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, 2020
(Based on Japanese GAAP)
November 4, 2020
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 OfficeToru Abe
Shuji Ohno

TEL

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

November 10, 2020
–Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2020 (from January 1, 2020 to September 30, 2020)(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, 2020
21,933
1.7
2,298
39.1
2,409
37.3
1,685
36.0
Nine months ended September 30, 2019
21,556(0.6)
1,652(9.2)
1,755(7.7)
1,239(7.2)
Earnings per share

Diluted earnings per shareYen
264.85187.98Nine months ended September 30, 2020
Nine months ended September 30, 2019

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
28,70328,065

As of September 30, 2020
As of December 31, 2019

Equity ratio

Millions of yen
15,616
14,945

%
54.4
53.3

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended December 31, 2019

Yen–

Yen
30.00

Yen–

Yen
30.00

Yen
60.00

Year ending December 31, 2020

–

30.00

–70.00100.00Year ending December 31, 2020 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2020 (from January 1, 2020 to December 31, 2020)
Net sales
Full year

Millions of yen
30,000Percentages 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
5.5
2,800
38.3
2,950
36.0
2,000
32.2
318.241

4. Notes(1) Changes in significant subsidiaries during the nine months ended September 30, 2020(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, 2020

6,715,000 shares As of December 31, 2019

6,715,000 shares

430,442 shares As of December 31, 2019

122,867 shares

Number of treasury shares at the end of the period
As of September 30, 2020

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2020

6,365,113 shares Nine months ended September 30, 20192

6,592,133 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2019

As of September 30, 2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

6,40810,167

9,566
7,651

Merchandise and finished goods
Work in process

541
195

643
227

Costs on construction contracts in progress
Raw materials and supplies

647
210

440
337

Other
Allowance for doubtful accounts

150
(1)

191
(1)

18,321

19,057

3,172(1,767)

3,205(1,834)

Buildings and structures, net

1,405

1,370

Machinery, equipment and vehicles
Accumulated depreciation

191
(110)

195
(130)

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

80

64631
(543)

637
(566)

87

70

1,360
3

1,360
3(3)

(3)

––

2,934

2,866

Intangible assets
Investments and other assets

154

135

Investment securities
Insurance funds

5,087
727

5,081
731

Investment property, net
Deferred tax assets

679
14669
20

Other
Allowance for doubtful accounts

253
(106)

245
(106)

Total investments and other assets

6,655

6,642

Total property, plant and equipment

Total non-current assets
Total assets

39,744

9,645

28,06528,703

(Millions of yen)
As of December 31, 2019

As of September 30, 2020

Liabilities
Current liabilities
Notes and accounts payable - trade

8,397

7,365

Short-term borrowings
Income taxes payable

1,090
381

1,090
507

Accrued consumption taxes
Advances received

136
1,056

212
1,908

–112

205
174

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

570

349

11,746

11,812

977

862

158

158

153

176

Non-current liabilities
Deferred tax liabilities
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability
Other83

75

1,374

1,273

13,12013,086

Share capital
Capital surplus

1,001
831

1,001
831

Retained earnings
Treasury shares

10,996(291)

12,295(861)

Total shareholders' equity

12,53813,266

2,451

2,381

(44)

(31)

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

42,4072,350

14,945

15,61628,06528,703

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, 2019

September 30, 2020

Net sales
Cost of sales

21,556
15,78921,933
15,419Gross profit

5,767

6,514

Selling, general and administrative expenses

4,115

4,215

Operating profit

1,652

2,298

Interest incomeDividend income

254

057

Rental income from investment property
Other

74
2172
21

Total non-operating income

153

153

64

Rental expenses on real estate
Loss on cancellation of insurance policies

29928
0

Other

58

Non-operating income

Non-operating expenses
Interest expenses

Total non-operating expenses

50

41

1,755

2,409

–

31–

31

Profit before income taxes

1,755

2,378

Income taxes - current
Income taxes - deferred

586
(70)

788
(95)

Total income taxes

515

692

Profit

1,239

1,685

Profit attributable to owners of parent1,239

1,685

Ordinary profit
Extraordinary losses
Loss on valuation of investment securities
Total extraordinary losses

5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, 2019

September 30, 2020

1,239

1,685

539
13(70)
12552(57)

1,791

1,628

1,791

1,628––

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