Financial Results for the Fiscal Year Ended June 2024 [Japan GAAP] (Consolidated)
August 14, 2024
Name of listedcompany
Securities code
numberRepresentative
Contact person in
chargeExchange listed on: Tokyo Stock Exchange

Fibergate Inc.

(Prime Market); Sapporo Securities Exchange

URL https://www.fibergate.co.jp/en/

9450（Position） CEO（Position）(Name) Takafumi Hamauzu

Director of Business Planning

Scheduled date of Annual Meeting of

Scheduled commencement

September 26, 2024

Shareholders
Scheduled filing date of the securities
report(Name) Masanori Inomata

Senior Managing Director, Chiefdate of dividends payment(TEL) 011(204)6121
September 27, 2024

September 27, 2024

Preparation of supplementary explanatory
materials for financial results:Available
Convening financial results briefing: Yes(Supplementary explanatory materials for financial results will be posted on our website as appropriate.)(Targeted at institutional investors and analysts)(Amounts rounded down to the nearest millions of yen)

１．Consolidated Financial Results for the FY Ended June 2024 (from July 1, 2023 to June 30, 2024)(Percentage figures represent quarter-on-quarter changes.)（１）Consolidated Operating Results
Sales

Operating income

％
△1.4
20.4

million yen
FY ended June 2023

12,613
12,795(Note) Comprehensive

FY ended June

income2024

FY ended June 2024

2,387
2,320

million

1,573

yen

Net income per share

％
2.9
40.4

million yen

FY ended June 2023

％
4.6
42.8

million yen

2,395
2,290

FY ended June

（6.0％）

million yen

1,567
1,482

million

1,483

2023

％
5.7
38.1

（38.0％）

yen

Net income per share (diluted)

Return on equity

Return on assets

Operating income
margin

Yen
76.95
72.58

％
29.9
37.2

％
18.5
17.7

％
18.9
18.1

Yen
77.20
72.70

FY ended June 2024

Net income attributable to theparent company’s shareholders

Ordinary income（２）Consolidated Financial Position
Total assets
FY ended June 2024
FY ended June 2023
(Reference) Shareholders’ equity

Net assets

Shareholders’ equity ratio

million yen

million yen

13,076
12,764

5,836
4,758

FY ended June

millionFY ended June

yen

2023

5,789

2024

Net assets per shareYen
285.59230.12％
44.3
36.8
million

4,696

yen

（３）Consolidated Cash Flows
Cash flows from operating
activities
FY ended June 2024
FY ended June 2023

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents at
end of period

million yen

million yen

million yen

million yen

2,833
4,296

△2,377△2,189△723△2,027

2,120
2,382

２．Dividends
Annual dividends
End of Q1

FY ended June 2023
FY ended June 2024
FY ended June 2025
(Forecast)End of Q2

End of Q3

End of period

Total

Yen
－
－

Yen
0.00
5.00

Yen
－
－

Yen
10.00
12.50

Yen
10.00
17.50

－

13.50

－

13.50

27.00

Total dividends

million yen

204
305

Ratio of
Dividend payout dividends toratio
net assets(Consolidated) (Consolidated
)

％
13.8
22.7

％
5.1
6.8

33.2

(Note) The year-end dividend of 10.00 yen for the FY ended June 2023 is made up of the ordinary dividend of 8.00 yen and commemorative dividend of 2.00
yen of the Company’s 20th anniversary

３．Forecast of Consolidated Results for the FY Ending June 2025 (from July 1, 2024 to June 30, 2025)(Percentage figures represent quarter-on-quarter changes.)
Sales
million yen
Full-year

14,370Operating income％
13.9

million yen

2,620

％
9.7

Ordinary income
million yen

2,600

Net income attributable tothe parent company’s
Net assets per share
shareholders％
8.5

million yen

1,650

％
5.3

Yen
81.40

※ Notes:（１）Changes in major subsidiaries during the period (change in specific subsidiaries resulting in a change in scope of consolidation) ): None
（２）Changes in accounting policies or estimates and retrospective restatements
1) Change in accounting policies in accordance with revision of accounting standards
2) Change in accounting policies other than item 1) above
3) Change in accounting estimates
4) Retrospective restatements: None: None: None: None（３）Number of shares issued (common shares)
1) Number of shares issued at the end of the period(including treasury shares)

FY ended June
2024

20,593,600 shares

FY ended June
2023

20,591,200 shares

2) Number of treasury shares at the end of the period

FY ended June
2024

322,207 shares

FY ended June
2023

181,172 shares

3) Average number of shares during the period

FY ended June
2024

20,306,773 shares

FY ended June
2023

20,398,817 shares

(Reference) Summary of Non-consolidated Results
１．Non-consolidated Results for the FY Ended June 2024 (from July 1, 2023 to June 30, 2024)(Percentage figures represents quarter-on-quarter changes.)（１）Non-consolidated Operating Results
Sales

Operating income

％
8.3
20.5

million yen

11,643
10,753

FY ended June 2024
FY ended June 2023

Net income per share

2,004
1,958

FY ended June 2023

million yen

2,016
1,942

Net income

％
3.8
53.9

million yen

1,323
1,426

％
△7.2
67.5

Net income per share (diluted)

Yen
65.18
69.92

FY ended June 2024

Ordinary income

％
2.4
52.4

million yen

Yen
64.97
69.81

（２）Non-consolidated Financial Position
Total assets

12,094
11,290

4,611
3,784

FY ended June 2023
FY ended June

equity2024

Shareholders’ equity ratio

million yen

FY ended June 2024
(Reference) Shareholders’

Net assets

million yen

million

4,611yen

Net assets per share

Yen
227.51
184.45

％
38.1
33.3

FY ended June
2023

million3,764yen

２．Forecast of Non-consolidated Results for the FY Ending June 2025 (from July 1, 2024 to June 30, 2025)(Percentage figures represent quarter-on-quarter changes.)
Sales
million yen
Full-year

13,240Operating income％
13.7

million yen

2,310

Ordinary income％
14.6

million yen

1,510

Net income per share

％
14.1

Yen
74.49

※ Financial Results are not subject to audit procedures by Certified Public Accountants or audit firms.
※ Explanation of appropriate use of the financial forecast and other special remarks(Notes to the forward-looking statements)
The forward-looking statements, such as the financial forecast, provided in this material are based on information currently available
to Fibergate Inc. (“Company”) and certain assumptions that the Company believes are reasonable, and are not intended as aguarantee that the Company will achieve the same. In addition, actual results may significantly differ due to various factors. Fornotes on the assumptions used for the financial forecast and instructions on how to use the financial forecast, please see“1. Overview of Operating Results, etc. (5) Future outlook” on Page 5 in the attachment.
(Method of obtaining contents of the financial results briefing)
The Company plans to hold the financial results briefing for institutional investors and analysts on August 15, 2024.
The materials to be used at the briefing will be posted on the Company’s website immediately after the briefing.
(Method of obtaining supplementary explanatory materials for the financial results)
The supplementary explanatory materials will be disclosed on TDnet on that day and posted on the Company’s website as well.

※ Information on treasury shares
322,207 shares at the end of the consolidated FY ended June 2024 is accounted for by including in the Company’s treasury shares,
meaning they are included in the treasury shares to be deducted in the calculation of the average number of shares during theperiod to calculate net income per share and net income per share (diluted).
(232,827 shares at the end of the consolidated FY ended June 2024)

○Appendix Table of Contents
１．Overview of Operating Results, etc …………………………………………………………………………………

2（１）Overview of operating results for the FY ended June 2024 …………………………………………………

2（２）Overview of financial position for the FY ended June 2024 …………………………………………………

4（３）Overview of cash flows for the FY ended June 2024 …………………………………………………………

5（４）Basic policy regarding distribution of incomes and dividends for the subject and next period ……………

6（５）Future outlook ……………………………………………………………………………………………………… 6（６）Material events with regard to assumptions for going concern ………………………………………………

6

２．Basic Approach towards Selection of Accounting Standard ………………………………………………………

7

３．Consolidated Financial Statements and Key Notes ………………………………………………………………… 8（１）Consolidated balance sheet ……………………………………………………………………………………… 8（２）Consolidated statement of income and consolidated statement of comprehensive income ……………… 10
Consolidated statement of income ……………………………………………………………………………… 10
Consolidated statement of comprehensive income …………………………………………………………… 11（３）Consolidated statement of changes in equity …………………………………………………………………

12（４）Consolidated statement of cash flows ………………………………………………………………………

13（５）Notes to consolidated financial statements ……………………………………………………………………

14(Notes to assumptions for going concern) ………………………………………………………………………

14(Segment information ) ………………………………………………………………………………………

14(Per-share information) ……………………………………………………………………………………………

19(Important subsequent events) ……………………………………………………………………………………

20

- 1 -

1. Overview of Operating Results, etc.
Forward-looking statements in this report are based on the judgment as of the end of the current consolidated fiscal year.
(1) Overview of operating results for the FY ended June 2024
(Millions of yen)
Net income
attributable to the Net income per share
Operating income Operating income
parent company’s(Yen)shareholders

Sales
Current consolidated fiscal year

12,613

2,387

2,395

1,567

77.20

Previous consolidated fiscal year

12,795

2,320

2,290

1,482

72.70

Percent change from the same

-1.4

2.9

4.6

5.7

6.2

period last year (%)
The Japanese economy during the current consolidated fiscal year (July 1, 2023 to June 30, 2024), while experiencing an
increase in foreign tourists, resumption of various domestic events, and DX acceleration due to labor shortages, is still in a
critical condition in which higher interest rate due to the removal of the negative interest rate policy or increased material
procurement costs due to the Yen’s depreciation are concerned.

