Translation

Consolidated Financial Results
for the the Fiscal Year Ended December 31, 2023
(Japanese GAAP)
February 7, 2024
Company name:
Stock exchange listing:Code Number:
URL:
Representative:
Contact:

DAITRON CO., LTD.
TSE Prime Market7609
https://www.daitron.co.jp/en/
Shinsuke Tsuchiya, President, CEO & COO
Hajimu Mouri, Senior Managing Director & Representative Director,Senior Managing Corporate Officer & Division Manager-Business Administration
Tel: +81-6-6399-5041
Scheduled date of General Shareholders Meeting:March 28, 2024
Scheduled date of commencing dividend payment: March 29, 2024Scheduled date of filing securities report:
March 29, 2024
Support explanatory material for financial results:
Yes
Explanatory meeting for financial results:
Yes (for institutional investors and analysts)(Figures less than a million yen are rounded down.)

1. Consolidated financial results for the the fiscal year (January 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Net sales
Fiscal 2023
Fiscal 2022

Fiscal 2023
Fiscal 2022

Million yen
92,156
87,639Ordinary income

Operating income%
5.2
21.1

Net income attributable toowners of parent
Million yen%
4,014
(5.3)
4,237
43.5

Million yen
5,943
6,051%(1.8)
44.2

Million yen
6,015
6,210%(3.1)
43.6

Diluted net income
per share
Yen－－

Net income per shareYen
361.65381.78(Note) Comprehensive income: Fiscal 2023: 4,762 million yen / 9.1% Fiscal 2022: 4,363 million yen / 29.6%(Note) Diluted net income per share is not presented because there were no dilutive shares.

Ordinary income
to total assets (%)

Return on equity (%)%

Operating income
to net sales (%)%

Fiscal 2023
14.5
9.2
Fiscal 2022
17.5
10.2
(Reference) Equity in earnings(losses) of affiliates: Fiscal 2023: －million yen%
6.4
6.9
Fiscal 2022: －million yen(2) Consolidated Financial Position
Total assets

Fiscal 2023
Fiscal 2022

Million yen
67,78863,202

Net assets
Million yen
29,451
26,012(Reference) Shareholder’s equity: Fiscal 2023: 29,428 million yen

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Shareholders’equity ratio

Net assets
per share%

43.4
41.1

Yen
2,650.52
2,342.79

Fiscal 2022: 26,006 million yen

(3)Consolidated Cash Flows

Fiscal 2023
Fiscal 2022

Cash flows fromoperating activities
Million yen
315
(275)

Cash flows frominvesting activities
Million yen
(627)
(237)

Cash flows fromfinancing activities
Million yen(1,501)(1,004)

Period-end cash andcash equivalents
Million yen
11,224
12,882

2. Dividends
1Q endAnnual dividends
3Q end2Q endFiscal end

Total

yen
－

yen
45.00

yen－

yen

yen

Fiscal 2022

70.00

115.00Fiscal 2023

－

50.00

－

70.00

120.00Fiscal 2024
(forecast)

－

50.00

－

70.00

120.00

Payout ratio(consolidated)

Total dividends
Million yen
1,276
1,332

Fiscal 2022
Fiscal 2023

Dividends to net assets(consolidated)%
30.1
33.2

Fiscal 2024
(forecast)

%
5.3
4.8

33.3

3. Consolidated Forecasts for Fiscal 2024 (January 1, 2024 to December 31, 2024)(Percentages indicate year-on-year changes.)

2Q (accum.)
Full year

Net sales

Operatingincome

Ordinary income

Million yen %43,000 (6.2)
92,500 0.4

Million yen %2,200 (36.7)
6,0000.9

Million yen %2,200 (37.8)
6,000 (0.3)

Net income
attributable toowners of parent
Million yen %1,450 (38.5)
4,000 (0.4)

Net incomeper shareYen
130.59360.26* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change inscope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies associated with the revisions of accounting standards, etc: None(ii) Changes in accounting policies other than above (i): None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of period (including treasury shares)
Fiscal 2023 : 11,155,979 sharesFiscal 2022 : 11,155,979 shares(ii) Number of treasury shares at the end of period
Fiscal 2023 :
52,917 sharesFiscal 2022 :
55,427 shares(iii) Average number of shares during the period
Fiscal 2023 : 11,101,900 sharesFiscal 2022 : 11,099,257 shares

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(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal 2023 (Jan. 1, 2023 to Dec. 31, 2023)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes.)

Fiscal 2023
Fiscal 2022

Net sales
Million yen
83,38579,669Fiscal 2023
Fiscal 2022

Net income
Million yen
4,055
3,754%
4.7
18.5

Operating income
Million yen
%
5,159
7.6
4,795
42.5

Ordinary income
Million yen%
5,781
7.5
5,375
47.9%
8.0
50.3

Net income per share
Yen
365.27338.28

Diluted net income per share
Yen－－(Note) Diluted net income per share is not presented because there were no potential shares.

(2) Non-consolidated Financial Position
Total assets

Fiscal 2023
Fiscal 2022

Million yen
62,69058,704

Net assets
Million yen
26,46823,540Shareholders’equity ratio

Net assets
per share%
42.2
40.1

Yen
2,383.92
2,120.71(Reference) Shareholders’ equity: Fiscal 2023 : 26,468 million yen Fiscal 2022 : 23,540 million yen* Financial result reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Explanations on appropriate use of the forecasts and other special comments[Note for statements concerning the future, etc.]
The business forecasts are made based on certain information currently available to and judged
reasonable by the Company, but not what the Company is committed to attaining. The actual results
may differ greatly depending on various factors.

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