Consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]
February 8, 2023
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: +81-3-6770-4020
Scheduled date of filing quarterly securities report: February 9, 2023
Scheduled date of commencing dividend payments: –Availability of supplementary briefing materials on quarterly financial results: Unavailable
Schedule of quarterly financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 1, 2022 to December
31, 2022)(1) Consolidated Operating Results (Cumulative)(% indicates year-on-year changes)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2022
68,50911.7
1,511 (47.4)
1,467 (48.6)
960 (52.9)
December 31, 2021
61,3423.5
2,870 (38.0)
2,853 (37.1)
2,039 (41.2)(Note) Comprehensive income: Nine months ended December 31, 2022: ¥1,052 million [(51.3)%]
Nine months ended December 31, 2021: ¥2,162 million [(38.6)%]
Basic earnings
Diluted earnings
per shareper share
Nine months endedYen
Yen
December 31, 2022
26.12–
December 31, 2021
51.84–(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Net assets per share

Million yen%

Yen

79,317As of December 31, 2022
39,66378,295
As of March 31, 2022
40,497(Reference) Equity: As of December 31, 2022: ¥39,663 million
As of March 31, 2022: ¥40,497 million

50.0
51.7

1,088.23
1,082.33

Year-end

Total

2. Dividends
1stquarter-end
Yen

Annual dividends
2nd
3rd
quarter-end
quarter-end
Yen

Fiscal year ended March 31, 2022
–0.00
Fiscal year ending March 31, 2023
–0.00
Fiscal year ending March 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoYen

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 March31, 2023)(% indicates year-on-year changes)
Profit attributable toBasic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Million yen%

Million yen%

Million yen%

Full year
93,2009.5
3,200 (27.6)
3,100 (28.9)(Note) Revision to the financial results forecast announced most recently: Yes

Million yen

2,200%(33.4)

Yen

60.36* 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: No
3) 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):December 31, 2022:
38,414,407 shares
March 31, 2022:
40,414,407 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
1,966,397 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):Nine months ended December 31, 2022:
36,754,105 shares
Nine months ended December 31, 2021:
39,341,317 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 atthe time 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

Full year
88,6009.2
2,900 (28.0)
2,100(Note) Revision to the financial results forecast announced most recently: Yes%

(31.9)

Yen

57.62* 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 other
Costs 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 December 31, 2022

12,814

6,365

34,942

41,329

459
401
2,871
51,489

157
333
2,536
(5)
50,716

9,824

11,67821,511

22,161

14,217763(21,464)
24,852250

15,006740(22,671)
26,915
244

1,703
1,703
26,80678,2951,440
1,440
28,60079,317

(Million yen)
As of March 31, 2022
Liabilities
Current liabilitiesNotes payable, accounts payable forconstruction contracts and other
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completedconstruction
Provision for loss on construction contracts
Provision for bonuses
Other
Total 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 incomeValuation 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 December 31, 2022

20,72225,604

107
494

203
38

1,921

920

32

31

5
1,861
4,163
29,307

22
842
3,897
31,561

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

6,825
1,176
90
8,092
39,6532,000
521
40,248(2,502)40,2662,000
500
38,457(1,618)39,339

22

33

4
203

14275

231

324

40,49778,29539,663
79,317

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Nine Months Ended December 31(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Rental income
Foreign exchange gains
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Commission for purchase of treasury shares
Miscellaneous expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Compensation income
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
Loss on sale of shares of subsidiaries andassociates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the nine months
ended December 31, 2021
61,342
54,241
7,101
4,230
2,870

For the nine months
ended December 31, 2022
68,50962,441
6,068
4,557
1,511

41452448415262066

28
20
51165
2,853

41
152230
110
1,467

20
77098

220630

13
11-

4-

41
2,910
871
2,039
2,039

25
1,444
483
960
960

3

Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31(Million yen)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

For the nine months
ended December 31, 2021
2,039

For the nine months
ended December 31, 2022
960

(5)

10

7

10

121

71

123
2,162

92
1,052

2,162

1,052

--

4

(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 nine months ended December 31, 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 ofconvergence of the COVID-19 pandemic stated in “(Additional information)” in the Annual Securities Report(Yukashoken Houkokusho) for the fiscal year ended March 31, 2022.

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