Rheon Automatic Machinery co.,ltd.

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.

Consolidated Financial Results
for the Year Ended March 31, 2022
[Japanese GAAP]May 12, 2022
Company name: RHEON AUTOMATIC MACHINERY CO., LTD.
Stock exchange listing: Tokyo
Code number: 6272
URL: https://www.rheon.com
Representative: Mikio Kobayashi
President & C.E.O.
Contact: Tadao Fukuda
Managing Operating Officer
Phone: 028-665-1111
Scheduled date of Annual General Meeting of Shareholders: June 28, 2022
Scheduled date of commencing dividend payments: June 29, 2022
Scheduled date of filing annual securities report: June 30, 2022
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Fiscal year ended
March 31, 2022
26,58519.3
1,099(21.7)
1,468
(9.5)
1,486
(7.6)
March 31, 2021
22,280(17.2)
1,404(51.4)
1,622(44.7)
1,608(18.4)(Note) Comprehensive income:Fiscal year ended March 31, 2022:¥
2,217 million [(2.2) %]
Fiscal year ended March 31, 2021:¥
2,266 million [32.7%]
Basic earnings per Diluted earnings per Rate of return on
share
share
equityOrdinary profit tototal assets ratio

Yen
Yen
%
Fiscal year ended
March 31, 2022
55.47
55.34
5.4
March 31, 2021
60.03
59.90
6.3
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2022:
Fiscal year ended March 31, 2021:

Operating profit to
net sales ratio

%

%

4.1
4.9
¥
¥

4.1
6.3
- million- million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Net assets

Million yen

36,651
34,124As of March 31, 2022:
As of March 31, 2021:

Capital adequacy ratio

Million yen¥¥

28,377
26,63228,303 million
26,560 million

Net assets per share

%

Yen

77.2
77.8

1,055.92
991.12(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

3,648
2,715

(748)
(573)

(565)
380

10,0007,484

Rheon Automatic Machinery co.,ltd.

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total

Payoutratio

Total
dividends(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%

March 31, 2021

-

7.00

-

10.00

17.00

455

28.3

1.8

March 31, 2022

-

8.00

-

8.00

16.00

428

28.8

1.6

-

12.00

-

12.00

24.00

Fiscal year ending
March 31, 2023

29.4

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2022 :3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings per
Net sales
Operating profit
Ordinary profit
owners of parent
shareMillion yen

Six months ended
September 30, 2022
Full year%

Yen

14,800

16.6% Million yen

870

11.2

% Million yen

900

8.3

% Million yen

840

8.0

31.34

31,420

18.2

2,540

131.0

2,550

73.7

2,190

47.3

81.70

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
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):
March 31, 2022:
28,392,000 shares
March 31, 2021:
28,392,000 shares2) Total number of treasury shares at the end of the period:
March 31, 2022:
1,587,157 shares
March 31, 2021:
1,593,686 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2022:
Fiscal Year ended March 31, 2021:

26,802,852 shares
26,798,482 shares

Rheon Automatic Machinery co.,ltd.

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2022
March 31, 2021

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

15,607
14,023

11.3(23.6)

1,210
786

54.0
(63.7)

1,962
1,334

47.0
(43.4)

1,853
1,684

10.0
4.5

Basic earnings per share Diluted earnings per share
Fiscal year ended
March 31, 2022
March 31, 2021

Yen

Yen

69.14
62.87

68.98
62.73

(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Net assets

Million yen

29,31727,500
As of March 31, 2022:
As of March 31, 2021:

Capital adequacy ratio

Million yen¥¥

23,532
22,14723,458 million
22,075 million

Net assets per share

%

Yen

80.0
80.3

875.17823.77

Rheon Automatic Machinery co.,ltd.

Consolidated Financial Statements
Consolidated Balance Sheets(Thousand yen)
As of March 31,2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise 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
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of March 31,2022

7,484,219
2,690,355
4,170,084
975,989
328,369
1,326,759(14,548)
16,961,228

10,000,186
2,330,771
4,474,788
1,675,657
431,829
903,724(24,604)
19,792,353

15,017,115(7,737,700)
7,279,414
7,931,499(6,380,314)
1,551,185
1,924,816(1,728,089)
196,726
4,093,968
45,286(42,045)
3,241
35,05813,159,594
1,463,960

15,340,529(8,077,671)
7,262,857
8,516,409(7,112,203)
1,404,205
1,964,886(1,819,455)
145,4313,908,191
45,286(44,203)
1,082
241,252
12,963,021
1,237,879

