菱電商事（8084） – [Delayed][Summary]Consolidated Financial Results for the Nine Months Ended December 31, 2021 [Japanese GAAP]

Consolidated Financial Results for the Nine Months Ended December 31, 2021 [Japanese GAAP] January 31, 2022 Company name: Ryoden Corporation Stock exchange listing: Tokyo Stock Exchange Code number: 8084 URL: https://www.ryoden.co.jp/ Representative: Nobuo Shogaki, President & CEO Contact: Hirozou Tomomori, General Manager, General Affairs Department Phone: +81-3-5396-6111 Scheduled date of filing quarterly securities report: February 14, 2022 Scheduled date of commencing dividend payments: ― Availability of supplementary briefing material on quarterly financial results: No Schedule of quarterly financial results briefing session: No (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 to December 31, 2021) (1) Consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit 166,006 Million yen % Million yen Nine months ended December 31, 2021 Nine months ended December 31, 2020 (Note) Comprehensive income: Nine months ended December 31, 2021: ¥4,045 million [107.4%] Nine months ended December 31, 2020: ¥1,950 million [(32.2)%] 141,037 Million yen(17.0) (46.0) 132.5 (49.4)148.24,6054,7541,8552,04517.7 % Profit attributable to owners of parent% Million yen%3,225108.81,544(41.1) Profit per share Diluted profit per shareYen147.4070.68Yen 71.05 148.23 Nine months ended December 31, 2021 Nine months ended December 31, 2020 (2) Consolidated Financial Position As of December 31, 2021 As of March 31, 2021 (Reference) Equity: As of December 31, 2021: ¥72,612 million As of March 31, 2021: ¥69,759 million Million yen137,441125,529Total assets Million yen72,79169,919 Net assets Equity ratio Net assets per shareYen3,336.513,208.01% 52.8 55.6 2. Dividends 1st quarter-end 2nd quarter-end Annual dividends 3rd quarter-end Year-end Total YenYen― Yen 28.00 Fiscal year ended March 31, 2021 Fiscal year ending March 31, 2022 Fiscal year ending March 31, 2022 (Forecast) Note: Revision from the most recently announced dividend forecast: Yes 1. Please refer to the “Notice Regarding Revision of Full-Year Consolidated Financial Results Forecast and Dividend 30.00 28.00 58.0056.0028.00Yen ― Yen―― Forecast” announced today (Japanese only) for the revision of dividend forecast. 2. Breakdown of year-end dividends for the fiscal year ending March 31, 2022 (forecast) Ordinary dividend: ¥28.00 Commemorative dividend: ¥2.00 (dividend to commemorate the Company’s 75th anniversary) 3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022) (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit per share Million yen 227,000 % Million yen6,000% Million yen6,00015.3 Full year Note: Revision from the most recently announced financial results forecast: Yes Please refer to the “Notice Regarding Revision of Full-Year Consolidated Financial Results Forecast and Dividend Forecast” announced today (Japanese only) for the revision of consolidated financial results forecast. 64.275.6Yen193.04Profit attributable to owners of parent % 79.2 % Million yen 4,200 * Notes: (1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No (2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement (4) Total number of issued shares (common stock) 1) Changes in accounting policies due to the revision of accounting standards: Yes 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No 1) Total number of issued shares at the end of the period (including treasury stock): December 31, 2021: 22,824,977 shares March 31, 2021: 22,824,977 shares 2) Total number of treasury stock at the end of the period: December 31, 2021: 1,061,861 shares March 31, 2021: 1,079,636 shares 3) Average number of shares during the period: Nine months ended December 31, 2021: 21,757,232 shares Nine months ended December 31, 2020: 21,736,830 shares * These quarterly financial results are outside the scope of quarterly review procedures by certified public accountant or audit firm. * Explanation of the proper use of financial results forecast and other notes The statements concerning future performance presented in this document are prepared based on currently available information and certain preconditions which the Company believes to be reasonable at this time. Actual results may be