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 Year Ended July 31, 2022
[Based on Japanese GAAP]
September 13, 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: Reiko Saito
Coporate Planning Division Manager
Phone: (03)6300-5629
Scheduled date of Annual General Meeting of Shareholders: October 26, 2022
Scheduled date of commencing dividend payments: Scheduled date of filing annual securities report: October 27, 2022
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one million yen are rounded down)
1. Non-consolidated Financial Results for the Fiscal Year Ended July 31, 2022 (August 01, 2021 to July 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
July 31, 2022
July 31, 2021

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

11,215
10,050

11.6
13.8

561
839

(33.1)(10.1)

709
973(27.1)(10.4)

401
546(26.4)(19.5)

Basic earnings per Diluted earnings per Rate of return on
shareshareequityOrdinary profit tototal assets ratio

Yen
Yen%
Fiscal year ended
July 31, 2022
37.26
36.66
7.9
July 31, 2021
50.93
49.85
11.8(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended July 31, 2022:
Fiscal year ended July 31, 2021:

Operating profit tonet sales ratio%%

8.3
14.0
¥
¥

5.0
8.4
- million- million(2) Non-consolidated Financial Position
Total assets
As ofJuly 31, 2022
July 31, 2021
(Reference) Equity:

Net assets

Million yen

Million yen

8,859
8,262
As of July 31, 2022:
As of July 31, 2021:

Capital adequacy ratio

¥¥

5,304
4,926
5,304 million
4,926 million

Net assets per share%

Yen

59.9
59.6

491.51457.43(3) Non-consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
July 31, 2022
July 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

1,209
369

(1,470)(2,689)

263
1,945

1,474
1,472

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end
Fiscal year ended

Year-end

Total

Totaldividends

Dividends
to netassets

PayoutratioYenYenYen

YenYenMillion yen%%

July 31, 2021

-

0.00

-

0.00

0.00

---

July 31, 2022

-

0.00

-

0.00

0.00

----

0.00

-

15.00

15.00

Fiscal year ending
July 31, 2023

29.43

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended July 31, 2022 :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.)
Net sales
Million yen

Six months ended January
31, 2023
Full year

Operating profit% Million yen

Ordinary profit% Million yen

Basic earnings pershare

Net income% Million yen%

Yen

6,210

13.9

340

8.9

420

9.9

260

2.0

24.09

12,700

13.2

700

24.7

860

21.2

550

36.9

50.96

* Notes:(1) 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(2) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
July 31, 2022:
10,792,400 shares
July 31, 2021:
10,770,000 shares2) Total number of treasury shares at the end of the period:
July 31, 2022:
399 shares
July 31, 2021:
399 shares
3) Average number of shares during the period:
Fiscal Year ended July 31, 2022:
Fiscal Year ended July 31, 2021:

10,786,519 shares
10,722,259 sharesNon-consolidated Financial Statements
Non-consolidated Balance Sheets(Thousand yen)
As of July 31,2021
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Raw materials and supplies
Prepaid expenses
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
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
Trademark right
Software
Other
Total intangible assets
Investments and other assets
Long-term loans receivable
Distressed receivables
Long-term prepaid expenses
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets

As of July 31,2022

1,472,438
967,715
186,720
16,032
49,047282,706
400,565(39,487)
3,335,739

1,474,844
1,019,139
287,792
28,05355,560333,81292,089(58,705)
3,232,587

2,908,964(274,534)
2,634,430
148,790(12,734)
136,055
1,530,357(393,077)
1,137,280
4,495(4,495)0
125,841(58,819)
67,022
330,644
156,651
4,462,084

3,477,453(460,923)
3,016,529
142,721(25,755)
116,965
1,968,042(662,558)
1,305,483
8,637(5,838)2,799
146,997(78,779)
68,218575,900
3,276
(109)
3,166
5,089,063

4,094
270,535
6,609
281,2392,360288,518
38,267329,146

55,816
1,115
11,044
71,20957,210(13,135)
183,260
4,926,584

53,5101,066
13,07892,131
63,607(14,666)
208,727
5,626,937

Total assets

8,262,323

8,859,525

(Thousand yen)
As of July 31,2021
Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Deposits received
Provision for shareholder benefit program
Lease liabilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Guarantee deposits received
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Total capital surplus
Retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

