May 13, 2024

Consolidated Earnings Report for Fiscal Year 2023, Ended March 31, 2024
[Japanese Standards]
Ryoyo Ryosan Holdings, Inc.
Stock listing: Prime Market, Tokyo Stock Exchange(Ryosan Company, Limited portion)
Securities code:
167A
URL https://www.rr-hds.co.jp/
Representative:
Moritaka Nakamura, Representative Director, President
Hideo Yuasa, Executive Officer,
Inquiries:
TEL: +81-3-3862-2591
General Manager, Finance and Accounting Headquarters, Ryosan Company, Limited
Scheduled date of the Annual General Meeting of Shareholders:June 28, 2024
Scheduled payment date of dividend:
May 31, 2024
Scheduled filing date of the Annual Securities Report:
June 28, 2024
Supplementary materials for the annual financial results:
Yes
Investor conference for the annual financial results:
Yes (for security analysts and institutional investors)
Company name:(Millions of yen rounded down)

1. Consolidated results for the fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Consolidated operating results(% change compared with the same period of the previous fiscal year (YoY))
Profit attributable toOperating income
Ordinary income
owners of parent

Net sales
Millions of yen%

Millions of yen%

Fiscal Year 2023
277,003(14.9)
9,099
Fiscal Year 2022
325,657
19.4
15,423(Note) Comprehensive income
Fiscal Year 2023: 9,892 million yen (-13.1%),
Basic earnings
per share(41.0)
74.1

6,767
13,361%Millions of yen(49.4)
65.3

%

4,766
9,224

(48.3)
72.1

Fiscal Year 2022: 11,383 million yen (43.6%)
Ordinary
Operating
Return on
income to net
incomeequityassetsto net sales

Diluted earnings
per share

Yen

Millions of yen

Yen%

Fiscal Year 2023
203.33－
4.5
Fiscal Year 2022
393.70－
9.3(Reference) Equity in earnings (losses) of non-consolidated subsidiaries and affiliates:
Fiscal Year 2023: 11 million yen,
Fiscal Year 2022: 61 million yen

%

%

3.7
7.1

3.3
4.7

(2) Consolidated financial position
Total assets

Net assets tototal assets

Net assets

Millions of yen

March 31, 2024
174,476
March 31, 2023
188,188(Reference) Shareholders equity:
March 31, 2024: 108,958 million yen,

Net assets
per share

Millions of yen%

Yen

108,958
102,73162.4
54.6

4,648.67
4,383.09

March 31, 2023: 102,731 million yen(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal Year 2023
Fiscal Year 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at the end of the period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

38,396
19,587

(485)
(427)

(18,934)(15,381)

37,483
16,752

2. Dividends(Record date)Fiscal2022
Fiscal2023

End of
1Q

Dividends per share (Yen)End of
End of
End of
2Q
3Q
4Q

Annual(Millions of yen rounded down unless otherwise stated)
Dividends to net
Dividends
Payout ratio
assets ratio(Full fiscal year)(consolidated) %(consolidated) %

Year

－

75.00

－

90.00

165.00

3,870

41.9

3.9

Year

－

60.00

－

90.00

150.00

3,516

73.8

3.3

* Notes(1) Transfer of major subsidiaries during term (transfer of specified subsidiaries in line with changes in the consolidated range): NoneNew:

― (Company name:)

Excluded:― (Company name:)(2) Changes in accounting principles, changes in accounting estimates, and restatements
1) Changes in accordance with revisions to accounting standards and related practices of accounting principles: None
2) Changes in items of accounting principles other than 1) above: None
3) Changes in accounting estimate: None
4) Restatement: None
(3) Number of shares issued and outstanding (common shares)
1. Total number of shares issued andoutstanding (including treasury

March 31, 2024

24,983,090 shares

March 31, 2023

25,000,000 shares

March 31, 2024

1,544,420 shares

March 31, 2023

1,561,844 shares

March 31, 2024

23,439,850 shares

March 31, 2023

23,430,367 sharesshares) at the period-end
2. Total number of treasury shares atthe period-end

