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 Three Months Ended March 31, 2023
(Based on Japanese GAAP)May 11, 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

May 12, 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 three months ended March 31, 2023 (from January 1, 2023 to March 31, 2023)(1) Consolidated operating results (cumulative)

Three months ended March 31, 2023
Three months ended March 31, 2022

Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
1,068 (10.1)
81 (41.8)
86 (44.0)
60 (47.4)
1,188–
139(5.8)
154 (14.1)
115(8.7)
Earnings per share

Diluted earnings per share
Yen
3.47
6.61

Three months ended March 31, 2023
Three months ended March 31, 2022

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

Net assets

Millions of yen
4,747
4,824

Equity ratio

Millions of yen
2,010
2,001

%
42.2
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

Yen–

Yen
3.00

Yen
3.00

0.00

–

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

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4. Notes(1) Changes in significant subsidiaries during the three months ended March 31, 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:

YesNo(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 March 31, 2023

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

17,551,360 sharesNumber of treasury shares at the end of the period
As of March 31, 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)
Three months ended March 31, 2023

17,551,220 shares Three months ended March 31, 2022

2

17,537,595 shares

Quarterly consolidated financial statements
Consolidated balance sheets
As of December 31, 2022
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, netMachinery, equipment and vehicles,net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets3(Thousands of yen)
As of March 31, 2023

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

1,672,521
674,524
27,92019,798
8,597
160,933–
2,564,295

391,446

383,533

320,266

373,691

752,187
83,042
1,546,942
36,966
470,7432,054,652
4,824,280

752,187
182,815
1,692,227
45,776445,500
2,183,504
4,747,800

As of December 31, 2022

(Thousands of yen)
As of March 31, 2023

293,290
170,000
101,504
76,848627,363
1,269,005

233,612
170,000
23,55641,084708,009
1,176,262

1,082,562
349,349
100,681
21,6301,554,224
2,823,230

1,092,500
349,873
100,905
18,2301,561,510
2,737,772

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

483,560
253,323
1,233,458(482)
1,969,86039,219

34,132

39,21934,1326,049
2,001,050
4,824,280

6,034
2,010,027
4,747,800

Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
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 (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Three months ended
Three months ended
March 31, 2022
March 31, 2023
Net sales
1,188,701
1,068,416
Cost of sales
686,125
578,380
Gross profit
502,576490,036
Selling, general and administrative expenses
363,195
408,915
Operating profit
139,381
81,120Non-operating income
Interest income
2730
Share of profit of entities accounted for using
16,4515,010
equity method
Foreign exchange gains
1,428
195
Insurance claim income
–
3,158
Other
3,653
3,447
Total non-operating income
21,56011,842Non-operating expenses
Interest expenses
4,298
3,921
Share acquisition rights issuance costs–
2,391
Loss on cancellation of leases
2,245
–
Other
308
311
Total non-operating expenses
6,852
6,624
Ordinary profit
154,090
86,338Extraordinary lossesLoss on retirement of non-current assets–
1,370
Total extraordinary losses–
1,370
Profit before income taxes
154,090
84,968
Income taxes - current
719
20,890
Income taxes - deferred
37,422
3,116
Total income taxes
38,141
24,006
Profit115,948
60,961
Profit attributable to owners of parent
115,948
60,961

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Consolidated statements of comprehensive income (cumulative)

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

Three months ended
March 31, 2022
115,948(Thousands of yen)Three months ended
March 31, 2023
60,961

1,097

440

965

(5,527)2,063
118,012(5,087)55,874

118,01255,874

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