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 10, 2024

Summary of Financial Statements of Fiscal Year Ended March 2024
(Japanese GAAP) (Consolidated)
Name of listed company:
SINFONIA TECHNOLOGY CO., LTD.
Exchange for listed company:
Tokyo Stock Exchange
Securities Code: 6507
URL:
https://hibiki.sinfo-t.jp/eng/index_a.htm
Representative
Shinichi Hirano, Representative Director and President(Rounded down to the nearest million yen)

1. Consolidated financial results of fiscal year ended March 2024 (April 1, 2023 to March 31, 2024)(1) Consolidated operating results(Percentage (%) indicates the rate of year-over-year increase or decrease)

Net sales
Fiscal year ended
March 31, 2024
March 31, 2023

Operating profit

Millions of yen% Millions of yen

102,657
108,808

Note: Comprehensive income

(5.7)
15.0

% Millions of yen

10,011
11,625(13.9)
54.7

Fiscal year ended March 2024
Fiscal year ended March 2023

Profit per share
Fiscal year ended
March 31, 2024
March 31, 2023

Yen

266.23287.24(Reference) Equity in net income of affiliates
Fiscal year ended March 2024
Fiscal year ended March 2023

% Millions of yen

10,532
11,997(12.2)
51.9¥13,970 million¥9,928 million

Diluted profit per
share

Profit attributable toowners of parent

Ordinary profit

Return on equity

Yen

–
–

7,506
8,098

%

(7.3)
44.8

40.7%
83.7%

Return on assets

Return on net
sales

%

%

%

11.0
13.9

8.0
9.8

9.8
10.7

¥ - million¥ - million(2) Consolidated financial position
Total assets
As ofMarch 31, 2024
March 31, 2023

Net assets

Equity capital ratio

Net assets per share

Millions of yen

Millions of yen%

Yen137,062
127,32174,45162,60854.3
49.2

2,640.63
2,220.55

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
period(Reference) Equity capital
As of March 31, 2024
As of March 31, 2023

¥74,451 million¥62,608 million(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

9,841
6,034

(7,503)(4,057)(2,358)(1,276)

9,572
9,493

2. Cash dividends
Annual dividends per share

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(forecast)End offirstquarter

End ofsecondquarter

End ofthird
quarter

Yen

Yen

Yen

End ofperiodYen

Total

Total amountof dividends

Ratio of
Dividend
dividends topayout ratio
net assets(consolidated)(consolidated)

Yen Millions of yen

%

%

–

0.00

–

75.00

75.00

2,127

26.1

3.6

–

0.00

–

70.00

70.00

1,985

26.3

2.9

–

0.00

–

75.00

75.00

26.4

Note: Total amount of dividends includes the dividends for Sinfonia Technology’s shares held by the Board Benefit Trust(BBT) (¥12 million for fiscal year ended March 2023 and ¥11 million for fiscal year ended March 2024).

3. Consolidated operating results forecast of fiscal year ending March 2025
(April 1, 2024 to March 31, 2025)(Percentage (%) indicates the rate of year-over-year increase or decrease)
Profit attributable toProfit per
Operating profit
Ordinary profit
owners of parent
share

Net sales
Millions ofyenFull year

110,000%

7.2

Millions ofyen

11,500%

14.9

Millions ofyen

11,500%

9.2

Millions of
yen

8,000

%

6.6

Yen

283.74

* Notes(1) Transfer of key subsidiaries during the fiscal year
(transfer of specific subsidiaries that involve any changes in the scope of consolidation):

None(2) Changes in accounting policies, changes in accounting estimates, and/or restatements(i) Changes in accounting policies associated with any amendments in accounting standards,
etc.:

No

(ii) Other changes in accounting policies:No(iii) Changes in accounting estimates:No(iv) Restatements:

No(3) Number of issued shares (common shares)abc

Number of shares issued at the end of the period (including treasury shares)
As of March 31, 2024

29,789,122 shares

As of March 31, 2023

29,789,122 shares

Number of treasury shares at the end of the period
As of March 31, 2024

1,594,605 shares

As of March 31, 2023

1,593,904 shares

Average number of shares during the period
Fiscal year ended March 31, 2024

28,194,910 sharesFiscal year ended March 31, 2023

28,193,235 shares

Note: Number of treasury shares at the end of the period includes Sinfonia Technology’s shares held by the Board
Benefit Trust (BBT) (167,500 shares in fiscal year ended March 2024 and 167,500 shares in fiscal year ended
March 2023). Sinfonia Technology’s shares held by the Board Benefit Trust (BBT) are included in the treasury
shares deducted in the calculation of the average number of shares during the period (167,500 shares in fiscal
year ended March 2024 and 169,869 shares in fiscal year ended March 2023).

