Consolidated Financial
Results for the Fiscal Year
Ended March31, 2024
・Summary of Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
・ Medium-Term Management Plan 2027

May 29, 2024

Summary of Consolidated
Financial Results for the Fiscal
Year Ended March 31, 2024

1

Fiscal Year Ended March 31, 2024 - Summary of Results (Year-on-Year Comparison)• Net sales, operating profit, and ordinary profit were at record highs.
• Operating profit and ordinary profit increased significantly due to progress in improving selling prices inbond business, which had been delayed, and construction business performing strongly.
• Profit attributable to owners of parent increased by about 45% excluding the gain on sales of fixed assets(4,989 million yen after tax) that occurred in the fiscal year ended March 31, 2023.
Year-on-year
basis

Relativechange fromPlan

132,969+ 7.8%+ 3.1%

7,421

10,286+38.6%+10.6%

7,927

10,806+36.3%+11.4%

7,344-26.8％+18.5%

Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

123,339

Operating profit
Ordinary profit

Net sales

Profit attributableto owners of parent*

10,032* Excluding gain on sales of fixed assets
Profit attributable to owners of parent 5,043 million yen

2(Unit: million yen)

Fiscal Year Ended March 31, 2024 - Main Causes for Changes in Operating Profit(Unit: Million yen, % in () comparison withthe previous year)

Bond profits increased significantly due to the improvement of sales prices, despite acontinued decrease in sales volume and rises in raw materials costs.
Construction profits grew, boosted by strong performance of Group companies.

+2,865(+38.6%)

Decrease in profits
due to decrease in

7,421

Bond sales
volume, etc.

B -1,140
Adjustment -15

Increase of
raw materials
costs
B -643

Increase of
SG&A
B -259K -44
C -25
Others +110
Adjustments +9

Fiscal year ended
March 31, 2023
Full term

Increase of Increase in grossprofit ofmanufacturing
Chemicals
and
costs
B -84

Construction
businesses
K + 94
C +663

B is Bond, K is Chemicals, and C is Construction

Sales
Price
increases

10,286
B +2,073
K +B +4,199

50

C + 637
Others 121
Adjustment -18

Fiscal year ended
March 31, 2024
Full term3Consolidated Financial Results by Segment (Year-on-Year Comparison)
Net sales

Operating profit• Bond: Increase due to transfer to product sales prices• Chemicals: Increase as sales to automotive field were strong• Construction: Repair, renovation, and reinforcement work madesteady progress• Bond: Significant increase due to improvement ofsales prices• Chemicals: Operating profit increased due to higher
sales• Construction: Increase due to strong performance ofGroup companies

132,969 (+7.8%)
123,339
Construction

Chemicals

Bond

21,857

19,514

34,674

68,968

10,286 (+38.6%)(+12.0%)2,244 (+39.7%)

39,305 (+13.4%)

7,421
Construction

1,606

Chemicals

1,265

71,627 (+3.9%)2024.32024.31,315 (+4.0%)

6,609 (+45.7%)
Bond2023.32023.3(Unit: million yen)

4,536

2023.32023.32024.32024.3

4

[Segment of Bond] Net sales by industry
Wall Bond Industry Co., Ltd. (Group)(Unit: Million yen, % in () comparison with the previous year)

71,627

Including internal transactions.

68,968
2,754
9,343
2,543

13,372(+3.9%)

Adhesive for wallcoverings increased due to price increase

3,108(+12.9%)9,628(+3.1%)

Weather-resistant sealants for residential use made steady progress
Vehicle-related products were strong

2,480(-2.5%)

Konishi Civil Eng. works-related

14,158Sunrise Corporation (Group)(+5.9%)

Surface protection materials to prevent concrete and other materials from falling
off decreased due to fewer large projects.
Sealants for civil engineering use were strong
Konishi Construction

3,398
8,257

3,556

(+4.6%)

Sealants for construction use were strong

8,680(+5.1%)

Konishi Adhesive tapes
Industrial applications performed steadily
Konishi Industrial materials

21,46022,155(+3.2%)

Although paper-related products were sluggish, sales of automotive and electronicand electrical products were strong

Konishi Housing related

6,162

6,569

Increase due to improvement of sales prices of adhesives forinteriors and building materials(+6.6%)
Konishi Consumer

2023.32023.32024.32024.3

Net sales in the HC and CVS market performed well5

[Segment of Chemicals] Net sales by industry(*Net sales after the application of revenue recognition)[34,674]

64,953
16,048
3,769
4,119
7,312

8,884

[39,305]

Net sales of this segment are presented before the application of revenue
recognition because of the significant impact of the application of the revenue
recognition standards.

