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.

August 7, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
Company name:

Furukawa Co., Ltd.

Listing:
Securities code:
URL:
Representative:

Tokyo Stock Exchange5715
https://www.furukawakk.co.jp
Minoru Nakatogawa, President and Representative Director
Tsuyoshi Tajika, Executive Officer and General Manager, Accounting Department

Inquiries:
Telephone:+81-3-6636-9502

Scheduled date to commence dividend payments:–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results briefing:

None
None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30,2024)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)
Net sales
Three months ended
June 30, 2024

Millions of yen
47,657

June 30, 2023

47,472

Note: Comprehensive income

June 30, 2024
June 30, 2023

Ordinary profit

Profit attributable toowners of parent% Millions of yen
0.4
2,296

% Millions of yen(16.9)
3,130% Millions of yen(26.6)
2,258

%
(7.2)

(9.8)

25.9

23.4

3.5

2,761

For the three months ended June 30, 2024:
For the three months ended June 30, 2023:

Basic earnings
per share
Three months ended

Operating profit

Diluted earnings
per share

Yen

Yen

60.72
63.87

–
–

4,267
¥ 2,142 million¥ 5,057 million

2,434[(57.6)%][264.4%]

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

267,866
259,878

133,345
133,27248.5
50.0

June 30, 2024
March 31, 2024
Reference: Equity
As of June 30, 2024:
As of March 31, 2024:¥ 129,930 million¥ 129,907 million

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen
Yen
Fiscal year ended–
0.00
March 31, 2024
Fiscal year ending–
March 31, 2025
Fiscal year ending
March 31, 2025
30.00
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Fiscal year-end

Total

Yen

Yen

Yen

–

55.00

55.00

–

30.00

60.00

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 toMarch 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millions ofyenOperating profit%

Millions ofyenProfit attributable toowners of parent

Ordinary profit%

Millions ofyen%

Six months ending
91,000(4.0)
3,700(19.6)
3,700(39.1)
September 30, 2024
Fiscal year ending
187,700
(0.3)
8,700
2.1
8,000
(23.0)March 31, 2025
Note: Revisions to the forecast of financial results most recently announced: None

Basic earnings
per share

Millions of
yen

%

Yen

10,000(22.6)

268.8914,000(13.0)

376.45

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
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: Yes(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 June 30, 2024

40,445,568 shares

As of March 31, 2024

40,445,568 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

3,255,793 shares

As of March 31, 2024

3,255,730 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

37,189,789 shares

Three months ended June 30, 2023

38,115,979 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: None.
* Proper use of earnings forecasts, and other special matters
Caution Concerning Forward-looking Statements
The forward-looking statements, including earnings outlook, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable by theCompany. The Company makes no warranty as to the achievability of the projections. Actual business andother results may differ substantially from the statements herein due to a number of factors. Please refer to “1.
Performance Overview, (3) Information regarding consolidated performance forecasts and other forwardlooking statements” on page 5 of the attached material for the suppositions that form the assumptions forearnings forecasts and cautions concerning the use thereof.

Furukawa Co., Ltd. (5715)

Attached Material
Index
1. Performance Overview ............................................................................................................................. 2(1) Operating results................................................................................................................................. 2(2) Financial position ............................................................................................................................... 5(3) Information regarding consolidated performance forecasts and other forward-looking
statements ........................................................................................................................................... 5
2. Quarterly Consolidated Financial Statements and Significant Notes Thereto .......................................... 6(1) Quarterly consolidated balance sheet ................................................................................................. 6(2) Quarterly consolidated statement of income and consolidated statement of comprehensive
income ................................................................................................................................................ 8
Quarterly consolidated statement of income (cumulative) ................................................................. 8
Quarterly consolidated statement of comprehensive income (cumulative) ........................................ 9(3) Notes to quarterly consolidated financial statements ....................................................................... 10
Notes on going concern assumptions ............................................................................................... 10
Changes in accounting policies ........................................................................................................ 10
Notes on significant changes in the amount of shareholders’ equity ................................................ 10
Notes to quarterly consolidated financial statement of cash flows ................................................... 10
Notes to segment information .......................................................................................................... 11
Supplementary Material on Financial Results for the Three Months Ended June 30, 2024 ......................... 13-1-

Furukawa Co., Ltd. (5715)

1. Performance Overview
Matters concerning forward-looking statements in the text are according to the judgment as of the endof the first quarter of the fiscal year ending March 31, 2025.
(1) Operating results(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Year-on-year change

Net sales

47,47247,657

185

Operating profit

2,761

2,296

(465)

Ordinary profit

4,267

3,130

(1,137)

Profit attributable to owners of parent

2,434

2,258

(176)

In the first quarter under review (April 1–June 30, 2024), the Japanese economy experienced agradual recovery, supported by various government policies and an improving employment andincome environment. Corporate earnings also showed overall improvement. On the other hand,several factors posed a risk of downward pressure on the domestic economy. These included theslowdown of overseas economies due to continued high interest rates in Europe and the UnitedStates, as well as concerns about the Chinese economy and the situations in Ukraine and the
Middle East.
In this economic environment, the Furukawa Company Group posted consolidated net sales of¥47,657 million, an increase of ¥185 million year on year, and operating profit of ¥2,296 million, adecrease of ¥465 million. The Industrial Machinery segment reported higher sales and lower
operating profit, while the Rock Drill Machinery and the UNIC Machinery segments posted
declines in both sales and operating profit. Overall, the Machinery business reported higher sales
and lower operating profit. In the Materials business, the Metals and Electronics segments recorded
lower sales and operating profit, while the Chemicals segment posted higher sales and operating
profit. As a result, the Materials business as a whole posted lower sales and operating profit. The
Real Estate business reported increases in both sales and operating profit. Within non-operating
income, we posted ¥484 million in dividend income. As a result, ordinary profit amounted to¥3,130 million, down ¥1,137 million year on year. After recording income taxes of ¥774 million,
profit attributable to owners of parent was ¥2,258 million, down ¥176 million.
Below is a summary of sales and operating profit (loss) by reportable segment.
Industrial Machinery(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

2,348

4,847

2,499

(4)

(217)

(212)

The Industrial Machinery segment posted sales of ¥4,847 million, up ¥2,499 million year on year,
and an operating loss of ¥217 million, up ¥212 million. As for revenue, sales of material machinery
increased due to greater shipments of main units and an increase in the sales volume of crushedstone plants. In the contractor business, we reported sales corresponding to progress of bridgerelated projects, including the Iinuma River Viaduct, Takasu No. 1 Bridge, and two other bridges,
resulting in an increase in sales. With respect to material machinery, we incurred additional costs
due to delays in plant construction and other factors. As a result, the segment recorded an operating
loss for the period.

-2-

Furukawa Co., Ltd. (5715)

Rock Drill Machinery(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

9,350

8,875

(475)

961

846

(115)

Sales in the Rock Drill Machinery segment totaled ¥8,875 million, down ¥475 million year on year,
and operating profit was ¥846 million, down ¥115 million. In Japan, sales decreased due to lower
shipments of hydraulic crawler drills and tunnel drill jumbos. Overseas, we reported higher sales ofhydraulic crawler drills in North America, and the weaker yen also had a positive effect on sales.
Due to a lull in demand for hydraulic breakers in North America, however, overall overseas sales
declined.
UNIC Machinery(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

7,167

6,999

(167)

446

340

(106)

Sales in the UNIC Machinery segment amounted to ¥6,999 million, down ¥167 million year on
year, and operating profit was ¥340 million, down ¥106 million. In Japan, the supply of trucks
remained unstable, but shipments of UNIC cranes were on a par with the previous corresponding
period. Due to lower shipments of UNIC carriers, however, overall domestic sales declined.
Overseas, shipments of UNIC cranes to Asia and the Middle East increased, but shipments of minicrawler cranes to North America and Europe decreased, resulting in a decline in overseas sales.
[Machinery Business Total](Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Year-on-year change

