Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.
August 6, 2024

Summary of Financial Statements for the Three Months Ended June 30, 2024
(Japanese GAAP) (Consolidated)
Name of listed company:
SINFONIA TECHNOLOGY CO., LTD.
Exchange for listed company: Tokyo Stock Exchange
Securities Code:
URL:

6507
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 for the three months ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)(Percentage (%) indicates the rate of year-over-year increase or decrease)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
21,44011.8
1,926 213.2
2,528 148.3
1,800 153.4
19,178 (4.8)
615 (33.4)
1,018 (29.7)
710 (29.8)

Three months ended
June 30, 2024
June 30, 2023
Note: Comprehensive income

Three months ended June 30, 2024
Three months ended June 30, 2023
Profit per share

Three months ended
June 30, 2024
June 30, 2023

¥1,359 million¥2,183 million(37.8)%
199.2%

Diluted profit per share
Yen
63.86
25.20

Yen-(2) Consolidated financial position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity capital
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
131,766
137,062

Equity capital ratio

Millions of yen73,82474,451%
56.0
54.3

¥73,824 million¥74,451 million

2. Cash dividends

Fiscal year ended March 2024
Fiscal year ending March 2025

End offirst quarter
Yen––

Annual dividends per share
End ofEnd of
second quarter
third quarter
Yen
Yen
0.00
–

Fiscal year ending March 2025 (Forecast)
Note: Revisions to the most recently announced dividend forecast: No0.00–

End ofperiod

Total
Yen
70.00

Yen
70.00

75.00

75.00

3. Consolidated operating results forecast for 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 toNet sales
Operating profit
Ordinary profit
Profit per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
110,000
7.2
11,50014.9
11,500
9.2
8,000
6.6
283.74
Note: Revisions to the most recently announced consolidated operating results forecast: No- 1 -*Notes(1) Significant changes in the scope of consolidation during the period:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoneNo(3) Changes in accounting policies, changes in accounting estimates, and/or restatements(i) Changes in accounting policies associated with any amendments in accounting standards, etc.
(ii) Other changes in accounting policies:

NoNo(iii) Changes in accounting estimates:(iv) Restatements:

NoNo(4) Number of issued shares (common shares)
a Number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024
b29,789,122 shares As of March 31, 2024

29,789,122 shares

Number of treasury shares at the end of the period
As of June 30, 2024

1,594,713 shares As of March 31, 2024

1,594,605 sharesc Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024
28,194,451 shares Three months ended June 30, 2023
28,195,144 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 three months ended June 2024 and 167,500 shares in fiscal year ended March 2024). Sinfonia Technology’sshares held by the Board Benefit Trust (BBT) are included in the treasury shares deducted in the calculation of the average numberof shares during the period (167,500 shares in three months ended June 2024 and 167,500 shares in three months ended June 2023).
*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an
auditing firm: None
*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.

- 2 -Quarterly consolidated financial statements
Quarterly consolidated balance sheets(Unit: Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits

9,573

7,699

Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods

38,0752,375

31,0652,469Work in process
Raw materials and supplies

9,512
12,557

12,767
13,158

725
(82)

979
(86)

72,73768,055

Buildings and structures, net
Land13,59815,13915,11615,147

Other, net

7,190

5,644

Total property, plant and equipment

35,92835,908

999

944

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Investments and other assets
Investment securities

18,60618,010Other
Allowance for doubtful accounts

8,913
(123)

8,975
(128)

Total investments and other assets

27,396

26,857

Total non-current assets
Total assets- 3 -64,325

63,711137,062

131,766

(Unit: Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings

18,154
6,070

18,587
4,170

Current portion of long-term borrowings
Income taxes payable

3,183
1,788

3,180
256

573
385

561
322

Other

11,054

10,193

Total current liabilities

41,20837,27012,528

11,515

157

171

Provision for product warranties
Provision for loss on orders received

Non-current liabilities
Long-term borrowings
Provision for share awards for directors(and other officers)
Provision for environmental measures-6

Retirement benefit liability
Other

2,300
6,416

2,298
6,679

Total non-current liabilities

21,402

20,671

62,611

57,941

Shareholders' equity
Share capital

10,156

10,156

Capital surplus
Retained earnings

452
45,622452
45,437

Treasury shares(1,957)(1,957)

Total shareholders' equity

54,27454,089Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

10,530(39)

10,109(53)

Revaluation reserve for land
Foreign currency translation adjustment

3,913
1,090

3,913
1,218Remeasurements of defined benefit plans

4,681

4,547

Total accumulated other comprehensive income

20,176

19,73574,45173,824137,062

131,766

Total liabilities
Net assets

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets- 4 -Quarterly consolidated statements of income (cumulative) and consolidated statements ofcomprehensive income (cumulative)
Quarterly consolidated statements of income (cumulative)(Unit: Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Net sales

