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:
RIKEN KEIKI Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
7734
URL:
https://www.rikenkeiki.co.jp/
Representative:
Tetsuya Matsumoto, President
Inquiries:
Takuro Maeda, General Manager, Accounting Department, Corporate Administration Division
Telephone:+81-3-3966-1128
Scheduled date to commence dividend payments:–Preparation of supplementary materials on financial results:
None
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)1.
(1)

Consolidated Financial Results for the Three Months Ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Consolidated Operating Results (Cumulative)(% indicates year-on-year changes)
Net sales
Millions of Yen

Three months ended
June 30, 2024
June 30, 2023
Note: Comprehensive income

Operating profit%

Millions of Yen%

11,243(2.2)
2,673(12.6)
11,4906.8
3,058(10.8)
For the three months ended June 30, 2024
For the three months ended June 30, 2023

Earnings per share-Basic-Net profit attributable toowners of parent

Ordinary profit
Millions of Yen%

Millions of Yen%

3,226
(9.4)
2,239
3,560
(2.8)
2,533
2,909 million Yen [(14.1)%]
3,387 million Yen [17.5%](11.6)(1.9)

Earnings per share-DilutedYenYen

Three months ended
June 30, 2024
48.08–
June 30, 2023
54.41–
Note: Effective as of April 1, 2024, the Company implemented a 2-for-1 share split of common shares. Earnings per share arecalculated assuming the share split was implemented at the beginning of the previous fiscal year.
(2)

Consolidated Financial Position
Total assets
Millions of Yen

Net assets
Millions of Yen

Equity-to-asset ratio

Net assets per share%Yen

As of June 30, 2024
89,69474,43683.0
1,598.23
As of March 31, 2024
88,591
72,45381.8
1,555.65
Reference: Equity
As of June 30, 2024
74,436 million Yen
As of March 31, 2024 72,453 million Yen
Note: Effective as of April 1, 2024, the Company implemented a 2-for-1 share split of common shares. Net assets per share arecalculated assuming the share split was implemented at the beginning of the previous fiscal year.

2.

Cash Dividends
Annual dividends per share
Second quarter-end Third quarter-end
Fiscal year-end

First quarter-end
Yen

Yen

Yen

Total

Yen

Yen

Fiscal year ended
March 31, 2024
–
40.00
–
40.00
80.00
Fiscal year ending
March 31, 2025–
Fiscal year ending
March 31, 2025
(Forecast)
20.00–20.0040.00
Note: Revisions to the forecast of cash dividends most recently announced: None
Note: Effective as of April 1, 2024, the Company implemented a 2-for-1 share split of common shares. For the fiscal year ended
March 31, 2024, the amounts of actual dividends prior to the share split are stated. For the fiscal year ending March 31, 2025
(Forecast), the figures are stated taking the impact of the share split into consideration.
3.

Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(% indicates year-on-year changes)
Earnings perNet profit attributable
Net sales
Operating profit
Ordinary profit
shareto owners of parent-BasicMillions of Yen%

Millions of Yen%

Yen

Six months ending
September 30, 2024
23,600
4.1
5,900
0.9
6,150
Full year
48,0005.3
11,8002.8
12,300Note: Revision to the forecast of the financial results most recently announced: None

Millions of Yen%

Millions of Yen%

(4.7)
0.2

4,600
9,000

1.1
7.4

98.77
193.24* Notes(1) Significant changes in the scope of consolidation during the period: None
Newly included: – companies (Company name)
Excluded: – companies (Company name)(2)

Adoption of accounting process 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
47,322,000 shares
As of March 31, 2024
47,322,000 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024
747,476 shares
As of March 31, 2024
747,476 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024
46,574,524 shares
Three months ended June 30, 2023
46,566,854 shares
Note: Effective as of April 1, 2024, the Company implemented a 2-for-1 share split of common shares. The total number ofissued shares at the end of the period, number of treasury shares at the end of the period, and average number of shares
outstanding during the period are calculated assuming the share split was implemented at the beginning of the previous
fiscal year.

*

Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public
accountants or an audit corporation: None*

Proper use of earnings forecasts, and other special matters
The forward-looking statements such as financial results forecasts contained in this document are based on information currently
available to the Company and certain assumptions deemed to be reasonable, and the Company does not guarantee theirachievement of them. Actual financial results may differ significantly from the forecasts due to various factors. For assumptions
underlying the financial results forecasts and cautions concerning the use thereof, please refer to “(3) Explanation ofConsolidated Financial Results Forecasts and Other Forward-Looking Information” in “1. Outline of Operating Results” on page2 of the attachment.

○ Table of Contents of Attachment

1.

2.

