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.

May 11, 2023

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)
Company name: OKADA AIYON Corporation
Listing:
Tokyo Stock Exchange
Securities code:
6294
URL:
http://www.aiyon.co.jp/
Representative:
Yuji Okada, President and Representative Director
Inquiries:
Nobuo Maenishi, Managing Director
Telephone:+81-6-6576-1281
Scheduled date of annual general meeting of shareholders:June 23, 2023
Scheduled date to commence dividend payments:
June 26, 2023
Scheduled date to file annual securities report:
June 23, 2023
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
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.)

Net sales

Operating profitProfit attributable toowners of parent

Ordinary profit

Fiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2023

23,575

16.1

1,965

10.9

1,961

8.4

1,414

18.8

March 31, 2022

20,306

15.4

1,771

28.7

1,808

26.2

1,190

29.5

Note: Comprehensive income

For the fiscal year ended March 31, 2023:
For the fiscal year ended March 31, 2022:

Basic earnings
per share

Diluted earnings
per share¥1,664 million¥1,375 million

Return on equity[21.0%][52.7%]

Ratio of ordinaryprofit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

Yen

Yen

March 31, 2023

176.33175.54

10.7

7.0

8.3

March 31, 2022

148.63147.85

10.0

7.6

8.7

Reference:%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2023:¥2 million
For the fiscal year ended March 31, 2022:¥1 million(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratioNet assets per share

Millions of yen

Millions of yen

March 31, 2023

30,59413,961

45.6

1,736.90

March 31, 2022

25,516

12,54449.1

1,561.64

Reference:

EquityAs of March 31, 2023:
As of March 31, 2022:¥13,936 million¥12,518 million%

Yen(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

-658

-2,567

2,774

3,096

March 31, 2022

969

-1,623

-111

3,574

2. Cash dividendsAnnual dividends per shareFirstSecond
Thirdquarter-end quarter-end quarter-end

Fiscalyear-end

Total cash
dividends(Total)

Total

YenYenYenYen-

0.00

-

32.00

32.00

-

0.00

-

38.00

38.00

-

0.00

-

56.00

56.00

Fiscal year ended
March 31, 2022
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
(Forecast)

Ratio ofPayout ratio dividends to(Consolidated) net assets(Consolidated)

Yen Millions of yen%%

256

21.5

2.1304

21.6

2.3

30.0

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

Operating profit

Earnings pershare

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Six months

12,400

6.2

1,160

4.9

1,140-2.5

760

-3.3

94.72

Full year

25,500

8.2

2,300

17.0

2,250

14.7

1,500

6.1

186.94

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the changein scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023

8,378,700 shares

As of March 31, 2022

8,378,700 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2023

354,947 shares

As of March 31, 2022

362,315 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2023

8,020,857 sharesFiscal year ended March 31, 2022

8,010,285 shares[Reference] Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 toMarch 31, 2023)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

ProfitFiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2023

16,847

10.3

725

27.9

861

6.4

679

28.7

March 31, 2022

15,275

17.1

567

-0.8

809

-3.1

528

-2.4

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

Yen

March 31, 2023

84.72

84.34

March 31, 2022

65.94

65.59

(2) Non-consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2023

23,320

9,543

40.8

1,186.32

March 31, 2022

19,757

9,104

46.0

1,132.55

Reference:

EquityAs of March 31, 2023:
As of March 31, 2022:¥9,518 million¥9,078 million%

Yen

* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements regarding future performance in this material are based on information currently
available to the Company and certain assumptions that the Company deems to be reasonable at the time thisreport was prepared. Therefore, the Company does not make promises about the achievements. Actual results
may differ significantly from the forecasts due to various factors.