Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

August 10, 2021

Consolidated Financial Results
for the Three Months Ended June 30, 2021
(Under Japanese GAAP)
Company name: SANIX INCORPORATED
Listing:
Tokyo Stock Exchange / Fukuoka Stock Exchange
Securities code: 4651
URL:
https://sanix.jp/lang_en/
Representative: Hiroshi Munemasa, President and Representative Director
Inquiries:
Hiroshi Soga, Executive officer, Division manager of Corporate Planning Division
Telephone:+81-92-436-8882
Scheduled date to file quarterly securities report:
August 16, 2021
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly financial results briefing:
Yes (for Institutional investor)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021
to June 30, 2021)(1) Consolidated operating results (cumulative)
Net sales
Three months
ended(Percentages indicate year-on-year changes.)

Operating Income

Profit attributable toowners of parent

Ordinary Income

Millions of yen%

Millions of yen%

Millions of yen

June 30, 2021

11,033

(7.2)

(102)

-

(138)

-

(300)

-

June 30, 2020

11,893

2.5

784

26.0

755

25.8

663

52.2

Note: Comprehensive income For the three months ended June 30, 2021:
For the three months ended June 30, 2020:
Basic earnings
per share
Three months
ended

%

¥(285) million¥ 653 million

Millions of yen%[-%][63.5%]

Diluted earnings
per share
Yen

Yen

June 30, 2021

(6.30)-

June 30, 2020

13.89

-

Note: From the beginning of the first quarter of fiscal year ending March 31, 2022, the Company began adopting the AccountingStandard for Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc.
The figures for the first quarter of the fiscal year ending March 31, 2022 are the figures after the application of the relevant accounting
standards.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30, 2021

34,054

7,807

22.9

162.78March 31, 2021

32,940

8,097

24.5

168.84

Reference: Equity
As of June 30, 2021:
As of March 31, 2021:%

Net assets
per shareYen¥7,781 million¥8,071 million

Note: From the beginning of the first quarter of fiscal year ending March 31, 2022, the Company began adopting the AccountingStandard for Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc.
The figures for the first quarter of the fiscal year ending March 31, 2022 are the figures after the application of the relevant accounting
standards.

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarterend

Third quarter-end

Yen

Yen

Yen

Yen

Yen

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022

Fiscal year-end

Total

0.00

Fiscal year ending
March 31, 2022
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated financial forecasts for the fiscal year ended March 31, 2022(from April 1, 2021 toMarch 31, 2022)
Net sales

Operating Income

Ordinary Income

Profit attributableto owners ofparentBasic earnings
per share

Millions ofYen%Millions ofYen%Millions ofYen%Millions ofYen%

Six months ended
September 30,
2021

23,608(1.4)

773(53.6)

652(58.3)

373(73.5)

7.82

Full Year

49,730

0.6

2,396

3.0

2,166

3.6

1,540

(21.6)

32.22

Yen

Note
1.Revision from the most recently announced forecast of consolidated business results: None
2.From the beginning of the first quarter of fiscal year ending March 31, 2022, the Company began adopting the
Accounting Standard for Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc.
The figures for the first quarter of the fiscal year ending March 31, 2022 are the figures after the application of therelevant accounting standards.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in
the change in scope of consolidation): None
Newly included: - companies (Company name)
Excluded:- companies (Company name)(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial
statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note :For details, please see 2. Quarterly Consolidated Financial Statements and Main Notes to theStatements (3) Notes on Consolidated Financial Statements (Changes in Accounting Policies) on page
9 of the attachment.
(4) Number of issued shares (common shares)
(i)

(ii)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30,2021

48,919,396 shares

As of March 31,2021

48,919,396 shares

Number of treasury shares at the end of the period
As of June 30,2021

1,114,743 shares

As of March 31,2021

1,114,693 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the
fiscal year)
Three months ended June 30, 2021

47,804,665 shares

Three months ended June 30, 2020

47,804,953 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public
accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements, including results forecasts, included in this material are based on the information that
the Company has obtained and certain assumptions that the Company considers reasonable. Actual results may differ
significantly for a range of factors. The assumptions for the results forecasts and cautions in the use of the forecasts
are described in 1. Qualitative Information for the three months ended June 30, 2021, (3) Information on the Future
Outlook, Including the Forecasts of Consolidated Business Results on page 5 of the Attachment

Index of the attachment
1. Qualitative Information for the Three months ended June 30, 2021 ...................

