Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
July 26, 2024
Company name: TAKAOKA TOKO CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 6617
URL: https://www.tktk.co.jp/
Representative: Takashi Ichinose, President and Representative Director
Contact: Yasuhiro Munekawa, Executive Officer and General Manager, Finance & Accounting Department
Phone: +81-3-6371-5026
Scheduled date of commencing dividend payments: –Availability of supplementary explanatory materials on financial results: Not available
Schedule of financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024–June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2024
23,699
9.0
1,143
0.9
1,154
(3.2)
576 (17.5)
June 30, 2023
21,7398.5
1,133 (18.4)
1,192 (21.3)
699 (29.8)(Note) Comprehensive income: Three months ended June 30, 2024: ¥821 million [(26.5)%]
Three months ended June 30, 2023: ¥1,118 million [(5.7)%]
Basic earnings
Diluted earnings
per shareper share
Three months ended
Yen
Yen
June 30, 2024
35.98–
June 30, 2023
43.29–
(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Million yen%

108,449
As of June 30, 2024
63,522
116,627
As of March 31, 2024
63,839(Reference) Equity: As of June 30, 2024: ¥58,310 million
As of March 31, 2024: ¥58,250 million

53.8
49.9

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Year-end

Fiscal year ended
–
25.00
–
March 31, 2024
Fiscal year ending–
March 31, 2025
Fiscal year ending
March 31, 2025
25.00–
(Forecast)(Note) Revision to the forecast for dividends announced most recently: None
(Note) Breakdown of the year-end dividends for the fiscal year ended March 31, 2024:
Ordinary dividends: 25.00 yen; special dividends: 10.00 yen

Total
Yen

Yen

35.00

60.00

25.00

50.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024–March 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper share
parentMillion yen%

Million yen% Million yen% Million yen

Full year
105,000 (2.2)
4,000 (51.5)
4,200(47.6)(Note) Revision to the financial results forecast announced most recently: None

2,500

%

(46.4)

Yen

155.46

Notes:(1) Significant changes in the scope of consolidation during the period under review: None
Newly included: –Excluded: –(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of shares issued (common shares)
1) Total number of shares issued at the end of the period (including treasury shares):
June 30, 2024:
16,276,305 shares
March 31, 2024:
16,276,305 shares2) Total number of treasury shares at the end of the period:
June 30, 2024:
238,305 shares
March 31, 2024:
238,066 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
16,038,124 shares
Three months ended June 30, 2023:
16,154,100 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified
public accountants or an audit firm: Yes (voluntary)* Explanation of the proper use of financial results forecast and other notes
The financial results forecast and other forward-looking statements contained in this material are based on theinformation currently available to the Company and certain assumptions deemed reasonable, and the Company does
not guarantee the achievement of these projections. In addition, actual financial results, etc. may differ significantly
due to various factors. For preconditions for the financial results forecast and precautions for using the financial
results forecast, please see “1. Qualitative Information on Quarterly Financial Results (3) Explanation ofConsolidated Financial Results Forecast and Other Forward-looking Information” on page 4 of the attachments.

Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results .........................................................................2(1) Explanation of Operating Results ........................................................................................................2(2) Explanation of Financial Position .......................................................................................................3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information .....3
2. Quarterly Consolidated Financial Statements and Principal Notes .........................................................4(1) Quarterly Consolidated Balance Sheets ..............................................................................................4(2) Quarterly Consolidated Statements of Income and Comprehensive Income ......................................6(3) Notes to Quarterly Consolidated Financial Statements .......................................................................8(Notes on going concern assumption) ............................................................................................8(Notes in case of significant changes in shareholders’ equity) .......................................................8(Segment information, etc.) ............................................................................................................8(Note on Statement of Cash Flows) ........................................................................................................ 9

