Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

April 28, 2022

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
(Under Japanese GAAP)
Company name:
Konishi Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
4956
URL:
http://www.bond.co.jp/
Representative:
Keiichi Oyama, Representative Director and President
Inquiries:
Shozo Arisawa, Director and Senior Managing Executive Officer
Telephone:+81-6-6228-2877
Scheduled date of annual general meeting of shareholders:June 21, 2022
Scheduled date to commence dividend payments:
June 22, 2022
Scheduled date to file annual securities report:
June 21, 2022
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for institutional investors and analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31,
2022)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

March 31, 2022

113,671

5.5

7,298

3.1

7,822

5.4

5,135

4.1

March 31, 2021

107,750

-

7,082

-

7,424

-

4,931

-

Note: Comprehensive income

For the fiscal year ended March 31, 2022:
For the fiscal year ended March 31, 2021:

Basic earnings
per share

Diluted earnings
per share¥5,690 million¥7,615 million

Return on equity[25.3%][-%]

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

Fiscal year ended

Yen

March 31, 2022

144.13

-

7.7

6.7

6.4

March 31, 2021

137.50

-

7.9

6.8

6.6

Yen

%

%

%

Reference:

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2022:¥19 million
For the fiscal year ended March 31, 2021:¥10 million
Note: Konishi Co., Ltd. (the “Company”) has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29,
March 31, 2020) and relevant revised ASBJ regulations from the beginning of the fiscal year under review, and each figure
for the fiscal year ended March 31, 2021 is the figure after retrospectively applying the accounting standard and relevant
revised ASBJ regulations. Consequently, the percentage of year-on-year change of each figure for the fiscal year ended
March 31, 2021 is not shown.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

119,148

72,89757.6

1,926.62

March 31, 2021

113,800

68,78556.9

1,819.41

Reference:

EquityAs of March 31, 2022:
As of March 31, 2021:¥68,664 million¥64,780 million%

YenNote: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant revised ASBJ regulations from the beginning of the fiscal year under review, and each figure for the fiscal year
ended March 31, 2021 is the figure after retrospectively applying the accounting standard and relevant revised ASBJ
regulations.

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2022

6,198

(2,674)(1,823)25,514

March 31, 2021

6,765

(2,690)(3,032)

23,721

2. Cash dividends
Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end
Yen
Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
(Forecast)

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Ratio of
Payout ratio dividends to(Consolidated) net assets(Consolidated)

Yen Millions of yen

%

%

-

18.00

-

22.00

40.00

1,426

29.1

2.3

-

22.00

-

22.00

44.00

1,568

30.5

2.3

-

27.00

-

22.00

49.00

-

Note: Breakdown of second quarter-end dividends (forecast) for the fiscal year ending March 31, 2023: Ordinary dividend ¥22.00,
70th anniversary of the launch of bond (synthetic adhesive) dividend ¥5.00

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March
31, 2023)(Percentages indicate year-on-year changes.)
Net sales

Six months ending
September 30,
2022
Fiscal year ending
March 31, 2023

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

58,2508.0

2,670(22.1)

2,800(23.7)

6,860

188.0

192.54122,000

7.3

6,950

(4.8)

7,250

(7.3)

9,600

86.9

269.44

Note: The main reason for the large fluctuation in profit attributable to owners of parent is that extraordinary income of 7,176
million yen will be generated for the first six months of the fiscal year as a gain on sale of non-current assets due to thetransfer of non-current assets.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in a change
in the scope of consolidation): No
Included: 0 companies, excluded 0 companies(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies other than (i): None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For details, please refer to “(6) Changes in significant basic matters for preparation of consolidated
financial statements” in “3. Consolidated financial statements and significant notes thereto” on page
22 of the attached document.
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

40,707,440 shares

As of March 31, 2021

40,707,440 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

5,067,401 shares

As of March 31, 2021

5,102,082 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2022

35,629,379 sharesFiscal year ended March 31, 2021

35,868,582 shares[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 toMarch 31, 2022)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

ProfitFiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

March 31, 2022

75,195

5.9

3,890

1.2

4,926

5.3

3,619

(2.7)

March 31, 2021

71,023

-

3,843

-

4,679

-

3,717

-

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

March 31, 2022

101.58-March 31, 2021

103.65-

Yen

Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant revised ASBJ regulations from the beginning of the fiscal year under review, and each figure for the fiscal year
ended March 31, 2021 is the figure after retrospectively applying the accounting standard and relevant revised ASBJ
regulations. Consequently, the percentage of year-on-year change of each figure for the fiscal year ended March 31, 2021 is
not shown.

(2) Non-consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

97,64353,45954.7%

1,499.98

Yen

March 31, 2021

93,39851,57255.2

1,448.46

Reference:

EquityAs of March 31, 2022:¥53,459 million
As of March 31, 2021:¥51,572 million
Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant revised ASBJ regulations from the beginning of the fiscal year under review, and each figure for the fiscal year
ended March 31, 2021 is the figure after retrospectively applying the accounting standard and relevant revised ASBJ
regulations.

* Reports on financial results are exempt from an audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
Forward-looking statements, including the earnings forecasts stated in these materials, are based on information
currently available to the Company and certain assumptions deemed reasonable. Results may differ materiallyfrom the earnings forecasts due to various factors. For the assumptions used as the basis for the earnings
forecasts and special remarks regarding the use of the earnings forecasts, please refer to “(4) Future outlook” in“1. Overview of operating results, etc.” on page 9 of the attached document.
The Company plans to hold a presentation meeting for institutional investors and analysts on May 25, 2022
(Wednesday). A summary of the presentation materials for financial results to be distributed at the meeting will
be posted on the Company's website after the briefing.

