Shibaura Electronics : Summary of Consolidated Financial Results for Q1/FY2023（513KB）

Consolidated Financial Results

for the Three Months Ended June 30, 2023

[Japanese GAAP]

August 7, 2023

Company name: Shibaura Electronics Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange

Code number: 6957

URL: https://www.shibaura-e.co.jp

Representative: Akira Kasai, President & Chief Executive Officer

Contact: Yukihide Hoshinoya, Executive Officer, General Manager of Administrative Department

Phone: [phone]

Scheduled date for filing quarterly securities report: August 8, 2023

Scheduled date for commencing dividend payments: －

Availability of supplementary briefing material on quarterly financial results: No

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)

(1) Consolidated operating results

(% indicates changes from the previous corresponding period.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Three months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

June 30, 2023

7,891

(1.5)

1,290

(7.5)

1,353

(8.1)

872

(6.5)

June 30, 2022

8,012

3.9

1,395

0.4

1,472

2.9

933

(2.7)

(Note) Comprehensive income: Three months ended June 30, 2023: ¥1,141 million [(28.6)%]

Three months ended June 30, 2022: ¥1,598 million [23.5%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

June 30, 2023

114.86

－

June 30, 2022

121.47

－

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

As of June 30, 2023

Million yen

Million yen

%

40,778

31,638

77.5

As of March 31, 2023

40,930

31,783

77.5

(Reference) Equity:

As of June 30, 2023:

¥31,593 million

As of March 31, 2023:

¥31,739 million

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

－

0.00

－

200.00

200.00

Fiscal year ending March 31, 2024

－

Fiscal year ending March 31, 2024

0.00

－

220.00

220.00

(Forecast)

(Note) Revision to the dividend forecast announced most recently: No

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3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating income	Ordinary income	Net income attributable	Basic earnings
		to owners of parent	per share
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
First half	16,000	(2.3)	2,600	(0.2)	2,600	(6.7)	1,850	1.1	241.81
Full year	33,500	0.9	5,500	0.7	5,500	(2.1)	3,900	1.8	509.77

(Note) Revision to the financial results forecast announced most recently: No

Notes:

1. Changes in significant subsidiaries during the period under review: No

(Changes in specified subsidiaries resulting in changes in scope of consolidation)

Newly included: -

Excluded: -

1. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No
2. Changes in accounting policies, changes in accounting estimates and restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Restatement: No
4. Total number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2023:	7,779,865 shares
March 31, 2023:	7,779,865 shares

2) Total number of treasury shares at the end of the period:

June 30, 2023:	147,511 shares
March 31, 2023:	191,700 shares

3) Average number of shares during the period:

Three months ended June 30, 2023: 7,599,191 shares

Three months ended June 30, 2022: 7,688,270 shares

Note: The Company has introduced the Board Incentive Plan (BIP Trust). Shares of the Company held in the Trust are included in treasury shares to be deducted for the calculation of the "total number of treasury shares at the end of the period" and the "average number of shares during the period."

• These quarterly financial results are outside the scope of quarterly review by certified public accountants or an audit firm.
• Explanation of the proper use of the financial results forecast and other notes

･The earnings forecasts and other forward-looking statements herein are based on certain information available to the Company as of the date of publication of this document and on certain assumptions deemed reasonable. As such, it is not a commitment made by the Company to achieve them and actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions used as the basis for the financial results forecast and notes on the use of the forecast, please refer to "1. Qualitative Information on Quarterly Financial Results for the Period under Review (3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Statements" on page 3 of the appendix to this report. (Available only in Japanese)

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