Consolidated Financial Results
for the Fiscal Year Ended June 30, 2024
[Japanese GAAP]
August 9, 2024
Company name: OLBA HEALTHCARE HOLDINGS, Inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2689
URL: https://www.olba.co.jp/
Representative: Yohei Maeshima, President CEO
Contact: Nobuharu Murata, Managing Director and General Manager, Administrative Department
Phone: +81-86-236-1115
Scheduled date of general meeting of shareholders: September 26, 2024
Scheduled date of commencing dividend payments: September 27, 2024
Scheduled date of filing securities report: September 27, 2024
Availability of supplementary briefing material on financial results: Unavailable
Schedule of financial results briefing session: Scheduled (for securities analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended June 30, 2024 (July 1, 2023 to June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous year.)
Profit attributable
Net sales
Operating profit
Ordinary profit
to owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2024
118,564
7.3
2,226
3.5
2,244
4.0
1,500
6.1
June 30, 2023
110,472
2.3
2,151
3.8
2,158
1.8
1,414
(7.9)
(Note) Comprehensive income: Fiscal year ended June 30, 2024: ¥1,697 million [8.7%]
Fiscal year ended June 30, 2023: ¥1,561 million [9.0%]
Ratio of ordinary
profit to total
assetsRatio ofoperating profit
to net sales

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

%

%

%

251.68234.90

–
–

13.8
14.6

5.3
5.3

1.9
1.9

Fiscal year ended
June 30, 2024
June 30, 2023

(2) Consolidated Financial Position
Total assets

Return on equity

Net assets

Million yen

43,237
As of June 30, 2024
40,878
As of June 30, 2023
(Reference) Equity: As of June 30, 2024: ¥11,373 million
As of June 30, 2023: ¥10,327 million

Equity ratio

Net assets per share

Million yen%

Yen

11,373
10,32726.3
25.3

1,922.58
1,712.19

Cash flows fromfinancing activities

Cash and cash
equivalents at endof period(3) Consolidated Cash Flows
Cash flows fromoperating activities
As of June 30, 2024
As of June 30, 2023

Cash flows frominvesting activities

Million yen

Million yen

Million yen

Million yen

2,084
(659)

(673)
(306)

(1,089)
175

2,681
2,359

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end Year-end
Fiscal year ended
June 30, 2023
Fiscal year ended
June 30, 2024
Fiscal year ending
June 30, 2025
(Forecast)Total
annualdividends

Total

Payout
ratio
%

%

436

29.8

4.3

488

31.8

4.4

Yen Million yen

Yen

Yen

Yen

Yen

–

0.00

–

70.00

70.00

–

0.00

–

80.00

80.00

–

0.00

–

80.00

80.00

Ratio ofdividends toshareholders’equity–3. Consolidated Financial Results Forecast for the Fiscal Year Ending June 30, 2025 (July 1, 2024 to June 30, 2025)(% indicates changes from the previous corresponding period.)
Net salesFirst half
Full year

Operating profit

Profit attributable toowners of parent

Ordinary profit

Million yen%

Million yen%

Million yen

60,720123,726

5.7
4.4

799
2,270

7.1
1.9

795
2,253

%

Yen

4.9
(2.4)

86.15
247.65% Million yen

6.7
0.4

509
1,465

Basic earnings
per share

Notes:(1) Significant changes in the scope of consolidation during the period: None
Newly consolidated: None (Company Name); Removed from consolidation: None (Company Name)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(3) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock):
June 30, 2024: 6,250,000 shares
June 30, 2023: 6,250,000 shares2) Total number of treasury stock at the end of the period:
June 30, 2024: 334,145 shares
June 30, 2023: 218,150 shares
3) Average number of shares during the period:
Fiscal year ended June 30, 2024: 5,961,397 sharesFiscal year ended June 30, 2023: 6,020,520 shares
As of June 30, 2024, 192,900 shares of the Company’s stock held by the Board Benefit Trust were included intreasury stock.

(Reference) Summary of non-consolidated financial results
Non-consolidated Financial Results for the Fiscal Year Ended June 30, 2024 (July 1, 2023 to June 30, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
ProfitFiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2024
2,153
12.3
660
4.9
671
6.4
592
7.8
(12.2)(38.3)
631(38.1)
549(45.0)
June 30, 2023
1,917
630
Basic earnings
per share

Fiscal year ended
June 30, 2024
June 30, 2023

Dilutedearnings
Yen

Yen

–
–

99.31
91.25

(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of June 30, 2024
8,454
As of June 30, 2023
8,127
(Reference) Equity: As of June 30, 2024: ¥4,821 million
As of June 30, 2023: ¥4,880 million

Equity ratio

Net assets per share

Million yen

%

Yen

4,821
4,880

57.0
60.1

815.07809.18* These financial results are outside the scope of audit procedures conducted by a certified public accountant or audit
corporation.
* Explanation of the proper use of financial results forecast and other notes• The figures forecasted above were prepared based on information that is available as of the date of
publication of this document. Actual results may differ from these forecast figures due to various factors
in the future.

2. Consolidated Financial Statements and Principal Notes(1) Consolidated Balance Sheets(Thousand yen)
As of June 30, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating
Merchandise
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of June 30, 2024

2,399,977
21,761,217
2,758,678
6,160,897
671,080(11,119)
33,740,731

2,731,386
22,487,355
3,625,886
5,943,369
812,879(14,821)35,586,056

2,971,656(1,417,333)
1,554,323
108,483(78,259)
30,223
1,298,675(1,081,873)
216,8021,554,139
1,502,808(610,170)
892,638
4,248,127

3,026,887(1,503,074)
1,523,812
108,483(82,037)
26,445
1,492,391(1,175,981)
316,409
1,554,139
1,598,882(659,632)
939,250
4,360,058

15,331
689,361
704,693

7,665
638,962646,628

285,227
1,198,360
297,923
422,079(18,960)
2,184,629
7,137,450
40,878,181

358,472
1,478,751
340,268
486,034(19,077)
2,644,451
7,651,137
43,237,194

(Thousand yen)
As of June 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Provision for share awards for directors (and other officers)
Retirement benefit liability
Long-term accounts payable - other
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-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of June 30, 2024

17,898,649
7,473,337
900,000
55,000143,263572,516
36,594
1,513,452
28,592,812

17,827,446
8,372,433
600,000－
138,265
713,468
37,801
2,025,664
29,715,079

822,904
228,481
228,142444,149
175,077
58,9691,957,725
30,550,538

891,997
327,081
264,847
482,592
122,600
59,303
2,148,422
31,863,502

607,750
321,534
9,416,474(342,042)
10,003,715

607,750
321,534
10,480,812(557,173)
10,852,922

137,135
186,792
323,927－
10,327,643
40,878,181

162,098
358,670
520,769－
11,373,691
43,237,194

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Remuneration for directors (and other officers)
Salaries and allowances
Bonuses
Retirement benefit expenses
Provision for share awards for directors (and other officers)
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Insurance claim income
Commission income
Electricity sale income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Provision of allowance for doubtful accounts
Loss on cancellation of leases
Electricity sale expenses
Other
Total non-operating expenses
Ordinary profit

For the year ended
June 30, 2023
110,472,640
97,518,100
12,954,540(Thousand yen)
For the year ended
June 30, 2024
118,564,924
104,964,120
13,600,803

366,370
4,804,605
1,116,457
245,061
53,561
9,232
4,208,070
10,803,358
2,151,181

329,118
5,045,689
1,098,280
254,392
50,501
9,084
4,587,027
11,374,093
2,226,710

463
2,170
19
8,214
1,491
10,1909,231
9,425
41,186

4,032
2,362
7,079
5,073
1,066
10,235
4,623
20,19554,668

17,845
7,142
1,341
4,907
3,090
34,326
2,158,041

19,429
27
3,729
4,577
9,194
36,9582,244,420

For the year ended
June 30, 2023
Extraordinary income
Gain on sale of property, plant and equipment
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Loss on retirement of property, plant and equipment
Loss on retirement of intangible
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent(Thousand yen)
For the year ended
June 30, 2024

1,752
1,752

1,331
1,331

294
335
2,621
3,251
2,156,542
649,766
92,537742,304
1,414,238－
1,414,238

－
2,491
－
2,491
2,243,260
775,408(32,504)
742,9031,500,356－
1,500,356

Consolidated Statements of Comprehensive Income

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 of parent
Comprehensive income attributable to non-controllinginterests