19,17821,440

Cost of sales

14,826

15,663Gross profit

4,352

5,776

Selling, general and administrative expenses

3,737

3,850

Operating profit (loss)

615

1,926

Non-operating income
Interest and dividend income

200

466

Foreign exchange gains
Other

215
53

137
79

Total non-operating income

469

683

Non-operating expenses
Interest expenses

36

38

Other

30

43

Total non-operating expenses

66

81

Ordinary profit (loss)

1,018

2,528

Profit (loss) before income taxes

1,018

2,528

Income taxes

307

728

Profit (loss)

710

1,800

Profit (loss) attributable to owners of parent

710

1,800- 5 -Quarterly consolidated statements of comprehensive income (cumulative)(Unit: Millions of yen)Three months ended
June 30, 2023
Profit (loss)

Three months ended
June 30, 2024
710

1,800

1,404(421)Deferred gains or losses on hedges
Foreign currency translation adjustment

(12)
166

(13)
128

Remeasurements of defined benefit plans, net of tax

(85)

(134)

Total other comprehensive income

1,473(440)Comprehensive income

2,183

1,359

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,1831,359––

Other comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income attributable to non-controllinginterests- 6 -Supplementary Information of the Financial Results for the Three Months Ended
June 30, 2024 [Fiscal 2024] (Consolidated)
August 6, 2024
SINFONIA TECHNOLOGY CO., LTD.
1. Summary of operating results(Unit: Millions of yen)Three months ended Three months ended
June 30, 2023
June 30, 2024(A)
Net sales
Operating profit
Ordinary profit(B)
19,178

(%)

3.2%
5.3%

(%)

3.7%

9.0%

2,26111.8%

1,311

213.2%

1,510

148.3%

1,089

153.4%

5.8pt
1,926

11.8%

6.5 pt

1,018

2,528
8.4%

Profit attributable to owners ofparent

Increase/Decreaserate(B) - (A)21,440

615
(%)

YOY
increase/decrease

4.7 pt710

1,800

2. Information by segment(1) Net sales and operating profit(Unit: Millions of yen)Three Months ended Three Months ended
June 30, 2023
June 30, 2024
(A)
Clean Transport
SystemMotion
Equipment
Power Electronics
Equipment
Engineering&Service
Adjustment
amountTotal

(B)

YOY
increase/decrease
Increase/Decreaserate(B) - (A)Net sales

4,302

4,761

459

10.7%

Operatingprofit

509

745

236

46.4%

Net sales

7,925

8,642

717

9.0%

Operatingprofit

330

779

448

135.5%Net sales

3,388

3,825

436

12.9%

Operatingprofit

(278)

86364

-

Net sales

3,562

4,211

649

18.2%

Operatingprofit50298

247

486.5%Net sales----

Operatingprofit21614-Net sales

19,17821,440

2,261

11.8%

Operatingprofit

615

1,926

1,311

213.2%- 7-

(2) Orders received(Unit: Millions of yen)Three Months ended Three Months endedJune 30, 2023
June 30, 2024
(A)

(B)

YOY
increase/decrease
Increase/Decreaserate(B) - (A)

Clean Transport System

4,684

5,507

822

17.6%

Motion Equipment

6,186

16,193

10,007161.8%

Power Electronics Equipment

4,566

5,536

970

21.3%

Engineering&Service

6,695

7,872

1,176

17.6%

Total

22,13235,11012,97758.6%(3) Balance of orders received(Unit: Millions of yen)
As of June 30,2023

As of June 30,2024

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decrease
rate

Clean Transport System

8,320

6,628

(1,692)(20.3)%

Motion Equipment

33,47048,542

15,07145.0%

Power Electronics Equipment

31,88033,440

1,560

4.9%

Engineering&Service

13,221

15,120

1,899

14.4%

Total

86,892

103,732

16,83919.4%

3. Overseas net sales(Unit: Millions of yen)Three Months ended Three Months ended
June 30, 2023
June 30, 2024
(A)

Overseas net sales
Overseas net sales
ratio (%)(B)

YOY
increase/decrease
Increase/Decreaserate(B) - (A)

5,478

7,192

1,714

28.6%

33.5%

4.9 pt

4. Capital expenditures, depreciation, and research and development expenses
Three Months ended Three Months ended
June 30, 2023
June 30, 2024
(A)
Capital expenditures

(B)

31.3%

(Unit: Millions of yen)

YOY
increase/decrease
Increase/Decreaserate(B) - (A)

2,051

626

(1,424)(69.5)%

Depreciation

852

757

(95)

(11.2)%

Research and development
expenses

768

780

111.5%- 8-