Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 11, 2022

Non-consolidated Financial Results
for the Fiscal Year Ended March 31, 2022
(Under Japanese GAAP)
Company name:TOYO GOSEI Co., Ltd.
Listing:
Tokyo Stock Exchange, Standard Market
Securities code:
4970
URL:
https://www.toyogosei.co.jp/
Representative:
Yujin Kimura, President and Representative Director
Inquiries:
Hiroyuki Taki, Division Manager of Financial and Accounting Division
Telephone:+81-3-5822-6170
Scheduled date of annual general meeting of shareholders:June 24, 2022
Scheduled date to commence dividend payments:
June 27, 2022
Scheduled date to file annual securities report:
June 27, 2022
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Financial results for the fiscal year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1) Operating results(Percentages indicate year-on-year changes.)
Net sales

Fiscal year ended

Millions of yen

March 31, 2022

33,144

March 31, 2021

27,164

Operating profit%

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%-4,624

57.3

4,794

60.7

3,457

47.4

11.1

2,939

34.6

2,982

44.6

2,345

26.6

Basic earnings
per share

Diluted earnings
per share

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year ended

Yen

March 31, 2022

435.61

-

24.0

10.6

14.0

March 31, 2021

295.57-20.17.2

10.8

Note:

Yen%

The "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29, March 31, 2020), etc. has been applied
from the beginning of the first quarter ended June 30, 2021. As a result, the percentages indicating year-on-yearchanges are not presented as the figures for net sales for the fiscal year ended March 31, 2022, are the figures after theapplication of this accounting standard.

(2) Financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2022

46,886

16,06134.3

2,023.66

March 31, 2021

43,518

12,79029.4

1,611.52

Reference:

EquityAs of March 31, 2022:
As of March 31, 2021:¥16,061 million¥12,790 million%

Yen(3) Cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end ofperiod

Cash flows fromfinancing activities

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2022

5,808

(3,415)(2,563)3,269

March 31, 2021

4,419

(5,688)

1,472

3,382

2. Cash dividends
Annual dividends per shareFirstSecond
Thirdquarter-end quarter-end quarter-end
Yen

Yen

Fiscalyear-end

Yen

Total cash
dividends(Total)

Total

Yen

Payout ratio

Ratio ofdividends tonet assets%%

Yen Millions of yen

Fiscal year ended
March 31, 2021

-

10.00

-

10.00

20.00

158

6.8

1.4

Fiscal year ended
March 31, 2022

-

15.00

-

15.00

30.00

238

6.9

1.7

Fiscal year ending
March 31, 2023(Forecast)

-

20.00

-

20.00

40.00

9.1

3. Forecast of financial results for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Basic earnings
per share

Profit% Millions of yen%

YenFirst half

20,000

27.3

2,450

3.4

2,400

1.7

1,650

1.5

207.89Full year

40,000

20.7

5,150

11.4

5,000

4.3

3,500

1.2

440.98

* Notes(1) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(2) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

8,143,390 shares

As of March 31, 2021

8,143,390 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2022

206,467 shares

As of March 31, 2021

206,340 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2022

7,936,995 sharesFiscal year ended March 31, 2021

7,937,070 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.