Metal One Corporation and Subsidiaries
Financial Results for the Year Ended March 2023

20th Term(April 1, 2022 to March 31, 2023)

June 12, 2023
7-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Metal One Corporation株式会社メタルワン

Consolidated Statement of Financial Position (IFRS)(¥ million)
Liabilities

AssetsItem
Current assets

Previous fiscal year

Current fiscal year

(March 31, 2022)(March 31, 2023)

Change(amount)

Item

Previous fiscal year

Current fiscal year

(March 31, 2022)(March 31, 2023)

Change(amount)

884,812925,676

40,864Current liabilities

599,241

Cash and cash equivalents

13,53915,5992,060

Borrowings

278,544

280,7102,166

Trade and other receivables

514,209543,784

29,575Trade and other payables

294,565

318,424

23,859

573

904

331

3,721

3,420

-301

Other financial assets
Inventories

322,042

318,526

Advance payments to suppliers

13,636

21,882

Income tax receivable

2,393

Other current assets

Lease liabilities

635,828

36,587-3,516

Other financial liabilities

4,321

810

-3,511

8,246

Advances from customers

2,727

17,517

14,790

4,065

1,672

Income tax payable

5,657

4,209

-1,44818,42020,916

2,496

Other current liabilities

9,706

10,738

1,032

226,961

222,787-4,174Non-current liabilities

74,05553,476-20,579

70,98069,862-1,118Borrowings

53,04335,130-17,913

Other investments

31,70428,956-2,748Trade and other payables

1,178

1,007

-171

Other financial assets

189

357

168

Lease liabilities

7,652

5,844

-1,80896,937

97,062125

Other financial liabilities

57

40

-17

Retirement benefit obligation

Non-current assets
Investments accounted for using theequity methodProperty, plant and equipment
Intangible assets and goodwill

10,942

11,329

387

2,344

2,403

59

Right-of-use assets

11,1039,039-2,064

Deferred tax liabilities

8,560

8,150

-410

Deferred tax assets

2,751

4,034

1,283

Other non-current liabilities

1,221

902

-319

Other non-current assets

2,355

2,148

-207

Total liabilities

673,296689,304

16,00819,965EquityEquity attributable to owners of the parent

400,326420,291

Common stock

100,000

100,000-

Additional paid-in capital

51,22751,160-67

Other components of equity29,044

36,353

7,309

10,55618,4889,920
26,433-636
7,945

Retained earnings

220,055

232,778

12,723

Non-controlling interests

38,151

38,868717

Total equity

438,477

459,159

20,682

Total liabilities and equity

1,111,773

1,148,463

36,690

Other investments designated as
FVTOCI
Exchange differences on translating
foreign operations

Total assets

1,111,773

1,148,463

36,690株式会社メタルワン

Consolidated Statement of Income (IFRS)(¥ million)
Item

Previous fiscal year

Current fiscal year

April 1, 2021 toMarch 31, 2022

April 1, 2022 toMarch 31, 2023

Year-on-year
Change(amount)

Change(percentage)

Revenue

2,007,820

2,396,213

388,393

19.3%

Cost of sales-1,888,796-2,256,512-367,716

19.5%

Gross profit

119,024

139,701

20,677

17.4%

Selling, general and administrative expenses-77,078-84,867-7,78910.1%

Losses on investments-5,109

-192

4,917

-96.2%-439

950

1,389--815

-195

620

-76.1%

Other income

2,447

5,381

2,934

119.9%

Other expense-1,407-5,108-3,701263.0%

Finance income

1,091

1,031-60-5.5%

Finance costsShare of profit of investments accounted
for using the equity method
Profit before tax-3,789-9,328-5,539146.2%

10,417

8,734-1,683-16.2%

44,342

56,107

11,765

26.5%

Income taxes-11,948-10,885

1,063

-8.9%

Profit for the year

32,39445,222

12,828

39.6%

Owners of the parent

28,06441,516

13,4520

Non-controlling interests

4,330

3,706-624

0

Gains (losses) on disposal and sale ofproperty, plant and equipment and others
Impairment losses on property, plant andequipment and others

Profit for the year attributable to: