Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

May 13, 2022

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Hirata Corporation
Tokyo Stock Exchange
6258
https://www.hirata.co.jp/en/
Yuichiro Hirata, Representative Director, President
Yasuhiro Fujimoto, Director, Managing Executive Officer
Division Director, Administration Division, Internal Controls, SDGs
Telephone:+81-96-272-5558
Scheduled date of annual general meeting of shareholders:June 24, 2022
Scheduled date to commence dividend payments:
June 6, 2022
Scheduled date to file annual securities report:
June 27, 2022
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for securities analysts, institutional
investors, and the press)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 toMarch 31, 2022)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

Millions of yen

March 31, 2022

67,087

–

3,856

–

4,258

–

2,682

–

March 31, 2021

65,255

(0.5)

4,995

82.5

5,176

80.9

4,075

133.6

Note: Comprehensive income%

Millions of yen%

Millions of yen%

Millions of yen%

For the fiscal year ended March 31, 2022: ¥3,359 million[–%]
For the fiscal year ended March 31, 2021: ¥5,412 million [225.3%]

Basic earnings
per share

Diluted earnings
per share

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

Yen

Yen

March 31, 2022

258.42258.33

5.1

4.4

5.7

March 31, 2021

392.70392.21

8.3

5.8

7.7

Reference:%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2022: ¥– million
For the fiscal year ended March 31, 2021: ¥– million
Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year
ended March 31, 2022 is the figure after applying the accounting standard and relevant ASBJ regulations. The
percentage of year-on-year change is not shown.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

99,48554,93854.8%

5,248.03

Yen

March 31, 2021

92,794

51,99955.5

4,961.79

Reference:

EquityAs of March 31, 2022: ¥54,478 million
As of March 31, 2021: ¥51,500 million
Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure as of March 31,
2022 is the figure after applying the accounting standard and relevant ASBJ regulations.

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2022

(3,444)(1,082)

4,150

12,939March 31, 2021

690

(2,378)3,536

12,685

2. Cash dividends
Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end
Yen

Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year
endingMarch 31, 2023
(Forecast)

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Ratio of
Payout ratio dividends to(Consolidated) net assets(Consolidated)

Yen Millions of yen

%

%

–

0.00

–

65.00

65.00

674

16.6

1.4

–

0.00

–

65.00

65.00

679

25.2

1.3

–

0.00

–

50.00

50.00

25.9

Note: Total dividends include dividends of ¥4,205 thousand for shares of the Company held by Sumitomo Mitsui Trust
Bank, Limited (Trust Account) (Re-trust trustee: Custody Bank of Japan, Ltd. (Trust Account)) as the trust assets of a
“Director Stock Ownership Plan.”

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 toMarch 31, 2023)
Net sales

Fiscal year ending
March 31, 2023

(Percentages indicate year-on-year changes.)
Profit attributable to
Basic earnings
Ordinary profit
owners of parent
per share

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

80,000

19.2

3,000

(22.2)

2,900(31.9)

2,000(25.4)

192.69

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For details, please refer to “(5) Notes on consolidated financial statements (Changes in accounting policies)” in“3. Consolidated financial statements and major notes” on page 15 of the Attached Materials.

(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

10,756,090 shares

As of March 31, 2021

10,756,090 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

375,411 shares

As of March 31, 2021

376,582 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2022

10,379,559 sharesFiscal year ended March 31, 2021

10,379,403 shares

Note: Treasury shares for the fiscal year ended March 31, 2022 include the number of the Company’s shares held by
the trust account of the stock delivery trust for officers (64,700 treasury shares at the end of the fiscal year).

[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 toMarch 31, 2022)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

ProfitFiscal year ended

Millions of yen

March 31, 2022

54,220

–

2,979

–

3,451

–

2,118

–

March 31, 2021

52,699

9.5

4,394

97.9

4,963

88.9

3,726

89.0

%

Basic earnings
per share

Millions of yen%

Millions of yen%

Millions of yen

Diluted earnings
per share

Fiscal year ended

Yen

Yen

March 31, 2022

204.09204.02

March 31, 2021

358.99358.54

Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for the fiscal year
ended March 31, 2022 is the figure after applying the accounting standard and relevant ASBJ regulations. The
percentage of year-on-year change is not shown.

%

(2) Non-consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

84,35945,83654.3%

4,412.81

Yen

March 31, 2021

80,88144,85555.3

4,311.51

Reference:

EquityAs of March 31, 2022: ¥45,807 million
As of March 31, 2021: ¥44,751 million
Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure as of March 31,
2022 is the figure after applying the accounting standard and relevant ASBJ regulations.

2. Non-consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022
to March 31, 2023)
Net sales

Fiscal year ending
March 31, 2023

(Percentages indicate year-on-year changes.)
Basic earnings
Profitper share

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Yen

62,000

14.3

2,300

(33.4)

1,600(24.5)

154.15* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters(Notes on forward-looking statements)
Forward-looking statements in this material, including earnings forecasts, are based on information
currently available to the Company and on certain assumptions deemed reasonable. Actual results may
differ significantly due to various factors. For the assumptions underlying the forecast, please refer to“(4) Future outlook” in “1. Overview of the operating results” on page 5 of the Attached Materials.
(Access to presentation materials and contents of the financial results briefing)
The Company will hold a financial results briefing for securities analysts, institutional investors, and thepress on Tuesday, May 24, 2022.
The presentation materials of the financial results briefing will be posted on the Company’s website.

