Ryoden : Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

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Consolidated Financial Results

for the Fiscal Year Ended March 31, 2023

[Japanese GAAP]

May 10, 2023

Company name: RYODEN CORPORATION

Stock exchange listing: Tokyo Stock Exchange

Code number: 8084

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

Representative: Katsuyuki Tomizawa, President & CEO

Contact: Hirozou Tomomori, General Manager, General Affairs Department

Phone: [phone]

Scheduled date of Annual General Meeting of Shareholders: June 23, 2023

Scheduled date of filing annual securities report: June 23, 2023

Scheduled date of commencing dividend payments: June 2, 2023

Availability of supplementary briefing material on annual financial results: Yes

Schedule of annual financial results briefing session: Yes (for institutional investors and securities analysts) (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 to March 31, 2023)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
Net sales		Operating profit		Ordinary profit		Profit attributable to
			owners of parent
Million yen	%	Million yen	%	Million yen	%	Million yen	%

Fiscal year ended	260,303	13.6	9,380	32.8	9,077	24.6
March 31, 2023
Fiscal year ended	229,126	16.4	7,062	106.7	7,285	99.4
March 31, 2022

(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥6,499 million [8.0%] Fiscal year ended March 31, 2022: ¥6,020 million [70.9%]

5,366 7.2

5,004 113.6

	Profit per share	Diluted profit per	Return on equity
	share
	Yen	Yen	%
Fiscal year ended	245.93	244.73	7.0
March 31, 2023
Fiscal year ended	229.99	228.70	6.9
March 31, 2022

(Reference) Share of profit (loss) of entities accounted for using equity method: Fiscal year ended March 31, 2023: (¥39 million)

Fiscal year ended March 31, 2022: ¥80 million

Ordinary profit	Operating profit
to total assets	to net sales
%	%
6.2	3.6
5.5	3.1

(2) Consolidated Financial Position
	Total assets	Net assets	Equity ratio	Net assets per share
	Million yen	Million yen	%	Yen
As of March 31, 2023	151,049	79,898	52.8	3,652.29
As of March 31, 2022	140,970	74,766	52.9	3,427.24

(Reference) Equity: As of March 31, 2023: ¥79,766 million As of March 31, 2022: ¥74,587 million

(3) Consolidated Cash Flows
	Net cash provided by	Net cash provided by	Net cash provided by	Cash and cash
	(used in)	(used in)	(used in)	equivalents at end of
	operating activities	investing activities	financing activities	period
		Million yen		Million yen		Million yen	Million yen
Fiscal year ended		(199)		(1,251)		(115)		11,091
March 31, 2023
Fiscal year ended		(7,623)		(1,326)		(883)		11,577
March 31, 2022
2. Dividends
		Annual dividends		Total	Payout	Dividends
						to net
	1st	2nd	3rd			ratio
	Year-end	Total	dividends	assets
	quarter-endquarter-endquarter-end	(consolidated)
								(consolidated)
	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
Fiscal year ended	―	28.00	―	30.00	58.00	1,262	25.2	1.7
March 31, 2022
Fiscal year ended	―	33.00	―	41.00	74.00	1,616	30.1	2.1
March 31, 2023
Fiscal year ending
March 31, 2024	―	40.00	―	40.00	80.00		36.4
(Forecast)

(Notes) 1. Breakdown of year-end dividends for the fiscal year ended March 31, 2022 Ordinary dividend: ¥28.00

Commemorative dividend: ¥2.00

2. The dividend forecast announced on October 28, 2022 has been revised. For details, please refer to the "Notice Regarding Revision of Dividend Forecast" announced today.

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 profit	Ordinary profit	Profit attributable	Profit per share
		to owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
First half	128,000	0.8	3,400	(28.6)	3,400	(27.9)	2,200	(30.6)	100.82
Full year	263,000	1.0	7,000	(25.4)	7,000	(22.9)	4,800	(10.6)	219.97

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* Notes:

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
4. Total number of issued shares (common stock)
5. 1. Total number of issued shares at the end of the period (including treasury stock):

March 31, 2023: 22,824,977 shares

March 31, 2022: 22,824,977 shares

1. Total number of treasury stock at the end of the period: March 31, 2023: 984,827 shares
   March 31, 2022: 1,061,811 shares
2. Average number of shares during the period:

Fiscal year ended March 31, 2023: 21,821,072 shares

Fiscal year ended March 31, 2022: 21,758,716 shares

(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to
March 31, 2023)
(1) Non-consolidated Operating Results		(% indicates changes from the previous corresponding period.)
Net sales		Operating profit		Ordinary profit	Profit
Million yen	%	Million yen	%	Million yen	% Million yen	%

Fiscal year ended March 31, 2023

Fiscal year ended March 31, 2022

233,010	15.4	8,310	41.3	8,512	37.8	5,002	17.1
201,988	14.8	5,881	100.8	6,175	88.1	4,271	104.9
Profit per share		Diluted profit per share
		Yen			Yen

Fiscal year ended	229.23
March 31, 2023
Fiscal year ended	196.30
March 31, 2022
(2) Non-consolidated Financial Position
	Total assets	Net assets
	Million yen	Million yen
As of March 31, 2023	136,011	69,902
As of March 31, 2022	129,610	65,923

(Reference) Equity: As of March 31, 2023: ¥69,772 million As of March 31, 2022: ¥65,744 million

228.11

195.20

Equity ratio	Net assets per share
%	Yen
51.3	3,194.71
50.7	3,020.90

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

The statements concerning future performance presented in this document are prepared based on currently available information and certain preconditions which the Company believes to be reasonable at this time. Actual results may be different from any projections presented herein due to various factors.

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(How to obtain supplementary briefing material on financial results)

A briefing session for institutional investors and analysts is scheduled to be held on Tuesday, May 23, 2023. The briefing material on financial results to be used on the day will be posted on the Company's website after the session.

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Consolidated Financial Statements

(1) Consolidated Balance Sheets

Assets

Current assets

Cash and deposits

Notes and accounts receivable - trade, and contract assets

Electronically recorded monetary claims - operating Securities

Merchandise and finished goods Other

Allowance for doubtful accounts Total current assets

Non-current assets

Property, plant and equipment Buildings and structures

Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation

Machinery, equipment and vehicles, net Tools, furniture and fixtures

Accumulated depreciation Tools, furniture and fixtures, net

Land

Construction in progress

Total property, plant and equipment Intangible assets

Software Other

Total intangible assets Investments and other assets Investment securities

Long-term prepaid expenses Deferred tax assets

Other

Allowance for doubtful accounts Total investments and other assets

Total non-current assets Deferred assets

Total assets

	(Million yen)
As of March 31, 2022	As of March 31, 2023
11,587	11,632
51,474	58,516
21,992	21,307
52	168
32,850	37,879
8,163	6,851
(27)	(29)
126,093	136,326
2,658	4,038
(1,982)	(2,098)
675	1,939
676	1,159
(422)	(488)
254	671
1,182	1,235
(945)	(1,015)
236	220
2,597	2,595
―	11
3,764	5,438
752	759
54	157
806	917
7,305	6,367
124	160
453	356
2,705	1,724
(281)	(248)
10,306	8,359
14,877	14,715
―	7
140,970	151,049

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