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

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]May 13, 2024
Company name: Sanoyas Holdings Corporation
Stock exchange listing: Tokyo Stock Exchange
Code number: 7022
URL: https://www.sanoyas.co.jp/
Representative: Isao Kitatsuji, President
Contact: Naoya Fukui, General Manager, Finance Department
Phone: +81-6-4803-6171
Email: info@sanoyas.co.jp
Scheduled date of Annual General Meeting of Shareholders: June 25, 2024
Scheduled date of filing annual securities report: June 25, 2024
Scheduled date of commencing dividend payments: June 26, 2024
Availability of supplementary briefing material on annual financial results: Available (Only in Japanese)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2024
23,35215.9509 433.1
636
60.9
459
7.9
March 31, 2023
20,145
5.2
95 (57.1)
395
92.7
425
(2.1)
(Note) Comprehensive income: Fiscal year ended March 31, 2024: ¥1,083 million [298.2%]
Fiscal year ended March 31, 2023: ¥272 million [(69.3)%]
Diluted earnings
per share

Return on equity

Rate of ordinaryprofit to totalassets

Rate of operating
profit to net sales

YenYen%%%

13.65
12.77

13.51
12.60

5.5
5.4

2.4
1.5

2.2
0.5

Basic earnings
per share

Fiscal year ended
March 31, 2024
March 31, 2023

(2) Consolidated Financial Position
Total assets

Net assets

Million yen

27,249As of March 31, 2024
25,702As of March 31, 2023
(Reference) Equity: As of March 31, 2024: ¥8,901 million
As of March 31, 2023: ¥7,935 million

Equity ratio

Net assets per share

Million yen%

Yen

8,961
8,010

32.7
30.9

263.62237.40(3) Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Cash and cash
equivalents at the endof period

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

Million yen

1,610
(534)

(804)
(933)

(583)
(597)

1,566
1,329

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year ended
March 31, 2023
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)

Totaldividends

TotalYenYenYenYen

Yen Million yen

––

0.00
0.00

––

5.00
5.00

5.00
5.00

–

0.00

–

5.00

5.00

Payoutratio(consolidated)

167
168

Dividends
to netassets(consolidated)

%

%

39.2

2.1

36.6

2.0

84.1

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March31, 2025)(% indicates changes from the previous corresponding period.)
Net sales

Full year

Million yen%

23,5000.6

Operating profit

Ordinary profit

Million yen

Million yen%

100 (80.4)

Profitattributable toowners of parent

Basic earnings
per share%

Million yen%

Yen

200 (68.6)

200(56.4)

5.95* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2024: 33,814,782 shares
March 31, 2023: 33,473,786 shares2) Total number of treasury shares at the end of the period:
March 31, 2024: 47,248 shares
March 31, 2023: 47,215 shares
3) Average number of shares during the period:
Fiscal Year Ended March 31, 2024: 33,639,530 sharesFiscal Year Ended March 31, 2023: 33,324,689 shares* These consolidated financial results are outside the scope of audit* Explanation of the proper use of financial results forecast and other notes

The earnings forecasts and other forward-looking statements herein are based on information currently availableand certain assumptions deemed reasonable. Actual results may differ significantly from these forecasts due to awide range of factors.

4. Consolidated Financial Statements [Japanese GAAP](1) Consolidated Balance Sheets [Japanese GAAP](Million yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
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, vehicles, tools, furniture and fixtures
Accumulated depreciation
Machinery, vehicles, tools, furniture andfixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of March 31, 2024

1,389
443
4,676
300
1,003
243
1,565
1,179
1,018
(13)
11,807

1,626
275
4,766
744
1,272
266
1,491
1,290
726
(14)
12,446

6,633(3,357)3,275
14,419(12,577)

6,654(3,510)3,144
15,008(12,991)

1,842

2,017

2,831
342
8,292

2,831
166
8,159

353
679
17
1,050

509
589
17
1,116

3,853
222
278
206
(8)
4,552
13,89525,702

4,777
200
301
250
(2)
5,526
14,80327,249(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded monetary obligations
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for construction warranties
Provision for loss on construction contract
Lease obligations
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Asset retirement obligations
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-sale securities
Deferred gain on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition right
Total net assets
Total liabilities and net assets

2

As of March 31, 2024

2,575
983
2,250
1,797
91
1,030
370
693
222－
1,002
10,395

1,840
2,468
3,650
1,432
212
595
383
127
50
229
29
1,005
12,025

3,660
575
1,084
1,661
311
2
7,296
17,691

2,432
356
1,389
1,784
294
4
6,261
18,287

2,603
22
3,506
(9)
6,122

2,628
46
3,798
(9)
6,464

1,619
160
130
1,812
75
8,010
25,702

2,269
1279
75
2,437
59
8,961
27,249(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income [JapaneseGAAP]
Consolidated Statements of Income [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Impairment loss
Total extraordinary loss
Profit before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
ProfitProfit attributable to owners of parent

3

For the fiscal year
ended March 31, 2024

20,145
15,244
4,900
4,805
95

23,352
18,031
5,321
4,812
509

2
364
82
448

3
197
39
240

113
35
149
395

96
17
114
636

458
7465

155
1
157

394
394
466
143(102)
41425
425

18
18
775
273
42315
459
459

Consolidated Statements of Comprehensive Income [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2023
ProfitFor the fiscal year
ended March 31, 2024

425

459

Valuation difference on available-for-sale securities

(305)

650

Deferred gain (loss) on hedges

(10)

