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.

Consolidated Financial Results
for the Year Ended March 31, 2022
[Japanese GAAP]May 10, 2022
Company name: TERAOKA SEISAKUSHO CO.,LTD.
Stock exchange listing: Tokyo
Code number: 4987
URL: https://www.teraokatape.co.jp
Representative: Kenichi Tsuji
Representative Director & President
Contact: Nobuhisa Ishizaki
Director
Phone: 03-3491-1141
Scheduled date of Annual General Meeting of Shareholders: June 23, 2022
Scheduled date of commencing dividend payments: June 24, 2022
Scheduled date of filing annual securities report: June 24, 2022
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
shareholders of theparent company
Million yen%
Million yen%
Million yen%
Million yen%
Fiscal year ended
March 31, 2022
22,515
3.9
134
4.7
370
50.7
162
78.8
March 31, 2021
21,662
(5.4)
128
24.2
245
415.3
91
(39.1)(Note) Comprehensive income:Fiscal year ended March 31, 2022:¥
million[(69.6)%]
398
Fiscal year ended March 31, 2021:¥
1,309 million [-%]Basic earnings per Diluted earnings per Rate of return on
share
share
equityOrdinary profit tototal assets ratio

Yen
Yen
%
Fiscal year ended
March 31, 2022
6.42
0.6
March 31, 2021
3.59
0.3
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2022:
Fiscal year ended March 31, 2021:

Operating profit to
net sales ratio

%

%

1.0
0.7
¥
¥

0.6
0.6
- million- million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Net assets

Million yen

Million yen

37,44337,033As of March 31, 2022:
As of March 31, 2021:

Capital adequacy ratio¥¥

29,08929,04629,089 million
29,046 million

Net assets per share

%

Yen

77.7
78.4

1,148.34
1,146.61(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen(57)
2(3,187)(1,536)

109
77

4,813
7,780

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total
dividends

Total

Payoutratio(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%

March 31, 2021

-

3.00

-

9.00

12.00

303

334.0

1.1

March 31, 2022

-

5.00

-

5.00

10.00

253

155.7

0.9

-

5.00

-

5.00

10.00

Fiscal year ending
March 31, 2023-

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2021 :Ordinary dividend
5 yen
Commemorative dividend
4 yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable
to shareholders of Basic earnings per
Net sales
Operating profit
Ordinary profit
the parent
share
companyFirst half
Full year

Million yen%

Million yen%

Million yen%

Million yen%

Yen

10,30023,200

(5.5)
3.0

50
520

(59.3)
285.3

110
520

(46.3)
40.4

280
590

387.3
262.5

11.05
23.29

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No
New(Company name:)
Exclusion:(Company name:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2022:
26,687,955 shares
March 31, 2021:
26,687,955 shares2) Total number of treasury shares at the end of the period:
March 31, 2022:
1,355,908 shares
March 31, 2021:
1,355,435 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2022:
Fiscal Year ended March 31, 2021:

25,332,253 shares
25,332,616 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2022
March 31, 2021

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

22,076
21,311

3.6
(5.3)

455
377

20.8
107.6

756
583

29.8
108.0

555
470

18.1
17.8

Basic earnings per share Diluted earnings per share
Fiscal year ended
March 31, 2022
March 31, 2021

Yen

Yen

21.94
18.58

-

(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Net assets

Million yen

Million yen

35,88935,861
As of March 31, 2022:
As of March 31, 2021:

Capital adequacy ratio¥¥

28,731
28,571
28,731 million
28,571 million

Net assets per share

%

Yen

80.1
79.7

1,134.18
1,127.86

Table of Contents - Attachments
1. Overview of Operating Results, etc. ...................................................................................................... 2(1) Overview of Operating Results for the Fiscal Year under Review .................................................... 2(2) Overview of Financial Position for the Fiscal Year under Review .................................................... 2(3) Overview of Cash Flows for the Fiscal Year under Review .............................................................. 3(4) Future Outlook ................................................................................................................................... 3
2. Basic Policy on Selection of Accounting Standards .............................................................................. 3
3. Consolidated Financial Statements and Principal Notes ....................................................................... 4(1) Consolidated Balance Sheets ............................................................................................................. 4(2) Consolidated Statements of Income and Comprehensive Income ..................................................... 6(3) Consolidated Statements of Changes in Net Assets ........................................................................... 8(4) Consolidated Statements of Cash Flows .......................................................................................... 10(5) Notes to Consolidated Financial Statements .................................................................................... 11(Notes on going concern assumption) ........................................................................................... 11(Changes in accounting policies) .................................................................................................. 11(Segment information, etc.) ........................................................................................................... 11(Per share information) .................................................................................................................. 11(Significant subsequent events) .................................................................................................... 12

