Closing Announcement of Second Quarter of the Fiscal Year Ending March 31, 2023
[Japanese Standards] (Consolidated)
Name of Listed Company:
Code No.:
Representative:
Contact Person:

Arisawa Mfg. Co., Ltd.
5208
Representative Director and CEO:
Director and Senior Operating Officer:

Scheduled Date of Submitting Financial Report: November 14, 2022
Scheduled Date of Commencement of Dividend Payment: --Whether supplementary explanation materials for the closing are prepared:
Whether explanation meeting is held for the closing:1.

November 4, 2022

Listed on the Tokyo Stock Exchange(URL http://www.arisawa.co.jp/)
Yuta Arisawa
Takeshi Masuda

TEL: 025-524-7101

No
Yes (for analysts)(Indicated by rounding off an amount less than 1 million yen)

Consolidated Results in Second Quarter of the Fiscal Year Ending March 31, 2023

(From April 1, 2022 to September 30, 2022)(1) Consolidated Operating Results (Cumulative)
Sales

Second Quarter of the Fiscal YearEnding March 31, 2023
Second Quarter of the Fiscal Year
Ended March 31, 2022
(Note)
Comprehensive income:(% indication shows the increase or decrease ratefrom the same quarter of previous year)

Operating profit(million yen)
22,994%(million yen)

5.7

1,861

%

Net profit attributable toowners of the parent(million yen)
%

5.3

2,563

46.8

1,745

---

Ordinary profit%(million yen)
2,408

△9.1

21,744--2,048--2,287--Second Quarter of the Fiscal Year Ending March 31, 2023: 3,003 million yen (67.0%)
Second Quarter of the Fiscal Year Ended March 31, 2022: 1,798 million yen (---%)Net profit per share

Fully diluted net profit per share(Yen, Sen)

(Yen, Sen)

Second Quarter of the Fiscal YearEnding March 31, 2023
77.37
77.23
Second Quarter of the Fiscal Year
Ended March 31, 2022
52.38
52.34
(Note) From the beginning of the previous consolidated fiscal year, the “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29,
March 31, 2020), etc., has been applied. As each figure for the second quarter for the year ended March 31, 2022 is the figure after application of the
Accounting Standard, the rate of increase or decrease from the previous year for full-year and from the same quarter in the previous year for eachquarter has not been stated.

(2) Consolidated Financial Conditions

Total assets(million yen)

Net assets(million yen)

Net worth ratio

Second Quarter of the Fiscal YearEnding March 31, 2023
70,86647,308
Fiscal Year Ended March 31, 2022
68,68947,965(Reference) Net worth: Second Quarter of the Fiscal Year Ending March 31, 2023: 47,220 million yen
Fiscal Year Ended March 31, 2022: 47,786 million yen

2.

Status of Dividend
End of 1st quarter(Yen, Sen)-----

End of 2nd quarter(Yen, Sen)
5.00
0.00

Annual dividend
End of 3rd quarter(Yen, Sen)---

Fiscal Year Ended March 31, 2022
Fiscal Year Ending March 31, 2023
Fiscal Year Ending March 31, 2023--(Forecast)(Note)
Existence of adjustment from the most recently announced dividend forecast: No

3.

%

Net asset per share(Yen, Sen)

66.6
69.6

1,437.10
1,434.46

End of year
(Yen, Sen)
90.00

Annual(Yen, Sen)
95.00

90.00

90.00

Expected Consolidated Results for Fiscal Year Ending March 31, 2023
(From April 1, 2022 to March 31, 2023)(% indication shows the increase or decrease rate from the previous period)

Sales(million yen)

Operating profit%(million yen)

Ordinary profit%(million yen)%

Net profit
attributable to owners of
the parent(million yen)%

Net profit
per share(Yen, Sen)

Full Year
45,000
4.4
2,600
3,500
3,200
96.98
△21.7
△16.8
△18.2
(Note)
Existence of adjustment from the most recently announced forecast of business results: Yes
For details of adjustment of forecast of business results for the full-year, please refer to the “Notice of Adjustment of Forecast of Business Results for the Fullyear” released as of this day (November 4, 2022).

