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 Fiscal Year Ended December 31, 2020[Japanese GAAP]
February 12, 2021
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 Annual General Meeting of Shareholders:March 26, 2021
Scheduled date of commencing dividend payments:
March 29, 2021
Scheduled date of filing annual securities report:
March 26, 2021
Availability of supplementary briefing material on annual financial results:
Yes
Schedule of annual financial results briefing session:
Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2020 (January 1, 2020 to December 31, 2020)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
December 31, 2020
December 31, 2019

Operating income

Million yen%

Million yen%

Million yen%

Million yen%

161,507167,237

(3.4)
3.2

7,212
6,225

15.9
21.8

7,789
7,319

6.4
5.9

5,275
4,114

28.2
(12.3)(Note) Comprehensive income:Fiscal year ended December 31, 2020:
Fiscal year ended December 31, 2019:

Basic earnings
per share
Fiscal year ended
December 31, 2020
December 31, 2019

1,839million
5,339million[[(65.5)%]
605.7%]

Rate of return onequity

Yen

Yen%%%

90.32
70.46

-

6.9
5.5

5.3
5.0

4.5
3.7

Total assets

Net assets¥¥

Ordinary income to Operating income tototal assets ratio
net sales ratio

314million
741million
Equity ratio

Net assets per share

Million yen

Million yen%

Yen

145,272
148,292

81,421
81,43952.6
51.7

1,307.13
1,313.31(Note) Equity:

As of December 31, 2020:
As of December 31, 2019:(3) Consolidated Cash Flows¥¥

Cash flows fromoperating activities
Fiscal year ended
December 31, 2020
December 31, 2019¥¥

Diluted earnings
per share(Note) Equity in earnings of affiliates: Fiscal year ended December 31, 2020:
Fiscal year ended December 31, 2019:(2) Consolidated Financial Position

As ofDecember 31, 2020
December 31, 2019

Net income attributableto owners of parent

Ordinary income

76,360million
76,696million
Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

10,5999,819(7,010)(5,106)(980)(3,821)

11,6789,361

2. Dividends
Annual dividends
1st2nd
3rdYear-end
quarter-end quarter-end quarter-end
Fiscal year ended
December 31, 2019
December 31, 2020
Fiscal year ending
December 31, 2021(Forecast)

Totaldividends

Total

Payoutratio(consolidated)

Dividends
to netassets(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen

%%

-

15.00
15.00

-

15.00
15.00

30.00
30.00

1,751
1,752

42.6
33.2

2.3
2.3

-

15.00

-

15.00

30.00

27.4

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2021 (January 1, 2021 to December 31, 2021)(% indicates changes from the previous corresponding period.)
Net sales

Six months ended June 30, 2021
Full year

Operating income

Ordinary income

Net income
attributable toowners of parent

Basic earnings
per share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

82,400170,000

3.7
5.3

3,200
8,000

0.6
10.9

3,800
9,200

47.1
18.1

2,600
6,400

73.6
21.3

44.50
109.53* Notes:(1) Changes in significant subsidiaries during the period under review(changes in specified subsidiaries resulting in changes in scope of consolidation):No(2) 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:

NoNoNoNo(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2020:
62,601,161shares
December 31, 2019:
62,601,161shares2) Total number of treasury shares at the end of the period:
December 31, 2020:
December 31, 2019:

4,182,625shares
4,202,237shares

3) Average number of shares during the period:
Fiscal Year ended December 31, 2020:
Fiscal Year ended December 31, 2019:58,412,754shares
58,399,069shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2020 (January 1, 2020 to December 31, 2020)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
December 31, 2020
December 31, 2019

Operating income

Ordinary income

Net income

Million yen%

Million yen%

Million yen%

Million yen%

61,201
65,521

(6.6)
(3.5)

761
1,134(32.9)(29.0)

2,852
3,326

(14.3)(14.3)

2,752
2,696

2.1
(12.7)

Basic earnings
per share
Fiscal year ended
December 31, 2020
December 31, 2019

Diluted earnings
per share
YenYen

47.12
46.17

-(2) Non-consolidated Financial Position
Total assets
As ofDecember 31, 2020
December 31, 2019
(Note) Equity:

Net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

92,244
95,13656,53057,20661.3
60.1

967.68979.58

As of December 31, 2020:
As of December 31, 2019:¥¥56,530million
57,206million*This consolidated financial results are not subject to audit 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 tothe Company, and we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a varietyof reasons.
*Supplementary information will be disclosed on TDnet on February 12, 2021 and will be uploaded on the Company's website.

