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

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 [Japan GAAP] Prepared in accordance with accounting principles generally accepted in Japan Translated from the original Japanese-language document May 13, 2022 Daifuku Co., Ltd. Stock exchange listing: Tokyo Stock code: 6383 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 of general meeting of shareholders: June 24, 2022 Scheduled date of commencing dividend payment: June 27, 2022 Scheduled date for filing financial statements: June 27, 2022 Earnings supplementary materials: Yes 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 Fiscal 2021 (April 1, 2021 – March 31, 2022) (1) Operating results Net sales Operating income Ordinary income (Figures in percentages denote the year-on-year change) Net income attributable to shareholders of the parent company Million yen Million yen % Million yen % Million yen % Fiscal 2021 512,268 50,252 12.8 51,253 11.8 35,877 10.8 Fiscal 2020 473,902 44,566 10.0 45,846 11.9 32,390 15.4 % 8.1 6.8 Note: Comprehensive income Fiscal 2021: 46,368 million yen 39.1% Fiscal 2020: 33,345 million yen 30.1% Net income per share Diluted net income per share Return on equity Ratio of ordinary income to total assets Ratio of operating income to net sales Fiscal 2021 Fiscal 2020 Yen 284.71 257.13 Yen － － % 13.1 13.2 % 11.0 10.7 % 9.8 9.4 Reference: Equity in earnings of affiliates during the period Fiscal 2021: 48 million yen Fiscal 2020: 39 million yen 1 Total assets Net assets Equity ratio Net assets per share Million yen 292,059 262,012 % 60.2 57.7 Yen 2,307.38 2,040.07 (2) Financial position Fiscal 2021 Fiscal 2020 Million yen 483,322 445,456 Reference: Shareholders’ equity Fiscal 2021: 290,769 million yen Fiscal 2020: 257,060 million yen (3) Cash flows Fiscal 2021 Fiscal 2020 2. Dividends Fiscal 2020 Fiscal 2021 Fiscal 2022 (forecast) Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents, end of year Million yen 56,691 38,229 Million yen (9,828) (6,132) Million yen (27,550) (8,932) Million yen 118,672 94,079 Dividend per share Q1-end Q2-end Q3-end FY-end Annual Total cash dividends (annual) Dividends payout (consolidated) Net assets dividend ratio (consolidated) Yen － － － Yen 30.00 35.00 40.00 Yen － － － Yen Yen Million yen 50.00 80.00 10,090 55.00 90.00 11,351 65.00 105.00 % 31.1 31.6 33.4 % 4.1 4.1 3. Consolidated Earnings Forecast for Fiscal 2022 (April 1, 2022- March 31, 2023) (Figures in percentage denote the year-on-year change from the same period of the previous fiscal year.) Net sales Operating income Ordinary income Net income attributable to shareholders of the parent company Net income per share Million yen % Million yen % Million yen % Million yen % Interim 275,000 13.0 27,500 35.3 28,000 36.3 18,500 32.9 Full-year 565,000 10.3 56,500 12.4 57,500 12.2 39,600 10.4 Yen 146.81 314.24 2 Notes: (1) Changes in significant subsidiaries that affected the scope of consolidation during the fiscal year: None (2) 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 (3) Number of shares issued (Common stock) Fiscal 2021: 126,610,077 shares Fiscal 2020: 126,610,077 shares 2) Number of treasury stock at the end of the period Fiscal 2021: 592,870 shares Fiscal 2020: 604,068 shares 3) Average number of shares during the period Fiscal 2021: 126,016,507 shares Fiscal 2020: 125,966,030 shares 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 fiscal year ended 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 consolidated financial statements are not subject to audit through the certified public accountant or an audit 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 (ended March 31, 2022) 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 Buildings and structures, net Machinery and vehicles, net Tools and fixtures, net Total property, plant and equipment Land Other, net Intangible assets Software Goodwill Other Total intangible assets Investments and other assets Investments in securities Long-term loans Assets for retirement benefits Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 94,167 211,906 － 6,355 13,670 16,325 8,749 (571) 350,604 21,304 5,802 2,637 12,228 7,574 49,547 