上新電機（8173） – Consolidated Financial Results for Nine-month Period of Fiscal Year Ending March 31, 2022 (Japanese GAAP)

February 4, 2022 Stock Listing: Tokyo Consolidated Financial Results for Nine-month Period of Fiscal Year Ending March 31, 2022 (Japanese GAAP) Company name: Joshin Denki Co., Ltd. Securities code: 8173 Representative: (Title) Representative Director and President and Executive Officer Contact: (Title) Director and Executive Officer in charge of Financial Strategy, General Manager of Accounting (and Finance) Department URL: https://www.joshin.co.jp/joshintop/ir_en.html Scheduled date for filing quarterly securities report: Quarterly material to supplement the financial results: None Quarterly financial results conference: None February 10, 2022 (Name) Ryuhei Kanatani (Name) Suguru Oshiro Phone: +81-6-6631-1161 Scheduled dividend payment date: ─ (Amounts rounded down to the nearest million yen) 1. Consolidated results for the nine-month period of FY2021 (April 1, 2021 to December 31, 2021) (1) Consolidated operating results (% indicates year-on-year change) Net sales Operating income Ordinary income Nine-month period of FY2021 Nine-month period of FY2020 Million yen 307,056 340,823 % Million yen 6,714 12,521 -9.9 7.7 % Million yen 7,571 12,471 -46.4 72.8 % -39.3 73.4 Note: Comprehensive income: 5,734 million yen (39.4% decrease) in the nine-month period of FY2021 9,459 million yen (84.1% increase) in the nine-month period of FY2020 Net income attributable to owners of the parent Million yen 5,290 7,902 % -33.1 63.3 Net income per share Diluted Net income per share Yen 197.66 295.33 Yen ─ ─ 年 Nine-month period of FY2021 期 期 第 Nine-month period of FY2020 (2) Consolidated financial position December 31, 2021 March 31, 2021 Total assets Net assets Equity ratio Million yen 242,568 210,321 Million yen 98,199 99,303 % 40.5 47.2 Reference: Shareholders’ equity: 98,199 million yen as of December 31, 2021 99,303 million yen as of March 31, 2021 (3) Consolidated cash flow Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Cash and cash equivalents at end of the term Million yen -1,731 23,955 Million yen -8,465 -4,360 Million yen 10,590 -9,581 Million yen 9,011 13,346 Nine-month period of FY2021 Nine-month period of FY2020 第 2. Dividends Annual dividends per share End of 1st quarter End of 2nd quarter End of 3rd quarter Yen ─ ─ FY 2020 FY 2021 FY 2021 (Forecast) Note: Revisions to the latest dividend forecasts: None Yen ─ ─ Yen 0.00 0.00 Year-end Full year Yen 75.00 75.00 Yen 75.00 75.00 3. Forecast of Consolidated Operating Results for FY 2021 (April 1, 2021 to March 31, 2022) Net sales Operating income Ordinary income Full year Million yen 420,000 % Million yen 12,000 -6.5 % Million yen 12,000 -27.5 % -27.5 Million yen 8,000 % -9.8 Note: Revisions to the latest dividend forecasts: None (% indicates year-on-year change) Net income attributable to owners of the parent Net income per share Yen 298.89 * Notes: None (1) Changes in significant subsidiaries during the nine-month period of FY 2021 (Changes in specified subsidiaries resulting in a change in the scope of consolidation): None (2) Adoption of special accounting treatment pertaining to the preparation of consolidated quarterly financial statements: (3) Changes in accounting policies and changes or restatement of accounting estimates 1) Changes in accounting policies due to amendments of accounting standards, etc.: Yes 2) Changes in accounting policies other than 1): None 3) Changes in accounting estimates: None 4) Restatement: None (4) Shares outstanding (Common stock) 1) Number of shares outstanding (including treasury stock) as of the end of the term: 28,000,000 as of December 31, 2021 28,000,000 as of March 31, 2021 2) Number of shares of treasury stock: 1,229,846 as of December 31, 2021 1,243,169 as of March 31, 2021 26,764,717 as of December 31, 2021 26,757,049 as of December 31, 2020 account as stated below. 51,475 as of December 31, 2021 65,070 as of March 31, 2021 audit firm. 3) Average number of shares during the term (nine-month period): Note: The number of shares of treasury stock includes the Company shares held in the board incentive plan trust * Quarterly summary of financial statements is not subject to quarterly reviews by a certified public accountant or an * Description concerning proper use of the forecast of financial results and other remarks: The forecasts statements in this document concerning future figures including forecasts for financial results, etc. are based on currently available information and certain assumptions that the company considers reasonable. The achievement of such forecasts is not guaranteed by the company. Actual results may vary significantly from such forecasts due to a variety of factors.