DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of
the original Japanese document. In cases where any differences occur between the English version and the original Japaneseversion, the Japanese version shall prevail. This translation is subject to change without notice.

Consolidated Financial Results for the First Three Months of
the Fiscal Year Ending March 31, 2025
<under Japanese GAAP>
July 31, 2024
ORGANO CORPORATIONTokyo Stock Exchange
6368
https://www.organo.co.jp/english/
Masayuki Yamada, Representative Director and President
Shigeru Sonobe, General Manager of Accounting Dept., Corporate Management andPlanning
TEL:+81-3-5635-5111
Scheduled date to commence dividend payments:–
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:(Millions of yen with fractional amounts discarded, unless otherwise noted)

1. Consolidated financial results for the first three months of the fiscal year ending March 31, 2025
(from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit

Millions of yen% Millions of yen%
Three months ended
June 30, 2024
31,619
6.8
4,001
39.8
June 30, 2023
29,612
6.4
2,861
28.9
Note:
Comprehensive income: Three months ended June 30, 2024
Three months ended June 30, 2023

Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Profit attributable toowners of parent

Ordinary profit
Millions of yen

%

4,368
40.8
3,103
17.9
¥3,313 million [64.1%]¥2,019 million [10.3%]

Millions of yen

%

2,676
1,597

67.5
6.8

Diluted earnings
per share
Yen

58.25
34.81

Yen

–
–

(2) Consolidated financial position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity: As of June 30, 2024

Net assets

Millions of yen

Equity-to-asset ratio

Millions of yen

177,283
102,652
182,703102,147¥102,416 million As of March 31, 2024

%

57.8
55.8
¥101,928 million

2. Cash dividends
Annual dividends per shareFirst quarter-end Second quarter-end Third quarter-end
Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025

Yen–

Fiscal year-end

Yen

41.00

Total

Yen

–

Yen

61.00

102.0053.00

106.00–Fiscal year ending
March 31, 2025
53.00–
(Forecast)
Note:
Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millionsof yenOperating profit%

Millionsof yenProfit attributable toowners of parent

Ordinary profit%

Millionsof yenSix months ending
73,000
11.5
9,500
20.9
9,800
September 30, 2024
Fiscal year ending
160,000
6.4
24,5008.7
24,800March 31, 2025
Note:
Revisions to the earnings forecasts most recently announced: Yes%

Millionsof yenBasicearnings
per share

%

Yen

14.8

6,500

17.4

141.485.9

17,6001.7

383.07

* Notes(1) Significant changes in the scope of consolidation during the period: Yes
Newly included: –Excluded: 1 company (ORGANO ECO TECH CORPORATION)
Note:

For more details, please refer to “Significant changes in the scope of consolidation during the period” on page
9 of the attached material.

(2) Application of specific accounting for preparing the quarterly consolidated financial statements: Yes
Note:

For more details, please refer to “Application of specific accounting for preparing the quarterly consolidated
financial statements” on page 9 of the attached material.

(3) Changes in accounting policies, changes in accounting estimates, and restatementa. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
b. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement: None
(4) Number of issued shares (common shares)
a. Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

46,359,700 shares

As of March 31, 2024

46,359,700 sharesb. Number of treasury shares at the end of the period
As of June 30, 2024

415,704 shares

As of March 31, 2024

415,524 sharesc. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
For the three months ended June 30, 2024

45,944,116 shares

For the three months ended June 30, 2023
45,888,815 shares* The Company has introduced an Officer Share Delivery Trust, and shares of the Company held by the Trust
have been included in treasury shares excluded from the calculation of the number of treasury shares at the endof the period and the average number of shares outstanding during the period (cumulative from the beginning of
the fiscal year).

* Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters(Caution regarding forward-looking statements and others)
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.
Consequently, any statements herein do not constitute assurances regarding actual results by theCompany. Actual business and other results may differ substantially due to various factors. Please referto “(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements” in“1. Qualitative information regarding financial results for the first three months” on pages 3 and 4 of theattached material for the suppositions that form the assumptions for earnings forecasts and cautions
concerning the use thereof.

