Translation
Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2020
(Based on Japanese GAAP)
August 12, 2020
Company name: ADEKA CORPORATION
Stock exchange listing: Tokyo
Code number: 4401
URL: https://www.adeka.co.jp
Representative: HIDETAKA SHIROZUMEPRESIDENT AND CHIEF EXECUTIVE OFFICER
Contact: FUMITAKE KOYAE
GENERAL MANAGER, LEGAL AFFAIRS & PUBLICITY DEPARTMENT
Phone: 03-4455-2803
Scheduled date of filing quarterly securities report: August 12, 2020
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended June 30, 2020 (April 01, 2020 to June 30, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
67,849(3.3)
5,046
12.3
4,512
6.7
3,104(3.4)
June 30, 2020
June 30, 201970,15513.6
4,493(16.5)
4,229(27.5)
3,214(21.4)(Note) Comprehensive income:Three months ended June 30, 2020:¥2,799 million [16.4%]
Three months ended June 30, 2019:¥2,405 million [(9.8) %]Basic earnings
per share
Three months ended
June 30, 2020
June 30, 2019

Diluted earnings per
shareYen

Yen

30.08
31.21

-

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2020
March 31, 2020
(Reference) Equity:

As of June 30, 2020:
As of March 31, 2020:

Net assets

Capital adequacy ratio

Million yen

Million yen%

399,003409,452

249,498
250,634
210,071 million
210,266 million

52.6
51.4

¥
¥

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2020

-24.00-24.00

48.00

Fiscal year ending March 31, 2021

24.00

-24.00

48.00

Fiscal year ending March 31, 2021
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

TotalYes

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2021(April 01, 2020 to March 31, 2021)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Million yen%

Million yen%

Yen

5,100(38.4)

3,400(42.6)

32.94

16,000Yes(27.2)

10,000(34.3)

96.88(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

Yes

Six months ended
135,000(7.6)
5,800 (35.7)
September 30, 2020
290,000(4.6)
16,000 (28.9)
Full year(Note) Revision to the financial results forecast announced most recently:* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2020(changes in specified subsidiaries resulting in changes in scope of consolidation):No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2020:
103,714,442 shares
March 31, 2020:
103,714,442 shares2) Total number of treasury shares at the end of the period:
490,275 shares
June 30, 2020:
March 31, 2020:
490,003 shares
3) Average number of shares during the period:
Three months ended June 30, 2020:Three months ended June 30, 2019:

103,224,188 shares
102,983,643 shares

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Technical assets
Customer related assets
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Total investments and other assets
Total non-current assets
Total assets

As of June 30,2020

62,82784,7651,500
41,312
5,715
22,0239,921(430)
227,635

61,811
78,1301,500
41,794
5,886
22,6068,354(467)
219,616

33,46540,25829,397
10,109113,230

36,61742,19729,354
10,898
119,067

8,455
2,971
4,943
16,370

8,207
2,930
5,225
16,36331,33520,881
52,216
181,816
409,452

32,127
11,82943,956
179,387
399,003(Million yen)
As of March 31,2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Other provisions
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of June 30,2020

46,125
21,823
3,700
3,145
130
17,77892,70440,182
19,923
1,750
1,601
57
26,80590,321

12,24920,297
20,072
260
13,233
66,114
158,818

11,751
13,727
20,260183
13,261
59,184
149,505

22,994
19,986
158,872(441)
201,41222,994
19,986
158,648(457)
201,172

6,541

7,724

4,253
155
(2,096)
8,854
40,367
250,634
409,452

4,253(1,047)(2,030)8,899
39,426249,498
399,003

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended June 30,2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest incomeDividend income
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on abandonment of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

For the three months
ended June 30,2020

70,15551,895
18,26013,766
4,493

67,84949,865
17,983
12,936
5,046

109
289

67
219

63

234

119
581

346
867

287
366
191
845
4,229

227
1,102
71
1,401
4,512

46
46
4,183
1,549(512)
1,036
3,146(67)
3,214

28
28
4,483
1,652(233)
1,418
3,064
(40)
3,104

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30,2019ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
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 ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30,2020
3,146

3,064

(797)
(247)
63

1,520
(1,620)63

239(228)

(741)
2,405

(265)
2,799

2,554

3,150

(148)

(351)