December 26, 2022
To whom it may concern
Company name: SILVER LIFE CO., LTD.
Representative: Takahisa Shimizu,President,CEO(Code number:9262,listed on TSE Prime Market)

Contact: Hirokazu Masuyama, Director,
Administration Manager(TEL 03-6300-5629)(Correction) Partial Correction of Summary of Non-Consolidated Financial Results for theThree Months Ended October 31, 2022 [Based on Japanese GAAP]

The following corrections have been made to the "Summary of Non-Consolidated Financial
Results for the Three Months Ended October 31, 2022 [Based on Japanese GAAP]" announced onDecember 9, 2022. Corrections are underlined. We sincerely apologize to our shareholders,investors, and other stakeholders for any inconvenience and concern this may cause.

１． Reason for the Correction
it was discovered Errors in inventory accounting.

２． Details of the Correction
Due to the large number of corrections, the full text of the corrections is attached. The
correction is underlined.

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Summary of Non-Consolidated Financial Results
for the Three Months Ended October 31, 2022
[Based on Japanese GAAP]
December 09, 2022
Company name: SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Code number: 9262
URL: https://www.silver-life.co.jp/
Representative: Takahisa Shimizu
President, CEOContact: Hirokazu Masuyama
Director,Administration Manager
Phone: (03)6300-5629
Scheduled date of filing quarterly securities report: December 09, 2022
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Non-consolidated Financial Results for the Three Months Ended October 31, 2022 (August 01, 2022 to October 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Three months ended
October 31, 2022
October 31, 2021

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

3,0152,683

12.4
9.3

245
100

144.3
(69.4)

289
132

118.0
(62.5)

183
94

94.5
(58.1)

Basic earnings
per share
Three months ended
October 31, 2022
October 31, 2021

Diluted earnings pershare
Yen

Yen

16.95
8.74

16.72
8.60

(2) Non-consolidated Financial Position
Total assets
As ofOctober 31, 2022
July 31, 2022
(Reference) Equity:

Net assets

Million yen

8,981
8,859
As of October 31, 2022:
As of July 31, 2022:

Capital adequacy ratio

Million yen¥
¥

5,488
5,304
5,488 million
5,304 million%

61.1
59.92. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended July 31, 2022

-0.00

-

0.00

0.00

Fiscal year ending July 31, 2023

0.00

-

15.00

15.00

Fiscal year ending July 31, 2023
(Forecast)Year-end

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st quarter dividend for the fiscal year ending July 31, 2023 :Commemorative dividend- yenSpecial dividend- yen
3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2023(August 01, 2022 to July 31, 2023)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share
Million yen%

Million yen%Six months ended January
6,210
13.9
340
8.9
31, 2023
Full year
12,700
13.2
700
24.7
(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen%

Yen

420

9.9

260

2.0

24.09

860

21.2

550

36.9

50.96

No

* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) 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):
October 31, 2022:
10,798,800 shares
July 31, 2022:10,792,400 shares2) Total number of treasury shares at the end of the period:
October 31, 2022:
399 shares
July 31, 2022:
399 shares
3) Average number of shares during the period:
Three months ended October 31, 2022:
Three months ended October 31, 2021:

10,796,940 shares
10,772,044 shares

Quarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousand yen)
As of July 31,2022

As of October 31,2022

AssetsCurrent assets
Cash and deposits

1,474,844

1,602,693

1,019,139
287,792

987,049368,411

Raw materials and supplies
Other

28,053
481,462

34,740498,861

Allowance for doubtful accounts(58,705)(59,243)

3,232,587

3,432,513

Accounts receivable - trade
Merchandise and finished goods

Total current assets
Non-current assets
Property, plant and equipment
Buildings, net

3,016,529

2,999,555

Machinery and equipment, net
Other, net

1,305,483
767,050

1,256,236
767,322

Total property, plant and equipment

5,089,063

5,023,114

329,146

343,285

Other
Allowance for doubtful accounts

223,394(14,666)

195,458(13,099)

Total investments and other assets

208,727

182,358

5,626,937

5,548,759

8,859,525

8,981,272

Accounts payable - trade
Contract liabilities

570,916
11,458561,691
10,850

Lease liabilities
Accounts payable - other720
403,436720
375,899

Current portion of long-term borrowings
Income taxes payable

239,400
54,512

239,400
106,619

Provision for shareholder benefit program
Other

61,52765,544

27,64583,557

Intangible assets
Investments and other assets

Total non-current assets
Total assets
Liabilities
Current liabilities

Total current liabilities

1,407,517

1,406,384

Non-current liabilities
Long-term borrowings

1,951,450

1,891,600

Lease liabilities
Other

2,762
193,417

2,582
192,009

2,147,630

2,086,192

3,555,147

3,492,576

Shareholders' equity
Share capital

725,645726,282

Capital surplus
Retained earnings

715,6453,864,006

716,282
4,047,050

Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

(919)

(919)

5,304,378

5,488,695

5,304,378

5,488,695

8,859,525

8,981,272

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the three months)(Thousand yen)
For the three months
ended October 31,2021

For the three months
ended October 31,2022

Net sales
Cost of sales

2,683,155
2,061,016

3,015,351
2,116,480

Gross profit

622,139

898,870

Selling, general and administrative expenses

521,741

653,581

Operating profit

100,397245,288

Interest income
Compensation income

2,860
25,841

3,244
39,279Other12,496

12,054

Total non-operating income

41,19854,577

Non-operating expenses
Interest expenses

1,320

1,227

Rental expenses
Bad debt expenses

6,406
86

4,623
1,630

869-(454)
2,590

Non-operating income

Provision of allowance for doubtful accounts
Depreciation
Other-

436

8,684

10,054

132,911289,812

7,090

13

7,090

13

Profit before income taxes

125,821289,798

Income taxes - current

25,196

97,698

Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

Income taxes - deferred

6,520

9,056

Total income taxes

31,717

106,754

Profit94,104

183,044