INTERIM FINANCIAL STATEMENTS

FOR FIRST HALF OF FISCAL YEAR 2022

- from April 1, 2022 to September 30, 2022 -

SHINKO ELECTRIC INDUSTRIES CO., LTD.

80, OSHIMADA-MACHI,NAGANO-SHI,381-2287, JAPAN

Phone: +81-26-283-1000

Facsimile: +81-26-284-8861

https://www.shinko.co.jp

Contents

Interim Financial Statements

1. Consolidated Financial Highlights

2

2. Consolidated Financial Statements

(1) Consolidated Balance Sheets

3

(2)

Consolidated Statements of Income

4

(3)

Consolidated Statements of Cash Flows

5

Corporate Outline

1. Corporate Data

6

2. Shareholders' Data

7

3. Board of Directors

8

- 1 -

Interim Financial Statements

The Financial Statements have been prepared in accordance with accounting principles and practices generally accepted in Japan.

Notes: 1. U.S. dollar amounts in this report are converted from yen, for convenience only, at the rate of 144.75 yen = U.S.$1.00, the approximate rate of exchange in effect on September 30, 2022.

2. The Company's fiscal year runs from April 1 through March 31.

1. Consolidated Financial Highlights

Yen

U.S. Dollars

(Millions)

(Thousands)

Six months ended September 30

2022

2021

2022

Net sales

157,005

125,922

1,084,665

Operating profit

50,952

30,067

352,005

Ordinary profit

54,649

31,559

377,545

Profit attributable to owners of parent

37,873

21,710

261,645

Earnings per share (Yen/U.S.Dollars)

280.34

160.71

1.936

Cash dividends

25.0

17.5

0.172

per share (Yen/U.S. Dollars)

Total assets

376,092

269,587

2,598,224

Net assets

237,545

172,590

1,641,073

Sales by business segment

Plastic Packages

95,604

79,263

660,478

Metal Packages

55,793

42,379

385,446

Others

5,607

4,279

38,741

Total

157,005

125,922

1,084,665

Ordinary profit by business segment

Plastic Packages

34,285

22,795

236,858

Metal Packages

20,199

8,819

139,549

Others/Adjustment

164

(55)

1,138

Total

54,649

31,559

377,545

- 2 -

2. Consolidated Financial Statements

  1. Consolidated Balance Sheets

Yen

U.S. Dollars

(Millions)

(Thousands)

As of

As of

As of

Sep. 30,

Mar. 31,

Sep. 30,

2022

2022

2022

Assets

Current assets

235,175

192,828

1,624,700

Non-current assets:

Property, plant and equipment

134,263

119,999

927,552

Intangible assets

876

861

6,057

Investments and other assets

5,777

5,771

39,913

Total non-current assets

140,917

126,632

973,523

Total assets

376,092

319,461

2,598,224

Yen

U.S. Dollars

(Millions)

(Thousands)

As of

As of

As of

Sep. 30,

Mar. 31,

Sep. 30,

2022

2022

2022

Liabilities

Current liabilities

135,942

114,826

939,153

Non-current liabilities

2,605

2,636

17,997

Total liabilities

138,547

117,463

957,150

Net assets

Shareholders' equity:

Share capital

24,223

24,223

167,343

Capital surplus

24,173

24,129

167,002

Retained earnings

190,644

156,486

1,317,062

Treasury shares

(74)

(92)

(512)

Total shareholders' equity

238,967

204,746

1,650,897

Accumulated other comprehensive income

(1,421)

(2,749)

(9,823)

Total net assets

237,545

201,997

1,641,073

Total liabilities and net assets

376,092

319,461

2,598,224

- 3 -

(2) Consolidated Statements of Income

Yen

U.S. Dollars

(Millions)

(Thousands)

