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, 2023
(Based on Japanese GAAP)
January 30, 2024
Company name:
SUN-WA TECHNOS CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

8137
URL https://www.sunwa.co.jp/
President and Representative Director
Akihiro matsuo

Inquiries:

Executive Officer and General Manager
Administration Headquarters

Takamichi Matoba

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 13, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
NoTEL

03-5202-4011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2023
128,131(2.3)
4,714 (13.0)
4,924
(9.9)
3,911
1.5
Nine months ended December 31, 2022
131,130
20.1
5,421
63.9
5,468
56.0
3,854
54.0
Earnings per share

Diluted earnings per shareYen
257.30249.16Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen––(2) Consolidated financial positionTotal assets

Net assets

Millions of yen
102,537
106,581

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
47,011
44,484

%
45.8
41.7

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2023

Yen–

Yen
20.00

Yen–

Yen
70.00

Yen
90.00

Year ending March 31, 2024

–

45.00

–
50.00

95.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Full year

Millions of yen
165,000Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
(8.8)
5,700 (25.3)
6,000 (21.8)
4,800 (12.6)
315.761

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(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:

NoNo

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, 2023

16,044,000 shares As of March 31, 2023

16,044,000 shares

Number of treasury shares at the end of the period
As of December 31, 2023

932,459 shares As of March 31, 2023

562,331 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

15,201,322 shares Nine months ended December 31, 2022

215,469,013 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

14,14548,455

14,91742,031

Electronically recorded monetary claims - operating
Merchandise

10,467
17,488

10,262
20,493Work in process
Other

3
3,871

5
3,381

Allowance for doubtful accounts
Total current assets

(167)

(154)

94,26390,936

2,272
221

2,150
188

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

9,824

9,261

Total non-current assets

12,318

11,600106,581

102,537

Notes and accounts payable - trade
Electronically recorded obligations - operating

25,98819,347

21,131
16,632

Short-term borrowings
Income taxes payable

9,557
1,378

9,123
617

Provisions
Other–
3,598

46
2,905

Total current liabilities

59,87050,456

Total assets
Liabilities
Current liabilities

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

–

3,000

52

51

124

134

775

796

Other

1,274

1,086

Total non-current liabilities

2,227

5,069

62,09755,525

Shareholders' equity
Share capital

3,727

3,727

Capital surplus
Retained earnings

3,544
31,742

3,587
33,890Treasury shares(812)(1,680)38,202

39,524

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

4,319
1,962

4,060
3,425

Total accumulated other comprehensive income

6,282

7,486

44,48447,011

106,581

102,537

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, 2022

December 31, 2023

Net sales
Cost of sales

131,130
114,370

128,131111,759

Gross profit

16,75916,371

Selling, general and administrative expenses

11,338

11,657

Operating profit

5,421

4,714

Interest income
Dividend income

17141

9148

Purchase discounts
Rental income from buildings

30
104

28
110

Other119130

Total non-operating income

413

427

Interest expenses
Loss on sale of trade receivables

9433

143
22

Foreign exchange losses
Other220
1733
17

Total non-operating expenses

366

216

5,468

4,924

Gain on sale of non-current assets
Gain on sale of investment securities–
128701Gain on sale of shares of subsidiaries and associates

21–

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

34710

Profit before income taxes

Total extraordinary income

5,502

5,634

Income taxes

1,647

1,723

Profit

3,854

3,911

Profit attributable to owners of parent

3,854

3,911

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

3,854

3,911

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

(426)
1,872

(259)
1,463

Total other comprehensive income

1,445

1,204

5,300

5,115

5,300

5,115

––

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