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, 2022
(Based on Japanese GAAP)
August 10, 2022
Company name:
COPRO-HOLDINGS. Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
7059
URL https://www.copro-h.co.jp/
Representative:
Chief Executive OfficeKosuke Kiyokawa
Inquiries:
Managing DirectorMasahiko Saito
Scheduled date to file Quarterly Securities Report:
August 10, 2022
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 three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2022
4,249
19.5
230 (17.0)
230 (16.8)
135 (12.4)
Three months ended June 30, 2021
3,555 (1.4)
277
40.0
277
39.8
154 (18.4)
Earnings per share

Diluted earnings per share

Yen
14.54
16.12

Three months ended June 30, 2022
Three months ended June 30, 2021

Yen
14.41
15.91

(2) Consolidated financial position
Total assets
As of June 30, 2022
As of March 31, 2022

Net assetsMillions of yen
8,829
8,841

Equity ratio

Millions of yen
6,443
6,575%
72.4
74.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
10.00

Yen–

Yen
30.00

Yen
40.00

10.00

–

30.00

40.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changesProfit 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
Six months ending
8,144
10.0
289 (54.3)
290 (54.0)
158 (51.9)
17.02
September 30, 2022
Full year
17,85414.5
1,024 (36.8)
1,024 (36.8)
604 (37.3)
65.05

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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, 2022

10,000,000 shares As of March 31, 2022

10,000,000 shares

Number of treasury shares at the end of the period
As of June 30, 2022

715,126 shares As of March 31, 2022

715,126 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

9,284,874 shares Three months ended June 30, 2021

29,557,334 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Other
Allowance for doubtful accounts
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
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, 2022

4,058,265
2,226,864
463,806(475)
6,748,461

3,732,912
2,368,171584,697－6,685,781

328,233
79,041
407,274

387,854
104,506
492,360

780,712
218,095
998,807754,273
215,247
969,520

138,735
548,039686,775
2,092,858
8,841,319

140,771541,052
681,823
2,143,704
8,829,485

1,328,319
375,271
237,927
51,64923,300149,071
2,165,539

1,557,257
58,354
356,555
61,17836,850188,4312,258,628

24,30674,9301,379
100,615
2,266,154

27,74384,362
15,439127,5442,386,173

30,0001,237,532
5,618,539(349,151)
6,536,921

30,0001,237,532
5,474,999(349,151)
6,393,380

1,943
1,943
36,2996,575,164
8,841,319

3,316
3,316
46,615
6,443,312
8,829,485

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)
Three months ended
June 30, 2021
3,555,317
2,491,640
1,063,676
786,126
277,550

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Rental income
Gain on forfeiture of unclaimed dividends
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Depreciation
Other
Total non-operating expenses
Ordinary profit
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)Three months ended
June 30, 2022
4,249,084
2,972,998
1,276,086
1,045,675
230,410

285－
21306

285
274
104
663

104
82
187
54
428
277,427

13－
18754255
230,81900
277,427
111,882
11,505
123,388
154,039
154,039－－
230,819
83,24912,564
95,813135,005
135,005

Consolidated statements of comprehensive income (cumulative)
Three months ended
June 30, 2021
154,039

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, 2022
135,005

643
643
154,683

1,372
1,372
136,378

154,683

136,378