Reference: Non-consolidated financial results of fiscal year ended March 2024
(April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results
Net sales
Fiscal year ended
March 31, 2024
March 31, 2023

Operating profit

Millions of yen

77,462
84,265

Ordinary profit% Millions of yen

(8.1)
16.9

Profit per share
Fiscal year ended
March 31, 2024
March 31, 2023

(Percentage (%) indicates the rate of year-over-year increase or decrease)

7,520
9,420

% Millions of yen(20.2)
72.5

Diluted profit per shareYen

244.55272.67

Yen

–
–

8,948
10,537

Profit% Millions of yen(15.1)
68.1

6,895
7,687

%

(10.3)
67.8

(2) Non-consolidated financial position
Total assets
As ofMarch 31, 2024
March 31, 2023

Net assets

Equity capital ratio

Net assets per share

Millions of yen

Millions of yen%

yen

116,380
109,847

59,88250,78651.5
46.2

2,123.89
1,801.23(Reference) Equity capital
As of March 31, 2024
As of March 31, 2023

¥59,882 million¥50,786 million* Summary of Financial Statements is not subject to the audit of a certified public accountant or an
auditing firm.
* Explanation of proper use of financial results forecast and other special notes
The financial results forecast is based on information available as of the date of the announcement of
this document. The actual results may differ from this forecast due to different future factors. For
information related to the financial results forecast, please read “1. Operating Results and Financial
Position (4) Future Outlook” on page 3 of the attachment.

○ Table of contents of the attachment
Index
1. Operating Results and Financial Position ................................................................................................. 2(1) Analysis of Operating Results ............................................................................................................ 2(2) Analysis of Financial Position ............................................................................................................ 3(3) Cash Flows ......................................................................................................................................... 3(4) Future Outlook ................................................................................................................................... 3
2. Mid-to-long term management strategies and issues to be addressed ...................................................... 5
3. Basic concept for the selection of accounting standard ............................................................................ 6
4. Consolidated financial statements and major notes .................................................................................. 7(1) Consolidated balance sheet ................................................................................................................ 7(2) Consolidated statement of income and consolidated statement of comprehensive income ............... 9(Consolidated statement of income) ................................................................................................... 9(Consolidated statement of comprehensive income) ........................................................................ 10(3) Consolidated statement of changes in equity ................................................................................... 11(4) Consolidated statement of cash flows .............................................................................................. 13(5) Notes on consolidated financial statements ...................................................................................... 14(Notes on going concern) ................................................................................................................. 14(Additional information) .................................................................................................................. 14(Segment information) ..................................................................................................................... 15(Per-share information) .................................................................................................................... 17(Significant subsequent events) ........................................................................................................ 17
Supplementary Information for the Financial Results of Fiscal Year Ended March 2024 [Fiscal 2023](Consolidated)......................................................................................................................................... 18-1-