* Notes(1) Changes in material subsidiaries during the current consolidated cumulative quarter (changes in specified
subsidiaries accompanying changes in scope of consolidation): None
New: --- (Company Name:) Exclusion: --- (Company Name:)(2) Application of accounting particular to preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policy, changes in accounting estimates and restatement
1) Changes in accounting policy in connection with the amendment of accounting standards, etc.:
2) Changes in accounting policy other than 1) above:3) Changes in accounting estimate:4) Restatement:(4) Number of outstanding shares (common stocks)
1) Number of outstanding shares at
2Q of Fiscal Yearthe end of year (including treasury Ending March 31,
2023:
stock):
2Q of Fiscal Year
2) Number of treasury stock at the end Ending March 31,
of year:2023:

33,742,524 shares

884,558

sharesFiscal Year Ended
March 31, 2022:
Fiscal Year Ended
March 31, 2022:

Yes
None
None
None

33,614,824 shares

301,575

shares2Q of Fiscal Year
2Q of Fiscal Year33,132,891 shares Ended March 31,
33,332,128 sharesEnding March 31,
2023:
2022:
The shares of the Company (88,100 shares in 2Q of the year ended March 31, 2023, 88,600 shares in 1Q of the year ended March 31,2022) held by Custody Bank of Japan, Ltd. (Trust Account) as the trust assets of the “Employee Stock Ownership Plan” are includedin the number of treasury stock at the end of the period.
The shares of the Company held by Custody Bank of Japan, Ltd. (Trust Account) are included in the treasury stock to be deducted in
calculation of the average number of shares during the year (88,392 shares in 2Q of the year ended March 31, 2023, 24,446 shares in
2Q of the year ended March 31, 2022).

3) Average number of shares during
the year (cumulative quarter)(Note)* The quarterly closing announcement is not subject to quarterly review by a certified public accountant or an
audit corporation.
* Explanation about Appropriate Use of the Forecast of Business Results and other Matters to be Noted
Description regarding the future such as the forecast of business results stated in this material is based on information which theCompany has currently obtained and certain assumptions that the Company determines to be reasonable, although actual results may
significantly differ from the forecast depending on various factors.

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

Contents of Attached Materials
1. Qualitative Information concerning Current Quarterly Closing Announcement(1) Explanation about Business Results(2) Explanation about Financial Conditions(3) Explanation about Future Forecast Information,
including Forecast of Consolidated Business Results
2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(2) Quarterly Consolidated Profit and Loss Statement
and Consolidated Statement of Comprehensive Income
Quarterly Consolidated Profit and Loss Statement
Consolidated Cumulative Second Quarter
Quarterly Consolidated Statement of Comprehensive Income
Consolidated Cumulative Second Quarter(3) Quarterly Consolidated Cash Flow Statement(4) Notes to Quarterly Consolidated Financial Statements(Notes to Assumptions on a Going Concern)(Explanatory Note in Case of Significant Changes in the Amount of Shareholders’ Equity)(Application of Accounting Particular to Preparationof Quarterly Consolidated Financial Statements)(Changes in Accounting Policy)(Additional Information)(Segment Information, etc.)(Important Events after Closing the Accounts)

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2
3
3
4
4
6
6
7
8
10
10
10
10
10
10
11
12