For the year ended
June 30, 2023
1,414,238(Thousand yen)
For the year ended
June 30, 2024
1,500,356

15,978
131,562
147,540
1,561,779

24,963
171,878
196,841
1,697,198

1,561,779

1,697,198－－

(3) Consolidated Statements of Changes in Equity
Year ended June 30, 2023 (from July 1, 2022 to June 30, 2023)(Thousand yen)
Shareholders’ equity

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Disposal of treasury stock byownership plan trust
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Share capital

Capital surplus

607,750

315,704

Retainedearnings

Treasury shares

Total
shareholders’equity(375,903)

8,916,919

8,369,369(367,133)(367,133)

1,414,238

1,414,238

5,830－
607,750

5,830
321,534

1,047,105
9,416,474

Accumulated other comprehensive income
Total accumulated
Valuation difference Remeasurementsotheron available-for-saleof definedcomprehensive
securities
benefit plansincomeBalance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury shares
Disposal of treasury stock byownership plan trust
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

121,157

55,229176,387(175,728)
169,840(175,728)
175,670

39,74939,74933,860(342,042)

1,086,796
10,003,715

Noncontrollinginterests

Total net
assets－

9,093,306(367,133)
1,414,238(175,728)
175,670
39,74915,978

131,562

147,540－

147,540

15,978137,135

131,562
186,792

147,540
323,927－－

1,234,336
10,327,643

Year ended June 30, 2024 (from July 1, 2023 to June 30, 2024)(Thousand yen)
Shareholders’ equity

Balance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury stock byownership plan trust
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

Share capital

Capital surplus

607,750

321,534－
607,750－
321,534

Retainedearnings

Treasury shares

Total
shareholders’equity(342,042)

10,003,715

9,416,474(436,019)(436,019)

1,500,356

1,500,356

1,064,337
10,480,812

Accumulated other comprehensive income
Total accumulated
Valuation difference Remeasurementsotheron available-for-saleof definedcomprehensive
securities
benefit plansincomeBalance at beginning of period
Changes during period
Dividends of surplus
Profit attributable to owners ofparentPurchase of treasury shares
Disposal of treasury stock byownership plan trust
Net changes in items other thanshareholders’ equity
Total changes during period
Balance at end of period

137,135

186,792

323,927(221,569)(221,569)

6,438

6,438

(215,130)(557,173)

849,206
10,852,922

Noncontrollinginterests

Total net
assets－10,327,643(436,019)
1,500,356(221,569)
6,438

24,963

171,878

196,841－

196,841

24,963
162,098

171,878358,670

196,841
520,769－－

1,046,048
11,373,691

(4) Consolidated Statements of Cash Flows

For the year ended
June 30, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for share awards for
directors (and other officers)
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on valuation of investment securities
Gain on sales of property, plant and equipment
Loss on retirement of property, plant and equipment
Loss on retirement of intangible assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in long-term accounts payable - other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Loan advances to subsidiaries and associates
Purchase of shares of subsidiaries and associates
Net cash provided by (used in) investing activities(Thousand yen)
For the year ended
June 30, 2024

2,156,542
502,452
7,665
16,3691,202(14,838)
8,237

2,243,260
557,201
7,665
3,818
1,207
(30,709)38,443

15,51436,705(2,633)
17,845－294(1,752)335
2,621(937,753)(570,802)(655,549)(103,050)(496,996)(54,296)
2,510(17,861)(727,496)
137,624(659,519)(6,394)
19,429(7,062)－(1,331)
2,491－(1,593,363)
217,527
827,892(52,477)
423,159
2,687,464
3,400(19,366)(634,559)
47,2772,084,216－(161,139)
5,522(89,863)(37,065)(19,800)(3,900)(306,247)(10,000)(351,301)
15,588(125,758)(40,589)(160,972)－(673,033)

For the year ended
June 30, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Proceeds from sale and leaseback transactions
Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
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
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

900,000(220,000)(163,492)－(175,728)
202,357(367,198)
175,938－(789,827)
3,149,605
2,359,777(Thousand yen)
For the year ended
June 30, 2024
(300,000)(55,000)(164,858)
85,674(221,569)
1,884(435,914)(1,089,783)－
321,4082,359,777
2,681,186