Konishi Co., Ltd. (4956)

Index
1.

Overview of operating results, etc. .................................................................................................................... 2(1) Overview of operating results for the fiscal year under review ................................................................. 2(2) Overview of financial position for the fiscal year under review ............................................................... 3(3) Review of cash flow position for the fiscal year under review.................................................................. 4(4) Future outlook ........................................................................................................................................... 5(5) Basic policy on profit distribution and dividends for fiscal 2022 and fiscal 2023 .................................... 6

2.

Basic concept regarding selection of accounting standards ............................................................................... 6

3.

Consolidated financial statements and significant notes thereto ....................................................................... 7(1) Consolidated balance sheet........................................................................................................................ 7(2) Consolidated statement of income and consolidated statement of comprehensive income..................... 10(3) Consolidated statement of changes in equity........................................................................................... 12(4) Consolidated statement of cash flows...................................................................................................... 16(5) Notes on premise of going concern ......................................................................................................... 18(6) Changes in significant basic matters for preparation of consolidated financial statements ..................... 18(7) Notes to consolidated financial statements .............................................................................................. 20
Segment information, etc......................................................................................................................... 20
Per share information .............................................................................................................................. 24
Omission of disclosure ............................................................................................................................ 25
Significant events after reporting period ................................................................................................. 25

4.

Other ................................................................................................................................................................ 26
Change in officers.................................................................................................................................... 26

Reference: Supplementary Information on Financial Results for the Fiscal Year Ended March 31, 2022 .............. 27-1-

Konishi Co., Ltd. (4956)
1. Overview of operating results, etc.
(1) Overview of operating results for the fiscal year under review
During the fiscal year ended March 31, 2022 (fiscal year under review), the Japanese economy experienced aslowdown in the pace of recovery. This was because personal consumption continued to be on the downturn
due to the prolonged spread of the novel coronavirus disease (COVID-19), and the rapid increase in the numberof infected and close-contact persons suppressed production activities of companies. Furthermore, the situationin Ukraine worsened in February 2022, and the outlook remained uncertain.
Under these business conditions, the industries related to the Company and its subsidiaries (the “Group”)
showed the following trend. The number of new housing starts maintained a recovery trend moderately in the
housing industry. This was in line with demand growth caused by factors such as economic recovery and areview of the living environment due to growing in-home needs. In the automotive industry, production tended
to decline due to factors such as supply shortages of semiconductors and parts, and disruptions in global
logistics networks. However, the market for in-vehicle semiconductors and electronic components remained
strong as the shift to EVs progressed. In the civil engineering and construction work industry, demand for
repair and improvement works of buildings and demand for maintenance and mending of infrastructure suchas roads and railroads remained strong.
As a result, the Group’s operating results for the fiscal year under review were as follows. Net sales increased
5.5% year on year to 113,671 million yen, operating profit was up 3.1% year on year to 7,298 million yen,ordinary profit grew 5.4% year on year to 7,822 million yen, and profit attributable to owners of parent
increased 4.1% year on year to 5,135 million yen.
The “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and otherrelevant standards have been applied from the beginning of the fiscal year under review, and comparative
analysis is based on figures after retrospective application. For details, please refer to “(6) Changes insignificant basic matters for preparation of consolidated financial statements” in “3. Consolidated financial
statements and significant notes thereto.”

Results by segment are as follows.
The Group’s business segments were “Bond,” “Civil Engineering and Construction,” and “Chemicals.”
However, from the fiscal year under review, the business of adhesives, repair materials, and sealants used in
the civil engineering and construction field, which were included in “Civil Engineering and Construction,”were transferred to “Bond,” and the business segments have been reorganized as “Bond,” “Chemicals,” and“Construction.”
This was due to the change in management structure to further enhance the construction contracting businessfor repair, improvement and reinforcement of social infrastructure and building stock markets from April 2021
onwards.
The following comparisons with the same period of the previous fiscal year are based on figures prepared inaccordance with the new segment classifications.
(i)Bond (synthetic adhesive)
In the general household field, sales decreased due to a rebound after special demand from people staying
home last year. In the housing-related field, sales of adhesives for interior construction and interiorbuilding materials increased due to a recovery in the number of new housing starts. In the industrial
materials field, sales grew due to strong sales of water-based adhesives for paper-related applications andelastic adhesives used in automobiles and electronic components. Sales in the civil engineering andconstruction field were also strong, with an overall recovery in sales, including increased sales ofmaterials used for civil engineering and construction repairs and building sealants. However, prices of-2-

Konishi Co., Ltd. (4956)
raw materials used for adhesives and sealants have risen sharply since the third quarter, and although theprice of finished goods has been revised, profits declined.
As a result of the above, net sales increased 9.1% year on year to 63,613 million yen and operating profit
fell 5.0% year on year to 4,606 million yen.
(ii) Chemicals
In the chemical industry field, although sales of ethanol-related products fell in reaction to last year’s
emergency demand, sales of resin raw materials were strong, and sales increased significantly. In theautomotive field, sales of products used in automotive electrical components increased significantly. In
addition, sales also increased for products for use with heat dissipation adhesives in the electronic andelectrical field and products in the coating materials field. Sales at MARUYASU & CO., LTD.
significantly increased due to the strong performance of products for use in semiconductor manufacturing
and products for use in capacitors.
As a result of the above, net sales increased 13.1% year on year to 31,844 million yen and operating profit
grew 57.8% year on year to 989 million yen.
(iii) Construction
In the construction business, although sales decreased due to large-scale construction projects in theprevious fiscal year, they remained as planned. In addition, the orders for repair, improvement, andreinforcement works in infrastructure, particularly for public works, and used building markets werestrong.
As a result of the above, net sales decreased 14.4% year on year to 18,020 million yen and operating profit
rose 19.1% year on year to 1,674 million yen.
(iv) OtherThe Other segment represents the Real Estate Rental Business, etc. Net sales decreased 23.5% year on
year to 193 million yen and operating profit dropped 91.0% year on year to 17 million yen.
(2) Overview of financial position for the fiscal year under review
Total assets as of March 31, 2022 increased 5,347 million yen from the previous fiscal year-end to 119,148
million yen.
(i)

