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 Three Months Ended June 30, 2024
(Based on Japanese GAAP)
July 29, 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 commence dividend payments:
Preparation of supplementary material on financial results:–Yes

Holding of financial results meeting:

NoTEL

03-5202-4011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2024
Three months ended June 30, 2023

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%
31,848 (24.6)
652 (61.5)
785 (59.9)
605 (56.2)
42,262
8.1
1,693
26.2
1,957
22.7
1,382
21.9
Earnings per share

Diluted earnings per share

Yen
40.07
89.97

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
96,742
98,707

Equity ratio

Millions of yen
48,31247,966

%
49.9
48.6

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

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2024

Yen–

Yen
45.00

Yen–

Yen
50.00

Yen
95.00

Year ending March 31, 2025

–
50.00

–

60.00

110.00Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profitOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
67,600 (23.9)
1,030 (70.1)
1,230 (66.8)
1,000 (67.5)
66.17
September 30, 2024
Full year
155,070(6.7)
3,080 (50.4)
3,220 (51.4)
2,410 (51.9)
159.481

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

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
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

16,044,000 shares As of March 31, 2024

16,044,000 shares

Number of treasury shares at the end of the period
As of June 30, 2024

932,599 shares As of March 31, 2024

932,459 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

15,111,494 shares Three months ended June 30, 2023

215,369,948 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

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

19,08138,487

21,45035,221

Electronically recorded monetary claims - operating
Merchandise

8,930
17,417

8,334
17,809Work in process
Other

4
2,570

16
2,390

Allowance for doubtful accounts
Total current assets

(141)

(133)

86,35085,089

2,256
166

2,232
159

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

9,933

9,260

Total non-current assets

12,356

11,652

98,70796,742

Notes and accounts payable - trade
Electronically recorded obligations - operating

16,93915,65017,227
13,969

Short-term borrowings
Income taxes payable

9,007
898

8,840
401

Provisions
Other–
2,628

16
2,564

Total current liabilities

45,12443,020Non-current liabilities
Long-term borrowings

3,000

3,000

51

51

137

141

Total assets
Liabilities
Current liabilities

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

770

779

Other

1,655

1,437

Total non-current liabilities

5,615

5,410

50,74048,430Shareholders' equity
Share capital

3,727

3,727

Capital surplus
Retained earnings

3,587
34,986

3,58734,836

Treasury shares(1,680)(1,680)Total shareholders' equity

40,62040,470

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

4,544
2,801

4,090
3,751

Total accumulated other comprehensive income

7,346

7,842

47,96648,312

98,70796,742

Total liabilities
Net assets

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)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

42,26236,817

31,84827,358Gross profit

5,444

4,490

Selling, general and administrative expenses

3,751

3,838

Operating profit

1,693

652

Interest income
Dividend income

166

556

Purchase discounts
Rental income from buildings

1137

638

Foreign exchange gains
Other

141
68

33
62

Total non-operating income

326

201

Non-operating income

Non-operating expenses
Interest expenses

4552

Loss on sale of trade receivables
Other8987

Total non-operating expenses

62

68

1,957785

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

8––
147

Total extraordinary income

8147

1,966

932

Ordinary profit
Extraordinary income

Profit before income taxes
Income taxes

583

326

Profit1,382

605

Profit attributable to owners of parent

1,382605

4

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

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
1,382605

Valuation difference on available-for-sale securities
Foreign currency translation adjustment710
236(454)950

Total other comprehensive income

947

495

2,329

1,101

2,329

1,101––

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

5