TRANSLATED
August 11, 2021

Consolidated 2nd Quarter Financial Results
for the Fiscal Year Ended December 31, 2021
(January 1, 2021 to June 30, 2021)
Company name:
Stock code:
Stock exchange listing (Section):
Head office:
URL:
President:
Contact:

Telephone:
Scheduled date of filing quarterly financial
statement:
Scheduled date of payment of cash dividends:

SIIX Corporation
7613
Tokyo Stock Exchange, (First Section)
Osaka, Japan
http://www.siix.co.jp
Koji Yanase
Seiji Ono
Director, Executive Officer and General Manager,
Finance and Accounting Department+81-6-6266-6415
August 11, 2021
September 1, 2021

(Amounts rounded down to million yen)

1. Consolidated Financial Results (January 1, 2021 – June 30, 2021)(1) Consolidated Results of Operations(The percentages in the table below represent changes from the previous fiscal year)
Net sales
Operating income
Ordinary income
YoY change
YoY change
YoY
Million yen
Million yen
Million yen(%)(%)
change (%)
2nd quarter ended Jun. 2021
2nd quarter ended Jun. 2020

109,470
80,23436.4(29.5)

Profit attributable to owners ofparent
YoY change
Million yen(%)
2nd quarter ended Jun. 2021
2nd quarter ended Jun. 2020

2,452(641)

2,541
1,048

142.5
(66.4)

2,917
784

271.9
(75.5)Net income per share (basic)

Net income per share (diluted)

YenYen51.90(13.58)－－51.83－(note) Comprehensive income
2nd quarter ended June 2021:
6,858 million yen (y/y －%)2nd quarter ended June 2020:-2,371 million yen (y/y －%)(Note) Diluted net income per share data for the second quarter period in the fiscal year ending December 31, 2020 are not shown in the abovetable, as net income per share was negative although there are residual shares.

(2) Consolidated Financial Position
Total assets
Million yen
2nd quarter ended Jun. 2021
Year ended Dec. 2020
(Reference) Stockholders’ equity:
2nd quarter ended June 2021:
Year ended December 2020:

Net assets
Million yen
149,643
144,436

Capital-to-asset ratio%
62,601
56,49862,144 million yen
56,084 million yen

―1―

41.5
38.8

TRANSLATED
2. Dividends
Annual dividends per share(Base date)

1st quarter2nd quarter
Yen
14.00
15.00

―
Year ended Dec. 2020
―Year ended Dec. 2021
Year ended Dec. 2021
(forecasts)(note) Changes in Forecasts for Dividends during this quarter:

3rd quarter

Term-end
Yen

―

15.00

Annual dividends
Yen
29.00

―

15.00

30.00

None

3. Consolidated Business Performance Forecasts for the Year Ending December 2021
(January 1, 2021 – December 31, 2021)
Net sales
Million yen
Full year(The percentages in the table below represent changes from the previous fiscal year)
Operating income
Ordinary income
YoY change
YoY change
YoY
Million yen
Million yen(%)(%)
change (%)

210,000

15.6

6,600

48.5

(Note) Changes in Consolidated Business Performance Forecasts for the Fiscal Year Ending December 2021 during this quarter:

None

Profit attributable to owners ofparent
YoY change
Million yen

6,800

Net income per share (basic)
Yen

(%)

Full year

5,700

52.7

230.6

120.61＊ Note(1) Transfer of important subsidiaries during the period (transfer of specific subsidiaries in association with changes in thescope of consolidation):
Change(Changes in specified subsidiaries resulting in changes in the scope of consolidation)
Newly added: 1 company (Company name: PT. SIIX Trading Indonesia)
Excluded: 1 company (Company name: SIIX Bangkok Co., Ltd.)(2) Adoption or non-adoption of a specific method in accounting procedures:

None(3) Changes in accounting policy and accounting estimate, and restatement related to consolidated financial statements(i) Changes associated with the revision of accounting standards:
None(ii)Changes other than those described in (i):None(iii)Changes in accounting estimate:None(iv)Restatement:
None(4) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of the fiscal year (including treasury stock):
2nd quarter ended Jun. 2021:
50,400,000 sharesYear ended Dec. 2020:
50,400,000 shares(ii) Number of treasury stock at the end of the fiscal year:
2nd quarter ended Jun. 2021:
3,139,763 sharesYear ended Dec.2020:
3,139,729 shares(iii)Average number of shares outstanding:
2nd quarter ended Jun. 2021:
47,260,246 shares
2nd quarter ended Jun. 2020:
47,254,398 shares.
*These financial statements have not been prepared for the purpose of review procedures.
*Explanations and other special notes concerning the appropriate use of business performance forecasts
The consolidated business performance forecasts given above are based on the information available at the current time and assumptionsof supposable market trends, etc., and thus may greatly differ from future performance for a variety of future reasons.

