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 Year Ended March 31, 2024
(Based on Japanese GAAP)May 13, 2024
Company name:

Origin Company, Limited

Stock exchange listing: Tokyo
Stock code:
Representative:

6513
URL https://www.origin.co.jp/
Hideki Inaba, President CEO

Contact:

Atsushi Akamatsu, Senior Executive Officer, CFO and General Manager, Accounting Department

Phone:+81-48-755-9242
Scheduled date of ordinary general meeting of shareholders:June 27, 2024

Scheduled date to file Securities Report:

June 27, 2024

Scheduled date to commence dividend payments:

June 28, 2024

Preparation of supplementary material on financial results:
Holding of financial results meeting:Yes
Yes(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
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%
Year ended March 31, 2024
28,205 -12.0
-583
–42
-97.1
-1,468–Year ended March 31, 2023
32,036
-1.0
574
-73.0
1,461
-48.4
365
-83.2
Note: Comprehensive income Year ended March 31, 2024
Year ended March 31, 2023

Earnings per share¥595 million [-61.8%]¥1,561 million [-54.6%]
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
–-6.1
0.1
-2.1
–1.5
3.2
1.8

Diluted earnings pershareYen-255.11
60.71

Year ended March 31, 2024
Year ended March 31, 2023

Reference: Share of profit (loss) of entities accounted for using equity method Year ended March 31, 2024
Year ended March 31, 2023¥-22 million¥5 million(2) Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
47,56844,130
As of March 31, 2024
As of March 31, 2023

Millions of yen
26,34726,653

Equity ratio

Net assets per share
%
50.4
55.0

Yen
4,270.58
4,106.29¥23,950 million¥24,265 million(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows fromoperating activities
Millions of yen
11
1,772

Cash flows frominvesting activities
Millions of yen
200-1,464

1

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
1,020
8,033
-1,8826,577

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)

Total cash
Dividend payout
dividends (Total) ratio (Consolidated)

Total

Ratio of dividends
to net assets(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%%

––

20.00
15.00

–
–

20.00
15.00

40.00
30.00

239
172

65.9
–

1.0
0.7

–

20.00

–

20.00

40.00

112.2

3. Forecasts of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)

Net salesFull 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
6.4
350–700–
200–
35.66

* As the Company manages financial results annually, forecasts of consolidated financial results for the first six months are omitted.
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

6,699,986 shares As of March 31, 2023

6,699,986 shares

1,091,644 shares As of March 31, 2023

790,706 shares

Number of treasury shares at the end of the period
As of March 31, 2024
Average number of shares during the period
Year ended March 31, 2024

5,757,963 shares Year ended March 31, 2023

6,021,536 shares* Number of treasury shares excluded for calculating the number of treasury shares at the end of the period and average number of shares during
the period include the Company’s shares held by the trust account related to stock remuneration system (BBT=Board Benefit Trust).

2

Reference: Summary of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results

Percentages indicate year-on-year changes
Net salesYear ended March 31, 2024
Year ended March 31, 2023

Operating profit

Millions of yen
21,08425,142%-16.1
1.9

Earnings per share

Millions of yen-1,318-189%––

Millions of yen
600
1,797

Profit%
-66.6
-28.6

Millions of yen-410
1,064%–-56.7

Diluted earnings per share

Yen-70.91
175.84

Year ended March 31, 2024
Year ended March 31, 2023

Ordinary profit

Yen––(2) Non-consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
38,30733,877
As of March 31, 2024
As of March 31, 2023

Millions of yen
19,577
19,107

Equity ratio

Net assets per share%
51.1
56.4

Yen
3,468.92
3,214.53¥19,577 million¥19,107 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters(Caution concerning forward-looking statements)
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to theCompany and on certain assumptions deemed to be reasonable and actual results may differ substantially due to various factors.
(Financial results meeting and how to obtain supplementary materials on financial results)
The Company plans to hold the financial results meeting by video streaming on Friday, May 24, 2024. The Company will post the materials forthe financial results meeting on its website.

3Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

9,356
7,470

9,903
7,006

Electronically recorded monetary claims - operating

2,259

3,342

Merchandise and finished goods
Work in process

1,795
3,701

1,678
3,918

Raw materials and supplies

2,616

2,715

Other354

334

Allowance for doubtful accounts-9-11

27,54328,887

13,150-9,591

13,450-9,971

Buildings and structures, net

3,559

3,479

Machinery, equipment and vehicles
Accumulated depreciation

8,967-7,972

8,655-7,678

994

976

Land
Construction in progress

4,748
59

4,747
47

Other
Accumulated depreciation

5,160-4,613

5,246-4,669Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net

Other, net

547

577

9,908

9,828

419

420

5,765

7,892

Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts

2748
464-4730
45509-47

Total investments and other assets

6,258

8,431

16,586

18,68044,13047,568

Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities

Total non-current assets
Total assets

4

(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

2,254

2,085

Electronically recorded obligations - operating
Current portion of long-term borrowings

3,584
303

4,479
574

Income taxes payable

271

188

Provision for bonuses
Provision for bonuses for directors (and other officers)

558
13471
5

Provision for product compensation

107

117

Provision for environmental measures

52

8Provision for demolition of non-current assets
Unearned revenue

881

4581

Other

1,888

2,451

Total current liabilities

9,123

10,509Non-current liabilities
Long-term borrowings

164

1,840

1318

Provision for environmental measures
Retirement benefit liability
Asset retirement obligations