AssetsCurrent assets increased 6,276 million yen from the previous fiscal year-end to 82,266 million yen mainly
due to an increase of 6,048 million yen in electronically recorded monetary claims-operating, and anincrease of 2,292 million yen in cash and deposits, despite a decrease of 2,828 million yen in accounts
receivable-trade. Non-current assets decreased 929 million yen from the previous fiscal year-end to
36,882 million yen, despite an increase of 622 million yen in land of property, plant and equipment. The
reasons for this include decreases in the following property, plant and equipment: 531 million yen in
construction in progress, 495 million yen in buildings and structures, and 377 million yen in investment
securities of investments and other assets.

(ii) Liabilities
Current liabilities increased 1,762 million yen from the previous fiscal year-end to 41,195 million yen
mainly due to an increase of 2,211 million yen in notes and accounts payable-trade, despite a decrease of
379 million yen in income taxes payable. Non-current liabilities decreased 526 million yen from the-3-

Konishi Co., Ltd. (4956)
previous fiscal year-end to 5,055 million yen mainly due to a decrease of 223 million yen in retirement
benefit liability and a decrease of 184 million yen in long-term borrowings.
(iii) Net assets
Net assets increased 4,112 million yen from the previous fiscal year-end to 72,897 million yen mainly
due to an increase of 3,567 million yen in retained earnings.
(3) Review of cash flow position for the fiscal year under review
Cash and cash equivalents (hereinafter “cash”) increased 1,792 million yen during the fiscal year under review(883 million yen increase year on year). This was comprised of cash flows from operating activities of 6,198
million yen (down 567 million yen year on year), cash flows from investing activities of 2,674 million yen(down 16 million yen year on year), and cash flows from financing activities of 1,823 million yen (down 1,209
million yen year on year).
As a result, the balance of cash as of March 31, 2022 amounted to 25,514 million yen, an increase of 1,792
million yen year on year.
(i)

Cash flows from operating activities
Net cash provided by operating activities was 6,198 million yen (down 567 million yen year on year).
This was mainly due to profit before income taxes of 7,980 million yen, an increase in trade payables of
2,385 million yen, and an increase in depreciation of 2,266 million yen, despite income taxes paid of
2,987 million yen, and an increase in trades receivables and contract assets of 2,242 million yen.

(ii) Cash flows from investing activities
Net cash used in investing activities was 2,674 million yen (down 16 million yen year on year).
This was mainly due to purchase of property, plant and equipment of 2,882 million yen, and payments
into time deposits of 1,655 million yen, despite proceeds from withdrawal of time deposits of 1,155
million yen.
(iii) Cash flows from financing activities
Net cash used in financing activities was 1,823 million yen (down 1,209 million yen year on year).
This was mainly due to dividends paid of 1,564 million yen.

-4-

Konishi Co., Ltd. (4956)
Trends in the various cash flow indicators are shown in the table below.
Fiscal year Fiscal year Fiscal year Fiscal year Fiscal year
ended March ended March ended March ended March ended March
31, 2018
31, 2019
31, 2020
31, 2021
31, 2022
Equity ratio

(%)

53.7

53.2

56.6

56.9

57.6

Market value equity
ratio

(%)

58.7

53.6

48.9

56.2

46.8

Interest-bearing debt tocash flow ratio(yearly)

0.2

0.2

0.1

0.1

0.1

Interest coverage ratio(times)

415.6

326.3

446.6

513.7

584.5

Equity ratio:
equity / total assets
Market value equity ratio:
market capitalization / total assets
Interest-bearing debt to cash flow ratio:
interest-bearing debt / cash flow
Interest coverage ratio:
cash flow / interest payments
Note 1: All indicators are calculated using consolidated financial data.
Note 2: Market capitalization is calculated by multiplying the share price at the end of the fiscal year by
the number of issued shares at the end of the fiscal year (excluding treasury shares).
Note 3: Cash flow means cash flows from operating activities.
Note 4: Interest-bearing debt includes the total amount of borrowings on the consolidated balance sheets.
Note 5: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No.
29, March 31, 2020) and relevant revised ASBJ regulations from the beginning of the fiscal year
under review, and the cash flow indicator for the fiscal year ended March 31, 2021 is the indicator
after retrospectively applying the accounting standard and relevant revised ASBJ regulations.
(4) Future outlook
Regarding the Japanese economy in the fiscal year ending March 2023, consumer spending and corporate
activities are expected to recover due to a decrease in the number of infected people and the widespread use of
vaccines amid the prolonged impact of COVID-19. However, the situation remains unpredictable, as increasing
geopolitical risks from the worsening situation in Ukraine, further shooting up in resource prices, anddisruptions in the supply network may depress corporate earnings and have a major impact on the recovery of
the Japanese economy. Under these circumstances, in the housing-related field of the Bond Business, housing
demand is growing again as the economy recovers in full swing, and housing starts are expected to increase,especially for detached housing. Furthermore, in the civil engineering and construction field, repair andrenovation work in the stock market for buildings and condominiums, as well as in the infrastructure market,
is expected to remain strong. However, further increases in the prices of raw materials used in adhesives andsealants and higher transportation costs are expected to pressure profits. In the Chemicals Business, growth isexpected to continue in advanced technology fields due to factors such as the strengthening and expanding of
information and communications functions, the growing use of electronics in vehicles, and an increase indemand for robotics against the backdrop of labor shortages. In the Construction Business, the Fundamental
Plan for National Resilience has been promoted, and demand for the development and maintenance of aging
infrastructure is expected to continue to grow.
Under these circumstances, in the Group's Bond Business, the Group will strengthen its core businesses, suchas adhesives for the housing-related field and adhesives and sealants for civil engineering and construction. It
will also endeavor to expand its business domains by strengthening new development activities in growthmarkets such as the electronic, electronic materials, and automobile industries. On the other hand, the pricesof raw materials are expected to rise again this fiscal year, as in the previous fiscal year. Therefore, although
we will revise the prices of finished goods again, we expect there will be a difficult profit situation.

-5-

Konishi Co., Ltd. (4956)
In the Chemicals Business, we will work to expand sales of heat-dissipation and heat-resistant products bystrengthening sales activities in the automobile, electronic appliance, and chemical industries. In addition, we
will shift from a focus on sales to a profit-oriented approach to improve profitability by reviewing our sales
activities and introducing new finished goods using our own technologies.
In the Construction Business, we will work to further expand the repair and renovation business in the social
infrastructure and building stock market by increasing order receipt for high-margin construction work and theratio of prime contract construction. In response to labor shortages, we will consider measures to strengthen
recruitment and secure employment and strive to build a system to sustain business expansion.
In our consolidated earnings forecasts for the fiscal year ending March 31, 2023, we forecast that net sales will
increase 7.3% year on year to 122,000 million yen, operating profit will fall 4.8% year on year to 6,950 million
yen, ordinary profit will drop 7.3% year on year to 7,250 million yen, and profit attributable to owners of parent
will go up 86.9% year on year to 9,600 million yen.
The main reason for the large fluctuation in profit attributable to owners of parent is that extraordinary incomeof 7,176 million yen is expected to be generated for the first six months of the fiscal year ending March 2023
as a gain on sale of non-current assets due to the transfer of non-current assets. (Announced on August 24,
2021)
We also planned to announce our three-year medium-term management plan at the financial results briefing
held in May. However, the announcement has been postponed due to the fact that the prices of raw materials
used for adhesives and sealants have shot up more than expected, and the outlook for the plan is very uncertain
due to concerns of further increases in resource prices and disruptions in the supply network caused by theworsening situation in Ukraine and others.
(5) Basic policy on profit distribution and dividends for fiscal 2022 and fiscal 2023
As a basic policy on profit distribution, the Company believes that returning profits to shareholders is a vital
issue facing company management. Our policy is to strive to strengthen the Company’s business base byenhancing financial structure through revenue-focused business activities and to pay a sustainable dividend
based on considerations such as each fiscal year’s business performance. We will also strive to improvebusiness performance through the effective use of internal reserves, such as investment in automation, laborsaving manufacturing, and logistics facilities that can improve productivity, the expansion of business areas
through M&A, and investing in the introduction of new core systems.
For the fiscal year under review (ended March 31, 2022), the Company forecasts a year-end dividend of 22
yen per share in addition to an interim dividend of 22 yen already paid, and this will result in an annual dividendof 44 yen. Regarding the dividends for the next fiscal year (ending March 31, 2023), the Company forecasts
an interim dividend of 27 yen per share, consisting of an ordinary dividend of 22 yen and a commemorative
dividend of 5 yen for the 70th anniversary of the launch of bond (synthetic adhesive), and an annual dividendof 49 yen, including a fiscal year-end dividend of 22 yen.
Also, the Company expects a significant change in profit attributable to owners of parent due to a gain on saleof non-current assets. However, since the sale of non-current assets is a special factor due to the sale of realestate that is not directly related to the Company's business activities, the amount of dividend is determined by
excluding the impact of such sales.
2. Basic concept regarding selection of accounting standards
The Group has adopted Japanese accounting standards in order to ensure comparability with other Japanesecompanies in the same industries.

-6-

Konishi Co., Ltd. (4956)
3. Consolidated financial statements and significant notes thereto(1) Consolidated balance sheet(Millions of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Electronically recorded monetary claimsoperating
Accounts receivable-trade
Contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
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
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Guarantee deposits
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-7-

As of March 31, 2022

23,876
6,533

26,169
5,977

4,588

10,637

26,203
5,990
6,254
248
1,039
1,302
(48)
75,98923,374
5,734
7,280
253
1,305
1,579
(47)
82,26624,987(12,524)
12,462
16,218(13,677)

25,328(13,361)
11,967
17,489(14,628)

2,540

2,860

4,320
(3,731)
588
9,195
310
(141)
168
856
25,812991

4,340(3,839)
500
9,818
312
(165)
146
325
25,618
811

8,005
20
374
1,745
233
645
(18)
11,00737,811
113,800

7,628
11
377
1,704
221
527
(17)
10,45336,882
119,148

Konishi Co., Ltd. (4956)-8-

Konishi Co., Ltd. (4956)(Millions of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations-operating
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Lease obligations
Long-term guarantee deposits
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
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-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets-9-

As of March 31, 2022

29,525
3,116
48
81
23
1,617
139
1,108

31,737
3,413
46
104
21
1,238
328
1,125

113

116

3,658
39,433

3,063
41,195

159
2,890
440
1,085
836
169
5,582
45,015

135
2,915
256
966
612
169
5,055
46,251

4,603
4,526
57,596(5,541)
61,185

4,603
4,544
61,164(5,504)64,808

2,643

2,383

(0)
(66)
1,019

0
270
1,201

3,595

3,856

4,004
68,785
113,800

4,232
72,897
119,148

Konishi Co., Ltd. (4956)(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income(Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using
equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Depreciation
Compensation expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on sale of investment securities
Other
Total extraordinary losses
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Fiscal year ended March 31, Fiscal year ended March 31,
2021
2022
107,750
113,671
85,222
90,66522,52823,006
15,446
15,707
7,082
7,298- 10 -