Table of Contents of the Attached Materials
Index
1. Overview of the operating results ............................................................................................................. 2(1) Overview of the operating results for the fiscal year under review .................................................... 2(2) Overview of the financial position for the fiscal year under review .................................................. 3(3) Overview of the cash flows for the fiscal year under review ............................................................. 4(4) Future outlook .................................................................................................................................... 5(5) Basic policy on profit distribution and dividends for the current and next fiscal years ..................... 5
2. Basic approach to the selection of accounting standards .......................................................................... 6
3. Consolidated financial statements and major notes .................................................................................. 7(1) Consolidated balance sheet ................................................................................................................ 7(2) Consolidated statement of income and consolidated statement of comprehensive income ............... 9(Consolidated statement of income) ................................................................................................... 9(Consolidated statement of comprehensive income) ........................................................................ 10(3) Consolidated statement of changes in equity ................................................................................... 11(4) Consolidated statement of cash flows .............................................................................................. 13(5) Notes on consolidated financial statements ...................................................................................... 15(Notes on going concern assumption) .............................................................................................. 15(Changes in accounting policies)...................................................................................................... 15(Segment information) ..................................................................................................................... 17(Per share information) ..................................................................................................................... 20(Significant subsequent events) ........................................................................................................ 20
Supplementary material .......................................................................................................................... 21
Production, orders and sales ................................................................................................................... 21
4. Non-consolidated financial statements and major notes ......................................................................... 23(1) Non-consolidated balance sheet ....................................................................................................... 23(2) Non-consolidated statement of income ............................................................................................ 25(3) Non-consolidated statement of changes in equity ............................................................................ 26(4) Notes on non-consolidated financial statements .............................................................................. 30(Notes on going concern assumption) .............................................................................................. 30- 1 -1. Overview of the operating results(1) Overview of the operating results for the fiscal year under review
During the current fiscal year, the economic situation surrounding the Group was affected by activity
restrictions and supply chain disruptions due to waves of infection by new variants of the novel
coronavirus (COVID-19) although economic activities, especially in developed countries, normalized
due to progress in vaccination in various countries. Moreover, in addition to soaring resource prices anda severe shortage of semiconductors, there are concerns about the impact of Russia’s invasion of
Ukraine on the global economy, and the economic outlook remains uncertain. In the U.S., althoughsupply constraints persisted, business confidence in the manufacturing sector improved and capital
investment remained firm. Personal consumption also continued to recover against the backdrop ofsolid employment conditions. In Europe, economic activity resumed due to the easing of activity
restrictions caused by the spread of vaccinations, but consumer spending cooled down again due to newwaves of infection by variants. In China, external demand remained firm, but the economy slowed
down due to tighter activity restrictions in line with the zero-COVID policy. In Japan, there were signsof resumption of capital investment that had been postponed. However, exports declined due toautomobile production cutbacks caused by the shortage of semiconductors, and consumer spending
remained sluggish due to the voluntary activity restraint from repeated declarations of a state of
emergency and pre-emergency measures.
In this business environment, the Group has been working to increase global orders and strengthen costcompetitiveness by promoting local procurement and local production in cooperation with overseas
subsidiaries, expanding in-house production, and taking other measures to prevent the spread of
COVID-19, in addition to utilizing telecommuting and web conference systems and conducting
vaccination at work sites in Japan.
As a result, net sales for the current fiscal year were ¥67,087 million (¥65,255 million for the previous
fiscal year), operating profit was ¥3,856 million (¥4,995 million for the previous fiscal year), ordinary
profit was ¥4,258 million (¥5,176 million for the previous fiscal year), and profit attributable to ownersof parent was ¥2,682 million (¥4,075 million for the previous fiscal year).
In addition, the Company has applied “Accounting Standard for Revenue Recognition” (ASBJ
Statement No. 29, March 31, 2020) and relevant ASBJ regulations from the beginning of the current
fiscal year. As a result, net sales for the current fiscal year increased compared with the previous
accounting method. Therefore, year-on-year comparisons (%) for net sales, operating profit, ordinary
profit, and profit attributable to owners of parent for the current fiscal year are not shown. The details
are shown in “(5) Notes on consolidated financial statements (Changes in accounting policies)” in “3.
Consolidated financial statements and major notes.”
The following is an overview of operations by business segment.
(i) Automobile-related production equipment businessIn the automobile-related production equipment business, net sales remained firm due to strong
capital investment in next-generation vehicles such as electric vehicles (EVs), backed by global
efforts to become carbon neutral. As a result, net sales were ¥26,109 million (¥23,543 million forthe previous fiscal year).
(ii) Semiconductor-related production equipment businessIn the semiconductor-related production equipment business, net sales of equipment related toorganic electroluminescence (organic EL) declined significantly from the high level of the previous
fiscal year. However, net sales of silicon wafer transfer equipment and other equipment remained
firm as semiconductor manufacturers made aggressive capital investments in response to risingdemand for semiconductors against the backdrop of the full-scale development of fifth-generation
mobile communication systems (5G) and the spread of telecommuting. As a result, net sales were¥30,125 million (¥29,409 million for the previous fiscal year).

- 2 -(iii) Home appliance-related and other production equipment businessIn the home appliance-related and other production equipment business, net sales of equipment toproduce white goods remained firm, but net sales fell below the previous fiscal year’s level due to alull in tire-related capital investment. As a result, net sales were ¥8,806 million (¥10,324 million forthe previous fiscal year).
Segment information is as follows.
(i) Japan
In Japan, organic EL-related net sales, which had been the driving force until the previous fiscal
year, declined, but EV-related and silicon wafer transfer-related net sale remained firm. On theother hand, profit margins declined due to sales declined for some projects and sales decreased forhighly profitable projects. As a result, net sales were ¥56,635 million (¥54,773 million for theprevious fiscal year), and operating profit was ¥3,259 million (¥4,784 million for the previous
fiscal year).
(ii) Asia
In Asia, silicon wafer transfer-related net sales remained firm due to increased capital investment
by semiconductor manufacturers on the back of strong semiconductor demand. However, profit
margins declined due to stagnant economic activity caused by COVID-19 in some emerging
countries, as well as higher costs due to raw material price hikes. As a result, net sales were ¥6,364
million (¥5,375 million for the previous fiscal year), and operating profit was ¥273 million (¥273
million for the previous fiscal year).
(iii) North America
In North America, net sales were recorded mainly for EV related and silicon wafer transfer related,
although sales decreased from the previous fiscal year due to the impact of activity restrictions
caused by the COVID-19 pandemic. Profits improved from the previous fiscal year due to thereceipt of orders for highly profitable projects. As a result, net sales were ¥3,169 million (¥4,050
million for the previous fiscal year), and operating profit was ¥454 million (¥31 million for theprevious fiscal year).
(iv) Europe
In Europe, profits decreased as automobile-related net sales declined. As a result, net sales were¥918 million (¥1,056 million for the previous fiscal year), and operating loss was ¥53 million(operating loss of ¥106 million for the previous fiscal year).
(2) Overview of the financial position for the fiscal year under review(Assets)
Total assets at the end of the current fiscal year of the Group increased ¥6,691 million from the end of
the previous fiscal year to ¥99,485 million. The main breakdown was an increase of ¥1,922 million intrade receivables (notes receivable - trade, electronically recorded monetary claims – operating,accounts receivable – trade, and contract assets), an increase of ¥3,564 million in inventories, and anincrease of ¥1,210 million in retirement benefit asset.
(Liabilities)
Liabilities increased ¥3,751 million from the end of the previous fiscal year to ¥44,547 million. The
main breakdown was a decrease of ¥1,440 million in trade payables (notes and accounts payable - tradeand electronically recorded obligations - operating) and an increase of ¥5,046 million in debt withinterest (short-term borrowings and long-term borrowings).
- 3 -(Net assets)
Net assets increased ¥2,939 million from the end of the previous fiscal year to ¥54,938 million. The
main breakdown was an increase of ¥317 million in retained earnings at the beginning of the period due
to changes in accounting policies, and an increase of ¥2,324 million in retained earnings due torecording of ¥2,682 million in profit attributable to owners of parent and ¥674 million in dividends
paid. As a result, the equity-to-asset ratio fell to 54.8% from 55.5% at the end of the previous fiscal
year.
(3) Overview of the cash flows for the fiscal year under review
Cash and cash equivalents (hereinafter referred to as “cash”) at the end of the current fiscal year
increased ¥253 million from the end of the previous fiscal year to ¥12,939 million.
(Cash flows from operating activities)
Net cash used in operating activities amounted to ¥3,444 million (compared with ¥690 million
provided in the previous fiscal year). Main factors were an increase of ¥4,260 million in inventories
and a decrease of ¥2,686 million in trade payables, against profit before income taxes of ¥4,266
million.
(Cash flows from investing activities)
Net cash used in investing activities totaled ¥1,082 million (compared with ¥2,378 million used in theprevious fiscal year), mainly due to ¥925 million used to purchase property, plant and equipment forthe construction of research facilities at the Kumamoto Plant and a new building at the Kansai Plant.
(Cash flows from financing activities)
Net cash provided by financing activities amounted to ¥4,150 million (compared with ¥3,536 million
provided in the previous fiscal year). Main factors were an increase of ¥5,100 million in short-termborrowings due to higher demand for funds in response to rising production, and dividends paid of¥675 million.
(Reference) Trends in cash flow indicators
Fiscal year
ended
March 31,2018

