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September 5, 2024

Consolidated Financial Results
for the Three Months Ended July 31, 2024
(Under Japanese GAAP)
Company name:ROCK FIELD CO., LTD.
Listing:
Tokyo Stock Exchange
Securities code:
2910
URL:
https://www.rockfield.co.jp
Representative:
Takashi Furutsuka, PresidentInquiries:
Masahiko Shinbe, Executive Officer, General Manager of Administration Division
Telephone:+81-78-435-2800
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended July 31, 2024 (from May 1, 2024 to July 31, 2024 )(Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Net sales
Three months ended
July 31, 2024
July 31, 2023

Operating profit

Profit attributable to owners ofparent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen

12,6570.6

334(30.6)

354(30.1)(103)%-12,580

3.0

482

14.5

507

13.8

326

16.9

Note: Comprehensive income For the three months ended July 31, 2024: ¥ (68) million [ - % ]For the three months ended July 31, 2023: ¥ 385 million [ 27.6 % ]Basic earnings per share
Three months endedJuly 31, 2024
July 31, 2023

Diluted earnings per share
YenYen(3.95)-12.27-(2) Consolidated financial position
Total assets
As ofJuly 31, 2024
April 30, 2024

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

35,24328,70481.4

1,098.80

36,022

29,13980.9

1,115.44

Reference: Equity
As of July 31, 2024 : ¥ 28,704 million
As of April 30, 2024: ¥ 29,139 million

2. Cash dividends
First quarter-end
Fiscal year endedApril 30, 2024
Fiscal year ending
April 30, 2025
Fiscal year ending
April 30, 2025
(Forecast)

Annual dividends per share
Third quarter-end

Second quarter-end

Fiscal year-end

TotalYen

Yen

Yen

Yen

Yen-

9.00

-14.00

23.00

14.00

23.00

9.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the fiscal year ending April 30, 2025 (from May 1, 2024 to April 30, 2025)(Percentages indicate year-on-year changes.)
Net sales
Six months ending
October 31, 2024
Fiscal year ending
April 30, 2025

Operating profit

Basic earnings per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

26,183

4.3

987

17.5

1,018

15.9

329

(42.1)

12.61

53,467

4.1

2,042

17.5

2,083

16.7

1,035

(17.3)

39.65

Note: Revisions to the earnings forecasts most recently announced: None

* Notes

Profit attributable toowners of parent

Ordinary profit

* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes (4) Notes to Quarterly Consolidated Financial Statements (Notes toChanges in Accounting Policies)" on page 9 of the attached document.

(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of July 31, 2024
As of April 30, 2024

26,788,748 shares
26,788,748 shares(ii) Number of treasury shares at the end of the period
As of July 31, 2024
As of April 30, 2024

665,016 shares
664,875 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended July 31, 2024
Three months ended July 31, 2023

26,123,845 shares
26,597,847 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:
Yes (optional)* Proper use of earnings forecasts, and other special matters(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on
certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ
substantially due to various factors. Please refer to "1. Business Results, (3) Explanation of Forward-Looking Statements" on page 3 for the assumptions used in forecasting
business results and precautions regarding the use of business results forecasts.

Quarterly consolidated balance sheet(Millions of yen)
As of April 30, 2024

As of July 31, 2024

AssetsCurrent assets
Cash and deposits

14,165

12,928

Accounts receivable - trade

4,031

4,251

Finished goods

6467

Work in process

153

185

Raw materials and supplies

707

710

Other268360

19,391

18,502

Buildings and structures, net

8,878

8,913

Land2,961

2,961

Other, net

2,495

2,458

Total property, plant and equipment

14,334

14,332

Other

421

461

Total intangible assets

421

461

1,897

1,969

Total current assets
Non-current assets
Property, plant and equipment

Intangible assets

Investments and other assets
Other
Allowance for doubtful accounts

(23)

(23)

