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.

Summary of Consolidated Financial Results

for the Fiscal Year Ended March 31,2023

（Under Japanese GAAP）

May 11, 2023

Company name:

SHIBAURA MECHATRONICS CORPORATION

Listing:

Tokyo Stock Exchange

Securities code:

6590

URL:

https://www.shibaura.co.jp

Representative:

(Name) Keigo Imamura, (Title) Representative Director,

President and Chief Executive Officer

Inquiries:

(Name) Kenichi Ikeda, (Title) Director and Executive Vice President,

Executive General Manager of Corporate Management Division

Telephone:

+81- 45- 897- 2425

Scheduled date of annual general meeting of shareholders:

June 22, 2023

Scheduled date to commence dividend payments:

June 6, 2023

Scheduled date to file annual securities report:

June 22, 2023

Preparation of supplementary material on financial results:

Yes

Holding of financial results briefing:

Yes

(Figures are rounded down to the nearest million yen)

1. Consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Consolidated operating results

(Percentages indicate year-on-year change.)

Net sales

Operating income

Ordinary income

Net income attributable

to owners of parent

Fiscal year ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

March 31, 2023

61,001

23.8

10,906

115.9

10,514

115.6

9,198

208.3

March 31, 2022

49,272

10.0

5,050

70.8

4,877

73.0

2,983

51.5

Note: Comprehensive income

For the fiscal year ended March 31, 2023:

¥9,333 million

[188.1%]

For the fiscal year ended March 31, 2022:

¥3,239 million

[23.9%]

Basic earnings

Diluted earnings

Ratio of ordinary

Ratio of operating

Return on equity

income to total

per share

per share

income to net sales

assets

Fiscal year ended

Yen

Yen

%

%

%

March 31, 2023

2,081.32

－

31.9

14.0

17.9

March 31, 2022

675.41

－

12.8

7.7

10.3

Reference:

Share of income (loss) of entities accounted for using equity method

For the fiscal year ended March 31, 2023:

¥

－million

For the fiscal year ended March 31, 2022:

¥

－million

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

March 31, 2023

81,887

33,007

40.3

7,466.67

March 31, 2022

68,854

24,614

35.7

5,571.64

Reference:

Equity

As of March 31, 2023:

¥33,007 million

As of March 31, 2022:

¥24,614 million

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash

equivalents at end of

operating activities

investing activities

financing activities

period

Fiscal year ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

March 31, 2023

4,572

(1,375)

(2,436)

27,160

March 31, 2022

8,297

(507)

(1,205)

26,301

2. Cash dividends

Annual dividends per share

Total cash

Ratio of

Payout ratio

dividends to

First

Second

Third

Fiscal

dividends

Total

(Consolidated)

net assets

quarter-end

quarter-end

quarter-end

year-end

(Total)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Fiscal year ended

－

0.00

－

230.00

230.00

1,017

34.1

4.4

March 31, 2022

Fiscal year ended

－

0.00

－

560.00

560.00

2,477

26.9

8.6

March 31, 2023

Fiscal year ending

0.00

120.00

30.6

March 31, 2024

－

－

－

(Forecast)

Note:

1. The year-end dividend per share for the fiscal year ending March 31, 2023 is calculated based on the amount excluding the increase in net income due to the additional recording of deferred tax assets. In this case, the dividend payout ratio will be 29.9%.

2． At the meeting of the Board of Directors held today (May 11, 2023), we resolved to conduct a 3-for-1 stock split of our common stock with October 1, 2023 as the effective date. The year-end dividend per share for the fiscal year ending March 31, 2024(forecast) is the amount that takes into account the impact of the stock split, and the total annual dividend is indicated as "－". If the stock split is not considered, the year-end dividend for the fiscal year ending March 31, 2024(forecast) will be 360.00 yen, and the total annual dividend will be 360.00 yen.

3. Consolidated Financial Results Forecast for the Fiscal year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)

(Percentages indicate year-on-year change.)

Net income

Net income per

Net sales

Operating income

Ordinary income

attributable to owners

share

of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

59,000

(3.3)

7,300

(33.1)

6,700

(36.3)

5,200

(43.5)

392.19

Note:

The full-year net income per share for the fiscal year ending March 31, 2024(forecast) is the amount that takes into account the impact of the stock split noted in "2. Cash dividends". Net income per share without considering the stock split will be 1,176.57 yen.

Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
  2. Changes in accounting policies, changes in accounting estimates, and restatement
    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

(ⅳ) Restatement: None

  1. Number of issued shares (common stock)
    1. Total number of issued shares at the end of the period (including treasury shares)

As of March 31, 2023

5,192,619 shares

As of March 31, 2022

5,192,619 shares

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

As of March 31, 2023

772,014 shares

As of March 31, 2022

774,834 shares

(iii) Average number of shares outstanding during the period

Fiscal year ended March 31, 2023

4,419,635 shares

Fiscal year ended March 31, 2022

4,417,058 shares

[Reference] Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(1) Non-consolidated operating results

(Percentages indicate year-on-year change.)

Net sales

Operating income

Ordinary income

Net income

Fiscal year ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

March 31, 2023

45,371

23.8

7,987

146.0

8,393

106.0

7,749

204.3

March 31, 2022

36,649

11.3

3,247

111.1

4,073

72.1

2,546

40.6

Basic earnings

Diluted earnings

per share

per share

Fiscal year ended

Yen

Yen

March 31, 2023

1,753.43

－

March 31, 2022

576.49

－

(2) Non-consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

Yen

March 31, 2023

70,356

28,666

40.7

6,484.74

March 31, 2022

59,603

21,926

36.8

4,963.14

Reference: Equity

As of March 31, 2023:

¥28,666 million

As of March 31, 2022:

¥21,926 million

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

Explanation of the appropriate use of financial forecasts and other special matters

The financial forecasts and estimates in this summary of Consolidated Financial Results are based on the information available to the Company at the time of the report's publication and certain assumptions determined to be reasonable by the Company, and therefore are not guarantees of future performance.

Consequently, actual results may differ substantially from those described in this Summary of Consolidated Financial Results.

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Shibaura Mechatronics Corporation published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:36:01 UTC.