Gunze : Consolidated Financial Results of FY2022

Business Report

Consolidated Financial Statements

for FY2022

(Ending March 31, 2023)

GUNZE LIMITED

TSE Prime (Code:3002)

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Contents

• Consolidated Financial Statements for FY2022

• Forecast for FY2023

• Progress of Medium-Term Management Plan VISION2030 stage1
• Strategies for Main Businesses to Achieve VISION2030 stage1

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Ⅰ． Consolidated Financial Statements

for FY2022

(Ending March 31, 2023)

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I-1. Consolidated Financial Statements for FY2022

	Consolidated operating results						(Millions of yen)
		FY2022		FY2021	Y over Y	FY2022	Achievement
		Bottom			Bottom	Increase	Change	Forecast	(%)
		profit margin	profit margin
		(Decrease)	(%)
	Net sales	136,030		124,314	11,715	9.4	136,000	100.0
	Operating profit	5,812		4,880	932	19.1	6,000	96.9
	4.3%		3.9%
	Ordinary profit	6,021		5,399	621	11.5	6,000	100.4
	4.4%		4.3%
	Profit attributable to	4,501		2,939	1,561	53.1	3,700	121.6
	owners of parent	3.3%		2.4%
	Consolidated financial position
		FY2022			FY2021		Increase
					(Decrease)
	Total assets	165,927			158,216		7,710
	Net assets	115,757			112,903		2,854
	Equity ratio	69.8%			71.4%		(1.6%)
	Interest-bearing	15,426			11,029		4,397
	debt
	BPS (JPY)	6,789.78			6,535.42		254.36			4

I-2. FY2022 Segment Summary (1)

(April 1, 2022 - March 31, 2023)

In the first year of the "VISION2030 Stage 1" medium-term management plan, net sales and operating profit increased in all segments. However, the company was affected by external factors such as sharp currency fluctuations and rising raw material and fuel prices, etc.

Operating profit fell short of the full-year forecast, but other targets exceeded it.

New Initiatives

Plastic films: Resource Recycling Project

Engineering plastics: Development of new applications

Medical: Expansion of medical business

Business Restructuring

Electronic components: Transferd of the film division

Legwear: End of production at China plant

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