January 27, 2023

[Supplementary Materials]

Kanematsu Electronics, Ltd.

Highlights of Consolidated Financial Results for the Nine Months Ended December 31, 2022 [Japanese GAAP]■Net sales, operating profit, and ordinary profit all increased.
■NIHON ACCESS CO., LTD. and GLOBAL SECURITY EXPERTS Inc. were incorporated into the scope of consolidation

Status of Assets, Liabilities and Net Assets

during the current 3Q.

As of December
31, 2022

As of March
31, 2022

Total Assets

80,32982,446(2,117)(2.6) ■Liabilities

Current assets

71,07575,031(3,956)(5.3) previous fiscal year, mainly due to a decrease of ¥2,243 million in income

Non-current assets

9,254

7,415

1,839

24.8 Non-current liabilities increased ¥61 million (2.4%) from the end of theLiabilities

18,21920,518(2,298)(11.2)

Current liabilities

15,606

17,966(2,360)(13.1) Net assets increased ¥181 million (0.3%) from the end of the previous fiscal

Non-current liabilities

2,613

2,551

61

2.4 attributable to owners of parent and a decrease from the payment of ¥4,578

Net assets

62,11061,9281810.3 The equity ratio stood at 77.3%, improving 2.2pt from the end of theEquity (Note 1)

62,066

61,885181

0.3

Equity ratio (Note 2)

77.3%

75.1% Improved 2.2pt(% indicates change from the previous corresponding period)♢Net sales

20.5 %
18.9 %
18.3 %
14.5 %

57,182 million yen
8,940 million yen
8,969 million yen
5,886 million yen♢Operating profit♢Ordinary profit♢Profit attributable to owners of parent■Assets
Current assets decreased ¥3,956 million (5.3%) from the end of the previous
fiscal year, mainly due to a decrease of ¥6,786 million in cash and deposits.
Non-current assets increased ¥1,839 million (24.8%) from the end of theprevious fiscal year, mainly due to an increase of ¥806 million in goodwill.

Change fromend of FY Mar
2022(Million yen)

Percentagechange (%)

Current liabilities decreased ¥2,360 million (13.1%) from the end of thetaxes payable.

previous fiscal year, mainly due to an increase of ¥32 million in retirement
benefit liability.
■Net assets

year, mainly due to an increase from recording ¥5,886 million in profit
million in dividends.

previous fiscal year.

Status of Income■Net sales
FY Mar 2023
Net sales increased by ¥9,734 million year on year
■売上⾼
full-year
to ¥57,182 million (up 20.5% year on year) as the
売上⾼は、106億７千４百万円となり、働き⽅改
forecast
Progress (%)
Group saw robust performance in the construction
⾰および新型コロナウイルス感染症対策の⼀環とFY Mar 2023 FY Mar 2022 Year-on-year
3Q
3Q
changePercentagechange (%)(Million yen)

Net sales

57,18247,447

9,734

20.5

77,000Gross profit

16,26814,325

1,943

13.6

-Selling, general and administrative
expenses(7,327)(6,808)

(519)

7.6

-

Operating profit

8,940

7,516

1,423

18.9

13,400Non-operating income

5164(13)(20.6)-

Non-operating expenses

(22)

(1)

(21)

-

-

Ordinary profit

8,969

7,579

1,389

18.3

13,500Extraordinary income

15

(4)

(79.5)-

Extraordinary loss

(183)

(4)

(179)

-

-

Profit before income taxes

8,787

7,581

1,205

15.9

-

of environments for virtual desktop infrastructure
74.3 して堅調な仮想デスクトップ（ＶＤＩ）環境の構
築や企業内のデータ量の増⼤に伴い設備投資が(VDI) as part of workstyle reform and COVID-19- 旺盛なストレージ基盤の構築ビジネスに加え、サーcountermeasures and in security solutions in line
ビス提供型ビジネスの拡充などにも注⼒したこと- with the era of zero trust networks. At the same
で、前年同期⽐１億８千１百万円（前年同期
time, the Group further expanded sales of its
66.7 ⽐ 1.7％増）の増収。

