Note: This document has been translated from a part of 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.

August 9, 2022

Consolidated Financial Results
for the Three Months Ended June 30, 2022
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:
Telephone:

Furukawa Co., Ltd.
Tokyo Stock Exchange5715
https://www.furukawakk.co.jp
Minoru Nakatogawa, President and Representative Director
Akira Mikage, General Manager, Accounting Department+81-3-6636-9502

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 briefing:

August 12, 2022
–NoneNone(Yen amounts are rounded down to millions, unless otherwise noted.)

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.)
Net sales
Three months ended

Millions of yen

June 30, 2022
June 30, 2021

% Millions of yen

52,61145,613

Note: Comprehensive income

15.3
29.4

June 30, 2022
June 30, 2021

2,192
2,187

Profit attributable toowners of parent

Ordinary profit% Millions of yen

0.3
176.4

3,459
2,664

% Millions of yen
29.8
108.1

For the three months ended June 30, 2022:¥

1,387million[(36.6)%]

For the three months ended June 30, 2021:¥2,189million[(69.8)%]

Basic earnings
per share
Three months ended

Operating profit

Diluted earnings
per share

Yen

Yen

60.56
37.75––2,351
1,475%
59.4
77.9

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

249,416
229,727

99,495100,075

38.7
42.3

June 30, 2022
March 31, 2022
Reference: Equity
As of June 30, 2022:
As of March 31, 2022:¥¥

96,598million
97,253million

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Yen
YenYenFiscal year ended–
0.00–
March 31, 2022
Fiscal year ending–March 31, 2023
Fiscal year ending
March 31, 2023
0.00–(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: NoneTotalYenYen

50.00

50.00

50.00

50.00

3. Forecast of consolidated financial results 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 ofyen%

Yen104,200

6.5

3,300(5.3)

4,500

10.0

2,800

21.2

72.12

209,500

5.2

7,000(9.5)

6,900(23.3)

4,700(27.4)

121.06

Note: Revisions to the forecast of financial results most recently announced: Yes

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

40,445,568shares

As of March 31, 2022

40,445,568shares(ii) Number of treasury shares at the end of the period
As of June 30, 2022

1,621,961shares

As of March 31, 2022

1,621,936shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Three months ended June 30, 2022

38,823,615shares

Three months ended June 30, 2021

39,075,641shares* 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
Caution Concerning Forward-looking Statements
The forward-looking statements, including earnings outlook, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable by theCompany. The Company makes no warranty as to the achievability of the projections. Actual business andother results may differ substantially from the statements herein due to a number of factors.

Furukawa Co., Ltd. (5715)

Attached MaterialIndex
1. Consolidated Financial Statements and Significant Notes Thereto .......................................................... 2(1) Consolidated balance sheet ................................................................................................................ 2(2) Consolidated statement of income and consolidated statement of comprehensive income ............... 4Consolidated statement of income...................................................................................................... 4Consolidated statement of comprehensive income ............................................................................ 5
Supplementary Material on Financial Results for the Three Months Ended June 30, 2022 ........................... 6-1-

Furukawa Co., Ltd. (5715)

1. Consolidated Financial Statements and Significant Notes Thereto(1) Consolidated balance sheet(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise 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, netLand
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-2-

As of June 30, 2022

14,46917,80628,34429,19817,205
10,813
20,8184,635(48)
96,23819,59912,06835,0703,368(50)
117,061

24,051
54,17012,754
90,976376

23,72554,196
12,50090,422353

35,8606,997(720)
42,136
133,489229,727

34,845
7,514(780)
41,579132,354249,416

Furukawa Co., Ltd. (5715)(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provisions
Retirement benefit liability
Asset retirement obligations
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-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-3-

As of June 30, 2022

15,916
9,381
13,504
1,49114219,423
59,85918,898
9,055
24,240845
159
29,011
82,211

52,16675
2,543
239
14,76869,793
129,652

51,05875
2,269
225
14,07967,708
149,920

28,2082
54,557(2,197)80,57028,2082
54,967(2,197)80,98011,832
(292)
2,602
35
2,506
16,6832,821
100,075
229,727

11,085(1,343)
2,602
802
2,471
15,6182,896
99,495
249,416

Furukawa Co., Ltd. (5715)(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income(Millions of yen)Three months ended
June 30, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Administrative expenses of inactive mountain
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Loss on sale and retirement of non-current assets
Demolition expenses of a rental building
OtherTotal 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-4-