Sales

18,866

20,722

1,856

Operating profit

1,404

970

(434)

Total sales of the Machinery business—consisting of the Industrial Machinery, Rock Drill
Machinery, and UNIC Machinery segments—amounted to ¥20,722 million, an increase of ¥1,856
million year on year, while operating profit was ¥970 million, a decrease of ¥434 million.
Metals(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

23,04921,441(1,608)

933

887

(45)

Sales in the Metals segment amounted to ¥21,441 million, down ¥1,608 million year on year, andoperating profit was ¥887 million, down ¥45 million. The overseas market price for electrolytic
copper started the period at US$8,920.00/ton and hit a two-year high of US$10,857.00/ton on May
20, 2024, due to continued speculative buying. The price subsequently weakened to
US$9,476.50/ton at the end of the period, mainly due to profit-taking by speculators and renewed
concerns over the real estate crisis in China. Electrolytic copper production was 11,586 tons, down
1,662 tons from the previous corresponding period. Despite a decrease in sales volume, sales in-3-

Furukawa Co., Ltd. (5715)

value terms increased due to higher overseas market prices and a weaker yen. On the other hand,sales of electrolytic gold decreased due to a decline in sales volume.
Electronics(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

1,765

1,507

(258)

173

(3)

(176)

The Electronics segment posted sales of ¥1,507 million, down ¥258 million year on year, and an
operating loss of ¥3 million, compared with operating profit of ¥173 million in the previous
corresponding period. Sales of aluminum nitride ceramics increased due to signs of recovery indemand for parts for semiconductor manufacturing equipment. However, sales of crystal products
were impacted by inventory adjustments by users, and sales of coils were affected by thesuspension of shipments by some automakers, resulting in a year-on-year decline in segment sales.
Chemicals(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

2,341

2,467

125

211

244

32

Sales in the Chemicals segment amounted to ¥2,467 million, up ¥125 million year on year, andoperating profit was ¥244 million, up ¥32 million. Sales of cupric oxide increased due to higher
unit sales prices resulting from rising copper prices and a change in our sales mix. This was despitea decline in demand related to package substrates for servers, as well as PCs and smartphones.
Meanwhile, sales of cuprous oxide increased on the back of strong demand for ship-bottom paints,
a major application for that product, as well as higher unit sales prices resulting from rising copper
prices and price revisions.
[Material Business Total](Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Year-on-year change

Sales27,15625,415(1,740)Operating profit

1,318

1,128

(190)

Total sales of the Materials business—consisting of the Metals, Electronics, and Chemicals
segments—amounted to ¥25,415 million, a decrease of ¥1,740 million year on year, and operating
profit was ¥1,128 million, a decrease of ¥190 million.
Real Estate(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Year-on-year change

Sales

443

511

68

Operating profit

112

185

72

Sales in the Real Estate business amounted to ¥511 million, up ¥68 million year on year, andoperating profit was ¥185 million, up ¥72 million. As for the Muromachi Furukawa Mitsui-4-Furukawa Co., Ltd. (5715)

Building (commercial name: COREDO Muromachi 2), our main facility, commercial rent
revenues, which are variable and based on sales at each commercial facility, recovered to preCOVID-19 level, while office revenues increased on the back of improved vacancy rates.
Others(Millions of yen)Three months ended
June 30, 2023
Sales
Operating profit

Three months ended
June 30, 2024

Year-on-year change

1,006

1,007

0

(60)

34

95

This segment covers metal powder, casting, transportation, and other businesses. In the period
under review, the segment recorded sales of ¥1,007 million, unchanged year on year, and operating
profit of ¥34 million, compared with an operating loss of ¥60 million in the previous corresponding
period.
(2) Financial position(Millions of yen)
End of previous fiscal
year

End of the firstquarter of the fiscal
year ending March
31, 2025

Change from end of
previous fiscal year

Total assets

259,878

267,866

7,988

Liabilities

126,605

134,5217,915(Interest-bearing debt)

