February 4, 2022

Financial Results for the Third Quarter of theFiscal Year Ending March 31, 2022
(Under Japanese GAAP)
Company name:TOYO GOSEI Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
4970
URL:
https://www.toyogosei.co.jp/
Representative:
Yujin Kimura, President and Representative Director
Inquiries:
Hiroyuki Taki, Division Manager of Financial and Accounting Division
Telephone:+81-3-5822-6170
Scheduled date to file quarterly securities report:
February 7, 2022
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. Financial results for the third quarter of the fiscal year ending March 31, 2022 (from April 1, 2021 to December 31, 2021)(1) Operating results (cumulative)(Percentages indicate year-on-year changes.)

Net sales
Nine months ended

Operating profit

Millions of yen%

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

December 31, 2021

23,873-3,323

55.3

3,342

60.2

2,289

62.1December 31, 2020

19,823

9.9

2,139

42.1

2,086

48.3

1,412

55.5

Basic earnings
per share
Nine months ended
December 31, 2021

Diluted earnings
per share
YenYen288.40-December 31, 2020
177.92
Note:
The "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31, 2020), etc. has been applied fromthe beginning of the first quarter ended June 30, 2021. As a result, the percentages indicating year-on-year changes are notpresented as the figures for net sales for the third quarter of the fiscal year ending March 31, 2022, are the figures after theapplication of this accounting standard.

(2) Financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen

December 31, 2021

43,862

14,88033.9

March 31, 2021

43,518

12,79029.4

Reference:

EquityAs of December 31, 2021:
As of March 31, 2021:¥14,880 million¥12,790 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022-10.00--15.00-

Fiscal year-end

Fiscal year ending
March 31, 2022
(Forecast)
Note:

TotalYen

Yen

10.00

20.00

15.00

30.00

Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of financial results for the fiscal year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Millions of yen

Full year
Note:

32,000% Millions of yen-4,000Ordinary profit% Millions of yen

36.1

4,000

Basic earnings
per shareProfit% Millions of yen

34.1

2,800%19.4

Yen352.78

Revisions to the forecast of financial results most recently announced: Yes
The "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31, 2020), etc. has been applied
from the beginning of the first quarter ended June 30, 2021. As a result, the percentages indicating year-on-year changes
are not presented. If the previous method had been used, net sales would be 33,100 million yen (YOY +21.9%) for thefull year.

* 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: Yes(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 December 31, 2021

8,143,390 shares

As of March 31, 2021

8,143,390 shares(ii) Number of treasury shares at the end of the period
As of December 31, 2021

206,441 shares

As of March 31, 2021

206,340 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended December 31, 2021

7,937,015 shares

Nine months ended December 31, 2020

7,937,077 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.