Summary of Consolidated Financial Statements
for First Quarter of Fiscal Year Ending March 31, 2025(Japan GAAP)
August 9, 2024
Listed Exchanges: TSE
Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.
Code:4028
URL http://www.iskweb.co.jp
Representative:(Title) Executive Director President (Name) Hiroshi Okubo
Contact:(Title) Managing Executive Officer (Name) Yasunobu Kawazoe
Scheduled date of dividend payment: —Scheduled date of securities report submission: —Scheduled date of dividend payment commencement: —Tel +81-6-6444-1850(Any amount less than one million yen is rounded down to the nearest million yen or nil.)1.

Consolidated Financial Results for First Quarter of Fiscal Year Ended March 31, 2025(April 1,2024 to June 30, 2024)(1) Consolidated Operating Results
Net sales
millions of yen
37,59537,607

1Q, 2024
1Q, 2023(Note) Comprehensive income:(Percentages represent changes from same period in previous year.)
Profit attributable toOperating income
Ordinary income
owners of parent% millions of yen% millions of yen% millions of yen%-0.0
1,786-44.7
4,136-28.7
2,873-42.3
12.9
3,232
20.3
5,803
31.4
4,985
43.9

as of June 30, 2024: 3,925million yen (-29.4%) , as of June 30, 2023: 5,560million yen (31.2%)
Net income per shareafter full dilution

Net income per share
Yen
75.24
130.701Q, 2024
1Q, 2023

Yen⎯⎯(2) Consolidated Financial Position
Total assets
millions of yen
1Q, 2024
231.019
Year ended March 31, 2024
224,324(Reference) Equity capital:

Net assets
millions of yen
107,367
106,116

Capital adequacy ratio%
46.4
47.3

as of June 30, 2024: 107,302million yen, as of March 31, 2024: 106,068million yen

2. Dividends
Dividends per share(Record date)June 30(Q1-end)

September 30(Q2-end)Yen⎯⎯

Year ended March 31, 2024
Year ended March 31, 2025
Year ending March 31, 2025
(Forecast)

December 31(Q3-end)March 31
(Year-end)

AnnualYen
0.00

Yen
⎯

Yen
70.00

Yen
70.00

0.00

⎯70.0070.00(Note) Revisions to the forecast of cash dividends most recently announced: None
3. Forecast for Consolidated Results for the Full Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)(Percentages represent forecasted changes from the previous year for the full year results,
and forecasted changes from the same period in the previous year for the interim results.)

Net salesInterim (First 2Qs)
Full year

millionsof yen75,000144,000

Operating income
%
11.1
4.0

millionsof yen3,000
10,000

Profit attributable toEarnings per shareowners of parent
millions%%Yenof yen
-36.7
1,500
-60.0
39.27
-39.4
6,000
-24.9
157.07

Ordinary income
%

31.6
-13.0

millionsof yen3,500
9,000(Note) Revisions to the forecast of financial results most recently announced: Yes* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-1-4. Other information(1) Significant changes in subsidiaries during the period(changes in specified subsidiaries resulting in the change in consolidation scope): No change(2) Adoption of simplified accounting treatment and special accounting treatment for quarterly consolidated statement: Not adopted(3) Changes in accounting principles, procedures, and the method of presentation1) Changes due to revisions of accounting standards etc.
: Adopted
2) Changes other than those defined in 1) above: Not adopted
3) Changes in accounting procedures: Not adopted
4) Changes in the method of presentation: Not adopted(4) Issued shares (common shares)
1) Issued shares as of period-end (including repurchased treasury shares)
As of June 30, 2024: 40,383,943 shares
As of March 31, 2024: 40,383,943 shares
2) Number of shares of treasury stock as of period-end
As of June 30, 2024: 2,188,052 shares
As of March 31, 2024: 2,186,519 shares
3) Average number of outstanding shares during period
1Q 2024: 38,196,552 shares
1Q 2023: 38,140,128 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Notes on proper use of forecast and other matters
The forecast of financial results presented in this document is the result of management’s assessment based upon currently available assumptions,prospects and plans for the future. Actual results and dividend payments may differ from these forecasts, due to risks and uncertain factors, such as
the global economy, competition, and foreign currency fluctuations.

* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-2-5. Consolidated Financial Statements, and Main Notes(1) Consolidated Balance Sheet(Unit: millions of yen)
As of March 2024
(summary)

Account Category

As of June 2024

ASSETS
Current Assets
Cash and deposits

19,982

21,591

Notes and accounts receivable-trade and contract assets

42,85945,302

Electronically recorded monetary claims - operating
Merchandise and finished goods

1,617
52,371

2,649
52,743Work in process

8,132

8,676

Raw materials and supplies
Other

30,871
5,640

30,766
5,350

Allowance for doubtful accounts

-302

-284

161,173

166,796

Machinery, equipment net

12,913

13,169Others, net

28,64628,495

Total property, plant and equipment

41,56041,664

2,052

2,244

9,648
7,630

10,694
7,300

2935

Other
Allowance for doubtful accounts

2,281
-52

2,337
-53

Total investments and other assets

19,537

20,314

63,15064,223

224,324

231,019

Total current assets
Noncurrent Assets
Property, plant and equipment

Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit asset

Total noncurrent assets
Total Assets* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-3-(Unit: millions of yen)Account Category

As of March,2024(summary)

LIABILITIESCurrent Liabilities
Notes and accounts payable – trade
Electronically recorded obligations - operating
Short-term loans payable
Currents portion of bonds
Income tax payable

As of June 2024

20,97428,4001,979
15,2801,673
15,365

968

863

1,439
1,324

611
2,221

ReserveOther

11,090

11,108

Total current liabilities

53,05660,244

Noncurrent Liabilities
Bonds payable
Long-term loans payable
Provision for environment and safety improvement
Net defined benefit liability

1,991

1,991

47,839195

46,04846

12,007

12,076

Other

3,116

3,243

Total noncurrent liabilities

65,15063,407

118,207

123,652

43,42043,42010,67250,48910,67250,689-2,653-2,655

101,928

102,127

Total Liabilities
NET ASSETS
Shareholder’s equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholder’s equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total Liabilities and Net Assets* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-4-817

962

2,989

4,034

333

177

4,139

5,174

48
106,116
224,32465
107,367
231,019

(2) Consolidated Statements of Income(Unit: millions of yen)
Q1 2024(April 1,2024 toJune 30,2024)

Q1 2023(April 1,2023 toJune 30,2023)

Account Category
Net sales

37,60737,595

Cost of sales

28,06328,703Gross profit

9,544

8,892

Selling, general and administrative expenses

6,312

7,105

Operating income

3,232

1,786Interest income

2747

Dividends income
Share of profit of entities accounted for using equity method

196
423

180
670

1,971
79

1,764
48

165

352,863

2,747

143

181

Non-operating income

Foreign exchange income
Gain on sales of raw materials
Other
Total non-operating income
Non-operating expenses
Interest expenses
Financial fee

95

110

Other

53

104

Total non-operating expenses
Ordinary income

292

397

5,803

4,136

217

308

Extraordinary loss
Loss on disposal of non-current assets
Total extraordinary loss

217

308

5,586

3,827

Income taxes

639

582

Income taxes – deferred-38354

Income before income taxes and minority interests

Total income taxes
Net income
Profit attributable to non-controlling interests
Profit attributable to owners of parent* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-5-600

937

4,985

2,890

―164,985

2,873

(Unit: millions of yen)
Q1 2023(April 1,2023 toJune 30,2023)

Account Category
Profit

Q1 2024(April 1,2024 toJune 30,2024)