2(1) Information of Consolidated Business Results ...........................................................................

2(2) Information of Consolidated Financial Position ..........................................................................
(3) Information on the Future Outlook,
Including the Forecasts of Consolidated Business Results ......................................................

5
5

2. Quarterly Consolidated Financial Statements and the Primary Notes for theThree months ended June 30, 2021.........................................................................................

6(1) Quarterly Consolidated Balance Sheets ......................................................................................

6(2) Quarterly Consolidated Statements of Income and Comprehensive Income ........................

8

Quarterly Consolidated Statements of Income ...........................................................................

8

Quarterly Consolidated Statements of Comprehensive Income ..............................................

9(3) Notes regarding the Quarterly Consolidated Financial Statements ........................................

10

Notes on matters related to going concern assumption ............................................................

10

Notes to Remarkable Changes in the amount of Shareholders’ Equity ..................................

10

Changes in accounting policies ....................................................................................................

11

Segment Information, etc. ............................................................................................................

13

3. Others...................................................................................................................................................

16

Consolidated Net Sales by Division ................................................................................................

16

2

1. Qualitative Information for the Three months ended June 30, 2021
(1) Information of Consolidated Business Results
During the first quarter under review (April 1, 2021 to June 30, 2021), the future of theJapanese economy continued to be uncertain, despite signs of recovery that have been
observed reflecting factors such as the measures for the gradual resumption of economic
activities, while the impact of the COVID-19 pandemic has remained. In this situation, SANIXINCORPORATED and its consolidated subsidiaries (hereinafter the “Group”) continued theirrespective operations, prioritizing prevention of the infection’s spread.
In May 2021, the Group formulated the SANIX Long-Term Vision 2030 to clarify its direction
toward 2030 and its goals to achieve a carbon-neutral society and a recycling-based
economy. Under the corporate philosophy, "Clean and comfortable Environment for the next
generation," we will continue our efforts to create a sustainable society.
Net sales of the Solar Engineering (SE) Division declined reflecting the decline in the numberof photovoltaic system installations due to effects of the revision in the FIT System for solar
electric power systems. Additionally, in April operations were suspended at the SANIXENERGY's Tomakomai power plant, a part of the Environmental Resources Development(ERD) Division, due to a legally required biennial inspection. As a result, the Group's
consolidated net sales for the first quarter under review came to ¥11,033 million (down 7.2%
year on year).
Due to the impact of the decrease in the net sales of the SE Division and the recording of¥705 million in repair expenses associated with the legally required inspection of the ERD
Division's Tomakomai power plant, the operating loss for the entire Group came to ¥102
million (operating income was ¥784 million year on year) and ordinary loss was ¥138 million(ordinary income was ¥755 million year on year). Net loss attributable to owners of parent
stood at ¥300 million (net profit attributable to owners of parent was ¥663 million yen year onyear).
At the beginning of the first quarter of fiscal year ending March 31, 2022, the Company began
applying the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29. March 31,2020), etc. In the consolidated business results, the year-on-year increase (decrease) and percent
change from the corresponding period of the previous year under the previous accounting basis arepresented for reference. For details, please see 2. Quarterly Consolidated Financial Statements andthe Primary Notes for the Three months ended June 30, 2021 (3)Notes regarding the Quarterly
Consolidated Financial Statements (Changes in Accounting Policies).
The consolidated results of the individual segment for the first quarter under review were as
follows:

3

a. SE (Solar Engineering) Division
In the SE Division, sales of sales and installation of PV system fell 40.5% year on year,
affected by the revision of the FIT system and a reduction of purchase prices, resulting in adecrease in the number of installations that qualify for the FIT system. As a result, net sales inthis segment decreased to ¥1,798 million (down 40.6% year on year).
The segment posted an operating loss of ¥150 million (operating income of ¥263 million year
on year) due to the significant impact of the decrease in net sales.

