Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 6, 2024
Company name:AIPHONE CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

6718
URL https://www.aiphone.co.jp/
President (Representative Director)
Tomio Suzuki

Inquiries:

Executive Officer,General Manager,
Administrative Headquarters and Corporate

Naoki Isomura

Planning Department
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
Holding of financial results meeting:

NoNoTEL052-228-8181(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
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
15,887
13.3
1,599
7.9
1,837
0.4
1,317 (12.8)
Three months ended June 30, 2023
14,018
24.7
1,481
71.8
1,830
60.2
1,511
75.0
Note: Comprehensive income

Three months ended June 30, 2024
Three months ended June 30, 2023

¥2,568 million [(16.9)%]¥3,090 million [51.1%]

Earnings per share

Diluted earnings per share

Yen
80.48
92.52

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024
Reference: Equity

Net assets

Millions of yen
76,15878,416
As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
66,17264,913

%
86.9
82.8

¥66,172 million¥64,913 million

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2024

Yen–Yen
50.00

Yen–Yen80.00

Yen
130.00Year ending March 31, 2025

–50.00–80.00130.00Year ending March 31, 2025 (Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: No1Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen

29,500(2.2)

2,000(33.8)

2,100(40.1)

1,500(43.2)

91.66

62,3001.6

4,500(14.6)

5,000(18.4)

3,600(22.5)

219.98(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes

Note: Revisions to the forecast of financial results most recently announced: No
4. Notes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

18,220,000 shares As of March 31, 2024

18,220,000 shares

Number of treasury shares at the end of the period
As of June 30, 2024

1,855,220 shares As of March 31, 2024

1,855,220 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

16,364,780 shares Three months ended June 30, 2023

16,334,115 shares* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or anaudit corporation: No* Explanation of proper use of financial results forecast, and other special matters
The forward-looking statements, including the financial results forecast shown in this document, are based on information currently available tothe Company and on certain assumptions deemed to be reasonable by the Company. As such, they do not constitute guarantees by the Companyof future performance. Actual performance and other results may differ materially due to various factors.

2Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

22,12910,461

21,127
10,106

Electronically recorded monetary claims - operating
Securities

3,249
598

2,769599

Finished goods
Work in process

7,183
2,455

6,820
2,617

Raw materials
Other

11,059784

10,605
824

(87)

(94)

57,83355,376

6,867

7,060

Accumulated depreciation(5,011)(5,129)Buildings and structures, net

1,855

1,930

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Machinery, equipment and vehicles

3,225

3,397

Accumulated depreciation(2,351)(2,528)873

869

Tools, furniture and fixtures

Machinery, equipment and vehicles, net

8,443

8,723

Accumulated depreciation(7,710)(7,951)

732

772

Land

4,171

4,194

Leased assets
Accumulated depreciation

800(332)

836
(372)

468

464

Tools, furniture and fixtures, net

Leased assets, net
Construction in progress

82

48

8,184

8,279

Other

00

Total intangible assets

00

Investment securities
Deferred tax assets

9,632
1,762

9,716
1,791

OtherAllowance for doubtful accounts

1,004
(0)

995
(0)

Total investments and other assets

12,39812,502

20,582

20,78278,41676,158

Total property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Electronically recorded obligations - operating

713

428

Accounts payable - trade
Lease liabilities

1,932
209

2,111
180

Income taxes payable
Contract liabilities

1,029
361

607
411

221–

219
641

Other

5,972

3,966

Total current liabilities

10,4418,565

Lease liabilities
Deferred tax liabilities

250
4275
4

Deferred tax liabilities for land revaluation
Retirement benefit liability

118
425

118
457

Provision for product warranties
Provision for bonuses

Non-current liabilities

Other

2,263

565

Total non-current liabilities

3,061

1,420

13,502

9,986

Share capital
Capital surplus

5,388
5,430

5,388
5,430

Retained earnings
Treasury shares

49,011(3,166)49,019(3,166)

Total shareholders' equity

56,66456,6723,453

3,512(426)5,119(426)6,317

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4101

96

8,249

9,500

64,913

66,17278,41676,158

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

14,018
7,563

15,887
8,825

Gross profit

6,454

7,061

Selling, general and administrative expenses

4,972

5,462

Operating profit

1,481

1,599

Interest income
Dividend income

27113

35116

Rental income from buildings
Foreign exchange gains

5203

679

Non-operating income

Other

99359

247

Interest expenses
Other8126

Total non-operating expenses

109

1,830

1,837

Gain on sale of non-current assets
Gain on sale of investment securities

01800–

Total extraordinary income

1800

Extraordinary losses
Loss on sale of non-current assets–005

Total non-operating income
Non-operating expenses

Ordinary profit
Extraordinary income

Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes

05

2,011

1,832

499

515

Profit

1,511

1,317

Profit attributable to owners of parent

1,511

1,317

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
1,511

1,317

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

385
1,191

58
1,197

Remeasurements of defined benefit plans, net of tax

2(4)

1,579

1,251

Comprehensive income

Total other comprehensive income

3,090

2,568

Comprehensive income attributable toComprehensive income attributable to owners of parent

3,090

2,568

6