Results Briefing at the End of the
Fourth Quarter of the Fiscal YearEnding March 31, 2024

March 1, 2024

Prime Market, Tokyo Stock Exchange (Ticker Code: 8068)
https://www.ryoyo.co.jp/en/

Copyright 2024 © Ryoyo Electro Corporation

Change to the current accounting period

Ryoyo Electro resolved to change its accounting period (fiscal year end) at theExtraordinary General Meeting of Shareholders held on December 19, 2023.

➢ Change to the accounting period (fiscal year end)
Before thechange

January 31 each year

Previously

March 31 each year

➢ Consolidated periodYearMonthFiscal year-end20222023

2024

Jan. Feb. Mar. Apr. May Jun. Jul. Aug.Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug.Sept. Oct. Nov. Dec. Jan. Feb. Mar.

FY2022 (fiscal year ended January 2023)

Group companies
in JapanGroup companies
outside Japan

FY2023 (fiscal year ending March 2024)
14 months

15 months

FY2023 (the fiscal year ending March 31, 2024), the transitional period, will be an irregular accounting period forwhich the consolidated period will be the period outlined in red in the figure above.

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Copyright 2024 © Ryoyo Electro Corporation

Overview of the Fourth Quarterof the FY2023

Copyright 2024 © Ryoyo Electro Corporation

Results for the first 12 monthsof the fiscal year ending March 31, 2024
➢ Net sales were impacted by a decline relative to the recent semiconductor market boom and theend of some ICT software projects.
➢ The share of profit of entities accounted for using the equity method following the acquisition ofRyosan shares was ¥5.06 billion, recorded as non-operating income.
➢ Expenses for management integration (advisory costs, etc.) were ¥0.25 billion, recorded as an
extraordinary loss.
Reference

YoY Change

12 Months Ended
Jan. 31, 2024
ResultFiscal Year Ended
Jan. 31, 2023
ResultNet sales

124.1

129.9-5.8-4.5%

Gross profit

13.05

13.58 -0.53

-3.9%

(%)

10.5%

10.5%

(Billion yen)%

Selling, general and administrative expenses

9.18

8.89 +0.29+3.2%

Operating profit

3.88

4.69 -0.82-17.4%

(%)

3.1%

3.6%

Ordinary profit

8.42

4.48 +3.95+88.1%

Profit attributable to owners of parent

7.02

3.06 +3.97+129.8%

3Copyright 2024 © Ryoyo Electro Corporation

Factors impacting sales change➢ Semiconductors & devices: A wide range of sectors were impacted by a decline relative to therecent semiconductor market boom, including PCs & peripherals, where sales declined, mainly due
to lower sales of products for printers and projectors.
➢ ICT & solutions: Sales of each item generally remained firm and reached almost the same level as
the previous year, except for software, which declined due to the end of some projects.
Semiconductors & devices(Net sales by application)

ICT & solutions(Net sales by product)

Year-on-year change: Down ¥5.3 billionYear-on-year change: Down ¥0.5 billion

Digital consumer
electronics+0.9
Communication-0.4

Vehicleinstallation
-1.2

129.9

PC/server/
network+2.1

Embeddeddevices& others+1.5(Billion yen)I/Oequipment+1.7

Industrials& others-1.9
PCs &peripherals-2.8

Software
-5.1

124.1

Fiscal Year Ended
Jan. 31, 2023

12 Months Ended Jan.
31, 2024

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Copyright 2024 © Ryoyo Electro Corporation

Supplement: Net sales by product(Billion yen)

