Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 9, 2024
Company name:RESOL HOLDINGS CO., Ltd.

Stock exchange listing: Tokyo
Stock code:
5261
Representative:
Inquiries:

URL

https://www.resol.jp

Representative Director, PresidentManager of the Accounting Department

Masaru OsawaTatsuo Saito

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–No

Holding of financial results meeting:

NoTEL

03-3344-8861(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2024
Three months ended June 30, 2023
Note: Comprehensive income

Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
7,041
7.0
750(9.6)713 (10.4)661(1.6)
6,579 (20.1)
830 (39.4)
795 (40.5)
671 (16.1)

Three months ended June 30, 2024

¥662 million [(0.9)%]

Three months ended June 30, 2023

¥669 million [(15.5)%]

Earnings per share

Diluted earnings per share

Yen
119.05120.96

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024
Reference: Equity

Net assets

Millions of yen
43,291
43,003Equity ratio

Millions of yen
14,885
14,666

As of June 30, 2024

¥14,851 million

As of March 31, 2024

¥14,635 million

Net assets per share%
34.3
34.0

Yen
2,673.26
2,634.33

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00

Yen–

Yen
80.00

Yen
80.00

0.00

–90.0090.00

Year ending March 31, 2025 (Forecast)
Note: Revisions to the cash dividend forecasts most recently announced: None1Total3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
27,000
5.0
2,200
3.6
2,000
2.7
1,500
6.2
270.00Note: Revisions to the financial results forecasts most recently announced: None
For the year ending March 31, 2025, as the Company manages financial results annually, the financial results forecast for the first six months isomitted.
4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

YesNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

5,564,200 shares As of March 31, 2024

5,564,200 shares

8,697 shares As of March 31, 2024

8,695 shares

Number of treasury shares at the end of the period
As of June 30, 2024

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

5,555,504 shares Three months ended June 30, 2023

5,555,322 shares* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an
audit corporation: None
* Proper use of forecasts of financial results, and other special matters(Caution concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize suchstatements. Actual performance and other results may differ materially due to various factors.
(Change in presentation of amounts)
The monetary amounts of accounting items or other information presented in the quarterly consolidated financial statements of the Company up
until now were presented in thousands of yen. However, commencing from the first quarter of the fiscal year ending March 31, 2025 and thethree months ended June 30, 2024, this unit has changed to millions of yen. To facilitate comparison with prior periods, the amounts for the fiscal
year ended March 31, 2024 and the three months ended June 30, 2023 are presented in millions of yen.

2Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Trade accounts receivable, net
Merchandise
Real estate for sale
Supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other, net
Total property, plant and equipment
Intangible assets
GoodwillOther
Total intangible assets
Investments and other assets
Total investments and other assets
Total non-current assets
Total assets

3(Millions of yen)
As of June 30, 2024

3,590
1,824
121
1,914
106
1,182
8,740

3,863
1,652
133
1,955
98
1,227
8,930

7,038
18,6052,558
28,202

6,987
18,6262,703
28,318

311
625
936

298
632
931

5,124
34,26343,003

5,111
34,361
43,291As of March 31, 2024
Liabilities
Current liabilities
Trade accounts payable
Short-term borrowings
Current portion of long-term borrowingsIncome taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Provision for special compensations
Retirement benefit liability
Asset retirement obligations
Guarantee deposits received
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
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of June 30, 2024

373
2,000
3,137
148
262

388
2,500
4,011
57
170

20

20

4,393
10,335

4,399
11,547

8,718
1,159
103
389
194
7,311
123
18,001
28,336

7,992
1,102
92
397
195
6,956
121
16,85828,406

3,948
2,244
8,449
(22)
14,619

3,948
2,244
8,666
(22)
14,8361515
3114,66643,0031414
33
14,88543,291

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
Three months ended
June 30, 2023
June 30, 2024
Net sales
6,579
7,041
Cost of sales
2,006
2,025
Gross profit
4,573
5,015
Selling, general and administrative expenses
3,742
4,264
Operating profit
830
750
Non-operating income
Interest income
0–
Rental income
22
Insurance claim income
01
Refund income
12
Other
11
11
Total non-operating income
1417
Non-operating expenses
Interest expenses
4140
Commission expenses79
Other05
Total non-operating expenses
4955
Ordinary profit
795
713
Extraordinary income
Gain on sale of non-current assets
0–
Total extraordinary income
0–
Extraordinary losses
Loss on retirement of non-current assets
00
Provision for special compensations–
1
Other0–Total extraordinary losses
01
Profit before income taxes
795
711
Income taxes - current
126
44
Income taxes - deferred
03
Total income taxes
126
48
Profit669
663
Profit (loss) attributable to non-controlling interests(2)
2
Profit attributable to owners of parent671
661

5

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
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 noncontrolling interests

6

Three months ended
June 30, 2023
669

(Millions of yen)Three months ended
June 30, 2024
663

(0)
(0)
669

(0)
(0)
662

671

660

(2)

2