Consolidated Financial Results for the Nine Months Ended December 31, 2023
(Under Japanese GAAP)
February 9, 2024
Company name:Securities code:

DKK Co., Ltd.
Listing: Tokyo Stock Exchange
6706
URL https://denkikogyo.co.jp/
President & Representative
Representative:(Title)(Name) Tadatoshi Kondo
Director
Managing Officer and Head of
Inquiries:(Title)(Name) Toshihisa Takayama Phone: +81-3-3216-1671
Finance Department
Scheduled date to file quarterly
Scheduled date to commence
February 14, 2024－
securities report:
dividend payments:
Preparation of supplementary material on quarterly financial results: No
Holding of briefing on quarterly financial results: No(Yen amounts are rounded down to millions)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results(Percentages indicate year-on-year changes.)
Net income attributable
Net sales
Operating income
Ordinary income
to shareholders of parent
company
Millions ofMillions ofMillions ofMillions of
％
％
％
％
yen
yen
yen
yen
Nine months ended
20,277(4.7)(1,440)(1,210)(1,841)－－－
December 31, 2023
Nine months ended
21,275(10.0)(1,159)
(826)
(609)
－
－
－
December 31, 2022
Note:
Nine months ended
Nine months ended
Comprehensive(770) million yen (-%)
(107) million yen (-%)
December 31, 2023
December 31, 2022
incomeNet income per share
Nine months ended
December 31, 2023
Nine months ended
December 31, 2022

Diluted net income per share
yen

yen

(183.63)－(54.99)－(2) Consolidated financial position
Total assets
Millions of yen

Net assets
Millions of yen

Equity ratio％

Nine months ended
49,90538,498December 31, 2023
Fiscal year ended
55,13441,801March 31, 2023
(Reference) Net asset excluding Nine months ended
Fiscal year ended
37,969 million yen
non-controlling interests
December 31, 2023
March 31, 2023

76.1
74.8
41,247 million yen

2. Dividends
Annual dividends
End of first quarter End of second quarter End of third quarter
Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024
Fiscal year ending
March 31, 2024
(forecast)End of fiscal year

Total

yen

yen

yen

yen

yen

－

30.00

－

30.00

60.00

－

30.00

－
30.00

60.00

Note: Revision to the most recently announced forecast for dividends: None

3. Forecast of consolidated operating results for the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(Percentages indicate year-on-year changes.)
Net sales

Full year

Millionsof yen30,500％(4.1)

Operating income

Ordinary income

Millionsof yen(1,500)Millionsof yen(1,300)％－Note: Revision to the most recently announced forecast of operating results: No％－

Net income
attributable toshareholders ofparent company
Millions％of yen(1,100)－Net income per
share
yen
(109.67)

*Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023 (changes in specific subsidiaries resulting
in changes in scope of consolidation): None
(Note) Although it doesn’t fall under the category of changes in specific subsidiaries, DKC Co., Ltd. (DKC) and Koshuha Co., Ltd. (Koshuha), which
had been consolidated subsidiaries of DKK Co. Ltd. (the Company) were removed from the scope of consolidation from the beginning of thefirst quarter of the current fiscal year. This was due to the fact that as a result of a merger where the Company was the surviving company, and
DKC and Koshuha were dissolved companies. In the second quarter of the current fiscal year, Cybercore Co., Ltd. was included in the scope of
consolidation because the Company acquired shares of Cybercore Co., Ltd. as of September 29, 2023. In addition, Cyber Core Vietnam Co.,
Ltd., a subsidiary of the company, was also included to the scope of consolidation.

(2) Application of accounting procedures particular to the
preparation of quarterly consolidated financial statements:

None(3) Changes in accounting policies and accounting estimates, and restatement(a) Changes in accounting policies due to revision of
accounting standards, etc.:
None(b) Changes in accounting policies other than (a):Yes(c) Changes in accounting estimates:
None(d) Restatement:
None
Note: For details, refer to “2. Quarterly consolidated financial statements and major notes, (3) Notes to quarterly
consolidated financial statements (Changes in accounting policies)” on page 8 of the attached document.
(4) Number of shares issued (common stock)(a) Shares issued (including treasury stock) at
the end of the period(b) Treasury stock at the end of the period(c) Average number of shares during the period(nine months)