3,998 4,212 1,804 10,015 14,965 117 7,738 9,566 3,066 (165) 35,289 94,852 445,456 4 118,769 － 208,915 7,045 11,430 22,778 13,148 (777) 381,310 22,734 7,799 2,602 12,496 9,583 55,215 5,077 3,956 1,687 10,720 13,322 44 9,002 10,082 3,627 (3) 36,076 102,012 483,322 (Million yen) FY2020 (ended March 31, 2021) FY2021 (ended March 31, 2022) 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 Contact liabilities Provision for losses on construction contracts Other current liabilities Total current liabilities Non-current liabilities: Long-term borrowings Deferred tax liabilities 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 43,778 20,169 15,543 9,907 34,263 － 343 25,172 149,178 19,600 516 7,674 351 6,123 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 48,046 28,084 22,449 7,252 － 40,682 711 26,419 173,645 3,907 802 7,494 327 5,086 17,617 191,263 31,865 20,691 227,609 (901) 279,264 4,107 (637) 8,380 (344) 11,504 1,289 292,059 483,322 (2) Consolidated statements of income and comprehensive income (Million yen) FY2020 (April 1, 2020 – March 31, 2021) FY2021 (April 1, 2021 – March 31, 2022) 2,086 2,023 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 Subsidy income Land and house rental revenue Other Total other income Other expenses: Interest expenses Foreign exchange losses Tender offer related expenses Other Total other expenses Ordinary income Extraordinary income: Gain on sales of property, plant and equipment Gain on sales of investments in securities Insurance claim income Other Total extraordinary income Extraordinary loss: Loss on sales of property, plant and equipment Loss on disposal of property, plant and equipment Loss on valuation of shares in affiliates Settlement package Extra retirement payments Loss on liquidation of affiliates Other Total extraordinary loss 6 473,902 385,744 88,157 16,185 27,405 43,591 44,566 45,846 347 415 296 128 218 680 644 － － 162 806 14 920 － － 935 3 235 1,027 234 － － 170 1,671 512,268 417,968 94,299 15,162 28,883 44,046 50,252 1,022 51,253 346 384 － 645 227 419 352 279 275 116 7 234 215 24 481 0 300 － － 278 143 33 756 (Million yen) FY2020 (April 1, 2020 – March 31, 2021) FY2021 (April 1, 2021 – March 31, 2022) 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 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 45,109 14,010 (1,683) 12,326 32,783 32,390 393 1,666 (171) (2,539) 1,589 16 562 33,345 32,921 423 50,978 14,032 501 14,534 36,444 35,877 566 (267) (375) 9,974 553 39 9,924 46,368 45,604 764 7 (3) Consolidated statements of changes in net assets FY2020 (April 1, 2020 – March 31, 2021) Restated balance 31,865 21,987 179,292 (1,430) 231,714 Shareholders’ equity Common stock Capital surplus Retained earnings Treasury stock (Million yen) Total shareholders’ equity 31,865 21,987 179,292 (1,430) 231,714 0 (7) (9,459) 32,390 155 (22) 511 － (9,459) 32,390 (22) 512 155 (7) － (7) 23,085 489 23,567 31,865 21,980 202,377 (941) 255,282 Balance at the beginning of the period Cumulative effects of changes in accounting policies Changes of items during the period Cash dividends Net income attributable to shareholders of the parent company Purchase of treasury stock Disposal of treasury stock Change in scope of consolidation Change in the parent’s ownership interest arising from transactions with non-controlling shareholders Net changes of items other than shareholders’ equity Total changes of items during the period Balance at the end of the period 8 (Million yen) 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 2,716 (89) 1,038 (2,419) 1,246 4,394 237,356 Restated balance 2,716 (89) 1,038 (2,419) 1,246 4,394 237,356 － (9,459) 32,390 (22) 512 155 (7) 1,659 (171) (2,463) 1,507 531 557 1,089 1,659 (171) (2,463) 1,507 531 557 24,656 4,376 (260) (1,425) (912) 1,778 4,952 262,012 Balance at the beginning of the period Cumulative effects of changes in accounting policies Changes of items during the period Cash dividends Net income attributable to shareholders of the parent company Purchase of treasury stock Disposal of treasury stock Change in scope of consolidation Change in the parent’s ownership interest arising from transactions with non-controlling shareholders Net changes of items