11
195

13
210

10

19

17
217
452

81
252
577

13
25
16
56
110
7,424

10
24
8
9
53
7,822

254
175
430

45
152
0
197

29
4
33
7,821
2,715
(109)
2,605
5,215
283
4,931

40
0
40
7,980
2,627
(54)
2,573
5,406
271
5,135

Konishi Co., Ltd. (4956)
Consolidated statement of comprehensive income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

Fiscal year ended March
31, 2021
5,215

Fiscal year ended March
31, 2022
5,406

1,454

(281)

0
(122)

0
361

1,058

182

10

21

2,400
7,615

283
5,690

7,157

5,396

458

294

- 11 -

Konishi Co., Ltd. (4956)(3) Consolidated statement of changes in equity
Fiscal year ended March 31, 2021
(Millions of yen)
Share capital
Balance at beginning of
periodCumulative effects ofchanges in accounting
policies
Restated balance
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

4,603

Capitalsurplus
4,513

54,184(4,599)

(42)
4,603

4,513

54,141

4,603

13
4,526

Total shareholders’equity58,701(42)(4,599)58,658(1,476)(1,476)

4,931

4,931

13

Valuationdifference on
available-forsale securities
Balance at beginning of
periodCumulative effects ofchanges in accounting
policies
Restated balance
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

Shareholders’ equity
Retained
Treasury
earnings
shares3,455
57,596

(971)
29

(971)
42

(941)
(5,541)

2,526
61,185

Accumulated other comprehensive income
DeferredForeign
Total accumulated
Remeasureme
gains orcurrencyother
nts of defined
losses ontranslation
comprehensive
benefit planshedgesadjustment
income

1,392

(0)

16

(38)

1,369

1,392

(0)

16

(38)

1,369

1,250

0

(83)

1,058

2,225

1,250
2,643

0
(0)

(83)
(66)

1,058
1,019

2,225
3,595

- 12 -

Konishi Co., Ltd. (4956)
Noncontrollinginterests
Balance at beginning of
periodCumulative effects ofchanges in accounting
policies
Restated balance
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

Total net
assets3,289

63,360

(0)

(43)

3,288

63,316(1,476)
4,931
(971)
42

716

2,941

716
4,004

5,468
68,785- 13 -

Konishi Co., Ltd. (4956)
Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginningof period
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other thanshareholders’ equity
Total changes during
periodBalance at end of
periodCapital surplus

4,603

4,526

Retainedearnings
57,596

Treasury shares

Total
shareholders’equity(5,541)

61,185(1,567)(1,567)

5,135

5,135

17

(0)

(0)

37

55

-

17

3,567

37

3,623

4,603

4,544

61,164(5,504)64,808

Accumulated other comprehensive income

Balance at beginningof period
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other thanshareholders’ equity
Total changes during
periodBalance at end of
periodDeferred gains
or losses onhedges

2,643

(0)

(66)

1,019

3,595

(259)

0

337

182

260

(259)

0

337

182

260

2,383

0

270

1,201

3,856

- 14 -

Foreigncurrencytranslation
adjustment

Total
Remeasurements accumulatedof definedotherbenefit planscomprehensive
incomeValuationdifference on
available-forsale securities

Konishi Co., Ltd. (4956)

Balance at beginningof period
Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items
other thanshareholders’ equity
Total changes during
periodBalance at end of
periodNon-controllinginterests

Total net assets

4,004

68,785(1,567)
5,135
(0)
55

227

488

227

4,112

4,232

72,897- 15 -

Konishi Co., Ltd. (4956)(4) Consolidated statement of cash flows(Millions of yen)
Fiscal year ended March Fiscal year ended March
31, 2021
31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Loss (gain) on sale of investment securities
Loss (gain) on disposal of property, plant andequipment
Loss (gain) on sale of property, plant and equipment
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Cash flows from operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Proceeds from sale and redemption of securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Payments for acquisition of businesses
Proceeds from cancellation of insurance funds
Other
Cash flows from investing activities- 16 -

7,821
1,810
204
(170)

7,980
2,266
222
(152)

4

5

(250)
4
28

(45)
(2)
17

6

3

61
133
(207)
13

(37)
115
(224)
10

(10)

(19)

(2,084)(2,242)

693
1,137
(517)
(8)
243
8,912
207
(13)
(2,341)
6,765(1,224)
2,385
(127)
(15)
53
8,971
224
(10)
(2,987)
6,198(1,324)
1,705
293(3,152)
304
(75)
(64)
337

(1,655)1,155(2,882)
764
(209)
(66)
220

(12)

-

(764)
52
10
(2,690)8(8)(2,674)

Konishi Co., Ltd. (4956)(Millions of yen)
Fiscal year ended March Fiscal year ended March
31, 2021
31, 2022
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of lease obligations
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Proceeds from share issuance to non-controllingshareholders
Other
Cash flows from 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- 17 -

(471)
(25)
(405)
(971)
(1,477)
(62)

(6)
(23)
(181)
(0)
(1,564)
(66)

320

-

60
(3,032)20(1,823)

(132)

