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, 2022 [Japanese GAAP]

August 10, 2022
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 10, 2022
Scheduled date of commencing dividend payments:
September 2, 2022
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, 2022 (January 1, 2022 to June 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales

Operating income

Six months ended
Million yen%
Million yen%
June 30, 2022
103,53316.8
2,028(59.8)
June 30, 2021
88,676
(4.4)
5,045
4.3
(Note) Comprehensive income: Six months ended June 30, 2022:
Six months ended June 30, 2021:
Basic earnings
per share

Net income attributableto owners of parent

Ordinary income
Million yen%

Million yen

2,503(57.2)
5,852(30.5)
12,313million[8,460million[¥¥

2,400
4,03945.5%]-%]%(40.6)(37.2)

Diluted earnings
per share

Six months endedYenYen
June 30, 2022
42.84
June 30, 2021
69.14
(Note) The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the firstquarter of the fiscal year ending June 30, 2022, is the figure after applying the accounting standard and relevant ASBJ
regulations.
(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
As ofMillion yen
Million yen%
June 30, 2022
183,130
95,233
48.4
December 31, 2021
166,899
92,46551.8(Note) Equity: As of June 30, 2022:¥88,572million
As of December 31, 2021:¥86,379million(Note) The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,2020) and relevant ASBJ regulations from the beginning of the first quarter under review, and each figure for the firstquarter of the fiscal year ending June 30, 2022, is the figure after applying the accounting standard and relevant ASBJ
regulations.
2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end
Yen

Yen

Yen

Fiscal year ended December 31, 2021
15.00
Fiscal year ending December 31, 2022
15.00
Fiscal year ending December 31, 2022 (Forecast)(Note) Revision to the forecast for dividends announced most recently: NoYear-end
Yen

Total
Yen

-

15.00

30.00

-

15.00

30.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2022 (January 1, 2022 to December
31, 2022)(% 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
221,000 21.8
5,000 (32.6)
5,800 (31.8)(Note) Revision to the financial results forecast announced most recently: Yes

4,700%

(4.7)

Yen

88.24

* 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:

YesNo
NoNo

(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, 2022:
54,172,361shares
December 31, 2021:
62,601,161shares2) Total number of treasury shares at the end of the period:June 30, 2022:
4,143,284shares
December 31, 2021:
4,164,408shares
3) Average number of shares during the period:
Six months ended June 30, 2022:
Six months ended June 30, 2021:

56,037,577shares
58,426,329shares* 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 10, 2022 and will be uploaded on the Company'swebsite.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of December 31,2021

As of June 30,2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

12,68449,363

10,94354,963Merchandise and finished goods
Work in process

12,802
1,227

16,344
1,526

Raw materials and supplies

14,562

18,818

Other

2,785

3,310

Allowance for doubtful accounts

(566)

(626)

92,860105,279

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

19,642
10,293

20,731
11,088Land
Leased assets, net
Construction in progress
Other, net

9,396
343
3,055
2,588

9,669
254
3,919
4,207

Total property, plant and equipment

45,32049,870Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

453

515

Other374

1,351

Total intangible assets

827

1,866

25,6983,174

23,9293,253

Allowance for doubtful accounts(981)(1,069)Total investments and other assets

27,89026,113

Investments and other assets
Investment securities
OtherTotal non-current assets
Total assets- 1 -74,03977,850166,899

183,130

(Million yen)
As of December 31,2021

As of June 30,2022

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

23,01013,234
5,133

25,494
11,37016,622Current portion of long-term borrowings
Accrued expenses

5,334
4,156

3,7384,455

Income taxes payable
Provision for bonuses
Other

791
612
2,983

788
601
3,089

Total current liabilities

55,25866,160Bonds payable
Long-term borrowings
Retirement benefit liability

1,000
5,557
4,981

1,000
6,691
5,025

Asset retirement obligations
Other

73
7,563

73
8,945

Total non-current liabilities

19,176

21,73674,43487,896

Shareholders' equity
Capital stock

7,472

7,472

Capital surplus

5,675

5,672

Retained earnings
Treasury shares

76,967(4,010)70,325(4,015)