3. Average number of shares
outstanding during the period(Reference) Overview of non-consolidated operating results
1. Non-consolidated results for the fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results(% change compared with the same period of the previous fiscal year (YoY))
Net sales

Operating income

Millions of yen

Fiscal Year 2023
Fiscal Year 2022%

161,006
190,816(15.6)
11.8

Basic earnings
per share
Fiscal Year 2023
Fiscal Year 2022

Millions of yen

4,353
7,359

Diluted earnings per
share

Yen

Yen

253.41222.34－－

Ordinary income%(40.8)
81.3

Millions of yen

6,506
7,660

Profit%(15.1)
38.4

Millions of yen

5,939
5,209

%

(14.0)
82.9

(2) Non-consolidated financial position
Total assets

Net assets tototal assets

Net assets

Net assets
per share

Millions of yen

Millions of yen%

Yen

March 31, 2024
101,027
March 31, 2023
113,736(Reference) Shareholders equity:
March 31, 2024: 69,420 million yen,

69,42066,23468.7
58.2

2,961.80
2,825.91

March 31, 2023: 66,234 million yen

Reason for difference in non-consolidated operating results between the fiscal year under review and the previous fiscal
year
Although implementation of measures contained in the 11th Medium-Term Business Plan had some effect, the impactsof the macroeconomic environment and softening demand were significant. Net sales in the period under review declined
against the same period last fiscal year, and this declining-revenue environment drove decreases in both operating andordinary income.
Net income rose from the same period last fiscal year as a result of partial reversal of allowance. This action resulted ina variance between the business results of the previous fiscal year and those of the period under review.
This earnings report is not subject to audits of certified public accountants or auditing corporations.
Caution with respect to forward-looking statements(Note on forward-looking statements)
This report contains no forecast of consolidated business results, as Ryosan’s shares were delisted on March 28, 2024.
On April 1, 2024, Ryoyo Ryosan Holdings, Inc. was established as the wholly owning parent company of Ryosan andRyoyo Electro Corporation, which simultaneously became wholly owned subsidiaries of Ryoyo Ryosan Holdings. The
Company establishment was conducted by joint share transfer.
For the forecast of consolidated business results and forecast of dividends of Ryoyo Ryosan Holdings, please refer to“Notice Concerning the Forecast of Consolidated Business Results for Fiscal Year 2024, the Basic Policy on Return toShareholders and Forecast of Dividends,” published May 13, 2024.

○Table of contents of the appendix
1. Summary of Operating Results, etc.................................................................................................................................................. 2(1) Summary of Operating Results for Fiscal Year 2023 ............................................................................................................ 2(2) Summary of Financial Position for Fiscal Year 2023 ............................................................................................................ 2(3) Summary of Cash Flows for Fiscal Year 2023 ...................................................................................................................... 3(4) Basic Policy Regarding the Allocation of Profits / Dividends for Fiscal Year 2023.............................................................. 4
2. Basic Approach to Selection of Accounting Standards .................................................................................................................... 4
3. Consolidated Financial Statements and Main Notes ........................................................................................................................ 5(1) Consolidated Balance Sheet .................................................................................................................................................. 5(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ............................................... 7
Consolidated Statement of Income ..................................................................................................................................... 7
Consolidated Statement of Comprehensive Income ........................................................................................................... 8(3) Consolidated Statements of Changes in Net Assets .............................................................................................................. 9(4) Consolidated Statements of Cash Flows ............................................................................................................................... 11(5) Notes on Consolidated Financial Statements ........................................................................................................................ 12(Notes Regarding Going Concern) ..................................................................................................................................... 12(Notes Regarding Substantial Changes in Shareholders’ Equity) ....................................................................................... 12(Segment Information)........................................................................................................................................................ 12(Per Share Information) ...................................................................................................................................................... 14
4. Other ................................................................................................................................................................................................ 15(1) New Orders ......................................................................................................................................................................... 15(2) Geographical Segment Information .................................................................................................................................... 15-1-

