Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

Financial Results for the Fiscal Year Ended March 31, 2022 [Japan GAAP] (Consolidated)
May 13, 2022
Company Name:
Securities Code:
Representative:

ASAHI KOGYOSHA CO., LTD.
1975
(Title)President and Representative
Director
Contact:(Title)Director, Vice President, Executive
Officer, and General Manager ofGeneral Affairs Division
Scheduled date of annual meeting of shareholders:
Scheduled commencement date of dividends payment:
Scheduled filing date of the securities report:
Preparation of supplementary materials for financial results:
Convening financial results briefing:

Exchange listed on:
Tokyo Stock Exchange
URL
https://www.asahikogyosha.co.jp(Name) Yasutomo Takasu(Name)

Michiya Kameda(TEL) 03-6452-8182

June 29, 2022
June 30, 2022
June 29, 2022
YesYes(Amounts rounded down to the nearest millions of yen.)

1. Consolidated Results for the Fiscal Year Ended March 2022 (from April 1, 2021 to March 31, 2022)(1) Consolidated Operating Results(Percentages represent comparison changes from the previous year.)
Net income attributable
Operating income
Ordinary income
to the parent company’s
shareholders

Net sales
Fiscal year ended March2022
Fiscal year ended March2021(Note) Comprehensive income:million yen%

million yen%million yen%million yen%

68,820

(2.3)

2,287

2.3

2,596

4.4

1,860

2.1

(36.0)
1,821(65.4%)
160.0%)(21.5)

70,435(32.3)
2,235
Fiscal year ended March 2022
Fiscal year ended March 2021

Net income pershare

Net income toshareholders
equityNet income pershare – dilutedyen

Fiscal year ended March2022
Fiscal year ended March2021(Reference) Equity method
investment gain (loss):(39.0)
2,486
1,291 million yen
3,733 million yenyen

Ordinary income
to assets

Operating income
to net sales%%%

145.11

-

5.5

3.6

3.3

142.38

-

5.7

3.3

3.2

Fiscal year ended March 2022 - million yen
Fiscal year ended March 2021 - million yen(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net income per share” wascalculated assuming that the stock split was conducted at the beginning of the previous consolidated fiscal year.

(2) Consolidated Financial Positions
Total assets
Fiscal year ended March2022
Fiscal year ended March2021(Note) Shareholders’ equity:

Shareholders’ equity
ratio

Net assets

Net assets per share

million yen

million yen%

yen

72,08134,36047.7

2,678.31

71,50033,66647.1
2,629.90
Fiscal year ended March 2022 34,360 million yen
Fiscal year ended March 2021 33,666 million yen(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net assets per share” wascalculated assuming that the stock split was conducted at the beginning of the previous consolidated fiscal year.

1(3)Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended March2022
Fiscal year ended March
2021

2.

Cash flows frominvesting activities

Cash and cash
equivalents at end ofperiod

Cash flows fromfinancing activities

million yen

million yen

million yen

million yen

4,648

89

(1,297)

19,390(1,459)(170)(1,453)

15,919Dividends
Annual dividends
End of Q1 End of Q2 End of Q3 End of Q4
yenyenFiscal year ended March2021
Fiscal year ended March2022
Fiscal year ending March2023 (forecast)(Notes) 1. Breakdown of dividends
End of Q2 for fiscal year ended
March 2021
End of Q2 for fiscal year ended
March 2022
End of Q2 for fiscal year ending
March 2023 (forecast)yen

Dividend
Total
dividends payout ratio(Total) (consolidated)

Total

Ratio ofdividends tonet assets(consolidated)yenyenmillion yen%%

50.00-50.00100.00

640

35.1

2.0

50.00

-70.00120.00

769

41.3

2.3

25.00

-25.0050.00

Ordinary
dividends
Ordinary
dividends
Ordinary
dividends

50.00 yen
50.00 yen
25.00 yen

End of fiscal year ended
March 2021
End of fiscal year ended
March 2022
End of fiscal year ending
March 2023 (forecast)

32.1

Ordinary
dividends
Ordinary
dividends
Ordinary
dividends

50.00 yen
Specialdividends

50.00 yen

20.00 yen

25.00 yen

2. The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. The amounts for the fiscal year
ended March 2021 and the fiscal year ended March 2022 are the actual dividend amounts prior to the stock split. For thefiscal year ending March 2023 (forecast), the amount of dividends after this stock split is shown.

