Suzuden : 2023年３月期 決算短信〔日本基準〕(連結) (英文)

Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2023

[Japanese GAAP]

May 8, 2023

Company name: SUZUDEN CORPORATION

Stock exchange listing: Tokyo Stock Exchange

Securities code: 7480

URL: https://www.suzuden.co.jp/

Representative: Toshio Suzuki, Representative Director, Chairman and President

Contact: Satoshi Nakano, Executive Officer

Phone: [phone]

Scheduled date of annual general meeting of shareholders: June 29, 2023

Scheduled date of commencing dividend payments: June 13, 2023

Scheduled date of filing annual securities report: June 30, 2023

Availability of supplementary briefing materials on financial results: Not available

Schedule of financial results briefing session: Not scheduled

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

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 - March 31, 2023)

(1) Consolidated Operating Results		(% indicates changes from the previouscorresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
	Fiscal year ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
	March 31, 2023	67,439	13.0	4,399	44.1	4,756	41.3	3,309	41.3
	March 31, 2022	59,690	-	3,051	129.1	3,367	115.5	2,342	163.4

(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥3,374 million [46.3%]
	Fiscal year ended March 31, 2022: ¥2,306 million [144.1%]
	Basic earnings	Diluted		Return on	Ratio of	Ratio of
	earnings		ordinary profit	operating profit
	per share		equity
	per share		to total assets	to net sales
Fiscal year ended	Yen		Yen	%	%	%
March 31, 2023	236.74		-	18.3	14.4	6.5
March 31, 2022	167.82		-	13.8	11.4	5.1

(Reference) Share of profit (loss) of entities accounted for using equity method: Fiscal year ended March 31, 2023: ¥ - million Fiscal year ended March 31, 2022: ¥ - million

(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ended March 31, 2022. For this reason, the year-on-year change in net sales before the application of the above accounting standard, etc. is not provided.

(2) Consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2023	33,370	18,610	55.8	1,329.89
As of March 31, 2022	32,736	17,627	53.8	1,261.67

(Reference) Equity: As of March 31, 2023: ¥18,610 million As of March 31, 2022: ¥17,627 million

(3) Consolidated Cash Flows

	Cash flows from	Cash flows from
	operating activities	investing activities
Fiscal year ended	Million yen	Million yen
March 31, 2023	2,897	(897)
March 31, 2022	426	(696)

Cash flows from

financing activities

Million yen

(2,085)

497

Cash and cash

equivalents at end of

period

Million yen

6,068

6,137

2. Dividends

		Annual dividends			Total			Ratio of
							Payout ratio		dividends to
	1st	2nd	3rd	Year-			dividends
	Total		(consolidated)		net assets
	quarter-	quarter-	quarter-	end		(total)
	end	end	end						(consolidated)
Fiscal year ended	Yen	Yen	Yen	Yen	Yen		Million yen	%	%
-	25.00	-	97.00	122.00	1,717	72.7	10.0
March 31, 2022
Fiscal year ended	-	76.00	-	114.00	190.00	2,676	80.3	14.7
March 31, 2023
Fiscal year ending
March 31, 2024	-	53.00	-	61.00	114.00			-
(Forecast)

(Note) Revision to the forecast for dividends announced most recently: Yes

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

(% indicates changes from the previous corresponding period.)

							Profit attributable	Basic earnings
	Net sales	Operating profit	Ordinary profit	to owners of
	per share
							parent
First half	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
26,000	(21.5)	1,250	(42.9)	1,410	(40.9)	910	(43.1)	65.10
Full year	55,400	(17.9)	2,710	(38.4)	3,060	(35.7)	1,980	(40.2)	141.64

* Notes:

1. Changes in significant subsidiaries during the period under review: None (Changes in specified subsidiaries resulting in changes in scope of consolidation):

Newly included: - (

), Excluded: - (

)

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards and other regulations: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Retrospective restatement: None
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

March 31, 2023:	14,652,600 shares
March 31, 2022:	14,652,600 shares
2) Total number of treasury shares at the end of the period:
March 31, 2023:	658,387 shares
March 31, 2022:	681,287 shares
3) Average number of shares during the period:
Fiscal year ended March 31, 2023:	13,979,305 shares
Fiscal year ended March 31, 2022:	13,956,612 shares

(Reference) Summary of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 - March 31, 2023)

(1) Non-consolidated Operating Results		(% indicates changes from the previouscorresponding period.)
		Net sales		Operating profit		Ordinary profit	Net income
	Fiscal year ended	Million yen	%	Million yen	%		Million yen	%	Million yen	%
	March 31, 2023	67,358	14.0	4,446	46.5	4,847	44.0	3,432	51.5
	March 31, 2022	59,110	-	3,035	125.9	3,367	113.3	2,265	120.9
		Basic earnings	Diluted earnings
		per share		per share
	Fiscal year ended		Yen		Yen
	March 31, 2023	245.55		-
	March 31, 2022	162.32		-

(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29), etc. from the beginning of the fiscal year ended March 31, 2022. For this reason, the year-on-year change in net sales before the application of the above accounting standard, etc. is not provided.

(2) Non-consolidated Financial Position

	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2023	33,337	18,591	55.8	1,328.48
As of March 31, 2022	32,521	17,449	53.7	1,248.94

(Reference) Equity: As of March 31, 2023: ¥18,591 million As of March 31, 2022: ¥17,449 million

• These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
• Explanation on the proper use of financial results forecasts and other special notes

The financial results forecasts and other forward-looking statements herein are based on information currently available to the Company and certain assumptions that have been deemed reasonable. They do not constitute a guarantee of future results. Actual performance may differ significantly from these forecasts due to a wide range of factors. For assumptions underlying the financial results forecasts and precautions regarding their use, please refer to "1. Overview of Operating Results, etc., (4) Future Outlook" on page 4 of the Attachments.

Table of Contents - Attachments
1. Overview of Operating Results, etc	2
(1)	Overview of Operating Results for the Fiscal Year under Review	2
(2)	Overview of Financial Position for the Fiscal Year under Review	3
(3)	Overview of Cash Flows for the Fiscal Year under Review	3
(4)	Future Outlook	4
(5)	Company's Medium- to Long-Term Management Strategies	4
2. Basic Policy on Selection of Accounting Standards	5
3. Consolidated Financial Statements and Principal Notes	6
(1)	Consolidated Balance Sheets	6
(2)	Consolidated Statements of Income and Comprehensive Income	8
(3)	Consolidated Statements of Changes in Equity	10
(4)	Consolidated Statements of Cash Flows	12
(5)	Notes to Consolidated Financial Statements	13
	(Notes on going concern assumption)	13
	(Changes in accounting policies)	13
	(Additional information)	13
	(Segment information, etc.)	14
	(Per share information)	16
	(Significant subsequent events)	16
4. Others	17
(1)	Purchases and Sales	17
(2)	Changes in Officers	17

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