Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended September 30, 2019
(Based on Japanese GAAP)
November 1, 2019
Company name:
EBARA JITSUGYO CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

6328
URL https://www.ejk.co.jp/
Chairman & President

Inquiries:

Senior Corporate Officer, Head of Corporate
SHUJI OHNOPlanning & Strategy Office

HISASHI SUZUKI
TELScheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 6, 2019–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo

03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2019 (from January 1, 2019 to September 30, 2019)(1) Consolidated operating results (cumulative)
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%
Nine months ended September 30, 2019
21,556(0.6)
1,652(9.2)
1,755(7.7)
1,239
(7.2)
Nine months ended September 30, 2018
21,696
11.8
1,820
31.5
1,900
29.1
1,335
22.4
Earnings per share

Diluted earnings per share

Yen
187.98200.73Nine months ended September 30, 2019
Nine months ended September 30, 2018

Yen––(2) Consolidated financial position
Total assets

Net assetsMillions of yen
25,61026,584As of September 30, 2019
As of December 31, 2018

Equity ratio

Millions of yen
13,883
12,520%54.2
47.1

2. Cash dividends
Annual dividends per share

Year ended December 31, 2018Year ending December 31, 2019

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
25.00
30.00

Yen––

Yen
35.00

Yen
60.00

30.00

60.00

Year ending December 31, 2019 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2019 (from January 1, 2019 to December 31, 2019)
Net sales
Full year

Millions of yen
29,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
(1.0)
2,180
1.9
2,310
2.6
1,650
3.1
250.3014. Notes(1) Changes in significant subsidiaries during the nine months ended September 30, 2019(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2019

6,715,000 shares As of December 31, 2018

6,715,000 shares

122,867 shares As of December 31, 2018

122,867 shares

Number of treasury shares at the end of the period
As of September 30, 2019

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2019

6,592,133 shares Nine months ended September 30, 2018

2

6,654,108 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2018

As of September 30, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

6,170
10,486

7,495
7,865

Merchandise and finished goods
Work in process

779
217

524
222

Costs on uncompleted construction contracts
Raw materials and supplies

592
212

479
233

Other
Allowance for doubtful accounts

96(1)

145
(1)

18,553

16,964

3,170(1,675)

3,170(1,744)

Buildings and structures, net

1,494

1,425

Machinery, equipment and vehicles
Accumulated depreciation

147
(94)

182
(103)

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

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Other
Accumulated depreciation
Other, net

5378

612
(500)

623
(530)

111

93

1,360
3

1,360
3(3)

(3)

0–

3,020

2,958

Intangible assets
Investments and other assets

78

160

Investment securities
Insurance funds

3,160
933

3,965
721

Real estate for investment, net
Deferred tax assets

692
12683
20

Other
Allowance for doubtful accounts

240
(107)

243
(107)

Total investments and other assets

4,931

5,526

Total property, plant and equipmentTotal non-current assets
Total assets

3

8,031

8,645

26,58425,610(Millions of yen)
As of December 31, 2018

As of September 30, 2019

Liabilities
Current liabilities
Notes and accounts payable - trade

9,454

7,366

Short-term loans payable
Income taxes payable

1,090
443

1,090
266

Accrued consumption taxes
Advances received

152
1,391

141
1,139

–115

203
112

Provision for bonuses
Provision for loss on construction contracts
Other628

415

13,276

10,735

Deferred tax liabilities
Provision for directors' retirement benefits

417
158

598
158Net defined benefit liability
Other139
72

158
74

Total non-current liabilities

787

990

14,064

11,726

Shareholders' equity
Capital stock

1,001

1,001

Capital surplus
Retained earnings

831
9,912

831
10,723

Treasury shares

(291)

(291)

11,454

12,264

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

1,138
(72)

1,678
(58)

Total accumulated other comprehensive income

1,066

1,619

12,52013,883

26,58425,610Total current liabilities
Non-current liabilities

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

September 30, 2018

September 30, 2019

Net sales
Cost of sales

21,696
15,882

21,556
15,789Gross profit

5,814

5,767

Selling, general and administrative expenses

3,994

4,115

Operating profit

1,820

1,652

Interest income
Dividend income

149254Rent of real estate for investment
Insurance income

70
1274–

Other2321

Total non-operating income

156

153

Interest expenses
Rent expenses on real estates

630

629

Loss on insurance cancellation
Other

34
4

95

Total non-operating expenses

7550

Ordinary profit

1,900

1,755

Profit before income taxes

1,900

1,755

Income taxes - current

613

586

Income taxes - deferred

(48)

(70)

Non-operating income

Non-operating expenses

Total income taxes

564

515

Profit

1,335

1,239

Profit attributable to owners of parent

1,335

1,2395

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

Nine months ended

Nine months ended

September 30, 2018

September 30, 2019

1,335

1,239(64)17539
13(47)

552

1,288

1,791

1,288

1,791––

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6