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 Three Months Ended March 31, 2023[Japanese GAAP]May 12, 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 & CEOContact:
Daisuke Sugahara
General Manager, Finance & Accounting Div.
Phone:+81-6-6447-5823
Scheduled date of filing quarterly securities report:
May 12, 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 Three Months Ended March 31, 2023 (January 1, 2023 to March 31, 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%Three months ended
March 31, 2023
54,214
10.6
2,428
62.3
3,094
37.4
2,015
44.7
March 31, 2022
49,00813.4
1,495 (46.0)
2,252 (21.0)
1,392 (24.1)(Note) Comprehensive income: Three months ended March 31, 2023: ¥3,854million[ (33.2)%]
Three months ended March 31, 2022: ¥5,769million[(6.9)%]
Basic earnings
Diluted earnings
per shareper share
YenYenThree months ended
March 31, 2023
40.28
March 31, 2022
23.83
(2) Consolidated Financial Position
Total assets
Million yen
As ofMarch 31, 2023
180,600
December 31, 2022
177,403(Note) Equity: As of March 31, 2023:¥
As of December 31, 2022:¥Net assets

Equity ratio

Million yen%

95,933
92,952
89,068million
86,272million

49.3
48.6

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

Total

Yen

Yen

Yen

Yen

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

15.00

30.00

-

15.00

30.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023(January 1, 2023 to December
31, 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%

Million yen%

Million yen

Six months ended June 30,
109,000
5.3
3,900 92.2
4,500
2023
Full year
222,000
3.06,000 45.4
6,800(Note) Revision to the financial results forecast announced most recently: Yes%

Million yen%

Yen

79.7

3,000

25.0

59.96

37.1

4,700

3.293.93

* Notes:(1) Changes in significant subsidiaries during the three months ended March 31, 2022
(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:

NoNo
No
No

(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2023:
54,172,361shares
December 31, 2022:
54,172,361shares2) Total number of treasury shares at the end of the period:
March 31, 2023:
4,143,643shares
December 31, 2022:
4,143,541shares
3) Average number of shares during the period:
Three months ended March 31, 2023:
Three months ended March 31, 2022:

50,028,756shares
58,436,702shares*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 May 12, 2023 and will be uploaded on the Company's website.

Quarterly Consolidated Financial Statements

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

As of March 31,2023

AssetsCurrent assets
Cash and deposits

12,12012,154

Notes and accounts receivable - trade
Merchandise and finished goods
Work in process

53,862
13,164
1,514

55,196
16,216
1,575

Raw materials and supplies

18,66915,016

Other2,394

2,570

Allowance for doubtful accounts
Total current assets

(575)

(582)

101,150

102,147

19,858

19,774

10,391
9,816

10,407
9,847

Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Leased assets, net
Construction in progress

231

237

3,814

3,815

Other, net

4,273

4,408

Total property, plant and equipment

48,38548,490Goodwill
Other

441
1,901

432
2,514

Total intangible assets

2,342

2,946

Investment securities

23,942

25,346

Other
Allowance for doubtful accounts

2,592(1,010)2,735(1,065)

Total investments and other assets

25,52427,01676,25278,453

177,403

180,600

Intangible assets

Investments and other assets

Total non-current assets
Total assets- 1 -(Million yen)
As of December 31,2022

As of March 31,2023

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

23,121
14,316
11,04623,44912,041
11,299Current portion of long-term loans payable
Accrued expenses

1,979
4,656

3,456
3,998

Income taxes payable
Provision for bonuses
Other524
547
2,951

374
912
2,693

Total current liabilities

59,14358,225

Bonds payable
Long-term loans payable
Retirement benefit liability

1,000
11,2444,869

1,000
12,0094,879

Asset retirement obligations
Other

74
8,119

75
8,478

Total non-current liabilities

25,307

26,44284,45084,667

Capital stock

7,472

7,472

Capital surplus
Retained earnings
Treasury shares

5,672
71,729(4,015)

5,672
73,038(4,015)

Total shareholders' equity

80,85982,168Valuation difference on available-for-sale securities

1,111

1,513

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

(0)
5,010
(709)

(2)
6,069
(680)

Total accumulated other comprehensive income

5,412

6,899

Non-current liabilities

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

Non-controlling interests

6,680

6,864

Total net assets

92,952

95,933

177,403

180,600

Total liabilities and net assets- 2 -Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended March 31,2022

For the three months
ended March 31,2023

Net sales

49,00854,214

Cost of sales

39,44642,855Gross profit

9,562

11,359Selling, general and administrative expenses

8,066

8,930

Operating income

1,495

2,428

Interest income

1225

Dividend income
Equity in earnings of affiliates
Foreign exchange gains

109219
388

5409
286

Other

110

146

Total non-operating income

841

873

Interest expenses
Other7410175
31

Total non-operating expenses

Non-operating income

Non-operating expenses84206

Ordinary income

2,252

3,094

Income before income taxes

2,252

3,094

Income taxes - current

601

868

Income taxes - deferred

131

(31)

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

- 3 -

733

836

1,518

2,257

126

242

1,392

2,015

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended March 31,2022

For the three months
ended March 31,2023

Net income

1,518

2,257

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

(132)

414

2(1)

3,250

830

3032

1,099

321

4,250

1,596

5,769

3,854

Comprehensive income attributable to owners of parent

5,228

3,502

Comprehensive income attributable to non-controllinginterests

540

352

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to- 4 -