For the Fiscal Year Ended March 31, 2021

Annual Select® 2021

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
28 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

69th fiscal year

70th fiscal year

71st fiscal year

72nd fiscal year

73rd fiscal year

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

From April 1, 2020
to March 31, 2021

116,611

146,759

145,410

137,943

134,769

3,215

4,349

3,627

2,144

2,567

1,584

3,085

2,628

1,341

1,786

2,142

4,744

1,253

627

3,840

23,63727,993

31,94431,72635,03064,816

77,254

74,11471,73876,381

1,705.66

2,020.05

1,991.19

2,010.98

2,220.42

113.64222.65164.0884.11

113.23

–

–

–

–

–

36.5

36.2

43.1

44.2

45.9

6.9

12.0

8.8

4.2

5.4

9.9

8.5

5.3

9.7

9.5

1,679

(2,221)

1,636

3,238

1,589

(235)

29

(153)

(200)

(141)

(818)

3,962

28

(945)

(309)

6,275

8,112

9,521

11,568

12,629

888

957

994

1,030

1,043

(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
Staying one step ahead of the changing times and market needs and working as a Groupto complete NEXT 1800

Hiroyuki Tanaka
President and Representative Director

In the fiscal year ended March 31, 2021, the first state of
emergency declaration was issued in April 2020 due to the
spread of the novel coronavirus disease (COVID-19). With
restrictions on corporate activities, manufacturing companies
put off domestic capital investment, and production
adjustments placed them in an extremely challenging businessenvironment. However, in the industrial electronics andmechatronics industries, which are the main businesses of the
Sun-Wa Group, the Chinese market enjoyed an early recovery.
Additionally, the factory automation (“FA”), industrial
equipment, and semiconductor manufacturing equipment
markets recovered, and the domestic market also shifted to a
track of recovery. In the depressed automobile-related market,
which faced a temporary decline in production units, invehicle equipment-related orders for safety equipment andadvanced driver assistance systems (ADAS) recovered quickly
and remained steady in the second half. Moreover, together
with the sales recovery in our main fields, the reduction inbusiness trips and exhibitions and operational streamlining
including workstyle reforms led to reduced management costs,
and we were able to secure operating profit that exceeded theprevious fiscal year.

Three initiatives to defeat the COVID-19 pandemic headwind
Over approximately one year, the Company instituted company-wide COVID-19 prevention measures on
the hardware side. Additionally, we responded flexibly based on social conditions, such as the reissuance ofa state of emergency declaration, which includes telework and staggered shifts in our work system. In termsof the use of our IT platform through telework, as we had completed the building of our internal IT
infrastructure platform SIS2018 as well IT capital investment aimed at workstyle reform prior to the
COVID-19 pandemic, we smoothly provided and established new lifestyles amid the COVID-19 pandemic.
In the previous fiscal year in which economic and industrial activities globally stagnated, the Company
implemented three main measures. The first measure was having all employees maintain the awareness thatthey are on the frontlines of sales. In terms of specific initiatives for this measure, going beyond theframework of departments and branches including office workers, we came together as a company toexpand sales of infection prevention-related products developed by our customers, leading to expanded
orders of a variety of products such as aerial disinfecting and deodorization equipment, deep ultraviolet
disinfecting products, and bacteria-resistant non-contact temperature sensors.
The second measure was strengthening our back office through digital transformation (DX*2) andachieving closer customer connections through face-to-face meetings with our customers, one of our
traditions. We opened sales offices with small numbers of elite staff members in Nagaoka (Niigata
Prefecture) and Kofu (Yamanashi Prefecture) to maintain close contact with our customers in each region
and to respond to their needs in detail, and built a new structure that could be called the Company’s “newnormal,” where the branch in charge of each sales office supports the frontlines of sales using IT, acting ina behind-the-scenes capacity. This year, we are planning to open bases in Kanazawa (Ishikawa Prefecture)and the Tohoku area. Furthermore, overseas as well, we opened sales bases with the same concept in
Penang, Malaysia and Xiamen, China. Going forward, we want to establish these bases as examples of theCompany’s unique business style in global business. The third measure was cutting management costs
through operational streamlining by establishing remote work focused on workstyle reforms. These threemeasures were how we transformed the difficulties of the COVID-19 pandemic into chances, and they
produced significant results.