1

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
Incidents of impropriety regarding extra-high-voltage transformer products (announced on January 22, 2024)*1,
and also incidents of impropriety regarding certain instrument transformer products*2 (announced on May 14,2024)*3 were identified in the course of performing the total quality inspection for all products of the Company
following the announcement of incidents of impropriety regarding certain instrument transformer products madein May 2023 (announced on May 16, 2023)*4. We would like to once again express our deepest apologies to ourcustomers and other stakeholders for any inconvenience and concern these may have caused.
The impact related to these incidents in the first quarter of the current financial year under review was
limited to a minor extent.
The Company will complete the above-mentioned total quality inspection for all products as soon as
possible and take necessary actions such as corrective measures and explanations to customers, as well as
formulate and implement reform measures and recurrence prevention measures to restore the Company to a
position where safety, quality and compliance are the highest priorities, so that such an incident will not occur
again in the future, and restore trust in the Company. These measures will be announced as soon as they are
finalized.
As part of the reform measures, Risk Management and Compliance Department was established on July 1with the aim of establishing a system responsible for overseeing risk management, safety and complianceactivities across the Group and to kaizen and strengthen the internal control system.
*1: Published on the Company’s website on January 22, 2024:
https://ssl4.eir-parts.net/doc/6617/tdnet/2382637/00.pdf (available in Japanese)*2: Transformers are devices that change directly immeasurable high voltage or high current into measurable low voltage or
low current. They are attached to electrical power system equipment and users’ substation equipment and are used tomeasure voltage, current, and power, as well as for protection and control.
*3: Published on the Company’s website on May 14, 2024:
https://ssl4.eir-parts.net/doc/6617/tdnet/2440387/00.pdf (available in Japanese)*4: Published on the Company’s website on May 16, 2023:
https://www.tktk.co.jp/en/news/assets/pdf/news_e20230516.pdf

Regarding the overall situation for the Group, the business environment is changing significantly andbecoming increasingly severe in the electric power industry which is our largest customer base. Global fuel prices
have risen rapidly against backdrop of the situation in Ukraine and competition has further intensified in the retailbusiness amid growing demands for realizing carbon neutrality, ensuring stable electricity supply andstrengthening disaster prevention functions and resilience within local communities, and a revenue cap system—a new system for consignment charges. Against this background, companies in the industry are working to
improve productivity and thoroughly reduce business costs. Meanwhile in Japan, the government has declaredits intention to become carbon neutral by 2050 as part of its efforts to realize a decarbonized society that has
encouraged the further spread of decentralized energy-related equipment including renewable energy, anddemand is rising for the development of charging infrastructure in preparation for the full-fledged emergence ofan EV society.
To respond proactively to this demand for electric vehicle (EV) charging infrastructure, we launched a
new brand, naming “SERA”*5 for our EV charger series in May 2024.
In addition to its original meaning of “future existence,” SERA also stands for Seamless Energy Relations& Activation. In this, we have included our hope that, through the widespread use of EV chargers, we will
seamlessly connect and activate energy and pioneer the future of energy.
Subsequently in July 2024, we launched aimaCHARGE as a new SERA service.
There are roughly two major types of needs for EV charging: the rapid charger for route charging and the2normal charger for basic charging. Now, we are focused on a new market area of “living area × destination ×
quick charging,” which has not yet been cultivated between the two markets. We will propose a new EV charging
style, where people do not go out to charge their EVs, but instead charge their EVs while they are running errands
at their destinations.
*5: Published on the Company’s website:

https://www.tktk.co.jp/ev-quickcharger/ (available in Japanese)

Despite a decline in sales for the Electric Equipment Business, net sales for the three months ended June30, 2024 totaled 23,699 million yen (up 9.0% year on year), mainly due to increases in Metering Business andthe GX Solution Business.
On the profit front, operating profit increased to 1,143 million yen (up 0.9% year on year) thanks to net
sales increase. On the other hand, due to the impact of foreign exchange fluctuations, ordinary profit decreased
to 1,154 million (down 3.2% year on year) and profit attributable to owners of parent decreased to 576 million(down 17.5% year on year).
The operating results for each business segment are detailed below.
In the Electric Equipment Business segment, net sales for the segment as a whole increased to 12,523
million yen (up 0.3% year on year) due to the increase in sales for general plant projects. This, however, was notenough to cover the decline in overseas construction projects and power distribution equipment, and segment
profit decreased to 1,072 million yen (down 2.2% year on year).
In the Metering Business segment, net sales for the segment as a whole rose to 8,256 million yen (up15.8% year on year) due to increases in sales for smart meters and replacement of expired meters, with segment
profit increasing to 1,442 million yen (up 40.6% year on year).
In the GX Solution Business segment, net sales for the segment as a whole increased to 2,415 million yen(up 120.3% year on year) due to an increase in EV chargers sales. Segment loss, however, expanded to 312
million yen (compared to segment loss of 234 million yen in the previous fiscal year) due to an increase of R&D
expenses.
In the Applied Optics Inspection System Business segment, sales of 3D inspection system decreased due
to investment restraint in the semiconductor industry. As a result, net sales for the segment as a whole decreased
to 258 million yen (down 67.0% year on year) and segment profit also decreased to 0 million yen (down 100.0%
year on year).
In Other Businesses segment, net sales for the segment as a whole declined to 244 million yen (down 0.2%
year on year) and segment profit increased to 165 million yen (up 1.6% year on year).

