Torishima Pump Mfg : RESULTS OF OPERATIONS FOR THE FIRST QUARTER ENDED JUNE 30,2022(CONSOLIDATED)(Japanese GAAP)

RESULTS OF OPERATIONS FOR

THE FIRST QUARTER ENDED JUNE 30, 2022 (CONSOLIDATED)

Listed company name:

(Japanese GAAP)

August 10, 2022

Torishima Pump Mfg. Co., Ltd.

Stock exchange listings:

Prime market of Tokyo Stock Exchange

URL:http://www.torishima.co.jp

Code number:

6363

Representative:

Kotaro Harada, President

Contact person:

Nobuhiro Takagi, General Manager of Accounting Department

Phone:

[phone]

August 12, 2022

Scheduled date of filing quarterly financial statements:

Scheduled date of starting dividend payment: -

Preparing supplementary material on quarterly financial results: Yes

Holding quarterly financial results presentation meeting:

No

Note: The amounts are rounded down to the nearest million.

1. Consolidated financial results of the first quarter ended June 30, 2022 (April 1, 2022 through June 30, 2022)

(1) Operating results

Millions of yen, except per share data

Net sales

Operating income

Ordinary income

Net income attributable

%

%

%

to owners of parent %

First quarter ended

11,036

△0.5

306

-

380

274.1

133

295.2

June 30, 2022

First quarter ended

11,094

-

5

-

101

-

33

-

June 30, 2021

Note: Comprehensive

income: (First quarter ended June 30, 2022) ¥ 452million (220.8%)

(First quarter ended June 30, 2021) ¥ 141 million (-%)

Net income per share

Net income per share-Diluted

First quarter ended June 30, 2022

5.05

5.04

First quarter ended June 30, 2021

Yen

Yen

1.28

1.28

Note: Effective from the beginning of the first quarter of the previous fiscal year, the Company has adopted

"Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. As a result of this change, since

the consolidated operating results for the first quarter ended June 30, 2021 follow this accounting standard,

etc., the percentage change from a comparable previous period is not stated.

(2) Financial position

Millions of yen, except per equity ratio

Total assets

Net assets

Equity Ratio

%

June 30, 2022

83,247

41,548

49.5

March 31, 2022

80,015

41,272

51.1

(Reference): Shareholders' equity: (June 30, 2022) ¥ 41,139 million

(March 31, 2022) ¥ 40,898 million

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2. Dividends

Dividends per share

End of 1Q

End of 2Q

End of 3Q

Fiscal year end

Annual

FY2021

Yen

Yen

Yen

Yen

Yen

-

16.00

-

26.00

42.00

FY2022

-

FY2022 (Forecast)

22.00

-

22.00

44.00

Note1: Revision of forecast for dividend

during this quarter: No

Millions of yen, except per share data

3. Forecast for fiscal year ending March 31, 2023

Net sales

Operating income

Ordinary income

attributableNet incometo

Net income

owners of parent

per share

Annual

62,000

%

5,000

%

5,000

%

3,700

%

Yen

18.7

12.5

△3.2

2.0

140.16

Note1: %

represents percentage

change from a comparable previous period

Note2: Revision of forecast during this quarter: No

Note3: Explanations for adequate utilization of the forecast, and other note

Forecast shown above is prepared based on information available as of the issuing date of this report and

assumptions that we consider as reasonable, and therefore the actual results may differ from these forecasted

figures due to various unknown factors.

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Consolidated quarterly financial statement		(Millions of yen)
(1) Consolidated quarterly balance sheet
Assets	As of March 31, 2022	As of June 30, 2022
Current assets
Cash and deposits	13,528	20,649
contractNotes andassetsaccounts receivable - trade, and	25,774	19,317
Merchandise and finished goods	281	279
Work in process	8,845	10,732
Raw materials and supplies	2,032	2,232
Advance payments to suppliers	1,169	1,231
Other	1,113	1,488
Allowance for doubtful accounts	△1,333	△1,388
Total current assets	51,411	54,543
Non-current assets
Property, plant and equipment	15,589	15,402
Intangible assets	759	751
Investments and other assets
Investment securities	10,510	10,328
Other	2,634	2,760
Allowance for doubtful accounts	△889	△539
Total investments and other assets	12,255	12,549
Total non-current assets	28,603	28,703
Total assets		80,015	83,247

- 3 -

Liabilities	As of March 31, 2022	As of June 30, 2022
		(Millions of yen)
Current liabilities
Notes and accounts payable - trade	10,630	10,570
Short-term borrowings	4,623	4,649
Income taxes payable	569	205
Contract liabilities	2,908	5,871
Provision for bonuses	986	511
Provision for product warranties	923	867
Provision for loss on construction contracts	546	605
Other	3,389	4,448
Total current liabilities	24,577	27,729
Non-current liabilities
Long-term borrowings	10,873	10,745
Deferred tax liabilities	1,283	1,233
(andProvisionotherforofficers)retirement benefits for directors	6	6
Retirement benefit liability	264	272
Other	1,737	1,710
Total non-current liabilities	14,165	13,969
Total liabilities	38,742	41,698
Net assets
Shareholders' equity
Share capital	1,592	1,592
Capital surplus	7,118	7,118
Retained earnings	30,725	30,656
Treasury shares	△2,008	△1,999

Total shareholders' equity

Accumulated other comprehensive income securitiesValuation difference on available-for-sale Deferred gains or losses on hedges

Foreign currency translation adjustment Remeasurements of defined benefit plans

37,428	37,368
2,342	2,247
△525	△694
929	1,523
722	694

Total accumulated other comprehensive income	3,470	3,771
Share acquisition rights	77	77
Non-controlling interests	296	331
Total net assets	41,272	41,548
Total liabilities and net assets		80,015	83,247

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Consolidated quarterly statement of (comprehensive) income		(Millions of yen)
Consolidated quarterly statement of income (April 1 - June 30, 2022)
	Three months ended	Three months ended
	June 30, 2021	June 30, 2022
Net sales	11,094	11,036
Cost of sales	8,604	7,987
Gross profit	2,490	3,049
Selling, general and administrative expenses	2,484	2,743
Operating profit	5	306

Non-operating income

Dividend income

Foreign exchange gains

Rental income

methodShare of profit of entities accounted for using equity Other

Total non-operating income

Non-operating expenses

Interest expenses

Foreign exchange losses

methodShare of loss of entities accounted for using equity Other

109117

1. －

1. 5－30

15	40
172	193
26	22
21	59
－
27	－
37

Total non-operating expenses	76	119
Ordinary profit	101	380
Extraordinary income
Gain on sale of investment securities	29	11
Total extraordinary income	29－	11
Extraordinary losses	－
Loss on valuation of investment securities	－	19
Impairment losses		43
Loss on liquidation of subsidiaries	－	21
Total extraordinary losses		84
Profit before income taxes	130	306
Income taxes	96	172
Profit	34	134
Profit attributable to non-controlling interests	0	0
Profit attributable to owners of parent		33	133

- 5 -