For the Fiscal Year Ended March 31, 2015

Annual Select® 2015

SUN-WA TECHNOSCORPORATION
Fukuoka Building, 2-8-7, Yaesu,
Chuo-ku, Tokyo 104-0028, Japan(Securities Code: 8137)+81-3-5202-4011

Corporate Profile
For more than 60 years since its foundation, Sun-Wa Technos Corporation has operated as a “specialized
technology trading company” supplying customers with technology products in three core categories:
electrical machinery, electronics, and general machinery. In each category, our product offerings range fromcomponents to individual machines, equipment, and entire systems. We also provide a wide range of
product support, from the planning stage to execution, delivery, customized adjustments and after-sales
maintenance. Our products and services are provided by an organization that possesses the expertise
required in each of our product categories and the adaptability to provide complex solutions across thosecategories. Through this organization, we provide one-stop solutions that meet the needs of customers.
We also provide a variety of services to customers with overseas presences through the Sun-Wa global
network of sales offices established for business operations that are closely tied with those of customers
both in Japan and overseas. Covering a wide area through this network, we discover and procure
high-quality overseas products and provide relevant information using our unique “global SCM (supply
chain management) solutions,” garnering high praise from our customers.
Furthermore, having added “engineering capabilities” to our electrical machinery, electronics and generalmachinery composite businesses, we are working to enhance our corporate value as a technology trading
company and pressing ahead with initiatives to cultivate new business fields.

I. Summary of Selected Financial Data (Consolidated)

Net sales

63rd fiscal year

64th fiscal year

65th fiscal year

66th fiscal year

67th fiscal year

From April 1, 2010
to March 31, 2011

From April 1, 2011
to March 31, 2012

From April 1, 2012
to March 31, 2013

From April 1, 2013
to March 31, 2014

From April 1, 2014
to March 31, 2015

85,28389,706

88,264

101,378

111,276

2,875

3,403

2,519

3,438

3,761

1,694

1,975

1,520

2,168

2,466

1,593

1,835

2,033

3,368

3,642

10,992

12,571

14,34918,654

21,951

41,25442,53947,256

53,69858,748855.27

978.57

1,117.07

1,299.29

1,529.00

132.33154.22118.71

162.98171.83

–

–

–

–

–

26.6

29.5

30.3

34.7

37.4

16.5

16.8

11.3

13.2

12.2

5.4

5.4

6.8

5.3

6.8

45

1,297

3,652

(1,374)

1,353

(94)

(215)

(110)

(127)

(444)

(985)

(472)

(415)

769

(470)

3,126

3,687

6,949

6,453

7,100

738

776

784

812

841

(Millions of yen)

Ordinary income(Millions of yen)

Net income(Millions of yen)Comprehensive income(Millions of yen)

Net assets(Millions of yen)

Total assets(Millions of yen)

Net assets per share(Yen)

Net income per share(Yen)

Diluted net income per share(Yen)

Equity ratio(%)

Return on equity (ROE)(%)

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

Net cash provided by (used in)investing activities(Millions of yen)

Net cash provided by (used in)financing activities(Millions of yen)

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

Number of employees(Persons)

Notes: 1.
2.

Net sales does not include consumption taxes.
Diluted net income per share is not provided since there are no potential shares.

-1-II. Message
Casting our net wide and deep to explore and develop businesses and working together
to see through JUMP 1200
To Our Shareholders,

I would like to preface my comments in this Annual Select byextending my sincerest appreciation to all Sun-Wa Group
shareholders for your understanding and constant support of ourGroup’s endeavors.

Sei Yamamoto
President and Representative Director

In the year ended March 31, 2015, although there was a rise in
the consumption tax rate in April 2014, the Sun-Wa Group’s
results benefitted from the continued effects of Abenomics, yen
depreciation and higher stock prices, and the FA (factory
automation) industry, which is Sun-Wa Technos Corporation’s
core market and field, showed a particularly steady
performance. Under this environment, we were able to achieve
consolidated net sales of ¥110 billion, which was our target forthe second year of JUMP 1200. This was made possible not
only by the efforts of our employees but also by the support ofour business partners and shareholders. I am sincerely gratefulfor this.

