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, 2022
[Japanese GAAP]May 13, 2022
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, Finance Department
Phone: +81-6-4803-6171
Email: info@sanoyas.co.jp
Scheduled date of Annual General Meeting of Shareholders: June 21, 2022
Scheduled date of filing annual securities report: June 21, 2022
Scheduled date of commencing dividend payments: June 22, 2022
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, 2022 (April 1, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit (loss)
Operating profit
Net sales
Ordinary profit (loss)
attributable to(loss)
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
March 31, 2022
19,148 (57.1)
222
–
205
–
434
–
March 31, 2021
44,628 (10.4)(5,267)–(5,154)–(3,685)–(Note) Comprehensive income: Fiscal year ended March 31, 2022: ¥887 million [–%]
Fiscal year ended March 31, 2021: ¥(4,437) million [–%]
Basic earnings
per share

Diluted earnings
per share

Return on equity

Rate of ordinary
profit (loss) tototal assets

Rate of operating
profit (loss) to
net sales%%%
Fiscal year ended
Yen
Yen
March 31, 2022
13.17
12.97
5.9
0.8
1.2
March 31, 2021
(112.47)–(39.7)(11.4)(11.8)(Reference) Profit (loss) on equity method investments: Fiscal year ended March 31, 2022: ¥ – million
Fiscal year ended March 31, 2021: ¥52 million(Note) Diluted earnings per share for the Fiscal Year Ended March 31, 2021 are not shown in above table as a net loss
per share was posted.

(2) Consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2022
25,428
As of March 31, 2021
26,401(Reference) Equity: As of March 31, 2022: ¥7,784 million
As of March 31, 2021: ¥7,009 million

Equity ratio

Net assets per share

Million yen

%

Yen

7,871
7,098

30.6
26.5

235.25213.41

(3) Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash and cash
equivalents at the endof period

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

Million yen

284(2,680)(1,189)(4,123)(1,205)(2,821)

3,376
5,452

2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Fiscal year ended
March 31, 2021
March 31, 2022
Fiscal year ending
March 31, 2023
(Forecast)Total
dividends

Total

Yen

Yen

Yen

Yen

Yen Million yen

–
–

0.00
0.00

–
–

5.00
5.00

5.00
5.00

–

–

–

5.00

5.00

Payoutratio(consolidated)

164
165

Dividends
to netassets(consolidated)

%

%

–
38.0

1.8
2.2

55.0

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March
31, 2023)(% indicates changes from the previous corresponding period.)
Net sales

Full year

Operating profit

Ordinary profit

Million yen

Million yen(loss)

Million yen%

21,000

9.7%

Profit (loss)
attributable toowners of parent(loss)

500 124.2

Basic earnings
per share%

Million yen%

Yen

500 143.8

300(31.0)

9.09* 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: Yes
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, 2022: 33,137,420 shares
March 31, 2021: 32,890,166 shares2) Total number of treasury shares at the end of the period:
March 31, 2022: 47,214 shares
March 31, 2021: 45,742 shares
3) Average number of shares during the period:
Fiscal Year Ended March 31, 2022: 33,006,648 sharesFiscal Year Ended March 31, 2021: 32,766,328 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. Consolidated Financial Statements [Japanese GAAP](1) Consolidated Balance Sheets [Japanese GAAP](Million yen)
As of March 31, 2021
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
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, 2022

5,612
4,155
－
559
162
1,108
685
1,364
(9)
13,638

3,436
4,521
534
573
189
938
827
497
(10)
11,508

5,739(3,214)
2,524
14,546(12,815)

5,961(3,160)2,800
14,562(12,661)

1,730

1,901

2,873
244
7,372

2,873
219
7,793

114
806
17
938

353
711
17
1,081

3,728
86
306
339
(9)
4,451
12,762
26,401

4,384
166
293
208
(8)
5,044
13,91925,428(Million yen)
As of March 31, 2021
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Advances received
Contract liabilities
Provision for bonuses
Provision for construction warranties
Provision for removal cost of property andequipment
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 (loss) 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, 2022

