三谷産業（8285） – [Delayed]Summary of Consolidated Financial Results for the Year Ended March 31, 2022 (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 Year Ended March 31, 2022 (Based on Japanese GAAP) Company name: MITANI SANGYO CO., LTD. Stock exchange listing: Tokyo, Nagoya Stock code: 8285 URL https://www.mitani.co.jp/ Representative: Inquiries: President & CEO Senior Managing Director & CFO Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Tadateru Mitani Seiji Nishino June 14, 2022 June 13, 2022 May 30, 2022 No No April 28, 2022TEL 076-233-2151 Holding of financial results meeting: (1) Consolidated operating results 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (Amounts less than one million yen are rounded down)Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Year ended March 31, 2022 Year ended March 31, 2021 Millions of yen 84,427 80,541 % Millions of yen 1,140 4.8 2,567 3.8 % Millions of yen 1,966 3,349 (55.6)1.3 % Millions of yen 1,424 2,261 (41.3) 1.6 % (37.0)37.4 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 23.14 36.73 Yen – – % 3.6 6.3 % 2.4 4.5 Total assets Net assets Equity ratio Net assets per share Millions of yen 85,036 81,683 Millions of yen 40,279 41,135 % 47.2 47.7 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen 1,086 3,611 Millions of yen (2,091)(4,632)Millions of yen 993 1,302 Millions of yen 5,806 5,640 % 1.4 3.2 Yen 652.32 632.43 Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen – – – Yen 4.50 4.50 4.50 Yen – – – Yen 4.50 4.50 4.50 Yen Millions of yen 9.00 9.00 9.00 554 554 % 24.5 38.9 34.6 % 1.5 1.4 Year ended March 31, 2022 Year ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of March 31, 2021 (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 13. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) 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 87,000 % Millions of yen 2,000 3.0 % Millions of yen 2,600 75.4 % Millions of yen 1,600 32.2 % 12.3 Yen 25.99 (1) Changes in significant subsidiaries during the year ended March 31, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) 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: (3) 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 March 31, 2022 61,772,500 shares As of March 31, 2021 61,772,500 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 201,995 shares As of March 31, 2021 201,873 shares Year ended March 31, 2022 61,570,564 shares Year ended March 31, 2021 61,571,569 shares 4. Notes 2 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Electronically recorded monetary claims – operating Accounts receivable from completed construction contracts Merchandise and finished goods Work in process Costs on construction contracts in progress Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Tools, furniture and fixtures Accumulated depreciation Tools, furniture and fixtures, net Land Leased assets Accumulated depreciation Leased assets, net Construction in progress Intangible assets Software Leased assets Telephone subscription right Other Total intangible assets Investments and other assets Investment securities Guarantee deposits Deferred tax assets Other Total investments and other assets Total non-current assets Total assets 3 6,679 18,104 3,073 4,588 2,532 2,123 54 1,248 1,435 (1) 39,837 19,548 (10,120) 9,427 6,649 (4,729) 1,920 1,641 (1,213) 427 3,762 1,425 (643) 781 48 717 66 36 56 875 22,341 1,272 201 788 24,603 41,846 81,683 6,915 17,208 3,384 7,253 3,527 628 98 1,280 1,896 (2) 42,189 19,714 (10,530) 9,184 7,056 (5,471) 1,584 1,755 (1,320) 434 3,996 1,651 (796) 854 464 698 147 36 67 949 22,830 1,363 230 952 25,377 42,846 85,036 Total property, plant and equipment 16,367 16,519 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Liabilities Current liabilities Notes and accounts payable – trade Electronically recorded obligations – operating Accounts payable for construction contracts Short-term borrowings Lease liabilities Income taxes payable Accrued consumption taxes Advances received on construction contracts in progress Provision for bonuses for directors (and other officers) Provision for loss on orders received Provision for warranties for completed construction Provision for shareholder benefit program Other Deferred tax liabilities Provision for retirement benefits for directors (and other Total current liabilities Non-current liabilities Long-term borrowings Deposit received for guarantee Lease liabilities officers) Retirement benefit liability Asset retirement obligations 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 securities Deferred gains or losses on hedges 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 4 10,716 1,852 1,332 11,361 295 636 317 38 162 4 44 38 3,976 30,776 4,422 130 656 3,216 737 227 237 141 9,771 40,547 4,808 3,768 23,302 (42) 31,836 7,552 0 (437) (13) 7,102 2,196 41,135 81,683 10,042 1,570 2,119 14,323 338 300 563 238 84 2 41 47 3,295 32,968 6,075 148 780 3,207 875 341 236 122 11,788 44,757 4,808 3,357 24,354 (42) 32,476 7,640 3 46 (4) 7,686 115 40,279 85,036 Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (Millions of yen) 80,541 64,390 16,150 1,090 949 258 548 3,794 1,246 197 162 72 1,201 1,148 572 2,340 13,583 2,567 53 257 9 292 57 182 60 109 64 128 47 240 84,427 69,099 15,327 1,257 1,034 285 572 3,977 1,136 205 84 