English translation from the original Japanese- language document, "KESSAN TANSHIN" (Summary for reference only)

Financial Results for the Second Quarter Ended September 30, 2023

October 31, 2023

SHIMA SEIKI MFG., LTD.

Stock listings: Tokyo Stock Exchange (Prime)

Code number: 6222

URL: https://www.shimaseiki.co.jp/

Representative: Mitsuhiro Shima, President

(Amounts less than one million yen are omitted)

1. Consolidated financial results for the second quarter ended September 30, 2023

(April 1, 2023 - September 30, 2023)

(1) Consolidated operating results (cumulative)

(%: change from the same period of previous year)

Net sales

Operating

Ordinary

Net income

income

income

attributable to owners

of the parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Six months ended

19,169

7.0

367

564

368

September 30, 2023

Six months ended

17,918

13.3

-435

-207

-511

September 30, 2022

(Notes) Comprehensive income

Six months ended September 30, 2023: 4,373 million yen (-2.6%)

Six months ended September 30, 2022: 4,488 million yen (%)

Net income

Diluted

net income

per share

per share

Yen

Yen

Six months ended

10.68

10.68

September 30, 2023

Six months ended

-14.83

September 30, 2022

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of September 30, 2023

104,331

90,312

86.5

As of March 31, 2023

101,040

86,107

85.2

(Reference) Shareholders' equity

As of September 30, 2023: 90,275 million yen

As of March 31, 2023: 86,068 million yen

2. Dividends

Cash dividends per share

1st quarter

2nd quarter

3rd quarter

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2022

5.00

5.00

10.00

Year ending March 31, 2023

5.00

Year ending March 31, 2024 (forecast)

(Notes) Changes from the latest dividend forecast: None

-1-

3. Forecast of consolidated financial results for the year ending March 31, 2023 (April 1, 2023 - March 31, 2024)

Net sales

Operating

Ordinary

Net income

Net income

attributable

to owners

income

income

of the

parent

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

43,000

13.5

1,000

1,700

1,200

34.77

(Notes) Changes from the latest consolidated results forecast: None

* Notes

  1. Changes in significant subsidiaries during the period: None
  2. Adoption of specific accounting methods: Yes
  3. Changes in accounting policies and accounting estimates and restatement
    1. Changes in accounting policies due to amendment of accounting standards: None
    2. Changes in accounting policies other than those above: None
    3. Changes in accounting estimates: None
    4. Restatement: None
  4. Number of outstanding shares (common stock)
    1. Number of shares outstanding at the end of the period (including treasury stock)

As of September 30, 2023: 35,800,000

As of March 31, 2023: 35,800,000

2) Number of treasury stock at the end of the period

As of September 30, 2023: 1,283,381

As of March 31, 2023: 1,285,731

  1. Average number of shares outstanding during the period Six months ended September 30, 2023: 34,515,483 Six months ended September 30, 2022: 34,514,604

* Quarterly summary of financial statements is not subject to the quarterly reviews by a certified public accountant or an audit corporation.

* Forward-looking statements

Statements contained in this summary regarding the Company's plans, strategies, and expectations for future performance, which are based on information available to the Company at the time of writing. They are therefore subject to a number of uncertainties and unknowable factors, and actual results may thus differ substantially from those projected.

-2-

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Shima Seiki Mfg Ltd. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 06:24:10 UTC.