For the Fiscal Year Ended March 31, 2019

Annual Select® 2019

ENOMOTO Co., Ltd.
8154-19, Uenohara, Uenohara-shi, Yamanashi(Securities Code: 6928)+81-554-62-5111

Corporate Profile
The ENOMOTO Group (the “Group”) has been contributing to Japanesemanufacturing since its founding in 1962, underpinned by its Management
Philosophy of “recognizing that people are at the heart of business
management, ENOMOTO (the “Company”) is committed to healthy
manufacturing as its contribution to the development of an affluent society.”
Achievements in this regard have involved developing numerous newtechnologies related to press processing, establishing die technologies
encompassing a wide range of processes such as blanking, bending, drawing
and resin molding, and coming up with ultrafine composite machining
technologies for metal and plastic geared to addressing fast-evolving market
needs for miniaturization, higher performance and more functions.
By swiftly responding to prevailing market needs in a manner that fully
leverages ENOMOTO’s proprietary technological strengths, we have beenable to successively expand our fields of business thus far into areas extending
from lead frames for integrated circuits and transistors to relay components,
lead frames for opto-electronic devices, and components for micro pitch
connectors.

I.

Summary of Selected Financial Data (Consolidated)

Net sales

49th term

50th term

51st term

52nd term

53rd term

Fiscal year ended
March 31, 2015

Fiscal year ended
March 31, 2016

Fiscal year ended
March 31, 2017

Fiscal year ended
March 31, 2018

Fiscal year ended
March 31, 2019

18,903,259

19,135,159

19,366,575

22,103,762

21,047,885

1,072,595

799,628

1,314,034

1,601,535

1,260,245

1,189,706

480,894

936,593

1,246,124

912,597

2,140,449

89,937640,368

1,205,953

624,604

11,894,205

11,983,917

12,377,988

14,761,555

15,069,747

21,532,634

19,944,770

20,491,920

23,479,123

23,497,834

776.217,820.95

2,061.63

2,169.16

2,240.94

77.63

313.84153.33199.29134.37––152.86198.32133.98

55.2

60.0

60.4

62.7

64.0

11.0

4.0

7.6

9.1

6.1

6.9

7.7

8.5

8.0

6.3

1,666,294

667,727

2,203,308

2,012,025

592,341

15,063(1,150,085)(769,269)(1,557,564)(1,238,704)(702,268)(640,727)(901,464)

1,175,516(536,363)

3,182,728

1,972,901

2,422,017

4,085,503

2,858,477

1,007
[444]

1,008
[504]

1,055
[633]

1,126
[586]

1,253
[637]

(Thousands of yen)

Ordinary profit(Thousands of yen)

Profit attributable to owners ofparent(Thousands of yen)Comprehensive income(Thousands of yen)

Net assets(Thousands of yen)

Total assets(Thousands of yen)

Net assets per share(Yen)

Basic earnings per share(Yen)

Diluted earnings per share(Yen)

Equity-to-asset ratio(%)

Rate of return on equity
(ROE)
(%)

Price-earnings ratio (PER)(Times)Net cash provided by (used in)operating activities(Thousands of yen)

Net cash provided by (used in)investing activities(Thousands of yen)

Net cash provided by (used in)financing activities(Thousands of yen)

Cash and cash equivalents at
end of period(Thousands of yen)

Number of employees[Separately, average numberof temporary workers](Persons)

Notes: 1.
2.
3.
4.

5.

Consumption taxes (refers to consumption and local consumption taxes. The same shall apply hereinafter) are not included in
net sales.
Diluted earnings per share for the 49th and 50th terms are not presented because there are no potential shares.
The Company conducted a share consolidation of ordinary shares at a ratio of 1 share for each 10 shares with the effective dateof October 1, 2016. Net assets per share, basic earnings per share and diluted earnings per share are calculated assuming thatthe shares were consolidated at the beginning of the 50th term.
The Company conducted a share split of ordinary shares at a ratio of 4 shares for 1 share with the effective date of October 1,
2017. Net assets per share, basic earnings per share and diluted earnings per share are calculated assuming that the share split
was conducted at the beginning of the 51st term.
The “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28, February 16, 2018)
and relevant Guidances have been applied from the beginning of the fiscal year ended March 31, 2019. Accordingly, thefigures for the key management indicators, etc. for the previous fiscal year have been adjusted retroactively.

