Inabata : ［Delayed］［Summary］Summary of Consolidated Financial Results for the Year Ended March 31, 2021 (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, 2021

(Based on Japanese GAAP)

																				May 11, 2021
Company name:	Inabata&Co.,Ltd.
Stock exchange listing:	Tokyo
Stock code:	8098	URL https://www.inabata.co.jp
Representative:	Director,President				Katsutaro Inabata
Inquiries:	General Manager,				Koichi Noda		TEL [phone]
Financial Management Office
Scheduled date of ordinary general meeting of shareholders:	June 23, 2021
Scheduled date to file Securities Report:				June 24, 2021
Scheduled date to commence dividend payments:				June 2, 2021
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, 2021 (from April 1, 2020 to March 31, 2021)
(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, 2021	577,583			(3.8)	14,973		13.2		16,514	16.2		13,792		20.8
Year ended March 31, 2020	600,312			(5.4)	13,229		(5.7)		14,211	(0.7)	11,415		(11.5)
		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, 2021	229.13			-				8.6						4.9					2.6
Year ended March 31, 2020	188.82			-				7.4						4.1					2.2
(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, 2021				353,228			175,803					49.2					2,887.29
As of March 31, 2020				322,848			147,726					45.2					2,424.13
(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, 2021			17,613					(423)					(17,582)						25,983
Year ended March 31, 2020			10,690					(525)					(7,273)						25,480
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, 2020	-		20.00	-				33.00	53.00		3,211		28.1				2.1
Year ended March 31, 2021	-		20.00	-				43.00	63.00		3,810		27.5				2.4
Year ending March 31, 2022	-		30.00	-				40.00	70.00				30.1
(Forecast)

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3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

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
290,000	-	6,800		-	7,200		-		6,800		-	112.96
September 30, 2021
Full year	600,000	-	14,500		-	15,000		-		14,000		-	232.57
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2021			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:	No
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, 2021	63,499,227	shares	As of March 31, 2020	63,499,227	shares
Number of treasury shares at the end of the period
	As of March 31, 2021	3,302,651	shares	As of March 31, 2020	3,302,640	shares
Average number of shares during the period
	Year ended March 31, 2021	60,196,584	shares	Year ended March 31, 2020	60,453,611	shares

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Consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2020	As of March 31, 2021
Assets
Current assets
Cash and deposits	29,440	31,462
Notes and accounts receivable - trade	152,457	162,736
Merchandise and finished goods	52,052	49,210
Work in process	766	597
Raw materials and supplies	3,084	4,322
Other	8,022	9,266
Allowance for doubtful accounts	(686)	(613)
Total current assets	245,136	256,983
Non-current assets
Property, plant and equipment
Buildings and structures	15,509	16,039
Accumulated depreciation	(10,054)	(10,636)
Buildings and structures, net	5,454	5,403
Machinery, equipment and vehicles	16,240	16,871
Accumulated depreciation	(12,743)	(13,158)
Machinery, equipment and vehicles, net	3,497	3,712
Land	2,870	2,911
Construction in progress	112	294
Other	4,781	5,224
Accumulated depreciation	(2,752)	(3,151)
Other, net	2,029	2,073
Total property, plant and equipment	13,964	14,395
Intangible assets	3,006	2,918
Investments and other assets
Investment securities	54,236	71,592
Long-term loans receivable	1,392	1,212
Retirement benefit asset	2,007	3,472
Deferred tax assets	1,024	990
Other	9,896	6,209
Allowance for doubtful accounts	(7,815)	(4,545)
Total investments and other assets	60,740	78,930
Total non-current assets	77,711	96,244
Total assets	322,848	353,228
Liabilities
Current liabilities
Notes and accounts payable - trade	96,761	104,113
Short-term borrowings	43,073	33,731
Income taxes payable	1,631	3,155
Accrued expenses	1,021	1,080
Provision for bonuses	1,217	1,279
Provision for loss on business liquidation	240	-
Other	6,831	7,229
Total current liabilities		150,776	150,591

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		(Millions of yen)
	As of March 31, 2020	As of March 31, 2021
Non-current liabilities
Long-term borrowings	9,775	7,475
Deferred tax liabilities	9,933	14,842
Provision for retirement benefits for directors (and other	30	29
officers)
Provision for share awards for directors (and other	85	131
officers)
Provision for loss on guarantees	18	18
Retirement benefit liability	2,369	2,144
Other	2,132	2,190
Total non-current liabilities	24,344	26,833
Total liabilities	175,121	177,424

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			(Millions of yen)
		As of March 31, 2020	As of March 31, 2021
Net assets
Shareholders' equity
Share capital	9,364	9,364
Capital surplus	7,752	7,184
Retained earnings	106,197	116,794
Treasury shares	(4,155)	(4,155)
Total shareholders' equity	119,159	129,188
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	26,196	39,316
Deferred gains or losses on hedges	148	187
Foreign currency translation adjustment	1,436	4,536
Remeasurements of defined benefit plans	(1,016)	576
Total accumulated other comprehensive income	26,764	44,616
Non-controlling interests	1,802	1,999
Total net assets	147,726	175,803
Total liabilities and net assets		322,848	353,228

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