Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 8, 2024
Company name: GLOBERIDE, Inc.
Stock exchange listing: Tokyo Stock Exchange
Code number: 7990
URL: https://www.globeride.co.jp/
Representative: Kazunari Suzuki, Representative Director, President
Contact: Hisaki Taniguchi, Director, Managing Executive Officer, Division Manager of Business Management Div.
Phone: +81-42-475-2115
Scheduled date of commencing dividend payments: —Availability of supplementary explanatory materials on financial results: Not available
Schedule of financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 - June 30, 2024)(1) Consolidated Operating Results (Cumulative)(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Three months ended Million yen%
Million yen%
Million yen%
Million yen%
31,481(7.7)
2,122 (47.5)
2,592 (43.4)
1,650 (53.0)
June 30, 2024
June 30, 2023
34,116(7.7)
4,041 (25.0)
4,581 (21.1)
3,514 (19.3)(Note) Comprehensive income: Three months ended June 30, 2024: ¥3,266 million [(21.4)%]
Three months ended June 30, 2023: ¥4,157 million [(22.9)%]
Basic earnings
Diluted earnings
per shareper share
Three months ended
Yen
Yen
71.82
June 30, 2024
June 30, 2023
153.00(2) Consolidated Financial Position
Total assets
Million yen

Net assets

111,470
As of June 30, 2024
108,717
As of March 31, 2024
(Reference) Equity: As of June 30, 2024: ¥56,714 million
As of March 31, 2024: ¥54,261 million

Equity ratio

Million yen%

56,95054,48850.9
49.9

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Yen

Annual dividends
3rdquarter-end

Fiscal year ended March 31, 2024
35.00
Fiscal year ending March 31, 2025
Fiscal year ending March 31, 2025
40.00
(Forecast)(Note) Revisions to the dividend forecast most recently announced: None

Year-end

TotalYenYenYen-

35.00

70.00

-40.0080.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparentMillion yen%

Million yen%

Million yen%First half
66,000 (2.8)
3,800 (41.7)
3,500 (51.4)
Full year
127,000 0.8
5,500 (26.6)
5,100 (39.1)(Note) Revisions to the financial results forecast most recently announced: None

Million yen

2,400
3,400%(52.9)(39.1)

Yen

104.44147.96

* Notes:(1) Significant changes in the scope of consolidation during the period: None
Newly included: –Excluded: –(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes(Note) For details, please refer to “(Accounting policies adopted specially for the preparation of quarterly
consolidated financial statements)” on page 8 of the Attachments.
(3) 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
(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
24,000,000 shares
March 31, 2024:
24,000,000 shares2) Total number of treasury shares at the end of the period:
June 30, 2024:
1,021,608 shares
March 31, 2024:
1,021,181 shares
3) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year):Three months ended June 30, 2024:
22,978,584 shares
Three months ended June 30, 2023:
22,971,348 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified
public accountants or an audit firm: None
* Explanation of the proper use of financial results forecast and other notes
The financial results forecast and other forward-looking statements herein are based on information that is currently
available to the Company and certain assumptions that are deemed reasonable by the Company, and are notintended to guarantee the achievement. Actual business results may differ significantly due to various factors. For
the conditions serving for the premise of the financial results forecast and the cautionary notes concerning the useof the financial results forecast, please refer to “Explanation of Consolidated Financial Results Forecast and OtherForward-Looking Information” on page 3 in the Attachments of the quarterly consolidated financial results.

Table of Contents - Attachments
1. Qualitative Information on Quarterly Financial Results ....................................................................... 2(1) Explanation of Operating Results ..................................................................................................... 2(2) Explanation of Financial Position ..................................................................................................... 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information................................................................................................................................................................ 3
2. Quarterly Consolidated Financial Statements and Principal Notes ....................................................... 4(1) Quarterly Consolidated Balance Sheets ............................................................................................ 4(2) Quarterly Consolidated Statements of Income and Comprehensive Income .................................... 6(3) Notes to Quarterly Consolidated Financial Statements ..................................................................... 8(Notes on going concern assumption) ............................................................................................... 8(Notes in the case of significant changes in shareholders’ equity) .................................................... 8(Accounting policies adopted specially for the preparation of quarterly consolidated financialstatements) ......................................................................................................................................... 8(Segment information, etc.) ............................................................................................................... 8(Notes to statements of cash flows) ................................................................................................... 91

