Uoriki : ［Delayed］Summary of Consolidated Financial Results for the Year Ended March 31, 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 Year Ended March 31, 2022
			(Based on Japanese GAAP)
																							May 6, 2022
Company name:	UORIKI CO.,LTD.
Stock exchange listing:	Tokyo
Stock code:	7596	URL https://uoriki.co.jp/
Representative:	PRESIDENT REPRESENTATIVE	MASAYUKI YAMADA
DIRECTOR
	DIRECTOR
Inquiries:	DIVISION MANAGER			TAKASHI OGONUKI	TEL [phone]
	ADMINISTRATION DEPT.
Scheduled date of ordinary general meeting of shareholders:	June 28, 2022
Scheduled date to file Securities Report:			June 29, 2022
Scheduled date to commence dividend payments:			June 13, 2022
Preparation of supplementary material on financial results:	No
Holding of financial results meeting:							Yes	(for institutional investors and analysts)
												(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Consolidated operating results															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		%
Year ended March 31, 2022		34,127		6.4	1,452		6.2				2,056		23.3	1,009		9.7
Year ended March 31, 2021		32,071		4.4	1,366		19.7				1,668		25.5			919		15.2
			Earnings per share		Diluted earnings per	Profit attributable to		Ordinary profit/total	Operating profit/net
					share			owners of				assets			sales
										parent/equity
				Yen			Yen						%						%				%
Year ended March 31, 2022		72.34			-						6.3						10.6				4.3
Year ended March 31, 2021		65.94			-						6.1						9.2				4.3
(2) Consolidated financial position
			Total assets			Net assets				Equity ratio		Net assets per share
			Millions of yen	Millions of yen							%					Yen
As of March 31, 2022			19,506					16,180								82.9			1,158.92
As of March 31, 2021			19,167					15,794								82.3			1,131.57
(3) Consolidated cash flows
			Cash flows from	Cash flows from		Cash flows from	Cash and cash equivalents
			operating activities	investing activities		financing activities		at end of period
			Millions of yen	Millions of yen			Millions of yen		Millions of yen
Year ended March 31, 2022					1,759					(201)								(669)					7,022
Year ended March 31, 2021					921					160								(507)					6,121
2. Cash dividends
							Annual dividends per share							Total cash	Dividend payout	Ratio of dividends
																		to net assets
			1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end			Total			dividends (Total)	ratio (Consolidated)	(Consolidated)
			Yen			Yen	Yen				Yen		Yen	Millions of yen	%			%
Year ended March 31, 2021		-		18.00	-				30.00			48.00			669	72.8			4.4
Year ended March 31, 2022		-		18.00	-				30.00			48.00			669	66.4			4.2
Year ending March 31, 2023		-			24.00	-				24.00			48.00				58.7
(Forecast)
								1

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

Earnings per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Six months ending

16,800

3.6

550

(3.7)

670

(20.2)

440

(31.4)

31.54

September 30, 2022

Full year

35,200

3.1

1,530

5.4

1,760

(14.4)

1,140

13.0

81.72

4. Notes

(1) Changes in significant subsidiaries during the year ended March 31, 2022

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2) 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

(3) Number of issued shares (common shares)

