TRANSLATED
August 10, 2022

Consolidated 2nd Quarter Financial Results
for the Fiscal Year Ended December 31, 2022
(January 1, 2022 to June 30, 2022)
Company name:
Stock code:
Stock exchange listing (Section):
Head office:
URL:
President:
Contact:

Telephone:
Scheduled date of filing quarterly financial
statement:
Scheduled date of payment of cash dividends:

SIIX Corporation
7613
Tokyo Stock Exchange, (Prime Market)
Osaka, Japan
https://www.siix.co.jp
Koji Yanase
Seiji Ono
Director, Executive Officer and General Manager,
Finance and Accounting Department+81-6-6266-6415
August10, 2022
September 1, 2022

(Amounts rounded down to million yen)

1. Consolidated Financial Results (January 1, 2022 – June 30, 2022)(1) Consolidated Results of Operations(The percentages in the table below represent changes from the previous fiscal year)
Net sales
Operating income
Ordinary income
YoY change
YoY change
YoY
Million yen
Million yen
Million yen(%)(%)
change (%)
2nd quarter ended Jun. 2022
2nd quarter ended Jun. 2021

125,467
109,470

14.6
36.4

Profit attributable to owners ofparent
YoY change
Million yen(%)
2nd quarter ended Jun. 20222nd quarter ended Jun. 2021

1,579
2,452

3,457
2,541

3,639
2,917

24.8
271.9

Net income per share (basic)

Net income per share (diluted)

Yen

Yen

(35.6)－(note) Comprehensive income
2nd quarter ended June 2022:
2nd quarter ended June 2021:

36.0
142.5

33.41
51.90

33.37
51.83

12,565million yen (y/y 83.2%)
6,858million yen (y/y －%)(2) Consolidated Financial Position
Total assets
Million yen
2nd quarter ended Jun. 2022
Year ended Dec. 2021
(Reference) Stockholders’ equity:
2nd quarter ended June 2022:
Year ended December 2021:

Net assets
Million yen
196,978
169,921

Capital-to-asset ratio%
78,26066,36977,741 million yen
65,879 million yen

―1―

39.5
38.8

TRANSLATED
2. Dividends
Annual dividends per share(Base date)

1st quarter2nd quarter
Yen
15.00
15.00

―
Year ended Dec. 2021―
Year ended Dec. 2022
Year ended Dec. 2022
(forecasts)(note) Changes in Forecasts for Dividends during this quarter:

3rd quarter

Term-end
Yen

―

15.00

Annual dividends
Yen
30.00

―

16.00

31.00

None

3. Consolidated Business Performance Forecasts for the Year Ending December 2022
(January 1, 2022 – December 31, 2022)
Net sales
Million yen
Full year(The percentages in the table below represent changes from the previous fiscal year)
Operating income
Ordinary income
YoY change
YoY change
YoY
Million yen
Million yen(%)(%)
change (%)

240,000

5.8

8,000

34.8(Note) Changes in Consolidated Business Performance Forecasts for the Fiscal Year Ending December 2022 during this quarter:

None

Profit attributable to owners ofparent
YoY change
Million yen

8,000

Net income per share (basic)
Yen

(%)

Full year6.000

61.5

31.5

126.95＊ Note(1) Transfer of important subsidiaries during the period (transfer of specific subsidiaries in association with changes in thescope of consolidation):
None(2) Adoption or non-adoption of a specific method in accounting procedures:

None(3) Changes in accounting policy and accounting estimate, and restatement related to consolidated financial statements(i) Changes associated with the revision of accounting standards:
Change(ii)Changes other than those described in (i):None(iii)Changes in accounting estimate:None(iv)Restatement:
None(4) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of the fiscal year (including treasury stock):
2nd quarter ended Jun. 2022:
50,400,000 sharesYear ended Dec. 2021:
50,400,000 shares(ii) Number of treasury stock at the end of the fiscal year:
2nd quarter ended Jun. 2022:
3,096,787 sharesYear ended Dec.2021:
3,137,933 shares(iii)Average number of shares outstanding:
2nd quarter ended Jun. 2022:
47,276,532 shares
2nd quarter ended Jun. 2021:
47,260,246 shares.
*These financial statements have not been prepared for the purpose of review procedures.
*Explanations and other special notes concerning the appropriate use of business performance forecasts
The consolidated business performance forecasts given above are based on the information available at the current time and assumptionsof supposable market trends, etc., and thus may greatly differ from future performance for a variety of future reasons.

―2―TRANSLATED■ Consolidated Financial Statements(1) Consolidated Balance Sheets(JPY in millions)
As of Dec. 31, 2021

As of Jun. 30, 2022

AssetsCurrent assetsCash and deposits

9,484

9,081

Notes and accounts receivable-trade47,278－－53,692Merchandise and finished goods

22,261

27,305Work in process

1,903

2,293

Raw materials and supplies

34,07542,542

Other

7,845

8,040

Allowance for doubtful accounts

(50)

(52)

122,797

142,902

Buildings and structures, net

17,386

19,390Machinery, equipment and vehicles, net

12,431

15,148

Land

3,893

4,133

Other, net

4,052

5,884

Total property, plant and equipment

37,76444,558Intangible assets

2,590

2,666

Investment securities

2,385

2,172

Investments in capital

957

1,109

Other

3,528

3,675

Allowance for doubtful accounts

(102)

(106)

6,768

6,850

47,12354,075

169,921

196,978

Notes and accounts receivable and contract assets-trade

Total current assets
Noncurrent assets
Property, plant and equipment

Investments and other assets

Total Investments and other assets
Total noncurrent assets
Total assets―3―

TRANSLATED(JPY in millions)

As of Dec. 31, 2021

As of Jun. 30, 2022

Liabilities
Current liabilities
Accounts payable-trade37,29837,370

Short-term loans payable

31,561

35,632

Income taxes payable

1,667

2,040

Other

9,306

12,61979,83387,662

Bonds

10,00010,000Long-term loans payable

8,446

15,201

668

730

4,603

5,123

23,71831,055103,551

118,718

Capital stock

2,144

2,144

Capital surplus

5,630

5,594

Retained earnings

57,07457,945

Treasury stock(5,945)(5,868)58,90259,815

528
6,404

242
17,621

Adjustment for retirement benefits

4462

Total accumulated comprehensive income

6,976

17,926

Subscription rights to shares

77

69

Non-controlling interests

412

448

Total net assets

66,36978,260

Total liabilities and net assets

169,921

196,978

Total current liabilities
Noncurrent liabilities

Liabilities for retirement benefits
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment―4―

TRANSLATED(2) Consolidated Statements of Income(JPY in millions)Jan. 1, 2021 - Jun. 30, 2021

Jan. 1, 2022 - Jun. 30, 2022

Net sales

109,470

125,467

Cost of sales99,410

113,882

Gross profit

10,05911,584

Selling, general and administrative expenses

7,517

8,126

Operating income

2,541

3,457

Interest income

117Dividends income

156

Share of profit of entities accounted for using equity method－

98

Foreign exchange gains

206

100

Subsidy income

8896

Gain on sales of goods

320

139

Non-operating income

Gain on sales of scrap

85

110

Other

117

141

Total non-operating income

846

701

Interest expenses

137

287

Share of loss of entities accounted for using equity method
Purchase of goods

3276－
93

Other

53

138

Total non-operating expenses

471

519

2,917

3,639

Gain on reversal of share acquisition rights

0－

Total extraordinary income

0－

Losses related to COVID-19－

367

Total extraordinary losses－367

Income before income taxes

2,917

3,272

Income taxes-current

1,155

1,253

Income taxes-deferred(695)454

Total income taxes-current

459

1,707

2,457

1,564

4(15)

