For the Fiscal Year Ended March 31, 2020

Annual Select® 2020

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

Corporate Profile
When it was founded in 1949, Sun-Wa Technos Corporation responded to the demands of that era, during
which Japan was rebuilding its industrial capacity following World War II. Ever since then, our main
business has been the sale of technology products—such as industrial systems and machinery, electricmotors, and control equipment—and associated contracting work. With the subsequent structural changes
in Japanese industry, however, we extended into new business fields, including electrical products,
electronic components, and computer systems related to factory automation (FA systems*1), and as society
has become more information-driven, our business activities have evolved to encompass the sale ofindustrial systems and devices, equipment, and electronic components. During that time, however, we haveconsistently dedicated ourselves to our customers’ development as a technology trading company that puts
customers first, delivers engineering services, and provides up-to-date technical information.
Since establishing an overseas base in Singapore in 1995, the Sun-Wa Group has now established a total of
26 bases in 12 countries. Aiming to expand and develop its non-Japan business, the Group makes a selling
point of providing the same level of service it provides in Japan when assisting Japanese customers moving
into overseas markets, while at the same time cultivating local companies overseas as new customers.
We are currently in the process of establishing the Sun-Wa global network, thereby helping to reduceoverall costs for customers by offering services including acting as a procurement agency (global supply
chain management (“SCM”) solutions) to streamline the process from inventory procurement to
distribution.
We also operate a business that develops outstanding products overseas and supplies them to customers
inside and outside Japan.
*1 Factory automation

I. Summary of Selected Financial Data (Consolidated)

Net sales

68th fiscal year

69th fiscal year

70th fiscal year

71st fiscal year

72nd fiscal year

From April 1, 2015
to March 31, 2016

From April 1, 2016
to March 31, 2017

From April 1, 2017
to March 31, 2018

From April 1, 2018
to March 31, 2019

From April 1, 2019
to March 31, 2020

105,748

116,611

146,759

145,410

137,943

2,645

3,215

4,349

3,627

2,144

1,690

1,584

3,085

2,628

1,341

713

2,142

4,744

1,253

627

22,26323,63727,993

31,94431,72655,43964,816

77,254

74,11471,7381,550.73

1,705.66

2,020.05

1,991.19

2,010.98

117.76113.64222.65164.08

84.11

–

–

–

–

–

40.2

36.5

36.2

43.1

44.2

7.6

6.9

12.0

8.8

4.2

6.0

9.9

8.5

5.3

9.7

(60)

1,679

(2,221)

1,636

3,238

(384)

(235)

29

(153)

(200)

(654)

(818)

3,962

28

(945)

5,875

6,275

8,112

9,521

11,568

857

888

957

994

1,030

(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.

Net sales do not include consumption taxes.
Diluted earnings per share are not provided since there are no potential shares.

- 1 -II. Message from the President
Treating the adverse business environment as a growth opportunity, we will take on thechallenge of Phase 2 of NEXT 1800
The business environment for the year ended March 31,
2020 saw continued uncertainty over the future trend in
business conditions, with trade issues, the UK’s exit fromthe EU, and other global economic trends, as well as
fluctuations in the finance and capital markets, and theimpact of the spread of novel coronavirus disease (COVID19) since the start of 2020. Against this background, in theindustrial electronics and mechatronics industries, which
are the main business fields of the Sun-Wa Group,companies put off capital investments in factory automation(“FA”) and industrial equipment fields. Partly as a result of
this, the Company’s consolidated net sales and ordinary
profit both fell year on year.
However, going into the fourth quarter there were positive
signs such as the start-up of the semiconductor
manufacturing equipment market, including moves to
respond to the commercialization of 5G, the nextgeneration telecommunications standard. Moreover,currently we are seeing growth in orders for electrical
Hiroyuki Tanaka
products in the Chinese and Japanese markets. While thePresident and Representative Director
situation will continue to require careful monitoring going
forward, we aim to move resolutely forward, including forays into new business fields.