976,863
1,407,227
161,992(6,036)2,540,046
17,163,601
34,124,830

975,683
1,454,691
233,886(5,581)
2,658,680
16,859,580
36,651,934

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
As of March 31,2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease liabilities
Accrued expenses
Income taxes payable
Advances received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Accounts payable - other
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
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-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

As of March 31,2022

740,599
734,006
2,334
587,624
231,165
1,205,429
485,486

1,143,424
703,678583
594,887
422,950
1,936,308
600,348

11,6002,500

959,295
121,154
5,078,696

643,548
226,682
6,274,914

1,406,934
1,154
573,083
347,422
36,24048,7052,413,540
7,492,237

1,362,927
571
204,669
347,00936,26648,0781,999,523
8,274,437

7,351,750
7,069,407
14,591,084(773,996)
28,238,245

7,351,750
7,075,427
15,579,255(771,143)
29,235,289

345,996

349,537(1,708,996)(466,919)
151,997(1,677,921)
72,26826,632,592
34,124,830(1,692,816)
245,826
166,023(931,429)
73,63628,377,496
36,651,934

Rheon Automatic Machinery co.,ltd.

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Thousand yen)
For the fiscal year
ended March 31,2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Packing and transportation costs
Provision of allowance for doubtful accounts
Sales commission
Salaries and allowances
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit expenses
Travel and transportation expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on sale of goods
Foreign exchange gains
Subsidy income
Surrender value of insurance policies
Sold power
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sold power expenses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Reversal of provision for loss on litigation
Insurance claim income
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on valuation of investment securities
Head office relocation expenses
Special investgation expencses
Total extraordinary losses
Profit before income taxes

For the fiscal year
ended March 31,2022

22,280,945
12,359,219
9,921,725

26,585,005
15,783,795
10,801,210

87,851
826,9636,981
445,436
3,017,930
273,294
11,600176,038
256,959
502,491
545,1902,366,897
8,517,635
1,404,090

133,726
1,620,994
11,044590,099
3,147,559
339,3392,500
152,213323,731539,459535,275
2,305,840
9,701,784
1,099,426

3,644
20,565
10,83242,027
58,1291,965
23,96399,358260,486

6,281
19,884
21,434
86,137
102,400
7,090
22,937
142,349
408,515

16,05011,99230
11,2862,724
42,083
1,622,493

14,125
9,911
7,321
5,293
2,999
39,651
1,468,289

684,706
19,010703,71750,40950,409228,577
28,231
79,618336,427
1,989,782

80,25880,2581,438,440

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
For the fiscal year
ended March 31,2021
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

190,978
190,172
381,150
1,608,632
1,608,632

For the fiscal year
ended March 31,2022
403,984(452,316)(48,332)
1,486,773
1,486,773

Rheon Automatic Machinery co.,ltd.

Consolidated Statements of Comprehensive Income(Thousand yen)
For the fiscal year
ended March 31,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent

For the fiscal year
ended March 31,2022

1,608,632

1,486,773

177,238
281,186
199,551
657,975
2,266,607

3,541
712,745
14,025730,3122,217,085

2,266,607

2,217,085

Rheon Automatic Machinery co.,ltd.

Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31,2021(Thousand yen)
Shareholders' equity
Share capital Capital surplus
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period

7,351,750

7,069,407

Retainedearnings

TreasurysharesTotalshareholders'equity17,272,996(773,557)

30,920,595(93,326)
7,351,750

7,069,407

17,179,670(93,326)(773,557)

30,827,269(375,180)(375,180)

1,608,632

1,608,632
(438)

(438)
-

(3,822,037)(3,822,037)---(2,588,585)(438)(2,589,024)

7,351,750

7,069,407

14,591,084(773,996)

28,238,245

Accumulated other comprehensive income
Valuation
Revaluationdifference on
reserve foravailable-for-salelandsecurities
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period

168,757(5,531,033)

Foreigncurrencytranslation
adjustment(748,105)

Total
Share
Remeasurements accumulated acquisitionof definedotherrightsbenefit plans comprehensive
income(47,553)(6,157,934)

Total net
assets55,337

24,817,998(93,326)

168,757(5,531,033)(748,105)(47,553)(6,157,934)

55,337

24,724,672(375,180)
1,608,632(438)
3,822,037

3,822,037

16,931

16,931

177,238-

281,186

199,551

657,975-

657,975

177,238

3,822,037

281,186

199,551

4,480,012

16,931

1,907,919

Rheon Automatic Machinery co.,ltd.
Balance at end of
period345,996(1,708,996)(466,919)

151,997(1,677,921)

72,26826,632,592

Rheon Automatic Machinery co.,ltd.