99 1,238 1,221 635 2,437 14,187 1,140 53 315 16 262 81 183 37 162 86 124 76 286 1,022 1,113 3,349 1,966 Net sales Cost of sales Gross profit Selling, general and administrative expenses Commission Charges Freight and incidental costs Travel and transportation expenses Remuneration for directors (and other officers) Employees’ salaries Employees’ bonuses Retirement benefit expenses Provision for bonuses for directors (and other officers) Provision for retirement benefits for directors (and other officers) Total selling, general and administrative expenses Welfare expenses Rent expenses Depreciation Other Operating profit Non-operating income Interest income Dividend income Purchase discounts Rent income Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Rent expenses Other Total non-operating expenses Ordinary profit Gain on investments in investment partnerships Share of profit of entities accounted for using equity method 5 Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (Millions of yen) Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Subsidy income Gain on bargain purchase Total extraordinary income Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Loss on sale of investment securities Loss on valuation of investment securities officers) Total extraordinary losses Profit before income taxes Income taxes – current Income taxes for prior periods Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent Impairment losses Provision for retirement benefits for directors (and other 1 5 77 – 84 5 17 – 48 – – 70 3,364 1,084 (117) (138) 828 2,536 274 2,261 2 56 147 305 511 2 6 0 38 246 88 382 2,095 765 – (103) 661 1,433 8 1,424 6Consolidated statements of comprehensive income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 2,536 4,247 (2) 141 28 4,414 6,950 6,675 274 1,433 76 3 483 20 583 2,017 2,008 8 7Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 4,808 3,768 21,595 (42) 30,129 4,808 3,768 21,595 (42) 30,129 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 4,271 4,271 7,552 3 3 (2) (2) 0 (554) 2,261 (0) (0) (42) (554) 2,261 – (0) – 1,707 31,836 – (554) 2,261 (0) – 4,688 6,395 41,135 141 141 (437) 4 4 (13) 4,414 4,414 7,102 274 274 2,196 – 4,808 – 3,768 1,707 23,302 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 3,281 (578) (17) 2,688 1,922 34,740 3,281 (578) (17) 2,688 1,922 34,740 8 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 4,808 3,768 4,808 3,768 – 4,808 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 87 87 7,640 0 0 3 3 3 23,302 180 23,483 (554) 1,424 870 24,354 8 8 (4) (42) (42) (0) (0) (42) 31,836 180 32,017 (554) 1,424 (0) (411) 459 32,476 180 (554) 1,424 (0) (411) 583 583 7,686 (2,080) (1,496) (2,080) 115 (1,037) 40,279 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 7,552 (437) (13) 7,102 2,196 41,135 7,552 (437) (13) 7,102 2,196 41,316 (411) (411) 3,357 483 483 46 9Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Gain on bargain purchase Share of loss (profit) of entities accounted for using equity method Loss (gain) on investments in investment partnerships Loss (gain) on valuation of investment securities Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses for directors (and other officers) Increase (decrease) in provision for retirement benefits for directors (and other officers) Increase (decrease) in retirement benefit liability Increase (decrease) in provision for loss on orders received Increase (decrease) in provision for shareholder benefit program Interest and dividend income Interest expenses Loss (gain) on sale of investment securities Loss (gain) on sale of non-current assets Loss on retirement of non-current assets 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 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 3,364 2,049 – – (292) (9) 48 (0) 38 32 18 (3) 4 (310) 64 (5) 3 17 (2,301) (750) 1,071 1,319 4,356 323 (64) (1,004) 3,611 2,095 2,200 246 (305) (262) (16) 38 0 (78) 137 25 (1) 9 (369) 86 (55) (0) 6 (846) (785) (327) 86 1,884 390 (84) (1,103) 1,086 10 Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits 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 Purchase of shares of subsidiaries and associates Purchase of shares of subsidiaries and associates resulting in change in scope of consolidation Payments for investments in capital of subsidiaries and associates Loan advances Proceeds from collection of loans receivable Other, net Net cash provided by (used in) investing activities (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (353) – (2,732) 5 (327) (999) 8 (70) – – (65) 2 (99) (4,632) (21) 68 (1,416) 76 (302) (137) 62 – (358) (120) (2) 288 (229) (2,091) 11 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from financing activities Net increase (decrease) in short-term borrowings Repayments of finance lease liabilities Proceeds from long-term borrowings Repayments of long-term borrowings Repayments of installment payables Purchase of shares of subsidiaries and associates not resulting in change in scope of consolidation Dividends paid Dividends paid to non-controlling interests Purchase of treasury shares 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 (2,098) (284) 4,422 (143) (38) – (554) (0) (0) 1,302 48 329 5,311 5,640 1,946 (310) 2,953 (473) (67) (2,500) (554) (0) (0) 993 177 165 5,640 5,806 12