Summary of Consolidated Financial Statements
for Fiscal Year Ended March 31, 2020 (Japan GAAP)May 11, 2020
Listed Exchanges: TSE
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.
Code:
4028
URL http://www.iskweb.co.jp
Representative:(Title) Executive Director President (Name) Kenichi Tanaka
Contact:(Title) Director(Name) Yasunobu Kawazoe
Tel +81-6-6444-1850
Scheduled date of a general meeting of shareholders: June 25, 2020
Scheduled date of dividend payment: June 26, 2020
Scheduled date of securities report submission: June 26, 2020
(Any amount less than one million yen is rounded down to the nearest million yen or nil.)
1. Consolidated Financial Results for Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results(Percentages represent changes from same period in previous year.)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
millions of yen% millions of yen% millions of yen% millions of yen%
FY ended March 31, 2020
101,066
-5.0
6,188
-45.6
5,345
-52.0
2,359 -72.8
FY ended March 31, 2019
106,441-1.4
11,372
13.5
11,14432.4
8,683 152.2(Reference) Comprehensive income
FY ended March 31, 2020: 1,819million yen (-77.8%), FY ended March 31, 2019: 8,201million yen (96.9%)
Net income per Net income per share
Ratio of ordinary
Ratio of operating
Return on equity
share
after full dilution
income to total assets income to net sales
Yen
Yen
%
%
%
FY ended March 31, 2020
59.03
3.1
3.1
6.1

FY ended March 31, 2019217.25
12.2
6.8
10.7

(Reference) Equity in earnings (losses) of affiliates:
FY ended March 31, 2020: 214million yen, FY ended March 31, 2019: 393million yen(2) Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
millions of yen
Millions of yen%
Yen
FY ended March 31, 2020
172,437
76,66944.5
1,918.63
FY ended March 31, 2019
168,689
75,33544.7
1,885.00(Reference) Equity capital: FY ended March 31, 2020: 76,669 million yen, FY ended March 31, 2019 月:75,335 million yen(3) Consolidated Cash Flows
Cash flow from operating Cash flow from investing Cash flow from financing Balance of cash and cash
activities
activities
activities
equivalents at period end
millions of yen
millions of yen
millions of yen
millions of yen
FY ended March 31, 2020
3,317
-6,922552
20,925
FY ended March 31, 2019
4,907
-8,590-2,47523,983

2. Dividends
Dividends per share(Record date)June 30(Q1-end)

September 30(Q2-end)December 31(Q3-end)

Yen

Yen

Yen
Year ended March 31, 2019Year ended March 31, 2020
Year ending March 31, 2021
(Forecast)March 31
(Year-end)

Yen

Total
Dividend
dividends paid payout ratio
Annual(annual)(consolidated)

Yen




0.00
0.00




12.00
20.00

12.00
20.00



0.00



12.00

12.00

millions of
yen
479
799

Ratio ofdividends to
net assets(consolidated)

%
5.5
33.9

%
0.7
1.1

15.5

(Reference) The fisical year-end dividend per share for the year ended March 31,2020 consists of 12.00 yen for ordinary dividend and8.00 yen for 100th anniversary commemorative dividend.

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-1-3. Forecast for Consolidated Results for the Full Year Ending March 31, 2021 (April 1, 2020 - March 31, 2021)(Percentages represent forecasted changes from the previous year for the full year results, andforecasted changes from the same period in the previous year for the interim results.)

Net salesInterim (First 2Qs)
Full year

millionsof yen51,000103,000

Operating income
%
-1.9
1.9

millionsof yen500
4,900

Profit attributable toEarnings per shareowners of parent
millions%%Yenof yen
-78.1
-300
-7.50

-12.1
3,100
31.4
77.57

Ordinary income
%

-81.5
-20.8

millionsof yen400
4,700

4. Other information(1) Significant changes in subsidiaries during the period(changes in specified subsidiaries resulting in the change in consolidation scope): Change(2) Changes in accounting principles, procedures, and the method of presentation
1) Changes due to revisions of accounting standards etc.
: Adopted
2) Changes other than those defined in 1) above: Not adopted
3) Changes in accounting estimates: Not adopted
4) Restatement: Not adopted(3) Issued shares (common shares)
1) Number of shares outstanding at the end of the period (including repurchased treasury shares)
FY ended March 31, 2020: 40,383,943 shares
FY ended March 31, 2019: 40,383,943 shares
2) Number of treasury shares at the end of the period
FY ended March 31, 2020:423,188 shares
FY ended March 31, 2019:418,453 shares
3) Average number of shares during the period
FY ended March 31, 2020:39,963,025 shares
FY ended March 31, 2019: 39,967,157 shares(Reference) Summary of Non-Consolidated Operating Results
1. Non-Consolidated Financial Results for Fiscal Year Ended March 31, 2020 (April 1, 2019 to March 31, 2020)(1) Non-Consolidated Operating Results(Percentages represent changes from same period in previous year.)Net sales
Operating income
Ordinary income
Net income
millions of yen% millions of yen% millions of yen% millions of yen%
FY ended March 31, 2020
81,317
-1.1
4,779
-44.7
4,034
-55.7
2,556 -67.0
FY ended March 31, 201982,191
1.1
8,639
-8.6
9,115
15.6
7,744 147.8
Net income per shareafter full dilution
Yen
Yen
63.96

