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 Six Months Ended September 30, 2022
(Based on Japanese GAAP)
October 28, 2022
Company name:
SUN-WA TECHNOS CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:
Inquiries:

8137
URL https://www.sunwa.co.jp/
Chairman,President and Representative
Director
Executive Officer and General Manager

Hiroyuki Tanaka
Katsuya Tamaki

Administration Headquarters
Scheduled date to file Quarterly Securities Report:

November 11, 2022

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

December 1, 2022
Yes

Holding of quarterly financial results meeting:

Yes

TEL

03-5202-4011(for analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2022
Six months ended September 30, 2021

Millions of yen
84,35670,978Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
18.8
3,299
56.5
3,575
62.9
2,528
63.0
14.8
2,108 134.2
2,195 115.0
1,551 119.7

Earnings per share

Diluted earnings per share

Yen
163.5098.23

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2022
As of March 31, 2022

Net assets

Millions of yen
99,251
93,078Equity ratio

Millions of yen
41,48038,023

%
41.8
40.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
17.00
20.00

Yen–

Yen
20.00

Yen
37.00

–

20.00

40.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
174,000
12.7
6,500
35.3
6,650
28.0
4,650
30.0
300.72

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
Yes

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

16,044,000 shares As of March 31, 2022

16,044,000 shares

Number of treasury shares at the end of the period
As of September 30, 2022

562,307 shares As of March 31, 2022

600,439 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

15,462,672 shares Six months ended September 30, 2021

215,791,675 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

14,04943,146

16,00545,030Electronically recorded monetary claims - operating
Merchandise

8,851
12,006

9,445
16,405Work in process
Other

0
4,310

6
2,166

Allowance for doubtful accounts
Total current assets

(155)

(162)

82,20988,896

2,230
226

2,237
251

Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets

8,411

7,865

Total non-current assets

10,86810,354

93,07899,251

Notes and accounts payable - trade
Electronically recorded obligations - operating

23,472
17,20422,881
18,674

Short-term borrowings
Current portion of long-term borrowings

5,405
2,400

10,545–

Income taxes payable
Provisions

1,244
–

991
49

Other

3,070

2,672

Total current liabilities

52,79755,814

177

52

114

119

Total assets
Liabilities
Current liabilities

Non-current liabilities
Long-term accounts payable - other
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability

955

976

Other

1,010

807

Total non-current liabilities

2,257

1,95655,054

57,770Shareholders' equity
Share capital

3,727

3,727

Capital surplus
Retained earnings

3,549
26,867

3,544
29,086

Treasury shares

(867)

(812)

33,27735,546

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

3,721
1,024

3,246
2,687

Total accumulated other comprehensive income

4,746

5,934

38,023

41,48093,07899,251

Total liabilities
Net assets

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

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

Six months ended

September 30, 2021

September 30, 2022

Net sales
Cost of sales

70,97862,22984,35673,623Gross profit

8,749

10,733

Selling, general and administrative expenses

6,640

7,433

Operating profit

2,108

3,299

Interest income
Dividend income

851

781

Purchase discounts
Rental income from buildings

2067

1869

Foreign exchange gains
Other–5384
95

Total non-operating income

2013572247

206423–Non-operating income

Non-operating expenses
Interest expenses
Loss on sale of trade receivables
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Gain on sale of shares of subsidiaries and associates
Total extraordinary income
Profit before income taxes
Income taxes

810115

81

2,195

3,575–

12–

21–

34

2,195

3,610

643

1,081

Profit

1,551

2,528

Profit attributable to owners of parent

1,551

2,5284Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Six months ended

Six months ended

September 30, 2021

September 30, 2022

1,551

2,528

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

129
620

(474)
1,662

Total other comprehensive income

749

1,187

2,300

3,715

2,300

3,715

–

–

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

5Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

September 30, 2021

September 30, 2022

2,195

3,610

Depreciation
Increase (decrease) in allowance for doubtful accounts

152
(9)

182
(0)

Interest and dividend income
Interest expenses(60)
22(89)
47

Foreign exchange losses (gains)
Loss (gain) on sale of investment securities

(5)
–106
(12)

Decrease (increase) in trade receivables
Decrease (increase) in inventories(1,496)(2,910)(647)(3,515)

Increase (decrease) in trade payables
Other, net

5,604
408(995)
1,732

Subtotal

3,900

41960(22)89(54)

Income taxes paid

(475)

(1,351)

Net cash provided by (used in) operating activities

3,462

(897)

Purchase of property, plant and equipment
Purchase of investment securities

(31)
(22)

(52)
(228)

Proceeds from sale of investment securities
Other, net–
(36)

1530

Net cash provided by (used in) investing activities

(90)

(234)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings

Interest and dividends received
Interest paid

Cash flows from investing activities247

4,906

Repayments of long-term borrowings
Repayments of lease liabilities–(50)(2,400)(59)

Purchase of treasury shares
Dividends paid

(0)
(268)

(0)
(308)

Net cash provided by (used in) financing activities

(71)

2,137

Effect of exchange rate change on cash and cash equivalents

278

949

Net increase (decrease) in cash and cash equivalents

3,579

1,955

Cash and cash equivalents at beginning of period

12,62913,565

Cash and cash equivalents at end of period

16,20815,5216