Under such circumstances, our group will continue to steadily implement the medium-term management plan on March
17th, 2023. In order to realize the medium-term visions stated in this plan, we are engaging ourselves to achieve this plan
based on Step 1 “Wi-Fi in all facilities” and Step 2 “realization of future infrastructures created by telecommunications andrenewable energy.”
The effect of stock business accumulation for the Home-Use business is continuing on the contrary to the heat up ofcompetition and the slowdown in the specific customer sales channel have been seen. In addition, the sales scale of cross-sellproducts including “FG smart call,” network camera- and intercom-compatible systems, that drives the growth of Home-Usebusiness is increasing due to an aggressive business expansion.
On the other hand, the operating profit margin is on a declining trend due to the increasing trends of depreciation expenses
associated with investment in telecommunication facilities and selling expenses due to the strengthening of the sales structure,
as well as temporary struggles in flow sales.
As a result of the above, the segment sales increased to 10,386 million yen (+8.2% YoY), and the segment income decreased
to 2,910 million yen (-2.0% YoY).
In the business use business, the long lead time from order acquisition to sales posting had been a bottleneck, but our longtime efforts to date have been paid off, and sales of premises-communication-infrastructure-services to medical and nursing
care facilities, public facilities, and tourist facilities, grew significantly.
The sales related to development projects for equipment that meet the individual needs of each client at FG-Lab, oursubsidiary, remained steady.
Also, increase in large-scale projects and opportunities to provide high-value-added services pushed up the Operating income
margins for each project leading to an increasing trend in the operating income margin of Business-Use business as a whole.
As a result of the above, the segment sales increased to 1,675 million yen (+10.8% YoY), and the segment income also
increased to 480 million yen (+65.9% YoY).
The sales and segment income, although there were several real estate sales at FG Smart Asset, decreased as projects wereconcentrated in the previous fiscal year.
As a result of the above, the segment sales decreased to 523 million yen (-68.7% YoY), and the segment income also
decreased to 57 million yen (-58.0% YoY).

- 2 -Regarding other business segments, including Renewable Energy, sales were recorded for the Higashikagura of Hokkaido
complex related to the installation of an All-in-one generation and consumption solar energy system.
As a result of above, the segment sales increased to 27 million yen (+221.2% YoY), and the segment income also increased
to 7 million yen (+286.3% YoY).
As a result, for the current consolidated fiscal year, we report net sales of 12,613 million yen (-1.4% YoY), operating incomeof 2,387 million yen (+2.9% YoY), ordinary income of 2,395 million yen (+4.6% YoY), and net income attributable toshareholders of the parent company of 1,567 million yen (+5.7% YoY).

- 3 -(2) Overview of financial position for the FY ended June 2024
At the end of previous
consolidated fiscal year

At the end of current
consolidated fiscal year

Percent change (%)

Total assets(million yen)

12,764

13,076

2.4

Net assets(million yen)

4,758

5,836

22.6

Shareholders’ equity ratio

(%)

36.8

44.3

20.4

Net assets per share(yen)

230.12285.5924.1(Assets)
Total assets for the current fiscal year increased by 311 million yen from the end of the previous fiscal year to 13.076 billion
yen. This was due to an increase of 532 million yen in fixed assets, despite a decrease of 220 million yen in current assets.
The decrease in current assets was due to a decrease of 262 million yen in cash and deposits and 165 million yen in real estate
for sale despite an increase of 186 million yen in accounts receivable and 29 million yen in commodity. The increase in fixed
assets was due to a decrease of 100 million yen in deferred tax assets, despite an increase of 608 million yen in communicationequipment and 28 million yen in buildings for the provision of our telecommunications services.
(Liabilities)
Total liabilities for the current fiscal year decreased by 765 million yen from the end of the previous fiscal year to 7.240 billion
yen.
This was mainly due to a decrease of 321 million yen in contract liabilities, 160 million yen in short-term borrowings, and 69
million yen in long-term borrowings (including current portion of long-term borrowings).
(Net Assets)
Total net assets for the current fiscal year increased by 1.077 billion from the end of the previous fiscal year to 5.836
billion. This was mainly due to an increase of 1,262 million yen in retained earnings, despite an increase of 168 million yen
in treasury share.

