ダイフク（6383） – Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2022 [Japan GAAP]

Summary of Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2022 [Japan GAAP] Prepared in accordance with accounting principles generally accepted in Japan Translated from the original Japanese-language document February 4, 2022 Daifuku Co., Ltd. Stock code: 6383, First Section of Tokyo Stock Exchange URL: www.daifuku.com/jp Representative: Hiroshi Geshiro, President and CEO Contact: Tetsuya Hibi, Corporate Officer, Finance and Accounting Division Manager Tel: +81-6-6472-1261 Scheduled date for filing quarterly financial report: February 7, 2022 Scheduled date of commencing dividend payment: – Quarterly earnings supplementary materials: Yes Quarterly earnings presentation: Yes (for institutional investors and securities analysts) Note: Figures are rounded down to the nearest one million yen. 1. Consolidated Financial Results for the First Three Quarters of Fiscal 2021 (April 1, 2021 – December 31, 2021) (1) Operating results (Figures in percentages denote the year-on-year change) Net sales Operating income Ordinary income Net income attributable to shareholders of the parent company Million yen % Million yen % Million yen % Million yen % Fiscal 2021 3Qs Fiscal 2020 3Qs 369,480 6.5 32,993 9.7 33,940 9.7 23,855 8.0 346,770 8.8 30,067 4.0 30,937 4.8 22,084 1.3 Note: Comprehensive income Fiscal 2021 3Qs: 30,573 million yen 41.9% Fiscal 2020 3Qs: 21,550 million yen 13.5% Fiscal 2021 3Qs Fiscal 2020 3Qs Net income per share Diluted net income per share Yen 189.30 175.33 Yen － － 1 (2) Financial position Fiscal 2021 Q3 Fiscal 2020 2. Dividends Fiscal 2020 Fiscal 2021 Fiscal 2021 (forecast) Total assets Net assets Equity ratio Million yen Million yen 475,413 445,456 281,889 262,012 % 58.1 57.7 Reference: Shareholders’ equity Fiscal 2021 Q3: 276,438 million yen Fiscal 2020: 257,060 million yen Dividend per share Q1-end Q2-end Q3-end FY-end Annual Yen － － Yen 30.00 35.00 Yen － － Yen 50.00 Yen 80.00 55.00 90.00 Note: Revisions to the latest dividend forecast: Yes 3. Consolidated Earnings Forecast for Fiscal 2021 (April 1, 2021 – March 31, 2022) Net sales Operating income Ordinary income (Figures in percentages denote the year-on-year change) Net income attributable to shareholders of the parent company Net income per share Million yen % Million yen % Million yen % Million yen % Yen Full-year 505,000 6.6 48,500 8.8 50,000 9.1 35,500 9.6 281.71 Note: Revisions to the latest consolidated earnings forecast: Yes 2 Notes: (1) Changes in significant subsidiaries that affected the scope of consolidation during the period: None (2) Adoption of specific accounting methods for preparing the quarterly consolidated financial statements: None (3) Changes in accounting policies, accounting estimates, and restatement 1) Changes in accounting policies resulting from the revision of the accounting standards and other 1) Number of shares issued including treasury stock at the end of the period regulations: Yes 2) Changes in accounting policies other than 1): None 3) Changes in accounting estimates: None 4) Restatement: None (4) Number of shares issued (Common stock) Fiscal 2021 Q3: 126,610,077 shares Fiscal 2020: 126,610,077 shares 2) Number of treasury stock at the end of the period Fiscal 2021 Q3: 592,525 shares Fiscal 2020: 604,068 shares Fiscal 2021 3Qs: 126,016,250 shares Fiscal 2020 3Qs: 125,955,508 shares 3) Average number of shares during the period (cumulative from the beginning of the fiscal year) Note: The number of treasury stock at the end of the period includes shares owned by the Board Benefit Trust (BBT). The number of treasury stock at the end of the third quarter of the fiscal year ending March 31, 2022 includes 106,500 shares owned by the BBT. The number of treasury stock at the end of the fiscal year ended March 31, 2021 included 119,200 shares owned by the BBT. These quarterly consolidated financial statements are not subject to audit through the certified public accountant or an auditing firm. Disclaimer The consolidated earnings forecast contained in this document is based on information available to management at the present time and certain assumptions judged to be rational. As such, actual sales and income may differ from this forecast due to uncertain factors present in the forecast or future changes in business circumstances. Earnings supplementary materials are available at the TDnet and our website: www.daifuku.com/ir. 3 (Million yen) FY2020 (ended March 31, 2021) FY2021 Q3 (ended December 31, 2021) Consolidated Financial Statements (1) Consolidated balance sheets ASSETS Current assets: Cash on hand and in banks Notes receivable, accounts receivable from completed construction contracts and other Notes receivable, accounts receivable from completed construction contracts and other, and contract assets Merchandise and finished goods Costs incurred on uncompleted construction contracts and other Raw materials and supplies Other current assets Allowance for doubtful accounts Total current assets Non-current assets: Property, plant and equipment Intangible assets Goodwill Other Total 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 and construction contracts payable Electronically recorded obligations – operating Short-term borrowings and current portion of long-term borrowings Income taxes payable Advances received