Consolidated Financial Results
for the Six Months Ended June 30, 2021
[Japanese GAAP]
August 06, 2021
Company name: ISEKI&CO., LTD.
Stock exchange listing: Tokyo
Code number: 6310
URL: https://www.iseki.co.jp
Representative: Shiro Tomiyasu,President and Representative Director
Contact: Yoshikazu Ogusu,General Manager of Financial Department
Phone: +81-3-5604-7671
Scheduled date of filing quarterly securities report: August 06, 2021
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended June 30, 2021 (January 01, 2021 to June 30, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Six months ended
June 30, 2021
86,672
20.0
4,721
271.6
5,508
415.4
4,127
321.2
June 30, 2020
72,245(6.8)
1,270(22.4)
1,068
25.8
979
47.3
(Note) Comprehensive income:Six months ended June 30, 2021:¥4,637 million [-%]
Six months ended June 30, 2020:¥413 million [21.1%]
Basic earnings
per share
Six months ended
June 30, 2021
June 30, 2020

Diluted earnings pershare
Yen

Yen

182.5643.35

182.4443.31(2) Consolidated Financial Position
Total assets
Million yen
As ofJune 30, 2021
195,041
December 31, 2020
187,428(Reference) Equity: As of June 30, 2021:
As of December 31, 2020:

Net assets
Million yen¥¥1

Capital adequacy ratio

67,051
62,41965,272 million
60,657 million

%

33.5
32.4

Net assets per shareYen

2,887.00
2,683.14

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

-

0.00

0.00

---

Fiscal year ended December 31, 2020--

Fiscal year ending December 31, 2021--

Fiscal year ending December 31, 2021
(Forecast)Year-end

Total(Note) Revision to the forecast for dividends announced most recently:
NoThe dividend forecast for the fiscal year ending December 31, 2021 has been undetermined at this moment.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2021(January 01, 2021 to December 31, 2021)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Full year
153,500
2.8
3,600
72.7
(Note) Revision to the financial results forecast announced most recently:

Million yen

3,500
No

* Notes:(1) Changes in significant subsidiaries during the six months ended June 30, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:Exclusion:(Company name:%

105.6Million yen

2,400(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No

2) Total number of treasury shares at the end of the period:
June 30, 2021:
375,798 shares
December 31, 2020:
378,173 shares
3) Average number of shares during the period:
Six months ended June 30, 2021:
Six months ended June 30, 2020:

22,607,435 shares
22,601,354 shares

2-Yen

106.18No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2021:
22,984,993 shares
December 31, 2020:
22,984,993 shares%))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of June 30,2021

10,787
21,78043,881
6,775
1,189
5,599
(35)
89,97914,32032,14840,040
6,586
1,122
3,632
(44)
97,80625,212
44,69016,38486,287
1,967

24,74344,617
16,08985,450
2,232

4,609
4,721
(136)
9,193
97,449187,428

5,036
4,630
(114)
9,552
97,235
195,041(Million yen)
As of December 31,2020
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors
Net defend benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

4

As of June 30,2021

20,206
16,66629,781
7,679
438
425
10,95086,147

20,924
20,21827,446
6,059
1,051
632
10,88987,222

24,114
4,097

25,934
4,097

145

145

3,144
322
7,036
38,861125,009

3,068
323
7,196
40,767
127,989

23,344
13,44914,493(941)
50,34623,344
13,44818,620(934)54,479(91)241(2)
8,835
588
980
10,31037
1,724
62,419187,428

2
8,835
755
958
10,79230
1,748
67,051
195,041

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended June 30,2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using equity
methodSettlement received
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity
methodOther
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on change in equity
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current assets
Impairment loss
Loss on valuation of investment securities
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5

For the six months
ended June 30,2021

72,24550,801
21,444
20,173
1,270

86,67260,88625,78521,064
4,721

95
91
-

71
78
281

-

34

392
578

401
429
1,297

324
60

300
-

181

-

213
780
1,068

209
510
5,508

15
650
666

28
28

74
152
128
1,607
383
234
617
989
9
979

84
34
0
119
5,418
1,367(100)
1,267
4,151
244,127

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended June 30,2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

6For the six months
ended June 30,2021
989

4,151(459)
20(8)
(0)

332
4149(21)(127)

21(575)
413

486
4,637

405

4,609

828

Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months
ended June 30,2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Impairment loss
Increase (decrease) in retirement benefit liability
Loss (gain) on sales of investment securities
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of property, plant and equipment
and intangible assets
Loss (gain) on change in equity
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment andintangible assets
Proceeds from sales of property, plant and equipment
and intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Decrease (increase) in time deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from sale and leaseback transactions
Repayments of lease obligations
Purchase of treasury shares
Dividends paid
Other, net
Net 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
Cash and cash equivalents at end of period

7

For the six months
ended June 30,2021

1,607
4,144
1
133(186)
324
(16)

5,418
3,171
134(83)0(150)
300
(84)

58

55

(650)
(10,556)(2,421)3,570
1,276(2,813)
194
(322)
(154)
(3,096)(10,226)
4,456
4,058
1,230
8,182
154
(295)
(591)
7,449

(4,972)(2,562)

153

561

(0)
(253)
452
(4,620)(0)3(252)
904(1,345)

8,511
3,100
(3,849)634(1,058)
(0)
(671)
(3)
6,664

(2,575)5,284(5,146)534(1,035)(0)(1)(4)(2,944)10120(1,041)
8,369
7,327

3,280
10,752
14,032