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, 2021
(Based on Japanese GAAP)
November 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 Office

Toshinori Yoshida
Shuji Ohno

TEL

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

November 11, 2021–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:No
No03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2021 (from January 1, 2021 to September 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%
Nine months ended September 30, 2021
24,335
11.0
3,392
47.6
3,476
44.3
2,648
57.1
Nine months ended September 30, 2020
21,933
1.7
2,298
39.1
2,409
37.3
1,685
36.0
Earnings per share

Diluted earnings per share

Yen
210.97132.42Nine months ended September 30, 2021
Nine months ended September 30, 2020

Yen––(2) Consolidated financial position
Total assets

Net assetsMillions of yen
32,75632,509As of September 30, 2021
As of December 31, 2020

Equity ratio

Millions of yen
18,43816,703%56.3
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
110.0047.50–

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
3,850
19.8
4,000
18.9
3,000
28.1
238.681

4. Notes(1) Changes in significant subsidiaries during the nine months ended September 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:

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, 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 September 30, 2021

1,019,254 shares As of December 31, 2020

861,048 shares

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

12,556,191 shares Nine months ended September 30, 2020

212,730,225 shares

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

As of September 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,386
10,804

12,075
7,502

Merchandise and finished goods
Work in process

660
224

764305

Costs on construction contracts in progress
Raw materials and supplies

576
435

298
435

Other
Allowance for doubtful accounts

210
(1)

668
(1)

22,29622,0483,194(1,847)3,206(1,911)

Buildings and structures, net

1,346

1,295

Machinery, equipment and vehicles
Accumulated depreciation

194(137)

196
(143)

5652

658
(573)

660
(588)

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
282

Total property, plant and equipment

2,857

3,058

Intangible assets
Investments and other assets

131

126

Investment securities
Insurance funds

5,715
687

6,194
404

Investment property, net
Deferred tax assets

666
13707
58

Other
Allowance for doubtful accounts

247(106)

265(105)

Total investments and other assets

7,224

7,524

10,21310,708

32,50932,756

Total non-current assets
Total assets3

(Millions of yen)
As of December 31, 2020

As of September 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade

9,946

6,332

Short-term borrowings
Income taxes payable

1,090
788

1,165
759

Accrued consumption taxes
Advances received

261
1,411

321
2,958

–152

320
42

Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities

628

502

14,27812,402

1,086

1,232

158

158

195

218

Non-current liabilities
Deferred tax liabilities
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability
Other86

306

1,527

1,915

15,805

14,317

Share capital
Capital surplus

1,001
831

1,001
1,032

Retained earnings
Treasury shares

12,952(862)

14,625(1,477)

Total shareholders' equity

13,923

15,182

2,811

3,275

(31)

(19)

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

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

42,7803,256

16,703

18,43832,50932,756

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, 2020

September 30, 2021

Net sales
Cost of sales

21,933
15,41924,335
16,163Gross profit

6,514

8,171

Selling, general and administrative expenses

4,215

4,778

Operating profit

2,298

3,392

Interest income
Dividend income

057

365

Rental income from investment property
Other722173
19

Total non-operating income

153161Non-operating income

Non-operating expenses
Interest expenses

45Rental expenses on real estate
Loss on cancellation of insurance policies

28029
21

Other

821

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

41

77

2,409

3,476–

338

Gain on sales of memberships–0Total extraordinary income–

338

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

–
3126
–

Loss on disposal of non-current assets
Loss on sales of membership––

00

Extraordinary losses

3126

Profit before income taxes

Total extraordinary losses

2,378

3,788

Income taxes - current
Income taxes - deferred

788
(95)

1,251
(111)

Total income taxes

692

1,139

Profit

1,685

2,648

Profit attributable to owners of parent

1,685

2,648

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

September 30, 2020September 30, 2021

1,685

2,648

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

(70)
12463
11

Total other comprehensive income

(57)

475

1,628

3,124

1,628

3,124

––

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6