-1-II. President’s Message
Having been engaged in manufacturing now for over half a century
since being founded, we at ENOMOTO are again returning to our
origins in terms of wholeheartedly pursuing the notion of“ENOMOTO quality manufacturing.” We accordingly aim toplease our customers operating in a manner whereby each andevery one of our people meticulously manufactures products using
our die technologies – which is what we mean by “ENOMOTO
quality manufacturing.” Especially in light of today’s era ofmanufacturing, where emphasis is placed on simplicity, mass
volume production and affordability, we stand committed to pursuing quality manufacturing into which ourhearts and souls are invested while tenaciously taking on challenges. The reliable technologies that we havedeveloped over many years are precisely what underpin this commitment to quality manufacturing. ENOMOTO
takes a one-of-a-kind approach to engaging in quality manufacturing across its three business pillars of leadframes, opto-electronic devices and connectors, thereby leveraging its sophisticated die technologies
encompassing a wide range of applications such as blanking, bending, drawing, and molding. Our establishedtechnologies will act as the basis for our efforts to pioneer a new era which will involve further deepening suchcapabilities, extending such technologies to different industries, and boldly taking on further challenges withrespect to developing business in new fields of technology. Armed with ENOMOTO’s quality manufacturing
DNA wielded by each and every one of our employees, we will keep striving to be a robust company that earns
the trust and support of its customers and local communities.
Our products in particular include lead frames for opto-electronic devices typified by light-emitting diodes(LEDs) which constitute an energy-saving product that helps combat global warming, components for micro
pitch connectors installed in smartphones and other IT devices and various types of semiconductor lead frames
essential for facilitating the spread of self-driving vehicles and IoT. We take pride in these products, which are
key technological elements poised to help bring about advances in society going forward. Also, we believe that
supplying these products to major manufacturers worldwide will enable the Group to continue playing an
indispensable role with respect to helping in bringing about a prosperous society in the future.
Not content with the status quo, the Group has been striving to enhance its competitiveness in the market by
actively building an optimal production system geared to addressing future user needs and regional demand. To
such ends, we have established a firm position as one of Asia’s leading manufacturers in precision composite
machining of metals and resins capable of working with global supply frameworks through our operations inJapan and overseas. Presently in Japan, this includes four factory sites of Headquarters Factory Enzan Site,
Headquarters Factory Uenohara Site, Tsugaru Factory and Iwate Factory, while overseas, this includes two
factory sites, one in the Philippines and the other in China. In the previous fiscal year, Japan’s economy
maintained a growth trajectory amid improvement in corporate earnings and employment conditions. However,
the economic outlook remains uncertain given the emergence of a moderately slowing global economy broughton by factors that include Sino-American trade friction and economic slowdown in emerging nations. Overseas
markets were subject to a brief phase of volatility partially due to geopolitical risk in the Middle East and East
Asia, while the Chinese economy endured a marked slowdown in automotive and private capital investment
during the second half of the fiscal year. In the electronic components industry to which the Group belongs,
demand remained firm for IoT-related products, particularly due to increasing automotive electrification andcapital investment in data centers, yet the mobile-related sector was sluggish amid a phase of transition to fifth
generation (5G) wireless technology. Under such circumstances, the Group has been endeavoring to increase its
sales and earnings power through efforts that involve further improving quality and systematically reducing
production costs by automating and streamlining manufacturing processes. In the fiscal year ended March 31,
2019, the Company consequently generated net sales of ¥21,047 million (down 4.7% YoY), operating profit of-2-¥1,131 million (down 32.4% YoY), ordinary profit of ¥1,260 million (down 21.3% YoY), and profit attributableto owners of parent of ¥912 million (down 26.7% YoY). As of November 9, 2018, the Company’s shares havebeen assigned to the First Section of the Tokyo Stock Exchange, from the Second Section previously, perapproval granted by Tokyo Stock Exchange, Inc., and thank you to the support of our shareholders and otherstakeholders. Along with our gratitude for the support of our stakeholders, we are also aware that being listed on
the First Section of the Tokyo Stock Exchange calls for greater social responsibility. As such, we will strive tomeet expectations of our stakeholders through our efforts to further develop our business, and ask for yourcontinued support in that regard.

