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 Three Months Ended June 30, 2021
(Based on Japanese GAAP)
July 29, 2021
Company name:Shibaura Machine Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

6104
URL https://www.shibaura-machine.co.jp
President and Chief Operating Officer
Shigetomo Sakamoto

Inquiries:

Public Relations & Investor Relations
Department

Minoru Aoki

Senior Manager
Scheduled date to file Quarterly Securities Report:

August 5, 2021

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

NoTEL

03(3509)0444(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2021Three months ended June 30, 2020

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%
25,59826.4
422 967.8
390–
(102)
–
20,245 (21.3)
39–(42)–(500)–Earnings per share

Diluted earnings per share

Yen(4.23)(20.75)Three months ended June 30, 2021
Three months ended June 30, 2020

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2021
As of March 31, 2021Net assets

Millions of yen
141,571
134,296

Equity ratio

Millions of yen
78,357
82,152%55.3
61.2

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
37.50

Yen–

Yen
37.50

Yen
199.30

37.50

–

37.50

75.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
52,00022.9
800–300–0––
September 30, 2021
Full year
106,000
14.4
2,700 607.1
2,200 152.0
1,000–
41.42

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2021
(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:

No(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:

Yes
NoChanges 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 June 30, 2021

29,977,106 shares As of March 31, 2021

29,977,106 shares

Number of treasury shares at the end of the period
As of June 30, 2021

5,831,518 shares As of March 31, 2021

5,831,373 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2021

24,145,666 shares Three months ended June 30, 2020

224,135,135 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021

As of June 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade42,417
27,68244,082–

Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods

–
6,736

19,882
16,899Work in process
Raw materials and supplies

22,32764

24,65859

Other
Allowance for doubtful accounts

3,560
(37)

4,221
(33)

102,752

109,770

39,252(29,348)

39,300(29,465)

9,903

9,834

Machinery, equipment and vehicles
Accumulated depreciation and impairment

24,421(21,703)

24,152(21,119)

Machinery, equipment and vehicles, net

2,718

3,033

7,098
264

7,078
303Accumulated depreciation and impairment

(153)

(158)

Leased assets, net

111

144

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation and impairment
Buildings and structures, net

Land
Leased assets

Construction in progress

474

124

7,238
(6,786)

7,059(6,617)452

441

20,75820,657

Other

571

562

Total intangible assets

571

562

Investment securities
Long-term loans receivable

8,341
68,697
2

Deferred tax assets
Other

409
2,765

445
2,749

Other
Accumulated depreciation and impairmentOther, net
Total property, plant and equipment
Intangible assets

Investments and other assets

Allowance for doubtful accounts(1,310)(1,314)

Total investments and other assets

10,213

10,580Total non-current assets
Total assets

3

31,54331,800134,296

141,571

(Millions of yen)
As of March 31, 2021

As of June 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade17,613

18,572

Short-term borrowings
Income taxes payable

10,59074

10,590103

Accrued expenses
Provision for bonuses

2,341
1,096

2,061625Provision for product warranties
Advances received

591
5,345

564
14,885

Other

1,316

2,336

Total current liabilities

38,96949,739

3,800
5

3,550
5570

1,072

Non-current liabilities
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability

58

62

8,518

8,521

Asset retirement obligations
Other

105
115

140
121

Total non-current liabilities

13,174

13,474

52,144

63,213

Shareholders' equity
Share capital

12,484

12,484

Capital surplus
Retained earnings

11,53869,522

11,53865,454

Treasury shares(16,346)(16,346)

Total shareholders' equity

77,19873,130

3,749
1,737

3,996
1,714

Total liabilities
Net assets

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

(533)

(484)

Total accumulated other comprehensive income

4,953

5,226

Total net assets
Total liabilities and net assets

482,152

78,357

134,296

141,571

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

Three months ended

June 30, 2020

June 30, 2021

Net sales
Cost of sales

20,245
14,16825,59818,824Gross profit

6,076

6,773

Selling, general and administrative expenses

6,036

6,350

39422

Interest income
Dividend income

16110

18110

Foreign exchange gains
Rental income

1411–
11

Subsidies for employment adjustment
Other954

100
46

Total non-operating income

216288Operating profit
Non-operating incomeNon-operating expenses
Interest expenses

2032

Brand fee expense
Foreign exchange losses

0––19

Outsourcing expenses
Other

94
183

42226

Total non-operating expenses

299

320(42)

390

Gain on sale of non-current assets

09

Total extraordinary income

09

Loss on disposal of non-current assets
Extra retirement payments

23265

11–

Total extraordinary losses

288

11Profit (loss) before income taxes

Ordinary profit (loss)
Extraordinary income

Extraordinary losses

(331)

388

Income taxes - current
Income taxes - deferred

74
95

113
377

Total income taxes

169491

Loss(500)(102)

Loss attributable to owners of parent(500)

(102)

5

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

Loss
Other comprehensive income

Three months ended

Three months ended

June 30, 2020

June 30, 2021
(500)

(102)

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

246
9247
–

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

1650

(22)
48

Total other comprehensive income

322

272

(178)

170

(178)

170

––Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6