I am pleased to announce that, in appreciation of ourshareholders’ constant support, we decided to pay a year-end dividend of ¥14 per share, in addition to theinterim dividend of ¥12 per share, bringing the annual dividend to ¥26 per share.

Comprehensively capturing the market and making a steady start on growth in Japanand overseas
Currently, our global business is experiencing an increase in demand for various types of electrical
products and control equipment and electronic components from customers in the FA field for production
equipment, reflecting strong performance in the Chinese smartphone market in particular. Furthermore, inview of soaring personnel expenses in developing countries, we are providing optimal solutions to needs
for enhanced quality and automation, which are increasingly important considerations for Japanesecustomers. These include proposing systems through diverse combinations that don’t just involve thesupply of our products as Sun-Wa Technos Corporation but also incorporate a wide range of products andtechnologies. Performance in the field of automobile-related equipment, was very strong in North America
and Mexico in addition to ASEAN countries, particularly Thailand, while in the United States, the locally
based engineering services we have built up are yielding substantial results.
Meanwhile, in growth markets in Japan, there was strong growth in sales of products such as power
conditioners for photovoltaic power generation systems reflecting the spread of the feed-in tariff scheme.
However, as purchase prices are expected to fall in future market conditions, we upgraded new products
such as rechargeable batteries in view of future renewable energy use. In the medical and welfare fields,
our operations include automation technology proposals using robots aimed at various kinds of medical andwelfare equipment at locations such as hospitals, universities and testing centers.

-2-

Working on global development centered on “technology” through forward-looking
organizational reform
Fiscal year 2015 is the final fiscal year of JUMP 1200 and the plan’s culmination. Our first priority
measure is to “build an organization that will enable us to display to the maximum extent the strength of
our integrated electrical machinery, electronics, and general machinery business as well as our overall
engineering capabilities.” To this end, we launched the “FA System Sales Division” with the aim of
maximizing our composite power in terms of electronics and machinery centered on the products of core
manufacturers, and the “Industrial Solutions Division,” which is composed of technical staff in the fields ofelectronics and machinery. In particular, the latter division will provide powerful technical support to all
those in charge of sales on the front line, and we consider it to be an important measure to increase ourexisting value as a strong technology trading company that provides solution proposals to customers in an
integrated manner.
In addition, from the perspective of strengthening the Sun-Wa Group’s collective capabilities, we will
integrate SUN-WA TESCOM CORPORATION, which produces control panels and develops, designs,
manufactures and sells systems and devices, into the headquarters as the “Engineering Department.” This
will enable us to realize exploration and development of potential business in partnership with in-house
technical staff, and one-stop solutions from proposal to installation through close industrial collaboration.
Our next priority measure is to “further expand overseas business, including in emerging countries.” With
respect to this measure, in our efforts to make full use of our network of 10 foreign subsidiaries and 22
business bases, our engineers stationed in foreign countries have been highly praised for the engineering
support they provide to cater for the automobile-related automation needs of customers, particularly in
Thailand, Indonesia and North America (Chicago), and these operations have gained a foothold as abusiness. Furthermore, in Mexico, where customers are pushing ahead with capital investment into
automotive industrial estates, we plan to establish a local subsidiary during fiscal year 2015 and provide thesame engineering services. We also plan to establish a local subsidiary in the Philippines during fiscal year
2015 with the aim of shortening delivery periods and strengthening our services for customers in the
country.
We will fully exploit the product procurement capabilities and synergy effects of our unique “global SCM(supply chain management) solutions” centered on our Hong Kong Logistics Center in parallel with thedevelopment of our global business.
For our priority measure to “aggressively develop new growth markets with the aim of establishing new
businesses,” we will secure 20% of our net sales from new business fields. To this end, we are aiming to
expand sales in target businesses, and we have formed specialized sales organs to thoroughly explore
specific markets and fields, such as the “Automotive Electronic Components Sales Department” and the“Biomedical Promotion Office,” which works to acquire customers in markets for the medical and welfare
fields. The “Automotive Electronic Components Sales Department ,” for example, will respond to theautomobile industry’s increasing shift to overseas operations and increasing digitalization of automobile
equipment by taking into considering the construction of SCM solutions that are focused on model changes
several years in the future and a planned move to volume production, deepen its industrial cooperation withcustomers with a medium- and long-term perspective, and further develop relationships of trust.

