Financial Results

for the Quarter

ended June 30, 2021

KITO CORPORATION

TSE 1st Section: 6409

August 5, 2021

Copyright © 2021 KITO CORPORATION All rights reserved.

FY2021 Q1 Summary

Overview

Full recovery of economic activity in the US and China in particular. Record-high for sales, and record high level for profit in all stages.

Business Results

JPY in million

FY2021-Q1

% Change from

% Change from

FY2020-Q1

FY2019-Q1

Sales

13,797

+37.2%

Op Income

992

+341.8%

Net Income *

660

ー

+4.1%

+18.4%

+101.8%

  • Net Income attributable to owners of parent Average FX rate USD/JPY ＝JPY 109.5
  • Demand increased quickly as economic activity recovered in the US and Europe.
  • Our Chinese operations remain strong, mainly on domestic demand.
  • A gentle recovery trend continues in Japan despite lagging vaccination rates.
  • Confusion in marine transport and rising materials costs will be important to watch as economic activity recovers.

Copyright © 2021 KITO CORPORATION All rights reserved.

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1

2

3

FY2021 1st Quarter Financial Results

FY2021 Forecast

Reference

  • Five Year Financial Results (FY2016 - FY2020)
  • Kito's Business

Copyright © 2021 KITO CORPORATION All rights reserved.

3

FY2021 Q1 Financial Highlight

JPY in million

FY2019

FY2020

FY2021

% change

Q1

Q1

Q1

FY20 / FY21

Sales

13,247

10,058

13,797

+37.2%

Gross Profit

4,931

3,576

4,735

+32.4%

Gross Profit/ Sales

37.2%

35.6%

34.3%

Operating Income

837

224

992

+341.8%

Operating Income / Sales

6.3%

2.2%

7.2%

Ordinary Income

587

222

972

+336.9%

Ordinary Income / Sales

4.4%

2.2%

7.0%

Net Income

327

(322)

660

ー

Net Income / Sales

2.5%

(3.2)%

4.8%

EBITDA

1,587

951

1,761

+85.2%

Op Income + Depreciation

Note: Exchange Rate (FY2020 Q1 → FY2021 Q1)

USD/JPY 107.6→109.5 CAD/JPY 77.7→89.2 EUR/JPY 118.5→132.0 RMB/JPY 15.6→16.4

Copyright © 2021 KITO CORPORATION All rights reserved.

4

Quarterly Net Sales and Operating Margin

Record-high Q1 sales due to demand recovery

JPY in million

Sales

Op Margin

20,000

25%

15,204 15,969

16,225

16,000

20%

13,24714,301

11,982

13,538

13,797

12,000

11.6%

10,058

12.8%

15%

9.4%

9.6%

9.1%

8,000

6.3%

8.5%

7.2%

10%

4,000

2.2%

5%

0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

0%

OP

837

1,339

1,769

1,526

224

1,022

1,728

1,481

992

income

FY2019

FY2020

FY2021 Fcst

Sales 58,722

Sales 51,805

Sales 55,000

Op Income 5,474

Op Income 4,457

Op Income 5,000

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Copyright © 2021 KITO CORPORATION All rights reserved.

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KITO Corporation published this content on 05 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2021 04:05:04 UTC.