Sakata INX : Consolidated Financial Results for the Fiscal Year Ended December 31, 2022 （179KB）

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 Fiscal Year Ended December 31, 2022[Japanese GAAP]

Company name:	SAKATA INX CORPORATION	February 14, 2023
Stock exchange listing:	Tokyo
Code number:	4633
URL:	https://www.inx.co.jp/english/
Representative:	Yoshiaki Ueno	Representative Director, President & CEO
Contact:	Daisuke Sugahara	General Manager, Finance & Accounting Div.
Phone:	[phone]
Scheduled date of Annual General Meeting of Shareholders:	March 29, 2023
Scheduled date of commencing dividend payments:	March 30, 2023
Scheduled date of filing annual securities report:	March 29, 2023
Availability of supplementary briefing material on annual financial results:	Yes
Schedule of annual financial results briefing session:	Yes
		(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Fiscal Year Ended December 31, 2022 (January 1, 2022 to December 31, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
	Net sales		Operating income	Ordinary income	Net income attributable
		to owners of parent
Fiscal year ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
December 31, 2022	215,531		18.8	4,125	(44.4)	4,961	(41.7)	4,555	(7.7)
December 31, 2021	181,487		12.4	7,414	2.8	8,506	9.2	4,933	(6.5)

(Note) Comprehensive income: Fiscal year ended December 31, 2022: Fiscal year ended December 31, 2021:

¥	10,783million	[	(15.9)%]
¥	12,829million	[	597.4%]

	Basic earnings	Diluted earnings	Rate of return on	Ordinary income to	Operating income
	per share	per share	equity	total assets ratio	to net sales ratio
Fiscal year ended	Yen	Yen	%	%	%
December 31, 2022	85.52	-	5.3	2.9	1.9
December 31, 2021	84.43	-	6.1	5.5	4.1

(Note) Equity in earnings of affiliates: Fiscal year ended December 31, 2022: Fiscal year ended December 31, 2021:

• 997million
• 992million

(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 first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.

(2) Consolidated Financial Position

	Total assets		Net assets	Equity ratio	Net assets per share
As of	Million yen	Million yen	%	Yen
December 31, 2022	177,403	92,952	48.6	1,724.45
December 31, 2021	166,899	92,465	51.8	1,478.18
(Note) Equity: As of December 31, 2022:	¥	86,272million
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 first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.

(3) Consolidated Cash Flows

Cash flows from

operating activities

Cash flows from

investing activities

Cash flows from

financing activities

Cash and cash

equivalents at the end

of period

Fiscal year ended December 31, 2022 December 31, 2021

Million yen

4,945

7,556

Million yen

(1,666)

(5,352)

Million yen

(3,897)

(2,875)

Million yen

11,721

12,115

2. Dividends

			Annual dividends					Payout	Dividends
	1st		2nd		3rd						Total	ratio	to net
	quarter-		quarter-		quarter-		Year-end	Total	dividends	assets
				(consolidated)
	end		end		end									(consolidated)
Fiscal year ended	Yen		Yen		Yen			Yen	Yen		Million yen	%		%
December 31, 2021	-		15.00		-			15.00	30.00		1,752	35.5		2.2
December 31, 2022	-		15.00		-			15.00	30.00		1,500	35.1		1.9
Fiscal year ending	-		15.00		-			15.00	30.00			31.9
December 31, 2023(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023 (January 1, 2023 to December 31, 2023)

(% indicates changes from the previous corresponding period.)

Net sales

Operating

income

Ordinary

income

Net income

attributable to

owners of parent

Basic earnings

per share

Million yen

Six months ended June 30, 2023 109,000

Full year

222,000

% Million yen

5.3 2,300

3.0 6,000

%

13.4

45.4

Million yen

2,600

6,800

%

3.8

37.1

Million yen

1,700

4,700

%

(29.2)

3.2

Yen

33.98

93.93

* Notes:
(1)	Changes in significant subsidiaries during the period under review
	(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
(2)	Changes in accounting policies, changes in accounting estimates and retrospective restatement
	1)	Changes in accounting policies due to the revision of accounting standards:	Yes
	2)	Changes in accounting policies other than 1) above:	No
	3)	Changes in accounting estimates:	No
	4)	Retrospective restatement:	No

1. Total number of issued shares (common shares)
   1) Total number of issued shares at the end of the period (including treasury shares):