-3-

Developing a corporate environment conducive to active participation by female
employees and younger generations
In our efforts to “upgrade the Sun-Wa Group Group’s administrative structure”, in addition to theorganizational revision described above, we are implementing activities to bring kaizen (improvements) to
our operations (our “Kaizen” Project). With this in mind, as the promotion of women in society becomes asignificant theme for Japan, we intend to widen opportunities for women to actively participate in ouroperations as a company with a large number of current female employees. To this end, it is necessary foreach and every employee to independently work to increase efficiency and productivity in office
operations, and to establish a comfortable work-life balance. Moreover, we are currently implementing a
project for studying proposals for themes that contribute to energy conservation and improving lifestyleenvironments with a focus on women (our “New Life” Project).
Here at Sun-Wa Technos Corporation, people are our assets and the training of our personnel contributes toour development as a company. At present, we are steadily developing a training system structure inaccordance with different ranks and duties in addition to our existing manufacturing training. In addition,
aiming to provide personnel training with a global perspective, we will provide opportunities for employees
to deepen their knowledge through overseas training and overseas work not only to sales employees but
also to those engaged in other duties such as administration and operations. Meanwhile, we will also
invigorate exchange among personnel by such means as increasing opportunities for local overseas
employees to work in Japan.
Now it is also time for us to look ahead to drafting and formulating our next medium-term management
plan. Centered on our vision of Sun-Wa Technos Corporation’s future as created by our younger
employees, the creation of this plan will involve not only discussions of our vision and detailed key
measures but also the formulation of new plans to lead our next phase of growth. Looking ahead, we aim toharness the energy of the younger generations, with CSR compliance as a given, to become a “continually
growing strong technology trading company” in a cheerful, pleasant and healthy manner. In this way wewill meet the expectations of our shareholders. We humbly ask for your continued support.

-4-Eighth Medium-Term Management Plan (JUMP 1200)
Targeting a giant leap forward for the Sun-Wa Technos Group to consolidated sales of ¥120 billion♦ Policy♦ Priority Measures
Build an organization that will enable us to display to the
maximum extent the strength of our integrated electricalmachinery, electronics, and general machinery businessas well as our overall engineering capabilities

Further expand business via global expansion
Enhance corporate value via proprietary proposals
and technological capabilities

Further expand overseas business, including in emerging
countries

Pursue higher levels of customer satisfaction by
being the first to grasp market trends andresponding quickly to those changes

Aggressively develop new growth markets with the aimof establishing new businesses
Strengthen and expand our global logistics function

Raise profitability by building a leaner, stronger
company

Upgrade the Sun-Wa Group’s administrative structure
Establish a human resources development system basedon our corporate philosophy

Promote adherence to the best CSR practices♦ Managerial Goal

♦ Results and Forecasts

We aim to be a truly global company that is active
around the world and provides services as a constantly
growing technology products trading company.