1. Summary of Operating Results, etc.
(1) Summary of Operating Results for Fiscal Year 2023
1) Overview
During the consolidated fiscal period under review (April 1, 2023 to March 31, 2024: Fiscal year 2023),
uncertainty about the outlook for the global economy persisted. Geopolitical risk intensified, monetary tightening
continued and exchange-rate trends fluctuated, while prices of resources and materials rose.
The Japanese economy proceeded on a keynote of gradual recovery. Optimism was tempered, however, as acontinuing rise in the prices of goods and swings in financial and capital markets counseled caution.
Against this macroeconomic background, the electronics industry, of which Ryosan is a part, benefited from an
end to the earlier disorder in the supply chain, thanks to the resolution of temporary supply shortages. However,demand was soft from the third quarter onward, prompting a continuing adjustment phase in all fields, including
industrial equipment.
In the consolidated fiscal year under review, revenues declined from the same period of the previous fiscal year,
against the macroeconomic background described above and with the normalization of supply. Net sales fell to277,003 million yen (down 14.9% from the previous fiscal year), operating income declined to 9,099 million yen(down 41.0%) and ordinary income dropped to 6,767 million yen (down 49.4%). Profit attributable to owners ofparent halved to 4,766 million yen (down 48.3%).
2) Business Segment Information
a. Devices
Revenues declined from the same period last fiscal year against a backdrop of a difficult macroeconomic
environment and softening demand for semiconductors. Net sales declined to 244,238 million yen (down 14.5%
from the previous fiscal year). Operating income retreated to 7,875 million yen (down 43.3%).
b. Solutions
Although consumer sales were favorable in the consolidated fiscal year under review, wrap-up of large projects
for the communications sector weighed on this business segment. Net sales shrank to 32,765 million (down
18.2% from the previous fiscal year) and operating income declined to 1,565 million yen (down 26.5%).
(2) Summary of Financial Position for Fiscal Year 2023
1) Assets
Total assets decreased by 13,712 million yen to 174,476 million yen compared with March 31, 2023. This ismainly because notes and accounts receivable – trade decreased by 31,522 million yen and merchandise andfinished goods decreased by 5,581 million yen, while cash and deposits increased by 20,723 million yen.
2) Liabilities
Total liabilities decreased by 19,939 million yen to 65,517 million yen compared with March 31, 2023. This ismainly because short-term loans payable decreased by 15,557 million yen and accounts payable – trade decreased
by 3,518 million yen.

-2-

(3) Summary of Cash Flows for Fiscal Year 2023
As of March 31, 2024, cash and cash equivalents increased by 20,731 million yen compared with the end of theprevious fiscal year, to 37,483 million yen.
1) Net cash provided by (used in) operating activities
Regarding cash flow from operating activities in this consolidated fiscal year, funds in total increased by 38,396
million yen. Profit before income taxes was 6,822 million yen and notes and accounts receivable – trade decreased
by 34,851 million yen, respectively. In the net cash provided by (used in) operating activities in the previous
consolidated fiscal year, there was an increase of funds by 19,587 million yen.
2) Net cash provided by (used in) investing activities
Regarding cash flow from investing activities in this consolidated fiscal year, funds in total decreased by 485
million yen due to such factors as purchase of intangible assets. In the net cash provided by (used in) investing
activities in the previous consolidated fiscal year, there was a decrease of funds by 427 million yen.
3) Net cash provided by (used in) financing activities
Regarding cash flow from financing activities in this consolidated fiscal year, funds in total decreased by 18,934
million yen. Short-term loans payable decreased by 15,194 million yen and cash dividends paid amounted to 359
million yen. In the net cash provided by (used in) financing activities in the previous consolidated fiscal year, there
was a decrease of funds by 15,381 million yen.
(Reference) Trends in cash flow-related indicators
Fiscal Year2019
Net assets to total assets (%)
Net assets to total assets (%)(Market capitalization basis)
Cash flow to Interest-bearing
Liabilities (Years)
Interest coverage ratio (Times)

Fiscal Year
2020

Fiscal Year
2021

Fiscal Year
2022

Fiscal Year
2023

61.7

60.5

49.7

54.6

62.4

40.6

35.7

27.0

40.9

_

1.0

_

_

1.7

0.6

30.7

_

_

16.4

22.8

Net assets to total assets: Net assets / Total assets
Net assets to total assets (Market capitalization basis): Market capitalization / Total assets
Cash flow to Interest-bearing liabilities: Interest-bearing liabilities / Cash flow
Interest coverage ratio: Cash flow / Interest expense*All indicators have been calculated from consolidated financial figures.
*Market capitalization was calculated based on the number of shares issued and outstanding less treasury shares.
*Cash flow refers to cash flows from operating activities as shown on the consolidated statements of cash flows.
*Interest-bearing liabilities comprise all debt on which interest was paid in the liabilities section of the consolidatedbalance sheet. Interest expense represents interest paid as shown on the consolidated statements of cash flows.