1. Operating Results and Financial Position(1) Analysis of Operating Results
In the business environment surrounding the Sinfonia Technology Group (the “Group”) during thisfiscal year, demand for semiconductor manufacturing equipment remained sluggish due to delays ininventory adjustments by semiconductor manufacturers since the second half of fiscal 2022, butshowed a slight recovery in the fourth quarter of fiscal 2023. For factory automation-related area,
demand was sluggish due to a slow recovery in automation investment in the Chinese market.
For the operating results for this fiscal year, the Group recorded orders received in the amount of¥108,781 million (down 13.0% year-over-year) and net sales of ¥102,657 million (down 5.7% yearover-year). As for gains and losses, operating profit was ¥10,011 million (down 13.9% year-over-year),ordinary profit was ¥10,532 million (down 12.2% year-over-year), and profit attributable to owners ofparent was ¥7,506 million (down 7.3% year-over-year).
Our business performance by business segment is as follows:[Clean Transport System business]
Due to sluggish demand from semiconductor manufacturing equipment makers, orders received
amounted to ¥19,758 million (down 30.9% year-over-year).
Net sales were ¥21,814 million (down 27.1% year-over-year), and as for gains and losses, operating
profit was ¥3,313 million (down 47.8% year-over-year) due to a decrease in net sales.
[Motion Equipment business]
Orders received amounted to ¥42,844 million (up 1.3% year-over-year) due to an increase in aerospacerelated equipment resulting from an increase in repair parts for the Ministry of Defense and electricalcomponents for flagship rockets, despite a decrease in orders for actuators for semiconductor
manufacturing equipment and clutch brakes for factory automation.
Net sales were ¥37,063 million (down 4.2% year-over-year) due to a decrease in orders for actuatorsfor semiconductor manufacturing equipment. As for gains and losses, despite a decrease in net sales,
improved profitability of aerospace-related equipment contributed to operating profit of ¥3,225 million(up 29.0% year-over-year).
[Power Electronics Equipment business]
Orders received were ¥24,266 million (down 26.7% year-over-year). Orders received decreased yearover-year due to the impact of large orders related to social infrastructure in the previous fiscal year,
but orders for automotive testing equipment remained favorable, reflecting strong demand for EVs.
Net sales were ¥23,240 million (up 10.8% year-over-year) due to increases in automotive testing
equipment, industrial equipment such as motors for LNG transfer pumps, and maintenance power
supplies for aircraft. As for gains and losses, increased net sales contributed to operating profit of¥1,579 million (up 12.8% year-over-year).
[Engineering & Service business]
Orders received were almost unchanged from the previous year at ¥21,910 million (up 3.7% year-overyear).
Net sales were ¥20,539 million (up 6.9% year-over-year) due to increases in conveyor systemconstructions for semiconductor manufacturing plants in Taiwan and Japan and electrical equipment
constructions for public-sector demand. As for gains and losses, increased net sales contributed tooperating profit of ¥1,961 million (up 41.5% year-over-year).

-2-(2) Analysis of Financial Position(Assets)
Total assets as of the end of this fiscal year were ¥137,062 million, which is a year-over-year increaseof ¥9,740 million. This is primarily the result of increases in investment securities, in property, plantand equipment, and in retirement benefit asset by ¥6,567 million, ¥3,094 million and ¥1,905 million,
respectively, as well as a decrease in inventories by ¥2,330 million.
(Liabilities)
Liabilities as of the end of this fiscal year were ¥62,611 million, which is a year-over-year decrease of¥2,101 million. This is primarily the result of decreases in notes and accounts payable - trade, in othercurrent liabilities and in short-term borrowings by ¥2,239 million, ¥1,931 million and ¥1,290 million,
respectively, as well as an increase in deferred tax liabilities by ¥2,734 million.
(Net assets)
Net assets as of the end of this fiscal year were ¥74,451 million, which is a year-over-year increase of¥11,842 million. This is the result of increases in retained earnings by ¥5,379 million due to recording
profit attributable to owners of parent, in valuation difference on available-for-sale securities by ¥4,597
million and in remeasurements of defined benefit plans by ¥1,496 million.
(3) Cash FlowsThe cash and cash equivalents (the “funds”) of this fiscal year on a consolidated basis was ¥9,572
million as of the end of this fiscal year, increasing by ¥79 million compared to that as of the end of theprevious fiscal year.
The status of cash flows by activity and the factors thereof are as follows:(Cash flows from operating activities)
The amount of increase in funds from operating activities in this fiscal year was ¥9,841 million. This is
the result of a decrease in trade payables by ¥2,816 million and an increase in trade receivables by ¥622
million, together with the recording of profit before income taxes of ¥10,289 million and depreciationof ¥3,486 million.
(Cash flows from investing activities)
The amount of decrease in funds from investing activities in this fiscal year was ¥7,503 million. This is
the result of the purchase of property, plant and equipment in the amount of ¥6,727 million and thepurchase of intangible assets in the amount of ¥510 million.
(Cash flows from financing activities)
The amount of decrease in funds from financing activities in this fiscal year was ¥2,358 million. This is
the result of a payout of dividends of ¥2,111 million.
(4) Future Outlook
With regard to aerospace-related equipment, demand for defense-related products is expected tocontinue to increase due to the initiatives being launched to drastically strengthen defense capabilities.
Although we expect demand for semiconductor manufacturing equipment to fully recover in the second
half of fiscal 2024, we believe that the semiconductor-related business will return to a growth trajectory
as government support for semiconductor investment, particularly in the U.S., begins to take hold.
Depending on trends in demand for semiconductor manufacturing equipment, we expect that we may
be able to achieve record-high profits in the fiscal year ending March 2025.