Net sales

Ordinary profit(Millions of yen)

(Millions of yen)

1,800

23,00022,103

1,200

18,903

19,135

19,366

799

800
600
400

18,000200

17,0000Mar. 2015

Mar. 2016

Mar. 2017

Mar. 2018

Mar. 2019

Mar. 2015

Profit attributable to owners of parent
1,400

Mar. 2018

Mar. 2019313.84

300
936

1,000

912

250

800

199.29200

600

Mar. 2017

(Yen)

350

1,246

1,189

Mar. 2016

Basic earnings per share(Millions of yen)

1,200

1,260

1,072

1,000

20,00019,000

1,314

1,400

21,04721,000

1,601

1,600

22,000153.33

150

480

400

100

200

50

0

134.3777.63

0Mar. 2015

Mar. 2016

Mar. 2017

Mar. 2018

Mar. 2019

Mar. 2015-3-

Mar. 2016

Mar. 2017

Mar. 2018

Mar. 2019

III. Medium-term Management Policy
The Group has drawn up its Medium-term Business Plan which is to serve as a guideline for the Group’sbusiness operations over the five-year period extending from fiscal 2016 to fiscal 2020. Our Medium-termManagement Policy stated as, “we will create new value while pursuing the notion of quality manufacturing
unrivaled by other companies,” inspires us to reach even higher in a manner whereby we make the most of thetechnological strengths developed by the Group.
Meanwhile, we recognize that the Group must now address the four challenges listed below.
(i) Securing and developing human resources
We must pass down and develop our accumulated technological strengths, premised on the notion that“people are at the heart of business management,” as stated in the Group’s Management Philosophy. As
such, we perpetually face challenges of securing and developing young technical professionals in particular.
Both in Japan and overseas, we have been engaging in various recruitment initiatives geared to securing aneven wider range of human resources while providing our employees with education and training on thebasis of taking a medium- to long-term perspective.
(ii) Taking action in new fields of business
Irrespective of its categories of business thus far, the Group will advance into fields of business forleveraging its technological strengths and production capacity, and actively set the stage for such initiatives.
(iii) Heightening production efficiency
We will persist with our efforts to innovate our manufacturing processes, building on efforts taken thus far.
In so doing, we aim to further reduce production costs, particularly by focusing on streamlining andautomating operations, and achieving labor savings.
(iv) Expanding production overseas
We have been shifting our production bases to overseas with the aims of streamlining production andupgrading our customer service.
Moreover, we have designated the task of “learning” as our key managerial theme for fiscal 2019, the fourth yearof our Management Policy. This plainly embodies the notion that learning involves a cycle whereby one acquires
new skills and knowledge upon having scrutinized his or her past performance, enlisting a humble process of
self-reflection.
We will also strive to boost our visibility and heighten our corporate value by focusing on initiatives geared tomaking the Company’s business operations and related efforts more widely known.

