Tokyo Keiki Inc.TSE: 7721

Financial Results Briefing for 1Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)

Sep 13, 2021 at 2:21 AM UTC · Issued by Tokyo Keiki Inc.

Financial Results Briefing for

1Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)

－From April 1 to June 30, 2021－

August 11, 2021

The forward-looking statements contained in this material reflect the management's assumptions based on currently available information as of the date of announcement. Future changes in business environment and other factors may therefore cause differences with the actual situation.

Table of Contents

Summary of financial results for 1Q of FY2021
Topics

＜References＞

1. Summary of financial results for 1Q of FY2021

Summary of 1Q Results (From April 1 to June 30, 2021)

Despite the year-on-year decline in net sales and operating profits in the first quarter, overall the Group posted an increase in both orders received and order backlog.
- The main factors included the decline in net sales and operating profits of the Defense & Communications Equipment Business per initial expectations due to the off period up to this fiscal year in public-sector projects.
- The Hydraulics and Pneumatics Business, which was greatly impacted by the COVID-19 pandemic last year, continued to see a recovery from the second half of last year.
- The Fluid Measurement Equipment Business recorded strong sales in both the public- and private-sector markets.
There are no changes to the full-year earnings forecast disclosed on May 14,
2021. The Company's earnings structure is weighted toward the second half and generally performance is progressing according to the initial forecast; thus, the full-year forecast anticipates an increase in net sales and operating profit over the previous year.

1. Summary of financial results for 1Q of FY2021

Changes in consolidated profit & loss

【Net Sales】	【Operating Profit】		Full year

		1Q
（Million yen）	（Million yen）

（Million yen）	2019/3-1Q	2020/3-1Q	2021/3-1Q	2022/3-1Q	YoY change	YoY change
(amount)	(rate)

Net sales	9,438	9,593	8,624	8,028	△597	△6.9%
Operating profit	△240	△298	△417	△517	△100	－

Ordinary Profit	△155	△253	△338	△404	△66	－
Net Profit*	△89	△157	△216	△250	△33	－

©TOKYO KEIKI INC. All Rights Reserved	* "Net profit" represents "Profit attributable to owners of parent".	4

1. Summary of financial results for 1Q of FY2021

Fiscal 2021 1Q progress

（Million yen）

Net Sales

Operating

Profit

Ordinary

Profit

Profit attributable to owners of parent

		Full year forecast

	8,028	Remaining 34,872	42,900
	Progression rate	18.7％
△517		Remaining 1,867	1,350
	Progression rate	ー％
△404		Remaining 1,874	1,470
	Progression rate	ー％
△250		Remaining 1,380	1,130
	Progression rate	ー％

The Group records most of its net sales and operating profit/loss in the third and fourth quarters; therefore, first quarter performance is on par with typical years (see pages 13 and 14)

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