For the Fiscal Year Ended March 31, 2023

Annual Select® 2023

SUN-WA TECHNOSCORPORATIONTokyo Square Garden, 3-1-1, Kyobashi,
Chuo-ku, Tokyo 104-0031 JAPAN(Securities Code: 8137)+81-3-5202-4011

Corporate Profile
Sun-Wa Technos Corporation is an independent technology trading company founded in 1946 that handles
industrial electronics and mechatronics-related devices, equipment and components. We contribute to various
manufacturing sites such as in the industrial electronics and mechatronics industry, extending the threebusiness fields of electrical machinery, electronics and general machinery and providing customers with thelatest information, solutions that meet their needs, and safe and secure services.
Centered on our customer-focused sales, we have 30 bases in Japan and following the establishment of a basein Singapore in 1995, our overseas network now comprises 32 bases in 13 countries. We also plan to establish
a new base in India in September 2023. Led by the Sun-Wa Technos global network, we provide supply chain
management that reduces procurement costs and shortens lead times at our customers’ overseas bases.
As professionals in the global supply chain, we contribute to the optimization of customers’ production, andimplement highly sound, efficient and transparent management, to achieve the targets in our Medium-termManagement Plan “SNS2024” and realize the Sun-Wa Vision 2030.

I. Summary of Selected Financial Data (Consolidated)

Net sales

71st fiscal year

72nd fiscal year

73rd fiscal year

74th fiscal year

75th fiscal year

From April 1, 2018
to March 31, 2019

From April 1, 2019
to March 31, 2020

From April 1, 2020
to March 31, 2021

From April 1, 2021
to March 31, 2022

From April 1, 2022
to March 31, 2023

145,410

137,943

134,769

154,414

181,013

3,627

2,144

2,567

5,195

7,675

2,628

1,341

1,786

3,577

5,493

1,253

627

3,840

4,095

7,029

31,94431,72635,03038,02344,484

74,11471,73876,381

93,078106,581

1,991.19

2,010.98

2,220.42

2,462.10

2,873.36

164.0884.11

113.23228.33355.08

–

–

–

–

–

43.1

44.2

45.9

40.9

41.7

8.8

4.2

5.4

9.8

13.3

5.3

9.7

9.5

5.9

5.5

1,636

3,238

1,589

792

(545)

(153)

(200)

(141)

244

(731)

28

(945)

(309)

(580)

906

9,521

11,568

12,62913,565

13,661

994

1,030

1,043

1,039

1,060

(Millions of yen)

Ordinary profit(Millions of yen)

Profit attributable to ownersof parent(Millions of yen)Comprehensive income(Millions of yen)

Net assets(Millions of yen)

Total assets(Millions of yen)

Net assets per share(Yen)

Basic earnings per share(Yen)

Diluted earnings per share(Yen)

Equity ratio(%)

Return on equity (ROE)(%)

Price earnings ratio (PER)(Times)Net cash provided by (usedin) operating activities(Millions of yen)

Net cash provided by (usedin) investing activities(Millions of yen)

Net cash provided by (usedin) financing activities(Millions of yen)

Cash and cash equivalents at
end of period(Millions of yen)

Number of employees(Persons)

Notes: 1.
2.

Diluted earnings per share are not provided since there are no potential shares.
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant ASBJ regulations from the beginning of the 74th fiscal year, and the key management indices for the 74th fiscal year
and subsequent fiscal years are those after applying the accounting standard and relevant ASBJ regulations.

