Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Year Ended March 31, 2024
[Japanese GAAP]May 14, 2024
Company name: DaikyoNishikawa Corporation
Stock exchange listing: Tokyo
Code number: 4246
URL: https://www.daikyonishikawa.co.jp/en/
Representative: Nariaki Uchida
Representative Director and President
Contact: Hironori Matsuo
Managing Executive Officer and Corporate Planning Division Manager
Phone: +81-82-493-5610
Scheduled date of Annual General Meeting of Shareholders: June 21, 2024
Scheduled date of commencing dividend payments: June 24, 2024
Scheduled date of filing annual securities report: June 21, 2024
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(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 to 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
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
March 31, 2024
159,019
9.1
8,690
151.6
8,775
206.3
5,782
March 31, 2023
145,744
24.9
3,453
2,864
518
(Note) Comprehensive income:Fiscal year ended March 31, 2024:¥
6,938 million [ 92.4%]
Fiscal year ended March 31, 2023:¥3,607 million [-%]
Basic earnings per Diluted earnings per Rate of return onshareshareequityYen
Fiscal year ended
March 31, 2024
81.34
March 31, 2023
7.30
(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio

%

7.4
0.7
Fiscal year ended March 31, 2024:
Fiscal year ended March 31, 2023:¥¥

Operating profit to
net sales ratio

%%

5.4
1.8

5.5
2.4
56 million(34) million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2024
March 31, 2023
(Reference) Equity:

Net assets

Capital adequacy ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

161,225
162,899
As of March 31, 2024:¥As of March 31, 2023:¥83,254
78,42280,711 million
75,603 million

50.1
46.4

1,135.11
1,063.76(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

20,372
14,0481,593(8,991)(8,801)(7,618)32,123
18,944

2. Dividends
Annual dividends
1st
2nd
3rdquarter-end quarter-end quarter-end

Year-end

Total

Fiscal year ended

Yen

Yen

Yen

Yen

March 31, 2023-

15.00

-

15.00

30.00

March 31, 2024-

15.00

-

17.00

32.00

-

17.00

-

17.00

34.00

Payoutratio

Total
dividends(consolidated)

Yen Millions of yen

Dividends
to netassets(consolidated)

%%

2,132

411.2

2.8

2,275

39.3

2.9

Fiscal year ending
March 31, 2025

40.3

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2024 :Commemorative dividend 2.00 yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
share
Six months ending
September 30, 2024
Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

81,0004.6

3,400(20.7)

2,900(37.2)

1,900(35.6)

26.72

169,000

6.3

9,500

9.3

8,500(3.1)

6,0003.884.38* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): NoNew(Company name:)
Exclusion:(Company name:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2024:
73,896,400 shares
March 31, 2023:
73,896,400 shares
2) Number of treasury shares at the end of the period:
March 31, 2024:
2,791,736 shares
March 31, 2023:
2,824,305 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2024:
71,094,643 sharesFiscal Year ended March 31, 2023:
71,055,297 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2024
March 31, 2023

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

107,429
105,210

2.1
15.9

4,185
3,861

8.4
292.8

10,720
4,719

127.2
43.9

9,985
(1,499)-Basic earnings per share Diluted earnings per share
Fiscal year ended
March 31, 2024March 31, 2023

Yen

Yen

140.45(21.10)-(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2024
March 31, 2023
(Reference) Equity:

Net assets

Capital adequacy ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

104,419
102,357
As of March 31, 2024:¥
As of March 31, 2023:¥65,953
57,806
65,953 million
57,806 million

63.2
56.5

927.55813.35*This financial results report is not subject to audit by certified public accountants or audit firm.
*Proper use of earnings forecasts,and other special matters(Caution concerning foward-looking statements)
The earnings forecasts and other descriptions of the future presented in this report are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. Actual results may differ substantially due to various factors.
(Supplementary materials for financial results)
Supplementary materials will be posted on our website later.