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 Six Months Ended September 30, 2021
(Based on Japanese GAAP)
November 9, 2021
Company name:
Origin Company, Limited
Stock exchange listing: Tokyo
Stock code:6513
URL https://www.origin.co.jp/Representative:
Kazuhiro Seo, President
Contact:
Atsushi Akamatsu, Executive Officer and General Manager, Accounting Department
Phone:+81-48-755-9242
Scheduled date to file Quarterly Securities Report:
November 12, 2021
Scheduled date to commence dividend payments:
December 3, 2021
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)(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%
Six months ended September 30, 2021
15,118
31.4
668
–
883
–
445
–
Six months ended September 30, 2020
11,505 -32.0-1,052–-911–-1,493–
Note: Comprehensive income

Six months ended September 30, 2021
Six months ended September 30, 2020

¥1,454 million [–%]¥-1,564 million [–%]

Earnings per share

Diluted earnings per shareYen
71.76-237.03

Six months ended September 30, 2021
Six months ended September 30, 2020

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2021
As of March 31, 2021
Reference: Equity

Net assets

Millions of yen
42,21940,893As of September 30, 2021
As of March 31, 2021

Equity ratio

Millions of yen
24,542
23,565

%
52.7
51.8

¥22,261 million¥21,180 million

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
7.00
20.00

Yen–

Yen
14.00

Yen
21.00

–

20.00

40.00

Year ending March 31, 2022 (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, 2022 (from April 1, 2021 to March 31, 2022)

Net sales

Full year

Millions of yen
31,500Percentages 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
21.5
800–
1,100–600–
96.74

Note: Revisions to the financial result forecasts most recently announced: No
4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2021
(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:

Yes

Changes in accounting policies due to other reasons:No

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021

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

6,699,986 shares

491,224 shares As of March 31, 2021

497,652 shares

Number of treasury shares at the end of the period
As of September 30, 2021

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021

6,205,048 shares Six months ended September 30, 2020

6,299,341 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 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.
(1st Half financial results meeting and how to obtain supplementary materials on quarterly financial results)
The Company plans to hold the online 1st Half financial results presentation for analysts and institutional investors on Wednesday, November
24, 2021. The Company plans to post the supplementary materials on financial results on its website promptly after the presentation is held.

2Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021

As of September 30, 2021

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

7,287
7,822

7,826––7,586

Electronically recorded monetary claims - operatingMerchandise and finished goods

1,827
1,639

2,112
1,620

Work in process

2,709

2,862

Raw materials and supplies

1,519

1,824

Other
Allowance for doubtful accounts

1,169
-30

1,799
-18

Total current assets

23,94325,614

3,873

3,786

1,128
4,823

1,042
4,823

1555

1514

10,382

10,168510

472

Investment securities
Long-term loans receivable

4,986
22

5,457
22

Deferred tax assets
Other
Allowance for doubtful accounts

150
1,109
-212

59
477
-53

Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets

Total investments and other assets
Total non-current assets
Total assets

3

6,056

5,963

16,94916,60540,89342,219(Millions of yen)
As of March 31, 2021

As of September 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade

2,233

2,441

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

3,265
575

3,295567

Income taxes payable95179

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

409
1541
–

Unearned revenue

8181

Provision for loss on relocation

37–

Provision for product compensation
Other

133
1,391

133
1,724

Total current liabilities

8,223

8,963

897

617

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

21

9

2,493

2,436

Asset retirement obligations
Long-term unearned revenue
Deferred tax liabilities

30
5,502
53

30
5,462
63

106

93

9,104

8,713

17,32817,677

Shareholders' equity
Share capital
Capital surplus

6,103
3,454

6,103
3,454

Retained earnings
Treasury shares

10,382-857

10,740-846

Total shareholders' equity

Other
Total non-current liabilities
Total liabilities
Net assets

19,082

19,451

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

1,805
292

2,129
680

Total accumulated other comprehensive income

2,097

2,809

Non-controlling interests

2,384

2,280

Total net assets

23,56524,54240,89342,219Total 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)Six months ended

Six months ended

September 30, 2020

September 30, 2021

Net sales
Cost of sales

11,505
9,296

15,118
11,274Gross profit

2,208

3,843

Selling, general and administrative expenses

3,260

3,175

Operating profit (loss)-1,052668

Non-operating income
Interest income

38

25

Dividend income

58

59

Rental income
Foreign exchange gains

62–6328Share of profit of entities accounted for using equity method

–0

Other

100150Total non-operating income

260

327

7315–

10–70–
2481

Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method
Arrangement Fee
Other
Total non-operating expenses

119112-911

883

11

Compensation income

33–

Total extraordinary income

34

1

10–
55
64
197

11029–––

Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets

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

318

41

Profit (loss) before income taxes-1,196

843

190
80292
-42

Income taxes - current
Income taxes - deferred
Total income taxes

271

250

-1,467

593

Profit attributable to non-controlling interests

25148

Profit (loss) attributable to owners of parent-1,493445

Profit (loss)

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2020
Profit (loss)

Six months ended
September 30, 2021

-1,467593

177-274

325
531-0

3-97

860

-1,564

1,454-1,504

1,157-60

296

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-controllinginterests6