- 1 -II. Special Comments from Representatives
All employees of the Group continue to resolutely rise to the challenge to complete the11th Medium-term Management Plan “SNS2024” and realize the Sun-Wa Vision 2030
At the Board of Directors meeting for Sun-Wa
Technos held on June 27, 2023, Representative
Director and Senior Managing Executive Officer
Akihiro Matsuo was appointed President andRepresentative Director, taking over from
Chairman, President and Representative Director
Hiroyuki Tanaka, who had been the driving force
behind the 11th Medium-term Management Plan
“SNS2024.” In these special comments, these two
representatives talk about the evolution andresults as well as the clear strengths of Sun-Wa
Technos’ business in recent years, ahead ofcompleting this plan and the 100th anniversary of
the Company’s founding.
Steadily consolidating its position amid severe change in the environment
Tanaka: In the first year of “SNS2024,” which started in April last year as the backbone of the three numericaltargets that focus on the customer segmentation strategy, sustainability management and operating profit, weachieved an operating profit of about ¥7.6 billion, exceeding the final target in the plan (¥7.0 billion). Amid
product shortages and turmoil in the supply chain against the backdrop of the COVID-19 pandemic and thesituation in Ukraine, our global supply chain service, the Company’s strength, was relied upon, and we werealso able to use fluctuations in foreign exchange in a very positive way in a short period of time. In addition,
there has been growth in capital investment by manufacturers, our business domain.
However, since this good financial result is largely due to the environmental impact such as exchange rate
fluctuations and the receipt of advanced orders due to shortages of goods, we have set a target operating
profit of ¥5.5 billion for the second year of the plan to take account of reactions such as inventory adjustments
by customers. Ultimately, we hope to complete “SNS2024” with solid achievement of the initially planned
operating profit of ¥7.0 billion for the final year, when we forecast capital investment in areas such as
semiconductor device-related industries.
Matsuo: In this first year of the plan, we felt that the customer segmentation strategy, a key measure forachieving these numerical targets, went well. Together with our strength in sales at bases with close
connection to the community, experienced sales representatives rolled-out their expertise and past successes
in a cross-functional strategy nationwide that generated new trades with customers for which there had
previously been no track record, leading to solid outcomes. In addition, in regard to our corporate mission ofsustainability management, we captured renewable energy business opportunities not only with our own
energy savings and resource savings, but in areas such as solar power generation-related opportunities inwhich we have been previously involved. We progressed with building a business platform that contributes
to environmentally friendly manufacturing for our customers through the supply of outstanding products.
Tanaka: In regard to energy, amid the sharp rise in electricity prices that is being felt by everyone, we plan to
become involved in solving customers’ issues with the establishment of the “Energy Management System(EMS)” team, which will visualize and manage the state of energy usage.

Not truly globalized without innovation
Tanaka: To enhance the supply of new solutions that meet customer needs, the Company established the“Innovation Division” in April this year. This aims to renovate the previous concept of “engineering” andpursue possibilities from a broad perspective encompassing solutions and engineering.

- 2 -Matsuo: We want this division to take the lead, and further demonstrate the Company’s strengths, targeting
key fields and fields of expertise, while also creating new value by putting effort into M&A and investing in
cutting-edge companies.
On the other hand, turning our attention to overseas, our transactions in regions other than China are currently
limited to those with Japanese companies. It is vital that we trade with prime companies in all countries
around the world to achieve the mission of “connecting technologies in the world” set forth in our long-term
vision for 2030 “Sun-Wa Vision 2030.” This means we want to incorporate the Innovation Division and thecustomer segmentation strategy and generate appealing products that lead to new transactions. Accumulating
outstanding product information held by excellent local companies through the realization of transactions
and developing this globally will enable us to achieve our mission of “connecting technologies in the world.”
Together with this, we will promote DX such as RPA(*1), create infrastructure to “connect” and reinforce theglobal supply chain.
*1

Robotic Process Automation. Software robot technology that automates office work undertaken by aPC.

Design the 100th anniversary through discussion of dreams
Tanaka: The Company will celebrate its 75th anniversary next year. Looking ahead a further 25 years and the100th anniversary, two years ago we established the “Shaping Sun-Wa future discussion toward 100th yearof founding” comprised of candidates for next generation leaders, which holds ongoing discussion bymembers of an age that will underpin the next generation. Separate from the common understanding ofmatters such as the falling population, I want unique ideas to emerge such as “the era of flying automobiles,”but so far there are many practical ideas. I think it is a great time to have discussion about dreams, and I hope
they will adopt a back-casting approach to bring forward ideas about the future.
Matsuo: In regard to thoughts for the future, I would like to advance localization so that each overseas baseis entrenched in the local region and local employees can take up management positions. I want to create anenvironment that achieves diversity, where various nationalities can exchange information and opinions atall bases domestically and internationally.
Currently, we are conducting “Global Next Leader Training” to cultivate candidates for future management
positions at overseas bases. This is targeted at members selected from local regions and Japan. If we cancreate a place for such members to play a more active role, I believe the Company will be able to movedifferently at even higher levels.
Tanaka: In future, I would like such members to become Presidents of overseas local subsidiaries, operating
independently as a multinational company.