-3-

Under the medium-term management plan, “SINFONIA NEW STAGE 2024,” the Group has
positioned the semiconductor area as a growth driver and will continue to increase production capacityof transport equipment for semiconductor manufacturing equipment. In addition, we will focus onadapting to post-processing automation where new demand is expected, and on the development ofrobots and actuators for semiconductor manufacturing equipment.
The forecast for the fiscal year ending March 2025 as of this date is as follows:
Future prospects for consolidated business performance
Net sales(Unit: Millions of yen)

Operating profit

Ordinary profit

Profit attributableto owners of parent

Consolidated full-year financial
results forecast of fiscal year ending
March 2025

110,000

11,50011,5008,000

Consolidated full-year financial
results of fiscal year ended March2024 (Reference)

102,657

10,011

10,532

7,506

7.2%

14.9%

9.2%

6.6%

Increase/Decrease rate

Note: The financial results forecast is based on information available as of the date of the announcement of this document.
The actual results may differ from this forecast due to different future factors.

-4-

2. Mid-to-long term management strategies and issues to be addressed
The Group has formulated a three-year group medium-term management plan starting from fiscal 2022 andis currently working on the implementation of efforts.
[Overview of the medium-term management plan]
To achieve continuous growth, we will focus on the development of new products and cultivating new
businesses, thereby transforming our product portfolio and contributing to corporate growth at a higher
level as well as sustainable development of society.
I. Name of plan: SINFONIA NEW STAGE 2024
II. Basic policy of the medium-term management plan
During the period from fiscal 2022 to 2024, with strengthening technological development capability andnew product/business creation activities as our top-priority theme, we will focus our efforts on
semiconductor-related area to increase its share of overall sales and to solidify its position as a growth
driver.
We will also pursue a transformation of our product portfolio by actively engaging in the development of
new products related to logistics, regenerative medicine, and decarbonization.
(i) Transformation of product composition by means of improving technological development capability
We will pursue expansion in the areas of motor drives, power electronics, and system control
technologies. In particular, we will actively seek M&A and collaborations with academia to make achange in our product portfolio in the areas related to semiconductor transfers, logistics transportation
robot systems, and energy management.
(ii) Efforts toward decarbonization and reduction of environmental burdens
Toward the sustainable growth of the society and the Group, we will endeavor to reduce GHG
emissions, furthermore, we will shift to products that lead to a reduction in GHG emissions for our end
customers.
(iii) Expansion of global business
To realize swift response to our customers across the globe, we will pursue expansion of global
business by enhancing the functions of our group companies in Asia and North America.
(iv) Improvement of product competitiveness and production capacity
We will actively work on digitalization of products and automation of production in order to step up
our product competitiveness and production capacity, thereby improving our earning power.
(v) Organizational and cultural reform
To build a sustainable corporate culture and with a view to medium-to-long term growth, we seek totransform into an enterprise that supports people who can and will take on challenges, throughenhancement of employee education/assessment system and organizational reform to flexibly respondto the business environment.

-5-III. Targets of the medium-term management plan
(1) Quantitative targets
Fiscal 2023
Fiscal 2024
Fiscal 2024
results
forecasts
targets
Net sales
102.7 billion yen 110.0 billion yen
110.0 billion yen
Operating profit margin
9.8%
10.5%
9.0% or higher
ROE
11.0%
11.0%
10.0% or higher
ROE = Profit attributable to owners of parent / Net assets (average of net assets at the beginning and end of
fiscal year)(2) Basic policy for shareholder return
Our basic policy is to offer a dividend payout of 25% or higher, aiming at a transformation of productportfolio, investment for growth to step up production capacity, sound finances, and a stableshareholder return.