-4-IV. Helping to Achieve the Sustainable Development Goals (SDGs)
through Our Business Activities
The Company aims to make affordable, high-quality hydrogen fuel cell stacks more prevalent. To such ends, wehave been engaging in R&D, manufacturing and commercialization of a “metal separator incorporating a built-in
gas diffusion layer, which is the main component of hydrogen fuel cells,” in collaboration with Yamanashi
Prefecture and the University of Yamanashi.
Financing for this project has been arranged with Sumitomo Mitsui Banking Corporation, which involved firstdrawing up a Green Finance Framework (GFF) both in alignment with the Green Bond Principles (GBP)
established by the International Capital Market Association (ICMA), and in alignment with the Green Loan
Principles established by the Loan Market Association (LMA) and the Asia Pacific Loan Market Association(APLMA), and subsequently acquiring a Second Party Opinion from The Japan Research Institute, Limited toensure compliance with the GFF.
Relevance to the Sustainable Development Goals (SDGs)
Goals

Overview of the targets most relevant to the SDGs
(7.1)

(7.3)

By 2030, ensure universal access toaffordable, reliable and modern energy
services
By 2030, double the global rate of
improvement in energy efficiency(9.4)

By 2030, upgrade infrastructure and retrofit
industries to make them sustainable, withincreased resource-use efficiency andgreater adoption of clean andenvironmentally sound technologies andindustrial processes, with all countries
taking action in accordance with theirrespective capabilities(13.1)

Strengthen resilience and adaptive capacity
to climate-related hazards and natural
disasters in all countries
Integrate climate change measures into
national policies, strategies and planning(13.2)(17.17) Encourage and promote effective public,
public-private and civil society
partnerships, building on the experienceand resourcing strategies of partnerships-5-

Reason why project is relevant to the SDGs
listed to the left
 The project aims to make affordable,
environmentally-sound energy more prevalent
by manufacturing, engaging in R&D andcommercializing improved hydrogen fuelcells.

 The project entails engaging in R&D involvinghydrogen fuel cells throughindustry-government-academia partnership in
conjunction with Yamanashi Prefecture, theUniversity of Yamanashi and other entities.
 Support for R&D for hydrogen fuel cells is
also being furnished by the Japanese
government’s Ministry of Education, Culture,
Sports, Science and Technology (MEXT).

V. Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-6-

As of March 31, 2018

As of March 31, 2019

4,085,503
5,351,846
703,283
911,138
1,205,725
143,091
35,377(2,621)
12,433,344

2,858,477
5,831,028
850,644
1,259,834
1,507,148
98,02981,881(2,896)
12,484,148

8,965,513(5,966,837)
2,998,676
12,433,440(9,143,634)
3,289,805
3,447,585(3,087,048)
360,537
2,877,609
154,749
9,681,378
95,224

8,982,009(6,032,054)
2,949,954
12,678,935(9,103,685)
3,575,249
3,381,660(3,024,230)
357,429
2,851,834
258,722
9,993,191
83,071

822,892
135,039
82,433
261,510(32,700)
1,269,175
11,045,778
23,479,123

578,061
146,349
40,554205,156(32,700)
937,422
11,013,685
23,497,834

(Thousands of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Provision for retirement benefits for directors(and other officers)
Provision for share-based remuneration for
directors (and other officers)
Deferred tax liabilities for land revaluation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets-7-

As of March 31, 2018

As of March 31, 2019

5,108,225
1,092,547
164,527
318,000
949,269
7,632,570

4,746,766
1,015,315
78,912
278,000
1,306,506
7,425,500

124,348
204,359
193,828

25,134245,132
224,830

110,076

68,992–

23,103289,669
162,715
1,084,997
8,717,568

288,517
126,876
1,002,586
8,428,086

4,749,333
5,088,699
4,913,988(86,773)
14,665,248

4,749,333
5,082,571
5,585,980(152,950)
15,264,934

104,9328,498(407,071)
412,454(35,387)
74,92821,37914,761,555
23,479,123(404,302)
218,114(32,605)(210,295)
15,10915,069,747
23,497,834

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Thousands of yen)
Fiscal year ended
March 31, 2018
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rent income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on transfer of receivables
Taxes and dues
Depreciation
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment loss
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent-8-

Fiscal year ended
March 31, 201922,103,762
18,183,890
3,919,872
2,245,246
1,674,625