-3-(4) Basic Policy Regarding the Allocation of Profits / Dividends for Fiscal Year 2023
Ryosan regards the return of earnings to shareholders as one of the most important elements of management andis making efforts to increase basic earnings per share. Ryosan's basic policy is to aim for consolidated dividend
payout ratio of around 50%.
In accordance with this basic policy, Ryosan expects to distribute a year-end dividend of 90 yen per share for the
consolidated fiscal year under review. With the inclusion of the interim dividend, the annual dividend is forecast to
be 150yen per share.

2. Basic Approach to Selection of Accounting Standards
For the time being, Ryosan will prepare its consolidated financial statements in accordance with Japanese GAAP,
out of consideration for issues such as comparability from period to period and comparability with other companies.
Ryosan will appropriately address matters regarding IFRS adoption, taking into account prevailing circumstances
in Japan and overseas.

-4-

3. Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheet(Millions of yen)
Fiscal Year Ended
March 31, 2023
(As of March 31, 2023)

Fiscal Year Ended
March 31, 2024
(As of March 31, 2024)

ASSETS
Current assets
Cash and deposits

16,76037,483

Notes and accounts receivable – trade95,11563,592Merchandise and finished goods

47,68042,09816

15

14,345

13,908

Other

649

1,292

Allowance for doubtful accounts

(645)

(103)

173,923

158,287

Buildings and structures

6,512

6,807

Accumulated depreciation(3,973)(4,112)

Buildings and structures, net

2,539

2,695

Land

5,179

5,181

Lease assets

1,304

1,378

Accumulated depreciation

(852)

(562)

Leased assets, net

451

815

Other

1,901

1,380

Accumulated depreciation(1,707)(1,095)

193

285

8,364

8,978

1,059

1,143

Investment securities

3,474

4,521

Deferred tax assets

398

577

Other

1,069

1,661

Allowance for doubtful accounts

(100)

(694)

Total investments and other assets

4,842

6,066

14,265

16,188188,188

174,476

Work in process
Accounts receivable – otherTotal current assets
Non-current assets
Property, plant and equipment

Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets-5-

(Millions of yen)
Fiscal Year Ended
March 31, 2023
(As of March 31, 2023)

Fiscal Year Ended
March 31, 2024
(As of March 31, 2024)

LIABILITIESCurrent liabilities
Accounts payable – trade

39,99936,480

Short-term loans payable

33,70322,145157

224

Accounts payable – other

3,863

834

Accrued expenses

2,497

1,997

Income taxes payable

2,631

506

483

402

83,33662,592

Lease obligations

318

661

Deferred tax liabilities

797

1,516

Net defined benefit liability

838

652

Asset retirement obligations

24

24

Other

142

69

2,120

2,925

85,45765,517

Capital stock

17,69017,690Capital surplus

19,114

19,114Retained earnings

65,35866,420Treasury shares(6,458)(6,419)Total shareholders’ equity

95,70596,805

1,443

2,206

1

2

Foreign currency translation adjustment

5,649

10,033Remeasurements of defined benefit plans

(67)

(89)

Total accumulated other comprehensive income

7,026

12,152

Total net assets

102,731108,958

Total liabilities and net assets

188,188

174,476

Lease obligations

Other
Total current liabilities
Non-current liabilities

Total non-current liabilities
Total liabilities
NET ASSETS
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges-6-(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income(Millions of yen)

