サンゲツ（8130） – （Delayed）Summary of Consolidated Financial Results for the Year Ended March 31 2022(Based on Japanese GAAP)

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: Sangetsu Corporation Stock exchange listing: Tokyo, Nagoya May 13, 2022Stock code: 8130 URL https://www.sangetsu.co.jp/ Representative: Representative Director, President and CEO Shosuke Yasuda Executive Officer in charge of administration Inquiries: and General Manager of the Finance and Tatsuo Sukekawa TEL 052-564-3333 Accounting Department Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Holding of financial results meeting: (1) Consolidated operating results June 22, 2022 June 22, 2022 June 23, 2022 Yes Yes (for analysts and institutional investors) (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) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Year ended March 31, 2022 Year ended March 31, 2021 Millions of yen 149,481 145,316 % Millions of yen 7,959 – 6,701 (9.9)% Millions of yen 8,203 7,042 18.8 (27.7)% Millions of yen 276 4,780 16.5 (28.5) % (94.2)233.8 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 4.66 78.97 Yen 4.65 78.92 % 0.3 5.1 % 5.4 4.4 Total assets Net assets Equity ratio Net assets per share Millions of yen 147,943 158,665 Millions of yen 88,326 93,749 % 59.4 58.8 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen 5,718 9,694 Millions of yen (827)(2,599)Millions of yen (13,341)(11,836)Millions of yen 16,886 25,124 % 5.3 4.6 Yen 1,497.21 1,547.92 Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen – – – Yen 29.00 35.00 35.00 Yen – – – Yen 29.00 35.00 36.00 Yen Millions of yen % 58.00 70.00 71.00 3,506 4,131 73.4 1,503.5 59.5 % 3.8 4.6 Year ended March 31, 2022 Year ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of March 31, 2021 (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 13. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % 78,000 11.5 5,450 101.4 5,800 107.4 3,700 129.6 159,000 6.4 10,000 25.6 10,700 30.4 7,000 2,431.1 Yen 63.09 119.36 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Six months ending September 30, 2022 Full year 4. Notes (1) Changes in significant subsidiaries during the year ended March 31, 2022 (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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: No Yes No No 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 59,200,000 shares As of March 31, 2021 61,150,000 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 552,040 shares As of March 31, 2021 836,342 shares Year ended March 31, 2022 59,401,521 shares Year ended March 31, 2021 60,528,714 shares 2Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes receivable – trade Accounts receivable – trade Contract assets Electronically operating Securities Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures recorded monetary claims – 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 Leased assets Accumulated depreciation Leased assets, net Construction in progress Total property, plant and equipment Intangible assets Software Goodwill Trademark right Other Total intangible assets Investments and other assets Investment securities Investment property Guarantee deposits Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 (Millions of yen) As of March 31, 2021 As of March 31, 2022 25,719 30,735 – – – 14,248 300 14,267 345 2,497 1,861 (506) 89,469 33,904 (21,432) 12,472 17,660 (11,809) 5,850 4,972 (4,133) 838 20,634 971 (643) 328 391 40,516 2,354 1,591 5,476 607 10,030 10,502 – 1,411 5,165 1,685 (114) 18,649 69,196 158,665 18,347 – 9,111 24,743 293 16,028 300 14,700 179 2,843 1,448 (471) 87,525 30,628 (18,899) 11,729 17,944 (12,330) 5,613 5,111 (4,234) 877 16,435 1,152 (639) 513 116 35,285 1,794 1,474 232 556 4,058 8,656 5,421 1,504 4,425 1,171 (106) 21,073 60,417 147,943 (Millions of yen) As of March 31, 2021 As of March 31, 2022 12,755 – 13,871 1,169 6,092 140 1,435 1,794 29 455 6,021 43,765 8,660 82 1,773 34 8,959 1,053 2 584 21,151 64,916 13,616 19,773 61,387 (1,579) 93,196 1,849 0 (120) (1,564) 163 76 311 93,749 158,665 13,810 1,240 12,741 862 1,101 114 2,777 1,983 – 460 5,666 40,758 7,734 284 395 20 8,671 1,144 1 604 18,857 59,616 13,616 19,773 54,537 (907) 87,019 1,258 6 567 (1,043) 788 71 446 88,326 147,943 Liabilities Current liabilities Notes and accounts payable – trade Contract liabilities Electronically recorded obligations – operating Short-term borrowings Current portion of long-term borrowings Lease liabilities Income taxes payable Provision for bonuses Provision for bonuses for directors (and other officers) Provision for product warranties Other Total current liabilities Long-term borrowings Lease liabilities Deferred tax liabilities Provision for retirement benefits for directors (and other officers) Retirement benefit liability Asset retirement obligations Long-term accounts payable – other Other Total non-current liabilities Non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity available-for-sale on Accumulated other comprehensive income difference Valuation securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets Total liabilities and net assets 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Rental income from real estate Share of profit of entities accounted for using equity method Other Total non-operating income Non-operating expenses Interest expenses Rental expenses on real estate Foreign exchange losses Commission for purchase of treasury shares Share of loss of entities accounted for using equity method Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Gain on reversal of share acquisition rights Subsidy income Gain on step acquisitions Settlement income Other Total extraordinary income Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Loss on sale of shares of subsidiaries and associates Impairment losses Other Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit (loss) attributable to non-controlling interests Profit attributable to owners of parent 5145,316 97,676 47,640 40,938 6,701 31 130 30 82 222 497 100 1 31 0 – 22 156 7,042 13 – 7 267 – – – 288 3 71 233 57 1 367 6,963 2,415 (135) 2,280 4,683 (97) 4,780 149,481 109,519 39,962 32,002 