21,047,885
17,660,149
3,387,736
2,256,169
1,131,566

7,417
7,310
58,223–30,364
103,315

13,806
66,47858,22325,21837,438201,165

27,68814,396
8,604
16,864
102,546
6,305
176,404
1,601,535

23,807
12,3148,240
19,966–
8,157
72,486
1,260,245

6,829
–
6,829

21,932
95,343
117,276

23,392
62,842––
86,234
1,522,130
358,626(82,619)
276,006
1,246,124
1,246,124

13,867
16,24825,774
41,61097,501
1,280,020
255,493111,930
367,423
912,597
912,597

(Consolidated Statements of Comprehensive Income)(Thousands of yen)
Fiscal year ended
March 31, 2018
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable tonon-controlling interests-9-

Fiscal year ended
March 31, 2019

1,246,124

912,597

6,442(29,586)(17,026)(40,170)
1,205,953(96,434)(194,340)
2,781(287,992)
624,604

1,205,953

624,604––

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2018
(Thousands of yen)
Shareholders’ equity

Balance at beginning of current
periodCapital stock

Capital surplus

Retained earnings

Treasury shares

4,149,472

4,459,862

3,817,860(172,694)

599,861

599,861

Total shareholders’equity12,254,501

Changes of items during period
Issuance of new shares

1,199,722

Dividends of surplus(149,997)(149,997)

Profit attributable toowners of parent

1,246,124

1,246,124

Purchase of treasury shares
Disposal of treasury shares

28,975

(778)

(778)

86,699115,675

Reversal of revaluation
reserve for land–

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period599,861

628,836

1,096,127

85,9212,410,747

4,749,333

5,088,699

4,913,988(86,773)

14,665,248

Accumulated other comprehensive income
Valuationdifference on
Revaluation
availablereserve for landfor-salesecurities
Balance at beginning of current
period98,490(407,071)

Foreigncurrencytranslation
adjustment
442,040

Total
Remeasureaccumulated
ments ofother
defined benefit
comprehensive
plansincome(18,360)

115,099

Share
acquisitionrights8,387

Total net assets

12,377,988

Changes of items during period
Issuance of new shares

1,199,722

Dividends of surplus(149,997)

Profit attributable toowners of parent

1,246,124

Purchase of treasury shares(778)

Disposal of treasury shares

115,675

Reversal of revaluation
reserve for land–

Net changes of items otherthan shareholders’ equity

6,442

–

(29,586)(17,026)(40,170)

12,991(27,179)

Total changes of items during
period6,442–(29,586)(17,026)(40,170)

12,991

2,383,567

104,932(407,071)

412,454(35,387)

74,92821,37914,761,555

Balance at end of current
period- 10 -

Fiscal year ended March 31, 2019
(Thousands of yen)
Shareholders’ equity

Balance at beginning of current
periodCapital stock

Capital surplus

Retained earnings

Treasury shares

4,749,333

5,088,699

4,913,988(86,773)

Total shareholders’equity14,665,248

Changes of items during period
Issuance of new shares–

Dividends of surplus(237,836)(237,836)

Profit attributable toowners of parent

912,597

912,597

Purchase of treasury shares
Disposal of treasury shares(6,128)

Reversal of revaluation
reserve for land

(81,987)(81,987)

15,8099,680(2,769)(2,769)Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current
period–(6,128)

671,992(66,177)

599,685

4,749,333

5,082,571

5,585,980(152,950)

15,264,934

Accumulated other comprehensive income
Valuationdifference on
Revaluation
availablereserve for landfor-salesecurities
Balance at beginning of current
period104,932(407,071)

Foreigncurrencytranslation
adjustment
412,454

Total
Remeasureaccumulated
ments ofother
defined benefit
comprehensive
plansincome(35,387)

74,928

Shareacquisitionrights21,379Total net assets

14,761,555

Changes of items during period
Issuance of new shares–

Dividends of surplus(237,836)

Profit attributable toowners of parent

912,597

Purchase of treasury shares(81,987)

Disposal of treasury shares

9,680

Reversal of revaluation
reserve for land

(2,769)Net changes of items otherthan shareholders’ equity(96,434)

