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

Non-consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
(Under Japanese GAAP)
Company name:TOYO GOSEI Co., Ltd.
Listing:
Tokyo Stock Exchange, Standard Market
Securities code:
4970
URL:
https://www.toyogosei.co.jp/
Representative:
Yujin Kimura, President and Representative Director
Inquiries:
Shiro Shinozaki, General Manager of Financial and Accounting Department
Telephone:+81-3-5822-6170
Scheduled date of annual general meeting of shareholders:June 25, 2024
Scheduled date to commence dividend payments:
June 26, 2024
Scheduled date to file annual securities report:
June 26, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for Institutional Investors and Analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the fiscal year ended March 31, 2024
(from April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

ProfitFiscal year ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%March 31, 2024

31,956(6.4)

3,512(29.3)

3,393(33.7)

2,396(37.4)March 31, 2023

34,156

3.1

4,968

7.4

5,122

6.8

3,827

10.7

Basic earnings
per share

Diluted earnings
per share

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

Yen

March 31, 2024

301.98

－

11.6

6.1

11.0

March 31, 2023

482.21

－

21.4

10.5

14.5

Net assets

Equity-to-asset ratio

Yen%(2) Non-consolidated financial position
Total assets
As ofNet assets per share

Millions of yen

Millions of yen

March 31, 2024

59,517

21,82536.7

2,749.94

March 31, 2023

51,105

19,64138.4

2,474.74

Reference:

EquityAs of March 31, 2024:
As of March 31, 2023:%

Yen¥21,825 million¥19,641 million(3) Non-consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
periodFiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2024

4,572

(7,593)

3,596

3,645

March 31, 2023

3,659

(3,274)

(406)

3,252

2. Cash dividends
Annual dividends per shareFirstSecond
Third
quarter-end quarter-end quarter-end
Yen
Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)

3.

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Payout ratio

Ratio ofdividends tonet assets%%

Yen Millions of yen

－

20.00

－

20.00

40.00

317

8.3

1.8

－

20.00

－

20.00

40.00

317

13.2

1.5

－

20.00

－

20.00

40.00

14.8

Forecast of financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Basic earnings
per shareProfit% Millions of yen%

YenFirst half

18,00019.6

1,55019.5

1,500

10.7

1,000

9.1

125.99Full year

37,50017.3

3,100(11.7)

3,000(11.6)

2,150(10.3)

270.89

* Notes(1) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(2) Number of issued shares (common shares)(i)

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

8,143,390 shares

As of March 31, 2023

8,143,390 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2024

206,564 shares

As of March 31, 2023

206,467 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2024

7,936,864 sharesFiscal year ended March 31, 2023

7,936,923 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.