3.

Forecast of Consolidated Results for the Fiscal Year Ending March 2023 (from April 1, 2022 to March 31, 2023)(Percentages represent comparison changes from the previous year.)
Net income
attributable to theNet income per share
Operating income
Ordinary income
parent company’s
shareholders

Net sales
million yen%million yen%million yen%million yen%

yen

Full year
79,600
15.7
2,600
13.6
2,800
7.9
2,000
7.5
155.89(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net income per share” in theforecast for consolidated results for the fiscal year ending March 2023 takes into account the effect of this stock split.

*Notes
(1)
(2)

(3)

Changes in major subsidiaries during the fiscal year under review (Change in specificsubsidiaries that will accompany a change in scope of consolidation)
Change in accounting policies or estimates and retrospective restatements
1)
Change in accounting policies in accordance with revision of accounting standards
2)
Change in accounting policies other than item 1) above
3)
Change in accounting estimates
4)
Retrospective restatements:

None:::
:

Yes
Yes
None
None

Number of shares issued (common shares)

Fiscal year
13,600,000 Fiscal year
13,600,000
ended March
shares ended March
shares2022
2021
Fiscal year
770,822 shares Fiscal year
798,538 shares
2)
Number of treasury shares at the end of theended March
ended Marchperiod
2022
2021
Fiscal year
12,820,405 Fiscal year
12,791,8063)
Average number of shares issued during theended March
shares ended March
sharesperiod
2022
2021
(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Number of shares issued at the endof the period,” “Number of treasury shares at the end of the period,” and “Average number of shares issued during the period”
were calculated assuming that the stock split was conducted at the beginning of the previous consolidated fiscal year.
1)

Number of shares issued at the end of theperiod (including treasury shares)2

(Reference) Summary of Non-Consolidated Financial Results1.
Non-Consolidated Results for the Fiscal Year Ended March 2022 (from April 1, 2021 to March 31, 2022)(1) Non-Consolidated Operating Results(Percentages represent comparison changes from the previous year.)
Operating income
Ordinary income
Net income

Net sales
Fiscal year ended March2022
Fiscal year ended March
2021

million yen%

million yen%million yen%million yen%

67,297(2.4)

2,155(2.4)

2,433(1.8)

1,760(3.6)

68,968(32.0)

2,207(37.9)

2,477(34.2)

1,826(18.3)

Net income pershare

Net income pershare – dilutedyenyen

Fiscal year ended March2022
137.29Fiscal year ended March
2021
142.75(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net income per share” wascalculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

(2) Non-Consolidated Financial Position
Total assets
Fiscal year ended March2022
Fiscal year ended March2021(Note) Shareholders’ equity:

Shareholders’ equity
ratio

Net assets

Net assets per share

million yen

million yen%

yen

70,65033,86047.9

2,639.31

70,30533,29947.4
2,601.26
Fiscal year ended March 2022 33,856 million yen
Fiscal year ended March 2021 33,299 million yen(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net assets per share” wascalculated assuming that the stock split was conducted at the beginning of the previous fiscal year.

2.

Forecast of Non-Consolidated Results for the Fiscal Year Ending March 2023 (from April 1, 2022 to March 31,2023)(Percentages represent comparison changes from the previous year.)
Operating income
Ordinary income
Net income
Net income per share

Net sales
million yen%

million yen%

million yen%million yen%

yen

Full year
77,000
14.4
2,500
16.0
2,700
11.0
1,950
10.8
152.00(Note) The shares of common stock were split at a ratio of 2 shares for 1 share on April 1, 2022. “Net income per share” in theforecast for non-consolidated results for the fiscal year ending March 2023 takes into account the effect of this stock split.
*Financial results are not subject to audit procedures by a certified public accountant or audit firm.

*Explanation of appropriate use of operating results forecasts and other special notes
The forward-looking statements in this document, including earnings forecasts, are based on information currently available tothe Company and certain assumptions that the Company deems reasonable, and are not intended as a guarantee that the Company
will be achieve the targets. Actual results may differ significantly due to various factors.

3