58,38964,3405,951

Net assets

133,272

133,345

72

50.0

48.5

(1.5)

Equity-to-asset ratio(%)

At the end of the period (June 30, 2024), total assets amounted to ¥267,866 million, an increase of¥7,988 million from March 31, 2024. Main factors included a decrease in cash and deposits and anincrease in merchandise and finished goods, as well as raw materials and supplies. Prepaid
expenses (included in “Other” under “Current assets”) also increased due to higher payments for
raw metal ore. Interest-bearing debt totaled ¥64,340 million, up ¥5,951 million. Net assets
amounted to ¥133,345 million, up ¥72 million.
(3) Information regarding consolidated performance forecasts and other forward-looking statements
The Furukawa Company Group has made no changes to its full-year performance forecasts
announced on May 13, 2024.

-5-

Furukawa Co., Ltd. (5715)

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise 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
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-6-

As of June 30, 2024

18,513

13,99230,40831,702

20,044
13,67013,6993,350(50)
99,63622,421
12,78816,853
10,773(45)
108,486

23,36551,765
16,914
92,045342

25,18751,70914,77391,670329

47,38322,897(2,426)67,853
160,241
259,878

46,24723,010(1,878)67,379159,379
267,866

Furukawa Co., Ltd. (5715)(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
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provisions
Retirement benefit liability
Asset retirement obligations
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
Revaluation reserve for land
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-7-

As of June 30, 2024

14,267
11,135
6,558
3,169
356
16,183
51,66917,152
10,953
13,219750
452
18,41560,9435,000
46,83120956
234
21,89374,935
126,605

5,000
46,12127965
235
21,22773,577
134,521

28,2082
73,046(4,707)96,54928,2082
73,259(4,708)96,761

23,342
36
2,575
2,232
5,172
33,3583,365
133,272
259,878

22,721
(136)
2,575
2,958
5,049
33,1683,415
133,345
267,866

Furukawa Co., Ltd. (5715)(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income
Quarterly consolidated statement of income (cumulative)(Millions of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Administrative expenses of inactive mountain
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Subsidy income
Gain on sale of golf club membership
Other
Total extraordinary income
Extraordinary losses
Impairment losses
Demolition expenses of a rental building
Other
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-

Three months ended
June 30, 2024

47,47239,902
7,570
4,808
2,761

47,657
40,626
7,031
4,735
2,296

500

484

88

274

950
412
1,952

464
134
1,358

119
216
109
446
4,267

128
254
140
524
3,130

28
–
–
1
30

6
12
11
1
32

–
458
56
514
3,783
417
859
1,277
2,506
71
2,434

63
–
21
84
3,078
565
208
774
2,303
45
2,258

Furukawa Co., Ltd. (5715)

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2023
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-9-

Three months ended
June 30, 2024

2,506

2,303

2,938
(500)
154
(33)

(620)
(172)
754
(122)

(8)

