(Securities Code: 6800)

Financial Results Briefing for the Third Quarter ofthe Fiscal Year Ending March 31, 2024

February 8, 2024

* Information contained in these materials is based on various assumptions anddoes not guarantee the achievement of planned values and measures in the future.
Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Summary of Consolidated Financial Results
Effective from the first quarter of the consolidated fiscal year under review, the Company had changed theclassifications and names of its reporting segments as follows.

NEWOLD

VCCS

Vehiclecommunicationequipment

CTC

Circuit testing
connectors

FC・MD

Personal
communicationequipment

Advanced Devices
BusinessIncubation Center

Platform Business

Advanced Devices
Business

Platform Business

The Platform Business, which is part of the Incubation Center segment, works to develop more advanced and high value-added
strategic products in new fields including advanced driving assistance systems (ADAS), autonomous driving, and connected cars.
In addition, the Advanced Device Business promotes the development of high-speed transmission device products that boastversatility and originality to the optical communications market, with the aim of achieving high-speed, high-capacity communications.
Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Summary of Consolidated Financial Results
Average exchange rate
for the period
USD1: ¥136.49

Average exchange rate
for the period
USD1: ¥143.32(Unit: Million yen)Previous third quarter(Apr. – Dec. 2022)
Results

Third quarter review(Apr. – Dec. 2023)
Results

Net sales

60,278

57,104▲5.3％

Operating profit

5,100747▲85.3％

Ordinary profit

6,619

1,764

▲73.3％

Profit

4,422963▲78.2％

YoY

Net sales amounted to ¥57,104 million reflecting decreased year-on-year sales in both CTC andFC・MD segment, despite increased year-on-year sales in VCCS segment.
Operating profit decreased to ¥747 million because decreased profit in FC・MD segment while
decreased sales and a loss in CTC and Incubation Center segment although VCCS
segment profitability had been improved significantly.
Ordinary profit increased to ¥1,764 million, reflecting an exchange gain of ¥1,062 million.
Profit decreased to ¥963 million due to a decreased in ordinary profit.
Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Trends in Net Sales by Segment60,278288
7,432

18,41634,1393Q ended December 2022

57,104
301(Unit: Million yen)
Incubation Center・Other

FC・MD

6,058

CTC

9,182

VCCS

Year on year

41,561

The whole Company▲5.3％

Incubation : 〃FC・MD : 〃CTC： 〃VCCS： 〃＋4.5%▲18.6％▲50.1％+20.8％

3Q ended December 2023

Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Full-year Results Forecast
Average exchange
rate for the period
USD1: ¥135.49

FY2023/3
Results

Assumed exchange rate
USD1: ¥145(from this February to the end of this fiscal year)

FY2024/3
Previous forecast（Announced inNov. 2023）(Unit: Million yen)

FY2024/3
Current forecast

Net sales

77,96275,00076,000

▲2.5％

+1.3％

Operatingprofit

4,739

200

1,000

▲78.9％+400.0％Ordinary
profit

5,675

1,400

2,400

▲57.7％+71.4％

Profit3,147750

1,400▲55.5％+86.7％

No revisions to the assumed exchange rate
Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Expected Net Sales by Segment(Unit: Million yen)

60,59559,976

66,84877,962
446

390
526

303

8,486

9,424

12,832

13,242

9,125

9,051
22,37476,000350

8,100
12,20037,00439,706

FY 2020/3

FY 2021/3

FY 2022/3

46,089FY 2023/3

FC・MD
CTC
VCCS

Year on year

17,62538,748

Incubation Center・Others

55,350FY 2024/3Forecast

The whole Company▲2.5％

Incubation : 〃FC・MD : 〃CTC： 〃VCCS： 〃▲27.7%▲10.5％▲45.5％+20.1％FY 2024/3 forecast has been revised below.
・Net sales in VCCS increased ¥450 million driven
by increased sales, improving profitability bybusiness structure reform and decreased physicaldistribution costs
・Net sales in CTC increased ¥200 million
associated with increase in those sales.
・Net sales in FC・MD increased ¥400 million
associated with increase in those sales.

Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Forecast for Operating profit by segment<VCCS>(Unit: Million yen)

<CTC>

< Prerequisite >< Prerequisite >・Downturn of semiconductor has been bottomed out
and is recovered in the next fiscal year.
→From FY2024/3 4Q to FY2025/3, operating profit
is expected to be gradually recovered.

・A full-scale recovery in production at automobile manufacturers
are continued.
・The global shortage of semiconductor is normalized→Operating profit is expected to be profitable driven byincreased sales, improving profitability by business structurereform and decreased physical distribution costs.

5,925

2,750
2,00900▲1,434▲726▲950

Operating profit

Operating profit

Operating profit

Operating profit

Operating profit

Operating profit

for 3Q 2023/3

for 3Q 2024/3

Forecastfor 3Q 2023/3

for 3Q 2024/3

Forecast

for FY 2024/3

for FY 2024/3

Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Forecast for Operating profit by segment<FC・MD>(Unit: Million yen)

<Incubation Center>< Prerequisite >FC・Market are steadily recovered in line with thecustomer’s liquidating excess inventories
MD・Demand for minimally invasive medical procedures grow
→Operating profit is expected to be turned profitable,
increased to ¥50 million.

< Prerequisite >・The MaaS/IoT markets grow steadily by widespread
adaptation of the advance of mobility and IoT・Net sales are small scale because of focusing ondevelopment for new businesses→Operating loss is expected to accounts ▲¥850 million.

0991▲398▲5920▲850

4150

Operating profit

Operating profit

Operating profit

Operating profit

Operating profit

Operating profit

for 3Q 2023/3

for 3Q 2024/3

Forecast

for 3Q 2023/3

for 3Q 2024/3

Forecast

for FY 2024/3

for FY 2024/3

Yokowo Co., Ltd. All rights reserved.

The Third Quarter of the Fiscal Year Ending March 31, 2024

Dividends(Unit: Yen per share)
FY2024/3

FY2020/3

FY2021/3

FY2022/3

FY2023/3* Figures inparentheses areforecast.

Interim1416182522

Year-end

16202225(22)Annual30364050(44)

17.7％

19.5％

19.8%

37.0%

(73.3%)

Consolidated
payout ratio

No revisions to dividend forecast
Yokowo Co., Ltd. All rights reserved.