Outline of Operating Results ............................................................................................................................................ 2(1)Outline of Operating Results for the Period under Review ................................................................................. 2(2)Outline of Financial Position for the Period under Review .................................................................................. 2(3)Explanation of Consolidated Financial Results Forecasts and Other Forward-Looking Information ............ 2

Quarterly Consolidated Financial Statements and Significant Notes Thereto ............................................................. 3(1)Quarterly Consolidated Balance Sheet .................................................................................................................. 3(2)Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive
Income ...................................................................................................................................................................... 5Quarterly Consolidated Statement of Income ............................................................................................................ 5First three months............................................................................................................................................... 5Quarterly Consolidated Statement of Comprehensive Income .................................................................................. 6First three months............................................................................................................................................... 6(3)Notes to Quarterly Consolidated Financial Statements ........................................................................................ 7(Notes on Going Concern Assumptions) ................................................................................................................... 7(Notes When There are Significant Changes in Amounts of Shareholders’ Equity) ................................................. 7(Notes on Changes in Accounting Policies)............................................................................................................... 7(Notes on Quarterly Consolidated Statement of Cash Flows).................................................................................... 7(Notes on Segment Information, Etc.) ....................................................................................................................... 7- 1 -1.

Outline of Operating Results(1) Outline of Operating Results for the Period under Review
In the first three months of the fiscal year under review, the outlook for the Japanese economy remained uncertain due to theprotraction of effect of the Russia-Ukraine situation, the globally high prices of resources, and yen depreciation, despite signsof gradual recovery, such as improvement in the employment and personal income environment.
In the industrial disaster prevention and safety equipment industry in which the Group belongs, our main customers in thedomestic semiconductor industry are still expected to require more time before they can resume capital investment, and thissituation of uncertainty is expected to continue in the foreseeable future.
Under these circumstances, the Group has continued to take measures to reduce costs by streamlining production, thoroughlyreduce expenses, develop aggressive sales activities, aggressively invest in new product development, and enhance its quality
control and service systems.
As a result of these measures, net sales for the first three months of the fiscal year under review were 11,243 million Yen(down 2.2% year-on-year), operating profit was 2,673 million Yen (down 12.6% year-on-year), ordinary profit came to 3,226
million Yen (down 9.4% year-on-year), and net profit attributable to owners of parent was 2,239 million Yen (down 11.6%year-on-year).
As the Group engages in a single segment of the manufacture and sale of various types of industrial measurement devices andtheir related businesses, in place of the operating results by segment, sales by device type are described below.
(i) Fixed gas detection alarm devices
Net sales of fixed gas detection alarm devices for the first three months of the fiscal year under review were 6,472 million
Yen (down 16.1% year-on-year).
(ii) Portable gas detection alarm devices
Net sales of portable gas detection alarm devices for the first three months of the fiscal year under review were 4,419
million Yen (up 25.9% year-on-year).
(iii) Other measurement devices
Net sales of other measurement devices for the first three months of the fiscal year under review were 351 million Yen (up32.6% year-on-year).

(2) Outline of Financial Position for the Period under Review
At the end of the first quarter of the fiscal year under review, assets totaled 89,694 million Yen, an increase of 1,102 million
Yen (up 1.2%) compared with the end of the previous fiscal year.
Current assets increased 566 million Yen from the end of the previous fiscal year to 57,620 million Yen. This was mainly due
to a 1,330 million Yen increase in securities, and a 964 million Yen increase in raw materials and supplies, despite a 1,556
million Yen decrease in cash and deposits.
Non-current assets increased 536 million Yen from the end of the previous fiscal year to 32,073 million Yen. This was mainly
due to a 350 million Yen increase in software in progress included in other in intangible assets, and a 252 million Yen increase
in investment securities.
At the end of the first quarter of the fiscal year under review, liabilities totaled 15,257 million Yen, a decrease of 880 million
Yen (down 5.5%) compared with the end of the previous fiscal year.
Current liabilities fell 659 million Yen from the end of the previous fiscal year to 11,762 million Yen. This was mainly due to a
1,566 million Yen decrease in notes and accounts payable - trade, and a 477 million Yen decrease in provision for bonuses,
despite a 1,131 million Yen increase in accrued expenses included in other in current liabilities.
Non-current liabilities fell 221 million Yen from the end of the previous fiscal year to 3,494 million Yen. This was mainly dueto an 87 million Yen decrease in long-term borrowings, and a 76 million Yen decrease in lease liabilities.
At the end of the first quarter of the fiscal year under review, net assets totaled 74,436 million Yen, an increase of 1,983 million
Yen (up 2.7%) compared with the end of the previous fiscal year. This was mainly due to a 1,307 million Yen increase inretained earnings as a result of recording 2,239 million Yen in net profit attributable to owners of parent and dividend paymentsof 931 million Yen.

(3) Explanation of Consolidated Financial Results Forecasts and Other Forward-Looking Information
There is no change to the consolidated financial results forecasts for the first six months ending September 30, 2024 and thefiscal year ending March 31, 2025, that were stated in the Consolidated Financial Results for the Fiscal Year Ended March 31,
2024, released on May 10, 2024.
- 2 -2.