193.76
Net income per share
FY ended March 31, 2020
FY ended March 31, 2019(2) Non-Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
millions of yen
millions of yen%
Yen
FY ended March 31, 2020
147,11765,64744.6
1,642.78
FY ended March 31, 2019
147,380
64,47043.7
1,613.14(Reference) Equity capital: FY ended March 31, 2020: 65,647 million yen, FY ended March 31, 2019: 64,470 million yen*This financial results release is not subject to certified public accountants or auditing firm.
* Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management’s assessment based upon currently available assumptions,prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as theglobal economy, competition, and foreign currency fluctuations.

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-2-

5. Consolidated Financial Statements(1) Consolidated Balance Sheet
Account Category

Previous consolidated FY(March 31, 2019 )(Unit: millions of yen)
Current consolidated FY(March 31, 2020)

ASSETS
Current Assets
Cash and deposits
Notes and accounts receivable – trade23,98333,897

20,92532,059Merchandise and finished goods

25,216

32,664Work in process
Raw materials and supplies

5,976
15,5906,047
15,044

Other
Allowance for doubtful accounts

2,883
-468

4,683
-1,060107,080

110,324

Total current assets
Noncurrent Assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

39,58339,904-24,970-25,219

Buildings and structures, net

14,612

14,685

Machinery, equipment and vehicles
Accumulated depreciation

111,576-93,829

111,047-93,371

17,746

17,676

Land

5,399

5,373

Leased assets
Accumulated depreciation

2,614-1,636

2,675-1,608

Leased assets, net

978

1,067

Construction in progress

3,683

6,632

Other
Accumulated depreciation

3,882-3,135

3,922-3,086

Machinery,equipment and vechicles, net

Other, net

746

836

43,167

46,271Intangible asset
Leased assets

12

8

Other

358

461

Total intangible assets

370

470

Investments and other assets
Investment securities

7,018

5,932

Deferred tax assets

9,604

8,427

Net defined benefit asset
Other

11
1,547

9
1,085

Total property, plant and equipment

Allowance for doubtful accounts

-110

-84

Total investments and other assets

18,071

15,371

Total non-current assets

61,60962,112

Total Assets

168,689

172,437* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-3-

Previous consolidated FY(March 31, 2019)

Current consolidated FY(March 31, 2020)

15,392

17,4338,000
10,102

7,932
7,937

390

684

450
731

467
371

4,546

4,359

733
34

667
24

83

34

Other

―
4,246

382
3,444

Total current liabilities

44,712

43,737

1,620
25,697

3,036
28,053

616

686

2,877
150

2,052

Account Category
LIABILITIESCurrent Liabilities
Notes and accounts payable – trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds
Lease obligations
Income taxes payable
Accrued expenses
Provision for bonuses
Provision for sales returns
Provision for environment and safety improvement
Provision for repairs

Non-current Liabilities
Bonds payable
Long-term loans payable
Lease obligations
Provision for environment and safety improvement
Provision for repairs
Net defined benefit liability
Asset retirement obligations

12,881―
12,884

709
662

682
399

Liabilities from application of equity method
Other

3,426

4,234

Total non-current liabilities

48,64252,02993,354

95,767

Capital stock
Capital surplus

43,42043,42010,627

10,627Retained earnings
Treasury shares

23,419-722

25,298-727

Total shareholders’ equity

76,74478,618477-1,443-429-1,216

Total Liabilities
NET ASSETS
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income

-442

-302

-1,408-1,948

Total net assets

75,33576,669Total Liabilities and Net Assets

168,689

172,437* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-4-

(2) Consolidated Statements of Income

Account Category
Net sales

Previous consolidated FY(April 1, 2018 toMarch 31, 2019)
106,441(Unit: millions of yen)
Current consolidated FY(April 1, 2019 toMarch 31, 2020)
101,066

