February 2, 2023

Consolidated Financial Results

For the Third Quarter Ended December 31, 2022

Company name： IBIDEN CO., LTD.

Stock exchange listings： Tokyo and Nagoya Stock Exchange

(Code number：4062)

URL： https://www.ibiden.com/

Representative： Takeshi Aoki, President & CEO, Representative Director

Contact： Hisashi Sano, Vice President of Strategic Corporate Planning Operation

(Tel. +81-584-81-3111)

Filing date of quarterly securities report： February 7, 2023

(Amounts less than one million yen are omitted)

1. Consolidated Financial Results for FY 2022 Third quarter (From April 1, 2022 to December 31, 2022)

(1) Operating results

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

Net sales

Operating profit

Ordinary profit

Profit attributable

to owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

FY 2022 3rd quarter

316,681

5.8

61,175

12.4

64,959

13.1

44,055

17.7

FY 2021 3rd quarter

299,234

30.2

54,429

98.9

57,459

98.8

37,442

75.0

Note： Comprehensive income

FY 2022 3rd quarter： 48,187 million yen (7.4%)

FY 2021 3rd quarter： 44,866 million yen (28.1%)

Basic earnings

Diluted earnings

per share

per share

Yen

Yen

FY 2022 3rd quarter

315.51

-

FY 2021 3rd quarter

268.20

-

(2) Financial positions

Total assets

Net assets

Capital adequacy ratio

Million yen

Million yen

%

FY 2022 3rd quarter

789,629

412,047

51.4

FY 2021

664,332

370,728

54.9

Note： Owner's equity

As of December 31, 2022 ： 405,760 million yen

As of March 31, 2022 ：

364,576 million yen

2. Notes

  1. Material changes in subsidiaries during this period ： None
  2. Applying of specific accounting of the consolidated quarterly financial statements： Yes
    The provision for income taxes is computed by multiplying profit before income taxes by estimated annual effective tax rates.
  3. 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
  4. Number of shares issued and outstanding (common stock)

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

As of December 31, 2022

140,860,557 shares

As of March 31, 2022

140,860,557 shares

(ⅱ) Number of treasury stock ：

As of December 31, 2022

1,210,604 shares

As of March 31, 2022

1,252,626 shares

(ⅲ) Average number of shares:：

FY 2022 3rd quarter

139,632,916 shares

FY 2021 3rd quarter

139,608,033 shares

* This quarterly financial result is not subject to auditing firms' quarterly review procedure.

Consolidated balance sheet

(Million yen)

As of

As of

Increase

Dec 31,2022

Mar 31,2022

(Decrease)

Assets

Current assets

Cash and deposits

242,460

185,592

56,867

Notes and accounts receivable - trade, and

75,649

92,083

(16,433)

contract assets

Merchandise and finished goods

36,972

26,822

10,149

Work in process

22,534

19,785

2,748

Raw materials and supplies

30,676

27,959

2,716

Other current assets

16,754

11,120

5,633

Allowance for doubtful accounts

(76)

(94)

17

Total current assets

424,970

363,270

61,700

Non-current assets

Property, plant and equipment

Buildings and structures

75,614

76,266

(651)

Machinery, equipment and vehicles

84,975

87,979

(3,004)

Land

20,210

20,108

102

Lease assets

257

285

(27)

Construction in progress

106,568

34,013

72,554

Other - property, plant and equipment

8,726

7,266

1,460

Total property, plant and equipment

296,353

225,920

70,433

Intangible assets

5,290

5,448

(157)

Investments and other assets

Investment securities

57,549

64,638

(7,089)

Long-term loans receivable

8

8

(0)

Deferred tax assets

3,988

3,951

37

Other assets

1,706

1,343

363

Allowance for doubtful accounts

(238)

(247)

9

Total investments and other assets

63,014

69,693

(6,679)

Total non-current assets

364,658

301,062

63,596

Total assets

789,629

664,332

125,297

(Continued)

(Million yen)

As of

As of

Increase

Dec 31,2022

Mar 31,2022

(Decrease)

Liabilities and net assets

Liabilities

Current liabilities

Notes and accounts payable - trade

47,807

51,150

(3,343)

Short-term loans payable

65,030

20,030

45,000

Current portion of bonds

-

20,000

(20,000)

Accounts payable - other

42,776

18,278

24,497

Income taxes payable

8,345

14,909

(6,563)

Provision for bonuses

2,122

5,384

(3,262)

Provision for bonuses for directors

-

173

(173)

Provision for loss on liquidation of subsidiaries

170

176

(6)

and associates

Notes payable - facilities

24,788

4,806

19,982

Other - current liabilities

45,518

21,251

24,267

Total current liabilities

236,558

156,160

80,398

Non-current liabilities

Bonds payable

100,000

50,000

50,000

Long-term loans payable

35,000

80,000

(45,000)

Lease obligations

186

199

(13)

Deferred tax liabilities for land revaluation

68

68

-

Retirement benefit liability

693

578

114

Provision for share-based compensation

507

493

14

Deferred tax liabilities

2,998

5,095

(2,097)

Other - non-current liabilities

1,568

1,007

561

Total non-current liabilities

141,023

137,443

3,579

Total liabilities

377,582

293,603

83,978

(Continued)

(Million yen)

As of

As of

Increase

Dec 31,2022

Mar 31,2022

(Decrease)

Net assets

Shareholders' equity

Capital stock

64,152

64,152

-

Capital surplus

64,494

64,494

0

Retained earnings

221,672

184,612

37,060

Treasury shares

(3,124)

(3,264)

140

Total shareholders' equity

347,195

309,994

37,200

Accumulated other comprehensive income

Valuation difference on available-for-sale

21,757

26,626

(4,868)

securities

Revaluation reserve for land

160

160

-

Foreign currency translation adjustment

36,647

27,795

8,852

Total accumulated other comprehensive income

58,565

54,581

3,983

Non-controlling interests

6,287

6,152

134

Total net assets

412,047

370,728

41,318

Total liabilities and net assets

789,629

664,332

125,297

(Concluded)

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Ibiden Co. Ltd. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 08:19:07 UTC.