Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Year Ended March 31, 2023
[Japanese GAAP]May 15, 2023
Company name: SUNCORPORATION
Stock exchange listing: Tokyo
Code number: 6736
URL: https://www.sun-denshi.co.jp
Representative: Ryusuke Utsumi
President and Representative Director
Contact: Yoshimi Kimura
Representative and Executive managing director
Phone: +81-52-756-5981
Scheduled date of Annual General Meeting of Shareholders: June 22, 2023
Scheduled date of commencing dividend payments: June 23, 2023
Scheduled date of filing annual securities report: June 23, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one millions of yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
March 31, 2023
37,4490.7(1,711)
14,174
46.5
6,878
144.0
March 31, 2022
37,205
39.5
1,360
97.9
9,673
997.5
2,818
(Note) Comprehensive income:Fiscal year ended March 31, 2023:¥13,510 million [61.3%]
Fiscal year ended March 31, 2022:¥8,375 million [-%]
Basic earnings per Diluted earnings per Rate of return on
shareshareequityOrdinary profit tototal assets ratio

Yen
Yen%
Fiscal year ended
March 31, 2023
292.82278.46
20.4
March 31, 2022
117.77108.47
12.5(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2023:
Fiscal year ended March 31, 2022:

Operating profit tonet sales ratio

%%

22.9
14.7
¥
¥(4.6)
3.7
millionmillion(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2023
March 31, 2022
(Reference) Equity:

Net assets

Millions of yen

Millions of yen41,758
82,088
As of March 31, 2023:
As of March 31, 2022:

Capital adequacy ratio¥¥

35,01327,04034,908 million
24,377 million

Net assets per share%

Yen

83.7
29.7

1,543.58
1,018.23(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen(13,481)
3,632(25,168)
4,020

25,574(3,036)2,934
27,438―1―2. Dividends
Annual dividends
1st2nd3rdquarter-end quarter-end quarter-end

Year-end

Total
dividends

Total

Fiscal year ended

Yen

Yen

Yen

Yen

March 31, 2022

-

20.00

-

20.00

40.00

March 31, 2023

-

0.00

-

20.00

20.00

-----

Yen Millions of yen

Payoutratio(consolidated)

Dividends
to netassets(consolidated)

%%

957

34.0

4.9

452

6.8

1.6

Fiscal year ending
March 31, 2024-(Forecast)(Note) The dividend forecast for the fiscal year ending March 31, 2024 is undecided at this time.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)
The Company's forecast for the fiscal year ending March 31, 2024 is based on the uncertain impact of recent geopolitical risks andfinancial instability, as well as the fact that it is currently difficult to reasonably estimate the impact of changes in the fair value of theprice adjustment provisions, certain restricted stock rights and derivative warrant liabilities recognized by the equity method affiliate,
Cellebrite DI Ltd. It is difficult to reasonably estimate the impact of changes in the fair value of these liabilities on the Company's
results of operations at this point in time.
The Company has not yet determined the fair value of the price adjustment provisions, certain restricted stock rights, and derivative
warrant liabilities recognized in DI Ltd. The Company will promptly announce its consolidated earnings forecast when such disclosure
becomes possible.
* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): Yes
New(Company name:)
Exclusion:
�(Company name:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2023:
23,998,828 shares
March 31, 2022:23,992,328 shares
2) Number of treasury shares at the end of the period:
March 31, 2023:
1,366,387 shares
March 31, 2022:
51,262 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2023:
Fiscal Year ended March 31, 2022:

23,490,418 shares
23,933,693 shares―2―

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2023
March 31, 2022

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

8,051
8,046

0.1
46.7

163
112

45.5
-

3,415
8,579

(60.2)-

3,212
23,998(86.6)-

Basic earnings per share Diluted earnings per share
Fiscal year ended
March 31, 2023
March 31, 2022

Yen

Yen

136.781,002.69

136.551,000.79(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2023
March 31, 2022(Reference) Equity:

Net assets

Millions of yen

36,84847,076
As of March 31, 2023:
As of March 31, 2022:

Capital adequacy ratio

Millions of yen

¥
¥

―3―

31,87632,08031,798 million
32,032 million

Net assets per share%

Yen

86.3
68.0

1,404.98
1,337.97