Consolidated

Electrical
Machinery

Composite BusinessElectronics

GeneralMachineryEngineering Capabilities

68th Fiscal Year(ending March 2016) [Plan]¥120 billion in consolidated
sales
Sustain a ratio of ordinary income to
net sales of 3.5 % or more

67th Fiscal
Year (ended

March 2014)

March 2015)

101,378

111,276

119,000

Operating income

3,211

3,471

3,500

Ordinary income

3,438

3,761

3,800

Net income

2,168

2,466

2,500

Ratio of ordinary
income to net sales

3.4%

3.4%

3.2%

Net sales(Millions of yen)
Target Actual

Ordinary income

Forecast

66th
67th
66th
67th 68th 68th
(FY2013) (FY2014) (FY2014)(FY2013) (FY2014) (FY2015)-5-

Forecast
4,700

4,000
3,400 3,438

Ordinary income ¥2.5 billion in consolidated basis ¥120 billion in consolidated sales in the plan’s final
year (ending March 2016)
 Sustain a ratio of ordinary income to net sales of
3.5 % or more

March 2016)(forecast)(Millions of yen)
Target Actual

120,000 119,000
110,000 111,276
98,000 101,378

65th Fiscal Year (ended March 2013)¥88.2 billion in consolidated sales

68th Fiscal
Year (ending

66th Fiscal
Year (ended
Net sales

Sun-Wa Group(Millions of yen)

3,761

3,800

66th
67th 68th 68th
66th
67th
(FY2013) (FY2014)(FY2014)(FY2013)(FY2014)(FY2015)

III. Financial Highlights
Net Sales

Operating Income¥111,276 million¥3,471 million

up ¥9,897 million YoY

up 9.8%YoY

up 8.1%¥2,466 million

up ¥323 million YoY(Millions of yen)

Year end

Net Income¥3,761 million

up ¥260 million YoY(Millions of yen)

Year end

Ordinary Income(Millions of yen)

Year end

YoY

up ¥298 million YoY

up 9.4%

YoY(Millions of yen)

Year end

up 13.8%

YoY

3,761

111,276

3,471

101,378

3,438

2,466

3,211

88,264

2,168
2,519
2,269
1,520

65th
66th
67th
(FY2012) (FY2013) (FY2014)

65th
66th
67th
(FY2012) (FY2013) (FY2014)

Total Assets / Net Assets

Net Assets per Share /Equity Ratio

Total assets ¥58,748 million
Net assets ¥21,951million
YoY change total assets Up ¥5,050 million
YoY change net assets Up ¥3,297 million

Net assets per share ¥1,529.00
Equity ratio
37.4%
Net Assets per Share
Equity Ratio(Millions of yen)
Total assets

Net assets

up 17.7% YoY

(Yen)
(%)

65th
66th
67th
(FY2012) (FY2013) (FY2014)

65th
66th
67th
(FY2012) (FY2013) (FY2014)

Orders Received / Order Backlog

Ratio of Ordinary
Income to Net Sales

Orders received ¥112,624 million
Order backlog ¥17,656 million

up 17.7% YoY

34.7
58,74830.3

Orders backlog

up

8.3% YoYup

9.5% YoY

37.4

102,84
102,8400

1,529.00

53,698112,624

1,117.07

18,654

Ratio of ordinary income to net sales (%)

90,421

1,299.29

47,256(Millions of yen)Orders received

up 2.7 points YoY

up 9.4% YoY

3.4 %YoY change orders received Up ¥9,783 million
YoY change order backlog Up ¥1,348 million

2.9

3.4

3.4

21,951

14,34914,846

65th
66th
67th
66th
67th
(FY2012) (FY2013)(FY2013)(FY2014)(FY2014)

65th
66th
67th
(FY2012) (FY2013) (FY2014)-6-

16,30817,656

65th
66th
67th
65th
66th
67th
(FY2013) (FY2014)(FY2014)(FY2012)(FY2012) (FY2013)

65th
66th
67th
(FY2012) (FY2013) (FY2014)