10

Foreign currency translation adjustment

2118

Remeasurements of defined benefit plans, net of tax

141

(55)

Total other comprehensive loss (income)

(153)

624

Comprehensive income

272

1,083

Comprehensive income (loss) attributable toOwners of the parent

272

1,083

－－

Other comprehensive income (loss)

Non-controlling interests4(3) Consolidated Statements of Cash Flows [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2023
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment loss
Amortization of goodwill
Increase (decrease) in net defined benefit liability
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for construction
warranties
Increase (decrease) in provision for loss on construction
contracts
Interest and dividend income
Interest expenses
Loss (gain) on sale of non-current assets
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable –trade
Decrease (increase) in inventoriesDecrease (increase) in advance payment
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in contract liabilities
Decrease (increase) in consumption taxes refund
receivable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities

5For the fiscal year
ended March 31, 2024

466
682
394
120(164)
1(7)

775
735
18
89
122(5)
12(19)

57

3

46(366)113(6)
(458)

(200)
96(1)
(155)

(769)

(613)

(1,010)166
386554(56)
(37)
800
(445)

59

181

(121)
23
366
(114)
(810)
(534)

(205)
1,214
200
(97)
293
1,610

(Million yen)
For the fiscal year
ended March 31, 2023
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of non-current assets
Purchase of investment securities
Proceeds from sales of investment securities
Payments for sales of investments in subsidiaries
resulting in change in scope of consolidation
Other, net
Net cash provided by (used in) investing activities
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
Cash dividends paid
Repayments of lease obligations
Other, net
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

6For the fiscal yearended March 31, 2024

(267)
267
(1,032)98(95)
(18)
573

(60)
60(637)4(262)(18)
179(295)－(162)
(933)

(69)
(804)

1,300
1,200(2,627)
(165)
(304)
0(597)
18(2,046)
3,376
1,329

1,400
940
(2,532)(167)(223)
0(583)
14237
1,329
1,566

(Segment Information)
Information concerning Net sales and Operating profit by Reportable business segment
Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)

Adjustments( Note 1)

Amountrecorded inquarterly
consolidated
statements ofincome( Note 2)

Reportable segment
Machinery /Equipment &Services forManufacturing
Industry

Machinery /Equipment &Services for Leisure business
Construction
Industry

Total

Net sales
Goods transferred at apoint in time
Goods transferred overtime
Revenue from contacts
with customers

8,436

4,716

2,762

15,915－

15,915

267

2,803

1,159

4,230

－

4,230

8,704

7,520

3,921

20,145－

20,145

8,704

7,520

3,921

20,145－

20,145Internal sales or transfers

－1－

1

(1)

－

Total

8,704

7,521

3,921

20,146(1)

20,145

Segment profit

574

92849

1,516

(1,421)

95

Segment assets

11,415

9,250

1,909

22,576

3,126

25,702

423

149

61

633

48

682

－

120－

120－

120

777

385

36

1,198

51

1,250

External sales

Other items
Depreciation andamortization
Amortization ofgoodwill
Increase in property,
plant and equipment
and intangible assets(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment gain of ¥(1,421) million include corporate cost of ¥(1,439) million not allocated to eachreportable segment, allowance for doubtful accounts of ¥1 million and elimination of inter-segment transaction of ¥16 million.
Adjustments for segment assets of ¥3,126 million include corporate assets of ¥5,100 million and consolidated adjustment of¥(1,974) million
Adjustments for depreciation and amortization of ¥48 million include depreciation and amortization of corporate assets of¥48 million.
Adjustment for the increase in property, plant and equipment and intangible assets of ¥51 million include investments incorporate assets of ¥8 million and software of ¥43 million.
Corporate cost consists of general and administrative expenses which do not belong to the reporting segment.
(Note 2) Segment loss is adjusted with operating profit recorded in the consolidated statements of income.

7(Million yen)

Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)

Adjustments( Note 1)(Million yen)Amountrecorded inquarterly
consolidated
statements ofincome( Note 2)

Reportable segment
Machinery /Equipment &Services for
Manufacturing
Industry

Machinery /Equipment &Services for Leisure business
Construction
Industry

Total

Net sales
Goods transferred at apoint in time
Goods transferred overtime
Revenue from contacts
with customers

9,551

6,372

2,569

18,493－

18,493

519

3,458

881

4,859

－

4,859

10,071

9,830

3,450

23,352－

23,352

10,071

9,830

3,450

23,352－

23,352

－

－－

－

－

－

Total

10,071

9,830

3,450

23,352－

23,352

Segment profit

982

488

467

1,938

(1,428)509

Segment assets

11,213

9,528

2,040

22,782

4,466

27,249

417

198

60

676

58

735

－

89－

89－

89

112

340

125

579

196

776

External sales
Internal sales or transfers

Other items
Depreciation andamortization
Amortization ofgoodwill
Increase in property,plant and equipment
and intangible assets(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment gain of ¥(1,428) million include corporate cost of ¥(1,446) million not allocated to eachreportable segment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥17 million.
Adjustments for segment assets of ¥4,466 million include corporate assets of ¥5,482 million and consolidated adjustment of¥(1,016) million
Adjustments for depreciation and amortization of ¥58 million include depreciation and amortization of corporate assets of¥58 million.
Adjustment for the increase in property, plant and equipment and intangible assets of ¥196 million include investments incorporate assets of ¥11 million and software of ¥185 million.
Corporate cost consists of general and administrative expenses which do not belong to the reporting segment.
(Note 2) Segment loss is adjusted with operating profit recorded in the consolidated statements of income.

8