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 Six Months Ended September 30, 2023
(Based on Japanese GAAP)
November 10, 2023
Company name:
Origin Company, Limited
Stock exchange listing: Tokyo
Stock code:

6513

Representative:
Contact:

Hideki Inaba, President CEO
Atsushi Akamatsu, Senior Executive Officer, CFO and General Manager, Accounting Department

URL

https://www.origin.co.jp/

Phone:+81-48-755-9242

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

November 14, 2023
December 4, 2023

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)

Six months ended September 30, 2023
Six months ended September 30, 2022

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%
13,810 -22.5
-451
–-70–
-449
–
17,820
17.9
736
10.2
1,643
86.1
1,022 129.7

Note: Comprehensive income Six months ended September 30, 2023
Six months ended September 30, 2022

¥826 million [-62.2%]¥2,184 million [50.2%]

Earnings per share

Diluted earnings per share

Yen-76.96
167.27Six months ended September 30, 2023
Six months ended September 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2023
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
47,843
44,130

As of September 30, 2023
As of March 31, 2023

Equity ratio

Millions of yen
26,85326,653

%
51.4
55.0

¥24,585 million¥24,265 million

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
15.00

Yen–

Yen
20.00

Yen
40.00

–

15.00

30.00

Year ending March 31, 2024 (Forecast)
Note: Revisions to the forecasts of cash dividends most recently announced: Yes

1Total3. Forecasts of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

Net sales

Full year

Millions of yen
29,000Percentages 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-9.5-700–-150–-850–-146.33

Note: Revisions to the financial result forecasts most recently announced: Yes
4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:No

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

6,699,986 shares As of March 31, 2023

6,699,986 shares

936,088 shares As of March 31, 2023

790,706 shares

Number of treasury shares at the end of the period
As of September 30, 2023

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

5,846,895 shares Six months ended September 30, 2022

6,115,769 shares* Number of treasury shares excluded for calculating the number of treasury shares at the end of the period and average number of shares during
the period include the Company’s shares held by the trust account related to stock remuneration system (BBT=Board Benefit Trust).
* Quarterly financial results reports are exempt from quarterly review procedures conducted by certified public accountants or an auditcorporation.
* Proper use of forecasts of financial results, and other special matters(Caution concerning forward-looking statements)
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to theCompany and on certain assumptions deemed to be reasonable and actual results may differ substantially due to various factors.
(1st Half financial results meeting and how to obtain supplementary materials on quarterly financial results)
The Company plans to hold the online 1st Half financial results presentation for analysts and institutional investors on Friday, November 24,2023. The Company plans to post the supplementary materials on financial results on its website promptly after the presentation is held.

2

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of September 30, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

9,356
7,470

10,776
7,032

Electronically recorded monetary claims - operating

2,259

3,091Merchandise and finished goods
Work in process

1,795
3,701

1,718
4,055

Raw materials and supplies

2,616

2,817

Other

354

582

Allowance for doubtful accounts-9-10

27,54330,065

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

3,559
994

3,558
986

Land
Construction in progress

4,748
59

4,748
41

547

561

9,908

9,896

419

417

5,765

6,915

Long-term loans receivable
Deferred tax assets

27
48

30
46

Other
Allowance for doubtful accounts

464-47519-47

Total investments and other assets

6,258

7,464

16,58617,778

44,13047,843

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

Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of September 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

2,254

2,208

Electronically recorded obligations - operating
Current portion of long-term borrowings

3,584
303

4,192583

Income taxes payable

271

299

Provision for bonusesProvision for bonuses for directors (and other officers)

558
13551
2

Unearned revenue

81

81

Provision for product compensation

107

107

Provision for environmental measures
Provision for demolition of current assets

52
8

38
–

Other

1,888

2,446

Total current liabilities

9,123

10,513

Non-current liabilities
Long-term borrowings

164

2,125

13

18

2,398
30
5,345

2,336
30
5,306

315
85

611
46

8,353

10,475

Total liabilities

17,477

20,989Net assets
Shareholders' equity
Share capital

6,103

6,103

Capital surplus
Retained earnings
Treasury shares

3,454
12,312-1,236

3,454
11,743-1,421

Total shareholders' equity

20,634

19,880

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

2,344
1,286

3,164
1,540

Total accumulated other comprehensive income

Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Asset retirement obligations
Long-term unearned revenue
Deferred tax liabilities
Other
Total non-current liabilities

3,630

4,705

Non-controlling interests

2,387

2,268

Total net assets26,653

26,853

44,13047,843

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)Six months ended

Six months ended

September 30, 2022

September 30, 2023

Net sales
Cost of sales

17,82013,617

13,81010,673Gross profit

4,203

3,136

Selling, general and administrative expenses

3,466

3,587

Operating profit (loss)

736-451

Non-operating income
Interest income

1116

Dividend income

6594

Rental incomeForeign exchange gains

63726

63224

Share of profit of entities accounted for using equity method

6–

Other

107

111

Total non-operating income

980

510

3–

127–
1949

48
547

Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Arrangement Fee
Rent cost
Other
Total non-operating expenses

72

129

1,643-70

Extraordinary income
Gain on sale of non-current assets

62

Total extraordinary income

62

Loss on retirement of non-current assets
Loss on sale of non-current assets
Impairment lossesProvision for environmental measures
Provision for demolition of non-current assets
Extra retirement payments

1305–
66
–

30–
18–
24

Total extraordinary losses

8547

Profit (loss) before income taxes

Ordinary profit (loss)

Extraordinary losses

1,564

-115

Income taxes - current
Income taxes - deferred

499
-37

299
-56

Total income taxes

462

242

Profit (loss)

1,102-357

Profit attributable to non-controlling interests

7992

Profit (loss) attributable to owners of parent

1,022-4495

Consolidated statements of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2022
Profit (loss)

Six months ended
September 30, 2023

1,102-357

54
1,024

812
362

2

9

1,081

1,184

2,184

826

1,813

624

370

201

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
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 of parent
Comprehensive income attributable to non-controllinginterests

6