1

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Fiscal Year under Review
With regard to the Japanese economy in the fiscal year ended March 31, 2022, as COVID-19 infections again began increasing
with the highly infectious Omicron variant, a sense of stagnation grew stronger, especially in the manufacturing sector, due in partto the rising business-to-business prices attributed to soaring resource prices and the historically low yen caused by factors including
the U.S.-Japan interest rate differential. Looking to the global economy, there was concern that the pace of economic growth would
slow due to such factors as rising resource prices and apparent supply chain jams, as well as geopolitical risks and energy supply
apprehensions resulting from Russia’s invasion of Ukraine. In addition, concerns of a slowdown were also widespread with regard
to the economy of China, a chief sales market for the Group, due to successive lockdowns in its major cities as well as worsened
real estate market conditions.
Within the context of this economic environment, the Group’s net sales fell slightly below target but were largely in line with theGroup’s initial plan. Operating profit, however, was substantially below target. This was primarily due to the market prices ofresources such as domestic naphtha and crude oil soaring to around double that were originally anticipated, resulting in increased
costs centering on raw materials and fuel prices. An additional factor was an inability to eliminate valuation losses on long-term
inventories due to continuing poor sales and other issues in China.
The Company’s primary activities consisted of formulating the third medium-term business plan, which spans five years (April
2021 to March 2026) and ends in fiscal 2025; proactively carrying out business and R&D activities; and striving to further reform
and improve productivity, such as by revising all operations across the entire Group of the Company from the ground up. In addition,
the Company worked on commercializing ACULAH®, a vulcanized adhesive film leveraging the Company’s core technologies, aspart of creating new business via new derivative new businesses as advocated in the medium-term business plan. Moreover, theCompany also began production on a new, integrated production line for high-performance tapes at the Ibaraki plant as part of its
efforts and work on effective utilization of its real estate as well.
As a result, net sales for the fiscal year under review were 22,515 million yen (up 3.9% year on year). Operating profit was 134
million yen (up 4.7% year on year). Ordinary profit was 370 million yen (up 50.7% year on year) due to the recording of foreignexchange gains of 176 million yen, and net profit attributable to shareholders of the parent company was 162 million yen (up 78.8%
year on year).
The Group engages in the manufacture and sale of adhesive tapes. Net sales by product category are as presented below.
(Packing tapes)
Due to the stay-at-home demand reaching saturation, home improvement store demand remained sluggish. However, thanks to arecovery in export trade, the category’s net sales were 2,937 million yen (up 0.8% year on year).
(Electrical insulation and electronic equipment tapes)
Due to the impact of the semiconductor shortage, tapes for mobile devices remained sluggish. However, thanks to the strong
demand for electronic equipment tapes, the category’s net sales were 12,199 million yen (up 3.8% year on year).
(Other industrial tapes)
Home improvement store-oriented polyethylene cloth tapes remained sluggish. However, thanks to a recovery in office,infrastructure, and construction demand, the category’s net sales were 7,378 million yen (up 5.4% year on year).
(Reference) Sales performance
Adhesive tapebusinessby category
Packing tapes
Electrical insulationand electronicequipment tapes
Other industrial
tapes(Million yen)

For the fiscal year ended
March 31, 2021
Composition
Net sales
ratio
[136]
13.5%
2,913
[5,751]
11,747

54.2%

[223]
32.3%
7,000
[6,111]
Total
100.0%
21,662(Note) Figures in brackets [ ] indicate overseas net sales.

