Amada : Summary Report on the Consolidated Results for the Nine Months Ended December 31, 2022

Percentages indicate year-on-yearincrease (decrease).

Note: This English translation is solely for reference purposes and not a legally definitive translation of the original Japanese text. In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.

February 9, 2023

Consolidated Financial Results for the Nine Months Ended December 31, 2022

(IFRS)

AMADA CO., LTD. Listed on the Prime Market of the TSE Stock Code: 6113

(URL https://www.amada.co.jp) Representative: Tsutomu Isobe, President

Contact: Kazuhiko Miwa, Director, Managing Executive Officer, General Manager of Finance Division TEL: [phone]

Scheduled date to file quarterly securities report: February 9, 2023

Scheduled date to commence dividend payments: －

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing: Yes (for investment analysts and institutional investors)

(Amounts less than one million yen are truncated.)

1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (from April 1, 2022 to December 31, 2022)

(1) Operating Results (Cumulative)

	Revenue		Operating profit	Profit before tax	Profit		Profit attributable to
			owners of parent
	Millions of	%	Millions of	%	Millions of	%	Millions of	%	Millions of	%
	yen	yen	yen	yen	yen
Nine months ended December 31, 2022	258,905	19.2	35,000	31.8	34,346	20.9	24,252	19.1	24,039	19.0
Nine months ended December 31, 2021	217,158	26.5	26,552	40.2	28,412	35.0	20,360	47.1	20,201	47.1

Note: Comprehensive income:	Nine months ended December 31, 2022:	¥26,014	millions	(5.1) %
	Nine months ended December 31, 2021:	¥27,423	millions	51.8 %

	Basic earnings per	Diluted earnings per
	share	share
	Yen	Yen
Nine months ended December 31, 2022	69.15	－
Nine months ended December 31, 2021	58.11	－

(2) Financial Position

			Equity attributable to	Ratio of equity
	Total assets	Total equity	attributable to owners
	owners of parent
			of parent
	Millions of yen	Millions of yen	Millions of yen	%
As of December 31, 2022	623,003	494,894	490,621	78.8
As of March 31, 2022	614,439	484,034	479,788	78.1

2. Dividends

		Dividends per share
	First	Second	Third	Fiscal	Total
	quarter	quarter	quarter	year-end
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2022	－	17.00	－	21.00	38.00
Fiscal year ended March 31, 2023	－	22.00
Fiscal year ended March 31, 2023 (Forecast)			－	26.00	48.00

Note: Revision to dividend forecasts most recently announced: Yes

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year increase (decrease).

	Revenue		Operating profit	Profit attributable to	Basic earnings per
		owners of parent	share
	Millions of	%	Millions of	%	Millions of	%	Yen
	yen	yen	yen
Fiscal year ending March 31, 2023 (Forecast)	350,000	11.9	48,000	24.6	33,000	18.8	94.92
Note: Revision to consolidated financial forecasts most recently announced: None

4. Other Items

1. Changes in the scope of consolidation for significant subsidiaries during the nine months ended December 31, 2022: None (Changes in specified subsidiaries resulting in change in the scope of consolidation)
2. Changes in accounting policies and changes in accounting estimates:

1. Changes in accounting policies required by IFRS: None
2. Changes in accounting policies other than 1) above: None
3. Changes in accounting estimates: None

1. Number of shares issued (common stock)

1. Number of shares issued at end of period (including treasury shares)

	As of December 31, 2022	359,115,217	shares
	As of March 31, 2022	359,115,217	shares
2)	Number of treasury shares at end of period
	As of December 31, 2022	11,457,486	shares
	As of March 31, 2022	11,455,307	shares
3)	Average number of shares during period
	Nine months ended December 31, 2022	347,658,724	shares
	Nine months ended December 31, 2021	347,661,741	shares

*These quarterly consolidated financial results are outside the scope of the quarterly review procedures by a certified public accountant or an auditing firm. * Explanation regarding the appropriate use of financial results forecast and other special notes

The consolidated financial forecasts mentioned in this document and other forward-looking statements are based on information available to and on certain reasonable assumptions by the Company as of today. Accordingly, actual results may differ significantly from the forecasts herein due to various factors.

Condensed Quarterly Consolidated Financial Statements and Primary Notes

Condensed Quarterly Consolidated Statement of Financial Position

	(Millions of yen; amounts less than one million yen are truncated.)
Period		As of March 31, 2022	As of December 31, 2022
Item
(Assets)
Current assets:
Cash and cash equivalents		106,791	89,980
Trade and other receivables		123,468	119,109
Inventories		101,885	132,426
Other financial assets		23,388	24,586
Other current assets		8,598	10,334
Total current assets		364,132	376,436
Non-current assets:
Property, plant and equipment		164,429	175,573
Goodwill		6,251	6,392
Intangible assets		11,900	11,650
Investments accounted for using equity method		487	704
Other financial assets		52,834	32,993
Deferred tax assets		5,343	9,703
Other non-current assets		9,059	9,548
Total non-current assets		250,307	246,566
Total asset		614,439	623,003

		(Millions of yen; amounts less than one million yen are truncated.)
	Period		As of March 31, 2022	As of December 31, 2022
Item
(Liabilities and Equity)
Liabilities
Current liabilities:
Trade and other payables			58,828	58,421
Borrowings			4,822	4,497
Income taxes payable			9,120	6,134
Other financial liabilities			4,172	3,935
Provisions			2,076	2,170
Other current liabilities			32,635	34,633
Total current liabilities			111,655	109,793
Non-current liabilities:
Borrowings			2,244	884
Other financial liabilities			9,712	10,262
Retirement benefit liability			3,025	3,199
Provisions			7	7
Deferred tax liabilities			503	943
Other non-current liabilities			3,255	3,017
Total non-current liabilities			18,749	18,315
Total liabilities			130,405	128,109
Equity
Share capital			54,768	54,768
Capital surplus			143,883	143,883
Retained earnings			269,067	278,157
Treasury shares			(12,095)	(12,097)
Other components of equity			24,164	25,909
Total equity attributable to owners of parent			479,788	490,621
Non-controlling interests			4,246	4,273
Total equity			484,034	494,894
Total liabilities and equity			614,439	623,003

Condensed Quarterly Consolidated Statement of Profit or Loss

Nine months ended December 31, 2021 and 2022

(Millions of yen; amounts less than one million yen are truncated.)

Period	Nine months ended	Nine months ended
Item	December 31, 2021	December 31, 2022
Revenue	217,158	258,905
Cost of sales	(123,920)	(145,395)
Gross profit	93,237	113,510
Selling, general and administrative expenses	(67,396)	(79,030)
Other income	1,062	1,143
Other expenses	(350)	(622)
Operating profit	26,552	35,000
Finance income	2,320	2,250
Finance costs	(607)	(3,113)
Share of profit of investments accounted for using equity method	147	208
Profit before tax	28,412	34,346
Income tax expense	(8,052)	(10,094)
Profit	20,360	24,252
Profit attributable to:
Owners of parent	20,201	24,039
Non-controlling interests	159	212
Profit	20,360	24,252
Earnings per share
Basic earnings per share (Yen)	58.11	69.15
Diluted earnings per share (Yen)	－	－