Yamatane : Consolidated Financial Results for the Three Months Ended June 30, 2022

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.

	Consolidated Financial Results
	for the Three Months Ended June 30, 2022
	[Japanese GAAP]
	August 5, 2022
Company name:	Yamatane Corporation
Stock exchange listing:	Tokyo Stock Exchange
Securities code:	9305
URL:	https://www.yamatane.co.jp
Representative:	Motohiro Yamazaki, Representative Director, President
Contact:	Ichiro Tasaki, General Manager, Accounting & Finance Department, Administration
	Division
Phone:	[phone]

Scheduled date for filing quarterly securities report: August 12, 2022

Scheduled date for commencing dividend payments: -

Preparation of supplementary briefing materials for quarterly financial results: None

Holding of quarterly financial results briefing: None

(Amounts of less than one million yen are truncated.)

1. Consolidated financial results for the three months ended June 30, 2022 (April 1, 2022 to June 30, 2022)

(1) Consolidated operating results				(% indicates year-on-year change)
		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	12,501	8.1	861	26.3	967	42.3		516	58.7
	June 30, 2021	11,559	-	682	(6.3)	679	(8.0)		325	(17.8)
	Note: Comprehensive	income: Three months	ended June 30, 2022: ¥1,263 million [744.7 %]
		Three months ended June 30, 2021: ¥149 million [(56.8)%]
		Basic earnings	Diluted earnings
		per share		per share
	Three months ended	Yen		Yen
	June 30, 2022	50.03		-
	June 30, 2021	31.53		-

Note: The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. has been adopted from the beginning of the first quarter ended June 30, 2021. Accordingly, net sales for the three months ended June 30, 2021 reflect the adoption of the accounting standard, etc., and the year-on-year percentage change is not presented.

(2) Consolidated financial position

	Total assets	Net assets	Equity ratio	Net assets per share
As of	Million yen	Million yen	%	Yen
June 30, 2022	123,804	46,475	35.1	4,208.42
March 31, 2022	123,425	45,558	34.5	4,127.33

Reference: Equity: As of June 30, 2022: ¥43,445 million

As of March 31, 2022: ¥42,608 million

2. Dividends

			Annual dividends per share
		1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
Fiscal year ended		Yen	Yen		Yen	Yen	Yen
	-	25.00		-	30.00	55.00
March 31, 2022
Fiscal year ending		-
March 31, 2023
Fiscal year ending
March 31, 2023			25.00		-	31.00	56.00
(Forecast)

Note: Revision to the most recently announced forecast of dividends: None

3. Consolidated financial results forecast for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)

							(% indicates year-on-year change)
							Profit		Basic earnings
	Net sales	Operating profit	Ordinary profit	attributable to
	per share
							owners of parent
First half	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
25,800	10.9	1,400	3.8	1,290	8.6	670	(3.6)	64.90
Full year	52,100	11.4	2,890	(3.8)	2,650	(0.2)	1,420	(22.5)	137.54

Note: Revision to the most recently announced forecast of financial results: None

* Notes:

1. Changes in significant subsidiaries during the current period (changes in specified subsidiaries resulting in a change in the scope of consolidation): None
2. Application of special accounting methods for preparing quarterly consolidated financial statements: Yes
   (Note) For details, please refer to "2. Quarterly Consolidated Financial Statements and Primary Notes (3) Notes to Quarterly Consolidated Financial Statements: Application of special accounting methods for preparing quarterly consolidated financial statements" on page 8 of the Japanese version of the attached materials.
3. Changes in accounting policies, changes in accounting estimates, and retrospective restatements
4. 1. Changes in accounting policies due to application of revised accounting standards: None
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatements: None
5. Number of common shares issued
6. 1. Number of shares issued at the end of the period (including treasury shares):

As of June 30, 2022: 11,344,181 shares

As of March 31, 2022: 11,344,181 shares

• 1. Number of treasury shares at the end of the period: As of June 30, 2022: 1,020,752 shares
     As of March 31, 2022: 1,020,692 shares
  2. Average number of common shares during the period: Three months ended June 30, 2022: 10,323,429 shares Three months ended June 30, 2021: 10,323,791 shares
• These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
• Explanation on appropriate use of financial results forecasts and other matters of note
• • Financial results forecasts and other forward-looking statements provided in these materials are based on information available to the Company and certain assumptions deemed reasonable as of the date of publication of this document, and are not intended to provide any assurance that they will be accomplished in the future. Actual financial results and other aspects of business performance may differ significantly from these forecasts owing to various factors. Please refer to "1. Qualitative Information on Quarterly Financial Results for the Period under Review (3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information" on page 3 of the Japanese version of the attached materials for conditions forming the basis for financial results forecasts, notes regarding the use of financial results forecasts, and other information.

Quarterly Consolidated Financial Statements

(1) Quarterly Consolidated Balance Sheet

				(Million yen)
			Previous fiscal year	First quarter under review
			(As of March 31, 2022)	(As of June 30, 2022)
Assets
Current assets
Cash and deposits	7,459	6,342
Notes and accounts receivable - trade, and	6,225	6,361
contract assets
Inventories	1,568	1,358
Other	4,774	4,300
Allowance for doubtful accounts	(2)	(0)
Total current assets			20,025	18,361
Non-current assets
Property, plant and equipment
Buildings and structures, net	27,401	27,147
Land	50,433	50,574
Other, net	8,824	8,768
Total property, plant and equipment			86,660	86,490
Intangible assets	982	2,056
Investments and other assets
Investment securities	14,229	15,263
Other	1,403	1,523
Allowance for doubtful accounts	(36)	(36)
Total investments and other assets			15,596	16,750
Total non-current assets	103,239	105,297
Deferred assets			160	145
Total assets		123,425	123,804

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				(Million yen)
			Previous fiscal year	First quarter under review
			(As of March 31, 2022)	(As of June 30, 2022)
Liabilities
Current liabilities
Trade accounts payable	2,506	2,129
Short-term borrowings	5,141	4,805
Current portion of long-term borrowings	5,264	5,307
Current portion of bonds payable	901	901
Other	3,525	3,242
Total current liabilities			17,339	16,386
Non-current liabilities
Bonds payable	23,331	23,331
Long-term borrowings	21,522	21,873
Provision for environmental measures	2	-
Retirement benefit liability	1,622	1,640
Asset retirement obligations	2,334	2,388
Other	11,715	11,708
Total non-current liabilities			60,527	60,942
Total liabilities	77,867	77,329
Net assets
Shareholders' equity
Share capital	10,555	10,555
Capital surplus	3,747	3,747
Retained earnings	22,379	22,586
Treasury shares	(2,234)	(2,234)
Total shareholders' equity			34,448	34,655
Accumulated other comprehensive income
Valuation difference on available-for-sale	5,304	5,964
securities
Deferred gains or losses on hedges	-	(31)
Revaluation reserve for land	2,872	2,872
Remeasurements of defined benefit plans		(17)	(16)
Total accumulated other comprehensive	8,159	8,789
income
Non-controlling interests	2,950	3,030
Total net assets			45,558	46,475
Total liabilities and net assets		123,425	123,804

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