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

1. Qualitative Information concerning Current Quarterly Closing Announcement(1) Explanation about Business Results
While the Japanese economy has progressed on a gradual recovery trend due to the easing of restrictions
on movement as a result of COVID-19 infections, future uncertainty still remains due to China’s stagnant
economy from its zero-COVID infection policy, in addition to soaring energy costs and raw material prices
due to the prolonged conflict in Ukraine and the rapid depreciation of yen.
Under such circumstances, as for business results in the current second quarter cumulative period of theCompany Group (the Company, consolidated subsidiaries and companies to which the equity method isapplied), sales of electronic materials steadily progressed and sales of industrial application structural
materials and display materials increased, and sales were ¥22,994 million (an increase of 5.7% as comparedwith the same period in the previous year). On the other hand, operating profit remained at ¥1,861 million (adecrease of 9.1% of the same) due to soaring energy costs and raw material prices. Ordinary profit was¥2,408 million (an increase of 5.3% of the same) due to foreign currency exchange profit and quarterly net
profit attributable to owners of the parent was ¥2,563 million (an increase of 46.8% of the same) due to profit
on sale of investment securities.
Business results of each segment were as follows.
(Electronic materials)
Due to steady sales of flexible printed circuit board materials, etc., sales were ¥15,384 million (an increaseof 0.3% of the same) and segment profit was ¥1,360 million (a decrease of 26.0% of the same) due to theimpact from soaring energy costs and raw material prices.
(Industrial application structural materials)
Due to an increase in sales of FRP pressure vessels for water treatment, etc., sales were ¥4,010 million (anincrease of 19.1% of the same) and segment profit was ¥595 million (an increase of 64.3% of the same).
(Electric insulation materials)
Due to steady infrastructure-related sales, etc., sales were ¥1,254 million (an increase of 0.8% of the same)and segment profit was ¥52 million (a decrease of 62.0% of the same).
(Display materials)
Due to an increase in sales of 3D-related materials and polarizing parts of ColorLink Japan, Ltd., etc., sales
were ¥2,181 million (an increase of 38.8 % of the same) and segment profit was ¥574 million (an increase of
56.9% of the same).
(Other)Sales were ¥162 million (a decrease of 25.5% of the same).

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

(2) Explanation about Financial Conditions
Total assets at the end of the current second quarter consolidated period were ¥70,866 million, an increaseof ¥2,177 million as compared with the end of the previous consolidated fiscal year. This was mainly due toan increase of ¥3,477 million in cash and deposits, an increase of ¥993 million in notes receivable andaccounts receivable and contract assets and an increase of 1,200 million in raw materials and stored goods
respectively, and a decrease of ¥896 million in securities and a decrease of ¥5,380 million in investment
securities, etc., respectively. Total liabilities were ¥23,557 million, an increase of ¥2,834 million as comparedwith the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥1,715 million innotes payable and accounts payable and an increase of ¥1,164 million in long-term borrowings respectively
and a decrease of ¥724 million in short-term borrowings, etc. Net assets were ¥47,308 million, a decrease of¥656 million as compared with the end of the previous consolidated fiscal year. This was mainly due to anincrease of ¥1,285 million in foreign currency translation adjustments and a decrease of ¥443 million inearned surplus, a decrease of ¥819 million in other securities valuation difference and a decrease of ¥706
million by acquisition of the treasury stock, etc., respectively.
(3) Explanation about Future Forecast Information, including Forecast of Consolidated Business Results
Forecast of consolidated business results for the full-year of the fiscal year ending March 31, 2023, which
was announced on August 4, 2022, will be adjusted as follows.
Adjustment of forecasted figures of consolidated business results for the full-year of the fiscal year ending March
31, 2023(From April 1, 2022 to March 31, 2023)

Previously announced
forecast (A)Sales(million yen)

Operatingprofit(million yen)

Ordinary
profit(million yen)

48,400

3,400

4,000

Net profit
attributable toowners of theparent(million yen)
3,400

102.4596.98

This forecast adjustment (B)45,000

2,600

3,500

3,200

Increase or decrease (B-A)△3,400

△800

△500

△200

4,204

3,911

Increase or decrease ratio (%)(Reference) Results of theprevious year
(Fiscal Year Ended March 31,
2022)

△7.0

43,089

△23.5

3,320

△12.5

Net profit per
share
(yen)

