泉州電業（9824） – [Delayed]Summary of Consolidated Financial Results for the Six Months Ended April 30, 2022

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 Six Months Ended April 30, 2022 (Based on Japanese GAAP) Company name: SENSHU ELECTRIC CO.,LTD. June 2, 2022 Inquiries: Kazuto Narita TEL 06-6384-1101 Stock exchange listing: Tokyo Stock code: 9824 Representative: URL https://www.senden.co.jp/ Representative Director,President Senior Managing Director & Executive Officer & General Manager of Administration Division Motohide Nishimura Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments: June 9, 2022 July 4, 2022 Preparation of supplementary material on quarterly financial results: Yes Holding of quarterly financial results meeting: Yes (for analysts) 1. Consolidated financial results for the six months ended April 30, 2022 (from November 1, 2021 to April 30, 2022) (1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changes Profit attributable to owners of parent Ordinary profit Six months ended April 30, 2022 Six months ended April 30, 2021 Millions of yen 55,154 42,973 % Millions of yen 3,536 1,905 28.3 11.9 % Millions of yen 3,713 2,090 85.6 5.6 % Millions of yen 2,491 1,442 77.6 9.3 % 72.7 9.2 (Amounts less than one million yen are rounded down) Six months ended April 30, 2022 Six months ended April 30, 2021 (2) Consolidated financial position As of April 30, 2022 As of October 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 274.47 154.94 Yen – – Total assets Net assets Equity ratio Millions of yen 90,710 83,990 Millions of yen 44,383 42,886 % 48.7 50.9 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended October 31, 2021 Year ending October 31, 2022 Year ending October 31, 2022 (Forecast) Yen – – Yen 40.00 60.00 Yen – – Yen 50.00 60.00 Yen 90.00 120.00 3. Forecast of consolidated financial results for the year ending October 31, 2022 (from November 1, 2021 to October 31, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changes Profit attributable to owners of parent Earnings per share Full year Millions of yen 108,000 % Millions of yen 6,400 16.8 % Millions of yen 6,700 34.9 % Millions of yen 4,600 33.9 % 28.4 Yen 514.27 1 4. Notes (1) Changes in significant subsidiaries during the six months ended April 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: No (3) 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: Yes Yes No No No (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of April 30, 2022 10,500,000 shares As of October 31, 2021 10,800,000 shares Number of treasury shares at the end of the period As of April 30, 2022 1,455,206 shares As of October 31, 2021 1,680,806 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Six months ended April 30, 2022 9,078,979 shares Six months ended April 30, 2021 9,311,639 shares 2 As of October 31, 2021 As of April 30, 2022 (Millions of yen) 26,335 21,291 7,561 6 4,916 235 (13) 60,333 6,275 377 10,239 81 314 17,287 – 110 110 1,848 19 713 4,045 (367) 6,259 23,657 83,990 27,806 22,740 9,010 – 6,827 279 (14) 66,650 6,420 352 10,392 96 318 17,580 174 115 290 1,656 12 820 4,084 (384) 6,189 24,060 90,710 Quarterly consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Electronically recorded monetary claims – operating Securities Merchandise Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Land Leased assets, net Other, net Total property, plant and equipment Intangible assets Goodwill Other Total intangible assets Investments and other assets Investment securities Long-term loans receivable Deferred tax assets Other,net Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 As of October 31, 2021 As of April 30, 2022 (Millions of yen) – – 35,628 105 21 1,024 669 976 38,426 – – 15 2 2,212 – 6 442 2,678 41,104 2,575 3,412 40,032 (4,201) 41,818 785 131 (10) 906 – 160 42,886 83,990 39,373 430 42,980 14 79 24 1,204 685 1,168 214 238 29 1 2,251 178 6 426 3,346 46,327 2,575 2,690 41,975 (3,926) 43,314 616 250 (8) 858 13 197 44,383 90,710 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Current portion of bonds payable Current portion of long-term borrowings Lease obligations Income taxes payable Provision for bonuses Other Total current liabilities Non-current liabilities Bonds payable Long-term borrowings Lease obligations Deferred tax liabilities Retirement benefit liability Provision for retirement benefits for directors (and other officers) Asset retirement obligations Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities 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 4 Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) Six months ended April 30, 2021 Six months ended April 30, 2022 (Millions of yen) 42,973 36,514 6,458 643 0 1,416 425 582 150 109 258 967 4,553 1,905 132 228 3 16 60 13 2 0 26 4 11 43 2,090 2,090 595 46 641 1,448 6 1,442 55,154 46,962 8,191 659 0 1,386 441 658 134 120 234 1,017 4,655 3,536 123 226 4 17 64 – 16 0 25 5 18 49 3,713 3,713 1,156 35 1,191 2,521 29 2,491 Net sales Cost of sales Gross profit Selling, general and administrative expenses Freight and packing costs Provision of allowance for doubtful accounts Salaries and bonuses Welfare expenses Provision for bonuses Retirement benefit expenses Travel, transportation and communication expenses Depreciation Other Total selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Rental income from buildings Purchase discounts Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Depreciation Guarantee commission Other Total non-operating expenses Ordinary profit Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 5 Consolidated statements of comprehensive income (cumulative) (Millions of yen) Six months ended April 30, 2021 Six months ended April 30, 2022 Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 1,448 174 72 16 263 1,712 1,700 12 2,521 (168) 124 1 (42) 2,479 2,443 36 6