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.
February 7, 2024

Summary of Financial Statements for the Nine months Ended December 31, 2023
(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 nine months ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended
December 31, 2023
December 31, 2022
Note: Comprehensive income

Millions of yen
68,61971,656(Percentage (%) indicates the rate of year-over-year increase or decrease)
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(4.2)
4,634 (23.3)
5,155 (20.8)
3,580 (22.6)
15.0
6,044
90.2
6,510
93.5
4,628
99.5

Nine months ended December 31, 2023
Nine months ended December 31, 2022
Profit per share

Nine months ended
December 31, 2023
December 31, 2022

¥5,606 million¥4,698 million

19.3%
121.7%

Diluted profit per share

Yen
127.00164.16

Yen-(2) Consolidated financial position
Total assets
As ofDecember 31, 2023
March 31, 2023
(Reference) Equity capital
As of December 31, 2023
As of March 31, 2023

Net assets

Millions of yen
126,521
127,321Equity capital ratio

Millions of yen
66,08762,608%52.2
49.2¥66,087 million¥62,608 million

2. Cash dividends

Fiscal year ended March 2023
Fiscal year ending March 2024

End offirst quarter
Yen––

Annual dividends per share
End ofEnd ofsecond quarter
third quarter
Yen
Yen
0.00
–
0.00
–

Fiscal year ending March 2024 (Forecast)
Note: Revisions to the most recently announced dividend forecast: No

End ofperiod

Total
Yen
75.00

Yen
75.00

60.00

60.00

3. Consolidated operating results forecast for fiscal year ending March 2024(April 1, 2023 to March 31, 2024)(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
100,000 (8.1)
8,700 (25.2)
9,000 (25.0)
6,200 (23.4)
219.90Note: Revisions to the most recently announced consolidated operating results forecast: No- 1 -*Notes(1) Transfer of key subsidiaries during the nine months ended December 31, 2023(transfer of specific subsidiaries that involve any changes in the scope of consolidation):

None(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(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.

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

NoNo(iv) Restatements:

No(4) Number of issued shares (common shares)
a Number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023
b29,789,122 shares As of March 31, 2023

29,789,122 shares

Number of treasury shares at the end of the period
As of December 31, 2023

1,594,413 shares As of March 31, 2023

1,593,904 sharesc Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023
28,195,012 shares Nine months ended December 31, 2022
28,192,629 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 nine months ended December 2023 and 167,500 shares in fiscal year ended March 2023). 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 nine months ended December 2023 and 170,580 shares in nine months ended
December 2022).
*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.

- 2 -Quarterly consolidated financial statements
Quarterly consolidated balance sheets(Unit: Millions of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCurrent assets
Cash and deposits

9,494

7,824

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

37,331
2,467

29,9062,526Work in process
Raw materials and supplies

9,582
14,725

13,277
14,094

777
(80)

795
(82)

74,297

68,342

Buildings and structures, net
Land10,936
14,61913,705
15,130

Other, net

7,278

6,603

Total property, plant and equipment

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

32,83435,439Intangible assets

1,366

1,054

Investments and other assets
Investment securities

12,03914,878

Other
Allowance for doubtful accounts

6,913
(130)

6,930
(123)

Total investments and other assets

18,822

21,685

Total non-current assets
Total assets- 3 -53,024

58,179127,321

126,521

(Unit: Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

20,8207,360

16,884
9,170

Current portion of long-term borrowings
Income taxes payable

2,981
1,955

2,987
44

395
324

508
278

Other

12,255

9,419

Total current liabilities

46,09339,292

11,617

13,037123-100

137

Provision for product warranties
Provision for loss on orders received

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

8-Retirement benefit liability
Other

3,056
3,712

3,065
4,900

Total non-current liabilities

18,61921,14164,71360,434

Shareholders' equity
Share capital

10,156

10,156

Capital surplus
Retained earnings

452
40,242452
41,696

Total liabilities
Net assets

Treasury shares(1,955)(1,956)

Total shareholders' equity

48,89650,349Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

5,933
(3)

7,918
(18)

Revaluation reserve for land
Foreign currency translation adjustment

3,913
683

3,913
995

Accumulated other comprehensive income

Remeasurements of defined benefit plans

3,185

2,929

Total accumulated other comprehensive income

13,712

15,73862,60866,087

127,321

126,521

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)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Net sales

71,656

68,619

Cost of sales

54,22952,494Gross profit

17,426

16,125

Selling, general and administrative expenses

11,382

11,490Operating profit (loss)

