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 Six Months Ended September 30, 2022
(Based on Japanese GAAP)
November 14, 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 Office
Kosuke Kiyokawa
Inquiries:
Managing DirectorMasahiko Saito
Scheduled date to file Quarterly Securities Report:
November 14, 2022
Scheduled date to commence dividend payments:
December 9, 2022
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:
Yes

TEL

+81-52-589-3066(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the Six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changesProfit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended September 30, 2022
8,670
17.1
469 (25.7)
472 (25.2)
280 (14.6)
Six months ended September 30, 2021
7,402
1.8632
19.0
630
18.1
328 (18.9)

Earnings per share

Diluted earnings per share

Yen
30.20
34.38

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen
29.94
33.95(2) Consolidated financial position
Total assets
As of September 30, 2022
As of March 31, 2022

Net assets

Millions of yen
9,036
8,841

Equity ratio

Millions of yen
6,603
6,575%
72.5
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
10.00

Yen–

Yen
30.00

Yen
40.00

–

30.00

40.00

Year ending March 31, 2023(Forecast)（Note）Revisions to the dividend forecasts announced most recently: NoTotal

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 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
18,38017.9
1,204 (25.7)
1,206 (25.5)
727 (24.5)
78.29（Note）Revisions to the earnings forecasts announced most recently: Yes1

4. Notes(1) Changes in significant subsidiaries during the Six months ended September 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:

NoNo

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 September 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 September 30, 2022

710,468 shares As of March 31, 2022

715,126 shares

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

9,286,732 shares Six months ended September 30, 2021

29,550,965 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
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 March 31, 2022

As of September 30, 2022

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

3,979,145
2,451,940
453,056－
6,884,142

328,233
79,041
407,274

383,367
101,917
485,284

780,712
218,095
998,807727,834
209,943
937,778

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

165,613563,603729,216
2,152,279
9,036,421

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

1,562,544
179,504
289,238
99,93519,753
153,1932,304,171

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

28,86785,771
14,262
128,901
2,433,072

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

30,0001,239,119
5,620,439(346,876)
6,542,682

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

5,593
5,593
55,073
6,603,349
9,036,421

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)
Six months ended
September 30, 2021
7,402,022
5,168,273
2,233,748
1,601,213
632,535

Net sales
Cost of sales
Gross profit
Selling, general and administrative expensesOperating profit
Non-operating income
Interest income
Foreign exchange gains
Rental income
Gain on forfeiture of unclaimed dividends
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses on real estate
Foreign exchange losses
Guarantee commission
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on retirement of non-current assets
Other
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)Six months ended
September 30, 2022
8,670,178
6,086,756
2,583,421
2,113,458
469,962

28
－
570
－
326
925

29
849
570
274
907
2,630

270
483
1,555
166
0
2,476
630,983

19
483
－
－
16
519
472,073

1,521
1,521

－
－

50,4340
1750,452582,052
241,157
12,517
253,674
328,378
328,378

－
132
－
132
471,940
204,390(12,895)
191,495
280,445
280,445OtherConsolidated statements of comprehensive income (cumulative)
Six months ended
September 30, 2021
328,378

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)Six months ended
September 30, 2022
280,445

255
255
328,633

3,649
3,649
284,095

328,633

284,095

Consolidated statements of cash flows(Thousands of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Profit before income taxes
Depreciation

582,052
61,065471,940
73,553

Impairment loss
Amortization of goodwill

50,434
9,334－52,877

Share-based remuneration expenses
Increase (decrease) in allowance for doubtful accounts

20,54713

18,323(475)

Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability

5,255
875

48,2854,561Interest income
Interest expenses(28)
270(29)19

Gain on sales of non-current assets
Loss on retirement of non-current assets(1,521)0－132

Decrease (increase) in trade receivables
Decrease (increase) in other current assets(6,553)(64,899)(225,075)(113,418)

Increase (decrease) in accounts payable - otherIncrease (decrease) in other current liabilities

65,470(342,333)

213,332
56,172Other, net

1,498

9,481

Subtotal

381,483

609,681

Cash flows from operating activities

Interest and dividends received

28

29Interest paid
Income taxes paid

(271)
(178,656)(22)(271,549)

Net cash provided by (used in) operating activities

202,584

338,139(222,006)(84,752)(68,872)(15,194)(937,327)－Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of shares of subsidiaries resulting in change in scopeof consolidation
Other, net(137,718)(40,188)(1,365,925)(140,134)

Cash flows from financing activities
Repayments of long-term borrowings(3,999)－

Repayments of lease obligations
Redemption of bonds(10,510)(70,000)(1,726)－

Purchase of treasury shares
Proceeds from exercise of employee share options(119,287)
3,105

－451

Dividends paid

(262,172)(278,839)

Net cash provided by (used in) financing activities(462,865)(280,115)

255

3,284

Net increase (decrease) in cash and cash equivalents(1,625,951)(78,825)

Cash and cash equivalents at beginning of period

5,283,819

4,021,037

Cash and cash equivalents at end of period

3,657,868

3,942,211

Net cash provided by (used in) investing activities

Effect of exchange rate change on cash and cash equivalents

6