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
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Consolidated Financial Results
for the Three Months Ended March 31, 2021
[Japanese GAAP]May 13, 2021
Company name: ISEKI&CO., LTD.
Stock exchange listing: Tokyo
Code number: 6310
URL: https://www.iseki.co.jp,President and Representative Director
Representative: Shirou Tomiyasu,General Manager of Financial Depertment
Contact: Yoshikazu Ogusu
Phone: 03-5604-7671
Scheduled date of filing quarterly securities report: May 13, 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(for institutional inevestors and analysts)(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended March 31, 2021 (January 01, 2021 to March 31, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit(Loss) attributable
Net sales
Operating Income
Ordinary Income
to owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
40,495
26.7
1,478
2,128
1,929
March 31, 2021
March 31, 2020
31,960(4.2)(1,105)(1,281)(465)(Note) Comprehensive income:Three months ended March 31, 2021:¥
2,475 million [-%]
Three months ended March 31, 2020:¥(1,319) million [-%]
Basic earnings
per share
Three months ended
March 31, 2021
March 31, 2020

Diluted earnings pershare
YenYen85.37(20.58)85.31-(2) Consolidated Financial Position
Total assets
Million yen
As ofMarch 31, 2021
193,924
December 31, 2020
187,428(Reference) Equity: As of March 31, 2021:
As of December 31, 2020:

Net assets

Capital adequacy ratio

Million yen¥¥

64,89062,41963,123 million
60,657 million

Net assets per share%

Yen

32.6
32.4

2,792.25
2,683.14

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2020-----

Fiscal year ending December 31, 2021---

Fiscal year ending December 31, 2021

(Forecast)(Note) Revision to the forecast for dividends announced most recently:
NoThe dividend forecast for the fiscal year ending December 31, 2021 is undecided.

Year-endTotal

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 Income Ordinary Income
owners of parentper share
Million yen%

Million yen%

Yen153,500
2.8
3,600
72.7
3,500
105.6
Full year(Note) Revision to the financial results forecast announced most recently:
No% Million yen% Million yen

2,400-106.18* Notes:(1) Changes in significant subsidiaries during the three months ended March 31, 2021
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(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):
March 31, 2021:
22,984,993 shares
December 31, 2020:
22,984,993 shares2) Total number of treasury shares at the end of the period:
378,199 shares
March 31, 2021:
December 31, 2020:
378,173 shares
3) Average number of shares during the period:
Three months ended March 31, 2021:
Three months ended March 31, 2020:

22,606,805 shares
22,597,166 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― 1 ―As of March 31,2021

10,787
21,78043,881
6,775
1,189
5,599
(35)
89,9799,042
28,99245,879
6,434
1,160
4,656
(58)
96,10625,212
44,69016,38486,287
1,967

25,054
44,63916,13085,825
2,094

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

5,142
4,868
(112)
9,89897,817
193,924

(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 liabilitiesNet 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― 2 ―As of March 31,2021

20,206
16,66629,781
7,679
438
425
10,95086,14723,451
16,651
34,374
5,731
276
846
9,478
90,81024,114
4,097

23,181
4,097

145

146

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

3,132
322
7,343
38,224129,034

23,344
13,44914,493(941)
50,34623,344
13,44916,423(941)
52,276

(91)

307

(2)
8,835
588
980
10,31037
1,724
62,419187,428

3
8,835
731
969
10,84737
1,728
64,890193,924

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three monthsended March 31,2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
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 (loss)
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
Total extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent― 3 ―For the three months
ended March 31,2021

31,96022,936
9,024
10,129(1,105)40,49528,71011,784
10,306
1,478

59
16-

36
13252-

18

166
241

401
178
901

153
92

154-

70-

100
417
(1,281)

96
251
2,128

5
123
129

1818

32
32(1,183)
91(789)
(697)
(485)
(20)
(465)

55
33
88
2,058
493
(369)
124
1,934
41,929

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended March 31,2020
Profit (loss)
Other 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― 4 ―For the three months
ended March 31,2021
(485)

1,934

(751)
(1)
30(0)

399
5
129(10)(111)

16(834)(1,319)541
2,475(1,298)

2,466

(21)

8