Attached Material

Index
1. Qualitative information regarding financial results for the first three months.................................. 2(1) Explanation regarding operating results .......................................................................................... 2(2) Explanation regarding financial position ......................................................................................... 3(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements 3
2. Quarterly consolidated financial statements and significant notes thereto ........................................ 5(1) Consolidated balance sheet ................................................................................................................ 5(2) Consolidated statement of income and consolidated statement of comprehensive income.......... 7
Consolidated statement of income (cumulative) .............................................................................. 7
Consolidated statement of comprehensive income (cumulative) .................................................... 8(3) Notes to quarterly consolidated financial statements ...................................................................... 9
Notes on premise of going concern .................................................................................................... 9
Notes on substantial changes in the amount of shareholders’ equity ............................................. 9
Significant changes in the scope of consolidation during the period.............................................. 9
Application of specific accounting for preparing the quarterly consolidated financial
statements ............................................................................................................................................ 9
Changes in accounting policies .......................................................................................................... 9
Notes to quarterly consolidated statement of cash flows................................................................. 9
Segment information, etc. ................................................................................................................ 10
3. Supplementary information .................................................................................................................. 11-1-

1. Qualitative information regarding financial results for the first three months(1) Explanation regarding operating results
During the three months ended June 30, 2024 (April 1, 2024 to June 30, 2024), the global economy
remained firm despite risk factors, such as the situation in the Middle East and other geopolitical issues
and the slowdown of the Chinese economy. The moderate recovery of the Japanese economy continued
amid concerns about the impact of depreciation of the yen and inflation in Japan.
In the electronics industry, the Organo Group’s main market, expansion of markets related to generativeAI, etc. has spurred demand for cutting-edge semiconductors, and in view of moves to build new data
centers or add capacity to existing ones and a recovery in the semiconductor memory market,
semiconductor-related capital investment and factory utilization rates are high both in Japan and overseas.
Moreover, in the general industry, such as pharmaceuticals and food, and in the social infrastructure field,
such as electric power/water supply and sewage, capital investment and demand for maintenance, etc.
are strong.
Under these conditions, while promoting order-taking and delivery activities for large-scale projects inJapan and overseas, the Organo Group executed investment related to digital transformation (DX) withthe aim of enhancing the efficiency of plant engineering processes and took steps to expand production
and delivery capacities, such as promotion of measures for development and deployment of humanresources worldwide. We have also promoted various measures to enhance R&D aimed at the creationof next-generation technology and new businesses and to enhance sustainability and governance.
As a result, for the first three months ended June 30, 2024, orders received increased by 56.9% year on
year to ¥52,710 million, net sales increased by 6.8% to ¥31,619 million, operating profit increased by
39.8% to ¥4,001 million, ordinary profit increased by 40.8% to ¥4,368 million, profit attributable toowners of parent increased by 67.5% to ¥2,676 million, and the carry-over balance for order backlog asof June 30, 2024 was up 13.5% to ¥139,269 million.
Results by segment are as follows.
Effective from the first quarter ended June 30, 2024, the method of classification of the reportablesegments has been changed and comparison and analysis for the three months ended June 30, 2024 arebased on the classification after the change.
[Water Treatment Engineering Business Unit]■Orders received
Orders received increased 69.0% year on year to ¥46,546 million. In the electronics industry, orders
received increased significantly, reflecting several large-scale projects ordered for cutting-edge
semiconductors in Taiwan and strong sales of projects for solutions, such as facility-owned services. In
the general industry, orders received were strong, including winning a bid for a new ultrapure water
facility for Hyper-Kamiokande, which is under construction. In the social infrastructure field, such as
electric power/water supply and sewage, orders on a par with the previous fiscal year were secured,centering on projects for solutions in Japan.
■Net sales
Net sales increased 6.8% year on year to ¥25,464 million. In the electronics industry, net sales increased,reflecting generally steady progress in the construction of projects with the carry-over balance for orderbacklog from the previous year and strong sales of solutions projects, such as facility-owned services andvarious maintenance services. Moreover, in the general industry, sales were strong for both plant andservice solutions mainly for pharmaceuticals, food, and electronics peripherals. On the other hand, in thesocial infrastructure field, net sales decreased slightly because of a decrease in sales from large-scale
projects for electric power compared with the same period of the previous fiscal year, despite robust sales
from water supply and sewage projects.

