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 Six Months Ended June 30, 2024 [Japanese GAAP]

August 9, 2024
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 & CEOContact:
Daisuke Sugahara
General Manager, Finance & Accounting Div.
Phone:+81-6-6447-5823
Scheduled date of filing quarterly securities report:
August 9, 2024
Scheduled date of commencing dividend payments:
September 6, 2024
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, 2024 (January 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)Net sales

Operating income

Net income attributableto owners of parent

Ordinary income

Million yen%
Million yen%
Million yen%
Million yen%Six months ended
June 30, 2024
121,084
9.9
7,253
42.9
7,146
11.2
5,318
39.5
June 30, 2023
110,181
6.4
5,075
148.0
6,427
156.7
3,812
58.8
(Note) Comprehensive income: Six months ended June 30, 2024:¥15,678million[29.8%]
Six months ended June 30, 2023:¥12,081million[(1.9)%](Note) Because the royalty income which was previously recorded as non-operating income has been included in net sales
from the beginning of the FY2024, the figures for six months ended June 30, 2024 and six months ended June 30, 2023
have been prepared after this change.
Basic earnings
Diluted earnings
per shareper share
Yen
Yen
Six months ended
June 30, 2024
106.26
June 30, 2023
76.20-(2) Consolidated Financial Position
Total assets
Million yen
As ofJune 30, 2024
211,276
December 31, 2023
194,087(Note) Equity: As of June 30, 2024:¥As of December 31, 2023:¥Net assets

Equity ratio

Million yen%118,871
105,651
112,038million
98,797million

53.0
50.9

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end
Yen

Year-end

Total

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2023
15.00
Fiscal year ending December 31, 2024
25.00
Fiscal year ending December 31, 2024 (Forecast)(Note) Revision to the forecast for dividends announced most recently: Yes

-

20.00

35.00

-30.0055.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2024 (January 1, 2024 to December
31, 2024)(% indicates changes from the previous corresponding period.)
Net sales
Million yen%

Operating income Ordinary income

Net income
Basic earnings
attributable toper shareowners of parent

Million yen

Million yen%

Million yen%

Yen

Full year
245,000
7.3
14,000 22.3
13,900(Note) Revision to the financial results forecast announced most recently: Yes%

1.9

9,400

25.9

188.61

* Notes:(1) Changes in significant subsidiaries during the six months ended June 30, 2024
(changes in specified subsidiaries resulting in changes in scope of consolidation):Yes(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:

NoYes
NoNo

(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, 2024:
54,172,361shares
December 31, 2023:
54,172,361shares2) Total number of treasury shares at the end of the period:
June 30, 2024:
4,227,177shares
December 31, 2023:
4,127,549shares
3) Average number of shares during the period:
Six months ended June 30, 2024:
Six months ended June 30, 2023:

50,054,775shares
50,035,674shares* 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 August 9, 2024 and will be uploaded on the Company'swebsite.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2023

As of June 30,2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade17,01359,401

17,08862,255Merchandise and finished goods
Work in process

16,0861,450

17,962
1,475

Raw materials and supplies

14,506

15,336

Other
Allowance for doubtful accounts

2,762(663)

4,845
(673)

110,557

118,291

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

19,892
10,684

20,593
11,000Land
Leased assets, net
Construction in progress

9,817
256
2,223

10,053231
4,247

Other, net

4,201

5,744

Total property, plant and equipment

47,07551,870Total current assets
Non-current assets
Property, plant and equipmentIntangible assets
Goodwill

386

326

Other

3,518

3,650

Total intangible assets

3,904

3,977

Investment securities

30,11833,588

Other

3,312

4,216

Allowance for doubtful accounts

(880)

(668)