Fiscal year
ended
March 31,2019

Fiscal year
ended
March 31,2020

Fiscal year
ended
March 31,2021

Fiscal year
ended
March 31,2022

Equity-to-asset ratio (%)

48.3

50.9

54.4

55.5

54.8

Equity-to-asset ratio based on market
value (%)

109.5

87.5

56.0

76.7

56.3

Ratio of debt with interest to cash
flow (year)

–

1.8

1.8

27.1

–

Interest coverage ratio (times)

–

110.8

146.8

10.9

–

(Notes) 1. All indicators are calculated using the following formulas based on consolidated financial figures.
Equity-to-asset ratio: Total shareholder’s equity / Total assets
Equity-to-asset ratio based on market value: Market capitalization / Total assets
Ratio of debt with interest to cash flow: Debt with interest / Operating cash flows
Interest coverage ratio: Operating cash flows / Interest payment
2. Market capitalization is calculated based on the number of shares outstanding excluding treasury shares.
3. Ratios of debt with interest to cash flow and interest coverage ratios for the fiscal year ended March 31, 2018
and the fiscal year ended March 31, 2022 are not shown respectively because each operating cash flow was
negative.

- 4 -4. Operating cash flows and interest payments are taken from “Cash flows from operating activities” and“Interest paid” as reported in the consolidated statement of cash flows.

(4) Future outlook
Regarding outlook for the next fiscal year, although the global economy is on a recovery trend with the
spread of vaccines against the novel coronavirus disease (COVID-19), new variants of the virus havebeen identified one after another, and it is still difficult to predict when the pandemic will come to an
end. In addition, the outlook is likely to remain uncertain due to soaring crude oil prices and a severe
shortage of semiconductors, as well as heightened geopolitical risks resulting from Russia's invasion of
Ukraine.
In the automobile-related production equipment business, we expect capital investment in the EV
market to expand over the mid- to long-term against the backdrop of accelerating global efforts toachieve carbon neutrality. In the semiconductor-related production equipment business, we expect
semiconductor equipment manufacturers to continue to make vigorous capital investments against the
backdrop of the spread of 5G and teleworking, as well as the progress of self-driving cars and IoT. In
the home appliance-related and other production equipment business, we expect capital investment inhome appliance-related equipment to expand against the backdrop of demand staying at home during
the COVID-19 crisis.
Under such circumstances, as the first year of the Company's new Mid-term Management Plan
(FY2022-2024), the Group is working to strengthen product competitiveness and develop new productsin the EV-related equipment business in order to expand business in growth markets, optimize theproduction system in the semiconductor-related equipment business, as well as to start full-scale
research on biological genetic resources. We will also aim to strengthen our competitiveness as a global
company by strengthening cooperation among Group companies, thoroughly managing profitability
through front-loading, and enhancing our product competitiveness. Furthermore, we will work to
implement management adapted to the new-normal era by strengthening ESG management initiatives
and by introducing and utilizing digital transformation (DX) to enhance corporate value.
For the fiscal year ending March 31, 2023, we are forecasting net sales of ¥80.0 billion (up 19.2% year
on year), operating profit of ¥3.0 billion (down 22.2% year on year), ordinary profit of ¥2.9 billion(down 31.9% year on year) and profit attributable to owners of parent of ¥2.0 billion (down 25.4% year
on year).
The consolidated forecasts are based on information currently available to the Company and actual
results may differ from the forecasts due to a variety of factors.
(5) Basic policy on profit distribution and dividends for the current and next fiscal years
In order to enable the flexible return of profits to shareholders, the Company’s Articles of Incorporation
stipulate that the Board of Directors may determine the distribution of surplus and other matters by
resolution of the Board of Directors in accordance with each item of Article 459, paragraph (1) of theCompanies Act.
The Company considers the return of profits to shareholders to be one of its highest management
priorities, and strives to maintain a stable and continuous dividend payout ratio of 20% or more on aconsolidated basis, while strengthening the financial position and taking into consideration
consolidated performance and future business development.
As for the annual dividends for the current fiscal year, the Company decided to pay ¥65 per share withpayment commencing from June 6, 2022 at the Board of Directors meeting held on May 13, 2022 after
comprehensively considering the aforementioned basic policy and the business environment in which
the Company is operating.
As for the annual dividends forecast for the next fiscal year, the Company expects to pay ¥50 per share
as a year-end dividend.
The Company’s Articles of Incorporation stipulate that “the record date for year-end dividends shall be
March 31 of each year,” “the record date for interim dividends shall be September 30 of each year,” and- 5 -“in addition to the preceding two paragraphs, the Company may determine a record date for the
distribution of surplus.” However, due to the low correlation between interim results and fiscal year
results resulting from the make-to-order production system, the Company’s basic policy is to pay yearend dividends once a year in principle.
The Company will effectively utilize internal reserve funds to respond to future changes in the businessenvironment and for business growth, such as business expansion in the growth market, research on
biological genetic resources, and flexible M&As.

