Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Non-consolidated Financial Results
for the Nine Months Ended December 31, 2020
[Japanese GAAP]
February 05, 2021
Company name: Meiho Facility Works Ltd.
Stock exchange listing: Tokyo
Code number: 1717
URL: https://www.meiho.co.jp/
Representative: Yoshi Onuki

President and Representative Director
Executive Director General Manager of Corporate Planning
DivisionContact: Kazuo Oshima

Phone: 03-5211-0066
Scheduled date of filing quarterly securities report: February 08, 2021
Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Non-consolidated Financial Results for the Nine Months Ended December 31, 2020 (April 01, 2020 to December 31, 2020)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Nine months ended
December 31, 2020
December 31, 2019

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

2,897
3,164(8.4)(21.9)

525563(6.7)
28.0525567

(7.3)
27.4

354
407

(13.0)
24.8

Basic earnings
per share
Nine months ended
December 31, 2020
December 31, 2019

Diluted earnings pershare
Yen

Yen

29.47
33.81

28.95
33.17

(2) Non-consolidated Financial Position
Total assets
Million yen
As ofDecember 31, 2020
4,810
March 31, 2020
5,519
(Reference) Equity: As of December 31, 2020:
As of March 31, 2020:

Net assets

Capital adequacy ratio

Million yen¥
¥

3,686
4,127
3,621 million
4,055 million

%

75.3
73.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Fiscal year ended March 31, 2020

0.00

Fiscal year ending March 31, 2021

0.00

Fiscal year ending March 31, 2021
(Forecast)Year-end

Total

Yen

Yen

21.50

21.50

16.50

16.50

(Note) Revision to the forecast for dividends announced most recently:
Yes(Note) Breakdown of the tear-end dividend for the fiscal year ended March 31,2020: Common dividend 16.50 yen
Commemorative dividend for listing on the first section of theTokyo Stock Exchange 5.00 yen

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021(April 01, 2020 to March 31, 2021)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share%

Million yen%

Million yen%

Yen

3,945(9.4)
700 (22.5)
Full year(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen700(22.8)

474(25.9)

39.77

Yes

* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:Yes(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2020:
12,775,900 shares
March 31, 2020:
12,775,900 shares2) Total number of treasury shares at the end of the period:
December 31, 2020:
1,446,603 shares
March 31, 2020:
631,970 shares
3) Average number of shares during the period:
Nine months ended December 31, 2020:
Nine months ended December 31, 2019:12,032,589 shares
12,053,663 shares

Meiho Facility Works Ltd.(1717)
Non-consolidated Financial Results
for the Nine Months Ended December 31, 2020
[Japanese GAAP]

Quarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousand yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts
Costs on construction contracts in progress
Other
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable for construction contracts
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term accounts payable - other
Provision for retirement benefits
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Share acquisition rights
Total net assets
Total liabilities and net assets

As of December 31, 2020

1,834,097

1,243,041

2,892,809

2,687,997

9,536
72,7634,809,206

18,043
66,2494,015,332

65,244
17,144
628,000
710,389
5,519,596

108,302
13,622
673,664
795,590
4,810,922

32,052
149,573355,728
270,732
808,086

2,827
46,047
158,501
6,851
283,853
498,081

199,841
384,625
584,466
1,392,553

199,841
426,759
626,601
1,124,682

543,404
507,358
3,090,737(85,776)
4,055,723
71,3194,127,042
5,519,596

543,404
548,978
3,184,296(655,110)
3,621,569
64,6703,686,239
4,810,922

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the nine months)

Meiho Facility Works Ltd.(1717)
Non-consolidated Financial Results
for the Nine Months Ended December 31, 2020
[Japanese GAAP](Thousand yen)

For the nine months
ended December 31, 2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Gain on forfeiture of unclaimed dividends
Gain on reversal of subscription rights to shares
Insurance return
Other
Total non-operating income
Non-operating expenses
Commission for purchase of treasury shares
Total non-operating expenses
Ordinary profit
Extraordinary losses
Cost of integration of offices
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitFor the nine months ended
December 31, 2020

3,164,831
1,554,542
1,610,288
1,047,272
563,015

2,897,548
1,370,451
1,527,096
1,001,861
525,234

36
593
981
1,542
851
4,006

1358
651
688
1,700

567,021

1,035
1,035
525,899

567,021
159,468
407,553

14,68914,689511,210
156,556
354,653