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 Six Months Ended June 30, 2021
(Based on Japanese GAAP)
August 4, 2021
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

TEL

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

August 6, 2021
September 6, 2021

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

Yes
Yes

03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended June 30, 2021 (from January 1, 2021 to June 30, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changesProfit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended June 30, 2021
19,013
18.2
3,271
65.1
3,334
61.7
2,555
78.9
Six months ended June 30, 2020
16,087
2.8
1,982
27.8
2,062
26.5
1,428
24.5
Earnings per share

Diluted earnings per shareYen
203.23111.44Six months ended June 30, 2021
Six months ended June 30, 2020

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen36,349
32,509As of June 30, 2021
As of December 31, 2020

Equity ratio

Millions of yen
18,775
16,703%51.7
51.4

2. Cash dividends
Annual dividends per share

Year ended December 31, 2020
Year ending December 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
30.00
75.00

Yen–

Yen
80.00

Yen
110.00

–

37.50

–

Year ending December 31, 2021 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2021 (from January 1, 2021 to December 31, 2021)Net sales
Full year

Millions of yen
33,000Percentages 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
9.1
3,400
5.8
3,600
7.0
2,500
6.7
198.901

4. Notes(1) Changes in significant subsidiaries during the six months ended June 30, 2021
(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:

NoNo

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 June 30, 2021

13,430,000 shares As of December 31, 2020

13,430,000 shares

Number of treasury shares at the end of the period
As of June 30, 2021

840,838 shares As of December 31, 2020

861,048 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended June 30, 2021

12,573,681 shares Six months ended June 30, 2020

212,819,531 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2020

As of June 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,386
10,804

15,8938,504

Merchandise and finished goods
Work in process

660
224

654
368

Costs on construction contracts in progress
Raw materials and supplies

576
435

198
338

Other
Allowance for doubtful accounts

210
(1)

454
(1)

22,296

26,4093,194(1,847)

3,196(1,889)Buildings and structures, net

1,346

1,306

Machinery, equipment and vehicles
Accumulated depreciation

194(137)

192
(143)

56

48

658
(573)

651
(579)

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

8471

Land
Construction in progress

Tools, furniture and fixtures, net

1,356
13

1,356
274

Total property, plant and equipment

2,857

3,058

Intangible assets
Investments and other assets

131

135

Investment securities
Insurance funds

5,715
687

5,456
398

Investment property, net
Deferred tax assets

666
13707
35

Other
Allowance for doubtful accounts

247
(106)

255
(105)

Total investments and other assets

7,224

6,747

Total non-current assets
Total assets

3

10,2139,94032,509

36,349(Millions of yen)
As of December 31, 2020

As of June 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade

9,946

10,229

Short-term borrowings
Income taxes payable

1,090
788

1,165
1,170

Accrued consumption taxes
Advances received

261
1,411

391
2,127

152
628

122
623

Total current liabilities

14,27815,830Non-current liabilities
Deferred tax liabilities

Provision for loss on construction contracts
Other

1,086

1,067

Provision for retirement benefits for directors (and otherofficers)

158

158

Retirement benefit liability
Other

195
86210
307

Total non-current liabilities

1,527

1,743

15,805

17,574

Shareholders' equity
Share capital

1,001

1,001

Capital surplus
Retained earnings

831
12,952

1,032
15,008

Total liabilities
Net assets

Treasury shares(862)(1,013)

13,92316,029Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

2,811
(31)

2,769
(23)

Total accumulated other comprehensive income

2,780

2,746

16,703

18,77532,50936,349Total 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)Six months ended

Six months ended

June 30, 2020

June 30, 2021

Net sales
Cost of sales

16,087
11,28519,013
12,549Gross profit

4,802

6,463

Selling, general and administrative expenses

2,819

3,191

Operating profit

1,982

3,271

Interest income
Dividend income046054

Rental income from investment property
Other501246
17

Total non-operating income

110119Non-operating income

Non-operating expenses
Interest expenses

33

Rental expenses on real estate
Loss on cancellation of insurance policies

1901921

Other

5

12

Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities

2957

2,062

3,334–

338

Gain on sales of memberships–

0

Total extraordinary income–

338

Loss on sales of investment securities
Loss on valuation of investment securities

–
2826–

Loss on disposal of non-current assetsLoss on sales of membership––00

Extraordinary losses

2826

Profit before income taxes

Total extraordinary losses

2,034

3,646

Income taxes - current
Income taxes - deferred

622
(16)

1,118(27)

Total income taxes

605

1,091

Profit

1,428

2,555

Profit attributable to owners of parent

1,428

2,555

5

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

ProfitOther comprehensive income

Six months ended

Six months ended

June 30, 2020

June 30, 2021
1,428

2,555

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

(191)
8(42)
7

Total other comprehensive income

(183)

(34)

1,245

2,520

1,245

2,520

–

–

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

6

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

June 30, 2020

June 30, 2021
2,034

3,646

Depreciation
Increase (decrease) in allowance for doubtful accounts

99(0)

97(0)

Increase (decrease) in provision for loss on construction
contracts

12(29)

Increase (decrease) in retirement benefit liability
Interest and dividend income

27(47)

27(55)

Interest expenses
Loss (gain) on cancellation of insurance policies

303
18

2,901
–

2,300(323)

Loss (gain) on valuation of investment securities
Decrease (increase) in inventories

28366

–
337

Increase (decrease) in trade payables
Increase (decrease) in advances received

737
630

283
716

Decrease/increase in consumption taxes receivable/payable
Other, net

112(131)12980

Subtotal

6,774

7,231

47(3)

55(4)

Decrease (increase) in trade receivables
Loss (gain) on sales of investment securities

Interest and dividends received
Interest paid
Income taxes paid

(357)

(747)

Net cash provided by (used in) operating activities

6,461

6,534

Net decrease (increase) in forced deposits
Purchase of property, plant and equipment

1,175
(29)

(279)
(324)

Purchase of intangible assets
Purchase of investment securities

(2)
(118)

(22)
(115)

010636–

Cash flows from investing activitiesProceeds from sales and redemption of investment securities
Proceeds from cancellation of insurance funds
Other, net
Net cash provided by (used in) investing activities

(6)

(4)

1,029

(110)

––300
(2)

(197)
(570)

(502)
(0)

Cash flows from financing activities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Purchase of treasury shares
Proceeds from disposal of treasury shares–12(768)(193)

Net increase (decrease) in cash and cash equivalents

6,722

6,230

Cash and cash equivalents at beginning of period

5,227

9,381

Cash and cash equivalents at end of period

11,94915,612

Net cash provided by (used in) financing activities

7