- 2 -*2 Data and digital technology to reform organizations and business models continuously and to change
the way value is provided from the ground up.

Capturing the needs of the times from a broad perspective and aiming for a great recovery
In the final fiscal year of the tenth medium-term management plan NEXT 1800, we put forth the slogan of“Rising to the Challenge of a Great Recovery.” We aim to complete the plan through policies and key
measures, including further enhancing our initiatives from last fiscal year on a company-wide basis,
recovering from the COVID-19 pandemic and capturing the new normal market, creating strategies using
DX and establishing a system to implement said strategies, producing solid results output by deeply
cultivating our existing businesses and cultivating new businesses, and reviewing our business portfolio.
In addition to achieving a recovery in sales for our existing businesses, which had contracted during the COVID19 pandemic, we will rise to the challenge of new business fields including new genres born during changing
times prompted by the COVID-19 pandemic, such as accelerating personnel reductions (shift to robotics andautomation), and the transition to electric vehicles and renewable energy to respond to 5G and carbon neutral*3.
In the 5G field, we can expect semiconductor-related business required for the memory equipment at data centersand for connected cars and the transition to EV, and the Company is already moving forward with its local 5G
business in dedicated areas such as factories. Furthermore, by reviewing the market using new approaches forthe needs of a new generation, we believe that we will come to see a “new landscape” for the Company to pursue
in the future.

*3 Achieving zero overall emission of greenhouse gases. Last October, Prime Minister Suga declared thatJapan would achieve this goal by 2050.

Becoming a company that continuously grows through organizational strength and diverse
initiatives
At the start of the final year of NEXT 1800, the Company implemented organizational changes aimed atstrengthening our business platform for the above initiatives. We launched the Regional Customer Sales
Division to consolidate our two customer strategy divisions, which pursue sales expansion with global
companies desiring integrated purchasing, enhancing our customer-specialized approach. Furthermore, toenhance cooperation in our customer manufacturing location migration support business, we enhanced our
global services system by integrating our Global SCM Solutions Division and our International Sales
Division that supports initiatives by our overseas subsidiaries. Moreover, we reorganized the Eco New Life
Support Department that pursued the AED and LED business that are growing from health and energysaving needs into the Life Facility Promotion Division. We will strengthen both the sales expansion of the
AED business, a portion of whose earnings we use for COVID-19 medical welfare as part of our social
contributions, and facilities businesses, such as the LED business.
Regarding the 11th medium-term management plan set to start next fiscal year, to ensure thoroughmanagement policies and accelerate management decisions, centered on the Management Strategy
Department launched this June, we will formulate an effective and aspirational medium-term managementplan.
In our contributions to the SDGs*4 that aim to create a sustainable society and companies, after establishing
the SDGs Promotion Committee in June 2019, we selected an ambassador in each department and branchfollowing study sessions, and starting in April 2021, we disclosed objectives of departments, branches andindividuals, and created internal awareness. Going forward, as the commitment to investment in SDGs andESG*5 expands, we will strengthen initiatives for carbon neutral and further increase our social value as acompany. This April, we received certification as a “2021 Certified Health & Productivity Management
Outstanding Organization” and will continue to promote activities as a company that cares for the health of
our employees.
As the Company will continue to implement various policies as a Group and work to enhance our corporate
value, we ask for the continued support of all our shareholders.

