Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 9, 2024
Company name:
COPRO-HOLDINGS. Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:7059
URL https://www.copro-h.co.jp/
Representative: Kosuke Kiyokawa, Chief Executive Officer
Inquiries: Takashi Matsuda, Executive Officer, Manager of Corporate Planning Office
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
NoTEL+81-52-589-3066(Amounts less than one million yen are rounded down)
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
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parentMillions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2024
6,870
27.1
418
77.2
432
40.2
265
39.0
Three months ended June 30, 2023
5,406
27.2
236
2.5
308
33.6
191
41.6
Earnings per share

Diluted earnings per share

YenYenThree months ended June 30, 2024
13.82
13.37
Three months ended June 30, 2023
10.28
9.89
(Note) On October 1, 2023, the Company conducted a two-for-one stock split of common stock. “Earnings per share” and“Diluted earnings pershare” is calculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year.
(2) Consolidated financial position
Total assets

Net assets

Millions of yen
11,453
12,150

As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
7,644
8,116

%
66.2
66.3

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
30.00

Yen–

Yen
35.00

Year ended March 31, 2024
Year ending March 31, 2025

TotalYen－Year ending March 31, 2025 (Forecast)
20.00–40.00
60.00（NOTE）On October 1, 2023, the Company conducted a two-for-one stock split of common stock. Regarding the dividend per share for thefiscal year ending March 2024, the amount before the split is shown at the end of the second quarter, and the amount after the split isshown at the end of the fiscal year.

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Percentages indicate year-on-year changesProfit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

13,948

25.2

1,032

40.0

1,046

29.0

675

32.3

35.09

30,000

24.5

2,700

26.1

2,714

22.7

1,755

19.9

91.22

1

4. Notes(1) Significant changes in the scope of consolidation during the periodNo(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations:No

Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement:No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

20,000,000 shares As of March 31, 2024

20,000,000 shares

Number of treasury shares at the end of the period
As of June 30, 2024

718,746 shares As of March 31, 2024

916,690 shares

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

19,238,910 shares Three months ended June 30, 2023

18,607,720 shares*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or anaudit firm: No2

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - other
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

3

As of June 30, 2024

5,949,357
3,524,988
415,7889,890,134

4,970,972
3,655,585
505,168
9,131,726

444,694
141,368
586,062441,083
148,399
589,482

656,251
418,279
1,074,531

645,516
394,861
1,040,377

140,345476,065(16,500)
599,9112,260,504
12,150,639

107,420
600,551(16,500)
691,471
2,321,331
11,453,058

2,287,301
464,421718,080
75,3184,690
299,326
3,849,137

2,737,354
133,616
589,753
74,814
2,117
80,592
3,618,249

35,000132,544
17,665
185,209
4,034,347

36,661
137,522
16,555
190,739
3,808,988

30,0001,325,959
6,921,842(223,838)
8,053,963

30,0001,395,196
6,519,794(367,195)
7,577,795

5,145
5,145
57,1818,116,291
12,150,639

8,417
8,417
57,856
7,644,069
11,453,058

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)
Three months ended
June 30, 2023
5,406,237
3,964,809
1,441,428
1,205,307
236,120

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Foreign exchange gains
Rental income
Gain on forfeiture of unclaimed dividends
Surrender value of insurance policies
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

4(Thousands of yen)Three months ended
June 30, 2024
6,870,969
5,071,678
1,799,291
1,380,936
418,354

11
1,282
285
90
70,671
259
72,59920－285
149
13,90444
14,403

2
241－
0
244
308,475

98
241
8
0
348
432,408

289
289

13
13－
－
308,764
86,331
31,214
117,546
191,218
191,2184343432,378
133,585
32,925
166,511
265,867
265,867

Consolidated statements of comprehensive income (cumulative)
Three months ended
June 30, 2023
191,218

ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent

5(Thousands of yen)Three months ended
June 30, 2024
265,867(1,812)(1,812)
189,405

3,271
3,271
269,139

189,405

269,139