- 4 -(3) Overview of cash flows for the FY ended June 2024
(Millions of yen)
Prior period

Current period

Percent change (%)

Cash flows from operating activities

4,296

2,833

△34.1

Cash flows from investing activities△2,189△2,377△8.6

Cash flows from financing activities△2,027△723

64.3

Change in cash and cash equivalents

78

△262

△432.6

Beginning balance of cash and cash equivalents

2,303

2,382

3.4

Cash and cash equivalents at end of period

2,382

2,120

△11.0

The balance of cash and cash equivalents (hereinafter referred to as "funds") at the end of the current consolidated fiscal year
is 2.120 billion yen, a decrease of 262 million yen from the end of the previous consolidated fiscal year.
The status of cash flows for the current fiscal year and their factors are as follows.
(Cash flows from operating activities)
In the current consolidated fiscal year, funds obtained from operating activities amounted to 2.833 billion yen (4,296
million yen was acquired in the previous consolidated fiscal year). This was mainly due to net income before taxes of 2.304
billion yen and depreciation expenses of 1.650 billion yen.
(Cash flows from investing activities)
In the current consolidated fiscal year, funds used through investment activities amounted to 2.377 billion yen (comparedto 2.189 billion yen in the previous consolidated fiscal year). This was mainly due to expenditures of 2.331 billion yen fromthe acquisition of tangible fixed assets.
(Cash flows from financing activities)
In the current consolidated fiscal year, funds used through financing activities amounted to 723 million yen (compared to
2.027 billion yen in the previous consolidated fiscal year). This was mainly due to income from long-term borrowings of
1.050 billion yen, while expenditures of 1.119 billion yen from repayment of long-term borrowings, 305 million yen from
dividend payments, and 188 million yen from acquisition of treasury stock.

(Reference) Trends in indicators related to cash flows
June 2021
Shareholders’ equity ratio (%)
Market value based Shareholders’ equity ratio(%)

June 2022

39.1
333.6

June 2023

June 2024

25.1

36.8

44.3

148.2

237.8

172.2

Cash Flow Interest Bearing Debt Ratio (years)

2.6

2.9

1.1

1.6

Interest Coverage Ratio (times)

91.3

93.2

146.4

121.6

Shareholders’ equity ratio:
Market value based Shareholders’ equity ratio:

Shareholders’ equity / Total assets
Market capitalization / Total assets

Cash Flow Interest Bearing Debt Ratio:
Interest Coverage Ratio:

Interest-bearing debt / Cash flow
Cash flow / Interest payment(Notes) 1. All calculations are based on consolidated financial figures.
2. The market capitalization is calculated based on the number of shares issued excluding treasury share.
3. Cash flow is based on operating cash flow.
4. Interest-bearing debt refers to short-term borrowings and long-term borrowings (including current portion of long-termborrowings), and corporate bonds (including current portion of corporate bonds) for which interest is paid among theliabilities reported on the consolidated balance sheet. For interest payment, we use the amount of interest paid in the
consolidated statements of cash flows.

- 5 -(4) Basic policy on profit distribution and dividends for the current and next fiscal years
The Group aims to expand its business performance through growth investments and regards the return of profits to shareholders
as one of the most important management issues.
Profits for each fiscal year will be divided into three major divisions, and in principle, one-third of them will be used as a sourceof profit dividends as a return to shareholders, another one-third of them will be used for returns to executives and employees,
which are important human capital, and business investments for further growth of the Company, and the remaining one-third will
be retained earnings.
Based on this, the year-end dividend for the current fiscal year will be 12.5 yen per share. The interim dividend was 5.0 yen per
share. Therefore an annual dividend of 17.5 yen per share.
For the next fiscal year, based on the above basic policy, we plan to pay an interim dividend of 13.5 yen per share and a year-end
dividend of 13.5 yen per share.

（５）Future Forecast
As for the forecast for the next fiscal year, the Home-Use business is expected to continue to perform strongly and make asignificant contribution to business results. The Business-Use business will The Company will further strengthen its sales structureand enhance its expertise to meet diverse customer needs, develop sales channels, and expand sales. Although the real estatebusiness is entering a transitional period for projects, as we will start full-scale sales activities in the renewable energy (electric
power) business, and a large increase in revenues is expected.
On the other hand, head office expenses are expected to increase due to the strengthening of the organizational structures of coresystem development and introduction of financial analysis tools.
The calculation of the consolidated earnings forecast is based on the information and forecasts currently available.
(Forecast of consolidated business results)(unit: million yen)
Percentage change(%)

June 2024 Result

June 2025 Result

Sales

12,613

14,37013.9

Operating income

2,387

2,620

9.7

Ordinary income

2,395

2,600

8.5

Net income attributable to owners of theparent

1,567

1,650

5.3

(Forecast of consolidated segment sales)(unit: million yen)Segment

June 2024 Result

June 2025 Result

Percentage change
(%)

Wi-Fi

Home-Use business

10,386

11,140

7.3

business

Business-Use business

1,675

2,220

32.5

Real estate business

523

410

△21.8

Others27

600

2,071.9

Total

12,613

14,37013.9

Based on the background described above, we expect sales of 14,370 million yen, operating income of 2,620 million yen,ordinary income of 2,600 million yen, and net income attributable to owners of the parent of 1,650 million yen for the fiscal year
ending June 2025.
Please note that the above forecasts are based on information available as of the date of publication of this document, and actual
results may differ from the forecasts due to various factors in the future. Please refer to the financial results briefing released on thesame date.
（６）Material events with regard to assumptions for going concern
There are no applicable matters.

