Consolidated Financial Resultof Q3, FY2021

SIIX Corporation
November 2021

Consolidated Financial Result• Profit and Loss
FY2020_Q3(JPY in millions)

FY2021_Q3

amountamount％Impact ofchange inFX

FY2020_Q3 vs. FY2021_Q3

diff.

％％

Sales

128,632

100.0

163,807

100.0

35,17527.3

Gross Profit

11,4808.9

14,721

9.0

3,240

28.2

SGA

8,613

6.7

11,122

6.8

2,509

29.1

Operating Income

2,867

2.2

3,598

2.2

731

Ordinary Income

2,691

2.1

4,233

2.6

Extraordinary
Income & Loss-1,681-1.30

Corporate tax

4160.3955

EXTRA

Profit attributable toowners of parent

594

3,2740.5

FY2020_Q3 vs. FY2021_Q3,net

diff.(net)

％

4,838

30,336

23.6

25.5

34697

24.3

1,542

57.3

Exchange rate

0.0

1,682-

0.6

539

129.6

2,679

2.0

451.0

(JPY)

2020_Q3

2021_Q3

USD

107.60108.70EUR

120.93129.89

HKD

13.87

14.00

THB

3.42

3.45

RMB

15.37

16.79

• Scope of Consolidation
End ofChanges

FY2020_Q3

Increase

Decrease

End ofFY2021_Q3

Consolidated Subsidiary

221122Equity Method Affiliate

2--2Copyright © 2021 SIIX Corporation All rights reserved.

*Increase:
PT SIIX Trading Indonesia,
a salessubsidiary*増加: インドネシア販売子会社PTSIIX Trading
Indonesia
in Indonesia,was newly consolidated.
を新たに連結いたしました。
減少：2021年1月、タイ販売子会社 SIIX Bangkok Co.,
Decrease:
In January 2021,
Bangkok CO.,Co., LTD.
Ltd., ThaiLtd.の事業をSIIX
EMSSIIX(THAILAND)
sales subsidiary,
its business to SIIX EMS(現 Thai wasSIIXtransferredCo., Ltd.)に譲渡し清算いたしました。
(THAILAND) CO., LTD. (currently Thai SIIX Co., Ltd.).

1

Consolidated Sales by Market Sector• Q3, FY2020 (actual) vs. Q3, FY2021 (actual)(JPY in billions)

163.8
128.6

Air conditioner
ToysDigital home appliance
Kitchen appliance

Exterior+8.3
Car Multimedia+4.4
Switch+1.7
ECU＋1.4
In-vehicle camera +0.9
Sunroof+0.8+0.9-1.3-0.5-0.3

Office equipment

For Government Offices
Servo motor
Invertor
ATMCopyright © 2021 SIIX Corporation All rights reserved.

+2.0+0.6+0.4-0.4+3.2

Chainsaw＋1.9
Power Equipment & Tools +0.6
In-flight AV equipment-2.1
Coin and bill accepter for vending machine-0.42

Operating Profit by Area• Q3, FY2020 (actual) vs. Q3, FY2021 (actual)(JPY in billions)JapanAmericas

Increase in Automotivererated, but
Decrease in In-flight AV
equipment

OtherRefund of U.S.China tariffs
in 2020

EuropeStarted business withEuropean customers.

China
Increase in mainly
Automotive-related andIndustrial equipment

Americas
Increase in projects
in Mexico

Copyright © 2021 SIIX Corporation All rights reserved.

ASEAN
Recovery of orders for officeequipment and industrial
equipment
Increase in Automotive-rerated inIndonesia

3Consolidated Financial Result of Q3, FY2021(JPY in millions)

End ofEnd ofEnd ofQ3, FY2020

FY2020Q3, FY2021

Current assets

Changes

Changes(Q3,FY2020 vs. Q3,FY2021)
amount(FY2020 vs. Q3, FY2021)
amount%%96,564104,254

111,079

14,514

15.0

6,824

6.5

Notes and accounts receivable-trade35,24537,05740,489

5,243

14.9

3,431

9.3

Inventories

38,10336,532

51,16013,05634.3

14,62840.0

Noncurrent assets

40,32440,18142,781

2,457

6.1

2,600

6.5

Total asset

136,889

144,436

153,861

16,971

12.4

9,424

6.5

Current liabilities

52,18759,85565,20413,017

24.9

5,349

8.9

Accounts payable-trade

24,06527,481

34,404

10,339

43.0

6,923

25.2

Short-term loans payable

19,52923,81020,6051,075

5.5-3,204-13.5

Noncurrent liabilities

29,46728,082

26,155-3,311-11.2-1,927-6.9

Bonds payable

10,00010,00010,000----Long-term loans payable

13,696

12,061

10,112-3,583-26.2-1,948-16.2

Total liability

81,65487,93791,360

9,705

11.9

3,422

3.9

Net assets

55,23556,49862,500

7,265

13.2

6,002

10.6

338

354

39152

15.5

36

10.4

136,889

144,436

153,861

16,971

12.4

9,424

6.5

Minority interests
New assets and liability
Exchange rate(USD)

105.80

Copyright © 2021 SIIX Corporation All rights reserved.