Semiconductors & devices

ICT & solutions

73.8（59.5%）

50.2（40.5%）

12 Months Ended
Jan. 31, 2024

▲6.7%

Fiscal Year Ended
Jan. 31, 2023

▲1.0%

79.2（60.9%）

50.8（39.1%）

Semiconductors & devices
Net sales by product
79.2
8.8

Analog & power
semiconductors

Net sales by application

7.2

39.9

Logic
semiconductors

6.2

Memorysemiconductors
RF & opticalsemiconductors
LCDs

12.3

Other electronic
devices

4.1

Fiscal Year Ended
Jan. 31, 2023

50.8

50.2

Communication

Digitalconsumer
electronics

6.9

11.9

7.2
31.2

PC/server/network

I/O equipment

14.0

8.3

37.1
3.9

7.9

Net sales by product

73.8

8.7

30.3

129.9

ICT & solutions

79.2
73.8

124.115.8
5.8

Vehicleinstallation
PCs &peripherals

2.7

15.3

Software16.4

Embedded
devices& others

13.0

3.2
4.2

21.9
14.8

Industrials &others

12 Months Ended Fiscal Year Ended
Jan. 31, 2024
Jan. 31, 2023

10.0

20.0

12 Months Ended Fiscal Year Ended
Jan. 31, 2024
Jan. 31, 2023

17.9

12 Months Ended
Jan. 31, 2024

Copyright 2024 © Ryoyo Electro Corporation

Business Plan for the FY2023

Copyright 2024 © Ryoyo Electro Corporation

Annual targets
The full-year earnings forecasts, revised in November 2023 in conjunction
with the change to the accounting period, remain unchanged.
FY2024/3

FY2023/1(Full year)(Billion yen)

12 Months
Ended
Jan. 31, 2024
ResultResult

Feb. - Mar.

Full Fiscal Period

TargetTargetAnnual Progress
as ofJan. 31, 2024

Net sales

129.9

124.1

25.9

150.0

82.7%

Gross profit

13.58

13.05

2.70

15.75

82.9%

(%)

10.5%

10.5%

10.4%

10.5%

Selling, general andadministrative expenses

8.89

9.18

1.97

11.15

82.3%

Operating profit

4.69

3.88

0.72

4.60

84.3%

(%)

3.6%

3.1%

2.8%

3.1%

Ordinary profit

4.48

8.42

0.78

9.20

91.6%

Profit attributable to owners of parent

3.06

7.02

0.16

7.18

97.8%

ROE

7.0%

14.9%

The target figures cover the two-month period (Feb. - Mar.) for group companies inJapan and the three-month period (Jan. - Mar.) for group companies outside Japan.

7Copyright 2024 © Ryoyo Electro Corporation

Shareholder returns➢ Dividend policy: Aim for a dividend on equity (DOE) of 5%.

May revision
Based on the outlook for record-high profit attributable to owners of parent, the company
raised its planned dividend in May (Q1 earnings release).
October revision
The company raised its planned dividend again in conjunction with the change to theaccounting period (12 ⇒ 14-month accounting period).
Dividend per Share (Yen)FY2024/3

Interim (Q2)

Year-End

Full Year

October revision

80100

180

May revision

80

80

160

Initial plan

60

60

120

Result50

60

110

FY2024/1

FY2023/1(Note)
FY2023/1: Fiscal year ended January 2023

FY2024/1: Fiscal year ending January 2024

FY2024/3: Fiscal year ending March 2024
Copyright 2024 © Ryoyo Electro Corporation

Management Integration with Ryosan

9Copyright 2024 © Ryoyo Electro Corporation

Overview of the Joint Holding Company (Planned)

Trade name

Ryoyo Ryosan Holdings, Inc.

Location of the head office

2-3-5 Higashi-Kanda, Chiyoda-ku, Tokyo, 101-0031, Japan

Location of the headquarters

1-12-22 Tsukiji, Chuo-ku, Tokyo, 104-8408, Japan

Organizational structure

A company with an audit and supervisory committee

Representatives

Representative Director, President
Representative Director, Vice President

CapitalJPY 15 billion

Scheduled date of establishment

April 1, 2024

Fiscal year-end

March 31

Moritaka Nakamura
Kazuhiko Inaba

Copyright 2024 © Ryoyo Electro Corporation

Share Listing ofNewly Established Joint Holding Company
As of March 1, 2024, Ryoyo Ryosan Holdings, Inc. received approval for
its initial listing on the Prime Market of the Tokyo Stock Exchange (TSE).

Listed company name

Ryoyo Ryosan Holdings, Inc.

Listed exchange

Prime Market, Tokyo Stock Exchange

Date of listing

April 1, 2024 (scheduled)

Security code

167A

Trading unit

100 shares

Ryoyo Electro's shares are scheduled to be delisted from TSE on March 28, 2024.

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Copyright 2024 © Ryoyo Electro Corporation

About this report

NoteThe business results and forecasts for the future contained in thispresentation are based on certain assumptions deemed reasonable atthe time of release. Actual results may differ from the original forecasts
due to economic conditions and various other factors.

Contact

Public Relations Dept., Corporate Planning Div.
Ryoyo Electro Corporation
Tel: +81-3-3546-6331
E-mail: irmanager@ryoyo.co.jp

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Copyright 2023 © Ryoyo Electro Corporation