Steady implementation of key measures in the first year of NEXT 1800
During the first year of the tenth medium-term management plan NEXT 1800, in the process of working toenhance our core businesses (the agency business, engineering business, and global SCM solutions
business), we took proactive steps including clarifying the technology domain, a strength of ourengineering business that actively promotes sales expansion activities in our agency business, strengthening
the infrastructure of our migration business for manufacturing locations with the establishment in April
2019 of the Global SCM Solutions Division to serve as its command center, establishing an office in Ho
Chi Minh City, Vietnam, where we are working to develop our business in the rapidly growing local
market, and visualizing and streamlining logistics costs and other factors in an effort led by our new
distribution system (Warehouse Management System, “WMS”), which provides the arterial network for theCompany’s businesses. There is no established target for efforts aimed at overall optimization of our supply
chains, including sites for logistics warehouses, but as a technology trading company, we will continue topursue this optimization. Also, in terms of creating new businesses with an eye on long-term growth, weare coming up with new ideas and business models in market areas such as the medicine and health fields.
In addition, in July 2019, as part of an initiative to use ICT through our in-house IT infrastructure SIS2018,
we started teleworking between the Shikoku Sales Office and the Osaka Branch. This initiative toimplement efficient and speedy office work on a location-free basis has contributed to reducing selling,
general and administrative expenses, including business trip expenses, as well as to expanding sales
through improved capabilities in information and customer response. Recently, this has also been apowerful tool enabling a flexible response to a work-from-home system aimed at reducing the risk ofinfection from COVID-19. We see this a major trend towards promoting work-style reforms along withimprovement in operational efficiency through use of the new Sales Force Automation (SFA) system,
which was fully implemented in July 2019.

Clarifying proprietary strengths and added value to further refine core businesses
Phase 2 of NEXT 1800 has taken place in a social environment marked by uncertainty regarding the future.
As a business policy, we will take steps to further strengthen our sales capabilities in the agency business,
which is the starting point of our core businesses and forms the business foundation of the Company.

- 2 -Currently, the number of our suppliers has increased, and we handle an increasingly diverse range of
products. In order to bolster our sales capabilities, we will concentrate on proposals and sales expansion of
the products of each major manufacturer in line with the focus points of the Electrical Machinery,
Electronics, and General Machinery Departments.
In addition, in the engineering business, which is our main source of competitive advantage, we are aiming
to clarify our strengths and create added value with an awareness of cost efficiency, working on the themeof increasing organizational and earnings capabilities by visualizing operations. We will combine efforts
both of our sales and technological forces so that customers can properly recognize and evaluate the added
value of our engineering business, which is selling so-called “intangible capabilities.”
In the global SCM solutions business, we will pursue initiatives to have customers properly evaluate thevalue of our business, such as the migration business for manufacturing locations, with a strong awarenessof selling “intangible capabilities” that offer added value. In China, in December 2019 we relocated andmerged the offices of SHANGHAI SUN-WA TECHNOS CO., LTD. and Shanghai Mechatronics Center,in an effort to strengthen organic links. Our aim is to improve the services we have been offering toJapanese companies and to bolster efforts to develop business with excellent local companies. With regard
to strengthening our global business, in a business environment marked by drastically changing global
markets we established the Chinese Regional Headquarters, Asia-Pacific Regional Headquarters, andEuropean Regional Headquarters in June 2020. In this way we will drive the expansion of sale in theoverseas business, which had previously been under general management of the International Headquarters,by strongly driving forward with optimization of each area in the business.

Drawing up a roadmap to becoming a 100-year company and executing medium- and long-term
strategies
In building and promoting new business models, we will continue to use the “intrapreneur system,” tocreate new businesses, including rental businesses based on subscriptions*2 in diverse market areas such as
the medical and health fields, and going forward we are using back-casting*3 to outline our vision for the“world 30 years from now” with a two-team format comprised of young and middle-career employees tostart an initiative for clarifying our business strategy for 10 and 20 years into the future. In other words, weare creating a firm roadmap for becoming a 100-year company, having marked the Company’s 70th
anniversary in 2019. Moreover, whereas in the past we have planned and conducted Sun-Wa TechnicalSeminars and expositions introducing new technologies in each department, these will now be centrallyorganized by the Sales Planning Office, which will systematically set effective themes based oncompanywide business strategy and conduct the programs.
Meanwhile, in our contribution to the SDGs*4, which aim to achieve sustainable societies and companies,
we have started developing personnel at overseas local subsidiaries and human resources who can plan andcreate new businesses, and once the COVID-19 situation recovers, we will proceed to implement thesemeasures proactively. At our in-house training program Sun-Wa College, we have systematically preparededucation programs for each specialization, including rank-specific training and skills workshops. By
putting into practice our corporate philosophy of nurturing the human talent, we will promote theCompany’s long-term growth and contribute to the realization of the SDGs.
Even in the present adverse business environment, we will aim to carry out NEXT 1800 to its completion,
responding flexibly to the continuous changes in the global economy and market environment, whilesteadily capturing orders in the fields of FA and industrial equipment, which are expected to grow going
forward, driven by the growth market of the next-generation telecommunications standard 5G and robotics.
The Company will envisage the world, markets and technologies of tomorrow, establish a robust
management foundation that can respond to rapid fluctuations and risks in the business environment, andcontinue to press forward positively, holding steadfastly to our vision, and with an attitude that cantransform headwinds into opportunities.
*2 A method of paying consideration for the time of usage, rather than the number of provided products
and services.
*3 A method of envisaging a future point as a target future and working back from that point to the present
to determine what actions need to be taken to attain it.
*4 “Sustainable Development Goals.” International goals for 2030 established in the “2030 Agenda for
Sustainable Development” adopted at the United Nations summit held in September 2015.

