TRANSLATED
May 13, 2024

Consolidated 1st Quarter Financial Results
for the Fiscal Year Ended December 31, 2024
(January 1, 2024 to March 31, 2024)
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)
Osaka, Japan
https://www.siix.co.jp
Koji Yanase
Seiji Ono
CFO, Director, Executive Officer and General Manager,
Finance and Accounting Department+81-6-6266-6415
May 13, 2024－(Amounts rounded down to million yen)

1. Consolidated Financial Results (January 1, 2024 – March 31, 2024)(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 (%)
1st quarter ended Mar. 2024
1st quarter ended Mar. 2023

73,48771,721

2.5
13.8

Profit attributable to owners ofparent
YoY change
Million yen(%)
1st quarter ended Mar. 2024
1st quarter ended Mar. 2023

986
1,939

1,671
2,684

1,837
2,709

(32.2)
40.1

Net income per share (basic)

Net income per share (diluted)

YenYen(49.1)
90.1(note) Comprehensive income
1st quarter ended March 2024:
1st quarter ended March 2023:(37.7)
44.4

20.96
41.00
5,757 million yen (y/y3,260 million yen (y/y20.94
40.9576.6%)-43.4%)(2) Consolidated Financial Position
Total assets
Million yen
1st quarter ended Mar. 2024
Year ended Dec. 2023
(Reference) Stockholders’ equity:
1st quarter ended March 2024:
Year ended December 2023:

Net assets
Million yen
222,214
216,838

Capital-to-asset ratio%
94,08089,54593,476 million yen
89,041 million yen

―1―

42.1
41.1

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

1st quarter2nd quarter
Yen
16.00

―
Year ended Dec. 2023―
Year ended Dec. 2024
Year ended Dec. 2024
(forecasts)(note) Changes in Forecasts for Dividends during this quarter:

24.00

3rd quarter

Term-end
Yen

―

28.00

Annual dividends
Yen
44.00

―

24.00

48.00

None

3. Consolidated Business Performance Forecasts for the Year Ending December 2024
(January 1, 2024 – December 31, 2024)
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 (%)

330,000

6.5

12,7007.2(Note) Changes in Consolidated Business Performance Forecasts for the Fiscal Year Ending December 2024 during this quarter:

None

Profit attributable to owners ofparent
YoY change
Million yen

13,200Net income per share (basic)
Yen

(%)

Full year

8,400

7.72.6178.44＊ Note(1) Transfer of important subsidiaries during the period (transfer of specific subsidiaries in association with changes in thescope of consolidation):TransferConsolidated: Renzoku Biologics Inc.
(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:
None(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):
1st quarter ended Mar. 2024:
50,400,000 sharesYear ended Dec. 2023:
50,400,000 shares(ii) Number of treasury stock at the end of the fiscal year:
1st quarter ended Mar. 2024:
3,325,825 sharesYear ended Dec. 2023:
3,325,625 shares(iii)Average number of shares outstanding:
1st quarter ended Mar. 2024:
47,074,275 shares
1st quarter ended Mar. 2023:
47,302,100 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, 2023

As of Mar. 31, 2024

AssetsCurrent assets
Cash and deposits

18,241

19,462

Notes and accounts receivable and contract assets-trade60,43258,421

Merchandise and finished goods

25,37928,558Work in process

2,966

2,819

Raw materials and supplies

43,562

43,523

Other

7,117

7,676

Allowance for doubtful accounts

(79)

(74)

157,621160,386

Buildings and structures, net

20,49321,040Machinery, equipment and vehicles, net

16,986

17,409

Land

4,842

4,971

Other, net

6,705

7,490

Total property, plant and equipment

49,02650,911

2,118

2,152

Investment securities

2,3062,522

Investments in capital

1,214

1,303

Other

4,641

5,029

Allowance for doubtful accounts

(91)

(93)

Total Investments and other assets

8,070

8,762

59,216

61,827

216,838

222,214

Total current assets
Noncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets

Total noncurrent assets
Total assets―3―

TRANSLATED(JPY in millions)

