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.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2022
(Based on Japanese GAAP)May 11, 2022
Company name:

Origin Company, Limited

Stock exchange listing: Tokyo
Stock code:

6513

URL

https://www.origin.co.jp/

Representative:

Kazuhiro Seo, President

Contact:
Phone:

Atsushi Akamatsu, Executive Officer and General Manager, Accounting Department+81-48-755-9242

Scheduled date of ordinary general meeting of shareholders:June 29, 2022

Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

June 29, 2022
June 30, 2022

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1) Consolidated operating resultsPercentages 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%
Year ended March 31, 2022
32,347
24.8
2,128
–
2,831
–
2,180
–
Year ended March 31, 2021
25,926
-20.2
-904
–
-518
–
-1,156–
Note: Comprehensive income

Year ended March 31, 2022
Year ended March 31, 2021

¥3,439 million [–%]¥-510 million [–%]

Diluted earnings pershareYen
Yen
351.35–-184.72–Earnings per share
Year ended March 31, 2022
Year ended March 31, 2021

Ratio of ordinary
profit to total assets
%%
9.7
6.5
-5.3
-1.2

Return on equity

Reference: Share of profit (loss) of entities accounted for using equity method Year ended March 31, 2022
Year ended March 31, 2021

Ratio of operating
profit to net sales
%
6.6
-3.5
¥5 million¥-2 million(2) Consolidated financial position
Total assets
As of March 31, 2022
As of March 31, 2021
Reference: Equity

Net assets

Millions of yen
46,12340,893As of March 31, 2022
As of March 31, 2021

Millions of yen26,399
23,565Equity ratio

Net assets per share%
51.7
51.8

Yen
3,844.09
3,414.93¥23,865 million¥21,180 million(3) Consolidated cash flows

Year ended March 31, 2022
Year ended March 31, 2021

Cash flows fromoperating activities
Millions of yen
1,655-488

Cash flows frominvesting activities
Millions of yen
1,756
91

1

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen-1,134
7,755-1,3255,021

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2021
Year ended March 31, 2022
Year ending March 31, 2023
(Forecast)

Total cash
Dividend payout
dividends (Total) ratio (Consolidated)

Total

Ratio of dividends
to net assets(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%%

––

7.00
20.00

––

14.00
45.00

21.00
65.00

131406

–
18.5

0.6
1.8

–

20.00

–

20.00

40.00

62.1

* The year-end dividend per share for the year ended March 31, 2022 is changed from ¥20 to ¥45.
3. Forecasts of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Net sales

Full year

Millions of yen
30,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen-7.3
750 -64.8
1,000 -64.7
400 -81.7
64.45* As the Company manages financial results annually, forecasts of consolidated financial results for the first six months are omitted.
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

6,699,986 shares As of March 31, 2021

6,699,986 shares

491,565 shares As of March 31, 2021

497,652 shares

Number of treasury shares at the end of the period
As of March 31, 2022
Average number of shares during the period
Year ended March 31, 2022

6,206,640 shares Year ended March 31, 2021

6,260,613 shares* Number of treasury shares excluded for calculating the number of treasury shares at the end of the period and average number of shares during
the period include the Company’s shares held by the trust account related to stock remuneration system (BBT=Board Benefit Trust).

2

Reference: Summary of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1)Non-consolidated operating results

Percentages indicate year-on-year changes
Net salesYear ended March 31, 2022
Year ended March 31, 2021

Operating profit

Millions of yen
24,674
19,738

%
25.0
-20.8

Earnings per share

Millions of yen
801-1,756%––Profit

Millions of yen
2,516-422%––

Millions of yen
2,457
-654

%
––

Diluted earnings per shareYen
393.79-103.94

Year ended March 31, 2022
Year ended March 31, 2021

Ordinary profit

Yen––(2)Non-consolidated financial position
Total assets
As of March 31, 2022
As of March 31, 2021
Reference: Equity

Net assets

Millions of yen
35,65331,247
As of March 31, 2022
As of March 31, 2021

Millions of yen
18,36916,042Equity ratio

Net assets per share%
51.5
51.3

Yen
2,942.60
2,572.41¥18,369 million¥16,042 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters(Caution concerning forward-looking statements)
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to theCompany and on certain assumptions deemed to be reasonable and actual results may differ substantially due to various factors.
(Financial results meeting and how to obtain supplementary materials on financial results)
The Company plans to hold the online financial results meeting for analysts and institutional investors on Tuesday, May 24, 2022. The
Company plans to post the supplementary materials on financial results on its website promptly after the meeting is held.

3Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021

As of March 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets

7,287
7,822

9,811––

9,536

Electronically recorded monetary claims - operating
Merchandise and finished goods

1,827
1,639

2,011
1,658

Work in process

2,709

4,285

Raw materials and supplies

1,519

2,309

Other
Allowance for doubtful accounts

1,169
-30

464
-19

Total current assets

23,94330,05812,987

13,196

Accumulated depreciation-9,113-9,541

Buildings and structures, net

3,873

3,654

Machinery, equipment and vehicles
Accumulated depreciation

9,088-7,9609,055-8,091

Non-current assets
Property, plant and equipment
Buildings and structures

1,128963

Land

Machinery, equipment and vehicles, net

4,823

4,748

Construction in progress
Other

1
4,872

20
5,019-4,317-4,497

Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4555

522

10,382

9,908

510

456

4,986
22
150
1,109
-212

5,089
24
214
417
-47

6,056

5,699

16,94916,06540,893

46,123

(Millions of yen)
As of March 31, 2021

As of March 31, 2022Liabilities
Current liabilities
Notes and accounts payable - trade

2,233

3,538

Electronically recorded obligations - operating
Current portion of long-term borrowings

3,265
575

4,108
579

Income taxes payable

95

287

Provision for bonuses
Provision for bonuses for directors (and other officers)

409
1572
16

Unearned revenue

81

82

Provision for loss on relocation

37–Provision for product compensation
Other133
1,391

132
1,944

Total current liabilities

8,223

11,263897

418

Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Retirement benefit liability

21

9

2,493

2,424

Asset retirement obligations
Long-term unearned revenue
Deferred tax liabilities

30
5,502
53

30
5,423
51

106

103

9,104

8,460

17,32819,724

Shareholders' equity
Share capital
Capital surplus

6,103
3,454

6,103
3,454

Retained earnings
Treasury shares

10,382-857

12,350-846

Total shareholders' equity

Other
Total non-current liabilities
Total liabilities
Net assets

19,082

21,061

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

1,805
292

1,875
928

Total accumulated other comprehensive income

2,097

2,803

Non-controlling interests

2,384

2,533

Total net assets

23,56526,39940,893

46,123

Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022

Net sales

25,92632,347

Cost of sales

20,18923,676Gross profit

5,737

8,671

Selling, general and administrative expenses

6,641

6,542

Operating profit (loss)

-904

2,128

93
115

78115

Non-operating income
Interest income
Dividend income
Royalty income

3642

Rental income
Foreign exchange gains

125–

126
315

Share of profit of entities accounted for using equity method

–

5

Other

170

182

Total non-operating income

542

866

14
4

10–

Share of loss of entities accounted for using equity method
Arrangement Fee
Non-deductible consumption tax

2–
–

–
24
24

Rent cost
Other

35
99

3667

Non-operating expenses
Interest expenses
Foreign exchange losses

156

163

Ordinary profit (loss)

Total non-operating expenses

-518

2,831

Extraordinary income
Gain on sale of investment securities
Gain on sale of non-current assets

259
38–
227

Compensation income

33–

Total extraordinary income

330

227

180
122067
205

190–
29–
–

Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Impairment losses
Loss on liquidation of subsidiaries and associates
Provision for loss on relocation
Extra retirement payments
Total extraordinary losses

415

49

Profit (loss) before income taxes

-602

3,009

Income taxes - current
Income taxes - deferred

333
64596
-94

Total income taxes

397

501

Profit (loss)

-999

2,507

Profit attributable to non-controlling interests

157

327

Profit (loss) attributable to owners of parent-1,1562,180

6

Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2021
Profit (loss)

Fiscal year ended
March 31, 2022
-999

2,507

496
-10

68
861

10488

931

-510

3,439-658

2,886

147

552

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
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

7

Consolidated statements of changes in equity
Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

11,711

Total shareholders'