Six months ended September 30

2022

2021

2022

Net sales

157,005

125,922

1,084,665

Cost of sales

98,349

88,850

679,440

Gross profit

58,656

37,071

405,224

Selling, general and administrative expenses

7,703

7,004

53,219

Operating profit

50,952

30,067

352,005

Non-operating income

3,733

1,536

25,793

Non-operating expenses

36

44

253

Ordinary profit

54,649

31,559

377,545

Extraordinary losses

627

583

4,332

Profit before income taxes

54,022

30,976

373,213

Income taxes - current

16,054

9,280

110,912

Income taxes - deferred

94

(14)

655

Profit attributable to owners of parent

37,873

21,710

261,645

- 4 -

(3) Consolidated Statements of Cash Flows

Yen

U.S. Dollars

(Millions)

(Thousands)

Six months ended September 30

2022

2021

2022

Cash flows from operating activities

57,862

26,414

399,740

Cash flows from investing activities

(31,296)

(19,803)

(216,211)

Cash flows from financing activities

(3,763)

2,588

(26,002)

Effect of exchange rate change on cash and cash equivalents

1,839

111

12,706

Net increase (decrease) in cash and cash equivalents

24,641

9,311

170,234

Cash and cash equivalents at beginning of period

68,758

42,508

475,016

Cash and cash equivalents at end of period

93,399

51,819

645,250

- 5 -

Corporate Outline

1. Corporate Data (As of September 30, 2022)

Corporate Name: SHINKO ELECTRIC INDUSTRIES CO., LTD.

Established: September 12, 1946

Head Office: 80, Oshimada-machi,Nagano-shi,381-2287, Japan Phone: +81-26-283-1000

Major Business Lines:

Manufacturing and sales of plastic laminated packages (PLPs), leadframes, glass-to-metal seals, heat spreaders, and ceramic electrostatic chucks

IC assembly

Number of Employees: 4,850 (Consolidated: 5,594)

Plants & Facilities:

Kohoku Plant

Wakaho Plant

Takaoka Plant

Arai Plant

Kyogase Plant

SHINKO R&D Center

Kurita Sogo Center

Sales Offices: (Japan)

Tokyo, Osaka, Nagoya, Fukuoka

Representative Office:

(Overseas)

Manila

- 6 -

2. Shareholders' Data (As of September 30, 2022)

Total Number of Authorized Shares: 540,000,000 shares

Total Number of Shares Issued:

135,171,942 shares

Paid-in Capital:

24,223,020,480 yen

Number of Shareholders:

38,448

Principal Shareholders:

Name

Number of

Percentage of

shares held

shares held

(Thousands)

(%)

Fujitsu Limited

67,587

50.02

The Master Trust Bank of Japan, Ltd. (Trust Account)

11,645

8.62

Custody Bank of Japan, Ltd. (Trust Account)

6,392

4.73

The Hachijuni Bank, Ltd.

1,836

1.36

JPLLC-CL JPY

1,254

0.93

UEDA YAGI TANSHI Co., Ltd.

1,253

0.93

BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)

1,147

0.85

SHINKO ELECTRIC INDUSTRIES Employees Shareholding Association

994

0.74

Asahi Mutual Life Insurance Company

991

0.73

The Nomura Trust and Banking Co., Ltd. (Trust Account)

941

0.70

Note : The percentage of shares held is calculated after exclusion of treasury stock holdings.

Stock Exchange Listing: The Prime Market of The Tokyo Stock Exchange

- 7 -

3. Board of Directors (As of September 30, 2022)

Representative Director of Board, Chairperson

Masami Fujita

Representative Director of Board, President

Susumu Kurashima

Representative Director of Board and Executive Managing Corporate Officer

Yasuhisa Makino

Director of Board and Managing Corporate Officer

Takashi Ozawa

Outside Director of Board

Jun Niimi

Director of Board, Standing Audit and Supervisory Committee Member Akihiko Ito

Outside Directors of Board, Audit and Supervisory Committee Members

Namiko Araki

Kunikazu Kobayashi

- 8 -

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Shinko Electric Industries Co. Ltd. published this content on 20 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2023 09:27:02 UTC.