Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between
this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
Under Japanese GAAPMay 12, 2023
Company name
L i s t i n g
Securities code
URL
Representative
I n q u i r i e s
T e l e p h o n e:::::::

Tsurumi Manufacturing Co.,Ltd.
Tokyo Stock Exchange6351
https://www.tsurumipump.co.jp
Osamu Tsujimoto, PresidentKeiichiro Tsuruga, Director & Senior Executive Officer, Accounting & Finance Division+81-6-6911-2350

Scheduled date of annual general meeting of shareholders
Scheduled date to commence dividend payments
Scheduled date to file annual securities report
Preparation of supplementary material on financial results
Holding of financial results briefing:::::June 27, 2023
June 8, 2023
June 28, 2023
Yes
Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2023(from April 1, 2022 to March 31, 2023 )(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31,2023
March 31,2022

56,21951,214

9.8
13.0

7,263
5,508

31.9
(0.7)

8,991
7,368

22.0
15.0

6,262
4,817

30.0
15.9

Note

Comprehensive income
For the fiscal year ended March 31, 2023 : ¥7,887 million [26.8%]
For the fiscal year ended March 31, 2022 : ¥6,217 million [ 7.8%]

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

March 31,2023
March 31,2022

253.96
192.50Return on equity

Yen

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

%%%

8.5
7.0

9.7
8.7

12.9
10.8

Reference Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2023 :For the fiscal year ended March 31, 2022 :(2) Consolidated financial position
Total assets
As ofMarch 31,2023
March 31,2022

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

99,00087,29978,161
71,84877.7
81.1

3,137.70
2,841.77

Reference Equity
As of March 31, 2023
As of March 31, 2022::

¥76,890 million¥70,833 million

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end of
periodCash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31,2023
March 31,2022

2,9662,003(2,654)(2,508)3,012(1,964)

19,436
14,288

2. Cash dividends
Annual dividends per shareFirstquarter-end
Fiscal year ended

Secondquarter-end

Thirdquarter-end

Yen

Yen

Yen

March 31,2022

Fiscalyear-end

Total

Total cash
dividends(Total)Ratio ofdividends tonet assets

Payout ratio(Consolidated)(Consolidated)

Yen

Yen

Millions of yen%%

17.00

23.00

40.00

998

20.8

1.5

20.00

24.00

44.00

1,081

17.3

1.5

22.00

24.00

46.00

Fiscal year ended

March 31,2023
Fiscal year ending

March 31,202420.1(Forecast)
Notes 1. Breakdown of the second quarter-end dividend for the fiscal year ended March 31, 2023
Ordinary dividend: ¥18.00 per share
Commemorative dividend * : ¥ 2.00 per share* Commemorative dividend have been implemented for the 25th anniversary of foundation of our Taiwan plant and its
annual production volume exceeding 400,000 units.
2. Breakdown of the fiscal year-end dividend for the fiscal year ended March 31, 2023
Ordinary dividend: ¥22.00 per share
Commemorative dividend * : ¥ 2.00 per share* Commemorative dividend will be implemented for the completion of the casting plant of Alloy Technology Co.,
Ltd.(subsidiary company in Japan).
3. Breakdown of the second quarter-end dividend forecast for the fiscal year ending March 31, 2024
Ordinary dividend: ¥20.00 per share
Commemorative dividend * : ¥ 2.00 per share* Commemorative dividend will be implemented for the acquisition of the Construction Technology Reviewand Certification for our newly developed product "Submersible Smashing Cutter Pumps BN series".

3. Consolidated financial results forecast for the fiscal year ending March 31, 2024(from April 1, 2023 to March 31, 2024 )(Percentages indicate changes from the previous corresponding period.)

Net sales

Six months ending
September 30, 2023
Fiscal year ending
March 31,2024

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basicearnings
per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

26,1000.1

2,350(8.5)

3,150(37.6)

2,210(32.2)

90.18

56,3000.1

6,700(7.8)

8,000(11.0)

5,600(10.6)

228.52Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement. Changes in accounting policies due to revisions to accounting standards and other regulations:. Changes in accounting policies due to other reasons: None
. Changes in accounting estimates: None
. Restatement: NoneNone

(3) Number of issued shares (common shares). Number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023:
27,500,000 shares
As of March 31, 2022:
27,500,000 shares. Number of treasury shares at the end of the period
As of March 31, 2023:
2,994,467 shares
As of March 31, 2022:
2,574,311 shares. Average number of shares outstanding during the period
Fiscal year ended March 31, 2023: 24,659,383 sharesFiscal year ended March 31, 2022: 25,025,067 shares* The consolidated financial results are exempt from audit conducted by certified public accountants or an audit corporation.
* Explanations of the appropriate use of financial forecasts and other special notes
The forecasts, including financial results forecast, given in this document are based on information available to the Company andon certain assumptions deemed to be reasonable at the time of the issuance of this document. And the Company does not guarantee
the achievement of these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.

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