- 6 -２．Basic Approach towards Selection of Accounting Standard
Considering the comparability of consolidated financial statements over time and between companies, theGroup policy is to prepare consolidated financial statements in Japan GAAP for the time being.
With regard to the application of IFRS in the future, the company will take appropriate actions in light ofsituations in Japan and overseas.

- 7 -３．Consolidated financial statements and Key Notes（１）Consolidated Balance Sheets(Millions of yen)Previous consolidated fiscal year Current consolidated fiscal year
(June 30, 2023)(June 30, 2024)
AssetsCurrent assets
Cash and deposits
Accounts receivable
Contract Assets
Commodity
Real estate for sale
Work in progress
Supplies
OthersAllowance for doubtful accounts
Total current assets
Fixed asset
tangible fixed assets
Building (net)
Tools, furniture & fixtures(net)Communication equipment (net)
Construction in progress
Total tangible fixed assets
Intangible assets
Software
Software in progress
Total intangible assets
Investments and other assets
Investment securities
Deposit
Deferred tax assets
Claims in bankruptcy, reorganization, etc.
OthersAllowance for doubtful accounts
Total investments and other assets
Total fixed assets
Deferred assets
Inaugural expenses
Total deferred assets
Total assets

- 8 -

2,382
1,585
217
635
655
0
0
87
△6
5,559

2,120
1,772
208
665
489
0
0
87
△5
5,339

6
9
6,544
3
6,565

35
10
7,153
0
7,200

57
21
79

67
20
88

51
35
472
0
1
△1
559
7,203

11
46
372
1
18
△1
447
7,736

0
0
12,7640
0
13,076（単位：百万円）
Previous consolidated fiscal year Current consolidated fiscal year
(June 30, 2023)(June 30, 2024)
Liabilities
Current liabilities
Accounts payable
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for stock-based remuneration
OthersotherTotal current liabilities
Fixed liabilities
Corporate bondLong-term borrowings
Retirement benefit liability
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
CapitalCapital surplus
Retained earnings
Treasury share
Total shareholders' equity
Other comprehensive income cumulative amount
Valuation difference of other securities
Foreign currency translation adjustment account
Other comprehensive income cumulative amount
Share award rights
Non-controlling interest
Total net assets
Total liabilities and net assets

- 9 -

633
300
1,096
515
1,638
86
5
409
4,685

623
140
1,203
358
1,317
88
－
356
4,086

50
3,226
44
3,320
8,005

50
3,049
53
3,153
7,240

494
426
3,963
△188
4,694

494
423
5,225
△356
5,786

△0
1
1
19
42
4,758
12,764

0
3
3
－
46
5,836
13,076

（２）Consolidated profit and loss statement and consolidated comprehensive income statement（Consolidated profit and loss statement）（Millions of yen）

Sales
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Surrender value of insurance policies
Point revenue
Insurance income
OthersotherTotal non-operating income
Non-operating expenses
Interest expenses
Foreign exchange loss
Amortization of bond issuance costs
Loan cancellation penalty
OthersotherTotal non-operating expenses
Ordinary income
Extraordinary income
Gain from sale of fixed asset
Gain from sale of investment securities
Total Extraordinary Income
Extraordinary loss
Loss on disposal of fixed assets
Loss on devaluation of investment securities
Impairment loss
Total extraordinary losses
Net income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Profit attributable to owners of parent

Previous consolidated fiscal
Current consolidated fiscal year
year
(from July 1, 2023
(from July 1, 2022
to June 30, 2024)
to June 30, 2023)
12,795
12,613
7,054
6,795
5,741
5,817
3,421
3,430
2,320
2,387

- 10 -

0
0
2
5
－
1
8

0
0
－
5
26
2
34

29
3
0
4
0
38
2,290

23
2
0
－
0
26
2,395

24
0
24

－
－
－

33
－
110
144
2,171
686
1
687
1,483
0
1,482

51
39
－
91
2,304
631
100
732
1,572
4
1,567

（Consolidated comprehensive income statement）（Millions of yen）

Net income
Other comprehensive income
Other valuation difference on available-for-salesecurities
Foreign currency translation adjustment account
Other comprehensive income total
Comprehensive income(Breakdown)Comprehensive income related to shareholders of theparentComprehensive income related to non-controllinginterests

Previous consolidated fiscal
Current consolidated fiscal year
year
(from July 1, 2023
(from July 1, 2022
to June 30, 2024)
to June 30, 2023)
1,483
1,572

- 11 -

0

0

0
0
1,483

1
1
1,573

1,483

1,568

0

4

（３）Consolidated Statement of Changes in Shareholders' Equity
Previous consolidated fiscal year (from July 1, 2022 to June 30, 2023)（Millions of yen）
Cumulative amount of other
Shareholders' Equity
comprehensive income
Other
Total
Foreignvaluation
cumulativ
currency
Total
difference
e amount
CapitalRetained Treasurytranslatio
shareholderonof othersurplusearnings
sharens' equity availablecompreheadjustmen
for-salensivet accountsecurities
incomeCapitalBalance at the beginningof the fiscal year
Fluctuations in thecurrent fiscal year