103.50111.92

4

CAPEX• CAPEX(JPY in millions)▲PT. SIIX EMS INDONESIA in Jakarta
Construction of the second building completed （Sep. 2021）

Copyright © 2021 SIIX Corporation All rights reserved.

5

Consolidated Financial Forecast(JPY in millions)(JPY in millions)

Sales

FY 2021
Forecast

FY 2021
RevisedForecast

210,000

210,000

FY2021 Original Forecast
vs. FY 2021 Revised
diff.

％

--Operating income

6,800

3.2

5,000

2.4(1,800)(26.5)

Ordinary income

6,600

3.1

5,500

2.6(1,100)(16.7)

5,700

2.7

4,500

2.1(1,200)(21.1)

Profit attributableto owners ofparent
Net income pershare (JPY)120.61

Exchange rate(USD)

Copyright © 2021 SIIX Corporation All rights reserved.

103.0095.22(25.39)

108.706

KPI for Midterm Business Plan
TargetExpandingbusiness withmajor global
companies

Contributing
to adecarbonizedsocietythrough ourbusiness

Diversity
management

KPI for 2023

Q3, 2021

Expansion of nonJapanese ratio

25% ofconsolidated sales

16% of consolidated sales
Project with a European customer has alreadystarted mass production.

Strengthen Reinforce
alliances with technology

5 billion yen ofconsolidated sales

Significant increase in projects for
Government Offices and new orders for 2023.

Customer development in
the medical field

5 billion yen ofconsolidated sales

Same level as the previous year.
Continue to develop business opportunities
around the world.

Expansion of Noncommodity ratio（Automotive-related andIndustrial equipment）

85% ofconsolidated sales

74% of consolidated sales
Decrease in in-flight AV equipment.
On the contrary, sales in the in-vehicle sector
increased year on year.

Expansion of CASErelated business

35 billion yen of
consolidated sales

Steady increase mainly in European
customers.
Increase in projects for EVs in China and theU.S.

Expansion of batteryrelated business10 billion yen of
consolidated sales

Increased orders for battery packs forchain saws, and will start trading in
automotive ones this year.

Improvement of local
executives' ratio

80%

77.0%（As of the end of Sep. 2021）

Improvement of femaleexecutives' ratio50%

31.2%（As of the end of Sep. 2021）

Copyright © 2021 SIIX Corporation All rights reserved.

7

Topics in Q3, 2021
 In Mexico, Europe, China, and ASEAN, demand fromJapanese and European customers for automotive-related
equipment continues to growwe will start the production in various regions from 2022
In Mexico in particular, orders from both Japanese andnon-Japanese customers are expected to increase further
 Completion of the Second Building of PT.SIIX EMSINDONESIA Business with Singapore's public sector is strong thanks tocollaboration with technology partners

Copyright © 2021 SIIX Corporation All rights reserved.

8GovernanceSocial Environment

Initiatives in ESG
Reduce CO2 emission intensity (basic units)

Q3,2021

Target0.32t*

Reduction fromthe previous year

*Tentative values based on the use of
CO2 emission factors as of 2020

〔Installation of solar panels〕（Reference）
End of 2020 : 0.34t

・Installed at the Shanghai Plant and started operation in January
2021. Total emission reduction of 1,817.5 tons per year is expected
at this plant.
・ Also installed at the Jakarta plant, which was completed in Sep.,and are being prepared for operation.
・Considering installation in Mexico. Aiming to start operations in thenext fiscal year.
*Executives: Manager and above

Local executives ratio

Female executives ratio

Ratio of local executives in management of all SIIX Group

Ratio of Female executives in management of all SIIX Group

Q3,2021

TargetQ3,2021

Target

77.0%

80％

31.2%

50％

Complying with the Revised Corporate Governance Code・We have already taken measures to disclose the skills matrix, the number of independent directors, the independence of theNomination and Compensation Advisory Committee, and the establishment of an electronic platform for the exercise ofvoting rights.
・We have been disclosing the ratio of female executives and the ratio of foreign executives as our own KPIs of diversity
management.
・We will continue to educate our employees about compliance at our strategy meetings, which are attended by all Group
executives.

Market restructuring

・ We have received a notice from the TSE that SIIX meets the criteria for listing on the Prime Market and have already applied
for listing on the Prime Market.

Copyright © 2021 SIIX Corporation All rights reserved.

9Disclaimer• The information contained in this document is intended to provide financial
information and management indices of SIIX Corporation (hereinafter referredto as “SIIX"), but no representation or warranty is made regarding the content.
This material is not intended as a solicitation for investment. When actuallyinvesting, please refrain from making investment decisions based entirely on
the information on this material, and make investment decisions based onyour own judgement.
• However, SIIX shall not be liable for any damages caused by errors in theinformation, falsification of data by third parties, or downloading of data forany reason whatsoever.
• Some of the information in this material contains statements regarding futureperformance. Such statements are not guarantees of future performance andare subject to risks and uncertainties. Please be aware that actual results may
differ from these statements due to changes in the environment and otherfactors.

Copyright © 2021 SIIX Corporation All rights reserved.

10