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, 2021[Japanese GAAP]May 14, 2021
Company name:
SAKATA INX CORPORATION
Stock exchange listing: Tokyo
Code number:
4633
URL:
http://www.inx.co.jp/
Representative:
Yoshiaki Ueno
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 14, 2021
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, 2021 (January 1, 2021 to March 31, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales

Operating incomeMillion yen%Million yen%Three months ended
March 31, 2021
43,223
4.7
2,772
45.3
March 31, 2020
41,269
0.2
1,908
20.1
(Note) Comprehensive income: Three months ended March 31, 2021: ¥Three months ended March 31, 2020: ¥Basic earnings
per share
Three months ended
March 31, 2021
March 31, 2020

Net income attributableto owners of parent

Ordinary income
Million yen%

Million yen%

1,833654-%]
-%]

180.2
(40.2)

2,849
154.8
1,118(40.4)
6,198million[(2,344)million[Diluted earnings
per share
YenYen31.39
11.21-(2) Consolidated Financial Position
Total assets
Million yen
As ofMarch 31, 2021
153,065
December 31, 2020
145,272(Note) Equity: As of March 31, 2021:¥
As of December 31, 2020:¥Net assets

Equity ratio

Net assets per share

Million yen%

Yen

86,84281,421
81,321million
76,360million

53.1
52.6

1,392.04
1,307.13

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end
Yen

Year-end

TotalYen

Yen

Yen

Yen

Fiscal year ended December 31, 2020
15.00
Fiscal year ending December 31, 2021
Fiscal year ending December 31, 2021(Forecast)
15.00(Note) Revision to the forecast for dividends announced most recently: No-

15.00

30.00

-15.00

30.00

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
Million yen%

Operating income Ordinary income

Net income
attributable toowners of parent

Million yen%

Million yen

%

Yen

47.1

2,600

73.6

44.50

18.1

6,400

21.3

109.53%

Million yen

Six months ended June 30,82,400
3.7
3,200
0.6
3,8002021
Full year
170,000
5.3
8,000 10.9
9,200(Note) Revision to the financial results forecast announced most recently: NoBasic earnings
per share* Notes:(1) Changes in significant subsidiaries during the three months ended March 31, 2021
(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:

NoNoNoNo(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, 2021:
62,601,161shares
December 31, 2020:
62,601,161shares2) Total number of treasury shares at the end of the period:
March 31, 2021:
4,182,725shares
December 31, 2020:
4,182,625shares
3) Average number of shares during the period:
Three months ended March 31, 2021:
Three months ended March 31, 2020:

58,418,461shares
58,398,908shares*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 reasonableassumption to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ fromthese forecasts by a variety of reasons.
*Supplementary information will be disclosed on TDnet on May 14, 2021 and will be uploaded on the Company's website.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2020

As of March 31,2021

AssetsCurrent assets
Cash and deposits

12,427

11,683

Notes and accounts receivable - trade

43,08346,055Merchandise and finished goods
Work in process

10,462
1,119

11,103
1,198

Raw materials and supplies

9,602

11,543

Other

1,542

1,946

Allowance for doubtful accounts(596)(598)77,640

82,932

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

16,134
9,282

16,8609,837

Land
Leased assets, net

8,847
414

9,268
370

Construction in progress
Other, net

3,514
2,144

4,525
2,241

Total property, plant and equipment

40,338

43,104

Other

501
206

489
377

Total intangible assets

707

866

Investment securities

25,176

24,733

Other

1,824

1,874

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

Intangible assets
Goodwill

Investments and other assets

Allowance for doubtful accounts(414)(447)Total investments and other assets

26,586

26,161

Total non-current assets
Total assets- 1 -67,632

70,132

145,272

153,065

(Million yen)
As of December 31,2020

As of March 31,2021

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

16,376
11,30918,974
9,653

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

4,533
2,771

3,484
2,651

Accrued expenses
Income taxes payable

3,563
614

3,819
829

Provision for bonuses
Other555
2,590

953
2,716

Total current liabilities

42,31543,080-1,000

Long-term loans payable
Retirement benefit liability

9,754
4,940

9,777
4,945

Asset retirement obligations
Other

71
6,768

72
7,347

Total non-current liabilities

21,53523,142

63,85066,222

Non-current liabilities
Bonds payable

Total liabilities
Net assets
Shareholders' equity
Capital stock

7,472

7,472

Capital surplus
Retained earnings

5,672
73,918

5,672
74,743

Treasury shares(4,027)(4,028)

Total shareholders' equity

83,03583,860

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

1,652
(0)

2,177
(1)

Foreign currency translation adjustment
Remeasurements of defined benefit plans(7,281)(1,045)(3,699)(1,016)

Total accumulated other comprehensive income(6,674)(2,539)

Accumulated other comprehensive income

Non-controlling interests

5,060

5,521

Total net assets

81,421

86,842

145,272

153,065

Total liabilities and net assets- 2 -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 31,2020

For the three months
ended March 31,2021

Net sales

41,26943,223

Cost of sales

32,02733,131Gross profit

9,242

10,092

Selling, general and administrative expenses

7,334

7,319

Operating income

1,908

2,772

Interest income
Dividend income

21
110

18110

Equity in earnings of affiliates
Other

20113

305
107

Total non-operating income

266

541

Interest expenses

65

49

Foreign exchange losses

969
22382
32

Non-operating income

Non-operating expenses

OtherTotal non-operating expenses

1,057

464

1,1182,849

Loss on sales of property, plant and equipment
Loss on valuation of investment securities

322-

Expense on restructuring of organization

53-

Total extraordinary losses

56

22

Income before income taxes

1,061

2,827

Income taxes - current
Income taxes - deferred

582
(202)

790
28

Total income taxes

379

819

Net income

681

2,007

Ordinary income
Extraordinary losses

Net income attributable to non-controlling interests

27

174

Net income attributable to owners of parent

654

1,833

- 3 -

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended March 31,2020
Net income
Other comprehensive income

For the three months
ended March 31,2021

681

2,007(1,547)

465

-(0)

(1,035)2,714

1629(459)983(3,025)

4,191(2,344)

6,198

Comprehensive income attributable to owners of parent(2,222)

5,738

Comprehensive income attributable to non-controllinginterests

(121)

460

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
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 to- 4 -