Treasury shares

equity-661

20,608Cumulative effects of–changes in accounting
policies
Restated balance

6,103

3,454

11,711-661

20,608Changes during period
Dividends of surplus
Provision of reserve for
employees' welfare fundProfit attributable to ownersof parent

-171

-171

-1

-1

-1,156-1,156

Purchase of treasury shares
Disposal of treasury shares

-202

-202

66–

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––-1,329-195-1,525

6,103

3,454

10,382-857

19,082

Accumulated other comprehensive income
Valuation differenceon available-for-salesecurities
Balance at beginning of period

1,318

Foreign currencytranslation adjustment
281

Total accumulated
other comprehensive

Non-controllinginterests

Total net assets

income
1,599

2,671

24,879Cumulative effects ofchanges in accounting
policies
Restated balance

–
1,318

281

1,599

2,671

24,879Changes during period
Dividends of surplus-171

Provision of reserve for
employees' welfare fund-1

Profit attributable to owners-1,156of parent
Purchase of treasury shares-202

Disposal of treasury shares

6

Net changes in items otherthan shareholders' equity

486

11497-286

211

Total changes during period486

11497-286-1,313

1,805

292

2,097

2,384

23,565

Balance at end of period8

Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

10,382

Total shareholders'

Treasury shares

equity-857

19,082

Cumulative effects of–changes in accounting
policies
Restated balance

6,103

3,454

10,382-857

19,082

Changes during period
Dividends of surplus
Provision of reserve for
employees' welfare fundProfit attributable to ownersof parent-211-211

-0-0

2,180

2,180

Purchase of treasury shares
Disposal of treasury shares-0-1-1

1111

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

–-0

1,968

10

1,979

6,103

3,454

12,350-846

21,061

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

1,805

Foreign currencytranslation adjustment292

Total accumulated
other comprehensive

Non-controllinginterests

Total net assets

income
2,097

2,384

23,565

Cumulative effects ofchanges in accounting
policies
Restated balance

–
1,805

292

2,097

2,384

23,565

Changes during period
Dividends of surplus-211

Provision of reserve for
employees' welfare fund-0Profit attributable to owners

2,180

of parent
Purchase of treasury shares-1

Disposal of treasury shares

11

Net changes in items otherthan shareholders' equity

70

635

706

149

855

Total changes during period

70635

706

149

2,834

1,875

928

2,803

2,53326,399

Balance at end of period

9Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Cash flows from operating activities
Profit (loss) before income taxes

-602

3,009

Depreciation
Impairment losses

1,162
122

1,018
–

Increase (decrease) in allowance for doubtful accounts

9-12Interest and dividend income
Interest expenses-209
14-19410Extra retirement payments

205–

Foreign exchange losses (gains)-33-219

Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability-137-514

158-69Loss on liquidation of subsidiaries and associates

02967-18–-207

2-5

Decrease (increase) in trade receivables
Decrease (increase) in inventories

313
796

-1,271-2,231

Increase (decrease) in trade payables
Increase (decrease) in long-term unearned revenue
Other, net

-681
-78
-619

2,082-78-84

Subtotal-200

1,934Interest and dividends received

217

192

Interest paid
Extra retirement payments-14-205-10–

Income taxes paid

-285

-461

Net cash provided by (used in) operating activities-488

1,655-141-463
-12
148
-50
468
–
143

1,451-477
-16
331
-23–
375
116

91

1,756

Provision for loss on relocation
Loss (gain) on sale and retirement of non-current assets
Share of loss (profit) of entities accounted for using equity
methodCash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Payments for retirement of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Proceeds from liquidation of subsidiaries and associates
Other, net
Net cash provided by (used in) investing activities

10(Millions of yen)
Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Cash flows from financing activities
Proceeds from long-term borrowings

100

100

Repayments of long-term borrowings
Repayments of lease liabilities-575-44-575-50Proceeds from sale of treasury shares

20

Purchase of treasury shares
Dividends paid

-202
-171

-0
-211

Dividends paid to non-controlling interests

-433

-396

-1,325-1,13432456

Net increase (decrease) in cash and cash equivalents-1,6892,733

Cash and cash equivalents at beginning of period

6,711

5,021

Cash and cash equivalents at end of period

5,021

7,755

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

11