Financial Results for the Three Months Ended June 30, 2024
[Japanese GAAP] (Consolidated)
August 9, 2024
Company name: KPP GROUP HOLDINGS CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 9274
URL: https://www.kpp-gr.com/
Representative: Madoka Tanabe, Representative Director of the Board Chairman & Chief Executive Officer
Contact: Shojiro Adachi, General Manager of Group Finance & Planning Division
Phone: +81-3-3542-9925
Scheduled date of commencing dividend payments: Availability of supplementary explanatory materials on quarterly financial results: None
Schedule of quarterly financial results briefing session: None
(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(Percentages represent year-on-year changes.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2024
162,452
1.1
2,986 (23.9)
2,248 (32.1)
1,649 (38.0)
June 30, 2023
160,7103.8
3,922 (26.5)
3,310 (31.3)
2,660 (30.9)(Note) Comprehensive income:Three months ended June 30, 2024: ¥ 2,038 million [(52.7)％]
Three months ended June 30, 2023: ¥ 4,309 million [(29.9)％]

Three months ended
June 30,2024
June 30,2023

Basic earnings per
share
Yen

Yen

23.97
37.10

(2) Consolidated Financial Position
Total assets
Three months ended
June 30, 2024
Fiscal year ended
March 31, 2024
(Reference) Equity:

Diluted earnings per
share––Net assets

Equity ratio

Million yen

Million yen%359,570

83,18923.1

344,562
81,90023.7
Three months ended June 30, 2024: ¥ 83,096 million
Fiscal year ended March 31, 2024: ¥ 81,811 million

2. Dividends
Annual dividends
1st quarter-end 2nd quarter-end 3rd quarter-end
Yen

Yen

Year-end

Yen

Total
Yen

Yen

Fiscal year ended
–
11.00
–
11.00
March 31, 2024
Fiscal year ended–
March 31, 2025
Fiscal year ending
March 31, 2025
16.00
–
12.00
(Forecast)(Note)Revision to the forecast for dividends announced most recently: None(Note)Breakdown of 2nd quarter-end dividends for the year to 31 March 2025(Forecast)
Regular dividend: ¥11.00 Commemorative dividend: ¥5.00

22.00

28.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 - March 31,2025)(Percentages represent year-on-year changes.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparentMillion yen% Million yen% Million yen

Full year
655,000
1.6
16,5004.3
13,500(Note) Revision to the earnings forecast announced most recently: None%

8.2

Million yen11,000%

3.6* Notes:(1) Changes in significant subsidiaries during the period(Changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
Newly included: 2 company(Tecnoprimaf S.r.l.、100 METRO – SOLUCOES DE EMBALAGEM, UNIPESSOAL, LDA)
(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes2) Changes in accounting policies other than 1) above: Yes
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of issued and outstanding shares (common shares)
1) Total number of issued and outstanding shares at the end of the period (including treasury shares):Three months ended June 30, 2024:
73,244,408 sharesFiscal year ended March 31, 2024:
73,244,408 shares2) Total number of treasury shares at the end of the period:
Three months ended June 30, 2024:
4,386,998 sharesFiscal year ended March 31, 2024:
4,432,455 shares
3) Average number of shares during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

68,823,317 shares
71,700,721 shares

Yen154.67

* These quarterly consolidated financial results are outside the scope of quarterly review by certified public
accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes(Cautionary notes regarding forward-looking statements)
The results forecast and other forward-looking statements contained in this document are based on the information
currently available to the Company and certain assumptions deemed to be reasonable, and are not intended as aguarantee that the Company will achieve them. Actual results may differ significantly due to various factors.

○ Table of Contents of Attachments
1.

Quarterly Consolidated Financial Statements..................................................................................................... 2(1) Quarterly Consolidated Balance Sheets ...................................................................................................... 2(2) Quarterly Consolidated Statements of Income and Comprehensive Income.............................................. 41

1.

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)First Quarter of Current
Previous Fiscal Year
Fiscal Year
(March 31, 2024)(June 30, 2024)
AssetsCurrent assets
Cash and deposits

26,286

24,841

Notes and accounts receivable - trade112,572

118,594

Electronically recorded monetary claims - operating

28,86928,394Merchandise and finished goods

66,126

71,063

Other

14,65315,805

Allowance for doubtful accounts(5,819)(6,053)

Total current assets

242,689

252,645

Buildings and structures, net

7,942

7,853

Land

9,072

9,081

Other, net

24,67825,015

Total property, plant and equipment

41,692

41,950Goodwill

6,958

10,735

Customer related assets

3,746

3,774

Other

7,964

9,131

Total intangible assets

18,67023,640Investment securities

23,13922,181Retirement benefit asset

10,461

11,257

Other

15,831

16,318

Allowance for doubtful accounts(7,922)(8,422)

Total investments and other assets

41,51041,333

Total non-current assets

101,872

106,925

Total assets

344,562

359,570

Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets2

(Million yen)First Quarter of Current
Previous Fiscal Year
Fiscal Year
(March 31, 2024)(June 30, 2024)
Liabilities
Current liabilities
Notes and accounts payable - trade95,368103,457

Electronically recorded obligations - operating

5,284

4,981

Short-term borrowings

38,862

53,119Commercial papers

12,00010,000

Income taxes payable

3,822

2,408

Provision for bonuses

4,275

3,992

Provisions

1,278

1,386

Other

37,34338,539Total current liabilities

198,235

217,886

Corporate bonds

20,00020,000Long-term borrowings

15,167

8,812

Retirement benefit liability

2,300

2,413

Provisions

1,386

1,431

Other25,571

25,837

Total non-current liabilities

64,42658,494

Total liabilities

262,662

276,380

Share capital

4,723

4,723

Capital surplus

7,292

7,292

Retained earnings

61,63162,508Treasury shares(2,799)(2,776)

Total shareholders' equity

70,84871,748Valuation difference on available-for-sale securities

7,902

7,211

Deferred gains or losses on hedges

(98)

(108)

Foreign currency translation adjustment

6,638

7,949

Remeasurements of defined benefit plans(3,478)(3,704)

Total accumulated other comprehensive income

10,963

11,3488892

Total net assets

81,90083,189Total liabilities and net assets

344,562

359,570

Non-current liabilities

Net assets
Shareholders' equity

Accumulated other comprehensive income

Non-controlling interests3(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended June 30(Million yen)
Cumulative First Quarter

Cumulative Firstof the Previous Fiscal

Quarter of the Current

Year

Fiscal Year

(From April 1, 2023

(From April 1, 2024

to June 30, 2023)

to June 30, 2024)

Net sales

160,710

162,452

Cost of sales131,576

131,192

Gross profit

29,13431,260

Selling, general and administrative expenses

25,211

28,273Operating profit

3,922

2,986

Interest income

986

Dividend income

205

208

727413

46

10

Other

118

64

Total non-operating income

756

433

Interest expenses

477

585

Loss on sale of trade receivables

289

383

Loss on valuation of derivatives

390

－

Other

212

203

Total non-operating expenses

1,368

1,171

Ordinary profit

3,310

2,248

Gain on sale of non-current assets

46

Gain on sale of investment securities

2486

Other

00

Total extraordinary income2993

Non-operating income

Share of profit of entities accounted for using equity method
Foreign exchange gains
Reversal of allowance for doubtful accounts

Non-operating expenses

Extraordinary income4Cumulative First Quarter

Cumulative Firstof the Previous Fiscal

Quarter of the Current

Year

Fiscal Year

(From April 1, 2023

(From April 1, 2024

to June 30, 2023)

to June 30, 2024)

Extraordinary losses
Loss on retirement of non-current assets

30

Loss on sale of non-current assets0－Other00Total extraordinary losses

30Profit before income taxes

3,336

2,342

671

688

2,664

1,653

4

4

2,660

1,649

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent5Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)
Cumulative First

Cumulative First

Quarter of the Previous

Quarter of the Current

Fiscal Year

Fiscal Year

(From April 1, 2023

(From April 1, 2024

to June 30, 2023)

to June 30, 2024)

2,664

1,653

931

(690)

(285)

(10)

Foreign currency translation adjustment

464

1,270

Remeasurements of defined benefit plans, net of tax

515(225)

1740

Total other comprehensive income

1,644

384

Comprehensive income

4,309

2,038

4,304

2,034

44Profit
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

Share of other comprehensive income of entities accounted forusing equity method

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6