―2―TRANSLATED■ Consolidated Financial Statements(1) Consolidated Balance Sheets(JPY in millions)
As of Dec. 31, 2020

As of Jun. 30, 2021

AssetsCurrent assets
Cash and deposits

23,13015,178Notes and accounts receivable-trade

37,05740,983Merchandise and finished goods

19,274

18,439Work in process

1,376

1,457

Raw materials and supplies

15,88023,984

Other

7,574

7,374

Allowance for doubtful accounts

(39)

(48)

104,254

107,368

Buildings and structures, net

13,551

13,857

Machinery, equipment and vehicles, net

10,575

11,205

Land

3,815

3,883

Other, net

4,124

4,325

Total property, plant and equipment

32,06633,271Intangible assets

2,421

2,579

Investment securities

2,101

2,642

Investments in capital

958

1,006

Other

3,156

3,299

Allowance for doubtful accounts

(523)

(524)

5,693

6,424

40,181

42,274144,436

149,643

Total current assetsNoncurrent assets
Property, plant and equipment

Investments and other assets

Total Investments and other assets
Total noncurrent assets
Total assets―3―TRANSLATED(JPY in millions)

As of Dec. 31, 2020

As of Jun. 30, 2021

Liabilities
Current liabilities
Accounts payable-trade

27,481

32,424

Short-term loans payable

23,81017,291

Income taxes payable

1,710

2,012

Other

6,852

8,369

59,85560,097

Bonds

10,00010,000Long-term loans payable

12,061

11,309

751

784

5,269

4,850

28,082

26,94487,93787,042

Capital stock2,144

2,144

Capital surplus

5,631

5,631

Retained earnings

53,98055,674

Treasury stock(5,949)(5,949)55,80657,499Foreign currency translation adjustment

90
323

660
4,117

Adjustment for retirement benefits

(136)

(133)

Total accumulated comprehensive income

277

4,644

Subscription rights to shares

59

70

Non-controlling interests

354

386

Total net assets

56,49862,601

Total liabilities and net assets

144,436

149,643

Total current liabilities
Noncurrent liabilities

Liabilities for retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated comprehensive income
Valuation difference on available-for-sale securities―4―

TRANSLATED(2) Consolidated Statements of Income(JPY in millions)Jan. 1, 2020 - Jun. 30, 2020

Jan. 1, 2021 - Jun. 30, 2021

Net sales

80,234

109,470

Cost of sales

73,467

99,410Gross profit

6,767

10,059Selling, general and administrative expenses

5,718

7,517

Operating income

1,048

2,541

Interest income

59

11

Dividends income

1815

Foreign exchange gains－206

Subsidy income

13088

Gain on sales of goods

61320

Gain on sales of scrap

8185

Other115

117

Total non-operating income

468

846

Interest expenses

196

137

Share of loss of entities accounted for using equity method152

3Foreign exchange losses
Purchase of goods

158
42－
276

Other

182

53

Total non-operating expenses

731

471

784

2,917

Gain on reversal of share acquisition rights－0

Total extraordinary income－

0Losses related to COVID-19

1,610

－

Total extraordinary losses

1,610

－

Income before income taxes

(826)

2,917

Income taxes-current

(121)

1,155

Income taxes-deferred

(56)

(695)

Total income taxes-current

(178)

459

Net Income

(647)

2,457

(6)

4(641)

2,452

Non-operating income

Non-operating expenses

Ordinary income
Extraordinary income

Extraordinary loss

Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent―5―

TRANSLATED
Consolidated Statements of Comprehensive Income(JPY in millions)Jan. 1, 2020 - Jun. 30, 2020
Net Income(loss)

Jan. 1, 2021 - Jun. 30, 2021

(647)

2,457

Valuation difference on available-for-sale securities

(63)

570

Deferred gains or losses on hedges

10－

Foreign currency translation adjustment(1,649)3,753

Remeasurements of defined benefit plans

107

Equity equivalent of equity method affiliate(31)

69(1,723)

4,400(2,371)

6,858(2,355)

6,825

(15)

32

Other comprehensive income

Total other comprehensive income
Comprehensive income(Content)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests―6―

TRANSLATED(3) Consolidated Statements of Cash Flows(JPY in millions)

Net cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Foreign exchange losses (gains)
Equity in (earnings) losses of affiliates
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in consumption taxes refund receivable
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received
Decrease (increase) in accounts receivable-other
Increase (decrease) in accounts payable-other
Increase (decrease) in accrued expenses
OtherSubtotal
Interest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investment activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments of loans receivableCollection of loans receivable
Proceeds from subsidy income
Other
Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Payments for redemption of bonds with share subscription rights
Purchase of treasury stock
Cash dividends paid
OtherNet 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
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents from newly consolidated subsidiary
Cash and cash equivalents at end of period―7―

Jan. 1, 2020 - Jun. 30, 2020

Jan. 1, 2021 - Jun. 30, 2021

(826)
3,033
(23)
(78)
196
197
152
6,470
(1,716)154(8,352)
(589)
54
69
570
(133)
(820)

2,917
2,972
1(27)
137
(448)
3(2,314)(5,370)
399
3,775
30
252
1,216
(382)
(219)
2,942

39(191)(785)(1,759)18(130)
(644)
2,185

(3,497)21(226)
(12)
11
109
(8)
(3,601)(1,880)19(442)
(16)
15
64
54
(2,185)(5,784)6,800(1,417)
9,949(5,948)－(661)
(239)
2,698
(274)
(2,936)15,035－
12,098(6,887)936(2,178)
－－
(0)
(708)
(248)
(9,086)
1,137(7,949)22,96840
15,059(4) Notes to Quarterly Consolidated Financial Statements(Notes on premise of a going concern)
Not applicable.

TRANSLATED(Notes in the event of a significant change in the amount of shareholders' equity)
Not applicable.
(Additional Information)
Accounting estimate for the impact of the COVID-19 infection
During the first half of the current fiscal year, there were no significant changes to the accounting estimates regarding theimpact of the COVID-19 infection described in Additional Information of the 29th Annual Securities Report.
Although the Group has made careful estimates based on external information available at the time of preparation of thequarterly consolidated financial statements, the timing of convergence of the said infectious disease is currently
unpredictable, and actual results may differ from the above estimates.

―8―