2. Basic approach to the selection of accounting standards
For the time being, the Group’s policy is to prepare its consolidated financial statements in accordance withJapanese GAAP, taking into consideration the comparability of the consolidated financial statements fromperiod to period.
The Company’s policy is to take appropriate action with respect to the timing of IFRS application, etc.,
while taking into consideration various circumstances.

- 6 -3. Consolidated financial statements and major notes(1) Consolidated balance sheet(Thousands of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Contract assets
Inventories
Other
Allowance 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
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Distressed receivables
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 7 -As of March 31, 2022

12,685,736
32,488,990–
6,407,458––
7,002,451
2,690,950(24,504)
61,251,082

12,939,212–
247,019
6,163,819
7,724,173
26,683,877
10,567,158
2,716,805(38,470)
67,003,595

19,512,419(8,732,724)
10,779,695
6,305,599(4,221,747)
2,083,852
3,799,594(3,081,247)
718,346
9,851,524
106,298
23,539,718

19,814,106(9,233,515)
10,580,590
6,429,511(4,600,002)
1,829,508
3,676,599(2,987,798)
688,801
9,851,169
575,947
23,526,017

25,781456,938
14,274496,994

25,781459,840
14,274
499,8962,368,732
37,711
4,481,690
264,203696,615(341,853)
7,507,099
31,543,812
92,794,895

2,080,763
3,590
5,692,302
136,946
993,249(450,463)
8,456,389
32,482,304
99,485,900

(Thousands of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Advances received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
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-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets- 8 -As of March 31, 2022

5,234,274
6,720,858
3,400,000
3,677,800
687,099
3,239,051
759,442–604,384
47,2696,154,055
4,360,113
8,500,000
5,635,328
749,5932,937,155
702,436
956,003–79,216

158,073

118,397268,397
210,945928,039
25,935,638

256,958
337,073825,786
31,612,118

11,616,500

9,605,674–

71,170213,266
2,077,511
952,936
14,860,214
40,795,852

384,867
2,077,511
796,048
12,935,272
44,547,390

2,633,962
14,317,562
31,422,900(2,474,312)
45,900,112

2,633,962
14,309,592
33,747,543(2,452,359)
48,238,738

661,088(101,181)
4,543,663
161,109336,1235,600,804
104,449
393,676
51,999,042
92,794,895

454,149(238,178)
4,543,663
923,814555,905
6,239,354
28,353432,062
54,938,509
99,485,900

(2) Consolidated statement of income and consolidated statement of comprehensive income(Consolidated statement of income)(Thousands of yen)
Fiscal year ended
March 31, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Settlement income
Subsidy income
Gain on sale of scrap metal
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commitment fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - refund
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent- 9 -Fiscal year ended
March 31, 2022

65,255,919
51,592,976
13,662,942
8,667,668
4,995,273

67,087,433
54,379,165
12,708,267
8,852,163
3,856,104

9,639
50,884
6,080
20,663
97,291
22,823
71,996279,380

14,627
58,163––271,112
38,101
142,050524,055

62,212–18,002
18,36898,583
5,176,070

60,66532,8558,516
19,996122,033
4,258,127

479
32
511

45,842–45,842

4,074
26
3,352
7,452
5,169,129
1,235,639(404,338)
287,482
1,118,783
4,050,346(25,618)
4,075,964

37,071
112–
37,184
4,266,785
1,220,730(4,625)
336,896
1,553,001
2,713,783
31,5152,682,267

(Consolidated statement of comprehensive income)(Thousands of yen)
Fiscal year ended
March 31, 2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
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 of parent
Comprehensive income attributable to non-controllinginterests- 10 -

Fiscal year ended
March 31, 2022

4,050,346

2,713,783

261,715(122,670)(92,179)
1,315,203
1,362,069
5,412,415(206,939)(136,997)
762,395
226,956
645,4143,359,198

5,440,941

3,320,818(28,526)

38,379(3) Consolidated statement of changes in equity
Previous fiscal year (from April 1, 2020 to March 31, 2021)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retainedearnings

2,633,962

14,313,891

27,762,122

Treasury shares(2,478,433)

Cumulative effects of changes
in accounting policies
Restated balance(Thousands of yen)
Accumulated other comprehensive
incomeValuation
Total
Deferred gains
difference onshareholders’or losses onavailable-forequity
hedgessale securities
42,231,542

399,373

21,489399,373

21,489–261,715(122,670)–
2,633,962

14,313,891

27,762,122(2,478,433)

42,231,542

Changes during period
Dividends of surplus(415,186)(415,186)

Profit attributable to owners ofparent

4,075,964

4,075,964

Purchase of treasury shares

(478)

(478)

Disposal of treasury shares

4,599

4,599

Gain on disposal of treasury
shares

3,671

3,671

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

–

3,671

3,660,778

4,120

3,668,570

261,715(122,670)

2,633,962

14,317,562

31,422,900(2,474,312)

45,900,112

661,088(101,181)

Total
Share acquisition
Remeasurements accumulated
rightsof definedotherbenefit planscomprehensive
incomeNoncontrollinginterests

Total net assets

432,796

46,993,088

Accumulated other comprehensive income

Balance at beginning of period

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

4,543,663

245,493(974,193)

4,235,827

92,921

Cumulative effects of changes
in accounting policies
Restated balance–
4,543,663

245,493(974,193)

4,235,827

92,921

432,796

46,993,088

Changes during period
Dividends of surplus(415,186)

Profit attributable to owners ofparent

4,075,964

Purchase of treasury shares(478)

Disposal of treasury shares

4,599

Gain on disposal of treasury
shares

3,671

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period–(84,384)

1,310,316

1,364,977

11,527(39,120)

1,337,384–(84,384)

1,310,316

1,364,977

11,527(39,120)

5,005,954

4,543,663

161,109336,1235,600,804

104,449

393,676

51,999,042- 11 -

Current fiscal year (from April 1, 2021 to March 31, 2022)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retainedearnings

2,633,962

14,317,562

31,422,900

Cumulative effects of changes
in accounting policies
Restated balance

Treasury shares(2,474,312)

317,094

2,633,962

14,317,562

31,739,994(Thousands of yen)
Accumulated other comprehensive
incomeValuation
Total
Deferred gains
difference onshareholders’or losses onavailable-forequity
hedgessale securities
45,900,112

