Consolidated Financial Results for the Nine Months Ended December 31, 2021 (Japanese GAAP)
February 7, 2022
Company name:

Mitsuboshi Belting Ltd.

Stock exchange listing:TokyoSecurities code:

5192

URL:

https://www.mitsuboshi.com/

Representative:

Hiroshi Ikeda, President

Inquiries:

Satoshi Okita, General Manager, Finance & Accounting Department
Phone: +81-78-685-5630

Scheduled date of filing quarterly securities report:

February 10, 2022

Scheduled date of commence dividend payments:－(Amounts less than one million yen are rounded down)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2021
(April 1, 2021-December 31, 2021)(1) Consolidated operating results(Percentages indicate year-on-year changes)

Net sales
Nine months ended

Operating profit

Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen% Millions of yen% Millions of yen%

December 31, 2021

55,674

17.6

6,001

72.2

6,673

67.7

4,743

73.4

December 31, 2020

47,361△ 13.3

3,484△ 40.93,980△ 34.52,734△ 37.9Note:

Comprehensive income

Nine months ended December 31, 2021:¥7,092 million(71.4%)

Nine months ended December 31, 2020:¥4,138 million(△ 24.0%)

Basic earnings
per share
Nine months ended

Diluted earnings
per share
Yen

Yen

December 31, 2021

163.39－December 31, 2020

94.06－(2) Consolidated financial position
Total assets

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen％

As of December 31, 2021

114,044

82,924

72.7

As of March 31, 2021

108,063

78,264

72.4

Reference:

EquityAs of December 31, 2021:¥82,924 million

As of March 31, 2021:¥78,264 million

2. Dividends
dividends per share
1st quarter end

2nd quarter end

3rd quarter end

Yen

Yen

Yen

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022
Fiscal year ending
March 31, 2022(Forecast)

－

27.00

－－

33.00

－

Fiscal year end

Total

Yen

Yen

30.00

57.00

33.00

66.00

３. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022
(April 1, 2021-March 31, 2022)(Percentages indicate year-on-year changes)

Net sales
Millions of yen

Full year

70,000Operating profit% Millions of yen

7.9

7,300

Profit attributable toowners of parent

Ordinary profit% Millions of yen

46.9

7,300

% Millions of yen

26.8

5,300

Basic earnings
per share%Yen

30.3

182.96

Quarterly Consolidated Financial Statements
1. Quarterly Consolidated Balance Sheet(Millions of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade,and contract assets
Merchandise 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, netMachinery, equipment and vehicles,
netTools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of December 31, 2021

33,771
15,93833,735－－

16,447

12,944
2,014
3,364
825
△107
68,751

14,456
1,896
3,659
898
△9171,003

6,375

6,912

8,611

8,6172,159
3,943
1,318
1,103
23,511
1,149

2,054
3,940
1,350
2,460
25,335951

13,2451,423△18
14,65039,312
108,063

15,2901,481△18
16,75443,041
114,044(Millions of yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for
directors (and other officers)
Other
Total non-current liabilitiesTotal 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
incomeTotal net assets
Total liabilities and net assets

As of December 31, 2021

8,716
3,225
681
886
6,148
19,658

9,285
3,226
1,210
189
6,966
20,878

1,800
1,999

1,125
2,237

26

12

6,315
10,141
29,7996,866
10,241
31,1208,150
2,111
65,768△5,78870,2418,150
2,119
68,678△6,39572,551

7,983

9,435

247
△207

1,053
△116

8,023

10,372

78,264
108,063

82,924
114,044

2. Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(Millions of yen)
Nine months ended
December 31, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
OtherTotal non-operating income
Non-operating expensesInterest expenses
Foreign exchange losses
Loss on retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Profit before income taxes
Income taxes
ProfitProfit attributable to owners of parent

Nine months ended
December 31, 2021

47,36133,683
13,678
10,194
3,484

55,67437,68017,994
11,993
6,001

69
339
－
421
830

70
362
278
231
943

34
120
73
106
334
3,980

33
－
150
86
270
6,673

－
－
3,980
1,245
2,734
2,734

151
1516,825
2,082
4,743
4,743

Quarterly Consolidated Statement of Comprehensive Income(Millions of yen)
Nine months ended
December 31, 2020
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans,
net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable to noncontrolling interests

Nine months ended
December 31, 2021

2,734

4,743

1,462

1,452

△79

805

21

91

1,403
4,138

2,349
7,092

4,138

7,092

－－