Note: This document has been translated from a part of 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.

Consolidated Financial Results

for the First Three Months of the Fiscal Year

Ending March 31, 2023

(Under Japanese GAAP)

August 4, 2022

Company name:

Bunka Shutter Co., Ltd.

Listing:

Tokyo Stock Exchange

Securities code:

5930

URL:

https://www.bunka-s.co.jp/

Representative:

Hiroyuki Ogura, Representative Director and President

Inquiries:

Koichi Nishimura, Operating Officer and Manager of Accounting Department

TEL:

+81-3-5844-7200

Scheduled date to file quarterly securities report:

August 4, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results: None

Holding of quarterly financial results briefing:

None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the first three months of the fiscal year ending March 31, 2023 (from April 1, 2022 to June 30, 2022)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2022

39,117

(5.4)

(101)

-

(101)

-

(388)

-

June 30, 2021

41,339

-

(166)

-

(256)

-

(301)

-

Note: Comprehensive income

For the three months ended June 30, 2022:

¥69 million

[-%]

For the three months ended June 30, 2021:

¥1 million

[-%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2022

(5.79)

-

June 30, 2021

(4.24)

-

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

As of

Millions of yen

Millions of yen

%

June 30, 2022

169,232

81,237

47.9

March 31, 2022

169,205

82,512

48.7

Reference: Equity

As of June 30, 2022:

¥81,078 million

As of March 31, 2022:

¥82,353 million

- 1 -

2. Cash dividends

Annual dividends

First quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

20.00

-

20.00

40.00

March 31, 2022

Fiscal year ending

-

March 31, 2023

Fiscal year ending

21.00

-

21.00

42.00

March 31, 2023 (Forecast)

Note: Revisions to the cash dividends forecasts most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year changes.)

Profit attributable to

Basic

Net sales

Operating profit

Ordinary profit

earnings per

owners of parent

share

Millions of

%

Millions of

%

Millions of

%

Millions of

%

Yen

yen

yen

yen

yen

Six months ending

87,000

3.6

3,100

37.4

3,000

41.6

1,900

55.2

28.28

September 30, 2022

Fiscal year ending

192,000

5.3

11,200

23.0

11,600

27.7

8,000

19.3

119.09

March 31, 2023

Note: Revisions to the earnings forecasts most recently announced: None

- 2 -

* Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
  2. Application of special accounting treatment for preparing quarterly consolidated financial statements: Yes
  3. Changes in accounting policies, changes in accounting estimates, and restatement
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
    2. Changes in accounting policies due to other reasons: None
    3. Changes in accounting estimates: None
    4. Restatement: None
  5. Number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2022

72,196,487 shares

As of March 31, 2022

72,196,487 shares

(ii) Number of treasury shares at the end of the period

As of June 30, 2022

5,021,983

shares

As of March 31, 2022

5,021,981

shares

(iii) Average number of shares outstanding during the period

Three months ended June 30, 2022

67,174,505 shares

Three months ended June 30, 2021

71,003,326 shares

  • Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
  • Proper use of earnings forecasts, and other special matters (Caution regarding forward-looking statements and others)
    The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to Bunka Shutter Co., Ltd. (the "Company") and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.

- 3 -

Quarterly consolidated financial statements

(1) Quarterly consolidated balance sheet

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Assets

Current assets

Cash and deposits

36,454

37,024

Notes and accounts receivable - trade, and contract

40,740

33,467

assets

Electronically recorded monetary claims - operating

5,848

6,140

Merchandise and finished goods

8,484

11,071

Work in process

1,318

1,488

Raw materials and supplies

4,974

6,050

Other

2,729

5,311

Allowance for doubtful accounts

(114)

(118)

Total current assets

100,437

100,435

Non-current assets

Property, plant and equipment

Buildings and structures, net

10,849

10,777

Land

12,949

12,949

Other, net

9,953

10,135

Total property, plant and equipment

33,752

33,861

Intangible assets

Goodwill

4,021

4,356

Other

4,655

4,746

Total intangible assets

8,677

9,103

Investments and other assets

Investment securities

16,111

15,496

Retirement benefit asset

1,713

1,715

Other

8,755

8,870

Allowance for doubtful accounts

(241)

(250)

Total investments and other assets

26,338

25,831

Total non-current assets

68,768

68,797

Total assets

169,205

169,232

- 4 -

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade

16,892

16,806

Electronically recorded obligations - operating

16,208

16,572

Short-term borrowings

1,504

2,577

Income taxes payable

1,767

377

Provision for bonuses

3,809

1,961

Provision for bonuses for directors (and other

154

45

officers)

Provision for loss on construction contracts

289

334

Other

11,993

15,114

Total current liabilities

52,619

53,789

Non-current liabilities

Convertible-bond-type bonds with share acquisition

10,000

10,000

rights

Provision for retirement benefits for directors (and

253

244

other officers)

Retirement benefit liability

19,113

19,076

Asset retirement obligations

51

52

Other

4,654

4,833

Total non-current liabilities

34,073

34,206

Total liabilities

86,693

87,995

Net assets

Shareholders' equity

Share capital

15,051

15,051

Capital surplus

12,323

12,323

Retained earnings

57,555

55,822

Treasury shares

(5,157)

(5,157)

Total shareholders' equity

79,773

78,040

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2,975

2,645

Revaluation reserve for land

(76)

(46)

Foreign currency translation adjustment

(515)

275

Remeasurements of defined benefit plans

197

163

Total accumulated other comprehensive income

2,580

3,037

Non-controlling interests

158

159

Total net assets

82,512

81,237

Total liabilities and net assets

169,205

169,232

- 5 -

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Bunka Shutter Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 05:26:00 UTC.