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 June 30, 2022
(Based on Japanese GAAP)
August 10, 2022
Company name:ICHIKEN Co., Ltd.

Stock exchange listing: Tokyo
Stock code:
1847
Representative:
Inquiries:

URL

http://www.ichiken.co.jp

Representative Director & President
General Manager ofHiroyuki Hasegawa
Masanobu Kato

Finance & Accounting Dept.
Scheduled date to file Quarterly Securities Report:

TEL

03-5931-5642

August 10, 2022

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changesNet sales
Three months ended June 30, 2022
Three months ended June 30, 2021

Millions of yen
22,98317,362

Operating profit% Millions of yen
32.4
1,033
(14.1)
1,268

Earnings per share

Ordinary profit% Millions of yen(18.5)
1,029
91.7
1,267

%
(22.2)
97.5

Diluted earnings per share

Yen
95.45
122.75Three months ended June 30, 2022
Three months ended June 30, 2021

Profit% Millions of yen(18.8)
692
93.7
890

Yen
95.09
122.22(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
56,28057,617

As of June 30, 2022
As of March 31, 2022

Equity ratio

Millions of yen
26,772
26,798

%
47.5
46.5

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
100.00Yen
100.00

40.00

–

60.00

100.00Year ended March 31, 2022
Year ending March 31, 2023
Year ending March 31, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2022
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%Yen

44,00016.1

2,100(8.4)

2,050(10.3)

1,400(17.5)

192.9090,0007.4

4,440(5.0)

4,340(6.4)

3,000

0.5

413.361

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

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

7,282,400 shares As of March 31, 2022

7,282,400 shares

24,751 shares As of March 31, 2022

24,651 shares

Number of treasury shares at the end of the period
As of June 30, 2022

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

7,257,662 shares Three months ended June 30, 2021

27,254,014 shares

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

As of June 30, 2022

AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts and other
Electronically recorded monetary claims - operating
Real estate for sale11,657

17,05930,85021,410

2,284
2,216

4,660
2,207

Costs on construction contracts in progress
Other919
403

925
500

Allowance for doubtful accounts

(6)

(5)

48,32446,758Property, plant and equipment
Intangible assets

5,894
127

5,868
120

Investments and other assets
Other

Total current assets
Non-current assets

3,271

3,533

Allowance for doubtful accounts

(0)

(0)

Total investments and other assets

3,270

3,533

9,292

9,521

57,61756,280Total non-current assets
Total assets

3(Millions of yen)
As of March 31, 2022

As of June 30, 2022

Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
Electronically recorded obligations - operating

11,751
6,319

9,400
7,857

Short-term borrowings
Income taxes payable

1,534
875

1,393
443

Advances received on construction contracts in progress
Provision for warranties for completed construction

2,289
133

2,333
177

144
569

171
106

Provision for loss on construction contracts
Provision for bonuses
Other
Total current liabilities

996

1,629

24,61323,513

4,363
1,543

4,110
1,562

Non-current liabilities
Long-term borrowings
Provision for retirement benefits
Other299

320

6,206

5,993

30,81929,507

Shareholders' equity
Share capital

4,329

4,329

Capital surplus
Retained earnings

214
21,939214
21,906(26)(26)

26,456

26,423

Valuation difference on available-for-sale securities

318

326

Total valuation and translation adjustments

318

326

2222

26,79826,772

57,61756,280Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

4Non-consolidated statements of income (cumulative)

Net sales
Cost of sales

Three months ended
June 30, 2021
17,362
15,363(Millions of yen)Three months ended
June 30, 2022
22,983
21,223Gross profit

1,999

1,760

731

726

1,268

1,033

Interest income
Dividend income

014

014

Reversal of allowance for doubtful accounts
Other–
712

Total non-operating income

Selling, general and administrative expenses
Operating profit
Non-operating income

2117

Non-operating expenses
Interest expenses

20

19

Commission expenses
Other101022

21

Ordinary profit

Total non-operating expenses

1,267

1,029

Profit before income taxes

1,267

1,029

405

448

Income taxes - deferred

(27)

(111)

Total income taxes

377

336

Profit890

692

Income taxes - current

5