Toyo Tanso : Summary of Financial Results (Third Quarter of FY2022)

Translation

Member of the Financial Accounting Standards Foundation

November 8, 2022

Summary of Consolidated Financial Results

for the Nine Months Ended September 30, 2022 [Japanese GAAP]

Listed company name:	Toyo Tanso Co., Ltd.
Stock exchange listing:	Tokyo Stock Exchange
Stock code:	5310
Website:	https://www.toyotanso.co.jp
Representative:	Naotaka Kondo
	Representative Director, Chairman & President, CEO
Contact:	Shigeki Masuda, General Manager,
	Finance and Accounting Department
TEL:	81-6-6472-5811 (from overseas)
Scheduled date for submission
of quarterly report:	November 9, 2022
Scheduled date for dividend payment:	-
Supplementary materials for quarterly
financial summaries:	No
Quarterly financial results briefing:	No

1. Consolidated financial results for the nine months ended September 30, 2022

(From January 1, 2022 to September 30, 2022)
(1) Operating results (cumulative total)					(Millions of yen, rounded down)
				(Percentages indicate changes from the same period in the previous fiscal year.)
									Profit
			Net sales	Operating profit		Ordinary profit		attributable
					to owners of
									parent
				%		%		%		%
Nine months ended	32,028	16.7	4,965	19.7	5,932	28.3	4,152	31.1
September 30, 2022
Nine months ended	27,449	18.7	4,148	50.8	4,623	51.4	3,168	51.9
September 30, 2021
Note:	Comprehensive income:
		Nine months ended September 30, 2022	6,626 million yen (43.0 %)
		Nine months ended September 30, 2021	4,632 million yen (131.6%)

	Basic earnings	Diluted earnings
	per share	per share
	yen	yen
Nine months ended	198.02	-
September 30, 2022
Nine months ended	151.07	-
September 30, 2021

(2) Financial position

															(Millions of yen, rounded down)
					Total assets				Net assets					Equity ratio
																		%
	As of September 30, 2022					89,086				77,619				87.1
	As of December 31, 2021					83,655				72,256				86.3
	Reference:	Shareholders' equity:
		September 30, 2022				77,563 million yen
		December 31, 2021				72,204 million yen
2. Dividends
									Dividends per share (yen)
					First quarter-end		Second quarter-end	Third quarter-end	Year-end			Total (Full year)
	Year ended December 31,			-			0.00		-	60.00		60.00
2021
	Year ending December 31,			-			0.00		-
	2022 (Actual)
	Year ending December 31,									-			70.00		70.00
	2022 (Forecast)
	Note: Revisions of projected dividends most recently announced: None
3. Consolidated results forecast for the fiscal year ending December 31, 2022
	(From January 1, 2022 to December 31, 2022)
															(Millions of yen, rounded down)
												(Percentages indicate year-on-year changes.)
														Profit attributable	Profit attributable to
					Net sales	Operating income	Ordinary income	to owners of	owners of parent
															parent			per share
						%			%			%				%	yen
	Fiscal year ending	43,000	14.0		7,300	28.8		7,600	21.3			5,300	18.7	252.71
	December 31, 2022

Note: Revisions of consolidated forecasts most recently announced: None

• Others
• 1. Changes in significant subsidiaries during the period under review

(Changes in specified subsidiaries accompanying changes in scope of consolidation): None

New subsidiaries: ___ (name of company(ies))

Excluded subsidiaries: ___ (name of company(ies))

1. Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes
2. Changes in accounting policies and accounting estimates and restatements

1. Changes in accounting policies due to revisions of accounting standards, etc.: Yes
2. Changes in accounting policies other than 1): None
3. Changes in accounting estimates: None
4. Restatements: None

1. Number of shares outstanding (common shares)

1. Number of shares outstanding and issued at the end of period (including treasury shares)

As of September 30, 2022	20,992,588 shares
As of December 31, 2021	20,992,588 shares

1. Number of treasury shares at the end of period

As of September 30, 2022	20,078 shares
As of December 31, 2021	20,028 shares

1. Average number of shares during the period (quarterly cumulative total)

Nine months ended September 30, 2022	20,972,534 shares
Nine months ended September 30, 2021	20,972,694 shares

• This summary report is not subject to quarterly review by a certified public accountant or an audit corporation.
• Disclaimer regarding appropriate use of forecasts and related points of note

(We urge you to be cautious in relying on forward-looking statements.)

Forward-looking statements such as the earnings forecasts in this material are based on currently available information and certain assumptions deemed rational, and are not intended as a guarantee that these forecasts will be achieved. Accordingly, actual results may differ significantly from these forecasts due to various factors.