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 Three Months Ended June 30, 2021
[Japanese GAAP]
August 06, 2021
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 filing quarterly securities report: August 11, 2021
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2021 (April 01, 2021 to June 30, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
June 30, 2021
5,281
22.0
(3)
25
3
June 30, 2020
4,328
(36.0)
(118)
(34)
(147)
(Note) Comprehensive income:Three months ended June 30, 2021:¥
34 million [-%]
Three months ended June 30, 2020:¥(59) million [-%]
Basic earnings
per share
Three months ended
June 30, 2021
June 30, 2020

Diluted earnings pershareYen

Yen

0.15
(5.50)

0.15-(2) Consolidated Financial PositionTotal assets
As ofJune 30, 2021
March 31, 2021(Reference) Equity:

Net assets

Million yen

34,54334,124As of June 30, 2021:
As of March 31, 2021:

Capital adequacy ratio

Million yen¥¥

26,39826,632
26,326 million
26,560 million

Net assets per share%

Yen

76.2
77.8

982.39991.12

Rheon Automatic Machinery co.,ltd.

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2021

-7.00

-10.00

17.00

Fiscal year ending March 31, 2022

8.00-8.00

16.00

Fiscal year ending March 31, 2022
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

TotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2022(April 01, 2021 to March 31, 2022)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share%

Million yen%Six months ended
12,2006.9
840 (20.9)
September 30, 2021
Full year
25,050
12.4
2,080
48.1
(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

920
2,120No* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:Million yen%

Yen

(21.8)

650(57.4)

24.26

30.7

1,420(11.7)

52.99

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) 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(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2021:
28,392,000 shares
March 31, 2021:
28,392,000 shares2) Total number of treasury shares at the end of the period:
June 30, 2021:
1,593,857 shares
March 31, 2021:
1,593,686 shares
3) Average number of shares during the period:
Three months ended June 30, 2021:
Three months ended June 30, 2020:

26,798,209 shares
26,798,593 shares))NoRheon Automatic Machinery co.,ltd.

Quarterly Consolidated Financial Statements
Quarterly 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
OtherAllowance 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 June 30,2021

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

8,293,006
1,948,892
4,281,518
1,503,543
372,231
1,119,903(15,206)
17,503,889

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

15,133,456(7,836,912)
7,296,543
7,923,425(6,448,982)
1,474,4431,931,110(1,747,171)
183,938
4,094,480
45,286(42,703)
2,582
49,136
13,101,125
1,382,730

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

977,343
1,422,221
160,612(4,744)2,555,431
17,039,288
34,543,178

Rheon Automatic Machinery co.,ltd.

(Thousand yen)
As of March 31,2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease obligations
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 obligations
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 adjustmentRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

As of June 30,2021

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

1,011,799
476,454
1,811
990,606
120,374
1,940,331
248,973

11,6006,050

959,295
121,154
5,078,696

935,086
139,614
5,871,102

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

1,332,143
937
508,376
347,422
36,24648,5502,273,677
8,144,7797,351,750
7,069,407
14,591,084(773,996)
28,238,245

7,351,750
7,069,407
14,327,072(774,213)
27,974,016

345,996

340,563(1,708,996)(466,919)
151,997(1,677,921)
72,26826,632,592
34,124,830(1,708,996)(436,856)
157,402(1,647,886)
72,26826,398,398
34,543,178

Rheon Automatic Machinery co.,ltd.

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousand yen)
For the three months
ended June 30,2020
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 loss
Non-operating income
Interest income
Dividend income
Gain on sale of goods
Foreign exchange gains
Subsidy income
Sold power
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Sold power expenses
Other
Total non-operating expenses
Ordinary profit (loss)
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent

For the three months
ended June 30,2021

4,328,660
2,529,108
1,799,552

5,281,658
3,051,466
2,230,192

11,997
160,451
1,728
89,857
613,863
181,2177,700
45,51850,255
86,161122,061
547,156
1,917,970(118,418)

41,774292,327386
122,712
698,885
138,843
6,050
38,192
56,791
152,190
88,533597,1272,233,814(3,622)803
11,921
1,667
2,981
51,8808,343
12,97490,573

1,062
10,979
3,381
2,942
1,914
7,348
9,563
37,193

3,176
2,788
531
6,496
(34,341)(34,341)
32,61980,519113,138(147,480)(147,480)

2,948
2,456
2,590
7,994
25,57525,57582,051(60,447)
21,6043,971
3,971

Rheon Automatic Machinery co.,ltd.

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousand yen)
For the three months
ended June 30,2020
Profit (loss)
Other 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 three months
ended June 30,2021(147,480)

3,971

96,326(8,624)70
87,772(59,708)(5,432)30,062
5,404
30,03534,006(59,708)

34,006