Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2022
[Japanese Standards] (Consolidated)
February 10 , 2023
Company name:
OKAMOTO INDUSTRIES, INC.
Stock exchange listing:Tokyo
Stock code:
5122
URL https://www.okamoto-inc.jp/
Representative:
Kunihiko Okamoto, President
Inquiries:
Hiroshi Takashima, Executive Director Accounting Dept.
February 13 , 2023
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:
No
Supplemental material on quarterly results:
No
Presentation on quarterly results:(Amounts less than one million yen are rounded down)
1.Consolidated financial results for the nine months ended December 31, 2022
(from April 1, 2022 to December 31, 2022)(1) Consolidated operating results(cumulative)(％ represents changes over the same period in the previous fiscal year.)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen％ Millions of yen％ Millions of yen％ Millions of yen％
Nine months ended December 31, 2022
73,2478.7
5,356 △ 21.5
6,279 △ 23.3
3,938 △ 27.1
Nine months ended December 31, 2021
67,411
7.2
6,820
13.2
8,186
14.5
5,403
13.7
Nine months ended December 31, 2022 :7,882 million yen
27.3 ％(Note) Comprehensive income:Nine months ended December 31, 2021 :6,192 million yen
4.9 ％Net income per shareyen
217.19291.07

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Diluted net income per shareyen-(2) Consolidated financial position
As of December 31, 2022
As of March 31, 2022
(Reference) Own capital:

Total assets
Millions of yen
128,148
117,560
As of December 31, 2022 :76,228 million yen
As of March 31, 2022 :
71,962 million yen

Net assets
Millions of yen
79,38774,916Equity ratio％
59.5
61.2

2.Dividends
Cash dividends per share
End of first quarterEnd of second quarter

yen
－－

yen
50.00
55.00

FY Ended March 31, 2022
FY Ended March 31, 2023
FY Ended March 31, 2023 (forecast)(Note) Revision of the latest dividend forecast announced:

yen－－－

Year-end

Total

yen
55.00

yen
105.0055.00

110.00No

3.Forecasts of consolidated financial results for the year ending March 31, 2023
(from April 1, 2022 to March 31, 2023)
Net sales

End of third quarter

Operating income

Millions of yen％
Millions of yen
Full year
92,0002.76,500(Note) Revision of the latest consolidated results forecast announced:％△ 13.8No(％ represents changes over the previous fiscal year.)
Profit attributable toNet income
Ordinary income
owners of parent
per share
Millions of yen％
Millions of yen％
yen
7,400
△ 20.54,700△ 15.7253.91

*Notes(1) Changes in status of significant subsidiaries during the nine months ended December 31, 2022
No(changes in status of specified subsidiaries accompanying changes in consolidated)－
Newly consolidated subsidiaries: －Subsidiaries excluded:(2) Application of accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting principles, changes in accounting estimates, and retrospective restatements
No①Changes in accounting principles due to revisions to accounting standards:
No②Changes other than ①:No③Changes in accounting estimates:
No④Retrospective restatements:(4) Number of outstanding shares(common stock)①Number of outstanding shares at period-end(including treasury stock)②Number of treasury stocks at period-end③Average number of shares during the period(cumulative total for quarterly period)①②③

Nine months ended December 31, 2022
Nine months ended December 31, 2022
Nine months ended December 31, 2022

18,599,367
663,559
18,133,536

FY Ended March 31, 2022
FY Ended March 31, 2022
Nine months ended December 31, 2021

*The current quarterly financial results are not subject to quarterly review procedures by certified public accountant or by auditing firm.
*Explanation relating to the appropriate use of forecasts of business results and other items of note;
The forecasts included in this document are based on the currentry available information and certain assumptions that we believe reasonable.
Actual results, etc. may differ from projections due to a variety of reasons.

19,099,367
800,839
18,565,350

Consolidated Quarterly Financial Statements and Notes
Consolidated Quarterly Balance Sheets

As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Accounts receivable-trade
Electronically recorded monetary claims-operatingMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Long-term time deposits
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(millions of yen)
As of December 31, 2022

33,445
2,462
15,539
7,102
8,035
2,058
3,115
1,306
△ 38
73,02633,2892,45419,386
8,591
9,180
2,371
3,944
1,675
△ 47
80,846

19,824642

21,184872

22,626805
138
502△524,066
44,533
117,560

1,300
22,267
1,006
229
446
△525,244
47,301
128,148

As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations-operating
Short-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated 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
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets(millions of yen)
As of December 31, 2022

20,118
1,905
2,654
724
1,033
4,360
30,79724,452
2,250
2,422
1,064
568
5,656
36,413

