Summary of Consolidated Financial Results for the Three Months Ended June 30, 2024
[Japanese Standards] (Consolidated)
August 2 , 2024
Company name:
OKAMOTO INDUSTRIES, INC.
Stock exchange listing:Tokyo
Stock code:
5122
URL https://www.okamoto-inc.jp/
Representative:
Kunihiko Okamoto, President
Inquiries:
Hisao Hosoya, Executive Officer （Accounting Dept.）
Scheduled date to commence dividend payments:
No
Supplemental material on quarterly results:
No
Presentation on quarterly results:(Amounts less than one million yen are rounded down)
1.Consolidated financial results for the three months ended June 30, 2024
(from April 1, 2024 to June 30, 2024)(1) Consolidated operating results(cumulative)(％ represents changes over the same period in the previous fiscal year.)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent
Millions of yen％ Millions of yen％ Millions of yen％ Millions of yen％
Three months ended June 30, 2024
26,066
3.4
2,538
10.7
3,592
9.7
2,210 △ 19.3
Three months ended June 30, 2023
25,208
12.1
2,294
26.5
3,274
27.7
2,740
68.5
Three months ended June 30, 2024 :
4,551 million yen△ 26.1 ％(Note) Comprehensive income:Three months ended June 30, 2023 :
6,160 million yen
188.4 ％Net income per shareyen
126.27
155.67

Three months ended June 30, 2024
Three months ended June 30, 2023

Diluted net income per shareyen-(2) Consolidated financial position
As of June 30, 2024
As of March 31, 2024(Reference) Own capital:

Total assets
Millions of yen
146,197
143,858
As of June 30, 2024 :
90,978 million yen
As of March 31, 2024 :
88,659 million yen

Net assets
Millions of yen
93,931
91,581Equity ratio
％
62.2
61.6

2.Dividends
Cash dividends per share
End of first quarterEnd of second quarter

yen-yen
55.00

yen-

yen
80.00

yen
135.0060.00-60.00120.00FY Ended March 31, 2024
FY Ended March 31, 2025
FY Ended March 31, 2025 (forecast)(Note) Revision of the latest dividend forecast announced:

Millions of yen

Operating income％Year-end

Total

No

3.Forecasts of consolidated financial results for the year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)
Net sales

End of third quarter

Millions of yen

Six months ended
54,7007.3
4,650
September 30, 2024
Full year
111,000
4.6
9,250(Note) Revision of the latest consolidated results forecast announced:％No(％ represents changes over the previous fiscal year.)
Profit attributable to
Net income
Ordinary income
owners of parent
per share
Millions of yen％
Millions of yen％
yen

△ 2.5

5,200

△ 13.43,550△ 22.5201.98△ 7.9

10,400△ 14.0

6,700

△ 9.3

381.19

*Notes(1) Changes in status of significant subsidiaries during the three months ended June 30, 2024
(changes in status of specified subsidiaries accompanying changes in consolidated)
1 Subsidiaries excluded:
Newly consolidated subsidiaries:

Yes(2) Application of accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting principles, changes in accounting estimates, and retrospective restatements
Yes①Changes in accounting principles due to revisions to accounting standards:
No②Changes other than ①:No③Changes in accounting estimates:
No④Retrospective restatements:(4) Number of outstanding shares(common stock)①Number of outstanding shares at period-end(including treasury stock)②Number of treasury stocks at period-end③Average number of shares during the period(cumulative total for quarterly period)①②③

Three months ended June 30, 2024
Three months ended June 30, 2024
Three months ended June 30, 2024

17,899,367
469,705
17,503,064

FY Ended March 31, 2024
FY Ended March 31, 2024
Three months ended June 30, 2023

*The current quarterly financial results are not subject to quarterly review procedures by certified public accountant or by auditing firm.
*Explanation relating to the appropriate use of forecasts of business results and other items of note.
The forecasts included in this document are based on the currentry available information and certain assumptions that we believe reasonable.
Actual results, etc. may differ from projections due to a variety of reasons.