4,985

2,890Valuation difference on available for sale securities

177

145

Foreign currency translation adjustment

274

893

Remeasurements of defined benefit plans, net of tax

13-156Equity in profit / loss of affiliated companies

109

152

Total other comprehensive income

575

1,035

5,560

3,925

5,560

3,909

―

16

Other comprehensive income

Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to the parent company
Comprehensive income attributable to non-controlling interests* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-6-6.Segment Information)【Business Segment Information】
1Q of Fiscal Year Ended March 31, 2024 (April 1, 2023 to June 30, 2023)(1) Information relating sales, profits, losses, for each reporting unit
(Unit: millions of yen)
Organic
Chemicals
Sales(1) Sales to externalcustomers(2) Intersegment sales
and transfers
Total
Segment profit or loss (-)

Inorganic
Chemicals

Other
Businesses

Elimination/Corporate

Total

Consolidated

20,20016,789647

37,607―37,6070―469469-469―

20,2002,797

16,7891,306

1,116-68

38,077
4,035-469-803

37,607
3,232(Note) 1. Adjustment include the following items(1) Adjustment in segment profit or loss (-803million yen) includes elimination of transaction between segments(54millionyen) and corporate expenses not allocated to reporting segments(-858million yen). Corporate expenses mainly comprise
general expenses not allocated segments.
(2) Segment profit or loss is adjusted to be consistent with operating income shown on the quarterly consolidated income
statement.
(2) Geographical informationNet Sales(Unit: millions of yen)Japan
14,279Asia

America
5,969Europe

6,734

Other

10,378

Total
244

37,607(Note) 1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses.
Countries and regions included in each geographic segment are follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, Singapore and India(2) Americas : United States of America, Canada, Brazil, Argentina, and Mexico(3) Europe : Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and East Europe and Middle East regions(4) Other: Australia, New Zealand and Africa(3) Information concerning impairment loss or goodwill on noncurrent assets by segment
We do not note any significant changes.
【Business Segment Information】
1Q of Fiscal Year Ended March 31, 2025 (April 1, 2024 to June 30, 2024)(1)Information relating sales, profits, losses, for each reporting unit

Organic
Chemicals
Sales(1) Sales to externalcustomers(2) Intersegment salesand transfers
Total
Segment profit

InorganicChemicals

OtherBusinesses

TotalAdjustment(Unit: millions of yen)Amount reported on
consolidated financial
statements

18,086

18,566942

37,595―37,5950―700

700-700―

18,086
1,668

18,566
1,131

1,642
9

38,2952,808-700-1,02237,595
1,786(Note) 1. Adjustment include the following items(1) Adjustment in segment profit (-1,022million yen) includes elimination of transaction between segments(48million yen) andcorporate expenses not allocated to reporting segments(-1,070million yen). Corporate expenses mainly comprise generalexpenses not allocated segments.
(2) Segment profit is adjusted to be consistent with operating income shown on the quarterly consolidated income statement.

* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-7-

(2)Geographical information
Net Sales(Unit: millions of yen)Japan12,817

Asia

America
8,155

Europe

4,819

Other

11,372

Total
430

37,595(Note) 1. Net sales by geographic segment are based on nations or regions where customers reside.
2. Grouping of countries and regions is based on the geographic proximity and relevance of businesses.
Countries and regions included in each geographic segment are follows, excluding Japan:(1) Asia: China, Taiwan, South Korea, Thailand, Indonesia, Singapore and India(2) Americas : United States of America, Canada, Brazil, Argentina, and Mexico(3) Europe : Germany, Netherlands, France, the United Kingdom, Belgium, Italy, and East Europe and Middle East regions(4) Other: Australia, New Zealand and Africa(3) Information concerning impairment loss or goodwill on noncurrent assets by segment
We do not note any significant changes.
(Notes on statement of cash flows)
Quarterly consolidated statement of cash flows has not been prepared for the first quarter of the current fiscal year.
Depreciation and amortization (including amortization expenses pertaining to intangible assets) pertaining to the first quarter of thecurrent fiscal year are as follows.
Q1 2023(April 1,2023 to June 30,2023)
Depreciation and amortization

1,406 million yen* This is an English translation of Summary originally written in Japanese and disclosed to TSE
For official purposes, the Japanese version takes preference over this English translation-8-

Q1 2024(April 1,2024 to June 30,2024)
1,180 million yen