Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 9, 2024
Company name: SHIKIBO LTD.
Listing: Tokyo
Securities code: 3109
URL: https://www.shikibo.co.jp/
Representative: Shiriya Masahiro
Inquiries: Itami Hidenori
Telephone: +81-6-6268-5421
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None,Representative Director,President,Senior Executive Officer,Division Manager,Corporate Division(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(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
9,288
(1.5)
252
18.5
256
23.6
192
33.2
June 30, 2023
9,429
9.6
213
5.0
207
1.4
144
(73.2)(Note) Comprehensive income:Three months ended June 30, 2024:¥
286 million [(18.7) %]Three months ended June 30, 2023:¥
352 million [(49.8) %]Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershare
Yen

Yen

15.63
12.49

-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Net assets

Millions of yenCapital adequacy ratio

Millions of yen

83,146
83,299As of June 30, 2024:
As of March 31, 2024:¥¥%

34,74534,08034,720 million
34,050 million

41.8
40.9

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-0.00

-

50.00

50.00

Fiscal year ending March 31, 2025

25.00

-

25.00

50.00

Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

NoneYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable Basic earnings
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen%

Yen

Six months ending
19,6001.3
650 15.7
September 30, 2024
Full year
40,7005.2
1,600 12.0(Note) Revision to the financial results forecast announced most recently:

500(9.4)350(12.7)

28.36

1,300None(1.7)

900

12.472.93* 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:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

NoneYes(4) Number of issued shares (common shares)1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
12,810,829 shares
March 31, 2024:
11,810,829 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
220,170 shares
March 31, 2024:
219,969 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

12,340,733 shares
11,591,852 shares(Note) The Company has adopted a stock compensation plan (Board Benefit Trust). For the purpose of calculating basic earnings per
share, the number of the shares of the Company remaining in the Board Benefit Trust that are recorded as treasury shares undershareholders’equity is included in the number of treasury shares to be deducted in the calculation of the average number ofshares during the period.
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: Yes(voluntary)* Proper use of earnings forecasts, and other special matters
Financial results forecast and other forward-looking statements included in this material are based on information currently available
to the Company and certain assumptions deemed reasonable, and actual performance and other results may differ significantly fromthese forecasts due to various factors.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loans receivable
OtherAllowance for doubtful accountsTotal current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation and impairment
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation and impairment
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation and impairment
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of June 30, 2024

5,374
7,031

5,689
6,442

1,919

2,031

5,803
1,828
1,607
70
993
(38)
24,591

5,732
1,944
1,742
70
788
(38)
24,40345,212(34,113)
11,09927,266(24,935)
2,330
1,610
(1,483)
127
37,888
1,594
(636)
958
1,859
54,264626

45,372(34,466)
10,906
27,733(25,390)
2,343
1,620
(1,495)125
37,9491,450(487)
962
2,044
54,331
643

1,363
200
1,906
481
(133)
3,817
58,70883,299

1,280
200
1,900
519
(133)
3,767
58,742
83,146

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of bonds payable
Accrued expenses
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Provision for repairs
Long-term leasehold and guarantee deposits
received
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

As of June 30, 2024

2,973
896
10,029
1,950
564
352
298
615
1,219
18,901

3,114
1,097
9,354
1,940
535
30
171
356
1,479
18,0791,460
10,931
880
194
6,163
6,153

1,590
10,865
874
184
6,163
6,093

65

67

94

100

4,143

4,143

230
30,31749,219238
30,321
48,40011,336
896
9,254
(242)
21,244

11,8201,381
8,862(242)21,821

468

407

30
13,385(864)(213)
12,8066
23
34,08083,29923
13,385(698)(218)
12,89924
34,745
83,146

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance claim income
Foreign exchange gains
Subsidy income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Insurance claim income
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

For the three months
ended June 30, 2024
9,429
7,818
1,610
1,397213

9,288
7,571
1,717
1,464
252

21118
38
2092

4
15
40
26
895

54
43
97
207

56
34
91
256

113
0113-829
140
281
29105
134
146
1144

33
253
26
3460
192
(0)
192

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
ProfitOther comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30, 2024
146

192

38
90
7
69
205
352

(60)
(7)
168
(5)
94
286

349

285

31