Tayca : (Delayed)Summary of Consolidated Financial Results for the Three Months Ended June 30,2022(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, 2022
		(Based on Japanese GAAP)
		August 10, 2022
Company name:	TAYCA CORPORATION
Stock exchange listing:	Tokyo
Stock code:	4027	URL https://www.tayca.co.jp/

Representative:	Representative Director,	Shunji Idei
President Executive Officer
	Director, Managing Executive Officer
Inquiries:	General Manager	Yasuyuki Nakatsuka	TEL [phone]
	General Affairs Department
Scheduled date to file Quarterly Securities Report:	August 12, 2022
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, 2022 (from April 1, 2022 to June 30, 2022)

(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, 2022	13,253		23.1		1,410	36.0		1,684		42.0		1,253		38.5
Three months ended June 30, 2021	10,766		7.2		1,036	(12.5)		1,185			(7.5)		904		(0.9)
	Earnings per share		Diluted earnings per share
			Yen					Yen
Three months ended June 30, 2022			54.07					-
Three months ended June 30, 2021			39.05					-
(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, 2022		69,888					51,679				73.4		2,212.65
As of March 31, 2022		72,128					51,263				70.6		2,196.16
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, 2022		-			18.00			-				18.00			36.00
Year ending March 31, 2023		-
Year ending March 31, 2023 (Forecast)					18.00			-				18.00			36.00

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

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
26,000	18.0	2,000		3.0	2,100		(1.5)	1,500	(7.1)	64.72
September 30, 2022
Full year	54,000	16.5	3,900		6.8	4,200		1.1	2,900	1.9	125.13
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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (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:	No
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, 2022	25,714,414	shares	As of March 31, 2022	25,714,414	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	2,539,325	shares	As of March 31, 2022	2,539,291	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	23,175,089	shares	Three months ended June 30, 2021	23,175,717	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	13,060	10,015
Notes and accounts receivable - trade	13,738	14,695
Electronically recorded monetary claims - operating	350	389
Merchandise and finished goods	8,044	9,092
Work in process	1,279	1,273
Raw materials and supplies	4,997	5,198
Other	831	811
Allowance for doubtful accounts	(2)	(3)
Total current assets	42,300	41,472
Non-current assets
Property, plant and equipment
Buildings and structures, net	6,421	6,931
Machinery, equipment and vehicles, net	7,028	7,219
Other, net	3,796	2,786
Total property, plant and equipment	17,246	16,938
Intangible assets
Goodwill	1,463	1,492
Other	164	147
Total intangible assets	1,628	1,640
Investments and other assets
Investment securities	9,786	8,710
Other	1,186	1,147
Allowance for doubtful accounts	(20)	(20)
Total investments and other assets	10,953	9,837
Total non-current assets	29,827	28,416
Total assets		72,128	69,888

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			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	6,873	6,106
Short-term borrowings	2,906	2,896
Income taxes payable	864	427
Provision for bonuses	360	199
Other	3,485	2,835
Total current liabilities	14,490	12,465
Non-current liabilities
Long-term borrowings	2,100	1,759
Retirement benefit liability	3,152	3,145
Other	1,121	838
Total non-current liabilities	6,374	5,743
Total liabilities	20,865	18,209
Net assets
Shareholders' equity
Share capital	9,855	9,855
Capital surplus	6,766	6,766
Retained earnings	31,562	32,398
Treasury shares	(2,460)	(2,460)
Total shareholders' equity	45,725	46,561
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	4,912	4,165
Deferred gains or losses on hedges	181	175
Foreign currency translation adjustment	72	366
Remeasurements of defined benefit plans	4	9
Total accumulated other comprehensive income	5,170	4,717
Non-controlling interests	367	401
Total net assets	51,263	51,679
Total liabilities and net assets		72,128	69,888

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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, 2021	June 30, 2022
Net sales	10,766	13,253
Cost of sales	8,228	10,284
Gross profit	2,537	2,969
Selling, general and administrative expenses	1,500	1,558
Operating profit	1,036	1,410
Non-operating income
Interest income	0	1
Dividend income	103	118
Foreign exchange gains	13	144
Other	42	28
Total non-operating income	159	291
Non-operating expenses
Interest expenses	7	12
Loss on abandonment of inventories	1	4
Other	2	1
Total non-operating expenses	10	18
Ordinary profit	1,185	1,684
Extraordinary income
Gain on cancellation of leases	21	-
Total extraordinary income	21	-
Extraordinary losses
Loss on retirement of non-current assets	13	8
Total extraordinary losses	13	8
Profit before income taxes	1,194	1,675
Income taxes - current	263	367
Income taxes - deferred	15	45
Total income taxes	279	412
Profit	915	1,263
Profit attributable to non-controlling interests	10	10
Profit attributable to owners of parent		904	1,253

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