b. HS (Home Sanitation) Division
The HS Division refrained from new sales visits in areas where a state of emergency had
been declared and prioritized measures to prevent the spread of COVID-19. However, inother areas, sales activities were conducted as usual while taking thorough preventive
measures. Termite control construction increased 10.0% year on year, and Under-floor/attic
ventilation system increased 9.5% year on year, and Foundation Repair/Home Reinforcement
System increased 26.0% year on year. As a result, net sales for the segment totaled ¥3,297
million (up 15.5% year on year).
Operating income for the segment amounted to ¥716 million (up 31.5% year on year) due toan increase of net sales and improvements in the efficiency of installation offsetting increased
personnel and other expenses caused by the expansion of the workforce.

c. ES (Establishment Sanitation) Division
The ES Division improved relationships with building and condominium owners and partnercompanies, including management companies, by expanding business through an active
increase of personnel and the opening of a new sales office. Despite a 42.8% decrease year
on year in the water proofing of buildings, there was a 28.8% year-on-year increase of
installations of Daelman Shock, our main anti-rust equipment product, and Water supply anddrainage repair increased 18.1% year on year. As a result, net sales for the segment totaled¥595 million (up 14.4% year on year).
Operating income for the segment amounted to ¥43 million (up 46.8% year on year) with theeffects of the net sales increase offsetting a rise in fixed costs mainly caused by the
expansion of the workforce.

4d. ERD (Environmental Resources Development) Division
In the ERD Division, plastic fuel sales increased 1.6% year on year due to an increase in thevolume of waste accepted, Organic Waste liquid treatment rose 8.2% year on year, and final
disposal increased 10.4% year on year. Meanwhile, power plant sales dropped 22.2% year
on year, reflecting the suspended operations of SANIX ENERGY's Tomakomai power plant inApril for the legally required biennial inspection. As a result, net sales in this segment
decreased to ¥4,037 million (down 2.3% year on year).
Operating income for the segment amounted to ¥174 million (down 81.5% year on year)
reflecting lower sales due to the legally required inspection of the Tomakomai power plant
and the recording of repair expenses.

e. EB(Energy Business) Division
In the EB Division, retail sales of electricity increased due to an increase in the number ofcontracts for the PPS(Power Producer and Supplier) business. Meanwhile, in the current year
we shifted the Tomakomai power plant to direct wholesale sales to external customers, notthrough the PPS business. In addition, we changed to a method recognizing revenue on a net
basis for some transactions associated with the adoption of the Accounting Standard for
Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc. As a result, the PPS
business was down 37.1% year on year. Additionally, the third party-owned photovoltaic
power generation model for detached houses that the Company is promoting in collaboration
with other companies increased 30.9% year on year. As a result, net sales in this segment
decreased to ¥1,312 million (down 33.1% year on year).
Operating income stood at ¥35 million (operating loss of ¥80 million year on year) reflecting a
reduction in the power procurement cost of the PPS business, despite a rise in personnel
expenses caused by the expansion of the workforce toward the expansion of a businessusing the third party-owned photovoltaic power generation model.

5(2) Information of Consolidated Financial Position
Total assets at the end of the first quarter under review amounted to ¥34,054 million, an
increase of ¥1,114 million from the end of the previous fiscal year. This was caused chiefly byan increase in machinery, equipment and vehicles and increases in long-term prepaid
expenses and investments and other assets of ¥1,116 million associated with the adoption of
the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29. March 31,2020), etc., despite a decrease in notes and accounts receivable-trade of ¥453 million.
Total liabilities stood at ¥26,247 million, an increase of ¥1,404 million from the end of theprevious fiscal year. This was attributable largely to increases in accounts payable-other of¥807 million, contract liabilities and other of current liabilities of ¥1,265 million due to theadoption of Accounting Standard for Revenue Recognition (ASBJ Statement No. 29. March
31, 2020), etc., despite a decrease in notes and accounts payable-trade of ¥700 million.
Net assets totaled ¥7,807 million, a decrease of ¥289 million from the end of the previous
consolidated fiscal year. The key factors contributing to the decrease included the posting of
net loss attributable to the owners of parent of ¥300 million.
Consequently, the capital-to-asset ratio came to 22.9% at the end of the first quarter underreview, compared with 24.5% at the end of the previous fiscal year.
(3) Information on the Future Outlook, Including the Forecasts of Consolidated BusinessResults
There is no change in the forecast of consolidated business results for the current fiscal year
ending March 31, 2022, from the forecasts announced on May 17, 2021.

