Torishima Pump Mfg : RESULTS OF OPERATIONS FOR THE YEAR ENDED MARCH 31,2021(CONSOLIDATED)(Japanese GAAP)

RESULTS OF OPERATIONS FOR

THE YEAR ENDED MARCH 31, 2021 (CONSOLIDATED)

Listed company name:

(Japanese GAAP)

May 14, 2021

Torishima Pump Mfg. Co. Ltd.

Stock exchange listings:

First Section of Tokyo Stock Exchange

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

Code number:

6363

Representative:

Kotaro Harada, President

Contact person:

Atsuo Mabuchi, Executive officer, General Manager of Accounting Department

Phone:

[phone]

June 29, 2021

Scheduled date of general shareholders' meeting:

Scheduled date of starting dividend payment:

June 9, 2021

Scheduled date of filing financial statements:

June 29, 2021

Preparing supplementary material on financial results: Yes

Holding financial results presentation meeting:

Yes (for investment analysts and institutional investors)

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

1. Consolidated financial results of Fiscal 2020 (April 1, 2020 to March 31, 2021)

(1) Operating results

% of change from previous year

Net sales

Operating income

Ordinary income

to owners of parent

Net income attributable

FY 2020

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

50,787

7.8

3,591

194.3

(

4,612

248.3

3,353

516.5

Note: Comprehensive income

FY2020

¥ 5,094million

%)

FY2019

¥ △560 million ( %)

FY 2019

47,126

△2.1

1,220

△29.5

‐

1,324

△41.8

543

△75.1

‐

Netshareincome- Basicper

Netshareincome- Dilutedper

Return on equity

Ordinaryto total assetsincome

Operatingto net salesincome

FY 2020

Yen

Yen

%

%

%

126.47

affiliates

125.95

9.5

FY2019

6.1

million

7.1

Reference: Equity in earnings of

FY2020

¥ 131 million

¥ 20

2.6

FY 2019

20.07

19.98

1.6

1.8

(2) Financial positionTotal assets

Net assets

Equity ratio

Net assets per share

FY 2020

Millions of yen

Millions of yen

%

Yen

79,185

FY2020

34,609

million

47.0

1,422.14

Reference: Shareholders' equity

72,961

¥ 37,229

FY2019

¥ 33,141 million

FY 2019

33,470

45.4

1,226.56

(3) Cash flows

Cash flows from

Cash flows from

C sh flows from

C sh and cash

operating activities

investing activities

financing activities

equivalents (Year-end)

FY 2020

Millions of yen

Millions of yen

Millions of yen

Millions of yen

366

645

2 0 0

746

FY 2019

4,207

△1,976

△1,672

16,265

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2. Dividends		Dividends per share				Dividends total		Dividend		Dividends to
	1Q		2Q		3Q		Year-end		Annual			payout ratio		net assets
	End		End		End				(Annual)		(Consolidated)		(Consolidated)
FY 2019	Yen		Yen		Yen		Yen		Yen		Millions of Yen		%	%
-		9.00		-		9.00		18.00	486		90.1	1.4
FY 2020	-		9.00		-		12.00		21.00	561		16.6	1.7
(Forecast)FY 2021	-		16.00		-		16.00		32.00				31.6

3. Forecast for the Fiscal 2021 (April 1, 2021 to March 31, 2022)	% of change from same period last year
	Net sales		Operating income	Ordinary income	Net income attributable	Net income
		to owners of parent	per share
	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen	yen	yen	yen
			△17.6	△19.5
Annual	52,000	2.4	3,600	0.2	3,800	2,700	101.23

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	Reference: Unconsolidated financial results of Fiscal 2020 (April 1, 2020 to March 31, 2021)
	(1) Operating results									% of change from previous year
		Net sales	Operating income		Ordinary income	Net income
	FY 2020	Millions of yen	%	Millions of yen	%		Millions of yen	%	Millions of yen	%
	40,640	7.5	2,351	1,084.1		2,958	388.0	2,116		-
	FY 2019	37,804	△3.0		198	△66.9		606	△22.7	15		△98.1
		Net income per share - Basic		Net income per share - Diluted
	FY 2020			Yen						Yen
			79.84						79.52
	FY 2019			0.57						0.57
	(2) Financial	position Total assets		Net assets			Equity ratio	Net assets per share
	FY 2020	Millions of yen			Millions of yen			%			Yen
		5 642					8 257			9		1,079 40
	FY 2019		61,050				26,003			42.4			962.38
	Reference: Shareholders' equity	FY	2020		¥ 28,145 million		FY 2019 ¥ 25,882 million
	* These financial results are not subject to audit procedures.

* Explanations for adequate utilization of the forecast, and other note

Forecast shown above is prepared based on information available as of the issuing date of this report and assumptions that we consider as reasonable, and therefore the actual results may differ from these forecasted figures due to various unknown factors.

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1.	Operations results
	Orders received, sales and orders backlog by demand category		(Millions of yen)
FY2020
			Orders received		Net sales		Orders backlog
Domestic public		20,504			41.8%		19,682			38.8%	15,808		32.3%
Domestic private		9,623			19.6%		9,297			18.3%	6,724		13.8%
Overseas		18,928			38.6%		21,807			42.9%	26,374		53.9%
	Total		49,055			100.0%		50,787			100.0%	48,908		100.0%
FY2019											(Millions of yen)
			Orders received		Net sales		Orders backlog
Domestic public		18,813			38.5%		16,412			34.8%	14,987		29.6%
Domestic private		9,339			19.1%		9,387			19.9%	6,399		12.6%
Overseas		20,672			42.4%		21,326			45.3%	29,253		57.8%
	Total		48,824			100.0%		47,126			100.0%	50,640		100.0%
2.	Order's received				(Millions of yen)	52,000
	Forecast for FY2021 business plan
	Operating income						3,600
	Ordinary income						3,800
(The exchange rate is assumed to be 105 yen to the dollar.)	2,700
	N t income attributabl	to owners of parent

*Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results, depending on various factors.

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	Recent trends in cash flow indicators	FY2018		FY2019		FY2020
		(March 31, 2019)	(March 31, 2020)		(March 31, 2021)
	Equity ratio (%)	47.7	45.4		47.0
	Equity ratio at market value (%)	36.2	28.3		28.7
	Debut to cash flow ratio (year)		4.7	4.1		3.8
	Note: Equity ratio: Shareholders' equity / Total assets		33.6		34.2
	Interest coverage ratio (tim s)	29.2
	Equity ratio at market value: Stock market capitalization / Total assets
	Debut to cash flow ratio: Interest-bearing debt / Operating cash flow
	Interest coverage ratio: Operating cash flow / Interest expenses
	- All indicators in the table above were computed with consolidated financial data.
	- Stock market capitalization was computed on the basis of the number of outstanding shares without
	treasury stock.
	- Operating cash flow is used for cash flow.
	- Interest bearing debt indicates all debt paying interest among liabilities recorded in consolidated balance
	sheets.

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