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.

August 05, 2022

Summary of Consolidated Financial Results
For the First Quarter of the Year Ending March, 2023
(Under Japanese GAAP)
Company name: LEC, Inc.
Stock exchange listing: Tokyo Stock Exchange, Prime Market
Stock code:
7874
URL:
https://www.lecinc.co.jp/en
Representative:
Takaki Nagamori, President
Inquiries:
Hideo Masuda, Director, Managing Executive Officer
Telephone:+81-3-3527-2150
Scheduled date for filing quarterly securities report:
August 12, 2022
Scheduled date for Commencement of dividend payments:―
Supplementary information for the quarterly financial statements to be prepared: None
Meeting to explain the quarterly financial statements to be held: None
(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the First Quarter of the Year Ending March, 2023 (from April 01,2022 to June 30, 2022)(1) Consolidated Results of Operations (cumulative)(Percentage figures denote change from the same period in the previous year)
Net Sales

Operating Income

Yen in million%

Yen in million%

Yen in million%

Yen in million%

13,3530.7833(36.2)790(42.8)

964

29.9

13,2662.1

1,305(30.4)

1,382(26.8)

742(37.9)

1st Quarter of the YearEnding March, 2023
1st Quarter of the Year
Ended March, 2022
Note: Comprehensive income

First Quarter of the Year ending March, 2023:
First Quarter of the Year ended March, 2022:
Basic earnings
per share

1st Quarter of the YearEnding March, 2023
1st Quarter of the Year
Ended March, 2022

Profit attributable toowners of parent

Ordinary Income

Diluted earnings
per share
YenYen

27.96

27.69

21.69

21.45

¥942 million¥903 million[4.3%][(36.9)%](2) Consolidated Financial Position
Total assets

Net assets

Equity-to-asset ratio

Yen in millions

Yen in millions%

1st Quarter of the YearEnding March, 2023

76,75536,13944.7

Year Ended March, 2022

74,60235,753

45.5

Reference:

Shareholders’ Equity
First Quarter of the Year Ending March,2023:
Year Ended March, 2022

¥34,322 million¥33,977 million

2. Dividends
Annual dividends per shareFirst quarter-end

Second quarterend

Third quarter-end

Yen

Yen

Yen

Yen

Yen

Year Ended March, 2022

―

17.00

―

13.00

30.00

Year Ending March, 2023

―
10.00

―

10.00

20.00

Year Ending March, 2023
(Estimate)Year-end

Total

Note: Changes from the latest forecasts released: None

3．Forecast for the Year Ending March 31, 2023 (April 1, 2022 – March 31, 2023)(Percentage figures denote change from the same period in the previous year)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Yen inmillions% Yen in millions

2nd Quarter of the YearEnding March, 2023
(Cumulative)

28,0008.2

1,000 (59.0)

1,000 (60.3)

1,100 (27.4)

31.90

Full Year

56,0008.9

2,000 (37.6)

2,000 (39.5)

1,700 (25.5)

49.30

Note: Changes from the latest forecasts released:: Yes%

Yen in millions% Yen in millions%

Yen

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): Yes(Changes in specified subsidiaries resulting in changes in the scope of consolidation)
NEW :

0

Excluded :1（LEC Home Products Co.,Ltd）(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 of accounting standards and other regulations: None(ii) Changes in accounting policies other than (ⅰ): None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury stock)
1st Quarter of the Year Ending March, 2023

38,165,340 sharesYear Ended March, 2022

38,165,340 shares(ii) Number of treasury stock at the end of the period
1st Quarter of the Year Ending March, 2023

3,686,447 sharesYear Ended March, 2022

3,686,447 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
1st Quarter of the Year Ending March, 2023

34,478,893 shares

1st Quarter of the Year Ended March, 2022

34,220,291 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Explanation of the appropriate use of business forecasts and other remarks
Business forecasts contained in this report are based on information available to the Company and on a certain
assumption the Company considers reasonable on the date of this report’s announcement, and it does notconstitute the Company’s intention to promise the accomplishment of the forecasts. Due to unforeseen
circumstances, however, actual results may differ significantly from such forecasts due to various risks anduncertainties.
In addition, the Company has introduced ESOP, and the Company shares owned by ESOP are included intreasury stock.