Tokyo Ohka Kogyo : Consolidated Financial Results for the Fiscal Year Ended December 31, 2021 (Under Japanese GAAP)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

February 14, 2022

Consolidated Financial Results

for the Fiscal Year Ended December 31, 2021

(Under Japanese GAAP)

Company name:	Tokyo Ohka Kogyo Co., Ltd.
Listing:	Tokyo Stock Exchange
Securities code:	4186
URL:	https://www.tok.co.jp/eng
Representative:	Noriaki Taneichi	President and Chief Executive Officer
Inquiries:	Daisuke Matsuyama	General Manager, Accounting Division
Telephone:	[phone]

Scheduled date of annual general meeting of shareholders:	March 30, 2022
Scheduled date to commence dividend payments:	March 31, 2022
Scheduled date to file annual securities report:	March 30, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended December 31, 2021 (from January 1, 2021 to December 31, 2021)

(1) Consolidated operating results					(% indicates the rate of increase/decrease year-on-year.)
		Net sales			Operating profit		Ordinary profit		Profit attributable to
							owners of parent
Fiscal year ended	Millions of yen		%	Millions of yen	%		Millions of yen	%		Millions of yen		%
December 31, 2021		140,055		19.1	20,707		32.8			21,664	34.3			17,748		78.8
December 31, 2020		117,585		14.4	15,589		63.3			16,129	66.2			9,926		83.5
Note: Comprehensive income	For the fiscal year ended December 31, 2021:	¥22,998 million	[67.0%]
		For the fiscal year ended December 31, 2020:	¥13,767 million	[69.6%]
	Basic earnings		Diluted earnings		Return on equity		Ratio of ordinary	Ratio of operating
	per share			per share			profit to total assets	profit to net sales
Fiscal year ended			Yen		Yen				%			%		%
December 31, 2021		430.73			429.91				11.5			10.4		14.8
December 31, 2020		239.42			238.78				6.7				8.3		13.3
(2) Consolidated financial position
		Total assets			Net assets		Equity-to-asset ratio		Net assets per share
As of		Millions of yen	Millions of yen					%					Yen
December 31, 2021		217,264			165,190					71.7				3,880.18
December 31, 2020		201,185			159,994					75.3				3,651.20
Reference: Equity
As of December 31, 2021:		¥155,829 million
As of December 31, 2020:		¥151,556 million
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* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
   Newly included: None
   Excluded: None
2. Changes in accounting policies, changes in accounting estimates, and restatement
3. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
4. Number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2021	42,600,000 shares
As of December 31, 2020	45,100,000 shares

(ii) Number of treasury shares at the end of the period

As of December 31, 2021	2,439,651 shares
As of December 31, 2020	3,591,418 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended December 31, 2021	41,205,908 shares
Fiscal year ended December 31, 2020	41,460,152 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended December 31, 2021 (from January 1, 2021 to December 31, 2021)

(1) Non-consolidated operating results				(% indicates year-on-year changes.)
	Net sales		Operating profit	Ordinary profit	Profit
Fiscal year ended	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen		%
December 31, 2021	84,327		17.5	11,561	85.9	16,401	86.4	16,987		159.2
December 31, 2020	71,796		13.1	6,220	87.9	8,797	67.5	6,553		65.1
	Basic earnings		Diluted earnings
	per share		per share
Fiscal year ended			Yen		Yen
December 31, 2021	412.25		411.47
December 31, 2020	158.07		157.65
(2) Non-consolidated financial position
	Total assets		Net assets	Equity-to-asset ratio	Net assets per share
As of	Millions of yen	Millions of yen		%			Yen
December 31, 2021	164,548		129,395		78.5		3,216.61
December 31, 2020	158,536		129,394		81.4		3,109.95
Reference: Equity
As of December 31, 2021:	¥129,180 million
As of December 31, 2020:	¥129,089 million

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

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• Proper use of earnings forecasts, and other special matters
  The forecasts given in this document are based on the current available information in the company and certain reasonable assumptions of the company. And we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.
• • # #

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