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 Year Ended March 31, 2021
(Based on Japanese GAAP)May 11, 2021
Company name:
Origin Company, Limited
Stock exchange listing: Tokyo
Stock code:6513
URL https://www.origin.co.jp/
Representative:
Kazuhiro Seo, President
Contact:
Atsushi Akamatsu, Executive Officer and General Manager, Accounting DepartmentPhone:+81-48-755-9242
Scheduled date of ordinary general meeting of shareholders:June 25, 2021
Scheduled date to file Securities Report:
June 25, 2021
Scheduled date to commence dividend payments:
June 28, 2021
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(1) Consolidated operating resultsPercentages 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%
Year ended March 31, 2021
25,926 -20.2
-904
–-518
––-1,156
Year ended March 31, 2020
32,502 -14.2
904 -64.0
1,100 -60.8
-88.2
224
Note: Comprehensive income

Year ended March 31, 2021
Year ended March 31, 2020¥-510 million [–%]
¥117 million [-87.3%]

Diluted earnings pershare
YenYen–-184.72–35.09Earnings per share
Year ended March 31, 2021
Year ended March 31, 2020

Ratio of ordinary
profit to total assets%%

Return on equity

-5.3
1.0

Ratio of operating
profit to net sales
%

-1.2
2.4

Reference: Share of profit (loss) of entities accounted for using equity method Year ended March 31, 2021
Year ended March 31, 2020

-3.5
2.8
¥-2 million¥9 million(2) Consolidated financial position
Total assets
As of March 31, 2021
As of March 31, 2020
Reference: Equity

Net assets

Millions of yen
40,89344,400
As of March 31, 2021
As of March 31, 2020

Millions of yen23,565
24,879Equity ratio

Net assets per share%
51.8
50.0

Yen
3,414.93
3,498.81¥21,180 million¥22,208 million(3) Consolidated cash flows

Year ended March 31, 2021
Year ended March 31, 2020

Cash flows fromoperating activities
Millions of yen
-488
239

Cash flows frominvesting activities
Millions of yen
91
4,410

1

Cash and cash equivalents
Cash flows fromat end of period
financing activities
Millions of yen
Millions of yen-1,325
5,021-4,3386,711

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2020
Year ended March 31, 2021
Year ending March 31, 2022
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen

%%

––

20.00
7.00

––

20.00
14.00

40.00
21.00

257
131

114.0
–

1.1
0.6

–

20.00

–

20.00

40.00

41.3

3. Forecasts of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
31,50021.5
800–
1,100–600–
96.74* As the Company manages financial results annually, forecast of consolidated financial results for the first six months are omitted.
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):

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:No
Changes in accounting policies due to other reasons:

No
Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021

6,699,986 shares As of March 31, 2020

6,699,986 shares497,652 shares As of March 31, 2020

352,664 shares

Number of treasury shares at the end of the period
As of March 31, 2021
Average number of shares during the period
Year ended March 31, 2021

6,260,613 shares Year ended March 31, 2020

6,406,928 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).

2

Reference: Summary of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net salesYear ended March 31, 2021
Year ended March 31, 2020

Operating profit

Millions of yen
19,73824,916%

Millions of yen

-20.8
-17.5

-1,756-187

Earnings per share%––Profit

Millions of yen
-422
390%
–-79.3

Millions of yen
-654
-105

%
––

Diluted earnings per share

Yen-103.94-16.44

Year ended March 31, 2021
Year ended March 31, 2020

Ordinary profit

Yen––(2) Non-consolidated financial position
Total assets
Millions of yen
31,24733,860

As of March 31, 2021
As of March 31, 2020
Reference: Equity

Net assets

As of March 31, 2021
As of March 31, 2020

Millions of yen
16,042
16,606Equity ratio

Net assets per share
%
51.3
49.0

Yen
2,572.41
2,602.60¥16,042 million¥16,606 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* 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.
(Financial results meeting and how to obtain supplementary materials on financial results)
The Company plans to hold the online financial results presentation for analysts and institutional investors on Tuesday, May 25, 2021. The
Company plans to post the supplementary materials on financial results on its website promptly after the presentation is held.

3Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts

As of March 31, 2021

8,396
8,012
1,950
1,598
3,269
1,807
1,692
-21

7,287
7,822
1,827
1,639
2,709
1,519
1,169
-30

26,70423,943

12,955-8,739

12,987-9,113

Buildings and structures, net

4,216

3,873

Machinery, equipment and vehicles
Accumulated depreciation

10,642-9,366

9,088-7,960

1,275

1,128

4,823
73
4,874-4,180

4,823
1
4,872-4,317

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4694

555

11,083

10,382

635

510

4,488
22
416
1,261
-212

4,986
22
150
1,109-212

5,976

6,056

17,695

16,94944,40040,893

(Millions of yen)
As of March 31, 2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Unearned revenue
Provision for loss on relocation
Provision for product compensation
Other

As of March 31, 2021

2,576
3,606
575
116
546
16
81––
1,810

2,233
3,265
575
95
409
181
37
133
1,391

9,330

8,223

1,373

897

1921

Retirement benefit liability
Asset retirement obligations
Long-term unearned revenue
Deferred tax liabilities
Other

3,010
29
5,580
34
142

2,493
30
5,502
53
106

Total non-current liabilities

Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)

