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, 2021
(Based on Japanese GAAP)
January 28, 2022
Company name:
SUN-WA TECHNOS CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

8137
URL https://www.sunwa.co.jp/
President and Representative Director
Hiroyuki Tanaka

Inquiries:

Executive Officer and General Manager
Administration Headquarters

Katsuya Tamaki

TEL

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

February 10, 2022–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo03-5202-4011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)(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, 2021
109,19215.9
3,307 191.2
3,504 161.7
2,502 167.8
Nine months ended December 31, 2020
94,184
(5.7)
1,135
11.3
1,338
7.7
934
6.3
Earnings per share

Diluted earnings per share

Yen
158.9959.23

Nine months ended December 31, 2021
Nine months ended December 31, 2020

Yen––(2) Consolidated financial position
Total assets

Net assetsMillions of yen
86,73076,381

As of December 31, 2021
As of March 31, 2021

Equity ratio

Millions of yen
37,27335,030%43.0
45.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2021
Year ending March 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––Yen
17.00
17.00

Yen––

Yen
17.00

Yen
34.00

20.00

37.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Net sales
Full year

Millions of yen
156,500

Percentages 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
16.1
4,300
99.8
4,600
79.2
3,240
81.4
205.82

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2021
(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
NoChanges 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, 2021

16,044,000 shares As of March 31, 2021

16,044,000 shares

Number of treasury shares at the end of the period
As of December 31, 2021

600,419 shares As of March 31, 2021

267,312 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2021

15,741,795 shares Nine months ended December 31, 2020

215,776,819 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021

As of December 31, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

13,11336,392

13,269–Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating

–
6,061

38,467
9,327

MerchandiseWork in process

7,935
0

12,364
5

Other
Allowance for doubtful accounts

1,036
(109)

1,687
(120)

Total current assets

64,43075,003

Non-current assets
Property, plant and equipment

2,590

2,120

Intangible assets
Investments and other assets

170
9,190

208
9,398

Total non-current assets

11,951

11,72776,38186,73016,554

17,12912,901
4,148

18,310
4,661

500
393

2,900
642

Provisions
Other–
1,873

64
3,100

Total current liabilities

36,372

46,807

Non-current liabilities
Long-term borrowings

2,400–

199

177

104

111

978

1,008

1,295

1,351

Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable

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

3

4,978

2,650

41,35049,457

(Millions of yen)
As of March 31, 2021

As of December 31, 2021

Net assets
Shareholders' equity
Share capital

3,727

3,727

Capital surplus
Retained earnings

3,548
23,827

3,549
25,792

Treasury shares

(300)

(867)

30,80232,202

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

4,235
(7)

4,418
651

Total accumulated other comprehensive income

4,228

5,070

35,03037,27376,38186,730Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4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, 2020

December 31, 2021

Net sales
Cost of sales

94,184
84,213

109,192
95,816Gross profit

9,971

13,376

Selling, general and administrative expenses

8,835

10,068Operating profit

1,135

3,307

Interest income
Dividend income

998

14104

Purchase discounts
Rental income from buildings26101

30100

Non-operating income

Other

67

79

Total non-operating income

303

330

Interest expenses
Loss on sale of trade receivables

37
2334
29

Foreign exchange losses
Other

27
1157
12

Total non-operating expenses

100134

1,338

3,504

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

7–

61
21

Total extraordinary income

782

Extraordinary losses
Loss on valuation of membership

9–

Non-operating expenses

Ordinary profit
Extraordinary income

Total extraordinary losses

9–

1,337

3,586

Income taxes

402

1,084Profit934

2,502

Profit attributable to owners of parent

934

2,502

Profit before income taxes

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2020

December 31, 2021
934

2,502

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

1,892
(197)

183
658

Total other comprehensive income

1,695

842

2,629

3,344

2,629

3,344––

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

6