Total investments and other assets

32,54937,136

83,52992,984

194,087

211,276

Investments and other assets

Total non-current assets
Total assets- 1 -(Million yen)
As of December 31,2023

As of June 30,2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings

25,57814,0308,354

26,261
14,283
7,676

Current portion of long-term borrowings
Accrued expenses

3,415
5,623

3,409
5,875

Income taxes payable
Provision for bonuses
Other

839
663
3,304

778
626
4,328

Total current liabilities

61,811

63,240Bonds payable
Long-term borrowings
Retirement benefit liability

1,000
11,2855,040

1,000
11,194
5,097

Asset retirement obligations
Other

76
9,221

77
11,794

Total non-current liabilities

26,624

29,16488,43592,404Non-current liabilities

Total liabilities
Net assets
Shareholders' equity
Capital stock

7,472

7,472

Capital surplus
Retained earnings
Treasury shares

5,673
77,740(3,999)5,746
82,057(4,292)

Total shareholders' equity

86,886

90,984

Valuation difference on available-for-sale securities

2,151

2,822

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans2
10,169(411)1
18,573(342)

Total accumulated other comprehensive income

11,91121,054

Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets- 2 -6,853

6,833

105,651

118,871

194,087

211,276

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 30,2023

For the six months
ended June 30,2024

Net sales

110,181

121,084

Cost of sales

86,757

92,076Gross profit

23,42329,007

Selling, general and administrative expenses

18,34821,753Operating income

5,075

7,253

Interest income
Dividend income

7072

15584

Equity in earnings of affiliates
Foreign exchange gains

866
535417-

Other

278

274

1,824

932

Interest expenses
Foreign exchange losses

395-

337
633

Other

77

69

Total non-operating expenses

472

1,040

6,427

7,146-

30-

605-

636

Non-operating income

Total non-operating income
Non-operating expenses

Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of investments in capital of subsidiaries andassociates
Total extraordinary income
Extraordinary losses
Loss on valuation of shares of subsidiaries and associates

280-

Total extraordinary losses

280-

Income before income taxes6,147

7,782

Income taxes - current

1,592

1,655

Income taxes - deferred

296

299

Total income taxes

1,888

1,955

Net income

4,258

5,826

445

507

3,812

5,318

Net income attributable to non-controlling interests
Net income attributable to owners of parent- 3 -Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended June 30,2023
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

For the six months
ended June 30,20244,258

5,826

748

682

1(0)

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

5,425
75

6,627
70

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

1,572

2,472

Total other comprehensive income

7,823

9,852

12,081

15,678

11,10014,461981

1,217

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 4 -Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months
ended June 30,2023
Cash flows from operating activities
Income before income taxes
Depreciation and amortization

For the six months
ended June 30,2024

6,147
2,367

7,782
2,654

Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts

56
3762(14)

Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for bonuses

71(46)

3(33)-(605)

Gain on sales of investments in capital of subsidiaries andassociates
Loss on valuation of shares of subsidiaries and associates

280-

Interest and dividend income
Interest expenses

(143)
395

(240)
337

Equity in (earnings) losses of affiliates

(866)

(417)

(1,272)(30)(2,025)

1,938

141

(2,875)(537)(1,022)(535)

Subtotal

5,068

6,541

Interest and dividend income received

325
(403)

568
(353)

Income taxes paid

(1,241)(2,094)

Net cash provided by (used in) operating activities

3,748

4,661

(1,694)46(1,616)(2,684)172(425)

Purchase of investment securities
Proceeds from sales of investment securities(611)-(502)
836

Payments of loans receivableCollection of loans receivable(30)
35(24)
28-(177)

Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable - trade

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
including electronically recorded obigations - operating
Other, net

Interest expences paid

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets

Payments for sales of investments in capital of subsidiaries
resulting in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities- 5 -(155)196(4,026)(2,580)(Million yen)
For the six months
ended June 30,2023

For the six months
ended June 30,2024

Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

(246)
3,646

(517)
2,000

Repayments of long-term loans payable
Cash dividends paid
Dividends paid to non-controlling interests(1,193)
(750)
(175)

(2,308)(1,000)(223)

Purchase of treasury shares
Other, net

(0)
(125)

(430)
(163)

Net cash provided by (used in) financing activities

1,155(2,643)

Effect of exchange rate change on cash and cash equivalents

1,209761

Net increase (decrease) in cash and cash equivalents

2,086

198

Cash and cash equivalents at beginning of period

11,721

16,21812-

13,82016,417

Increase (decrease) in cash and cash equivalents resulting
from change in scope of consolidation
Cash and cash equivalents at end of period- 6 -