661,088

317,094(2,474,312)

46,217,207(101,181)
4,137

661,088(97,043)–(206,939)(141,134)

Changes during period
Dividends of surplus(674,719)(674,719)

Profit attributable to owners ofparent

2,682,267

2,682,267

Purchase of treasury shares(411,040)(411,040)

Disposal of treasury shares

432,993432,993

Gain on disposal of treasury
shares(7,970)(7,970)Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period–(7,970)2,007,548

21,9532,021,531(206,939)(141,134)

2,633,962

14,309,592

33,747,543(2,452,359)

48,238,738

454,149(238,178)

Total
Share acquisition
Remeasurements accumulated
rightsof definedotherbenefit planscomprehensive
incomeNoncontrollinginterests

Total net assets

393,676

51,999,042

6

309,698

393,682

52,308,740

Accumulated other comprehensive income

Balance at beginning of period

Revaluation
reserve forland

Foreigncurrencytranslation
adjustment

4,543,663

161,109

Cumulative effects of changes
in accounting policies
Restated balance

336,123(11,540)

4,543,663

149,569

5,600,804

104,449(7,402)

336,123

5,593,401

104,449

Changes during period
Dividends of surplus(674,719)

Profit attributable to owners ofparent

2,682,267

Purchase of treasury shares(411,040)

Disposal of treasury shares

432,993

Gain on disposal of treasury
shares(7,970)Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period–

774,245

219,782645,953(76,095)

38,379608,237–

774,245

219,782645,953(76,095)

38,3792,629,768

4,543,663

923,814555,905

6,239,354

28,353432,062

54,938,509- 12 -

(4) Consolidated statement of cash flows(Thousands of yen)
Fiscal year ended
March 31, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for loss on construction
contracts
Increase (decrease) in provision for share awards for
directors (and other officers)
Increase (decrease) in retirement benefit asset andliability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued expenses
Increase (decrease) in advances received
Increase (decrease) in contract liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from collection of long-term loans receivablefrom employees
Net cash provided by (used in) investing activities- 13 -

Fiscal year ended
March 31, 2022

5,169,129
1,453,916
127,717(4,417)

4,266,785
1,478,400
103,985
24,49046,472(39,676)

52,308(29,302)(883,214)

97,461–

71,170(583,262)(884,178)(60,524)
62,212
5,303
(453)
4,074
(32)
3,352
(971,740)(72,791)
60,665
16,859(45,729)
37,071––––

882,825

514,405(1,590,205)
598,705(889,090)–(1,169,687)
1,884,968
62,194(63,278)(1,193,818)
690,065(4,260,959)(2,686,422)(342,607)–(178,215)(799,387)(2,299,554)
70,495(61,184)(1,153,829)(3,444,072)(50,801)48(2,188,935)
803(147,281)(10,000)–(925,355)
97,791(250,445)

7,265

5,478

(2,378,900)(1,082,530)

(Thousands of yen)
Fiscal year ended
March 31, 2021
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Proceeds from sale of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 14 -

Fiscal year ended
March 31, 2022

(1,700,000)
8,500,000(2,642,808)(478)
0(416,017)(10,594)(193,385)
3,536,717

5,100,000
4,000,000(4,053,298)(195)
1(675,436)–(220,722)
4,150,348(134,780)

629,730

1,713,102
10,972,633
12,685,736

253,476
12,685,736
12,939,212

(5) Notes on consolidated financial statements(Notes on going concern assumption)
Not applicable.
(Changes in accounting policies)(Application of accounting standard for revenue recognition, etc.)
The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29,
March 31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and it hasrecognized revenue at the time the control of promised goods or services is transferred to the customer
in the amount expected to be received upon exchange of said goods or services.
The percentage-of-completion method was previously applied to construction contracts where theoutcome of the construction activity is deemed certain. However, the Company changed to a method
where, if control over the goods or services is transferred to the customer over time, performanceobligations are satisfied over a certain period of time and revenue is recognized. The measurement ofprogress toward satisfying performance obligations is based on the percentage of construction costs
incurred by the end of each reporting period to the total expected construction costs. Furthermore, inthe early stages of the contract, revenue is recognized on a cost recovery basis when it is not possible toreasonably estimate progress towards satisfying performance obligations, but it is probable that thecosts incurred will be recovered. However, for construction contracts where the period from thetransaction start date of the contract to the time when complete satisfaction of performance obligations
is expected is very short, alternative treatment is applied and no revenue is recognized over time, andrevenue is recognized upon complete satisfaction of performance obligations.
The application of the Accounting Standard for Revenue Recognition and relevant ASBJ regulations isin accordance with the transitional treatment stipulated in the proviso of paragraph 84 of the
Accounting Standard for Revenue Recognition. The cumulative effect of applying the new accounting
policy retrospectively prior to the beginning of the current fiscal year was added to or deducted fromthe opening balance of retained earnings of the current fiscal year, and the new accounting policy wasapplied from the opening balance of the current fiscal year.
Furthermore, by applying the method set forth in item (1) of the supplementary provisions of paragraph
86 of the Accounting Standard for Revenue Recognition, modifications to contracts carried out prior to
the beginning of the current fiscal year were accounted for based on the contractual terms after all
contract modifications were reflected. Consequently, this cumulative effect was added to or deductedfrom the opening balance of retained earnings of the current fiscal year.
Due to the application of the Accounting Standard for Revenue Recognition and relevant ASBJ
regulations, “Notes and accounts receivable - trade” under current assets of the consolidated balance
sheet as of the end of the previous fiscal year has been included in “Notes receivable - trade,”“Accounts receivable - trade,” and “Contract assets” under current assets from the current fiscal year. In
addition, “Advances received” under current liabilities has been included in “Contract liabilities” and“Other” from the current fiscal year. “Increase (decrease) in advances received” presented in “Cashflows from operating activities” on the consolidated statements of cash flows for the previous fiscal
year is presented as “Increase (decrease) in contract liabilities” and “Other, net” from the current fiscal
year. In accordance with the transitional treatment provided for in paragraph 89-2 of the AccountingStandard for Revenue Recognition, figures for the previous fiscal year have not been restated inaccordance with the new approach to presentation.
As a result of the above, accounts receivable - trade increased by ¥1,498,444 thousand and contract
assets increased by ¥1,912,776 thousand, inventories decreased by ¥3,931,683 thousand, notes andaccounts payable - trade decreased by ¥981,803 thousand, contract liabilities decreased by ¥1,433,035
thousand, and retained earnings increased by ¥1,470,237 thousand in the consolidated balance sheet forthe current consolidated fiscal year, compared with those before the adoption of the revenue
recognition accounting standard.
In the consolidated statement of income for the current fiscal year, net sales, cost of sales, selling,
general and administrative expenses, operating profit, ordinary profit, and profit before income taxes- 15 -