92

909
22,812
23,721

1,792
23,721
25,514

Konishi Co., Ltd. (4956)(5) Notes on premise of going concern
Not applicable.
(6) Changes in significant basic matters for preparation of consolidated financial statements
Changes in accounting policies
Application of Accounting Standard for Revenue Recognition and relevant revised ASBJ regulations
The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March
31, 2020) and relevant revised ASBJ regulations effective from the beginning of the fiscal year under review,
and it has decided to recognize revenue at the time the control of promised goods or services is transferred tothe customer in the amount expected to be received upon exchange of said goods or services.
The major revisions due to the application of the accounting standard are as follows.
(1) Revenue recognition for agent transactions
Regarding revenue from the sale of merchandise mainly in the Bond Business and the Chemicals Business,
the Company previously recognized the total amount of consideration received from customers as revenue.
However, for transactions in which the Company’s role in providing merchandise to customers is that ofan agent, the Company has changed to recognizing revenue as the net amount received from the customer
less the amount paid to the supplier of the merchandise.
(2) Revenue recognition for construction contracts
In the past, the percentage-of-completion method was applied to construction contracts in theConstruction Business if the outcome of the contracted work was deemed certain, while the completed
contract method was applied to construction contracts that did not meet this requirement. However, theCompany has changed its method to recognizing revenue over a certain period of time as performanceobligations are satisfied. If the extent of progress toward satisfaction of the performance obligation cannot
be reasonably measured, revenue is recognized only to the extent of the actual cost incurred. If the period
between the date of commencement of the transaction in the contract and the time when the performanceobligation is expected to be fully satisfied is very short, the Company does not recognize revenue over acertain period of time but recognizes revenue when the performance obligation is fully satisfied.
(3) Revenue recognition for transactions including variable consideration
In the past, rebates, etc., mainly in the Bond Business and the Chemicals Business, were deducted fromnet sales when the amount was fixed. However, the method has been changed to reflect these components
in the transaction price only to the extent that it is highly probable that there will be no significant reversalof the accumulated amount of revenue recognized when the uncertainty regarding variable consideration
is subsequently resolved. In addition, sales discounts, which were previously recorded as non-operating
expenses, are now deducted from net sales.

This change in accounting policy has been applied retrospectively in principle, and the consolidated financial
statements of the previous fiscal year were adjusted retrospectively.
As a result, net sales, cost of sales, operating profit, and non-operating expenses of the previous fiscal year
decreased 25,985 million yen, 25,782 million yen, 203 million yen, and 199 million yen, respectively, andordinary profit and profit before income taxes fell 3 million yen each, compared with the results before theretrospective application.
In the consolidated statement of cash flows of the previous fiscal year, profit before income taxes decreased 3
million yen.

- 18 -

Konishi Co., Ltd. (4956)
As the cumulative effect was reflected in net assets at the beginning of the previous fiscal year, the balance ofretained earnings at the beginning of the previous fiscal year in the consolidated statement of changes in equity
decreased 42 million yen.
Due to the application of “Accounting Standard for Revenue Recognition” and relevant revised ASBJ
regulations, “Notes and accounts receivable-trade,” which were presented in “Current assets” in the
consolidated balance sheet of the previous fiscal year, are now included in “Notes receivable-trade,” “Accounts
receivable-trade,” and “Contract assets,” from the fiscal year under review. Similarly, “Other,” which waspresented in “Current liabilities,” is now included in “Contract liabilities” and “Other” from the fiscal year
under review. In addition, “Decrease (increase) in trade receivables,” which was presented in “Cash flows fromoperating activities” in the consolidated statement of cash flows of the previous fiscal year, is now included in“Decrease (increase) in trade receivables and contract assets” from the fiscal year under review.
The impact on per-share information is described in the relevant parts.

Application of Accounting Standard for Fair Value Measurement and Its Implementation Guidance
The Company applied “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4,2019) and its implementation guidance from the beginning of the fiscal year under review. Furthermore, theCompany will prospectively apply the new accounting policies prescribed by the Accounting Standard for Fair
Value Measurement and its implementation guidance in accordance with the transitional treatments prescribedin Paragraph 19 of the Accounting Standard for Fair Value Measurement and Paragraph 44-2 of the AccountingStandard for Financial Instruments (ASBJ Statement No. 10, July 4, 2019). There is no resulting effect on
the consolidated financial statements.
Changes in presentation
Consolidated balance sheet“Costs on construction contracts in progress” in “Current assets,” which were presented separately in theprevious fiscal year, are included in “Other” of “Current assets” from the fiscal year under review due to theirdecreased financial importance. To reflect the changes to presentation, the consolidated financial statements ofthe previous fiscal year have been reclassified.
As a result, in the consolidated balance sheet of the previous fiscal year, the 33 million yen (after retrospective
application due to changes in accounting policies) that had been shown in the "Costs on construction contracts
in progress" of "Current assets" has been reclassified as "Other."Consolidated statement of income“Foreign exchange gains,” which were included in “Other” of “Non-operating income” in the previous fiscal
year, are presented separately from the fiscal year under review, as they exceeded 10% of the total amount of
non-operating income. To reflect the changes to presentation, the consolidated financial statements of theprevious fiscal year have been reclassified.
As a result, in the consolidated statement of income of the previous fiscal year, the 234 million yen that had
been shown in “Other” of “non-operating income” has been reclassified as 17 million yen in “Foreign exchange
gains” and 217 million yen in “Other.”“Depreciation” and “Compensation expenses,” which were included in “Other” of “Non-operating expenses”
in the previous fiscal year, are presented separately from the fiscal year under review, as they exceeded 10%- 19 -

Konishi Co., Ltd. (4956)
of the total amount of non-operating expenses. To reflect the changes to presentation, the consolidated financial
statements of the previous fiscal year have been reclassified.
As a result, in the consolidated statement of income of the previous fiscal year, the 97 million yen that had
been shown in “Other” of “Non-operating expenses” has been reclassified as 25 million yen in “Depreciation,”
16 million yen in “Compensation expenses” and 56 million yen in “Other.”(7) Notes to consolidated financial statements
Segment information, etc.
Segment information
1