- 3 -Tenth Medium-Term Management Plan (FY2019-FY2021)

SUN-WA VISION 2025
Sun-Wa Group: Creating a Bright FutureElectrical
Machinery

Agency Business♦ Result and Managerial Goal
(Millions of yen)
FY2019ResultFY2025
FY2021¥180 billion ¥250 billion

Net sales

FY2020

FY2021

137,943

165,000

180,000

Operating profit

1,846

3,800

4,800

Ratio of operating
profit to net sales

1.3%

2.3%

2.7%

Ordinary profit

2,144

4,000

5,000

Ratio of ordinary
profit to net sales

1.6%

2.4%

2.8%

Engineering BusinessElectronics

Global SCM
Solutions Business
GeneralMachinery

FY2019 - Our 70th Anniversary and Beyond
We continue to evolve and accelerate growth as anindependent technology trading company.

♦ Progress
Ordinary Profit

Net Sales(Millions of yen)

(Millions of yen)Ta rgetActua lActualTa rget180,000♦ Policy
 Contributing to customers’ manufacturing byenhancing core businesses Expanding global business and supporting market
demand Rising to the challenge of new business fields andaccelerating sustainable growth Initiatives to realize a sustainable society

165,000

5,000

150,000
4,000
137,943
3,300

2,144

FY2019(72nd Fiscal Year)- 4 -FY2021
FY2020(73rd Fiscal Year) (74th Fiscal Year)

FY2019(72nd Fiscal Year)FY2020
FY2021(73rd Fiscal Year) (74th Fiscal Year)III. Financial Highlights
Net Sales

Operating Profit¥137,943 million
down ¥7,467 million YoY¥1,846 million

down 5.1% YoY

down 45.8% YoY

146,759

4,135

145,410

137,943

down ¥1,482 million YoY(Millions of yen)

Yea r end

¥1,341 million¥2,144 million

down ¥1,563 million YoY(Millions of yen)

Yea r end

Profit Attributable to Ownersof Parent

Ordinary Profit

down ¥1,287 million YoY(Millions of yen)

Yea r end

(Millions of yen)

Year e nddown 40.9% YoY

down 49.0% YoY

4,349

3,085

3,410

3,627

2,628

2,144

1,846

1,341

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

Total Assets / Net Assets

Net Assets per Share /Equity Ratio

Orders Received / Order Backlog

Ratio of Ordinary Profit
to Net Sales

Total assets ¥71,738 million
Net assets ¥31,726 million

Net assets per share ¥2,010.98
44.2%
YoY change total assets Down ¥2,375 million Equity ratio
YoY change net assets

Net assets per share
Equi ty ra tio

Down ¥217 million(Millions of yen)

Tota l assets

Net a ssets

down 0.7% YoYupup

down 3.2% YoY

2,020.05
77,254

74,114

1.0%

(Yen)
(%)

Orders received ¥136,235 million
Order backlog¥24,338 million
YoY cha nge orders received
YoY cha nge orders backlog(Millions of yen)

YoY

Orders received

Orders backlog

down 6.6% YoY

1.1 points YoY
1,991.19

2,010.98
153,527

143,848
136,235

44.2

3.0

36.2
31,944Ra tio of ordinary profit to net sales (%)

down 0.9 points YoY

down 5.3% YoY

71,73843.1

27,993

1.6 %Down ¥7,613 million
Down ¥1,707 million

2.5

31,726

1.6
27,608

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

26,04624,338

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

- 5 -

70th
71st
72nd
(FY2017) (FY2018) (FY2019)

Financial highlights
In the fiscal year under review, the Japanese economy continued to experience uncertainty over the futureof business conditions, impacted by trends around trade issues, trends in the Chinese economy, trends inoverseas economies, such as the UK’s exit from the EU, fluctuations in the finance and capital markets, andthe outbreak of COVID-19.
In the industrial electronics and mechatronics industries serviced by the Sun-Wa Group, a cautious stancetoward capital investment among manufacturing companies continued, impacted by political factors such as
the prolongation of US-China trade friction, in addition to the COVID-19 outbreak that occurred at the endof the fiscal year.
As a result, our operating result for the fiscal year under review fell short of the previous year’s result.

Outlook for the Fiscal Year ending March 31, 2021
In our outlook for the next fiscal year, we expect a recovery in orders from the semiconductor industry
associated with the commercialization of the next-generation telecommunications standard 5G. However,with the impact of the COVID-19 outbreak, the future direction of business conditions is expected tocontinue to be uncertain.
The consolidated earnings forecasts for the year ending March 31, 2021 have not yet been determined as
the impact of the spread of COVID-19 is uncertain and it is difficult at this stage to provide an appropriate
and reasonable estimate.
In addition, consolidated earnings forecasts for the six months ending September 30, 2020 is as statedbelow.

Consolidated earnings forecasts for the six months ending September 30, 2020
Net sales¥70,000 million(up 3.5% year on year)

Operating profit¥750 million(down 17.6% year on year)

Ordinary profit
Profit attributable to ownersof parent
Basic earnings per share¥800 million(down 22.8% year on year)¥500 million(down 27.5% year on year)¥31.69Note: Earnings projections are based on information available to the Company as of May 8, 2020. Actual results may differ from the
projections presented here due to various factors.

- 6 -IV. Business Segment Information
The Electrical Machinery Department saw a decrease in salesof electrical products used in the industrial machineryindustry.

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.

AC servo motors

The Electronics Department saw an increase in sales ofelectronic components for automobile-related equipment.
However, sales of electronic components used in theamusement industry decreased.

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

Diode

The General Machinery Department saw an increase in salesof conveying equipment used in the FPD (Flat Panel Display)related industry, but a decrease in sales of equipment for theindustrial machinery industry.

Main Products
Semiconductor-related manufacturing equipment, industrial robots, clean room robots forconveying 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.

- 7 -Double arm robot

V. Reportable Segment Information
Net sales ¥110,335 million (down ¥5,657 million YoY)
Operating profit ¥1,285 million (down ¥653 million YoY)
There were increases in sales of electronic components forautomobile-related equipment, and sales of conveying
equipment for the FPD-related industry. However, sales
decreased for electrical products and equipment for theindustrial machinery industry, and electronic components
used in the amusement industry.

Net sales ¥34,454 million (down ¥2,734 million YoY)
Operating profit ¥592 million (down ¥616 million YoY)
In the Asia region, sales of electrical products and electronic
components for the industrial machinery industry decreased.

Net sales ¥6,398 million (down ¥1,686 million YoY)
Operating profit ¥(84) million (down ¥338 million YoY)
In Europe and the United States, there were decreases insales of electronic components for the industrial machineryindustry and electrical products used in the organic ELrelated industry.

Net sales ¥1,396 million (down ¥337 million YoY)
Operating profit ¥7 million (up ¥4 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.

