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 Third Quarter of Fiscal Year Ending March 31, 2024
[Japanese GAAP]
January 31, 2024
Company name: Sanoyas Holdings Corporation
Stock exchange listing: Tokyo Stock Exchange
Code number: 7022
URL: http://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: February 9, 2024
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: –(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2024 (April 1, 2023
to December 31, 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
Nine months ended
Million yen% Million yen% Million yen% Million yen%
December 31, 2023
15,27714.8(416)–(289)–(410)–
December 31, 2022
13,3050.9(536)–(240)–(259)–(Note) Comprehensive income: Third Quarter of fiscal year ended March 31, 2024: ¥122 million [–%]
Third Quarter of fiscal year ended March 31, 2023: ¥(191) million [–%]
Basic earnings per
share

Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings per
share

Yen

Yen

(12.23)(7.79)––(2) Consolidated Financial Position
Total assets
Net assets
Million yen
Million yen
As of7,999
December 31, 2023
28,3608,010
March 31, 2023
25,702(Reference) Equity: As of December 31, 2023: ¥7,935 million
As of March 31, 2023: ¥7,935 million

Equity ratio
%

28.0
30.9

2. Dividends
Annual dividends
1st2nd3rdYear-endquarter-end quarter-end quarter-end
Yen

Yen

Yen

Fiscal year ended–
0.00–
March 31, 2023
Fiscal year ending–
0.00–
March 31, 2024
Fiscal year ending
March 31, 2024(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

Full year

Ordinary profit (loss)(loss)

Million yen%

Million yen%

Million yen

23,00014.2500

422.9500

Profit (loss)
attributable toowners of parent% Million yen

26.5

300

Basic earnings
per share%Yen(29.5)

9.00(Note) Revision to recently disclosed projected consolidated financial results: No* 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):December 31, 2023: 33,786,282 shares
March 31, 2023: 33,473,786 shares2) Total number of treasury shares at the end of the period:
December 31, 2023: 47,236 shares
March 31, 2023: 47,215 shares
3) Average number of shares during the period:
Nine months ended December 31, 2023: 33,603,976 shares
Nine months ended December 31, 2022: 33,294,125 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.

2. 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
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 December 31, 2023

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

3,379
3,820
688
1,112
294
2,533
1,376
615
(11)
13,809

3,275
1,601
2,831
582
8,292

3,186
1,756
2,831
418
8,193

353
679
17
1,050

448
611
17
1,077

3,853
222
278
206(8)
4,552
13,89525,7024,626
171
280
209
(8)
5,280
14,551
28,360(Million yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded monetary claims 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
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 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
Subscription rights to shares
Total net assets
Total liabilities and net assets

2

As of December 31, 2023

2,575
983
2,250
1,797
91
1,030
370
69
3
222
1,002
10,395

1,850
2,446
5,450
1,587
27
1,061
151
100
38
229
924
13,867

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

2,719
412
1,303
1,742
311
4
6,493
20,361

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

2,626
44
2,928
(9)
5,589

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

2,150
8
91
95
2,345
64
7,999
28,360(2) Quarterly Consolidated Statements of Income and Consolidated Statements of Comprehensive Income[Japanese GAAP]
Quarterly Consolidated Statements of Income [Japanese GAAP](Million yen)
Nine Months ended December Nine Months ended December
31, 2022
31, 2023
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
Gain on sales of investment securities
Total extraordinary income
Loss before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Loss
Loss attributable to owners of parent

13,305
10,2283,076
3,613(536)15,277
12,091
3,185
3,602(416)

1358
57
417

3190
23217

85
35120(240)73
1589(289)

6－6(233)
53(27)
26(259)(259)

102(286)8439124(410)(410)

Quarterly Consolidated Statements of Comprehensive Income [Japanese GAAP](Million yen)
Nine Months ended December Nine Months ended December
31, 2022
31, 2023
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gain on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income (loss) attributable toOwners of the parent
Non-controlling interests

3(259)

(410)

15
840
367(191)530
630(35)532
122(191)－122－

(Segment Information)
Ⅰ Nine months Ended December 31, 2022 (April 1, 2022 to December 31, 2022)
Information concerning Net sales and Operating profit or loss by Reportable business segment(Million yen)

Adjustments( Note 1)

Amountrecorded inquarterlyconsolidated
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 contracts
with customers

5,906

2,508

1,972

10,387－

10,387

195

1,873

847

2,917

－

2,917

6,102

4,382

2,820

13,305－

13,305

6,102

4,382

2,820

13,305－

13,305Internal sales or transfers

－1－

1(1)

－

Total

6,102

4,384

2,820

13,306(1)

13,305

293

(398)

640

536

(1,072)(536)

External sales

Segment profit (loss)(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment loss of ¥(1,072) million include corporate cost of ¥(1,086) million not allocated to eachreportable segment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥12million.
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.

Ⅱ Nine months Ended December 31, 2023 (April 1, 2023 to December 31, 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

TotalNet sales
Goods transferred at apoint in time
Goods transferred overtime
Revenue from contracts
with customers

6,202

3,792

1,813

11,808－11,808

3892,518

561

3,468－

3,468

6,591

6,311

2,374

15,277－

15,277

6,591

6,311

2,374

15,277－

15,277

Internal sales or transfers－－－－－－

Total

6,591

6,311

2,374

15,277－

15,277

432

(150)

383

665

(1,081)(416)

External sales

Segment profit (loss)

4

(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment loss of ¥(1,081) million include corporate cost of ¥(1,095) million not allocated to eachreportable segment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥13
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.

5