Cost of sales

70,667

69,991Gross profit

35,77331,074

Selling, general and administrative expenses

24,401

24,886

Operating income

11,372

6,188

Interest income
Dividend income

49
109

56
286

Share of profit of entities accounted for using equity method

393

214

Foreign exchange gains
Commission fee

141
120



Gain on sales of raw materials

74

92

Other

269

247

1,158

899

Interest expenses

717

609

Financial fee
Foreign exchange losses

388

274
489

Non-operating income

Total non-operating income

Non-operating expenses



Other
Total non-operating expenses
Ordinary income
Extraordinary income

280

368

1,386

1,742

11,144

5,345

Gain on sales of non-current assets

181

Gain on insurance adjustment

62

193

Total extraordinary income

244

193

Loss on disposal of non-current assets

729

607

Loss on disaster
Impairment loss

310
120

419

Loss on liquidation of subsidiaries and associates



334

Other



81

Total extraordinary losses

1,160

1,443

Income before income taxes

10,228

4,095

Income taxes – current

1,390

457

Extraordinary losses

Income taxes – deferred



154

1,278

Total income taxes

1,544

1,736

Net income

8,683

2,359

Profit attributable to owners of parent

8,683

2,359

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-5-

(Consolidated Comprehensive Income Statement)
Previous consolidated FY(April 1, 2018 toMarch 31, 2019)
8,683(Unit: millions of yen)
Current consolidated FY(April 1, 2019 toMarch 31, 2020)
2,359

-191
-378

-907
166

82

139

6

60

-481

-540

Comprehensive income

8,201

1,819

(Comprehensive income attributable to)Comprehensive income attributable to owners of parent

8,201

1,819

Account Category
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-6-

(3) Statement of Changes in Net Assets
Previous consolidated FY (April 1, 2018 to March 31, 2019)(Unit: millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current period

Capitalsurplus43,420Retainedearnings

10,627

14,735

TreasurysharesTotal shareholders'equity-719

68,064

Changes of items during period
Profit attributable to owners of parent

8,683

Purchase of treasury shares
Disposal of treasury shares

0

8,683
-3

-3

0

0

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period



0

8,683

-3

8,679

43,42010,627

23,419-722

76,744

Accumulated other comprehensive income
Valuationdifferenceonavailablefor-salesecurities
Balance at
beginning ofcurrent period

669

Deferred
gains orlosses onhedges

Foreigncurrencytranslation
adjustment

Remeasurements ofdefined benefit plans

Total
accumulated
othercomprehensive
income-1,071-524-926

Total net assets

67,137

Changes of
items during
periodProfit attributable to8,683

owners of parent
Purchase ofTreasury shares-3

Disposal oftreasury shares0

Net changesof items otherthanshareholders'equity

-191



-372

82

-481

-481

Total changesof items
during period

-191



-372

82

-481

8,197

Balance at
end of current
period477

-1,443-442-1,40875,335* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-7-

Current consolidated FY (April 1, 2019 to March 31, 2020)(Unit: millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current period

Capitalsurplus43,420Retainedearnings

10,627

23,419TreasurysharesTotal shareholders'equity-722

76,744

Changes of items during period
Dividends of surplus

-479

-479

Profit attributable to owners of parent

2,359

2,359

Purchase of treasury shares
Disposal of treasury shares

0

-5

-5

0

0

Net changes of items other thanshareholders' equity


0

1,879

-5

1,874

43,42010,62725,298-727

78,618

Total changes of items during period
Balance at end of current period

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at
beginning ofcurrent period

477

Deferred
gains orlosses onhedges

Foreigncurrencytranslation
adjustment

Remeasurements ofdefined benefit plans

Total
accumulated
othercomprehensive
income-1,443-442-1,408

Total net assets

75,335

Changes of
items during
periodDividends of surplus-479

Profit attributable toowners of parent

2,359

Purchase oftreasury shares-5

Disposal oftreasury shares0

Net changesof items otherthanshareholders'equity

-907



227

139

-540

-540

Total changesof items
during period

-907



227

139

-540

1,334

Balance at
end of current
period-429

-1,216-302-1,94876,669* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-8-

(4) Statement of Consolidated Cash Flows

Account Category(Unit: millions of yen)Previous consolidated FY Current consolidated FY(April 1, 2018 to(April 1, 2019 toMarch 31, 2019)
March 31, 2020)