For the fiscal year ended March 31,2022(Thousand yen)
Shareholders' equity
Share capital Capital surplus
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period

7,351,750

7,069,407

Retainedearnings

TreasurysharesTotalshareholders'equity14,591,084(773,996)

28,238,245-

7,351,750

7,069,407

14,591,084(773,996)

28,238,245(482,422)(482,422)

1,486,773

1,486,773

6,020

(498)

(498)

3,351

9,371

(16,179)(16,179)
-

-

6,020

988,171

2,853

997,044

7,351,750

7,075,427

15,579,255(771,143)

29,235,289

Accumulated other comprehensive income
Valuation
Revaluationdifference on
reserve foravailable-for-salelandsecurities
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period345,996(1,708,996)

Foreigncurrencytranslation
adjustment(466,919)

Total
Share
Remeasurements accumulated acquisitionof definedotherrightsbenefit plans comprehensive
income151,997(1,677,921)

Total net
assets72,26826,632,592-

345,996(1,708,996)(466,919)

151,997(1,677,921)

72,26826,632,592(482,422)
1,486,773(498)(9,364)
16,17916,1796-

10,732

10,732

3,541-

712,745

14,025730,312-730,312

3,541

16,179712,745

14,025746,491

1,367

1,744,903

349,537(1,692,816)

245,826

166,023(931,429)

73,63628,377,496

Rheon Automatic Machinery co.,ltd.

Consolidated Statements of Cash Flows(Thousand yen)
For the fiscal year
ended March 31,2021
Cash flows from operating activities
Profit before income taxes
Share-based payment expenses
Depreciation
Impairment losses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for loss on litigation
Interest and dividend income
Surrender value of insurance policies
Interest expenses
Loss on retirement of property, plant and equipment
Loss (gain) on sale and retirement of property, plantand equipment
Loss (gain) on valuation of investment securities
Decrease (increase) in retirement benefit asset
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in other current assets
Increase (decrease) in accrued expenses
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities

For the fiscal year
ended March 31,2022

1,989,782
16,931
1,112,272
228,577(7,092)(145,878)

1,438,440
10,732
1,124,779
7,288
114,501(10,100)(9,100)(19,010)(24,210)(1,965)
16,05011,286(26,165)(7,090)14,1255,293(686,958)(24,209)28,231
6,208
101,213455,850(27,298)436,295(905,333)

109,860(76,164)(199,970)
159,384(152,152)(5,897)(98,707)(2,069)502,174
3,383,809
24,210(16,670)(675,900)
197
2,715,645

112,033(5,088)323,247
125,505
884,150(624)(34,769)
3,480,549
26,165(14,924)(372,678)
529,5643,648,677

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
For the fiscal year
ended March 31,2021
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Purchase of insurance funds
Proceeds from cancellation of insurance funds
Payments for asset retirement obligations
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

For the fiscal year
ended March 31,2022(1,374,017)
1,262,845(400,949)(7,776)(4,332)
1,965(35,185)(16,048)(573,497)(1,014,586)
285,993(13,657)(7,669)(6,299)8,861(935)(748,293)(68,180)
1,200,000(367,754)(6,972)(438)(376,537)
380,116(108,180)
350,000(321,494)(2,352)(498)(483,144)(565,670)

141,291

181,251

2,663,556
4,820,663
7,484,219

2,515,966
7,484,219
10,000,186

Rheon Automatic Machinery co.,ltd.

