Summary
Revenue grow but earnings decline in Q1
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Both new housing and non-housing starts shrunk and the number ofapplications for our core business decreased.
In Building Confirmation and Inspection and its related services, bothrevenue and earnings decreased due to a slow down of application of
Building Confirmation.
In Housing Performance Evaluation and its related services, both revenue
and earnings increased largely due to a growth of residential complex
construction.
In Solution services, revenue increased by M&As during the previous fiscal
year, but earnings decreased because it will be posted in second half.
In Others, both revenue and earnings increased due to a steady growth ofenergy-saving related services.
Due to the construction-consulting service growth, a gap between posting ofsales and earnings stretched. That is the major factor of the earnings declineof Q1. All in all, however, business has been on track in Q1 .

Consolidated financial results
1Q Previous
fiscal year

1Q Reporting
fiscal year

(Jun. 2022–Aug. 2022)(Jun. 2023–Aug. 2023)

Net Sales

4,063

4,2001373.4％

Operating Profit474391▲82▲17.5％

11.7％

9.3％

--482406▲76▲15.8％

Ordinary Profit Ratio

11.9％

9.7％

--Profit Attributable toOwners of Parent

276241▲35▲12.8％

Profit per Share (Yen)

35.30

31.24

▲4.06

▲11.5％(Millions of yen)

Operating Profit Ratio
Ordinary Profit

ChangeAmounts

Ratio

Consolidated financial results by segment(Millions of yen)

1Q Previous 1Q Reporting
fiscal year
fiscal year

ChangeSegment
ProfitChange(Jun. 2022 –Aug. 2022)(Jun. 2023–Aug. 2023)

Amounts

Building Confirmation
and Inspection and its
related services

2,228[54.8%]

2,141[51.0%]

▲86

▲3.9％

214

▲73

Housing Performance
Evaluation and its
related services

883[21.7%]

930[22.1%]

475.3％

1227

Solution Services

371[9.1%]

447[10.7%]

76

20.5％

▲94

▲117

Others579[14.3%]

680[16.2%]

10017.4％

165

100

Net Sales Total

4,063[100.0%]4,200[100.0%]

137

3.4％

408

▲82Ratio

Main operating figures | Consolidated
1Q Previous
fiscal year

Segment

Business(Jun. 2022 – Aug.
2022)

Cases
Building
Confirmation
andInspection
and its
relatedservices

Housing
Performance
Evaluationand its
relatedservicesAmounts

1Q Reporting
fiscal year

(Jun. 2023 – Aug.
2023)

(Millions ofYen)

Cases

Amounts(Millions ofYen)

ChangeCases

Amounts(Millions ofYen)

Building Confirmations

20,526

1,016

19,091903▲1,435▲112

Final Inspections

16,999739

17,310

762

311

23

Detached
Houses

9,593

311

8,991

306

▲602

▲4

Collective
Houses

6,738

94

9,834

113

3,096

18

Detached
Houses

6,427

352

6,609

351

182

▲1Collective
Houses

3,162

67

4,051

10388936

Technical Assessments forLong-life Quality Housings*1,419

54

1,308

56

▲111

1

Housing Design
Performance
Evaluations
HousingConstruction
Performance
Evaluations* “Technical Assessments for Long-life Quality Housings” represents the cases and amounts of “conformance certificate”, which include the cases and amounts of extension and renovation.

Main operating figures | Consolidated
1Q Previous
fiscal year

Segment

Business(Jun. 2022 – Aug.
2022)

Cases
Evaluation for Building EnergyStandards(Millions ofYen)(Jun. 2023 – Aug.
2023)

Cases

Amounts(Millions ofYen)

ChangeCases

Amounts(Millions ofYen)

1,543(1,087)175

1,377(930)156▲166(▲157)▲18Housings

8,328

112

18,399204 10,071

92

Nonhousings

70126314▲72

Inspections for Housing DefectLiability Insurance*6,751

866,29681▲455▲5(incl. 300 ～ 2,000 sqm)

OthersAmounts

1Q Reporting
fiscal year

BELSCertifications* Counting rules of “Inspections for Housing Defect Liability Insurance” are as follows. 1) Include Defect Insurance but exclude inspection for insurance firm and Housing Performance Certification, 2) Include
insurance brokerage, and 3) Include the data of all housing defect liability insurance companies.Changes of quarterly results | Consolidated

Forecasts for FY 5/2024
ChangeFY 5/2023

FY 5/2024(Jun. 2022 –May. 2023)(Jun. 2023 –May. 2024)

Net Sales

17,41018,500

1,089

6.3％

Operating Profit

2,326

2,400

73

3.2％

Operating Profit Ratio

13.4％

13.0％

--

Ordinary Profit

2,340

2,400

59

2.6％

Ordinary Profit Ratio

13.4％

13.0％

--Profit Attributable to
Owners of Parent

1,533

1,540

60.4％

Profit per Share (Yen)

197.80199.641.84

0.9％(Millions of yen)AmountsRatio

Topics“Guideline of Energy Saving Labeling System”
is published by MLIT, Sep. 25, 2023
Major property portal website operators start to upload “Energy Saving Labeling”
on their portal-site
Label for housings

Label for non-housingsｚ
As of Sep. 2023

As of Sep. 2023

Labeling design of third party’s evaluation - BELS -（from Apr. 2024）
Source : MLIT, “Guidance Energy saving labeling system for sale/lease operators,” the 1 st edition Sep. 2023

Contact
ERI Holdings Co., Ltd.
Investor Relations and Public Relations Group
E－Mail ｜ info@h-eri.co.jp
https://www.h-eri.co.jp/
This release contains forward-looking statements
about ERI Holdings Co., Ltd.’s future plans,strategies, beliefs and performance that are nothistorical facts. Such statements are based on thecompany’s assumptions and risks, uncertainties andassumptions that, without limitation, relate toeconomic conditions. Accordingly, ERI Holdings Co.,
Ltd. wishes to caution readers that actual results
may differ materially from those projected in thisrelease and ERI Holdings Co., Ltd. bear noresponsibility for any negative impact caused by theuse of this release.