Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

[Delayed]Summary of Consolidated Financial Results
for the Year Ended December 31, 2022
(Based on Japanese GAAP)
February 24, 2023
Company name:AMITA HOLDINGS CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

2195
URL https://www.amita-hd.co.jp/
Chairman and Chief Executive Officer
Eisuke Kumano

Inquiries:
Chief Financial Officer
Scheduled date of ordinary general meeting of shareholders:

Shinichi Karakama
March 23, 2023

Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

March 23, 2023
March 24, 2023

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

TEL

03-5296-9371(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended December 31, 2022 (from January 1, 2022 to December 31, 2022)(1) Consolidated operating results
Net salesYear ended December 31, 2022
Year ended December 31, 2021

Operating profit

Millions of yen
4,824
5,157

%
–
11.9

Millions of yen609
560

Earnings per share

Diluted earnings pershare

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
30.22
30.8
15.5
12.6
–
55.9
14.4
10.9

Yen
30.29
36.08

Year ended December 31, 2022
Year ended December 31, 2021

%8.9
93.3

Percentages indicate year-on-year changes
Profit attributable toOrdinary profitowners of parent
Millions of yen% Millions of yen%
715
13.7
531
(16.1)
629 115.3
632
62.8(2) Consolidated financial position
Total assets
As of December 31, 2022
As of December 31, 2021

Net assets

Equity ratio

Millions of yen
4,824
4,427

Millions of yen
2,001
1,455

Cash flows fromoperating activities
Millions of yen
585
873

Cash flows frominvesting activities
Millions of yen
(69)
(73)

Net assets per share%
41.4
32.9

Yen
113.6982.97(3) Consolidated cash flows

Year ended December 31, 2022
Year ended December 31, 2021

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
(142)
1,779
(649)
1,390

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended December 31, 2021
Year ended December 31, 2022
Year ending December 31, 2023
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%––0.00
0.00––30.00
3.00

30.00
3.00

3552

5.5
9.9

3.1
3.1

–0.00

–

4.00

4.00

1

11.3

3. Forecast of consolidated financial results for the year ending December 31, 2023 (from January 1, 2023 to December 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
5,283
9.5
774
27.0
887
24.0
620
16.6
35.37
4. Notes(1) Changes in significant subsidiaries during the year ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

17,551,360 shares As of December 31, 2021

17,541,360 shares

Number of treasury shares at the end of the period
As of December 31, 2022

3,890 shares As of December 31, 2021

3,765 shares

Average number of shares during the period
Year ended December 31, 2022

17,538,334 shares Year ended December 31, 2021

2

17,538,153 shares

Consolidated financial statements
Consolidated balance sheets
As of December 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles,net
Land
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets3(Thousands of yen)
As of December 31, 2022

1,390,556
703,11434,754
27,635
4,289
186,172(70)
2,346,453

1,779,633
744,972
32,98918,498
10,844
182,759(70)
2,769,627

432,483

391,446

360,730

320,266

792,290–
48,225
1,633,730
25,900752,187
17,32565,717
1,546,942
36,966167,124
115,214138,888421,227
2,080,858
4,427,311

281,722
35,136
153,885
470,7432,054,652
4,824,280

As of December 31, 2021

(Thousands of yen)
As of December 31, 2022

353,579
150,000
22,121
193,409
29,15898,388164,289
211,798
89,266
1,312,011

293,290
170,000
16,267
170,395
101,504
76,848151,151
211,958
77,5901,269,005

1,200,000
27,470330,986
101,639180
1,660,276
2,972,287

1,082,562
21,450349,349
100,681180
1,554,224
2,823,230

474,920244,683
728,972(375)
1,448,200

480,680
250,443
1,225,139(482)
1,955,781

6,823

39,2196,823

39,219–1,455,024
4,427,311

6,049
2,001,050
4,824,280

Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings
Lease liabilities
Accounts payable - other
Income taxes payable
Provision for bonuses
Advances received
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Retirement benefit liability
Asset retirement obligations
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
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeShare acquisition rights
Total net assets
Total liabilities and net assets

4Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
Fiscal year ended
Fiscal year ended
December 31, 2021
December 31, 2022
Net sales
5,157,789
4,824,795
Cost of sales
3,156,286
2,687,253
Gross profit
2,001,502
2,137,542
Selling, general and administrative expenses
1,441,479
1,527,814
Operating profit
560,023
609,728
Non-operating income
Interest income
108112
Share of profit of entities accounted for using
76,868108,901
equity method
Foreign exchange gains
–
5,825
Other
25,052
13,666
Total non-operating income
102,028
128,505
Non-operating expenses
Interest expenses
23,497
16,540Share acquisition rights issuance costs–
2,640
Foreign exchange losses
4,987
–
Other
4,105
3,515
Total non-operating expenses
32,58922,696
Ordinary profit
629,461
715,537
Extraordinary income
Gain on sale of non-current assets
22,273
2,821
Other
1,500
–
Total extraordinary income
23,773
2,821
Extraordinary losses
Loss on valuation of shares of subsidiaries–
725
and associates
Impairment losses51,657–
Loss on sale and retirement of non-current
15,8385,495
assetsTotal extraordinary losses
67,496
6,220
Profit before income taxes
585,738
712,138
Income taxes - current
23,967
100,818
Income taxes - deferred(71,065)
80,078
Total income taxes(47,097)
180,896
Profit632,836531,242
Profit attributable to owners of parent
632,836531,2425Consolidated statements of comprehensive income

ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent

Fiscal year ended
December 31, 2021
632,836(Thousands of yen)
Fiscal year ended
December 31, 2022
531,242

1,061

2,548

12,17029,847

13,231
646,068

32,395563,637

646,068

563,6376

Consolidated statements of changes in equity
Fiscal year ended December 31, 2021
(Thousands of yen)
Shareholders' equity
Share capital Capital surplus
Balance at beginning ofperiod

474,920244,683

Retainedearnings
96,135

Treasuryshares(245)

Total
shareholders'equity
815,493

Changes during period
Profit attributableowners of parent
Purchasesharesof

to632,836

treasury

632,836
(130)

(130)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––

632,836(130)

632,706

474,920244,683

728,972(375)

1,448,200

Accumulated othercomprehensive income
TotalForeign
accumulated Total net assets
currency
othertranslation
comprehensive
adjustment
incomeBalance at beginning ofperiod(6,407)(6,407)809,085Changes during period
Profit attributableowners of parent
Purchasesharesofto632,836

treasury(130)

Net changes in items otherthan shareholders' equity

13,231

13,231

13,231

Total changes during period

13,231

13,231645,938

Balance at end of period

6,823

6,823

1,455,024

7

Fiscal year ended December 31, 2022
(Thousands of yen)
Shareholders' equity
Share capital Capital surplus
Balance at beginning ofperiod

474,920244,683

5,760

5,760

Retainedearnings

Treasuryshares728,972(375)

Totalshareholders'equity
1,448,200

Changes during period
Issuance of new shares exercise
ofshareacquisition rights
Dividends of surplus
Profit attributableowners of parent
Purchasesharesof

to11,520(35,075)(35,075)

531,242531,242

treasury

(106)

(106)

Net changes in items otherthan shareholders' equity
Total changes during period

5,760

5,760

496,166(106)

507,581

Balance at end of period

480,680

250,443

1,225,139(482)

1,955,781

Accumulated othercomprehensive income
Total
Foreignaccumulated
currency
othertranslation
comprehensive
adjustment
incomeShare
acquisitionrightsTotal net assets

Balance at beginning ofperiod

6,823

6,823

–

1,455,024

Changes during period
Issuance of new shares exercise
ofshareacquisition rights

11,520

Dividends of surplus(35,075)

Profit attributableowners of parent
Purchasesharesof

to531,242

treasury(106)

Net changes in items otherthan shareholders' equity

32,39532,395

6,049

38,445

Total changes during period

32,39532,395

6,049

546,026

Balance at end of period

39,21939,2196,049

2,001,050

8Consolidated statements of cash flows(Thousands of yen)
Fiscal year endedDecember 31, 2022

Fiscal year ended
December 31, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Loss on valuation of shares of subsidiaries
and associates
Loss (gain) on sale and retirement of noncurrent assets
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit
liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)Share of loss (profit) of entities accounted forusing equity method
Share acquisition rights issuance costs
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in advances received
Increase (decrease) in deposits received
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from cancellation of insurance
funds
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares resulting
from exercise of share acquisition rights
Proceeds from issuance of share acquisitionrightsDividends paid
Other, net
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cash
9585,738
143,833
51,657712,138
139,734––

725(6,434)

4,049(1,106)(21,540)

21,86918,363(108)23,497(4,214)(112)
16,540(13,391)(76,868)(108,901)–(11,629)(2,845)26,507(12,526)
31,7508,428
777,549
28,644(20,968)–
87,9982,640(41,857)
4,347(60,289)(13,137)
157(50,905)
588,559
48,373(17,230)(34,619)–

873,224

585,083(68,465)(80,507)

6,073

58,383(4,977)–(21,855)(25,000)

716

7,059

(7,316)(7,922)(73,969)(69,841)(400,000)–(150,000)–
52,562(150,000)–

11,490–3,440–(99,522)(33,841)(25,817)(649,522)(142,166)

5,073

16,002equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning ofperiod
Cash and cash equivalents at end of period

10154,806

389,077

1,235,749

1,390,556

1,390,556

1,779,633