Non-consolidated Financial Statements
Non-consolidated Balance Sheets(Thousand yen)
As of March 31,2021
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Merchandise
Finished goods
Semi-finished goods
Raw materials
Work in process
Supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Property, plant and equipment
Intangible assets
Software
Software in progress
Other
Intangible assets

As of March 31,2022

4,595,825
70,255
2,677,684
69,502
1,172,431
1,419,756
100,774
956,280
34,325
125,423
629,195(1,420)11,850,033

7,453,044
57,755
1,972,516
83,067
1,213,486
1,568,133
67,667
1,627,896
34,680186,099
102,778(744)
14,366,381

8,984,863(4,646,920)
4,337,942
518,561(435,961)
82,5993,207,897(2,600,910)
606,987
155,397(145,503)
9,894
1,502,778(1,385,012)
117,766
3,290,095
43,332(40,839)
2,492
3,751
8,451,528

8,725,207(4,589,392)
4,135,815
599,129(420,173)
178,956
3,174,137(2,666,892)
507,244
153,979(147,680)
6,298
1,508,192(1,431,085)
77,1073,034,348
43,332(42,726)605
3,836
7,944,212

1,420,040
7,104
1,427,145

1,115,387
81,2097,023
1,203,620

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
As of March 31,2021
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital
Investments in capital of subsidiaries andassociates
Distressed receivables
Long-term prepaid expenses
Prepaid pension costs
Other
Allowance for doubtful accounts
Investments and other assets
Non-current assets
AssetsLiabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Advances received
Deposits received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Asset retirement obligations
Other
Non-current liabilities
Liabilities

As of March 31,2022

976,8633,447,120
7,170

975,683
3,447,120
7,170

56,87756,877797
10,862
1,188,651
84,199(797)
5,771,744
15,650,418
27,500,452

797
9,481
1,215,947
91,476(797)
5,803,756
14,951,589
29,317,970

610,674
400,000
241,5422,038
810,344480,259
94,347427,327
31,042458,208

871,746
340,000
266,542335
342,288453,756
268,129808,328
32,727
572,838

11,6002,500

486
3,567,871

109,823
4,069,017

1,153,550
639
206,576
347,422
29,95546,606
1,784,750
5,352,621

1,202,007
303
90,572
347,009
29,955
46,797
1,716,645
5,785,663

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
As of March 31,2021
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Retained earnings
Treasury shares
Shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Valuation and translation adjustments
Share acquisition rights
Net assets
Liabilities and net assets

As of March 31,2022

7,351,750

7,351,750

2,860,750
4,208,657
7,069,407

2,860,750
4,214,677
7,075,427

409,094

409,0949,940,000(557,693)
9,791,401(773,996)
23,438,562

8,680,000
2,056,821
11,145,916(771,143)
24,801,950

345,996

349,537(1,708,996)(1,363,000)
72,26822,147,830
27,500,452(1,692,816)(1,343,279)
73,63623,532,307
29,317,970

Rheon Automatic Machinery co.,ltd.

Non-consolidated Statements of Income(Thousand yen)
For the fiscal year
ended March 31,2021
Net sales
Net sales of finished goods
Net sales of goods
Other sales
Total net sales
Cost of sales
Beginning finished goods inventory
Beginning merchandise inventory
Cost of products manufactured
Cost of purchased goods
Other costs
Total
Ending finished goods inventory
Ending merchandise inventory
Total cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Packing and transportation costs
Provision of allowance for doubtful accounts
Sales commission
Delivery examination expenses
Promotion expenses
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit expenses
Legal welfare expenses
Welfare expenses
Travel and transportation expenses
Entertainment expenses
Communication expenses
Rent expenses
Supplies expenses
Utilities expenses
Depreciation
Taxes and dues
Research and development expenses
Commission expenses
Other
Total selling, general and administrative expenses
Operating profit

For the fiscal year
ended March 31,2022

9,688,879
746,2583,588,505
14,023,643

10,620,302
930,136
4,056,659
15,607,097

1,418,875
148,576
5,251,964
381,109
1,248,837
8,449,362
1,172,431
69,502
7,207,428
6,816,215

1,172,431
69,502
6,480,040
481,356
1,266,622
9,469,954
1,213,486
83,067
8,173,400
7,433,697

71,471
282,086
188
28,25022,836
10,770137,530
2,210,618
270,156
11,600166,853
420,140
65,745202,135
1,801
33,882
156,250
102,632
49,286452,312
166,191
545,19059,010563,197
6,030,138
786,076

77,517517,787(676)
54,50922,051
8,815
122,370
2,242,729
336,774
2,500
142,746
360,32173,534211,291
2,543
32,543
166,820
35,68038,012
488,490
247,884
535,275
61,398441,895
6,222,816
1,210,880

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
For the fiscal year
ended March 31,2021
Non-operating income
Interest income
Dividend income
Commission income
Gain on sale of goods
Foreign exchange gains
Subsidy income
Sold power
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sold power expenses
Loss on retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Reversal of provision for loss on litigation
Insurance claim income
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on valuation of investment securities
Head office relocation expenses
Special investgation expencses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit

For the fiscal year
ended March 31,2022

1,576
450,465379
10,832
48,31523,96345,286580,819

1,949
544,174
415
21,434
93,27153,13622,937
49,682787,001

10,744
11,9929,179
831,925
1,334,970

11,477
9,911
11,305
2,273
34,967
1,962,914

684,706
19,010703,71750,40950,409228,577
28,231
79,618336,427
1,702,260
38,256(20,740)
17,516
1,684,743

80,25880,2581,933,065
183,975(104,027)
79,947
1,853,117

Rheon Automatic Machinery co.,ltd.