Nine months ended
December 31, 2023
Nine months ended
December 31, 2023
Nine months ended
December 31, 2023

12,100,000 shares
2,419,723 shares
10,030,261 sharesFiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2023
Nine months ended
December 31, 2022

12,100,000 shares
1,638,476 shares
11,083,362 shares*This Quarterly Consolidated Financial Results report is not subject to quarterly review by certified public accountants or an auditing
firm.
*Explanation of appropriate use of earnings forecast, and other special notes
The forecast and other future projections in this report are based on information currently available to the Company and certain
assumptions the Company believes to be reasonable, and are not intended to be a promise by the Company that they will beachieved. Actual results may differ significantly due to various factors. Refer to "1. Qualitative information on quarterly financial
results, (3) Explanation of forecast of consolidated operating results and other future projections" on page 3 of the attachment for
the assumptions used in earnings forecast and notes on the use of earnings forecast.

Table of Contents of Attachment
1. Qualitative information on quarterly financial results .........................................................................................................

2(1) Explanation of operating results.....................................................................................................................................

2(2) Explanation of financial position ...................................................................................................................................

3(3) Explanation of forecast of consolidated operating results and other future projections .................................................

3(4) Management policies, management strategies, etc.........................................................................................................

3

2. Quarterly consolidated financial statements and major notes ..............................................................................................

4(1) Quarterly consolidated balance sheet .............................................................................................................................

4(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income .............

6

Quarterly consolidated statement of income ............................................................................................................
Nine months ended December 31 ........................................................................................................................

6

Quarterly consolidated statement of comprehensive income ...................................................................................
Nine months ended December 31 ........................................................................................................................

7(3) Notes to quarterly consolidated financial statements .....................................................................................................

8(Notes on going concern assumption)..........................................................................................................................

8(Notes in case of significant changes in shareholders’ equity).....................................................................................

8(Changes in accounting policies) .................................................................................................................................

8(Additional information)..............................................................................................................................................

8(Segment information, etc.) .........................................................................................................................................

9(Material subsequent events) .......................................................................................................................................

11

3. Supplementary information .................................................................................................................................................

12(1) Production, orders and sales...........................................................................................................................................