△5.9

117.40(Reason for Adjustment)
Regarding the forecast of consolidated business results for the full-year of the fiscal year ending March
31, 2023, sales of electronic materials are expected to decrease after the current third quarter due tostagnant economic activities, etc., as a result of China’s zero-COVID infection policy. Operating profit isexpected to be lower than the previously announced forecast due to a decrease in sales and soaring energy
costs, etc. As for ordinary profit and net profit attributable to owners of the parent, although non-operating
income is expected to increase due to foreign currency exchange profit, etc., as a result of depreciation of
the yen, they are expected to be lower than the previously announced forecast.
(Note) The above forecast of business results is based on information which the Company has currently
obtained and certain assumptions determined to be reasonable by the Company, although actual results
may vary significantly depending on various factors in the future.

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(Unit: thousand yen)Previous Consolidated
Fiscal Year(As of March 31, 2022)

AssetsCurrent Assets
Cash and deposits
Notes receivable, accounts receivable andcontract assets
Securities
Merchandise and finished goods
Work-in-progress
Raw materials and stores
Other
Allowance for doubtful accounts
Total Current Assets
Fixed Assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total Fixed Assets
Total Assets-4-

Current Consolidated
Second Quarter(As of September 30, 2022)

17,341,765
16,073,835

20,819,010
17,067,446

1,040,342
4,401,727
2,112,503
4,123,818
797,960△15,947
45,876,007

144,083
5,257,499
2,282,890
5,323,850
1,161,851△24,337
52,032,294

13,775,074
279,191

14,516,299
265,872

7,875,645
933,709△50,428
8,758,926
22,813,192
68,689,199

2,495,520
1,606,562△49,619
4,052,463
18,834,636
70,866,930

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023
(Unit: thousand yen)Previous Consolidated
Fiscal Year(As of March 31, 2022)
Liabilities
Current Liabilities
Notes and accounts payable
Bonds to be redeemed within a year
Short-term borrowings
Current portion of long-term borrowings
Corporate income tax, etc., payable
Provision for product warranties
Reserve for bonuses
Reserve for officers’ bonuses
Other
Total Current Liabilities
Fixed Liabilities
Bonds payable
Long-term borrowings
Provision for share-based remuneration
Net defined benefit liabilities
Asset retirement obligations
Other
Total Fixed Liabilities
Total Liabilities
Net Assets
Shareholders’ equity
CapitalCapital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on other securities
Deferred hedge profit or loss
Foreign currency translation adjustments
Accumulated adjustment for retirement benefits
Total accumulated other comprehensive income
Stock acquisition rightNon-controlling interest
Total Net Assets
Total Liabilities and Net Assets-5-

Current Consolidated
Second Quarter(As of September 30, 2022)

5,637,609
26,8003,562,272
957,962
1,087,828
73,525507,532
4,503
3,332,705
15,190,739

7,352,793
16,8002,837,583
1,557,416
1,207,077
32,743
739,536
1,407
3,292,977
17,038,335

27,6003,845,199
29,802
583,365
92,521
954,267
5,532,757
20,723,496

19,2005,009,835
40,374
553,532
98,025
798,637
6,519,606
23,557,941

7,643,777
3,017,461
34,936,822△299,704
45,298,357

7,717,787
3,068,532
34,493,073△1,006,307
44,273,086

1,229,118△50,146
1,317,978△8,7342,488,215
149,131
29,99847,965,702
68,689,199

409,838△60,852
2,603,807△5,8492,946,944
88,95747,308,988
70,866,930

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Statement of Comprehensive Income(Quarterly Consolidated Profit and Loss Statement)(Consolidated Cumulative Second Quarter)(Unit: thousand yen)

Sales
Cost of Goods Sold
Gross Profit on Sales
Selling, General and Administrative Expenses
Operating Profit
Non-operating Income
Interest income
Dividend income
Foreign currency exchange profit
Other
Total Non-operating Income
Non-operating Expenses
Interest expenses
Rent expenses
Compensation expenses
Other
Total Non-operating Expenses
Ordinary Profit
Extraordinary Profits
Profit on sale of fixed assets
Profit on sale of investment securities