Consolidated Financial Statements
Consolidated Balance Sheets(Million yen)
As of December 31,2019

As of December 31,2020

AssetsCurrent assets
Cash and deposits

10,122

12,427

Notes and accounts receivable - trade
Merchandise and finished goods

45,828
11,48043,083
10,462Work in process

1,178

1,119

Raw materials and supplies
Other9,024
1,943

9,602
1,542

Allowance for doubtful accounts(513)(596)

79,064

77,64017,43916,134

Machinery, equipment and vehicles, net
Land10,455
8,831

9,282
8,847

Leased assets, net
Construction in progress

445
1,683

414
3,514

Other, net

2,317

2,144

Total property, plant and equipment

41,17340,338

738
344

501
206

1,083

707

25,311

25,176

57
167

46
221

Deferred tax assets
Other

339
1,628

347
1,208

Allowance for doubtful accounts

(533)

(414)

Total investments and other assets

26,97026,586

69,227

67,632

148,292

145,272

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netIntangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset

Total non-current assets
Total assets- 1 -(Million yen)
As of December 31,2019

As of December 31,2020

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating

17,632
13,00816,376
11,309

Short-term loans payable
Current portion of long-term loans payable

6,010
2,159

4,533
2,771Lease obligations
Accrued expenses

249
3,639

215
3,563

566
527

614
555

Other

2,521

2,375

Total current liabilities

46,31742,315Long-term loans payable

8,059

9,754

Lease obligations
Deferred tax liabilities

505
4,503

455
3,315

Retirement benefit liability
Asset retirement obligations

4,769
70

4,940
71

Income taxes payable
Provision for bonuses

Non-current liabilities

Other

2,627

2,996

Total non-current liabilities

20,535

21,53566,852

63,850Shareholders' equity
Capital stock

7,472

7,472

Capital surplus
Retained earnings

5,672
70,396

5,672
73,918Treasury shares(4,047)(4,027)

Total shareholders' equity

79,494

83,035

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

3,329
0

1,652
(0)

Foreign currency translation adjustment(5,050)(7,281)Remeasurements of defined benefit plans(1,078)(1,045)

Total accumulated other comprehensive income(2,798)(6,674)

Total liabilities
Net assets

Accumulated other comprehensive income

Non-controlling interests

4,743

5,060

Total net assets

81,43981,421

148,292

145,272

Total liabilities and net assets- 2 -Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year
ended December 31,2019

For the fiscal year
ended December 31,2020

Net sales

167,237

161,507

Cost of sales

131,507126,049

Gross profit

35,73035,458Selling, general and administrative expenses

29,50428,245

Operating income

6,225

7,212

Interest income
Dividend income

78330

89337

Real estate rent
Equity in earnings of affiliates

194741

188
314

Other349

242

1,6931,172

Interest expenses
Foreign exchange losses

305
109267
157

Other

186

171

Total non-operating expenses

600

596

7,319

7,789

211

83
3

Non-operating income

Total non-operating income
Non-operating expenses

Ordinary income
Extraordinary income
Gain on sales of property, plant and equipment
Gain on sales of investment securities
Subsidy income

100100Total extraordinary income

311

187

Impairment loss
Loss on retirement of property, plant and equipment

190
39-

Loss on valuation of investment securities

2216

3218

Extraordinary losses

Expense on restructuring of organization
Total extraordinary losses

448

221

Income before income taxes

7,181

7,755

Income taxes - current

2,039

2,245

Income taxes - deferred387(396)

Total income taxes

2,427

1,849

Net income

4,754

5,906

Net income attributable to non-controlling interests
Net income attributable to owners of parent- 3 -

639

630

4,114

5,275

Consolidated Statements of Comprehensive Income(Million yen)
For the fiscal year
ended December 31,2019
Net income

For the fiscal year
ended December 31,2020

4,754

5,906

Other comprehensive income
Valuation difference on available-for-sale securities

647(1,712)Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

(307)
287

(1,893)32

Share of other comprehensive income of affiliates
accounted for using equity method

(42)

(492)

Total other comprehensive income

584(4,066)

5,339

1,839

4,680
658

1,399
439

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests- 4 -Consolidated Statements of Changes in Net Assets
For the fiscal year ended December 31,2019(Million yen)
Shareholders' equity
Capitalsurplus

Capital stock
Balance at beginning of current period

7,472

Retainedearnings

5,672

Total
shareholders'equity

Treasuryshares68,430(4,047)

77,528Changes of items during the period
Dividends of surplus(1,751)(1,751)

Net income attributable to owners of parent

4,114

4,114

Purchase of treasury shares(0)Change of scope of consolidation in affiliates(396)

accounted for using equity method

(0)
(396)

Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period

--

1,966

(0)

