Note: This document has been translated from a part of 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 12, 2023

Summary of Consolidated Financial Results
for the Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)
Company name:
YUASA TRADING CO., LTD.
Listing:
Tokyo Stock Exchange
Securities code:
8074
URL:
https://www.yuasa.co.jp/english/index.html
Representative:
Hiroyuki Tamura, Representative Director, President & CEO
Inquiries:
Hideki Tani, General Manager Finance Dept.
Telephone:+81-3-6369-1366
Scheduled date of ordinary general meeting of shareholders:June 23, 2023
Scheduled date to commence dividend payments:
June 5, 2023
Scheduled date to file annual securities report:
June 23, 2023
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. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31,2023)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended

Millions of yen

March 31, 2023
March 31, 2022
Note: Comprehensive income

Operating profit%

Millions of yen

504,806

9.1

462,725–%

Millions of yen

14,59922.9

11,88032.3

For the fiscal year ended March 31, 2023:
For the fiscal year ended March 31, 2022:

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended

Yen

March 31, 2023

466.23464.11March 31, 2022

364.54362.23

Reference:

Yen

Profit attributable toowners of parent

Ordinary profit%Millions of yen%

15,38231.0

10,07925.1

11,744

17.3

8,058

16.3

¥9,280 million¥4,992 million

Profit attributable toowners ofparent/equity%[85.9%][(57.4)%]

Ordinary profit/
total assets

Operating profit/
net sales
%%

10.8

5.8

2.9

8.9

4.7

2.6

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2023:¥(52) million
For the fiscal year ended March 31, 2022:¥(1,439) million

(2) Consolidated financial position
Total assets
As ofNet assetsEquity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

March 31, 2023

271,218

95,24034.9

4,483.99

March 31, 2022

259,41392,60535.5

4,160.75

Reference:

EquityAs of March 31, 2023:
As of March 31, 2022:%Yen¥94,677 million¥91,981 million(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end ofperiod

Millions of yen

Millions of yen

Millions of yen

Millions of yen

8,338
10,213(2,845)
4,776(6,890)(3,553)52,39553,536

2. Cash dividends
Annual dividends per shareFirstquarterend

Secondquarterend

Thirdquarterend

Fiscalyear-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended
March 31, 2022
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
(Forecast)

Total

Total cash
dividends(Total)Ratio ofDividend payout
dividends to net
ratio
assets(Consolidated)(Consolidated)

Millions of yen%%

–49.00–74.00

123.00

2,742

33.7

3.0

–

60.00

–

80.00140.00

3,015

30.0

3.2

–86.00–86.00172.0030.8

Notes: 1. Total cash dividends for the fiscal year ended March 31, 2022 include dividends of ¥23 million for the Company’s shares
owned by the Board Incentive Plan (BIP) Trust.
2. Total cash dividends for the fiscal year ended March 31, 2023 include dividends of ¥23 million for the Company’s shares
owned by the Board Incentive Plan (BIP) Trust.

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024 (from April 1, 2023 to March31, 2024)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit% Millions of yen

Six months ending
September 30, 2023

252,000

7.7

5,900 14.9

Full year

523,000

3.6

15,4005.5% Millions of yen

Basic earnings
per share%

Yen

6,400 12.6

6,300 72.1

300.55

16,40011,700 16.1

558.17

6.6

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: Yes(iv) Restatement: None
(3) 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, 2023

23,155,882 shares

As of March 31, 2022

23,155,882 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2023

2,041,301 shares

As of March 31, 2022

1,048,982 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2023

21,620,114 sharesFiscal year ended March 31, 2022

22,105,484 shares

Note

The shares of the Company held by the “Board Incentive Plan (BIP) Trust” are included in the number of treasury
shares at the end of the period (171,096 shares as of March 31, 2023 and 188,917 shares as of March 31, 2022).
Also, the shares of the Company held by the “Board Incentive Plan (BIP) Trust” are included in treasury sharesthat are deducted for calculation of the average number of shares outstanding during the period (175,551 sharesfor the fiscal year ended March 31, 2023 and 190,720 shares for the fiscal year ended March 31, 2022).

[Reference] Overview of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 toMarch 31, 2023)(1) Non-consolidated operating results
Net sales
Fiscal year endedMarch 31, 2023
March 31, 2022

Millions of yen

Operating profit% Millions of yen

357,320
327,375

9.1–

Basic earnings
per share
Fiscal year ended
March 31, 2023
March 31, 2022

(Percentages indicate year-on-year changes.)

10,536
8,111

Ordinary profit% Millions of yen

29.9
30.1

Diluted earnings
per share
Yen

Yen

435.50294.25433.53292.3813,045
10,461

Profit% Millions of yen

24.7
18.1

9,415
6,504

%

44.8
(5.8)

(2) Non-consolidated financial position
Total assets
As ofMarch 31, 2023
March 31, 2022
Reference:Net assets

Equity-to-asset ratio

Net assets per shareMillions of yen

Millions of yen%Yen

240,783
226,864

78,04874,92332.3
32.9

3,688.60
3,378.31

EquityAs of March 31, 2023:
As of March 31, 2022:¥77,883 million¥74,684 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters(Caution regarding forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in this document are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. Thesestatements do not purport that the Company pledges to realize such statements. Actual business and otherresults may differ substantially due to various factors.