Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
July 26, 2024
Company name: HIGASHI TWENTY ONE CO.,LTD.
Listing: Tokyo
Securities code: 9029
URL: https://www.e-higashi.co.jp/
Representative: Kazuhiro Kojima
Inquiries:
Munekatsu Taguchi
Telephone: +81-6-6945-5611
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None

Director, Representative Executive Officer, President & CEODirector, Managing Executive Officer(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(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%Three months ended
June 30, 2024
11,04012.3
536(8.8)567(10.7)
302(18.3)
June 30, 2023
9,832
22.1
588
25.2
635
25.8
370
15.3
(Note) Comprehensive income:Three months ended June 30, 2024:¥
294 million [(29.6) %]Three months ended June 30, 2023:¥
418 million [34.1%]
Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

22.96
28.23

-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024(Reference) Equity:

Millions of yen

Net assets

28,00825,535
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio

Millions of yen¥¥

12,132
12,311
12,132 million
12,311 million

%

43.3
48.2

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-0.00

-

36.00

36.00

Fiscal year ending March 31, 2025

0.00

-

38.00

38.00

Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotal

None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

Six months ending
20,580
5.4
1,220
7.8
September 30, 2024
Full year
42,5004.6
2,45011.9(Note) Revision to the financial results forecast announced most recently:% Millions of yen%Yen

1,260

4.47906.4

59.76

2,600
None

12.6

1,640

8.8

124.05* Notes:(1) Significant changes in the scope of consolidation during the period:
Yes
Newly included:1(Company name: NEOCOMPETENCE CO.,LTD.

)(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

Yes

None

(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
13,264,000 shares
March 31, 2024:
13,264,000 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
89,525 shares
March 31, 2024:
89,525 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

13,174,475 shares
13,121,075 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available
to the Company and on certain assumptions deemed to be reasonable. Any statements herein do not constitute assurances regarding
actual results by the Company.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Trade accounts receivable and contract assets
Merchandise
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of June 30, 2024

4,062,459
410,6096,316,940
388,027
567,302(7,754)
11,737,584

4,578,329
427,094
5,451,485
356,738
661,033(9,849)11,464,832

2,144,322
1,528,732
3,944,721
1,514,417
9,132,194

2,749,084
1,624,888
3,944,721
2,628,398
10,947,093

421,341
182,128
603,470

1,116,534
175,368
1,291,902

1,211,873
2,307,494
586,159(43,463)
4,062,063
13,797,728
25,535,312

1,261,923
2,318,274
767,953(43,463)4,304,687
16,543,683
28,008,515

(Thousands of yen)
As of March 31, 2024
Liabilities
Current liabilities
Trade accounts payable
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
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
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

As of June 30, 2024

3,251,747
2,030,000
499,052
533,103359,297
1,843,850
8,517,050

2,112,482
2,671,120
815,866
296,205
270,600
3,649,084
9,815,359

2,663,817
152,731
330,343
1,559,481
4,706,374
13,223,425

3,856,768
153,533
330,621
1,719,746
6,060,669
15,876,028

1,001,996
140,422
10,850,916(43,931)
11,949,403

1,001,996
140,422
10,679,166(43,931)
11,777,653

390,403

380,784(27,919)
362,484
12,311,887
25,535,312(25,950)
354,833
12,132,487
28,008,515

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Subsidy income
Surrender value of insurance policies
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the three months
ended June 30, 2024

9,832,422
7,857,798
1,974,624
1,386,393
588,230

11,040,440
8,946,236
2,094,203
1,557,473
536,72931
10,057
12,475
5,107
14,274
12,23654,1822412,362
11,3695,589
14,282
43,627

2,811
3,099
1,348
7,259
635,154

4,733
3,041
5,101
12,877567,480

635,154
264,713370,440
370,440388
388
567,091
264,560
302,531302,531

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30, 2024

370,440

302,53146,715
1,771
48,486418,927(9,619)1,968(7,650)294,880

418,927

294,880--