2,452

1,579

Non-operating expenses

Ordinary income
Extraordinary income

Extraordinary loss

Net Income
Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent―5―

TRANSLATED
Consolidated Statements of Comprehensive Income(JPY in millions)Jan. 1, 2021 - Jun. 30, 2021
Net Income(loss)

Jan. 1, 2022 - Jun. 30, 2022

2,457

1,564570(286)Foreign currency translation adjustment

3,753

11,126

Remeasurements of defined benefit plans

724

Equity equivalent of equity method affiliate

69136

4,400

11,001

6,858

12,565

6,825

12,52932

36

Other comprehensive income
Valuation difference on available-for-sale securities

Total other comprehensive income
Comprehensive income(Content)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests―6―TRANSLATED(3) Consolidated Statements of Cash Flows(JPY in millions)Jan. 1, 2021 - Jun. 30, 2021
Net cash provided by (used in) operating activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Foreign exchange losses (gains)
Equity in (earnings) losses of affiliates
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in inventoriesDecrease (increase) in consumption taxes refund
receivable
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in advances received
OtherSubtotal
Interest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investment activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments of loans receivableCollection of loans receivableCollection of investments in capital
Proceeds from subsidy income
Other
Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Purchase of treasury stock
Cash dividends paid
Other
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents from newly consolidated
subsidiary
Cash and cash equivalents at end of period―7―

Jan. 1, 2022 - Jun. 30, 2022

2,917
2,972
1(27)
137
(448)
3

3,272
3,650
(0)
(13)
287
(1,065)(98)(2,314)(26)(5,370)(5,502)

399

339

3,775
30
866
2,942
18(130)
(644)
2,185

(3,301)
1,130(568)(1,897)
12(257)(1,291)(3,435)(1,880)19(442)
(16)
15－
64
54
(2,185)(3,914)1(219)
(19)
17
47
14
0(4,073)(6,887)936(2,178)
(0)
(708)
(248)
(9,086)
1,137

1,682
7,035
(1,913)－(707)(329)(5,768)
1,318(7,949)22,968
40

(421)
9,315
－

15,0598,894

(4) Notes to Quarterly Consolidated Financial Statements(Notes on premise of a going concern)
Not applicable.

TRANSLATED(Notes in the event of a significant change in the amount of shareholders' equity)
Not applicable.
(Changes associated with the revision of accounting standards)
The Company has adopted the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020)and other standards since the beginning of consolidated 1st quarter of the fiscal year, ending December 31, 2022. We now
recognize revenue in the amount that expects to receive in exchange for promised goods or services at the time control of
the goods or services are transferred to a customer. As a result, in some transactions, we previously recognized revenue inthe total amount of proceeds, but has changed to recognizing revenue on a net basis as a result of determining that thetransactions are agent transactions since we do not control the goods or services to be transferred to the customer but
provides services to arrange these goods or services.
Based on the transitional treatment outlined in Article 84 of the “Accounting Standard for Revenue Recognition,” thecumulative effect of retroactively applying the new accounting policy to periods prior to the beginning of the consolidated
1st quarter of the fiscal year ending December 31, 2022, is reflected in the balance of retained earnings at the beginning of
the consolidated 1st quarter of the fiscal year ending December 31, 2022.
As a result, there is no impact on operating income, ordinary income and income before income taxes and minority
interests, while net sales and cost of sales in the consolidated 2nd quarter of the fiscal year decreased by 4,078 million yen.
In addition, there is no effect on the balance of retained earnings at the end of the period.
Due to the adoption of the "Accounting Standard for Revenue Recognition", "Notes and accounts receivable-trade"
presented as "Current assets" in the consolidated balance sheet for the previous fiscal year is included in "Notes andaccounts receivable and contract assets-trade" from the current fiscal year. On the other hand, based on the transitionaltreatment outlined in Article 89-2 of the “Accounting Standards for Revenue Recognition,” the company has not reclassified
items reported in the previous consolidated fiscal year based on the new classification method.
(Additional Information)
Accounting estimate for the impact of the COVID-19 infection
During the first half of the current fiscal year, there were no significant changes to the accounting estimates regarding theimpact of the COVID-19 infection described in Additional Information of the 30th Annual Securities Report.
Although the Group has made careful estimates based on external information available at the time of preparation of thequarterly consolidated financial statements, the timing of convergence of the said infectious disease is currently
unpredictable, and actual results may differ from the above estimates.
(Consolidated Statements of Income)Losses related to COVID-19
The consolidated subsidiaries in the Greater China Segment of the Group have reclassified the fixed costs corresponding to
the period during which they suspended operations at their respective sites and reduced operating hours at the request of theChinese government and others to prevent the spread of COVID-19 as "Losses related to COVID-19”.

