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 Three Months Ended June 30, 2023
[Japanese GAAP]
August 4, 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
Senior Managing Director General Manager of Corporate Planning Division
Phone: +81-3-5211-0066
Scheduled date of filing quarterly securities report: August 7, 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 Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Three months ended
June 30, 2023
June 30, 2022

Operating profit

Millions of yen% Millions of yen

997996

0.1
4.8

113
180

Basic earnings
per share
Three months ended
June 30, 2023
June 30, 2022

Ordinary profit% Millions of yen(37.1)
27.5

114
181

Net income% Millions of yen(36.9)
26.7

Diluted earnings pershare
Yen

Yen

6.89
10.97

6.85
10.91

(2) Non-consolidated Financial Position
Total assets
As ofJune 30, 2023
March 31, 2023
(Reference) Equity:

Millions of yen

Net assets

6,208
6,620
As of June 30, 2023:
As of March 31, 2023:

Capital adequacy ratio

Millions of yen¥
¥

4,323
4,624
4,310 million
4,607 million

%

69.4
69.6

79126%(37.0)
26.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

0.00

-

31.50

31.50

Fiscal year ending March 31, 2024

0.00

-

32.00

32.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotalNo

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net incomeper share
Millions of yen% Millions of yen% Millions of yen

Six months ending
2,158(0.8)
410 (11.4)
September 30, 2023
Full year
4,800
0.8
970
1.2(Note) Revision to the financial results forecast announced most recently:% Millions of yen%Yen

410(11.6)284(11.1)

24.62

970

1.0670

2.9

57.88

No

* 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):
June 30, 2023:
12,775,900 shares
March 31, 2023:
12,775,900 shares
2) Number of treasury shares at the end of the period:
June 30, 2023:
1,241,340 shares
March 31, 2023:
1,247,340 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2023:
Three months ended June 30, 2022:

11,531,050 shares
11,493,997 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 Three Months Ended June 30, 2023
[Japanese GAAP]

Quarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
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 assetsInvestments 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
Other
Total 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 June 30, 2023

1,598,566

2,206,698

3,720,252

2,690,224

9,390
144,099
5,472,308

19,534
134,449
5,050,906

84,14447,8091,016,543
1,148,497
6,620,805

79,63758,0881,019,551
1,157,276
6,208,183

28,720307,841
478,890269
30,527
416,821
1,263,071

24,83245,854585,93957
30,216443,642
1,130,542

198,092
535,629
733,722
1,996,793

198,092556,233
754,325
1,884,868

543,404
673,027
4,060,890(670,157)
4,607,164
16,8484,624,012
6,620,805

543,404
673,915
3,760,187(667,439)
4,310,067
13,2484,323,315
6,208,183

Meiho Facility Works Ltd.(1717)
Non-consolidated Financial Results
for the Three Months Ended June 30, 2023
[Japanese GAAP]

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2022
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
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes
Profit

For the three months
ended June 30, 2023

996,112466,058
530,053
349,317
180,736

997,358
510,302487,055
373,412
113,643

0850
158
1,009

0868
204
1,073

00
181,744
181,744
55,650126,09400
114,716
114,716
35,25979,456