1. Qualitative Information on Quarterly Financial Results(1) Explanation of Operating Results
During the three months ended June 30, 2024, the Japanese economy has seen a gradual upward momentum,with a backdrop of recovery in consumer spending and demands from inbound tourists resulting fromnormalization of economic activities. Meanwhile, the future still remains unclear due to rises in commodity
prices fueled by soaring material and energy prices and the yen depreciation as well as sluggish consumerconfidence. While consumer spending was on a recovery trend mainly in North America and Europe, theoverseas economy has not reached an economic recovery as a whole, due mainly to geopolitical risks such as thesituations in Ukraine and the Middle East, and prolonged monetary tightening policies in North America andEurope, as well as concern over the future of the Chinese economy.
Under these situations, the markets of the outdoor, sports, and leisure industry, in which the Group (theCompany and its subsidiaries) operates, remained stagnant, affected chiefly by the increased burden on
households from soaring commodity prices, as well as diversifying ways to spend leisure time with the increased
popularity of travelling, shopping, and a variety of other sports and leisure activities.
In such conditions, as “A Lifetime Sports Company,” the Group has been providing attractive products andhigh-quality services for everyone who loves nature and sports. However, with impacts including the slowing
demand for outdoor, sports, and leisure goods, such as fishing goods, and an adjustment in inventory levels, forthe three months ended June 30, 2024, net sales were 31,481 million yen (down 7.7% year on year). As for profit,
due to a decrease in revenue which led to a decrease in gross profit and an increase in expenses, such as personnel
expenses, operating profit was 2,122 million yen (down 47.5% year on year), ordinary profit was 2,592 million
yen (down 43.4% year on year), and profit attributable to owners of parent was 1,650 million yen (down 53.0%
year on year).
Operating results by segment are shown as follows. Net sales of each segment include inter-segment sales
and transfers.
1) Japan
In Japan, the outdoor, sports, and leisure markets remains sluggish partially due to financial pressure on
households from rising energy and commodity prices, as well as an increased variety of leisure consumption
to include travel and others. Under such circumstances, the Group launched new products and provided
services to satisfy our customers, for example, a spinning reel “CERTATE” in fishing, and “ONOFF AKA” ingolf. However, net sales were 20,575 million yen (down 10.7% year on year), and segment profit was 1,513million yen (down 50.6% year on year) due mainly to a decrease in revenue which led to a decrease in grossprofit.
2) Americas
In the Americas, while the inventory adjustment almost calmed down, a recovery in market conditions isgradual under a level of interest rates remaining high. Under such circumstances, the Group made efforts for
expanding sales mainly in bass fishing goods including “TATULA series” for the U.S. market. As a result, net
sales were 4,355 million yen (up 15.9% year on year), and segment profit was 160 million yen (up 95.3% yearon year).
3) EuropeIn Europe, affected by bad weather in some regions, market conditions remains weak. Under suchcircumstances, since products that catered to local needs continued to be launched and there were gains ontranslation on the weak yen, net sales were 4,945 million yen (up 18.3% year on year), and segment profit was
463 million yen (up 51.1% year on year).
4) Asia and Oceania
In the Asia and Oceania region, while the socioeconomic situation varies among countries, business generally
stagnates and consumer spending is sluggish as well. Under such circumstances, although the Group worked2

to expand sales mainly in high-class Japanese-made products and goods exclusively for a local area, net sales
were 10,429 million yen (down 10.0% year on year), and segment profit was 926 million yen (down 38.1%year on year).

(2) Explanation of Financial Position
Total assets at the end of the three months ended June 30, 2024, amounted to 111,470 million yen, an increaseof 2,752 million yen from 108,717 million yen at the end of the previous fiscal year. The increase is mainly due
to an increase in inventories.
Net assets amounted to 56,950 million yen, an increase of 2,461 million yen from 54,488 million yen at theend of the previous fiscal year. The increase is due to recording profit attributable to owners of parent, as well as
fluctuation in foreign currency translation adjustment.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information
The financial results forecast for the fiscal year ending March 31, 2025 has not been revised from the forecast
announced on May 13, 2024.

32. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods

12,97913,995

11,32816,541

391

832

31,03633,498Work in process
Raw materials and supplies

3,856
3,761

4,071
4,236

Other
Allowance for doubtful accounts

3,650(559)

2,066(592)

Total current assets

69,11071,982

LandOther, net

5,511
21,1205,511
21,605

Total property, plant and equipment

26,631

27,116

Other

1,505

1,494

Total intangible assets

1,505

1,494

Investment securities
Retirement benefit asset

6,476
133

6,418
139

Other
Allowance for doubtful accounts

4,899
(39)

4,358
(39)

Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets

Total investments and other assets
Total non-current assets
Total assets

4

11,47010,876

39,60639,487

108,717

111,470

(Million yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

4,897

6,061

Electronically recorded obligations - operating
Short-term borrowings

6,806
12,682

2,571
16,975

Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other

550
932

473
618

35

16

7,746

7,236

Total current liabilities

33,651

33,952

Non-current liabilities
Long-term borrowings

11,645

11,615Retirement benefit liability
Other

5,580
3,350

5,571
3,380

Total non-current liabilities

20,577

20,56754,22954,520Shareholders’ equity
Share capital

4,184

4,184

Capital surplus
Retained earnings

27
42,27927
43,125

Total liabilities
Net assets

Treasury shares

(881)