for the current fiscal year were up ¥4,208,729 thousand, ¥2,805,626 thousand, ¥4,413 thousand,¥1,398,689 thousand and ¥1,394,567 thousand respectively.
The balance of retained earnings in the consolidated statement of changes in equity at the beginning of
the period was up ¥317,094 thousand reflecting the cumulative effect on net assets at the beginning of
the current fiscal year.
The impact on per share information is stated in the relevant section.
(Application of accounting standard for fair value measurement, etc.)
The Company has applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement
No. 30, July 4, 2019) and relevant ASBJ regulations from the beginning of the fiscal year under review,
and it has applied the new accounting policy provided for by the Accounting Standard for Fair Value
Measurement, etc. prospectively in accordance with the transitional measures provided for in paragraph
19 of the Accounting Standard For Fair Value Measurement, and paragraph 44-2 of the “AccountingStandard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019). This will not affect theconsolidated financial statements.

- 16 -

(Segment information)
1. Overview of reportable segments
The Company’s reportable segments are components of the Company for which separate
financial information is available and are subject to periodic review by the Board of Directors
for the purpose of determining the allocation of management resources and evaluating
performance.
The Company mainly produces and sells automatic labor-saving equipment and other products
in Japan and overseas, and supplies its products to countries around the world.
Each local subsidiary is an independent management unit that formulates comprehensive
strategies and conducts business activities in each region.
Therefore, the Company is composed of geographic segments based on production and sales
structure, and has four reportable segments: Japan, Asia, North America, and Europe. Eachreportable segment primarily produces and sells automatic labor-saving equipment and otherproducts.
2. Calculation for the amount of net sales, profit or loss, assets, liabilities and other items byreportable segment
As described in “Changes in accounting policies,” the Company has applied “AccountingStandard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant
ASBJ regulations from the beginning of the current fiscal year, and changed the accounting
treatment for revenue recognition. Accordingly, the Company has changed the method of
measuring profit or loss of reportable segments.
As a result, compared with the previous method, net sales by segment for the current fiscal year
increased ¥2,949,452 thousand in Japan, ¥886,580 thousand in Asia, and ¥356,244 thousand in
North America, ¥16,452 thousand in Europe. Furthermore, profit by segment increased¥535,449 thousand in Japan, ¥439,778 thousand in Asia, and ¥388,532 thousand in North
America.
3. Information on the amount of net sales, profit or loss, assets, liabilities and other items byreportable segment
Previous fiscal year (from April 1, 2020 to March 31, 2021)(Thousands of yen)
Total

Japan

Asia

North America

EuropeNet sales
Sales to external customers
Intersegment sales and transfers

54,773,673
3,870,821

5,375,466
866,244

4,050,331
507,850

1,056,447
1,290,245

65,255,919
6,535,161

Total

58,644,495

6,241,711

4,558,181

2,346,692

71,791,080

Segment profit

4,784,556

273,788

31,839(106,589)

4,983,595

Segment assets

85,278,843

7,137,544

6,023,343

1,614,781

100,054,513

1,285,349

85,15566,737

9,378

1,446,621

3,113,764

37,683

4,795

3,858

3,160,102

Other items
Depreciation
Increase in property, plant andequipment and intangible assets- 17 -

Current fiscal year (from April 1, 2021 to March 31, 2022)
Asia

North America

20,044,815

3,414,449

1,361,995

901,868

25,723,127

36,563,723

2,949,772

1,807,042

16,452

41,336,991

56,608,538

6,364,221

3,169,037

918,320

67,060,118

27,314–––27,314

Sales to external customers
Intersegment sales and transfers

56,635,853
3,235,286

6,364,221
1,554,101

3,169,037
837,670918,320
46,16967,087,433
5,673,228

Total

72,760,661

Net sales
Goods or services transferred ata point in time
Goods or services transferredover time
Revenue from contracts withcustomers
Other revenue

Europe(Thousands of yen)
Total

Japan

59,871,140

7,918,323

4,006,708

964,489

Segment profit

3,259,578

273,927454,517(53,434)

3,934,588

Segment assets

90,893,282

9,197,047

14,771,661

1,037,091

115,899,083

Other items
Depreciation
1,329,663
104,680
27,606
9,328
1,471,279
Increase in property, plant and
1,348,307
82,324
31,7432,240
1,464,615
equipment and intangible assets(Note) By applying the alternative treatment prescribed in paragraph 95 of the “Guidance on Accounting Standard for Revenue
Recognition,” construction contracts for which revenue is recognized when the performance obligation is fully satisfied
are included in goods or services transferred at a point in time.

- 18 -

4. Reconciliation of the difference between the total amount of reportable segments and theamount recorded in the consolidated financial statements
Net sales(Thousands of yen)
Current fiscal year

Previous fiscal year

Reportable segment total

71,791,080

72,760,661

Elimination of intersegment transactions(6,535,161)(5,673,228)

Net sales on consolidated financial statements

65,255,919

67,087,433

Profit(Thousands of yen)
Current fiscal year

Previous fiscal year

Reportable segment total

4,983,595

3,934,588

Inventory adjustments

10,419(94,350)

Other adjustments

1,257

15,866

4,995,273

3,856,104

Operating profit on consolidated financial statements

Assets(Thousands of yen)
Current fiscal year

Previous fiscal year

Reportable segment total

100,054,513

115,899,083

Elimination of intersegment transactions(7,259,617)(16,413,183)

Total assets on consolidated financial statements

92,794,895

99,485,900

Reportable segment total(Thousands of yen)Amount recorded inconsolidated financial
statements

Adjustments

Other items
Previous
fiscal year

Current fiscal
year

Previous
fiscal year

Current fiscal
year

Previous
fiscal year

Current fiscal
year

Depreciation

1,446,621

1,471,279––

1,446,621

1,471,279

Increase in property,
plant and equipment andintangible assets

3,160,102

1,464,615––

3,160,102

1,464,615- 19 -

(Per share information)(Yen)
Previous fiscal year
(from April 1, 2020
to March 31, 2021)
Net assets per share

Current fiscal year
(from April 1, 2021
to March 31, 2022)

4,961.79

5,248.03

Basic earnings per share

392.70258.42

Diluted earnings per share392.21

258.33(Notes) 1. The basis for calculating basic earnings per share and diluted earnings per share is as follows.
Previous fiscal year
(from April 1, 2020
to March 31, 2021)