–

2,550
5,057

(161)
2,142

4,963

2,068

93

74

Furukawa Co., Ltd. (5715)(3) Notes to quarterly consolidated financial statements
Notes on going concern assumptions
Not applicable.
Changes in accounting policies
Application of Accounting Standard for Current Income Taxes, Etc.
The Company has applied the “Accounting Standard for Current Income Taxes” (Accounting Standards
Board of Japan (ASBJ) Statement No. 27, October 28, 2022; the “Revised Accounting Standard of2022”) and other relevant ASBJ regulations from the beginning of the first quarter of the fiscal year
ending March 31, 2025.
Revisions to categories for recording current income taxes (taxation on other comprehensive income)conform to the transitional treatment in the proviso of paragraph 20-3 of the Revised AccountingStandard of 2022 and to the transitional treatment in the proviso of paragraph 65-2(2) of the “Guidanceon Accounting Standard for Tax Effect Accounting” (ASBJ Guidance No. 28, October 28, 2022; the“Revised Guidance on Accounting Standard of 2022”). This change in accounting policies has no
impact on the quarterly consolidated financial statements.
In addition, regarding the revisions related to revised treatment in the consolidated financial statementsof the deferral for tax purposes of gains or losses arising from the sale of shares of subsidiaries andother securities between consolidated companies, the Company has applied the Revised Guidance on
Accounting Standard of 2022 from the beginning of the first quarter of the fiscal year ending March 31,
2025. The change in the accounting policy has been applied retrospectively. Therefore, the new
accounting policy was reflected in the quarterly consolidated financial statements for the same periodof the previous fiscal year and in the consolidated financial statements for the previous fiscal year.
However, there is no impact on the quarterly consolidated financial statements for the same period of
the previous fiscal year and on the consolidated financial statements for the previous fiscal year as aresult of this change in accounting policy.
(Application of “Practical Solution on the Accounting for and Disclosure of Current Taxes Related to
the Global Minimum Tax Rules”)
The Company has applied the Practical Solution on the Accounting for and Disclosure of Current Taxes
Related to the Global Minimum Tax Rules (ASBJ Practical Solution No. 46, March 22, 2024;
hereinafter “ASBJ PITF No. 46”), from the beginning of the first quarter ended June 30, 2024.
As the Company has applied paragraph 7 of ASBJ PITF No. 46, paragraph 7, for first quarter ended
June 30, 2024, the Company does not record current taxes related to the global minimum tax rules. As aresult, there is no impact on the quarterly consolidated financial statements.
Notes on significant changes in the amount of shareholders’ equity
Not applicable.
Notes to quarterly consolidated financial statement of cash flows
Quarterly consolidated statements of cash flows for the three months ended June 30, 2024 are notprepared. The amounts of depreciation (including amortization related to intangible assets excluding
goodwill) for the three months ended June 30, 2024 are as follows:(Millions of yen)Three months ended June 30, 2023

Three months ended June 30, 2024

1,068

1,188

Depreciation- 10 -

Furukawa Co., Ltd. (5715)

Notes to segment information[Segment information]
1. Three months ended June 30, 2023
(1) Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

2,348

9,350

7,167

796

1

3,144
(4)

MetalsElectronics

Chemicals

23,049

1,765

2,341

93

58

–

14

9,352

7,260

23,108

1,765

2,355

961

446

933

173

211

Eliminations/
corporate(Note 2)

Amountrecorded in thequarterly
consolidated
statement ofincome(Note 3)

Reportable segment

Real Estate

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

Total

443

46,465

1,006

47,472–47,472

2

966

469

1,436

(1,436)–445

47,432

1,476

48,909(1,436)47,472

112

2,835

(60)

2,775

(13)

2,761

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes themetal powder business, casting business, transportation business, and other businesses.
2. Segment profit (loss) adjustment of ¥(13) million includes eliminations of intersegment transactions of ¥14
million and company-wide expenses not allocated to each reportable segment of ¥(28) million. Company-wide
expenses are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do notbelong to the reportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

- 11 -

Furukawa Co., Ltd. (5715)

2. Three months ended June 30, 2024
(1) Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

4,847

8,875

6,999

771

1

5,619
(217)

MetalsElectronics

Chemicals

21,441

1,507

2,467

50

61

–

14

8,876

7,050

21,502

1,507

2,481

846

340

887

(3)

244

Eliminations/
corporate(Note 2)

Amountrecorded in thequarterly
consolidated
statement ofincome(Note 3)

Reportable segment

Real Estate

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

Total

511

46,650

1,007

47,657–47,657

2

901

490

1,392

(1,392)–514

47,552

1,497

49,049(1,392)47,657

185

2,283

34

2,318

(22)

2,296

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes themetal powder business, casting business, transportation business, and other businesses.
2. Segment profit (loss) adjustment of ¥(22) million includes eliminations of intersegment transactions of ¥6 million
and company-wide expenses not allocated to each reportable segment of ¥(29) million. Company-wide expenses
are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do not belong to thereportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

(2) Information relating to impairment losses on non-current assets, goodwill, etc., byreportable segment
Significant impairment losses on non-current assets
The Company recorded impairment losses in the Rock Drill Machinery segment. The
recorded amount of such impairment losses was ¥63 million in the first three months ended
June 30, 2024.

