(Reference Translation)

Financial Highlights
for the First Quarter of Fiscal Year ending March 31, 2022

August 6, 2021
証券コード :Code:7247 7247
Securities
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

1Q of FY ending March 31, 2022

Mikuni's Business Segments
Net Sales and Composition Ratio
by Business Segment

Other Business3%

Turf-CareEquipment

5%

Sales of Turf-care equipment etc.

Aircraft Parts
Import and Sales
Precision forged products, etc.

1%

Household Appliances
Device Products

Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

OthersTurf-Care 516
1,017AircraftHouse 287
1,512

83%

≫ for Four-wheelers
AUTOMOBILECONSOLIDATEDSALES
15,848 MILLION YEN≫ for Two-wheelers
MOTORCYCLE

8%
Safety shut-off devices for gas
appliances, gas control devices andother various flow control devices

Automotiverelated Products

Automotive

15,848

Electronic Fuel Injection Systems

Carburetors, Pumps

2

1Q of FY ending March 31, 2022

Financial Highlights

1st Quarter of FY2021 (April 2021 - June 2021)
Operating income turned profitable while net sales declined 2.2%. The “Accounting Standard for Revenue
Recognition" (ASBJ Statement No. 29), etc. have been applied from the beginning of this fiscal year.
• Operating income increased in all business segments except for import and sales of aircraft parts (turningprofitable and reducing operating losses)• Upwardly revised earnings forecast due to expected improvement in product mix and production efficiency• (Reference) Net sales for the current 1st quarter increased by 21.3% year on year before application of the newstandards.

OPERATING RESULTS BY SEGMENT (Year-on-Year changes)
Automotive Products Business (sales and income increased)• Net sales mainly of motorcycle products recovered to the level before the spread of COVID-19• Segment operating income margin improved to 8.0% partly due to improvement in product mix• (Reference) Operating margin for this segment should have been 7.9% before application of the new standards.
Household Appliances Device Products Business (sales and income increased, operating loss narrowed)• Reduced operating loss (from -144 million yen to -75 million yen) by reviewing product strategy
Aircraft Parts Import and Sales Business (sales and profits down)• Significant decrease in sales due to the application of the new standards.
• (Reference) Net sales in this segment should have decreased by 35.9% year on year even before application of
the new standards.

Turf Care Business (sales flat, turning profitable)• Sales remained flat due to a lack of recovery in demand, but operating income returned to positive due to arevised product mix
Other Business ( sales and profit increased )• Both sales and income increased in other businesses such as heaters for vehicles and welfare and nursing careequipment
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

3

1Q of FY ending March 31, 2022

Summary of Income Statement
Reference*

1Q
FY endingMarch 31,2021

1Q
FY endingMarch 31,2022(Millions of yen)

1Q
FY endingMarch 31,2022
Previous
accounting
standards

Full-year
Forecast

Full-year
Forecast

1Q
FY endingMarch31,2022

1Q
FY endingMarch 31,2022

Beginning of FY

Revised19,615(286)(316)

19,183
1,183
1,116

23,785
1,253
1,182

84,4003,000
2,200

84,4003,400
3,000

Net income attributable toowners of the parent(677)

591

657

800

1,200

Net income per share (yen)(20.12)
ー17.64ー

19.58ー

23.82
10.00

35.73
10.00

108.86108.83106.09110.71Net Sales
Net sales operating income
Ordinary income

Dividend per share (yen)Exchange rate against the U.S.
dollar (yen)Average rate for the period
Year-end(Assumed rate for the full year:
US$ = 108 yen)

(Note)

1. Amounts less than one million yen are discarded.
2. As the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. have been applied from thebeginning of FY2021 ending March 31, 2022, the above 1Q results and full-year forecast for FY2021 are after theapplication of this accounting standards. *Reference is the value based on the previous accounting standards.
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

4

1Q of FY ending March 31, 2022

Net Sales and Operating Incomeby Business Segment

Net Sales and Operating Income by Business Segment(1Q FY ending March 31, 2021 and 1Q FY ending March 31, 2022)
1Q FY ended March 31,2021
Operating
Income(Operating(Sales ratio)
income ratio)

Net Sales(Millions of Yen)

1Q FY ending march 31,2022
Net Sales(Sales ratio)

Operatingincome(Operatingincome ratio)

AmountAutomotiveProducts

10,977(323)

15,848

1,263

56.0％

―

82.6％

8.0％

HouseholdAppliances

1,032(144)

1,512

(75)

5.3％

―

7.9％

―

Aircraft
Component

6,173

200

287

(22)

31.5％

3.3％

1.5％

―

1,019

(8)

1,017

8

5.2％

―

5.3％

0.8％

412

(11)

516

9

2.1％

―

2.7％

1.8％

19,615(286)

19,183

1,183

Turf-Care
Equipment
OtherBusiness

Total

―

Changein Net Sales

Change in Operating
IncomeRatio

Amount

Ratio

4,871

44.4％

1,586

―

479

46.5％

68―

(5,886) (95.3％)