Cash flows from operating activities
Income before income taxes

10,2284,095

Depreciation and amortization

4,631

4,856

Loss on disaster310

Impairment loss

120

419

Loss on liquidation of subsidiaries and associates334

Increase (decrease) in allowance for doubtful accounts

32

565

Increase (decrease) in net defined benefit liability

233

211

-0

-0

-813

-874

Increase (decrease) in other provision

-184

159

Interest and dividend income

-159

-343

Interest expenses

717

609

Foreign exchange losses (gains)

141

31

Share of (profit) loss of entities accounted for using equity
method-352-131

Loss (gain) on disposal of noncurrent assets

-20

180

Decrease (increase) in notes and accounts receivable-trade-4,385

1,696

Decrease (increase) in inventories-5,762-7,245Decrease (increase) in other current assets-732-1,228

Increase (decrease) in notes and accounts payable-trade

Increase (decrease) in provision for loss on liquidation ofsubsidiaries and associates
Increase (decrease) in provision for environment and safety
Improvement

3,456

2,387

Increase (decrease) in other current liabilities

368

-920

Other

-115

-247

Subtotal

7,715

4,556

Interest and dividends income received

154

340

Interest expenses paid

-738

-601

Proceeds from insurance income

127

302

Payments for loss on disaster

-48

-282

Income taxes paid

-2,302-997

Cash flows from operating activities

4,907

3,317

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-9-

Account Category

Previous consolidated FY(April 1, 2018 toMarch 31, 2019)(Unit: millions of yen)
Current consolidated FY(April 1, 2019 toMarch 31, 2020)

Cash flows from investing activities
Purchase of investment securities-2,898-140

Purchase of non-current assets-6,472-6,716

Proceeds from sales of non-current assets

700

107

Payments of loans receivable

-286

-353

Collection of loans receivable

359

159

6

21

-8,590-6,922-410-68

OthersCash flows from investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

15,00012,150

Repayments of long-term loans payable-15,312-11,959



2,100

-390

-390

-497
-211

-534
-261

Proceeds from issuance of bonds
Redemption of bonds
Repayments of lease obligations
Repayments of installment payables
Dividends paid
Proceeds from deposits received
Repayment of deposits payable
Net decrease (increase) in treasury shares
Cash flows from financing activities
Effect of exchange rate change on cash and cash equivalents



-479

1,001
-1,651-3-4-2,475

552

-154

-5



Net increase (decrease) in cash and cash equivalents-6,313-3,058Cash and cash equivalents at beginning of period

30,29723,983

Cash and cash equivalents at end of period

23,98320,925* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-10-

(Segment Information)
1. Business Segment Information
Previous consolidated fiscal year (April 1, 2018 to March 31, 2019)
Inorganic
Chemicals

Organic
Chemicals(Unit: millions of yen)

Other
Businesses

Total

Adjustments(Note 1)

Amount reported
on consolidated
financialstatements(Note 2)

Net sales
Sales to outside
customers

54,88347,671

3,885

106,441



106,441

Internal sales ortransfers among
segments
Total





5,538

5,538

-5,538



54,883
7,267
78,59247,671
5,903
57,745

9,424
664
3,696

111,979
13,835140,035-5,538-2,46328,654

106,441
11,372
168,689

3,229

850

48

4,129

137

4,266









120

120

6,165

914

96

7,176

62

7,239

Segment profit
Segment assets
Other elements
Depreciation/amortization expenses
Impairment loss
Increase in tangible
and intangible Fixed
Assets(Note) 1. Adjustments include the following items:(1) “Adjustments in segment profit” (−￥2,463million) includes elimination of transactions between segments (−￥119million) and corporate
expenses not allocated to reporting segments (−￥2,343million). Corporate expenses mainly comprise general expenses not allocable toreporting segments.
(2) “Adjustments in segment assets” (￥28,654million) includes offsetting of receivables and payables between segments (−￥1,141million)
and corporate assets not allocated to reporting units (￥29,796million). Corporate assets mainly comprise surplus funds (cash andsecurities), long-term investments (investment securities) and corporate assets, all held by the parent company and not allocable toreporting segments.
2. Segment profits are adjusted with the operating profit reported on the consolidated profit and loss statement.