For the fiscal year ended
March 31, 2022
Composition
Net sales
ratio
[268]
13.0%
2,937
[6,063]
12,199[344]
7,378[6,675]22,515Year-on-year change
Net saleschangePercentagechange

23

+0.8%

54.2%

451

+3.8%

32.8%

377

+5.4%

100.0%

853+3.9%(2) Overview of Financial Position for the Fiscal Year under Review
Total assets at the end of the fiscal year under review were 37,443 million yen, up 1.1% from the end of the previous fiscal year.
Current assets were 18,202 million yen, down 10.2% from the end of the previous fiscal year. This was primarily due to a decrease2

in cash and deposits accompanying capital investment.
Non-current assets were 19,240 million yen, up 14.9% from the end of the previous fiscal year. This was primarily due to thebuilding of the new, integrated production line for high-performance tapes at the Ibaraki plant.
Total liabilities at the end of the fiscal year under review were 8,353 million yen, up 4.6% from the end of the previous fiscal
year.
Current liabilities were 6,341 million yen, down 0.6% from the end of the previous fiscal year. This was primarily due to adecrease in notes and accounts payable - trade.
Non-current liabilities were 2,012 million yen, up 25.4% from the end of the previous fiscal year. This was primarily due to anincrease in long-term borrowings.
Total net assets at the end of the fiscal year under review were 29,089 million yen, up 0.1% from the end of the previous fiscal
year. This was primarily due to an increase in foreign currency translation adjustment.
As a result of the above, the capital adequacy ratio was 77.7%. (78.4% at the end of the previous fiscal year).

(3) Overview of Cash Flows for the Fiscal Year under Review
Cash and cash equivalents (hereinafter “cash”) at the end of the fiscal year under review were 4,813 million yen, down 2,967
million yen from the end of the previous fiscal year.
(Cash flows from operating activities)
Significantly impacted by an increase in inventory, net cash used in operating activities was 57 million yen (2 million yen
provided in the previous fiscal year).
(Cash flows from investing activities)
Net cash used in investing activities was 3,187 million yen (1,536 million yen used in the previous fiscal year). This was primarily
due to purchase of property, plant and equipment.
(Cash flows from financing activities)
Net cash provided by financing activities was 109 million yen (77 million yen provided in the previous fiscal year). This wasprimarily due to conducting borrowings for the acquisition of some non-current assets.

(4) Future Outlook
The domestic and global economies going forward are expected to remain in their current, uncertain states due to the extended
impact of COVID-19 and concerns over soaring resource prices and sudden exchange rate fluctuations.
Regarding the consolidated full-year financial results forecast for the fiscal year ending March 31, 2023, by carrying out business,
production, and R&D activities that contribute to both further development of current business and research and development of
new business, the Company expects to record net sales of 23,200 million yen, operating profit of 520 million yen, ordinary profitof 520 million yen, and net profit attributable to shareholders of the parent company of 590 million yen.

2. Basic Policy on Selection of Accounting Standards
Taking into consideration the comparability between consolidated financial statement periods and comparability between businesses,
the policy of the Group is to prepare financial statements in accordance with the generally accepted accounting principles in Japan for
the time being.
Concerning the application of the International Financial Reporting Standards, the Group’s policy is to take into consideration all
domestic and international circumstances going forward and respond accordingly.

33.Consolidated Financial Statements(1)Consolidated Balance Sheets(Million yen)
As of March 31,2021

As of March 31,2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods

8,466
5,891

5,470
5,627

1,165

1,426

2,361

2,470

Work in process
Raw materials and supplies

1,076
844

1,322
1,165

484
(8)

728
(9)

20,281

18,202

12,236(8,736)

14,735(9,132)

3,500

5,603

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles

20,44823,008

Accumulated depreciation(18,099)(18,646)

2,348

4,361

4,039

4,098

269
(76)

269
(94)

Leased assets, net

193

175

Construction in progress
Other

1,996
2,345

177
2,303

(1,894)(1,865)450

438

Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation

Accumulated depreciation
Other, net

12,52814,854

Intangible assets
Investments and other assets

Total property, plant and equipment

113

397

Investment securities
Deferred tax assets

2,956
18

2,870
5

Retirement benefit asset
Other

939
194

979
133

Total investments and other assets
Total non-current assets
Total assets

4

4,109

3,988

16,751

19,24037,03337,443

(Million yen)
As of March 31,2021

As of March 31,2022

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating

1,426
2,319

1,250
2,456

Short-term borrowings
Lease liabilities

120
19

60
19

Income taxes payable
Accrued expenses

92
556

159
485

Other

1,846

1,909

Total current liabilities

6,381

6,341

Non-current liabilities
Long-term borrowings

179

724

Lease liabilities
Deferred tax liabilities

190
464

171
407

Provision for repairs
Provision for environmental measures

74

1
-

Retirement benefit liability
Asset retirement obligations

75
504

77
508

Long-term accounts payable - other
Other

56
59

56
65

1,605

2,012

7,986

8,353

Shareholders' equity
Share capital

5,057

5,057

Capital surplus
Retained earnings

4,643
17,824

4,643
17,632

Treasury shares

(462)

