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.

Summary of Non-Consolidated Financial Results
for the Six Months Ended January 31, 2024
[Based on Japanese GAAP]
March 11, 2024
Company name: SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Code number: 9262
URL: https://www.silver-life.co.jp/
Representative: Takahisa Shimizu
President, CEOContact: Hirokazu Masuyama
Director, Administration ManagerPhone: (03)6300-5629
Scheduled date of filing quarterly securities report: March 11, 2024
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Six Months Ended January 31, 2024 (August 1, 2023 to January 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net salesSix months ended
January 31, 2024
January 31, 2023

Operating profit

Millions of yen% Millions of yen

6,710
6,015

11.6
10.4

490
417

Basic earnings
per share
Six months ended
January 31, 2024
January 31, 2023

Ordinary profit% Millions of yen

17.6
33.6

582
507

Net income% Millions of yen

14.9
32.8

Diluted earnings pershare
Yen

Yen

33.33
29.40

33.00
29.00

(2) Non-consolidated Financial Position
Total assets
As ofJanuary 31, 2024
July 31, 2023
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

9,476
9,562
As of January 31, 2024:
As of July 31, 2023:

Capital adequacy ratio¥¥―1―6,114
5,916
6,114 million
5,916 million

%

64.5
61.9

361
317

%

13.8
24.6

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended July 31, 2023

-

0.00

-

15.00

15.00

Fiscal year ending July 31, 2024

-

0.00
-

15.00

15.00

Fiscal year ending July 31, 2024
(Forecast)Year-end

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending July 31, 2024 :Commemorative dividend- yen
Special dividend- yen
3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2024(August 1, 2023 to July 31, 2024)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share
Millions of yen% Millions of yen% Millions of yen

Full year
13,1006.8760
13.4(Note) Revision to the financial results forecast announced most recently:

950% Millions of yen

10.7620%Yen

2.957.18

No* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:(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):
January 31, 2024:
10,842,800 shares
July 31, 2023:
10,842,800 shares
2) Number of treasury shares at the end of the period:
January 31, 2024:
422 shares
July 31, 2023:
422 shares
3) Average number of shares outstanding during the period:
Six months ended January 31, 2024:
Six months ended January 31, 2023:

10,842,378 shares
10,801,627 shares―2―NoQuarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets
As of July 31, 2023

(Thousands of yen)
As of January 31, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade

1,507,524
1,138,985

1,458,087
1,090,668

Merchandise and finished goods
Raw materials and supplies

420,316
45,642391,648
54,886

Other
Allowance for doubtful accounts

545,874(78,858)

578,349(101,387)

3,579,485

3,472,252

3,036,051

3,041,163

1,421,328
52,085

1,363,772
153,478

849,775

847,462

Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, net
Construction in progressOther, net

5,359,240

5,405,877

Intangible assets

Total property, plant and equipment

399,679

377,532

Investments and other assets
Other

238,371

235,212(14,278)(14,279)

Allowance for doubtful accounts
Total investments and other assets

224,092

220,932

5,983,012

6,004,343

9,562,497

9,476,596

Accounts payable - trade
Contract liabilities

591,357
8,681

541,0107,356

Lease liabilities
Accounts payable - other720
564,476720
431,326

Current portion of long-term borrowings
Income taxes payable

239,400
173,545

239,400
236,805Provision for shareholder benefit program
Other

57,923
116,677

24,532
119,424

1,752,782

1,600,576

1,712,050
2,042

1,592,350
1,681Long term contract liabilities
Other

12,927
166,500

8,670
158,417

Total non-current liabilities

1,893,520

1,761,119

Total liabilities
Net assets
Shareholders' equity

3,646,302

3,361,696

Share capital
Capital surplus

730,286
720,286

730,286
720,286

Retained earnings
Treasury shares

4,466,578(956)

4,665,283(956)

Total shareholders' equity
Total net assets
Total liabilities and net assets

5,916,194
5,916,194
9,562,497

6,114,899
6,114,899
9,476,596

Total non-current assets
Total assets
Liabilities
Current liabilities

Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities―3―

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the six months)(Thousands of yen)
For the six months
ended January 31, 2023

For the six months
ended January 31, 2024

Net sales
Cost of sales

6,015,308
4,194,233

6,710,884
4,515,990

Gross profit

1,821,075

2,194,893

Selling, general and administrative expenses

1,403,763

1,704,040

417,312490,853

Operating profit
Non-operating income
Interest income

6,483

5,849

Compensation income
Other81,141
24,36581,88029,428

Total non-operating income

111,990

117,157

Non-operating expenses
Interest expenses

2,354

2,071

Rental expenses
Bad debt expenses

9,146
1,630

11,992
3,351

Provision of allowance for doubtful accounts
Depreciation

2,360
5,718

3,465
2,838

Other
Total non-operating expenses
Ordinary profit
Extraordinary lossesLoss on retirement of non-current assets

827

1,411

22,03825,131

507,264

582,879

13

1,079

Other-

500

Total extraordinary losses

131,579

Profit before income taxes

507,251

581,300

Income taxes - current
Income taxes - deferred

186,8702,805

219,079879

Total income taxes

189,675

219,959

Profit317,575

361,340―4―

Quarterly Non-consolidated Statements of Cash Flows(Thousands of yen)
For the six months
ended January 31, 2023
Cash flows from operating activities
Profit before income taxes

For the six months
ended January 31, 2024

507,251

581,300

Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for shareholder
benefit program
Interest and dividend income

322,564
5,425

371,189
22,529(48,104)(33,390)(6,483)(5,849)Interest expenses
Loss on retirement of property, plant and equipment

2,354
132,071-

Decrease (increase) in trade receivables
Decrease (increase) in inventories

92,542(109,394)

48,317
19,424

Increase (decrease) in trade payables
Loss on retirement of intangible assets(69,761)-(50,346)
1,079

Increase (decrease) in accrued consumption taxes
Increase (decrease) in contract liabilities

32,210(6,096)(878)(5,582)Other, net(50,804)(91,031)

Subtotal

671,715

858,833

Interest and dividends received

6,483

5,849

Interest paid
Income taxes paid

(2,286)(46,627)(2,080)(157,751)

Net cash provided by (used in) operating activities

629,284

704,851

Purchase of property, plant and equipment
Purchase of intangible assets(197,819)(77,749)(429,502)(46,624)

Loan advances
Proceeds from collection of loans receivable

(630)
6,719

(660)
5,622

Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Other, net

(207)

(153)

13,205173

2,692(445)Net cash provided by (used in) investing activities(253,790)(471,591)(119,700)(36)(119,700)-(360)(162,635)(360)

Cash flows from investing activities

Cash flows from financing activities
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Repayments of lease liabilities
Other, net

3,241

-

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(116,855)(282,696)--

258,638(49,436)

Cash and cash equivalents at beginning of period

1,474,844

1,507,524

Cash and cash equivalents at end of period

1,733,483

1,458,087―5―