ダイヤモンドエレクトリックホールディングス（6699） – [Delayed] Consolidated Financial Results for the Year Ended March 31, 2022 [Japanese GAAP]

Note:ThisdocumentisatranslationofapartoftheoriginalJapaneseversionandprovidedforreferencepurposesonly.IntheeventofanydiscrepancybetweentheJapaneseoriginalandthisEnglishtranslation,theJapaneseoriginalshallprevail.Consolidated Financial Resultsfor the Year Ended March 31, 2022[Japanese GAAP]May 13, 2022Company name: DIAMOND ELECTRIC HOLDINGS Co., Ltd.Stock exchange listing: TokyoCode number: 6699URL: https://www.diaelec-hd.co.jpRepresentative: ONO YuuriContact: TOKUHARA EishinPhone: 06-6302-8211Scheduled date of Annual General Meeting of Shareholders: June 24, 2022Scheduled date of commencing dividend payments: June 27, 2022Scheduled date of filing annual securities report: June 27, 2022Availability of supplementary briefing material on annual financial results: YesSchedule of annual financial results briefing session: YesPresident and CEOManaging Executive Officer, CFO(Amounts of less than one million yen are rounded down.)1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)Fiscal year endedMarch 31, 2022March 31, 2021(Note) Comprehensive income:Net salesOperating profitOrdinary profitMillion yen76,27170,639Million yen%4928.02,247(0.5)Fiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%(78.1)339.2¥¥Million yen1,2682,470%(48.7)-2,164 million921 millionProfit attributable toowners of parentMillion yen1,28795134.9%]-%][[%–Basic earnings pershareDiluted earnings pershareRate of return onequityOrdinary profit tototal assets ratioOperating profit tonet sales ratioFiscal year endedMarch 31, 2022March 31, 2021(Reference) Equity in earnings (losses) of affiliated companies:Yen179.0413.90Yen–%15.01.5Fiscal year ended March 31, 2022:Fiscal year ended March 31, 2021:%1.94.3¥¥%0.63.273 million(12) million(2) Consolidated Financial PositionTotal assetsNet assetsCapital adequacy ratioNet assets per shareAs ofMarch 31, 2022March 31, 2021(Reference) Equity: As of March 31, 2022:As of March 31, 2021:Million yen68,72764,085Million yen10,1767,18510,074 million7,049 million¥¥%14.711.0Yen1,380.521,020.95(3) Consolidated Cash FlowsCash flows fromoperating activitiesCash flows frominvesting activitiesCash flows fromfinancing activitiesFiscal year endedMarch 31, 2022March 31, 2021Million yen(4,473)3,716Million yen(3,781)(1,865)Million yen3,2325,515Cash and cashequivalents at the endof periodMillion yen10,73915,412　2. DividendsFiscal year endedMarch 31, 2021March 31, 2022Fiscal year endingMarch 31, 2023(Forecast)Annual dividends1stquarter-endYen2ndquarter-endYen3rdquarter-endYenYear-endTotalTotaldividendsPayoutratio(consolidated)Dividendsto netassets(consolidated)—2.5012.5012.50—YenYenMillion yen12.5012.5015.0025.0010320012.5025.00%108.014.0-%1.62.1(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2022 :Commemorative dividendSpecial dividend- yen- yen3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)Net salesOperating profit(% indicates changes from the previous corresponding period.)Basic earnings perProfit attributable toshareowners of parentOrdinary profitMillion yen% Million yen% Million yen% Million yenSix months endedSeptember 30, 2022Full year38,00085,000(1.9)11.4(600)-(700)-(800)1,000103.1800(36.9)300(76.7)%-Yen(111.23)41.71* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): NoNewExclusion:–(Company name:(Company name:))(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement1) Changes in accounting policies due to the revision of accounting standards: Yes2) Changes in accounting policies other than 1) above: No3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)1) Total number of issued shares at the end of the period (including treasury shares):March 31, 2022:March 31, 2021:March 31, 2022:March 31, 2021:8,153,401 shares7,805,701 shares855,676 shares900,780 shares2) Total number of treasury shares at the end of the period:3) Average number of shares during the period:Fiscal Year ended March 31, 2022:Fiscal Year ended March 31, 2021:7,192,140 shares6,839,010 shares*The Company has introduced a performance-linked stock compensation system and a performance-linked incentive system, andincludes treasury stock in the number of treasury stock calculated and deducted from the average number of treasury stock andtreasury stock at the end of the period.*Financial statements are not subject to audit by a certified public accountant or an audit corporation.　