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Furukawa Co., Ltd. (5715)

Supplementary Material on Financial Results
for the Three Months Ended June 30, 2024
August 7, 2024
Furukawa Co., Ltd.
Net sales(Yen amounts are rounded down to millions.)Three months Three months
Year-on-year
ended
ended
changeJune 30, 2023 June 30, 2024
Machinery businessIndustrial Machinery segment
Rock Drill Machinery segment
UNIC Machinery segment

Fiscal year ending March 31, 2025
Six month Year-onYear-onForecast
forecast year change
year change

18,866

20,722

1,856

41,4001,097

84,300

2,214

2,348
9,350

4,847
8,875

2,499
(475)

8,600
17,8002,545(2,161)

19,10033,4003,551(5,282)

7,167

6,999

(167)

15,000713

31,8003,946

Materials business

27,15625,415(1,740)46,500(5,003)97,000(3,388)

Metals segment

23,04921,441(1,608)38,500(4,859)80,100(4,612)

Electronics segment
Chemicals segment

1,765
2,341

1,507
2,467

(258)
125

3,100
4,900

(440)
296

7,400
9,500

633
591

443

511

68

1,000

96

2,100

226

1,006

1,007

0

2,100

16

4,300

391

47,47247,657

185

91,000(3,793)

187,700(555)

Real Estate segment
Others segment
Total

Operating profit
Three months Three months
Year-on-year
ended
ended
changeJune 30, 2023 June 30, 2024
Machinery business

1,404

970

(434)

Industrial Machinery segment

(4)

(217)

(212)

Rock Drill Machinery segment
UNIC Machinery segment

961
446

846
340

(115)
(106)

1,318

1,128

(190)

Metals segment
Electronics segment

933
173

887
(3)

Chemicals segment

211

Real Estate segment

112

Materials business

Others segment

Fiscal year ending March 31, 2025
Year-onSix month Year-onForecast
forecast year change
year change
2,200

(381)

6,800

1,103

100

383

1,500

1,110

1,400
700

(746)
(17)

2,900
2,400

(1,248)
1,241

1,300

(612)

1,500

(1,265)

(45)
(176)

900
0

(354)
(274)

500
400

(1,445)
187

244

32

400

16

600

(8)

185

72

300

73

600

129

(60)

34

95

(100)

(13)

(100)

193

(Subtotal)

2,775

2,318

(456)

3,700

(934)

8,800

161

Eliminations/corporate

(13)

(22)

(9)

0

34

(100)

14

2,761

2,296

(465)

3,700

(899)

8,700

175

Total

Exchange rate/Copper priceThree months Three months
Year-on-year
ended
ended
changeJune 30, 2023 June 30, 2024

Fiscal year ending March 31, 2025
Six month Year-onYear-onForecast
forecast year change
year change

Exchange rate

Yen/$

137.4

155.9

18.5

152.9

11.9

151.5

6.8

Copper price

$/mt

8,478

9,751

1,273

9,376

959

9,188

826

- 13 -

Furukawa Co., Ltd. (5715)* Reference Information (the below values are reference values)
1. Industrial Machinery segment order balance
The Industrial Machinery segment mainly provides built-to-order manufacturing, and the order balance as of theend of the first quarter is as follows.
As ofJune 30, 2023
Order backlog¥16.3 billion

As ofJune 30, 2024
¥14.1 billion

Year-on-year change¥(2.1) billion

2. Profit or loss from metal price fluctuations in the Metals segment
Three months ended Three months ended
Year-on-year change
June 30, 2024
June 30, 2023
Operating profit¥0.93 billion¥0.88 billion¥(0.04) billion

Of which was due to pricefluctuations¥0.70 billion¥0.60 billion¥(0.09) billion[¥0.30 billion][¥0.36 billion][¥0.36 billion][¥0.20 billion][¥0.06 billion][¥(0.16) billion]

CopperGold- 14 -