*4 International goals for 2030 established in the “2030 Agenda for Sustainable Development” adopted at
the United Nations summit held in September 2015.
*5 ESG: “Environment,” “Social,” “Governance.”- 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

FY2020ResultFY2021

137,943

134,769

180,000

Operating profit

1,846

2,152

4,800

Ratio of operating
profit to net sales

1.3%

1.6%

2.7%

Ordinary profit

2,144

2,567

5,000

Ratio of ordinary
profit to net sales

1.6%

1.9%

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(Mill ions of yen)

(Millions of yen)Ta rgetActua lForecast

Actua lTa rget

Forecast

180,000
165,000

5,000

150,000♦ 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

137,943

4,000
134,769

135,800
3,300

3,500
2,567
2,144

FY2019FY2020
FY2021(72nd Fiscal Year) (73rd Fiscal Year) (74th Fiscal Year)- 4 -FY2019FY2020
FY2021(72nd Fiscal Year) (73rd Fiscal Year) (74th Fiscal Year)III. Financial Highlights
Net Sales

Operating Profit¥134,769 million
down ¥3,173 million YoY

down 2.3% YoY
145,410¥2,152 million

137,943

up

134,769

up ¥444 million YoY

up ¥422 million YoY(Millions of yen)

Yea r end

¥1,786 million¥2,567 million

up ¥305 million YoY(Millions of yen)

Yea r end

Profit Attributable to Ownersof Parent

Ordinary Profit(Millions of yen)

Yea r end

16.5% YoYup

up

19.7% YoY

3,627

3,410

Ye a r end(Millions of yen)

33.2% YoY

2,628

2,567
2,152

1,786

2,144

1,846

1,341

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

Total Assets / Net Assets

Net Assets per Share /Equity Ratio

Orders Received / Order Backlog

Ratio of Ordinary Profit
to Net Sales

Total assets ¥76,381 million
Net assets ¥35,030 million
YoY change total assets Up ¥4,642 million
YoY change net assets Up ¥3,303 million(Millions of yen)
Tota l assets

Net a ssetsup

10.4% YoYup

6.5% YoY

Net assets per share ¥2,220.42
Equity ratio
45.9%
Net a ssets per share
Equi ty ra tio

upup
1,991.19

74,11471,738

10.4%

(Yen)
(%)

Orders received ¥137,995 million
Order backlog¥27,564 million
YoY cha nge orders received
YoY cha nge orders backlog(Millions of yen)

YoY

Orders received

1.7 points YoY
2,010.98

Orders backlog

up

13.3% YoY

up

1.3% YoY

up

143,848

136,235

31,726

45.9

2.5
1.9

35,0301.6
26,046

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

0.3 points YoY

137,995

43.1
31,944Ra ti o of ordinary profit to net sales (%)

2,220.42

76,381

44.2

1.9 %

Up ¥1,760 mi l lion
Up ¥3,225 mi l lion

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

24,33827,564

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

- 5 -

71st
72nd
73rd
(FY2018) (FY2019) (FY2020)

Financial highlights
In the fiscal year under review, the global spread of COVID-19 affected the Japanese economy, with thereissuance of a state of emergency declaration, and overall, the future of the economy remains unclear. In
the global economy, as economic activities gradually reopen in Europe and the United States, limited
economic activities are being called for due to renewed outbreaks, and in China, the economy continues torecover through policy support and other factors.
In the industrial electronics and mechatronics industries serviced by the Sun-Wa Group, challenging
conditions continued due to postponed capital investment by manufacturing companies and production
adjustments. However, from the end of last year, we began to see a partial recovery in the semiconductor
industry and industrial machinery industry, and the automobile-related equipment industry, which had
temporarily struggled, also began to recover. Furthermore, demand from China remained steady due toprogressing investment in electric vehicles (EV), semiconductors, and base stations for high-speed
communication protocols in the form of 5G in China.
Amid the prolonged COVID-19 pandemic, the establishment of the use of remote work and online tools
and the partial voluntary limitation of corporate activities in line with the infection prevention measures of
the government led to a decline in selling, general and administrative expenses.
Amid this environment, in our operating results for the fiscal year under review, net sales fell below theprevious fiscal year’s results, while operating profit, ordinary profit, and profit attributable to owners ofparent exceeded the previous fiscal year’s results.

Outlook for the Fiscal Year ending March 31, 2022
In our outlook for the next fiscal year, China, which has enjoyed a steady economic recovery, is expected todrive growth in the world economy, and we expect a recovery in capital investment with the commercializationof high-speed communication protocols in the form of 5G and the acceleration of the transition to electricvehicles. However, with no clear end in sight to the global spread of COVID-19, and many factors of uncertainty
including the pace of vaccinations, the duration of their effects, and their effects on mutant variants, we expect
an uncertain economic future to continue.

Consolidated earnings forecasts for the fiscal year ending March 31, 2022
Net sales¥135,800 million(up 0.8% year on year)

Operating profit¥3,430 million(up 59.4% year on year)

Ordinary profit
Profit attributable to ownersof parent
Basic earnings per share¥3,500 million(up 36.3% year on year)¥2,250 million(up 26.0% year on year)¥142.62

Notes: 1. Earnings projections are based on information available to the Company as of May 7, 2021. Actual results may differ from the
projections presented here due to various factors.
2. Because we will begin applying the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29) and its
implementation guidance from the start of the fiscal year ending March 31, 2022, the values for the above consolidated earnings
forecasts are after the application of the standard (displaying the net value for net sales associated with subcontract processing
transactions with supply of materials for value).

- 6 -IV. Business Segment Information
The Electrical Machinery Department saw an increase 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 the industrial machinery industry.
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 a decrease in sales ofequipment for the industrial 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 -Mobile robot
Collaborative robot

V. Reportable Segment Information
Net sales ¥108,252 million (down ¥2,083 million YoY)
Operating profit ¥1,197 million (down ¥88 million YoY)
In Japan, there were increases in sales of electrical products
for the industrial machinery industry and semiconductor
industry, and sales of electronic components for theindustrial machinery industry. However, sales decreased forelectronic components for the amusement industry, andequipment for the industrial machinery industry.

Net sales ¥35,492 million (up ¥1,038 million YoY)
Operating profit ¥917 million (up ¥325 million YoY)
In the Asia region, sales of electrical products andelectronic components for the industrial machinery industry
increased, but sales of electronic components for theamusement industry decreased.

Net sales ¥4,711 million (down ¥1,686 million YoY)
Operating profit ¥(1) million (up ¥82 million YoY)
In Europe and the United States, there were decreases insales of electronic components for the amusement industry.

Net sales ¥931 million (down ¥464 million YoY)
Operating profit ¥16 million (up ¥8 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
Nagaoka Sales Office
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
Fukuoka Branch

Hiroshima Sales Office

Head Office
Kanto Office

Kumamoto Sales Office

Tokyo Service Center

Nagasaki Sales Office

Yokohama Branch
Numazu Sales Office
Kofu Sales Office
Kyushu Service Center
Oita Sales Office

Shikoku Sales Office(Niihama-shi)

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

Nagoya Service Center
Hamamatsu Sales Office

Mikawa Branch(Kariya-shi)

Nagoya Office
Mie Sales Office (Yokkaichi-shi)

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
CenterHangzhou
XiamenTaipeiTaichung
TainanHong Kong
Hong Kong Logistics Center

Bangkok
Ho Chi Minh
PenangManilaKuala 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
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- 10 -

As of March 31, 2020

As of March 31, 2021

12,052
34,715

13,11336,392

5,123

6,061

10,0190920(117)62,713

7,935
0
1,036
(109)
64,4301,777(1,177)
600
1,777
529
(299)
230
536
(385)
151
2,759