494

411

2,572

△200

3,277

△0

1

1

Share
award
rights

Noncontrollinginterest

Total net
assets

－

－

3,279

Dividend of surplus

△91

△91

△91

Profit attributable toowners of parent

1,482

1,482

1,482

8

8

△4

△4

△4

16

22

22

Changes in equity due
to capital increase of
consolidated
subsidiaries

8

Acquisition oftreasury share
Disposal of treasury
share
Changes in items
other thanshareholders’ equity
for the current fiscal
year (net)Total changes for thecurrent fiscal year
Balance at the end of thecurrent fiscal year

6

0

0

0

19

42

62

－

14

1,391

12

1,417

0

0

0

19

42

1,479

494

426

3,963

△188

4,694

△0

1

1

19

42

4,758

Current consolidated fiscal year (from July 1, 2023 to June 30, 2024)（Millions of yen）
Cumulative amount of othercomprehensive income
Other
Total
Foreignvaluation
cumulativ
currency
Total
difference
e amount
Treasurytranslatio
shareholderonof othersharens' equity availablecompreheadjustmen
for-salensivet accountsecurities
incomeShareholders' Equity

Balance at the beginningof the fiscal year
Fluctuations in thecurrent fiscal year
Issuance of new share

CapitalCapitalsurplusRetainedearnings

494

426

3,963

0

0

△188

4,694

△0

1

1

Share
award
rights

Noncontrollinginterest

Total net
assets

19

42

4,758

0

0

Dividend of surplus

△305

△305

△305

Profit attributable toowners of parent

1,567

1,567

1,567

△188

△188

△188

20

17

17

Acquisition oftreasury share
Disposal of treasury
share
Changes in items
other thanshareholders’ equity
for the current fiscal
year (net)Total changes for thecurrent fiscal year
Balance at the end of thecurrent fiscal year

△2

0

1

1

△19

4

△13

0

△2

1,262

△168

1,091

0

1

1

△19

4

1,077

494

423

5,225

△356

5,786

0

3

3

－

46

5,836

- 12 -

（４）Consolidated Statements of Cash Flows（Millions of yen）
Previous consolidated
fiscal year
(from July 1, 2022
to June 30, 2023)
Cash flows from operating activities
Net income before income taxes
Depreciation expenses
Impairment loss
Gain from sale of fixed asset
Amortization of goodwill
Stock-based remuneration expenses
Amortization of bond issuance expenses
Loss on disposal of fixed assets
Gain or loss from sale of investment securities (△ denotes gain)
Gain or loss from devaluation of investment securities ( - denotes gain)
Changes in allowance for doubtful accounts (△ denotes decrease)
Changes in provision for bonuses (△ denotes decrease)
Changes in retirement benefit liability (△ denotes decrease)
Changes in Shareholder Benefit Allowances (△ denotes decrease)
Interest income and Dividend income
Interest expenses
Changes in accounts receivable (△ denotes increase)
Changes in contract assets (△ denotes increase)
Changes in inventory (△ denotes increase)
Changes in purchase payables (△ denotes decrease)
Changes in contract liabilities (△ denotes decrease)
Foreign exchange gain and loss (△ denotes gain)
OthersSubtotal
Amount of interest and dividends received
Amount of interest paid
Amount of income taxes paid
Cash flows from operating activities
Cash flows from investing activities
Expenditures from the acquisition of investment securities
Gain from sale of investment securities
Expenditures from acquisition of tangible fixed assets
Gain from sale of tangible fixed assets
Expenditures from acquisition of intangible assets
Expenditure by deposit
OthersCash flows from investing activities
Cash flows from financing activities
Changes in short-term borrowings (△ denotes decrease)
Proceeds from long-term borrowings
Expenditures due to repayment of long-term borrowings
Redemption of bonds
Repayments of lease obligations
Expenditures from acquisition of treasury share
Amount of dividends paid
Proceeds from exercise of stock option
Cash flows from financing activities
Effect of exchange rate change on cash and cash equivalents
Changes in cash and cash equivalents (△ denotes decrease)
Balance of cash and cash equivalents at the beginning of the fiscal year
Cash and cash equivalents at end of period- 13 -

Current consolidated
fiscal year
(from July 1, 2023
to June 30, 2024)

2,171
1,442
110
△24
21
48
0
33
△0
－
△0
6
8
△32
△0
29
△211
△19
1,149
145
△320
1
132
4,690
0
△29
△364
4,296

2,304
1,650
－
－
－
△7
－
51
－
39
△0
1
9
－
△0
23
△186
9
125
19
△321
△3
△73
3,640
0
△23
△784
2,833

△0
1
△2,413254△29△2
0△2,189△0－△2,331－△30△14△0△2,377△418
728△2,188
△50
△2
△4
△91
－
△2,027
△0
78
2,303
2,382