3,368
1,800
2,890
69
661
–
333
76

3,003
950
2,007
289
–
481
364
88

23

–

251
–
683
10,157

302
273
813
8,573

4,009
1,093
1,618
1,709
704
8
9,145
19,302

4,878
784
1,232
1,773
309
5
8,983
17,557

2,563
263
2,679
(9)
5,496

2,581
–
3,246
(9)
5,818

1,566
–
(5)
(48)
1,512
89
7,098
26,401

1,925
12
39
(11)
1,965
86
7,871
25,428

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income [Japanese
GAAP]
Consolidated Statements of Income [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodSubsidies for employment adjustment
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sales of investment securities
Gain on sale of non-current assets
Total extraordinary income
Extraordinary loss
Losses on sales of shares of subsidiaries and associates
and others
Impairment loss
Loss on abolishment of transition benefit plan
Loss on valuation of investment securities
Loss on liquidation of subsidiaries and affiliates
Loss on sales of investment securities
Total extraordinary loss
Profit (loss) before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent

For the fiscal year
ended March 31, 2022

44,62844,388240
5,508(5,267)

19,14814,488
4,659
4,436
222

11
116

3
132

52

–

108
56
180
525

–
–
52
188

332
80
412
(5,154)

133
72
206
205

8,149
–
8,149

40
4
45

4,853

–

1,411
57

9
–
11
–
1
22
7
446
(653)
(207)
434
434

–
2

–
6,324
(3,329)
425
(69)
355
(3,685)(3,685)3

Consolidated Statements of Comprehensive Income [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2021
Profit (loss)

For the fiscal year
ended March 31, 2022

(3,685)434(1,142)

359

Deferred gain (loss) on hedges

(13)

12

Foreign currency translation adjustment

276

44

Remeasurements of defined benefit plans, net of tax

120

36

6

－

Other comprehensive income (loss)
Valuation difference on available-for-sale securities

Comprehensive loss (income) of affiliates
accounted for by the equity method
attributable to the Company
Total other comprehensive loss (income)

(752)

453

Comprehensive income(4,437)887

Comprehensive income (loss) attributable to
Owners of the parent(4,437)887－－

Non-controlling interests4(3) Consolidated Statements of Cash Flows [Japanese GAAP](Million yen)
For the fiscal year
ended March 31, 2021
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
Increase (decrease) in provision for removal cost of
property and equipment
Interest and dividend income
Interest expenses
Foreign exchange loss (gain)
Subsidies for employment adjustment etc
Loss (gain) on sale of non-current assets
Loss (gain) on sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales of shares of subsidiaries andassociates and others
Decrease (increase) in notes and accounts receivable –trade
Decrease (increase) in inventories
Decrease (increase) in advance payment
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in advances received
Increase (decrease) in contract liabilities
Decrease (increase) in consumption taxes refund
receivable
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Subsidies for employment adjustment etc
Income taxes paid
Net cash provided by (used in) operating activities

5

For the fiscal year
ended March 31, 2022

(3,329)
1,536
1,411
94
46
(54)
(72)

227
667
9
94
63
(0)
30

(154)

12

2,920

－

(1)

－

(127)
332
(7)
(108)
(46)
(8,149)
－

(135)
133
－
－
0
(38)
11

4,853

－

(517)

(899)

(100)
(223)
972
(629)
－

7
(166)
(396)
－
(181)

449

(111)

(622)
(1,528)
120
(314)
108
(1,066)(2,680)

143
(527)
136
(133)
－
808
284

(Million yen)
For the fiscal year
ended March 31, 2021
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Proceeds from redemption of securities
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
Proceeds from cancellation of insurance funds
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
Proceeds from sales and leaseback transactions
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

6

For the fiscal year
ended March 31, 2022

(142)
552
500
(933)
132
(173)
(17)
8,380
236

(160)
260
－
(955)
13
(224)
(166)
78
－

(12,689)－

29(4,123)(35)(1,189)357
2,286(4,895)
－
(163)
(407)
0
(2,821)
24(9,600)15,053
5,452

(850)
3,100
(3,114)
80
(164)
(257)
0
(1,205)34(2,076)
5,452
3,376

(Segment Information)
Information concerning Net sales and Operating profit or loss by Reportable business segment
Fiscal Year Ended March 31, 2021 (April 1, 2020 to March 31, 2021)(Million yen)
Reportable segment

Machinery / Machinery /Shipbuilding & Equipment & Equipment &Engineering Services forServices for
Business
Manufacturing Construction
Industry
Industry

Total

Adjustments( Note 1)

Amountrecorded inquarterly
consolidated
statements ofincome( Note 2)

Leisurebusiness

Net sales
External sales

25,915

9,465

7,172

2,075

44,628－44,628Internal sales ortransfers

143

－

2

－

145

(145)

－

Total

26,058

9,465

7,175

2,075

44,774(145)

44,628Segment profit (loss)(4,669)

676

315

(418)

