第一実業（8059） – 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] February 3, 2022 Company name: DAIICHI JITSUGYO CO., LTD. Stock exchange listing: Tokyo Stock Exchange Code number: 8059 URL: https://www.djk.co.jp/ Representative: Ichiro Uno, President & CEO Contact: Yuzo Ueda, General Manager, Accounting Department Phone: +81-3-6370-8697 Scheduled date of filing quarterly securities report: February 14, 2022 Scheduled date of commencing dividend payments: – Availability of supplementary explanatory materials on quarterly financial results: None Schedule of quarterly financial results briefing session: None 1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 (April 1, 2021 – December 31, (Amounts of less than one million yen are rounded down.) 2021) (1) Consolidated Operating Results Net sales (% indicates changes from the previous corresponding period.) Profit attributable to owners of parent Ordinary income Operating income Nine months ended December 31, 2021 December 31, 2020 (Note) Comprehensive income: Nine months ended December 31, 2021: ¥4,238 million [(4.8)%] Nine months ended December 31, 2020: ¥4,451 million [22.3%] % Million yen 5,612 4,578 % Million yen 4,987 4,030 Million yen 107,980 98,882 23.7 (17.5) 22.6 (14.3) － (15.9) % Million yen 3,986 3,355 % 18.8 (7.2) Basic earnings per share Diluted earnings per share Yen 372.50 313.83 Nine months ended December 31, 2021 December 31, 2020 * The Company has adopted the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the first quarter of the fiscal year ending March 31, 2022. Since this adoption significantly affects net sales figures, the percentage change in net sales from the previous corresponding period for the nine months ended December 31, 2021, is not presented. Yen 370.96 312.49 (2) Consolidated Financial Position Total assets As of December 31, 2021 As of March 31, 2021 (Reference) Equity: As of December 31, 2021: ¥56,885 million Million yen 133,295 119,958 Net assets Million yen 57,017 53,845 As of March 31, 2021: ¥53,711 million Equity ratio % 42.7 44.8 2. Dividends Annual dividends 1st quarter-end 2nd quarter-end 3rd quarter-end Year-end Total Yen Yen Yen － 60.00 Fiscal year ended March 31, 2021 Fiscal year ending March 31, 2022 Fiscal year ending March 31, 2022 (Forecast) (Note) Revision to the forecast for dividends announced most recently: None 3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022 (April 1, 2021 – March 70.00 60.00 70.00 － － － Yen Yen 130.00 130.00 31, 2022) (% indicates changes from the previous corresponding period.) Net sales Operating income Ordinary income 6.7 Full year (Note) Revision to the financial results forecast announced most recently: None 15.2 8.5 Million yen 152,000 % Million yen 6,600 % Million yen 6,900 Profit attributable to owners of parent % Million yen 4,800 % 1.0 Basic earnings per share Yen 448.59 * Notes: (1) Changes in significant subsidiaries during the period under review (Changes in specified subsidiaries resulting in changes in scope of consolidation): None (2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to the revision of accounting standards: Yes 2) Changes in accounting policies other than 1) above: None 3) Changes in accounting estimates: None 4) Retrospective restatement: None (4) Total number of issued and outstanding shares (common shares) 1) Total number of issued and outstanding shares at the end of the period (including treasury shares): December 31, 2021: March 31, 2021: December 31, 2021: March 31, 2021: 11,086,400 shares 11,086,400 shares 377,139 shares 394,862 shares 2) Total number of treasury shares at the end of the period: 3) Average number of shares during the period: Nine months ended December 31, 2021: Nine months ended December 31, 2020: 10,703,011 shares 10,692,414 shares * These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants or an audit firm. * Explanation of the proper use of financial results forecast and other notes The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions deemed reasonable, and the Company does not promise the achievement of these forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions underlying the forecasts and the notes on the use of the forecasts, please refer to “(3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information” on page 3 of the Appendix (available in Japanese only). As of March 31, 2021 As of December 31, 2021 (Million yen) Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Notes and accounts receivable – trade, and contract assets Notes and accounts receivable – trade Electronically recorded monetary claims Merchandise and finished goods Work in process Raw materials and supplies Accounts prepaid Other Allowance for doubtful accounts Total current assets Fixed assets Net property, plant and equipment Intangible fixed assets Investment and other assets Investment securities Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investment and other assets Total fixed assets Total assets Liabilities Current liabilities Notes and accounts payable Short-term bank loans Income taxes payable Advances received Provisions Other Total current liabilities Long-term liabilities Long-term loans Deferred tax liabilities Provisions Retirement benefit liability Other Total long-term liabilities Total liabilities 1 33,295 – 32,572 2,081 13,314 1,256 437 13,935 6,023 (76) 102,839 3,137 1,320 9,932 1,283 513 1,093 (163) 12,661 17,118 119,958 30,678 7,113 1,096 21,347 1,703 1,949 63,889 480 994 32 420 296 2,224 66,113 31,139 34,053 – 6,061 21,771 1,525 565 13,399 8,049 (106) 116,460 3,014 1,446 9,734 1,265 503 1,017 (146) 12,374 16,834 133,295 36,148 6,334 483 24,752 927 5,206 73,852 390 1,259 19 462 294 2,425 76,277 Equity Shareholders’ equity Common stock Capital surplus Retained earnings Treasury stock Total shareholders’ equity Accumulated other comprehensive income Unrealized gain on available-for-sale securities Deferred gain or loss on derivatives under hedge accounting Foreign currency translation adjustments Remeasurements of defined benefit plans Total accumulated other comprehensive income Stock acquisition rights Non-controlling interests Total equity Total liabilities and equity (Million yen) As of March 31, 2021 As of December 31, 2021 5,105 3,788 42,436 (895) 50,434 3,099 (141) 81 237 3,276 107 26 53,845 119,958 5,105 3,812 45,307 (857) 53,366 2,768 (187) 690 247 3,518 96 36 57,017 133,295 2 (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income Nine Months Ended December 31 For the nine months ended December 31, 2020 For the nine months ended December 31, 2021 (Million yen) Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Non-operating income Interest received Dividend income Purchase discounts Share of profit of entities accounted for using equity method Foreign exchange gains Subsidy income Other Total non-operating income Non-operating expenses Interest expense Commission expenses Commitment fees Other Total non-operating expenses Ordinary income Extraordinary profit Gain on sale of membership Gain on sale of investment securities Total extraordinary profit Extraordinary loss Loss on sale of investment securities Total extraordinary loss Income before income taxes Income taxes Deferred taxes Total income taxes Profit Profit (loss) attributable to non-controlling interests Profit attributable to owners of parent 98,882 83,423 15,459 11,428 4,030 71 168 146 18 22 169 76 673 32 56 25 11 125 4,578 5 326 331 62 62 4,847 1,306 186 1,492 3,354 (1) 3,355 107,980 90,374 17,605 12,617 4,987 66 189 225 12 81 89 90 756 23 62 7 37 131 5,612 – 177 177 5 5 5,784 1,455 331 1,787 3,997 10 3,986 3 Quarterly Consolidated Statements of Comprehensive Income Nine Months Ended December 31 Profit Other comprehensive income Unrealized gain on available-for-sale securities Deferred gain or loss on derivatives under hedge accounting Foreign currency translation adjustments Remeasurements of defined benefit plans Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests For the nine months ended December 31, 2020 For the nine months ended December 31, 2021 (Million yen) 3,354 1,167 61 (148) 15 1,097 4,451 4,452 (0) 3,997 (330) (45) 608 10 241 4,238 4,229 9 4