-2-

■Operating profit
Operating profit increased 42.6% year on year to ¥3,221 million. This was attributable to an increase insales from large-scale plant projects in the electronics and general industries and the expansion of sales
from service solutions projects, whose profitability is relatively high. In addition, improved profitabilityof orders received against the backdrop of active capital investment as well as various initiatives for cost
reduction and profit improvement resulted in a higher gross profit margin.
[Performance Products Business Unit]■Orders received/Net sales
Orders received increased 1.8% year on year to ¥6,163 million and net sales increased 6.6% year on yearto ¥6,155 million. Sales of products for the electronics industry increased, including water treatment
chemicals, such as RO membrane protection chemicals and wastewater treatment chemicals, and offunctional materials, such as ion exchange resin used for separation and refinement of electronicmaterials. In addition, sales of small-scale pure water production equipment for medical and research
institutions and sales of various food processing agents for processed foods, among others, were robust.
■Operating profit
Operating profit increased 29.5% year on year to ¥779 million. In addition to strong sales in each field,
an increase in sales of relatively high-margin products, such as water treatment chemicals and functional
materials for the electronics industry, and the positive impact of the revised pricing strategy, including
price increases in line with increases in raw material prices, resulted in higher operating profit.
(2) Explanation regarding financial position
Assets, liabilities and net assets
AssetsAssets as of June 30, 2024 amounted to ¥177,283 million, a decrease of ¥5,420 million from the previous
fiscal year end. This was mainly due to a decrease of ¥8,612 million in notes and accounts receivable trade, and contract assets and a decrease of ¥5,693 million in work in process, despite an increase of¥7,632 million in investments in leases.
Liabilities
Liabilities as of June 30, 2024 amounted to ¥74,630 million, a decrease of ¥5,925 million from theprevious fiscal year end. This was mainly due to a decrease of ¥2,852 million in notes and accounts
payable - trade.
Net Assets
Net assets as of June 30, 2024 amounted to ¥102,652 million, an increase of ¥504 million from theprevious fiscal year end. This was mainly due to an increase of ¥532 million in foreign currencytranslation adjustment.
(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements
With respect to the earnings forecasts for the six months ending September 30, 2024 and the full-year
earnings forecasts for the fiscal year ending March 31, 2025, the forecasts announced on May 13, 2024
have been revised as stated below, because large-scale capital investment mainly in the electronics
industry is expected to exceed the initial forecast, and in addition, in view of the vigorous trends ofproduction, indicated by factory utilization rates, etc., service solutions, including various maintenanceservices, and performance products, including expendable items, are expected to perform strongly.
The Company will revise its forecasts appropriately according to the situation, based on each businesssegment and the trends in each country and region.

-3-

Revisions to the consolidated earnings forecasts for the six months ending September 30, 2024 (April
1, 2024 to September 30, 2024)
Profitattributableto owners ofparentBasicearnings per
share

Millions of yen Millions of yen Millions of yen Millions of yen

Yen

Net sales

OperatingprofitOrdinary
profitPrevious forecast (A)70,000

8,500

8,500

5,500

119.71

Revised forecast (B)73,000

9,500

9,800

6,500

141.48Change (B-A)

3,000

1,000

1,300

1,000

Change (%)

4.3

11.8

15.3

18.2

65,469

7,855

8,539

5,538

Reference:Six months results ended
September 30, 2023

120.64

Revisions to the consolidated earnings forecasts for the fiscal year ending March 31, 2025 (April 1,
2024 to March 31, 2025)
Profitattributableto owners ofparentBasicearnings per
share

Millions of yen Millions of yen Millions of yen Millions of yen

Yen

Net sales

OperatingprofitOrdinary
profitPrevious forecast (A)155,000

23,00023,000

16,100350.43

Revised forecast (B)160,000

24,50024,80017,600383.07

Change (B-A)

5,000

1,500

1,800

1,500

Change (%)

3.2

6.5

7.8

9.3

150,356

22,544

23,425

17,310

Reference: Full-year results
ended March 31, 2024-4-376.92

2. Quarterly consolidated financial statements and significant notes thereto(1) Consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, andcontract assets
Electronically recorded monetary claims operating
Investments in leases
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
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-5-

As of June 30, 2024

17,642

17,157

77,773

69,161

4,452

4,541

27,814
7,707
9,221
4,902
3,978
(23)
153,469

35,447
8,237
3,528
4,837
4,339
(27)
147,222

19,526

19,610(13,550)(13,708)