Description of reportable segments
The reportable segments of the Company are constituent units of the Company for which separate
financial information is available. The Board of Directors periodically examines these segments to decideon the allocation of management resources and evaluate business performance.
The Company basically consists of three business divisions, the Bond Business, Chemicals Business, andConstruction Business, with each business formulating a comprehensive strategy that includes Japan andoverseas, and pursuing business activities.
Accordingly, the Group has the following three reportable segments: Bond, Chemicals, and Construction.
“Bond” covers the manufacture and sale of industrial adhesives, adhesives for general household use,
adhesives for construction, adhesives for civil engineering, sealing materials, adhesives for wall coverings,
waxes, and adhesive tapes. “Chemicals” covers the sale of industrial chemicals, synthetic resins, resin
mold products, materials for electronic components, and thin film materials. “Construction” covers
undertaking contracts for repair, improvement, and reinforcement works in the infrastructure and usedbuilding markets.
Matters concerning changes to reporting segments
As described in “(6) Changes in significant basic matters for preparation of consolidated financial
statements” in “3. Consolidated financial statements and significant notes thereto” the Company has
applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant revised ASBJ regulations from the beginning of the fiscal year under review, and changed theaccounting method for revenue recognition. As a result, the measurement method for profit or loss ofbusiness segments was changed in the same manner.
The Group’s business segments were “Bond,” “Civil Engineering and Construction,” and “Chemicals.”
However, from the fiscal year under review, the business of adhesives, repair materials, and sealants usedin the civil engineering and construction field, which were included in “Civil Engineering andConstruction,” was transferred to “Bond,” and the business segments have been reorganized as “Bond,”“Chemicals,” and “Construction.” This was due to the change in management structure to further enhance
the construction contracting business for repair, improvement and reinforcement of social infrastructure
and building stock markets from April 2021 onwards. The Company disclosed segment assets allocatedto each segment in accordance with changes in the management structure.
Segment information for the previous fiscal year is disclosed based on the revised method of measuring
profit or loss and the classification of reportable segments.

2

Method of calculating net sales, profit or loss, and other items by reportable segment
The accounting method for the reported business segments is in accordance with the accounting policies
used to prepare the consolidated financial statements.

- 20 -

Konishi Co., Ltd. (4956)
Values for profits shown in reportable segments are based on operating profit.
Intersegment internal revenues and transfers are based on market prices.
3

Disclosure of net sales, profit or loss, and other items by reportable segment
Fiscal year ended March 31, 2021
(Millions of yen)Amount inReportable segments
Bond
Net sales
Revenues from externalcustomers
Intersegment sales andtransfers
Total
Segment profit
Segment assets
Other items
Depreciation
Amortization of goodwill
Investments in equity
method affiliates
Increase in property, plantand equipment andintangible assets

Chemicals Construction

Other(Note) 1

Total

58,28428,15121,062 107,498

336

107

58,621
4,849
61,41828,259627
35,810

1,617
7

39
-

86
196

1,742
204

49
-

-

-

-

-

3,413

47

668

4,129

0

444

21,062 107,943
1,405
6,882
12,821 110,051

Adjustment consolidated
financialsstatements(Note) 2(Note) 3

Total

252 107,750-

107,750

529

(529)

-

337 108,280
189
7,072
3,019 113,070

(529)
9
730

107,750
7,082
113,800

1,792
204

18
-

1,810
204

-

-

271

271

119

4,248

-

4,248

84

Notes: 1 The “Other” category is a business segment not included in reportable segments, and includes the realestate rental business.
2 Details of adjustments are as follows:(1) Adjustments of segment profit represent eliminations for intersegment transactions.
(2) The 730 million yen adjustment for segment assets includes minus 197 million yen of eliminationof intersegment receivables and payables, minus 26 million yen of adjustment for unrealized gains,
and 953 million yen of corporate assets not allocated to each reportable segment. Corporate assets
consist mainly of surplus funds under management (time deposits) at the Company and investmentsin equity method affiliates.
(3) Adjustments of depreciation mainly represent depreciation unallocated to the reportable segments.
3 Segment profit is adjusted with operating profit in the consolidated statement of income.

- 21 -

Konishi Co., Ltd. (4956)
Fiscal year ended March 31, 2022
(Millions of yen)Amount inReportable segment
Bond
Net sales
Revenues from externalcustomers
Intersegment sales andtransfers
Total
Segment profit
Segment assets
Other items
Depreciation
Amortization of goodwill
Investments in equity
method affiliates
Increase in property, plantand equipment andintangible assets

Chemicals Construction

Other(Note) 1

Total

63,61331,84418,020113,478

315

183

6

505

63,9294,606
63,65932,028989
39,24618,026
1,674
11,939113,984
7,269
114,844

1,952
15

44
-

84
207

2,082
222

168
-

-

-

-

-

1,305

43

27

1,377

Adjustment consolidated
financials

Totalstatements(Note) 2

193 113,671(Note) 3-

113,671

588

(588)

-

276 114,260
17
7,287
3,569 118,414

(588)
11
734

113,671
7,298
119,148

2,250
222

16
-

2,266
222

-

-

311

311

735

2,112

-

2,112

83

Notes: 1 The “Other” category is a business segment not included in reportable segments, and includes the realestate rental business.
2 Details of adjustments are as follows:(1) Adjustments of segment profit represent eliminations for intersegment transactions.
(2) The 734 million yen adjustment for segment assets includes minus 210 million yen of eliminationof intersegment receivables and payables, minus 24 million yen of adjustment for unrealized gains,
and 969 million yen of corporate assets not allocated to each reportable segment. Corporate assets
consist mainly of surplus funds under management (time deposits) at the Company and investmentsin equity method affiliates.
(3) Adjustments of depreciation mainly represent depreciation unallocated to the reportable segments.
3 Segment profit is adjusted with operating profit in the consolidated statement of income.

