Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
July 29, 2024
Company name:Sansha Electric Manufacturing Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

6882
URL https://www.sansha.co.jp
Representative Director, President
Hajimu Yoshimura

Inquiries:

General Manager
Corporate Planning Division

Hiroyuki Maruyama

Managing Operating Officer
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
Holding of financial results meeting:

YesNo

TEL

06-6321-0321(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2024
5,975 (12.5)
425 (24.8)
534 (13.0)
278 (30.5)
Three months ended June 30, 2023
6,829
8.6
565 450.0
614 408.9
400–
Earnings per share

Diluted earnings per share

Yen
20.92
30.11

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
33,34935,334As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
24,53324,432

Net assets per share
%
73.6
69.1

Yen
1,844.64
1,837.05

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
10.00

Yen–

Yen
40.00

Yen
50.00

10.00

–

30.00

40.00

Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Full year

Millions of yen
28,800Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
(7.1)
1,400 (58.9)
1,400 (59.7)
980 (66.8)
73.68

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

14,950,000 shares As of March 31, 2024

14,950,000 shares

Number of treasury shares at the end of the period
As of June 30, 2024

1,650,022 shares As of March 31, 2024

1,650,022 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

13,299,978 shares Three months ended June 30, 2023

213,299,978 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

5,825
457

7,455
405

Accounts receivable - trade
Electronically recorded monetary claims - operating

7,702
4,278

5,784
1,976

Merchandise and finished goods
Work in process

3,997
1,829

4,160
2,147

Raw materials and supplies
Other

3,047
284

3,227
324(31)(24)

27,39325,458

1,627

1,603

619
2,238

670
2,238

Leased assets, net
Construction in progress

339
711

330
869

Other, net

233

204

5,770

5,915

Goodwill
Other

16
195

14219

Total intangible assets

211

234

Investments and other assets
Investment securities

213

204

Deferred tax assets
Retirement benefit asset

689
797

494
730

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land

Total property, plant and equipment
Intangible assets

Other
Total investments and other assets
Total non-current assets
Total assets

3259

311

1,959

1,740

7,941

7,890

35,33433,349(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

3,850

3,075

Electronically recorded obligations - operating
Short-term borrowings

405
1,000

327
1,000

Accounts payable - otherAccrued expenses

1,394723

1,623
918

Income taxes payable
Contract liabilities

1,001
211

98
226

Provision for bonuses
Provision for product warranties

895
44441
41

Provision for loss on orders received
Other

73
922

97
586

10,522

8,435

155

150

Directors' retirement benefits payable
Deferred tax liabilities

68
9

68
12

Provision for share based compensation expenses fordirectors

33

33

Retirement benefit liability
Other

58
54

57
57

Total non-current liabilities

378

379

10,901

8,815

Shareholders' equity
Share capital

2,774

2,774

Capital surplus
Retained earnings

2,755
18,5612,755
18,302

Treasury shares(1,597)(1,597)

Total shareholders' equity

22,493

22,234

28
1,697

34
2,104

213

159

Total current liabilities
Non-current liabilities
Lease liabilities

Total liabilities
Net assets

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4

1,939

2,298

24,432

24,53335,33433,349

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

6,829
5,036

5,975
4,263

Gross profit

1,792

1,711

Selling, general and administrative expenses

1,227

1,286

565

425

Interest income
Dividend income

305
1

Rental income
Gain on valuation of derivatives

332

344

Compensation income for damage
Other–30110
7Total non-operating income

70173

Operating profit
Non-operating income

Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Foreign exchange losses

23–
18

1642

Other

01

Total non-operating expenses

2063

Ordinary profit

614

534

Profit before income taxes

614

534

Income taxes - current
Income taxes - deferred

153
60

33
223

Total income taxes

214

256

Profit400

278

Profit attributable to owners of parent

400

278

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months endedJune 30, 2023

June 30, 2024
400

278

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

2309

5407

Remeasurements of defined benefit plans, net of tax

5(53)

317

359

Comprehensive income

Total other comprehensive income

717

637

Comprehensive income attributable toComprehensive income attributable to owners of parent

717

637

6