Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the eventof 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 September 30, 2021
(Based on Japanese GAAP)
November 9, 2021
Company name:

Optorun Co., Ltd.

Stock exchange listing: Tokyo
Stock code:
6235

URL http://www.optorun.co.jp

Representative:

Representative Director and President/CEODirector and Executive Officer

Ihei HayashiInquiries:

General Manager of Corporate Management Mitsuo Yamada
Dept.

TEL 03-6635-9487

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

November 9, 2021–

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

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

1. Consolidated Results for Nine months Ended September 30, 2021 (January 1, 2021 to September 30, 2021)(1) Consolidated operating results
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions ofMillions ofMillions ofMillions of%%%%yenyenyenyen
22,001(10.7)
4,821(13.2)
5,388(4.6)
4,526
6.6
Nine months Ended September 30, 2021
24,648(27.0)
5,551(36.9)
5,650(38.2)
4,246(43.2)
Nine months Ended September 30, 2020

Earnings per share Diluted earnings per share

Nine months Ended September 30, 2021
Nine months Ended September 30, 2020
(2) Consolidated financial position
Total assets
Millions of yen
61,092As of September 30, 2021
54,327
As of December 31, 2020

Yen

Yen

105.0499.50

102.3596.22

Net assets
Millions of yen
43,25939,515Equity ratio%
70.8
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
0.00

–

50.00

50.00

–

50.00

50.00

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
30,300 (19.2)
6,800 (21.2)
7,100 (17.5)
5,600 (17.6)
130.02

4. 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):
Newly consolidated : Optorun Semiconductor Equipment Co.,Ltd.

Yes(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:
Changes in accounting policies due to other reasons:

NoNo

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

NoNo(3) 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

44,358,000 shares

As of December 31, 2020

44,358,000 shares

1,219,976 shares As of December 31, 2020

1,386,947 shares

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

Average number of shares during the period
As of September 30, 2021

43,092,926 shares

As of September 30, 2020

42,676,090 shares

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

As of September 30, 2021

AssetsCurrent assets
Cash and deposits

22,722,838

32,470,043

Notes and accounts receivable - trade
Work in process

9,769,664
7,297,242

4,677,664
8,267,937

Raw materials and supplies
Other

3,850,246
1,275,525

3,891,141
1,626,416

Allowance for doubtful accounts(343,692)(326,749)

Total current assets

44,571,825

50,606,454

3,193,917

3,908,299

752,494
69,340648,204
54,311

821,835

702,515

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

4,904,775
391,024

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

227,905

228,975

5,739,721

5,874,776

9,755,474

10,485,591

54,327,299

61,092,046

(Thousands of yen)
As of December 31, 2020

As of September 30, 2021

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

1,702,784
401,675

2,320,694
400,868

66,00021,56566,00018,232355,785
8,921,891

835,372
10,806,870

310,830
421,152

423,309
246,057

Other

1,453,008

1,353,630

Total current liabilities

13,654,694

16,471,036

Long-term loans payable
Lease obligations

54,00027,1954,500
19,969Deferred tax liabilities
Retirement benefit liability

641,885
156,835

1,003,545
174,707

Other

277,277

158,459

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

1,361,182

14,811,888

17,832,218

Capital stock
Capital surplus

400,000
9,819,208

400,000
9,433,403

Retained earnings
Treasury shares

30,053,492(91,311)32,431,234(80,384)

Total shareholders' equity

40,181,389

42,184,253(692,903)

1,062,035(692,903)

1,062,035

26,925

13,53939,515,411

43,259,827

54,327,299

61,092,046

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

Consolidated statements of income and consolidated statements of comprehensive incomeConsolidated statements of income(Thousands of yen)
Nine months Ended September

Nine months Ended September

30, 2020

30, 2021

Net sales
Cost of sales

24,648,083
14,824,776

22,001,125
12,244,344

Gross profit

9,823,307

9,756,780

Selling, general and administrative expenses

4,271,392

4,935,710

Operating profit

5,551,914

4,821,070

Interest income
Rent income

36,05757,601

18,662
19,692Foreign exchange gains
Subsidy income

34,61989,526514,228
43,609Non-operating income

Other21,972

34,311

Total non-operating income

239,776

630,504

Interest expenses
Share of loss of entities accounted for using equity

3,584
107,971

3,237
60,034

methodContribution

15,831－Non-operating expenses

Other

14,10774

Total non-operating expenses

141,493

63,3465,650,196

5,388,228

Gain on sales of non-current assets

2,380

9,000

Gain on step acquisitions

Ordinary profit
Extraordinary income

66,719－Gain on sale of investments－

886,008

Total extraordinary income

69,100895,008

1,130

52,873

1,13052,873

Profit before income taxes

5,718,165

6,230,363

Income taxes - current1,471,996

1,701,756

Profit4,246,169

4,528,606

－

2,311

4,246,169

4,526,294

Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent