Summary of Business Results for the Year Ended March 31, 2022
[Japan GAAP] (Consolidated)
May 16, 2022
Akatsuki Corp.
Listed on the TSE8737
URL: https://www.akatsuki-fg.com/
Hideaki Shimane, President and Representative Director
Michihiro Kitano, Director, Executive Officer, Manager ofT E L: +81-3-6821-0606
President’s Office
Expected date of annual shareholders’ meeting: June 29, 2022
Expected starting date of dividend payment: June 30, 2022
Expected date of filing of annual securities report: June 29, 2022
Preparation of supplementary financial document: YesResults briefing: NoneCompany
Stock Code
Representative
Contact（Rounded down to million yen）

1. Consolidated business results for the fiscal year ended March 2022
(April 1, 2021 through March 31, 2022)(1) Consolidated results of operations(% change from the previous corresponding period)
Net operating
revenues

Operating revenues
Year ended Mar. 2022
Year ended Mar. 2021

Million yen%

35,31239,090-9.7
13.6(Note) Net income before income taxes:
Year ended March 2022: 1,421 million yen (-35.8%)
Year ended March 2021: 2,215 million yen (12.9%)(Note) Comprehensive income:Year ended March 2022: 991 million yen (-31.1%)
Year ended March 2021: 1,439 million yen (-0.9%)

Net income
per share

Million yen

16,654
17,065

Diluted net income
per share

Yen
32.73
46.20

Year ended Mar. 2022
Year ended Mar. 2021

%

-2.4
63.6

Operating income

Ordinary income

Net income attributable toowners of parent

Million yen

Million yen

Million yen%

1,568
2,590

-39.4
62.5

Return onequity

Yen-%
7.2
10.5

1,229
2,218%

-44.6
102.7

Ratio of ordinaryincome to total
assets%
2.0
3.7%

1,008
1,430

-29.5
0.9

Ratio of operating
income to net sales%
4.4
6.6(Reference) Investment earnings/loss on equity-method:Year ended March 2022: -6 million yen
Year ended March 2021: -2 million yen(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of thefiscal year under review in accordance with the transitional treatment.

(2) Consolidated financial position
Total assets
As of Mar. 2022
As of Mar. 2021

Million yen
64,183
61,660(Reference) Shareholders’ equity:
As of March 2022: 14,091million yen
As of March 2021: 13,775 million yen

Net assets
Million yen
14,772
13,792

Shareholders’ equity
ratio%
22.0
22.3

Net assets pershareYen
459.66447.35(3) Consolidated results of cash flows

Year ended Mar. 2022
Year ended Mar. 2021

Cash flows fromoperating activities
Million yen-4,612
6,852

Cash flows frominvesting activities
Million yen-950-1,436－ 1 －Cash flows fromfinancing activities
Million yen
2,478-5,386

Cash and cash equivalents
at the end of period
Million yen
12,46015,544

2. Dividends
Annual dividendYear ended Mar. 2021
Year ended Mar. 2022
Year ending Mar. 2023(forecast)End of1Q
Yen-

End of2Q
Yen
8.50
9.50

End of
3Q
Yen--

9.50

-

Year-end

Total
dividend(Total)

Total

Yen
9.50
8.50

Yen
18.00
18.00

9.50

19.00

Dividend
payout ratio(Consolidated)

Million yen
605
611

%
39.0
55.0

Rate of total
dividend tonet assets(Consolidated)
%
4.1
4.0-

* For the year ending March 2023 (forecast), the payout ratio is forecasted to be 34.1 to 57.9%.
* “Rate of total dividend to net assets (Consolidated)” is the ratio of annual dividends per share to the average amount of net assets per share at the beginning andend of the fiscal year. The Company strives to maintain a minimum level of 4.0% unless their financial soundness is impaired.

3. Forecast of consolidated business results for the fiscal year ending March 2023
(April 1, 2022 through March 31, 2023)(% change from the previous corresponding period)

Operating revenues
Year ending Mar. 2023

Operating income

Ordinary income

Million yen%

Million yen%

Million yen%

39,50044,40011.925.7

1,9003,000

21.291.3

1,8002,800

46.5127.8

Net income attributable toowners of parent
Million yen%

1,0001,700*As reference information, the Company also discloses "Forecast of Consolidated Earnings before Income Taxes and Minority Interests" as follows.
Income before income taxes and minority interests: 1,800 to 2,800 million yen (26.7% to 97.0%)*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): Yes
Excluded: 1 (LLC Satsuki)(2) Changes in accounting policies, accounting estimates and restatement① Changes in accounting policies associated with revision of accounting standards② Changes in accounting policies other than ①③ Changes in accounting estimates④ Restatement: Yes: None: None
: None(3) Shares outstanding (common stock)① Number of shares outstanding at the end of period (treasury stock included)
As of March 2022
34,029,544 shares
As of March 2021
34,029,544 shares② Treasury stock at the end of period
As of March 2022
3,374,179 shares
As of March 2021
3,236,693 shares③ Average number of stock during period
Year ended March 2022
30,801,710 sharesYear ended March 2021
30,969,040 shares(Note) The number of treasury stock which is deducted for calculating the number of treasury stock during period and the average number ofshares during the period includes the shares of the Company owned by the ESOP Trust Account and the BBT Trust Account.

*Financial summary is not subject to auditing procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company
and certain assumptions that the company deems to be reasonable at the time this report was prepared. Actual results
may differ significantly from the forecasts due to various factors.
This document is an English translation of a Japanese announcement made on the date above. Although the we
intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English
translation is not guaranteed and thus you are encouraged to refer to the original Japanese document.

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