Consolidated Financial StatementsConsolidated Balance SheetsAssetsCurrent assetsCash and depositsNotes and accounts receivable – tradeNotes receivable – tradeAccounts receivable – tradeElectronically recorded monetary claims -operatingSecuritiesMerchandise and finished goodsWork in processRaw materials and suppliesOtherAllowance for doubtful accountsTotal current assetsNon-current assetsProperty, plant and equipmentBuildings and structures, netMachinery, equipment and vehicles, netLandOther, netConstruction in progressTotal property, plant and equipmentIntangible assetsGoodwillOtherTotal intangible assetsInvestments and other assetsInvestment securitiesLong-term loans receivableDeferred tax assetsRetirement benefit assetOtherAllowance for doubtful accountsTotal investments and other assetsTotal non-current assetsTotal assetsAs of March 31,2021As of March 31,2022(Million yen)15,41813,849–348885,3538246,7302,350(8)44,9563,1994,6173,2861,56773213,402473714182,66822395342,083(220)5,30719,12964,08510,74512,126-774551974,6831,23412,1693,640(3)46,0194,5044,7793,3062,00585115,447403944352,908107404572,929(220)6,82622,70868,727― 1 ―　LiabilitiesCurrent liabilitiesNotes and accounts payable – tradeElectronically recorded obligations – operatingContract liabilitiesShort-term borrowingsCurrent portion of bonds payableCurrent portion of long-term borrowingsLease liabilitiesAccounts payable – otherIncome taxes payableProvision for bonusesProvision for product warrantiesProvision for product compensationOtherTotal current liabilitiesNon-current liabilitiesLong-term borrowingsLease liabilitiesLong-term accounts payable – otherRetirement benefit liabilityAsset retirement obligationsDeferred tax liabilitiesLong-term unearned revenueOtherTotal non-current liabilitiesTotal liabilitiesNet assetsShareholders’ equityShare capitalCapital surplusRetained earningsTreasury sharesTotal shareholders’ equityAccumulated other comprehensive incomeValuation difference on available-for-salesecuritiesForeign currency translation adjustmentRemeasurements of defined benefit plansTotal accumulated other comprehensive incomeShare acquisition rightsNon-controlling interestsTotal net assetsTotal liabilities and net assetsAs of March 31,2021As of March 31,2022(Million yen)8,7845,594-13,796302,2261782,386704561608-2,17337,04513,878579778602145603,6582419,85456,8992008,339(199)(997)7,343(12)(385)104(293)171187,18564,0858,7925,2394,38314,405-3,4091891,54740,30715,60222150345329186975058452186561521318,24458,5516549,716901(1,797)9,474(72)61062600110010,17668,727― 2 ―　Consolidated Statements of Income and Comprehensive IncomeConsolidated Statements of IncomeFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)Selling, general and administrative expensesNet salesCost of salesGross profitOperating profitNon-operating incomeInterest incomeDividend incomeForeign exchange gainsSubsidy incomeShare of profit of entities accounted for using equitymethodSubsidies for employment adjustmentRental incomeOtherTotal non-operating incomeNon-operating expensesInterest expensesCommission expensesDepreciationShare of loss of entities accounted for using equitymethodOtherTotal non-operating expensesOrdinary profitExtraordinary incomeGain on sale of non-current assetsGain on sale of investment securitiesGain on forgiveness of debtsGain on forgiveness of lease obligationsOtherTotal extraordinary incomeExtraordinary lossesLoss on sale of non-current assetsLoss on retirement of non-current assetsLoss on valuation of investment securitiesImpairment lossesProduct compensation lossAmortization of prior service costLoss on liquidation of subsidiariesSettlement paymentsLoss related to infectious diseaseSpecial retirement allowanceOtherTotal extraordinary lossesProfit before income taxesIncome taxes – currentIncome taxes – deferredTotal income taxes70,63958,71611,9229,6752,2472,470121935016-414198642171804912105419210—21012424212—-131871301,4141,07884313297676,27165,14911,12210,63049218269502073—-1411,231223136954551,268163565103969829011343-675974–75501,416454(308)146― 3 ―　ProfitProfit (loss) attributable to non-controlling interestsProfit attributable to owners of parent1027951,270(16)1,287― 4 ―　Consolidated Statements of Comprehensive IncomeProfitOther comprehensive incomeValuation difference on available-for-sale securitiesForeign currency translation adjustmentRemeasurements of defined benefit plans, net of taxShare of other comprehensive income of entitiesaccounted for using equity methodTotal other comprehensive incomeComprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterestsFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)10210740118212881992191471,270(59)872(41)1238932,1642,181(16)― 5 ―　Consolidated Statements of Changes in Net AssetsFor the fiscal year ended March 31,2021Shareholders’ equityShare capital Capital surplusRetainedearningsTreasuryshares(Million yen)Totalshareholders’equity1378,201(243)(983)7,111Balance at beginningof periodChanges duringperiodIssuance of newsharesProfit attributable toowners of parentDividends ofsurplusPurchase of treasurysharesDisposal of treasurysharesCapital reductionNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodBalance at beginningof periodChanges duringperiodIssuance of newsharesProfit attributable toowners of parentDividends ofsurplusPurchase of treasurysharesDisposal of treasurysharesCapital reductionNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiod100100(37)3795(51)(14)020195(51)(14)0-632001388,33943(199)(13)(997)2317,343Accumulated other comprehensive incomeValuationdifference onavailable-for-salesecuritiesForeigncurrencytranslationadjustmentRemeasurementsof definedbenefit plansTotalaccumulatedothercomprehensiveincomeShareacquisitionrightsNon-controllinginterestsTotal netassets(120)(914)(77)(1,112)-1126,11120195(51)(14)0-8421,0747,185107107(12)529529(385)182182104819819(293)17171755118― 6 ―　For the fiscal year ended March 31,2022(Million yen)Totalshareholders’equity9071,287(186)Shareholders’ equityShare capital Capital surplusRetainedearningsTreasuryshares2008,339(199)(997)7,3434534531,287(186)(1,650)(1,650)9238491,7724536541,3769,7161,101(800)901(1,797)2,1319,474Accumulated other comprehensive incomeValuationdifference onavailable-for-salesecuritiesForeigncurrencytranslationadjustmentRemeasurementsof definedbenefit plansTotalaccumulatedothercomprehensiveincomeShareacquisitionrightsNon-controllinginterestsTotal netassets(12)(385)104(293)171187,1859071,287(186)(1,650)1,7728592,99010,176(59)(59)(72)995995610(41)(41)62893893600(16)(16)1(18)(18)100Balance at beginningof periodChanges duringperiodIssuance of newsharesProfit attributable toowners of parentDividends ofsurplusPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiodBalance at beginningof periodChanges duringperiodIssuance of newsharesProfit attributable toowners of parentDividends ofsurplusPurchase of treasurysharesDisposal of treasurysharesNet changes initems other thanshareholders’ equityTotal changesduring periodBalance at end ofperiod― 7 ―　Consolidated Statements of Cash FlowsFor the fiscal yearended March 31,2021For the fiscal yearended March 31,2022(Million yen)Cash flows from operating activitiesProfit before income taxesDepreciationImpairment lossesProduct compensation lossAmortization of prior service costLoss on liquidation of subsidiariesSettlement paymentsSpecial retirement allowanceGain on forgiveness of debtGain on forgiveness of lease obligationsLoss (gain) on sale of investment securitiesIncrease (decrease) in allowance for doubtful accountsIncrease (decrease) in provision for bonusesIncrease (decrease) in provision for product warrantiesIncrease (decrease) in provision for compensation forproductIncrease (decrease) in retirement benefit liabilityInterest and dividend incomeInterest expensesForeign exchange losses (gains)Share of loss (profit) of entities accounted for usingequity methodDecrease (increase) in trade receivablesDecrease (increase) in inventoriesIncrease (decrease) in trade payablesIncrease (decrease) in accounts payable – otherIncrease (decrease) in Contract liabilitiesDecrease (increase) in long-term prepaid expensesIncrease (decrease) in long-term unearned revenueOther, netSubtotalInterest paidInterest and dividends receivedPayments for Special retirement allowanceIncome taxes paidNet cash provided by (used in) operating activitiesCash flows from investing activitiesPurchase of property, plant and equipmentProceeds from sale of property, plant and equipmentPurchase of intangible assetsPurchase of investment securitiesProceeds from sale of investment securitiesProceeds from redemption of investment securitiesProceeds from collection of loans receivableLoan advancesOther, netPurchase of shares of subsidiaries and associatesNet cash provided by (used in) investing activitiesCash flows from financing activities1,0782,198242——-8710456378-2(31)171(197)12(3,697)(1,229)3,603316–532(135)4,57431(172)(366)(350)3,716(1,861)30(126)(14)-89105(5)(69)(12)(1,865)1,4162,169-290675974-(565)(103)0(5)(68)(155)27625(45)223(632)(73)1,384(4,410)(934)(1,776)170(881)(11)(287)45(233)-(3,791)(494)(4,473)(3,390)33(88)(107)7893(4)(77)(246)(3,781)― 8 ―　Proceeds from disposal of treasury sharesNet increase (decrease) in short-term borrowingsProceeds from long-term borrowingsRepayments of long-term borrowingsRedemption of bondsProceeds from sale and leaseback transactionsRepayments of finance lease liabilitiesDividends paidProceeds from issuance of share acquisition rightsProceeds from issuance of shares resulting fromexercise of share acquisition rightsOther, netNet cash provided by (used in) financing activitiesEffect of exchange rate change on cash and cashequivalentsNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of periodCash and cash equivalents at end of period-5,5161,772(2,264)(30)628(191)(51)20198(83)5,5152527,6197,79215,4121,64611116,943(14,037)(30)(302)(186)9-890(1,813)3,232349(4,673)15,41210,739― 9 ―