[+13.4%]

67,033(+3.2%)

14,955(-6.8%)(Unit: Million yen, % in () comparison with the previous year)
Including internal transactions.

Maruyasu & Co., Ltd. (Group)
Materials for capacitators were weak

3,500
4,025

OthersKonishi Painting material(-2.3%)

Performed weakly due to reduced demand

7,663(+4.8%)

8,103(-8.8%)

Konishi Electric and electronics
Despite a decrease in smartphones and personal computers, sales
grew due to steady performance of other products

Konishi Chemical products

23,76527,484Resin raw materials were sluggish due to the economic slowdown in
China(+15.6%)

Konishi Automotive
Gross profit grew largely due to increased sales of products forhybrid vehicle parts

2023.32023.32024.32024.3

6

[Segment of Construction] Breakdown of net sales of affiliates(Unit: Million yen, % in () comparison with the previous year)
Including internal transactions.

21,857
19,514

539
3,273
1,206
1,597

(+12.0%)1,717(+218.1%)

4,745(+45.0%)Chushin Construction Co., Ltd. (Group)
Net sales increased because the company became a consolidated
subsidiary in January 2023

Kakumaru Kensetsu Co., Ltd. (Group)
Contracted works progressed well

1,547
1,717

(+28.3%)(+7.5%)

Kinki Reinforced Concrete Co., Ltd. (Group)
Contracted works progressed well

Konishi Koei Co., Ltd. (Group)

12,916

Public works performed well

12,718(-1.5%)

Bond Engineering Co., Ltd. (Group)
Sales increased in construction although sales decreased due toinventory sales in the fiscal year ended March 31, 2023
Repair, improvement, and reinforcement works for bridges and othersocial infrastructure were strong
Fiscal year 2023.3
ended March 31,
2023

Fiscal year2024.3
ended March 31,
2024

7

Medium-Term
Management Plan
2027

8

Medium-Term Management Plan 2026 Review of Numerical Targets
The operating profit target of Medium-Term Management Plan 2026 was achieved in the first year of theplan, the fiscal year ending March 31, 2024 so we formulated Medium-Term Management Plan 2027.

Target for year ending
March 31, 2026
(Medium-Term
Management Plan 2026)
140.8 billion yen (+14.1%)

Net sales
Operating profit

9.7 billion yen (+30.9%)

EBITDA

12.9 billion yen (+34.5%)(Operating profit and depreciation andamortization of goodwill)(Depreciation and amortization of goodwill:

ROE

8.0 %

Capital expenditure15.0 billion yen

Shareholder return(Total dividends + total repurchase of treasury
shares)Result for the fiscal year
ended March 31, 2024
Net sales

132.9 billion yen

Operating profit

10.2 billion yen

EBITDA(Operating profit and depreciation andamortization of goodwill)12.3 billion yen(Depreciation and amortization of goodwill:

about 2.0 billion yen)

about 3.2 billion yen)

ROE
Capital expenditure(cumulative over 3 years)

12.0 billion yen(cumulative over 3 years)

Shareholder return(Total dividends + total repurchase of treasury
shares)9.4 %11.7 billion yen(cumulative over past 3 years)

12.6 billion yen(cumulative over past 3 years)

In the fiscal year ended March 31, 2024, ROE increased significantly due to a significant increase inprofits from improvement of sales prices in Bond business.

9Numerical Targets of Medium-Term Management Plan 2027
Fiscal year ended
March 31, 2024

Fiscal year ending March 31, 2027
(Compared with fiscal year ended March 31, 2024)

Net sales

132.9 billion yen

Net sales

150.0 billion yen (+12.8%)

Operating profit

10.2 billion yen

Operating profit

11.5 billion yen (+12.0%)

EBITDA

12.3 billion yen(Operating profit and depreciation andamortization of goodwill)

ROE
Capital expenditure
Shareholder return(Total dividends + total repurchase oftreasury shares)(Depreciation and amortization of goodwill:

about 2.0 billion yen)

EBITDA(Operating profit and depreciation andamortization of goodwill)

14.5 billion yen (+17.0%)(Depreciation and amortization of goodwill: about 3.0 billion yen)

9.4 %

ROE

11.7 billion yen

Capital expenditure15.0 billion yen (cumulative over 3 years)

Shareholder return12.0 billion yen (cumulative over 3 years)(cumulative over past 3 years)

12.6 billion yen(cumulative over past 3 years)(Total dividends + total repurchase of treasury
shares)9.0 %Priority strategies
Bond

New development of the non-housingarea
Chemicals Strengthening of sales to automotive andelectronics/electrical industries
Construction Focus on construction work for aging
social infrastructure

We will aim for record highs for both net sales andoperating profit!
10

Business strategies - Bond business (manufacturing) - of Medium-Term
Management Plan 2027
[1] Promotion of the new development of industrial applications ~Strengthening of the non-housing area ~Net sales by application(Unit: billion yen)

71.6

・ Develop sealing materials and adhesives for the electronics, electrical and automotive
industries to develop new markets and increase market share.

