October 27, 2021

Consolidated Financial Results

For the 2nd Quarter Ended September 30, 2021

Company name: PACIFIC INDUSTRIAL CO., LTD.

Stock exchange listings: Tokyo and Nagoya Stock Exchanges (First Section)

Stock code number: 7250

URL: https://www.pacific-ind.co.jp/

Representative: Shinya Ogawa, President

Contact person: Satoshi Watanabe, General Manager of Accounting Dept.

Telephone: +81-584-93-0117

(Amounts less than one million yen are omitted)

1. Consolidated Financial Results for FY 2021 2nd Quarter (From April 1, 2021 to September 30, 2021)

(1) Consolidated Financial Results

(%:changes from the same period of the previous fiscal year)

Net Sales

Operating Income

Ordinary Income

Profit attribute to

owners of parent

Million Yen

%

Million Yen

%

Million Yen

%

Million Yen

%

FY2021 2nd quarter

78,422

21.0

5,024

482.6

5,797

341.4

4,381

364.9

FY2020 2nd quarter

64,827

-21.7

862

-81.6

1,313

-73.4

942

-72.9

Note: Comprehensive income

FY2021 2nd quarter: 8,189 million yen ( 953.2%),

FY2020 2nd quarter: 777 million yen ( -61.6%)

Earnings Per Share

Fully Diluted Earnings

Per Share

Yen

Yen

FY2021 2nd quarter

72.37

72.20

FY2020 2nd quarter

15.58

15.53

(2) Consolidated Financial Position

Net assets excluding

Total Assets

Net Aseets

subscription rights to shares

and Non-controlling interests

as a percentage of total assets

Million Yen

Million Yen

%

FY2021 2nd quarter

225,702

119,389

52.6

FY2020

225,531

112,508

49.5

Note: Shareholders' equity: FY2021 2nd quarter : 118,661 million yen

FY2020: 111,714 million yen

2. Cash Dividends

Annual Cash Dividends Per Share

1st quarter

2nd quarter

3rd quarter

4th quarter

FY Total

Yen

Yen

Yen

Yen

Yen

FY2020

―

10.00

―

23.00

33.00

FY2021

―

16.00

FY2021(Forecast)

―

17.00

33.00

Note: Revisions to the forecasts announced most recently: No

3. Forecasts of Consolidated Financial Results for FY 2021 (From April 1, 2021 to March 31, 2022)

(%:changes from the same period of the previous fiscal year)

Net Sales

Operating Income

Ordinary Income

Profit attribute to

Earning Per Share

owners of parent

Million Yen

%

Million Yen

%

Million Yen

%

Million Yen

%

Yen

FY2021

164,000

9.0

10,500

17.0

12,500

11.4

9,000

12.8

148.60

Note: Revisions to the forecasts announced most recently: Yes

4. Notes

(1) Changes in major subsidiaries during the current quarter: Yes

(changes in specified subsidiaries that caused a change in the scope of consolidation)

Newly included:

―

(company name)

Newly excluded:

1 company

(company name)

AUGUST FRANCE HOLDING COMPANY SAS

  1. Application of special accounting methods for the preparation of quarterly consolidated financial statements : None
  2. Changes in accounting policies, accounting estimates and restatement
    ① Changes in accounting policies with revision of accounting standards : Yes
    ② Changes other than ① : None
    ③ Changes in accounting estimates : None
    ④ Restatement : None

(3) Number of shares issued and outstanding (common stock)

① Number of shares outstanding at end

FY20201

61,312,896 shares

FY 2020

61,312,896 shares

of period(including treasury stock)

2nd quarter

②Number of shares of treasury stock at

FY20201

732,655 shares

FY 2020

798,055 shares

end of period

2nd quarter

③Average number of common stock

FY20201

60,550,312 shares

FY2020

60,481,867 shares

(quarterly total)

2nd quarter

2nd quarter

* Note on status of quarterly review procedures

This summary of quarterly financial results is not subject to quarterly review procedures under the Financial Instruments and Exchange Act. As of the time of disclosure of this summary of quarterly financial results, however, the review procedures for quarterly consolidated financial statements under the Financial Instruments and Exchange Act have not been completed.

