稲畑産業（8098） – ［Delayed］［Summary］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) May 10, 2022 Company name: Inabata&Co.,Ltd. Stock exchange listing: Tokyo Stock code: 8098 Representative: Inquiries: Director,President General Manager, URL https://www.inabata.co.jp Katsutaro Inabata Financial Management Office Koichi Noda TEL 03-3639-6421 Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: June 22, 2022 June 23, 2022 June 1, 2022 Preparation of supplementary material on financial results: Holding of financial results meeting: 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) No Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down)(1) Consolidated operating results 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 680,962 577,583 % Millions of yen 20,052 – 14,973 (3.8)% Millions of yen 21,648 16,514 33.9 13.2 % Millions of yen 22,351 13,792 31.1 16.2 % 62.0 20.8 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 374.23 229.13 Yen – – % 12.8 8.6 % 5.8 4.9 Total assets Net assets Equity ratio Net assets per share Millions of yen 389,059 353,228 Millions of yen 176,914 175,803 % 45.0 49.2 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 (11,448)17,613 Millions of yen 5,446 (423)Millions of yen 5,999 (17,582)Millions of yen 28,251 25,983 % 2.9 2.6 Yen 3,062.46 2,887.29 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 20.00 30.00 50.00 Yen – – – Yen 43.00 80.00 65.00 Yen Millions of yen 63.00 110.00 115.00 3,810 6,406 % 27.5 29.4 32.0 % 2.4 3.7 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen % Six months ending September 30, 2022 Full year 360,000 730,000 9.6 7.2 9,500 (14.2)10,000 (17.0)10,000 (26.0)19,500 (2.8)20,500 (5.3)20,500 (8.3)Yen 175.08 358.91 (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: Yes Yes No No No (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of March 31, 2022 60,799,227 shares As of March 31, 2021 63,499,227 shares As of March 31, 2022 3,682,139 shares As of March 31, 2021 3,302,651 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 59,725,855 shares Year ended March 31, 2021 60,196,584 shares 4. Notes 2 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 31,462 162,736 – – 49,210 597 4,322 9,266 (613) 256,983 16,039 (10,636) 5,403 16,871 (13,158) 3,712 2,911 294 5,224 (3,151) 2,073 14,395 2,918 71,592 1,212 3,472 990 6,209 (4,545) 78,930 96,244 353,228 35,403 – 22,548 162,149 72,145 860 6,059 12,728 (389) 311,505 17,184 (11,765) 5,419 18,648 (14,551) 4,097 3,043 205 6,382 (3,834) 2,547 15,312 2,647 48,303 1,448 6,390 1,105 7,380 (5,035) 59,593 77,553 389,059 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes receivable – trade Accounts receivable – trade Merchandise and finished goods Work in process 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 Land Construction in progress Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Investments and other assets Investment securities Long-term loans receivable Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 104,113 33,731 3,155 1,080 1,279 7,229 150,591 7,475 14,842 29 131 18 2,144 2,190 26,833 177,424 9,364 7,184 116,794 (4,155) 129,188 39,316 187 4,536 576 44,616 1,999 175,803 353,228 115,959 58,657 4,093 1,367 1,608 11,498 193,185 5,880 8,761 33 159 18 1,624 2,481 18,959 212,144 9,364 7,044 130,540 (7,398) 139,550 22,667 398 11,793 508 35,367 1,996 176,914 389,059 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Income taxes payable Accrued expenses Provision for bonuses Other Total current liabilities Non-current liabilities Long-term borrowings Deferred tax liabilities Provision for retirement benefits for directors (and other officers) Provision for share awards for directors (and other officers) Provision for loss on guarantees 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 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 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Share of profit of entities accounted for using equity method Miscellaneous income Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Foreign exchange gains Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Provision of allowance for doubtful accounts Commission for purchase of treasury shares Miscellaneous losses Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Total extraordinary income Extraordinary losses Impairment losses Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 577,583 531,543 46,040 31,066 14,973 206 1,334 – 270 967 2,779 698 151 7 – 380 1,238 16,514 2,984 2,984 – – 19,499 5,337 (43) 5,294 14,204 411 13,792 680,962 623,591 57,370 37,317 20,052 