FY2021

Summary of Financial Results for the First Half,

and Full-Year Performance Forecasts

October 29, 2021

2021 © Shinsho Corporation All Rights Reserved

Contents

Summary of First Half Results

・・・・・

2

Consolidated Profit and Loss Statement

・・・・・

3

Multiyear Comparisons of

Consolidated Net Sales and Income

・・・・・

4

Consolidated Balance Sheet

・・・・・

5

Consolidated Cash Flows

・・・・・

6

Performance by Segment in First Half

・・・・・

7

Full-Year Consolidated Forecasts

・・・・・

8

1

2021 © Shinsho Corporation All Rights Reserved

Summary of First Half Results

  • The negative impact of COVID-19 persists in domestic and overseas markets, but signs of recovery emerged in US and elsewhere.
    Profit rose significantly YoY with general increase in sales volume and higher sales prices.

• Net sales:

¥224.2 bn (See note below)

• Ordinary income:

¥4.6 bn (YoY increase of ¥2.9 bn, 181.9%)

• Net income:

¥3.9 bn (YoY increase of ¥3.4 bn, 689.5%)

  • Equity ratio was 18.1% (compared to 19.5% at the end of the

previous year)

  • Dividend
    We will pay an interim dividend of ¥85 per share and a full-year dividend of ¥170 per share (compared to ¥15 and ¥50 in same period last year).
    • No year-on-year comparison is shown for consolidated net sales because the item complies with the Accounting Standard for Revenue Recognition (ASBJ No. 29), whereas same item for the previous year did not (we applied the standard at the start of FY2021).

2

2021 © Shinsho Corporation All Rights Reserved

Consolidated Profit and Loss Statement

(Monetary amounts other than earnings per share are shown in multiples of ¥100 million)

H1/20

H1/21

# change

% change

Net sales

3,471

2,242

-

-

Jul 30 forecast

2,380

-

-

Gross profit

120

158

[1]

38

SG&A

(106)

(117)

[2]

(11)

Operating income

14

41

27

195.9 %

Jul 30 forecast

39

Non-operating income (loss)

2

5

3

Ordinary income

16

46

29

181.9 %

Jul 30 forecast

41

Extraordinary income (loss)

(5)

2

[3]

7

Income taxes

(6)

(6)

0

Net income

5

39

34

689.5 %

Jul 30 forecast

29

Earnings per share

55.19

435.74

[1] Gross profit

Non-consolidated

+ 12

・Iron & Steel

+ 5

・Ferrous Raw Materials

+ 4

・Nonferrous Metals

+ 5

・Machinery & Electronics - 1

・

- 1

Welding

Overseas subsidiaries

+ 21

Domestic subsidiaries

+ 3

Consolidation adjustments

+ 2

Total

+ 38

[2] SG&A

Increase in personnel expenses - 4 Increase in transportation expenses - 2 Increase in depreciation expenses - 1

[3] Extraordinary income/loss

H1/20: Loss on valuation of investment securities - 5

H1/21: Gain on negative goodwill + 2

* No year-on-year comparison is shown for consolidated net sales because the item complies with the Accounting Standard for Revenue

Recognition (ASBJ No. 29), whereas same item for the previous year did not (we applied the standard at the start of FY2021).

3

2021 © Shinsho Corporation All Rights Reserved

Multiyear Comparisons of Consolidated Net Sales and Income

Net sales

Net sales in H1/21

Ordinary income

Net income

(Unit: ¥100 million)

Net sales

Income

5,000

4,848

4,513

60

4,500

4,371

50

4,000

3,500

3,471

46

40

3,000

39

34

24

30

2,500

2,242

2,000

20

1,500

17

6

16

17

10

1,000

5

500

0

(1)

0

-10

H1/19

H2/19

H1/20

H2/20

H1/21

* No year-on-year comparison is shown for consolidated net sales because the item complies with the Accounting Standard for Revenue

Recognition (ASBJ No. 29), whereas same item for the previous year did not (we applied the standard at the start of FY2021).

4

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Shinsho Corporation published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 08:11:09 UTC.