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.

August 10, 2023

Non-consolidated Financial Results
for the First Quarter of the Fiscal Year Ending 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 to file quarterly securities report:
August 10, 2023
Scheduled date to commence dividend payments:－Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the first quarter of the fiscal year ending March 31, 2024
(from April 1, 2023 to June 30, 2023)(1) Non-consolidated operating results (cumulative)Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2023

7,611(17.6)

834(43.1)820(54.1)552(55.1)

June 30, 2022

9,232

11.1

1,466(1.8)

1,788

21.2

1,229

20.5

Basic earnings
per share
Three months ended

Diluted earnings
per share
Yen

Yen

June 30, 2023

69.61－

June 30, 2022

154.97－(2) Non-consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30,2023

52,087

20,03938.5

March 31, 2023

51,105

19,641

38.4

Reference:

EquityAs of June 30, 2023:
As of March 31, 2023:¥20,039 million¥19,641 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024－

Fiscal year-end

Total

Yen

Yen

20.00

－

20.00

40.00

20.00

－

20.00

40.00

－

Fiscal year ending
March 31, 2024
(Forecast)

Note: Revisions to the most recently announced dividend forecasts: None3.

Forecast of financial results for the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(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%Yen

First half

16,000(8.9)

1,300(54.4)

1,250(61.9)

800(64.4)

100.79Full year

34,5001.02,600(47.7)

2,500(51.2)

1,600(58.2)

201.59Note: Revisions to the most recently announced earnings forecasts: None* Notes(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financialstatements: None
(2) 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
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

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 June 30, 2023

206,502 shares

As of March 31, 2023

206,467 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Three months ended June 30, 2023

7,936,913 shares

Three months ended June 30, 2022

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