Passing on the Corporate DNA while reforming ahead of the times
Tanaka: When I assumed the role of President, I said the principle of management was “Fueki Ryuko(*2).” I
would like President Matsuo to inherit the Corporate DNA while also making bold moves forward andchanging things that should be changed.
In regard to the roles of President Matsuo and myself, the work is not split vertically between the President
and Chairman. President Matsuo will concentrate on implementing the overall domestic and international
business strategy and improving the financial results, while I will devote myself to initiatives to increase thebrand power of the Sun-Wa Group in society.
In addition, the employee engagement policy will become an important aspect for sustainability managementin future. Last year, we commenced town hall meetings as an opportunity for employees to have a direct
response. In addition to promoting the active participation of women and revising the evaluation system, wemust create a foundation and corporate culture that activates the employment of experienced persons amid
the currently growing work force liquidity. I also have expectations for President Matsuo in this regard.
Matsuo: For many years, I was responsible for management in the Chinese market and I thought I would
continue to work in Shanghai, but I returned to head office two years ago. Even after that, I did not imagine
that I would become President, so I can honestly say I was surprised when I was approached. I am humbled
by the enormous responsibility.

- 3 -I will strive to create a company that continues to grow for the future, while continuing to receive guidance.
*2

Valuing matters that do not change such as tradition, while incorporating new things according to thetimes.

- 4 -III. Message from the New Company President Matsuo
I would like to express my sincere appreciation to all
our shareholders for their continued support.
Chairman Hiroyuki Tanaka led management for six
years as President, during which time he created astrong management foundation and basis for businessdevelopment, continuously rising to the challenge of
new businesses and resolutely advancing the
restructuring of the organization and the establishmentof new organizations, particularly in the latter part ofhis term in office. I inherit that management strategy,
and hope to achieve the “SNS2024” targets andrealize the Company’s targeted vision while adding
my own ingenuity. As professionals in the global supply chain, we will contribute to the optimization ofcustomers’ production, and implement highly sound, efficient and transparent management.
In May this year, the Company added initiatives aimed at the quick realization of a PBR (price book-value
ratio) of at least 1.0 times as an additional measure for “SNS2024.” We aim to improve the return on capital,enhance shareholder returns, and expand IR and SR activities. Additionally, we acquired treasury shares toimprove capital efficiency and to implement a flexible capital policy.
I would like to ask our shareholders for their continued support.
FY2023 Management policy (the second year of the Medium-term Management Plan)

Policy for FY2023

Management policy for FY2023

11th Medium-term Management Plan
Financial Targets <Consolidated>

As a global supply chain professional
supporting the future of manufacturing with“connection” and “trust”

Enhancement of corporate value
FY2024 operating profit target: ¥7.0 billion

Focus on growth areas where innovation is required

Aim to quickly realize a PBR (price bookvalue ratio) of more than 1.0 times

・ Strengthen earnings capabilities by developing the segmentation
strategy for departments and branches
・ Create new businesses utilizing our strengths and invest in
growth fields
・ Increase the corporate brand power through PR, IR and SR
activities

Change key goal indicator from “net sales” to“operating profit”

Operatingprofit ratio
Operating profit 3.1%

Operatingprofit ratio
Operating profit 3.6%
¥7.0 bil.

Provide higher value-added products and new solutions
・ Identify key fields and secure resources through formulation of
the technology strategy
・ Formulate and promote SDX (Sun-Wa DX)
・ Provide solutions to strengthen the global supply chain¥4.8 bil.
FY2024
Net sales target¥195.0 bil.

FY2021
Net sales result¥154.4 bil.

