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 Year Ended March 31, 2024
(Based on Japanese GAAP )May 14, 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 OfficerInquiries: Takashi Matsuda, Executive Officer, Manager of Corporate Planning Office
Scheduled date of ordinary general meeting of shareholders:June 21, 2024
Scheduled date to file Securities Report:
June 24, 2024
Scheduled date to commence dividend payments:
June 24, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:
Yes

TEL

+81-52-589-3066(Amounts less than one million yen are rounded down)
1.Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
Net salesYear ended March 31, 2024
Year ended March 31, 2023

Operating profit

Millions of yen
24,09818,791%
28.2
20.5

Millions of yen%
2,141 62.0
1,321 (18.5)

Earnings per share

Diluted earnings pershare

Yen

Yen

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen%
Millions of yen%
2,211
67.0
1,463
69.3
1,324 (18.2)
864 (10.2)

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassetss
sales
parent/equity%%%

Year ended March 31, 2024
77.68
74.3919.4
20.0
8.9
Year ended March 31, 2023
46.54
46.05
12.7
14.1
7.0
(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

Equity ratio

Net assets per share

Millions of yen%

Yen

As of March 31, 2024
12,1508,116
66.3
422.31
As of March 31, 2023
9,995
7,11270.4378.83(Note) On October 1, 2023, the Company conducted a two-for-one stock split of common stock. “Net assets per share” is calculated assumingthat the stock split was executed at the beginning of the previous consolidated accounting year.
(3)Consolidated cash flows
Cash flows fromoperating activities
Year ended March 31, 2024
Year ended March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

2,328
1,011

(321)
(291)

(464)(372)

5,912
4,369

1

2.Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end
YenYenYen

Total cash
Dividend payout
dividends (Total) ratio (Consolidated)

Total

Yen

Yen Millions of yen

Ratio of dividends
to net assets(Consolidated)%%Year ended March 31, 2023
–
10.00
–
40.00
50.00
464
53.7
6.8
Year ended March 31, 2024
–
30.00
–
35.00
–
951
64.4
12.5
Year ending March 31, 2025
–
20.00
–
40.00
60.00
65.2
(Forecast)（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)
Percentages indicate year-on-year changes
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Earnings per share

Millions of yen%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

35.37

30,000

24.5

2,700

26.1

2,714

22.7

1,755

19.9

91.97

Six months ending
September 30, 2024
Full year

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):
Excluded: 2 companies (Company name) VALUE ARK CONSULTING Co., Ltd.

Yes

COPRO GLOBALS PTE. LTD.
(2) 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:

NoNo

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

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

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 March 31, 2024

916,690 shares As of March 31, 2023

1,412,814 shares

Average number of shares during the period
Year ended March 31, 2024
18,840,418 shares Year ended March 31, 2023
18,576,432 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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
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

3As of March 31, 2023

As of March 31, 2024

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

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

453,952
129,687
583,639444,694
141,368
586,062

674,957
312,616
987,574

656,251
418,279
1,074,531

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

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

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

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

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

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

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

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

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

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

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
Fiscal year ended
March 31, 2023
18,791,365
13,216,160
5,575,205
4,253,467
1,321,738

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Rental income
Gain on forfeiture of unclaimed dividends
Subsidy income
Surrender value of insurance policies
Other
Total 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 sale of non-current assets
Gain on liquidation of affiliated companies
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)
Fiscal year ended
March 31, 2024
24,098,199
17,323,842
6,774,357
4,632,589
2,141,767

69
1,140
320
903
－
1,660
4,094

108
1,140
176
－
70,671
1,014
73,111

28
966
567
17
1,580
1,324,251

4
966
2,067
2
3,040
2,211,838

227
－
－
227－
884
325
1,210

5,459
5,459
1,319,019
475,004(20,580)
454,423
864,595
864,59500
2,213,048
730,616
18,970749,586
1,463,461
1,463,461

Consolidated statements of comprehensive income
Fiscal year ended
March 31, 2023
864,595

ProfitOther comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent5(Thousands of yen)
Fiscal year ended
March 31, 2024
1,463,461

3,398
3,398
867,994

(196)
(196)
1,463,265

867,994

1,463,265

Consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Thousands of yen)
Shareholders’ equity

Share capital

Balance at beginning of period

30,000CapitalsurplusRetainedearnings

Treasuryshares1,237,532

5,618,539(349,151)

Accumulated
othercomprehensi
ve income
ForeignTotal
currency
shareholders’translation
equityadjustment

6,536,921

1,943

Share
acquisitionrights36,299Total net
assets6,575,164

Changes during period
Dividends of surplus(371,441)(371,441)(371,441)

Profit attributable to owners ofparent

864,595

864,595

864,595

(40)

(40)

(40)

4,276

6,034

6,034

Purchase of treasury shares
Disposal of treasury shares

1,758

Change in scope ofconsolidation
Net changes in items other thanshareholders' equity－

Total changes during period
Balance at end of period

3,398

34,45937,858－1,758

493,1544,235

499,149

3,398

34,459537,007

30,0001,239,291

6,111,694(344,915)

7,036,070

5,342

70,758

7,112,171

Fiscal year ended March 31, 2024
(Thousands of yen)
Shareholders’ equity

Share capital

Balance at beginning of period

30,000CapitalsurplusRetainedearnings

Treasuryshares1,239,291

6,111,694(344,915)

Accumulated
othercomprehensi
ve income
ForeignTotal
currency
shareholders’translation
equityadjustment

7,036,070

5,342

Share
acquisitionrights70,758

Total net
assets7,112,171

Changes during period
Dividends of surplus(655,413)(655,413)(655,413)

Profit attributable to owners ofparent

1,463,461

1,463,461

1,463,461

(92)

(92)

(92)

121,169

207,837

207,837

2,100

2,100

Purchase of treasury shares
Disposal of treasury shares

86,667

Change in scope of
consolidationNet changes in items other thanshareholders' equity
Total changes during period
Balance at end of period

2,100

(196)

(13,576)(13,773)－

86,667810,148

121,076

1,017,893(196)(13,576)

1,004,119

30,0001,325,959

6,921,842(223,838)

8,053,963

5,145

57,1818,116,291

6

Consolidated statements of cash flows
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Surrender value of insurance policies
Share-based payment expenses
Gain on reversal of share acquisition rights
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest income
Interest expenses
Gain on sale of non-current assets
Loss on retirement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in other current assets
Increase (decrease) in accounts payable - other
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for asset retirement obligations
Purchase of intangible assets
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of lease obligations
Purchase of treasury shares
Proceeds from exercise of employee share options
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

7(Thousands of yen)
Fiscal year ended
March 31, 2024

1,319,019
147,511
105,754－
34,008－(475)
51,163
6,558
(69)
28
(227)
5,459
(673,052)(92,954)
323,456
280,970
20,196
1,527,347
68(28)(516,153)
1,011,233

2,213,048
187,686
109,539(70,671)
(228)
(325)
16,500(27,495)
4,136
(108)
4－
0
(625,071)
16,711
614,298352,225
9,466
2,799,715
82(4)(471,742)
2,328,050(217,084)
3,044－(71,448)(6,409)(291,898)(50,531)－(7,322)(366,846)
102,949(321,750)(2,892)(40)
2,624(371,877)(372,185)
1,628
348,777
4,021,037
4,369,815(1,306)(92)
191,481(654,893)(464,810)
739
1,542,228
4,369,815
5,912,043