(2) Explanation of Financial Position
At the end of the first quarter under review, total assets decreased by 8,177 million yen compared to the end of
the previous fiscal year to 108,449 million yen. This was primarily due to decreases in trade receivables and cash
and deposits despite an increase in inventories.
Liabilities decreased by 7,860 million yen from the end of the previous fiscal year to 44,927 million yen.
This was primarily due to decreases in notes and accounts payable - trade, income taxes payable and provision
for bonuses despite an increase in contract liabilities.
Net assets decreased by 316 million yen from the end of the previous fiscal year to 63,522 million yen.
This was primarily due to dividends paid.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Regarding the full-year consolidated financial results forecast, we have not made any changes to the consolidated
financial results forecast announced on April 25, 2024.

3

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly 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
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
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of June 30, 2024

15,475

13,362

27,74919,463

1,976
2,475
17,434
7,668
1,952
(46)
74,687

3,182
2,291
18,077
8,255
1,619
(46)
66,20533,099(22,667)
10,432
22,765(20,353)
2,412
11,865(10,971)894
20,490378
34,60733,242(22,837)
10,40422,759(20,376)
2,382
11,914(11,077)
837
20,4901,002
35,117

1,943
1,943

1,936
1,936

1,372
110
1,739
1,298
868
(0)
5,389
41,940116,627

1,350
112
1,711
1,097
918
(0)
5,190
42,243
108,449

(Million yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Provision for repairs
Provision for environmental measures
Provision for product warranties
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
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

5

As of June 30, 2024

15,451
84
2,740
2,323
3,010
2,674
0
5,599
31,884

13,121
114
2,160
152
3,401
1,070
0
4,711
24,732

2,800
1,385
1,340
93
2,090

2,300
1,469
1,359
93
1,952

156

167

12,285751
20,90352,78812,092758
20,19544,9278,000
7,408
41,920(454)
56,8748,000
7,408
41,930(454)
56,883

391
30
452
501
1,375
5,588
63,839116,627

429
42
478
476
1,427
5,211
63,522
108,449

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly 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
Foreign exchange gains
Rental income from facilities
Sold power income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sold power expenses
Share of loss of entities accounted for using equity
methodOther
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the three months ended
June 30, 2023
21,73916,331
5,407
4,273
1,133

For the three months ended
June 30, 2024
23,69917,937
5,762
4,618
1,143

0
18
35
19
16
10
100

1
20
1
19
19
13
76

6
5

14
4

29

20

1
41
1,192

24
64
1,154

3
–
3

0
24
24

9
67
77
1,118
96
103
199
918
218
699

20
–
20
1,159
125
273
399
760
183
576

6

Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)

ProfitOther 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 entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the three months ended
June 30, 2023
918

For the three months ended
June 30, 2024
760

45
77
6
55

38
12
40
(25)

15

(4)

200
1,118

61
821

876

628

242

193

7

(3) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes in case of significant changes in shareholders’ equity)
Not applicable.

(Segment information, etc.)[Segment information]
I. For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information on net sales and profit or loss by reportable segment and information on disaggregated revenue(Million yen)
Electric
Equipment
Business

Reportable segment
Applied Optics
Metering
GX Solution
Inspection
Business
Business
SystemBusiness

Total

Other
(Note 1)Total

Net sales
Revenue arisingfrom contracts
12,483
7,131
1,096
782
21,494–
21,494
with customers
Other revenue
–
–
–
–
–
244
244
(Note 2)
Net sales to outside
12,483
7,131
1,096
782
21,494244
21,739customers
Inter-segment net
394
1,280
192
–
1,867
124
1,991
sales or transfers
Total
12,878
8,411
1,289
782
23,361
368
23,730
Segment profit (loss)
1,096
1,026
(234)
248
2,137
163
2,300
(Notes) 1. The “Other” includes a real estate leasing business.
2. Other revenue includes real estate leasing revenue included in the scope of “Accounting Standard for Lease
Transactions.”

2. Differences between total profit or loss of reportable segments and amounts in quarterly consolidated
statements of income and main details (Description of adjustments)(Million yen)AmountProfit

2,137
163
19
(1,199)13

Total segment profit of reportable segments
Segment profit of “Other”
Elimination of intersegment transactions
Corporate expenses (Note)
Other adjustments
Operating profit in the quarterly consolidated
statements of income(Note)

1,133

Corporate expenses mainly represent general and administrative expenses not
attributable to any reportable segments.

8II. For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on net sales and profit or loss by reportable segment and information on disaggregated revenue(Million yen)
Electric
Equipment
Business

Reportable segment
Applied Optics
Metering
GX Solution
Inspection
Business
Business
SystemBusiness

Total

Other
(Note 1)Total

Net sales
Revenue arisingfrom contracts
12,523
8,256
2,415
258
23,455–23,455
with customers
Other revenue
–
–
–
–
–
244
244
(Note 2)
Net sales to outside
12,523
8,256
2,415
258
23,455244
23,699customers
Inter-segment net
375
1,426
183
–
1,985
127
2,113
sales or transfers
Total
12,899
9,683
2,599
258
25,440371
25,812
Segment profit (loss)
1,072
1,442
(312)
0
2,203
165
2,369
(Notes) 1. The “Other” includes a real estate leasing business.
2. Other revenue includes real estate leasing revenue included in the scope of “Accounting Standard for Lease
Transactions.”

2. Differences between total profit or loss of reportable segments and amounts in quarterly consolidated
statements of income and main details (Description of adjustments)(Million yen)AmountProfit

2,203
165
42
(1,302)33

Total segment profit of reportable segments
Segment profit of “Other”
Elimination of intersegment transactions
Corporate expenses (Note)
Other adjustments
Operating profit in the quarterly consolidated
statements of income(Note)

1,143

Corporate expenses mainly represent general and administrative expenses not
attributable to any reportable segments.

(Note on Statement of Cash Flows)
Quarterly consolidated statements of cash flows have not been prepared for the three months ended June 30,2024. Below are depreciation and amortization expenses (including amortization expenses related to intangible
assets apart from goodwill) for the three months ended June 30, 2024.
(Million yen)

Depreciation and amortization expenses

For the three months ended
June 30, 2023
547

9

For the three months ended
June 30, 2024
584

Independent Auditor’s Interim Review Report on Quarterly Consolidated Financial Statements
July 26, 2024
To the Board of Directors of TAKAOKA TOKO CO., LTD.