As of Dec. 31, 2023

As of Mar. 31, 2024

Liabilities
Current liabilities
Accounts payable-trade43,26240,937

Short-term loans payable

28,10332,020

Income taxes payable2,627

2,209

Other

14,66014,495

Total current liabilities

88,65389,662

Bonds payable

10,00010,000Long-term loans payable

22,13921,520

809

858

Other

5,688

6,092

Total noncurrent liabilities

38,63838,471

127,292

128,134

2,144

2,144

Noncurrent liabilities

Liabilities for retirement benefits

Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

5,581

5,581

Retained earnings

67,273

66,941

Treasury shares(6,185)(6,185)

Total shareholders' equity

68,813

68,481138

87

20,12824,939(37)(32)

20,22824,994

Share acquisition rights

57

57

Non-controlling interests

446

546

89,54594,080216,838

222,214

Accumulated comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Adjustment for retirement benefits
Total accumulated comprehensive income

Total net assets
Total liabilities and net assets―4―

TRANSLATED(2) Consolidated Statements of Income(JPY in millions)Jan. 1, 2023 - Mar. 31, 2023

Jan. 1, 2024 -Mar. 31, 2024

Net sales

71,721

73,487

Cost of sales

64,71867,002Gross profit7,002

6,484

Selling, general and administrative expenses

4,317

4,813

Operating income

2,684

1,671

Interest income

38

209

Share of profit of entities accounted for using equity method

52－

Foreign exchange gains

4192

Subsidy income

38

43

Gain on sales of goods

105

72

Gain on sales of scrap

41

39

Other

127

160

Total non-operating income

407

716

Interest expenses

307

417

Share of loss of entities accounted for using equity method－

69

Purchase of goods

54

26

Other

20

38

Total non-operating expenses

382

550

2,709

1,837

Gain on reversal of share acquisition rights

20

Total extraordinary income

202,712

1,837

Income taxes-current

988

832

Income taxes-deferred(213)33

Total income taxes-current

775

866

1,936

971

(2)

(15)

1,939

986

Non-operating income

Non-operating expenses

Ordinary income
Extraordinary income

Income before income taxes

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, 2023 - Mar. 31, 2023
Net Income

Jan. 1, 2024 - Mar. 31, 2024

1,936

971

Valuation difference on available-for-sale securities

(59)

(50)

Foreign currency translation adjustment

1,363

4,745

Remeasurements of defined benefit plans

38

Equity equivalent of equity method affiliate

1682

1,323

4,786

3,260

5,757

3,253

5,752

64

Other comprehensive income

Total other comprehensive income
Comprehensive income(Content)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests―6―

TRANSLATED(3) Notes to Quarterly Consolidated Financial Statements(Notes on premise of a going concern)
Not applicable.
(Notes in the event of a significant change in the amount of shareholders' equity)
Not applicable.

―7―

TRANSLATED【Segment Information】
Ⅰ 1st quarter of previous year (Jan. 1 2023 –Mar. 31 2023)
1 Information of net sales and income or loss by segments
Reportable Segment
JapanChina

ASEAN

EuropeAmericas

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

Sales
Sales to third parties

14,21017,132

22,412

4,420

13,43071,606

114

71,721

Intersegment sales and transfers

11,415

4,961

6,695

345

3,384

26,801(26,801)－

25,62622,094

29,107

4,765

16,814

98,407(26,686)

71,721

64

29

1,469

(67)

821

2,316

367

2,684

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

1. The amount of adjustment in sales to third parties, 114 million yen, is sales in Corporate segment.
2. The amount of adjustment in inter-segment sales and transfer, -26,801 million yen, is the amount of elimination of internal transactions between segments.
3. The amount of adjustment in segment income, 367 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.

Ⅱ 1st quarter of current year (Jan. 1 2024 – Mar. 31 2024)

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

12,51016,19422,086

6,850

15,69873,340146

73,487

Intersegment sales and transfers

10,960

5,284

5,037

405

3,087

24,774(24,774)－23,470

21,47927,123

7,256

18,785

98,115(24,627)

73,487

273

(180)

662

(152)

1,144

1,747

(76)

1,671

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

1. The amount of adjustment in sales to third parties, 146 million yen, is sales in Corporate segment.
2. The amount of adjustment in inter-segment sales and transfer, -24,774 million yen, is the amount of elimination of internal transactions between segments.
3. The amount of adjustment in segment loss, -76 million yen, is the amount of elimination of internal transactions between segments.
(note 2) The amount of adjustment in segment income or loss is adjusted with operating income in the quarterly consolidated statements of income.

―8―