Tomen Devices : ［Delayed］Summary of Consolidated Financial Results for the Year Ended March 31, 2022

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Year Ended March 31, 2022

(Based on Japanese GAAP)

Company name: TOMEN DEVICES CORPORATION

Stock exchange listing: Tokyo

April 26, 2022

Scheduled date of ordinary general meeting of shareholders:	June 23, 2022
Scheduled date to file Securities Report:	June 24, 2022
Scheduled date to commence dividend payments:	June 24, 2022
Preparation of supplementary material on financial results:	Yes
Holding of financial results meeting:	Yes

Stock code:	2737 URLhttps://www.tomendevices.co.jp
Representative:	President Ichiro Tsumaki
Inquiries:	General manager,Accounting Department Hideki Hara	TEL [phone]
(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Consolidated operating results

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 462,822 302,385	% 53.1 16.1	Millions of yen 10,629 4,997	% 112.7 10.4	Millions of yen 8,478 4,561	% 85.9 4.3	Millions of yen 6,379 3,446	% 85.1 1.9

Note: Comprehensive income

Year ended March 31, 2021

Year ended March 31, 2022

¥7,864 million [115.3%] ¥3,653 million [13.2%]

Earnings per share	Profit attributable to owners of parent/equity	Ordinary profit/total assets	Operating profit/net sales
Year ended March 31, 2022 Year ended March 31, 2021	Yen 938.04 506.68	% 18.0 10.8	% 7.2 4.3	% 2.3 1.7

Reference: Share of profit (loss) of entities accounted for using equity method	Year ended March 31, 2022	¥39 million
Year ended March 31, 2021	¥15 million
(2) Consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2022 As of March 31, 2021	Millions of yen 116,990 119,889	Millions of yen 39,364 32,801	% 33.0 26.8	Yen 5,673.96 4,729.45

Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 5,896 (11,583)	Millions of yen (183) (30)	Millions of yen (7,597) 11,296	Millions of yen 8,216 9,550

Reference: Equity	As of March 31, 2022	¥38,589 million
As of March 31, 2021	¥32,166 million
1

(3) Consolidated cash flows

2. Cash dividends

Annual dividends per share	Total cash dividends (Total)	Dividend payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
Year ended March 31, 2021 Year ended March 31, 2022	Yen - -	Yen 0.00 0.00	Yen - -	Yen 170.00 300.00	Yen 170.00 300.00	Millions of yen 1,156 2,040	% 33.6 32.0	% 3.6 5.8
Year ending March 31, 2023 (Forecast)	-	0.00	-	300.00	300.00	37.1

3. Forecast of consolidated financial results for the 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 attributable to owners of parent	Earnings per share
Full year	Millions of yen 440,000	% (4.9)	Millions of yen 7,700	% (27.6)	Millions of yen 7,000	% (17.4)	Millions of yen 5,500	% (13.8)	Yen 808.69

4. Notes

• (1) Changes in significant subsidiaries during the year ended March 31, 2022

  No

  (changes in specified subsidiaries resulting in the change in scope of consolidation):

• (2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:	Yes
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2022 6,802,000 shares

As of March 31, 2021 6,802,000 shares

As of March 31, 2022

6,802,000 shares As of March 31, 2021

6,8

Number of treasury shares at the end of the period

As of March 31, 2022 935 shares

As of March 31, 2021 774 shares

935 shares As of March 31, 2021

As of March 31, 2022

774 share

Average number of shares during the period

Year ended March 31, 2022 6,801,137 shares

Year ended March 31, 2021 6,801,264 shares

Year ended March 31, 2022 6,801,137 shares Year ended March 31

Reference: Summary of non-consolidated financial results

1. Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)

(1) Non-consolidated operating results

Percentages indicate year-on-year changes

Net sales	Operating profit	Ordinary profit	Profit
Year ended March 31, 2022 Year ended March 31, 2021	Millions of yen 219,666 146,349	% 50.1 19.5	Millions of yen 4,880 1,983	% 146.1 38.0	Millions of yen 3,451 1,641	% 110.3 37.4	Millions of yen 2,394 1,117	% 114.2 36.3

Earnings per share
Year ended March 31, 2022 Year ended March 31, 2021	Yen 352.02 164.32

(2) Non-consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
As of March 31, 2022 As of March 31, 2021	Millions of yen 98,659 82,879	Millions of yen 27,056 25,990	% 27.4 31.4	Yen 3,978.21 3,821.44

Reference: Equity	As of March 31, 2022	¥27,056 million
As of March 31, 2021	¥25,990 million

* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

* Proper use of forecasts of financial results, and other special matters

The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual business and other results may differ substantially due to various factors.

Consolidated financial statements Consolidated balance sheets

(Millions of yen)
As of March 31, 2021	As of March 31, 2022
Assets Current assets Cash and deposits Notes and accounts receivable - trade Electronically recorded monetary claims - operating Merchandise Advance payments to suppliers Deposits paid Other Allowance for doubtful accounts	3,197 58,070 3,958 43,921 1,558 6,352 1,296 (69)	6,713 58,574 7,099 40,163 208 1,503 809 (72)
Total current assets	118,286	114,998
Non-current assets Property, plant and equipment Buildings Accumulated depreciation	114 (92)	115 (95)
Buildings, net	22	20
Other Accumulated depreciation	152 (102)	514 (135)
Other, net	50	379
Total property, plant and equipment	73	399
Intangible assets Investments and other assets Investment securities Deferred tax assets Other	143 833 400 151	82 760 565 183
Total investments and other assets	1,385	1,509
Total non-current assets	1,603	1,991
Total assets	119,889	116,990

(72)

(95)

(135)

(Millions of yen)
As of March 31, 2021	As of March 31, 2022
Liabilities Current liabilities Accounts payable - trade Short-term borrowings Income taxes payable Advances received Provision for bonuses Accounts payable - other Other	45,690 14,602 439 10,437 182 14,722 504	47,884 9,500 1,249 425 330 14,981 2,722
Total current liabilities	86,578	77,094
Non-current liabilities Retirement benefit liability Deferred tax liabilities Other	470 - 39	490 0 40
Total non-current liabilities	510	531
Total liabilities	87,088	77,625
Net assets Shareholders' equity Share capital Retained earnings Treasury shares	2,054 29,567 (1)	2,054 34,786 (2)
Total shareholders' equity	31,619	36,838
Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment	248 (136) 434	177 (237) 1,810
Total accumulated other comprehensive income	546	1,750
Non-controlling interests	634	775
Total net assets	32,801	39,364
Total liabilities and net assets	119,889	116,990

(2)

(237)