Page 1

Translation Company Name : MEC COMPANY LTD . Stock Code No .: 4971 Company URL : https://www.mec-co.com/en/ Representative : Kazuo MAEDA , CEO & President Contact : Yoshihiro SAKAMOTO , Corporate Communication Office TEL : + 81- ( 0 ) 6-6401-8160 March 24 , 2021 Date of General Meeting of Shareholders ( Scheduled ) : Commencement Date of Dividend Payment ( Scheduled ) : Date of Filing the Financial Report ( Scheduled ) : March 3 , 2021 March 25 , 2021 Creation of reference materials supplementary to the results : Holding of briefing sessions regarding the results : Fiscal year ended December 31 , 2020 Summary of Consolidated Financial Results for the Financial Year Ended December 31 , 2020 [ JA - GAAP ] 1. Consolidated Results for the Year Ended December 31 , 2020 ( January 1 , 2020 to December 31 , 2020 ) ( 1 ) Results of operations ( % represent annual changes over the preceding year unless otherwise stated . ) Ordinary income Net income % Millions of yen % Millions of yen 44.8 2,388 38.7 1,595 -26.4 10,865 1,722 -23.0 1,236 -30.5 Fiscal year ended December 31 , 2019 Note : Comprehensive income for fiscal year ended December 31 , 2020 : 1,877 million yen ( 32.7 % ) ; fiscal year ended December 31 , 2019 : 1,414 million yen ( 8.2 % ) yen ( 2 ) Financial position Fiscal year ended December 31 , 2020 Fiscal year ended December 31 , 2019 2. Dividends Fiscal year ended December 31 , 2019 Fiscal year ended December 31 , 2020 Net sales Millions of yen 11,956 Fiscal year ending December 31 , 2021 ( Forecast ) Fiscal year ended Net income per share Yen 84.09 65.16 December 31 , 2020 Fiscal year ended December 31 , 2019 7.9 8.9 15.1 ( Reference ) Investment profit or loss according to the equity method : Year ended December 31 , 2020 : - million yen Year ended December 31 , 2019 : - million Total assets 1st half Full year 1Q Operating income % Millions of yen 10.0 2,370 -4.1 1,637 Cash flow from operating activities Yen Diluted net income per share Millions of yen 2,429 2,162 As of December 31 , 2020 Millions of yen 21,510 19,991 Millions of yen 17,470 16,091 As of December 31 , 2019 80.5 ( Reference ) Shareholder's equity : Year ended December 31 , 2020 : 17,470 million yen Year ended December 31 , 2019 : 16,091 million yen ( 3 ) Cash flow 2Q Net sales Yen 12.00 12.00 14.00 Yen Net assets 3Q Yes Yes ( for institutional investors , securities analysts ) ( Amounts less than one million yen have been disregarded . ) Annual dividend Cash flow from investment activities Return on equity Yen Millions of yen % Millions of yen 6,100 7.0 1,150 12,800 7.1 2,500 February 12 , 2021 Stock exchange listing : Tokyo Stock Exchange Millions of yen -1,149 -1,190 Operating income 4Q Yen 14.00 14.00 14.00 % 9.5 Ordinary income to total Operating income to net assets sales Equity ratio Annual Cash flow from financial activities % Millions of yen 1.4 1,150 5.5 2,500 Yen 26.00 26.00 28.00 Ordinary income % 81.2 Millions of yen -771 -632 Total cash dividends ( Annual ) Millions of yen 498 498 % 11.5 % 2.1 4.7 Book value per share % 29.1 Payout ratio ( Consolidated ) % 39.9 30.9 Cash and cash equivalents at fiscal year end 30.4 3. Consolidated earnings forecasts for the fiscal year ending December 31 , 2021 ( January 1 , 2021 to December 31 , 2021 ) % 19.8 ( Percentages indicate changes from previous fiscal year for full - year figures , and year - on - year changes for quarterly changes . ) Net income attributable to parent company's shareholders Millions of yen 800 1,750 Yen 920.60 847.94 % 0.7 9.7 Millions of yen 4,471 3,952 Dividends on equity ( Consolidated ) % 3.2 3.0 Net income per share Yen 42.15 92.21