7,959 9 203 155 – 176 544 89 135 23 4 10 36 300 8,203 82 543 – 90 11 250 2 980 5 70 7 5,593 0 5,676 3,506 4,013 (917) 3,096 410 133 276 Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive controlling interests attributable income non-to (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 4,683 1,349 (22) (601) (64) 60 721 5,404 5,527 (123) 410 (590) 5 688 520 – 624 1,035 901 133 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity 13,616 20,000 62,853 (2,440) 94,028 13,616 20,000 62,853 (2,440) 94,028 Balance at beginning of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of shares treasury Disposal of treasury shares shares Cancellation of treasury Exercise of share acquisition rights Purchase of shares of consolidated subsidiaries Change in scope of consolidation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 13,616 (226) (226) 19,773 (3,513) 4,780 (15) (1,480) (1,466) 61,387 (1,236) 1,236 (433) 58 (3,513) 4,780 (433) 42 – – (226) (1,480) 860 (1,579) (832) 93,196 7 Accumulated other comprehensive income Valuation difference on available-for-Deferred gains or losses on Foreign currency translation sale securities hedges adjustment Remeasurements of defined benefit plans comprehensive Total accumulated other income Share Non-acquisition controlling Total net assets rights interests 492 22 204 (1,503) (784) 83 889 94,217 Restated balance 492 22 204 (1,503) (784) 83 889 94,217 (3,513) 4,780 (433) 42 – – (226) (1,480) Balance at beginning of period Cumulative effects of changes in accounting policies Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares shares Disposal of treasury Cancellation of treasury shares Exercise of share acquisition rights Purchase of shares of consolidated subsidiaries Change consolidation in scope of Net changes in items equity period Total changes during Balance at end of period 1,357 1,849 other than shareholders’ 1,357 (22) (324) (61) 948 (7) (577) 363 (22) 0 (324) (61) (120) (1,564) 948 163 (7) 76 (577) (468) 311 93,749 8Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity 13,616 19,773 61,387 (1,579) 93,196 13,616 19,773 61,401 (1,579) Balance at beginning of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares shares Disposal of treasury Cancellation of treasury shares Exercise of share acquisition rights Purchase of shares of consolidated subsidiaries Change consolidation in scope of Net changes in items other than shareholders’ equity period Total changes during Balance at end of period – 13,616 14 (3,828) 276 (3,308) (4) 0 (2,688) 48 3,308 4 14 93,211 (3,828) 276 (2,688) 43 – 4 – – – 19,773 (6,864) 54,537 672 (907) (6,192) 87,019 9 Accumulated other comprehensive income Valuation difference on available-for-Deferred gains or losses on Foreign currency translation sale securities hedges adjustment Remeasurements of defined benefit plans comprehensive Total accumulated other income Share Non-acquisition controlling Total net assets rights interests 1,849 (120) (1,564) 163 76 311 93,749 Restated balance 1,849 (120) (1,564) 163 76 311 93,763 14 (3,828) 276 (2,688) 43 – 4 – – Balance at beginning of period Cumulative effects of changes in accounting policies Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares shares Disposal of treasury Cancellation of treasury shares Exercise of share acquisition rights Purchase of shares of consolidated subsidiaries Change consolidation in scope of Net changes in items 0 0 5 5 6 other than shareholders’ (590) 688 520 624 (4) 134 755 equity period Total changes during (590) Balance at end of period 1,258 688 567 520 (1,043) 624 788 (4) 71 134 446 (5,437) 88,326 10Consolidated statements of cash flows Cash flows from operating activities (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Profit before income taxes Depreciation Impairment losses Amortization of goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in retirement benefit liability Increase (decrease) in provision for product warranties Interest and dividend income Interest expenses Share of loss (profit) of entities accounted for using equity method Loss (gain) on sale of shares of subsidiaries and associates Subsidy income Loss (gain) on step acquisitions Settlement income Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in accrued consumption taxes Other, net Subtotal Interest and dividends received Subsidies received Interest paid Income taxes paid Net cash provided by (used in) operating activities Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of securities Proceeds from sale of property, plant and equipment Proceeds from redemption of securities Purchase of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from sale of investment securities Proceeds from sale of shares of subsidiaries and associates Purchase of shares of subsidiaries resulting in change in scope of consolidation Purchase of insurance funds Proceeds from cancellation of insurance funds Proceeds from collection of loans receivable Payments of guarantee deposits Proceeds from refund of guarantee deposits Purchase of long-term prepaid expenses Other, net Net cash provided by (used in) investing activities 11 6,963 3,007 57 4 104 (307) 488 (208) (161) 100 (82) 233 (267) – – 3,102 865 (944) (636) 403 12,722 235 267 (99) (3,431) 9,694 (405) 632 (23,596) 14 27,423 (4,149) (508) (8) 7 376 (2,157) (127) 250 – (298) 65 (13) (104) (2,599) 3,506 3,667 5,593 163 (78) 167 55 (6) (212) 89 10 7 (90) (11) (250) (4,822) (295) (205) 251 724 8,263 210 90 (88) (2,758) 5,718 (1,211) 405 (300) 140 300 (1,897) (319) (10) 1,819 – (97) (0) 507 10 (104) 18 (48) (36) (827) (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from financing activities Proceeds from short-term borrowings Repayments of short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Repayments of finance lease liabilities Purchase of treasury shares Dividends paid Purchase of shares of subsidiaries not resulting in change in scope of consolidation Other, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 693 (907) 7,000 (13,545) (191) (434) (3,471) (980) – (11,836) (57) (4,798) 29,922 25,124 109 (527) – (6,176) (184) (2,692) (3,869) – 0 (13,341) 212 (8,237) 25,124 16,886 12