Contribute to the realization of a sustainable society
through sustainability management

Consolidated◆Consolidated

OperatingprofitOperatingprofit ratio

Net sales

FY2024
Target¥7.0 bil.

3.6%¥195.0 bil.

FY2021Result¥4.8 bil.

3.1%¥154.4 bil.

・ Visualize the level of contribution to reducing CO2 emissions
through the promotion of SDA
・ Invest in human capital to cultivate diverse human resources
and promote activities
・ Establish, implement and measure the effect of the employee
engagement policy- 5 -IV. Financial Highlights- 6 -Financial highlights
During the fiscal year under review, there was an increase in consumer spending and capital investment bycompanies due to the continued normalization from the COVID-19 pandemic, but economic growth inJapan was sluggish due to high prices of commodities and economic slowdowns in all countries. As for the
global economy, economic growth slowed as the special digital-related demand during the COVID-19
pandemic ran its course and because of monetary tightening in all countries. In China, there was an
economic recovery following the Shanghai lockdown, but consumer spending has fallen and exports are
down. In the United States, inflation and monetary tightening are weighing on the economy, but consumer
spending and capital investment by companies continue to rise.
In the industrial electronics and mechatronics industry, which our Group serves, there has been active
capital investment in semiconductor-related markets, automobile-related markets, solar-related markets,
etc. due to the spread of 5G, promotion of electric vehicles (EV), and heightened focus on renewableenergy. Facilities were also introduced with the revision of manufacturer’s production bases, to address
labor shortages and for labor-savings. Order adjustments have been evident in some industries due toexcess inventories, but demand remained at high levels.
In this environment, the Company’s financial results for the current fiscal year reached a record high, inpart because of increased revenue from the impact of foreign exchange rates.

Outlook for the Fiscal Year ending March 31, 2024
In our outlook for the next fiscal year, the economy is expected to continue to recover against a backgroundof a resumption in economic activity due to the stabilization of inflation and monetary tightening measuresand the lifting of China’s zero-COVID-19 policy. We also expect ongoing capital investment to promote
the shift to electric vehicles (EV), to realize a carbon neutral society and to address labor shortages.
However, the outlook regarding the economy is expected to remain uncertain due to the high uncertainty
about the impact from factors such as geopolitical risks, soaring raw material and energy prices, exchange
rate fluctuations and tighter U.S.-China export regulations. Furthermore, improvements have also been
evident in tight supply and demand, so we also anticipate order adjustments due to the excess inventories.

Consolidated earnings forecasts for the fiscal year ending March 31, 2024
Net sales¥175,800 million(down 2.9% year on year)

Operating profit¥5,510 million(down 27.8% year on year)

Ordinary profit
Profit attributable to ownersof parent
Basic earnings per share¥5,690 million(down 25.9% year on year)¥3,950 million(down 28.1% year on year)

Note:¥255.14

Earnings projections are based on information available to the Company as of May 8, 2023. Actual results may differ from the
projections presented here due to various factors.

- 7 -V. Business Segment Information
The Electrical Machinery Department saw an increase insales of electrical products for the semiconductor-relatedindustry, electrical products and control equipment for thesolar-related industry and control equipment for the FA
industry, but a decrease in sales of electrical products for
the FA industry.

AC servo motors
Main Products
AC servo motors, linear motors and various other motors, inverters, machine controllers, machine vision systems, clean
room robots and vacuum chamber robots for semiconductor manufacturing devices, power conditioners, power substations
and other facility works, etc.

The Electronics Department saw an increase in sales ofelectronic components and electronic equipment for the FA
industry, and electronic components for the automobilerelated equipment industry and amusement-related industry,
but a decrease in sales of electronic components for thesemiconductor-related industry.

DiodesMain Products
Various electronic components and equipment including power supplies, connectors, semiconductors, sensors, miniaturefans, LEDs (Light Emitting Diodes), LCDs (Liquid Crystal Displays), touch panels, industrial PCs, CPU boards, memory
modules, etc.

The General Machinery Department saw an increase insales of industrial robots for the automobile-relatedindustry, but a decrease in sales of conveying equipment for
the FPD (Flat Panel Display)-related industry andequipment for the household goods industry.

