Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 13, 2022

Summary of Consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
(Under Japanese GAAP)
Company name:
Nippon Beet Sugar Manufacturing Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
2108
URL:
https:// www.nitten.co.jp/
Representative:
Tsukasa Emoto, President
Inquiries:
Yasushi Shirahata, Administration Manager
Telephone:+81-03-6414-5522
Scheduled date of annual general meeting of shareholders:June 28, 2022
Scheduled date to commence dividend payments:
June 29, 2022
Scheduled date to file annual securities report:
June 28, 2022
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31,2022)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net salesOperating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2022

58,492

6.8

2,229

18.0

2,818

20.0

1,975

20.3

March 31, 2021

54,792

(3.9)

1,889

17.0

2,349

12.6

1,642

22.5

Note: Comprehensive income

For the fiscal year ended March 31, 2022:
For the fiscal year ended March 31, 2021:

Basic earnings
per share

Diluted earnings
per share¥ 1,060 million¥ 2,526 million

Return on equity[(58.0%)][―%]Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

YenMarch 31, 2022

141.76

―

2.9

2.8

3.8

March 31, 2021

115.88

―

2.4

2.4

3.4

Reference:

Yen%

Profit or loss on investment accounted for by equity method
For the fiscal year ended March 31, 2022:¥ 40 million
For the fiscal year ended March 31, 2021:¥ 34 million

Note: The “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan Statement No. 29, March 31,2020) has been applied from the first quarter of the year ending March 31, 2022.

(2) Consolidated financial position
Total assets
As ofNet assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

100,458

67,91867.6

5,037.45

March 31, 2021

97,392

68,46270.3

4,886.11

Reference:

EquityAs of March 31, 2022:
As of March 31, 2021:¥ 67,918 million¥ 68,462 million%

Yen(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end ofperiod

Cash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2022

2,577

489

1,381

11,150March 31, 2021

(181)

(2,736)(1,124)6,701

2. Cash dividends
Annual dividends per shareFirstSecond
Third
quarter-end quarter-end quarter-end
Yen
Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
(Forecast)

Yen

Fiscalyear-end

Yen

Total

Yen

Ratio of
Payout ratio dividends to(Consolidated) net assets(Consolidated)

Total cash
dividends(Total)Yen Millions of yen%%――

―

50.00

50.00

700

43.1

1.0

―

―

―

50.00

50.00

674

35.3

1.0

―

―

―

50.00

50.00

―

3. Consolidated Results Forecasts for Fiscal year ending March 31, 2023
(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

YenFirst half

28,0006.9

900(43.8)

1,100(41.6)

800

22.5

59.33

Full fiscal year

62,000

6.0(1,100)―(700)―(500)―(37.08)

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the changein scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

15,325,642 shares

As of March 31, 2021

15,325,642 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

1,842,873 shares

As of March 31, 2021

1,314,072 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2022

13,932,948 sharesFiscal year ended March 31, 2021

14,171,135 shares[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 toMarch 31, 2022)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended

Millions of yen

March 31, 2022
March 31, 2021

Operating profit

Ordinary profit

Profit%Millions of yen%

Millions of yen%

Millions of yen%

56,004

6.9

1,856

17.5

2,342

20.1

2,300

69.1

52,406

(3.9)

1,580

25.4

1,950

18.2

1,360

29.0

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

March 31, 2022

165.10―March 31, 2021

95.99―

Yen(2) Non-consolidated financial position
Total assets
As ofNet assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

95,70560,89563.6

4,516.51

March 31, 2021

92,28961,20566.3

4,368.21

Reference:

EquityAs of March 31, 2022:
As of March 31, 2021:%¥ 60,895 million¥ 61,205 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.

Yen* Proper use of earnings forecasts, and other special matters
Financial forecasts and other forward-looking statements herein are based on information available to theCompany and certain assumptions deemed reasonable as at the time of preparing this report. Actual results
may vary significantly from the forecasts due to a wide range of factors.