Current consolidated fiscal year (April 1, 2019 to March 31, 2020)
Inorganic
Chemicals

Organic
Chemicals(Unit: millions of yen)
Other
Businesses

Total

Adjustments(Note 1)

Amount reported
on consolidated
financialstatements(Note 2)

Net sales
Sales to outside
customers
Internal sales ortransfers among
segments
Total
Segment profit
Segment assets
Other elements
Depreciation/amortization expenses
Impairment loss
Increase in tangible
and intangible Fixed
Assets51,527

46,174

3,364

101,066



101,066

0



5,532

5,532

-5,532



51,527
3,734
83,47846,174
4,407
60,487

8,896
585
3,851

106,599
8,726
147,817-5,532-2,53824,619101,066
6,188
172,437

3,391

849

52

4,293

152

4,445



419



419



419

6,585

1,265

53

7,903

394

8,298

(Notes) 1. Adjustments include the following items:(1) “Adjustments in segment profit” (−￥2,538million) includes elimination of transactions between segments (−￥78 million) and corporate
expenses not allocated to reporting segments (−￥2,459million). Corporate expenses mainly comprise general expenses not allocable toreporting segments.
(2) “Adjustments in segment assets” (￥24,619million) includes offsetting of receivables and payables between segments (−￥1,081million)
and corporate assets not allocated to reporting units (￥25,701million). Corporate assets mainly comprise surplus funds (cash andsecurities), long-term investments (investment securities) and corporate assets, all held by the parent company and not allocable toreporting segments.
2. Segment profits are adjusted with the operating profit reported on the consolidated profit and loss statement .

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-11-

【Related information】
Previous consolidated fiscal year (April 1, 2018 to March 31, 2019)
1. Information by product and service
Disclosure of this information is omitted since its classification is identical with the classification of reporting segments.

2. Geographical information(1) Net sales by region(Unit: millions of yen)
Japan

Asia
52,828(Notes)Americas22,930Europe14,955

Other

Total

15,466

260

106,441

1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries andregions included in each geographic segment are as follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, Singapore and India(2) Americas: United States, Canada, Brazil, Argentina, and Mexico(3) Europe: Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and Eastern Europe, plus the Middle
East(4) Other: Australia, New Zealand, and Africa(2) Tangible fixed assets(Unit: millions of yen)
Japan

Asia
42,179(Notes)Americas132

Europe

Total

826

27

43,167

1. Tangible fixed assets by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries and regions
included in each geographic segment are as follows, excluding Japan:(1) Asia: Taiwan(2) Americas: United States(3) Europe: Belgium

Current consolidated fiscal year (April 1, 2019 to March 31, 2020)
1. Information by product and service
Disclosure of this information is omitted since its classification is identical with the classification of reporting segments.

2. Geographical information(1) Net sales by region(Unit: millions of yen)
Japan

Asia
51,590(Notes)Americas20,436

Europe13,494

15,390

Other

Total
154

101,066

1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries andregions included in each geographic segment are as follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, Singapore and India(2) Americas: United States, Canada, Brazil, Argentina, and Mexico(3) Europe: Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and Eastern Europe, plus the Middle
East(4) Other: Australia, New Zealand, and Africa* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-12-

(2) Tangible fixed assets(Unit: millions of yen)
Japan

Asia
45,051(Notes)Americas148

Europe
881

Total
189

46,271

1. Tangible fixed assets by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses. Countries and regions
included in each geographic segment are as follows, excluding Japan:(1) Asia: Taiwan(2) Americas: United States(3) Europe: Belgium

・Per Share Information
Previous consolidated fiscal year
(April 1, 2018 to March 31, 2019)

Current consolidated fiscal year
(April 1, 2019 to March 31, 2020)

Net assets per share

1,885.00yen

1,918.63 yen

Net income per share217.25 yen

59.03yen(Notes) 1. Information on diluted earnings per share is not given since there are no potential ordinary shares.
2. Effective October 1, 2016, the Company consolidated its common shares at the ratio of 10 shares to 1 share.
Accordingly, net income per share have been calculated as if the said share consolidation was conducted at the
beginning of the previous fiscal year.

Basis for calculation
・Net income per share
Previous consolidated fiscal year
(April 1, 2018 to March 31, 2019)

Current consolidated fiscal year
(April 1, 2019 to March 31, 2020)

8,683

2,359

Amount not attributable to common stock(million yen)

Net income attributable to parent company
shareholders of common stock (million yen)

8,683

2,359

Average number of shares of common stockduring period (1,000 shares)

39,96739,963At end of previous consolidated FY(March 31, 2019)

At end of current consolidated FY(March 31, 2020)

75,33576,669Net assets attributable to common stock at theend of consolidated fiscal year (million yen)

75,33576,669Number of shares of common stock used as
basis for calculation of net assets per share(1,000 shares)

39,96539,960

Profit attribute to owners of parent(million yen)

Basis for calculation
・Net assets per share

Total net assets on consolidated balance sheet(million yen)Amount deducted from total net assets on
consolidated balance sheet : (million yen)

* This is an English translation of Summary originally written in Japanese and disclosed to TSE.
For official purposes, the Japanese version takes preference over this English translation-13-