Note : This document has been translated from a part of the Japanese original for reference purposes only. In theevent of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Six Months Ended June 30, 2022
[Japanese GAAP]
August 10, 2022
Company name: Future Innovation Group, Inc.
Stock exchange listing: Tokyo and Fukuoka
Code number: 4392
URL: http://www.figinc.jp/Representative: MURAI Yuji, President and CEO
Contact: KIBE Kazuhisa, Director and Managing Executive Officer
Phone: +81-97-576-8730
Scheduled date of filing quarterly securities report: August 10, 2022
Scheduled date of commencing dividend payments: —Availability of supplementary explanatory materials on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended June 30, 2022 (January 1, 2022 - June 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2022
6,467
8.6
621
85.6
610
77.3
429
81.5
June 30, 2021
5,952
17.5
335–
344–
236
–
(Note) Comprehensive income: Six months ended June 30, 2022: ¥337 million [(41.2)%]
Six months ended June 30, 2021: ¥573 million [–%]
DilutedBasic earnings
earnings
per shareper share
Six months ended
YenYen14.67
14.47
June 30, 2022
June 30, 2021
8.11
7.99
(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Million yen%

19,074As of June 30, 2022
9,095
18,971
8,878
As of December 31, 2021
(Reference) Equity: As of June 30, 2022: ¥8,959 million
As of December 31, 2021: ¥8,730 million

47.0
46.0

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Year-end

Fiscal year ended–
0.00–
December 31, 2021
Fiscal year ending–0.00
December 31, 2022
Fiscal year endingDecember 31, 2022–(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoneTotalYenYen

5.00

5.00

5.00

5.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (January 1, 2022 December 31, 2022)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparentMillion yen%

Million yen%

Million yen%

Full year
13,0006.0
900 59.0862 50.4
(Note) Revision to the financial results forecast announced most recently: None

Million yen574%

29.9

Yen18.41* Notes:(1) Changes in significant subsidiaries during the period under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation):
Newly included: – (), Excluded: – ()(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued and outstanding shares (common shares)
1) Total number of issued and outstanding shares at the end of the period (including treasury shares):
June 30, 2022:
31,300,315 shares
December 31, 2021:
31,176,015 shares2) Total number of treasury shares at the end of the period:
June 30, 2022:
1,918,406 shares
December 31, 2021:
1,918,322 shares
3) Average number of shares during the period:
Six months ended June 30, 2022:
Six months ended June 30, 2021:

29,289,547 shares
29,190,526 shares* These quarterly consolidated financial results are outside the scope of quarterly review by certified public
accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently available andcertain assumptions that the Company regards as reasonable, and are not intended as a guarantee that the Company
will achieve these targets. Actual results may therefore differ materially from these statements for various reasons.

(1) Quarterly Consolidated Balance Sheets(Million yen)
As of December 31, 2021

As of June 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable
Notes and accounts receivable, and contract assets
Investments in leases
Inventories
Other
Allowance for doubtful accounts
Total current assets

2,414
3,145
1,955
2,063
313
(45)
9,846

2,199
2,835
4,521
1,707
621
(33)
11,852

1,096
1,718
2,942
437
6,194

1,9441,718
2
426
4,093

357
493
850

326
522
849

946
73
885
186
(12)
2,079
9,125
18,971

1,102
95
888
206
(12)
2,279
7,221
19,074Non-current assets
Property, plant and equipment
Buildings and structures, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Long-term accounts receivable
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1(Million yen)
As of December 31, 2021

As of June 30, 2022

Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Accrued consumption taxes
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Other
Total current liabilities

1,298
3,833
16
802
81
188

930
528
16
1,016
211
125

53

71

27
766
7,068

28
690
3,619

17
2,731

8
6,095

65

63

128
81
1
3,024
10,093135
50
56,358
9,978

2,012
3,852
3,035
(455)
8,444

2,030
3,870
3,318
(455)
8,763

282
4
286
131
16
8,878
18,971

183
12
196
121
14
9,095
19,074Non-current liabilities
Bonds payable
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

2(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Six Months Ended June 30(Million yen)
For the six months ended
June 30, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)

For the six months ended
June 30, 2022

5,952
4,333
1,619
1,284
335

6,467
4,431
2,035
1,413
621

0
8
19
27

0
11
1022

15
3
18344
344
103
8111
232(3)
236

24
934
610
610
190
(6)
184
425(3)
429

Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent3

Quarterly Consolidated Statements of Comprehensive Income
Six Months Ended June 30(Million yen)
For the six months ended
June 30, 2021
Profit

For the six months ended
June 30, 2022

232

425

337
4341
573

(98)
9(88)
337

577

339

(3)

(1)

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests4(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months ended
June 30, 2021

For the six months ended
June 30, 2022

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for product warranties
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Interest and dividend income
Interest expenses
Decrease (increase) in trade receivablesDecrease (increase) in trade receivables and contract
assetsDecrease (increase) in inventories
Increase (decrease) in trade payables
Net decrease (increase) in investments in leases
Other
SubtotalInterest and dividends received
Interest paid
Subsidies received
Income taxes refund
Income taxes paid
Net cash provided by (used in) operating activities

5344
196
32
2
3
10
15

610
191
31(11)
1
6
17(34)(1)(8)
15(845)

(11)
24-

-

309

(476)
788
(61)
(114)
(131)
8(18)
19
19(220)(323)

356(367)
81(160)1,077
11(23)144
(109)
1,002

(Million yen)
For the six months ended
June 30, 2021

For the six months ended
June 30, 2022

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from collection of loans receivable
Purchase of shares of subsidiaries resulting in change inscope of consolidation
OtherNet cash provided by (used in) investing activities(10)(2,105)(78)(25)11(4)31(1,038)
(99)
(300)
101

(2)

-6(2,213)(4)(1,316)

2,207
530
(347)
(8)
(0)
(145)
(0)
2,235
2(299)
2,318
2,019(3,304)
4,038
(460)
(8)
(0)
(145)
(1)
0117
7(187)
2,376
2,188

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Redemption of bonds
Purchase of treasury shares
Dividends paid
Repayments of lease obligations
OtherNet 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
Cash and cash equivalents at end of period6