other than shareholders’ equity Total changes of items during the period Balance at the end of the period 9 FY2021 (April 1, 2021 – March 31, 2022) Restated balance 31,865 21,980 202,374 (941) 255,278 Balance at the beginning of the period Cumulative effects of changes in accounting policies Changes of items during the period Cash dividends Net income attributable to shareholders of the parent company Purchase of treasury stock Disposal of treasury stock Change in scope of consolidation Change in the parent’s ownership interest arising from transactions with non-controlling shareholders Net changes of items other than shareholders’ equity Total changes of items during the period Balance at the end of the period Shareholders’ equity Common stock Capital surplus Retained earnings Treasury stock (Million yen) Total shareholders’ equity 31,865 21,980 202,377 (941) 255,282 (3) (3) (1,288) (10,720) 35,877 77 (14) 54 (10,720) 35,877 (14) 54 77 (1,288) － (1,288) 25,235 39 23,985 31,865 20,691 227,609 (901) 279,264 10 Restated balance 4,376 (260) (1,425) (912) 1,778 4,952 262,009 Balance at the beginning of the period Cumulative effects of changes in accounting policies Changes of items during the period Cash dividends Net income attributable to shareholders of the parent company Purchase of treasury stock Disposal of treasury stock Change in scope of consolidation Change in the parent’s ownership interest arising from transactions with non-controlling shareholders Net changes of items other than shareholders’ equity Total changes of items during the period Balance at the end of the period (Million yen) 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 4,376 (260) (1,425) (912) 1,778 4,952 262,012 (3) (10,720) 35,877 (14) 54 77 (4,322) (5,611) (269) (377) 9,805 567 9,726 660 10,386 (269) (377) 9,805 567 9,726 (3,662) 30,050 4,107 (637) 8,380 (344) 11,504 1,289 292,059 11 (Million yen) FY2020 (April 1, 2020 – March 31, 2021) FY2021 (April 1, 2021 – March 31, 2022) (4) Consolidated statements of cash flows Cash flows from operating activities: Income before income taxes and non-controlling interests Depreciation Amortization of goodwill Interest and dividend income Interest expenses Loss (gain) on sales of investments in securities Loss (gain) on disposal or sales of property, plant and equipment Loss on valuation of shares in affiliates Decrease (increase) in notes and accounts receivables Decrease (increase) in notes and accounts receivables and contract assets Decrease (increase) in inventories Increase (decrease) in notes and accounts payable Increase (decrease) in advances received on uncompleted construction 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: Investments in time deposits Proceeds from refund of time deposits Payments for purchase of property, plant and equipment Proceeds from sales of property, plant and equipment Payments for purchase of investments in securities Proceeds from sales of investments in securities Collection of loans receivable Other, net Net cash provided by (used in) investing activities (10,669) 45,109 6,401 695 (763) 644 (920) 224 1,027 － (3,279) (4,599) 647 － 7,259 41,778 763 (624) (4,173) 485 38,229 (62) 0 23 (27) 1,596 6 (186) (6,132) 12 50,978 7,326 639 (731) 352 (234) 292 － － 12,775 (3,510) 7,464 － 3,796 (6,463) 72,686 729 (404) (17,146) 826 56,691 (3) 1 53 (29) 625 15 (29) (9,828) (7,481) (10,461) Cash flows from financing activities: Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation Proceeds from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation Increase (decrease) in short-term borrowings, net Proceeds from long-term borrowings Repayment of long-term borrowings Proceeds from disposal of treasury stock 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 year Increase (decrease) in cash and cash equivalents resulting from changes in scope of consolidation Cash and cash equivalents at end of year (Million yen) FY2020 (April 1, 2020 – March 31, 2021) FY2021 (April 1, 2021 – March 31, 2022) － － 1,760 － (482) 662 (22) (9,462) (1,387) (8,932) (741) 22,422 70,883 772 94,079 (5,683) 152 (8,320) 131 (1,647) 38 (14) (10,720) (1,486) (27,550) 4,868 24,180 94,079 412 118,672 13