Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

July 5, 2024

Consolidated Financial Results
for the Six Months Ended May 31, 2024
(Under Japanese GAAP)
Company name:
SALA Corporation
Listing:
Tokyo Stock Exchange / Nagoya Stock Exchange
Securities code:
2734
URL:
https://www.sala.jp/
Representative:
Goro Kamino, President and Representative Director, Group Representative and CEO
Inquiries:
Shinichi Ichikawa, Manager of General Affairs Group, General Affairs Department
Telephone:+81-532-51-1182
Scheduled date to file quarterly securities report:
July 9, 2024
Scheduled date to commence dividend payments:
July 31, 2024
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
Yes (for institutional investors andanalysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended May 31, 2024 (from December 1, 2023 to
May 31, 2024)(1) Consolidated operating results (cumulative)
Net sales
Six months ended
May 31, 2024
May 31, 2023

Operating profit

Millions of yen

(5.6)
6.5

% Millions of yen(2.6)(19.6)

6,127
5,680

For the six months ended May 31, 2024:
For the six months ended May 31, 2023:

Basic earnings
per share
Six months ended
May 31, 2024
May 31, 2023

4,889
5,022

Profit attributable toowners of parent

Ordinary profit% Millions of yen

118,897
125,976

Note: Comprehensive income(Percentages indicate year-on-year changes.)% Millions of yen

7.9(19.2)

%

4,304
4,748

(9.3)
(1.1)

¥5,151 million [8.3%]¥4,756 million [(8.5)%]

Diluted earnings
per share
Yen

Yen

67.25
74.37

–
–

(2) Consolidated financial position
Total assets
As of
May 31, 2024
November 30, 2023
Reference:

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

196,239
189,267

83,08278,64541.6
40.8

EquityAs of May 31, 2024:
As of November 30, 2023:¥81,563 million¥77,179 million

2. Cash dividends
Annual dividends per shareFirst
quarter-end

Secondquarter-end

Thirdquarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

–

13.00

–

13.00

26.00

–

13.00
17.00

30.00

Fiscal year ended
November 30, 2023
Fiscal year ending
November 30, 2024

Fiscal year ending
November 30, 2024–
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: Yes

3. Consolidated earnings forecasts for the fiscal year ending November 30, 2024 (from December 1,
2023 to November 30, 2024)
Net sales

Fiscal year ending
November 30, 2024

(Percentages indicate year-on-year changes.)
Basic
Profit attributable
Ordinary profit
earnings per
to owners of parent
share

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

255,000

5.3

6,300

3.6

8,000

1.6

5,400

(11.5)

84.44

Note: Revisions to the earnings forecasts most recently announced: Yes

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in thechange in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial
statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations:None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2024

66,041,147 shares

As of November 30, 2023

66,041,147 shares(ii) Number of treasury shares at the end of the period
As of May 31, 2024

1,862,882 shares

As of November 30, 2023

2,093,710 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the
fiscal year)
Six months ended May 31, 2024

64,012,685 shares

Six months ended May 31, 2023

63,844,022 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public
accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters(Caution concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable by
the Company. Consequently, any statements herein do not constitute assurances regarding actual resultsby the Company. Actual business and other results may differ significantly due to various unforeseen
factors.

SALA Corporation (2734)○Attachment Index
Index
1. Qualitative information on quarterly consolidated financial results ......................................................... 2(1) Explanation of operating results ......................................................................................................... 2(2) Explanation of financial position...................................................................................................... 44(3) Explanation of consolidated earnings forecasts and other forward-looking statements ................... 55
2. Quarterly consolidated financial statements and significant notes thereto ............................................. 66(1) Quarterly consolidated balance sheet ............................................................................................... 66(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
income .............................................................................................................................................. 88
Quarterly consolidated statement of income (cumulative) ............................................................... 88
Quarterly consolidated statement of comprehensive income (cumulative) ...................................... 99(3) Quarterly consolidated statement of cash flows ........................................................................... 1010
(4) Notes to quarterly consolidated financial statements ................................................................... 1212
Uncertainties of entity’s ability to continue as going concern ..................................................... 1212
Notes on significant changes in the amount of shareholders’ equity ............................................ 1212
Segment information .................................................................................................................... 1313
Significant events after reporting period ...................................................................................... 1616

-1-

SALA Corporation (2734)

1. Qualitative information on quarterly consolidated financial results(1) Explanation of operating results
During the first six months of the fiscal year ending November 30, 2024, although the Japanese
economy saw improvement in corporate earnings and followed a moderate trend of recovery, theeconomic outlook remained uncertain because of rising prices and other impacts due to instability ininternational affairs such as escalation of tensions in the Middle East and depreciation of the yen.
Under these conditions, the SALA Group focused on initiatives on the key strategies of the fifth
medium-term management plan, which started from fiscal year ended November 30, 2023. The key
strategies are “service and business development in the Life Creative Business Unit* andtransformation of the business format,” “enhancing brand value through ‘customer experience’ thatexceeds expectations,” “business creation through ‘co-creation’ with parties inside and outside theGroup,” “improving profitability in existing business fields,” and “transforming into an organizational
culture that attracts people who ‘think and act on their own initiative.’” During the current fiscal year,
the second year of the plan, the Company will continue to proactively invest in new growth areas forpromoting carbon neutrality and work to fundamentally reform the business structure through digitaltransformation (DX), and actively promote various measures to achieve the plan.
During the first six months of the current fiscal year, SALA ENERGY CO., LTD., which is the Energy& Solutions business, proceeded with the restructuring of its core system to transform operations
traditionally divided by gas type (city gas and LP gas) through the use of digital technology and toprovide high-quality services tailored to each individual customer.
The Company has raised funds through a green loan under the Green Finance Framework for the
installation of grid storage batteries to be constructed in Hamamatsu City, Shizuoka Prefecture as
investment in new growth, by SALA ENERGY CO., LTD.
As collaboration that goes beyond the segment framework, while working to develop the previously
owned home transaction business in business areas for daily living, we worked to enhance the sales
system in order to promote solution proposals through carbon neutral diagnoses for BtoB customers.
ASCO Co., Ltd., which operates the Animal Health Care business, acquired all shares of Dowa Kagaku
Co., Ltd., which operates in the same industry, in March 2024, making that company its subsidiary.
Through the acquisition, ASCO Co., Ltd. has strengthened its operating base in the Chubu area.
As for the Toyohashi Ekimae Odori 2-chome District Redevelopment Project in which the SALAGroup is involved to create a lively town, following on from the opening of emCAMPUS EAST in
November 2021, emCAMPUS WEST was completed in April 2024, and preparations have been madefor the respective openings of each facility and store in July 2024.
As for operating results for the first six months of the current fiscal year, net sales decreased by 5.6%
year on year to ¥118,897 million due to a significant decrease in revenue in the Energy & Solutions
business. As for profit, although there were signs of improvement in profitability as a result ofstructural reforms carried out in the Housing business, operating profit decreased by 2.6% year on yearto ¥4,889 million due to decreases in profit in the Car Life Support business and the Animal HealthCare business. On the other hand, as gain on valuation of derivatives on forward exchange contracts of¥892 million, etc. were recorded in non-operating income, ordinary profit increased by 7.9% year on
year to ¥6,127 million. Profit attributable to owners of parent decreased by 9.3% year on year to ¥4,304
million as operating results for the same period of the previous fiscal year included gain on revision ofretirement benefit plan in extraordinary income.
* “Life Creative Business Unit” refers to business areas for daily living other than the energy business.

-2-

SALA Corporation (2734)

Operating results of each segment are as follows.
Energy & Solutions businessNet sales¥64,326 million (down 9.8% year on year)

Operating profit ¥3,998 million (down 1.4% year on year)
Although the sales volume of city gas increased mainly for home use and commercial use, itsselling price of was downwardly adjusted based on a system to adjust raw material costs.
Consequently, net sales decreased. As for profit, although gross profit from city gas and LP gas
increased, operating profit decreased mainly as a result of the soaring prices of raw materials forbiomass power plant fuel due to the impact of yen depreciation.
Engineering & Maintenance businessNet sales¥14,759 million (down 1.6% year on year)

Operating profit ¥1,316 million (down 4.9% year on year)
Although the maintenance department performed well, net sales decreased due to a decrease incompleted projects mainly in the construction department. As for profit, despite a decrease inoperating profit due in part to the declined profit margin of completed projects in the civilengineering department and the construction department, operating profit remained at a high level.
Housing businessNet sales¥15,511 million (up 4.3% year on year)

Operating loss
fiscal year)¥180 million (operating loss of ¥400 million for the same period of the previous

In the housing sales department, the number of custom-built houses sold increased as orders
recovered mainly as a result of introducing new products. On the other hand, in the housing
components and materials processing and sales department, orders from clients decreased due tothe impact of a decrease in the number of new housing starts in the Hamamatsu and Toyohashi
areas. As a result, overall segment net sales increased, and operating loss narrowed due to theincrease in the number of houses sold.
Car Life Support businessNet sales¥8,030 million (down 9.0% year on year)

Operating loss
fiscal year)¥238 million (operating loss of ¥133 million for the same period of the previous

Although new car sales for Volkswagen increased, the number of new cars sold declined as a resultof sluggish orders for Audi due to a supply shortage for major vehicle lines. Furthermore, thenumber of used cars sold fell for both Volkswagen and Audi. As a result, net sales decreased, andoperating loss was recorded.
Animal Health Care businessNet sales¥13,067 million (up 1.4% year on year)

Operating profit ¥170 million (down 38.6% year on year)
In the livestock farming department, orders for veterinary medical products, etc. performed well.
Moreover, in the pet-related department, net sales increased due to growth in transactions with new-3-

SALA Corporation (2734)

customers. As for profit, operating profit decreased due to higher purchase prices of veterinary
medical products, etc. and an increase in selling, general and administrative expenses.
Properties businessNet sales¥2,263 million (up 6.2% year on year)

Operating profit ¥6 million (operating loss of ¥18 million for the same period of the previous fiscal
year)
In the real estate properties department, sales increased in the asset management department thatengages in management of real estate properties, etc. Furthermore, there was an increase in thenumber of guests for banquets and hotel overnight stays in the hospitality department as economic
activities normalized. Consequently, net sales and operating profit both increased.
(2) Explanation of financial position(i) Assets, liabilities and net assets
AssetsAssets were ¥196,239 million, up ¥6,972 million from November 30, 2023. This was mainly due toincreases in “cash and deposits” by ¥2,681 million, “work in process” by ¥2,648 million, “property,
plant and equipment” by ¥2,199 million, “other” under “investments and other assets” by ¥1,116
million, and “investment securities” by ¥1,076 million, despite a decrease in “notes and accounts
receivable - trade, and contract assets” by ¥2,798 million.
Liabilities
Liabilities were ¥113,157 million, up ¥2,535 million from November 30, 2023. This was mainly due toincreases in “long-term borrowings (including current portion)” by ¥5,315 million and “other” undercurrent liabilities by ¥1,948 million, despite decreases in “notes and accounts payable - trade” by¥2,941 million, “provision for bonuses” by ¥1,152 million and “electronically recorded obligations operating” by ¥1,041 million.
Net assets
Net assets were ¥83,082 million, up ¥4,436 million from November 30, 2023. This was mainly due toan increase in “retained earnings” of ¥3,446 million (increased by ¥4,304 million due to recording of
profit attributable to owners of parent and decreased by ¥858 million due to payment of dividends).
(ii) Cash flows
Cash and cash equivalents (hereinafter referred to as “cash”) in the six months ended May 31, 2024
increased by ¥2,728 million in total, resulting from net cash provided by operating activities of ¥5,650
million, net cash used in investing activities of ¥5,990 million, and net cash provided by financing
activities of ¥3,068 million. As a result, cash and cash equivalents at the end of the six months ended
May 31, 2024 were ¥25,276 million.
Cash flows from operating activities
Net cash provided by operating activities was ¥5,650 million (¥3,151 million provided in the same
period of the previous fiscal year). This was mainly due to increase factors such as “profit before
income taxes” of ¥6,108 million, “decrease in trade receivables” of ¥4,395 million and “depreciation”
of ¥3,234 million, and decrease factors including “decrease in trade payables” of ¥4,099 million,“increase in inventories” of ¥2,683 million and “decrease in provision for bonuses” of ¥1,152 million.
Cash flows from investing activities
Net cash used in investing activities was ¥5,990 million (¥3,112 million used in the same period of theprevious fiscal year). This was mainly due to “purchase of property, plant and equipment” of ¥6,254
million.
-4-

SALA Corporation (2734)

Cash flows from financing activities
Net cash provided by financing activities was ¥3,068 million (¥660 million used in the same period of
the previous fiscal year). This was mainly due to increase factors such as “proceeds from long-termborrowings” of ¥8,609 million, and decrease factors including “repayments of long-term borrowings”
of ¥3,682 million, “net decrease in short-term borrowings” of ¥1,009 million and “dividends paid” of¥855 million.
(3) Explanation of consolidated earnings forecasts and other forward-looking statements
In the full-year consolidated earnings forecast announced on January 12, 2024, operating profit wasrevised from ¥7,300 million to ¥6,300 million, ordinary profit was revised from ¥8,200 million to¥8,000 million, and profit attributable to owners of parent was revised from ¥5,600 million to ¥5,400
million.
For details, please refer to “Notice Concerning Revision to the Full-Year Consolidated Earnings
Forecast, Changes in the Dividend Policy, and Revision to the Forecast of Cash Dividends (Increased
Dividend)” announced today (July 5, 2024) (in Japanese only).

-5-

SALA Corporation (2734)

2. Quarterly consolidated financial statements and significant notes thereto(1) Quarterly consolidated balance sheet(Millions of yen)
As of November 30, 2023
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, net
Machinery, equipment and vehicles, net
Gas pipe, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
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-6-

As of May 31, 2024

22,96625,64832,25429,455

1,834
13,988
7,477
444
5,970
(186)
84,7502,009
14,038
10,126
381
5,665
(273)
87,05020,306
7,141
14,84832,431
1,760
1,418
77,906

20,244
7,273
15,301
32,3933,480
1,412
80,106

263
2,553
2,816

280
3,381
3,661

8,897
2,412
2,221
3,848
6,858
(444)
23,793
104,517
189,267

9,974
2,013
2,243
3,642
7,974
(427)
25,420109,188
196,239

SALA Corporation (2734)(Millions of yen)
As of November 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for warranties for completed construction
Provision for loss on construction contracts
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Provision for retirement benefits for directors (andother officers)
Provision for share-based payments
Provision for repairs
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
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-7-

As of May 31, 2024

26,225
4,379
8,579
7,273
341
2,582

23,284
3,338
7,569
7,876
1,616
1,430

9

3

47
55
234
10,67060,3994935
232
12,61858,05336,989524

41,701
940

165

167

502
125
8,668
3,245
50,221
110,621

410
136
8,809
2,936
55,103
113,157

8,025
25,30042,326(1,383)74,267

8,025
25,30645,773(1,231)
77,873

985
442
1,483
2,911
1,466
78,645
189,267

1,579
695
1,414
3,689
1,519
83,082
196,239

SALA Corporation (2734)(2) Quarterly consolidated statement of income and quarterly consolidated statement ofcomprehensive income
Quarterly consolidated statement of income (cumulative)(Millions of yen)Six months ended
May 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on valuation of derivatives
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on revision of retirement benefit plan
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on sale of investment securities
Impairment losses
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-8-

Six months ended
May 31, 2024

125,976
95,69530,28125,2595,022

118,897
88,82330,07425,185
4,889

30
35
205

22
43
892

201

216

297
769

241
1,415

73
37
110
5,680

97
80
177
6,127

24
2,388
2,412

62
–
62

64
36
800
901
7,191
1,253
1,106
2,360
4,831
83
4,748

79
1
–
81
6,108
1,405
328
1,734
4,374
69
4,304

SALA Corporation (2734)

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Six months ended
May 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-9-

Six months ended
May 31, 2024

4,831

4,374

108
(94)
(88)
(74)
4,756

595
252
(69)
777
5,151

4,673

5,082

82

69

SALA Corporation (2734)(3) Quarterly consolidated statement of cash flows(Millions of yen)Six months ended
May 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for warranties forcompleted construction
Increase (decrease) in provision for loss on construction
contracts
Increase (decrease) in provision for point cardcertificates
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in provision for share-based
payments
Increase (decrease) in provision for repairs
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on valuation of derivatives
Loss (gain) on sale and retirement of non-current assets
Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in long-term accounts payable other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities- 10 -

Six months ended
May 31, 2024

7,191
3,256
800
59
(0)
(1,241)

6,108
3,234
–
62
(34)
(1,152)

(6)

(6)

(8)

2

(36)

(19)

(5)

(2)

(28)

1

(32)

(92)

10
(1,121)(1,297)
(65)
73

10
151
(22)
(66)
97

(201)

(216)

(205)
(1)
–
3,929
(2,512)(3,069)

(892)
(39)
1
4,395
(2,683)(4,099)

(38)

(162)

(138)
5,312
67
(82)
(2,145)
3,151

1,191
5,769
67
(94)
(90)
5,650

SALA Corporation (2734)(Millions of yen)Six months ended
May 31, 2023
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Loan advances
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Proceeds from sale of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Repayments of finance 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- 11 -

Six months ended
May 31, 2024

(3,229)
494
(685)
(303)
259

(6,254)
272
(558)
(128)
120

–

100

(30)
425
(44)
(3,112)

(20)
420
57
(5,990)

1,982
2,000
(3,620)
(0)
97
(984)
(6)

(1,009)8,609(3,682)
(0)
153
(855)
(5)

(7)

(3)

(120)
(660)
(620)
23,772
23,151

(136)
3,068
2,728
22,54725,276

SALA Corporation (2734)(4) Notes to quarterly consolidated financial statements
Uncertainties of entity’s ability to continue as going concern
Not applicable.
Notes on significant changes in the amount of shareholders’ equity
Not applicable.

- 12 -

SALA Corporation (2734)

Segment information
I For the six months ended May 31, 2023
1. Disclosure of sales and profit (loss) for each reportable segment and disaggregation ofrevenue(Millions of yen)
Reportable segments
Car Life
Supportbusiness

Energy &SolutionsbusinessEngineering &Maintenancebusiness

31,684
15,383
8,877

–
–
–

–
–
–

–
–
–

–
–
–

–

14,999

–

–

–

–

–

14,868

–

–

–

–

–

8,826

–

–

–

–

–

12,889

–

–

–

–

–

15,392––––

71,337

14,99914,868

8,826

12,889

–

–

–

–

–

Sales to external customers
Intersegment sales or transfers

71,337
1,092

14,9992,885

14,8687

8,826
4

12,8890

Total

72,42917,884

14,876

8,830

12,889Segment profit (loss)

4,056

1,384

(400)

(133)

277

Net sales
City gas
LP gasElectric power
Civil engineering work,
construction work, equipment
work
Housing, construction materials
Automotive sales andmaintenance
Veterinary medical products
Lease, sale and purchase, andbrokerage of real estate, hotel
Other
Revenue from contracts withcustomers
Other revenue (Note 4)- 13 -

Housingbusiness

Animal HealthCare businessSALA Corporation (2734)
Reportable segments

Net sales
City gas
LP gasElectric power
Civil engineering work,
construction work, equipment
work
Housing, construction materials
Automotive sales andmaintenance
Veterinary medical products
Lease, sale and purchase, andbrokerage of real estate, hotel
Other
Revenue from contracts withcustomers
Other revenue (Note 4)

Properties
business

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Consolidated(Note 3)–––31,684
15,383
8,877

–
–
–

31,684
15,383
8,877

–
–
–

31,684
15,383
8,877–

14,999–14,999–14,999–14,868–14,868–14,868

–

8,826

–

8,826

–

8,826

–

12,889–12,889–12,889

2,132

2,132

–

2,132

–

2,132

–

15,392724

16,11772

16,1902,132

125,052724

125,77772

125,850

–

–

126

126

–

126

Sales to external customers
Intersegment sales or transfers

2,132
246

125,052
4,237

851
884

125,903
5,122

72(5,122)125,976
–

Total

2,379

129,290

1,735

131,026(5,049)125,976

Segment profit (loss)

(18)

5,166

40

5,206

(184)

5,022

(Notes) 1. The “other” category represents operating segments that are not included in reportable segments, and includes
manufacturing auto parts, installment sale and lease.
2. Adjustment to segment profit (loss) of ¥(184) million includes intersegment eliminations of ¥539 million andcorporate expenses of ¥(724) million. Corporate expenses are mainly general and administrative expenses, which
are not attributable to the reportable segments.
3. Segment profit (loss) was adjusted with operating profit in the quarterly consolidated statement of income.
4. “Other revenue” includes revenue on lease, etc.

2. Disclosure of impairment losses on non-current assets or goodwill for each reportablesegment(Significant impairment losses on non-current assets)
Impairment losses on idle assets were recorded in the Energy & Solutions business. The
recorded amount of such impairment losses was ¥180 million in the first six months of theprevious fiscal year.
Impairment losses on idle assets were recorded in the Car Life Support business. The
recorded amount of such impairment losses was ¥68 million in the first six months of theprevious fiscal year.
Impairment losses on assets for business use were recorded in the Properties business. The
recorded amount of such impairment losses was ¥551 million in the first six months of theprevious fiscal year.

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SALA Corporation (2734)

II For the six months ended May 31, 2024
1. Disclosure of sales and profit (loss) for each reportable segment and disaggregation ofrevenue(Millions of yen)
Reportable segments

Net sales
City gas
LP gasElectric power
Civil engineering work,
construction work, equipment
work
Housing, construction materials
Automotive sales andmaintenance
Veterinary medical products
Lease, sale and purchase, andbrokerage of real estate, hotel
Other
Revenue from contracts withcustomers
Other revenue (Note 4)

Car Life
Supportbusiness

Energy &SolutionsbusinessEngineering &Maintenancebusiness

24,781
16,781
7,447

–
–
–

–
–
–

–
–
–

–
–
–

–

14,759

–

–

–

–

–

15,511

–

–

–

–

–

8,030

–

–

–

–

–

13,067

–

–

–

–

–

15,315––––64,326

14,75915,511

8,030

13,067

Housingbusiness

Animal HealthCare business

–

–

–

–

–

Sales to external customers
Intersegment sales or transfers

64,326
1,095

14,7592,452

15,51158,030
313,0670

Total

65,421

17,212

15,516

8,033

13,068Segment profit (loss)

3,998

1,316

(180)

(238)

170

- 15 -

SALA Corporation (2734)
Reportable segments

Net sales
City gas
LP gasElectric power
Civil engineering work,
construction work, equipment
work
Housing, construction materials
Automotive sales andmaintenance
Veterinary medical products
Lease, sale and purchase, andbrokerage of real estate, hotel
Other
Revenue from contracts withcustomers
Other revenue (Note 4)

Properties
business

Total

Other
(Note 1)

Total

Adjustment(Note 2)

Consolidated(Note 3)–––24,781
16,781
7,447

–
–
–

24,781
16,781
7,447

–
–
–

24,781
16,781
7,447–

14,759–14,759–14,759–15,511–

15,511–

15,511

–

8,030

–

8,030

–

8,030

–

13,067–

13,067–

13,067

2,263

2,263

–

2,263

–

2,263

–

15,315749

16,06574

16,1402,263

117,958

749

118,708

74

118,783

–

–

114

114

–

114

Sales to external customers
Intersegment sales or transfers

2,263
245

117,958
3,802

864
971

118,822
4,773

74(4,773)

118,897
–

Total

2,508

121,761

1,835

123,596(4,699)118,897

Segment profit (loss)

6

5,073

49

5,122

(233)

4,889

(Notes) 1. The “other” category represents operating segments that are not included in reportable segments, and includes
manufacturing auto parts, installment sale and lease.
2. Adjustment to segment profit (loss) of ¥(233) million includes intersegment eliminations of ¥547 million andcorporate expenses of ¥(781) million. Corporate expenses are mainly general and administrative expenses, which
are not attributable to the reportable segments.
3. Segment profit (loss) was adjusted with operating profit in the quarterly consolidated statement of income.
4. “Other revenue” includes revenue on lease, etc.

2. Disclosure of impairment losses on non-current assets or goodwill for each reportablesegment
Not applicable.
Significant events after reporting period
Not applicable.

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