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 Resultsfor Three Months Ended March 31, 2021
(Based on Japanese GAAP)May 11, 2021
Company name:
Optorun Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

6235
URL http://www.optorun.co.jp
Representative Director and President/CEO Ihei Hayashi

Inquiries:

Director and Executive Officer
General Manager of Corporate Management Mitsuo Yamada

Dept.
Scheduled date to file Securities Report:

May 11, 2021

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–Yes

Holding of financial results meeting:

Yes

TEL

03-6635-9487(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated Results for Three Months Ended March 31, 2021 (January 1, 2021 to March 31, 2021)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of% Millions of yen% Millions of yen% Millions of yen%
yen
6,880
0.6
1,672
3.5
2,170
19.5
1,453
Three months ended March 31, 2021
0.5
6,837
△51.1
1,615
△60.9
1,816
△55.8
1,445 △59.9
Three months ended March 31, 2020
Earnings per share

Diluted earnings per share

Yen
33.76
33.99

Yen
32.88
32.77

Three months ended March 31, 2021
Three months ended March 31, 2020
(2) Consolidated financial position

As of March 31, 2021
As of December 31, 2020

Total assets

Net assets

Equity ratio

Millions of yen
57,991
54,327

Millions of yen
39,99339,515

%
68.9
72.7

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

Year ended December 31, 2020
Year ended December 31, 2021
Year ending December 31, 2021
(Forecast)

Total

Yen

Yen

Yen

Yen

Yen

––0.00

–

50.00

50.00

0.00

–

50.00

50.00

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3. Forecast of consolidated financial results for the year ending December 31, 2021 (from January 1, 2021 to December 31, 2021)
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 year
38,100
1.6
9,000
4.3
9,000
4.5
7,000
3.0
162.904. Notes(1) Changes in significant subsidiaries during the year ended December 31, 2021
(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(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, 2021

44,358,000 shares As of December 31, 2020

44,358,000 shares

Number of treasury shares at the end of the period
As of March 31, 2021

1,302,947 shares As of December 31, 2020

1,386,947 shares

43,043,986 shares Three months ended March 31, 2020

42,540,500 shares

Average number of shares during the period
Three months ended March 31, 20212

Consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2020

As of March 31, 2021

AssetsCurrent assets
Cash and deposits

22,722,838

26,427,833

Notes and accounts receivable - trade
Work in process

9,769,664
7,297,242

9,015,003
7,631,589

Raw materials and supplies
Other3,850,246
1,275,525

3,778,927
1,199,176Allowance for doubtful accounts△343,692△358,336

Total current assets

44,571,825

47,694,195

3,193,917

3,440,348

752,494
69,340728,893
66,009821,835

794,903

Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities

350,000

350,000

Investments in capital
Deferred tax assets

4,749,314
412,501

5,146,318
333,304

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

3227,905

232,419

5,739,721

6,062,042

9,755,474

10,297,294

54,327,299

57,991,489

(Thousands of yen)
As of December 31, 2020

As of March 31, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable

1,702,784
401,675

3,306,108
401,155

66,00021,56566,00021,290355,785
8,921,891

522,777
10,506,441

310,830
421,152

173,602260,383

Other

1,453,008

1,615,887

Total current liabilities

13,654,694

16,873,647

Long-term loans payable
Lease obligations

54,00027,19537,50021,426

Deferred tax liabilities
Retirement benefit liability

641,885
156,835

737,771
161,848

Other277,277

166,223

Current portion of long-term loans payable
Lease obligations
Income taxes payable
Advances received
Provision for bonuses
Provision for product warranties

Non-current liabilities

Total non-current liabilities

1,157,193

1,124,770

14,811,888

17,998,418

Capital stock
Capital surplus

400,000
9,819,208

400,000
9,839,718

Retained earnings
Treasury shares

30,053,492△91,31129,358,165△85,781

Total shareholders' equity

40,181,389

39,512,102△692,903

446,299△692,903

446,299

26,92534,66939,515,411

39,993,071

54,327,299

57,991,489

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)Three months ended

Three months ended

March 31, 2020

March 31, 2021

Net sales
Cost of sales

6,837,5053,953,767

6,880,021
3,694,090

Gross profit

2,883,737

3,185,931

Selling, general and administrative expenses

1,268,722

1,513,634

Operating profit

1,615,014

1,672,296

Interest income
Rent income

20,95328,3694,961
10,036

Foreign exchange gains
Subsidy income

123,447
67,255515,471
14,252Non-operating income

Other
Total non-operating income

8,131

12,010248,157

556,73245

141

16,18158,291

16,057－Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodContribution
Other

14,14438Total non-operating expenses

46,42958,471

1,816,741

2,170,557－

51,376－

51,376

1,816,741

2,119,181

370,814

658,925

1,445,927

1,460,256

Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

5

－

7,030

1,445,927

1,453,225

Consolidated statements of comprehensive income(Thousands of yen)Three months ended
March 31, 2020Three months ended
March 31, 2021

Profit1,445,927

1,460,256

Other comprehensive income
Foreign currency translation adjustment△414,608

920,006

Share of other comprehensive income of entities
accounted for using equity method△221,329

219,910

Total other comprehensive income△635,938

1,139,916

809,989

2,600,172

809,989

2,592,428－7,744Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

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