Torishima Pump Mfg : RESULTS OF OPERATIONS FOR THE FIRST QUARTER ENDED JUNE 30,2021(CONSOLIDATED)(Japanese GAAP)

RESULTS OF OPERATIONS FOR

THE FIRST QUARTER ENDED JUNE 30, 2021 (CONSOLIDATED)

Listed company name:

(Japanese GAAP)

August 10, 2021

Torishima Pump Mfg. Co., Ltd.

Stock exchange listings:

First Section of Tokyo Stock Exchange

URL:http://www.torishima.co.jp

Code number:

6363

Representative:

Kotaro Harada, President

Contact person:

Atsuo Mabuchi, Executive officer, General Manager of Accounting Department

Phone:

[phone]

August 16, 2021

Scheduled date of filing quarterly financial statements:

Scheduled date of starting dividend payment: -

Preparing supplementary material on quarterly financial results: Yes

Holding quarterly financial results presentation meeting:

No

Note: The amounts are rounded down to the nearest million.

1. Consolidated financial results of the first quarter ended June 30, 2021 (April 1, 2021 through June 30, 2021)

(1) Operating results

Millions of yen, except per share data

Net sales

Operating income

Ordinary income

Net income attributable to

First quarter ended

%

%

%

owners of parent

%

11,094

-

5

-

101

-

33

-

June 30, 2021

First quarter ended

9,486

10.2

△31

-

19

-

△39

-

June 30, 2020

Note: Comprehensive

income: (First quarter ended June 30, 2021) ¥ 141million (-%)

(First quarter ended June 30, 2020) ¥ 343 million (-%)

Net income per share

Net income per share-Diluted

First quarter ended June 30, 2021

Yen

Yen

.28

1.28

First quarter ended Jun 30, 2020

△1.47

-

Note: Effective from the beginning of the first quarter of the current fiscal year, the Company has adopted

"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. As a result of this change, since

the consolidated operating results for the first quarter ended June 30, 2021 follow this accounting standard,

etc., the percentage change from a comparable previous period is not stated.

(2) Financial position

Millions of yen, except per equity ratio

June 30, 2021

Total assets

Net assets

5 0

Net assets per share %

8 002

6

March 31, 2021

79,185

37,609

47.0

(Reference): Shareholders' equity: (June 30, 2021) ¥ 37,158 million

(March 31, 2021) ¥ 37,229 million

- 1 -

2. Dividends

Dividends per share

End of 1Q

End of 2Q

End of 3Q

Fiscal year end

Annual

0

Yen

Yen

Yen

Yen

Yen

9.00

-

12.00

21.00

FY2021

-

FY2021 (Forecast)

16.00

-

16.00

32.00

Note1: Revision of forecast for dividend

during this quarter: No

Millions of yen, except per share data

3. Forecast for fiscal year ending March 31, 2022

Net sales

Operating income

Ordinary income

attributableNet incometo

Net income

owners of parent

per share

Annual

52,000

%

3,600

%

3,800

%

2,700

%

Yen

-

-

-

-

101.09

Note1: %

represents percentage

change from a comparable previous period

Note2: Revision of forecast during this quarter: No

Note3: Since the Company manages its business on an annual basis, the consolidated business forecast for the first

half of the fiscal year has been omitted. As the Company has adopted the "Accounting Standard for Revenue

Recognition" (ASBJ Statement No. 29), etc. since the beginning of the current fiscal year, the above

consolidated financial forecasts follow this accounting standard, etc., and the percentage change from the

previous fiscal year is not stated.

- 2 -

	Consolidated quarterly financial statement			(Millions of yen)
	(1) Consolidated quarterly balance sheet
	Assets	As of March 31, 2021		As of June 30, 2021
	Current assets
	Cash and deposits	16,799	23,749
	Notes and accounts receivable - trade	26,265		－
	contractNotes andassetsaccounts receivable - trade, and						18,066
	Merchandise and finished goods				－
				239		244
	Work in process	8,273	8,018
	Raw materials and supplies	1,978	1,979
	Advance payments to suppliers	929	843
	Other	1,056	1,151
	Allowance for doubtful accounts	△1,971		△1,900
	Total current assets		53,572	52,152
	Non-current assets
	Property, plant and equipment	14,544		15,231
	Intangible assets	240	238
	Investments and other assets
	Investment securities	9,189	8,735
	Other	1,941	1,947
	Allowance for doubtful accounts	△302		△302
	Total investments and other assets		10,828	10,381
	Total non-current assets		25,612	25,850
	Total assets			79,185	78,002

- 3 -

							(Millions of yen)
	Liabilities	As of March 31, 2021		As of June 30, 2021
	Current liabilities
	Notes and accounts payable - trade	11,440	10,438
	Short-term borrowings	3,495	3,453
	Income taxes payable	1,114	279
	Advances received	2,858		－
	Contract liabilities	－	3,021
	Provision for bonuses	924	426
	Provision for product warranties	822	804
	Provision for loss on construction contracts	914	958
	Other	4,303	5,419
	Total current liabilities		25,872	24,800
	Non-current liabilities
	Long-term borrowings	13,065		13,005
	Deferred tax liabilities	1,088	984
	(andProvisionotherforofficeretirs)ement benefits for directors	3	3
	Retirement benefit liability	202	204
	Other	1,342	1,504
	Total non-current liabilities		15,703	15,702
	Total liabilities		41,575	40,502
	Net assets
	Shareholders' equity
	Share capital	1,592	1,592
	Capital surplus	7,388	7,111
	Retained earnings	27,780	27,561
	Treasury shares	△2,464		△2,138
	Total shareholders' equity		34,297	34,127
	Accumulated other comprehensive income
	secValuationritiesdifference on available-for-sale				2,277		1,983
	Deferred gains or losses on hedges			△143		△135
	Foreign currency translation adjustment	39	452
	Remeasurements of defined benefit plans	758	731
	incomeTotal accumulated other comprehensive				2,932		3,031
	Share acquisition rights				112	77
	Non-controlling interests	267	264
	Total net assets		37,609	37,500
	Total liabilities and net assets			79,185	78,002

- 4 -

Consolidated quarterly statement of (comprehensive) income

Consolidated quarterly statement of income (April 1 - June 30, 2021)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2020	June 30, 2021
Net sales	9,486	11,094
Cost of sales	7,219	8,604
Gross profit	2,267	2,490
Selling, general and administrative expenses	2,299	2,484
Operating profit (loss)	△31	5
Non-operating income
Dividend income	109	109
Foreign exchange gains	－	17
Rental income	26	30
methodShare of profit of entities accounted for using equity	4	－
Other	90	15
Total non-operating income	231	172
Non-operating expenses
Interest expenses	32	26
Foreign exchange losses	125	－
methodShare of loss of entities accounted for using equity	－	21
Other	22	27
Total non-operating expenses	179	76
Ordinary profit	19	101
Extraordinary income
Gain on sale of investment securities	16	29
Total extraordinary income	16	29
Profit before income taxes	36	130
Income taxes	77	96
Profit (loss)	△40	34
Profit (loss) attributable to non-controlling interests	△0	0
Profit (loss) attributable to owners of parent		△39	33

- 5 -