80.8 (+12.8%)
4.3(+37.2%)

Wall Bond Industry
Co., Ltd.
(Group)

We will expand business areas and aim to increase
sales by 1.3 billion yen (2027.3).

3.1

10.8

(+12.3%)Sunrise Corporation

9.6

2.9

(+16.1%)

Konishi Civil Eng.
works

[2] Promotion of initiatives to extend the life of social infrastructure andbuilding stock
・Deepening of the repair market and promotion of the development of new products and new
construction methods for civil engineering construction and repairs
・Increase in market share of sealants for construction (from about 40% to 45%)

2.5

15.8

(+11.7%)

KonishiConstruction

4.0(+12.4%)

Konishi Adhesive
tapes

10.0

(+15.4%)

Konishi Industrial
material

14.2
3.6

8.7

(Group)Civil engineering: Sales increase of 0.4 billion yen (2027.3)
Sealing materials for construction: Sales increase of 1.1 billion
yen (2027.3)
Building repair materials, etc.: Sales increase of 0.5 billion yen(2027.3)[3] Further expansion of sales in housing-related fields, our existingcore industry

24.7(+11.3%)6.6

7.3(+10.4%)2024.32024.32027.32027.3

22.2

Konishi Housing
relatedKonishi Consumer

・Aiming to increase market share of adhesives for glued laminated wood, tiles, etc., in theindustry.
・Sunrise Corporation
Expansion of sales of sealing materials for housing
・Wall Bond Industry Co., Ltd.
Expansion of sales of adhesives for wallcoverings

Housing-related: Sales increase of 4.6 billion yen (2027.3)
Including Sunrise residential (+0.9 billion yen), Wall Bond Industry(+1.2 billion yen)11

Business strategies - Chemicals business (trading business)- of Medium-Term Management Plan 2027

Net sales of this segment are presented before the application ofrevenue recognition because of the significant impact of theapplication of the revenue recognition standards.

Net sales by industry(*Net sales after the application of revenue recognition)[42.6][+8.5%][1] Strengthening of sales to focus areas

77.5 (+15.7%)[39.3]

67.0
14.9
3.4

4.0

18.0

(+20.4%)

0.8
3.3
4.5

(-1.1%)(+12.7%)

9.4(+22.5%)9.4(+15.5%)

7.7
8.1

27.5

30.0

2024.32024.32027.32027.3(+ 8.9%)Maruyasu & Co., Ltd.
(Group)Internally developed
products
OthersKonishi painting
material
Konishi electric andelectronics

Konishi chemical
products

Konishi automotive

・ Promotion of new development and deep cultivation in the automotive
and electronic and electrical industries◇ Expansion of sales of new products for HVs and EVs, and heatdissipation materials◇ Strengthening of sales of semiconductor-related products◇ Maruyasu: Expansion of sales of capacitor products
For the automotive and electronic and electrical industries:
Sales increase of 6.6 billion yen (2027.3)
Including Maruyasu for electronics and electric (+2.4 billion yen)

[2] We will shift to “trading company with manufacturer function”
・ Launch and expansion of sales of internally-developed products◇ Development of high hear-resistant and heat-dissipating type resinmaterials for the automotive and electronic and electrical industries◇ Development of paint and coating materials
The company will aim for an increase in sales of 0.8 billion
yen (2027.3) with internally developed products through thepromotion of internal development and market introductions.

(Unit: billion yen)12

Business strategies - Construction business (construction) - of MediumTerm Management Plan 2027
Net sales by affiliates(Unit: billion yen)

21.8
1.7

4.7
1.5
1.7

12.7

27.1 (+24.2%)
2.0(+16.5%) Chushin Construction

5.6(+18.4%) Kakumaru Kensetsu

1.8
2.0

15.7

Kinki Reinforced(+16.4%) Concrete(+17.9%) Konishi Koei

[1] Expansion of business in the repair market(civil engineering repair fields)◇It is forecast that about 55% of bridges will be at least 50 years old in 2030.
・ Centered on Bond Engineering Co., Ltd., the company will focus on
construction to address aging social infrastructure for the further expansionof business.

