Toyo Gosei : FY2022 Financial Summary (from April 1, 2022 to March 31, 2023)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 12, 2023

	Non-consolidated Financial Results
	for the Fiscal Year Ended March 31, 2023
	(Under Japanese GAAP)
Company name:	TOYO GOSEI Co., Ltd.
Listing:	Tokyo Stock Exchange, Standard Market
Securities code:	4970
URL:	https://www.toyogosei.co.jp/
Representative:	Yujin Kimura, President and Representative Director
Inquiries:	Shiro Shinozaki, General Manager of Financial and Accounting Department
Telephone:	[phone]

Scheduled date of annual general meeting of shareholders:	June 23, 2023
Scheduled date to commence dividend payments:	June 26, 2023
Scheduled date to file annual securities report:	June 26, 2023
Preparation of supplementary material on financial results:	Yes
Holding of financial results briefing:	Yes (for institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Non-consolidated operating results						(Percentages indicate year-on-year changes.)
	Net sales			Operating profit	Ordinary profit			Profit
Fiscal year ended	Millions of yen		%	Millions of yen		%	Millions of yen	%		Millions of yen		%
March 31, 2023	34,156		3.1	4,968			7.4		5,122	6.8			3,827		10.7
March 31, 2022	33,144		－	4,624			57.3		4,794	60.7			3,457		47.4
	Basic earnings		Diluted earnings		Return on equity		Ratio of ordinary	Ratio of operating
	per share			per share				profit to total assets	profit to net sales
Fiscal year ended		Yen		Yen				%				%		%
March 31, 2023	482.21		－			21.4			10.5			14.5
March 31, 2022	435.61		－			24.0			10.6			14.0
(2) Non-consolidated financial position
	Total assets	Net assets		Equity-to-asset ratio		Net assets per share
As of	Millions of yen	Millions of yen				%					Yen
March 31, 2023			51,105				19,641				38.4				2,474.74
March 31, 2022			46,886				16,061				34.3				2,023.66
Reference: Equity
As of March 31, 2023:			¥19,641 million
As of March 31, 2022:			¥16,061 million
(3) Non-consolidated cash flows
	Cash flows from	Cash flows from	Cash flows from			Cash and cash
		equivalents at end of
	operating activities	investing activities	financing activities
			period
Fiscal year ended	Millions of yen	Millions of yen			Millions of yen			Millions of yen
March 31, 2023			3,659				(3,274)				(406)				3,252
March 31, 2022			5,808				(3,415)				(2,563)				3,269

2. Cash dividends

		Annual dividends per share		Total cash		Ratio of
	First	Second	Third	Fiscal	Total	dividends	Payout ratio	dividends to
	quarter-end	quarter-end	quarter-end	year-end	(Total)		net assets
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Fiscal year ended	－	15.00	－	15.00	30.00	238	6.9	1.7
March 31, 2022
Fiscal year ended	－	20.00	－	20.00	40.00	317	8.3	1.8
March 31, 2023
Fiscal year ending		20.00		20.00	40.00		19.8
March 31, 2024	－	－
(Forecast)

3. Forecast of financial results for the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit		Basic earnings
			per share
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
First half	16,000		(8.9)	1,300	(54.4)	1,250	(61.9)	800	(64.4)	100.79
Full year	34,500		1.0	2,600	(47.7)	2,500	(51.2)	1,600	(58.2)	201.59

* Notes

1. Changes in accounting policies, changes in accounting estimates, and restatement
2. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
3. Number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2023	8,143,390 shares
As of March 31, 2022	8,143,390 shares

(ii) Number of treasury shares at the end of the period

As of March 31, 2023	206,467 shares
As of March 31, 2022	206,467 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended March 31, 2023	7,936,923 shares
Fiscal year ended March 31, 2022	7,936,995 shares

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.