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 Year Ended March 31, 2023
(Based on Japanese GAAP)May 12, 2023
Company name:

YAMAZEN CORPORATION

Stock exchange
listing:
Stock code:

Tokyo

Representative:
Inquiries:

President, CEO

Koji KISHIDAManager, IR & PR Dept.
Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

Hayato HIRATA
June 27, 2023
June 28, 2023
June 9, 2023

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

NoNo8051

URL https://www.yamazen.co.jp/TEL 06-6585-7028(Amounts less than one million yen are rounded down)

1. Consolidated financial results Year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(1) Consolidated operating results

Percentages indicate year-on-year changes

Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Year ended March 31, 2023

527,263

5.1

16,563(3.3)

17,2801.1

12,527

4.2

Year ended March 31, 2022

501,872-

17,133-17,093-

12,023-

Note: Comprehensive income

Year ended March 31, 2023: ¥14,395 million [2.1%]
Year ended March 31, 2022: ¥14,102 million [ - %]Basic earnings
per share

Diluted earnings
per share

Yen

Ratio of ordinary
profit to total assets

Return on equity

Yen%Ratio of operating
profit to net sales%%

Year ended March 31, 2023

141.00129.47

10.6

6.0

3.1

Year ended March 31, 2022

133.74123.82

10.9

6.5

3.4

Reference:

Share of profit (loss) of entities accounted for using equity method
Year ended March 31, 2023: ¥ - million
Year ended March 31, 2022: ¥ - million(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

As of March 31, 2023

288,888

123,75742.6

1,383.65

As of March 31, 2022

282,654

113,36739.9

1,268.98

Reference:%

Yen

EquityAs of March 31, 2023: ¥122,928 million
As of March 31, 2022: ¥112,741 million(3) Consolidated cash flows
Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalents
activities
activities
activities
at end of period
Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended March 31, 2023

7,765

(3,297)(5,177)

81,128Year ended March 31, 2022

7,054

(2,766)967

81,153

2. Cash dividends
Total cash
dividends (Total)

Payout ratio(Consolidated)

Ratio ofdividends to net
assets(Consolidated)

Yen Millions of yen%%

Annual dividends per share
1st quarter-end

2nd quarterend

3rd quarterend

Fiscal yearend

Yen

YenYen

Yen

Year ended March 31, 2022

-

10.00

-

25.00

35.00

3,115

26.2

2.9

Year ended March 31, 2023

-

20.00

-

20.00

40.00

3,560

28.4

3.0

Total

Year ending March 31, 2024
20.00
25.00
45.00
(Forecast)
Note: The year-end dividend for the year ended March 31, 2023 will be decided by the Board of Directors on May 18.

40.0

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

Millions of yen

Six months ending
September 30, 2023
Full year

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit%

Millions of yen%

Millions of yen

Earnings per share%Yen

270,000

3.1

6,500 (20.2)

6,500 (25.4)

4,400 (23.3)

49.53

550,000

4.3

15,00015,000 (13.2)

10,000 (20.2)

112.56(9.4)

* Notes(1) Changes in significant subsidiaries during the year ended March 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation): No(2) 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: No
Changes in accounting policies due to other reasons:No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023

95,305,435 shares As of March 31, 2022

95,305,435 shares

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

6,461,972 shares As of March 31, 2022

6,461,874 shares

Average number of shares outstanding during the period
Fiscal year ended March 31, 2023

88,843,523 shares Fiscal year ended March 31, 2022

89,904,242 shares

Note: The company has introduced Board Benefit Trust (BBT). Number of treasury shares at the end of the period include the Company’s shares
held by Board Benefit Trust (BBT) (180,000 shares as of March 31, 2023, 180,000 shares as of March 31, 2022). In addition, number of treasury
shares excluded for calculating the average number of shares during the period include the Company’s shares held by Board Benefit Trust (BBT)(180,000 shares for the fiscal year ended March 31, 2023, 180,000 shares for the fiscal year ended March 31, 2022).

[Reference] Overview of non-consolidated financial results
Non-consolidated financial results Year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(1) Non-consolidated operating results

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Year ended March 31, 2023

464,013

4.5

11,176(12.1)

12,282(15.2)

9,431(12.2)

Year ended March 31, 2022

444,000-

12,707-

14,476-

10,740-

Basic earnings
per share

Diluted earnings
per share
Yen

Yen

Year ended March 31, 2023

106.16

97.47

Year ended March 31, 2022

119.46110.60(2) Non-consolidated financial positionTotal assets

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

Year ended March 31, 2023

245,532

96,20839.2

1,082.90

Year ended March 31, 2022

243,376

90,72137.3

1,021.14

Reference:

EquityAs of March 31, 2023:
As of March 31, 2022:¥96,208 million¥90,721 million%Yen* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters (Caution concerning forward-looking statements)

The forward-looking statements, including earnings forecasts, contained in these materials are based on information
currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purportthat the Company pledges to realize such statements. Actual performance and other results may differ materially due tovarious factors.
(Method of accessing financial summary presentation material)
Financial summary presentation material for the meeting will be provided on the Company’s website.