Total shareholders' equity

86,10479,456Valuation difference on available-for-sale securities

2,106

1,122

Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans(2)(1,606)
(222)

0
8,160
(167)

275

9,115

Non-current liabilities

Total liabilities
Net assets

Accumulated other comprehensive income

Total accumulated other comprehensive income
Non-controlling interests

6,085

6,661

Total net assets

92,465

95,233

166,899

183,130

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 30,2021

For the six months
ended June 30,2022

Net sales

88,676

103,533

Cost of sales

68,92884,454Gross profit

19,747

19,078Selling, general and administrative expenses

14,701

17,050Operating income

5,045

2,028

Interest income
Dividend income

38
167

25172

Equity in earnings of affiliates
Other542
226

331
225

Total non-operating income

974

755

Interest expenses
Foreign exchange losses

113-187
62

Other5430

Non-operating income

Non-operating expensesTotal non-operating expenses

168

280

5,852

2,503

Gain on sales of investment securities

71

1,442

Total extraordinary income

71

1,442

Loss on sales of non-current assets

22-

Total extraordinary losses

22-

Income before income taxes

5,901

3,945

Income taxes - current
Income taxes - deferred

1,340
190

1,183
247

Total income taxes

1,530

1,431

Net income

4,370

2,514

331

113

4,039

2,400

Ordinary income
Extraordinary income

Extraordinary losses

Net income attributable to non-controlling interests
Net income attributable to owners of parent- 3 -Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended June 30,2021
Net income

For the six months
ended June 30,2022

4,370

2,514

215

(919)

(1)

3

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

2,747
86

8,082
57

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

1,041

2,575

Total other comprehensive income

4,089

9,799

8,460

12,313Comprehensive income attributable to owners of parent

7,869

11,241

Comprehensive income attributable to non-controllinginterests

590

1,072

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

Comprehensive income
Comprehensive income attributable to- 4 -Quarterly Consolidated Statements of Cash Flows(Million yen)
For the six months
ended June 30,2021
Cash flows from operating activities
Income before income taxes
Depreciation and amortization

For the six months
ended June 30,2022

5,901
2,148

3,945
2,334

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

42(56)

518Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for bonuses

(8)
(9)

(55)
(20)

Interest and dividend income
Interest expenses

(205)
113

(198)
187

Equity in (earnings) losses of affiliates

(542)

(331)

Loss (gain) on sales of non-current assets
Loss (gain) on sales of investment securities

22
(71)

(1,442)(2,542)(2,023)(813)(3,585)

1,734(2,381)

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
Other, net

(773)

(34)

Subtotal

3,730(2,335)Interest and dividend income received

376
(118)

371
(191)

Income taxes paid

(1,319)(992)

Net cash provided by (used in) operating activities

2,669(3,147)

Interest expences paid

Cash flows from investing activities
Purchase of property, plant and equipment(2,435)(2,407)

Proceeds from sales of property, plant and equipment

163

8

Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities

(230)
(10)
154

(1,052)(15)
4,628

Payments of loans receivable

(23)

(16)

Collection of loans receivable

22

29

Other, net

(29)

381

(2,388)

1,555

Net cash provided by (used in) investing activities- 5 -(Million yen)
For the six months
ended June 30,2021

For the six months
ended June 30,2022

Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

(649)
1,043

10,051
1,581

Repayments of long-term loans payable
Proceeds from issuance of bonds
Proceeds from share issuance to non-controlling(2,011)1,000(2,553)-

shareholders
Cash dividends paid-

146(876)(876)

Dividends paid to non-controlling interests

(79)

(642)

Purchase of treasury shares
Other, net(119)(8,192)(114)(1,692)(600)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

656

603

Net increase (decrease) in cash and cash equivalents(755)(1,589)Cash and cash equivalents at beginning of period

11,678

12,115

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

429-

11,352

10,525

Cash and cash equivalents at end of period- 6 -