3. Basic concept for the selection of accounting standard
The Group will continue to prepare consolidated financial statements based on Japanese standards for thetime being in order to ensure the possibility of comparison of financial statements between companies andover time.
We intend to appropriately deal with the application of the International Financial Reporting Standards(IFRS) upon considering domestic and international affairs.

-6-4. Consolidated financial statements and major notes(1) Consolidated balance sheet(Unit: Millions of yen)Previous fiscal year
(March 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-7-

Current fiscal year
(March 31, 2024)

9,494

9,573

37,331

38,075

2,467
9,582
14,725777(80)
74,2972,375
9,512
12,557725(82)
72,737

10,936
3,197
1,403
14,61956
2,620
32,834
1,366

13,598
3,782
1,428
15,13934
1,944
35,928999

12,039
4,026
1,011
1,876
(130)
18,82253,024
127,321

18,606
5,932
1,094
1,886
(123)
27,39664,325137,062

(Unit: Millions of yen)Previous fiscal year
(March 31, 2023)
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accrued expenses
Income taxes payable
Accrued consumption taxes
Provision for product warranties
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors (andother officers)
Provision for share awards for directors (and otherofficers)
Provision for environmental measures
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets-8-

Current fiscal year
(March 31, 2024)

12,270
8,549
7,360
2,981
5,675
1,955
828
395
324
5,751
46,093

10,031
8,122
6,070
3,183
5,975
1,788
1,259
573
385
3,819
41,208

11,617
1,258
1,669

12,528
3,993
1,669

123

–

100

157

8
3,056
784
18,61964,713–2,300
753
21,40262,611

10,156452
40,242(1,955)48,896

10,156452
45,622(1,957)54,274

5,933
(3)
3,913
683
3,185
13,71262,608
127,321

10,530
(39)
3,913
1,090
4,681
20,17674,451137,062(2) Consolidated statement of income and consolidated statement of comprehensive income(Consolidated statement of income)(Unit: Millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Foreign exchange gains
Insurance income on disaster
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on disaster
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on liquidation of non-current assets
Retirement benefit expenses
Restructuring loss
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent-9-

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
108,808
82,076
26,731
15,106
11,625Current fiscal year
(From April 1, 2023
to March 31, 2024)
102,657
77,32225,334
15,322
10,011

347
243
16
136
742

385
389
73
123
972

144
16
209
370
11,997

153
75
222
451
10,532

530
659
–
1,189
10,807
3,101
(391)
2,709
8,098
8,098

–
–
243
243
10,289
2,716
66
2,782
7,506
7,506

(Consolidated statement of comprehensive income)(Unit: 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 toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 10 -

Previous fiscal year
(From April 1, 2022
to March 31, 2023)
8,098

Current fiscal year
(From April 1, 2023
to March 31, 2024)
7,506

718
(3)
307
807
1,830
9,928

4,597
(36)
406
1,496
6,464
13,970

9,928

13,970––(3) Consolidated statement of changes in equity
Previous fiscal year (From April 1, 2022 to March 31, 2023)(Unit: Millions of yen)
Shareholders’ equity
Total shareholders’equityShare capital

Capital surplus

Retained earnings

Treasury shares

10,156452

33,562(1,963)

Balance at beginning of
period42,209Changes during period
Dividends of surplus(1,418)(1,418)

Profit attributable toowners of parent

8,098

8,098

Purchase of treasury
shares(0)(0)

Disposal of treasury
shares88Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

6,679

7

6,687

10,156452

40,242(1,955)48,896

Accumulated other comprehensive income
Total
Valuation
Foreign currency Remeasurements accumulateddifference on Deferred gains or Revaluationtranslationof defined
otheravailable-for-sale losses on hedges reserve for land
adjustment
benefit plans comprehensive
securities
incomeBalance at beginning of
period

