シモジマ（7482） – [Delayed}Summary of Consolidated Financial Results for the Year Ended March 31,2022(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: Shimojima Co.,Ltd. Stock exchange listing: Tokyo Stock code: 7482 URL http://www.shimojima.co.jp/ May 11, 2022Representative: Inquiries: Representative Director, President Managing Director, Administration Yoshihiko Kasai Masayuki Shimojima TEL 03-3862-8626 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: June 23, 2022 June 28, 2022 June 24, 2022 Yes Yes 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 48,063 47,100 % Millions of yen 44 2.0 275 (2.4)% Millions of yen 380 552 (83.9)(45.5)% Millions of yen 86 (331)(31.1) (24.6) % – – Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 3.70 (14.27)Yen – – % 0.3 (1.0) % 1.0 1.4 Total assets Net assets Equity ratio Net assets per share Millions of yen 37,756 38,293 Millions of yen 31,622 32,225 % 83.6 84.0 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 430 1,103 Millions of yen (1,376)(407)Millions of yen (647)(404)Millions of yen 5,848 7,441 % 0.1 0.6 Yen 1,356.41 1,383.39 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 11.00 11.00 11.00 Yen Millions of yen Yen – – – Yen 11.00 11.00 11.00 22.00 22.00 22.00 511 512 % (154.2)594.6 128.0 % 1.6 1.6 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 23,900 50,700 6.6 5.5 (250)– (180)– (100) 360 713.2 670 76.2 400 364.9 % – Yen (4.30)17.19 (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: No 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 24,257,826 shares As of March 31, 2021 24,257,826 shares As of March 31, 2022 986,691 shares As of March 31, 2021 1,000,884 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 23,266,752 shares Year ended March 31, 2021 23,255,476 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 Merchandise and finished goods Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Accumulated impairment Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Accumulated impairment Machinery, equipment and vehicles, net Land Leased assets Accumulated depreciation Accumulated impairment Leased assets, net Other Accumulated depreciation Accumulated impairment Other, net Total property, plant and equipment Intangible assets Goodwill Leased assets Other Total intangible assets Investments and other assets Investment securities Long-term loans receivable Deferred tax assets Insurance funds Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 7,629 5,872 757 4,908 489 460 (14) 20,105 11,094 (7,022) (116) 3,956 3,531 (2,816) 12,603 (312) 402 7,762 2,040 (980) (691) 369 883 (744) (26) 113 254 38 1,077 1,370 741 344 657 2,131 434 (95) 4,214 18,188 38,293 6,035 6,293 807 5,019 494 516 (12) 19,154 10,990 (7,001) (122) 3,866 3,579 (2,842) (312) 424 7,762 2,074 (1,050) (691) 332 984 (759) (31) 192 12,578 653 31 1,147 1,831 558 337 730 2,251 401 (87) 4,191 18,601 37,756 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 2,699 1,527 4,795 2 129 78 – 336 21 77 406 277 232 39 239 1,272 6,067 1,405 1,304 36,255 (1,114) 37,850 437 55 (6,195) 25 (5,677) 52 32,225 38,293 2,915 1,283 4,876 6 126 141 46 333 23 122 345 277 315 38 158 1,257 6,134 1,405 1,304 35,802 (1,098) 37,413 310 35 (6,195) 1 (5,847) 57 31,622 37,756 Liabilities Current liabilities Notes and accounts payable – trade Current portion of long-term borrowings Lease liabilities Income taxes payable Contract liabilities Provision for bonuses Provision for bonuses for directors (and other officers) Other Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Deferred tax liabilities for land revaluation 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 Revaluation reserve for land 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 47,100 32,038 15,061 14,786 275 5 5 95 21 11 28 43 0 2 – 63 66 130 343 552 155 37 193 1,106 7 – 1,114 (369) 255 (229) 26 (395) (64) (331) 48,063 33,091 14,971 14,927 44 2 5 197 22 – 8 34 145 415 0 2 50 26 79 380 – 7 7 19 – 109 128 259 153 14 168 91 5 86 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Rental income Purchase discounts Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Sales discounts Foreign exchange losses Other Total non-operating expenses Ordinary profit Extraordinary income Reversal of allowance for doubtful accounts Insurance return Gain on sale of shares of subsidiaries and associates Surrender value of insurance policies Total extraordinary income Extraordinary losses Impairment losses