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 Non-Consolidated Financial Results
for the Nine Months Ended December 31, 2021
(Based on Japanese GAAP)
January 31, 2022
Company name:
DAIKEN MEDICAL CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

7775
President

URL

http://www.daiken-iki.co.jp
Keiichi Yamada

Inquiries:

General Manager Finance and AccountingDivision

Toshikazu Itami

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

February 1, 2022–

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

NoNo

TEL

0725-30-3574(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changesNet sales
Nine months ended December 31, 2021
Nine months ended December 31, 2020

Millions of yen
6,420
6,015

Operating profit% Millions of yen
6.7933(7.5)
846

Earnings per share

Ordinary profit% Millions of yen
10.3
933(11.7)
882

%
4.7
(8.9)

Diluted earnings per share

Yen
23.05
22.01

Nine months ended December 31, 2021
Nine months ended December 31, 2020

Profit% Millions of yen
5.8662(9.3)
632

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
10,752
10,752As of December 31, 2021
As of March 31, 2021

Equity ratio

Millions of yen
6,273
6,182%
58.3
57.5

2. Cash dividends
Annual dividends per share

Year ended March 31, 2021
Year ending March 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––Yen
9.00
9.00

Yen––

Yen
11.00

Yen
20.00

11.00

20.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
8,400

Operating profit% Millions of yen
6.8
1,100

Ordinary profit% Millions of yen
19.4
1,100

1Profit% Millions of yen
14.9
770

Earnings per share%
14.0

Yen
26.80

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) 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:Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021

31,840,000 shares As of March 31, 2021

31,840,000 shares

Number of treasury shares at the end of the period
As of December 31, 2021

3,111,559 shares As of March 31, 2021

3,111,559 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2021

28,728,441 shares Nine months ended December 31, 2020

228,728,441 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2021

As of December 31, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade2,170,643
1,597,757

2,081,992
1,463,428

Electronically recorded monetary claims - operating
Finished goods

989,922
891,412

1,096,225
958,529Work in process
Raw materials

86,665443,833

78,831
501,947

Other
Allowance for doubtful accounts

92,402(87)

177,089(87)

6,272,550

6,357,956

2,019,367
1,703,670

1,959,730
1,703,670

Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Land
Other, net

502,053494,216

4,225,091

4,157,618

Intangible assets

21,723

15,935Investments and other assets
Deferred tax assets

166,802

166,80291,404(24,650)

78,360(24,650)

Total property, plant and equipment

Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3233,555

220,5114,480,370

4,394,065

10,752,921

10,752,021

(Thousands of yen)
As of March 31, 2021

As of December 31, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade849,189

456,594

141,925
1,000,000

591,656
1,500,000

Current portion of long-term borrowings
Income taxes payable

704,034
111,074

551,434
167,885

Accrued expenses
Provision for Sales allowance

179,500
179,346

82,923–

Asset retirement obligations
Other

6,738
175,208–
301,286

Total current liabilities3,347,018

3,651,779

Non-current liabilities
Long-term borrowings

1,177,859

788,371

Electronically recorded obligations - operating
Short-term borrowings

Other

45,76838,203

1,223,627

826,574

4,570,645

4,478,353

Share capital
Capital surplus

495,875
400,875

495,875
400,875

Retained earnings
Treasury shares

7,112,107(1,826,582)

7,199,674(1,826,582)

Total shareholders' equity

6,182,275

6,269,841

–

3,825

6,182,275

6,273,667

10,752,921

10,752,021

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Share acquisition rights
Total net assets
Total liabilities and net assets

4Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months ended

December 31, 2020

December 31, 2021

Net sales
Cost of sales

6,015,232
3,321,998

6,420,476
3,579,100

Gross profit

2,693,234

2,841,375

Selling, general and administrative expenses

1,846,676

1,907,700

846,557

933,675

0449

0
900

1,059
36,072

796
–

760
551

1,027
181

38,893

2,905

2,802

2,871

–

50Operating profit
Non-operating income
Interest income
Compensation income
Gain on forfeiture of unclaimed dividends
Subsidy income
Miscellaneous income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

2,802

2,922

882,649

933,658

4,009

901

4,009

901

Profit before income taxes

878,639932,757

Income taxes

246,345

270,622

Profit632,294

662,135

5