			Others	1.5	-0.1	2.8	+0.1	1.3	-0.1	2.2	2.7	-0.1	1.2	-0.2	2.4	-0.3
	Overseas	19.7	+1.5	33.3	+3.1	21.4	+1.7	46.7	44.6	+11.2	22.5	+1.0	44.6	-0.0
			Facilities	13.9	+1.8	22.8	+4.4	9.0	-4.8	21.6	19.3	-3.5	9.3	+0.3	17.6	-1.7
			Maintenance	4.4	-0.2	7.5	-1.1	5.4	+1.1	11.7	10.9	+3.4	6.1	+0.6	12.4	+1.5
			UPWS Business	1.5	-0.1	3.0	-0.2	1.5	-0.0	2.7	3.1	+0.0	1.5	+0.0	3.0	-0.0
			Tool Cleaning	-	-	-	-	5.5	+5.5	10.6	11.4	+11.4	5.6	+0.1	11.6	+0.2
		Total Orders	79.2	-7.9	145.8	-9.7	75.2	-4.0	160.1	158.8	+13.0	84.7	+9.5	167.9	+9.1
	Domestic	55.2	+1.1	115.7	+0.0	56.3	+1.1	120.8	119.1	+3.5	51.7	-4.6	121.4	+2.3
		For the Electronics Industry	28.5	+0.7	56.0	-2.1	29.1	+0.6	59.0	58.9	+3.0	29.6	+0.5	62.4	+3.4
			Facilities	4.5	+0.7	6.1	-3.4	2.4	-2.0	6.5	5.7	-0.4	2.5	+0.1	6.6	+0.9
			Maintenance	7.8	+0.3	16.1	+0.2	8.2	+0.4	16.4	16.5	+0.4	8.1	-0.1	17.2	+0.7
			UPWS Business	12.7	-0.4	26.6	+0.8	14.1	+1.4	27.8	28.1	+1.5	14.9	+0.7	30.1	+1.9
			Tool Cleaning	3.5	+0.1	7.2	+0.3	4.3	+0.8	8.3	8.6	+1.4	4.2	-0.1	8.5	-0.1
		For General Industries	26.7	+0.4	59.7	+2.1	27.2	+0.5	61.8	60.2	+0.5	22.1	-5.1	59.0	-1.2
			Energy / Infrastructure	21.5	+1.8	49.0	+4.5	23.0	+1.5	51.6	50.3	+1.3	18.2	-4.7	48.2	-2.1
			Soil Remediation	3.7	-1.5	7.9	-2.5	2.9	-0.8	8.0	7.2	-0.7	2.7	-0.2	8.4	+1.2
			Others	1.5	+0.2	2.8	+0.2	1.3	-0.2	2.2	2.7	-0.1	1.2	-0.1	2.4	-0.3
	Overseas	18.1	-2.5	35.5	-4.0	23.2	+5.2	45.3	45.4	+9.9	20.3	-2.9	42.7	-2.7
			Facilities	12.1	-4.0	23.8	-4.9	11.4	-0.7	20.6	20.2	-3.7	8.1	-3.2	16.1	-4.1
			Maintenance	4.5	+1.6	8.6	+0.9	4.9	+0.4	11.3	10.8	+2.2	5.2	+0.2	12.0	+1.2
			UPWS Business	1.5	-0.1	3.0	-0.2	1.5	-0.0	2.7	3.1	+0.0	1.5	+0.0	3.0	-0.0
			Tool Cleaning	-	-	-	-	5.5	+5.5	10.6	11.4	+11.4	5.6	+0.1	11.6	+0.2
		Total Sales	73.3	-1.4	151.2	-4.0	79.5	+6.2	166.1	164.5	+13.3	72.0	-7.5	164.1	-0.4

Note. UPWS Business stands for Ultrapure Water Supply Business.

2