Amita : Summary of Consolidated Financial Results for the Six 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.

[Delayed] Summary of Consolidated Financial Results

for the Six Months Ended June 30, 2022

(Based on Japanese GAAP)

																				August 10, 2022
Company name:	AMITA HOLDINGS CO., LTD.
Stock exchange listing:	Tokyo
Stock code:	2195	URL	https://www.amita-hd.co.jp/
Representative:	Chairman and Chief Executive Officer		Eisuke Kumamo
Inquiries:	Chief Financial Officer				Shinichi Karakama	TEL	03-5296-9371
Scheduled date to file Quarterly Securities Report:				August 10, 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 six months ended June 30, 2022 (from January 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		%
Six months ended June 30, 2022		2,370			-		269		0.9			308			(3.6)		225		3.7
Six months ended June 30, 2021		2,510		13.0		267		153.9			320		148.5		217		11.8
			Earnings per share			Diluted earnings per share
							Yen				Yen
Six months ended June 30, 2022				38.53					-
Six months ended June 30, 2021				37.16					-
(2) Consolidated financial position
			Total assets			Net assets		Equity ratio
			Millions of yen			Millions of yen						%
As of June 30, 2022					4,459						1,655					37.3
As of December 31, 2021				4,427						1,455					32.9
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 December 31, 2021				-		0.00				-					30.00			30.00
Year ending December 31, 2022				-		0.00
Year ending December 31, 2022 (Forecast)											-					8.00			8.00

3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)

Percentages indicate year-on-year changes

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per share
		owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	5,248	1.8	803	43.4	892	41.8	604	(4.5)	103.35

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4. Notes
(1)	Changes in significant subsidiaries during the six months ended June 30, 2022	No
	(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
(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, 2022	5,847,120 shares	As of December 31, 2021	5,847,120	shares
	Number of treasury shares at the end of the period
		As of June 30, 2022	1,255 shares	As of December 31, 2021	1,255 shares
	Average number of shares during the period (cumulative from the beginning of the fiscal year)
		Six months ended June 30, 2022	5,845,865 shares	Six months ended June 30, 2021	5,846,085	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Thousands of yen)
		As of December 31, 2021	As of June 30, 2022
Assets
Current assets
Cash and deposits	1,390,556	1,562,782
Notes and accounts receivable - trade	703,114	648,619
Merchandise and finished goods	34,754	19,361
Work in process	27,635	26,603
Raw materials and supplies	4,289	2,439
Other	186,172	139,740
Allowance for doubtful accounts	(70)	(60)
Total current assets	2,346,453	2,399,486
Non-current assets
Property, plant and equipment
Buildings and structures, net	432,483	418,356
Machinery, equipment and vehicles,	360,730	341,863
net
Land	792,290	792,290
Other, net	48,225	70,915
Total property, plant and equipment	1,633,730	1,623,426
Intangible assets	25,900	33,985
Investments and other assets	421,227	403,089
Total non-current assets	2,080,858	2,060,500
Total assets		4,427,311	4,459,986

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			(Thousands of yen)
		As of December 31, 2021	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	353,579	288,118
Current portion of long-term borrowings	150,000	150,000
Income taxes payable	29,158	20,783
Provision for bonuses	98,388	78,285
Other	680,884	660,483
Total current liabilities	1,312,011	1,197,670
Non-current liabilities
Long-term borrowings	1,200,000	1,125,000
Retirement benefit liability	330,986	339,136
Asset retirement obligations	101,639	102,098
Other	27,650	30,883
Total non-current liabilities	1,660,276	1,597,117
Total liabilities	2,972,287	2,794,788
Net assets
Shareholders' equity
Share capital	474,920	474,920
Capital surplus	244,683	244,683
Retained earnings	728,972	919,140
Treasury shares	(375)	(375)
Total shareholders' equity	1,448,200	1,638,368
Accumulated other comprehensive income
Foreign currency translation adjustment	6,823	26,829
Total accumulated other comprehensive	6,823	26,829
income
Total net assets	1,455,024	1,665,197
Total liabilities and net assets		4,427,311	4,459,986

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

Consolidated statements of income (cumulative)

			(Thousands of yen)
		Six months ended	Six months ended
		June 30, 2021	June 30, 2022
Net sales	2,510,856	2,370,881
Cost of sales	1,527,234	1,360,105
Gross profit	983,621	1,010,775
Selling, general and administrative expenses	716,207	740,829
Operating profit	267,414	269,946
Non-operating income
Interest income	53	54
Share of profit of entities accounted for using	51,344	36,120
equity method
Foreign exchange gains	-	7,308
Other	21,490	6,758
Total non-operating income	72,888	50,240
Non-operating expenses
Interest expenses	13,861	8,477
Foreign exchange losses	3,613	-
Loss on cancellation of leases	-	2,245
Other	2,508	616
Total non-operating expenses	19,983	11,339
Ordinary profit	320,319	308,847
Profit before income taxes	320,319	308,847
Income taxes - current	97,010	14,071
Income taxes - deferred	6,071	69,533
Total income taxes	103,081	83,604
Profit	217,237	225,243
Profit attributable to owners of parent		217,237	225,243

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