Current fiscal year
(from April 1, 2021
to March 31, 2022)

Basic earnings per share
Profit attributable to owners of parent (thousand yen)

4,075,964

2,682,267

Amount not attributable to common shareholders(thousand yen)––

Profit attributable to owners of parent related tocommon stock (thousand yen)

4,075,964

2,682,267

Average number of shares of common stock during
the period (shares)

10,379,403

10,379,559––

12,983

3,526(12,983)(3,526)––

Diluted earnings per share
Adjusted profit attributable to owners of parent(thousand yen)
Increase in common stock (shares)(of which, share acquisition rights (shares))
Summary of potential shares not included in thecalculation of diluted earnings per share due to theabsence of dilutive effects

2. As described in “Changes in accounting policies,” the Company has applied the “Accounting Standard for
Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant ASBJ regulations andfollowed the transitional treatment prescribed in the proviso of paragraph 84 of the Accounting Standard for
Revenue Recognition. As a result, net assets per share, basic earnings per share and diluted earnings per
share for the current fiscal year increased by ¥150.93, ¥111.10 and ¥111.06, respectively.
3. The Company’s shares held by the trust account of the stock delivery trust for officers are included intreasury shares deducted from the total number of shares issued and outstanding at the end of the fiscal year
for the purpose of calculating net assets per share (64 thousand shares for the current fiscal year).
In the calculation of basic earnings per share and diluted earnings per share, these shares are included intreasury shares that are deducted from the average number of shares during the period (64 thousand sharesfor the current fiscal year).

(Significant subsequent events)
Not applicable.

- 20 -

Supplementary material
Production, orders and sales(1) Production results
The table below shows production results by segment in the current fiscal year.
Current fiscal year
(from April 1, 2021
to March 31, 2022)

Name of segment

YoY (%)

Japan (thousand yen)

60,985,403–

Asia (thousand yen)

7,259,973–

North America (thousand yen)

3,421,290–

834,354–

72,501,021–

Europe (thousand yen)
Total (thousand yen)

The table below shows production results by business segment in the current fiscal year.
Current fiscal year
(from April 1, 2021
to March 31, 2022)

Name of business segment

YoY (%)

Automobile-related production equipment business(thousand yen)

26,525,566–

Semiconductor-related production equipment business(thousand yen)

34,727,898–

Home appliance-related and other production equipment
business (thousand yen)

9,177,049–

Others (thousand yen)

2,070,507–

72,501,021–

Total (thousand yen)

(Notes) 1. Amounts are based on selling prices and manufacturing costs before intersegment transfers.
2. The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March
31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for thecurrent fiscal year is the figure after applying the accounting standard and relevant ASBJ regulations. The
percentage of year-on-year change is not shown.

(2) Orders received
The table below shows orders received by segment in the current fiscal year.
Name of segment

Orders received

YoY (%)

Order backlog

YoY (%)

Japan (thousand yen)

73,440,663–

37,193,872–

Asia (thousand yen)

8,586,017–

5,237,426–

North America (thousand yen)

3,360,760–

3,235,160–

Europe (thousand yen)

1,721,367–

1,024,061–

87,108,808–

46,690,521–

Total (thousand yen)- 21 -

The table below shows orders received by business segment in the current fiscal year.
Name of business segment

Orders received

YoY (%)

Automobile-related production equipment business(thousand yen)

36,405,067–

23,775,783–

Semiconductor-related production equipment
business (thousand yen)

39,005,371–

18,304,493–

Home appliance-related and other production
equipment business (thousand yen)

9,634,284–

4,206,181–

2,064,084–

404,061–

87,108,808–

46,690,521–

Others (thousand yen)
Total (thousand yen)Order backlog

YoY (%)(Notes) 1. Amounts are based on selling prices.
2. The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March
31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for thecurrent fiscal year is the figure after applying the accounting standard and relevant ASBJ regulations. The
percentage of year-on-year change is not shown.

(3) Sales results
The table below shows sales results by segment in the current fiscal year.
Current fiscal year
(from April 1, 2021
to March 31, 2022)

Name of segment

YoY (%)

Japan (thousand yen)

56,635,853–

Asia (thousand yen)

6,364,221–

North America (thousand yen)

3,169,037–

918,320–

67,087,433–

Europe (thousand yen)
Total (thousand yen)

The table below shows sales results by business segment in the current fiscal year.
Current fiscal year
(from April 1, 2021
to March 31, 2022)

Name of business segment

YoY (%)

Automobile-related production equipment business(thousand yen)

26,109,551–

Semiconductor-related production equipment business(thousand yen)

30,125,375–

Home appliance-related and other production equipment
business (thousand yen)

8,806,110–

Others (thousand yen)

2,046,396–

67,087,433–

Total (thousand yen)

(Notes) 1. Intersegment transactions are offset and eliminated.
2. The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March
31, 2020) and relevant ASBJ regulations from the beginning of the current fiscal year, and each figure for thecurrent fiscal year is the figure after applying the accounting standard and relevant ASBJ regulations. The
percentage of year-on-year change is not shown.

- 22 -

4. Non-consolidated financial statements and major notes(1) Non-consolidated balance sheet(Thousands of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Contract assets
Work in process
Raw materials and supplies
Advance payments to suppliers
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Structures
Machinery and equipment
VehiclesTools, furniture and fixtures
Land
Construction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital of subsidiaries andassociates
Distressed receivables
Prepaid pension costs
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 23 -

As of March 31, 2022

5,666,840
164,255
6,164,382
31,234,559–
4,584,454
362,943
316,829
1,820,563
50,314,828

3,844,499
65,294
5,732,780
5,581,585
29,057,222
7,005,079
624,038
215,066
1,369,698
53,495,265

8,939,256
549,673
1,469,458
30,530550,648
9,306,962
106,298
20,952,829

8,888,564
521,521
1,259,062
22,913484,853
9,306,962
575,947
21,059,825

25,781
250,046
10,893286,72125,781
199,856
10,893
236,5312,307,884
2,289,697

2,026,964
2,289,697

1,374,619

1,374,619

32,8403,046,858
197,704
295,273(217,292)
9,327,587
30,567,138
80,881,967–
3,768,090–
291,168(182,934)
9,567,607
30,863,964
84,359,229

(Thousands of yen)
As of March 31, 2021
Liabilities
Current liabilities
Electronically recorded obligations - operating
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Advances received
Deposits received
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders’ equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets- 24 -

