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 Six Months Ended June 30, 2021 [Japanese GAAP]

August 11, 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:
August 11, 2021
Scheduled date of commencing dividend payments:
September 3, 2021
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session:
Yes(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended June 30, 2021 (January 1, 2021 to June 30, 2021)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales

Operating income

Six months ended
Million yen%
Million yen%
June 30, 2021
88,676
11.6
5,045
58.6
June 30, 2020
79,472
(4.4)
3,181
4.3
(Note) Comprehensive income: Six months ended June 30, 2021:
Six months ended June 30, 2020
Basic earnings
per share
Six months ended
June 30, 2021
June 30, 2020

Net income attributableto owners of parent

Ordinary income
Million yen%

Million yen

5,852
126.5
2,583
(30.5)
8,460million[(1,370)million[¥¥

4,039
1,497-%]
-%]

%

169.7
(37.2)

Diluted earningsper share
Yen

Yen

69.14
25.65

-(2) Consolidated Financial Position
Total assets
As ofMillion yen
June 30, 2021
156,290
December 31, 2020
145,272(Note) Equity: As of June 30, 2021:¥
As of December 31, 2020:¥Net assets

Equity ratio

Million yen%

89,04381,421
83,472million
76,360million

53.4
52.6

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

Yen

Yen

Fiscal year ended December 31, 2020
15.00
Fiscal year ending December 31, 2021
15.00
Fiscal year ending December 31, 2021 (Forecast)(Note) Revision to the forecast for dividends announced most recently: NoYear-endYen

TotalYen-

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
Basic earnings
attributable toper shareowners of parent

Million yen

Million yen%

Million yen%

Full year
179,000 10.8
9,000 24.8
10,300 32.2
(Note) Revision to the financial results forecast announced most recently: Yes

7,300%

38.4

Yen124.94

* Notes:(1) Changes in significant subsidiaries during the six months ended June 30, 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):
June 30, 2021:
62,601,161shares
December 31, 2020:
62,601,161shares2) Total number of treasury shares at the end of the period:
June 30, 2021:
4,164,358shares
December 31, 2020:
4,182,625shares
3) Average number of shares during the period:
Six months ended June 30, 2021:
Six months ended June 30, 2020:58,426,329shares
58,407,601shares* 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 August 11, 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 June 30,2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

12,42743,083

12,18847,341

Merchandise and finished goods
Work in process

10,462
1,119

11,496
1,258

Raw materials and supplies

9,602

12,225

Other

1,542

1,994

Allowance for doubtful accounts

(596)

(563)

77,64085,942

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

16,134
9,282

16,5959,640

Land
Leased assets, net
Construction in progress
Other, net

8,847
414
3,514
2,144

9,284
377
5,071
2,221

Total property, plant and equipment

40,33843,190Goodwill

501

530

Other

206

508

Total intangible assets

707

1,038

25,176
1,824

24,574
1,989

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

Intangible assets

Investments and other assets
Investment securities
Other
Allowance for doubtful accounts

(414)

(444)

Total investments and other assets

26,586

26,118

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

70,348145,272

156,290

(Million yen)
As of December 31,2020

As of June 30,2021

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

16,376
11,3094,533

19,562
10,665
4,084

Current portion of long-term borrowings
Accrued expenses

2,771
3,563

3,490
3,714

Income taxes payable
Provision for bonuses
Other614
555
2,375

725
550
2,646

Total current liabilities

42,31545,438‐Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability

9,754
4,940

1,000
8,275
4,936

Asset retirement obligations
Other71
6,768

72
7,522

Total non-current liabilities

21,53521,80763,85067,246

Shareholders' equity
Capital stock

7,472

7,472

Capital surplus

5,672

5,675

Retained earnings
Treasury shares

73,918(4,027)76,949(4,010)Total shareholders' equity

83,03586,087

Valuation difference on available-for-sale securities

1,652

1,998

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans(0)(7,281)(1,045)(1)(3,653)(958)

Total accumulated other comprehensive income(6,674)(2,614)

Total liabilities
Net assets

Accumulated other comprehensive income

Non-controlling interests

5,060

5,571

Total net assets

81,421

89,043

145,272

156,290

Total liabilities and net assets- 2 -Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended June 30,2020

For the six months
ended June 30,2021

Net sales

79,472

88,676Cost of sales

62,03768,928Gross profit

17,434

19,747

Selling, general and administrative expenses

14,252

14,701

Operating income

3,181

5,045

Interest income
Dividend income

45
174

38
167

Real estate rent
Equity in earnings of affiliates

95-90
542

Other

115

135

Total non-operating income

431

974

Interest expenses

130

113

Equity in losses of affiliates

249-

Foreign exchange losses
Other

616
33

54

Non-operating income

Non-operating expenses

Total non-operating expenses

1,029

168

2,583

5,852

Gain on sales of investment securities-71

Total extraordinary income-71-

22

358-

Ordinary income
Extraordinary income

Extraordinary losses
Loss on sales of property, plant and equipment
Loss on valuation of investment securities
Expense on restructuring of organization
Total extraordinary losses

61

22

Income before income taxes

2,522

5,901

Income taxes - current

936
(109)

1,340
190

827

1,530

1,695

4,370

Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent- 3 -197

331

1,497

4,039Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended June 30,2020

For the six months
ended June 30,2021

Net income

1,695

4,370

Other comprehensive income
Valuation difference on available-for-sale securities(1,411)

215

(0)

(1)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax(1,321)
60

2,747
86

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

(393)

1,041

(3,066)

4,089(1,370)8,460(1,453)

7,869

82590

Deferred gains or losses on hedges

Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 4 -Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months
ended June 30,2020
Cash flows from operating activities
Income before income taxes
Depreciation and amortization

For the six months
ended June 30,2021

2,522
2,204

5,901
2,148

Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts

42116

42(56)

Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for bonuses

133
2(8)
(9)

Interest and dividend income
Interest expenses(220)
130(205)
113

Equity in (earnings) losses of affiliates

249
‐

(542)

Loss (gain) on sales of property, plant and equipment
Loss (gain) on sales of investment securities

-22
(71)

358
3,694

(2,542)(2,066)(2,023)(3,715)

1,734

Other, net(0)(773)

Subtotal

3,154

3,730

Interest and dividend income received
Interest expences paid

384
(137)

376
(118)

Income taxes paid(777)(1,319)Net cash provided by (used in) operating activities

2,623

2,669(1,668)
0(2,580)(2,435)163(10)

Loss (gain) on valuation of investment securities
Expense on restructuring of organization
Decrease (increase) in notes and accounts receivable - trade

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade
including electronically recorded obigations - operating

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities-154

Payments of loans receivable

(20)

(23)

Collection of loans receivable
Other, net

25(43)

22(260)(4,286)(2,388)Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

3,507
4,040(649)
1,043

Repayments of long-term loans payable(1,317)‐(2,011)

Net cash provided by (used in) investing activities
Cash flows from financing activities

Proceeds from issuance of bonds
Cash dividends paid(875)

1,000(876)

Dividends paid to non-controlling interests

(167)

(79)

Other, net

(122)

(119)

Net cash provided by (used in) financing activities

5,064(1,692)

Effect of exchange rate change on cash and cash equivalents

(499)

656

Net increase (decrease) in cash and cash equivalents

2,901

(755)

Cash and cash equivalents at beginning of period

9,361

11,678

Increase (decrease) in cash and cash equivalents
resulting from change of scope of consolidation-429

12,263

11,352

Cash and cash equivalents at end of period- 5 -