DaikyoNishikawa : Presentation Material for Financial Results Ended March 31, 2023

Consolidated Financial Results

Ended March 31, 2023

DaikyoNishikawa Corporation

May, 2023

©DaikyoNishikawa Corporation All rights reserved.

Table of Contents

1.	Financial Results for Fiscal 2022	Page 2
2.	Key Initiatives to Achieve the Medium-Term
	Management Plan	Page 8
3.	Financial Forecasts for Fiscal 2023	Page 28

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P.1

1.	Financial Results for Fiscal 2022	Page 2
2.	Key Initiatives to Achieve the Medium-Term
	Management Plan	Page 8
3.	Financial Forecasts for Fiscal 2023	Page 28

©DaikyoNishikawa Corporation All rights reserved.

P.2

Summary of Consolidated Financial Results for FY2022 (Year- on-Year)

• Net sales increased due to a recovery in customer production volume and the shift of surging raw material and energy costs to prices, despite the impact of the global semiconductor shortage and other factors.
• Operating income increased due to the impact of increased sales, the reduction of all expenses, and the implementation of cost improvement activities, despite the timing delay in the start of two-shift production at the new U.S. plant.

						(Millions of yen)
		Financial results for the	Financial results for the
		year ended March 31,	year ended March 31,	Changes (YonY)	Changes (%)
		2022	2023
	Net sales	116,669	145,744	29,075	24.9%
	Operating income	-2,632	3,453	6,086	-
	Ordinary income	-985	2,864	3,850	-
	Net income attributable	-2,085	518	2,604	-
	to owners of parent
	Net income per	-29.37 yen	7.30 yen	36.67 yen	-
	share

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P.3

Net Sales Increase/Decrease Factors

(Millions of yen)	• Development costs incurred	• Increase in depreciation
6,000
	expenses due to the start of
	in the previous fiscal year at
		mass production at the new
		the new U.S. plant
		U.S. plant
5,000

4,000						765	-653	-371
									-248
3,000	• Impact of increased sales due to	1,846
higher production volume
2,000										3,453
				• Increase in production and
1,000					operation efficiency
				• Energy conservation activities
0
4,746

-1,000

-2,000

-3,000

-2,632

Operating income for Volume and product Cost improvement	Launch cost	Depreciation	Exchange rate	Other costs	Operating income for
FY2021	mix		expenses	fluctuations		FY2022

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P.4