2,769(194,340)

2,781(285,223)(6,269)(291,493)

Total changes of items during
period(96,434)

2,769(194,340)

2,781(285,223)(6,269)308,192

8,498(404,302)

218,114(32,605)(210,295)

15,10915,069,747

Balance at end of current
period- 11 -

(4) Consolidated Statements of Cash Flows(Thousands of yen)
Fiscal year ended
March 31, 2018
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Increase (decrease) in provision for retirement
benefits for directors (and other officers)
Increase (decrease) in provision for share-based
remuneration for directors (and other officers)
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful
accounts
Interest and dividend income
Interest expenses
Gain on sales of property, plant and equipment
Loss on sales of property, plant and equipment
Loss on retirement of property, plant and equipment
Impairment loss
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable- tradeDecrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Proceeds from sales of investment securities
Purchase of investment securities
Decrease (increase) in other investments
Other, net
Net cash provided by (used in) investing activities- 12 -

Fiscal year ended
March 31, 2019

1,522,130983,329
8,761
3,365

1,280,020
1,145,532
34,704(7,314)(2,800)(41,084)–

23,10397,000(40,000)

537

274(14,728)
27,688(6,829)23,392
62,842–––(80,284)
23,807(21,932)
13,867
16,24825,774(95,343)
41,610(719,033)(529,990)(273,236)(43,007)(817,836)(3,648)582,610(333,625)

120,4365,143
2,377,603
14,728(27,232)(353,073)
2,012,025

240,486(1,941)
872,428
80,284(23,798)(336,573)
592,341(1,568,431)
49,617(24,234)
24,756(9,583)(23,923)(5,766)(1,557,564)(1,727,600)
245,605(9,796)
180,814(7,439)53,90325,808(1,238,704)

(Thousands of yen)
Fiscal year ended
March 31, 2018
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of common shares
Proceeds from issuance of shares resulting fromexercise of share acquisition rights
Repayments of finance lease obligations
Purchase of treasury shares
Proceeds from sales of treasury shares
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 13 -

Fiscal year ended
March 31, 201934,844
301,159(275,155)
1,199,722

34,097–(194,662)––

12(49,954)(778)
115,675(149,997)
1,175,516(55,988)(81,987)–(237,836)(536,363)

33,508(44,300)

1,663,486
2,422,017
4,085,503(1,227,026)
4,085,503
2,858,477

VI. Company History
Date
April 1967

December 1969
March 1973
April 1987

July 1990
November 1990
June 1991
March 1995
August 1995
October 1995
August 1997
November 2000
January 2001
April 2003
April 2004
December 2004
April 2010
July 2013
October 2015
December 2015
December 2017
November 2018