[2] Building of a system aimed at the expansion of businessscale
・ We will focus on the strengthening of recruitment of qualified
personnel such as civil engineering construction management
engineers.
・ We will promote the acquisition of qualifications throughinternal development.

(+23.4%) Bond Engineering[3] Expand business by M&A
・ In social infrastructure repair, renovation and reinforcement business, we will promote M&A
that can demonstrate synergistic effects in the bridge sector, where repair demand is
expected in particular

Fiscal year ended March 31,
2024.32024

Fiscal year ending March 31,
2027.3
2027

Results for M&A
2013: Kinki Reinforced Concrete Co., Ltd.: Top slab work for bridges, etc.
2017: Kakumaru Kensetsu Co., Ltd.: Civil engineering and construction
2020：Izumi Corporation (absorbed by Kakumaru Kensetsu)
2020: Sansho Construction Incorporated (absorbed by Bond Engineering)2023: Chushin Construction Co., Ltd.: Civil engineering and construction

13Medium-Term Management Plan
2027 Capital Policy

14Mid-term Management Plan 2026 Review of Capital Policy(i) Repurchase of treasury shares○ Under the capital policy of Medium-Term Management Plan 2026, we planned toacquire 6.0 billion yen of treasury stock over the three-year period from April 2023
to March 2026 as part of shareholder returns.
The acquisition of treasury stock in the fiscal year ended March 31, 2024, the firstyear of the policy, was as follows.
(1) Total number of shares repurchased
5,704,100 shares*(2) Total purchase price for repurchase of shares About 6.7 billion yen(3) Method of acquisition
ToSTNeT-3 and open
market purchase(ii) Cancellation of treasury shares(1) Total number of shares cancelled(2) Cancellation date

Medium-Term
Management Plan 2026

[Medium-Term Management Plan 2026 disclosed
on May 26, 2023]* Number of shares after stock split adjustment

11,000,000 shares*(13.5% of the total number of outstanding shares before cancellation)
October 13, 2023
* Number of shares after stock split adjustment(iii) Implementation of stock split○ The Board of Directors resolved to implement a stock split for the purpose of expanding investor base andimproving stock liquidity (November 21, 2023)(1) Method of stock split
2-for-1 stock split(2) Record date
December 31, 2023
(3) Effective date
January 1, 2024

15

Medium-Term Management Plan 2027 Fund allocation plan
In addition to the capital expenditure required for growth, we will implement shareholder returns
through stable dividends Fundand therepurchaseof treasury
shares.
allocationplan(3 years)
Cash out

Cash in

Capital expenditure
About 15.0 billion yen

Growth investments aimed atbusiness expansion andgreater efficiency
Production

Logistics

DX (core systems)

Operating cash flow
30.0
billion yen
About

Shareholder return
About 12.0 billion yen

Repurchase of treasury shares
About 5.0 billion yen
Dividends about 7.0 billion yen
Dividend payout ratio 30%

Future growthinvestment quota
About 3.0 billion yen

Strengthening of the financial basefor future growth investments
Promotion of rationalization in
the medium to long-term* We plan to use cash on hand to finance M&A.
* We repurchased about 6.7 billion yen of treasury stock in the fiscal year ended March 31, 2024.
* In principle, the company is planning to cancel the repurchased treasury shares.
* This is an illustration of fund allocation over three years and does not include the impact of changes in working capital.

16

Capital expenditure of Medium-Term Management Plan 2027
~ We will implement our largest ever capital expenditurecontinuously ~We will promote production rationalization and DX

About 15.0 billion yen
cumulatively over 3 years(* Including capital expenditure other than thatshown below)[1] Strengthening of production and logistics systems○ Construction of a new manufacturing plant and logistics warehouse at Konishi Tochigi Plant (scheduled
to start in April 2025)

・BCP measures through conversion to a two site system for water-based adhesive (currently only Shiga
Factory) and improvement of product supply efficiency for eastern Japan・Introduction of automatic systems for production, filling packages, in stock & outgoing (cost reductions throughlabor saving)○ Promotion of the rationalization of production at Konishi Shiga Factory
・We will review production processes and equipment to improve production efficiency (increased production
volume, cost reductions)○ Expansion and upgrading of sealant production facilities at Sunrise (scheduled to start operation at any timeby April 2026)
・Introduction of production equipment and expansion of existing equipment (improvement of production

About 10.5
billion yen

efficiency and cost reductions through labor saving)○ Construction of a new distribution warehouse for Wall Bond Industry Co., Ltd. (scheduled to be in operationin July 2025)

・Introduction of automatic systems for in stock (cost reductions through labor saving)[2] Promotion of DX○ Introduction of new core system (scheduled for introduction in April 2025)
・ Introduction of an efficient, rational system in consideration of current issues and the business environment

About 1.5
billion yen

17

Dividend Policy
The company’s policy is to pay continuous and stable dividends maintaining a consolidated dividend
payout ratio of 30% or more, while taking into account the results of each fiscal year.