18,099,367
557,186
17,604,090

Consolidated Quarterly Financial Statements and Notes
Consolidated Quarterly Balance Sheets

As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Accounts receivable-trade
Electronically recorded monetary claims-operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Long-term time deposits
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets(millions of yen)
As of June 30, 2024

39,872
1,683
18,498
8,118
8,984
2,552
3,960
1,864
△ 46
85,487

39,202
1,674
17,5958,11110,179
2,805
4,389
2,097
△ 53
86,002

20,588
1,901

21,7892,212

1,000
33,187992
183
518
35,88158,371
143,858

1,000
34,532
164
497△036,193
60,195
146,197

As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations-operating
Short-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets(millions of yen)
As of June 30, 2024

24,954
2,295
2,212
1,452
1,057
5,004
36,97623,9482,548
2,218641
587
6,080
36,025

1,138
6,120
7,320
721
15,301
52,277

1,132
7,041
7,310
756
16,24052,265

13,047567
55,612△ 2,437
66,79013,047567
55,426△ 2,166
66,87518,030△03,779
59
21,8682,921
91,581
143,858

19,49814,550
53
24,103
2,953
93,931
146,197

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive Income
Consolidated Quarterly Statements of Income
Three months ended June 30, 2024
Three months ended
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Freightage and packing expenses
Other selling expenses
Salaries and bonuses
Provision for bonuses
Retirement benefit expenses
Other general and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividends income
Real estate rent
Foreign exchange gains
Equity in earnings of affiliates
Other income
Total non-operating income
Non-operating expenses
Interest expenses
Equity in losses of affiliates
Rent expenses on real estates
Other expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Total extraordinary gain
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
Other loss
Total extraordinary loss
Profit before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Profit attributable to non-controlling interests
Profit attributable to owners of parent(Millions of yen)Three months ended

June 30, 2023
25,20819,4705,737

June 30, 2024
26,066
19,816
6,249

801
664
821
181
35
939
3,443
2,294

928
712
862
186
28
993
3,710
2,538

12440134393
1932
1,033

13504
164
393
73
1,149

8
26
18
53
3,274

6329
54
95
3,592

-00047
148
3,225
382
68
451
2,774
34
2,740

19472
491
3,102
636
273
909
2,193
△ 172,210

Consolidated Quarterly Statements of Comprehensive Income
Three months ended June 30, 2024
Three months ended
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of associates accounted for using
equity method
Total accumulated other comprehensive income
Comprehensive income(comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests(Millions of yen)Three months ended

June 30, 2023
2,774

June 30, 2024
2,193

3,123
2248
0

1,521
3838
△510-

3,385
6,160

2,357
4,551

6,132
27

4,506
44

Information about net sales,profit or loss,assets,liabilities and other items by reportable segment
Three months ended June 30, 2023(Millions of yen)
Reportable segment

Industrial
Products

HouseholdProducts(*)Other(***)Amountrecorded on the(**)Adjustment consolidated
quarterlystatements

Total

Total

Net sales
Sales to external customers

16,746

8,391

25,13770

25,208-25,208

33

153

187

777

964

△ 964-

16,7798,545

25,324848

26,172△ 964

25,208

496

2,262

2,759

95

2,854

△ 560

2,294

Intersegment sales ortransfers
Total
Segment profit (loss)* The Other category is the business segment that is not included in the reportable segments, and include the group logistics

business and solar power business.
** Adjustment is as follows:(1) The adjustment to segment profit represents positive 10 million yen in intersegment eliminations and negative 571 milion in the general
corporate expenses. The general corporate expenses mainly include general and administrative expenses that are not attributable to
the reportable segments.
*** Segment profit is coordinated with the operating income in the consolidated statements.
※ In the Industrial Products business and the Household Products business segment, impairment loss on fixed assets wasrecorded at 47 million yen. The impairment loss was recorded at 33 million yen in the Industrial Products business and14 million yen in the Household Products business for the first quarter of the fiscal year ended March 31, 2024.

Three months ended June 30, 2024
(Millions of yen)
Reportable segment

Industrial
Products

HouseholdProducts(*)Other

Total

Total

(***)Amountrecorded on the(**)Adjustment consolidated
quarterlystatements

Net sales
Sales to external customers

18,105

7,892

25,99768

26,066-

26,066

22

162

185

830

1,015

△ 1,015-

18,128

8,054

26,182898

27,081△ 1,015

26,0666602,347

3,007

124

3,131

△ 593

2,538

Intersegment sales ortransfers
TotalSegment profit (loss)* The Other category is the business segment that is not included in the reportable segments, and include the group logistics

business and solar power business.
** Adjustment is as follows:(1) The adjustment to segment profit represents positive 11 million yen in intersegment eliminations and negative 604 milion in the general
corporate expenses. The general corporate expenses mainly include general and administrative expenses that are not attributable tothe reportable segments.
*** Segment profit is coordinated with the operating income in the consolidated statements.
※ In the Industrial Products business segment, impairment loss on fixed assets was recorded at 472 million yen.
The impairment loss was recorded at 472 million yen for the first quarter of the fiscal year ended March 31, 2025.