トリケミカル研究所（4369） – [Delayed] Summary of Consolidated Financial Results for the Three Months Ended April 30, 2022 [Japanese GAAP]

Consolidated Financial Results for the Three Months Ended April 30, 2022 [Japanese GAAP] May 31, 2022 Company name: Tri Chemical Laboratories Inc. Stock exchange listing: Tokyo Stock Exchange Code number: 4369 URL: http://www.trichemical.com Representative: Kiyoshi Tazuke, Representative Director & CEO Contact: Yoshihide Suzuki, Executive Officer Phone: +81-554-63-6600 Scheduled date of filing quarterly securities report: June 14, 2022 Scheduled date of commencing dividend payments: – Availability of supplementary briefing material on quarterly financial results: Not available Scheduled date of quarterly results briefing session: Not scheduled 1. Consolidated Financial Results for the Three Months Ended April 30, 2022 (February 1, 2022 to April 30, (Amounts of less than one million yen are rounded down.) 2022) (1) Consolidated Operating Results (cumulative) Net sales (% indicates changes from the previous corresponding period.) Profit attributable to owners of parent Ordinary profit Operating profit Three months ended Million yen 3,119 April 30, 2022 39.2 12.3 2,594 April 30, 2021 (Note) Comprehensive income: Three Months ended April 30, 2022: ¥1,594 million (42.4%) Three Months ended April 30, 2021: ¥1,119 million (61.4%) % Million yen 986 723 % Million yen 1,718 1,234 36.5 1.4 20.2 13.4 % Million yen 1,293 944 % 37.0 9.2 Basic earnings per share Diluted earnings per share Three months ended April 30, 2022 April 30, 2021 Yen 39.80 29.36 Yen – – (2) Consolidated Financial Position Total assets Net assets Equity ratio As of April 30, 2022 As of January 31, 2022 (Reference) Equity: As of April 30, 2022: ¥22,265 million Million yen 29,204 28,288 Million yen 22,265 21,320 As of January 31, 2022: ¥21,320 million % 76.2 75.4 2. Dividends Annual dividends 1st quarter-end 2nd quarter-end Yen Yen 3rd quarter-end Yen Fiscal year ended January 31, 2022 Fiscal year ending January 31, 2023 Fiscal year ending January 31, 2023 (Forecast) (Note) Revision of dividend forecasts from recently announced figures: None 0.00 0.00 – – – – Year-end Total Yen 20.00 Yen 20.00 22.00 22.00 3. Consolidated Financial Results Forecast for the Fiscal Year Ending January 31, 2023 (February 1, 2022 to January 31, 2023) (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit 6,590 13,600 Million yen % Million yen % Million yen % Million yen 15.9 14.2 First half Full year (Note) Revision of financial results forecast from recently announced figures: None * Notes: (1) Changes in significant subsidiaries during the period under review: No 2,590 5,730 1,690 3,400 22.8 17.5 5.8 8.2 (Changes in specific subsidiaries due to changes in the scope of consolidation) New: – companies (company name) , excluded: – companies (company name) Profit attributable to owners of parent % 6.8 9.9 2,010 4,500 Basic earnings per share Yen 61.85 138.47 (2) Application of accounting treatment specific to preparation of quarterly consolidated financial statements: No (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement 1) Changes in accounting policies due to the revision of accounting standards: Yes 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No (4) Total number of issued shares (common shares) 1) Total number of issued shares at the end of the period (including treasury shares): As of April 30, 2022: 32,498,640 shares As of January 31, 2022: 32,498,640 shares 2) Total number of treasury shares at the end of the period: As of April 30, 2022: 1,580 shares As of January 31, 2022: 1,580 shares 3) Average number of shares during the period: Three months ended April 30, 2022: 32,497,060 shares Three months ended April 30, 2021: 32,159,981 shares firm. * These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit * Explanation of the proper use of financial results forecast and other notes The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions deemed reasonable, and do not represent a commitment by the Company that they will be achieved. Actual results may differ significantly from these forecasts due to a wide range of factors. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheets Assets Current assets (Thousand yen) As of January 31, 2022 As of April 30, 2022 Cash and deposits Notes and accounts receivable – trade Electronically recorded monetary claims – operating Merchandise and finished goods Work in process Raw materials and supplies Other 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 Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Investments and other assets Investment securities Other Total investments and other assets Total non-current assets Total assets 8,034,494 3,058,124 838,248 79,197 749,403 1,321,772 305,191 14,386,432 5,319,866 (1,500,630) 3,819,235 3,119,985 (1,708,130) 1,411,854 2,616,297 (1,630,985) 985,312 714,933 1,329,486 (246,748) 1,082,737 8,014,073 181,431 5,535,422 171,576 5,706,999 13,902,504 28,288,937 10,612,396 3,578,959 955,493 103,293 1,011,274 1,374,576 211,058 17,847,053 5,440,525 (1,579,353) 3,861,172 3,827,471 (1,798,420) 2,029,051 2,698,628 (1,715,065) 983,562 714,933 1,252,424 (269,910) 982,514 8,571,234 166,631 2,336,514 283,470 2,619,985 11,357,852 29,204,905 1 Liabilities Current liabilities Accounts payable – trade Current portion of long-term loans payable Income taxes payable Provision for bonuses Other Total current liabilities Non-current liabilities Long-term loans payable Net defined benefit liability Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Capital stock Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustments Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets Total liabilities and net assets (Thousand yen) As of January 31, 2022 As of April 30, 2022 613,784 961,417 800,361 113,242 976,639 3,465,445 2,699,229 118,662 685,200 3,503,092 6,968,537 3,278,912 3,179,912 14,626,625 (1,720) 21,083,730 1,473 254,279 (19,083) 236,669 21,320,399 28,288,937 692,644 917,223 504,675 242,896 1,434,153 3,791,593 2,502,381 121,331 524,406 3,148,118 6,939,712 3,278,912 3,179,912 15,270,172 (1,720) 21,727,277 2,153 553,944 (18,182) 537,915 22,265,193 29,204,905 2 (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income Three Months Ended April 30 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Share of profit of entities accounted for using equity method Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Share issuance costs Loss on retirement of non-current assets Other Total non-operating expenses Ordinary profit Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent For the three months ended April 30, 2021 2,594,548 1,424,628 1,169,920 446,771 723,149 13 381,507 113,946 55,588 551,055 8,730 30,545 10 125 39,412 1,234,792 1,234,792 350,484 (59,813) 290,670 944,122 944,122 (Thousand yen) For the three months ended April 30, 2022 3,119,911 1,647,923 1,471,987 485,237 986,750 38 449,956 253,662 37,588 741,246 7,485 – 2,100 125 9,710 1,718,285 1,718,285 668,930 (244,132) 424,797 1,293,488 1,293,488 3 Quarterly Consolidated Statements of Comprehensive Income Three Months Ended April 30 Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustments 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 For the three months ended April 30, 2021 (Thousand yen) For the three months ended April 30, 2022 944,122 360 25,382 829 148,909 175,480 1,119,603 1,119,603 – 1,293,488 680 58,212 901 241,452 301,246 1,594,734 1,594,734 – 4 (3) Quarterly Consolidated Statements of Cash Flows Cash flows from operating activities Profit before income taxes Depreciation Increase (decrease) in provision for bonuses Interest and dividend income Interest expenses Share issuance costs Share of loss (profit) of entities accounted for using equity method Decrease (increase) in notes and accounts receivable – trade Decrease (increase) in inventories Increase (decrease) in notes and accounts payable – trade Decrease/increase in consumption taxes receivable/payable Increase (decrease) in accounts payable – other Decrease (increase) in other current assets Increase (decrease) in other current liabilities Increase (decrease) in other non-current liabilities Other, net Subtotal Interest and dividend income received Interest expenses paid Income taxes paid Income taxes refund Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of investment securities Purchase of property, plant and equipment Purchase of intangible assets Net cash provided by (used in) investing activities Cash flows from financing activities Repayments of long-term loans payable Repayments of lease obligations Proceeds from issuance of shares Cash 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 For the three months ended April 30, 2021 (Thousand yen) For the three months ended April 30, 2022 1,234,792 235,134 138,088 (13) 8,730 30,545 (381,507) 589,009 (312,741) 166,825 149,298 (61,592) 86,946 53,130 2,075 (73,095) 1,865,628 677,750 (9,133) (597,285) – 1,936,960 (299) (314,717) (33,603) (348,619) (197,136) (22,064) 4,909,454 (501,915) 4,188,338 12,597 5,789,275 1,698,612 7,487,888 1,718,285 288,440 128,642 (38) 7,485 – (449,956) (620,145) (332,924) 58,683 (27,594) 45,822 123,790 59,945 2,669 (160,221) 842,883 3,891,757 (7,279) (929,202) 1,655 3,799,816 (299) (347,525) (19,472) (367,297) (241,042) (22,582) – (608,952) (872,577) 17,960 2,577,902 8,034,494 10,612,396 5