1,745
(1,193)
551
1,730
545
(377)
168
525
(385)
140
2,590

193
193

170
170

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

7,995
36
1,338
(179)
9,190
11,951
76,381

(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, 2020

As of March 31, 2021

16,04313,065
3,809
–
106
521
1,165
690
35,402

16,554
12,901
4,148
500
93
393
1,269
510
36,372

2,900
142
323
226

2,400
91
1,203
199

94

104

921
4,608
40,011

9784,97841,3503,727
3,548
22,577(300)
29,552

3,727
3,548
23,827(300)
30,802

2,079

4,235

95
2,174
31,726
71,738(7)
4,228
35,03076,381

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Purchase discounts
Foreign exchange gains
Rental income from buildings
Subsidy income
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 investment securities
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Impairment losses
Loss on valuation of membership
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, 2021

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

134,769
120,545
14,224
12,071
2,152

15
115
60
–
132
47
96
466

12
102
56
94
134
33
88
522

73
30
50
13
168
2,144

48
31
–
27
107
2,567

75
75

7
7

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

10
42
9
–
62
2,513
815
(88)
726
1,786
1,786

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2020
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, 2021

1,341

1,786

(595)
(117)
(713)
627

2,156
(102)
2,054
3,840

627

3,840

–

–

(3) Consolidated Statements of Changes in Equity
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- 14 -

Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

3,727

Capital surplus

Retained earnings

3,548

22,577

Treasury shares(300)

Total shareholders’equity29,552

Changes during period
Dividends of surplus

(536)

(536)

Profit attributable to ownersof parent

1,786

1,786

Purchase of treasury shares

(0)

(0)

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

–

–

1,249

(0)

1,249

3,727

3,548

23,827(300)

30,802

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

2,079

Foreign currencytranslation
adjustment
95

Total accumulated
othercomprehensive
income2,174

Total net assets

31,726

Changes during period
Dividends of surplus(536)

Profit attributable to ownersof parent

1,786

Purchase of treasury shares(0)

Net changes in items otherthan shareholders’ equity

2,156

(102)

2,054

2,054

Total changes during period

2,156

(102)

2,054

3,303

Balance at end of period

4,235

(7)

4,228

35,030- 15 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2020
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 obligations
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- 16 -

Fiscal year ended
March 31, 2021

2,089
350
–
34

2,513
326
42
57

111

(45)

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

(115)
48
(18)
(7)
10
(2,726)
2,019
(114)
512
(26)
(54)
42
2,462
115
(46)
(941)
1,589

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

(53)
2
(42)
17
(64)
(141)

619
(600)
(119)
(299)
(545)
(945)

339
–
(112)
(0)
(536)
(309)

(45)

(77)

2,047
9,521
11,568

1,061
11,568
12,629

VIII. Corporate Data
Company Information (as of March 31, 2021)
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
1,043 (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, 2021)
Chairman and Representative Director
President and Representative Director
Director and Senior Managing Executive Officer
Director and Executive Officer
Director and Executive Officer
Director and Executive Officer
External Director
External Director
Director(Full-time Member ofthe Audit and Supervisory Committee)
External Director(Member of the Audit and Supervisory Committee)
External Director(Member of the Audit and Supervisory Committee)
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Sei Yamamoto
Hiroyuki Tanaka
Shoichiro Mine
Akihiro Matsuo
Hideaki Uesaka
Takashi Hirano
Masanori Aoki
Ichiro Kusanagi

Kazuya Hanayama
Yasuo Nakamura
Satoru Ueno
Kenji Takamatsu
Kazuhiko Miyazaki
Youichi Echigo
Katsuya Tamaki
Katsuyuki Nishida- 17 -

Stock Information (as of March 31, 2021)
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
4,561

Number of shares held(Thousands)

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

877
797
729
694
690
498
435
397
395
395

Share-holding ratio(excluding treasury
shares)
(%)
5.56
5.05
4.62
4.39
4.37
3.15
2.76
2.51
2.50
2.50

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, 2021

- 19 -