Mobile robot
Collaborative robot
Main Products
Semiconductor-related manufacturing equipment, industrial robots, clean room robots for conveying liquid crystal panels,
substrate-related devices, conveying devices for logistics, wind- and hydro-power equipment, air conditioners and kitchen
facilities, environmental protection equipment and devices, various inspection devices, medical equipment, etc.

- 8 -VI. Reportable Segment Information
Net sales ¥133,712 million (up ¥17,901 million YoY)
Operating profit ¥5,354 million (up ¥2,304 million YoY)
In Japan, there were increases in sales of electrical products
for the semiconductor-related industry, control equipment forthe solar-related industry, control equipment, electronic
components and electronic equipment for the FA industry,electronic components for automobile-related equipment, andindustrial robots for the automobile-related industry.
However, sales of conveying equipment for the FPD-relatedindustry decreased.

Net sales ¥64,364 million (up ¥12,147 million YoY)
Operating profit ¥2,581 million (up ¥657 million YoY)
In the Asia region, there were increases in sales of electrical
products for solar-related industry, electronic components
for the FA industry and for automobile-related equipment,
and electronic equipment for the semiconductor-relatedindustry. However, there were decreases in sales ofelectrical products for the FA industry and electronic
components for the semiconductor-related industry.

Net sales ¥7,112 million (up ¥898 million YoY)
Operating profit ¥(48) million (up ¥60 million YoY)
In Europe and the United States, there were increases ininvestment in automation for EV-related automobile-related
facilities and sales of electronic components for the FA
industry. However, sales of equipment for the household
goods industry decreased. In addition, soaring transportation
costs affected performance, resulting in an operating loss.

Net sales ¥846 million (up ¥98 million YoY)
Operating profit ¥(3) million (up ¥13 million YoY)
* The “Other” segment includes businesses not included inreportable segments, including the operations of somedomestic subsidiaries.

Notes: 1. Each proportion of total net sales is based on sales to external customers.
2. Regional segment sales shown above include internal sales among segments as well as amounts transferred toother segments.

- 9 -VII. Sun-Wa Global Network
QingdaoGermany (Frankfurt)

DalianTianjin
United States (Chicago)

Slovenia (Ljubljana)

Wuhan
United States (South Carolina)

Shenyang

ChengduSuzhouChangzhou

Shenzhen
Guangzhou

Asia ✓

Shanghai/
Shanghai Mechatronics Center

United States (Los Angeles)

XiamenTaipeiTaichung

Vietnam(Hanoi)
Mexico (Queretaro)

HangzhouHong Kong Logistics Center
Hong Kong

Thailand (Bangkok)

Vietnam(Ho Chi Minh)

Philippines (Manila)

Malaysia (Kuala Lumpur)
Singapore
Malaysia (Penang)

Please refer to “Business Locations” on the Company’s website for theaddress and contact details for each business location.
Sun-Wa Technos

Indonesia (Jakarta)

SearchJapan
SUN-WA TECHNOS CORPORATION
Nagoya Service Center
Kanazawa Sales Office

Hokuriku Sales Office
Nagano Sales Office

Shiga Sales Office
Kyoto Branch

Nagaoka Sales Office

Himeji Sales Office

Tohoku Sales OfficeKansai Office/Osaka Branch
Kyushu Service Center

Kita-Kanto Branch

Shikoku Sales Office

Head Office/Kanto Office

Hiroshima Sales
OfficeFukuoka BranchTokyo Technical Center

Kitakyushu Sales Office

Tokyo Service Center

Nagasaki Sales Office

Yokohama BranchTokyo-Nishi Branch

Kumamoto Sales Office

Mie Sales Office
Oita Sales Office

SUN-WA TRINITY CORPORATION
SUN-WA LOGISTICS CO., LTD.

