Metal One Corporation and Subsidiaries
Financial Results for the Year Ended March 2021

18th Term(April 1, 2020 to March 31, 2021)

June 9, 2021
7-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Metal One Corporation

Metal One Corporation

Consolidated Statement of Financial Position (Unaudited IFRS Results)(¥ million)
AssetsItem
Current assets

Liabilities

Previous fiscal year

Current fiscal year

(March 31, 2020)(March 31, 2021)

746,721

Change(amount)

Item666,398-80,323

Current liabilities

Previous fiscal year

Current fiscal year

(March 31, 2020)(March 31, 2021)

Change(amount)

513,296

417,970-95,326

Cash and cash equivalents

31,41917,731-13,688

Borrowings

254,341

146,441-107,900

Trade and other receivables

468,315

431,525-36,790

Trade and other payables

234,303

246,587

12,284

Lease liabilities-1,384

Other financial assets

1,152

336

-816

4,905

3,521

224,291

190,291-34,000

Other financial liabilities

200

4,435

4,235

Advance payments to suppliers

5,852

11,1085,256

Advances from customers

6,664

3,459

-3,205

Assets classified as held for sale

53

―-53

Income tax payables

2,838

3,069

23115,639

15,407-232

Provisions

153

873

720

Other current liabilities

9,892

9,585

-307

90,907

81,524-9,38365,85457,827-8,027

780

896

116

10,568

8,673-1,895-12Inventories

Other current assets

Non-current assets

266,514242,024

Investments accounted for using theequity method

73,74468,443-5,301

Borrowings

Other investments

60,03747,150-12,887

Trade and other payables

Other financial assets

133

697

564

101,144

97,779-3,365

Other financial liabilities

21

9

2,613

2,697

84

940

837

-103

10,051

10,264

213

80

321

241

604,203499,494-104,709-1,538Property, plant and equipment-24,490

Non-current liabilities

Lease liabilities

Intangible assets and goodwill

11,653

11,440-213

Retirement benefit obligation

Right-of-use assets

15,29812,039-3,259Provisions

Deferred tax assets

1,901

1,862

-39

Deferred tax liabilities

Other non-current assets

2,604

2,614

10

Other non-current liabilities
Total liabilities

EquityEquity attributable to owners of the parent

374,000

372,462

Common stock

100,000

100,000-

Additional paid-in capital

51,07050,969-101

Other components of equity

21,33920,472-867

Other investments designated asFVTOCI
Exchange differences on translating
foreign operations

15,885
5,454

12,544
7,928-3,341
2,474

201,591

201,021-570

35,032

36,466

1,434

Total equity

409,032

408,928-104

Total liabilities and equity

1,013,235

908,422-104,813

Retained earnings
Non-controlling interests

Total assets

1,013,235

908,422-104,813

Metal One Corporation

Consolidated Statement of Income (Unaudited IFRS Results)(¥ million)
Item

Previous fiscal year

Current fiscal year

April 1, 2019 toMarch 31, 2020

April 1, 2020 toMarch 31, 2021

Year-on-year
Change(amount)

Change(percentage)

Sales*

2,045,774

1,666,492-379,282-18.5%

Gross profit

104,502

83,124-21,378-20.5%(Gross profit ratio)(5.1%)(5.0%)

Selling, general and administrative expenses-81,924-71,125

10,799-13.2%

288-1,323-1,611-

Operating income*

22,866

10,676-12,190-53.3%

Gains on investments
Gains (losses) on disposal and sale ofproperty, plant and equipment and others
Impairment losses on property, plant andequipment and others
Other income

4,756

555

-4,201-88.3%

382

3,209

2,827

740.1%-40-854-814

2035.0%

3,199

4,579

1,380

43.1%

Other expense-2,626-3,806-1,18044.9%

Finance income

2,008

1,605

-403

-20.1%

Finance costs
Share of profit of investments accounted
for using the equity method-5,940-3,1292,811-47.3%

4,671

2,857

-1,814-38.8%

Profit before tax

29,276

15,692-13,584-46.4%

Income taxes-7,257-6,600657-9.1%

Profit for the year

22,019

9,092-12,927-58.7%-12,928-66.2%

10.0%

Provision for doubtful accounts

Profit for the year attributable to owners of
19,5186,590
the parent
Profit for the year attributable to non2,501
2,502
controlling interests*Sales and Operating income have been disclosed in accordance with Japanese standards for presentation.