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, 2023
(Based on Japanese GAAP)
July 28, 2023
Company name:
SUN-WA TECHNOS CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

8137
URL https://www.sunwa.co.jp/
President and Representative Director
Akihiro matsuo

Inquiries:

Executive Officer and General Manager
Administration Headquarters

Takamichi Matoba

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

03-5202-4011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changesProfit 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, 2023
42,262
8.1
1,693
26.2
1,957
22.7
1,382
21.9
Three months ended June 30, 2022
39,108
16.8
1,341
37.7
1,596
57.8
1,134
59.8
Earnings per share

Diluted earnings per share

Yen
89.97
73.47

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
105,364
106,581

As of June 30, 2023
As of March 31, 2023

Equity ratio

Millions of yen
45,07544,484

%
42.8
41.7

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
20.00

Yen–

Yen
70.00

Yen
90.00

45.00

–

45.00

90.00

Year ended March 31, 2023
Year ending March 31, 2024
Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Millions of yen
Six months ending
September 30, 2023
Full yearPercentages 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

85,3001.12,600(21.2)

2,700(24.5)

1,870(26.0)

121.67

175,800(2.9)

5,510(27.8)

5,690(25.9)

3,950(28.1)

257.001

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(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:

NoNo

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 June 30, 2023

16,044,000 shares As of March 31, 2023

16,044,000 shares

Number of treasury shares at the end of the period
As of June 30, 2023

858,691 shares As of March 31, 2023

562,331 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

15,369,948 shares Three months ended June 30, 2022

215,443,561 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023As of June 30, 2023

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

14,14548,455

12,55543,933

Electronically recorded monetary claims - operating
Merchandise

10,467
17,488

11,58820,706Work in process
Other

3
3,871

9
3,576

Allowance for doubtful accounts

(167)

(159)

94,263

92,211

2,272
221

2,095
208

Investments and other assets

9,824

10,849Total non-current assets

12,31813,153

106,581

105,364

Notes and accounts payable - trade
Electronically recorded obligations - operating

25,98819,34722,194
19,479

Short-term borrowings
Income taxes payable

9,557
1,378

12,656
664

Provisions
Other–
3,598

13
2,804

Total current liabilities

59,87057,812

52

51

124

127

775
1,274

780
1,516

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Total assets
Liabilities
Current liabilities

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

2,227

2,476

62,09760,289

Share capital
Capital surplus

3,727
3,544

3,727
3,544

Retained earnings
Treasury shares

31,742(812)

32,042(1,467)

Total shareholders' equity

38,202

37,846

4,319

5,030

Foreign currency translation adjustment

1,962

2,199

Total accumulated other comprehensive income

6,282

7,229

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Total net assets
Total liabilities and net assets

344,484

45,075

106,581

105,364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, 2022

June 30, 2023

Net sales
Cost of sales

39,10834,24042,26236,817Gross profit

4,868

5,444

Selling, general and administrative expenses

3,526

3,751

Operating profit

1,341

1,693

Interest income
Dividend income

261

166

Purchase discounts
Rental income from buildings

934

1137

Foreign exchange gains
Other124
63

141
68

Total non-operating income

297

326

Non-operating income

Non-operating expenses
Interest expenses

1945

Loss on sale of trade receivables
Other1210

89

Total non-operating expenses

4262

1,596

1,957

Gain on sale of non-current assets–

8

Total extraordinary income

–

8

1,596

1,966

461

583

Profit

1,134

1,382

Profit attributable to owners of parent

1,134

1,382

Ordinary profit
Extraordinary income

Profit before income taxes
Income taxes

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

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
1,134

1,382

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

(362)
770

710
236

Total other comprehensive income

408

947

1,542

2,329

1,542

2,329

––

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

5