FUJI KYUKO CO．，LTD．

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.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 7, 2024
Company name: FUJI KYUKO CO., LTD.
Listing: Tokyo
Securities code: 9010
URL: https://www.fujikyu.co.jp
Representative: Koichiro Horiuchi

Representative Director and President
Director, Executive Officer, General Manager, Management &Administration Department

Inquiries: Mitsuharu Aioi
Telephone: +81-555-22-7120
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable toOperating revenues
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended
June 30, 2024
12,233
8.5
1,906
47.4
1,902
48.2
1,270
50.8
June 30, 2023
11,27824.0
1,293
1,284842(Note) Comprehensive income:Three months ended June 30, 2024:¥
1,415 million [12.5%]
Three months ended June 30, 2023:¥
1,258 million [-%]
Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

23.92
15.87

-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

99,052
100,537
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio¥¥

32,37332,351
31,358 million
31,336 million

%

31.7
31.2

FUJI KYUKO CO．，LTD．

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024---

26.00

26.00

Fiscal year ending March 31, 2025

-29.00

29.00

Fiscal year ending March 31, 2025

(Forecast)(Note) Revision to the forecast for dividends announced most recently:
None(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2025 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings per
Operating revenues Operating profit
Ordinary profit
owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen%

Six months ending
27,9007.65,2908.1
5,160
7.7
September 30, 2024
Full year
53,5005.58,700
6.7
8,400
5.8(Note) Revision to the financial results forecast announced most recently:
None* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:
Excluded:(Company name:Millions ofyen%

Yen

3,290

3.5

61.96

5,000

9.4

94.16

None))(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

NoneYes(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
54,884,738 shares
March 31, 2024:
54,884,738 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
1,787,044 shares
March 31, 2024:1,786,937 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

53,097,749 shares
53,100,122 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters

FUJI KYUKO CO．，LTD．

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsLand and buildings for sale in lots
Merchandise and finished goods
Work in process
Raw materials and supplies
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Leased assets, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Bond issuance costs
Total deferred assets
Total assets

As of June 30, 2024

17,914,795

18,228,001

4,233,992

3,095,840

8,527,509
682,088
77,811
754,688
161,045
1,705,289(18,484)
34,038,737

8,504,732
795,598
80,171
801,239
221,029
1,466,499(18,601)
33,174,510

26,281,311
7,875,503
15,639,255
884,589
587,891
1,771,520
53,040,072
2,830,612

26,261,793
7,576,46015,857,841
756,186
426,891
1,739,163
52,618,337
2,751,652

8,181,998
1,237,923
375,592
834,525(24,660)
10,605,379
66,476,065

8,364,148
953,316394,274
799,322(24,660)
10,486,403
65,856,393

22,99922,999100,537,801

21,775
21,77599,052,679

FUJI KYUKO CO．，LTD．

(Thousands of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease liabilities
Accrued consumption taxes
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Provision for share awards for directors (and otherofficers)
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-salesecurities
Remeasurements of defined benefit plansTotal accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of June 30, 2024

2,751,608
9,628,428
455,020
642,4631,548,470
518,926

2,275,243
8,318,108
389,570
613,098
416,087
173,884

32,000-4,184,738
19,761,654

5,380,014
17,566,007

5,000,000
37,520,647
584,110105,019
710,579

5,000,000
38,357,032
497,534
108,171696,582

26,104

22,292

4,478,069
48,424,529
68,186,184

4,431,755
49,113,368
66,679,375

9,126,343
3,696,882
17,589,964(1,548,759)
28,864,431

9,126,343
3,696,882
17,480,820(1,549,125)
28,754,920

2,308,140

2,429,182

164,0132,472,154
1,015,031
32,351,617
100,537,801

174,005
2,603,188
1,015,194
32,373,303
99,052,679

FUJI KYUKO CO．，LTD．

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023
Operating revenue
Operating expenses
Operating expenses and cost of sales of transportation
Selling, general and administrative expenses
Total operating expenses
Operating profit
Non-operating income
Interest and dividend income
Share of profit of entities accounted for using equity
methodMiscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Subsidies
Other
Total extraordinary income
Extraordinary losses
Loss on tax purpose reduction entry of non-currentassets
Loss on retirement of non-current assets
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, 2024

11,278,778

12,233,226

9,609,738
375,385
9,985,124
1,293,653

9,995,850
330,823
10,326,674
1,906,552

59,13376,058

9,277

6,569

44,583112,993

37,041
119,669

112,095
10,291
122,387
1,284,260

109,183
14,200123,383
1,902,837

878
47,893
48,772

11,362
87,874
18,981
118,218

28,003

79,16844,032
72,036
1,260,996
217,287
177,068
394,356
866,640
24,163
842,476

23,148102,316
1,918,739
406,800
227,038
633,838
1,284,900
14,846
1,270,054

FUJI KYUKO CO．，LTD．

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
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 ofparentComprehensive income attributable to non-controllinginterests

For the three months
ended June 30, 2024

866,640

1,284,900

345,173
24,760129,341
9,991

21,490(8,521)

391,424
1,258,064

130,811
1,415,712

1,231,227

1,401,088

26,836

14,624