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

Consolidated Financial Results
for the First Quarter of Fiscal Year Ending March 31, 2024
[Japanese GAAP]
July 31, 2023
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, Accounting Department
Phone: +81-6-4803-6171
Email: info@sanoyas.co.jp
Scheduled date of filing quarterly securities report: August 10, 2023
Scheduled date of commencing dividend payments: –Availability of supplementary briefing material on annual financial results: available (Only in Japanese)
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2024 (April 1,20223to June 30, 2023)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit (loss)
Operating profit
Ordinary profit
Net sales
attributable to(loss)(loss)
owners of parent
Three months ended
Million yen% Million yen% Million yen% Million yen%
June 30, 2023
3,545
12.9(620)–(520)–(545)–
June 30, 2022
3,140(18.0)(545)–(396)–(387)–(Note) Comprehensive income: First Quarter of fiscal year ended March 31, 2024: ¥(311) million [-%]First Quarter of fiscal year ended March 31, 2023: ¥(481) million [-%]
Basic earnings pershare

Three months ended
June 30, 2023
June 30, 2022

Diluted earnings per
share

Yen

Yen

(16.31)(11.70)––(2) Consolidated Financial Position
Total assets
Net assets
Million yen
Million yen
As of7,531
26,700June 30, 2023
8,010
25,702
March 31, 2023
(Reference) Equity: As of June 30, 2023: ¥7,456 million
As of March 31, 2023: ¥7,935 million

Equity ratio
%

27.9
30.9

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
YenYenYen

Fiscal year ended–0.00–March 31, 2023
Fiscal year ending–March 31, 2024
Fiscal year ending
March 31, 2024
0.00–(Forecast)(Note) Revision to recently disclosed projected cash dividends: NoTotalYenYen

5.00

5.00

5.00

5.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March31, 2024)(% indicates changes from the previous corresponding period.)
Operating profit

Net sales
Million yen

Ordinary profit(loss)%Million yen(loss)% Million yen%

Full year
23,00014.2500
422.9500
26.5(Note) Revision to recently disclosed projected consolidated financial results: NoProfit (loss)
attributable toowners of parent

Basic earnings
per share

Millionyen%

300(29.5)

Yen

9.00

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No(2) Adoption of special accounting methods for preparing quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2023: 33,473,786 shares
March 31, 2023: 33,473,786 shares2) Total number of treasury shares at the end of the period:
June 30, 2023: 47,215shares
March 31, 2023: 47,215 shares
3) Average number of shares during the period:Fiscal Year Ended June 30, 2023: 33,426,571 sharesFiscal Year Ended June 30, 2022: 33,115,256 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 available
and certain assumptions deemed reasonable. Actual results may differ significantly from these forecasts due to awide range of factors.

1. Quarterly Consolidated Financial Statements [Japanese GAAP](1) Quarterly Consolidated Balance Sheets [Japanese GAAP](Million yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and 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, net
Machinery and equipment, net
Land
Other, net
Total property, plant and equipment
Intangible assets
SoftwareGoodwill
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 June 30, 2023

1,389
5,119
300
1,003
243
1,565
1,179
1,018
(13)
11,807

3,384
2,164
466
1,280
229
2,598
1,313
1,081
(9)
12,510

3,275

3,249

1,601
2,831
582
8,292

1,743
2,831
454
8,279

353
679
17
1,050

370
656
17
1,044

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

4,194
193
278
207
(8)
4,865
14,18926,700(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
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 contracts
Lease obligations
OtherTotal current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Net defined benefit liability
Asset retirement obligations
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus abstract
Retained earnings abstract
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses 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 June 30, 2023

2,575983
2,250
1,797
91
1,030
370
693222
1,002
10,395

1,436
1,801
5,050
1,624
9
1,181
147
63
16
224
800
12,356

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

3,103
524
1,174
1,693
311
4
6,812
19,168

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

2,603
22
2,794
(9)
5,410

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

1,851
768
118
2,046
74
7,531
26,700(2) Quarterly Consolidated Statements of Income and Consolidated Statements of Comprehensive Income[Japanese GAAP]
Quarterly Consolidated Statements of Income [Japanese GAAP](Million yen)Three Months ended June 30,2022Three Months ended June 30,2023

3,140
2,454
686
1,231(545)

3,545
2,899
645
1,266(620)3179
11194211910132

321346(396)

26532(520)––

11(518)151126(545)(545)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on sales of noncurrent assets
Extraordinary income abstract
Loss before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent(396)
15(24)
(9)
(387)
(387)

Quarterly Consolidated Statements of Comprehensive Income [Japanese GAAP](Million yen)Three Months ended June 30,
2022

Three Months ended June 30,
2023

(387)

(545)

(141)

(93)
(481)

231
5
8(11)
233
(311)

(481)

(311)

––

Profit (loss)
Other comprehensive income loss (loss)
Valuation difference on available-for-sale securities
Deferred gain (loss) on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable toOwners of the parent
Non-controlling interests

212513

(Segment Information)
Ⅰ Three months Ended June 30, 2022 (April 1, 2022 to June 30, 2022)
Information concerning Net sales and Operating profit or loss by Reportable business segment(Million yen)

Adjustments( Note 1)

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 or Services
transferred at a point intime
Goods or Services
transferred over time
Revenue from contracts
with customers

1,290

525

716

2,532－

2,532

23

469

116

608－

608

1,313

994

832

3,140－

3,140

1,313

994

832

3,140－

3,140

Internal sales or transfers－－－－－－

Total

1,313

994

832

3,140－

3,140

(132)

(289)

243

(179)

(366)

(545)

External sales

Segment profit (loss)(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment loss of ¥(366) million include corporate cost of ¥(371) million not allocated to each reportablesegment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥4 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 loss recorded in the quarterly consolidated statements of income.

4

Ⅱ Three months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)
Information concerning Net sales and Operating profit or loss by Reportable business segment(Million yen)

Adjustments( Note 1)

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 or Services
transferred at a point intime
Goods or Services
transferred over time
Revenue from contracts
with customers

1,310

857

611

2,779

－

2,779

24

672

69

766

－

766

1,334

1,530

680

3,545

－

3,545

1,334

1,530

680

3,545

－

3,545

Internal sales or transfers－－－－－－

Total

1,334

1,530

680

3,545－

3,545(154)(191)

118(226)

(394)

(620)

External sales

Segment profit (loss)(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment loss of ¥(394) million include corporate cost of ¥(398) million not allocated to each reportablesegment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥ 4million.
Corporate cost consists of general and administrative expenses which do not belong to the reporting segment.
(Note 2) Segment loss is adjusted with operating loss recorded in the quarterly consolidated statements of income.

5