  • Explanation about appropriate use of the financial results forecasts, and other noteworthy matters Statements related to the future, including the forecasts of financial results, described in this document are based on information currently available to Pacific industrial and on certain assumptions deemed by Pacific industrial to be rational.

Consolidated Balance Sheets

(Million Yen)

FY2020

FY2021

FY2020

FY2021

(As of Mar.31, 2021)

(As of Sep.30, 2021)

(As of Mar.31, 2021)

(As of Sep.30, 2021)

（Assets）

（Liabilities）

Current Assets

71,456

69,097

Current Liabilities

47,874

42,475

Cash and time deposits

28,332

24,978

Trade notes and accounts payable

12,005

8,044

Trade notes and accounts receivable

24,027

22,551

Electronically recorded obligations - operating

7,566

5,947

Merchandise and finished goods

6,969

8,226

Short-term borrowings

4,188

3,695

Work in process

4,383

5,180

Current portion of long-term borrowings

9,614

10,641

Raw materials and supplies

4,148

4,960

Accounts payable

5,057

4,839

Other current assets

3,727

3,338

Income taxes payable

2,404

2,068

Less: Allowance for doubtful accounts

(133)

(138)

Allowance for bonuses

1,536

1,567

Allowance for bonuses to directors

－

23

Fixed Assets

154,075

156,604

Other current liabilities

5,501

5,647

Property, Plant and Equipment

101,983

101,030

Noncurrent Liabilities

65,148

63,837

Buildings and structures

28,781

29,367

Machinery and vehicles

48,227

46,402

Long-term borrowings

52,480

51,211

Tools, Furniture, and fixtures

5,816

2,994

Provision for directors retirement benefit

161

153

Land

10,089

10,216

Net defined benefit liabilities

716

748

Lease Asset

1,104

1,071

Other noncurrent liabilities

11,790

11,724

Construction in progress

7,963

10,977

Total Liabilities

113,023

106,312

Intangible Fixed Assets

12,640

12,261

Goodwill

7,304

6,984

Other

5,336

5,276

（Net assets）

Shareholders' Equity

94,700

97,820

Investments and Other Assets

39,450

43,312

Capital stock

7,316

7,316

Investments in securities

32,497

36,236

Capital surplus

7,643

7,683

Other fixed assets

6,957

7,079

Retained earnings

79,964

83,025

Less: Allowance for doubtful accounts

(3)

(3)

Less:Treasury stock at cost

(224)

(205)

Valuation and Translation Adjustment

17,013

20,840

Valuation difference on available securities

14,893

17,077

Foreign currency translation adjustments

1,135

2,869

Remeasurement of defined benefit plan

985

894

Subscription rights to shares

141

97

Minority Interests

652

630

Total Net Assets

112,508

119,389

Total Assets

225,531

255,702

Total Liabilities and Net Assets

225,531

225,702

Consolidated Statements of Income

(Million Yen)

FY2020

FY2021

For the Year Ended

For the Year Ended

Sep.30, 2020

Sep.30, 2021

Net sales

64,827

78,422

Cost of sales

58,276

67,166

Gross profit

6,550

11,255

Selling, general and administrative expenses

5,688

6,230

Operating Income (loss)

862

5,024

Non-operating income

857

1,243

Interest income

15

72

Dividend income

321

374

Equity in earnings of affiliated companies

84

588

Other non-operating income

435

207

Non-operating Expenses

406

469

Interest expense

190

232

Foreign exchange losses

178

226

Other non-operating expense

37

10

Ordinary income (loss)

1,313

5,797

Extraordinary Losses

45

103

Loss on sales and retirements of fixed assets

45

103

Profit (loss) before income taxes and non controlling interests

1,268

5,694

Income taxes

373

1,295

Current term net profit (loss)

895

4,399

Profit (loss) attributable to non-controlling interests

(47)

17

Profit (loss) attributable to owners of parent

942

4,381

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Pacific Industrial Co. Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 14:57:05 UTC.