6

2. Quarterly Consolidated Financial Statements and the Primary Notes for theThree months ended June 30, 2021
(1) Quarterly Consolidated Balance Sheets(In Millions of Yen)

As of

As of

March 31, 2021

June 30, 2021

Cash and deposits

5,256

5,056

Notes and accounts receivable-trade

5,228

4,775

Assets :Current Assets :Merchandise and finished goods

36

42

Costs on construction contracts in progress

63

101

Raw materials and supplies

2,910

2,736

Other

1,330

1,726

Allowance for doubtful accounts

(194)

(193)

14,633

14,244

Buildings and structures, net

1,624

1,569

Machinery, equipment and vehicles, net

3,002

3,439

Land

8,094

8,094

Total Current Assets
Non-current assets:
Property, Plant and Equipment :Other, net

2,600

2,605

Total Property, Plant and Equipment

15,322

15,708Intangible assets

773

774

Investments and Other Assets :

2,210

3,326

Total non-current assets

18,30619,80932,94034,054

Total Assets

7(In Millions of Yen)

As of

As of

March 31, 2021

June 30, 2021

Notes and accounts payable-trade

4,037

3,337

Short-term borrowings

6,630

6,232

Liabilities :Current Liabilities :Current portion of long-term borrowings

230

196

2,696

3,503

Income taxes payable

152

220

Provision for bonuses

256

393

Accounts payable

Allowance for resource-recycling expenses

9

7

Other

2,849

4,115

Total Current Liabilities

16,861

18,006

500

500

2,417

2,410

9

4

Non-Current Liabilities :Bonds payable
Long-term borrowings
Provision for retirement benefits for directors
Provision for disposal site closing expenses

675

689

Retirement benefit liability

1,859

1,883

Other

2,519

2,751

Total Non-Current Liabilities

7,981

8,240

24,842

26,247

14,041

14,0411

1Retained earnings(4,541)(4,846)

Treasury shares(1,481)(1,481)

Total Shareholders’ Equity

8,020

7,715

55

52

Total Liabilities
Net Assets :Shareholders’ Equity :Capital stock
Capital surplus

Accumulated other comprehensive income :Valuation difference on available-for-sale securities
Foreign currency translation adjustment

1

17Remeasurements of defined benefit plans

(5)

(4)

Total Other comprehensive income

50

66

25

25

Non-controlling Interests
Total Net Assets

8,097

7,807

Total Liabilities and Assets

32,94034,054

8(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(In Millions of Yen)

Three months
From April 1 to June 30
FY2020

FY2021

Net sales

11,893

11,033

Cost of sales

7,388

7,294

Gross profit

4,505

3,738

Selling, general and administrative expenses

3,720

3,841

784

(102)

Interest income

44Dividends income

1

1

Rental income from land and buildings

15

15

Other

13

13

Total non-operating income

3435Interest expenses

45

57

Other

19

13

Total non-operating expenses

64

71

Ordinary income (loss)

755

(138)

Profit (loss) before income taxes

755

(138)

Income taxes-current

82

147

Income taxes-deferred8

14

Total income taxes

91

162

Profit (loss)

663

(301)

0

(0)

663

(300)

Operating income (loss)
Non-operating income :Non-operating expenses :Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

9(Quarterly Consolidated Statements of Comprehensive Income)(In Millions of Yen)

Three months
From April 1 to June 30
FY2020
Profit (loss)

FY2021

663(301)

Valuation difference on available-for-sale securities

5(2)

Foreign currency translation adjustment

(7)

16

Remeasurements of defined benefit plans, net of tax(8)1

Total other comprehensive income

(10)

15

653

(285)

653
0

(285)
(0)

Other comprehensive income :Comprehensive net income
Comprehensive net income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

10(3) Notes regarding the Quarterly Consolidated Financial Statements(Notes on matters related to going concern assumption): None(Notes to Remarkable Changes in the amount of Shareholders’ Equity): None11(Changes in accounting policies)(Adoption of the Accounting Standard for Revenue Recognition）
From the beginning of the first quarter of the fiscal year ending March 31, 2022, the Company
began adopting the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29.
March 31, 2020, hereinafter "Revenue Recognition Accounting Standard"), etc. The Company
has decided to recognize revenue at the amount it expects to receive in exchange for thepromised goods or services when control of the goods or services is transferred to thecustomer.
Major changes due to the adoption of the Revenue Recognition Accounting Standard are as
follows:

1. Revenue Recognition from the Satisfaction of Performance Obligations
For some warrantied parts of solar photovoltaic generation systems sales, revenue waspreviously recognized, including revenue from system sales, at the completion of installation.
However, we have changed to a method recognizing revenue over the warranty period.
In addition, regarding retail sales of electricity, revenue was previously recognized based on
the meter reading date (a method of recognizing revenue based on the amount of usage
confirmed by meter readings conducted on days other than the end of each month). However,
we have changed to a method estimating and recording the revenue generated from the dateof meter reading conducted in the closing month to the closing date, in accordance with
Paragraph 103-2 of the "Application Guidance on Revenue Recognition Accounting Standard "(ASBJ Guidance No. 30, March 26, 2021).

2. Recognition of Revenue from Proxy Transactions
For transactions in which the Group's role in the sale to the customer is that of an agent, theGroup previously recognized the total amount of the consideration received from the customer
as revenue. However, the Group has changed to a method of recognizing revenue on a net
basis deducting the amount paid to third parties from the total amount of the consideration.

We apply the Revenue Recognition Accounting Standard, etc. in accordance with thetransitional treatment prescribed in the proviso of paragraph 84 of the Revenue Recognition
Accounting Standard. The cumulative effect of retroactively applying the new accounting
policy prior to the beginning of the first quarter of fiscal year ending March 31, 2022 wasadded to or deducted from retained earnings at the beginning of the first quarter of the current

12fiscal year, and the new accounting policy has been applied from the beginning balance of thecurrent fiscal year. However, we have applied the method prescribed in Paragraph 86 of the
Revenue Recognition Accounting Standard and have not retrospectively applied the new
accounting policy to contracts in which almost all of the revenue amount was recognized inaccordance with the previous treatment prior to the beginning of the first quarter of the current
fiscal year.
As a result, net sales for the first quarter under review declined ¥352 million, cost of sales
decreased ¥361 million, selling, general and administrative expenses declined ¥2 million.
Operating income, ordinary income and income before income taxes and minority interests
each increased ¥11 million. Retained earnings at the beginning of the current fiscal year
decreased ¥4 million.
In accordance with the transitional treatment prescribed in Paragraph 89-2 of the Revenue
Recognition Accounting Standard, no reclassification has been made to the prior year's
consolidated financial statements to conform to the new presentation. In accordance with thetransitional treatment prescribed in Paragraph 28-15 of the Accounting Standard for Quarterly
Financial Reporting (ASBJ Statement No. 12, March 31, 2020), information on revenues fromcontracts with customers for the first quarter of the previous fiscal year have not been broken
down.

13

(Segment Information, etc.)
Ⅰ Three months ended June 30,2020 (From April 1, 2020 to June 30, 2020)
Information concerning the Amount of Net Sales and Operating Income (loss) by Segment(In Millions of Yen)

SE

HS

ES

ERD

EB

Total

Elimination
or Group(note 1)

3,024

2,854

520

3,529

1,963

11,893-

11,893

-

-

-

602

-

602

(602)

-

3,024

2,854

520

4,131

1,963

12,495(602)

11,893

263

545

29

942

(80)

1,700

(915)

784

Segments

Consolidated(note 2)

Sales:
Sales to customers
Internal sales among
segments and transfer
accounts
Total
Operating income(loss)(note 1)
Negative ¥915 million for adjustments of Operating income (loss) represents corporate expenses not allocated toreportable segments. Corporate expenses are mainly general and administrative expenses note attributable toreportable segments.
(note 2)
Operating income is adjusted to operating loss of quarterly consolidated statements of income.

14

ⅡThree months ended June 30,2021 (From April 1, 2021 to June 30, 2021)
Information concerning the Amount of Net Sales and Operating Income (loss) by Segment

SE
Sales
Sales and installationof PV system

Segments
ES
ERD

HS

EB

Elimination or Consolidated
Group (note1)(note 2)