Event
ENOMOTO MANUFACTURING Co., Ltd. established in Sagamiko-machi, Tsukui-gun, Kanagawa(present day, Midori-ku, Sagamihara-shi, Kanagawa), for the purpose of manufacturing precisionmolds and processing pressed components including electronic components fabricated using suchmolds
Uenohara Factory built in Uenohara-cho, Kitatsuru-gun, Yamanashi (present day, Uenohara-shi,
Yamanashi), in order to expand operations
Headquarters relocated to Uenohara-cho, Kitatsuru-gun, Yamanashi, from Sagamiko-machi,
Tsukui-gun, Kanagawa
Enzan Factory (present day, Headquarters Factory) built in Enzan-shi, Yamanashi (present day,
Koshu-shi, Yamanashi), for the purpose of increasing sales of LED lead frames and streamlining
processing of molded components
ENOMOTO MANUFACTURING Co., Ltd. renamed ENOMOTO Co., Ltd.
Shares registered for over-the-counter trading with the Japan Securities Dealers Association (JSDA)
Tsugaru Enomoto Co., Ltd. (present day, Tsugaru Factory) established in Goshogawara-shi, Aomori
Iwate Factory built in Otsuchi-cho, Kamihei-gun, Iwate
Uenohara Factory (present day, Headquarters Factory) relocated to the Uenohara industrial estate
ENOMOTO PHILIPPINE MANUFACTURING Inc. established in Cavite Province, Republic of
the Philippines (currently a consolidated subsidiary)
Iwate Enomoto Co., Ltd. (present day, Iwate Factory) established, undertakes business of Iwate
Factory
ENOMOTO HONG KONG Co., Ltd. established in Hong Kong, PRC (currently a consolidated
subsidiary)
ZHONGSHAN ENOMOTO Co., Ltd. established in Zhongshan City, Guangdong Province, PRC(currently a consolidated subsidiary)
Headquarters relocated to 8154-19 Uenohara, Uenohara-cho, Kitatsuru-gun, Yamanashi (presentday, 8154-19 Uenohara, Uenohara-shi, Yamanashi)
Subsidiaries Tsugaru Enomoto Co., Ltd. and Iwate Enomoto Co., Ltd. merged into the Company,
and Tsugaru Factory and Iwate Factory establishedOver-the-counter trading registration with JSDA canceled and shares listed on Jasdaq Securities
Exchange
Shares listed on the JASDAQ of the Osaka Securities Exchange upon merger of Jasdaq Securities
Exchange and Osaka Securities Exchange
Shares listed on the JASDAQ Standard of the Tokyo Stock Exchange upon integration of the Tokyo
Stock Exchange and Osaka Securities Exchange
Headquarters Factory established upon integration of Enzan Factory and Uenohara Factory
Cavite No. 2 Factory of ENOMOTO PHILIPPINE MANUFACTURING Inc. established in Cavite
Province, Republic of the Philippines
Listing changed to Second Section of the Tokyo Stock Exchange, from the JASDAQ Standard of theTokyo Stock Exchange previously
Shares registered on the First Section of the Tokyo Stock Exchange- 14 -

VII. Corporate Data
Basic Information (as of March 31, 2019)
Trade name:
Established:
Listed market:
Listed:Business year:
Capital stock:
Number of employees:
Head office:Telephone:
Consolidated subsidiaries:

ENOMOTO Co., Ltd.
April 1967
The First Section of the Tokyo Stock Exchange(Securities Code: 6928)
November 2018
From April 1 to March 31¥4,749,333 thousand
1,890 persons (on a consolidated basis; including
temporary employees)
8154-19, Uenohara, Uenohara-shi, Yamanashi+81-554-62-5111
ENOMOTO PHILIPPINE MANUFACTURING Inc.
ENOMOTO HONG KONG Co., Ltd.
ZHONGSHAN ENOMOTO Co., Ltd.

Directors and Audits Committee Members (as of June 26, 2019)
President
Managing Director
Managing Director
Director
Fulltime Audits Committee Member*
Audits Committee Member*
Audits Committee Member*

Nobuyuki Takeuchi
Homare Shiratori
Mitsuhiro Kushima
Nobuo Sakurai
Tadashi Kato
Sachiko Yamaki
Michiyo Ujiie* Outside Director- 15 -

Stock Status (as of March 31, 2019)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders:

15,000,000 shares
6,865,360 shares
2,743

Major shareholders (Top 10)630,260
420,328
416,700

Shareholding ratio(excluding treasury
shares) (%)
9.25
6.17
6.12

147,300

2.16

134,100

1.96

130,792

1.92

101,600

1.49

96,40093,66089,600

1.41
1.37
1.31

Number of shares held
(Shares)Name
Enomoto Kosan Ltd.
MN Kikaku Ltd.
Japan Trustee Services Bank, Ltd. (Trust account)
The Master Trust Bank of Japan, Ltd. (Trustaccount)
KBL EPB S.A. 107704
ENOMOTO Employee Stock Ownership
Association
UBS AG LONDON A/C IPB SEGREGATEDCLIENT ACCOUNT
Kenichi Matsuoka
Nobuo Sakurai
Takanobu Enomoto* In addition to shares described above, the Company holds 57,369 shares as treasury shares.

*

Annual Select is an English-language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese-language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

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