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 Year Ended March 31, 2024
(Based on Japanese GAAP)May 10, 2024
Company name:

SUN-WA TECHNOS CORPORATION

Stock exchange listing: Tokyo
Stock code:
8137
Representative:
Inquiries:

URL

https://www.sunwa.co.jp/

President and Representative Director
Executive Officer and General Manager

Administration Headquarters
Scheduled date of ordinary general meeting of shareholders:

Akihiro matsuo
Takamichi Matoba

TEL03-5202-4011

June 25, 2024

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

June 25, 2024
June 10, 2024

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

YesYes(for analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(8.2)
6,215(18.5)
6,631(13.6)
5,007
(8.9)
17.2
7,630
58.8
7,675
47.7
5,493
53.6

Net salesYear ended March 31, 2024
Year ended March 31, 2023

Millions of yen
166,138
181,013

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
–
10.8
6.5
3.7
–
13.3
7.7
4.2

Diluted earnings pershare

Earnings per shareYen
329.87355.08Year ended March 31, 2024
Year ended March 31, 2023
(2) Consolidated financial position

Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
98,707
106,581Millions of yen
47,96644,484

Cash flows fromoperating activities
Millions of yen
4,226(545)Cash flows frominvesting activities
Millions of yen
883
(731)

Net assets per share
%
48.6
41.7

Yen
3,174.19
2,873.36(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows fromCash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(608)
18,597906
13,661

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

YenYenYen

YenMillions of yen%%

––

20.00
45.00

––

70.00
50.0090.00
95.00

1,393
1,435

25.3
28.8

3.4
3.1

–

50.00

–

60.00

110.00169.0

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Percentages 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

67,600(23.9)

780(77.3)

840(77.3)

760(75.3)

50.29

155,070(6.7)

3,080(50.4)

3,220(51.4)

2,410(51.9)

159.48

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

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 March 31, 2024

932,459 shares As of March 31, 2023

562,331 shares

15,179,000 shares Year ended March 31, 2023

15,472,177 shares

Average number of shares during the period
Year ended March 31, 20242

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of March 31, 2024

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

14,14548,45519,081
38,487

Electronically recorded monetary claims - operating
Merchandise

10,467
17,4888,930
17,417Work in process
Other

3
3,871

4
2,570

Allowance for doubtful accounts

(167)

(141)

94,26386,350

1,379

1,354

Accumulated depreciation

(977)

(815)

Buildings and structures, net

402

539

Land

1,356

1,261

Leased assets
Accumulated depreciation

768
(447)

620
(346)

320

274

715(522)745(564)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Leased assets, net
OtherAccumulated depreciation
Other, net

193

181

2,272

2,256

Other

221

166

Total intangible assets

221

166

Investment securities
Deferred tax assets

8,324
38

8,463
37

Other
Allowance for doubtful accounts

1,571(110)1,547(115)

Total investments and other assets

9,824

9,933

12,31812,356

106,581

98,707

Total property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade25,98816,939

Electronically recorded obligations - operating
Short-term borrowings

19,347
9,557

15,6509,007

Lease liabilities
Income taxes payable

122
1,378

114
898

Accrued expenses
Other

2,234
1,240

1,529
984

Total current liabilities

59,87045,124Non-current liabilities
Long-term borrowings–3,000

Lease liabilities
Deferred tax liabilities

228
1,046

188
1,276

Asset retirement obligations
Long-term accounts payable - other–
52

190
51

Provision for retirement benefits for directors (and otherofficers)

124

137

Retirement benefit liability

775

770

Total non-current liabilities

2,227

5,615

62,09750,740Share capital
Capital surplus

3,727
3,544

3,727
3,587

Retained earnings
Treasury shares

31,742(812)

34,986(1,680)Total shareholders' equity

38,202

40,620

4,319

4,544

Foreign currency translation adjustment

1,962

2,801

Total accumulated other comprehensive income

6,282

7,346

44,48447,966106,581

98,707

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

4Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Net sales

181,013

166,138

Cost of sales

157,974

144,360

Gross profit

23,03921,778Selling, general and administrative expenses

15,40815,562

Operating profit

7,630

6,215

Non-operating income
Interest income

2216

Dividend income
Purchase discounts

145
86

154
79

Rental income from buildings
Foreign exchange gains

140–

146
11

Other

209

243

Total non-operating income

604

651

Interest expenses
Loss on sale of trade receivables

137
43

183
28

Foreign exchange losses
Other

351
27–
23

Total non-operating expenses

560

235

7,675

6,631

Gain on sale of non-current assets
Gain on sale of investment securities–
128701Gain on sale of shares of subsidiaries and associates

21–

Non-operating expenses

Ordinary profitExtraordinary income

34710

Profit before income taxes

Total extraordinary income

7,709

7,341

Income taxes - current

2,290

2,201

Income taxes - deferred(74)133

Total income taxes

2,215

2,334

Profit

5,493

5,007

Profit attributable to owners of parent

5,493

5,007

5

Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
5,493

5,007

598
937

225
838

1,535

1,064

7,029

6,071

7,029

6,071

–

–

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

6Consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

3,727

Retained earnings

3,549

26,867

Total shareholders'equity

Treasury shares(867)

33,277

Changes during period
Dividends of surplus

(618)

(618)

Profit attributable to owners ofparent

5,493

5,493

Purchase of treasury shares
Restricted stock payment

(5)

(0)

(0)

55

50

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–(5)

4,875

55

4,925

3,727

3,544

31,742(812)

38,202

Accumulated other comprehensive income

Balance at beginning of period

Valuation difference
on available-for-salesecurities

Foreign currencytranslation adjustment

Total accumulated
other comprehensive
income

3,721

1,024

4,746

Total net assets

38,023

Changes during period
Dividends of surplus(618)

Profit attributable to owners ofparent

5,493

Purchase of treasury shares(0)

Restricted stock payment

50

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

598

937

1,535

1,535

598

937

1,535

6,460

4,319

1,962

6,282

44,484

7

Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

3,727

Retained earnings

3,544

31,742

Treasury shares(812)

Total shareholders'equity
38,202

Changes during period
Dividends of surplus(1,763)(1,763)

Profit attributable to owners ofparent

5,007

5,007

Purchase of treasury shares
Restricted stock payment

43(1,000)(1,000)132

175

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

–

43

3,243

(867)

2,418

3,727

3,587

34,986(1,680)40,620

Accumulated other comprehensive income

Balance at beginning of period

Valuation difference
on available-for-salesecurities

Foreign currencytranslation adjustment

Total accumulatedother comprehensive
income

4,319

1,962

6,282

Total net assets

44,484

Changes during period
Dividends of surplus(1,763)

Profit attributable to owners ofparent

5,007

Purchase of treasury shares(1,000)Restricted stock payment

175

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

225

838

1,064

1,064

225

838

1,064

3,482

4,544

2,801

7,346

47,966

8

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year endedFiscal year ended

March 31, 2023

March 31, 2024
7,709

7,341

Depreciation
Increase (decrease) in retirement benefit liability

398
(179)

422
(5)

Increase (decrease) in allowance for doubtful accounts
Interest and dividend income5(167)(20)(171)

Interest expenses
Foreign exchange losses (gains)

137
94

183
52

Loss (gain) on sale of investment securities
Loss (gain) on sale of property, plant and equipment(12)–(701)(8)

Decrease (increase) in trade receivables
Decrease (increase) in inventories(5,905)(5,017)

12,412545

Decrease (increase) in other assets
Increase (decrease) in trade payables

508
3,638

1,530
(13,614)

101
349

(87)
(963)

Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net

(46)

26

Subtotal

1,615

6,941

Interest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment

167

133

(146)
(2,182)(185)(2,663)

(545)

4,226

(74)

(117)

Proceeds from sale of property, plant and equipment
Purchase of investment securities–(250)

150(14)

Proceeds from sale of investment securities
Other, net

15(422)933(68)

Net cash provided by (used in) investing activities

(731)

883

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

4,066

(696)

–
(2,400)3,000–

Repayments of lease liabilities
Purchase of treasury shares

(140)
(0)

(148)
(1,000)

Dividends paid(618)(1,763)

Net cash provided by (used in) financing activities

906

(608)

Effect of exchange rate change on cash and cash equivalents

466

434

Net increase (decrease) in cash and cash equivalents

95

4,936

Cash and cash equivalents at beginning of period

13,565

13,661

Cash and cash equivalents at end of period

13,661

18,597

Proceeds from long-term borrowings
Repayments of long-term borrowings

9