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.

Non-consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
July 31, 2024
Company name: TOHO SYSTEM SCIENCE CO.,LTD.
Listing: Tokyo
Securities code: 4333
URL: https://www.tss.co.jp/
Representative: TOMOYASU KOSAKA
Inquiries:

PRESIDENT,REPRESENTATIVE DIRECTOR
DIRECTOR,
GENERAL MANAGER,ADMINISTRATION DEPARTMENT

MASAYO SUNAGA

Telephone: +81-3 (3868) 6060
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. Non-consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes.)
Net sales
Three months ended
June 30, 2024
June 30, 2023

Operating profit

Millions of yen% Millions of yen

4,273
3,944

8.3
8.0332328

Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Ordinary profit% Millions of yen

1.2(1.5)336
332

Net income% Millions of yen

1.3(1.4)

231
228

%

1.1(1.5)

Diluted earnings pershare
Yen

Yen

12.68
12.56

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

Millions of yen

Net assets
Millions of yen

13,63913,477
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio

¥¥

9,253
9,365
9,253 million
9,365 million

Net assets per share%

Yen

67.8
69.5

507.08513.18

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

20.00

-

20.00

40.00

Fiscal year ending March 31, 2025

20.00

-

20.00

40.00

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

Year-end

Total

None

3. Non-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.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share
Millions of yen% Millions of yen% Millions of yen

Six months ending
8,536
6.7734
6.1
September 30, 2024
Full year
17,800
9.3
1,700
8.0
(Note) Revision to the financial results forecast announced most recently:% Millions of yen

%Yen

738

6.0513

8.8

28.07

1,710
None

8.0

1,189

9.9

64.96

* Notes:(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements:

None(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: None
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None
(3) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
20,798,988 shares
March 31, 2024:
20,798,988 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
2,549,458 shares
March 31, 2024:
2,548,608 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

18,249,950 shares
18,220,689 shares* Review of the Japanese-language originals of the attached quarterly non-consolidated financial statements by certified
public accountants or an audit firm: NoneQuarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousands of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Trade receivables and contract asset

9,747,227
2,183,605

9,843,903
2,129,616

Work in process
Other

3,863
80,71535,25878,298

Allowance for doubtful accounts(6,574)(6,419)12,008,837

12,080,657

86,29582,705Intangible assets
Investments and other assets

37,06733,395Investment securities
Deferred tax assets

509,948707,690543,250
774,088

Other
Allowance for doubtful accounts

132,930(5,675)131,073(5,675)

Total investments and other assets

1,344,895

1,442,737

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

Total non-current assets

1,468,259

1,558,838

13,477,096

13,639,496

Current liabilities
Accounts payable - trade903,430

952,216

Accounts payable - otherAccrued expenses

101,905
148,660

55,823593,053

Income taxes payable
Provision for bonuses

279,118
369,518

199,909
197,955

Provision for loss on orders received
Provision for product warranties

27,664-25,402
7,000

Other

222,091

258,413

2,052,388

2,289,773

2,031,2632,068,013

Total assets
Liabilities

Total current liabilities
Non-current liabilities
Provision for retirement benefits
Other

27,76027,7602,059,023

2,095,773

4,111,412

4,385,546

Share capital
Capital surplus

526,584
620,426

526,584
620,426

Retained earnings
Treasury shares

8,513,049(596,184)

8,379,390(597,372)

Total shareholders' equity

9,063,874

8,929,028

301,809324,920

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

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

301,809324,920

9,365,684

9,253,949

13,477,096

13,639,496

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023

For the three months
ended June 30, 2024

Net sales
Cost of sales

3,944,404
3,226,203

4,273,553
3,531,475

Gross profit

718,200

742,077

Selling, general and administrative expenses389,650

409,616

Operating profit

328,549

332,461

2,771

3,493

197
631

179
155

Non-operating income
Dividend income
Commission for insurance office work
Reversal of allowance for doubtful accounts
Other-

23

3,600

3,851

Ordinary profit

332,150

336,312

Profit before income taxes

332,150

336,312

Income taxes - current

121,156

181,551

Income taxes - deferred(17,796)(76,588)

Total income taxes

103,359

104,963

Profit228,790

231,349

Total non-operating income