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, 2022
(Based on Japanese GAAP)
February 13, 2023
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:
February 13, 2023
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, 2022 (from April 1, 2022 to December 31, 2022)(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, 2022
13,58418.7
862 (23.1)
866 (22.6)
521 (15.9)
Nine months ended December 31, 2021
11,440
3.4
1,121
17.1
1,119
16.6
619 (10.2)

Earnings per share

Diluted earnings per share

Yen
56.13
65.38

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen
55.64
64.55

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

Net assets

Millions of yen
9,613
8,841

Equity ratio

Millions of yen
6,757
6,575%
69.7
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)
78.28（Note）Revisions to the earnings forecasts announced most recently: No14. Notes(1) Changes in significant subsidiaries during the Nine months ended December 31, 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 December 31, 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 December 31, 2022

710,507 shares As of March 31, 2022

715,126 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

9,287,667 shares Nine months ended December 31, 2021

2

9,478,290 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
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
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 December 31, 2022

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

4,409,956
2,506,793
540,618－
7,457,368

328,233－
79,041
407,274

399,331
72,36388,278559,973

780,712
218,095
998,807

701,396
253,791
955,188

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

140,672
499,881
640,553
2,155,715
9,613,083

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

1,859,792
129,414
381,344
45,53019,530272,983
2,708,594

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

29,173
103,542
14,206146,921
2,855,516

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

30,0001,239,119
5,768,401(346,917)
6,690,603

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

6,571
6,571
60,391
6,757,567
9,613,083

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)
Nine months ended
December 31, 2021
11,440,120
7,909,909
3,530,211
2,408,833
1,121,377

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
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
Surrender value of insurance policies
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)
Nine months ended
December 31, 2022
13,584,624
9,530,318
4,054,305
3,191,412
862,893

35
－
855
－
177
1,068

39
1,374
855
320
2,145
4,735

339
724
1,557
166
0
2,789
1,119,657

24
724
－
－
17
766
866,862

1,537
60,433
61,971

227－
227

125,289384
17
125,691
1,055,936
420,091
16,123436,215
619,720
619,720

－
3,796
－
3,796
863,293329,720
12,269341,990
521,302521,302

OtherConsolidated statements of comprehensive income (cumulative)
Nine months ended
December 31, 2021
619,720

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, 2022
521,302749
749
620,470

4,628
4,628
525,931620,470

525,931