Consolidated Financial Results
for the Nine Months Ended September 30, 2023
[Japanese GAAP]
November 14, 2023
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 14, 2023
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, 2023 (January 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
September 30, 2023
132,977
6.0
3,614
14.4
3,873
(0.2)
2,079(40.3)
September 30, 2022
125,3941.6
3,160(45.7)
3,882(40.4)
3,482(27.2)(Note) Comprehensive income:Nine months ended September 30, 2023: ¥4,504 million [8.7%]
Nine months ended September 30, 2022: ¥4,144 million [(22.5) %]Basic earnings
per share
Nine months ended
September 30, 2023
September 30, 2022

Diluted earnings pershare
Yen

Yen

91.96
153.9891.94
153.93(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2023
222,439
December 31, 2022
206,491(Reference) Equity: As of September 30, 2023:
As of December 31, 2022:

Net assets

Capital adequacy ratio

Millions of yen¥¥―1―76,086
72,34571,311 million
68,002 million

Net assets per share%

Yen

32.1
32.9

3,152.95
3,006.74

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2022

---

30.00

30.00

Fiscal year ending December 31, 2023--30.00

30.00

Year-end

Fiscal year ending December 31, 2023
(Forecast)

TotalNo(Note) Revision to the forecast for dividends announced most recently:

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.)
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

Full year
169,000
1.4
2,500 (29.3)(Note) Revision to the financial results forecast announced most recently:

2,300Yes% Millions of yen(38.9)

500%Yen(87.9)

22.11* Notes:(1) Changes in significant subsidiaries during the nine months ended September 30, 2023
No(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:(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: Yes
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, 2023:
22,984,993 shares
December 31, 2022:
22,984,993 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
367,628 shares
December 31, 2022:
368,346 shares
3) Average number of shares outstanding during the period:
Nine months ended September 30, 2023:
Nine months ended September 30, 2022:

22,617,039 shares
22,615,165 shares* The total number of treasury shares at the end of the period includes the Company’s shares held by the “Board Benefit Trust” (254,700
shares for the period ended September 30, 2023, 255,800 shares for the period ended December 31, 2022). In addition, the Company’sshares held by the “Board Benefit Trust” are included in the number of treasury shares deducted for the calculation of the average numberof shares during the period.

―2―Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of December 31, 2022
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

As of September 30, 2023

10,7499,384

27,57437,93653,562
10,335
1,434
5,792
(33)

60,916
9,436
1,539
4,096
(56)

109,414

123,252

26,27144,744

26,24744,752Other, net

12,902

13,531

Total property, plant and equipment

83,91984,531Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts

2,309

2,386

5,686
5,816(654)

7,461
5,535
(727)

Total investments and other assets

10,84812,26997,07699,187

206,491

222,439

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

Total non-current assets
Total assets―3―

(Millions of yen)
As of December 31, 2022
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
OtherTotal current liabilities
Non-current liabilities
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
Asset retirement obligations
Other
Total non-current liabilities

As of September 30, 2023

19,45726,042
26,754
13,537588
566
11,241

18,496
24,81035,88011,086
1,034
1,031
11,46398,189103,802

20,811
4,097

27,520
4,097

163

165

18

34

3,244
908
6,711

3,152
915
6,664

35,95642,550Total liabilities

134,146

146,353

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

23,344
13,13921,131(591)

23,344
13,13922,524(590)

57,02358,418

482

1,715

8
8,835
1,142
510

(37)
8,835
1,966
413

10,97812,892

12
4,330

12
4,762

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―4―

72,34576,086

206,491

222,439

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended September 30, 2022

For the nine months
ended September 30, 2023

Net sales
Cost of sales

125,394
88,128132,977
93,133Gross profit

37,266

39,844

Selling, general and administrative expenses

34,10536,229Operating profit

3,160

3,614

73
147
989
707

121
227
1,064
622

1,918

2,035

478

838

410

272

95
212

446
220

1,197

1,777

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

3,882

3,873

Extraordinary income
Gain on sale of non-current assets
Gain on step acquisitions
Gain on change in equity
Gain on bargain purchase
Other52551
41
153
056
-

Total extraordinary income799

56

104
142-

117
65
0

Extraordinary losses
Loss on sale and retirement of non-current assets
Impairment losses
Loss on valuation of golf club membership

246

183

Profit before income taxes

Total extraordinary losses

4,435

3,746

Income taxes - current
Income taxes - deferred

1,364(495)

1,830(381)

868

1,449

3,566

2,296

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent―5―84216

3,482

2,079

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Millions of yen)
For the nine months
ended September 30, 2022

For the nine months
ended September 30, 2023

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

3,566

2,296

93
(10)
656
(152)

1,233
(63)
1,076
(96)

(9)

58

577

2,207

Comprehensive income

4,144

4,504

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

4,045

3,994

99

509

―6―