△160
1,050
△1,119
－
－
△188
△305
0
△723
5
△262
2,382
2,120

（５）Notes to consolidated financial statements（Notes to assumptions for going concern）
There are no applicable matters.
（(Segment information, etc）
【Segment information】
１．Overview of reporting segments
The Group's reporting segments are subject to periodic review by the Board of Directors in order to determine theallocation of management resources and evaluate business performance, for which financial information is available
separately among the Group's business constituent units.
The method used to identify reporting segments is by product and service, and there are three reporting segments:① Home use business
Construction, maintenance, operation, support, PB provision, etc.
② Business use business
Construction, maintenance, operation, support, PB provision, etc.
③ Real estate business
Buying, selling, leasing, etc. of real estate
２．Method of calculating the amount of sales, profits or losses, assets, liabilities, and other items for each reporting
segment
The method of accounting for the reported business segments is in accordance with the accounting policy adopted
to prepare the consolidated financial statements.
Profit in the reported segment is based on operating income.

- 14 -

３．Information on the amount of sales, profits or losses, assets, liabilities, and other items for each reporting segment
Previous consolidated fiscal year (from July 1, 2022 to June 30, 2023)（Millions of yen）
AmountReporting Segments
reported on
Adjustment the
Othersamountconsolidated
Total（Notesfinancial（NotesHome use Business use Real estate
１）
Total
statements
２）businessbusinessbusiness（Notes３）
Sales
Sales to externalcustomers

9,600

1,512

1,674

12,787

8

12,795－

12,795

－

－

－

－

－

－

－

－

計

9,600

1,512

1,674

12,787

8

12,795－

12,795

Segment Profit

2,970

289

136

3,396

1

3,398

△1,0782,320

Segment Assets

8,625

366

655

9,647

1

9,648

3,116

12,764

1,374

16

10

1,401

0

1,402

39

1,442

2,391

24

－

2,415

－

2,415

76

2,491

Internal sales ortransfers between
segments

Other items
Depreciation expenses
Amount of increase of
Property, plant andequipment, andIntangible Assets（Notes）１．
「 The "Other"」 category is a business segment that is not included in the reporting segment and includes therenewable energy (electricity) business.
２．The amount of adjustment is as follows.
(1）The adjustment of segment profit of -1,078 million yen is general and administrative expenses that have not been
allocated to each reporting segment.
(2）The adjusted amount of 3,116 million yen in segment assets is a company-wide asset that has not been allocated toeach reporting segment. Company-wide assets consist mainly of surplus funds under management (cash and deposits).
(3）The adjustment for depreciation and amortization of 39 million yen is a depreciation expense related to company-wide
assets that have not been allocated to the reporting segment.
(4）The adjustment for the increase in property, plant and equipment and intangible assets of 76 million yen is the increasein fixed assets related to company-wide assets that are not allocated to reporting segments.
３．Segment profit is adjusted to operating income in consolidated financial statements.

- 15 -

Current consolidated fiscal year(from July 1, 2023 to June 30, 2024)（Millions of yen）
Amountreported on
Adjustment theamountconsolidated
financial（Notesstatements
２）（Notes３）

Reporting Segments

Home use Business use Real estatebusinessbusinessbusiness

Others（Notes
１）

Total

Total

Sales
Sales to externalcustomers

10,386

1,675

523

12,58527

12,613－

12,613

－

－

－

－

－

－

－

－

計

10,386

1,675

523

12,58527

12,613－

12,613

Segment Profit

2,910

480

57

3,448

7

3,456

△1,0682,387

Segment Assets

9,375

430

489

10,2955

10,3002,775

13,076

1,590

20

10

1,621

0

1,621

28

1,650

2,185

77

－

2,262

4

2,267

96

2,364

Internal sales ortransfers between
segments

Other items
Depreciation expenses
Amount of increase of
Property, plant andequipment, andIntangible Assets（Notes）１．
「 The "Other"」 category is a business segment that is not included in the reporting segment and includes therenewable energy (electricity) business.
２．The amount of adjustment is as follows.
(1）The adjustment of segment profit of -1,068 million yen is general and administrative expenses that have not been
allocated to each reporting segment.
(2）The adjusted amount of 2,775 million yen in segment assets is a company-wide asset that has not been allocated toeach reporting segment. Company-wide assets consist mainly of surplus funds under management (cash and deposits).
(3）The adjustment for depreciation and amortization of 28 million yen is a depreciation expense related to company-wide
assets that have not been allocated to the reporting segment.
(4）The adjustment for the increase in property, plant and equipment and intangible assets of 76 million yen is the increasein fixed assets related to company-wide assets that are not allocated to reporting segments.
３．Segment profit is adjusted to operating income in consolidated financial statements.