10,1909,104

Total liabilities

19,521

17,328

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

6,103
3,454
11,711
-661

6,103
3,454
10,382-857

20,60819,082

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

1,318
281

1,805
292

Total accumulated other comprehensive income

1,599

2,097

Total shareholders' equity

Non-controlling interests

2,671

2,384

Total net assets

24,87923,56544,400

40,893

Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2020

Fiscal year ended
March 31, 2021

Net sales
Cost of sales

32,50224,01525,92620,189Gross profit

8,486

5,737

Selling, general and administrative expenses

7,582

Operating profit (loss)

904

6,641
-904

Non-operating income
Interest income
Dividend income
Royalty income
Rental income
Share of profit of entities accounted for using equity method
Other11711553–
9206

93
115
36
125–
170

502

542

Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method
Arrangement Fee
Non-deductible consumption tax
Rent cost
Other

36
35
–
28
87
7111

14
4
2–
–
35
99

Total non-operating expenses

306
1,100

156
-518

–
1–

259
38
33

1330

89–
15
85
29–
–

180
122
–
0–
67
205

Total extraordinary losses

148

Profit (loss) before income taxes

952

415-602

Income taxes - current
Income taxes - deferred

410
94

333
64

Total income taxes

505Profit (loss)

447

397-999

Profit attributable to non-controlling interests

222

Profit (loss) attributable to owners of parent

224

Total non-operating income
Non-operating expenses

Ordinary profit (loss)
Extraordinary income
Gain on sale of investment securities
Gain on sale of non-current assets
Compensation income
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Impairment losses
Loss on valuation of investment securities
Loss on liquidation of subsidiaries and associates
Product compensation expenses
Provision for loss on relocation
Extra retirement payments

6157-1,156

Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2020
Profit (loss)
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

7

Fiscal year ended
March 31, 2021
447

-999

-176
-152

496
-10-1

1-330
117

488
-510

-71

-658

188

147

Consolidated statements of changes in equity
Fiscal year ended March 31, 2020
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

Total shareholders'

Treasury shares

equity-523

11,813

20,847

Changes during period
Dividends of surplus
Provision of reserve for
employees' welfare fundProfit (loss) attributable toowners of parent-323-323-3-3224

224

Purchase of treasury shares-138-138Disposal of treasury shares––

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––-101

-138

-239

6,103

3,454

11,711-661

20,608

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

1,492

Foreign currencytranslation adjustment402

Total accumulated

Non-controllingother comprehensive
incomeinterests

1,895

Total net assets

2,666

25,410Changes during period-323

Dividends of surplus
Provision of reserve for
employees' welfare fund-3

Profit (loss) attributable to224

owners of parent
Purchase of treasury shares-138

Disposal of treasury shares–Net changes in items otherthan shareholders' equity-174-121-295

4-291

Total changes during period

-174

-121

-295

4

-531

Balance at end of period

1,318

281

1,599

2,671

24,8798

Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

Total shareholders'Treasury shares

11,711equity-661

20,608Changes during period
Dividends of surplus
Provision of reserve foremployees' welfare fundProfit (loss) attributable toowners of parent

-171

-171

-1

-1

-1,156-1,156

Purchase of treasury shares

-202

-202

Disposal of treasury shares66

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––-1,329-195-1,525

6,103

3,454

10,382-857

19,082

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

1,318

Foreign currencytranslation adjustment
281

Total accumulated

Non-controllingother comprehensive
incomeinterests

1,599

2,671

Total net assets

24,879Changes during period-171

Dividends of surplus
Provision of reserve for
employees' welfare fund-1

Profit (loss) attributable to-1,156

owners of parent
Purchase of treasury shares-202

Disposal of treasury shares

6

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

486

11497

-286

211

486

11497

-286

-1,313

1,805

292

2,097

2,384

23,5659

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2020
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Extra retirement payments
Foreign exchange losses (gains)
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for environmental measures
Loss (gain) on valuation of investment securities
Loss on liquidation of subsidiaries and associatesProvision for loss on relocation

Fiscal year ended
March 31, 2021
952
1,218–
29-23236–
1-69-862-39-602
1,162
122
9-209
14
205
-33-137
-514

17–
–
0
67
-18

-9

2

520
347
-1,035
–
-327

313
796
-681
-78-619

Subtotal

647

-200

Interest and dividends received
Interest paid
Extra retirement payments
Income taxes paid

233
-37
–
-605

217
-14-205-285

Net cash provided by (used in) operating activities

239

-488

-338
-778
-1-141
-463
-12

1-73

148
-50

–
5,672
-71

468
–
143

4,41091

Loss (gain) on sale and retirement of non-current assets
Share of loss (profit) of entities accounted for using equity
methodDecrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in long-term unearned revenue
Other, net

Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Payments for retirement of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Proceeds from settlement of leasehold rights
Other, net
Net cash provided by (used in) investing activities

101585–

(Millions of yen)
Fiscal year ended
March 31, 2020
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Proceeds from sale of treasury shares
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests

Fiscal year ended
March 31, 2021
-3,000
100
-747
-46

–100-575-44–-137
-323
-184

2-202
-171-433

Net cash provided by (used in) financing activities-4,338-1,325

Effect of exchange rate change on cash and cash equivalents

-20

32

Net increase (decrease) in cash and cash equivalents

290-1,689Cash and cash equivalents at beginning of period

6,421

6,711

Cash and cash equivalents at end of period

6,711

5,021

11