Consolidated Financial Results
for the Three Months Ended June 30, 2022
[Japanese GAAP]
August 8, 2022
Company name: SEIKITOKYU KOGYO CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 1898
URL: https://www.seikitokyu.co.jp
Representative: Yoshikazu Taira, Representative Director, President
Contact: Takanori Kawano, General Manager, Finance Department
Phone: +81-3-6672-9421
Scheduled date of filing quarterly securities report: August 9, 2022
Scheduled date of commencing dividend payments: –Availability of supplementary briefing materials on quarterly financial results: UnavailableSchedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 1, 2022 to June 30, 2022)(1) Consolidated Operating Results (Cumulative)(% indicates year-on-year changes)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2022
20,025
7.6(166)–(153)–(178)–
June 30, 2021
18,619
23.6
528
56.2
512
49.3
360
12.0(Note) Comprehensive income: Three months ended June 30, 2022: ¥(142) million [–%]
Three months ended June 30, 2021: ¥394 million [23.8%]
Basic earnings
Diluted earnings
per shareper share
Three months ended
Yen
Yen
June 30, 2022
(4.79)–June 30, 2021
8.99–
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Net assets per share

Million yen%

Yen

74,972As of June 30, 2022
38,75078,295
As of March 31, 2022
40,497(Reference) Equity: As of June 30, 2022: ¥38,750 million
As of March 31, 2022: ¥40,497 million

51.7
51.7

1,053.26
1,082.33

Year-endTotal

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Yen

Annual dividends
3rdquarter-end

Fiscal year ended March 31, 2022–
0.00
Fiscal year ending March 31, 2023–
Fiscal year ending March 31, 2023
0.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently: No

Yen

Yen

Yen

–

30.00

30.00

–

30.00

30.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March
31, 2023)(% indicates year-on-year changes)
Profit attributable to
Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Million yen%

Million yen%

YenFirst half
43,000 11.2
300 (82.9)
300 (82.7)
100(91.6)
2.72
Full year
92,600
8.8
5,000
13.2
5,000
14.7
3,300(0.1)
89.70(Notes) Revision to the financial results forecast announced most recently: Yes
The Company revised only the consolidated financial results forecast for the six months ending September 30,2022, which was announced on May 11, 2022.
* Notes:(1) Changes in significant subsidiaries during the period under review(Changes in specified subsidiaries resulting in changes in scope of consolidation): No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Number of shares issued (common shares)
1) Total number of shares issued at the end of the period (including treasury shares):
June 30, 2022:
38,414,407 shares
March 31, 2022:
40,414,407 shares2) Total number of treasury shares at the end of the period:
June 30, 2022:
1,623,419 shares
March 31, 2022:
2,996,909 shares
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):Three months ended June 30, 2022:
37,201,743 shares
Three months ended June 30, 2021:
40,107,508 shares* These consolidated financial results are outside the scope of quarterly review by certified public accountants oraudit corporations.
* Explanation of the proper use of financial results forecasts and other notes
Financial results forecasts are based on information available and certain assumptions deemed reasonable by the Company at thetime of preparation of this document, which may contain various uncertain factors. Thus, actual results and outcomes may differ
from these forecasts.

(Reference) Non-Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1,2022 to March 31, 2023)(% indicates year-on-year changes)
Basic earnings
Net sales
Ordinary profit
Profitper share
Million yen%

Million yen%

Million yen%

YenFirst half
40,90010.4
200 (87.8)
100 (91.4)
2.72
Full year
88,000
8.4
4,600
14.3
3,100
0.6
84.26(Note) Revision to the financial results forecast announced most recently: Yes
The Company revised only the non-consolidated financial results forecast for the six months ending September 30,2022, which was announced on May 11, 2022.
* Explanation of the proper use of financial results forecast and other notes
Financial results forecasts are based on information available and certain assumptions deemed reasonable by theCompany at the time of preparation of this document, which may contain various uncertain factors. Thus, actual
results and outcomes may differ from these forecasts.

Quarterly Consolidated Financial Statements and Primary Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and otherCosts on construction contracts in progress
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, vehicles, tools, furniture andfixtures
LandConstruction in progress
Accumulated depreciation
Total property, plant and equipment
Intangible assets
Investments and other assets
Other
Total investments and other assets
Total non-current assets
Total assets

1

As of June 30, 2022

12,814

17,541

34,942

26,071459401
2,871–
51,489

118
428
2,890
(5)
47,045

9,824

11,49321,511

21,627

14,217763(21,464)
24,852250

14,522
107(21,790)
25,960
247

1,703

1,719

1,703
26,80678,295

1,719
27,927
74,972

(Million yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes payable, accounts payable forconstruction contracts and other
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completed
construction
Provision for loss on construction contracts
Provision for bonuses
OtherTotal current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets

2

As of June 30, 2022

20,722

19,690

107
494

203
33

1,921

2,442

32

33

5
1,861
4,163
29,3077849
4,609
27,869

6,900
1,505
84
8,490
37,797

6,875
1,395
81
8,352
36,2222,000
521
40,248(2,502)40,2662,000
500
37,320(1,337)38,482

22

19

4
203

19
227

231

267

40,49778,29538,75074,972

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended June 30(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Rental income
Foreign exchange gains
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Miscellaneous expenses
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Reversal of provision for retirement benefits
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Expenses on dismantlement of non-current assets
Total extraordinary losses
Profit (loss) before income taxes
Income taxes
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

3

For the three months
ended June 30, 2021
18,61916,705
1,913
1,384
528

For the three months
ended June 30, 2022
20,025
18,698
1,326
1,493
(166)

5–
5
104
27
740

911
627
512

13
7
526(153)

120
12

1
–
10030
30
494
134
360
–
360

–
3–
3(155)
23(178)–(178)

Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)
For the three monthsended June 30, 2021
Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

4360

For the three months
ended June 30, 2022
(178)

(6)

(3)

(0)

1540

23

33
394

36
(142)

394

(142)

––

(3) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes in the case of significant changes in shareholders’ equity)
The Company retired 2,000,000 shares of its treasury shares on June 30, 2022, based on the resolution at theBoard of Directors meeting held on April 27, 2022. As a result, in the three months ended June 30, 2022,
capital surplus decreased by ¥21 million, retained earnings decreased by ¥1,627 million, and treasury shares
decreased by ¥1,648 million.
(Additional information)(Accounting estimates as to the impact of COVID-19)
There are no significant changes in the assumptions including those about the future impact and period of
convergence of the COVID-19 pandemic stated in “(Additional information)” in the Annual Securities Report(Yukashoken Houkokusho) for the fiscal year ended March 31, 2022.

5