	December 31, 2022:	54,172,361shares
	December 31, 2021:	62,601,161shares
2)	Total number of treasury shares at the end of the period:
	December 31, 2022:	4,143,541shares
	December 31, 2021:	4,164,408shares
3)	Average number of shares during the period:
	Fiscal Year ended December 31, 2022:	53,264,337shares
	Fiscal Year ended December 31, 2021:	58,431,152shares

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended December 31, 2022 (January 1, 2022 to December 31,

2022)
(1) Non-consolidated Operating Results		(% indicates changes from the previous corresponding period.)
	Net sales		Operating income	Ordinary income	Net income
Fiscal year ended	Million yen		%	Million yen	%	Million yen	%	Million yen		%
December 31, 2022	66,142		0.3	534	(68.7)	3,239	(24.7)	3,846		13.7
December 31, 2021	65,938		7.7	1,708	124.4	4,304	50.9	3,382		22.9

Basic earnings

per share

Diluted earnings

per share

Fiscal year ended	Yen	Yen
December 31, 2022	72.21	-
December 31, 2021	57.89	-

(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 first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.

(2) Non-consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per share

As of	Million yen	Million yen	%	Yen
December 31, 2022	93,939	51,607	54.9	1,031.56
December 31, 2021	97,196	58,517	60.2	1,001.39
(Note) Equity: As of December 31, 2022:	¥	51,607million
As of December 31, 2021:	¥	58,517million

(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 first quarter of the fiscal year ending December 31, 2022, is the figure after applying the accounting standard and relevant ASBJ regulations.

*This consolidated financial results are not subject to audit 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 reasonable assumption to the Company, and we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.

*Supplementary information will be disclosed on TDnet on February 14, 2023 and will be uploaded on the Company's website.

Consolidated Financial Statements

Consolidated Balance Sheets

		(Million yen)
	As of December 31,2021	As of December 31,2022
Assets
Current assets
Cash and deposits	12,684	12,120
Notes and accounts receivable - trade	49,363	53,862
Merchandise and finished goods	12,802	13,164
Work in process	1,227	1,514
Raw materials and supplies	14,562	18,669
Other	2,785	2,394
Allowance for doubtful accounts	(566)	(575)
Total current assets	92,860	101,150
Non-current assets
Property, plant and equipment
Buildings and structures, net	19,642	19,858
Machinery, equipment and vehicles, net	10,293	10,391
Land	9,396	9,816
Leased assets, net	343	231
Construction in progress	3,055	3,814
Other, net	2,588	4,273
Total property, plant and equipment	45,320	48,385
Intangible assets
Goodwill	453	441
Other	374	1,901
Total intangible assets	827	2,342
Investments and other assets
Investment securities	25,698	23,942
Long-term loans receivable	46	32
Retirement benefit asset	803	19
Deferred tax assets	258	843
Other	2,065	1,696
Allowance for doubtful accounts	(981)	(1,010)
Total investments and other assets	27,890	25,524
Total non-current assets	74,039	76,252
Total assets	166,899	177,403

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		(Million yen)
	As of December 31,2021	As of December 31,2022
Liabilities
Current liabilities
Notes and accounts payable - trade	23,010	23,121
Electronically recorded obligations - operating	13,234	14,316
Short-term loans payable	5,133	11,046
Current portion of long-term loans payable	5,334	1,979
Lease obligations	193	647
Accrued expenses	4,156	4,656
Income taxes payable	791	524
Provision for bonuses	612	547
Other	2,790	2,303
Total current liabilities	55,258	59,143
Non-current liabilities
Bonds payable	1,000	1,000
Long-term loans payable	5,557	11,244
Lease obligations	561	1,337
Deferred tax liabilities	4,065	3,554
Retirement benefit liability	4,981	4,869
Asset retirement obligations	73	74
Other	2,936	3,226
Total non-current liabilities	19,176	25,307
Total liabilities	74,434	84,450
Net assets
Shareholders' equity
Capital stock	7,472	7,472
Capital surplus	5,675	5,672
Retained earnings	76,967	71,729
Treasury shares	(4,010)	(4,015)
Total shareholders' equity	86,104	80,859
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,106	1,111
Deferred gains or losses on hedges	(2)	(0)
Foreign currency translation adjustment	(1,606)	5,010
Remeasurements of defined benefit plans	(222)	(709)
Total accumulated other comprehensive income	275	5,412
Non-controlling interests	6,085	6,680
Total net assets	92,465	92,952
Total liabilities and net assets	166,899	177,403

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