12

- 1 -

1. Qualitative information on quarterly financial results(1) Explanation of operating results
During the nine months ended December 31, 2023, the Japanese economy gradually recovered led by domestic demand as
behavioral restrictions imposed amid the COVID-19 pandemic was relaxed, but the pace of recovery in capital investments,
which had remained resilient backed by high levels of corporate earnings, has slowed, affected by such factors as a slowdown in
production activity.
In addition, as there were multiple risk factors, including commodity prices remaining elevated and soaring material prices
associated with the depreciation of the yen, on top of uncertainty about the overseas economy and some weakness inconsumption. As a result, the outlook remained unpredictable.
In the telecommunications-related industry, where our group is involved, demand for 5G facilities in the mobile communications
field has remained stagnant or put on hold since the previous fiscal period due to revision of capital investment plans bycustomers. Meanwhile, in the fixed wireless-related field, demand for administrative radio systems for disaster prevention isrecovering, supported by local governments’ moves to strengthen their disaster-prevention readiness, and in the broadcasting
field, demand for equipment renewal by broadcasters continued to be sluggish as moves to put demand on hold continued. The
applied high-frequency devices industry showed signs of recovery in demand for capital investment in the automotive-related
field, but this demand is yet to recover to pre-pandemic levels and the underlying tone remained moderate. In all fields ofbusiness, cost raising factors such as spikes in prices of energy and components, etc. as well as labor costs continued to have an
impact.
Given such circumstances, the Group posted orders received of 23,328 million yen, down 11.0% from a year earlier, and net
sales of 20,277 million yen, down 4.7% year on year, for the nine months ended December 31, 2023.
As for profits, the Group posted operating loss of 1,440 million yen (compared to operating loss of 1,159 million yen for the
year-earlier period), ordinary loss of 1,210 million yen (compared to ordinary loss of 826 million yen for the year-earlier period).
Net loss attributable to shareholders of parent company came to 1,841 million yen (compared to net loss attributable toshareholders of parent company of 609 million yen for the year-earlier period) due to impairment losses posted by overseas
subsidiary.
Results by segment are as follows. (Results of reportable segments, etc. include intersegment sales, etc.)(a) Telecommunication BusinessIn the mobile communications-related field, capital investment by mobile communication businesses remained limited overall,and demand for 5G capital investment was also stagnant or put on hold. In the fixed wireless-related field, an adverse orderreceiving environment remains, but demand for administrative radio systems for disaster prevention to improve and digitalize
disaster prevention system in local governments was recovering due to extension of periods for emergency disaster prevention
and reduction bonds. Defense-related demand remained resilient thanks to increased defense budgets. In the broadcasting-related
field, demand among broadcast operators for maintenance was increasing; however, demand for upgrading digital broadcasting
equipment remained on hold. In the solutions-related field, the Company is efficiently and arduously working to combine theimage AI technology and sensing AI technology of Cybercore Co., Ltd., which became the Company’s subsidiary on September
29, 2023, and the wireless communication technology and sensing technology centered on various cameras that the Company
has been cultivating to commercialize the solution business that utilizes the strengths of both companies. In other fields, theCompany was continuously securing demand for outdoor construction steel frames and surface treatment for steel structures, andactively pioneering demand for eco-friendly products such as LED airplane warning lights and fuel cells.
Under such environment, we aggressively worked in this business field to capture demand and improve productivity. However,factors such as delayed delivery of parts and soaring raw material costs remained.
As a result, orders received decreased 11.2% year on year to 16,055 million yen, and net sales decreased 14.1% year on year to
13,079 million yen. Segment loss (operating loss) came to 81 million yen (compared to segment income (operating income) of
105 million yen in the year-earlier period).
(b) Radio Frequency BusinessIn the mainstay high-frequency induction heating equipment business, demand from capital spending in the automotive industry
was on a recovery track, and the global semiconductor shortages and longer lead time for orders for components, etc. have been
gradually easing. In the field of contract heat treating service, demand is on a recovery trend, owing to the end of production
adjustment at automobile manufactures; however, the rise in costs due to soaring energy costs remained. In the new radio
frequency related field, we have been working on the sophistication of superheated steam technology and verification of theperipheral technologies in a bid to create demand for treatment of food and waste using superheated steam equipment, which led- 2 -us to win orders in the period under review. We aim to continue working to overcome challenges and accumulate data andexpertise through repeated demonstration experiments with various organizations and companies with which we had not worked
before and will promote efforts for pioneering new business domains.
Under such business environment, this business also experiences rising costs due to soaring raw material costs and energy costs,
etc; however, we have been striving to increase profit by improving productivity and reviewing the sales price.
As a result, orders received decreased 10.6% year on year to 7,272 million yen, while net sales increased 19.2% year on year to
7,139 million yen. Segment income (operating income) decreased 0.1% year on year to 745 million yen.
(2) Explanation of financial position
Total assets came to 49,905 million yen as of December 31, 2023, down 5,228 million yen from the end of the previous fiscal
year.
Current assets decreased 8,681 million yen from the end of the previous fiscal year to 31,980 million yen. The main factors weredecreases of 7,352 million yen in cash and deposits and 2,648 million yen in trade receivables including notes receivable-trade,
although inventories increased by 1,288 million yen.
Non-current assets increased 3,452 million yen from the end of the previous fiscal year to 17,924 million yen. The main factors
were increases of 1,339 million yen in goodwill, 1,354 million yen in investment securities and 1,000 million yen in long-termtime deposits, although property, plant, and equipment decreased by 544 million yen.
Current liabilities decreased 1,905 million yen from the end of the previous fiscal year to 7,262 million yen. The main factors
were decreases of 843 million yen in trade payables including notes payable-trade, 570 million yen in contract liabilities, and
387 million yen in allowance for employees’ bonuses.
Fixed liabilities decreased 20 million yen from the end of the previous fiscal year to 4,144 million yen. The main factors weredecreases of 10 million yen in net defined benefit
liability, 26 million yen in lease obligations and 15 million yen in long-term accounts payable included in other, although longterm loans payable increased by 31 million yen.
Net assets decreased 3,303 million yen from the end of the previous fiscal year to 38,498 million yen. The main factors were adecrease of 2,459 million yen in retained earnings and an increase of 1,839 million yen in treasury stock due to purchase oftreasury shares, which reduced net assets, despite increases of 712 million yen in valuation difference on available-for-salesecurities and 392 million yen in foreign currency translation adjustment.
(3) Explanation of forecast of consolidated operating results and other future projections
At this point, the forecast of consolidated operating results for the fiscal year ending March 31, 2024 is unchanged from theforecast announced along with the financial results on November 10, 2023, and no change has been made to the operating results.
(4) Management policies, management strategies, etc.
Our medium- to long-term management strategies, which are described in the Medium- and Long-Term Management Strategy
disclosed in March 2021, has the goal of achieving the Group’s ideal of “Pioneering the Future” by “actively contributing tosociety” and “improving corporate value and achieving growth.” Furthermore, in May 2022, we disclosed the Medium-TermBusiness Plan: DKK-Plan 2025, which clarified targets for the next three years and our commitment to focusing efforts toachieve them, as part of efforts to achieve the vision laid out in the Medium- and Long-Term Management Strategy, and haveworked to improve the Company’s corporate value on a permanent basis. On the other hand, given the emergence of newissues that affect society as a whole, including instable global situations, rising prices and labor shortage, we decided to
implement drastic reforms, which take the current business environment surrounding the Company into consideration, toimprove earnings as we explained at the November 2023 briefing on the first half results for the fiscal year ending March 31,
2024. We plan to disclose the DKK-Plan 2025 rolling plans, which are medium-term business plans that reflect these reforms,
in March 2024.

