Soda Nikka : Summary of Financial Results for the first quarter 2023

Consolidated Financial Statements for the Three Months Ended June 30, 2022 [Japanese GAAP]

August 3, 2022

Company name: SODA NIKKA CO., LTD.

Stock exchange listing: Tokyo Stock Exchange

Code number: 8158

URL: https://www.sodanikka.co.jp/

Representative: Takahiko Nagasu, President and Chief Executive Officer

Contact: Ryuji Mezaki, Member of the Board,Managing Executive Officer and Finance and Accounting Division Director

Phone: [phone]

Scheduled date of filing quarterly report: August 10, 2022

Scheduled date of commencing dividend payments: -

Preparation of supplementary explanatory materials: No

Quarterly financial results briefing: No

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

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

(1) Consolidated Operating Results (Cumulative)	(% indicates changes from the previous corresponding period.)
		Net sales				Operating profit	Ordinary profit	Profit attributable to
					owners of parent
	Three months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	June 30, 2022	14,583	15.2		364	46.6	565	86.9	395	42.2
	June 30, 2021	12,663		-		248	5.3	302	(16.5)	277	5.2
	(Note) Comprehensive	income: Three months	ended June 30, 2022: ¥ -141million[-%]
		Three months ended June 30, 2021: ¥(294) million [-%]
		Basic earnings		Diluted earnings
		per share			per share
	Three months ended	Yen			Yen
	June 30, 2022	17.43			-
	June 30, 2021	11.14			-

(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the previous consolidated fiscal year. For this reason, changes in net sales from the first quarter of the previous fiscal year, before the application of said standard, are not shown.

(2) Consolidated Financial Position
		Total assets	Net assets	Equity ratio
		Million yen	Million yen	%
	As of June 30, 2022	61,480	25,008	40.7
	As of March 31, 2022	60,854	25,229	41.5

(Reference) Equity: As of June 30, 2022: ¥25,008 million As of March 31, 2022: ¥25,229 million

2. Cash Dividends

Annual dividends

1st

2nd

3rd

Year-

quarter-

quarter-

quarter-

Total

end

end

end

end

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

-

8.00

-

16.00

24.00

March 31, 2022

Fiscal year ending

-

March 31, 2023

Fiscal year ending

March 31, 2023

10.00

-

10.00

20.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently: No

3. Forecast of Consolidated Results for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March 31, 2023) (% indicates changes fromthe previous corresponding period.)

										Profit attributable	Basic earnings
	Net sales	Operating profit	Ordinary profit	to owners of
	per share
										parent
Second quarter	Million yen		%	Million yen		%	Million yen		%	Million yen			%	Yen
30,200	14.0	740	31.2	940	43.4	670			29.9	29.56
(cumulative)
Full year	58,800	5.9	1,430	14.2	1,720	10.7	1,200			(12.2)	52.94

(Note) Revision to the forecast of consolidated results announced most recently: Yes

* Notes:

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): None
2. Application of an accounting method specific to the preparation of Quarterly Consolidated Financial Statements:
   No
3. Changes in accounting policies, changes in accounting estimates and retrospective restatement
4. 1. Changes in accounting policies due to the revision of accounting standards: None
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
5. Total number of outstanding shares (common shares)
6. 1. Total number of outstanding shares at the end of the period (including treasury shares):

June 30, 2022: 22,968,000 shares

March 31, 2022: 23,968,000 shares

1. Total number of treasury shares at the end of the period: June 30, 2022: 299,663 shares
   March 31, 2022: 1,299,663 shares
2. Average number of shares during the period:

Three months ended June 30, 2022: 22,668,337 shares

Three months ended June 30, 2021: 24,947,013 shares

• These quarterly financial results are outside the scope of quarterly review by certified public accountants or audit corporations.
• Explanation of the proper use of performance forecast and other notes

The above forecasts are estimated based on the information currently available, and actual results may differ from these forecasts due to a wide range of factors. For assumptions that form the basis of the performance forecast and cautionary notes, etc. on the use of performance forecast, please see "Explanation regarding information on future prospects such as forecast of consolidated results" on page 3 of this Quarterly Consolidated Financial Statements (attached materials, Japanese only).

2. Quarterly Consolidated Financial Statements and Primary Notes

(1) Quarterly Consolidated Balance Sheets

(Million yen)

Assets

Current assets

Cash and deposits

Notes and accounts receivable - trade, and contract assets

Merchandise and finished goods

Other

Allowance for doubtful accounts

Total current assets

Non-current assets

Property, plant and equipment

Intangible assets

Investments and other assets

Investment securities

Distressed receivables

Other

Allowance for doubtful accounts

Total investments and other assets Total non-current assets

Total assets

	As of March 31, 2022		As of June 30, 2022
	7,482		6,949
	35,903	36,852
	1,266		1,384
		674				628
		(112)				(116)
				45,213						45,699
	2,191		2,771
		210				186
	12,471		12,056
		12				8
		769				766
				(14)						(9)
		13,239				12,822
				15,641						15,781
		60,854				61,480

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						(Million yen)
	As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	27,627			28,318
Short-term borrowings	2,766			3,202
Income taxes payable	314			112
Contract liabilities	231			182
Provisions	338			182
Other			598					812
Total current liabilities	31,877			32,810
Non-current liabilities
Deferred tax liabilities	1,653			1,574
Retirement benefit liability	1,234			1,248
Other	859			838
Total non-current liabilities			3,747					3,661
Total liabilities	35,625			36,472
Net assets
Shareholders' equity
Share capital	3,762			3,762
Capital surplus	3,116			3,116
Retained earnings	13,892			13,209
Treasury shares	(930)			(214)
Total shareholders' equity			19,841					19,873

Accumulated other comprehensive income Valuation difference on available-for-sale

securities

Deferred gains or losses on hedges Revaluation reserve for land Foreign currency translation adjustment Remeasurements of defined benefit plans

Total accumulated other comprehensive income

Total net assets

Total liabilities and net assets

		5,174			4,884
		3
		6
		198			198
		69			100
		(57)					(54)
			5,388				5,134
		25,229					25,008
		60,854			61,480

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