different from any projections presented herein due to various factors. As of March 31, 2021 As of December 31, 2021 (1) Consolidated Balance Sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes and accounts receivable – trade, and contract assets Electronically recorded monetary claims – operatingSecurities Merchandise and finished goods Other Allowance for doubtful accounts Total current assets Non-current assets 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 (Million yen) 15,992 ― 47,526 23,538 149 28,633 6,882 (26) 122,697 3,807 807 10,484 (355) 10,129 14,743 137,441 21,129 48,050 ― 19,823 ― 19,285 3,062 (18) 111,332 3,881 724 9,819 (228) 9,591 14,197 125,529 1 Liabilities Current liabilities Notes and accounts payable – trade Electronically recorded obligations – operating Short-term borrowings Income taxes payable Other Total current liabilities Non-current liabilities Retirement benefit liability Other Total non-current liabilities Total liabilities 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 securitiesForeign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Share acquisition rights Total net assets Total liabilities and net assets As of March 31, 2021 As of December 31, 2021 (Million yen) 33,706 12,625 407 212 4,001 50,954 3,609 1,046 4,655 55,609 10,334 7,437 51,671 (813) 68,629 1,633 69 (573) 1,129 160 69,919 125,529 37,302 17,751 333 1,010 3,957 60,355 3,443 851 4,294 64,649 10,334 7,449 53,679 (800) 70,662 1,838 628 (516) 1,949 178 72,791 137,441 2 (2) Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Share of profit of entities accounted for using equity method Other Total non-operating income Non-operating expenses Interest expenses Sales discounts Foreign exchange losses Provision of allowance for doubtful accounts Loss on sale of trade receivables Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Gain on sale of shares of subsidiaries and associates Gain on sale of non-current assets Total extraordinary income Profit before income taxes Income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent For the nine months ended December 31, 2020 141,037 125,432 15,605 13,749 1,855 29 105 (Million yen) For the nine months ended December 31, 2021 166,006 147,457 18,548 13,942 4,605 20 175 50 120 305 17 30 52 ― 4 10 115 2,045 ― 199 55 254 2,300 755 1,544 ― 1,544 75 117 389 18 28 46 111 2 33 240 4,754 13 ― ― 13 4,768 1,543 3,225 ― 3,225 3 Consolidated Statements of Comprehensive Income 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 parentComprehensive income attributable to non-controlling interests For the nine months ended December 31, 2020 1,544 496 (258) 167 405 1,950 1,950 (Million yen) For the nine months ended December 31, 2021 3,225 204 559 56 820 4,045 4,045 ― ― 4 (3) Consolidated Statements of Cash Flows Cash flows from operating activities Profit before income taxes Depreciation Increase (decrease) in allowance for doubtful accountsInterest and dividend income Interest expenses Share of loss (profit) of entities accounted for using equity method Loss (gain) on sale of non-current assets Loss (gain) on sale of investment securities Loss (gain) on sale of shares of subsidiaries and associates Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Other, net Subtotal Interest and dividends received Interest paid Income taxes paid 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 Purchase of investment securities Proceeds from sale of investment securities Decrease (increase) in short-term loans receivable Long-term loan advances Other, net Net cash provided by (used in) investing activities Cash flows from financing activities Net increase (decrease) in short-term borrowings Net decrease (increase) in treasury shares Dividends paid 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 For the nine months ended December 31, 2020 For the nine months ended December 31, 2021 (Million yen) 2,300 311 (8) (134) 17 (50) (55) ― (199) 10,055 (1,149) (6,465) 77 4,699 154 (19) (1,828) 3,005 (75) 210 (88) (246) 456 ― (350) 270 178 (147) (0) (1,190) (1,339) (166) 1,678 20,165 21,843 4,768 294 125 (196) 18 (75) 0 (13) ― (2,956) (9,075) 8,435 (3,981) (2,656) 218 (17) (682) (3,138) (122) 0 (282) (235) 395 21 (500) (31) (754) (192) (0) (1,192) (1,385) 242 (5,037) 21,120 16,083 5