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:

YAMAZEN CORPORATION

Stock exchange
listing:
Stock code:

Tokyo8051

URL https://www.yamazen.co.jp/

Representative:
Inquiries:

President and CEO
Director, Executive Officer,
President of Corporate Administration H.Q.
Scheduled date to commence dividend payments:

Koji KISHIDA

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

Yes
Yes

Masamichi YAMAZOE

TEL 06-6534-3003-(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
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2024
118,577-1.2
870 -64.5
1,132 -57.3
642 -59.1
Three months ended June 30, 2023
119,957-5.4
2,452 -27.9
2,649 -25.0
1,569 -30.7
Note: Comprehensive income

For the three months ended June 30, 2024: 2,901 million [-49.1%]
For the three months ended June 30, 2023: 5,704 million [38.2%]
Earnings per share

Diluted earnings per share

Yen
7.24
17.66

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

Yen
6.61
16.19

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
288,741
294,973

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

Equity ratio

Millions of yen
131,869
132,617

Net assets per share%
45.2
44.6

Yen
1,481.85
1,480.16

Reference: Equity
As of June 30, 2024: 130,652 million
As of March 31, 2024: 131,508 million
2. Cash dividends
Annual dividends per share
1st quarter-end
Year ended March 31, 2024
Year ending March 31, 2025

2nd quarter-end

3rd quarter-end

Yen

Yen

Yen

Yen

Yen-20.00-30.00

50.00

20.00

-31.0051.00

Year ending March 31, 2025 (Forecast)Fiscal year-end

Total

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

Six months ending
September 30, 2024
Full year

Operating profit

Earnings pershare

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%Yen

255,000

2.5

4,300

-11.7

4,300

-18.9

2,800

-14.5

31.51530,000

4.6

12,00021.4

12,000

15.0

7,600

17.1

85.54

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Notes(1) Significant changes in the scope of consolidation during the period:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

None
None

(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:
Changes in accounting estimates:
Restatement of prior period financial statements:NoneNone
None(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

95,305,435 shares As of June 30, 2023

95,305,435 shares

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

7,136,553 shares As of June 30, 2023

6,458,153 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024
88,677,682 shares Three months ended June 30, 2023
88,843,463 shares
Note: The company has introduced Board Benefit Trust (BBT). Number of treasury shares at the end of the period include the Company’s shares
held by Board Benefit Trust (BBT) (176,100 shares as of June 30, 2024, 176,100 shares as of March 31, 2024). In addition, number of treasury
shares excluded for calculating the average number of shares during the period include the Company’s shares held by Board Benefit Trust (BBT)(176,100 shares for the three months ended June 30, 2024, 180,000 shares for the three months ended June 30, 2023).

* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit
firm: None
* Proper use of earnings forecasts, and other special matters
The forward-looking statements regarding future performance in this material are based on information currently available to the Company andcertain assumptions that the Company deems to be reasonable at the time this report was prepared. Therefore, the Company does not makepromises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

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