May 8, 2024

Consolidated Financial Summary
for the Fiscal Year Ended March 31, 2024
〔Japanese GAAP〕
Note: Figures smaller than one million yen are rounded down.

Listed Company Name:
Securities Traded:
Code Number:
URL:
Representative:
Contact:
Telephone:

UNITED ARROWS LTD.
First Section of the Tokyo Stock Exchange
7606
http://www.united-arrows.co.jp/en/
Yoshinori Matsuzaki, Representative Director, President and CEO
Takeo Nakazawa, Executive Officer and CFO+81-3-5785-6325

Scheduled Date of Shareholder’s Meeting
Scheduled Date of Dividend Payment:
Scheduled Date of Reporting Date:
Supplementary materials for the financial results:
Holding of presentation of financial results:

June 26, 2024
June 27, 2024
June 27, 2024
Yes
Yes (for institutional investors and analysts)

1. Consolidated Business Results for the Fiscal Year Ended March 31, 2024
(April 1, 2023 to March 31, 2024)(1) Consolidated Business Performance(% indicates increase / decrease YoY)

Total Sales
Fiscal 2024

¥ million
134,269
130,135

Fiscal 2023
(Note) Comprehensive income:

%3.2
9.9

Operating Profit

Ordinary Profit¥ million
6,740
6,362

¥ million
7,486
6,900%
8.5
144.1¥ million
4,876
4,341%
12.3492.6

As of March 31, 2024: ¥4,766million [11.2%]
As of March 31, 2023: ¥4,287million [596.8%]

Net Income perShareNet Income per Shareafter Adjusting for
Dilutive Effectsyen
175.43152.37yen－－

Fiscal 2024

%
5.9
278.0

Net Income attributableto owners of parent

Net Income /Net Worth

Ordinary Profit /Total Assets

Operating Profit /Total Sales

%
12.3
11.4%
5.0
4.9%
14.2
13.6

Fiscal 2023
(Reference) Equity in net income (losses) of affiliated companies:As of March 31, 2024: ¥519million
As of March 31, 2023: ¥348million(Note) There are no dilutive shares.

(2) Consolidated Financial Conditions
Total Assets

Net Assets¥ million
60,204
61,184As of March 31, 2024
As of March 31, 2023
(Reference) Shareholders’ equity:¥ million
35,03033,702As of March 31, 2024: ¥35,030million

Equity Ratio

%
58.2
55.1

Per-share net worth¥
1,269.38
1,182.72

As of March 31, 2023: ¥33,702million(3) Consolidated Cash Flows
Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Cash and Cash
Equivalents at the Endof Year

Fiscal 2024

¥ million
6,341¥ million(2,656)¥ million(5,773)¥ million
6,486

Fiscal 2023

10,258(1,255)(5,979)8,562

1

2. Conditions of Dividend Payment
Cash dividends per share

Dividend
Payment(Annual)

Dividend
Payout Ratio(Consolidated)

Dividend toNet Assets(Consolidated)

1Q End2Q End3Q EndYearEndyenyenyen

yenyen¥ million%%

Fiscal 2023

－

12.00

－

35.00

47.00

1,339

30.8

4.0

Fiscal 2024

－

17.00

－

38.00

55.00

1,525

31.4

4.3

Fiscal 2025
(Forecast)－17.00

－

38.00

55.00

Annual36.6

3. Projected Consolidated Performance of the Fiscal Year Ending March 2025
(From April 1, 2024 to March 31, 2025)(% indicates increase / decrease YoY)

Total Sales

Full Fiscal Year¥ million
150,000%
11.7

Operating Profit¥ million
7,300

Ordinary Profit%
8.3¥ million
7,985%
6.7

Net Income
attributable toowners of parent¥ million
4,145

Net Income
per share%(15.0)

yen
150.204. Others(1) Changes in Significant Subsidiaries during the Fiscal Year: None
(Changes in special subsidiaries that caused a change in scope of consolidation)(2) Changes in Accounting Principles, Procedures, Methods of Presentation and Other Items
1. Changes due to revision of accounting standards: None
2. Changes other than 1: None
3. Changes in accounting estimates: None
4. Restatement of prior period financial statements after error corrections: None
(3) Number of Stocks Issued (Common Stocks)
1. Number of stocks issued at term end (including treasury stock)
As of March 31, 2024: 30,213,676 stocks
As of March 31, 2023: 30,213,676 stocks
2. Number of treasury stock
As of March 31, 2024: 2,617,586 stocks

As of March 31, 2023: 1,718,392 stocks

3. Average number of stocks issued and outstanding for the period
Year ended March 31, 2024: 27,797,938 stocks
Year ended March 31, 2023: 28,495,301 stocks*The quarterly financial statements are not subject to quarterly reviews.
*Explanation regarding appropriate use of projected business performance
The above projection is based on information available at present. Please note in advance that potential risks and uncertainties
are included. The actual figures might differ from the figures stated above due to any possible factor.