(4,095)(1,171)(5,267)－

11,752

8,312

2,634

22,6993,702

26,401

620

364

151

203

1,340

195

1,536

－

－

94

－

94

－

94

1,083

447

86

162

1,779

884

2,623

Segment assets
Other items
Depreciation andamortization
Amortization of
goodwill
Increase inproperty, plantand equipment
and intangible
assets(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment profit(loss) of ¥(1,171) million include corporate cost of ¥(1,200) million not allocated to eachreportable segment, allowance for doubtful accounts of ¥4 million and elimination of inter-segment transaction of ¥24 million.
Adjustments for segment assets of ¥3,702 million include corporate assets of ¥7,113million and consolidation adjustments of¥(3,411) million.
Adjustments for depreciation and amortization of ¥195 million include depreciation and amortization of corporate assets of¥199 million and the elimination of transaction between the segments of ¥(4) million.
Adjustment for the increase in property, plant and equipment and intangible assets of ¥844 million include investments incorporate assets of ¥23 million and software of ¥821 million.
Corporate cost consists of general and administrative expenses which do not belong to the reporting segment.
(Note 2) Segment profit(loss) is adjusted with operating profit recorded in the consolidated statements of income.

7

Fiscal Year Ended March 31, 2022 (April 1, 2020 to March 31, 2022)
Reportable segment
Machinery /Equipment &Services for
Manufacturing
Industry

Machinery /Equipment &Services for Leisure business
Construction
Industry

Adjustments( Note 1)

Total(Million yen)Amountrecorded inquarterly
consolidated
statements ofincome( Note 2)

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

8,743

4,654

2,448

15,846－

15,846

673

2,537

91

3,302

－

3,302

9,416

7,192

2,539

19,148－19,148

9,416

7,192

2,539

19,148－19,148Internal sales or transfers

－

－

－

－

－

－

Total

9,416

7,192

2,539

19,148－19,148

856

288

342

1,487

(1,264)222

11,601

7,383

1,639

20,624

4,804

25,428

408

142

95

646

20

667

－

94

－

94

－

94

927

199

16

1,143

227

1,370

External sales

Segment profit (loss)
Segment assets
Other items
Depreciation andamortization
Amortization of
goodwill
Increase in property,
plant and equipment
and intangible assets(Note 1) Details of “Adjustments” are as follows:
Adjustments for the segment loss of ¥(1,264) million include corporate cost of ¥(1,277) million not allocated to each reportablesegment, allowance for doubtful accounts of ¥0 million and elimination of inter-segment transaction of ¥12 million.
Adjustments for segment assets of ¥4,804 million include corporate assets of ¥6,950 million and consolidated adjustment of¥(2,146) million
Adjustments for depreciation and amortization of ¥20 million include depreciation and amortization of corporate assets of¥20 million.
Adjustment for the increase in property, plant and equipment and intangible assets of ¥227 million include investments incorporate assets of ¥24 million and software of ¥202 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

3. Supplementary information
Status of sales and orders
Segmental sales
Segment

Fiscal Year Ended March 31, 2021
(April 1, 2020 to March 31, 2021)(Million yen)

Shipbuilding &Engineering Business
Machinery / Equipment& Services for
Manufacturing Industry
Machinery / Equipment& Services forConstruction Industry
Leisure business
Total

Fiscal Year Ended March 31, 2022
(April 1, 2021 to March 31, 2022)

Composition ratio (%)(Million yen)

Composition ratio (%)

25,915

58.1

－

－

9,465

21.2

9,416

49.2

7,172

16.1

7,192

37.6

2,075

4.6

2,539

13.2

44,628100.0

19,148100.0

Order status and backlog of orders
Fiscal Year Ended March 31, 2021
(April 1, 2020 to March 31, 2021)
Segment

Shipbuilding &Engineering Business
Machinery / Equipment& Services for
Manufacturing Industry
Machinery / Equipment& Services forConstruction Industry
Leisure business
Total

Orders(Million yen)

Fiscal Year Ended March 31, 2022
(April 1, 2021 to March 31, 2022)

Backlog of orders(Million yen)Orders(Million yen)Backlog of orders(Million yen)

30,379

－

－

－

7,287

3,065

9,708

4,212

6,905

4,129

6,477

4,333

706

153

1,875

1,176

45,278

7,348

18,061

9,721(Note) The amount of orders received and order backlogs for rental of temporary construction-use elevators are included in
Machinery / Equipment & Services for Construction Industry Segment since the beginning of the first quarter of thecurrent consolidated fiscal year. Following the change, the amounts for the previous period have been changed to include
the amount of orders received and order backlogs for rental of temporary construction-use elevators.

9