Non-consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31,2021(Thousand yen)
Shareholders' equity
Capital surplus

Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodShare capital

Legal capitalsurplus

Other capitalsurplus

Total capitalsurplus7,351,750

2,860,750

4,208,657

7,069,407

7,351,750

2,860,750

4,208,657

7,069,407

-

-

-

-

7,351,750

2,860,750

4,208,657

7,069,407

Shareholders' equity
Retained earnings
Legal retained
earnings
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights

409,094

409,094

Other retained earnings
Total retained
Retainedearnings
General reserve earnings brought
forward9,940,000

9,940,000

Treasury shares

Total
shareholders'equity(773,557)

26,018,442

2,021,747

12,370,842(66,967)(66,967)

1,954,780

12,303,875(375,180)(375,180)(375,180)

1,684,743

1,684,743

1,684,743(66,967)(773,557)

25,951,474

(438)

(438)
-

(3,822,037)(3,822,037)(3,822,037)-

Rheon Automatic Machinery co.,ltd.
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period--(2,512,473)(2,512,473)(438)(2,512,912)

409,0949,940,000(557,693)

9,791,401(773,996)

23,438,562

Rheon Automatic Machinery co.,ltd.

(単位：千円)Valuation and translation adjustments
Valuation
Total valuation Share acquisition Total net assets
difference on
Revaluationrightsand translation
available-for-sale reserve for land
adjustments
securities
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period168,757(5,531,033)(5,362,275)

55,337

20,711,503(66,967)

168,757(5,531,033)(5,362,275)

55,337

20,644,536(375,180)
1,684,743(438)
3,822,037

3,822,037

16,931

16,931

177,238-

177,238-

177,238

177,238

3,822,037

3,999,275

16,931

1,503,294

345,996(1,708,996)(1,363,000)

72,26822,147,830

Rheon Automatic Machinery co.,ltd.

For the fiscal year ended March 31,2022(Thousand yen)
Shareholders' equity
Capital surplus

Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodShare capital

Legal capitalsurplus

Other capitalsurplus

Total capitalsurplus7,351,750

2,860,750

4,208,657

7,069,407

7,351,750

2,860,750

4,208,657

7,069,407

6,020

6,020

-

-

6,020

6,020

7,351,750

2,860,750

4,214,677

7,075,427

Shareholders' equity
Retained earnings
Legal retained
earnings
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights

409,094

Other retained earnings
Total retained
Retainedearnings
General reserve earnings brought
forward9,940,000(557,693)

9,791,401

Treasury shares

Total
shareholders'equity(773,996)

23,438,562

409,0949,940,000(1,260,000)-(557,693)

9,791,401(773,996)(482,422)(482,422)(482,422)

1,853,117

1,853,117

1,853,117

1,260,000(16,179)

23,438,562-(16,179)

(498)

(498)

3,351

9,371
(16,179)-

Rheon Automatic Machinery co.,ltd.
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period-(1,260,000)

2,614,515

1,354,515

2,853

1,363,388

409,094

8,680,000

2,056,821

11,145,916(771,143)

24,801,950

Rheon Automatic Machinery co.,ltd.

(単位：千円)Valuation and translation adjustments
Valuation
Total valuation Share acquisition Total net assets
difference on
Revaluationrightsand translation
available-for-sale reserve for land
adjustments
securities
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplusProfitReversal of generalreserve
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landIssuance of shareacquisition rights
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period345,996(1,708,996)(1,363,000)

72,26822,147,830-

345,996(1,708,996)(1,363,000)

72,26822,147,830(482,422)
1,853,117(498)(9,364)
16,17916,1796-

10,732

10,732

3,541

-

3,541

-

3,541

3,541

16,17919,7201,367

1,384,477

349,537(1,692,816)(1,343,279)

73,63623,532,307