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.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2021
(Basde on Japanese GAAP)
January 31, 2022
Company name:
Stock exchange listing:Code number:
Representative:

SHIBAURA MACHINE CO., LTD.
Tokyo6104
URL https://www.shibaura-machine.co.jp
President and Chief Operating Officer
Shigetomo Sakamoto
Public Relations & Investor RelationsInquiries:
Department
Minoru Aoki
TEL
Senior Manager
Scheduled date of filing Quarterly Securities Report:
February 04, 2022
Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session:
No03(3509)0444(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2021 (April 01, 2021 to December 31, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
December 31, 2021
78,197
21.3
3,061
3,138
2,181
December 31, 2020
64,493(26.7)
(121)
(384)
(888)
Earnings per share
Nine months ended
December 31, 2021
December 31, 2020

Diluted earnings per share
Yen

Yen

90.33
(36.81)-(2) Consolidated financial position
Total assets
As ofDecember 31, 2021
March 31, 2021

Net assets

Equity ratio

Million yen

Million yen%155,758
134,296

80,687
82,15251.8
61.2

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

Year-end

TotalYen

Yen

Yen

Yen

Yen

Year ended March 31, 2021-

37.50

-

37.50

199.30Year ending March 31, 2022

-

37.50

37.50

75.00

Year ending March 31, 2022 (Forecast)

3. Forecast of consolidated financial results for the year ending March 31, 2022 (April 01, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Profit attributable to Earnings perNet sales
Operating profit
Ordinary profitowners of parent
share
Full year

Million yen%

Million yen%

Million yen%

Million yen%

Yen

113,000

22.0

4,300-

3,800

335.3

2,800-

115.92

1* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2021
(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
Changes in accounting policies due to the revision of accounting standards:
Changes in accounting policies other than 1) above:
Changes in accounting estimates:
Retrospective restatement:

Yes
NoNo
No

(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2021:
29,977,106 shares
March 31, 2021:
29,977,106 shares
2) Number of treasury shares at the end of the period:
December 31, 2021:
March 31, 2021:

5,822,665 shares
5,831,373 shares

3) Average number of shares during the period (cumulative from the beginning of the fiscal year):Nine months ended December 31, 2021:
24,150,933 shares
Nine months ended December 31, 2020:
24,140,501 shares

2Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation and impairment
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation and impairment
Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation and impairment
Leased assets, net
Construction in progress
Other
Accumulated depreciation and impairment
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

As of December 31,2021

42,417
27,68247,328--21,4896,736
22,327
64
3,560
(37)
102,752

22,16927,187
67
5,726
(36)
123,933

39,252(29,348)
9,903
24,421(21,703)
2,718
7,098
264
(153)
111
474
7,238
(6,786)452
20,75836,709(27,236)
9,473
23,518(20,524)
2,993
7,075
375
(204)
170
80
7,022
(6,538)484
20,277

571
571

788
788

8,341
6409
2,765
(1,310)10,21331,543
134,296

8,8155547
2,688(1,298)10,75831,824
155,758(Million yen)
As of March 31,2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Accrued expenses
Provision for bonuses
Provision for product warranties
Advances received
Contract liabilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Asset retirement obligationsOther
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
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

As of December 31,2021

17,613
10,590
74
2,341
1,096
591
5,345
1,316
38,96923,33910,590332
2,36594460722,481
1,435
62,096

3,800
5570

3,300
5842

58

60

8,518
105
115
13,174
52,144

8,490
140
134
12,97575,071

12,484
11,53869,522(16,346)
77,19812,484
11,53866,830(16,322)
74,531

3,749

4,276

1,737
(533)
4,953
82,152
134,296

2,299
(420)
6,156
80,687
155,758

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Subsidies for employment adjustment
Other
Total non-operating income
Non-operating expenses
Interest expenses
Brand fee expense
Outsourcing expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on valuation of shares of subsidiaries andassociates
Extra retirement paymentsTotal extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent

5For the nine months
ended December 31,2021

64,49347,097
17,395
17,516(121)

78,197
54,83623,361
20,300
3,061

41
200
34
491
209
977

60
216
49
89
290
192
899

68
0
624
136
410
1,240(384)

84
91
645
822
3,138

10
10

14
14

63

115

-

278

264
328
(701)
378
(191)
186(888)
(888)

394
2,758
636(59)577
2,181
2,181Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 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
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

6For the nine months
ended December 31,2021(888)

2,181

1,002
(0)
11
150
1,163
275

527
562
113
1,202
3,383

275

3,383

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