1,044
2,610
7,110
1,081
11,84642,643

1,100
3,252
7,253
742
12,347
48,761

13,047555
51,241△ 3,426
61,41813,047555
51,160△ 2,791
61,972

9,662△ 14855
40
10,543
2,954
74,916
117,560

10,518△03,69345
14,256
3,158
79,387
128,148

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income
Consolidated Quarterly Statements of Income
Nine months ended December 31, 2022

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Freightage and packing expenses
Other selling expenses
Salaries and bonuses
Provision for bonuses
Retirement benefit expenses
Other general and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividends income
Real estate rent
Equity in earnings of affiliates
Foreign exchange gains
Other income
Total non-operating income
Non-operating expenses
Interest expenses
Rent expenses on real estates
Foreign exchange losses
Equity in losses of affiliates
Other expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Foreign currency translation adjustment account reversal gain
Gain on transfer of investments in affiliated companies
Total extraordinary gain
Extraordinary loss
Impairment loss
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Loss on liquidation of subsidiaries
Other loss
Total extraordinary loss
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Profit attributable to non-controlling interests
Profit attributable to owners of parent

Nine months ended(Millions of yen)
Nine months ended

December 31, 2021
67,41150,367
17,044

December 31, 2022
73,24757,24016,006

2,860
1,471
2,899
222
116
2,652
10,223
6,820

2,619
1,970
2,900
238
125
2,796
10,650
5,356

23
639
336
194
165
159
1,518

35
824
407
131
1,398

20
82
50
152
8,186

28
92
146
105
101
475
6,279

-

2
277
649
929

487
3
1
492
7,693
1,847
345
2,192
5,500
96
5,403

828
2
38
2
22
894
6,315
1,986
50
2,037
4,277
339
3,938

Consolidated Quarterly Statements of Comprehensive Income
Nine months ended December 31, 2022
Nine months ended
Net income
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
Share of other comprehensive income of associates accounted for using
equity method
Total accumulated other comprehensive income
Comprehensive income(comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests(Millions of yen)
Nine months ended

December 31, 2021
5,500

December 31, 2022
4,277

△ 92
6769
21859
152,7124△ 1312691
6,192

3,604
7,882

5,999
192

7,651
231

Information about net sales,profit or loss,assets,liabilities and other items by reportable segment
Nine months ended December 31, 2021
(Millions of yen)
Reportable segment

Industrial
Products

HouseholdProducts*Other

Total

Total

Amountrecorded on the**Adjustment
consolidated
financialstatements

Net sales

42,86324,36867,232

179

67,411-67,411

66

351

417

2,533

2,950

△ 2,950-Total

42,92924,72067,6492,712

70,362△ 2,950

67,411

Segment profit (loss)

1,930

6,118

8,049

231

8,280

△ 1,460

6,820

Sales to external customers
Intersegment sales ortransfers* The Other category is the business segment that is not included in the reportable segments, and include the group logistics

business.
** Adjustment is as follows:
The adjustment to segment profit represents 31 million yen in intersegment eliminations and company-wide expenses negative
1,491 milion yen. The company-wide expeses mainly include general and administrative expenses that are not attributable tothe reportable segments.
*** Segment profit is adjusted to operating income in the consolidated statements of income.
※ In the Industrial Products business and the Household Products business segment, impairment loss on fixed assets wasrecorded at 487 million yen. The impairment loss was recorded at 280 million yen in the Industrial Products business and206 million yen in the Household Products business for the third quarter of the fiscal year ended March 31, 2022.

Nine months ended December 31, 2022
(Millions of yen)
Reportable segment

IndustrialProductsHouseholdProducts*Other

Total

Total

Amountrecorded on the**Adjustment
consolidated
financialstatements

Net sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment profit (loss)

47,63325,497

73,130116

73,247-73,247

80

385

466

2,544

3,010

△ 3,010-47,71325,88273,5962,660

76,257△ 3,010

73,247

213

6,452

6,666

260

6,926

△ 1,570

5,356* The Other category is the business segment that is not included in the reportable segments, and include the group logistics

business.
** Adjustment is as follows:
The adjustment to segment profit represents 33 million yen in intersegment eliminations and company-wide expenses negative
1,603 milion yen. The company-wide expenses mainly include general and administrative expenses that are not attributable tothe reportable segments.
*** Segment profit is coordinated with the operating income in the consolidated statements.
※ In the Industrial Products business and the Household Products business segment, impairment loss on fixed assets wasrecorded at 828 million yen. The impairment loss was recorded at 773 million yen in the Industrial Products business and54 million yen in the Household Products business for the third quarter of the fiscal year ended March 31, 2022.