Summary of Business Results for the Year Ended March 31, 2024
[Japan GAAP] (Consolidated)
May 15, 2024
Akatsuki Corp.
Listed on the TSE8737
URL: https://www.akatsuki-fg.com/
Hideaki Shimane, President and Representative Director
Michihiro Kitano, Director, Executive Officer, Manager ofContact
T E L: +81-3-6821-0606
President’s Office
Expected date of annual shareholders’ meeting: June 26, 2024
Expected starting date of dividend payment: June 27, 2024
Expected date of filing of annual securities report: June 26, 2024
Preparation of supplementary financial document: Yes
Results briefing: NoneCompany
Stock Code
Representative（Rounded down to million yen）

1. Consolidated business results for the fiscal year ended March 2024
(April 1, 2023 through March 31, 2024)(1) Consolidated results of operations(% change from the previous corresponding period)

Net operating
revenues

Operating revenues%%

Million yen%

Million yen

%

3,419
1,803

89.6
14.9

3,813
1,457

161.6
18.6

Net income
per share

Million yen

Ordinary income

46,681
18.7
19,83933.2
39,336
11.4
14,893-10.6(Reference) Net income before income taxesYear ended March 2024: 3,768 million yen (156.4%)
Year ended March 2023: 1,470 million yen (3.4%)(Note) Comprehensive income
Year ended March 2024: 2,639 million yen (179.7%)
Year ended March 2023: 943 million yen (-4.8%)

Year ended Mar. 2024
Year ended Mar. 2023

Million yen

Operating income

Diluted net income
per shareYen

Year ended Mar. 2024
82.83
Year ended Mar. 2023
25.42(Reference) Investment earnings/loss on equity-method
Year ended March 2024: -7 million yen
Year ended March 2023: -10 million yen

Ratio of ordinary
income tototal assets

Return onequity

Yen-Net income attributable toowners of parent%
225.1
-22.5

Million yen

2,538
780

Ratio of operating
income to operating
revenues％％％

16.7
5.5

4.7
2.2

7.3
4.6

(2) Consolidated financial position
Total assets

Net assets

Million yen
92,13069,275

As of Mar. 2024
As of Mar. 2023

Million yen
16,74914,857

Shareholders’ equity
ratio%
17.5
20.6

Net assets pershareYen
528.99464.72(Reference) Shareholders’ equity
As of March 2024: 16,136 million yen
As of March 2023: 14,304 million yen(3) Consolidated results of cash flows

Year ended Mar. 2024
Year ended Mar. 2023

Cash flows fromoperating activities
Million yen817-474

Cash flows frominvesting activities
Million yen-771
51

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Cash flows fromfinancing activities
Million yen
10,783-631

Cash and cash equivalents
at the end of period
Million yen
22,235
11,406

2. Dividends
Annual dividend
End of 1Q

End of 2Q

Yen
Year ended Mar. 2023
Year ended Mar. 2024
Year ending Mar. 2025
(forecast)End of 3Q

Year-end
Yen

Total
dividend(Total)

Total

-9.50
9.50

YenYen-

9.50
11.50

19.00
21.00

Yen-

11.00

-

11.00

22.00

Dividend
payout ratio(Consolidated)

Million yen645
713

Rate of total
dividend tonet assets(Consolidated)

%%

74.7
25.4

4.1
4.2

25.8

* “Rate of total dividend to net assets (Consolidated)” is the ratio of annual dividends per share to the average amount of net assets per
share at the beginning and end of the fiscal year. The Company strives to maintain a minimum level of 4.0% unless their financial
soundness is impaired.

3. Forecast of consolidated business results for the fiscal year ending March 2025
(April 1, 2024 through March 31, 2025)
Operating revenues
Million yen(% change from the previous corresponding period)

Operating income%Million yen

Net income attributable toowners of parent

Ordinary income%Million yen%

Million yen

Net incomeper share%

Yen

Year ending
52,000
11.4
4,100
19.9
4,200
10.1
2,600
2.4
85.24
Mar. 2025*As reference information, the Company also discloses "Forecast of Consolidated Earnings before Income Taxes and Minority Interests" asfollows.
Income before income taxes and minority interests: 4,200 million yen (Year-on-year change: 11.4%)*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes in thescope of consolidation): Yes
Newly included: 1 (LLC Matsunoki)(2) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: None: None: None: None(3) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of March 2024
34,029,544 shares
As of March 2023
34,029,544 shares②Treasury stock at the end of period
As of March 2024
3,525,925 shares
As of March 2023
3,248,074 shares③Average number of stock during period
Year ended March 2024
Year ended March 2023

30,649,295 shares
30,722,892 shares(Note) The number of treasury stock which is deducted for calculating the number of treasury stock during period and the average
number of shares during the period includes the shares of the Company owned by the ESOP Trust Account and the BBT TrustAccount.

- 2 -*Financial summary is not subject to auditing procedures by certified public accountants or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company andcertain assumptions that the company deems to be reasonable at the time this report was prepared. Actual results may differ
significantly from the forecasts due to various factors.
This document is an English translation of a Japanese announcement made on the date above. Although the we intended tofaithfully translate the Japanese document into English, the accuracy and correctness of this English translation is notguaranteed and thus you are encouraged to refer to the original Japanese document.

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