(882)

45,60946,454

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges

3,492

3,458

1827

Revaluation reserve for land
Foreign currency translation adjustment

1,977
3,201

1,977
4,832

Remeasurements of defined benefit plans

(38)

(36)

8,652

10,259226

235

Total shareholders’ equity

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

554,488

56,950108,717

111,470

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Three Months Ended June 30(Million yen)
For the three months ended
June 30, 2023

For the three months ended
June 30, 2024

Net sales
Cost of sales

34,116
20,84331,481
19,525Gross profit

13,272

11,955

Selling, general and administrative expenses

9,231

9,833

Operating profit

4,041

2,122

Non-operating income
Interest income

1512Dividend income
Rental income from real estate

46
150
1

Foreign exchange gains
Other623
88487
153

Total non-operating income

775704

131

119

380

2567

Non-operating expenses
Interest expenses
Loss on retirement of non-current assets
Loss on valuation of derivatives
Other

20

22

Total non-operating expenses

235

235

Ordinary profit

4,581

2,592

Extraordinary income
Gain on sale of non-current assets

012

Total extraordinary income

012

Extraordinary losses
Loss on sale of non-current assets

0000

Profit before income taxes

4,581

2,604

Income taxes - current

1,057

951

Profit

3,524

1,652

92

3,514

1,650

Total extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent6Quarterly Consolidated Statements of Comprehensive Income
Three Months Ended June 30(Million yen)
For the three months ended
June 30, 2023
Profit

For the three months ended
June 30, 2024

3,524

1,652

Valuation difference on available-for-sale securities

584

(34)

Deferred gains or losses on hedges

138

9Foreign currency translation adjustment

(91)

1,637

Other comprehensive income

Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income

21633

1,613

4,157

3,266

4,145

3,258

128

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests7(3) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Notes in the case of significant changes in shareholders’ equity)
For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Not applicable.
(Accounting policies adopted specially for the preparation of quarterly consolidated financial statements)
Calculation of tax expense
The Company calculates tax expense by multiplying profit before income taxes by an effective tax rate thatwas reasonably estimated after applying tax effect accounting to profit before income taxes for the fiscal year
under review.
(Segment information, etc.)[Segment information]
For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information on net sales and profit (loss) and information on disaggregation of revenue by reportable segment(Million yen)JapanNet sales
Revenue from contracts withcustomers
Other revenue
Net sales to outside customers
Inter-segment net sales ortransfers
Total
Segment profit

Reportable segment
Americas
EuropeAsia and Oceania

Total

19,427

3,754

4,181

6,753

34,116－
19,427

－
3,754

－
4,181

－
6,753

－
34,116

3,623

2－

4,835

8,461

23,050
3,061

3,757
81

4,181
306

11,588
1,496

42,577
4,946

2. Difference between total amount of profit (loss) of reportable segments and amounts recorded in quarterly
consolidated statements of income, and content thereof (matters related to difference adjustment)(Million yen)
ProfitAmountReportable segment total

4,946Inter-segment elimination and company-wide expenses (Note)(905)

Operating profit in the quarterly consolidated statements of income

4,041(Note) Company-wide expenses are mainly general and administrative expenses that are not attributable to reportablesegments.

8

For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on net sales and profit (loss) and information on disaggregation of revenue by reportable segment(Million yen)JapanNet sales
Revenue from contracts withcustomers
Other revenue
Net sales to outside customers
Inter-segment net sales ortransfers
Total
Segment profit

Reportable segment
Americas
EuropeAsia and Oceania

Total

16,730

4,348

4,939

5,462

31,481－
16,730

－
4,348

－
4,939

－
5,462

－
31,481

3,844

7

6

4,966

8,824

20,575
1,513

4,355
160

4,945
463

10,429926

40,305
3,063

2. Difference between total amount of profit (loss) of reportable segments and amounts recorded in quarterlyconsolidated statements of income, and content thereof (matters related to difference adjustment)(Million yen)
ProfitAmountReportable segment total

3,063

Inter-segment elimination and company-wide expenses (Note)(940)

Operating profit in the quarterly consolidated statements of income

2,122(Note) Company-wide expenses are mainly general and administrative expenses that are not attributable to reportablesegments.

(Notes to statements of cash flows)
Quarterly Consolidated Statements of Cash Flows for the three months ended June 30, 2024 have not been prepared.
Depreciation (including amortization of intangible assets) for the three months ended June 30, 2024 is as follows.
(Million yen)
For the three months ended June 30, 2023
(from April 1, 2023 to June 30, 2023)
Depreciation

912

9

For the three months ended June 30, 2024
(from April 1, 2024 to June 30, 2024)
1,090