- 3 -2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet(Millions of yen)Previous consolidated fiscal year Current consolidated fiscal third(March 31, 2023)
quarter (December 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes receivable-trade
Electronically recorded monetary claims-operating
Accounts receivable from completed construction
contracts
Accounts receivable-trade
Contract assets
Costs on uncompleted construction contracts
Other inventories
Other Businesses
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant, and equipment
Buildings and structures
Machinery, equipment, and vehicles
Tools, furniture, and fixtures
Land
Lease assets
Construction in progress
Accumulated depreciation
Total property, plant, and equipment
Intangible assets
Goodwill
Other Businesses
Total Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Net defined benefit assets
Long-term time deposits
Deferred tax assets
Other Businesses
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 4 -19,759419
1,537

12,407
349
1,731

5,108

1,787

3,175
3,715
17
5,720
1,211
(2)
40,662

3,024
4,415
67
6,958
1,245
(5)
31,98011,179
9,799
7,475
2,251
268
169
(24,614)
6,529

11,184
9,267
7,193
2,257
240
159
(24,319)
5,985

－
598
598

1,339
513
1,852

4,549
1
831
－
886
1,123
(47)
7,344
14,472
55,134

5,903
2
818
1,000
1,049
1,361
(47)
10,087
17,92449,905

(Millions of yen)Previous consolidated fiscal year Current consolidated fiscal third(March 31, 2023)
quarter (December 31, 2023)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts, and others
Short-term loans payable
Long-term loans payable to be repaid within a year
Lease obligations
Income taxes payable
Contract liabilities
Allowance for warranties on completed
construction contracts
Allowance for product warranties
Allowance for employees’ bonuses
Allowance for directors’ bonuses
Allowances for losses on construction contracts
Allowances for losses on liquidation of subsidiaries
and affiliates
Other Businesses
Total current liabilities
Fixed liabilities
Long-term loans payable
Lease obligations
Allowance for product warranties
Allowances for share-based remuneration for
directors and corporate auditors
Net defined benefit liability
Asset retirement obligations
Other Businesses
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