Total

1,759

-

-

-

-

1,759

-

1,759

Wholesale of PV
system

17

-

-

-

-

17

-

17

Termite control
construction

-

1,049

-

-

-

1,049

-

1,049

Under-floor/attic
ventilation system

-

794

-

-

-

794

-

794

Foundation Repair/
Home Reinforcement
System

-

557

-

-

-

557

-

557

Anti-rust equipment
installation

-

-

313

-

-

313

-

313

Water supply anddrainage repair

-

-

157

-

-

157

-

157

Waterproofing andrenovation of buildings

-

-

28

-

-

28

-

28

Plastic fuel

-

-

-

2,617

-

2,617

-

2,617

Power Plant

-

-

-

610

-

610

-

610

Organic Waste liquid
treatment

-

-

-

484

-

484

-

484

Landfill

-

-

-

205

-

205

-

205

Sales of Electricity

-

-

-

-

1,156

1,156

-

1,156

21

895

95

120

148

1,281

-

1,281

1,798

3,297

595

4,037

1,304

11,033-

11,033

1,798

3,297

595

4,037

1,304

11,033-

11,033

-

-

-

-

8

8

(8)

-

1,798

3,297

595

4,037

1,312

11,041(8)

11,033

(150)

716

43

174

35

819

(921)

(102)

Others
Revenue fromcontracts withcustomers
Sales to customers
Internal sales among
segments and transfer
accounts
Total
Operating income(loss)

15(note 1)
Negative ¥921 million for adjustments of Operating income (loss) represents corporate expenses not allocated toreportable segments. Corporate expenses are mainly general and administrative expenses note attributable toreportable segments.
(note 2)
Operating income (loss) is adjusted to operating loss of quarterly consolidated statements of income.

2.Information on changes in reportable segments
As described in (Changes in Accounting Policies), starting from the beginning of the first quarterof fiscal year ending March 31, 2022, the Company began adopting the Accounting Standard for
Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc. The Company haschanged its accounting method for revenue recognition.
Net sales in the SE Division increased by ¥42 million, net sales in HS Division, ERD Division, andEB Division decreased by ¥2 million, ¥ 64 million, and ¥328 million respectively for the firstquarter under review due to the change, compared with those under the previous accounting
method. The impact on segment income or loss is immaterial.

16

3. OtherConsolidated Net Sales by Division（In Million of Yen）
From April 1 to June 30
Comparison
Unit
FY2020

FY2021

Item
QTY

AmountQTY

AmountQTY

AmountSales and installation of PV system

kW17,908

2,956

6,038

1,759

-11,870-1,197Wholesale of PV system

－

－

41

－

17

－

-24

Others

－

－

26

－

21

－

-4

－

－

3,024

－

1,798

－

-1,226

tsubo

154

953

166

1,049

12

95

－

－

725

－

794

－

69

House

1,079

442

1,339

557

260

115

－

－

733

－

895

－

162

H ome Sa ni ta ti on D i v i s i on Tota l

－

－

2,854

－

3,297

－

442

Anti-rust equipment installation

Piece

226

243

299

313

73

70

Water supply and drainage repair

－

－

133

－

157

－

24

Waterproofing and renovation ofbuildings

－

－

49

－

28

－

-21

Others

－

－

94

－

95

－

1

－

－

520

－

595

－

74

Plastic fuelｔ

66,112

2,575

70,941

2,617

4,828

42

Power Plant

－

－

784

－

610

－

-173

Organic Waste liquid treatmentｔ24,127447

24,665

484

538

36

Landfill

－

－

186

－

205

－

19

Others

－

－

138

－

120

－

-18

－

－

4,131

－

4,037

－

-94

Sales of Electricity

－

－

1,850

－

1,164

－

-686

Others

－

－

113

－

148

－

35

Energ y B us i nes s D i v i s i on

－

－

1,963

－

1,312

－

-650

Adjustment of intersegment sales

－

－

(602)

－

(8)

－

593

Total Net Sales－－

11,893－

11,033－-860

Sol a r Eng i neeri ng D i v i s i on Tota l
Termite control construction
Under-floor/attic ventilation system
Foundation Repair/
Home Reinforcement System
OthersEs ta bl i s hment Sa ni ta ti on
D i v i s i on Tota l

Env i ronmenta l R es ources
D ev el opment D i v i s i on Tota l*1,00017

Note
1.Descriptions are omitted for items that are handled in such a wide range that it is difficult to grasp their quantity.
2.1,000 tsubo is approximately 3,305.785 ㎡.
3.From the beginning of the first quarter of fiscal year ending March 31, 2022, the Company began adopting
the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29. March 31, 2020), etc. The figures forthe first quarter of the fiscal year ending March 31, 2022 are the figures after the application of the relevant
accounting standards.