5,214

–

3,913

376

2,377

11,881

Total net assets

54,090Changes during period
Dividends of surplus(1,418)

Profit attributable toowners of parent

8,098

Purchase of treasury
shares(0)

Disposal of treasury
shares8

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

718

(3)

–

307

807

1,830

1,830

718

(3)

–

307

807

1,830

8,518

5,933

(3)

3,913

683

3,185

13,71262,608- 11 -

Current fiscal year (From April 1, 2023 to March 31, 2024)(Unit: Millions of yen)
Shareholders’ equity
Total shareholders’equityShare capital

Capital surplus

Retained earnings

Treasury shares

10,156452

40,242(1,955)

Balance at beginning of
period48,896

Changes during period
Dividends of surplus(2,127)(2,127)

Profit attributable toowners of parent

7,506

7,506

Purchase of treasury
shares
Disposal of treasury
shares

0

(1)

(1)

0

0

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

0

5,379

(1)

5,377

10,156452

45,622(1,957)54,274

Accumulated other comprehensive income
Total
Valuation
Foreign currency Remeasurements accumulateddifference on Deferred gains or Revaluationtranslationof defined
otheravailable-for-sale losses on hedges reserve for land
adjustment
benefit plans comprehensive
securities
incomeBalance at beginning of
period

5,933

(3)

3,913

683

3,185

13,712

Total net assets

62,608Changes during period
Dividends of surplus(2,127)

Profit attributable toowners of parent

7,506

Purchase of treasury
shares(1)

Disposal of treasury
shares0

Net changes in items otherthan shareholders’ equity

4,597

(36)

–

406

1,496

6,464

6,464

Total changes during period

4,597

(36)

–

406

1,496

6,464

11,842

Balance at end of period

10,530

(39)

3,913

1,090

4,681

20,17674,451- 12 -

(4) Consolidated statement of cash flows(Unit: Millions of yen)Previous fiscal year
(From April 1, 2022
to March 31, 2023)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for loss on orders
received
Increase (decrease) in net defined benefit asset andliability
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in provision for share awards for
directors (and other officers)
Increase (decrease) in provision for environmental
measures
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Loss on liquidation of non-current assets
Restructuring loss
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Other, net
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 beginning of period
Cash and cash equivalents at end of period- 13 -

Current fiscal year
(From April 1, 2023
to March 31, 2024)

10,8073,233(16)

10,289
3,486
177

(220)

60

402

(533)

(13)

(123)

41

57

5

(8)

7
(347)
144
530
–
(2,367)(3,001)(2,260)
362
1,523
8,831
347
(145)
(2,998)
6,034

(5)
(385)
153
–
243
(622)
2,305
(2,816)410(254)
12,434385(151)(2,827)9,841(3,801)
(279)
(11)
34
(4,057)(6,727)
(510)
(12)
(254)
(7,503)187
3,320(3,335)(1,407)(40)(1,276)(1,303)
4,076(2,981)(2,111)(38)(2,358)

59

100

759
8,733
9,493

79
9,493
9,572

(5) Notes on consolidated financial statements(Notes on going concern)
Not applicable.
(Additional information)(Introduction of the Board Benefit Trust (BBT) for directors, etc.)
Based on a resolution at the 95th annual shareholders’ meeting held on June 27, 2019, theCompany has introduced the Board Benefit Trust (BBT), which is a performance share systemtargeting directors who are not outside directors and executive officers who are not also directors(collectively, the “Directors, etc.”).
1. Outline of transactions
The BBT is a performance share system that uses the money contributed by the Company as afund to acquire the Company’s shares through a trust (the “Trust,” as established based on theBBT) to provide the Directors, etc. with the Company’s shares and the money equivalent to theamount obtained by converting the Company’s shares using market value (the “Company’s
Shares, etc.”) through the Trust according to the regulations for share awards for directors andother officers formulated by the Company. In principle, Directors, etc. will receive their
payment of the Company’s Shares, etc. at the time of their resignation as Directors, etc.
2. Company’s shares remaining with the Trust
The Company’s shares remaining with the Trust are recorded as treasury shares in net assets,based on the book value given by the Trust (excluding the amount of ancillary expenses). The
book value and the number of the said treasury shares as of the end of the previous fiscal year
were ¥188 million and 167,500 shares, and as of the end of the current fiscal year were ¥188
million and 167,500 shares.