As of March 31, 2022

5,342,804
4,272,749
3,400,000
3,677,800
599,0442,543,256
658,018–
71,05094,774

2,252,615
4,659,408
8,500,000
5,635,328
836,588
2,198,845
538,275
254,869–
81,189144,441

98,297

121,000
193,396
347,478
21,465,815

118,000
336,746
526,942
26,037,106

11,616,500

9,605,674–

71,170–2,077,511
866,363
14,560,374
36,026,190

32,092
2,077,511
699,392
12,485,840
38,522,946

2,633,962

2,633,962

2,219,962
12,011,743
14,231,706

2,219,962
12,003,772
14,223,735

246,000

246,000

5,500,000
19,524,973
25,270,973(2,474,312)
39,662,329

5,500,000
20,906,895
26,652,895(2,452,359)
41,058,234

646,515(101,181)
4,543,663
5,088,998
104,449
44,855,776
80,881,967

444,209(238,178)
4,543,663
4,749,694
28,35345,836,283
84,359,229

(2) Non-consolidated statement of income(Thousands of yen)
Fiscal year ended
March 31, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commitment fees
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit- 25 -

Fiscal year ended
March 31, 2022

52,699,262
43,011,729
9,687,533
5,293,342
4,394,191

54,220,393
46,075,508
8,144,884
5,165,574
2,979,310

575,430
17,588109,269
702,287

159,667
256,882
158,024574,575

59,732
39,52018,002
15,513
132,769
4,963,710

59,34021,796
8,516
12,256
101,9093,451,976

346
346

439
439

3,619
3,352
6,971
4,957,085
1,072,134
158,893
1,231,027
3,726,057

36,569–36,5693,415,846
940,117357,391
1,297,508
2,118,337

(3) Non-consolidated statement of changes in equity
Previous fiscal year (from April 1, 2020 to March 31, 2021)(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Share capital

Balance at beginning of period

2,633,962

Legal capitalsurplus

Other capitalsurplus

Total capital Legal retained
surplusearnings

2,219,962

12,008,072

14,228,034

Cumulative effects ofchanges in accounting
policies
Restated balance

246,000

Generalreserve

Retainedearnings
brought
forward

Total retained
earnings

5,500,000

16,214,102

21,960,102–
2,633,962

2,219,962

12,008,072

14,228,034–
246,000

5,500,000

16,214,102

21,960,102

Changes during period
Dividends of surplus–(415,186)(415,186)

Profit–3,726,057

3,726,057

Purchase of treasury shares––

Disposal of treasury shares

–

–

3,671

–

–

–

–

–

Gain on disposal of treasury
shares
Reversal of revaluation
reserve for land

3,671

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

3,671

3,671

–

–

3,310,870

3,310,870

2,633,962

2,219,962

12,011,743

14,231,706

246,000

5,500,000

19,524,973

25,270,973- 26 -

Shareholders’ equity

Valuation and translation adjustments

Total
Treasury shares shareholders’equityBalance at beginning of period(2,478,433)

Cumulative effects ofchanges in accounting
policies
Restated balance

36,343,666

Valuationdifference
on availablefor-salesecurities

Deferred
gains orlosses onhedges

Revaluation
reserve for
land

Total
valuationandtranslation
adjustments

ShareacquisitionrightsTotal net assets

388,096

21,4894,543,663

4,953,249

92,921

41,389,837–(2,478,433)

36,343,666–
388,096

21,4894,543,663

4,953,249–
92,921

41,389,837

Changes during period
Dividends of surplus(415,186)–(415,186)

Profit3,726,057–

3,726,057

Purchase of treasury shares

(478)

(478)

–

(478)

Disposal of treasury shares

4,599

4,599

–

4,599

3,671

–

3,671

–

–

–

Gain on disposal of treasury
shares
Reversal of revaluation
reserve for land
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period–

258,419(122,670)–

135,748

11,527

147,276

4,120

3,318,663

258,419(122,670)–

135,748

11,527

3,465,939(2,474,312)

39,662,329

646,515(101,181)

4,543,663

5,088,998

104,449

44,855,776- 27 -

Current fiscal year (from April 1, 2021 to March 31, 2022)(Thousands of yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Share capital

Balance at beginning of period

2,633,962

Legal capitalsurplus

Other capitalsurplus

Total capital Legal retained
surplusearnings

2,219,962

12,011,743

14,231,706

Cumulative effects ofchanges in accounting
policies
Restated balance

246,000

Generalreserve

Retainedearnings
brought
forward

Total retained
earnings

5,500,000

19,524,973

25,270,973(61,695)(61,695)

19,463,277

25,209,277–
2,633,962

2,219,962

12,011,743

14,231,706

246,000

5,500,000

Changes during period
Dividends of surplus–(674,719)(674,719)

Profit–2,118,337

2,118,337

Purchase of treasury shares––

Disposal of treasury shares––(7,970)

–

–

–

–

–

Gain on disposal of treasury
shares
Reversal of revaluation
reserve for land

(7,970)Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period––(7,970)(7,970)––1,443,618

1,443,618

2,633,962

2,219,962

12,003,772

14,223,735

246,000

5,500,000

20,906,895

26,652,895- 28 -

Shareholders’ equity

Valuation and translation adjustments

Total
Treasury shares shareholders’equityBalance at beginning of period(2,474,312)

Cumulative effects ofchanges in accounting
policies
Restated balance

39,662,329

Valuationdifference
on availablefor-salesecurities

Deferred
gains orlosses onhedges

Revaluation
reserve for
land

Total
valuationandtranslation
adjustments

ShareacquisitionrightsTotal net assets

646,515(101,181)

4,543,663

5,088,998

104,449

44,855,776(61,695)(2,474,312)

39,600,633

4,137
646,515(97,043)

4,137
4,543,663

5,093,135(57,558)
104,449

44,798,218

Changes during period
Dividends of surplus(674,719)–(674,719)

Profit2,118,337–

2,118,337

Purchase of treasury shares(411,040)(411,040)–(411,040)

Disposal of treasury shares

432,993432,993–432,993(7,970)–(7,970)–––Gain on disposal of treasury
shares
Reversal of revaluation
reserve for land
Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period–(202,306)(141,134)–(343,441)(76,095)(419,536)

21,953

1,457,601(202,306)(141,134)–(343,441)(76,095)

1,038,064(2,452,359)

41,058,234

444,209(238,178)

4,543,663

4,749,694

28,35345,836,283- 29 -

(4) Notes on non-consolidated financial statements(Notes on going concern assumption)
Not applicable.

- 30 -