Three months ended
June 30, 2022

45,613
39,103
6,510
4,322
2,187

52,61145,785
6,826
4,633
2,192

380
–
577
957

424
1,047
181
1,652

109
199
100
71
480
2,664

118
187
–
80
386
3,459

26
21
47

51
455

176
16
267
0
459
2,252
557
153
711
1,540
65
1,475

–
68
47
8
1243,389891
97988
2,401
492,351

Furukawa Co., Ltd. (5715)

Consolidated statement of comprehensive income(Millions of yen)Three months ended
June 30, 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
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 of parent
Comprehensive income attributable to non-controllinginterests-5-Three months ended
June 30, 2022

1,540

2,401510(443)535
48(746)(1,039)
641
(35)

(1)

166

649
2,189

(1,013)
1,387

2,096

1,286

93

101

Furukawa Co., Ltd. (5715)

Assumptions
Three months
ended June 30,2022
Copper priceExchange rateYear-on-yearchangeThree months ended June 30, 2022 (actual)$/mt

9,526(185)

July 2022 onward (forecast)

$/mt

7,500

(2,184)

Forecast

$/mt

8,007

(1,684)Three months ended June 30, 2022 (actual)Yen/$

129.6

20.1

July 2022 onward (forecast)

Yen/$

130.0

16.7

Forecast

Yen/$

129.9

17.5

Supplementary Material on Financial Results
for the Three Months Ended June 30, 2022
August 9, 2022
Furukawa Co., Ltd.
Net sales(Yen amounts are rounded down to millions.)Three months Three months
Year-on-year
ended June
ended Junechange
30, 2021
30, 2022
Machinery business

Fiscal year ending March 31, 2023
Six month Year-onYear-onForecast
forecast year change
year change

17,971

18,177206

40,4001,749

84,1007,161

Industrial Machinery segment

3,690

3,640(49)7,800(832)20,2002,476Rock Drill Machinery segment
UNIC Machinery segment

7,203
7,077

7,619
6,917

415(159)

18,20014,4002,787(206)35,50028,4004,589
94

26,95033,047

6,097

61,150

3,393

120,500

2,336

Metals segment
Electronics segment

23,311
1,794

28,832
1,867

5,520
72

52,800
3,750

2,464
165

105,200
7,300

2,204
28

Materials business

Chemicals segment

1,843

2,348

504

4,600

763

8,000

103

Real Estate segment

523

531

71,050132,000(115)

Others segment

167

854

686

1,600

1,239

2,900

1,02045,613

52,611

6,998

104,200

6,395

209,500

10,402

Total

Operating profit
Three months Three months
Year-on-year
ended June
ended Junechange
30, 2021
30, 2022
Machinery businessIndustrial Machinery segment
Rock Drill Machinery segment
UNIC Machinery segment

Fiscal year ending March 31, 2023
Six month Year-onYear-onForecast
forecast year change
year change

902

940

38

2,400

306

5,300

620

56
101

75
431

19330

300
1,100(37)
695

1,800
2,000

403
882

744

433(311)1,000(351)

1,500(665)Materials business

1,125

1,064(60)600(491)

1,200(1,149)

Metals segment

768612(155)0(452)

0(940)

Electronics segment
Chemicals segment139218

208
243

69
25300
300

71(110)600
600(66)
(143)

191

202

10350(11)600(143)

Real Estate segment
Others segment(19)423(10)20(30)(47)(Subtotal)

2,199

2,211

12

3,340(176)

7,070(719)

Eliminations/corporate

(12)

(18)

(6)

(40)

(7)

(70)

(15)

2,187

2,192

5

3,300(183)7,000(734)

Total-6-Furukawa Co., Ltd. (5715)* Reference Information (the below values are reference values)
1. Industrial Machinery segment order balance
The Industrial Machinery segment mainly provides built-to-order manufacturing, and the order balance
as of the end of the first quarter is as follows.
As ofJune 30, 2021
Order backlog

As ofJune 30, 2022

¥10.2 billion¥12.2 billion

Year-on-year change¥1.9 billion

2. Profit or loss from metal price fluctuations in the Metals segment
Three months ended Three months ended
Year-on-year change
June 30, 2021
June 30, 2022
Operating profit¥0.76 billion¥0.61 billion¥(0.15) billion

Of which was due to pricefluctuations¥0.88 billion¥0.63 billion¥(0.25) billion[¥0.79 billion][¥0.05 billion][¥0.24 billion][¥0.37 billion][¥(0.55) billion][¥0.31 billion]

CopperGold-7-