Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any
discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended September 30, 2023[Japanese GAAP]

November 10, 2023
Company name:
SAKATA INX CORPORATION
Stock exchange listing: Tokyo
Code number:
4633
URL:
https://www.inx.co.jp/english/
Representative:
Yoshiaki Ueno
Representative Director, President & CEO
Contact:
Daisuke Sugahara
General Manager, Finance & Accounting Div.
Phone:+81-6-6447-5823
Scheduled date of filing quarterly securities report:
November 10, 2023
Scheduled date of commencing dividend payments:－Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session:
No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended September 30, 2023 (January 1, 2023 to September 30,2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net income attributable
Net sales
Operating income
Ordinary income
to owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
September 30, 2023
168,634
5.5
8,525
160.7
10,116
173.7
6,637
114.8
September 30, 2022
159,84919.6
3,270(47.7)
3,696(48.2)
3,090(35.5)(Note) Comprehensive income: Nine months ended September 30,2023: ¥
17,412million[13.5%]
Nine months ended September 30,2022: ¥15,341million[53.5%]
Basic earnings
Diluted earnings
per shareper shareYenYen
Nine months ended
September 30, 2023
132.65September 30, 2022
56.98
(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2023
197,271
December 31, 2022
177,403(Note) Equity: As of September 30, 2023:¥
As of December 31, 2022:¥Net assets

Equity ratio

Million yen%

108,576
92,952
100,812million
86,272million

51.1
48.6

2. Dividends
Annual dividends
1st2nd3rdYear-endquarter-end quarter-end quarter-end
Yen

TotalYen

Yen

Yen

Yen

Fiscal year ended December 31, 2022
15.00Fiscal year ending December 31, 2023
15.00
Fiscal year ending December 31, 2023(Forecast)(Note) Revision to the forecast for dividends announced most recently: No-15.00

30.00

16.00

31.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023(January 1, 2023 to December31, 2023)(% indicates changes from the previous corresponding period.)
Net income
Basic earnings
Net sales
Operating income Ordinary income attributable toper shareowners of parent%

Million yen%

Yen

Full year
226,000
4.9 10,000 142.4 12,100 143.9(Note) Revision to the financial results forecast announced most recently: NoMillion yen%

Million yen%

Million yen

7,900

73.4

157.87

* Notes:(1) Changes in significant subsidiaries during the nine months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards:
2) Changes in accounting policies other than 1) above:3) Changes in accounting estimates:
4) Retrospective restatement:

NoNoNoNo(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
54,172,361shares
December 31, 2022:
54,172,361shares2) Total number of treasury shares at the end of the period:
September 30, 2023:
4,127,544shares
December 31, 2022:
4,143,541shares
3) Average number of shares during the period:Nine months ended September 30, 2023:
Nine months ended September 30, 2022:

50,038,419shares
54,234,985shares*This consolidated financial results are not subject to quarterly review procedures by Certified Public Accountants or audit
firm.
*Explanation of appropriate use of financial forecasts and other special notes
The above financial forecasts are based on the current available information in the Company and certain reasonableassumption to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ fromthese forecasts by a variety of reasons.
*Supplementary information will be disclosed on TDnet on November 10, 2023 and will be uploaded on the Company'swebsite.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2022

As of September 30,2023

12,12053,862

16,48059,444Merchandise and finished goods
Work in process

13,164
1,514

16,535
1,556

Raw materials and supplies

18,66914,425

Other
Allowance for doubtful accounts

2,394
(575)

3,549
(649)

101,150

111,341

Buildings and structures, net
Machinery, equipment and vehicles, net

19,85810,391

20,266
10,773Land
Leased assets, net
Construction in progress

9,816
231
3,814

10,071
228
5,145

Other, net

4,273

4,441

Total property, plant and equipment

48,38550,926

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

441

425

Other

1,901

3,565

Total intangible assets

2,342

3,990

Investment securities

23,942

29,210

Other

2,592

2,884

Allowance for doubtful accounts(1,010)(1,083)

Total investments and other assets

25,52431,011

76,25285,929177,403

197,271

Investments and other assets

Total non-current assets
Total assets

(Million yen)
As of December 31,2022

As of September 30,2023

Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans payable

23,121
14,316
11,046

24,40913,926
9,183

Current portion of long-term loans payable
Accrued expenses

1,979
4,656

3,583
4,991

Income taxes payable
Provision for bonuses
Other524
547
2,951

621
958
3,318

Total current liabilities

59,14360,994

Bonds payable
Long-term loans payable

1,000
11,2441,000
12,131

Net defined benefit liability

4,869

4,987

Asset retirement obligations
Other

74
8,119

75
9,505

Total non-current liabilities

25,307

27,70084,45088,694

Capital stock
Capital surplus
Retained earnings

7,472
5,672
71,7297,472
5,673
76,910Treasury shares(4,015)(3,999)Total shareholders' equity

80,85986,056

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

1,111(0)2,1479Foreign currency translation adjustment
Remeasurements of defined benefit plans

5,010(709)

13,203(605)

Liabilities
Current liabilities

Non-current liabilities

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

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

5,412

14,755

6,680

7,764

92,952

108,576

177,403

197,271

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the nine months)(Million yen)
For the nine months
ended September 30,2022

For the nine months
ended September 30,2023

Net sales

159,849

168,634

Cost of sales

130,677

132,023

Gross profit

29,171

36,610

Selling, general and administrative expenses

25,901

28,085

Operating income

3,270

8,525

Interest income
Dividend income

40
179

137
78

Equity in earnings of affiliates

730

1,357

Non-operating income

Foreign exchange gains

-296

353

428

1,303

2,297

352
481

587
-

Other43118

Total non-operating expenses

877

706

3,696

10,116

Gain on sales of investment securities
Gain on sale of businesses

1,442-

415

Total extraordinary income

1,442

41530-

Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses

Ordinary income
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of shares of subsidiaries and associates-280

Total extraordinary losses

30280

Income before income taxes

5,107

10,251

Income taxes - current

1,646

2,588

Income taxes - deferred

144

303

Total income taxes

1,790

2,892

Net income

3,317

7,358

226

721

3,090

6,637

Net income attributable to non-controlling interests
Net income attributable to owners of parent

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended September 30,2022

For the nine months
ended September 30,2023

Net income

3,317

7,358

Other comprehensive income
Valuation difference on available-for-sale securities

(956)

1,030

(0)
9,841

96,792

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

78107

Share of other comprehensive income of affiliates
accounted for using equity method

3,061

2,113

Total other comprehensive income

12,024

10,053

15,341

17,412Comprehensive income attributable to owners of parent

13,983

15,980Comprehensive income attributable to non-controllinginterests

1,358

1,431

Comprehensive income
Comprehensive income attributable to