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:
KAWADA TECHNOLOGIES,INC.
Stock exchange listing: Tokyo
Stock code:3443
URL: https://www.kawada.jp/
Representative:
Representative Director and President
Inquiries:
Managing Director
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of financial results meeting:Tadahiro Kawada
Satoru Watanabe–NoNo

TEL: +81-3-3915-7722(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)
Percentages indicate year-on-year changes
Net sales
Three months ended June 30, 2024
Three months ended June 30, 2023
Note: Comprehensive income

Millions of yen
32,85631,312%
4.9
34.8

Operating profit

Ordinary profit

Millions of yen%
2,483 601.3354–

Millions of yen%
2,846 233.3
853–

Three months ended June 30, 2024:
Three months ended June 30, 2023:
Earnings per share
Yen
118.9035.71

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

Profit attributable toowners of parent
Millions of yen%
2,048 225.3
629–¥2,325 million [211.1%]¥747 million [–%]

Diluted earnings pershare
Yen
118.5835.69

Note: The Company conducted a stock split of common share at a ratio of 3-for-1 on April 1, 2024. “Earnings per share” and “Diluted earningsper share” are calculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.
(2) Consolidated financial position

As of June 30, 2024
As of March 31, 2024

Total assets
Millions of yen
162,215160,238

Net assets
Millions of yen
82,42682,363Equity ratio
%
50.5
51.1

Reference: Equity

As of June 30, 2024:¥81,972 million
As of March 31, 2024:¥81,900 million
Note: The Company has applied the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27) and relevant regulations fromthe beginning of the first quarter of the fiscal year under review, and each figure for the fiscal year ended March 31, 2024 is the figure
after applying the accounting standard and relevant ASBJ regulations.
2. Cash dividends
Annual dividends per share

Fiscal year ended March 31, 2024
Fiscal year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen–

Yen–

Yen
393.00

Yen393.00

45.00

–

45.00

90.00Fiscal year ending March 31, 2025 (Forecast)

Total

Notes: 1. Revisions to the cash dividend forecasts most recently announced: Yes
2. The Company conducted a stock split of common share at a ratio of 3-for-1 on April 1, 2024. The amounts shown for the dividends
for the fiscal year ended March 31, 2024 are the actual dividend amounts before the share split.
3. The Company had provided only the fiscal year-end dividend as a once-per-year dividend up until now. However, to enhance theopportunities for the distribution of profits to shareholders, the Company will also provide an interim dividend effective the fiscalyear ending March 31, 2025. At the 16th Annual General Meeting of Shareholders held on June 27, 2024, a partial amendment to theArticles of Incorporation was approved and adopted, allowing the Company to provide an interim dividend with a record date ofSeptember 30 each year by resolution of the Board of Directors. No changes have been made to the total amount of annual dividends
announced on May 14, 2024.

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3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Net sales
Millions of yen

Full year

12,800Operating profit%(0.9)

Millions of yen

5,800

Ordinary profit%(33.6)

Millions of yen

7,200%(31.7)

Profit attributable toEarnings per shareowners of parent
Millions of yen
Yen%
5,200 (31.1)
301.88

Note: Revisions to the consolidated earnings forecasts most recently announced: Yes
4. Notes(1) Significant changes in the scope of consolidation during the period:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:
Yes
Changes in accounting policies due to other reasons:No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No(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
17,784,210 shares As of March 31, 2024
17,784,210 shares
Number of treasury shares at the end of the period
As of June 30, 2024
558,678 shares As of March 31, 2024
558,549 shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024
17,225,613 shares Three months ended June 30, 2023
17,633,637 shares
Note: The Company conducted a stock split of common share at a ratio of 3-for-1 on April 1, 2024. “Total number of issued shares at theend of the period,” “Number of treasury shares at the end of the period,” and “Average number of shares during the period” arecalculated on the assumption that said splitting of shares had been made at the beginning of the previous fiscal year.
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an
audit corporation: No* Proper use of forecasts of financial results, and other special matters
Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to theCompany and certain assumptions deemed reasonable. Consequently, any statements herein do not constitute assurances regarding actual
results by the Company. Results may differ materially from the consolidated forecasts due to various factors.

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Quarterly consolidated financial statements and significant notes thereto(1) Quarterly consolidated balance sheets
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Costs on construction contracts in progress
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assetsProperty, plant and equipment
Buildings and structures, netMachinery, vehicles, tools, furniture and fixtures,
netAircraft, netLand
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

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

16,18816,70565,55765,852

138
1,247
3,274
(5)
86,400201
1,549
4,257(6)88,559

6,133

6,111

3,064

3,067

833
14,9562,543
344
27,875
1,248

912
14,9562,425
179
27,652
1,254

3,542
37,699
2,696
791
(15)
44,71473,838160,238

3,959
38,037
1,944
821
(15)
44,74873,655
162,215

As of March 31, 2024
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Lease liabilities
Income taxes payable
Advances received on construction contracts inprogress
Unearned revenue
Provision for bonuses
Provision for warranties for completed construction
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors (andother officers)
Retirement benefit liability
Asset retirement obligations
Negative goodwill
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