- 22 -

Konishi Co., Ltd. (4956)
Disclosure of impairment loss on non-current assets by reportable segment
Fiscal year ended March 31, 2021
Not applicable.
Fiscal year ended March 31, 2022
Not applicable.
Amortization and unamortized balance of goodwill by reportable segment
Fiscal year ended March 31, 2021
(Millions of yen)
Reportable segment
Other

Corporateandelimination

Total

Bond

Chemicals

Construction

Total

Amortization
during period

7

-

196

204

-

-

204

Balance at
end of period

74

-

325

399

-

-

399

Fiscal year ended March 31, 2022
(Millions of yen)
Reportable segment
Other

Corporateandelimination

Total

Bond

Chemicals

Construction

Total

Amortization
during period

15

-

207

222

-

-

222

Balance at
end of period

64

-

118

183

-

-

183

Information about gain on negative goodwill by reportable segment
Fiscal year ended March 31, 2021
Not applicable.
Fiscal year ended March 31, 2022
Not applicable.

- 23 -

Konishi Co., Ltd. (4956)
Per share information(Yen)
Fiscal year ended March 31, 2021

Fiscal year ended March 31, 2022

1,819.41

1,926.62

137.50144.13

Net assets per share
Basic earnings per share

Notes: 1 Diluted earnings per share is not stated because there were no potential shares.
2 The basis for calculation is as follows:(i) Net assets per share
As of March 31, 2021

As of March 31, 2022

68,78572,897

Total net assets (millions of yen)
Net assets attributable to common shares(millions of yen)

64,78068,664Non-controlling interests

4,004

4,232

Number of issued common shares(thousand shares)

40,70740,707

Number of treasury common shares(thousand shares)

5,102

5,067

Number of common shares used for
calculating net assets per share (thousand
shares)35,60535,640Fiscal year ended March 31,
2021

Fiscal year ended March 31,
2022

Profit attributable to owners of parent(millions of yen)

4,931

5,135

Amounts not attributable to commonshareholders (millions of yen)(millions of yen)--

Profit attributable to owners of parent
related to common shares (millions of
yen)

4,931

5,135

Average number of outstanding commonshares during period (thousand shares)

35,86835,629Main details of differences (millions ofyen)(ii) Basic earnings per share3

As described in “(6) Changes in significant basic matters for preparation of consolidated financial
statements” in “3. Consolidated financial statements and significant notes thereto” the Company has
applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant revised ASBJ regulations from the beginning of the fiscal year under review. This change inaccounting policy has been applied retrospectively, and the consolidated financial statements of theprevious fiscal year were adjusted retrospectively. As a result, net assets per share and basic earnings per- 24 -

Konishi Co., Ltd. (4956)
share for the previous fiscal year decreased 1.27 yen and 0.08 yen, respectively, from those before theretrospective application.
Omission of disclosure
Notes other than the above are omitted because their disclosure is considered unnecessary in reports offinancial results.
Significant events after reporting period
Not applicable.

- 25 -

Konishi Co., Ltd. (4956)
4.

Other
Change in officers
Disclosure will be made when the details of disclosure are determined.

- 26 -

Konishi Co., Ltd. (4956)

Reference: Supplementary Information on Financial Results for the Fiscal Year
Ended March 31, 2022
1. Financial Results and Forecasts(Millions of yen)

Net sales
Operating profit
Ordinary profit
Profit attributable toowners of parent

Consolidated
Consolidated
Consolidated

Fiscal year
ended March 31,
2022
Full year
113,671
7,298
7,822

Consolidated

5,135

Fiscal year ending March 31, 2023 (forecast)
Full year
Changes (amount)
122,000
8,328
6,950
(348)
7,250
(572)
9,600

4,464

Changes (%)7.3%(4.8)%(7.3)%
86.9%

2. Financial Results and Forecasts by Segment(Millions of yen)

Bond

Chemicals

Construction

Other

Adjustments

Total

Net sales
OperatingprofitNet sales
OperatingprofitNet sales
OperatingprofitNet sales
OperatingprofitNet sales
OperatingprofitNet sales
OperatingprofitFiscal year
ended March 31,
2022
Full year
63,613Fiscal year ending March 31, 2023 (forecast)
Full year
Changes (amount)
67,2003,586

Changes (%)
5.6%

4,606

4,000

(606)

(13.2)%

31,84434,400

2,555

8.0%

989

1,170

180

18.2%

18,02020,200

2,179

12.1%

1,674

1,750

75

4.5%

193

200

6

3.5%

17

15

(2)

(12.4)%

-

-

-

-

11

15

3

25.8%

113,671

122,000

8,328

7.3%

7,298

6,950

(348)

(4.8)%

3. Indicators(Millions of yen)

Fiscal year
ended March 31,
2022
Full year- 27 -

Fiscal year ending March 31, 2023 (forecast)
Full year

Changes (amount)

Changes (%)

Konishi Co., Ltd. (4956)
Capital investment
Depreciation
Research anddevelopment

Consolidated
Consolidated

2,112
2,266

3,598
2,057

1,486
(209)

70.4%
(9.2)%

Consolidated

1,613

1,713

100

6.2%

Note 1: Figures are rounded down to the nearest 1 million yen.
Note 2: Changes (amount and %) are presented in comparison with the same period of the previous fiscal year.

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