This document is an English translation of the original document in Japanese and has been prepared for reference purposes
only. In the event of any discrepancy between this English translation and the original in Japanese, the original shallprevail.

July 25, 2024

Non-consolidated Financial Results
for the Three Months Ended June 30, 2024
[Under Japanese GAAP]
Company name: KOMATSU WALL INDUSTRY CO., LTD.
Listing: Tokyo Stock Exchange
Securities code: 7949
URL: https://www.komatsuwall.co.jp/
Representative: Shinya Kano, Representative Director, President & CEO
Contact: Yukio Aya, Director and Managing Executive Officer, General Manager of Administration Headquarters
Telephone: +81-761-21-3131
Scheduled date of commencing dividend payments: –Availability of supplementary briefing material on financial results: Available
Schedule of financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Non-consolidated Operating Results(% indicates year-on-year changes.)
Net sales
Three months ended
June 30, 2024
June 30, 2023

Three months ended
June 30, 2024
June 30, 2023

Million yen

9,186
8,908

Operating profit
%

3.1
21.2

Basic earnings
per share

Million yen

224
399

Ordinary profit%(43.7)–

Million yen

Profit%236 (48.3)
456–

Diluted earnings
per share
Yen

Yen

16.84
36.22(2) Non-consolidated Financial Position
Total assets
Million yen––

Net assets

As of June 30, 2024
45,856
As of March 31, 2024
47,455(Reference) Equity: As of June 30, 2024: ¥37,577 million
As of March 31, 2024: ¥38,067 million

Million yen

37,57738,067

Equity ratio%

81.9
80.2

Million yen

157
336%

(53.3)–

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Yen

Annual dividends
3rdYear-end
quarter-end
Yen

Fiscal year ended March 31, 2024–
55.00
Fiscal year ending March 31, 2025–
Fiscal year ending March 31, 2025
60.00
(Forecast)(Note) Revision to the dividends forecast announced most recently: NoTotal

Yen

Yen

–

70.00

125.00–70.00

130.003. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March31, 2025)(% indicates year-on-year changes.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Profitper share
Million yen%

Million yen%

Million yen%First half
20,8005.6
1,000 (23.1)
1,020 (25.7)
Full year
46,000
5.6
3,800
4.4
3,850
3.2(Note) Revision to the financial results forecast announced most recently: No

Million yen%

660 (30.6)
2,850
2.7

Yen

70.88
306.06* Notes:(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: No
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):
As of June 30, 2024: 10,903,240 shares
As of March 31, 2024: 10,903,240 shares2) Total number of treasury shares at the end of the period:
As of June 30, 2024: 1,576,197 shares
As of March 31, 2024: 1,580,397 shares
3) Average number of shares during the period (cumulative from the beginning of the fiscal year):Three months ended June 30, 2024: 9,325,935 shares
Three months ended June 30, 2023: 9,287,544 shares(Note) The total number of treasury shares at the end of the period and the number of treasury shares deducted in
calculating the average number of shares during the period includes the Company’s shares held by Custody
Bank of Japan, Ltd. (Trust E Account) as trust assets related to the Board Benefit Trust (BBT) system (June30, 2024: 138,800 shares; March 31, 2024: 143,000 shares; June 30, 2023: 178,500 shares).
* Review by certified public accountants or audit firms of the attached quarterly non-consolidated financial
statements: None
* Explanation of the proper use of financial results forecast and other notes
The financial results forecasts and other forward-looking statements herein are based on the information currently
available to the Company and certain assumptions deemed reasonable. Actual results may differ significantly fromthese forecasts due to a wide range of factors. For the conditions underlying the financial results forecast and theprecautions for using the financial results forecast, please refer to page 3 of the attached document, “1. Qualitative

