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 Non-Consolidated Financial Results
for the Nine Months Ended April 30, 2024
(Based on Japanese GAAP)
June 7, 2024
Company name:Samco Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

6387
URL
President & COO

https://www.samco.co.jp

Inquiries:

Director, Executive Officer, Accounting andShozo MiyamotoAdministration

Tsukasa Kawabe

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

June 10, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

075-621-7841(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended April 30, 2024 (from August 1, 2023 to April 30, 2024)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Nine months ended April 30, 2024
Nine months ended April 30, 2023

Operating profit

Millions of yen
5,759
5,576

% Millions of yen
3.3
1,291
30.7
1,314

Earnings per share

Profit% Millions of yen
2.6
972
60.7
966

%
0.6
65.5

Diluted earnings per share

Yen
121.05120.36Nine months ended April 30, 2024
Nine months ended April 30, 2023

Ordinary profit% Millions of yen
(1.8)
1,384
73.1
1,349

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
15,866
14,795

As of April 30, 2024
As of July 31, 2023

Equity ratio

Millions of yen
11,751
11,144

Net assets per share
%
74.1
75.3

Yen
1,463.06
1,387.39

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended July 31, 2023

Yen–

Yen
0.00

Yen–

Yen
45.00

Yen
45.00

Year ending July 31, 2024

–0.00

–
45.00

45.00

Year ending July 31, 2024 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2024 (from August 1, 2023 to July 31, 2024)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
8,500

Operating profit% Millions of yen
8.5
1,990

Ordinary profit% Millions of yen
7.0
2,010

1Profit% Millions of yen
4.3
1,370

Earnings per share%
0.3

Yen
170.56

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of April 30, 2024

8,042,881 shares As of July 31, 2023

8,042,881 shares

10,441 shares As of July 31, 2023

10,405 shares

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

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

8,032,469 shares Nine months ended April 30, 2023

28,032,660 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2023

As of April 30, 2024

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

5,301,752
12,252

6,905,645–

Electronically recorded monetary claims - operating
Trade receivables and contract asset

182,574
2,489,827

125,109
1,540,059

Finished goods
Work in process–
1,741,835

67,083
1,957,410

Raw materials and supplies
Prepaid expenses

428,537
9,815

446,066
26,664

Other
Allowance for doubtful accounts

29,974(20,984)

80,559(20,688)

10,175,585

11,127,910

Total current assets3

(Thousands of yen)
As of July 31, 2023

As of April 30, 2024

Non-current assets
Property, plant and equipment
Buildings

1,113,037

1,117,699

Accumulated depreciation(824,645)(843,940)

Buildings, net

288,392

273,758

27,10027,100(25,093)(25,227)

2,007

1,873

StructuresAccumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net

689,649

771,795(670,345)(691,522)

19,30380,27256,31457,338(52,778)(48,593)

3,536

8,744

Tools, furniture and fixtures

256,030

278,823

Accumulated depreciation(233,988)(243,532)

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment

22,04235,291

3,453,567

3,453,567

50,790(50,790)

57,983(49,580)–

8,403

74,61190,867

3,863,459

3,952,778

2,962
1,402

2,962
10,969Intangible assets
Telephone subscription right
Software
Software in progress

–

5,000

Total intangible assets

4,364

18,932300,794
25,207

299,637
25,207

5,000

5,000

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in capital
Long-term loans receivable from subsidiaries andassociates
Deferred tax assets

12,1505,165

129,893

131,221

Guarantee deposits
Insurance funds

78,378199,206

79,047219,347

991

2,194

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

4751,621766,820

4,619,445

4,738,530

14,795,031

15,866,440

(Thousands of yen)
As of July 31, 2023

As of April 30, 2024

Liabilities
Current liabilities
Accounts payable - trade861,405

1,010,241

Short-term borrowings
Current portion of long-term borrowings

700,000
39,9961,000,000
39,996

Lease liabilities
Accounts payable - other–
126,249

1,939
128,701

Accrued expenses
Income taxes payable

43,846
411,448

47,830140,568

Contract liabilities
Deposits received

335,648
39,874

629,524
25,565

Provision for bonuses
Provision for bonuses for directors (and other officers)

25,50030,00061,70036,230

Provision for product warranties
Other

18,00044,06917,6009,932

Total current liabilities

2,676,039

3,149,828

Non-current liabilities
Long-term borrowings

103,343

73,346

Lease liabilities
Provision for retirement benefits–476,6406,464
480,521

Provision for retirement benefits for directors (and otherofficers)

394,752

403,686Other–

646

974,736

964,664

3,650,775

4,114,492

1,663,687

1,663,687

Legal capital surplus

2,079,487

2,079,487

Total capital surplus

2,079,487

2,079,487

59,50059,5004,367,000
2,837,418

4,367,000
3,448,337

7,263,918

7,874,837

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity(13,453)(13,656)

10,993,640

11,604,354

150,615

147,593

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

5

150,615

147,593

11,144,255

11,751,948

14,795,031

15,866,440

Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months endedApril 30, 2023

April 30, 2024

Net sales
Cost of sales

5,576,672
2,784,942

5,759,277
2,906,665

Gross profit

2,791,730

2,852,611

Selling, general and administrative expenses

1,476,975

1,560,901

Operating profit

1,314,754

1,291,710

Interest income
Dividend income

225
21,708159
2,660

Foreign exchange gains
Rental income

1,189
8,557

77,3898,333

Subsidy income
Miscellaneous income

1,904
4,066

1,822
6,259

Total non-operating income

37,65096,624

3,146

3,337

00

Non-operating income

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

3,146

3,337

Ordinary profit

Total non-operating expenses

1,349,258

1,384,997

Profit before income taxes

1,349,258

1,384,997

Income taxes

382,382

412,618

Profit966,876

972,3796