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 Nine Months Ended September 30, 2023
(Based on Japanese GAAP)
November 10, 2023
Company name:AMITA HOLDINGS CO., LTD.

Stock exchange listing: Tokyo
Stock code:
2195
Representative:
Inquiries:

URL

https://www.amita-hd.co.jp/

Chairman and Chief Visionary Officer
President and Chief Integrated Operations

KUMANO Eisuke
SUETSUGU Takahide

Officer
Scheduled date to file Quarterly Securities Report:

TEL

075-277-0378

November 13, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2023 (from January 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended September 30, 2023
Nine months ended September 30, 2022

Millions of yen
3,242
3,512

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%(7.7)
224 (47.2)
275 (47.9)
144 (64.0)
–
425
1.3
530
15.7402
27.9

Earnings per share

Diluted earnings per share

Yen
8.25
22.96

Nine months ended September 30, 2023
Nine months ended September 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2023
As of December 31, 2022

Net assets

Millions of yen
5,296
4,824

Equity ratio

Millions of yen
2,102
2,001

%
39.6
41.4

2. Cash dividends
Annual dividends per share

Year ended December 31, 2022
Year ending December 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
3.00

Yen
3.00

4.00

4.00

Year ending December 31, 2023 (Forecast)Total

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
9.5774
27.0
887
24.0
620
16.6
35.37

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes
No(3) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

17,556,360 shares As of December 31, 2022

17,551,360 shares

Number of treasury shares at the end of the period
As of September 30, 2023

3,890 shares As of December 31, 2022

3,890 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended September 30, 2023

17,551,970 shares Nine months ended September 30, 2022

2

17,537,568 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2022

As of September 30, 2023

AssetsCurrent assets
Cash and deposits

1,779,633

2,124,000

Notes and accounts receivable - trade
Merchandise and finished goods

744,972
32,989622,01234,310Work in process
Raw materials and supplies

18,498
10,844

26,109
9,158

Other
Allowance for doubtful accounts

182,759(70)

231,077–

2,769,627

3,046,668

Buildings and structures, net
Machinery, equipment and vehicles, net

391,446
320,266

370,346
360,299

Land
Other, net

752,187
83,042752,187
198,860

1,546,942

1,681,694

36,966
470,743

91,458476,841

2,054,652

2,249,994

4,824,280

5,296,663

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets3

(Thousands of yen)
As of December 31, 2022

As of September 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade293,290

223,346

Current portion of long-term borrowings
Income taxes payable

170,000
101,504

236,756
61,172

Provision for bonuses
Other76,848
627,363

46,343734,246

Total current liabilities

1,269,005

1,301,865

Non-current liabilities
Long-term borrowings

1,082,562

1,406,244

349,349
100,681371,573
101,355

Retirement benefit liability
Asset retirement obligations
Other

21,63013,147

1,554,224

1,892,320

2,823,230

3,194,185

Shareholders' equity
Share capital

480,680

483,560

Capital surplus
Retained earnings

250,443
1,225,139

253,323
1,317,247

(482)

(482)

1,955,781

2,053,650

Foreign currency translation adjustment

39,21942,793

Total accumulated other comprehensive income

39,21942,793

Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

46,0496,034

2,001,050

2,102,478

4,824,280

5,296,663

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended
September 30, 2022

Nine months ended
September 30, 2023

Net sales
Cost of sales

3,512,376
1,963,539

3,242,263
1,765,427

Gross profit

1,548,836

1,476,836

Selling, general and administrative expenses

1,123,324

1,252,147

425,512

224,68885

94

97,34844,388Operating profit
Non-operating income
Interest income
Share of profit of entities accounted for using equity
methodForeign exchange gains

12,574

11,785

Other

10,18012,524

Total non-operating income

120,188

68,792

Interest expenses
Share acquisition rights issuance costs

12,528–13,3962,391

Loss on cancellation of leases
Other2,245
924

–
1,793

Non-operating expenses

Total non-operating expenses15,698

17,580530,002275,900

Extraordinary income
Gain on sale of non-current assets

2,821

–

Total extraordinary income

2,821–

–

2,362

–

2,362

Profit before income taxes

532,823

273,537

Income taxes - current

35,658

118,545

Ordinary profit

Extraordinary losses
Loss on sale and retirement of non-current assets
Total extraordinary losses

Income taxes - deferred

94,494

10,208

Total income taxes

130,152

128,753

Profit402,671

144,784

Profit attributable to owners of parent

402,671

144,7845Consolidated statements of comprehensive income (cumulative)(Thousands of yen)
Nine months ended
September 30, 2022
ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income

Nine months ended
September 30, 2023

402,671

144,784

4,507

5,617

22,151(2,043)26,6583,574

429,329

148,359429,329

148,359

Comprehensive income attributable toComprehensive income attributable to owners ofparent6