Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Non-consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]
February 06, 2023
Company name: Meiho Facility Works Ltd.
Stock exchange listing: Tokyo
Code number: 1717
URL: https://www.meiho.co.jp/
Representative: Yoshi Onuki
President and Representative Director
Contact: Kazuo Oshima
Executive Director General Manager of Corporate Planning Division
Phone: 03-5211-0066
Scheduled date of filing quarterly securities report: February 07, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Non-consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 01, 2022 to December 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)Net sales
Nine months ended
December 31, 2022
December 31, 2021

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen%

3,435
3,058

12.3
5.6

730
533

36.9
1.6

732
535

36.8
1.8

507
371

36.7
4.7

Basic earnings
per share
Nine months ended
December 31, 2022
December 31, 2021

Diluted earnings pershare
Yen

Yen

44.08
32.49

43.81
32.13

(2) Non-consolidated Financial Position
Total assets
Million yen
As ofDecember 31, 2022
5,982
March 31, 2022
5,718
(Reference) Equity: As of December 31, 2022:
As of March 31, 2022:

Net assets

Capital adequacy ratio

Million yen¥
¥

4,479
4,283
4,463 million
4,270 million

%

74.6
74.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

0.00

-

28.00

28.00

Fiscal year ending March 31, 2023

-

0.00

31.50

31.50

Year-end

Fiscal year ending March 31, 2023
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

TotalYes

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share%

Million yen%

Million yen%

Yen

Full year
4,550
6.89206.3(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

920

6.3636

5.0

55.26

Yes

* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:

Yes(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2022:
12,775,900 shares
March 31, 2022:
12,775,900 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
1,247,303 shares
March 31, 2022:
1,281,903 shares
3) Average number of shares during the period:
Nine months ended December 31, 2022:
Nine months ended December 31, 2021:

11,515,764 shares
11,427,641 shares(Note)We have introduced a stock benefit trust for employees (J-ESOP). Since the shares owned by the trust are shown as treasury
stock, they are included in the treasury stock in the calculation of the average number of shares during the period.
*This Financial Results is not subject to audit procedures.

Meiho Facility Works Ltd.(1717)
Non-consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]

Quarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousand yen)
As of March 31,2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsWork in process
OtherTotal current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for loss on project contracts
Provision for share awards
OtherTotal current liabilities
Non-current liabilities
Long-term accounts payable - other
Provision for retirement benefits
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Share acquisition rights
Total net assets
Total liabilities and net assets

As of December 31,2022

1,935,404

1,533,096

2,760,947

3,267,702

8,149
75,8934,780,394

18,908
98,1004,917,808

90,704
8,724
839,101
938,530
5,718,924

86,29130,585
947,762
1,064,639
5,982,447

26,553
108,182
276,259
3,986
335,293
750,275

21,097116,145
256,085
1,828
15,445374,921785,523

198,092
486,830
684,922
1,435,197

198,092
519,539
717,632
1,503,155

543,404
666,245
3,746,630(685,801)
4,270,479
13,2484,283,727
5,718,924

543,404
673,027
3,917,340(670,128)
4,463,644
15,6484,479,2925,982,447

Meiho Facility Works Ltd.(1717)
Non-consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the nine months)(Thousand yen)
For the nine months
ended December 31,2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Gain on forfeiture of unclaimed dividends
Gain on reversal of subscription rights to shares
Administrative service fee income
OtherTotal non-operating income
Non-operating expenses
Loss on retirement of non-current assets
Foreign exchange losses
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes
Profit

For the nine months
ended December 31,2022

3,058,560
1,468,037
1,590,522
1,056,671
533,851

3,435,332
1,583,674
1,851,658
1,120,736
730,921

1589
873
451
140
2,058

2
850
476
104
1,433

579
579
535,330
535,330
164,008371,321150
16732,338
732,338
224,685
507,653