Tayca : (Delayed)Summary of Consolidated Financial Results for the Three Months Ended June 30,2021(Based on Japanese GAAP)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

		Summary of Consolidated Financial Results
		for the Three Months Ended June 30, 2021
		(Based on Japanese GAAP)
		August 6, 2021
Company name:	TAYCA CORPORATION
Stock exchange listing:	Tokyo
Stock code:	4027	URL http://www.tayca.co.jp/

Representative:	Representative Director	Hirofumi Yamazaki
President Executive Officer
	Managing Executive Officer
Inquiries:	General Manager	Yasuyuki Nakatsuka	TEL [phone]
	General Affairs Department
Scheduled date to file Quarterly Securities Report:	August 13, 2021
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)								Percentages indicate year-on-year changes
	Net sales				Operating profit	Ordinary profit		Profit attributable to
						owners of parent
	Millions of yen		%	Millions of yen	%	Millions of yen			%	Millions of yen		%
Three months ended June 30, 2021	10,766		7.2		1,036	(12.5)		1,185			(7.5)		904		(0.9)
Three months ended June 30, 2020	10,045	(12.9)		1,184	(24.0)		1,281		(18.1)		913		(16.4)
	Earnings per share		Diluted earnings per share
			Yen					Yen
Three months ended June 30, 2021			39.05					-
Three months ended June 30, 2020			39.41					-
(2) Consolidated financial position
	Total assets				Net assets	Equity ratio			Net assets per share
	Millions of yen			Millions of yen					%				Yen
As of June 30, 2021		70,349					50,705				71.6		2,172.33
As of March 31, 2021		69,177					50,230				72.1		2,152.62
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen			Yen
Year ended March 31, 2021		-			18.00			-				18.00			36.00
Year ending March 31, 2022		-
Year ending March 31, 2022 (Forecast)					18.00			-				18.00			36.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit		Profit attributable to	Earnings per share
			owners of parent
Six months ending	Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen	%	Yen
20,200	4.8	1,150	(36.4)	1,350		(0.6)	900	(6.7)	38.83
September 30, 2021
Full year	42,200	9.9	2,200	(24.8)	2,800		2.2	1,800	(6.6)	77.67
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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of June 30, 2021	25,714,414	shares	As of March 31, 2021	25,714,414	shares
Number of treasury shares at the end of the period
	As of June 30, 2021	2,538,757	shares	As of March 31, 2021	2,538,667	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2021	23,175,717	shares	Three months ended June 30, 2020	23,176,086	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2021	As of June 30, 2021
Assets
Current assets
Cash and deposits	13,329	13,021
Notes and accounts receivable - trade	11,395	12,294
Merchandise and finished goods	7,164	7,736
Work in process	1,116	1,170
Raw materials and supplies	3,342	3,917
Other	634	593
Allowance for doubtful accounts	(2)	(2)
Total current assets	36,979	38,730
Non-current assets
Property, plant and equipment
Buildings and structures, net	6,724	6,642
Machinery, equipment and vehicles, net	7,774	7,431
Other, net	3,125	3,216
Total property, plant and equipment	17,624	17,289
Intangible assets
Goodwill	1,536	1,585
Other	230	217
Total intangible assets	1,767	1,802
Investments and other assets
Investment securities	11,797	11,296
Other	1,032	1,250
Allowance for doubtful accounts	(23)	(20)
Total investments and other assets	12,806	12,526
Total non-current assets	32,198	31,618
Total assets		69,177	70,349

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			(Millions of yen)
		As of March 31, 2021	As of June 30, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade	3,914	5,169
Short-term borrowings	2,415	2,601
Income taxes payable	442	305
Provision for bonuses	350	185
Other	2,875	3,093
Total current liabilities	9,999	11,356
Non-current liabilities
Long-term borrowings	4,038	3,553
Retirement benefit liability	3,152	3,135
Other	1,757	1,598
Total non-current liabilities	8,948	8,287
Total liabilities	18,947	19,643
Net assets
Shareholders' equity
Share capital	9,855	9,855
Capital surplus	6,766	6,766
Retained earnings	29,551	30,039
Treasury shares	(2,459)	(2,459)
Total shareholders' equity	43,714	44,202
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	6,370	6,022
Deferred gains or losses on hedges	61	99
Foreign currency translation adjustment	(187)	83
Remeasurements of defined benefit plans	(71)	(62)
Total accumulated other comprehensive income	6,173	6,142
Non-controlling interests	341	360
Total net assets	50,230	50,705
Total liabilities and net assets		69,177	70,349

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2020	June 30, 2021
Net sales	10,045	10,766
Cost of sales	7,299	8,228
Gross profit	2,745	2,537
Selling, general and administrative expenses	1,560	1,500
Operating profit	1,184	1,036
Non-operating income
Interest income	0	0
Dividend income	115	103
Foreign exchange gains	-	13
Other	15	42
Total non-operating income	130	159
Non-operating expenses
Interest expenses	10	7
Foreign exchange losses	11	-
Loss on abandonment of inventories	6	1
Other	5	2
Total non-operating expenses	34	10
Ordinary profit	1,281	1,185
Extraordinary income
Gain on cancellation of leases	-	21
Total extraordinary income	-	21
Extraordinary losses
Loss on retirement of non-current assets	17	13
Total extraordinary losses	17	13
Profit before income taxes	1,263	1,194
Income taxes - current	243	263
Income taxes - deferred	99	15
Total income taxes	343	279
Profit	920	915
Profit attributable to non-controlling interests	6	10
Profit attributable to owners of parent		913	904

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