Loss on valuation of investments in capital Dismantlement expenses Total extraordinary losses Profit (loss) before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit (loss) Profit (loss) attributable to non-controlling interests Profit (loss) attributable to owners of parent 5Consolidated statements of comprehensive income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Profit (loss) Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (395) 238 27 54 320 (75) (11) (63) 91 (127) (19) (23) (170) (79) (84) 5 6Consolidated 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 1,405 1,304 37,215 (1,117) 38,807 1,405 1,304 37,215 (1,117) 38,807 Balance at beginning of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit (loss) attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Change in scope of consolidation 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 (loss) attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Change in scope of consolidation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 26 26 55 238 238 437 (6,195) – – 7 (627) (331) 54 54 25 318 318 (5,677) (0) 3 2 (63) (63) 52 (627) (331) (0) – – 3 – (627) (331) (0) – 3 254 (702) 32,225 – 1,405 – 1,304 (959) 36,255 (1,114) (957) 37,850 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Revaluation reserve for land Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets 199 29 (6,195) (29) (5,995) 116 32,928 Restated balance 199 29 (6,195) (29) (5,995) 116 32,928 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity 1,405 1,304 36,255 (1,114) 37,850 1,405 1,304 36,227 (1,114) (27) (511) 86 – 1,405 (0) 1,304 (425) 35,802 15 (1,098) (409) 37,413 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Revaluation reserve for land Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets 437 55 (6,195) 25 (5,677) 52 32,225 Restated balance 437 55 (6,195) 25 (5,677) 52 32,198 (0) 15 5 5 57 (27) 37,823 (511) 86 (0) 15 – (27) (511) 86 (0) 15 – (165) (575) 31,622 (127) (127) 310 (19) (19) 35 (6,195) (23) (170) (23) 1 (170) (5,847) Balance at beginning of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit (loss) attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Change in scope of consolidation 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 (loss) attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Change in scope of consolidation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (0) – – 8 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (369) 851 91 21 (21) (155) 1,106 (37) 7 (35) 58 (26) 1 (10) 0 (2) (109) 190 (78) 77 1,563 10 (0) (468) 1,103 (165) 160 (329) (302) – 17 (50) 48 (108) – (80) 467 (64) (407) 259 845 78 1 0 – 19 (7) – (9) 58 (4) 1 (7) 0 (3) (395) (124) 152 (334) 530 7 (0) (106) 430 (161) 162 (469) (557) (100) 0 (0) 0 – (449) – 10 189 (1,376) Consolidated statements of cash flows Cash flows from operating activities Profit (loss) before income taxes Depreciation Amortization of goodwill Loss (gain) on sale and retirement of non-current assets Loss (gain) on sale of investment securities Loss (gain) on sale of shares of subsidiaries and associates Impairment losses Surrender value of insurance policies Loss on valuation of investments in capital Increase (decrease) in allowance for doubtful accounts Increase (decrease) in retirement benefit liability Increase (decrease) in provision for bonuses Increase (decrease) in provision for bonuses for directors (and other officers) Interest and dividend income Interest expenses Foreign exchange losses (gains) 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 Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment Purchase of intangible assets Payments for retirement of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of investment securities Proceeds from sale of investment securities Proceeds from sale of shares of subsidiaries resulting in change in scope of consolidation Purchase of shares of subsidiaries resulting in change in scope of consolidation Loan advances Proceeds from collection of 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 Proceeds from short-term borrowings Proceeds from long-term borrowings Repayments of short-term borrowings Repayments of long-term borrowings Repayments of lease liabilities Purchase of treasury shares Dividends paid 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 384 420 (431) (7) (141) (0) (627) (404) 0 291 7,150 7,441 – – – (2) (133) (0) (511) (647) 0 (1,593) 7,441 5,848 10