Ibiden : FY2022-May 1,2023

(Amounts less than one million yen are omitted)

1. Consolidated Financial Results for FY 2022 (From April 1, 2022 to March 31, 2023)

(1) Operating results

(Percentage figures indicate the change from the same period of the prior fiscal year)

Net sales

Operating profit

Ordinary profit

Profit (loss) attributable

to owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

FY 2022

417,549

4.1

72,362

2.2

76,176

2.4

52,187

26.6

FY 2021

401,138

24.0

70,821

83.3

74,394

82.7

41,232

60.4

Note： Comprehensive income

FY2022： 61,749 million yen (12.4%)

FY2021： 54,952 million yen (2.4%)

Basic earnings

Diluted earnings

Return on

Ordinary income

Operating income

per share

per share

Equity

to total assets

to net sales

Yen

Yen

%

%

%

FY 2022

373.73

-

13.3

10.0

17.3

FY 2021

295.35

-

12.1

12.0

17.7

Note： Share of profit(loss) of entities accounted for using equity method

FY 2022：

1 million yen

FY 2021：

2 million yen

(2) Financial positions

Total assets

Net assets

Capital adequacy ratio

Net assets per share

Million yen

Million yen

%

Yen

FY 2022

857,508

425,606

48.9

3,002.08

FY 2021

664,332

370,728

54.9

2,611.43

Note： Owner's equity

As of March 31, 2023 ：

419,238 million yen

As of March 31, 2022 ：

364,576 million yen

(1)

Material changes in subsidiaries during this period ： None

(2)

Changes in accounting policies, accounting estimates and retrospective restatement

(ⅰ) Changes in accounting policies based on revisions of accounting standard: None

(ⅱ) Changes in accounting policies other than the above: None

(ⅲ) Changes in accounting estimates: None

(ⅳ) Retrospective restatement: None

(3)

Number of shares issued and outstanding (common stock)

(ⅰ) Number of shares outstanding (including treasury stock)：

As of March 31, 2023

140,860,557 shares

As of March 31, 2022

140,860,557 shares

(ⅱ) Number of treasury stock ：

As of March 31, 2023

1,211,148 shares

As of March 31, 2022

1,252,626 shares

(ⅲ) Average number of shares:：

FY 2022

139,637,056 shares

FY 2021

139,608,019 shares

(Million yen)

As of

As of

Increase

Mar 31,2023

Mar 31,2022

(Decrease)

Assets

Current assets

Cash and deposits

302,419

185,592

116,827

Notes and accounts receivable - trade, and

75,942

88,483

(12,541)

contract assets

Electronically recorded monetary claims

3,563

3,599

(36)

Merchandise and finished goods

30,871

26,822

4,049

Work in process

21,191

19,785

1,405

Raw materials and supplies

27,132

27,959

(827)

Other current assets

15,765

11,120

4,644

Allowance for doubtful accounts

(59)

(94)

34

Total current assets

476,825

363,270

113,555

Non-current assets

Property, plant and equipment

Buildings and structures

77,000

76,266

734

Machinery, equipment and vehicles

82,147

87,979

(5,832)

Land

20,360

20,108

252

Lease assets

253

285

(32)

Construction in progress

119,038

34,013

85,024

Other - property, plant and equipment

8,167

7,266

901

Total property, plant and equipment

306,967

225,920

81,046

Intangible assets

5,179

5,448

(269)

Investments and other assets

Investment securities

61,342

64,638

(3,295)

Long-term loans receivable

8

8

(0)

Deferred tax assets

5,533

3,951

1,582

Other assets

1,889

1,343

546

Allowance for doubtful accounts

(238)

(247)

9

Total investments and other assets

68,536

69,693

(1,157)

Total non-current assets

380,682

301,062

79,620

Total assets

857,508

664,332

193,176

(Continued)

(Million yen)

As of

As of

Increase

Mar 31,2023

Mar 31,2022

(Decrease)

Liabilities and net assets

Liabilities

Current liabilities

Notes and accounts payable - trade

28,262

40,588

(12,325)

Electronically recorded obligations

12,169

10,562

1,606

Short-term loans payable

65,030

20,030

45,000

Current portion of bonds

-

20,000

(20,000)

Accounts payable - other

22,308

18,278

4,029

Income taxes payable

14,268

14,909

(640)

Provision for bonuses

5,138

5,384

(246)

Provision for bonuses for directors

186

173

13

Provision for loss on liquidation of subsidiaries

-

176

(176)

and associates

Notes payable - facilities

1

4

(3)

Electronically recorded obligations - facilities

26,601

4,801

21,799

Other - current liabilities

49,354

21,251

28,103

Total current liabilities

223,321

156,160

67,160

Non-current liabilities

Bonds payable

100,000

50,000

50,000

Long-term loans payable

105,000

80,000

25,000

Lease obligations

167

199

(32)

Deferred tax liabilities for land revaluation

68

68

-

Retirement benefit liability

573

578

(5)

Provision for share-based compensation

548

493

54

Deferred tax liabilities

825

5,095

(4,270)

Other - non-current liabilities

1,398

1,007

390

Total non-current liabilities

208,581

137,443

71,137

Total liabilities

431,902

293,603

138,298

(Continued)

(Million yen)

As of

As of

Increase

Mar 31,2023

Mar 31,2022

(Decrease)

Net assets

Shareholders' equity

Capital stock

64,152

64,152

-

Capital surplus

64,494

64,494

0

Retained earnings

229,804

184,612

45,192

Treasury shares

(3,126)

(3,264)

138

Total shareholders' equity

355,324

309,994

45,330

Accumulated other comprehensive income

Valuation difference on available-for-sale

24,430

26,626

(2,195)

securities

Revaluation reserve for land

160

160

-

Foreign currency translation adjustment

39,323

27,795

11,527

Total accumulated other comprehensive income

63,914

54,581

9,332

Non-controlling interests

6,367

6,152

215

Total net assets

425,606

370,728

54,877

Total liabilities and net assets

857,508

664,332

193,176

(Concluded)