―8―

TRANSLATED【Segment Information】
Ⅰ 2nd quarter of previous year (Jan 1, 2021 – Jun 30, 2021)
1 Information of net sales and income or loss by segments
Reportable Segment
Japan

China

ASEAN

EuropeAmericas

Total(JPY in millions)
Consolidated
incomeAdjustment
statement(note 1)
(note 2)

Sales
Sales to third parties

23,31328,304

31,748

8,011

18,071

109,449

20

109,470

Intersegment sales and transfers

20,080

10,587

9,246

522

3,253

43,689(43,689)―43,393

38,89240,995

8,533

21,325

153,139(43,669)

109,470(20)785

1,616

168

173

2,723

(181)

2,541

Total
Segment income or loss
(note 1) Adjustment is as following;

1. The amount of adjustment in sales to third parties, 20 million yen, is sales in Corporate segment.
2. The amount of adjustment in inter-segment sales and transfer, -43,689 million yen, is the amount of elimination of internal transactions between segments.
3. The amount of adjustment in segment income, -181 million yen, is the amount of elimination of internal transactions between segments.
(note 2) The amount of adjustment in segment income is adjusted with operating income in the quarterly consolidated statements of income.

2 Information of assets by segments
Not applicable.
Ⅱ 2nd quarter of current year (Jan 1, 2022 – Jun 30, 2022)

1

Information of net sales and income or loss by segments
Reportable Segment
Japan

China

ASEAN

EuropeAmericas

Total(JPY in millions)
Consolidated
Adjustment
incomestatement(note 1)
(note 2)

Sales
Sales to third parties

22,792

31,66940,132

8,261

22,543125,39967

125,467Intersegment sales and transfers

21,524

9,798

10,455637

5,448

47,865(47,865)―

44,317

41,46750,588

8,899

27,991

173,264(47,797)

125,467

230

722

2,257

(81)

577

3,705

(247)

3,457

Total
Segment income or loss(note 1) Adjustment is as following;

1. The amount of adjustment in sales to third parties, 67 million yen, is sales in Corporate segment.
2. The amount of adjustment in inter-segment sales and transfer, -47,865 million yen, is the amount of elimination of internal transactions between segments.
3. The amount of adjustment in segment income, -247 million yen, is the amount of elimination of internal transactions between segments.
(note 2) The amount of adjustment in segment income is adjusted with operating income in the quarterly consolidated statements of income.

2 Information of assets by segments
Not applicable.
3 Information of changes of segments
As stated in Changes associated with the revision of accounting standards, we have changed its accounting method for revenue recognition byadopting the "Accounting Standard for Revenue Recognition" and other standards since the beginning of consolidated 1st quarter of the fiscal
year, ending December 31, 2022 so that the calculation method of profit or loss by reportable segment has been changed in the same manner.
As a result, there is no impact on segment income. Since net sales and cost of sales in “Japan” in the consolidated 2nd quarter of current fiscal
year decreased respectively by 4,078 million yen.

―9―