(462)

Total non-current liabilities
Total liabilities
Net assets

27,062

26,870

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

Total shareholders' equity

1,140

1,098

262

622

Remeasurements of defined benefit plans

581

497

1,983

2,219

29,04629,08937,03337,443

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

5(2)Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year
ended March 31,2021

For the fiscal year
ended March 31,2022

Net sales
Cost of sales

21,662
16,73322,51517,704Gross profit

4,928

4,810

Selling, general and administrative expenses

4,799

4,675

128

134

Operating profit
Non-operating income
Interest income

92

Dividend income
Foreign exchange gains

81
83

72
435

Insurance claim income
Other

18
35

96

Total non-operating income

228

606

Non-operating expenses
Interest expenses

0

3

67
13

259
-

Other

30

108

Total non-operating expenses

111

371

Ordinary profit

245

370

Extraordinary income
Gain on sale of investment securities

174

3

Commission expenses
Anniversary project cost

Reversal of provision for environmental measures

217-

Total extraordinary income

392

3

195

-

Loss on retirement of non-current assets

140-

Total extraordinary losses

336-

Profit before income taxes

302

373

Income taxes - current
Income taxes - deferred

139
71

184
26

Total income taxes

211

211

Profit91

162

Profit attributable to non-controlling interests--

Profit attributable to shareholders of the parent company

91

162

Extraordinary losses
Asset retirement obligation expense

6

Consolidated Statements of Comprehensive Income(Million yen)
For the fiscal year
ended March 31,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

For the fiscal year
ended March 31,2022
91

162

376
124

(41)
360

717

(83)

1,218

235

Comprehensive income

1,309

398

Comprehensive income attributable toComprehensive income attributable to shareholders of
the parent company
Comprehensive income attributable to non-controllinginterests

1,309

398

-

-

Total other comprehensive income

7(3)Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31,2021(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period5,057

Capital surplus

Retained earnings

4,643

17,935

Treasury shares
(462)

Total
shareholders'equity27,174

(202)

(202)

91

91
(0)

(0)

-

-

(111)

(0)

(111)

5,057

4,643

17,824(462)

27,062

Accumulated other comprehensive income

Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total
accumulated
othercomprehensive
income

763

137

(136)

764

Total net assets

27,939

(202)
91
(0)
376

124

717

1,218

1,218

376

124

717

1,218

1,107

1,140

262

581

1,983

29,0468

For the fiscal year ended March 31,2022(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period5,057

Capital surplus

Retained earnings

4,643

17,824

Treasury shares
(462)

Total
shareholders'equity27,062

(354)

(354)

162

162
(0)

(0)

-

-

(191)

(0)

(192)

5,057

4,643

17,632(462)

26,870

Accumulated other comprehensive income

Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodValuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined benefit
plans

Total
accumulated
othercomprehensive
income

1,140

262

581

1,983

Total net assets

29,046

(354)
162
(0)
(41)

360

(83)

235

235

(41)

360

(83)

235

43

1,098

622

497

2,219

29,0899

(4)Consolidated Statements of Cash Flows(Million yen)
For the fiscal year
ended March 31,2021
Cash flows from operating activities
Profit before income taxes

For the fiscal year
ended March 31,2022

302

373

Depreciation
Asset retirement obligation expense

838
195

1,086
-

Loss on retirement of non-current assets
Loss (gain) on sale of investment securities

143
(174)

6
(3)

(1)

0

(241)

(74)

66
(91)

(158)
(74)

Interest expenses
Foreign exchange losses (gains)

0
(43)

3
(263)

Decrease (increase) in trade receivables
Decrease (increase) in inventories

(303)
(430)

28
(621)

Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes

(142)
(74)

(65)
(338)

Other, net

(31)

95

Subtotal

11(5)Interest and dividends received

91

74

Interest paid
Income taxes refund (paid)

(0)
(99)

(3)
(123)

2

(57)

(1,733)(2,986)

(10)

(1)

3

-

-

18

(52)

(321)

(2)
315

(4)
17

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for environmental
measures
Increase (decrease) in retirement benefit liability
Interest and dividend income

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Payments for retirement of property, plant andequipment
Proceeds from sale of property, plant and equipment
Proceeds from earnest related sales of property, plantand equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Decrease (increase) in time deposits

(55)

89

(1,536)(3,187)

Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings

120
180

(82)
570

Repayments of long-term borrowings
Dividends paid

(202)

(3)
(354)

Purchase of treasury shares
Other, net

(0)
(19)

(0)
(19)

77

109

Net cash provided by (used in) investing activities
Cash flows from financing activities

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents

44

168

(1,411)(2,967)

Cash and cash equivalents at beginning of period

9,192

7,780

Cash and cash equivalents at end of period

7,780

4,813

10

(5) Notes to Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Changes in accounting policies)(Application of the Accounting Standard for Revenue Recognition and other standards)
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020;
hereinafter “Revenue Recognition Standard”) and other standards from the beginning of the fiscal year under review. The
Company recognizes revenue when the control of a promised good or service is transferred to a customer in an amount thatreflects the consideration to which the Company expects to be entitled in exchange for the good or service.
Accordingly, sales rebates were previously treated as selling, general and administrative expenses, but this has been changed
to a method of estimating the amount of the variable portion of the transaction consideration and including this in the transaction
price only for those portions for which there is a high likelihood that a significant reduction in the recognized revenue will notoccur. In addition, with regard to buy-and-sell transactions, previously, extinguishment was recognized for products supplied atcost by the Company, but in cases where there is an obligation to purchase back the supplied products, this has been changed toa method of not recognizing extinguishment of those supplied products.
The Company applies the Revenue Recognition Standard, etc. in accordance with the transitional treatment provided for in theproviso to Paragraph 84 of the Revenue Recognition Standard, but this does not impact the beginning balance of retained earnings.
However, the Company applies the method provided for in Paragraph 86 of the Revenue Recognition Standard and does not
retrospectively apply the new accounting policies to contracts for which substantially all revenue amounts had been recognizedprior to the beginning of the fiscal year under review in accordance with the previous treatment.
As a result of this change, net sales for the fiscal year under review decreased 74 million yen. However, as selling, general andadministrative expenses decreased by the same amount as the decrease in net sales, this did not affect operating profit, ordinary
profit, or profit before income taxes.
(Application of the Accounting Standard for Fair Value Measurement and Other Standards)
The Company has applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4, 2019;
hereinafter “Fair Value Measurement Standard”) and other standards from the beginning of the fiscal year under review, and willprospectively apply the new accounting policies stipulated by the Fair Value Measurement Standard, etc. in accordance with thetransitional treatment provided for in Paragraph 19 of the Fair Value Measurement Standard and Paragraph 44-2 of the“Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019). This did not affect the consolidated
financial statements.
(Segment information, etc.)
As the Group’s business consists of a single segment, manufacture and sale of adhesive tapes, segment information is omitted.
(Per share information)
Net assets per share, and basic earnings per share with the basis for calculation are as follows.

As of March 31, 2021
(1) Net assets per share¥1,146.61

Fiscal year ended
March 31, 2021
(2) Basic earnings per share¥3.59(Calculation basis)
Profit attributable to shareholders of the parent
company on consolidated statements of income
91(Million yen)
Profit not attributable to common shareholders—(Million yen)
Profit attributable to shareholders of the parent
company related to common stock (Million
91
yen)
Average number of shares of common stock
25,332,616
during the period (Shares)(Note) Diluted profit per share is not presented because there are no potential shares.

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As of March 31, 2022
¥1,148.34

Fiscal year ended
March 31, 2022
¥6.42

162
—

162
25,332,253

(Significant subsequent events)
Transfer of non-current assets
The Company transferred non-current assets as per the following on April 15, 2022.
(1) Reason for transfer of non-current assets
In order to effectively utilize management resources(2) Overview of transferred assets
Type
Land, etc.
Location
Higashi-Yodogawa-ward, Osaka City, Osaka(3) Date of transfer agreement
March 30, 2022
(4) Date of transfer
April 15, 2022
(5) Transferee
Per an agreement with the transferee, the Company will refrain from announcing the transferee. There are no capital,
personal, or business relationships between the transferee and the Group, and the transferee is not a related party of the Group.
(6) Effect on profits and losses of relevant events
Due to this transfer of non-current assets, the Company plans to record 150 million yen in gain on sale of non-current assets
under extraordinary income in the following consolidated fiscal year.

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