Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
January 30, 2023
Company name:
SUN-WA TECHNOS CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:
Inquiries:

8137
URL https://www.sunwa.co.jp/
Chairman,President and Representative
Director
Executive Officer and General Manager

Hiroyuki Tanaka
Katsuya Tamaki

Administration Headquarters
Scheduled date to file Quarterly Securities Report:

TEL

03-5202-4011

February 10, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended December 31, 2022
Nine months ended December 31, 2021

Millions of yen
131,130
109,192

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
20.1
5,421
63.9
5,468
56.0
3,854
54.0
15.9
3,307 191.2
3,504 161.7
2,502 167.8

Earnings per share

Diluted earnings per shareYen
249.16158.99Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2022
As of March 31, 2022

Net assets

Millions of yen
102,206
93,078Equity ratio

Millions of yen
42,75438,023

%
41.8
40.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
17.00
20.00

Yen––

Yen
20.00

Yen
37.00

70.00

90.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
174,000
12.7
6,500
35.3
6,650
28.0
4,650
30.0
300.601

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
Yes

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

16,044,000 shares As of March 31, 2022

16,044,000 shares

Number of treasury shares at the end of the period
As of December 31, 2022

562,307 shares As of March 31, 2022

600,439 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

15,469,013 shares Nine months ended December 31, 2021

215,741,795 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of December 31, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

14,04943,146

12,04745,513

Electronically recorded monetary claims - operating
Merchandise

8,851
12,006

11,307
19,922Work in process
Other

0
4,310

22
3,146

Allowance for doubtful accounts
Total current assets

(155)

(168)

82,20991,791

2,230
226

2,183
234

Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets

8,411

7,996

Total non-current assets

10,868

10,414

93,078102,206

Notes and accounts payable - trade
Electronically recorded obligations - operating23,472
17,204

23,16021,064

Short-term borrowings
Current portion of long-term borrowings

5,405
2,400

9,325
–

Income taxes payable
Provisions

1,244
–

814
59

Other

3,070

3,067

Total current liabilities

52,79757,492

177

52

114

121

Total assets
Liabilities
Current liabilities

Non-current liabilities
Long-term accounts payable - other
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability

955

982

Other

1,010

802

Total non-current liabilities

2,257

1,958

55,05459,451

Shareholders' equityShare capital

3,727

3,727

Capital surplus
Retained earnings

3,549
26,867

3,544
30,103

Treasury shares

(867)

(812)

33,27736,562

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

3,721
1,024

3,294
2,897

Total accumulated other comprehensive income

4,746

6,192

38,02342,754

93,078102,206

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

3Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

Net sales
Cost of sales

109,192
95,816

131,130
114,370

Gross profit

13,376

16,759Selling, general and administrative expenses

10,068

11,338Operating profit

3,307

5,421

Interest income
Dividend income

14104

17141

Purchase discounts
Rental income from buildings

30
100

30
104

Other79

119

Total non-operating income

330

413

Interest expenses
Loss on sale of trade receivables

34
29

9433Foreign exchange losses
Other5712220
17

Total non-operating expenses

134366

3,504

5,468

Gain on sale of non-current assets
Gain on sale of investment securities

2161

–
12

Gain on sale of shares of subsidiaries and associates–

21

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

82

34

Profit before income taxes

Total extraordinary income

3,586

5,502

Income taxes

1,084

1,647

Profit

2,502

3,854

Profit attributable to owners of parent

2,502

3,854

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2021

December 31, 2022

2,502

3,854

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

183
658

(426)
1,872

Total other comprehensive income

842

1,445

3,344

5,300

3,344

5,300

––

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests5