Financial Results for 2nd Quarter of FY2022

October 31, 2022

Sumitomo Riko Company Limited

1. Consolidated Statements 〔IFRS〕 (from April 1, 2022 to September 30, 2022)

1) Consolidated Profit/loss

(100 millions of yen)

Q2 FY2021

Q2 FY2022

Year on year

(Six-month period)

(Six-month period)

growth

Net sales

2,084

2,556

+472

+22.7%

Business profit

1

△9

-10

-

Other income and expenses

△2

△7

-5

-

Operating profit

△1

△16

-15

-

Financial income and expenses

△4

0

+4

-

Profit before income taxes

△5

△16

-11

-

Income tax expense

△21

△26

-5

-

Profit for the period

△26

△42

-16

-

Profit attributable to owners

△35

△48

-13

-

of the parent company

Non-controlling interests

9

6

-3

-35.8%

(Note) Business profit is presented by subtracting Cost of sales and Selling, general and administrative expenses

from Net sales, and by adding Equity in earnings/losses of associates.

2) Results by Business Segment

(100 millions of yen)

Q2 FY2021

Q2 FY2022

Year on year

(Six-month period)

(Six-month period)

growth

Net sales

Automotive Products

1,793

2,265

+472

+26.3%

General Industrial Products

291

291

+1

+0.3%

Consolidated Total

2,084

2,556

+472

+22.7%

Business

Automotive Products

△21

△20

+1

-

profit

General Industrial Products

22

11

-11

-49.8%

Consolidated Total

1

△9

-10

-

3) Results by Geographical Segment

(100 millions of yen)

Q2 FY2021

Q2 FY2022

Year on year

(Six-month period)

(Six-month period)

growth

Net sales

Japan

924

956

+32

+3.4%

Americas

456

691

+236

+51.7%

Asia

755

933

+178

+23.5%

Europe and Others

233

285

+52

+22.3%

Eliminations or Corporate

△285

△309

-24

-

Consolidated Total

2,084

2,556

+472

+22.7%

Business

Japan

△3

△14

-10

-

profit

Americas

△45

△35

+9

-

Asia

60

61

+1

+1.9%

Europe and Others

△10

△20

-10

-

Eliminations or Corporate

△1

△1

+0

-

Consolidated Total

1

△9

-10

-

(Note) Before elimination of intersegment transactions. Monetary amounts and percentage figures are rounded off to the nearest specified unit.

4) Exchange Rate (Average Rate)

Q2 FY2021

Q2 FY2022

Year on year

(Six-month period)

(Six-month period)

growth

Yen/USD

109.81

133.98

+24.17

+22.0%

Yen/EUR

130.91

138.74

+7.83

+6.0%

Yen/RMB

16.99

19.89

+2.90

+17.1%

Yen/THB

3.42

3.79

+0.37

+10.8%

Yen/MXN

5.49

6.66

+1.17

+21.3%

Yen/BRL

20.90

26.41

+5.51

+26.4%

(Note) Monetary amounts and percentage figures are rounded off to the nearest specified unit.

2. Consolidated results forecast

(from April 1, 2022 to March 31, 2023)

(100 millions of yen)

1Q Forecast for

2Q Forecast for

Change

FY2022 (A)

FY2022 (B)

(B - A)

(August 2022)

(October 2022)

Net sales

5,400

5,400

-

-

Business profit

120

120

-

-

Other income and expenses

△20

△20

-

-

Operating profit

100

100

-

-

Financial income and expenses

△10

△10

-

-

Profit before income taxes

90

90

-

-

Income tax expense

△63

△63

-

-

Profit for the year

27

27

-

-

Profit attributable to owners

10

10

-

-

of the parent company

Non-controlling interests

17

17

-

-

(Note) The forecast for the full year remains unchanged from the previous forecast announced on August 1, 2022.

The assumed exchange rate from the third quarter and at the end of the fiscal year has been revised from 125 yen to 135 yen per U.S.

dollar. The assumed exchange rate for Euro remains unchanged at 135 yen per Euro.

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Sumitomo Riko Company Limited published this content on 31 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2022 03:08:08 UTC.