2

Consolidated Financial Results(1) Consolidated Balance Sheet(millions of yen)
Fiscal 2023
(as of March 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise
Supplies
Accounts receivable-other
Other
Total current assets
Noncurrent assets
Tangible noncurrent assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures (net)
Machinery and equipment
Accumulated depreciation and impairment loss
Machinery and equipment (net)Land
Construction in progress
Other
Accumulated depreciation and impairment loss
Other (net)Total tangible noncurrent assets
Intangible noncurrent assets
Other
Total intangible noncurrent assets
Investments and other assets
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

Fiscal 2024
(as of March 31, 2024)

8,562
109
20,128511
11,398893
41,604

6,493
117
21,175510
11,164910
40,372

19,289(15,968)
3,320
1,364(687)
676
569
92
3,306(2,999)
307
4,966

19,179(15,675)
3,504
1,364(801)
563
569
10
3,356(2,989)
366
5,014

1,682
1,682

3,209
3,209

6,626
3,235
3,068

6,739
2,127
2,743
(2)
11,607
19,83160,204

12,93019,58061,1843

(millions of yen)
Fiscal 2023
(as of March 31, 2023)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Trade accounts payable
Income taxes payable
Provision for bonuses
Provision for bonuses for directors
Provision for loss on store closings
Provision for share awards
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities
Asset retirement obligations
Provision for share awards
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4Fiscal 2024
(as of March 31, 2024)

9,7292,504
4,266
1,303
2,017
48
136
237
3,207
23,451

10,590
202
4,348
702
1,123
23
2
32
3,971
20,997

4,002
27
4,030
27,482

4,112
40
24
4,177
25,1743,030
4,444
31,429(5,006)33,897

3,030
4,538
34,837(7,069)35,336(195)(195)
33,702
61,184(306)(306)
35,03060,204

(2) Statements of Consolidated Income and Comprehensive Income
Statements of Consolidated Income(millions of yen)
Fiscal 2023
(April 1, 2022 toMarch 31, 2023)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income of insurance
Foreign exchange gains
Rent income
Purchase discounts
Commission income
Subsidy income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rent expenses
Settlement payments
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
Provision for loss on store closings
OtherTotal extraordinary loss
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Net income attributable to owners of parent

5

Fiscal 2024
(April 1, 2023 toMarch 31, 2024)

130,135
62,956
67,17860,816
6,362

134,269
64,807
69,46262,722
6,740

0
24
10
13
55
7
8
348
117
585

0
30
128
13
8
3
519
128
833

13
12
20
46
6,900

8
12
27
38
86
7,486

0
0

0
0

36
164
136
15
352
6,548
1,300
905
2,206
4,341
4,341

86
228
16
331
7,155
1,170
1,108
2,278
4,876
4,876Statements of Consolidated Comprehensive Income(millions of yen)
Fiscal 2023
(April 1, 2022 toMarch 31, 2023)
Net income
Other comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent company
Non-controlling interests

Fiscal 2024
(April 1, 2023 toMarch 31, 2024)

4,341

4,876

(54)
(54)
4,287

(110)
(110)
4,766

4,287

4,766
--6

(3) Consolidated Cash Flows(millions of yen)
Fiscal 2023
(April 1, 2022 toMarch 31, 2023)
Cash flows from operating activities
Income before income taxes
Depreciation
Depreciation of intangible assets
Amortization of long-term prepaid expenses
Impairment loss
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Subsidy income
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in other current liabilitiesShare of loss (gain) of entities accounted for using equity
methodOtherSubtotal
Interest and dividends received
Interest expenses paid
Subsidies received
Income taxes paid
Net cash provided by operating activities
Cash flows from investment activities
Purchase of property, plant and equipment
Payments for asset retirement obligations
Purchase of intangible assets
Purchase of long-term prepaid expenses
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Proceeds from sale of investments in capital of subsidiaries
OtherNet cash provided by investment activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Purchase of treasury shares
Dividends paid
OtherNet cash provided by financing activities
Effect of exchange rate change on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of term
Cash and cash equivalents at end of term

7

Fiscal 2024
(April 1, 2023 toMarch 31, 2024)

6,548
874
374
624
164
1,216
48
(1)
(0)
13(8)
(825)
(92)
(285)
870
1,294

7,155
919
441
693
228(893)(25)2(0)
8(940)(1,030)
(51)
968
658

(348)

(519)

119
10,588348(13)
8(673)
10,258

(38)
7,577
519
(8)
(1,747)
6,341

(392)
(188)
(768)
(1,431)
(116)
539
1,102
0
(1,255)(1,084)(294)(1,994)
(386)
(548)
438
1,212
0
(2,656)(5,296)(0)(683)(5,979)
(54)
2,969
5,593
8,562

(2,302)(2,000)(1,467)(4)(5,773)13(2,076)8,562
6,486