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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 14, 2024
Company name:
COPRO-HOLDINGS. Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
7059
URL https://www.copro-h.co.jp/
Representative:
Chief Executive Officer
Kosuke Kiyokawa
Inquiries:DirectorMasahiko Saito
Scheduled date to file Quarterly Securities Report:
February 14, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:
NoTEL+81-52-589-3066(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the Nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2023
17,496
28.8
1,406
63.0
1,480
70.8
936
79.7
Nine months ended December 31, 2022
13,58418.7
862 (23.1)
866 (22.6)
521 (15.9)

Earnings per share

Diluted earnings per share

Yen
Yen
Nine months ended December 31, 2023
49.87
47.82
Nine months ended December 31, 2022
28.06
27.82
(Note) On October 1, 2023, the Company conducted a two-for-one stock split of common stock. “Earnings per share” and“Diluted earnings
per share” is calculated assuming that the stock split was executed at the beginning of the previous consolidated accounting year.
(2) Consolidated financial position
Total assets
As of December 31, 2023
As of March 31, 2023

Net assets

Millions of yen
11,0279,995

Equity ratio

Millions of yen
7,527
7,112

%
67.8
70.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
10.00
30.00

Yen––

Yen
40.00

Total
Yen
50.00

Year ending March 31, 2024 (Forecast)
30.00－（Note）Revisions to the dividend forecasts announced most recently: NoOn 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.

13. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
24,298
29.3
2,042
54.5
2,115
59.7
1,361
57.4
72.26
（Note）1. Revisions to the earnings forecasts announced most recently: No
2. On October 1, 2023, the Company conducted a two-for-one stock split of common stock. “Earnings per share” is calculated
assuming that the stock split was executed at the beginning of the fiscal year ending March 2024.

4. Notes(1) Changes in significant subsidiaries during the Nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):
Excluded: 1 companies (Company name) VALUE ARK CONSULTING Co., Ltd.
(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
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 of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

20,000,000 shares As of March 31, 2023

20,000,000 shares

Number of treasury shares at the end of the period
As of December 31, 2023

1,030,498 shares As of March 31, 2023

1,412,814 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023
18,782,102 shares Nine months ended December 31, 2022
18,575,334 shares（Note） On October 1, 2023, the Company conducted a two-for-one stock split of common stock. Total number of issued shares at theend of the period, Number of treasury shares at the end of the period and Average number of shares during the period havebeen calculated as if this stock split had taken place at the beginning of the previous fiscal year.

2Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Construction in progress
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 March 31, 2023

As of December 31, 2023

4,406,607
2,899,917
445,444
7,751,969

5,231,461
3,084,010
436,188
8,751,661

453,952－
129,687
583,639442,452
3,018
126,688572,159

674,957
312,616
987,574

686,188435,234
1,121,423

170,613501,442－672,056
2,243,270
9,995,239

115,795
482,719(16,500)
582,0142,275,597
11,027,258

1,727,949
218,476
487,640
102,813
1,258
178,847
2,716,985

2,194,574
234,635
552,424
42,5607,939
307,779
3,339,913

30,864
123,921
11,297
166,082
2,883,068

34,743
125,191－
159,934
3,499,848

30,0001,239,291
6,111,694(344,915)
7,036,070

30,0001,297,630
6,393,012(251,628)
7,469,015

5,342
5,342
70,758
7,112,171
9,995,239

5,924
5,924
52,471
7,527,410
11,027,258

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)
Nine months ended
December 31, 2022
13,584,624
9,530,318
4,054,305
3,191,412862,893

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
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
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 owners of parent

4(Thousands of yen)
Nine months ended
December 31, 2023
17,496,800
12,616,371
4,880,429
3,474,012
1,406,417

39
1,374
855
320
－
2,145
4,735

66
2,398
855
176
70,671
944
75,112

24
724
17
766
866,862

4
724
2
730
1,480,799

227－
227－
315
315

3,796
3,796
863,293329,720
12,269341,990
521,302521,30200
1,481,114
500,861
43,521
544,382
936,732
936,732

OtherConsolidated statements of comprehensive income (cumulative)
Nine months ended
December 31, 2022
521,302

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)
Nine months ended
December 31, 2023
936,732

4,628
4,628
525,931581
581
937,313525,931

937,313