- 8 -VI. Sun-Wa Global Network
Japan
SUN-WA TECHNOS CORPORATION
Nagano Sales Office
Hokuriku Sales Office(Toyama-shi)
Kyoto BranchTokyo-Nishi Branch (Hachioji-shi)

Kansai OfficeKita-Kanto Branch (Saitama-shi)

Osaka Branch

Tohoku Sales Office (Sendai-shi)

Himeji Sales Office
Hiroshima Sales Office

Fukuoka Branch

Head Office
Kanto Office

Kumamoto Sales Office

Tokyo Service Center

Nagasaki Sales Office

Yokohama Branch
Numazu Sales Office

Nagoya Service Center
Hamamatsu Sales Office

Kyushu Service Center
Shikoku Sales Office(Niihama-shi)

Oita Sales Office

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

Mikawa Branch(Kariya-shi)

Nagoya Office
Mie Sales Office

Europe
SUN-WA TECHNOS (EUROPE) GmbH
Frankfurt

United States / Mexico

Ljubljana

Greenville(South Carolina)

ChicagoQueretaro

Los Angeles

SUN-WA TECHNOS AMERICA, INC.
SUN-WA TECHNOS MEXICO S.A. DE C.V.

China / Hong Kong / Taiwan
Tianjin

ASEAN

DalianShenyangHanoi

SuzhouShenzhen
Guangzhou

Shanghai
Shanghai Mechatronics
CenterHangzhouTaipeiTaichung
TainanHong Kong
Hong Kong Logistics Center

Bangkok
Ho Chi Minh

ManilaKuala 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 (PHILIPPINES), INC.
SUN-WA TECHNOS (VIETNAM) CO., LTD.

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.

- 9 -VII. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work 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- 10 -

As of March 31, 2019

As of March 31, 2020

10,00537,05012,052
34,715

5,206

5,123

11,07215989(131)64,20910,0190920(117)62,713

1,770(1,132)
637
1,807
480
(201)
278
496
(359)
137
2,861

1,777
(1,177)
600
1,777
529
(299)
230
536
(385)
151
2,759

143
143

193
193

5,679
28
1,283
(90)
6,900
9,905
74,114

4,854
12
1,423
(217)
6,072
9,024
71,738(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Income taxes payable
Accrued expenses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Deferred tax liabilities
Long-term accounts payable - other
Provision for retirement benefits for directors(and other 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-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 11 -

As of March 31, 2019

As of March 31, 2020

17,227
14,200
3,205
600
102
175
1,144
544
37,19916,04313,065
3,809
–
106
521
1,165
690
35,402

2,900
202
667
226

2,900
142
323
226

85

94

887
4,970
42,169921
4,608
40,011

3,727
3,548
21,781(0)
29,056

3,727
3,548
22,577(300)
29,552

2,675

2,079

212
2,888
31,944
74,11495
2,174
31,726
71,738

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2019
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
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share issuance costs
Loss on sales of trade receivables
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on valuation of investment securities
Provision of allowance for doubtful accounts
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent- 12 -

Fiscal year ended
March 31, 2020

145,410129,092
16,31812,9083,410

137,943
123,521
14,421
12,574
1,846

19
104
64
131
70
81
471

15
115
60
132
47
96
466

97
19
41
55
39
253
3,627

73
–
30
50
13
168
2,144

4
–
4

–
75
75

35
10
–
46
3,585
789
167
957
2,628
2,628

–
–
130
130
2,089
820
(72)
748
1,341
1,341

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2019
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 ofparentComprehensive income attributable to noncontrolling interests- 13 -

Fiscal year ended
March 31, 2020

2,628

1,341

(990)
(383)
(1,374)
1,253

(595)
(117)
(713)
627

1,253

627

–

–

(3) Consolidated Statements of Changes in Equity
Fiscal year ended March 31, 2019
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

2,553

1,958

1,174

1,171

Retained earnings
19,647

Treasury shares(428)

Total shareholders’equity23,731

Changes during period
Issuance of new shares

2,345

Dividends of surplus

(494)

(494)

Profit attributable to ownersof parent

2,628

2,628

Purchase of treasury shares
Disposal of treasury shares

418

(0)

(0)

427

845

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

1,174

1,590

2,134

427

5,325

Balance at end of period

3,727

3,548

21,781(0)

29,056

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

3,665

Foreign currencytranslation
adjustment
596

Total accumulated
othercomprehensive
income4,262

Total net assets

27,993

Changes during period
Issuance of new shares

2,345

Dividends of surplus(494)

Profit attributable to ownersof parent

2,628

Purchase of treasury shares(0)

Disposal of treasury shares

845

Net changes in items otherthan shareholders’ equity

(990)

(383)

(1,374)(1,374)

Total changes during period

(990)

(383)

(1,374)

3,950

Balance at end of period

2,675

212

2,888

31,944- 14 -

Fiscal year ended March 31, 2020
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