Information on Quarterly Financial Results for the Period under Review, (3) Explanation of Non-consolidated
Financial Results Forecast and Other Forward-looking Information.”Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results for the Period under Review .................................. 2(1) Explanation of Operating Results .............................................................................................................. 2(2) Explanation of Financial Position .............................................................................................................. 2(3) Explanation of Non-consolidated Financial Results Forecast and Other Forward-looking Information ... 3
2. Matters Related to Summary Information (Notes) ......................................................................................... 3(1) Adoption of Accounting Treatment Specific to the Preparation of Quarterly Non-consolidated FinancialStatements .................................................................................................................................................. 3(2) Changes in Accounting Policies, Changes in Accounting Estimates and Retrospective Restatement .............. 3
3. Important Events Related to Going Concern Assumption .............................................................................. 34. Quarterly Non-consolidated Financial Statements and Primary Notes .......................................................... 4(1) Quarterly Non-consolidated Balance Sheets .............................................................................................. 4(2) Quarterly Non-consolidated Statements of Income ................................................................................... 6(3) Notes to the Quarterly Non-consolidated Financial Statements ................................................................. 7(Notes to Segment Information, etc.) .......................................................................................................... 7(Notes in the Case of Significant Changes in Shareholders’ Equity) .......................................................... 7(Notes to Going Concern Assumption) ....................................................................................................... 7(Notes to Non-consolidated Statements of Cash Flows) ............................................................................ 71

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the three months ended June 30, 2024, the Japanese economy faced a downward risk posed by thedownturn in overseas economic conditions, with interest rates remaining at high levels in the United States andEurope. However, steady progress was made towards the normalization of social and economic activities, andthe economy continued gradual recovery, with an improvement in employment and income conditions.
Under this situation, the Company pursued three basic policies based on the medium-term management plan,“NEXT VISION 2028”: “Growth of existing partition business,” “Creation of new products,” and “Enhancementof production and logistics operations.” As one of those initiatives, the Company opened a new area at the Tokyo
Showroom by expanding the floor. The Company will utilize the new area effectively to capitalize on officedemand, which is expected to remain solid, and deliver growth.
Regarding operating results for the three months ended June 30, 2024, net sales were ¥9,186 million (up 3.1%year on year), as sales of fixed partitions and relocatable partitions remained solid, meeting the demand in thesegments of welfare and healthcare facilities and school and sports facilities. Orders received were ¥12,293
million (up 9.5% year on year), and order backlog totaled ¥19,787 million (up 4.9% year on year). In particular,relocatable partitions showed positive growth in both orders received and order backlog.
On the profitability front, the gross profit margin was 33.5% (an improvement of 0.3 percentage points year
on year), falling short of offsetting the increase in selling, general and administrative expenses due to an increase
in rental fees resulting from the showroom floor expansion, an increase in logistics expenses, and other factors.
As a result, operating profit was ¥224 million (down 43.7% year on year), ordinary profit was ¥236 million (down
48.3% year on year), and profit was ¥157 million (down 53.3% year on year).
Net sales, orders received, and order backlog by item for the three months ended June 30, 2024 are as follows.
Net Sales, Orders Received, and Order Backlog by Item

(Million yen)Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Item
Relocatable partitions
Fixed partitions
Toilet booths
Movable partitions
Low partitions
OthersTotal

Net sales
Year-on-year
Amountchange (%)
4,270
104.2
1,958
109.0
1,305
99.9
1,230
96.6
117
80.4
304
106.2
9,186
103.1

Orders received
Year-on-year
Amountchange (%)
5,426
122.3
2,769
93.3
2,015
104.2
1,609
111.6
134
86.0
338
116.4
12,293
109.5

Order backlog
Year-on-year
Amountchange (%)
5,209
114.9
5,835
106.5
3,848
102.4
4,435
97.2
84
87.3
373
86.1
19,787104.9(2) Explanation of Financial Position
Regarding the financial position as of the end of the first quarter of the fiscal year under review, total assets
decreased by ¥1,598 million from the end of the previous fiscal year, to ¥45,856 million.
In terms of assets, current assets decreased by ¥1,823 million from the end of the previous fiscal year, to¥30,715 million. This is mainly due to decreases in notes and accounts receivable - trade, and contract assets of¥2,517 million and electronically recorded monetary claims - operating of ¥148 million, despite increases in cash
and deposits of ¥628 million and inventories of ¥218 million. Non-current assets increased by ¥225 million fromthe end of the previous fiscal year, to ¥15,140 million. This is mainly due to an increase in property, plant andequipment of ¥297 million and other factors.
In terms of liabilities, current liabilities decreased by ¥1,125 million from the end of the previous fiscal year,
to ¥5,815 million. This is mainly due to decreases in provision for bonuses of ¥805 million, income taxes payableof ¥635 million, accounts payable - trade of ¥553 million, and accrued consumption taxes included in “Other”
under current liabilities of ¥675 million, despite an increase in accounts payable - personnel expenses included
in “Other” under current liabilities of ¥1,376 million. Non-current liabilities increased by ¥16 million from theend of the previous fiscal year, to ¥2,463 million.