Previous Consolidated
Cumulative Second Quarter(From April 1, 2021
to September 30, 2021)
21,744,712
17,055,141
4,689,570
2,640,857
2,048,713

Current Consolidated
Cumulative Second Quarter(From April 1, 2022
to September 30, 2022)
22,994,013
18,292,178
4,701,835
2,840,016
1,861,818

94,14539,520250,281
383,946

76,09340,147425,868
164,122706,232

56,44841,64847,461
145,558
2,287,101

65,18926,194
51,386
16,436
159,205
2,408,845

1,298
226,398

Other
Total Extraordinary Profits
Extraordinary Losses
Loss on sale of investment securities
Loss on impairment
Other
Total Extraordinary Losses
Net profit before taxes, etc.
Corporate income tax, etc.
Net profit
Net profit attributable to non-controlling interests
Net profit attributable to owners of the parent-6-43,094461
1,305,241
40,870270,791

1,346,572

4,053
26,34430,3982,527,494
713,386
1,814,108
68,273
1,745,834

55,867
11,813
5,407
73,087
3,682,330
1,116,339
2,565,990
2,465
2,563,524

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

(Quarterly Consolidated Statement of Comprehensive Income)(Consolidated Cumulative Second Quarter)

Net profit
Other comprehensive income
Valuation difference on other securities
Deferred hedge profit or loss
Foreign currency translation adjustments
Adjustment for retirement benefits
Share of other comprehensive income ofcompanies to which equity method is applied
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of
the parent
Comprehensive income attributable to noncontrolling interests(Unit: thousand yen)Previous Consolidated
Cumulative Second Quarter(From April 1, 2021
to September 30, 2021)
1,814,108

Current Consolidated
Cumulative Second Quarter(From April 1, 2022
to September 30, 2022)
2,565,990△231,595
3,982
191,193
7,515△819,279△10,706
1,240,050
2,885

13,21024,170△15,693
1,798,415

437,120
3,003,110

1,999,675

3,022,253△201,260△19,142-7-

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023
(3) Quarterly Consolidated Cash Flow Statement(Unit: thousand yen)Previous Consolidated
Cumulative Second Quarter(From April 1, 2021
to September 30, 2021)

Cash flow from operating activities
Net profit before taxes, etc.
Depreciation expense
Stock compensation expenses
Profit on reversal of stock acquisition rights
Increase/decrease in allowance for doubtful
accounts (△: decrease)
Increase/decrease in reserve for bonuses(△: decrease)
Increase/decrease in provision for productwarranties (△: decrease)
Increase/decrease in reserve for officers’ bonuses(△: decrease)
Increase/decrease in provision for share-based
remuneration(△: decrease)
Increase/decrease in net defined benefit liabilities(△: decrease)
Profit/loss on redemption of investment securities(△: profit)
Interest and dividend income
Subsidy income
Interest expenses
Foreign currency exchange profit/loss (△: profit)
Investment profit/loss by equity method (△: profit)
Profit/loss on sale of securities and investment
securities (△: profit)
Profit/loss on sale of fixed assets (△: profit)
Loss on retirement of tangible fixed assets
Loss on impairment
Increase/decrease in accounts receivable(△: increase)
Increase/decrease in inventories (△: increase)
Increase/decrease in trades payable (△: decrease)
Increase/decrease in consumption tax, etc., payable(△: decrease)
Increase/decrease in other assets (△: increase)
Increase/decrease in other liabilities (△: decrease)
SubtotalInterest and dividends received
Interest paid
Subsidy income received
Corporate income tax, etc., paid or refund (△: paid)
Cash flow from operating activities

2,527,494
1,052,170
25,092△43,094

3,682,330
1,097,498
18,577△40,870

120,153

232,003△39△44,999

19,452△41,035△21,682△1,692△14,975△99,764△133,665△28,226
56,448△61,162△238-8-

Current Consolidated
Cumulative Second Quarter(From April 1, 2022
to September 30, 2022)