Financial highlights
In the fiscal year under review, the Japanese economy followed a track of gradual recovery. This reflected
improvements in corporate earnings due to support from positive factors including economic measures by
the government and monetary easing by the Bank of Japan, despite a pullback in demand following a surge
ahead of the consumption tax rate in April 2014.
In the industrial electronics and mechatronics industries that are serviced by the Sun-Wa Group, demand in
the field of smartphones and demand in the automobile-related industry were firm. In addition, demand insemiconductor-related and industrial machinery industries showed tendencies to increase on the back of an
upturn in capital investment.
In this environment, the Sun-Wa Group continued to push ahead with the key measures in JUMP 1200, its
eighth medium-term plan, in the second year of the plan. In particular, we added “engineering capabilities”
to our electrical machinery, electronics and general machinery composite businesses, and not only worked
to enhance our corporate value as a technology trading company but also pressed ahead with initiatives tocultivate new business fields.
As a result, the operating results for the fiscal year under review rose year on year and set record-highs forthe second consecutive year in terms of both sales and profits.

Outlook for the Fiscal Year ending March 31, 2016
In the new fiscal year, we expect improvements in household income reflecting increased wages andexpansion in employment amid continued growth in corporate earnings to stimulate a virtuous economic
cycle, causing the economy to continue to maintain the current direction of recovery. In the industrial
electronics and mechatronics sectors that are serviced by the Sun-Wa Group, companies have been
adopting a cautious attitude regarding increased costs due to yen depreciation and economic prospects inJapan and overseas. Nevertheless, these industries are also expected to continue to benefit from strong
demand in the field of smartphones and improvements in corporate earnings, leading to increases in capital
investment.

Consolidated earnings forecasts for the year ending March 31, 2016
Net sales¥119,000 million(up 6.9% year-on-year)

Operating income¥3,500 million(up 0.8% year-on-year)

Ordinary income
Profit attributable to ownersof parent
Net income per share¥3,800 million(up 1.0% year-on-year)¥2,500 million(up 1.3% year-on-year)¥174.13

Note: Earnings projections are based on information available to the Company as of May 8, 2015. Actual results may differ from the
projections presented here due to various factors.

-7-IV. Business Segment Information
Electrical Machinery

Net Sales¥22,660 million
down ¥2,098 million YoY(Millions of yen)down 8.5% YoY

Proportion of total net sales
sales

20.4%

22,22224,75922,66065th(FY2012)66th(FY2013)

67th(FY2014)The Electrical Machinery Department saw strong demandin the Chinese market and an increase in sales of servo
motors used in the industrial machinery industry.
However, sales of servo motors used in semiconductor
manufacturing devices and sales of control equipment forphotovoltaic power generation systems decreased.

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.

Electronics

Net Sales¥80,473 millionup ¥10,829 million YoY(Millions of yen)

Proportion of total net sales
sales

72.3%

up

15.6% YoY

58,62869,64365th(FY2012)66th(FY2013)80,473AC servo motors

The Electronics Department saw increases in sales of electronic
components for FA (factory automation) equipment used in theindustrial machinery industry, sales of electronic components
for automobile equipment used in automobile-related industries
and the like, and sales of electronic components used in theamusement field.

67th(FY2014)Main Products
Various electronic components and equipment including power supplies, connectors,
semiconductors, sensors, miniature fans, LEDs (Light Emitting Diodes), LCDs (Liquid
Crystal Displays), industrial PCs, CPU boards, memory modules, etc.

General Machinery

Net Sales¥8,141 millionup ¥1,166 million YoY(Millions of yen)

Proportion of total net sales
sales

7.3%

up

16.7% YoY

7,412

6,975

65th
(FY2012)66th(FY2013)

LED light module

The General Machinery Department saw an increase insales of equipment used in liquid crystal delivery
equipment and some industrial-use robots used inequipment.

8,141

67th
(FY2014)Main Products
Semiconductor-related manufacturing equipment, industrial robots, clean room robots forconveying liquid crystal panels, substrate-related devices, conveying devices for logistics,
valve control devices, wind- and hydro-power equipment, air conditioners and kitchen
facilities, environmental protection equipment and devices, various inspection devices,
medical equipment, etc.

