ファイル名:第 101 期 サマリー情報_20240809130747.docx

更新日時:2024/08/09 13:07:47

Consolidated Financial Results
for the Six Months Ended June 30, 2024
[Japanese GAAP]
August 9, 2024
Company name: ISEKI&CO., LTD.
Listing: Tokyo
Securities code: 6310
URL: https://www.iseki.co.jp
Representative: Shiro Tomiyasu,President and Representative Director
Inquiries: Yoshikazu Ogusu,General Manager of Financial Department
Telephone: +81-3-5604-7671
Scheduled date to file semi-annual securities report: August 9, 2024
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Six Months Ended June 30, 2024 (January 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended
June 30, 2024
91,134(1.4)
2,210(19.4)
2,469(17.8)(644)
June 30, 2023
92,392
6.5
2,741
6.8
3,003
(9.8)
1,939
(24.8)(Note) Comprehensive income:Six months ended June 30, 2024:¥1,800 million [(49.3) %]Six months ended June 30, 2023:¥3,551 million [19.0%]
Basic earnings
per share
Six months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

(28.47)
85.75

85.73

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofJune 30, 2024
224,239
December 31, 2023
217,102(Reference) Equity: As of June 30, 2024:
As of December 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥―1―

75,177
74,21569,945 million
69,323 million

Net assets per share%

Yen

31.2
31.9

3,091.87
3,065.05

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2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2023---

30.00

30.00

Fiscal year ending December 31, 2024--

30.00

30.00

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

Year-end

TotalNone

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2024(January 1, 2024 to December 31, 2024)(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen

Full year
170,000
0.0
2,000 (11.3)
1,000 (52.2)(Note) Revision to the financial results forecast announced most recently:
None* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:Excluded:(Company name:(3,100)%Yen-(137.06)

None))(2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None
(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
22,984,993 shares
December 31, 2023:
22,984,993 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
362,666 shares
December 31, 2023:
367,659 shares
3) Average number of shares outstanding during the period:
Six months ended June 30, 2024:
22,619,831 shares
Six months ended June 30, 2023:
22,616,898 shares* The total number of treasury shares at the end of the period includes the Company’s shares held by the “Board Benefit Trust”(251,500 shares for the period ended June 30, 2024, 254,700 shares for the period ended December 31, 2023). In addition, theCompany’s shares held by the “Board Benefit Trust” are included in the number of treasury shares deducted for the calculationof the average number of shares during the period.
* Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

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Semi-annual Consolidated Financial Statements
Semi-annual Consolidated Balance Sheets(Millions of yen)
As of December 31, 2023

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts

9,901

10,863

26,91737,86862,097
9,133

59,981
9,567

1,610
5,717

1,398
3,751

(56)

(64)

115,322

123,368

26,29924,976

Land
Other, net

44,747
13,50544,286
12,796

Total property, plant and equipment

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

84,55382,059Intangible assets

2,489

2,772

Investments and other assets
Investment securities

7,066

9,027

Retirement benefit asset
Other

4,177
4,153

4,296
3,480

Allowance for doubtful accounts

(660)

(766)

Total investments and other assets

14,737

16,038

101,780

100,870

217,102224,239

Total non-current assets
Total assets―3―ファイル名:第 101 期 サマリー情報_20240809130747.docx

更新日時:2024/08/09 13:07:47(Millions of yen)
As of December 31, 2023

As of June 30, 2024

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

15,91425,81914,444
13,793

Short-term loans payable
Current portion of long-term loans payable

29,61911,022

39,987
11,610

880
613

982
769

Provision for loss on construction contracts
Other

38
11,556

23,662

Total current liabilities

95,465105,249

Long-term loans payable
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors (andother officers)
Provision for share awards for directors (and otherofficers)
Retirement benefit liability