Dividend
policy[Annual dividends per share and consolidated payout ratio]
28.5

29.1

30.3

30.5

30.0

30.0

30.0

2026.32027.3(Unit: Yen)

40
20.4

35
30

19.5

20.4

20.1

20.6

21.4

Note 4:

17.4

17.9

17.2

33

15.8

33

25
20
15

6

2011.32012.3

7

7.5

7.5

2013.32014.32015.312

13

13

2018.32019.322

Note 2:

Stock split

6

10

Stock split

10
5

18

Note 1:20

24.5 Note 3:0
2016.32017.32020.32021.32022.32023.32024.32025.3(Forecast) (Forecast)
Note 1) We implemented a 2-for-1 stock split as of 1st April, 2016. Annual dividends per share before FY March 2016 are stated after adjustments of the stock split.
Note 2) We implemented a 2-for-1 stock split as of 1st January, 2024. Annual dividends per share before December 31, 2024 are stated after adjustments of the stock split.
Note 3) Includes a commemorative dividend of 5 yen for the 70th anniversary of the launch of Bond
Note 4) The amount of the dividend is determined by excluding a gain on the sale of property amounting to 4,989 million yen (after tax), which is not directly related to business activities. The dividend
payout ratio after deducting this impact is 34.6%.

18

Disclaimer
Forecasts and other statements are based on information currently available to the company andcertain assumptions that the company considers reasonable. This material is not intended as asolicitation to invest. Investment decisions should be made at the user’s own discretion.

<IR Contact>
Corporate Planning department,
Konishi Co., Ltd.
TEL:06-6228-2877
E-mail:konishi-ir@bond.co.jp

Reference data

20

Plan for the Fiscal YearEnding March 31, 2025

21

Full-Term Results Plan for the Fiscal Year Ending March 31, 2025
・ We forecast that we will record increases in net sales
・ We will aim for record-high operating profit due to increased sales in bond and chemicals
businesses

Fiscal year ended
March 31, 2024
Full term

Fiscal year ending
March 31, 2025
Full term forecast

Net sales

132,969

139,000+ 4.5 %

Operating profit

10,286

10,700+ 4.0 %

Ordinary profit

10,806

11,000+ 1.8 %

7,344

7,400

+ 0.8 %

12,361

13,055+ 5.6 %

Profit attributableto owners of parent
EBITDA(Operating profit and depreciation andamortization of goodwill)

Year-on-year
basis(Unit: million yen)

22

Full Term Plan by Segment for the Fiscal Year Ending March 31, 2025 (Consolidated)
Net sales

Operating profit

・ We forecast increases in the net sales of Bond,
Chemicals and Construction businesses

139,000(+ 4.5%)

132,969
Construction

21,857

24,100 (+10.3%)(Unit: Million yen, % in () comparison with the previous year)

・ Bond profits are expected to increase due to theimprovement of sales volumes.
・ Profits from Chemicals are expected to increase due to theimprovement of profit margins.
・ Construction business profit is expected to decrease due tothe impact of the change in accounting standards of Chushin
Construction.

10,286
ChemicalsBond39,30540,000 (+1.8%)

71,62774,700 (+4.3%)

2024.32024.32025.32025.3

10,700(+4.0%)

2,100 (-6.4%)

Construction

2,244

Chemicals

1,315

Bond

6,609

7,000 (+5.9%)2024.32024.32025.32025.3

1,460 (+11.0%)

23

Medium-Term Management Plan
2027
About the numerical targets bysegment24

Medium-Term Management Plan 2027 Numerical targets by segment
Net sales(Unit: billion yen)

132.9
Construction

Operating profit

150.0
27.2

Bond

(Unit: billion yen)

11.5 (+12.0%)(+24.2%)

21.9

10.2
42.6

Chemicals(+ 12.8%)(+8.5%)

Construction

71.6

2024.32024.32027.32027.3(+12.8%)(+8.5%)

1.6(+ 24.4%)

7.3(+10.4%)

2.2

39.3

80.8

2.4

Chemicals

1.3

Bond

6.6

2024.32024.32027.32027.325