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

As of March 31, 2022

14,620,000 shares

As of March 31, 2021

14,620,000 shares

Number of treasury shares at the end of the period

As of March 31, 2022

669,263 shares

As of March 31, 2021

671,463 shares

Average number of shares during the period

Year ended March 31, 2022

13,950,032 shares

Year ended March 31, 2021

13,947,862 shares

2

Consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of March 31, 2021	As of March 31, 2022
Assets
Current assets
Cash and deposits	6,127,830	7,024,940
Accounts receivable - trade	2,812,462	2,845,578
Merchandise and finished goods	197,477	409,258
Raw materials and supplies	37,885	18,848
Other	401,049	165,308
Allowance for doubtful accounts	(593)	(772)
Total current assets	9,576,112	10,463,161
Non-current assets
Property, plant and equipment
Buildings and structures	1,933,447	1,718,358
Accumulated depreciation	(866,071)	(985,492)
Buildings and structures, net	1,067,376	732,865
Machinery, equipment and vehicles	30,204	28,753
Accumulated depreciation	(13,947)	(18,602)
Machinery, equipment and vehicles, net	16,256	10,150
Construction in progress	2,231	-
Other	1,795,715	1,807,411
Accumulated depreciation	(1,329,696)	(1,469,828)
Other, net	466,019	337,583
Total property, plant and equipment	1,551,884	1,080,599
Intangible assets
Other	24,419	21,353
Total intangible assets	24,419	21,353
Investments and other assets
Investment securities	6,216,934	6,097,157
Deferred tax assets	239,322	242,774
Retirement benefit asset	8,532	-
Leasehold and guarantee deposits	1,312,349	1,348,509
Other	238,259	253,382
Total investments and other assets	8,015,398	7,941,824
Total non-current assets	9,591,702	9,043,777
Total assets	19,167,815	19,506,939

3

			(Thousands of yen)
		As of March 31, 2021	As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	1,307,804	1,136,630
Accounts payable - other	1,045,884	922,344
Income taxes payable	341,183	318,859
Provision for bonuses	275,158	317,489
Other	153,069	336,554
Total current liabilities	3,123,101	3,031,878
Non-current liabilities
Retirement benefit liability	-	3,096
Asset retirement obligations	226,285	267,551
Other	24,000	24,000
Total non-current liabilities	250,285	294,647
Total liabilities	3,373,386	3,326,526
Net assets
Shareholders' equity
Share capital	1,563,620	1,563,620
Capital surplus	1,466,656	1,467,980
Retained earnings	13,200,312	13,539,939
Treasury shares	(968,005)	(964,833)
Total shareholders' equity	15,262,583	15,606,706
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	523,646	576,062
Foreign currency translation adjustment	(2,115)	(1,152)
Remeasurements of defined benefit plans	(427)	(13,885)
Total accumulated other comprehensive income	521,103	561,024
Non-controlling interests	10,742	12,682
Total net assets	15,794,428	16,180,413
Total liabilities and net assets	19,167,815	19,506,939

4

Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

			(Thousands of yen)
		Fiscal year ended	Fiscal year ended
		March 31, 2021	March 31, 2022
Net sales	32,071,988	34,127,606
Cost of sales	19,277,019	20,641,310
Gross profit	12,794,968	13,486,295
Selling, general and administrative expenses	11,427,985	12,034,112
Operating profit	1,366,983	1,452,182
Non-operating income
Interest income	82,571	63,315
Dividend income	93,553	152,011
Share of profit of entities accounted for using equity method	79,263	27,282
Subsidy income	13,282	197,033
Subsidy income	1,048,888	277,072
Foreign exchange gains	21,136	38,114
Gain on sale of investment securities	-	70,913
Other	19,565	26,986
Total non-operating income	1,358,260	852,730
Non-operating expenses
Loss on sale of investment securities	-	393
Loss on valuation of investment securities	-	23,880
Loss on valuation of derivatives	9,733	15,486
Expenses on urgent support for fishermen	1,047,369	208,689
Total non-operating expenses	1,057,102	248,449
Ordinary profit	1,668,141	2,056,463
Extraordinary income
Gain on sale of non-current assets	-	640
Gain on sale of investment securities	93,271	86,311
Total extraordinary income	93,271	86,952
Extraordinary losses
Loss on sale of investment securities	84,028	-
Loss on sale of non-current assets	-	4,080
Loss on retirement of non-current assets	22,927	4,979
Impairment losses	283,151	615,046
Loss on cancellation of rental contracts	2,722	-
Total extraordinary losses	392,829	624,106
Profit before income taxes	1,368,582	1,519,309
Income taxes - current	526,439	528,796
Income taxes - deferred	(77,029)	(20,623)
Total income taxes	449,409	508,173
Profit	919,173	1,011,135
Profit (loss) attributable to non-controlling interests	(582)	1,940
Profit attributable to owners of parent	919,755	1,009,195

5