29,167
4,097

25,256
3,980

165

146

30

31

6,207

6,133

Asset retirement obligations
Other903
6,849

996
7,267

Total non-current liabilities

47,42043,812

142,886

149,061

Shareholders' equity
Share capital

23,344

23,344

Capital surplus
Retained earnings

13,13920,474

13,141
19,410

Income taxes payable
Provision for bonuses

Non-current liabilities

Total liabilities
Net assets

Treasury shares

(590)

(584)

56,36755,311

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

1,495

2,822

0(73)

Revaluation reserve for land
Foreign currency translation adjustment

8,835
1,814

8,568
2,601

Total shareholders' equity

Remeasurements of defined benefit plans
Total accumulated other comprehensive income

810

714

12,955

14,633

Share acquisition rights

128

Non-controlling interests

4,879

5,223

Total net assets

74,21575,177217,102224,239

Total liabilities and net assets―4―ファイル名:第 101 期 サマリー情報_20240809130747.docx

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Semi-annual Consolidated Statements of Income and Comprehensive Income(Millions of yen)
For the six months
ended June 30, 2023

For the six months
ended June 30, 2024

Net sales
Cost of sales

92,392
65,131

91,13464,216Gross profit

27,26026,917

Selling, general and administrative expenses

24,51924,707

Operating profit

2,741

2,210

Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other89

76

215
877

207
556

429560

1,611

1,401

546

787193202425
183

5695

1,350

1,141

3,003

2,469

Gain on sale of non-current assets

2075

Total extraordinary income

2075

Loss on sale and retirement of non-current assets
Impairment losses

5463

80
2,260

Other-

1

Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodCommission for syndicated loans
Other
Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses

118

2,342

Profit before income taxes

Total extraordinary losses

2,905

202

Income taxes - current
Income taxes - deferred

996
(145)

727
(67)

Total income taxes
Profit (loss)

851

659

2,054

(457)

Profit attributable to non-controlling interests

114

186

Profit (loss) attributable to owners of parent

1,939

(644)

―5―

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更新日時:2024/08/09 13:07:47(Millions of yen)
For the six months
ended June 30, 2023
Profit (loss)
Other comprehensive income

For the six months
ended June 30, 2024
2,054

(457)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

688(153)

1,328(72)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

979
(64)

1,112
(95)

48

(13)

1,497

2,258

Comprehensive income

3,551

1,800

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

3,163

1,300

387

500

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Semi-annual Consolidated Statements of Cash Flows(Millions of yen)
For the six months
ended June 30, 2023
Cash flows from operating activities
Profit before income taxes

For the six months
ended June 30, 2024
2,905

202

Depreciation
Impairment losses

2,817
63

2,751
2,260

Increase (decrease) in retirement benefit liability
Interest and dividend income(150)(304)(91)(284)

Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of property, plant and equipment
and intangible assets
Decrease (increase) in trade receivables

546(195)

787
2033

5(10,203)(10,347)

Decrease (increase) in inventories
Increase (decrease) in trade payables(2,533)(3,250)4,044(14,275)

Increase (decrease) in accounts payable - other
Other, net

(124)
3,867

11,4403,079

Subtotal(6,527)(406)

Interest and dividends received
Interest paid

304
(552)

284
(785)

Income taxes paid

(796)

(210)

(7,572)(1,117)(3,001)(3,130)

189

335

(0)
(253)

(50)
(253)

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment andintangible assets
Proceeds from sale of property, plant and equipment
and intangible assets
Purchase of investment securities
Decrease (increase) in time deposits
Other, net

(7)

(50)

(3,073)(3,148)Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

6,271
13,194

9,305
1,850

Repayments of long-term loans payable
Proceeds from sale and leaseback transactions(9,923)163(5,367)783

Repayments of lease liabilities
Purchase of treasury shares

(862)
(0)

(814)
(0)

Dividends paid
Other, net(687)(77)

(682)
(156)

8,078

4,917

371

58

Net cash provided by (used in) investing activities
Cash flows from financing activities

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(2,195)709

Cash and cash equivalents at beginning of period

10,6999,851

Cash and cash equivalents at end of period

8,503

10,560―7―