Financial Results for the First Nine Months of the Fiscal Year Ending December 31, 2021 (Consolidated Basis)（135KB）

Translation

November 8, 2021

Consolidated Financial Results

for the First Nine Months of the Fiscal Year Ending December 31, 2021

Company name:	ITOKI CORPORATION
Listing:	Tokyo Stock Exchange 1st Section
Stock code:	7972
URL:	http://www.itoki.jp/
Representative:	Yoshiro Hirai, President
Inquiries:	Yoshiaki Moriya, Director, Managing Executive Officer, General Manager of
	Administrative Division
	TEL: [phone] (from overseas)

Scheduled date to file Quarterly Securities Report:	November 8, 2021
Scheduled date to commence dividend payments:	-

Preparation of supplementary material on quarterly financial results:	None
Holding of quarterly financial results presentation meeting:	None

(Millions of yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated performance for the first nine months of the fiscal year ending

December 31, 2021 (from January 1, 2021 to September 30, 2021)

(1) Consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
			Net sales		Operating profit	Ordinary profit	Profit attributable to
				owners of parent
	Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
	September 30, 2021	83,968	(2.6)	1,687	134.5		1,651	123.4	850	-
	September 30, 2020	86,193	(6.5)	719	(51.1)		738	(51.1)	(288)	-
	Note:	Comprehensive	income
		For the first nine months of the fiscal year ending December 31, 2021:	1,092 million yen [-%]
		For the first nine months of the fiscal year ended December 31, 2020:	(442) million yen [-%]
			Earnings per share	Diluted earnings per
			share
	Nine months ended		Yen		Yen
	September 30, 2021	18.82		18.69
	September 30, 2020	(6.33)		-
(2) Consolidated financial position
			Total assets		Net assets		Equity ratio		Net assets per share
	As of		Millions of yen	Millions of yen			%		Yen
	September 30, 2021	101,295		44,730			43.8		982.34
	December 31, 2020	105,096		44,189			41.6		969.43
	Reference:	Equity
		As of September 30, 2021: 44,408 million yen
		As of December 31, 2020: 43,766 million yen

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2. Cash dividends

					Annual dividends
		First quarter-end	Second quarter-end		Third quarter-end	Fiscal year-end	Total
		Yen	Yen		Yen	Yen	Yen
	Fiscal year ended	-	0.00		-	13.00	13.00
	December 31, 2020
	Fiscal year ending	-	0.00		-
	December 31, 2021
	Fiscal year ending					13.00	13.00
	December 31, 2021
	(Forecast)
	Note: Revisions to the	forecasts of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending December 31, 2021 (from January 1, 2021 to December 31, 2021)

(Percentages indicate year-on-year changes.)

		Net sales		Operating profit	Ordinary profit	Profit attributable to	Earnings per
			owners of parent	share
		Millions of	%	Millions of	%	Millions of	%	Millions of	%	Yen
		yen	yen	yen	yen
	Fiscal year ending	114,000	(1.9)	1,800	0.1	1,900	1.0	700	-	15.50
	December 31, 2021
	Note: Revisions to the	consolidated earnings	forecasts most recently	announced:	None

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* Notes

1. Changes in significant subsidiaries during the first nine months of the fiscal year ending December 31, 2021 (changes in specified subsidiaries accompanying change in scope of consolidation): None
2. Application of specific accounting for preparing the consolidated quarterly financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
4. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None

c. Changes in accounting estimates:None

d. Restatement of prior period financial statements after error corrections: None

(4) Number of issued shares (common shares)

1. Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2021	45,664,437 shares
As of December 31, 2020	45,664,437 shares

1. Number of treasury shares at the end of the period

As of September 30, 2021	457,769 shares
As of December 31, 2020	517,704 shares

1. Average number of shares during the period (cumulative from the beginning of the fiscal year)

Nine months ended September 30, 2021	45,180,072 shares
Nine months ended September 30, 2020	45,601,762 shares

• Quarterly financial results reports are not required to be subjected to quarterly reviews conducted by certified public accountants or an audit corporation.
• Explanation concerning proper use of earnings forecasts and other specific matters

The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual results may differ materially from these forecasts due to various factors.

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Consolidated quarterly financial statements

(1) Consolidated quarterly balance sheets

			(Millions of yen)
		As of December 31, 2020	As of September 30, 2021
Assets
Current assets
Cash and deposits	18,246	18,213
Notes and accounts receivable - trade	26,599	21,385
Electronically recorded monetary claims -	1,959	2,688
operating
Merchandise and finished goods	4,281	5,076
Work in process	2,266	3,748
Raw materials and supplies	2,554	2,840
Other	1,850	1,895
Allowance for doubtful accounts	(575)	(598)
Total current assets	57,183	55,249
Non-current assets
Property, plant and equipment
Buildings and structures, net	10,669	9,799
Land	9,888	9,532
Other, net	5,648	5,555
Total property, plant and equipment	26,206	24,887
Intangible assets
Goodwill	2,093	1,407
Other	3,497	3,477
Total intangible assets	5,590	4,885
Investments and other assets
Investment securities	5,583	5,417
Deferred tax assets	1,414	1,558
Retirement benefit asset	1,418	1,472
Other	8,175	8,295
Allowance for doubtful accounts	(475)	(472)
Total investments and other assets	16,116	16,273
Total non-current assets	47,912	46,046
Total assets		105,096	101,295

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			(Millions of yen)
		As of December 31, 2020	As of September 30, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade	12,377	10,971
Electronically recorded obligations - operating	5,840	5,965
Current portion of bonds payable	40	40
Short-term borrowings	10,055	10,093
Current portion of long-term borrowings	2,325	2,276
Income taxes payable	1,286	894
Accrued consumption taxes	1,149	562
Notes payable - facilities	177	173
Provision for bonuses	1,578	1,714
Provision for loss on order received	4	-
Provision for product warranties	75	72
Other	8,737	7,543
Total current liabilities	43,646	40,307
Non-current liabilities
Bonds payable	100	80
Long-term borrowings	6,491	5,807
Lease obligations	1,917	1,548
Deferred tax liabilities	448	443
Retirement benefit liability	4,131	4,271
Provision for retirement benefits for directors (and	99	101
other officers)
Provision for loss on voluntary recall of products	90	83
Other	3,979	3,922
Total non-current liabilities	17,259	16,257
Total liabilities	60,906	56,565
Net assets
Shareholders' equity
Share capital	5,294	5,294
Capital surplus	9,628	9,632
Retained earnings	28,950	29,213
Treasury shares	(182)	(161)
Total shareholders' equity	43,691	43,979
Accumulated other comprehensive income
Valuation difference on available-for-sale	473	569
securities
Foreign currency translation adjustment	(89)	119
Remeasurements of defined benefit plans	(308)	(259)
Total accumulated other comprehensive income	75	429
Share acquisition rights	45	45
Non-controlling interests	377	276
Total net assets	44,189	44,730
Total liabilities and net assets		105,096	101,295

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