-8-

Double arm robot

V. Reportable Segment Information
Japan(Millions of yen)
Net sales
Operating income

Net sales ¥81,749 million (up ¥4,271 million YoY)

up 5.5% YoY

Operating income ¥2,128 million (down ¥24 million YoY)

68,848

1,590

65th

77,477

81,749

2,152

2,128

66th

67th

68.5% (FY2012) (FY2013) (FY2014)

Proportion ofof total
total net
net sales
sales

Asia

In Japan, there were increases in sales of electronic
components for FA (factory automation) equipment used in
the industrial machinery industry, sales of electronic
components for automobile equipment used in
automobile-related industries and the like, sales of electronic
components used in the amusement field and sales of liquid
crystal delivery equipment. However, sales of servo motors
used in semiconductor manufacturing devices and sales ofcontrol equipment for photovoltaic power generation systems
decreased.

(Millions of yen)
Net sales
Operating income

Net sales ¥33,014 million (up ¥6,257 million YoY)

up 23.4% YoY

Operating income ¥1,260 million (up ¥239 million YoY)
33,014

21,524652

65th

26,756

1,021

66th

1,260

In the Asian region, particularly China, sales of servo motors
used in the industrial machinery industry and sales ofelectronic components used in the amusement field increased.

67th

27.3% (FY2012) (FY2013) (FY2014)

Proportion
Proportion ofof total net
net sales

Europe andthe United States(Millions of yen)
Net sales
Operating income

Net sales ¥3,431 million (up ¥240 million YoY)

up

Operating income ¥87 million (up ¥60 million YoY)

3,298

7.5% YoY
3,191

3,431

In Europe and the United States, sales of electronic
components used in inverters and servo motors increased.
87

Proportion of total net sales

Other*

30

26

65th

66th

(Millions of yen)
Net sales
Operating income

Net sales ¥2,559 million (down ¥126 million YoY)

down 4.7% YoY

Operating loss ¥11 million (down ¥3 million YoY)

2,742

(19)

65th

Proportion
Proportion of total net sales

67th

2.8% (FY2012) (FY2013) (FY2014)

2,686

2,559

(7)

(11)

66th

67th

* The “Other” segment includes businesses not included inreportable segments, including the operations of somedomestic subsidiaries.

1.4% (FY2012) (FY2013) (FY2014)

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

-9-VI. Sun-Wa Global Network
Japan
SUN-WA TECHNOS CORPORATION
Kyoto Branch
Hokuriku Sales Office
Tokyo-Nishi Branch
Tohoku Sales OfficeKita-Kanto Sales Office
Nagano Sales OfficeOsaka Branch
Himeji Sales Office
Fukuoka Branch
Hiroshima Sales Office
Oita Sales Office
Kumamoto Sales Office
Nagasaki Sales Office

Head Office
Tokyo Service Center
Electronics Department
Numazu Sales Office

Nagoya Service Center
Kyushu Service Center

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

Nagoya Branch
Hamamatsu Sales Office
Mikawa Sales Office
Mie Sales Office

Europe
SUN-WA TECHNOS (EUROPE) GmbH
Frankfurt

United States of America
ChicagoGreenville(South Carolina)
SUN-WA TECHNOS AMERICA, INC.

China / Hong Kong / Taiwan

ASEAN

DalianShenyang
ShanghaiSuzhouShanghaiMechatronics Centre
ShenzhenHangzhou
Guangzhou
Taipei
Hanoi
Taichung
TainanHong Kong
Hong Kong Logistics Center
Tianjin

Bangkok
Kuala Lumpur
Singapore
Jakarta
SUN-WA TECHNOS (SINGAPORE) PTE LTD.
SUN-WA TECHNOS (MALAYSIA) SDN. BHD.
SUN-WA TECHNOS ASIA (THAILAND) CO., LTD.
PT. SUNWA TECHNOS INDONESIA

SUN-WA TECHNOS (H.K.) CO., LTD.
SUN-WA TECHNOS (TAIWAN) CO., LTD.
SHANGHAI SUN-WA TECHNOS CO., LTD.
SUN-WA TECHNOS (SHENZHEN) CO., LTD.

