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 Nine months Ended September 30, 2020
(Based on Japanese GAAP)
November 10, 2020
Company name:
Optorun Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

Inquiries:

6235
URL http://www.optorun.co.jp/
Representative Director and President/CEO Ihei Hayashi
Director and Senior Managing Executive
Officer General Manager of Management

Toshinori Takahashi

Department and Corporate Planning
OfficeScheduled date of submission of quarterly report:
Scheduled date to commence dividend payments:

November 10, 2020
–Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

TEL

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

1. Consolidated Results for the Third Quarter of Fiscal Year Ending December 2020 (January 1, 2020 to September 30, 2020)(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%
24,648(27.0)
5,551 (36.9)
5,650 (38.2)
4,246 (43.2)
Nine months ended September 30, 2020
33,750(11.3)
8,801 (15.5)
9,148 (16.2)
7,469 (6.1)
Nine months ended September 30, 2019
Earnings per share

Diluted earnings per share

Yen
99.50
178.28Nine months ended September 30, 2020
Nine months ended September 30, 2019

Yen
96.22
169.84(2) Consolidated financial position
Total assets

Net assets

Millions of yen
52,56756,509As of September 30, 2020
As of December 31, 2019

Equity ratio

Millions of yen
36,521
34,819

%
69.4
61.6

2. Cash dividends
Annual dividends per share
1st quarter-end
Year ended December 31, 2019Year ending December 31, 2020
Year ending December 31, 2020 (Forecast)Yen––

2nd quarter-end 3rd quarter-end
Yen
0.00
0.00

Fiscal year-end

TotalYen–

Yen
60.00

Yen
60.00

–50.0050.00

3. Forecast of consolidated financial results for the year ending December 31, 2020 (from January 1, 2020 to December 31, 2020)

Net sales

Full year

Millions of yen%
37,000 (13.6)

Percentages 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
9,400 (13.6)
9,700 (12.1)
7,100 (22.0)
166.64

4. Notes(1) Changes in significant subsidiaries during the nine months ended September 30, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements: No(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:No
Changes in accounting policies due to other reasons: No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No(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, 2020

44,358,000

shares As of December 31, 2019

44,358,000

sharesshares As of December 31, 2019

1,950,731

shares41,898,962

sharesNumber of treasury shares at the end of the period
As of September 30, 2020

1,492,076

Average number of shares during the period (cumulative from the beginning of the fiscal year)
As of September 30, 2020

42,676,090

shares Six months ended June 30, 2019

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)

AssetsCurrent assetsCash and deposits
Notes and accounts receivable- trade
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipmen
Intangible fixed assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Investments in capital
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable- trade
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Income taxes payable
Advances received
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Deferred tax liabilities
Retirement benefit liability
Other
Total long-term liabilities
Total liabilities

As of December 31, 2019

As of September 30, 2020

26,969,840
4,252,961
11,103,107
4,070,363
1,148,282△350,710
47,193,845

21,888,706
4,068,929
12,237,414
3,591,112
1,149,283△306,714
42,628,732

2,763,710

3,223,036

65,516
65,516775,038
72,017
847,056

795,174
4,825,976
605,295
259,618
6,486,065
9,315,292
56,509,137

374,000
4,497,787
760,750
236,412
5,868,950
9,939,043
52,567,775

2,735,267
401,691
86,864
21,588545,000
13,988,698
318,218
501,8171,226,510
19,825,656

1,407,175
400,490
66,00020,329338,925
10,692,295
521,314416,490
1,064,683
14,927,704

120,000
45,155
1,078,794
147,514472,759
1,864,222
21,689,879

70,50029,135
588,600
152,378
277,817
1,118,431
16,046,135(Thousands of yen)

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeNon-controlling shareholders' equity
Total net assets
Total liabilities and net assets

As of December 31, 2019

As of September 30, 2020

400,000
9,513,800
25,801,100△128,263
35,586,637

400,000
9,762,818
27,501,361△98,232
37,565,948△767,379△1,063,130△767,379△1,063,130

34,819,258
56,509,137

18,821
36,521,639
52,567,775

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended
September 30, 2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Rental income
Foreign exchange gains
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expense
Share of loss of entities accounted for using
equity method
Donations
OtherTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of fixed assets
Gain on change in equity
Gain on step acquisitions
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary loss
Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

Nine months ended
September 30, 2020

33,750,975
19,905,743
13,845,231
5,043,353
8,801,878

24,648,083
14,824,776
9,823,307
4,271,392
5,551,914

43,88680,957
314,861
5,767
8,895
454,368

36,05757,601
34,61989,526
21,972
239,776

7,236

3,584

99,026

107,971

1,456
107,719
9,148,528

15,831
14,107
141,4935,650,196

355,100
355,100

2,380
66,71969,1009,503,628
2,034,073
7,469,555△371
7,469,926

1,130
1,130
5,718,165
1,471,996
4,246,169
4,246,169

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)
Nine months ended
September 30, 2019
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustments
Share of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

6

Nine months ended
September 30, 2020

7,469,555

4,246,169

984-△964,003△135,742△9,794△160,008△972,814
6,496,741△295,751
3,950,418

6,496,634

3,950,418

107-