5,976
6,706
(5,828)877
12,304148
6,557(5,229)1,327
20,634
986

5,901
6,733
(5,902)830
12,432
436
6,738(5,375)
1,362
20,963
996

2,835
1,955
2,404
600
(183)
7,613
29,233
182,703

3,295
2,007
2,386
593
(183)
8,100
30,060177,283

(Millions of 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 product warranties
Provision for loss on construction contracts
Provision for share awards for directors (andother officers)
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
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-salesecurities
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-6-

As of June 30, 2024

19,842
2,839
34,065
3,605
3,920
1,890
1,686
83

16,9903,646
33,438
2,430
4,119
865
1,395
76

107

131

4,561
72,602

4,210
67,303

2,400
59
5,344
149
7,953
80,555

1,800
45
5,337
143
7,327
74,6308,225
7,508
82,907(518)
98,122

8,225
7,508
82,775(519)
97,990

774

886

1,923
1,108
3,805
219
102,147
182,703

2,455
1,083
4,426
236
102,652
177,283(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income (cumulative)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using
equity method
Other
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
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Three months ended
June 30, 2023
(From April 1, 2023 toJune 30, 2023)
29,61221,509
8,102
5,241
2,861

-7-

(Millions of yen)Three months ended
June 30, 2024
(From April 1, 2024 toJune 30, 2024)
31,61921,759
9,859
5,858
4,001

15
20
232

26
25
335

8

7

26
303

43
438

52
9
61
3,103

65
5
71
4,368

3
3

4
4

11
11
3,094
1,494
1,600
3
1,597

0
0
4,372
1,689
2,683
7
2,676

Consolidated statement of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
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 noncontrolling interests

Three months ended
June 30, 2023
(From April 1, 2023 toJune 30, 2023)
1,600

-8-

(Millions of yen)Three months ended
June 30, 2024
(From April 1, 2024 toJune 30, 2024)
2,683

196

111

7
222

－
541

(8)

(23)

1

1

419
2,019

630
3,313

2,006

3,296

12

16

(3) Notes to quarterly consolidated financial statements
Notes on premise of going concern
No items to report
Notes on substantial changes in the amount of shareholders’ equity
No items to report
Significant changes in the scope of consolidation during the period
Effective April 1, 2024, an absorption-type merger was conducted between the Company as the surviving
company and its consolidated subsidiary ORGANO ECO TECH CORPORATION as the disappearing
company.
Application of specific accounting for preparing the quarterly consolidated financial statements
Calculation of tax expenses
The Company and some of its consolidated subsidiaries have reasonably estimated the effective tax rate
after the application of tax effect accounting to the profit before income taxes for the fiscal year including
the first quarter ended June 30, 2024, and tax expenses are calculated by multiplying profit before income
taxes by this estimated effective tax rate. However, in cases where the calculation of tax expenses using
such estimated effective tax rate yields a result that is not reasonable to a significant extent, the amountof significant difference other than temporary differences, etc. is added to or deducted from the profit
before income taxes, and the result is multiplied by the statutory income tax rate.
Changes in accounting policies
Application of the “Accounting Standard for Current Income Taxes,” etc.
The “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27, October 28, 2022;
hereinafter referred to as the “Revised Accounting Standard 2022”), etc. have been applied effective fromthe beginning of the first quarter ended June 30, 2024.
The amendment to categories in which current income taxes should be recorded (taxes on othercomprehensive income) follows the transitional treatment prescribed in the proviso of Paragraph 20-3 ofthe Revised Accounting Standard 2022 and the transitional treatment prescribed in the proviso of
Paragraph 65-2 (2) of the Guidance on Accounting Standard for Tax Effect Accounting (ASBJ Guidance
No.28, October 28, 2022; hereinafter referred to as the “Revised Guidance 2022”). This change inaccounting policies has no impact on the quarterly consolidated financial statements.
For the amendment related to the revised accounting treatment for consolidated financial statements
when gains or losses on sale of shares in subsidiaries resulting from transactions between consolidated
companies are deferred for tax purposes, the Revised Guidance 2022 has been applied effective from the
beginning of the first quarter ended June 30, 2024. This change in accounting policies was applied
retrospectively. Hence, the quarterly consolidated financial statements for the same quarter of theprevious fiscal year and the consolidated financial statements for the previous fiscal year have been
modified retrospectively. This change in accounting policies has no impact on the quarterly consolidated
financial statements for the same quarter of the previous fiscal year and the consolidated financial
statements for the previous fiscal year.
Notes to quarterly consolidated statement of cash flows
No quarterly consolidated statement of cash flows for the three months ended June 30, 2024 has been
prepared. Depreciation (including amortization of intangible assets) for the three months ended June 30,2024 is as follows.

Depreciation

Three months ended
June 30, 2023
(From April 1, 2023 toJune 30, 2023)
463 million yen-9-Three months ended
June 30, 2024
(From April 1, 2024 toJune 30, 2024)
426 million yen

Segment information, etc.
[Segment information]
I Three months ended June 30, 2023 (From April 1, 2023 to June 30, 2023)
1. Information relating to net sales and profit by each reportable segment
Reportable Segment

Net sales
Sales to external customers
Intersegment sales or transfers
Total(Millions of yen)Amountrecorded in the
consolidated
statement ofincome(Note)

Water
Treatment
Engineering
Business Unit

Performance
Products
Business Unit

23,8405,772

29,612–

29,612

0

93

93

–

23,8405,865

29,705(93)(93)

Adjustment

Total

29,612

Segment profit
2,259
602
2,861
–
2,861
Note:
The figures for segment profit are based on operating profit, and there are no discrepancies with the operating profit
shown in the consolidated statement of income.

II Three months ended June 30, 2024 (From April 1, 2024 to June 30, 2024)
1. Information relating to net sales and profit by each reportable segment
Reportable Segment(Millions of yen)Amountrecorded in the
consolidated
statement ofincome(Note)

Water
Treatment
Engineering
Business Unit

Performance
Products
Business Unit

Net sales
Sales to external customers
Intersegment sales or transfers

25,4640

6,155
90

31,61990–(90)

31,619–Total

25,464

6,246

31,710(90)

31,619Total

Adjustment

Segment profit
3,221
779
4,001
–
4,001
Note:
The figures for segment profit are based on operating profit, and there are no discrepancies with the operating profit
shown in the consolidated statement of income.

2. Matters relating to changes in reporting segments
In order to expand the functional materials business, which is a priority business, through the digitalmarketing strategy, etc. of the Performance Products Business, the Group transferred the Separation
and Refinement Sales Department under the Electronics Division of the Industrial Plant Business,and placed it under the Functional Materials Department of the Performance Products Business
Division of the Performance Products Business. Accordingly, the separation and refinement business,
which was previously included in the “Water Treatment Engineering Business Unit,” is now includedin the “Performance Products Business Unit,” effective from the first quarter ended June 30, 2024.
Segment information for the three months ended June 30, 2023 is prepared and presented based on
the classification after the change.

- 10 -

3. Supplementary information
Overview of Consolidated Financial Results for the Three Months ended June 30, 2024
1) Orders received, net sales, and operating profit by business segment(Millions of yen)
Fiscal year ended March 31, 2024

Fiscal year ending March 31, 2025

1Q Results
Full year(April-June
Results
2024)

27,54064,324120,420

Net sales

23,84053,890Operating profit

2,259

(%)

Full year
Forecast

1Q

1H

Full year

Orders received

46,54678,000141,000

19,006

13,675

20,579126,393

25,46461,000136,000

1,624

7,109

9,606

6,448

19,111

3,221

8,000

20,900

962

1,551

1,788

9.5%

12.0%

15.1%

12.7%

13.1%

15.4%

3.2pt

1.1pt

0.2pt

Orders received

6,057

11,82524,0486,163

12,00024,000

106

174

(48)

Net sales

5,772

11,57923,962

6,155

12,00024,000

382

420

37

602

1,406

3,433

779

1,500

3,600

177

93

166

(%)

10.4%

12.1%

14.3%

12.7%

12.5%

15.0%

2.2pt

0.4pt

0.7pt

Orders received

33,59876,150144,468

52,71090,000165,000

19,112

13,84920,531

Net sales

29,612

65,469150,356

31,61973,000160,000

2,006

7,530

9,643

Operating profit

2,861

7,855

22,544

4,001

9,500

24,500

1,140

1,644

1,955

(%)

9.7%

12.0%

15.0%

12.7%

13.0%

15.3%

3.0pt

1.0pt

0.3pt

Company-wide

1H
Forecast

Performance Products
Business Unit

1H
Results

Water Treatment
Engineering Business Unit

1Q Results(April-June2023)

Change from the previous period

Operating profit

Note:

Effective from the first quarter ended June 30, 2024, the method of classification of the reportable segments has beenchanged and figures for the fiscal year ended March 31, 2024 presented are restated based on the classification after
the change.

- 11 -

2) Net sales by business segment and by division(Millions of yen)
Fiscal year ended March 31, 2024

Water Treatment
Engineering
Business Unit
Plant
Service
Solutions
Performance
Products Business
Unit
Water
Treatment
ChemicalsStandard
Equipment andFilters
Food ProductsCompany-wide
net sales
Note:

Fiscal year ending March 31, 2025

1Q Results(April-June
2023)

1H
Results

1Q Results
Full year(April-June
Results
2024)

23,84053,890126,393

12,66929,609

11,171

Change from the previous period

1H
Forecast

Full year
Forecast

1Q

1H

25,46461,000136,000

1,624

7,109

9,606

68,74912,79534,00073,000

126

4,391

4,251

24,281

57,644

12,66927,00063,000

1,498

2,719

5,356

5,772

11,57923,962

6,155

12,00024,000

382

420

37

2,113

4,246

8,589

2,235

4,500

9,200

122

254

611

2,003

4,028

9,116

2,261

4,500

10,000

258

472

884

1,656

3,305

6,257

1,659

3,000

4,800

3

(305)

(1,457)

29,612

65,469150,356

31,61973,000160,000

2,006

7,530

9,643

Full year

Effective from the first quarter ended June 30, 2024, the method of classification of the reportable segments has beenchanged and figures for the fiscal year ended March 31, 2024 presented are restated based on the classification after
the change.

- 12 -

3) Orders received and net sales by region(Millions of yen)
Fiscal year ended March 31, 2024

Fiscal year ending March 31, 2025

1Q Results(April-June
2023)

1H
Results

1Q Results
Full year(April-June
Results2024)

Orders received

33,59876,150144,468

Japan

27,03854,741

Taiwan

2,732

China
Southeast Asia,
U.S., and other

Change from the previous period

1H
Forecast

Full year
Forecast

1Q

1H

Full year

52,71090,000165,000

19,112

13,84920,531

109,955

32,64752,000102,000

5,609(2,741)(7,955)

11,142

15,58917,78327,00035,00015,051

15,85819,411

1,640

2,335

8,176

725

8,000

16,000

(915)

5,665

7,824

2,186

7,932

10,748

1,553

3,000

12,000(632)(4,932)

1,252

Net sales

29,612

65,469150,356

31,61973,000160,000

2,006

7,530

9,643

Japan

21,25144,141

96,544

19,88843,00098,000(1,363)(1,141)

1,455

Taiwan

4,206

8,973

18,555

5,287

13,00028,000

1,081

4,026

9,444

China

830

6,208

19,996

2,946

9,000

18,000

2,115

2,791

(1,996)

3,324

6,145

15,260

3,497

8,000

16,000

173

1,854

739

Southeast Asia,
U.S., and other- 13 -

4) Water Treatment Engineering Business Unit orders received and net sales by market(Millions of yen)
Fiscal year ended March 31, 2024

Orders received
Electronics
industry
Generalindustry
Electric power/
water supply
and sewage
Net sales

Fiscal year ending March 31, 2025

1Q Results(April-June
2023)

1H
Results

1Q Results
Full year(April-June
Results
2024)

27,54064,324120,420

17,883

41,663

6,910

Change from the previous period

1H
Forecast

Full year
Forecast

1Q

1H

Full year

46,54678,000141,000

19,006

13,675

20,57978,24635,01356,00097,00017,13014,33718,754

15,97330,986

8,941

15,60032,000

2,031

(373)

1,014

2,747

6,688

11,188

2,592

6,400

12,000

(155)

(288)

812

23,84053,890126,393

25,46461,000136,000

1,624

7,109

9,606

Electronics
17,742
37,61988,292
19,32743,50094,000
1,585
5,881
5,708
industry
General
4,752
13,021
27,4695,159
14,40030,000
407
1,379
2,531
industry
Electric power/
water supply
1,346
3,250
10,633977
3,100
12,000
(369)
(150)
1,367
and sewage
Note: Effective from the first quarter ended June 30, 2024, the method of classification of the reportable segments has beenchanged and figures for the fiscal year ended March 31, 2024 presented are restated based on the classification after
the change.

- 14 -