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 Three Months Ended March 31, 2022
(Based on Japanese GAAP)May 10, 2022
Company name:
EBARA JITSUGYO CO.,LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

6328
URL https://www.ejk.co.jp/President and COO

Inquiries:

Managing Executive Officer, Head ofPlanning & Strategy OfficeToshinori Yoshida
Shuji Ohno

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

May 13, 2022–

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

Yes
No

TEL

03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended March 31, 2022 (from January 1, 2022 to March 31, 2022)(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%Three months ended March 31, 2022
11,754 (20.2)
2,334 (34.1)
2,372 (33.7)
1,733 (36.0)
Three months ended March 31, 2021
14,725
27.6
3,544
74.0
3,576
72.9
2,707
93.4
Earnings per share

Diluted earnings per share

Yen
141.75215.44Three months ended March 31, 2022
Three months ended March 31, 2021

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
38,93135,725

As of March 31, 2022
As of December 31, 2021

Equity ratio

Millions of yen
19,604
19,152%50.4
53.6

2. Cash dividends
Annual dividends per share

Year ended December 31, 2021
Year ending December 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
75.00

Yen–

Yen
47.50

Yen–

42.50

–

42.50

85.00

Year ending December 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022)Net sales
Full year

Millions of yen
35,000Percentages 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
7.7
3,800(4.6)
3,950(3.9)
2,800 (11.4)
228.951

4. Notes(1) Changes in significant subsidiaries during the three months ended March 31, 2022
(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:

Yes
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 March 31, 2022

13,430,000 shares As of December 31, 2021

13,430,000 shares

Number of treasury shares at the end of the period
As of March 31, 2022

1,195,254 shares As of December 31, 2021

1,200,454 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended March 31, 2022

12,231,557 shares Three months ended March 31, 2021

212,568,934 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2021

As of March 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade11,100
10,447

12,767–

Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods–
863

13,881
838

Work in process
Costs on construction contracts in progress

281
489

270
112

Raw materials and supplies
Other

389
352

450
240

Allowance for doubtful accounts

(1)

(1)

23,921

28,559

3,634

3,645

Accumulated depreciation(1,938)(1,962)

Buildings and structures, net

1,696

1,682

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

Machinery, equipment and vehicles

196

196

Accumulated depreciation

(147)

(152)

49

44

Tools, furniture and fixtures

Machinery, equipment and vehicles, net

670

673

Accumulated depreciation

(581)

(582)

89

91

1,356

1,356

–
–

70–

7

3,191

3,181

120

113

Investment securities
Insurance funds

7,166
408

5,792
408

Investment property, net
Deferred tax assets

683
66

628
86

Other
Allowance for doubtful accounts

272
(105)

267
(105)

Total investments and other assets

8,491

7,076

11,804

10,37135,72538,931Tools, furniture and fixtures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of December 31, 2021

As of March 31, 2022

Liabilities
Current liabilities
Notes and accounts payable - trade

9,829

13,194

1,090
80

1,010
80

818
334

947
408

1,369
––
996

Provision for bonuses
Provision for loss on construction contracts

–78

301
34

Other

746

547

14,346

17,521

176
1,598

176
1,163

Provision for retirement benefits for directors (and otherofficers)

158

158

Retirement benefit liability
Other

182
110

189
115

Total non-current liabilities

2,227

1,804

16,573

19,326

Shareholders' equity
Share capital

1,001

1,001

Capital surplus
Retained earnings

1,032
15,133

1,032
16,384

Treasury shares(1,974)(1,961)

Total shareholders' equity

15,192

16,456

3,944
15

3,130
17

Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Accrued consumption taxes
Advances received
Contract liabilities

Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilitiesTotal liabilities
Net assets

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

43,9593,148

19,152

19,60435,72538,931

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

Three months ended

March 31, 2021

March 31, 2022

Net sales
Cost of sales14,725
9,677

11,754
7,805

Gross profit

5,047

3,948

Selling, general and administrative expenses

1,503

1,613

Operating profit

3,544

2,334

Interest income
Dividend income

017

121

Rental income from investment property
Gain on sale of investment securities

22
1125–

Non-operating income

Other

1

6

Total non-operating income

5355

Interest expenses
Rental expenses on real estate

18

1
10Commission expenses
Other

82

2
4

Total non-operating expenses

2118

3,576

2,372

Gain on sale of investment securities
Gain on sale of membership

338
0140–

Total extraordinary income

338

140

Extraordinary losses
Loss on sale of investment securities

26–

Loss on sale of membership
Loss on disposal of non-current assets

0––1

Loss on investments in silent partnerships–

9

Total extraordinary losses

26

11

Profit before income taxes

3,887

2,501

Income taxes - current

1,284

908

Income taxes - deferred(104)(140)

Total income taxes

1,180

767

Profit

2,707

1,733

Profit attributable to owners of parent

2,707

1,733

Non-operating expenses

Ordinary profit
Extraordinary income

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

ProfitOther comprehensive income

Three months ended

Three months ended

March 31, 2021

March 31, 2022
2,707

1,733

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

117
4(814)
2

Total other comprehensive income

122(811)

2,829

921

2,829

921

––

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

6