3,727

Capital surplus

Retained earnings

3,548

21,781

Treasury shares(0)

Total shareholders’equity29,056

Changes during period
Dividends of surplus

(545)

(545)

Profit attributable to ownersof parent

1,341

1,341

Purchase of treasury shares

(299)

(299)

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

795

(299)

495

3,727

3,548

22,577(300)

29,552

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

2,675

Foreign currencytranslation
adjustment
212

Total accumulated
othercomprehensive
income2,888

Total net assets

31,944

Changes during period
Dividends of surplus(545)

Profit attributable to ownersof parent

1,341

Purchase of treasury shares(299)

Net changes in items otherthan shareholders’ equity

(595)

(117)

(713)

(713)

Total changes during period

(595)

(117)

(713)

(217)

Balance at end of period

2,079

95

2,174

31,726- 15 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2019
Cash flows from operating activities
Profit before income taxes
Depreciation
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 sales of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sales 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 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 borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Proceeds from issuance of shares
Purchase of treasury shares
Proceeds from disposal 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- 16 -

Fiscal year ended
March 31, 2020

3,585
303
14

2,089
350
34

42

111

(123)
97
13
–
10
31
3,331
(1,111)58(2,479)
1
(581)
(386)
2,807
123
(100)
(1,194)
1,636

(130)
73
(0)
(75)
–
–
2,304
1,020
56
(2,240)
31
144
(121)
3,649
130
(72)
(468)
3,238

(87)
141
(39)
–
(168)
(153)

(77)
30
(44)
85
(193)
(200)

(1,337)(1,200)
(110)
2,325
(0)
845
(494)
28

619
(600)
(119)
–
(299)
–
(545)
(945)

(103)

(45)

1,408
8,112
9,521

2,047
9,521
11,568

VIII. Corporate Data
Company Information (as of March 31, 2020)
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
1,030 (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 25, 2020)
Chairman and Representative Director
President and Representative Director
Director and Senior Managing Executive Officer
Director and Managing Executive Officer
Director and Executive Officer(External) Director(External) Director
Standing Audit & Supervisory Board Member
Standing Audit & Supervisory Board Member(External) Audit & Supervisory Board Member(External) Audit & Supervisory Board Member
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Sei Yamamoto
Hiroyuki Tanaka
Shoichiro Mine
Kazuya Hanayama
Akihiro Matsuo
Masanori Aoki
Toshiro Koizumi
Kazuto Takeuchi
Kiyoshi Goto
Yasuo Nakamura
Satoru Ueno
Toshihiko Makino
Kenji Takamatsu
Hideaki Uesaka
Kazuhiko Miyazaki
Youichi Echigo
Katsuya Tamaki- 17 -

Stock Information (as of March 31, 2020)
Stock exchange listing:
Listing date:
Total number of shares authorized:
Total number of shares issued:
Number of shareholders:Major shareholders:Tokyo Stock Exchange, 1st Section (Code: 8137)
May 19, 1982
33,380,000 shares
16,044,000 shares
4,651

797
729
683
660
502
498

Share-holding ratio(excluding treasury
shares)
(%)
5.05
4.62
4.33
4.18
3.18
3.15

442

2.80

435
397
395
395

2.76
2.51
2.50
2.50

Number of shares held(Thousands)

Shareholder name
YASKAWA Electric Corporation
The Dai-ichi Life Insurance Company, Limited
The Master Trust Bank of Japan, Ltd. (Trust Account)
Japan Trustee Services Bank, Ltd. (Trust Account)
Hikari Tsushin, Inc.
Origin Co., Ltd.
The Nomura Trust and Banking Co., Ltd. (Investment
Trust Account)
Okuma Corporation
Masujiro Yamada
Resona Bank, Limited
MUFG Bank, Ltd.

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.

- 18 -

Issuance
Issuance
Issuance
Issuance
Production
Printed byDate of issuance

:
:
:
:
:
:
:

SUN-WA TECHNOS CORPORATIONTokyo Square Garden, 3-1-1, Kyobashi, Chuo-ku, Tokyo 104-0031 JAPANTEL +81-3-5202-4011 FAX +81-3-5202-4054
URL http://www.sunwa.co.jp/
ZAIHON, INC.
SUN-WA TECHNOS CORPORATION
July 9,2020- 19 -