- 14 -

(Segment information)
1. Information on the respective amounts of net sales, gain or loss, assets, and other items for eachreportable segment
Previous fiscal year (From April 1, 2022 to March 31, 2023)
Reportable segment
Clean
Transport
SystemNet sales
Net sales to externalcustomers
Internal net sales or transfer
between segments
Total

Power
MotionElectronics
Equipment
Equipment

Engineering &Service

Total(Unit: Millions of yen)Amountrecorded in
Adjustconsolidament
ted
amountfinancial(Note 1)statements(Note 2)29,92338,68020,984

19,220108,808–

108,808

0

302

900

4,594

5,798

(5,798)–29,92338,983

21,88523,814

114,606(5,798)108,808

Segment gain or loss

6,346

2,501

1,400

1,386

11,635(9)

11,625

Segment assets

21,69544,30727,507

17,616111,127

16,194

127,321

584

1,438

1,040

171

3,233

–

3,233

1,877

1,948

1,190

148

5,165

–

5,165

Other items
Depreciation
Increase in property, plantand equipment and intangible
assets
Notes:

1. The major details on the adjustment amount are as follows:(1) The adjustment amount for the segment gain or loss is based on inter-segment transaction eliminations, etc.
(2) The adjustment amount for segment assets includes the company-wide assets of ¥19,544 million, which does
not belong to any reportable segment, and the inter-segment eliminations, etc. ¥(3,349) million.
The company-wide assets include the Company’s surplus funds (cash and deposits) and long-term investment
funds (investment securities).
2. Segment gain or loss is adjusted with operating profit or loss in the consolidated statement of income.

- 15 -

Current fiscal year (From April 1, 2023 to March 31, 2024)
Reportable segment
Clean
Transport
SystemNet sales
Net sales to externalcustomers
Internal net sales or transfer
between segments
Total

Power
MotionElectronics
Equipment
Equipment

Engineering &Service

Total(Unit: Millions of yen)Amountrecorded in
Adjustconsolidament
ted
amountfinancial(Note 1)statements(Note 2)

21,81437,06323,24020,539102,657–

102,657

0

230

1,149

4,596

5,978

(5,978)–21,81537,29324,39025,136108,635(5,978)102,657

Segment gain or loss

3,313

3,225

1,579

1,961

10,080(68)

10,011

Segment assets

20,46844,34030,06018,433

113,301

23,760137,062

767

1,481

1,063

173

3,486

–

3,486

3,212

1,706

797

356

6,073

–

6,073

Other items
Depreciation
Increase in property, plantand equipment and intangible
assets
Notes:

1. The major details on the adjustment amount are as follows:(1) The adjustment amount for the segment gain or loss is based on inter-segment transaction eliminations, etc.
(2) The adjustment amount for segment assets includes the company-wide assets of ¥26,241 million, which does
not belong to any reportable segment, and the inter-segment eliminations, etc. ¥(2,481) million.
The company-wide assets include the Company’s surplus funds (cash and deposits) and long-term investment
funds (investment securities).
2. Segment gain or loss is adjusted with operating profit or loss in the consolidated statement of income.

- 16 -

(Per-share information)
Previous fiscal year
(From April 1, 2022
to March 31, 2023)

Current fiscal year
(From April 1, 2023
to March 31, 2024)

Amount of net assets per share

2,220.55 yen

2,640.63 yen

Profit per share or loss per share

287.24 yen

266.23 yen

Notes:
1. Diluted profit per share is not listed due to there being no potential shares.
2. The Company’s shares remaining with the Board Benefit Trust (BBT) that are recorded as treasury shares inthe shareholders’ equity are included in the number of treasury shares deducted from the number of sharesissued at end of period for the calculation of the amount of net assets per share. These shares are also
included in the treasury shares deducted in the calculation of the average number of shares during the period
for the calculation of profit or loss per share. For the calculation of the amount of net assets per share, thenumber of the said deducted treasury shares at end of period was 167,500 shares in the previous fiscal year
and 167,500 shares in the current fiscal year. For the calculation of the profit or loss per share, the average
number of the said deducted treasury shares during the period was 169,869 shares in the previous fiscal year
and 167,500 shares in the current fiscal year.
3. The basis of calculation for the profit or loss per share is as follows:
Item