- 5 -

4,045

3,202

2,200
90
48
116
728

2,200
135
40
90
157

18

17

83
662
9
6

78
275
2
8

76

20

1,079
9,168

1,033
7,262

1,260
75
18

1,292
48
18

75

83

2,626
49
58
4,164
13,332

2,616
49
35
4,144
11,407

8,774
9,693
25,019(3,897)39,5898,774
9,693
22,559(5,737)35,290

736
2
494
424
1,658
553
41,801
55,134

1,449
－
887
341
2,678
529
38,49849,905

(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income(Quarterly consolidated statement of income)(Nine months ended December 31)(Millions of yen)
Nine months ended December 31, Nine months ended December 31,
2022 (from April 1, 2022 to2023 (from April 1, 2023 to
December 31, 2022)
December 31, 2023)
Net sales
Sales of completed construction contracts
Net sales of goods
Sales in other businessTotal net sales
Cost of sales
Cost of sales of completed construction contracts
Cost of finished goods soldCost of sales in other businessTotal cost of sales
Gross profit
Gross profit on completed construction contracts
Gross profit on finished goods
Gross profit on other businessTotal gross profit
Selling, general, and administrative expenses
Operating loss
Non-operating income
Interest income
Dividend income
Other Businesses
Total non-operating income
Non-operating expenses
Interest expenses
Commitment fees
Loss on investments in investment partnerships
Other Businesses
Total non-operating expenses
Ordinary loss
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Impairment losses
Total extraordinary losses
Net loss before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net loss
Profit (loss) attributable to non-controlling interests
Net loss attributable to shareholders of parent company

- 6 -

8,431
12,76380
21,275

6,981
13,21580
20,277

7,519
10,70834
18,261

6,474
10,90331
17,410

911
2,055
46
3,013
4,173
(1,159)

507
2,311
48
2,867
4,308
(1,440)

27
154
354
536

14
144
188
347

24
134
26
18
203
(826)

28
30
30
27
116
(1,210)

105
105

－
－

－
－
(720)
89
(173)
(84)
(636)
(26)
(609)

841
841
(2,051)
113
(338)
(224)
(1,826)15(1,841)

(Quarterly consolidated statement of comprehensive income)(Nine months ended December 31)(Millions of yen)
Nine months ended December 31, Nine months ended December 31,
2022 (from April 1, 2022 to2023 (from April 1, 2023 to
December 31, 2022)
December 31, 2023)
Net loss
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to shareholders ofparentComprehensive income attributable to non-controllinginterests

- 7 -

(636)

(1,826)

43
(40)
606
(80)
528
(107)

712
(2)
428
(82)
1,056
(770)

(165)

(819)

57

49

(3) Notes to quarterly consolidated financial statements(Notes on going concern assumptions)
There are no matters to be noted.
(Notes in case of significant changes in shareholders’ equity)
There are no matters to be noted.
(Changes in accounting policies)(Changes in inventory valuation)
The Company had adopted the moving-average cost method for valuation of inventories held as raw materials and supplies;
however, in the beginning of the first quarter of the current fiscal year, the Company changed the method to the grossaverage cost method.
The purpose of the change is to reflect more accurate periodic profit and loss, taking into account longer cycles of raw
materials and supplies and changes in their procurement prices.
The effect of the change on the past period is de-minimis.
(Additional information)
There are no matters to be noted.

- 8 -(Segment information, etc.)[Segment information]
I Nine months ended December 31, 2022 (from April 1, 2022 to December 31. 2022)
1. Information on amounts of net sales and income/loss by reportable segment
Reportable segment
Other
Businesses(Note) 1

Total(Millions of yen)Amountrecorded inquarterly
Adjustments
consolidated(Note) 2
statement ofincome(Note) 3

Telecommu
nication
Business

Radio
Frequency
Business

15,206

5,988

21,19480

21,275－

21,275

26

－

26

142

169

(169)

－

15,232

5,988

21,221

223

21,444(169)

21,275

105

746

852

107

959

(2,119)(1,159)Total

Net sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment income (loss)(Notes) 1

The “Others” segment, which is not included in reportable segments, includes equipment leasing and electric powersales businesses.

2

The segment income adjustment of (2,119) million yen includes elimination of intersegment transactions of (61)million yen and corporate expenses of (2,057) million yen that are not allocated to any reportable segment. Corporate

3

expenses are mainly general and administrative expenses that are not attributable to any reportable segments.
Adjustments are made to reconcile segment income (loss) with operating loss in the quarterly consolidated statement ofincome.
2. Information on impairment losses or goodwill, etc. on non-current assets by reportable segment
There are no matters to be noted.

II Nine months ended December 31, 2023 (from April 1, 2023 to December 31. 2023)
1. Information on amounts of net sales and income/loss by reportable segment
Reportable segment
Other
Businesses(Note) 1

Total(Millions of yen)Amountrecorded inquarterly
Adjustments
consolidated(Note) 2
statement ofincome(Note) 3

Telecommu
nication
Business

Radio
Frequency
Business

13,057

7,139

20,19780

20,277－

20,277

22

－

22

120

142

(142)

－

13,0797,139

20,219201

20,420(142)

20,277

(81)

745

664

96

761

(2,201)(1,440)Total

Net sales
Sales to external customers
Intersegment sales ortransfers
Total
Segment income (loss)(Notes) 1

The “Others” segment, which is not included in reportable segments, includes equipment leasing and electric powersales businesses.