5,523△3,095△25,681△40,063△116,241△9,652
65,189△251,516△29,194△222,344△1,298
6,645-△1,249,374△461
213
11,813333,086△2,233,961
496,080△197,010△1,813,237
1,465,803△17,51370,968△204,433
1,623,501
148,501△70,130
28,226
1,137,813
2,867,912△276,064△155,290
106,252
2,391,417
176,560△61,841
9,652△955,899
1,559,889

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023
(Unit: thousand yen)Previous Consolidated
Cumulative Second Quarter(From April 1, 2021
to September 30, 2021)
Cash flow from investing activities
Expenditure for placement in term deposits
Revenue from refund of term deposits
Expenditure for acquisition of tangible fixed assets
Revenue from sale of tangible fixed assets
Expenditure for acquisition of intangible fixed
assetsExpenditure for acquisition of investment
securities
Revenue from sale of investment securities
Expenditure for lending
Revenue from collection of loans
Increase/decrease in investments and other assets(△: increase)
Cash flow from investing activities
Cash flow from financing activities
Net increase/decrease in short-term borrowings(△: decrease)
Revenue from long-term borrowings
Expenditure for repayment of long-term borrowings
Expenditure for repayment of lease liabilities
Expenditure for redemption of bonds
Expenditure for repayment of long-term accrued
amountProceeds from stocks issued
Expenditure for acquisition of treasury stock
Expenditure for acquisition of the shares of a
subsidiary not accompanying a change in the scopeof consolidation
Dividends paid
Dividends paid to non-controlling interests
Cash flow from financing activities
Translation differences in cash and cash equivalents
Increase/decrease in cash and cash equivalents(△: decrease)
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of quarter--1,460,600△882,873
1,298△362,025
132,390△1,954,579
461△36,602△21,236△102,918
1,455,717--4,510△332,491
6,780,340△20,097
4,305△10,324
1,889,408△12,629
4,214,436

126,916
519,377△476,362△39,858△18,400△903,394
2,587,765△1,305,248△57,691△18,400△779,045△1,293,664△68,154△2,132,510
238,997△45,813△2,998,210△9,589△3,379,111
822,104

2,863,808
11,488,288
14,352,096

3,217,319
16,893,109
20,110,428△31,094
10,612△82,836-9-

Current Consolidated
Cumulative Second Quarter(From April 1, 2022
to September 30, 2022)△4,709125,888△749,709

Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

(4) Notes to Quarterly Consolidated Financial Statements(Notes to Assumptions on a Going Concern)
No applicable matter.
(Explanatory Note in Case of Significant Changes in the Amount of Shareholders’ Equity)(Acquisition of Treasury Stock)

The Company acquired 624,400 shares of treasury stock based on a resolution of the board of directors’ meeting
held on May 12, 2022. As a result, treasury stock increased by ¥749,999 thousand during the current second quarter
cumulative consolidated period and treasury stock was ¥1,006,307 thousand at the end of the current second quarter
consolidated fiscal period.

(Application of Accounting Particular to Preparation of Quarterly Consolidated Financial Statements)(Calculation of tax expenses)
For tax expenses, the effective tax rate is reasonably estimated after application of tax effect accounting fornet profit before taxes in the consolidated fiscal year including the current consolidated second quarter andthese are calculated by multiplying the quarterly net profit before taxes by the estimated effective tax rate.
(Changes in Accounting Policy)(Application of Application Guidelines for Accounting Standard for Fair Value Measurement)“Application Guidelines for Accounting Standard for Fair Value Measurement” (Application Guidelines
for ASBJ Statement No. 31, June 17, 2021; hereinafter referred to as the “Application Guidelines for Fair Value
Measurement Standard”) have been applied from the beginning of the first quarter consolidated period. In
accordance with the transitional treatment prescribed in the Application Guidelines for Fair Value Measurement
Standard, paragraph 27-2, the new accounting policy prescribed in the Application Guidelines for Fair Value
Measurement Standard is applied into the future. There is no impact due to this application.
(Additional Information)(Accounting Estimate)
There was no material change in the assumptions, including the timing of the convergence of the novel
coronavirus infections etc., and accounting estimates, which were stated in the Financial Report for previous
business year.