Previous fiscal year
(From April 1, 2022
to March 31, 2023)

Current fiscal year
(From April 1, 2023
to March 31, 2024)

Profit (loss) attributable to owners ofparent (Millions of yen)

8,098

7,506

Amount not attributable to commonshareholders (Millions of yen)––

Profit (loss) attributable to owners ofparent for common shares (Millionsof yen)

8,098

7,506

Average number of common shares
during the period (Thousands ofshares)28,19328,194(Significant subsequent events)
Not applicable.

- 17 -

Supplementary Information for the Financial Results of Fiscal Year Ended
March 2024 [Fiscal 2023] (Consolidated)
May 10, 2024
SINFONIA TECHNOLOGY CO., LTD.
1. Summary of operating results
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Net sales
Operating profit
Ordinary profit(Unit: Millions of yen)

108,808(%)

10.7%

102,657
9.8%

11.0%

10,011
10.3%

7.4%

10,532
7.3%

Profit attributable to owners ofparent(5.7)%(1,613)(13.9)%(1,464)(12.2)%(591)(7.3)%(0.7) pt

11,997(%)(6,150)(0.9) pt

11,625(%)

Increase/Decrease
rate(0.1) pt

8,098

7,506

2. Information by segment(1) Net sales and operating profit

Clean Transport
SystemMotionEquipment
Power Electronics
Equipment
Engineering &Service
Adjustment
amount
Total(Unit: Millions of yen)

Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decreaserate

Net sales

29,923

21,814(8,109)(27.1)%

Operatingprofit

6,346

3,313

(3,033)(47.8)%Net sales

38,68037,063(1,617)(4.2)%

Operatingprofit

2,501

3,225

724

29.0%

Net sales

20,98423,240

2,256

10.8%

Operatingprofit

1,400

1,579

178

12.8%

Net sales

19,22020,539

1,319

6.9%

Operatingprofit

1,386

1,961

575

41.5%

Net sales

–

–

–

–

Operatingprofit

(9)

(68)

(58)

–

Net sales

108,808

102,657(6,150)(5.7)%

Operatingprofit11,625

10,011(1,613)(13.9)%- 18 -

(2) Orders received(Unit: Millions of yen)
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decrease
rate

Clean Transport System

28,582

19,758(8,823)

Motion Equipment

42,29942,844545

1.3%

Power Electronics Equipment

33,087

24,266(8,820)(26.7)%Engineering & Service

21,125

21,910

785

3.7%

Total

125,095

108,781(16,313)(13.0)%(3) Balance of orders received(30.9)%(Unit: Millions of yen)
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decrease
rate

Clean Transport System

7,937

5,882

(2,055)(25.9)%

Motion Equipment

35,21040,991

5,781

16.4%

Power Electronics Equipment

30,702

31,729

1,026

3.3%

Engineering & Service

10,08811,459

1,371

13.6%

Total

83,93990,062

6,123

7.3%

3. Overseas net sales(Unit: Millions of yen)
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Overseas net sales

27,990Overseas net sales
ratio (%)

27,535

25.7%

Increase/Decrease
rate

(455)

26.8%

(1.6)%

1.1 pt

4. Cash flows(Unit: Millions of yen)
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decrease
rate

Operating cash flow

6,034

9,841

3,806

Investing cash flow

(4,057)(7,503)(3,445)–

Free cash flow

1,976

2,337

360

18.2%

Financing cash flow

(1,276)(2,358)(1,081)–

Cash and cash equivalents at endof period

9,493

9,572

79

- 19 -

63.1%

0.8%

5. Capital expenditures, depreciation, and research and development expenses
Fiscal 2022

Fiscal 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)

(Unit: Millions of yen)

Increase/Decreaserate

Capital expenditures

5,165

6,073

908

17.6%

Depreciation

3,233

3,486

252

7.8%

Research and development
expenses

3,894

3,420

(474)

(12.2)%- 20 -