Toyo Gosei : FY2022 3Q Financial Summary (from April 1, 2022 to December 31, 2022)

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.

February 10, 2023

Non-consolidated Financial Results

for the Third Quarter of the Fiscal Year Ending 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 to file quarterly securities report:	February 13, 2023
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:	None

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

1. Non-consolidated financial results for the Third quarter of the fiscal year ending March 31, 2023 (from April 1, 2022 to December 31, 2022)

(1) Non-consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
	Net sales		Operating profit	Ordinary profit	Profit
Nine months ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen	%
December 31, 2022	25,747		7.8	3,812		14.7	4,026	20.5	2,745	19.9
December 31, 2021	23,873		-	3,323		55.3	3,342	60.2	2,289	62.1
	Basic earnings	Diluted earnings
	per share		per share
Nine months ended			Yen			Yen
December 31, 2022			345.87			-
December 31, 2021			288.40			-
(2) Non-consolidated financial position
	Total assets	Net assets		Equity-to-asset ratio
As of	Millions of yen	Millions of yen		%
December 31, 2022			48,431			18,570		38.3
March 31, 2022			46,886			16,061		34.3
Reference: Equity
As of December 31, 2022:	¥18,570 million
As of March 31, 2022:		¥16,061 million

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end		Fiscal year-end	Total
	Yen	Yen	Yen		Yen	Yen
Fiscal year ended	-	15.00	-		15.00	30.00
March 31, 2022
Fiscal year ending	-	20.00	-
March 31, 2023
Fiscal year ending
March 31, 2023					20.00	40.00
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of financial results for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(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
Full year	35,000		5.6	5,150	11.4	5,000		4.3	3,500	1.2	440.98

Note: Revisions to the forecast of cash dividends most recently announced: None

* Notes

1. Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements: None
2. Changes in accounting policies, changes in accounting estimates, and restatement
3. 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
4. Number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares)

As of December 31, 2022

As of March 31, 2022

8,143,390 shares

8,143,390 shares

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

As of December 31, 2022

As of March 31, 2022

206,467 shares

206,467 shares

1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2022

Nine months ended December 31, 2021

7,936,923 shares

7,937,015 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.