244 1,429 53 370 780 2,877 674 – 151 129 326 1,281 21,648 8,975 8,975 168 168 30,455 7,294 685 7,980 22,475 124 22,351 5Consolidated 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 Remeasurements of defined benefit plans, net of tax 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 14,204 12,968 55 3,155 1,593 164 17,935 32,140 31,644 496 22,475 (16,560) 206 7,276 (68) (127) (9,273) 13,202 13,102 99 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Balance at beginning 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 Cancellation of treasury shares Treasury stock transfer of stock ownership trust Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Balance at beginning of period Cumulative effects of changes in accounting policies Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Cancellation of treasury shares Treasury stock transfer of stock ownership trust Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity 7,752 106,197 (4,155) 119,159 – – – 7,752 106,197 (4,155) 119,159 9,364 – 9,364 (3,195) 13,792 (567) (567) 7,184 – 9,364 10,596 116,794 (0) (4,155) 10,029 129,188 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 26,196 148 1,436 (1,016) 26,764 1,802 147,726 – – – – – – (0) 38 38 187 3,100 3,100 4,536 1,593 1,593 576 17,851 17,851 44,616 196 196 1,999 13,119 13,119 39,316 7– – – – (3,195) 13,792 (0) (567) (3,195) 13,792 – (0) – – (567) 18,048 28,077 175,803 Restated balance 26,196 148 1,436 (1,016) 26,764 1,802 147,726 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity 7,184 116,794 (4,155) 129,188 7,184 116,794 (4,155) 129,188 9,364 – 9,364 – – (4,401) 22,351 (43) (4,203) – 9 (7,500) 4,247 Restated balance 39,316 187 4,536 576 44,616 1,999 175,803 – 9,364 13,745 130,540 (3,243) (7,398) 10,362 139,550 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 39,316 187 4,536 576 44,616 1,999 175,803 – – – – – – (3) (3) (4,401) 22,351 (7,500) (96) (9,251) 1,110 (16,649) (16,649) 22,667 211 211 398 7,257 7,257 11,793 (68) (68) 508 (9,248) (9,248) 35,367 1,996 176,914 Balance at beginning 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 Cancellation of treasury shares Treasury stock transfer of stock ownership trust Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Balance at beginning of period Cumulative effects of changes in accounting policies Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Cancellation of treasury shares Treasury stock transfer of stock ownership trust Purchase of shares of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (96) (140) 7,044 8(4,401) 22,351 (7,500) (96) – – 9 – – 9 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 19,499 2,874 – (3,646) (1,541) 360 196 698 (270) (246) (2,984) (5,924) 3,127 (884) 4,071 4,261 491 393 20,476 1,733 (705) (3,891) 17,613 (5,162) 3,992 (1,864) 149 (648) (95) 3,128 – 101 (219) 91 104 (423) 30,455 3,160 168 22 (1,673) (601) (3,035) 674 (370) – (8,975) (11,227) (20,037) (3,188) (60) 4,363 3,864 407 (6,053) 1,793 (666) (6,521) (11,448) (6,780) 5,742 (1,669) 15 (317) (197) 9,645 (554) (35) (151) 347 (597) 5,446 Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Increase (decrease) in allowance for doubtful accounts Interest and dividend income Increase (decrease) in retirement benefit liability Decrease (increase) in retirement benefit asset Interest expenses Share of loss (profit) of entities accounted for using equity method Increase (decrease) in provision for loss on business liquidation Loss (gain) on sale of investment securities Decrease (increase) in trade receivables Decrease (increase) in inventories Decrease (increase) in other current assets Decrease (increase) in other non-current assets Increase (decrease) in trade payables Increase (decrease) in other current liabilities 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 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 Decrease (increase) in short-term loans receivable Long-term loan advances Proceeds from collection of long-term loans receivable Other, net Net cash provided by (used in) investing activities 9 (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 Proceeds from long-term borrowings Repayments of long-term borrowings Purchase of treasury shares Dividends paid Dividends paid to non-controlling interests Purchase of shares of subsidiaries not resulting in change in scope of consolidation 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 (9,276) 729 (4,357) (0) (3,205) (312) (557) (602) (17,582) 894 502 25,480 25,983 21,488 438 (3,041) (7,629) (4,415) (107) (96) (636) 5,999 2,270 2,268 25,983 28,251 10