–
2,398
30

766
1,975
30

Long-term unearned revenue
Deferred tax liabilities
Other

5,345
315
85

5,266
772
39

Provision for share awards for directors (and otherofficers)

Total non-current liabilities

8,353

10,71017,477

21,220Share capital
Capital surplus
Retained earnings
Treasury shares

6,103
3,454
12,312-1,236

6,103
3,454
10,637-1,609Total shareholders' equity

20,634

18,585

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

2,344
1,286

3,837
1,528

Total accumulated other comprehensive income

3,630

5,365

Total liabilities
Net assets
Shareholders' equity

Non-controlling interests

2,387

2,396

Total net assets

26,653

26,347

44,13047,568

Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024

Net sales

32,03628,205

Cost of sales

24,637

21,635Gross profit

7,399

6,569

Selling, general and administrative expenses

6,825

7,152

574

-583

68
128

57180

Operating profit (loss)
Non-operating income
Interest income
Dividend income
Royalty income

5160Rental income
Foreign exchange gains

126476126
231

Share of profit of entities accounted for using equity method

5–

Other

132

140

Total non-operating income

988

796

6–

1222

Arrangement Fee
Other

–
95

48
87

Total non-operating expenses

101

170

1,461

42

Extraordinary income
Gain on sale of non-current assets

824

Total extraordinary income

824Extraordinary losses
Loss on sale of non-current assets

0071
5
452
66
–
–

33
42–
793
45
85
50

Total extraordinary losses

200

1,051

Profit (loss) before income taxes

1,269-985Income taxes - current
Income taxes - deferred

469
228

452
-189

Total income taxes

697

263

Profit (loss)

572-1,248

Profit attributable to non-controlling interests

206

220

Profit (loss) attributable to owners of parent

365-1,468Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method

Ordinary profit

Loss on retirement of non-current assets
Impairment losses
Environmental expenses
Provision for environmental measures
Provision for demolition of non-current assets
Loss on trouble measures
Extra retirement payments

6Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2023
Profit (loss)

Fiscal year ended
March 31, 2024572-1,248

462
520

1,482344

517988

1,844

1,561

595

1,192

265

368330

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7

Consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

12,350Total shareholders'equity

Treasury shares-846

21,061

Changes during period
Dividends of surplus
Provision of reserve for
employees' welfare fundProfit (loss) attributable toowners of parent-400

-400

-3-3

365

365

Purchase of treasury shares

-393

-393

Disposal of treasury shares

33

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

––-37

-389

-427

6,103

3,454

12,312-1,236

20,634

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

1,875

Foreign currencytranslation adjustment
928

Total accumulated
other comprehensive

Non-controllinginterests

Total net assets

income
2,803

2,533

26,399Changes during period
Dividends of surplus-400

Provision of reserve for-3

employees' welfare fundProfit (loss) attributable toowners of parent365

Purchase of treasury shares-393

Disposal of treasury shares

3Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

468

358

827

-146

681

468

358

827-146

253

2,344

1,286

3,630

2,387

26,6538

Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

6,103

Retained earnings

3,454

12,312

Total shareholders'equity

Treasury shares-1,236

20,634

Changes during period
Dividends of surplus
Provision of reserve for
employees' welfare fundProfit (loss) attributable toowners of parent

-205

-205

-0-0-1,468-1,468Purchase of treasury shares

-373

-373

Disposal of treasury shares––

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––-1,675-373-2,048

6,103

3,454

10,637-1,60918,585

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

2,344

Foreign currencytranslation adjustment
1,286

Total accumulated
other comprehensive

Non-controllinginterests

Total net assets

income
3,630

2,387

26,653

Changes during period
Dividends of surplus-205

Provision of reserve for-0

employees' welfare fundProfit (loss) attributable toowners of parent-1,468Purchase of treasury shares-373

Disposal of treasury shares–

Net changes in items otherthan shareholders' equity

1,492

241

1,734

9

1,743

Total changes during period

1,492

241

1,734

9-305

Balance at end of period

3,837

1,528

5,365

2,396

26,347

9Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment losses
Provision for demolition of non-current assets
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for environmental measures
Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on sale and retirement of non-current assets
Extra retirement payments
Loss on trouble measures
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in long-term unearned revenue
Other, net

Fiscal year ended
March 31, 2024
1,269
986
566-9-196
6-181-18-3052-985
971
4245
1-237
12-101-89-426
723

-5

22

63
––
1,563
231
-1,864-78
197

950
85-364
-117
683
-78
111

Subtotal

2,057

360

Interest and dividends received
Interest paid
Extra retirement payments
Income taxes paid

201-6–-479

237-12-50-523

Net cash provided by (used in) operating activities

1,772

11-641-696-42
15-62-36

1,022-658-96
34-45-55-1,464200

50-579
-48
0-392
-400
-511

2,500-553
-27–
-372
-205
-319

-1,882

1,020

Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Payments for retirement of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Proceeds from sale of treasury shares
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

395

224

Net increase (decrease) in cash and cash equivalents-1,177

1,456

Cash and cash equivalents at beginning of period

7,755

6,577

Cash and cash equivalents at end of period

6,577

8,033

10