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 ManagerPhone: (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%

3,015
2,683

12.4
9.3

312
100

211.7(69.4)

357
132

168.9
(62.5)

225
94

139.3
(58.1)

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

Diluted earnings pershare
Yen

Yen

20.86
8.74

20.57
8.60

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

Net assets

Million yen

9,0508,859
As of October 31, 2022:
As of July 31, 2022:

Capital adequacy ratio

Million yen¥
¥

5,530
5,304
5,530 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

-

15.00

15.00

Fiscal year ending July 31, 2023

0.00
(Forecast)(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- yenYear-endTotal

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
12,70013.2700
24.7(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen%

Yen

420

9.9860

21.2

260

2.0

24.09

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
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, net
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Contract liabilities
Lease liabilities
Accounts payable - other
Current portion of long-term borrowings
Income taxes payable
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

As of October 31,2022

1,474,844
1,019,139
287,792
28,053
481,462(58,705)
3,232,587

1,602,693
987,049
436,868
34,740498,861(59,243)
3,500,971

3,016,529
1,305,483
767,050
5,089,063
329,146

2,999,555
1,256,236
767,3225,023,114
343,285

223,394(14,666)
208,727
5,626,937
8,859,525

196,461(13,099)
183,3615,549,762
9,050,733

570,916
11,458720
403,436
239,400
54,512
61,52765,544
1,407,517

561,691
10,850720
375,899
239,400
133,893
27,64583,557
1,433,658

1,951,450
2,762
193,417
2,147,630
3,555,147

1,891,600
2,582192,009
2,086,192
3,519,850

725,645715,6453,864,006(919)
5,304,378
5,304,378
8,859,525

726,282
716,282
4,089,237(919)
5,530,882
5,530,882
9,050,733

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
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Compensation income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Bad debt expenses
Provision of allowance for doubtful accounts
Depreciation
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit

For the three months
ended October 31,2022

2,683,155
2,061,016
622,139521,741
100,397

3,015,351
2,048,023
967,328
654,400
312,927

2,860
25,841
12,496
41,1983,244
39,27912,05454,577

1,320
6,406
86
869
8,684
132,911

1,227
4,623
1,630
(454)
2,590
436
10,054357,451

7,090
7,090
125,821
25,196
6,520
31,717
94,10413
13357,437
124,153
8,053
132,206
225,230