Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Three Months Ended March 31, 2020[Japanese GAAP]May 26, 2020
Company name:
SAKATA INX CORPORATION
Stock exchange listing: Tokyo
Code number:
4633
URL:
http://www.inx.co.jp/
Representative:
Kotaro Morita
Representative Director, President & CEO
Contact:
Daisuke Sugahara
General Manager, Finance & Accounting Div.
Phone:+81-6-6447-5823
Scheduled date of filing quarterly securities report:
May 26, 2020
Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results:
Yes
Schedule of quarterly financial results briefing session:
No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Three Months Ended March 31, 2020 (January 1, 2020 to March 31, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net income attributable
Net sales
Operating incomeOrdinary income
to owners of parent
Million yen%
Million yen%
Million yen%
Million yen%Three months ended
March 31, 2020
41,269
0.2
1,908
20.1
1,118(40.4)
654(40.2)
March 31, 201941,189
6.2
1,589
13.0
1,874
(6.4)
1,094
(27.6)(Note) Comprehensive income:Three months ended March 31, 2020:¥(2,344) million [-%]
Three months ended March 31, 2019:¥2,203 million [-%]
Basic earnings
per share
Three months ended
March 31, 2020
March 31, 2019

Diluted earnings
per share
YenYen11.21
18.75-(2) Consolidated Financial Position
Total assets
Million yen
As ofMarch 31, 2020
146,096
December 31, 2019
148,292(Note) Equity:
As of March 31, 2020:¥As of December 31, 2019: ¥Net assets

Equity ratio

Net assets per share

Million yen%

Yen

78,21981,43950.4
51.7

1,260.26
1,313.31

73,597 million
76,696 million

2. Dividends
1stquarter-end

Annual dividends
2nd
3rd
Year-endquarter-end
quarter-end

TotalYen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2019
Fiscal year ending December 31, 2020
Fiscal year ending December 31, 2020(Forecast)(Note) Revision to the forecast for dividends announced most recently:

15.00

-

15.00

30.00

15.00

-

15.00

30.00

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2020(January 1, 2020 to December 31, 2020)(% indicates changes from the previous corresponding period.)
Net income
Basic earnings
Net sales
Operating income Ordinary income
attributable toper shareowners of parent
Million yen% Million yen% Million yen

Six months ended June 30, 2020
83,600
0.5
3,100
1.6
3,600
Full year
171,000
2.27,500
20.5
8,800(Note) Revision to the financial results forecast announced most recently:
No% Million yen(3.2)
20.2

2,300
5,800%Yen

(3.6)
40.9

39.38
99.32

* Notes:(1) Changes in significant subsidiaries during the three months ended March 31, 2020(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:
2) Changes in accounting policies other than 1) above:3) Changes in accounting estimates:
4) Retrospective restatement:

NoNo
NoNo

(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2020:
62,601,161 shares
December 31, 2019:
62,601,161 shares2) Total number of treasury shares at the end of the period:
March 31, 2020:
December 31, 2019:

4,202,300 shares
4,202,237 shares

3) Average number of shares during the period:
Three months ended March 31, 2020:Three months ended March 31, 2019:58,398,908 shares
58,399,196 shares*This consolidated financial results are not subject to quarterly review procedures by Certified Public Accountants or audit firm.
*Explanation of appropriate use of financial forecasts and other special notes
The above financial forecasts are based on the current available information in the Company and certain reasonable assumption
to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by avariety of reasons.
*Supplementary information will be disclosed on TDnet on May 26, 2020 and will be uploaded on the Company's website.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2019
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, netLandLeased assets, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of March 31,2020

10,12245,828
11,4801,178
9,024
1,943(513)
79,064

13,03944,001
11,167
1,222
9,853
1,996(509)
80,771

17,43910,455
8,831
445
1,683
2,317
41,17317,02910,077
8,787
410
1,853
2,245
40,404738344
1,083

547
279
826

25,311
2,193(533)
26,97069,227148,292

22,514
2,184(604)24,09465,325
146,096(Million yen)
As of December 31,2019Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans payable
Current portion of long-term loans payable
Accrued expenses
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of March 31,2020

17,632
13,008
6,010
2,159
3,639
566
527
2,771
46,317

18,10010,473
8,901
3,369
3,075
573
976
2,421
47,891

8,059
4,769
70
7,635
20,53566,852

8,541
4,785
70
6,587
19,98567,876

7,472
5,672
70,396(4,047)79,494

7,472
5,672
70,175(4,047)
79,2733,329
0(5,050)(1,078)(2,798)
4,743
81,439148,292

1,751
6(6,366)(1,066)(5,675)
4,621
78,219146,096

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended March 31,2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Equity in earnings of affiliates
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on valuation of investment securities
Expense on restructuring of organization
Total extraordinary losses
Income before income taxesIncome taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

For the three months
ended March 31,2020

41,18932,418
8,771
7,181
1,589

41,26932,027
9,242
7,334
1,908

12
110
236
120
479

21
110
20
113
266

78
90
25
193
1,874

65
969
22
1,057
1,118

47
47-190
2
192
1,729
583
(125)
457
1,271
177
1,094

3
53
56
1,061
582
(202)
379
681
27654

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended March 31,2019
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

For the three months
ended March 31,2020

1,271681

427
343
38

(1,547)(1,035)
16

121

(459)

931
2,203

(3,025)(2,344)

1,981
221(2,222)(121)