Disclaimer: This document is an English translation of the original Japanese document and has been preparedfor reference purposes only. In the event of any discrepancy between the English translation andthe original Japanese document, the latter shall prevail.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]May 14, 2024
Company name: KATO WORKS CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 6390
URL: https://www.kato-works.co.jp
Representative: Kimiyasu Kato, President and Representative Director
Contact: Hidetada Yanagihara, Executive Officer and General Manager, Finance Control Department
Phone: +81-3-3458-1130
Scheduled date of general shareholders’ meeting: June 27, 2024
Scheduled date of commencing dividend payments: June 28, 2024
Scheduled date of filing securities report: June 28, 2024
Availability of supplementary briefing materials on annual financial results: Available
Schedule of annual financial results briefing session: Not scheduled(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2024
57,498
(0.1)
1,654
31.4
2,575
38.1
4,235
76.3
March 31, 2023
57,530(9.5)
1,258–
1,865–
2,403–(Note) Comprehensive income: Fiscal year ended March 31, 2024: ¥5,230 million [88.3%]
Fiscal year ended March 31, 2023: ¥2,777 million [–%]
DilutedRatio ofRatio of
Basic earnings
Return onearnings
ordinary profit operating profit
per share
equityper share
to total assets
to net sales
Fiscal year endedYenYen%%%–March 31, 2024
361.498.8
2.5
2.9March 31, 2023
205.09
–
5.4
1.9
2.2
(Reference) Equity in earnings of affiliated companies:
Fiscal year ended March 31, 2024: ¥92 million
Fiscal year ended March 31, 2023: ¥42 million(2) Consolidated Financial Position
Total assets

Net assets

Million yen

105,330
As of March 31, 2024
98,799As of March 31, 2023
(Reference) Equity: As of March 31, 2024: ¥50,414 million
As of March 31, 2023: ¥45,689 million

1

Equity ratio

Net assets per share

Million yen%

Yen

51,551
46,90647.9
46.2

4,302.82
3,899.40

(3) Consolidated Cash Flows
Cash and cash
equivalents
at year-end

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

Million yen(696)
6,471

1,627
1,369

1,401
(6,606)22,366
19,977

Fiscal year ended
March 31, 2024
March 31, 2023
2. Dividends
1stquarterend
Yen

Annual dividends
2nd
3rdYearquarter- quarterend
end
end
Yen

Yen

Yen

Total
Yen

Total
dividends(annual)Payout ratio(consolidated)

Ratio ofdividends tonet assets(consolidated)%%

Million yen

Fiscal year ended
–
0.00
–
30.00
30.00
351
14.6
0.7
March 31, 2023
Fiscal year ended
–
20.00
–
45.00
65.00
761
18.0
1.5
March 31, 2024
Fiscal year ending
March 31, 2025––––––(Forecast)(Note) We are now examining the impact of the fundamental readjustments of our businesses assuming therationalization of two subsidiaries in China, including the negotiation regarding the dissolution andliquidation of the joint venture (subsidiary) which is engaged in the mini excavator business in China, on
the dividends of the fiscal year ending March 31, 2025. The dividends of such fiscal year are to be
determined as the impact is difficult to reasonably estimate it at this moment.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 March 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating profit
Ordinary profit
to owners ofper shareparent
Million yen%

Million yen%

Million yen%

Million yen%

Full year
70,000 21.7
2,100 27.0
1,500 (41.8)––(Note) We are now examining the impact of the fundamental readjustments of our businesses assuming therationalization of two subsidiaries in China, including the negotiation regarding the dissolution andliquidation of the joint venture (subsidiary) which is engaged in the mini excavator business in China, on
the profit attributable to owners of parent of the consolidated financial results forecast for the fiscal year
ending March 31, 2025. The profit attributable to owners of parent of the forecast will be published assoon as the impact is known as it is difficult to reasonably estimate it at this moment.

2Yen–* Notes:(1) Changes in significant subsidiaries during the fiscal year under review: None
(Changes in specified subsidiaries resulting in changes in scope of consolidation)
Newly included: – (), Excluded: – ()(2) 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
(3) Total number of shares issued and outstanding (common stock)1) Total number of shares issued and outstanding at the end of the year (including treasury shares):
March 31, 2024:
11,743,587 shares
March 31, 2023:
11,743,587 shares2) Total number of treasury shares at the end of the year:
March 31, 2024:
March 31, 2023:
3) Average number of shares during the year:
Year ended March 31, 2024:
Year ended March 31, 2023:

26,853 shares
26,508 shares

11,716,934 shares
11,717,130 shares

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(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31,2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
ProfitYear endedMillion yen%
Million yen%Million yen%
Million yen%March 31, 2024
51,190
0.4
2,022
16.2
4,152
71.8
6,054
64.9
March 31, 2023
50,974
(6.3)
1,741
–
2,417
–
3,672
–

Year ended
March 31, 2024
March 31, 2023

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

516.76313.45––(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2024
92,228
As of March 31, 2023
84,584(Reference) Equity: As of March 31, 2024: ¥43,256 million
As of March 31, 2023: ¥37,696 million

Equity ratioNet assets per share

Million yen%

Yen

43,256
37,69646.9
44.6

3,691.86
3,217.25* These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
* Explanation on the proper use of financial results forecast and other notes
The financial results forecast and other forward-looking statements described herein are based on the information
currently available to the Company and certain assumptions that the Company considers reasonable, and actual
financial results may significantly differ from the forecast and statements due to various factors.
For the assumptions underlying the financial results forecast and the notes on the use of the financial results
forecast, please see “(4) Future Outlook” under “1. Overview of Operating Results, etc.” on page 5 of theAttachment.

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