Daitron : Financial Report for the Fiscal Year Ended December 31, 2021

Translation

Consolidated Financial Results

for the the Fiscal Year Ended December 31, 2021

(Japanese GAAP)

February 7, 2022

Company name:	DAITRON CO., LTD.
Stock exchange listing:	1st Section of the Tokyo Stock Exchange
Code Number:	7609
URL:	https://www.daitron.co.jp/
Representative:	Shinsuke Tsuchiya, President and COO
Contact:	Hajimu Mouri, Director, Senior Managing Corporate Officer & Division
	Manager-Business Administration
	Tel: [phone]
Scheduled date of General Shareholders Meeting:	March 30, 2022
Scheduled date of commencing dividend payment:	March 31, 2022
Scheduled date of filing securities report:	March 31, 2022
Support explanatory material for financial results:	Yes
Explanatory meeting for financial results:	Yes (for institutional investors and analysts)

(Figures less than a million yen are rounded down.)

1. Consolidated financial results for the the fiscal year (January 1, 2021 to December 31, 2021)

(1) Consolidated Operating Results					(Percent figures are the year-on-year rates.)
			Net sales				Operating income			Ordinary income
			Million yen		%		Million yen		%			Million yen		%
	Fiscal 2021	72,341		26.0		4,196			74.6			4,325		77.5
	Fiscal 2020	57,418		(6.8)		2,403			(25.0)			2,436		(24.3)
		Net income attributable to		Net income per share			Diluted net income
			owners of parent							per share
			Million yen		%					Yen						Yen
	Fiscal 2021	2,953		83.3		266.18						－
	Fiscal 2020	1,610		(25.8)		145.24						－
(Note) Comprehensive income: Fiscal 2021: 3,366 million yen / 105.4%	Fiscal 2020: 1,639 million yen / (33.1%)
	Diluted net income per share is not presented because there were no potential shares.
			Return on equity (%)		Ordinary income			Operating income
				to total assets (%)				to net sales (%)
					%					%					%
	Fiscal 2021	14.0							8.3					5.8
	Fiscal 2020	8.4							5.3					4.2
	(Reference) Equity in earnings(losses) of affiliates: Fiscal 2021: －million yen	Fiscal 2020: －million yen
(2) Consolidated Financial Position
			Total assets				Net assets			Shareholders'		Net assets
							equity ratio		per share
			Million yen			Million yen					%			Yen
	Fiscal 2021		58,454			22,455			38.4			2,023.23
	Fiscal 2020				19,798			42.8			1,784.66
		46,247
	(Reference) Shareholder's equity: Fiscal 2021	22,452 million yen	Fiscal 2020	19,795 million yen

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(3)Consolidated Cash Flows

	Cash flows from	Cash flows from	Cash flows from	Period-end cash and
	operating activities	investing activities	financing activities	cash equivalents
	Million yen	Million yen	Million yen	Million yen
Fiscal 2021	2,796	(371)	(672)	14,183
Fiscal 2020	3,065	(156)	(762)	12,260

2. Dividends

Annual dividends

1Q end

2Q end

3Q end

Fiscal end

Total

yen

yen

yen

yen

yen

Fiscal 2020

－

20.00

－

30.00

50.00

Fiscal 2021

－

－

45.00

80.00

35.00

Fiscal 2022

－

35.00

－

45.00

80.00

(forecast)

Total dividends

Payout ratio

Dividends to net assets

(consolidated)

(consolidated)

Million yen

%

%

Fiscal 2020

554

34.4

2.9

Fiscal 2021

887

30.1

4.2

Fiscal 2022

31.9

(forecast)

(Note) Details of the year-end dividend for fiscal 2021 are ordinary dividends 35.00 yen, commemorative dividends

10.00 yen. (70th anniversary dividends)

3. Consolidated Forecasts for FY2022 (January 1, 2022 to December 31, 2022)

					(Percentages indicate year-on-year changes.)
			Operating			Net income	Net income
	Net sales	Ordinary income	attributable to
	income	per share
					owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
2Q (accum.)	37,000	7.3	1,850 (16.0)	1,850 (19.7)	1,250 (19.9)	112.64
Full year	75,000	3.7	4,100	(2.3)	4,100	(5.2)	2,780	(5.9)	250.51

• Notes
• 1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
  2. Changes in accounting policies, changes in accounting estimates, and restatement

1. • Changes in accounting policies associated with the revisions of accounting standards, etc: None
     ② Changes in accounting policies other than above ① : None
     ③ Changes in accounting estimates: None
     ④ Restatement: None
2. Number of outstanding shares (common shares)
3. • Number of outstanding shares at the end of period (including treasury shares)

Fiscal 2021 : 11,155,979 shares

Fiscal 2020 : 11,155,979 shares

• Number of treasury shares at the end of period Fiscal 2021 : 58,744 shares

Fiscal 2020 : 64,042 shares

• Average number of shares during the period Fiscal 2021 : 11,094,616 shares Fiscal 2020 : 11,090,876 shares

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(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year 2021 (Jan. 1, 2021 to Dec. 31, 2021)

(1) Non-consolidated Operating Results

					(Percent figures are the year-on-yearrates.)
	Net sales		Operating income	Ordinary income
	Million yen		%	Million yen	%	Million yen	%
Fiscal 2021	67,216		25.3	3,365	55.9	3,634	55.2
Fiscal 2020	53,642		(6.4)	2,158	(22.7)	2,342	(20.5)
	Net income		Net income per share	Diluted net income per share
	Million yen		%		Yen		Yen
Fiscal 2021	2,498		57.8		225.22		－
Fiscal 2020	1,583		(21.0)		142.75		－

(Note) Diluted net income per share is not presented because there were no potential shares.

(2) Non-consolidated Financial Position

	Total assets	Net assets		Shareholders'	Net assets
		equity ratio	per share
	Million yen	Million yen		%	Yen
Fiscal 2021		55,076	20,811		37.8	1,875.42
Fiscal 2020		44,024	18,858		42.8	1,700.24
(Reference) Shareholders' equity:	Fiscal 2021 : 20,811 million yen	Fiscal 2020 : 18,858 million yen

• Financial result reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Explanations on appropriate use of the forecasts and other special comments

[Note for statements concerning the future, etc.]

The business forecasts are made based on certain information currently available to and judged reasonable by the Company, but not what the Company is committed to attaining. The actual results may differ greatly depending on various factors.

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