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 Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
February 3, 2023
Company name:C.I. TAKIRON Corporation
Stock exchange listing: Tokyo
Stock code:
Representative:

4215
URL https://www.takiron-ci.co.jp/
Representative Director President
Kazuya Saito

Inquiries:

General Manager Finance & Accounting
Dept.

Shuji Kondo

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo

03-6711-3714(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Percentages 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%
Nine months ended December 31, 2022
109,832
4.2
4,748 (31.6)
4,975 (31.3)
2,907 (49.9)
Nine months ended December 31, 2021
105,455
7.1
6,946
8.8
7,245
9.9
5,804
45.9
Earnings per share

Diluted earnings per share

Yen
29.90
59.66

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
151,918
147,061

As of December 31, 2022
As of March 31, 2022

Equity ratio

Millions of yen
92,671
92,055

Net assets per share%
59.9
61.4

Yen
935.80928.28

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
11.00
11.00

Yen––

Yen
16.00

Yen
27.00

4.00

15.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Net sales
Full year

Millions of yen
145,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen
2.2
5,900 (31.8)
6,100 (32.9)
2,500 (62.5)
25.71

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(3) 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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

97,553,655 shares As of March 31, 2022

97,500,000 shares

Number of treasury shares at the end of the period
As of December 31, 2022

271,516 shares As of March 31, 2022

284,271 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

97,247,547 shares Nine months ended December 31, 2021

297,296,196 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of December 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

7,790
35,534

6,696
33,604

Electronically recorded monetary claims - operating
Merchandise and finished goods

11,584
14,056

15,724
17,073Work in process
Raw materials and supplies

3,237
6,591

3,969
8,832

Deposits paid
Other

14,008
1,625

11,997
1,699

(23)

(21)

94,40399,576

14,87014,722

Machinery, equipment and vehicles, net
Land

9,781
12,914

9,892
12,922

Construction in progress
Other, net

1,243
2,584

948
2,684

Total property, plant and equipment

41,394

41,169Intangible assets
Investments and other assets

2,485

2,658

Investment securities
Deferred tax assets

3,166
3,026

3,002
2,834

Other
Allowance for doubtful accounts

2,586
(2)

2,678
(2)

Total investments and other assets

8,777

8,513

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

Total non-current assets
Total assets

352,65752,341147,061

151,918

(Millions of yen)
As of March 31, 2022

As of December 31, 2022Liabilities
Current liabilities
Notes and accounts payable - trade25,78927,153

Electronically recorded obligations - operating
Short-term borrowings

5,402
3,914

6,925
5,539

Income taxes payable
Provision for bonuses

983
2,260

839
1,229

Other

6,377

7,041

Total current liabilities

44,72848,729

706
5,749

733
5,589

158
394

158
753

Non-current liabilities
Deferred tax liabilities
Retirement benefit liability
Asset retirement obligations
Provision for product warranties
Other

3,267

3,282

Total non-current liabilities

10,277

10,51755,00559,246

Share capital
Capital surplus

15,18930,981

15,20431,034Retained earnings
Treasury shares

43,175(178)

43,450(170)

Total shareholders' equity

89,16789,518

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

76(28)

Deferred gains or losses on hedges
Foreign currency translation adjustment

(12)
625

(5)
1,251

Remeasurements of defined benefit plans

387

300

1,076

1,517

1,811

1,635

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

492,055

92,671147,061

151,918

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

Net sales
Cost of sales

105,455
75,043

109,832
80,915Gross profit

30,411

28,916

Selling, general and administrative expenses

23,46524,168Operating profit

6,946

4,748

Dividend income
Rental income

102117110105

Other314

312

Total non-operating income

534

528

Interest expenses
Rental costs

41637555

Other

129

170

Non-operating income

Non-operating expenses

Total non-operating expenses

234

301

7,245

4,975

55

5

Gain on sale of investment securities
Gain on termination of retirement benefit plan

105–

0131

Gain on liquidation of subsidiaries and associates–

185

161

322

36–

99
391

Loss on COVID-19–

140

Total extraordinary losses

36632

Profit before income taxes

7,370

4,665

Income taxes

1,448

1,753

Profit

5,922

2,911

Ordinary profitExtraordinary income
Gain on sale of non-current assets

Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Provision for product warranties

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5118

4

5,804

2,907

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

5,922

2,911

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

(291)
(2)

(105)
6

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

378
(44)

741
(87)

Total other comprehensive income

40555

5,963

3,467

5,798

3,348

164118Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6