Kofu Sales Office

Nagoya Office
Mikawa Branch- 10 -Numazu Sales OfficeHamamatsu Sales Office

TainanVIII. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
MerchandiseWork in process
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 11 -

As of March 31, 2023

14,04914,14543,14648,455

8,851
12,006
0
4,310
(155)
82,20910,467
17,488
3
3,871
(167)
94,263

1,359
(949)
409
1,356
562
(345)
217
656
(409)
247
2,230

1,379
(977)
402
1,356
768
(447)
320
715
(522)
193
2,272

226
226

221
221

7,215
36
1,281
(122)
8,411
10,86893,078

8,324
38
1,571
(110)
9,824
12,318106,581(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Accrued expenses
Other
Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Long-term accounts payable - other
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 12 -

As of March 31, 2023

23,472
17,204
5,405
2,400
93
1,244
1,806
1,171
52,79725,98819,347
9,557
–
122
1,378
2,234
1,240
59,870

150
859
177

228
1,046
52

114

124

955
2,257
55,054775
2,227
62,097

3,727
3,549
26,867(867)
33,277

3,727
3,544
31,742(812)
38,202

3,721
1,024
4,746
38,02393,078

4,319
1,962
6,282
44,484
106,581(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Rental income from buildings
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sale of trade receivables
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent- 13 -

Fiscal year ended
March 31, 2023

154,414135,642
18,772
13,9674,804

181,013
157,974
23,03915,408
7,630

19
108
78
134
152
493

22
145
86
140
209
604

45
39
2
14
102
5,195

137
43
351
27
560
7,675

21
61
–
82

–
12
21
34

22
32
54
5,223
1,759
(113)
1,646
3,577
3,577

–
–
–
7,709
2,290
(74)
2,215
5,493
5,493

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 14 -

Fiscal year ended
March 31, 2023

3,577

5,493

(514)
1,032
517
4,095

598
937
1,535
7,029

4,095

7,029

–

–

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retained earnings

Treasury shares

3,727

3,548

23,827(300)

Cumulative effects of changes inaccounting policies
Restated balance

(0)

3,727

3,548

23,827

Total shareholders’equity30,802(0)(300)

30,801

Changes during period
Dividends of surplus

(536)

(536)

Profit attributable to owners ofparent

3,577

3,577

Purchase of treasury shares
Restricted stock payment

1

(600)

(600)

33

35

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

–

1

3,040

(566)

2,475

3,727

3,549

26,867(867)

33,277

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

Foreign currencytranslation adjustment

4,235

(7)

Total accumulated
other comprehensive
income4,228

Cumulative effects of changes inaccounting policies
Restated balance

Total net assets

35,030
(0)

4,235

(7)

4,228

35,030Changes during period
Dividends of surplus(536)

Profit attributable to owners ofparent

3,577

Purchase of treasury shares(600)

Restricted stock payment

35

Net changes in items other thanshareholders’ equity

(514)

1,032

517

517

Total changes during period

(514)

1,032

517

2,993

Balance at end of period

3,721

1,024

4,746

38,023- 15 -

Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders’ equity

Balance at beginning of period

Share capital

Capital surplus

Retained earnings

Treasury shares

3,727

3,549

26,867(867)

Total shareholders’equity33,277

Changes during period
Dividends of surplus

(618)

(618)

Profit attributable to owners ofparent

5,493

5,493

Purchase of treasury shares
Restricted stock payment

(5)

(0)

(0)

55

50

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

–

(5)

4,875

55

4,925

3,727

3,544

31,742(812)

38,202

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

3,721

Foreign currencytranslation adjustment
1,024

Total accumulated
other comprehensive
income4,746

Total net assets

38,023

Changes during period
Dividends of surplus(618)

Profit attributable to owners ofparent

5,493

Purchase of treasury shares(0)

Restricted stock payment

50

Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

598

937

1,535

1,535

598

937

1,535

6,460

4,319

1,962

6,282

44,484- 16 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in retirement benefit liability
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of investment securities
Loss (gain) on sale of property, plant and equipment
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of investment securities
Proceeds from sale of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Dividends paid
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- 17 -

Fiscal year ended
March 31, 2023

5,223
306
32
(23)
(11)
(127)
45
27
(61)
0
(8,500)(3,711)(3,241)
10,431
(18)
1,212
82
1,667
127
(46)
(956)
792

