カネコ種（1376） – ［Delayed］Summary of Consolidated Financial Results for the Six Months Ended November 30, 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 Six Months Ended November 30, 2021 (Based on Japanese GAAP) Company name: Stock exchange listing: Tokyo KANEKO SEEDS CO., LTD. Stock code: Representative: 1376 PRESIDENT URL http://www.kanekoseeds.jp MASAHIKO KANEKO Inquiries: SENIOR MANAGING DIRECTOR HEAD OF GENERAL ADMINISTRATION HIROKATSU HASE TEL 027-251-1619 January 5, 2022Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments: January 12, 2022 February 7, 2022 Preparation of supplementary material on quarterly financial results: Yes Holding of quarterly financial results meeting: No 1. Consolidated financial results for the six months ended November 30, 2021 (from June 1, 2021 to November 30, 2021) (1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changesProfit attributable to owners of parent Ordinary profit Six months ended November 30, 2021 Six months ended November 30, 2020 Millions of yen 25,905 26,181 % Millions of yen 261 246 (1.1)4.3 % Millions of yen 337 6.2 300 61.6 % Millions of yen 196 223 12.4 39.1 % (12.0)45.1 (Amounts less than one million yen are rounded down)Six months ended November 30, 2021 Six months ended November 30, 2020 (2) Consolidated financial position As of November 30, 2021 As of May 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 16.85 19.16 Yen – – Total assets Net assets Equity ratio Net assets per share Millions of yen 38,635 47,452 Millions of yen 21,709 21,696 % 56.2 45.7 Yen 1,859.99 1,859.82 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended May 31, 2021 Year ending May 31, 2022 Year ending May 31, 2022 (Forecast) Yen – – Yen 11.00 11.00 Yen – – Yen 18.00 18.00 Yen 29.00 29.00 3. Forecast of consolidated financial results for the year ending May 31, 2022 (from June 1, 2021 to May 31, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 61,000 % Millions of yen 1,600 0.4 % Millions of yen 1,700 (3.7)% Millions of yen 1,100 (3.7)% (23.4)Yen 94.29 14. Notes (1) Changes in significant subsidiaries during the six months ended November 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: Yes (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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) No Yes No No No As of November 30, 2021 11,772,626 shares As of May 31, 2021 11,772,626 shares Number of treasury shares at the end of the period As of November 30, 2021 101,023 shares As of May 31, 2021 106,548 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Six months ended November 30, 2021 11,668,452 shares Six months ended November 30, 2020 11,666,522 shares 2Quarterly consolidated financial statements Consolidated balance sheets As of May 31, 2021 As of November 30, 2021 (Thousands of yen) 5,819,502 21,887,080 8,150,033 1,608,926 (21,979) 37,443,562 4,009,290 2,428,319 6,437,610 733,683 2,856,353 (19,177) 2,837,175 10,008,469 47,452,032 22,522,053 – 250,761 1,325,948 24,098,762 1,330,235 39,368 286,711 1,656,315 25,755,078 4,436,241 13,385,701 7,445,792 2,988,164 (12,991) 28,242,907 4,003,890 2,517,662 6,521,552 975,697 2,915,023 (19,419) 2,895,603 10,392,853 38,635,761 11,885,606 1,490,000 113,200 1,819,394 15,308,202 1,324,291 41,104 252,864 1,618,260 16,926,462 Assets Current assets Cash and deposits Notes and accounts receivable – trade Merchandise Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Land Other, net Total property, plant and equipment Intangible assets Investments and other assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Income taxes payable Other Total current liabilities Non-current liabilities Retirement benefit liability Provision for share awards for directors (and other officers) Other Total non-current liabilities Total liabilities 3 As of May 31, 2021 As of November 30, 2021 (Thousands of yen) Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 1,491,267 1,765,224 17,711,991 (130,303) 20,838,179 856,070 (24,937) 27,435 858,569 205 21,696,954 47,452,032 1,491,267 1,765,224 17,655,483 (122,324) 20,789,649 915,265 (36,070) 40,212 919,406 242 21,709,299 38,635,761 4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) Six months ended November 30, 2020 Six months ended November 30, 2021 (Thousands of yen) 26,181,667 22,122,830 4,058,837 3,812,134 246,702 21,154 32,879 10,227 64,261 6,627 3,856 297 10,781 300,182 224 23,094 23,319 88 – 88 323,413 99,826 223,587 36 223,550 25,905,682 21,804,279 4,101,402 3,839,474 261,928 24,621 35,650 28,378 88,650 6,480 6,426 406 13,312 337,265 – – – 40,748 5,400 46,148 291,117 94,443 196,673 37 196,635 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Dividend income Rental income from buildings Other Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Compensation for forced relocation Total extraordinary income Extraordinary losses Loss on disposal of non-current assets Impairment losses Total extraordinary losses Profit before income taxes Income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 5Consolidated statements of comprehensive income (cumulative) (Thousands of yen) Six months ended November 30, 2020 Six months ended November 30, 2021 Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 223,587 199,535 6,040 9,854 215,430 439,017 438,975 41 196,673 59,194 (11,133) 12,777 60,837 257,510 257,479 31 6Consolidated statements of cash flows (Thousands of yen) Six months ended November 30, 2020 Six months ended November 30, 2021 Cash flows from operating activities Profit before income taxes Depreciation Compensation for forced relocation Impairment losses Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Other, net Subtotal Income taxes paid Other, net Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Other, net Net cash provided by (used in) investing activities Cash flows from financing activities Net increase (decrease) in short-term borrowings Dividends paid Purchase of treasury shares Other, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 323,413 118,546 (23,094) – 8,975,657 1,442,134 (11,568,339) (372,634) (1,104,316) (164,395) 23,236 (1,245,474) (214,802) 224 (296,606) (1,832) (513,016) 1,490,000 (199,140) (238) (27,043) 1,263,576 1,457 (493,456) 4,411,028 3,917,572 291,117 124,123 – 5,400 8,531,071 642,834 (11,967,605) 401,774 (1,971,284) (187,825) 17,294 (2,141,815) (225,208) – (255,983) (19,371) (500,563) 1,490,000 (210,282) (416) (16,270) 1,263,029 (3,911) (1,383,261) 5,486,002 4,102,741 7