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.

Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Under Japanese GAAP)
July 29, 2022
Company name:
EIZO Corporation
Stock exchange listing: Tokyo
Stock code:
6737
URL https://www.eizo.co.jp/
Representative:
President
Director, Operating Officer, and Senior
Inquiries:
Manager, Accounting & Finance, & Investor
Relations
Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yoshitaka Jitsumori
Masaki Ebisu

TEL

076-275-4121

August 5, 2022
–Yes
No
(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2022
17,847 (22.9)
877 (78.3)
1,258 (72.5)
1,383 (56.3)
Three months ended June 30, 2021
23,151
64.2
4,039–
4,579 681.9
3,166 711.1(Note) Comprehensive income
For the three months ended June 30, 2022: ¥975 million[ (59.2) %]For the three months ended June 30, 2021: ¥2,390 million [ (39.5) %]Earnings per share

Diluted earnings per share

Yen65.11
148.54Three months ended June 30, 2022
Three months ended June 30, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
As of June 30, 2022
154,232
As of March 31, 2022
155,459(Reference) Equity
As of June 30, 2022: ¥117,359 million
As of March 31, 2022: ¥118,582 million

Equity ratio

Millions of yen
117,359
118,582

Net assets per share
%
76.1
76.3

Yen
5,569.97
5,562.01

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-endYen––

Yen
60.00

Yen–

Yen
60.00

Yen
120.00Year ending March 31, 2023 (Forecast)
60.00(Note) Revisions to the forecast of cash dividends most recently announced: None–

65.00

125.00Year ended March 31, 2022
Year ending March 31, 2023

1Total3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
86,000(0.9)
8,000 (29.2)
9,000 (25.7)
6,300 (19.2)
295.50(Note) Revisions to the forecasts of consolidated financial results most recently announced: None
*Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) 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:

NoNo
No
No

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

21,981,160 shares As of March 31, 2022

22,731,160 shares

Number of treasury shares at the end of the period
As of June 30, 2022

911,038 shares As of March 31, 2022

1,411,088 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

21,252,184 shares Three months ended June 30, 2021

21,320,197 shares*Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
*Proper use of earnings forecasts, and other special matters(Notice concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. As such, they do not constitute the Company’s guarantee that such results
would be achieved. Actual business and other results may differ substantially due to various factors.
(Explanatory material for financial results)
Explanatory material for financial results is disclosed through TDnet as well as posted on the Company’s website on July 29, 2022.

2

Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims operating
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for recycling
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

3(Millions of yen)
As of June 30, 2022

13,887

14,41423,035

17,386

1,778

1,594

8,799
10,0381,730
19,9801,362(102)80,5108,299
12,144
2,097
23,6382,113(99)
81,58920,173841

20,453835

52,824
1,108
53,93374,948155,459

50,2981,054
51,35372,642
154,232

7,522
2,050
2,398
1,696
2,177
4,880
20,726

9,186
2,140
127
731
2,196
6,791
21,174

1,025

1,034

71

71

634
3,014
11,404
16,15036,876622
2,986
10,982
15,69736,872

As of March 31, 2022
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
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of June 30, 2022

4,425
4,313
82,039(2,664)
88,1144,425
4,313
80,661(2,100)87,30028,801

27,1751,440
22630,467
118,582
155,4592,700
183
30,059117,359
154,232

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
Three months ended
June 30, 2021
June 30, 2022
Net sales
23,151
17,847
Cost of sales
14,261
12,141Gross profit
8,890
5,706
Selling, general and administrative expenses
4,850
4,828
Operating profit
4,039
877
Non-operating income
Interest income
13
Dividend income
474
522
Foreign exchange gains
41–
Other
31
26
Total non-operating income
548
552
Non-operating expenses
Interest expenses
56
Foreign exchange losses
–
164
Other
20
Total non-operating expenses
7171
Ordinary profit
4,579
1,258
Extraordinary income
Gain on sale of investment securities–
835
Total extraordinary income–
835
Extraordinary losses
Loss on sale of investment securities–
5
Total extraordinary losses–
5Profit before income taxes
4,579
2,088
Income taxes - current
1,276
299
Income taxes - deferred
136
405
Total income taxes
1,412
704
Profit3,166
1,383
Profit attributable to owners of parent
3,166
1,383

5

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6

Three months ended
June 30, 2021
3,166

(Millions of yen)Three months ended
June 30, 2022
1,383

(941)
174
(9)
(776)
2,390

(1,625)
1,260
(43)
(408)
975

2,390

975

––