(223)

―(1)

(0.1%)

17―10325.2％

20―(432)(2.2％)

1,469

―

6.2％

(Note) 1. Amounts less than one million yen are discarded.
2. Figures for the first quarter of the fiscal year ending March 31, 2022 are after the application of the new standards.
3. Figures in parentheses are negative values.
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

5

1Q of FY ending March 31, 2022

Net Sales and Operating Income
by Business Segment

Net Sales and Operating Income by Business Segment(1Q FY ending March 31, 2021 and 1Q FY ending March 31, 2022)
Previous Accounting Standards(Reference purpose only)

1Q FY ended March 31,2021
Operating
Income(Operating(Sales ratio)
income ratio)
Net Sales(Millions of Yen)

1Q FY ending march 31,2022
Net Sales(Sales ratio)

Operatingincome(Operatingincome ratio)

AmountAutomotive
Products

10,977(323)

16,779

1,332

56.0％

―

70.5％

7.9％

HouseholdAppliances

1,032(144)

1,512(74)

5.3％

―

6.4％

―

Aircraft
Component

6,173

200

3,958

(22)

31.5％

3.3％

16.6％

―

1,019

(8)

1,017

8

5.2％

―

4.3％

0.8％

412

(11)

516

9

2.1％

―

2.2％

1.8％

19,615(286)23,785

1,253

Turf-Care
Equipment
OtherBusinessTotal―

Changein Net Sales

Change in OperatingIncomeRatio

AmountRatio

5,802

52.9％

1,655―

479

46.5％

70―

(2,214) (35.9％)

(223)

―(1)

(0.1%)

17―

103

25.2％

20―

4,169

21.3％

1,540

―

5.3％

(Note) 1. Amounts less than one million yen are discarded.
2. Figures in parentheses are negative values.
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

6

1Q of FY ending March 31, 2022

35,000Net Sales

30,000Transition of Quarterly Net Sales
and Operating Income■Automotive Products Business ■Household Appliances Device Products Business■Aircraft Parts Import and Sales Business ■Turf-Care Equipment Sales Business■Other Business
27,252(Millions of yen)

29,137
27,132

26,977

26,21623,78522,84325,00019,61520,00019,183

18,28515,00010,0005,000

Operating income (loss)

0
2,000
1,500
1,000

1,484

1,045
555

668

1,253

21/1Q

21/1Q

522

140

500

1,183(286)(1,151)0-500-1,000-1,500
19/1Q

19/2Q

19/3Q

19/4Q

(Note) 1. Amounts less than one million yen are discarded.
2. Figures in parentheses are negative values.
Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

20/1Q

20/2Q

20/3Q

20/4Q

（Reference）

Previous AccountingStandards

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1Q of FY ending March 31, 2022

Summary of Balance Sheet(Millions of yen)

End of June
2021

Changein amount

Current assets

46,47449,313

2,839

Fixed assets

47,417

46,911(505)

Total assets

93,891

96,225

2,333

Current liabilities

31,21832,771

1,553

Fixed liabilities

34,27633,299(977)

Net assets

28,39630,154

1,758

Total liabilities and netassets

93,891

96,225

2,333

Shareholders' equity ratio

29.4％

30.4％

―

822.12Yen

872.09Yen―Net assets per share(Note)

End of March2021

1. Amounts less than one million yen are discarded.
2. As the Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29),
etc. from the beginning of the FY ending March 31, 2022, the above figures as of June 30, 2021 are after theapplication of this accounting standards.
3. Figures in parentheses are negative values.

Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

8

1Q of FY ending March 31, 2022

Summary of Balance Sheet

Transition of Capital Ratio
40.0%
30.0%

36.0%

33.1%

28.6%

20.0%

29.4%

30.4%

March, 2021

March, 2022

10.0%
0.0%
March, 2018

March, 2019

March, 2020

Transition of Interest-Bearing Debt

(Millions of yen)

50,00040,00030,00026,40530,02733,62736,56835,306

March, 2021

June, 2021

20,00010,0000March, 2018
March, 2019
March, 2020
(Note) Amounts less than one million yen are discarded.
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9Disclaimer
1. This document has been prepared on a consolidated basis.
2. This document summarizes the financial results and earnings forecasts that have alreadybeen announced, and is provided solely for the purpose of providing information toinvestors, and is not intended as a solicitation to buy or sell.
3. The forward-looking statements, including earnings forecasts, contained in this document
are based on information available as of the date of the announcement, and actual
results may differ from these forecasts due to various factors.
4. Statements regarding business performance, etc., have been prepared based on various
data that are believed to be reliable, but we do not guarantee their accuracy.

For more information, please contact
Corporate Planning Department
Corporate Division
Phone: +81-3-6895-0038
Mikuni Corporation
13-11, Sotokanda 6-chome, Chiyoda-ku, Tokyo 101-0021, Japan
URL https://www.mikuni.co.jp/Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

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