Quarterly Consolidated Financial Statements and Significant Notes Thereto(1) Quarterly Consolidated Balance Sheet(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims - operating
Securities
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, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Customer-related assets
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 3 -As of June 30, 2024

16,642,563
10,788,891
4,333,862
4,948,457
4,719,951
6,962,062
7,660,781
1,003,625(5,865)57,054,330

15,086,499
10,727,859
4,510,177
6,279,180
4,568,032
6,978,112
8,625,123
851,624(5,814)57,620,794

11,369,119
365,855
4,839,970
103,669
1,643,694
18,322,309

11,400,738
372,462
4,902,582
58,534
1,557,578
18,291,895

357,441
703,362
729,880
1,790,684

326,932
675,520
1,070,382
2,072,835

7,796,455
2,156,416
1,473,901(2,600)11,424,172
31,537,166
88,591,497

8,048,749
2,181,485
1,481,137(2,600)11,708,773
32,073,504
89,694,299

(Thousands 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
Provision for bonuses
Provision for product warranties
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 4 -As of June 30, 2024

4,718,162
816,514995,000
1,646,861
1,053,459
99,234
20,575
3,071,987
12,421,794

3,151,354
645,458
1,235,000
1,274,778
575,988
136,417
25,5194,718,244
11,762,761

850,580
11,6952,853,777
3,716,053
16,137,847

763,520
11,6952,719,522
3,494,738
15,257,500

2,565,500
1,115,360
63,142,804(221,541)
66,602,123

2,565,500
1,120,764
64,450,485(221,541)
67,915,208

3,729,980
2,121,546
5,851,527
72,453,650
88,591,497

3,894,752
2,626,837
6,521,590
74,436,798
89,694,299

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement ofComprehensive IncomeQuarterly Consolidated Statement of Income
First three months(Thousands 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
Interest income
Dividend income
Foreign exchange gains
Insurance claim and dividend income
Gain on valuation of securities
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of non-current assets
Loss on sale of securities
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Extraordinary incomeGain on sale of non-current assets
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
Net profit
Net profit attributable to owners of parent- 5 -Three months ended
June 30, 2024

11,490,772
5,557,851
5,932,920
2,874,736
3,058,184

11,243,418
5,231,789
6,011,628
3,338,136
2,673,491

21,10968,485
322,744
21,94280,531
16,583531,396

14,383
83,144431,422–7,432
28,916565,300

10,018918,79324
28,8453,560,735

11,230950
284
9312,5583,226,233

5,550
5,550

–
–

5,655
5,655
3,560,631
873,360
153,622
1,026,982
2,533,648
2,533,648––
3,226,233
1,115,790(128,727)
987,0622,239,171
2,239,171

Quarterly Consolidated Statement of Comprehensive Income
First three months(Thousands of yen)Three months ended
June 30, 2023
Net profit
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income(attributable to)Comprehensive income attributable to owners of parent- 6 -Three months ended
June 30, 2024

2,533,648

2,239,171

715,807
138,480
854,287
3,387,936

164,772
505,290670,0632,909,234

3,387,936

2,909,234

(3) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumptions)Not applicable.

(Notes When There are Significant Changes in Amounts of Shareholders’ Equity)
Not applicable.

(Notes on Changes in Accounting Policies)(Application of the “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 of 2022”) and other relevant ASBJ
regulations from the beginning of the first quarter of the fiscal year under review.
Revisions to categories for recording current income taxes (taxation on other comprehensive income) conform to thetransitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard of 2022 and to thetransitional treatment in the proviso of paragraph 65-2 (2) of the Implementation Guidance on Tax Effect Accounting(ASBJ Guidance No. 28, October 28, 2022; the “Revised Implementation Guidance of 2022”). This change inaccounting policy does not have an impact on the quarterly consolidated financial statements.
In addition, for revisions related to the review of treatment in consolidated financial statements when gain or loss on
sales arising from sale of shares of subsidiaries, etc. among consolidated subsidiaries is deferred for tax purposes, theCompany has applied the Revised Implementation Guidance 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, in principle. Therefore, the new accounting policy
was reflected in the consolidated financial statements for the first quarter of the previous fiscal year and for the previous
fiscal year. This change in accounting policy does not have an impact on the consolidated financial statements for thefirst quarter of the previous fiscal year and for the previous fiscal year.

(Notes on Quarterly Consolidated Statement of Cash Flows)
Quarterly consolidated statement of cash flows for the three months ended June 30, 2024 is not prepared. Depreciation(including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the threemonths ended June 30, 2023 and 2024 are as follows.
Three months ended
June 30, 2023
(from April 1, 2023 to June 30,2023)

Three months ended
June 30, 2024
(from April 1, 2024 to June 30,2024)

Depreciation

432,854 thousand Yen

477,045 thousand Yen

Amortization of goodwill

44,432

48,891(Notes on Segment Information, Etc.)[Segment information]
Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
As the Group engages in a single segment of the manufacture and sale of various types of industrial measurement
devices and their related businesses, the description is omitted.
Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
As the Group engages in a single segment of the manufacture and sale of various types of industrial measurement
devices and their related businesses, the description is omitted.

- 7 -