7,709
398
–
(179)
5
(167)
137
94
(12)
–
(5,905)(5,017)
508
3,638
101
349
(46)
1,615
167
(146)
(2,182)
(545)

(183)
482
(41)
140
(153)
244

(74)
–
(250)
15
(422)
(731)

1,158
(500)
(101)
(600)
(536)
(580)

4,066
(2,400)
(140)
(0)
(618)
906

478

466

935
12,62913,56595
13,565
13,661

IX. Corporate Data
Company Information (as of March 31, 2023)
Trade name:
Established:
Business year:
Paid-in capital:
Number of employees:
Head office:Telephone:
Consolidated subsidiaries:

URL:

SUN-WA TECHNOS CORPORATION
November 4, 1949
From April 1 to March 31 of the following year
3,727 million yen
1,060 (consolidated)Tokyo Square Garden, 3-1-1, Kyobashi, Chuo-ku, Tokyo 1040031 JAPAN+81-3-5202-4011
SUN-WA TRINITY CORPORATION
SUN-WA LOGISTICS CO., LTD.
SUN-WA TECHNOS (SINGAPORE) PTE LTD.
SUN-WA TECHNOS (H.K.) CO., LTD.
SUN-WA TECHNOS (EUROPE) GmbH
SUN-WA TECHNOS AMERICA, INC.
SUN-WA TECHNOS (TAIWAN) CO., LTD.
SUN-WA TECHNOS (MALAYSIA) SDN. BHD.
SHANGHAI SUN-WA TECHNOS CO., LTD.
SUN-WA TECHNOS ASIA (THAILAND) CO., LTD.
SUN-WA TECHNOS (SHENZHEN) CO., LTD.
PT. SUNWA TECHNOS INDONESIA
SUN-WA TECHNOS (PHILIPPINES), INC.
SUN-WA TECHNOS MEXICO S.A. DE C.V.
SUN-WA TECHNOS (VIETNAM) CO., LTD.
https://www.sunwa.co.jp/

Officers (as of June 27, 2023)
Chairman, Representative Director
President and Representative Director
President and Executive Officer
Director and Managing Executive Officer
Director and Senior Executive Officer
Director and Executive Officer
External Director
External Director
Director, Full-time Audit and Supervisory
Committee Member
External Director, substitute Audit and Supervisory
Committee Member
External Director, substitute Audit and Supervisory
Committee Member
Senior Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Hiroyuki Tanaka
Akihiro Matsuo
Hideaki Uesaka
Takashi Hirano
Yoichi Echigo
Ichiro Kusanagi
Atsuko Sakamoto
Kazuya Hanayama
Akira Yamaguchi
Rie KohKazuhiko Miyazaki
Katsuya Tamaki
Katsuyuki Nishida
Takamichi Matoba
Koji Yusa
Kazuhiro Yoshii- 18 -

Stock Information (as of March 31, 2023)
Stock exchange listing:
Listing date:
Total number of shares authorized:
Total number of shares issued:
Number of shareholders:Major shareholders:Tokyo Stock Exchange, Prime Market(Code: 8137)
May 19, 1982
33,380,000 shares
16,044,000 shares
4,116

Number of shares held(Thousands)

Shareholder name
The Master Trust Bank of Japan, Ltd. (Trust Account)
Hikari Tsushin, Inc.
YASKAWA Electric Corporation
The Dai-ichi Life Insurance Company, Limited
UH Partners 2, Inc.
Origin Co., Ltd.
Custody Bank of Japan, Ltd. (Trust Account)
Okuma Corporation
Masujiro Yamada
Resona Bank, Limited
MUFG Bank, Ltd.

1,324
1,179
797
729
659
498
459
435
397
395
395

Share-holding ratio(excluding treasury
shares)
(%)
8.55
7.61
5.14
4.71
4.26
3.21
2.96
2.81
2.56
2.55
2.55

Note: Numbers of shares held have been rounded down to the nearest 1,000 shares.

**

Annual Select is an English-language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese-language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
While every best effort has been made to provide a translation meeting the quality standards required of professionals, the Company does not guarantee it is 100% accurate.
Therefore, please verify the original Japanese text for any final judgments made based on this information.

- 19 -