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 Consolidated Financial Results
for the Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
February 10, 2023
Company name:

Kisoji Co.,Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:
8160
URL
Representative:
Inquiries:

https://www.kisoji.co.jp/

Representative Director and President
Accounting Manager

Toyonaru Uchida
Akihiro Toya

TEL

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

February 13, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo052-872-1811(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2022
33,13222.6(1,133)–(1,092)–(1,288)–
Nine months ended December 31, 2021
27,019–(2,946)
–
1,115
–
829
–
Earnings per share

Diluted earnings per share

Yen(46.06)32.32

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen–
32.19

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
48,75047,898

As of December 31, 2022
As of March 31, 2022

Equity ratio

Millions of yen
27,19526,601

%
55.8
55.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
8.00
8.00

Yen––

Yen
8.00

Yen
16.00

8.00

16.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Net sales
Full year

Millions of yen
46,200Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
25.6(520)–(560)–(950)–(33.96)1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

YesNo(3) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

28,543,889 shares As of March 31, 2022

27,413,889 shares

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

382,114 shares As of March 31, 2022

381,656 shares

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

27,976,431 shares Nine months ended December 31, 2021

225,664,981 shares

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

As of December 31, 2022

AssetsCurrent assets
Cash and deposits

17,617

16,368

Accounts receivable - trade
Merchandise and finished goods

1,437
38

2,584
62

Raw materials and supplies
Other

1,848
1,781

2,530
580

(1)

(1)

22,721

22,124

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

6,473

7,607

Land
Other, net

6,198
1,848

6,198
2,099

Total property, plant and equipment

14,52015,905

1,916

1,934

Other

1,045

1,001

Total intangible assets

2,961

2,936

4,363
3,359

4,219
3,592

Intangible assets
Goodwill

Investments and other assets
Guarantee deposits
Other
Allowance for doubtful accounts

(28)

(28)

Total investments and other assets

7,693

7,783

25,176

26,62547,89848,750Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2022

As of December 31, 2022

Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings

1,203
4,500

2,192
4,370

Current portion of long-term borrowings
Income taxes payable

490
560

5,484
–

Asset retirement obligations
Provision for bonuses

89519

21223

Other

3,628

4,244

Total current liabilities

10,993

16,536Long-term borrowings
Retirement benefit liability

6,891
948

1,762
923

Asset retirement obligations
Other

1,296
1,167

1,303
1,028

Total non-current liabilities

10,303

5,018

21,296

21,554

Shareholders' equity
Share capital

11,553

12,648

Capital surplus
Retained earnings

11,371
4,520

12,4672,790

Treasury shares

(931)

(932)

26,51526,974

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

44
13

208
12

Total accumulated other comprehensive income

58

220

28

–

26,601

27,19547,89848,750Non-current liabilities

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
December 31, 2021
Net sales

Nine months ended
December 31, 2022

27,01933,132

Cost of sales

9,549

10,849Gross profit

17,47022,282

Selling, general and administrative expenses

20,417

23,416

Operating loss(2,946)(1,133)Non-operating income
Interest income

1818

Dividend income
Subsidy income

224,078352830394,149

121

Interest expenses
Loss on cancellation of rental contracts

51173230

Other

1818

Total non-operating expenses

8781

1,115(1,092)

OtherTotal non-operating income
Non-operating expenses

Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets

01

Gain on sale of investment securities

16–

Total extraordinary income

1713778163–

Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Total extraordinary losses

115

163

Profit (loss) before income taxes

1,016(1,254)

Income taxes - current
Income taxes - deferred

195
(8)

112(78)

Total income taxes

187

34

Profit (loss)

829(1,288)

Profit (loss) attributable to owners of parent

829(1,288)5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2021

Nine months ended
December 31, 2022

Profit (loss)

829(1,288)Other comprehensive income
Valuation difference on available-for-sale securities

63

163

Remeasurements of defined benefit plans, net of tax

(0)

(1)

Total other comprehensive income

62

162

Comprehensive income

892(1,126)Comprehensive income attributable toComprehensive income attributable to owners of parent

892(1,126)––Comprehensive income attributable to non-controllinginterests

6