on uncompleted construction contracts and other Contract liabilities Provision for losses on construction contracts Other current liabilities Total current liabilities 94,167 211,906 － 6,355 13,670 16,325 8,749 (571) 350,604 49,547 4,212 5,803 10,015 35,454 (165) 35,289 94,852 445,456 43,778 20,169 15,543 9,907 34,263 － 343 25,172 149,178 4 110,312 － 211,524 6,655 15,241 22,298 12,328 (588) 377,771 53,040 4,015 5,950 9,966 34,697 (63) 34,634 97,641 475,413 51,425 25,505 19,885 2,625 － 44,350 1,088 24,450 169,331 Non-current liabilities: Long-term borrowings Liabilities for retirement benefits Other reserves Other non-current liabilities Total non-current liabilities Total liabilities NET ASSETS Shareholders’ equity: Common stock Capital surplus Retained earnings Treasury stock Total shareholders’ equity Accumulated other comprehensive income: Net unrealized gain (loss) on securities Deferred gain (loss) on hedges Foreign currency translation adjustments Accumulated adjustments on retirement benefits Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets (Million yen) FY2020 (ended March 31, 2021) FY2021 Q3 (ended December 31, 2021) 10,412 7,389 412 5,977 24,192 193,523 31,865 21,974 215,586 (898) 268,528 4,297 (212) 4,725 (900) 7,910 5,451 281,889 475,413 19,600 7,674 351 6,639 34,265 183,443 31,865 21,980 202,377 (941) 255,282 4,376 (260) (1,425) (912) 1,778 4,952 262,012 445,456 5 (2) Consolidated statements of income and comprehensive income (Million yen) FY2020 3Qs (April 1, 2020 – December 31, 2020) FY2021 3Qs (April 1, 2021 – December 31, 2021) Net sales Cost of sales Gross profit Selling, general and administrative expenses: Selling expenses General and administrative expenses Total selling, general and administrative expenses Operating income Other income: Interest income Dividend income Foreign exchange gains Rent income Subsidy income Other Total other income Other expenses: Interest expenses Foreign exchange losses Other Total other expenses Ordinary income Extraordinary income: Insurance claim income Other Total extraordinary income Extraordinary loss: Settlement package Other Total extraordinary loss Income before income taxes Income taxes – current Income taxes – deferred Total income taxes Net income Net income attributable to: Shareholders of the parent company Non-controlling interests Loss on disposal or sales of property, plant and equipment Extra retirement payments 346,770 284,049 62,721 12,150 20,502 32,653 30,067 276 410 213 164 57 410 500 － 162 662 － 54 54 179 － 235 0 415 30,576 9,557 (1,325) 8,231 22,344 22,084 260 6 1,532 1,460 30,937 33,940 369,480 304,386 65,094 11,044 21,056 32,100 32,993 257 383 － 170 337 311 284 195 33 513 212 76 289 223 223 － 22 469 33,760 8,963 492 9,456 24,303 23,855 448 Other comprehensive income Net unrealized gain (loss) on securities Deferred gain (loss) on hedges Foreign currency translation adjustments Retirement benefits reserves adjustments Share of other comprehensive income (loss) of affiliates accounted for using the equity method Total other comprehensive income (loss) Comprehensive income: Comprehensive income (loss) attributable to: Shareholders of the parent company Non-controlling interests (Million yen) FY2020 3Qs (April 1, 2020 – December 31, 2020) FY2021 3Qs (April 1, 2021 – December 31, 2021) (77) 48 6,273 1 23 6,269 30,573 29,987 586 1,499 (43) (2,969) 708 10 (793) 21,550 21,313 237 7 (3) Consolidated statements of cash flows Cash flows from operating activities: Income before income taxes and non-controlling interests Depreciation Interest and dividend income Interest expenses Decrease (increase) in notes and accounts receivable Decrease (increase) in notes and accounts receivables and contract assets Decrease (increase) in inventories Increase (decrease) in notes and accounts payables Increase (decrease) in advances received on uncompleted contracts Increase (decrease) in contract liabilities Other, net Subtotal Interest and dividend received Interest paid Income taxes refund (paid) Other, net Net cash provided by (used in) operating activities Cash flows from investing activities: Payments for purchase of property, plant and equipment Proceeds from sales of property, plant and equipment Proceeds from sales of investments in securities Payments for purchase of investments in securities Other, net Net cash provided by (used in) investing activities FY2020 3Qs (April 1, 2020 – December 31, 2020) (Million yen) FY2021 3Qs (April 1, 2021 – December 31, 2021) 30,576 4,648 (686) 500 1,980 － (6,687) (7,866) (946) － 8,010 29,528 687 (510) (2,688) 201 27,218 (5,749) 13 87 (23) (195) (5,868) 33,760 5,344 (641) 284 － 7,275 (6,870) 9,835 － 5,120 (1,703) 52,406 630 (335) (16,355) 729 37,075 (6,674) 50 65 (24) 66 (6,516) 8 Cash flows from financing activities: Increase (decrease) in short-term borrowings, net Repayment of long-term borrowings Payments for purchase of treasury stock Payments of cash dividends 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 Increase (decrease) in cash and cash equivalents resulting from changes in scope of consolidation Cash and cash equivalents at end of period FY2020 3Qs (April 1, 2020 – December 31, 2020) (Million yen) FY2021 3Qs (April 1, 2021 – December 31, 2021) (5,860) － (11) (10,723) (885) (17,482) 2,713 15,789 94,079 412 110,281 16,129 (377) (15) (9,462) (400) 5,874 (2,002) 25,221 70,883 772 96,878 9