Consolidated Financial Results
for the Nine Months Ended September 30, 2021
[Japanese GAAP]
November 12, 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: November 12, 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 Nine Months Ended September 30, 2021 (January 01, 2021 to September 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%
Nine months ended
September 30, 2021
123,432
10.6
5,825
84.2
6,516
129.5
4,780
97.6
September 30, 2020
111,601(7.7)
3,162(30.1)
2,839(12.9)
2,418
13.4
(Note) Comprehensive income:Nine months ended September 30, 2021: ¥5,347 million [174.9%]
Nine months ended September 30, 2020: ¥1,944 million [10.4%]
Basic earnings
per share
Nine months ended
September 30, 2021
September 30, 2020

Diluted earnings pershare
Yen

Yen

211.45107.01211.31106.91(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2021
193,466
December 31, 2020
187,428(Reference) Equity: As of September 30, 2021:
As of December 31, 2020:

Net assets

Capital adequacy ratio

Million yen¥¥―1―

67,77762,41965,987 million
60,657 million

Net assets per share%

Yen

34.1
32.4

2,918.61
2,683.14

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2020

---

0.00

0.00

Fiscal year ending December 31, 2021

--

30.00

30.00

Year-end

Fiscal year ending December 31, 2021
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

TotalYes

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%

Yen

Full year
159,000
6.5
4,000
91.9
4,700 176.0(Note) Revision to the financial results forecast announced most recently:
Yes

Million yen%

Million yen%

Million yen

3,400-150.39* Notes:(1) Changes in significant subsidiaries during the nine months ended September 30, 2021
No(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:(Company name:Exclusion:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(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(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, 2021:
22,984,993 shares
December 31, 2020:
22,984,993 shares2) Total number of treasury shares at the end of the period:
September 30, 2021:
375,884 shares
December 31, 2020:
378,173 shares
3) Average number of shares during the period:
Nine months ended September 30, 2021:
Nine months ended September 30, 2020:

22,607,948 shares
22,603,019 shares―2―))
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

As of September 30,2021

10,787
21,78043,881
6,775
1,189
5,599
(35)

12,51531,37539,9797,092
1,227
4,295(31)89,97996,45525,212
44,69016,384

24,63944,583
15,82086,28785,043

Intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts

1,967

2,269

4,609
4,721
(136)

5,157
4,686
(146)

Total investments and other assets

9,193

9,697

Total non-current assets
Total assets―1―

97,44997,010187,428

193,466

(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

As of September 30,2021

20,206
16,66629,781
7,679
438
425
10,95020,41016,697
31,171
6,397
1,253
949
9,447

86,14786,327

24,114
4,097
145
3,144
322
7,036

24,707
4,097
152
3,081
324
6,996

38,86139,361

Total liabilities

125,009125,688

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

23,344
13,44914,493(941)

23,344
13,462
19,274(934)50,34655,146(91)324(2)8,835
588
980

6
8,835
726
947

10,31010,840Total 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 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

3730

Non-controlling interests

1,724

1,759

Total net assets
Total liabilities and net assets―2―

62,41967,777

187,428

193,466

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 30,2020

For the nine months
ended September 30,2021

Net sales
Cost of sales

111,601
78,494

123,432
86,228Gross profit

33,107

37,203

Selling, general and administrative expenses29,944

31,377

Operating profit

3,162

5,825

133
98
540

111
94
273
401
669

772

1,550

476
41423
-

256

125

321

310

Non-operating income
Interest income
Dividend income
Foreign exchange gains
Settlement 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

1,095

859

2,839

6,516

22
650

55
-

673

55

90
1-

127
97
091

224

Profit before income taxes

3,420

6,348

Income taxes - current
Income taxes - deferred744236

1,888(352)

Total income taxes

981

1,536

2,439

4,812

2031

2,418

4,780

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
Other
Total extraordinary losses

ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent―3―

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended September 30,2020

For the nine months
ended September 30,2021

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

2,439

4,812

(365)
6(22)
(0)

415
8118
(32)

(112)

24(494)535

Comprehensive income

1,944

5,347

Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

1,926

5,310

18

36

―4―