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 Non-Consolidated Financial Results
for the Three Months Ended October 31, 2022
(Based on Japanese GAAP)
December 9, 2022
Company name:Samco Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

6387
URL
President & COO

https://www.samco.co.jp

Inquiries:

Director, Executive Officer, Accounting andShozo MiyamotoAdministration

Tsukasa Kawabe
TEL

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

December 12, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo075-621-7841(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended October 31, 2022 (from August 1, 2022 to October 31, 2022)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changesNet sales
Three months ended October 31, 2022
Three months ended October 31, 2021

Operating profit

Millions of yen
1,427
1,085

Ordinary profit

Profit% Millions of yen% Millions of yen% Millions of yen%
31.5
253 377.3
303 329.0
216 347.9
50.6
53
–
70
–
48
–

Earnings per share

Diluted earnings per share

Yen
26.92
6.01

Three months ended October 31, 2022
Three months ended October 31, 2021

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
13,36913,379As of October 31, 2022As of July 31, 2022

Equity ratio

Millions of yen
9,972
10,057

Net assets per share
%
74.6
75.2

Yen
1,241.52
1,252.06

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
35.00

Yen
35.00

0.00

–

35.00

35.00

Year ended July 31, 2022
Year ending July 31, 2023
Year ending July 31, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2023 (from August 1, 2022 to July 31, 2023)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
January 31, 2023
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%

Yen

3,840

31.9

830

58.7

810

47.6

550

44.1

68.47

7,700

20.3

1,620

18.1

1,580

6.7

1,080

2.6

134.451

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of October 31, 2022

8,042,881 shares As of July 31, 2022

8,042,881 shares

10,168 shares As of July 31, 2022

10,128 shares

Number of treasury shares at the end of the period
As of October 31, 2022

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended October 31, 2022

8,032,733 shares Three months ended October 31, 2021

2

8,032,773 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2022

As of October 31, 2022

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

5,826,790
11,4294,845,452
2,162Electronically recorded monetary claims - operating
Trade receivables and contract asset

57,931
1,313,788

99,871
1,772,985

Finished goods
Work in process

7,974
1,268,297–
1,703,821

Raw materials and supplies
Prepaid expenses

308,935
12,522354,954
16,718

Other
Allowance for doubtful accounts

32,919(141)

53,828(190)

8,840,448

8,849,602

Total current assets3

(Thousands of yen)
As of July 31, 2022

As of October 31, 2022

Non-current assets
Property, plant and equipment
Buildings

1,099,671

1,110,007

Accumulated depreciation(798,686)(805,061)

Buildings, net

300,985304,946

27,10027,100(24,908)(24,954)

2,191

2,145

Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net

764,976766,614(732,673)(736,834)

32,302

29,77955,02455,024(51,251)(51,565)

3,773

3,458

Tools, furniture and fixtures

243,062

245,364

Accumulated depreciation(224,898)(226,516)

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation

18,164

18,8483,453,567

3,453,567

50,790(49,780)

50,790(50,314)

Leased assets, net

1,009

475

Construction in progress

3,869

2,409

3,815,865

3,815,630

Telephone subscription right
Right to use water facilities

2,962
143

2,962
72

Leased assets

1,828

1,161

Total intangible assets

4,934

4,197

290,122
25,207

262,646
25,207

5,000

5,000

Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital
Long-term loans receivable from subsidiaries andassociatesDeferred tax assets

19,044

17,846

121,990

130,652

Guarantee deposits
Insurance funds

76,823179,066

78,296
179,066

1,138

1,101

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

4718,392

699,816

4,539,192

4,519,644

13,379,640

13,369,247

(Thousands of yen)
As of July 31, 2022

As of October 31, 2022

Liabilities
Current liabilities
Accounts payable - trade779,591

993,986

Short-term borrowings
Current portion of long-term borrowings

700,000
39,996700,000
39,996

Lease liabilities
Accounts payable - other

2,838
110,224

1,637
131,955

Accrued expenses
Income taxes payable

38,697258,20341,46998,831

Contract liabilities
Deposits received

217,378
35,443

250,598
52,108Provision for bonuses
Provision for bonuses for directors (and other officers)

23,70030,00054,5793,088

Provision for product warranties
Other

15,40062,766

16,90014,000Total current liabilities

2,314,240

2,399,151

Non-current liabilities
Long-term borrowings

143,339

133,340

479,575

476,539

384,954387,369

Provision for retirement benefitsProvision for retirement benefits for directors (and otherofficers)
Total non-current liabilities

1,007,868

997,248

3,322,108

3,396,399

1,663,687

1,663,687

Legal capital surplus

2,079,487

2,079,487

Total capital surplus

2,079,487

2,079,487

59,50059,5004,367,000
1,752,437

4,367,000
1,687,603

6,178,937

6,114,103(12,238)(12,377)

9,909,873

9,844,900

Valuation difference on available-for-sale securities

147,658

127,947

Total valuation and translation adjustments

147,658

127,947

Total liabilities
Net assets
Shareholders' equity
Share capital
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

Total net assets
Total liabilities and net assets

5

10,057,532

9,972,848

13,379,640

13,369,247

Non-consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

October 31, 2021

October 31, 2022

Net sales
Cost of sales

1,085,596594,749

1,427,552
700,285

Gross profit

490,846727,267

Selling, general and administrative expenses

437,776

473,988

Operating profit

53,069253,278

Interest income
Foreign exchange gains

146
14,16790
45,354

Rental income
Miscellaneous income

3,007
1,350

3,034
3,227

Total non-operating income

18,67251,708909

1,094

Non-operating income

Non-operating expenses
Interest expenses
Loss on retirement of non-current assets

–0909

1,094

Ordinary profit

70,833303,892

Profit before income taxes

70,833303,892

Income taxes

22,541

87,580

Profit48,292

216,312

Total non-operating expenses

6