Net sales
Cost of Sales
Gross Profit
Selling, general and administrative expenses
Packing and transportation expenses
Provision of allowance for doubtful accounts
Directors' compensations
Salaries and allowances
Bonuses
Retirement benefit expenses
Welfare expenses
Depreciation
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Commission fee
Rent income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Miscellaneous loss
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on change in equity
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on valuation of golf membership
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent-7-

Fiscal Year Ended Mar. 31, 2023
(Apr. 1, 2022 to Mar. 31, 2023)

Fiscal Year Ended Mar. 31, 2024
(Apr. 1, 2023 to Mar. 31, 2024)

325,657
292,848
32,808277,003
251,50325,500

1,313
364
665
4,629
1,769
447
1,132
606
6,454
17,385
15,423

1,155
3
407
4,889
1,545
478
1,100
641
6,179
16,401
9,099

37
77
61
149
48
217
591

107
96
11
69
47
119
450

1,205
1,403
43
2,653
13,361

1,677
1,034
69
2,781
6,767

－
0
0

55
0
55

－
0
0
13,362
4,097
40
4,137
9,224
9,224

0
－
0
6,822
1,697
358
2,056
4,766
4,766

Consolidated Statement of Comprehensive Income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive Income(Comprehensive income attributable to)Comprehensive income attributable to owners of parent-8-

Fiscal Year Ended Mar. 31, 2023
(Apr. 1, 2022 to Mar. 31, 2023)

Fiscal Year Ended Mar. 31, 2024
(Apr. 1, 2023 to Mar. 31, 2024)

9,224

4,766

186
0
2,014

763
1
4,383

(42)

(22)

2,158
11,383

5,126
9,892

11,383

9,892

(3) Consolidated Statements of Changes in Net Assets
Fiscal Year Ended Mar. 31, 2023 (Apr. 1, 2022 to Mar. 31, 2023)(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodCapital surplus

Retained earnings

Treasury shares

19,11459,586(6,534)

17,690

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesPurchase of treasury
shares through a stock
issuance trust
Disposal of treasury
shares through a stock
issuance trust
Change in scope ofequity method
Net changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal
shareholders’equity89,857(3,399)(3,399)

9,224

9,224

(53)

(0)

(0)

117

63

(63)

(63)

23

23
－

－

－

5,771

76

5,847

17,69019,11465,358(6,458)95,705

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning ofcurrent period
Changes of items during
period1,257

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income

3,634

(25)

4,867

1

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesPurchase of treasury
shares through a stock
issuance trust
Disposal of treasury
shares through a stock
issuance trust
Change in scope ofequity method
Net changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal net
assets

94,724(3,399)
9,224
(0)
63
(63)

23
－
186

0

2,014

(42)

2,158

2,158

186

0

2,014

(42)

2,158

8,006

1,443

1

5,649

(67)

7,026

102,731-9-

Fiscal Year Ended Mar. 31, 2024 (Apr. 1, 2023 to Mar. 31, 2024)(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning ofcurrent period
Changes of items during
periodCapital surplus

Retained earnings

Treasury shares

19,11465,358(6,458)

17,690

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesPurchase of treasury
shares through a stock
issuance trust
Disposal of treasury
shares through a stock
issuance trust
Change in scope ofequity method
Net changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal
shareholders’equity95,705(3,518)(3,518)

4,766

4,766
(1)

(1)
－
－

(38)

40

(147)

2
(147)

－

－

1,062

38

1,100

17,69019,114

66,420(6,419)96,805

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning ofcurrent period
Changes of items during
period1,443

Deferred
gains orlosses onhedgesForeigncurrencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated
othercomprehensive
income

5,649

(67)

7,026

1

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesPurchase of treasury
shares through a stock
issuance trust
Disposal of treasury
shares through a stock
issuance trust
Change in scope ofequity method
Net changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal net
assets102,731(3,518)
4,766
(1)
－
－

2
(147)
763

1

4,383

(22)

5,126

5,126

763

1

4,383

(22)

5,126

6,226

2,206

2

10,033(89)