(Note 1) Equity = "Total shareholders' equity" + "Total accumulated other comprehensive income" of net assets(Note 2) Equity ratio = Equity capital / Total assets
Million yen

Trends in ordinary profit and ordinary profit to total assets

Income taxes(2,901)(2,448)

(453)

18.5-

-

Profit5,885

5,133752

14.7

-

-

Profit attributable toowners of parent

5,886

5,141745

14.5

9,100

64.7

Trends in Profit and ROE

14,00030.0%Million yen

10,00013,50025.0%

11,041

10,999

16.8%

20.0%

17.5%
8,969

15.3%

25.0%
(Forecast)

7,387

7,000

7,382

20.0%

6,000

7,579
6,000

9,100
8,785

8,000
17.9%

6,778

9,000

(Forecast)

10,000

8,000

30.0%

12,78412,000businesses offering our unique “as a Service.”- ■利益■Profit
営業利益は、７億９千８百万円となり、前年同- 期⽐６千９百万円（前年同期⽐Operating profit increased by ¥1,4239.5％増）のmillion year
on year to ¥8,940 million (up 18.9% year on year).
増益。
66.4
経常利益は、９億１千４百万円となり、前年同Ordinary profit increased by ¥1,389 million year on
23.2％
year to ¥8,969 million (up 18.3% year on year).
- 期⽐１億７千２百万円（前年同期⽐増）の増益。
Profit attributable to owners of parent increased by- 親会社株主に帰属する四半期純利益は、６億１¥745 million year on year to ¥5,886 million (up千５百万円となり、前年同期⽐１億３千４百万14.5% year on year).
- 円（前年同期⽐27.9％増）の増益。

-15.0%

14.9%

14.5%
13.5%

5,000

6,350
10.0%

4,000

4,540

5,886
14.2%
15.0%

5,141

4,280

4,000

10.0%

3,000
5.0%

2,000

2,000

5.0%

1,000

Basic earnings per share (yen)205.71179.72

25.99

0

14.5

FY Mar 2020

Net sales

15,431

14,986FY Mar 2022

FY Mar 2023

0445

2,749

2,795

Total

57,48547,781

9,704

8,842

7,422

Other (including adjustments)

(303)

(333)

30

9894

Total

57,18247,447

9,734

8,940

7,516

0.0%

FY Mar 2020 FY Mar 2021 FY Mar 2022 FY Mar 2023Profit (3Q)

Profit (Full year)

ROE (Full year)

Dividends

Segment profit

FY Mar 2023 FY Mar 2022 Year-on-year FY Mar 2023 FY Mar 2022 Year-on-year ■IT Systems BusinessNet sales increased ¥9,259 million year on year,
3Q
3Q
change3Q
3Qchange(Million yen)mainly due to strong performance in the server42,054
32,795
9,259
6,092
4,626
1,466 related business for the manufacturingindustry.

Services and Support Business

FY Mar 2021

Ordinary profit (3Q)
Ordinary profit (Full year)
Ratio of ordinary profit to total assets (Full year)

Segment Information

IT Systems Business

0.0%(46) ■Services and Support BusinessNet sales increased ¥445 million year on year,
1,420 mainly due to an increase in sales related tocloud services for the manufacturing industry.
3
1,423

FY March 2023

Interim dividend (Yen)
Year-end dividend (Yen)Annual dividend (Yen)
Equity (Million yen)
Payout ratio (%)

80.00
0.00
80.00
ーー

FY March 2022

75.00
80.00
155.0061,88550.5

FY March 2021

65.00
70.00
135.0056,36152.3

FY March 2020

65.00
70.00
135.0052,863
52.3*The financial results outlook and other forward-looking statements herein are based on information currently available to the Company and on certain assumptions
deemed reasonable, and do not represent a promise by the Company to achieve them. Actual results may differ significantly from these forecasts due to a wide range offactors.