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

(Segment Information, etc.)[Segment Information]
I Previous consolidated cumulative second quarter (From April 1, 2021 to September 30, 2021)
1. Information related to the amount of sales and profit/loss by reportable segment

Electronicmaterials

Reportable segment
Industrial
Electric
application
Display
insulation
structural
materials
materials
materials(Unit: thousand yen)
Other
(Note)

Total

Total

Sales
Sales to external customers 15,342,174
Intersegment sales or--transfers
Total
15,342,174
Segment profit

3,368,208

1,244,599

---

---

3,368,208

1,244,599

362,226

138,434

1,839,473

1,571,438 21,526,420

218,291

21,744,712---

415,842

415,842

1,571,438 21,526,420

634,134

22,160,555

95,6132,801,763--366,016

2,706,150(Note) The category “Other” means business segments which are not included in the reportable segments
and includes related goods sales, logistics related businesses and other businesses, etc.
2. Difference between the total amount of profit/loss of reportable segments and the amount shown in thequarterly consolidated profit and loss statement and major details for the difference (matters concerning
difference adjustment)(Unit: thousand yen)

ProfitAmountTotal of reportable segments

2,706,150

Profit in category “Other”

95,613
8,095

Elimination of intersegment transactions
Expenses of entire company (Note)
Adjustment of inventories
Operating profit in quarterly consolidated profit and loss statement△736,930△24,2142,048,713(Note) Expenses of the entire company are mainly general and administrative expenses not
attributable to reportable segments.
3. Information about loss on impairment of fixed assets or goodwill, etc., by reportable segment
No applicable matter.

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Arisawa Mfg. Co., Ltd. (5208) Closing Announcement of the Second Quarter of the Fiscal Year Ending March 31, 2023

II Current consolidated cumulative second quarter (From April 1, 2022 to September 30, 2022)
1. Information related to the amount of sales and profit/loss by reportable segment

Electronicmaterials

Reportable segment
Industrial
Electric
application
Display
insulation
structural
materials
materials
materials(Unit: thousand yen)
Other
(Note)

Total

Total

Sales
Sales to external customers 15,384,440
Intersegment sales or--transfers
Total
15,384,440
Segment profit

1,360,339

4,010,805

1,254,676

---

---

4,010,805

1,254,676

595,00752,5472,181,406 22,831,329

162,684

22,994,013---

434,860

434,860

2,181,406 22,831,329

597,544

23,428,874

90,346

2,672,646--574,404

2,582,299(Note) The category “Other” means business segments which are not included in the reportable segments
and includes related goods sales, logistics related businesses and other businesses, etc.
2. Difference between the total amount of profit/loss of reportable segments and the amount shown in thequarterly consolidated profit and loss statement and major details for the difference (matters concerning
difference adjustment)(Unit: thousand yen)

ProfitAmountTotal of reportable segments

2,582,299

Profit in category “Other”

90,346

Elimination of intersegment transactions

4,319

Expenses of entire company (Note)
Adjustment of inventories△748,729

Operating profit in quarterly consolidated profit and loss statement

1,861,818△66,417(Note) Expenses of the entire company are mainly general and administrative expenses not
attributable to reportable segments.
3. Information about loss on impairment of fixed assets or goodwill, etc., by reportable segment(Material Loss on Impairment of Fixed Assets)
In the “Industrial application structural materials” segment, for assets in which investment cannot
be expected to be recovered due to a decrease in profitability, the book value of these assets was reduced
to the memorandum value and the decrease was recorded in extraordinary losses as loss on impairment.
In this regard, the recorded amount of loss on impairment was ¥11,813 thousand in the current
consolidated cumulative second quarter.

(Important Events after Closing the Accounts)
No applicable matter.

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