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

20,947

19,189

9,750
4,425
960
572
3,618

17,150
4,212
960
537
351

5,818

7,972

2,399
2,261
65
1,674
6,631
59,126

2,552
1,093
59
1,702
6,629
62,411

2,250
9,754
2,241
137
1,474

2,115
8,804
2,148
–
1,474

725

699

1,921
133
54
56
18,74877,874

1,902
133
49
50
17,377
79,7895,311
10,54861,576(1,050)76,386

5,311
10,54861,368(1,050)76,177

2,407
976
1,530
598
5,513
1
462
82,363
160,238

2,713
976
1,530
575
5,795
1
452
82,426
162,215

(2) Quarterly consolidated statements of income (cumulative) and quarterly consolidated statements ofcomprehensive income (cumulative)
Quarterly consolidated statements of income (cumulative)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Rental income
Amortization of negative goodwill
Share of profit of entities accounted for using equity
methodSubsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of shares of subsidiaries and associates
Subsidy income
Total extraordinary income
Extraordinary losses
Loss on tax purpose reduction entry of non-current
assetsTotal extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Three months ended
June 30, 2023
31,312
28,264
3,048
2,694
354

5(Millions of yen)Three months ended
June 30, 2024
32,85627,449
5,406
2,922
2,483

31
37
5

40
39
5478

178

178
28
761

335
19619

93
131
35261
853

86
136
34
256
2,846

–
4
450–500–0857
155
1157
699
70629

–
2,896
278
573
852
2,043
(4)
2,048

Quarterly consolidated statements of comprehensive income (cumulative)
Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

699

6(Millions of yen)Three months ended
June 30, 2024
2,043

45(7)

103(21)

9200

47
747

281
2,325

677

2,329

69(4)

Notes regarding segment information, etc.
I For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information on the amounts of net sales and profit or loss for each reportable segment and information on
disaggregation of revenue(Millions of yen)
Reportable segments
Others(Note)

SteelConstruction

CivilEngineering

Architecture

Solution

90

26

15216

348

859

1,208

13,279

8,542

6,054

1,380

29,257797

30,054

13,370

8,568

6,070

1,596

29,605

1,657

31,263

7

12–

–

20

29

49

13,377

8,581

6,070

1,596

29,625

1,686

31,312

85

90–

103

280

37

317

13,463
(175)

8,671
214

6,070
569

1,700
613

29,906
1,221

1,724
(178)

31,630
1,043

Net sales
Goods transferred at a point intime
Goods transferred over time
Revenue from contracts withcustomers
Other income
Revenues from externalcustomers
Transactions with othersegments
Total
Segment profit (loss)

Total

Total

Note: The “Others” category is a segment containing the businesses not included in the reportable segments, and it includes
businesses related to aviation, real estate transaction and leasing, etc.

2. Difference between the total amount of profit or loss of the reportable segments and the amount recordedin quarterly consolidated statements of income, and description of said difference (comparabilityadjustment)(Millions of yen)
ProfitAmountReportable segments total
Loss from “Others”
Elimination of intersegment transactions
Company-wide expenses (Note)
Other adjustments

1,221(178)
(79)
(713)
103

Operating profit in the quarterly consolidated statements of354
incomeNote: Company-wide expenses are mainly general and administrative expenses, which are not attributable to the reportablesegments.

3. Information about impairment losses of non-current assets or goodwill, etc. for each reportable segment
Not applicable.

7

II For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on the amounts of net sales and profit or loss for each reportable segment and information on
disaggregation of revenue(Millions of yen)
Reportable segments

Net sales
Goods transferred at a point intime
Goods transferred over time
Revenue from contracts withcustomers

Civil
Engineering

Architecture

Solution

46–

39174

259

934

1,194

16,116

9,900

3,214

1,504

30,735881

31,617

16,163

9,900

3,253

1,678

30,995

1,816

32,811

7

9––

17

27

44

16,170

9,909

3,253

1,678

31,012

1,843

32,856

200

99

150

351

54

406

16,371
1,630

10,008
1,044

3,254
117

1,728
650

31,363
3,441

1,898(191)

33,262
3,250

Other income
Revenues from externalcustomers
Transactions with othersegments
Total
Segment profit (loss)

Others(Note)

Steel
Construction

Total

TotalNote: The “Others” category is a segment containing the businesses not included in the reportable segments, and it includes
businesses related to aviation, real estate transaction and leasing, etc.

2. Difference between the total amount of profit or loss of the reportable segments and the amount recordedin quarterly consolidated statements of income, and description of said difference (comparabilityadjustment)(Millions of yen)
ProfitAmountReportable segments total
Loss from “Others”
Elimination of intersegment transactions
Company-wide expenses (Note)
Other adjustments

3,441(191)
(68)
(862)
164Operating profit in the quarterly consolidated statements of
2,483
incomeNote: Company-wide expenses are mainly general and administrative expenses, which are not attributable to the reportablesegments.

3. Information about impairment losses of non-current assets or goodwill, etc. for each reportable segment
Not applicable.

8