Shibaura Mechatronics Corp.TSE: 6590

Summary of Consolidated Financial Results(Q2 of The Year Ending March 31, 2023)

· Issued by Shibaura Mechatronics Corp.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail

Summary of Consolidated Financial Results

for the Six Months Ended September 30, 2022

(Under Japanese GAAP)

November 9, 2022

Company name:

SHIBAURA MECHATRONICS CORPORATION

Listing:

Tokyo Stock Exchange

Securities code:

6590

URL:

https://www.shibaura.co.jp

Representative:

(Name) Keigo Imamura, (Title) Representative Director,

President and Chief Executive Officer

Inquiries:

(Name) Kenichi Ikeda, (Title) Director and Executive Vice President,

Executive General Manager of Corporate Management Division

Telephone:

+81- 45- 897- 2425

Scheduled date to file quarterly report:

November 11, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results: Yes

Holding of quarterly financial results briefing:

Yes

(Figures are rounded down to the nearest million yen)

1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)

(1) Consolidated operating results

(Percentages indicate year-on-year change.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Six months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

September 30, 2022

29,256

33.5

4,599

149.1

4,258

143.8

3,414

354.2

September 30, 2021

21,916

(6.1)

1,846

12.2

1,747

10.3

751

(34.3)

Note: Comprehensive income

For the six months ended September 30, 2022:

¥3,632 million

[301.8%]

For the six months ended September 30, 2021:

¥903 million

[(25.4%)]

Basic earnings

Diluted earnings

per share

per share

Six months ended

Yen

Yen

September 30, 2022

772.67

-

September 30, 2021

170.22

-

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

September 30, 2022

73,291

27,238

37.2

6,161.61

March 31, 2022

68,854

24,614

35.7

5,571.64

Reference: Equity

As of September 30, 2022:

¥27,238 million

As of March 31, 2022:

¥24,614 million

2. Cash dividends

Annual dividends per share

First quarter-end

Second quarter-end

Third quarter-end

Fiscal

Total

year-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

0.00

-

230.00

230.00

March 31, 2022

Fiscal year ending

-

0.00

March 31, 2023

Fiscal year ending

March 31, 2023

-

390.00

390.00

(Forecast)

Note : Revisions to the forecast of cash dividends most recently announced : Yes

3. Consolidated Financial Results Forecast for the Fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(Percentages indicate year-on-year change.)

Net income

Earnings per

Net sales

Operating income

Ordinary income

attributable to owners

share

of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

56,000

13.7

7,600

50.5

7,200

47.6

5,800

94.4

1,312.58

Note : Revisions to the forecast of consolidated financial results most recently announced : Yes

Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
  2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
  3. Changes in accounting policies, changes in accounting estimates, and restatement
    1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
    2. Changes in accounting policies due to other reasons: None
    3. Changes in accounting estimates: None
    4. Restatement: None
  4. Number of issued shares (common stock)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2022

5,192,619 shares

As of March 31, 2022

5,192,619 shares

(ii) Number of treasury shares at the end of the period

As of September 30, 2022

771,951 shares

As of March 31, 2022

774,834 shares

(iii) Average number of shares outstanding during the period

Six months ended September 30, 2022

4,418,772 shares

Six months ended September 30, 2021

4,416,401 shares

Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.

Explanation of the appropriate use of financial forecasts and other special matters

  • The financial forecasts and estimates in this summary of Consolidated Financial Results are based on the information available to the Company at the time of the report's publication and certain assumptions determined to be reasonable by the Company, and therefore are not guarantees of future performance. Consequently, actual results may differ substantially from those described in this Summary of Consolidated Financial Results.