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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 9, 2024
Company name:
Origin Company, Limited
Stock exchange listing: Tokyo
Stock code:

6513

Representative:
Contact:

Hideki Inaba, President CEO
Atsushi Akamatsu, Senior Executive Officer, CFO and General Manager, Accounting Department

URL

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

Phone:+81-48-755-9242

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

February 14, 2024–

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)

Nine months ended December 31, 2023Nine months ended December 31, 2022

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%
21,044 -16.2
-564
–-120
–-624
–
25,122
15.1
605 -22.7
1,369
16.2
645 -12.5

Note: Comprehensive income Nine months ended December 31, 2023

¥907 million [-54.1%]

Nine months ended December 31, 2022

¥1,977 million [10.1%]

Earnings per share

Diluted earnings per share

Yen-107.59
106.58Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2023
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
47,70844,130

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
26,71926,653

%
51.0
55.0

¥24,351 million¥24,265 million

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-endYen––Yen
20.00
15.00

Yen––

Yen
20.00

Yen
40.00

15.00

30.00

Year ending March 31, 2024 (Forecast)
Note: Revisions to the forecasts of cash dividends most recently announced: No1Total

3. Forecasts of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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 year29,000-9.5-700–
-150–
-850–
-146.33
Note: Revisions to the financial result forecasts most recently announced: No
4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
No
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:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

6,699,986 shares As of March 31, 2023

6,699,986 shares

1,042,115 shares As of March 31, 2023

790,706 shares

Number of treasury shares at the end of the period
As of December 31, 2023

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

5,800,429 shares Nine months ended December 31, 2022

6,055,241 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).
* Quarterly financial results reports are exempt from quarterly review procedures conducted by certified public accountants or an auditcorporation.
* 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.

2

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

9,356
7,470

10,077
7,040

Electronically recorded monetary claims - operating

2,259

3,475

Merchandise and finished goods
Work in process

1,795
3,701

1,880
4,268

Raw materials and supplies

2,616

2,750

Other

354

428

Allowance for doubtful accounts-9-12

27,54329,908

Buildings and structures, netMachinery, equipment and vehicles, net

3,559
994

3,494
978

Land
Construction in progress

4,748
59

4,748
116

547

544

9,908

9,881

419

410

5,765

6,962

Long-term loans receivable
Deferred tax assets

2748

28
41

Other
Allowance for doubtful accounts

464-47521-47

Total investments and other assets

6,258

7,508

16,586

17,79944,13047,708

Total current assets
Non-current assets
Property, plant and equipment

Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of December 31, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

2,254

2,163

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

3,584
303

4,423
576

Income taxes payable

271

132

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

558
13

255
3

Unearned revenue

81

81

Provision for product compensation

107

107

Provision for environmental measures
Provision for demolition of non-current assets

52
834–

Other

1,888

2,893

Total current liabilities

9,123

10,672

Non-current liabilities
Long-term borrowings

164

1,985

13

18

2,398
30
5,345

2,372
30
5,286

315
85

578
43

8,353

10,316

Total liabilities

17,477

20,988

Net assets
Shareholders' equity
Share capital

6,103

6,103

Capital surplus
Retained earnings
Treasury shares

3,454
12,312-1,236

3,454
11,482-1,549Total shareholders' equity

20,634

19,491

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

2,344
1,286

3,195
1,664

Total accumulated other comprehensive income

Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Asset retirement obligations
Long-term unearned revenue
Deferred tax liabilities
Other
Total non-current liabilities

3,630

4,860

Non-controlling interests

2,387

2,368

Total net assets

26,653

26,71944,13047,708

Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Cost of sales

25,122
19,25721,044
16,171Gross profit

5,864

4,872

Selling, general and administrative expenses

5,259

5,437

Operating profit (loss)

605-564

Non-operating income
Interest income

4434

Dividend income

126

178

Rental income
Foreign exchange gains

94
464

94
138

Share of profit of entities accounted for using equity method

5–

Other

144

149

Total non-operating income

879

595

4–

723–
28
82

48
865

Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Arrangement Fee
Rent cost
Other
Total non-operating expenses

115

151

1,369-120

Extraordinary income
Gain on sale of non-current assets

62

Total extraordinary income

62

Ordinary profit (loss)

Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Provision for demolition of non-current assets
Provision for environmental measures
Extra retirement payments

0033
566
––

17––
28
50

Total extraordinary losses

105

97

Profit (loss) before income taxes

1,270-215

Income taxes - current
Income taxes - deferred

429
46358
-94

Total income taxes

475

263

Profit (loss)

795-479

Profit attributable to non-controlling interests

149

144

Profit (loss) attributable to owners of parent

645-6245

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2022
Profit (loss)

Nine months ended
December 31, 2023
795

-479

194
985

838
533

315

1,182

1,387

1,977

907

1,548

605

429

302

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 incomeComprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6