- 16 -

【Related information】
Previous consolidated fiscal year（from July 1, 2021 to June 30, 2022)
１．Information for each product and service
Since the same information is disclosed in the segment information, it is omitted.
２．Regional information(1）SalesAs there is no sales to external customers outside of Japan, there is no applicable matter(2）tangible fixed assets
The amount of property, plant and equipment located in Japan exceeds 90% of the amount of property, plant andequipment on the consolidated balance sheet. The description has been omitted.
３．Key customer-specific information（Millions of yen）
Name or surname of the customer

Sales

Relevant Segment Name

USEN-NEXT LIVING PARTNERS.
Inc.

1,996

Home use business

Ichigo Owners Inc.

1,581

Real estate businessCurrent consolidated fiscal year(from July 1, 2023 to June 30, 2024)
１．Information for each product and service
Since the same information is disclosed in the segment information, it is omitted.
２．Information by Region(1）SalesSince sales to external customers in Japan exceed 90% of sales in the consolidated income statement, thedescription has been omitted.
(2）tangible fixed assets
The amount of property, plant and equipment located in Japan exceeds 90% of the amount of property, plant andequipment on the consolidated balance sheet. The description has been omitted.
３．Key customer-specific information（Millions of yen）
Name or surname of the customer

Sales

USEN-NEXT LIVING PARTNERS.
Inc

Relevant Segment Name
2,669

- 17 -

Home use business【Information on impairment losses on fixed assets by reported segment】
Previous consolidated fiscal year (from July 1, 2022 to June 30, 2023)
Home usebusiness

Business use
business

Real estatebusiness

24

5

80

Impairment
loss

Total

Adjustment
amountOthers110－（Millions of yen）
Amount reported on the
consolidated financial
statements
110－

Current consolidated fiscal year(from July 1, 2023 to June 30, 2024)
There is no applicable matters.
【Information on amortization of goodwill and undepreciated balances by reporting segment】
Previous consolidated fiscal year (from July 1, 2022 to June 30, 2023)

Depreciation for theperiod（Millions of yen）
Amountreported on the
Adjustment
consolidated
amountfinancialstatements

Home usebusiness

Business use
business

Real estatebusiness

－

－

21

21

－

－

21

－

－

－

－

－

－

－

Total

OthersBalance at the endof the current fiscal
year

Current consolidated fiscal year(from July 1, 2023 to June 30, 2024)
There is no applicable matters.
【Information on Gains on Negative Goodwill by Reporting Segment】
There is no applicable matter.

- 18 -

(Information per share)Previous consolidated fiscal year
（from July 1, 2022
to June 30, 2023)

Current consolidated fiscal year
(from July 1, 2023
to June 30, 2024)

Net assets per share

230.12 yen

285.59 yen

Net income per share

72.70 yen

77.20 yen

Diluted Net income per share

72.58 yen

76.95 yen

（Notes）The basis for the calculation of Net income per share and Diluted Net income per share is as follows.
Previous consolidated fiscal year
（from July 1, 2022
to June 30, 2023)

Current consolidated fiscal year
(from July 1, 2023
to June 30, 2024)

Net income per share
Profit attributable to owners of parent (million yen)

1,482

1,567

－

－

1,482

1,567

20,398,817

20,306,773－－

33,31364,459（33,313）（64,459）

Amounts not attributable to commonshareholders(million yen)
Net income attributable to owners of parent related tocommon stock(million yen)
Average number of shares of common stock during theperiod (shares)

Diluted Net income per share
Adjusted amount of Profit attributable to owners ofparent(million yen)
Increase in common share(shares)（of which Stock acquisition rights(shares)）
Since it does not have a dilution effect, it was notincluded in the calculation of net income per share after－

adjusting for potential shares- 19 -－

（Significant Aftermath）
We have established a joint venture company with H-Power Holdings Inc. (hereinafter referred to as “H-Power Holdings”)(1) Background of Joint Venture Establishment
Our group, as a part of development of a service combining our telecommunication and renewable energy fields together,have established a joint venture company EnePulse Inc. (hereinafter referred to as “EnePulse”) with H-Power Holdings, which
is a consolidated subsidiary of HIKARI TSUSHIN, INC., aiming to expand the sales channels and to increase the corporate
values of both companies though the collaboration.
At EnePulse, the strengths of Fibergate Group in the telecommunications field and the strength of H-Power Holdings inenergy filed are combined to provide infrastructure with both telecommunication service and energy service functions for not
only apartment complexes, medical and nursing care facilities, and hotels, but also new markets.

(2) Summary of the Joint Venture(1) Trade name(2) Address(3) Title and name of representative

EnePulse Corporation
2-10-12 Shiba-Daimon, Minato-ku, Tokyo
Taichi Yamaji, President and Representative Director
Outsourced sales of telecommunications services
Contract sales of renewable energy services
Contract sales of energy services
20 million yen
July 23rd, 2024
June
Fibergate Inc. 51%
H-Power Holdings. Inc. 49%(4) Business(5) Capital stock(6) Date of Establishment(7) Accounting period(8) Major shareholders and shareholding ratio- 20 -