2

The segment income adjustment of (2,201) million yen includes elimination of intersegment transactions of (50)
million yen and corporate expenses of (2,151) million yen that are not allocated to any reportable segment. Corporate

3

expenses are mainly general and administrative expenses that are not attributable to any reportable segments.
Adjustments are made to reconcile segment income (loss) with operating loss in the quarterly consolidated statement ofincome.

- 9 -2. Information on impairment losses or goodwill, etc. on non-current assets by reportable segment(Material impairment losses pertaining to non-current assets)
Impairment losses on non-current assets are recognized in the Radio Frequency Business segment. The amount of theimpairment losses recognized for the nine months ended December 31, 2023 is 841 million yen.

- 10 -

(Material subsequent events)(Cancellation of treasury stock and reversal of general reserve)
In the January 26, 2024 meeting, the Company’s Board of Directors resolved to cancel treasury stock in accordance with
provisions of Article 178 of the Companies Act. At the meeting held on the same day, the Board also resolved to conduct
reversal of general reserve in accordance with the provisions of Article 37 of the Company’s Articles of Incorporation, which isin turn based on the provisions of Article 459, Paragraph 1 of the Companies Act.
1. Cancellation of treasury stock(1) Reason for cancellation
To enhance shareholder returns in accordance with the policy on the purchase and cancellation of treasury stock disclosed
on February 10, 2022
(2) Details of shares being canceled(a) Class of shares being canceled

Common shares of the Company(b) Total number of shares being canceled
1,200,000 shares(Ratio to pre-cancellation total number of shares issued (excluding treasury stock): 12.31%)(c) Cancellation date(Reference)

February 2, 2024

Post-cancellation total number of shares issued

10,900,000 shares(Note) The number of treasury shares mentioned above does not include the number of the Company’s shares held in the trust
account as trust assets for the share-based compensation scheme for directors.
2. Reversal of general reserve(1) Reason for reversal
To address the cancellation of treasury stock(2) Details
Item of the decreasing surplus and its amount General reserve
Item of the increasing surplus and its amount Retained earnings brought forward(3) Effective date

2,865,000,000 yen
2,865,000,000 yen

February 2, 2024

(4) Future outlook
As this measure is a transfer between accounts under net assets, it does not change the amount of net assets or affectearnings.

- 11 -

3. Supplementary information(1) Production, orders and sales(a) Production results
Production results by reportable segment for the nine months ended December 31, 2023 are shown below.
Reportable segment

Output (millions of yen)

Year-on-year change (%)

Telecommunication Business

6,593(18.4)

Radio Frequency Business

7,316

11.1

13,910

(5.2)

Total
(Notes) 1
2

Amounts are based on sales prices, and intersegment transactions have been offset.
In the Telecommunication Business, production results related to construction projects are excluded from the above
production results due to difficulty in defining the results.

(b) Results of orders received
Results of orders received by reportable segment for the nine months ended December 31, 2023 are shown below.
Reportable segment
Telecommunication

Orders received(millions of yen)

Year-on-year change (%)

Order backlog(millions of yen)

Year-on-year change (%)

16,055(11.2)

11,529(1.3)

Radio Frequency Business

7,272(10.6)

3,647(25.7)

Total

23,328(11.0)

15,176(8.5)

Business(c) Sales results
Sales results by reportable segment for the nine months ended December 31, 2023 are shown below.
Reportable segment

Net sales (millions of yen)

Year-on-year change (%)

Telecommunication Business
Construction work

6,981

(17.2)

6,075(10.3)

13,057(14.1)

Radio Frequency Business

7,139

19.2

Total of reportable segments

Equipment and materials
sales
Subtotal of
Telecommunication Business

20,197(4.7)

Other Businesses

80

0.2

Total

20,277(4.7)(Notes) 1
2

Intersegment transactions have been offset.
The “Others” segment, which is not included in reportable segments, includes equipment leasing and electric power sales
businesses.

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