Summary of Consolidated Financial Results for the Six Months Ended September 30, 2021

Note: This document has been translated from a part of 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.

November 4, 2021

	Summary of Consolidated Financial Results
	for the Six Months Ended September 30, 2021
	(under Japanese GAAP)
Company name: TAKARA STANDARD CO., LTD.
Stock listing:	First Section of the Tokyo Stock Exchange
Stock code:	7981
URL:	https://www.takara-standard.co.jp/
Representative:	Takeo Watanabe, President
Inquiries:	Kaoru Umeda, Executive Officer and General Manager of Accounting Department,
	Administration Division
	URL: https://forms.takara-standard.co.jp/webapp/form/22048_aqgb_6/index.do

Scheduled date to file quarterly securities report: November 11, 2021

Scheduled date to commence dividend payments: November 30, 2021

Preparation of supplementary material on quarterly financial results: None

Holding of quarterly financial results presentation meeting: None

(Million yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)

(1)	Consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
		Net sales			Operating profit	Ordinary profit	Profit attributable to
				owners of parent
Six months ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
September 30, 2021	101,601		13.0	7,714	114.0	7,979	107.0	5,424	115.8
September 30, 2020	89,911			-	3,605	(56.6)	3,854	(55.1)	2,513	(57.2)
Note:	Comprehensive income
	Six months ended September 30, 2021: ¥5,798 million [30.1%]
	Six months ended September 30, 2020: ¥4,457 million [(18.1)%]
		Basic earnings		Diluted earnings
		per share			per share
Six months ended	Yen			Yen
September 30, 2021	74.17			-
September 30, 2020	34.37			-

The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) and related standards from the beginning of the first quarter ended June 30, 2021, and the consolidated operating results for the six months ended September 30, 2020 are retrospectively restated. However, in accordance with the transitional treatment, the percentage of year-on-year change of net sales for the six months ended September 30, 2020, is not shown.

(2) Consolidated financial position

	Total assets		Net assets	Equity ratio	Net assets per share
As of	Million yen		Million yen	%	Yen
September 30, 2021	268,677		179,864	66.9	2,459.26
March 31, 2021	258,652		175,310	67.8	2,396.98
Reference: Equity
As of September 30, 2021: ¥179,864 million	As of March 31, 2021: ¥175,310 million
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2. Dividends

			Annual dividends
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended	-	17.00	-	17.00	34.00
March 31, 2021
Fiscal year ending	-	20.00
March 31, 2022
Fiscal year ending			-	20.00	40.00
March 31, 2022
(Forecasts)

(Note) Revisions to the forecast of dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	202,300		5.8	14,000	27.7	14,400	26.4	9,400	23.9	128.52

(Note) Revisions to the consolidated earnings forecasts most recently announced: None

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
2. Application of special accounting for preparing quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
4. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement of prior period financial statements after error corrections: None
5. Number of issued shares (common stock)
6. 1. Total number of issued shares at the end of the period (including treasury shares)

As of September 30, 2021	73,937,194 shares
As of March 31, 2021	73,937,194 shares

1. Number of treasury shares at the end of the period

As of September 30, 2021	799,397 shares
As of March 31, 2021	799,397 shares

1. Average number of outstanding shares during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2021	73,137,797 shares
Six months ended September 30, 2020	73,138,232 shares

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• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters
  Forward-looking statements provided in this document, including earnings forecasts, are based on the information currently available to the Company and certain assumptions considered reasonable. Such statements are included without any guarantee as to their future achievement. Actual business and other results may differ materially from the forecasts depending on various factors.

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Quarterly Consolidated Financial Statements

(1) Quarterly consolidated balance sheets

						(Millions of yen)
				As of March 31, 2021		As of September 30, 2021
	Assets
	Current assets
	Cash and deposits			74,719		78,468
	Notes and accounts receivable - trade	39,405	36,275
	Electronically recorded monetary claims -			19,308		26,494
	operating
	Merchandise and finished goods	8,744	9,925
	Work in process			2,730		2,802
	Raw materials and supplies	3,632	3,842
	Other			261		1,441
	Allowance for doubtful accounts	(16)	(18)
	Total current assets			148,785		159,230
	Non-current assets
	Property, plant and equipment
	Buildings and structures, net	26,184	25,615
	Land			39,558		39,249
	Other, net	17,498	17,870
	Total property, plant and equipment			83,240		82,736
	Intangible assets	1,937	1,883
	Investments and other assets
	Investment securities	16,816	17,014
	Other			7,891		7,825
	Allowance for doubtful accounts	(19)	(13)
	Total investments and other assets			24,688		24,826
	Total non-current assets	109,867	109,447
	Total assets			258,652		268,677

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				(Millions of yen)
			As of March 31, 2021	As of September 30, 2021
	Liabilities
	Current liabilities
	Notes and accounts payable - trade		17,116	18,404
	Electronically recorded obligations - operating	20,620	23,763
	Short-term borrowings		9,700	9,700
	Income taxes payable	1,542	2,915
	Other		13,979	13,722
	Total current liabilities	62,958	68,505
	Non-current liabilities
	Retirement benefit liability	18,524	18,452
	Other		1,859	1,854
	Total non-current liabilities	20,384	20,306
	Total liabilities		83,342	88,812
	Net assets
	Shareholders' equity
	Share capital	26,356	26,356
	Capital surplus		30,736	30,736
	Retained earnings	114,296	118,432
	Treasury shares		(934)	(934)
	Total shareholders' equity	170,455	174,591
	Accumulated other comprehensive income
	Valuation difference on available-for-sale	7,173	7,311
	securities
	Deferred gains or losses on hedges		(3)	-
	Revaluation reserve for land	613	658
	Remeasurements of defined benefit plans		(2,928)	(2,696)
	Total accumulated other comprehensive income	4,854	5,273
	Total net assets		175,310	179,864
	Total liabilities and net assets	258,652	268,677

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