12,152

108,958- 10 -

(4) Consolidated Statements of Cash Flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Share of (profit) loss of entities accounted for using equity
methodLoss (gain) on sales of property, plant and equipment
Other loss (gain)
Decrease (increase) in notes and accounts receivable – trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable – trade
Loss (gain) on change in equity
Decrease (increase) in accounts receivable – other
Increase (decrease) in other assets and liabilities
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchases of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of shares of subsidiaries and associates
Purchases of investment securities
Decrease (increase) in time deposits
Proceeds from withdrawal of time deposits
Proceeds from distribution of investment in partnerships
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Repayments of lease obligations
Increase (decrease) in commercial papers
Purchase of treasury shares
Cash dividends paid
Proceeds from sale of treasury shares
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period- 11 -

Fiscal Year Ended Mar. 31, 2023
(Apr. 1, 2022 to Mar. 31, 2023)

Fiscal Year Ended Mar. 31, 2024
(Apr. 1, 2023 to Mar. 31, 2024)

13,362
624
355
(238)
(115)
1,205

6,822
624
(35)
(214)
(203)
1,677

(61)

(11)

(0)
1,869
(852)
6,219
(4,332)－
5,289
734
24,059114(1,194)(3,392)
19,587(0)1,770
34,851
8,493(5,651)(55)
1,508(5,585)44,008180(1,686)(4,104)38,396

(62)
0
(225)
(175)
(15)
(8)
50
8
(427)

(203)
5
(255)
－
(42)
－
8
2
(485)

(6,763)(226)(4,999)(68)(3,387)
63(15,381)957
4,735
12,016
16,752(15,194)
(228)
－
(1)
(3,509)－(18,934)
1,754
20,731
16,75237,483

(5) Notes on Consolidated Financial Statements(Notes Regarding Going Concern)
Not applicable.
(Notes Regarding Substantial Changes in Shareholders’ Equity)
Not applicable.
(Segment Information)
Segment Information
1. Overview of Reporting Segments
Ryosan’s reporting segments are made up of those created from financial information sorted by businesssegment and those evaluated by the President periodically.
Ryosan has set up its business headquarters at Ryosan's head office for each article of merchandise and product,
and Ryosan is expanding business activities by having each business headquarters formulate comprehensive
strategies for the products that they handle, for both within Japan and overseas.
Therefore, regarding the reporting segments for its business headquarters, Ryosan lists “Devices” “and“Solutions.”
The main products of each business segment are as follows:
Devices:
Semiconductors and electronic components
Solutions: IT devices and solutions
2. Information Concerning Sales and Income or Loss Amount by Reporting Segment
Consolidated fiscal year ended March 31, 2023
(April 1, 2022 to March 31, 2023)
Reporting Segment
Devices

Solutions(Millions of yen, figures less than ¥1 million have been omitted)
Amounts shown on
Adjusted amountconsolidated(Note 1)statement of income
Total(Note 2)

Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

285,580

40,076

325,657―

325,657

―

―

―

―

―

285,580
13,881

40,0762,129

325,657
16,010―(587)

325,657
15,423

Notes:
1. The adjusted amount of minus 587 million yen represents corporate expenses (mainly general and administrative
expenses) which are not allocated to the reporting segments.
2. Segment income has been adjusted with operating income in the consolidated statement of income.
3. Segment assets are not shown in these reporting segments as they are not subject to the President’s performance
evaluation.

Consolidated fiscal year ended March 31, 2024
(April 1, 2023 to March 31, 2024)
Reporting Segment
Devices

Solutions(Millions of yen, figures less than ¥1 million have been omitted)
Amounts shown on
Adjusted amountconsolidated(Note 1)statement of income
Total(Note 2)

Net sales
Sales to external customers
Internal sales or exchange
between segments
Total
Segment income (loss)

244,238

32,765

277,003―

277,003

―

―

―

―

―

244,238
7,875

32,765
1,565

277,003
9,441

―
(342)

277,003
9,099

Notes:
1. The adjusted amount of minus 342 million yen represents corporate expenses (mainly general and administrative
expenses) which are not allocated to the reporting segments.
2. Segment income has been adjusted with operating income in the consolidated statement of income.
3. Segment assets are not shown in these reporting segments as they are not subject to the President’s performance
evaluation.

- 12 -

Related Information
1. Information on products and services
As in the Reporting Segment
2. Information by region(1) Sales
Consolidated fiscal year ended March 31, 2023
(April 1, 2022 to March 31, 2023)(Millions of yen)Japan
167,31251.4

China
84,902
26.1

Asia
62,09819.1

Other
11,343
3.5

China
71,27725.7

Asia
56,092
20.2

Other
10,9554.0

Net sales
Ratio to consolidated net sales (%)
Note:
Net sales are on the basis of customer location and classified by country or region.

Consolidated
325,657
100.0

Consolidated fiscal year ended March 31, 2024
(April 1, 2023 to March 31, 2024)(Millions of yen)Japan
138,67850.1

Net sales
Ratio to consolidated net sales (%)
Note:
Net sales are on the basis of customer location and classified by country or region.

Consolidated
277,003
100.0(2) Property, plant and equipment
This information is not presented since the amount of property, plant and equipment in Japan constitutes morethan 90% of the total amount of property, plant and equipment on the consolidated balance sheet.

- 13 -

(Per Share Information)(Yen unless otherwise stated)
Item

Fiscal Year 2022
(April 1, 2022 to March 31, 2023)

Fiscal Year 2023
(April 1, 2023 to March 31, 2024)

Net assets per share
Basic earnings per share

4,383.09
393.704,648.67
203.33(Notes) 1. Information on diluted earnings per share is not presented because there are no latent shares.
2. Basis for calculation(1) Net assets per share(Millions of yen unless otherwise stated)
Item

Fiscal Year 2022
(As of March 31, 2023)

Total of net assets
Amount to be deducted from the total of net assets(Of which non-controlling interests)
Closing net assets relating to common shares
Number of common shares as of end of term used in
the calculation of net assets per share (thousand shares)

Fiscal Year 2023
(As of March 31, 2024)

102,731－(－)
102,731108,958－(－)
108,958

23,43823,438(2) Basic earnings per share(Millions of yen unless otherwise stated)
Fiscal Year 2022
(April 1, 2022 toMarch 31, 2023)

Item
Basic earnings per share
Profit attributable to owners of parent
Amount not attributable to common shareholders
Profit attributable to owners of parent relating tocommon shares
Average number of common shares outstanding
during the term (thousand shares)- 14 -

Fiscal Year 2023
(April 1, 2023 toMarch 31, 2024)
9,224
－

4,766
－

9,224

4,766

23,43023,439

4. Other(1) New Orders(Millions of yen, figures less than 1 million yen have been omitted)
Fiscal Year 2022
(April 1, 2022 to March 31, 2023)

Fiscal Year 2023
(April 1, 2023 to March 31, 2024)

Devices

277,958

Solutions

52,902

165,051
28,133

Total

330,860

193,185(2) Geographical Segment Information
Fiscal year 2022, the fiscal year ended March 31, 2023
(April 1, 2022 to March 31, 2023)(Millions of yen, figures less than ¥1 million have been omitted)
Japan

Asia

Other

Sales:
170,293
144,408
10,954(1) Sales to external customers(2) Internal sales or exchange
20,522546
71
between segments
Total
190,816
144,955
11,026
Segment income
7,359
6,901
574
Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions covered:Asia:
Hong Kong, China, Thailand and others
Other:
United States and others

Total

Eliminations
Consolidated
or corporate

325,657―

325,657

21,140(21,140)―

346,798
14,835(21,140)587

325,657
15,423Fiscal year 2023, the fiscal year ended March 31, 2024
(April 1, 2023 to March 31, 2024)(Millions of yen, figures less than ¥1 million have been omitted)
Japan

Asia

Other

Sales:(1) Sales to external customers
145,977
121,0359,990(2) Internal sales or exchange
15,029740
96
between segments
Total
161,006
121,776
10,087
Segment income
5,787
2,665
153
Notes:
1. Country and regional segments are classified on the basis of geographic proximity.
2. Principal countries and regions covered:Asia:
Hong Kong, China, Thailand and others
Other:
United States and others- 15 -

Total

Eliminations
Consolidated
or corporate

277,003―

277,003

15,867(15,867)―

292,870
8,607(15,867)491

277,0039,099