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.

February 9,2022

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2021
(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:+81-3-6414-5522Scheduled date to file quarterly securities report:
February 14,2022
Scheduled date to commence dividend payments:―
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to
December 31, 2021)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended(Percentages indicate year-on-year changes.)

Operating profitProfit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31, 2021

41,854

6.1

1,234

101.4

1,794

70.3

520

(22.2)

December 31, 2020

39,446(5.8)

613(36.3)

1,053(27.4)

668(31.8)

Note: Comprehensive income

For the nine months ended December 31, 2021:¥150 million [(75.8%)]
For the nine months ended December 31, 2020:¥622 million [―%]

Basic earnings
per share
Nine months ended

Diluted earnings
per share
YenYenDecember 31, 2021

37.14―

December 31, 2020

47.09

―

(2) Consolidated financial position
Total assets
As ofNet assets

Equity ratio

Net assets WorthMillions of yen

December 31, 2021

111,225

67,91761.1

4,845.46

March 31, 2021

97,392

68,46270.3

4,886.11

Reference:

EquityAs of December 31, 2021:
As of March 31, 2021:¥67,917 million¥68,462 million%

Yen

Millions of yen

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022――――――

Fiscal year-end

Fiscal year ending
March 31, 2022
(Forecast)

TotalYen

Yen

50.00

50.00

50.00

50.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated Results Forecasts for Fiscal year ending March 31, 2022
(Percentages indicate year-on-year changes.)
Net sales

Fiscal year ending
March 31, 2022

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

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

Yen

58,8007.3

2,10011.1

2,600

10.7

2,100

27.9

149.85

Note: Revisions to the results forecasts most recently announced: Yes

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
Yes(3) 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
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021

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 December 31, 2021

1,308,862 shares

As of March 31, 2021

1,314,072 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended December 31, 2021

14,014,207 shares

Nine months ended December 31, 2020

14,200,003 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* 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.