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.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 13, 2024
Company name: ENSHU Limited
Stock exchange listing: Tokyo
Code number: 6218
URL: https://www.enshu.co.jp
Representative: Atsushi Suzuki,President and Representative Director, Chief Executive Officer
Contact: Hiroya Ohno,General Manager of Corporate Management Group, Executive Officer
Phone: +81-53-447-2111
Scheduled date of filing quarterly securities report: February 14, 2024
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
December 31, 2023
18,1377.5445327
141
December 31, 2022
16,878
6.2
(555)
(737)
(724)
(Note) Comprehensive income:Nine months ended December 31, 2023:¥
584 million [602.9%]
Nine months ended December 31, 2022:¥
83 million [(82.8) %]Basic earnings
per share
Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings pershareYen

Yen

22.47
(114.96)-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
32,482
March 31, 2023
34,168(Reference) Equity: As of December 31, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥%

11,855
11,362
11,855 million
11,362 million

36.5
33.3

2. Dividends
Annual dividends
3rdquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-0.00

-13.00

13.00

Fiscal year ending March 31, 2024-0.00

13.00

13.00

Year-end

Fiscal year ending March 31, 2024 (Forecast)(Note) Revision to the forecast for dividends announced most recently:

TotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings per
Net sales
Operating profit
Ordinary profit
owners of parent
shareMillions of yen

Full year

24,300% Millions of yen

(2.1)

390

% Millions of yen

390.9(Note) Revision to the financial results forecast announced most recently:

220
Yes% Millions of yen-0%-Yen0.00

* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) 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(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023:
6,353,454 shares
March 31, 2023:
6,353,454 shares
2) Number of treasury shares at the end of the period:
December 31, 2023:
48,927 shares
March 31, 2023:
48,722 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
Nine months ended December 31, 2022:

6,304,627 shares
6,305,199 shares

NoEnshu Limited （6218）

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netLand
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Total assets

As of December 31, 2023

4,588
4,685

4,046
2,902

1,217

1,597

3,233
3,182
2,093
448
(7)
19,442

2,615
3,791
2,494
234
(7)
17,673

2,544
2,989
7,392
1,313
14,239

2,637
3,341
7,392
1,108
14,479

103
103

80
80

353
(11)
341
14,68441
34,168187(2)
184
14,7446432,482

Enshu Limited （6218）(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provision for bonuses
Reserves for losses on liquidation of subsidiaries
and affiliates
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capitalRetained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

As of December 31, 2023

1,732
2,125
7,924
84
430

1,612
1,525
3,570
83
219

13

11

2,602
14,912

2,469
9,494

1,580
1,415
2,613
40
2,244
7,893
22,805

2,440
3,957
2,473
40
2,22111,133
20,6274,640
2,652(70)
7,222

4,640
2,709(70)
7,279

2

3

3,666
901(429)
4,140
11,362
34,1683,666
1,284(378)4,575
11,85532,482

Enshu Limited （6218）

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Interest income
Dividend income
Claim income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commission for syndicated loans
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on transition of retirement benefit plan
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Provision of reserves for losses on liquidation ofsubsidiaries and affiliates
Total extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent

For the nine months
ended December 31, 2023

16,878
14,8482,029
2,584(555)

18,137
15,094
3,043
2,597
445

26
0
6
46
80

26
0
527
60

123
112
27
262(737)

102
6
39
30
178
327

13144
148

0
15
16

1

0

4-5(593)
164(33)131(724)
(724)

0343
170
30
201
141
141

Enshu Limited （6218）

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
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 nine months
ended December 31, 2023

(724)

141

0700
107
808
830391
51443
584

83

584--