6,044

4,634

Non-operating income
Interest and dividend income

324

359

Foreign exchange gains
Other251
106

261
110

Total non-operating income

682

732

105

112

Non-operating expenses
Interest expenses
Other11098

Total non-operating expenses

216

210

6,510

5,155

–

123

Ordinary profit (loss)
Extraordinary losses
Restructuring loss–

123

Profit (loss) before income taxes

Total extraordinary losses

6,510

5,031

Income taxes

1,882

1,450

Profit (loss)

4,628

3,580

Profit (loss) attributable to owners of parent

4,628

3,580

- 5 -

Quarterly consolidated statements of comprehensive income (cumulative)(Unit: Millions of yen)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Profit (loss)

4,628

3,580

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

(94)

1,985

Deferred gains or losses on hedges
Foreign currency translation adjustment

–
333

(15)
311

Remeasurements of defined benefit plans, net of tax

(169)

(255)

70

2,025

Comprehensive income

4,698

5,606

Comprehensive income attributable toComprehensive income attributable to owners of parent

4,698

5,606

–

–

Total other comprehensive income

Comprehensive income attributable to non-controllinginterests- 6 -Supplementary Information of the Financial Results for the Nine Months Ended
December 31, 2023 [Fiscal 2023] (Consolidated)
February 7, 2024
SINFONIA TECHNOLOGY CO., LTD.
1. Summary of operating results(Unit: Millions of yen)

Nine Months ended
December 31, 2022

Nine Months ended
December 31, 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Net sales
Operating profit
Ordinary profit

71,656(%)

8.4%

68,619
6.8%

9.1%

(%)

6.5%

4,634
7.5%

(4.2)%(1,410)(23.3)%(1,354)(20.8)%(1,047)(22.6)%(1.6) pt

6,510

5,155
5.2%

Profit attributable to owners ofparent(3,036)(1.6)pt

6,044(%)

Increase/Decreaserate(1.3) pt

4,628

3,580

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

Clean TransportSystem
MotionEquipment
Power Electronics
Equipment
Engineering&Service
Adjustment
amountTotal(Unit: Millions of yen)

Nine Months ended
December 31, 2022

Nine Months ended
December 31, 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)Increase/Decrease
rateNet sales

21,521

15,721(5,799)(26.9)%

Operatingprofit

4,693

2,250

(2,442)(52.0)%Net sales

26,35725,291(1,066)(4.0)%

Operatingprofit

1,278

1,346

68

5.4%

Net sales

12,373

14,316

1,942

15.7%

Operatingprofit183

148(34)(19.0)%Net sales

11,403

13,290

1,886

16.5%

Operatingprofit

(9)

893

903

-

Net sales----

Operatingprofit

(101)

(5)

96

-

Net sales

71,656

68,619(3,036)(4.2)%

Operatingprofit

6,044

4,634

(1,410)(23.3)%- 7-

(2) Orders received(Unit: Millions of yen)
Nine Months ended
December 31, 2022

Nine Months ended
December 31, 2023

YOY
increase/decrease(A)(B)(B) - (A)Increase/Decrease
rate

Clean Transport System

22,75914,604(8,155)

Motion Equipment

29,766

29,646(119)(0.4)%

Power Electronics Equipment

24,472

18,605(5,867)(24.0)%Engineering&Service

16,221

16,406

185

1.1%

Total

93,21979,263(13,956)(15.0)%

As of December 31,2022

As of December 31,2023

YOY
increase/decrease

(A)

(B)

(B) - (A)(3) Balance of orders received(35.8)%(Unit: Millions of yen)

Increase/Decrease
rate

Clean Transport System

10,516

6,820(3,696)(35.1)%

Motion Equipment35,000

39,565

4,565

13.0%

Power Electronics Equipment

30,69834,991

4,293

14.0%

Engineering&Service

13,00013,204

204

1.6%

Total

89,215

94,582

5,366

6.0%

3. Overseas net sales(Unit: Millions of yen)
Nine Months ended
December 31, 2022

Nine Months ended
December 31, 2023

YOY
increase/decrease

(A)

(B)

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

Increase/Decreaserate

20,603

19,967

(635)

28.8%

29.1%

0.3 pt

4. Capital expenditures, depreciation, and research and development expenses
Nine Months endedDecember 31, 2022

Nine Months ended
December 31, 2023

YOY
increase/decrease

(A)

(B)

(B) - (A)(3.1)%(Unit: Millions of yen)

Increase/Decreaserate

Capital expenditures

4,017

4,744

727

18.1%

Depreciation

2,382

2,568

186

7.8%

Research and development
expenses

2,800

2,490

(310)

(11.1)%- 8-