ARK LLC, Tokyo Head Office
Mahito Chiba
Designated Limited Liability Partner
Engagement Partner
Certified Public Accountant
Hayato Matsumoto
Designated Limited Liability Partner
Engagement Partner
Certified Public Accountant
Conclusion
We have reviewed the quarterly consolidated financial statements of TAKAOKA TOKO CO., LTD. (the “Company”) listed
in the “Attachments” of the Quarterly Financial Results which comprise the quarterly consolidated balance sheets,
quarterly consolidated statements of income and comprehensive income and related notes for the first quarter (April 1,
2024 to June 30, 2024) and the first three-month period (April 1, 2024 to June 30, 2024) of the fiscal year from April 1,
2024 to March 31, 2025.
In our interim review, nothing has come to our attention that causes us to believe that the accompanying quarterly
consolidated financial statements are not prepared, in all material respects, in accordance with Article 4, Paragraph 1 of
the Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange, Inc. and accounting
standards that are generally accepted in Japan for quarterly financial statements (however, the provisions for reduced
disclosure as set forth in Article 4, Paragraph 2 of the Standards for Preparation of Quarterly Financial Statements shallapply).
Basis for Conclusion
We conducted an interim review in accordance with interim review standards generally accepted in Japan. Our
responsibility under those standards is further described in the “Auditor’s Responsibility in the Interim Review of theQuarterly Consolidated Financial Statements” of our report. We are independent of the Company and its consolidated
subsidiaries in accordance with the professional ethics regulations in Japan, and have fulfilled our other ethicalresponsibilities as an auditor. We believe that we have obtained evidence to provide a basis for our conclusion.
Responsibilities of Management and Audit and Supervisory Committee for the Quarterly Consolidated Financial
Statements
Management is responsible for the preparation of quarterly consolidated financial statements in accordance with Article 4,
Paragraph 1 of the Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange, Inc. andaccounting standards that are generally accepted in Japan for quarterly financial statements (however, the provisions for
reduced disclosure as set forth in Article 4, Paragraph 2 of the Standards for Preparation of Quarterly Financial Statements
shall apply). This includes designing and operating such internal control as management determines necessary to enable
the preparation of quarterly consolidated financial statements that are free from material misstatement, whether due tofraud or error.
In preparing the quarterly consolidated financial statements, management is responsible for assessing whether it is10appropriate to prepare the quarterly consolidated financial statements based on a going concern assumption, as required
by Article 4, Paragraph 1 of the Standards for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange,
Inc. and accounting standards that are generally accepted in Japan for quarterly financial statements (however, theprovisions for reduced disclosure as set forth in Article 4, Paragraph 2 of the Standards for Preparation of Quarterly
Financial Statements shall apply).
The Audit and Supervisory Committee is responsible for overseeing the execution of duties by Directors in designing andoperating the financial reporting process.
Auditor’s Responsibility in the Interim Review of the Quarterly Consolidated Financial Statements
Our responsibility is to express a conclusion from an independent perspective on these quarterly consolidated financial
statements based on our interim review as independent auditor.
We make professional judgment and maintain professional skepticism throughout the interim review in accordance with
the interim review standards generally accepted in Japan as below.
・ Make inquiries, primarily of management and persons responsible for financial and accounting matters, and apply
analytical procedures and other interim review procedures. Such a review is substantially less in scope than an audit
conducted in conformity with auditing standards generally accepted in Japan.
・ If we determine a material uncertainty exits related to events or conditions that may cast significant doubt on the
Company’s ability to continue as a going concern, we conclude based on the evidence obtained, on whether anything
has come to our attention that causes us to believe that the quarterly consolidated financial statements are not preparedin accordance with Article 4, Paragraph 1 of the Standards for Preparation of Quarterly Financial Statements of theTokyo Stock Exchange, Inc. and accounting standards that are generally accepted in Japan for quarterly financial
statements (however, the provisions for reduced disclosure as set forth in Article 4, Paragraph 2 of the Standards for
Preparation of Quarterly Financial Statements shall apply). In addition, if we conclude that a material uncertainty
exits, we are required to draw attention in our auditor’s interim review report to the related disclosures in the quarterly
consolidated financial statements, or if such disclosures are inadequate, to express a qualified or adverse conclusion.
Our conclusions are based on evidence obtained up to the date of our interim review report. However, future events
or conditions may cause the Company to cease to continue as a going concern.
・ Evaluate whether anything has come to attention that causes us to believe that the presentation and notes to thequarterly consolidated financial statements are not prepared in accordance with Article 4, Paragraph 1 of the Standards
for Preparation of Quarterly Financial Statements of the Tokyo Stock Exchange, Inc. and accounting standards thatare generally accepted in Japan for quarterly financial statements (however, the provisions for reduced disclosure as
set forth in Article 4, Paragraph 2 of the Standards for Preparation of Quarterly Financial Statements shall apply).
・ Obtain evidence regarding financial information of the Company and its consolidated subsidiaries as a basis forexpressing a conclusion on the quarterly consolidated financial statements. We are responsible for the direction,
supervision and review of the quarterly consolidated financial statements. We remain solely responsible for ourconclusion.
We report to the Audit and Supervisory Committee on the planned scope and timing of the interim review and significant
review findings.
We also report to the Audit and Supervisory Committee that we have complied with the ethical requirements regarding
independence in Japan as well as matters that are reasonably considered to have an impact on the auditor’s independence,
and where applicable, measures taken to eliminate inhibiting factors or safeguards applied to reduce them to an acceptablelevel.
Interest required to be disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Company and its consolidated subsidiaries

11which is required to be disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.
End
Notes: 1. The original copy of the above Independent Auditor’s Interim Review Report is in the custody of the Company(a company that discloses quarterly financial results).
2. The XBRL data and HTML data are excluded from the scope of the Interim Review.

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