1,966

7,472

5,672

70,396(4,047)79,494

Accumulated other comprehensive income
TotalValuationdifference on

Deferred gains oravailable-for-sale losses on hedges
securities

Balance at beginning of current period

2,713

Foreign currency Remeasurements

accumulatedtranslationof defined benefit

otheradjustment

planscomprehensive

Noncontrollinginterests

Total net
assets

3,090

77,397

income4(4,549)(1,389)(3,220)Changes of items during the period
Dividends of surplus(1,751)

Net income attributable to owners of parent

4,114

Purchase of treasury shares(0)Change of scope of consolidation in affiliates(396)

accounted for using equity method
Net changes of items other than shareholders'equityTotal changes of items during period
Balance at end of current period

615

(4)

(500)

311

421

1,653

2,075

615

(4)

(500)

311

421

1,653

4,041

3,329

0

(5,050)(1,078)(2,798)

4,743

81,439- 5 -For the fiscal year ended December 31,2020(Million yen)
Shareholders' equityCapitalsurplus

Capital stock
Balance at beginning of current period

7,472

Retainedearnings

5,672

Total
shareholders'equityTreasuryshares70,396(4,047)79,494

Changes of items during the period
Dividends of surplus(1,752)(1,752)

Net income attributable to owners of parent

5,275

5,275

Purchase of treasury shares

(0)

(0)

1917

Disposal of treasury shares(2)

Transfer to capital surplus from retained earnings

2(2)

-(0)

3,521

19

3,540

7,472

5,672

73,918(4,027)83,035

Net changes of items other than shareholders' equity
Total changes of items during period
Balance at end of current period

Accumulated other comprehensive income
TotalValuationdifference on

Deferred gains oravailable-for-sale losses on hedges
securities

Balance at beginning of current period

3,329

Foreign currency Remeasurements

accumulatedtranslationof defined benefit

otheradjustment

planscomprehensive

Noncontrollinginterests

Total net
assets

4,743

81,439income0(5,050)(1,078)(2,798)Changes of items during the period
Dividends of surplus(1,752)

Net income attributable to owners of parent

5,275

Purchase of treasury shares(0)

Disposal of treasury shares

17

Transfer to capital surplus from retained earnings
Net changes of items other than shareholders'equityTotal changes of items during period
Balance at end of current period(1,676)(0)(2,231)33(3,876)317(3,558)(1,676)(0)(2,231)33(3,876)

317

(18)

1,652

(0)

(7,281)(1,045)(6,674)

5,060

81,421- 6 -Consolidated Statements of Cash Flows(Million yen)
For the fiscal year
ended December 31,2019

For the fiscal yearended December 31,2020

Cash flows from operating activities
Income before income taxes
Depreciation and amortzation

7,181
4,340

7,755
4,349

Impairment loss
Amortization of goodwill

190
108

83

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability

267
179

(18)
179

Increase (decrease) in provision for bonuses
Interest and dividend income(25)(408)

29(427)

Interest expenses

305

267

Equity in (earnings) losses of affiliates
Loss (gain) on sales of property, plant and equipment(741)-(314)(83)

Loss on retirement of property, plant and equipment

39-

Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities

(211)
2(3)
3

Subsidy income
Expense on restructuring of organization

(100)
216

(100)
218

Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories

1,611(469)

1,791(342)

Increase (decrease) in notes and accounts payable - trade
including electronically recorded obligations - operating(1,884)(2,396)

Other, net

71

1,224

Subtotal

10,675

12,214

Interest and dividend income received

707

739

Interest expenses paid
Proceeds from subsidy income(305)
100(264)
100

Income taxes paid

(1,358)(2,190)Net cash provided by (used in) operating activities

9,819

10,599(5,095)(4,318)Proceeds from sales of property, plant and equipment
Purchase of investment securities

21(130)293(2,887)

Proceeds from sales of investment securities
Payments of loans receivable

480
(54)

15(38)

Collection of loans receivable

44(373)48(121)(5,106)(7,010)Cash flows from investing activities
Purchase of property, plant and equipment

Other, net
Net cash provided by (used in) investing activities- 7 -(Million yen)
For the fiscal year
ended December 31,2019
Cash flows from financing activities
Net increase (decrease) in short-term loans payable

For the fiscal year
ended December 31,2020(3,137)(1,282)

Proceeds from long-term loans payable

3,097

4,907

Repayments of long-term loans payable
Cash dividends paid

(1,521)(1,751)(2,473)(1,752)

Dividends paid to non-controlling interests

(167)

(239)

Proceeds from share issuance to non-controlling shareholders

(340)

117
(256)

(3,821)(980)

254(292)

Net increase (decrease) in cash and cash equivalents

1,146

2,317

Cash and cash equivalents at beginning of period

6,788

9,361

Increase (decrease) in cash and cash equivalents resulting fromchange of scope of consolidation

1,426

-

Cash and cash equivalents at end of period

9,361

11,678Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents- 8 -