For addresses and contact details of each business base above, please refer to the network page of our website below.
http://www.sunwa.co.jp/eng- 10 -

VII. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2014

As of March 31, 2015

6,937
33,075

7,584
34,419

190

726

4,356
48
0
307
500
(87)
45,329

5,384
82
0
300
834
(93)
49,2392,559(1,596)
963
2,636
573
(198)
375
421
(358)
63
4,038

2,548
(1,629)
918
2,590
591
(297)
293
460
(383)
77
3,879

76
76

243
243

3,469
869
(84)
4,254
8,369
53,698

4,566
858
(38)
5,386
9,509
58,748AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
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
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 11 -

(Millions of yen)
As of March 31, 2014

As of March 31, 2015

25,917
1,328
1,200
122
921
977
267
30,73527,496
1,462
1,320
123
509
1,026
432
32,370

–
2,205
274
408
671
749
4,309
35,044

1,200
900
188
625
674
836
4,426
36,7972,553
1,958
12,350(53)
16,8072,553
1,958
14,472(54)
18,929

1,207

1,851

639
1,847
18,65453,698

1,170
3,022
21,951
58,748

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Accrued expenses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for directors’ retirement benefits
Net defined benefit liability
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-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 12 -

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2014
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Purchase discounts
House rent income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales of notes payable
Loss on sales of accounts receivable
Share issuance cost
Bond issuance cost
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Provision of allowance for doubtful accounts
Total extraordinary losses
Income before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in loss
Net income- 13 -

Fiscal year ended
March 31, 2015

101,378
88,697
12,6809,469
3,211

111,276
97,287
13,98810,516
3,471

3
47
55
107
158
371

7
53
54
108
222
445

49
0
7
16
–
57
12
144
3,438

54
1
6
–
19
48
25
156
3,761

4
37
41

–
–
–

1
1
3,478
1,385
(73)
1,311
2,166
(1)
2,168

–
–
3,761
1,292
2
1,294
2,466
–
2,466

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2014
Income before minority interests
Other 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 ofparentComprehensive income attributable to minority
interests- 14 -

Fiscal year ended
March 31, 2015

2,166

2,466

530
671
1,201
3,368

644
530
1,175
3,642

3,368

3,642

(0)

–

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2014
(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current
periodCapital surplus

1,935

1,341

618

616

Retained earnings
10,437

Treasury shares(53)

Total shareholders’equity13,660Changes of items during period
Issuance of new shares

1,234

Dividends of surplus

(256)

(256)

Net income

2,168

2,168

Purchase of treasury shares

(0)

(0)

Net changes of items otherthan shareholders’ equity
Total changes of items during
period

618

616

1,912

(0)

3,146

Balance at end of current period

2,553

1,958

12,350(53)

16,807

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at beginning of current
period678

Foreign currencytranslation
adjustment(31)

Total accumulated
othercomprehensive
income646

Minority interests

41

Total net assets

14,349Changes of items during period
Issuance of new shares

1,234

Dividends of surplus(256)

Net income

2,168

Purchase of treasury shares(0)

Net changes of items otherthan shareholders’ equity

528

671

1,200

(41)

1,158

Total changes of items during
period

528

671

1,200

(41)

4,305

Balance at end of current period

1,207

639

1,847

–

18,654- 15 -

Fiscal year ended March 31, 2015
(Millions of yen)
Shareholders’ equity
Capital stock
Balance at beginning of current
period2,553

Capital surplus

Retained earnings

1,958

12,350Treasury shares(53)

Total shareholders’equity16,807

Changes of items during period
Dividends of surplus

(344)

(344)

Net income

2,466

2,466

Purchase of treasury shares

(0)

(0)

Net changes of items otherthan shareholders’ equity
Total changes of items during
periodBalance at end of current period