Total investments and other assets

1,874

1,946

16,63016,74036,02235,243

Total non-current assets
Total assets

(Millions of yen)
As of April 30, 2024

As of July 31, 2024

Liabilities
Current liabilities
Accounts payable - trade

1,219

1,292

Current portion of long-term borrowings

300

250

Income taxes payable

484

67

Provision for bonuses

788

328

Other

2,911

3,445

Total current liabilities

5,704

5,384

Long-term borrowings

375

350

Provision for point card certificates

168

195

Non-current liabilities

Other

635

609

Total non-current liabilities

1,178

1,154

6,882

6,538

5,544

5,544

Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

5,887

5,887

Retained earnings

18,371

17,902

Treasury shares

(938)

(939)

Total shareholders' equity

28,86428,395

Valuation difference on available-for-sale securities

193

221

Foreign currency translation adjustment

8188

Accumulated other comprehensive income

Total accumulated other comprehensive income

275

309

Total net assets

29,13928,704

Total liabilities and net assets

36,02235,243

Quarterly consolidated statement of income(Millions of yen)Three months ended
July 31, 2023

Three months ended
July 31, 2024

Net sales

12,58012,657

Cost of sales

5,328

5,308

Gross profit

7,252

7,349

Selling, general and administrative expenses

6,770

7,014

Operating profit

482

334

Non-operating income
Dividend income

56

Dividend income of insurance

1611

Other

76

Total non-operating income

2925Interest expenses

11

Foreign exchange losses

33

Other

00

Total non-operating expenses

45507

354

Special merit rewards-500

Total extraordinary losses-500

Profit (loss) before income taxes

507(145)

Income taxes

181(42)

Profit (loss)

Non-operating expenses

Ordinary profit
Extraordinary losses

326(103)

Profit attributable to non-controlling interests--

Profit (loss) attributable to owners of parent

326(103)

Quarterly consolidated statement of comprehensive income(Millions of yen)Three months ended
July 31, 2023
Profit (loss)

Three months ended
July 31, 2024
326(103)

Valuation difference on available-for-sale securities

54

27

Foreign currency translation adjustment

46

Total other comprehensive income

58

34

Comprehensive income

385(68)385(68)--Other comprehensive income

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

Quarterly consolidated statement of cash flows(Millions of yen)Three months ended
July 31, 2023

Three months ended
July 31, 2024

Cash flows from operating activities
Profit (loss) before income taxes

507

(145)

Depreciation

397

415

Increase (decrease) in provision for bonuses

(470)

(459)

Increase (decrease) in provision for point card certificates

226

Interest and dividend income

(5)

(6)

Interest expenses

11

Decrease (increase) in trade receivables

69(218)Decrease (increase) in inventories

22(36)

Increase (decrease) in trade payables

12573

Other, net

(138)

425

Subtotal511

75

Interest and dividends received

56

Interest paid

(1)

(0)

Income taxes paid

(116)

(359)

Net cash provided by (used in) operating activities

399

(278)

Payments into time deposits

(20)

(20)

Purchase of property, plant and equipment

(197)

(365)

Purchase of intangible assets

(66)

(72)

Purchase of long-term prepaid expenses

(16)

(17)

Payments of guarantee deposits

(3)

(13)

Proceeds from refund of guarantee deposits

11

Cash flows from investing activities

Other, net

(0)

(0)

(302)

(487)

Repayments of long-term borrowings

(135)

(75)

Repayments of lease liabilities

(64)

(68)

Net cash provided by (used in) investing activities
Cash flows from financing activities

Purchase of treasury shares-(0)

Dividends paid

(330)

(350)

Net cash provided by (used in) financing activities

(530)

(495)

24

Net increase (decrease) in cash and cash equivalents(432)(1,256)

Cash and cash equivalents at beginning of period

13,423

13,764

Cash and cash equivalents at end of period

12,99012,507

Effect of exchange rate change on cash and cash equivalents