As of July 31,2022

541,269
167,400
433,990
15,117
190,254
9,706
31,72012,352
1,401,809

570,916
239,400
403,436
18,24254,512
14,933
61,527720
43,827
1,407,517

1,762,850
168,118
3,210
1,934,178
3,335,987

1,951,450
2,762
169,085
24,331
2,147,630
3,555,147

724,137

725,645714,137
714,137

715,645715,6453,488,980
3,488,980(919)
4,926,335
4,926,335
8,262,323

3,864,006
3,864,006(919)
5,304,378
5,304,378
8,859,525

Non-consolidated Statements of Income(Thousand yen)
For the fiscal year
ended July 31,2021
Net sales
Cost of sales
Beginning inventory of merchandise and finished
goods
Cost of products manufactured
Cost of purchased goods
Total
Ending inventory of merchandise and finished goods
Total cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and allowances
Freight costs
Depreciation
Outsourcing expenses
Advertising expenses
Bad debt expenses
Provision of allowance for doubtful accounts
Provision for shareholder benefit program
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Compensation income
Commission income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Depreciation
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit

For the fiscal year
ended July 31,2022

10,050,070

11,215,914

63,166

186,720

3,196,750
4,256,347
7,516,264
186,720
7,329,544
2,720,526

3,839,887
4,388,231
8,414,839
287,792
8,127,046
3,088,868

214,584
440,131
70,564
257,503277,663
3,437
7,278
31,720577,834
1,880,718
839,808

268,658
537,780
119,264
232,166
445,876
7,945
23,41944,340847,855
2,527,305
561,562

10,733104,001
23,847
19,699158,283

12,354132,022
29,45018,701
192,529

1,602
16,427
6,895
38
24,963
973,127

5,073
17,462
12,216
5,775
4,112
44,640709,451

88
88

22,916
22,916

4,055
27,91574,738
106,709866,506
354,114(33,717)
320,397546,109

19,293
95,478
114,772
617,595
224,768(9,064)
215,703401,891Non-consolidated Statements of Changes in Net Assets
For the fiscal year ended July 31,2021(Thousand yen)
Shareholders' equity
Capital surplus

Retained earnings
Otherretainedearnings
Total
Share capital Legal capital Total capital
Retainedretained
surplussurplusearnings
earnings
brought
forwardBalance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodIssuance of newshares - exercise ofshare acquisitionrightsPurchase of treasuryshares
ProfitTotal changes
during period
Balance at end ofperiod

716,103706,103706,103

716,103706,103706,103

8,033

8,033

8,033

2,942,871

2,942,871

2,942,871

2,942,871

Total net
Total
Treasury
assetsshareholders'sharesequity(682) 4,364,396

4,364,396--(682) 4,364,396

4,364,396

16,067

16,067

(236)

(236)

546,109546,109561,939561,939(919) 4,926,335

4,926,335(236)
546,109546,109

8,033

8,033

8,033

546,109546,109724,137

714,137

714,137

3,488,9803,488,980(236)

For the fiscal year ended July 31,2022(Thousand yen)
Shareholders' equity
Capital surplus

Retained earnings
Otherretained
Total
Share capital Legal capital Total capital earnings
Retainedretained
surplussurplusearnings
earnings
brought
forwardBalance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodIssuance of newshares - exercise ofshare acquisitionrightsPurchase of treasury
sharesProfitTotal changes
during period
Balance at end of
period724,137

714,137

714,137

724,137

714,137714,137

1,508

1,508

1,508

Total net
Total
Treasury
assetsshareholders'sharesequity3,488,980

3,488,980(919) 4,926,335

4,926,335(26,865)(26,865)(26,865)(26,865)

3,462,115

3,462,115(919) 4,899,470

4,899,470

3,016

3,016

-

-

401,891

401,891

404,907404,907(919) 5,304,378

5,304,378

401,891

401,891

1,508

1,508

1,508

401,891

401,891

725,645715,645715,6453,864,006

3,864,006-

Non-consolidated Statements of Cash Flows(Thousand yen)
For the fiscal yearended July 31,2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for shareholder
benefit program
Interest and dividend income
Interest expenses
Loss on retirement of property, plant and equipment
Loss (gain) on sale of property, plant and equipment
Loss on retirement of intangible assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxesOther, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Refund of guarantee deposits received
Guarantee deposits received
Purchase of other investments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from exercise of employee share options
Purchase of treasury shares
Repayments of lease liabilities
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

For the fiscal year
ended July 31,2022

866,506
336,289
74,738
10,594

617,595
610,147
95,47820,74931,72029,807(10,733)
1,602
12,0793,967
15,836(97,308)(124,023)
1,463(319,236)(52,490)751,003
10,733(1,913)(390,424)
369,399(12,354)
5,073
19,293(22,916)(51,424)(113,093)
29,647
328,7313,563
1,560,298
12,354(5,062)(357,709)
1,209,881(2,580,233)
5,593(123,098)(35,759)
16,029(238)(1,419,238)
65,016(120,529)(16,000)
14,495(1,168)131372(2,460)36,540(5,844)(2,689,339)(9,000)20,961(5,879)(1,470,971)

2,000,000(69,750)
16,067(236)(894)
1,945,186(374,754)
1,847,192
1,472,438

500,000(239,400)
3,016
(120)
263,495
2,405
1,472,438
1,474,844