–

–

2,122

(0)

2,122

2,553

1,958

14,472(54)

18,929

Accumulated other comprehensive income
Valuationdifference on
available-for-salesecurities
Balance at beginning of current
period1,207

Foreign currencytranslation
adjustment
639

Total accumulated
othercomprehensive
income1,847

Total net assets

18,654

Changes of items during period
Dividends of surplus(344)

Net income

2,466

Purchase of treasury shares(0)

Net changes of items otherthan shareholders’ equity

644

530

1,175

1,175

Total changes of items during
period

644

530

1,175

3,297

Balance at end of current period

1,851

1,170

3,022

21,951- 16 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2014
Cash flows from operating activities
Income before income taxes and minority interests
Depreciation
Gain on bargain purchase
Increase (decrease) in provision for retirement
benefits
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in net defined benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories
Decrease (increase) in other assets
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses 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 sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
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
Repayments of lease obligations
Proceeds from issuance of bonds
Proceeds from issuance of common shares
Purchase of treasury shares
Cash 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, 2015

3,478
205
(37)

3,761
221
–

(739)

–

4

(40)

749
(50)
49
46
(4)

87
(60)
54
92
–

(4,259)(1,156)

(84)
(279)

(820)
(311)

273

997

2
19
65
(560)
50
(49)
(814)
(1,374)

69
114
56
3,065
60
(54)
(1,718)
1,353

(36)
–
(31)
12
(72)
(127)

(38)
40
(231)
–
(215)
(444)

(394)
900
(600)
(114)
–
1,234
(0)
(256)
769

–
–
(1,200)
(125)
1,200
–
(0)
(344)
(470)

236

209

(496)
6,949
6,453

647
6,453
7,100

VIII. Corporate Data
Company Information (as of March 31, 2015)
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
2,553 million yen
841 (consolidated)Fukuoka Building, 2-8-7, Yaesu, Chuo-ku, Tokyo 104-0028, Japan+81-3-5202-4011
SUN-WA TESCOM CORPORATION
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
http://www.sunwa.co.jp/eng

Directors and Corporate Auditors (as of June 24, 2015)
Chairman and Representative Director
President and Representative Director
Senior Managing Director
Managing Director
Managing Director
Managing Director
Director
Director
Director
Director
Director(Outside) Director(Outside) Director
Standing Corporate Auditor(Outside) Corporate Auditor(Outside) Corporate Auditor(Outside) Corporate Auditor

Masujiro Yamada
Sei Yamamoto
Hiroyuki Tanaka
Hitoshi Fukuda
Masanori Igarashi
Shoichiro Mine
Toshihiko Makino
Kazuya Hanayama
Shinya Murakami
Kiyoshi Goto
Yaeko Tanaka
Masanori Aoki
Toshiro Koizumi
KazutoTakeuchi
Hajime Yasukuni
Yasuo Nakamura
Satoru Ueno

Stock Information (as of March 31, 2015)
Stock exchange listing:
Listing date:
Total number of shares authorized:
Total number of shares issued:
Number of shareholders:Major (top 10) shareholders:Tokyo Stock Exchange, 1st Section (Code: 8137)
May 19, 1982
33,380,000 shares
14,438,000 shares
3,142

Number of shares held
Share-holding ratio (%)(Thousands)
YASKAWA Electric Corporation
797
5.55
The Dai-ichi Life Insurance Company, Limited
729
5.08
Resona Bank, Limited
545
3.79
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
545
3.79
Origin Electric Co., Ltd.
498
3.46
Okuma Corporation
435
3.03
Masujiro Yamada
393
2.74
OMRON Corporation
355
2.47
The Bank of New York, Non-treaty Jasdec Account337
2.35
Sun-Wa Technos Employee’s Shareholding Association
300
2.09*Note: Share-holding ratio is calculated after deducting the treasury shares (80,910 shares).
Shareholder name- 18 -

* 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 -