2In terms of net assets, the total amount of net assets decreased by ¥490 million from the end of the previousfiscal year, to ¥37,577 million. This is mainly due to a decrease in retained earnings of ¥505 million resulting
from the payment of dividends of surplus of ¥662 million and the recording of profit of ¥157 million. As a result,the equity ratio stood at 81.9%.

(3) Explanation of Non-consolidated Financial Results Forecast and Other Forward-looking Information
In terms of the non-consolidated financial results forecast for the first half and the full year of the fiscal year
ending March 31, 2025, there is no change to the non-consolidated financial results forecast announced on April
25, 2024.

2. Matters Related to Summary Information (Notes)(1) Adoption of Accounting Treatment Specific to the Preparation of Quarterly Non-consolidated FinancialStatements
There are no applicable matters.
(2) Changes in Accounting Policies, Changes in Accounting Estimates and Retrospective Restatement
There are no applicable matters.

3. Important Events Related to Going Concern Assumption
There are no applicable matters.

3

4. Quarterly Non-consolidated Financial Statements and Primary Notes(1) Quarterly Non-consolidated Balance Sheets(Million yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Inventories
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Machinery, equipment and vehicles
LandOtherAccumulated depreciation
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
Income taxes payable
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Provision for retirement benefits
Provision for share awards for directors (and otherofficers)
Other
Total non-current liabilities
Total liabilities

4As of June 30, 2024

17,64018,26910,283

7,765

3,334
1,123
158
(0)
32,5393,186
1,341
153(0)
30,715

11,600
7,693
4,646
1,781
(13,954)
11,767385

11,938
7,718
4,646
1,941
(14,180)
12,064
380

2,770
(6)
2,763
14,91547,455

2,703
(7)
2,695
15,14045,856

2,350
680
1,360
21
2,528
6,940

1,796
44
555

1,887

1,905

212

204

346
2,447
9,388

353
2,463
8,279

–

3,418
5,815

(Million yen)
As of March 31, 2024
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

5As of June 30, 2024

3,099
3,035
34,361(2,525)37,9703,099
3,035
33,855(2,518)37,47296
96
38,06747,455105
105
37,57745,856

(2) Quarterly Non-consolidated Statements of Income(Three Months Ended June 30)(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance claim income
Rental income from buildings
Other
Total non-operating income
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale and 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 June 30, 2023
8,908
5,948
2,960
2,561
399

For the three months
ended June 30, 2024
9,186
6,107
3,078
2,853
224

04416457
456

042311236

0000––

33233
(2)
7876
157

457
16104
121
336

6–

(3) Notes to the Quarterly Non-consolidated Financial Statements(Notes to Segment Information, etc.)
This information is omitted because the Company operates in a single segment of manufacturing, sales, andinstallation of partition products and their ancillary operations.
(Notes in the Case of Significant Changes in Shareholders’ Equity)
There are no applicable matters.
(Notes to Going Concern Assumption)
There are no applicable matters.
(Notes to Non-consolidated Statements of Cash Flows)

The Company did not prepare quarterly non-consolidated statements of cash flows for the three months ended
June 30, 2024. Depreciation (including amortization of intangible assets) is as follows for the three months ended
June 30, 2023 and the three months ended June 30, 2024.
(Million yen)
For the three months
For the three months
ended June 30, 2023
ended June 30, 2024
Depreciation
2562737