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.

Consolidated Financial Results
for the Six Months Ended September 30, 2022
[Japanese GAAP]
November 8, 2022
Company name: WIN-Partners Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 3183
URL: http://www.win-partners.co.jp/
Representative: Hideumi Akizawa, Chief Executive OfficerContact: Keiji Matsumoto, Director
Phone: +81-3-3548-0790
Scheduled date of filing quarterly securities report: November 14, 2022
Scheduled date of commencing dividend payments: –Availability of supplementary explanatory materials on quarterly financial results: Not available
Schedule of quarterly financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 1, 2022 - September 30,2022)(1) Consolidated Operating Results (cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%
September 30, 2022
33,616
7.9
1,107(5.8)
1,108(5.9)
741(7.3)
September 30, 2021
31,144
11.7
1,175
41.5
1,179
40.8
799
39.6(Note) Comprehensive income: Six months ended September 30, 2022: ¥737 million [(8.9)%]
Six months ended September 30, 2021: ¥809 million [36.4%]
Basic earnings
Diluted earningsper shareper share
Six months ended
Yen
Yen
–
September 30, 2022
26.09
September 30, 2021
27.86–
(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share

Million yen%

Yen

41,132As of September 30, 2022
21,464
41,564As of March 31, 2022
21,721(Reference) Equity: As of September 30, 2022: ¥21,464 million
As of March 31, 2022: ¥21,721 million

52.2
52.3

755.28764.32Million yen

12. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

YenYear-end

Fiscal year ended–
0.00–
March 31, 2022
Fiscal year ending–0.00
March 31, 2023
Fiscal year ending
March 31, 2023–(Forecast)(Note) Revision to the forecast for dividends announced most recently: None

Total
Yen

Yen

35.00

35.00

36.00

36.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 - March 31,2023)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparentMillion yen%Million yen%

Million yen%

Full year
71,000
6.9
2,820
2.1
2,820
2.0
(Note) Revision to the financial results forecast announced most recently: Yes

Million yen

1,930%

5.4Yen67.91* Notes:(1) Changes in significant subsidiaries during the period under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation)(Note) Through consolidated subsidiary TESCO Co., Ltd., we acquired all shares of TOSAY Medical Co., Ltd. inthe second quarter of the fiscal year under review and included it in the scope of consolidation, although
this does not constitute a change in specified subsidiaries.
(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: Yes(3) 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
(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2022:
30,503,310 shares
March 31, 2022:
30,503,310 shares2) Total number of treasury shares at the end of the period:
September 30, 2022:
2,083,573 shares
March 31, 2022:
2,083,573 shares
3) Average number of shares during the period:
Six months ended September 30, 2022:
28,419,737 shares
Six months ended September 30, 2021:
28,708,237 shares* These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit
firm.
* Explanation of the proper use of financial results forecasts and other notes
The financial results forecasts are based on information available as of the announcement date of this document andassumptions as of the same date concerning uncertain factors that may affect future performance. Actual results may
differ significantly from these forecasts due to various factors.

2

Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Thousand yen)
As of March 31, 2022
AssetsCurrent assets
Cash and depositsNotes and accounts receivable - trade
Electronically recorded monetary claims - operating
Merchandise
Other
Total current assets
Non-current assets
Property, plant and equipment
Land
Other
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

3

As of September 30, 2022

15,572,870
14,542,286
1,819,004
2,066,037
745,629
34,745,828

14,841,673
12,533,585
1,869,292
2,776,396
1,107,987
33,128,935

3,999,503
1,749,272
5,748,776
156,579
913,813
6,819,169
41,564,997

4,178,433
2,512,411
6,690,845
323,722989,4818,004,050
41,132,986

14,881,444
2,094,209
595,688392,514734,703
18,698,560

15,025,047
1,960,306
401,727
326,403
767,198
18,480,683

1,142,531
2,000
1,144,531
19,843,091

1,185,310
2,140
1,187,450
19,668,134

550,000
2,272,369
19,688,252(836,142)
21,674,479

550,000
2,272,369
19,434,967(836,142)
21,421,195

40,5386,887
47,426
21,721,905
41,564,997

36,434
7,222
43,656
21,464,852
41,132,986

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income
Six Months Ended September 30(Thousand yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from real estate
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary incomeExtraordinary losses
Office relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to owners of parent

For the six months ended
September 30, 2021
31,144,093
27,251,341
3,892,752
2,716,804
1,175,948

For the six months ended
September 30, 2022
33,616,957
29,589,390
4,027,567
2,920,139
1,107,428

85
7
1,021
2,423
3,538

64
7
807
4,027
4,906

–
482
482
1,179,004

64
3,374
3,439
1,108,895

357
–
357

–
28,30628,306––
1,179,361
379,589
799,771799,771

50,06550,065
1,087,137
345,730
741,406
741,406

4

Quarterly Consolidated Statement of Comprehensive Income
Six Months Ended September 30(Thousand yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

For the six months ended
September 30, 2021
799,771

For the six months ended
September 30, 2022
741,406

7,892
1,630
9,522
809,294(4,104)334(3,769)737,636809,294

737,6365

(3) Quarterly Consolidated Statement of Cash Flows(Thousand yen)
For the six months ended
September 30, 2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
Subtotal
Income taxes paid
Other, net
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of shares of subsidiaries resulting in change inscope of consolidation
Purchase of property, plant and equipment
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Other, net
Net cash provided by (used in) financing activities
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 six months ended
September 30, 2022

1,179,361
78,0701,763,058
33,303(1,646,871)(302,961)
1,103,960(275,378)93
828,674

1,087,137
75,0012,582,120(608,920)(662,347)(752,756)
1,720,235(665,212)751
1,055,774–(505,076)(107,335)(49,224)(156,559)(601,032)
451,954(654,154)(976,080)–(976,080)(303,965)
12,122,053
11,818,088(994,690)(168,180)(1,162,870)(761,250)
10,572,870
9,811,620