（Securities Code：6800）

Financial Results Briefing for
the Fiscal Year Ended March 31, 2024

May 14, 2024

* Information contained in these materials is based on various assumptions anddoes not guarantee the achievement of planned values and measures in the future.
Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Summary of Consolidated Financial Results
Effective from the first quarter of the consolidated fiscal year under review,
the Company had changed the classifications and names of its reporting segments as follows.

NEWOLD

VCCS

Vehicle communicationequipment

CTC

Circuit testingconnectors

FC・MD

Personal
communicationequipment

Advanced Devices
Business

Incubation Center

Platform Business

Advanced Devices
Business

Platform Business

Platform Business, advanced driving assistance systems (ADAS), autonomous driving, and connected cars.
In addition, Advanced which is part of the Incubation Center segment, works to develop more advanced and high value-added strategic
products in new fields including Device Business promotes the development of high-speed transmission device products that boast
versatility and originality to the optical communications market, with the aim of achieving high-speed, high-capacity communications.
Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
（ Unit: Million yen ）◆VCCS（Vehicle Communication Comfort & Safety：Former 「Vehicle communication equipment」 － 「Platform Business」

Net sales
Operating profits

55,583 （YoY +20.6％）
3,100 （▲1,701 in the previous FY）◆CTC（Circuit Testing Connector）：Former 「Circuit testing connector」

Net sales
Operating profits

12,585 （YoY ▲43.7％ ）▲794 （6,169 in the previous FY）

・Sales are improved as ｔhe global shortages of semiconductors and component supply
stagnation eased.
・Increased profit associated with an increase in sales and decreased physical distribution
costs by low ocean freight rates, despite increased production volume and high labor costs at
production bases.

・Sales are decreased because capital investment is curbed on and demand for PCs andsmartphones declined associated with inventory adjustments by semiconductor manufacturers
・Decreased profit associated with a decrease in sales and an increase in fixed costs、despite
curbs on expenses including labor costs.

◆FC・MD（Fine Connector ・ Medical Devices）◆Incubation Center：Former 「Personal communication equipment」 － 「Advanced Devices Business」

Net sales
Operating profits

8,373 （YoY ▲7.5％ ）
117 （ YoY ▲85.2％ ）・FC： Decreased in sales of POS terminals and product for wearable devices due tocustomer's production adjustment.
・MD：Increased in sales due to strong sales of catheter components for a major domestic
medical device manufacturer which is a major customer.
⇒Decreased profit associated with a decrease in sales in FC business and changes in FC’sbusiness structure.

：Former 「Platform Business」・ 「Advanced Devices Business」

Net sales
Operating profits

345 （YoY ▲19.7％）▲811（▲534 in the previous FY）

・Platform business has made progress in expanding sales of MIMO antennas utilizing smart
antenna technologies for IoT, and vehicle key management solutions for MaaS and rental cars.
・This segment, which is in the early stages of its development, generates sales at a small scale
and involves up-front investment.

◆ Ordinary profit reflects a reversal of deferred tax assets, leading to an increase in the tax burden ratio , despite an exchange gain of¥2,099 million attributable to the weakening of the yen.
Ordinary Profit

3,710（ YoY ▲34.6％ ）Profit

1,511（ YoY ▲52.0 ％ ）Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Summary of Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
Average exchange rate
1＄：￥ 135.49

Average exchange rate
after February 2024
1＄：￥145.00

Average exchange rate
1＄：￥144.58

FY 2023/3
Results

Previous Review(Announced inFebruary 2024）
Forecast

FY 2024/3
Results（ Unit: Million yen ）YoYCompared withPrevious
Forecast

Net sales

77,96276,00076,895

▲1.4％

+1.2％

Operatingprofit4,739

1,0001,617▲65.9％+61.8％

Ordinary
profit

5,675

2,400

3,710

▲34.6％+54.6％

Profit

3,147

1,400

1,511

▲52.0％+8.0％

Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Trend in Net Sales by segment
77,962

76,895（ Unit: Million yen ）Incubation Center / Others

446

9,051
22,37446,089FY 2023/3

352

8,373
12,58555,583

FC・MD
CTC
VCCS
Year on YearThe whole company▲1.4％

Incubation CenterOthers▲21.0%

FC・MD

▲7.5％

CTC

▲43.7％

VCCS+20.6％

FY 2024/3

Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Analysis of gain and loss for operating profit by segment (YoY)<VCCS><Factors for operating profit>①Increase in labor cost
②Decrease in logistic cost
③Decrease in expense including fixed cost
④Improve profitability including ​the collection of cost increases⑤Increase in profit by higher sales<CTC>（ Unit: Million yen ）< Factors for operating profit >①Decrease in raw-material cost
②Curbs on labor cost
③Increase in expense of back-office④Decrease in profit by low sales▲950+350+950+1,000+3,451+100+100▲100▲7,063

00Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Analysis of gain and loss for operating profit by segment (YoY)<Incubation Center><FC・MD>< Factors for operating profit >①Decrease in common cost allocation+200②Decrease in expense including fixed cost （FC） +100
③Increase in expense including fixed cost （MD） +500
④Decrease in profit by low sales▲478< Factors for operating profit >①Increase in labor cost
②Increase in common cost allocation③Decrease in expense（ Unit: Million yen ）▲200▲100+23(included a change in business structure due to low sales in FC)

00

Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Full-year Results Forecast
Average exchange rate
1＄：¥144.58

Average exchange rate
1 ＄：¥ 145.00（ Unit: Million yen ）The first half of
FY 2025/3
Current Forecast

FY 2025/3
Current Forecast

Net sales

76,89540,00081,150+5.5％

Operatingprofit

1,617

1,800

4,550+181.2％

Ordinary
profit

3,710

1,000

3,750+1.1％

Profit1,511

650

2,500+65.4％

Yokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Forecast for Capital Investment and Depreciation（ Unit: Million yen ）
5,448

5,092

4,741

4,700

4,430
3,833

4,013

4,0003,302
2,987

＜YoY＞

FY 2021/3

FY 2022/3

FY 2023/3

Capital Investment

FY 2024/3

Depreciation

CapitalInvestment▲0.9%

Depreciation▲0.3％

FY 2025/3

ForecastYokowo Co., Ltd.

The Fiscal Year Ended March 31, 2024

Dividends（ Unit: Yen Per Share ）InterimYear-end

FY2021/3

FY2022/3

16182022

FY2025/3*

FY2023/3

FY2024/3

Figures inparentheses areforecast.

2522（24）2522（24）

Including commemorative
dividend 3 yen per share

Including commemorative
dividend 3 yen per share

AnnualConsolidated
payout ratio

36405044（48）

19.5％

19.8％

37.0％

67.8％

（44.8%）

Yokowo Co., Ltd.