Consolidated Financial Results for the Six Months Ended September 30, 2021 (Japanese GAAP)
November 8, 2021
Company name:

Mitsuboshi Belting Ltd.

Stock exchange listing:TokyoSecurities code:

5192

URL:

https://www.mitsuboshi.com/

Representative:

Hiroshi Ikeda, President

Inquiries:

Masatsugu Tsuji, General Manager, Finance & Accounting Department
Phone: +81-78-685-5630

Scheduled date of filing quarterly securities report:

November 11, 2021

Scheduled date of commence dividend payments:

December 3, 2021
(Amounts less than one million yen are rounded down)

1. Consolidated Financial Results for the Six Months Ended September 30, 2021
(April 1, 2021-September 30, 2021)(1) Consolidated operating results(Percentages indicate year-on-year changes)

Net sales
Six months ended

Operating profit

Millions of yen

Profit attributable toowners of parent

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

September 30, 2021

37,068

21.7

3,998

104.1

4,439

93.3

2,917

82.3

September 30, 2020

30,459(18.1)

1,959(55.5)

2,296(47.0)

1,600(47.8)

Note:

Comprehensive income

Six months ended September 30, 2021:¥4,079 million[ 94.7 %]Six months ended September 30, 2020:¥2,095 million[(26.8)%]

Basic earnings
per share
Six months ended

Diluted earnings
per share
Yen

Yen

September 30, 2021

100.25－September 30, 2020

55.03

－

(2) Consolidated financial position
Total assets

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

As of September 30, 2021

112,356

81,551

72.6

As of March 31, 2021

108,063

78,264

72.4

Reference:

EquityAs of September 30, 2021:¥81,551 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

1% 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, andcontract 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, net
Machinery, equipment and vehicles, net
Tools, 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

2

As of September 30, 2021

33,771
15,93834,144－－

16,062

12,944
2,014
3,364
825
(107)
68,751

13,382
1,869
3,704
909
(95)69,977

6,375
8,611
2,159
3,943
1,318
1,103
23,511
1,149

6,300
8,570
2,039
3,932
1,350
2,687
24,882
1,022

13,2451,423(18)
14,65039,312
108,063

15,0611,430(18)
16,47342,378112,356

(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 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
incomeTotal net assets
Total liabilities and net assets

3

As of September 30, 2021

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

8,593
3,225
1,192
969
6,620
20,6011,8001,999

1,350
2,115

26

12

6,315
10,141
29,7996,725
10,20330,8048,150
2,111
65,768(5,788)70,2418,150
2,119
67,812(5,716)72,366

7,983

9,264

247(207)37(116)

8,023

9,185

78,264
108,063

81,551
112,356

2. Quarterly Consolidated Statement of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(Millions of yen)Six months ended
September 30, 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 expenses
Interest expenses
Foreign exchange losses
Loss on retirement of non-current assets
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes
ProfitProfit attributable to owners of parent

4

Six months ended
September 30, 2021

30,45921,859
8,599
6,639
1,959

37,06825,15011,918
7,919
3,998

48
199
－
286
534

44
198
191
152
587

23
25
70
78
197
2,296
2,296
696
1,600
1,600

21－
54
70
146
4,439
4,439
1,522
2,917
2,917

Quarterly Consolidated Statement of Comprehensive Income(Millions of yen)Six months ended
September 30, 2020
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, netof tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests

5

Six months ended
September 30, 2021

1,600

2,917

627

1,280(148)(210)

1691495
2,095

1,162
4,079

2,095

4,079

－－