)8-, .<8.2 &2㸬㸪/7'㸬

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 03, 2022
Company name: FUJI KYUKO CO., LTD.
Stock exchange listing: Tokyo
Code number: 9010
URL: https://www.fujikyu.co.jp
Representative: Koichiro Horiuchi

Representative Director and President
Director, Executive Officer, in charge of Management &Administration Department

Contact: Masao Amemiya

Phone: 0555-22-7120
Scheduled date of filing quarterly securities report: August 12, 2022
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toOperating revenues
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
June 30, 2022
9,098
22.5
30
(3)
(287)
June 30, 2021
7,430
(671)
(715)
(509)
(Note) Comprehensive income:Three months ended June 30, 2022:¥(155) million [-%]
Three months ended June 30, 2021:¥(621) million [-%]
Basic earnings
per share
Three months ended
June 30, 2022
June 30, 2021

Diluted earnings pershare
YenYen(5.41)(9.60)-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2022
March 31, 2022
(Reference) Equity:

Net assets

Million yen

99,04098,336
As of June 30, 2022:
As of March 31, 2022:

Capital adequacy ratio

Million yen¥¥

23,89524,582
23,039 million
23,731 million%

23.3
24.1)8-, .<8.2 &2㸬
㸪/7'㸬

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

---

10.00

10.00

Fiscal year ending March 31, 2023--12.00

12.00

Fiscal year ending March 31, 2023
(Forecast)Year-end

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2023 :Commemorative dividend- yenSpecial dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)

Operating revenues
Million yen(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings per
Operating profitOrdinary profit
owners of parent
share% Million yen% Million yen

Six months ended
21,52027.02,450556.4
September 30, 2022
Full year
41,64018.7
3,520362.2(Note) Revision to the financial results forecast announced most recently:% Million yen

Yen

2,270

904.2

1,150757.5

21.66

3,120
No

537.3

1,450285.2

27.31* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2022:54,884,738 shares
March 31, 2022:
54,884,738 shares2) Total number of treasury shares at the end of the period:
June 30, 2022:
1,785,505 shares
March 31, 2022:
1,785,505 shares
3) Average number of shares during the period:
Three months ended June 30, 2022:
Three months ended June 30, 2021:%

53,099,233 shares
53,099,917 shares))No)8-, .<8.2 &2㸬㸪/7'㸬

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousand yen)
As of March 31,2022

As of June 30,2022

AssetsCurrent assetsCash and deposits
Notes and accounts receivable - trade, and contract
assetsLand and buildings for sale in lots
Merchandise and finished goods

17,118,113

18,466,058

2,674,903

2,064,120

8,406,132
626,958

8,433,912
681,832

Work in process

19,58550,608Raw materials and supplies
Costs on construction contracts in progress

752,108
204,489

762,873
142,488

1,365,299

1,470,153

Other
Allowance for doubtful accounts(15,003)(12,416)

31,152,588

32,059,631

Buildings and structures, net
Machinery, equipment and vehicles, net

27,028,121
5,160,72226,936,455
5,176,662

Land

15,603,865

15,603,865

Total current assets
Non-current assets
Property, plant and equipment

Leased assets, net

2,402,554

2,138,664

Construction in progress
Other, net

3,075,206
1,767,081

3,214,841
1,734,780

Total property, plant and equipment

55,037,551

54,805,269

2,676,684

2,617,986

Intangible assets
Investments and other assets
Investment securities

6,003,800

6,151,175

Deferred tax assets
Other2,584,694
872,789

2,526,753
873,005

Allowance for doubtful accounts(24,660)(24,660)

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

9,436,624
67,150,860

9,526,274
66,949,529

Bond issuance costs

32,811

31,588

Total deferred assets
Total assets

32,811
98,336,260

31,58899,040,749)8-, .<8.2 &2㸬
㸪/7'㸬(Thousand yen)
As of March 31,2022

As of June 30,2022

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
OtherTotal current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Provision for share awards for directors (and otherofficers)
Other

1,698,770
9,115,348
989,802248,377
345,462

1,647,823
10,782,023
917,737
77,757
108,930

6,500-

3,657,540
16,061,802

4,961,661
18,495,934

5,000,000
44,992,446
1,751,265
26,6535,000,000
44,362,054
1,532,354
26,391

927,396856,691

20,906

15,427

4,972,848

4,856,619

57,691,516
73,753,318

56,649,539
75,145,473

Share capital
Capital surplus

9,126,343
3,688,469

9,126,343
3,688,469

Retained earnings

12,025,846

11,208,361

Treasury shares
Total shareholders' equity(1,548,415)
23,292,243(1,548,415)
22,474,759

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans

749,533

847,199(310,697)(282,307)

Total accumulated other comprehensive income
Non-controlling interests

438,836
851,861

564,892
855,624

24,582,941

23,895,276

98,336,260

99,040,749

Total net assets
Total liabilities and net assets)8-, .<8.2 &2㸬㸪/7'㸬

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousand yen)
For the three months
ended June 30,2021
Operating revenue

For the three months
ended June 30,2022

7,430,222

9,098,683

7,787,390
314,742

8,777,301
291,084

8,102,133(671,911)

9,068,385
30,29846,88954,068

4,220

7,767

Operating expenses
Operating expenses and cost of sales of transportation
Selling, general and administrative expenses
Total operating expenses
Operating profit (loss)
Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity
methodMiscellaneous income

52,61738,287

Total non-operating income
Non-operating expenses
Interest expenses

103,726

100,123

113,105

109,825

Miscellaneous expenses

33,974

23,625

Total non-operating expenses
Ordinary loss

147,079(715,264)

133,450(3,028)Extraordinary income
Gain on sale of non-current assets

25,118990

Subsidies
Subsidies for employment adjustment

55,931
324,512

17,05023,924

Total extraordinary income

405,562

41,965-

2,595

15,227-34,8791,532

97,489250,115

238,370
385,966(695,668)

17,598271,842(232,906)

Income taxes - current

43,48250,010

Income taxes - deferred
Total income taxes(221,075)(177,592)(81)
49,929Loss(518,075)(282,835)

Profit (loss) attributable to non-controlling interests
Loss attributable to owners of parent(8,149)(509,926)

4,176(287,012)

Extraordinary losses
Loss on valuation of investment securities
Loss on sale of non-current assets
Loss on tax purpose reduction entry of non-currentassets
Loss on retirement of non-current assets
Allowance for absence from work
Total extraordinary losses
Loss before income taxes)8-, .<8.2 &2㸬㸪/7'㸬

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousand yen)
For the three months
ended June 30,2021
Loss
Other comprehensive income

For the three months
ended June 30,2022(518,075)(282,835)

Valuation difference on available-for-sale securities(105,403)

101,250

Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

16,37828,390(14,069)(2,790)(103,094)(621,169)

126,850(155,984)(612,535)(160,956)(8,633)

4,971