1Q FY2024 (Apr 2024 – Jun 2024)
Consolidated Financial Results
Aug 9, 2024
Restar Corporation
Copyright 2024 Restar Corporation

1<Cautionary Statement Regarding Forward-Looking Statements>
Our current plans, forecasts, and strategies presented in this presentation are forward-looking statements about our future performance and are based on our judgment derived
from the information currently available to us. They are based on our judgment derived from the information currently available to us. Actual results may differ from theseprojections due to changes in various external and internal factors. Important factors that may affect actual results include, but are not limited to, global and Japanese economic
trends, sharp fluctuations in foreign exchange rates, war, terrorist activities, disasters and epidemics, etc. Please refrain from using this material and data without permission.

＜ Contact ＞
Restar PR・IR Department
E-mail：irpr@restargp.com

1Q FY2024
Consolidated Financial Highlights

Copyright 2024 Restar Corporation2

Highlights
Net sales increased due to sales growth in automotive applications, in addition to improved performance in the EMS
business as the smartphone market recovered, and consolidation of subsidiaries in the devices business, whileoperating profit increased due to sales growth in the Devices Business Unit, profit attributable to owners of parent
increased due in part to tax effect accompanying the business organization implemented.

➢ Net sales
Increased mainly due to sales growth in automotive applications, in addition to improved performance in the EMS
business as the smartphone market recovered, and consolidation of subsidiaries (Restar WPG Corporation in July
2023 and Restar Embedded Solutions Corporation in January 2024). (+13.3％ YoY)
➢ Operating profitIncreased mainly due to sales growth in the Devices Business Unit. (+67.8％ YoY)
➢ Ordinary profit
Increased due to the same reasons as for operating profit. (+101.4% YoY)
Copyright 2024 Restar Corporation3➢ Profit Attributable to Owners of Parent
Increased due in part to tax effect accompanying the business organization implemented in April 2024. (+340.8％ YoY)FY24 1Q Consolidated results

Million yen

1Q FY23Amount

Copyright 2024 Restar Corporation

4YoY

1Q FY24% of Net Sales

Amount% of Net Sales

GrowthChange (%)

Net Sales

119,563-135,425-

15,861

13.3%

Gross Profit

9,889

8.3%

12,264

9.1%

2,375

24.0%

SG＆A

7,133

6.0%

7,640

5.6%

506

7.1%

Operating Profit

2,755

2.3%

4,624

3.4%

1,868

67.8%

Ordinary Profit

1,752

1.5%

3,530

2.6%

1,777

101.4%

683

0.6%

3,013

2.2%

2,329

340.8%

Profit Attributable toOwners of Parent

Device Business Unit

（Million yen）

EMS
Sales increased due to growth in sales for mainstay smartphones
applications.

126,645
11,855

EMS 6,976

EMS 2,935

Devices
3,540

Devices

Devices

2,213

108,919

EMS 194119,668
Devices

Devices

3,346

2,329
Copyright 2024 Restar Corporation

5

Sales increased due to strong sales for automotive
applications and consumer devices and the addition ofconsolidated subsidiaries (Restar WPG Corporation in July
2023 and Restar Embedded Solutions Corporation in January2024) although sales of products for industrial equipment
remained weak. Demand for automotive product also remained
strong in global procurement/trading.

EMS （116）
Net sales

Segment profit

1Q FY23

Net sales Segment profit

1Q FY24

Segment profit
Segment profit increased due to higher sales in the devices andEMS businesses.

System Business Unit

（Million yen）

Eco-solution
10,000

8,780

9,000

3,600

7,708
8,000
3,100

7,000

6,000

Eco-solution

Eco-solution

5,378

3,747
5,000

2,600

1,404

4,000

2,100

System Solution
1,600

907
3,000

2,000

1,000

Copyright 2024 Restar Corporation

6SystemSolution

Eco-solution

3,960

1,165
System solution(258)

0-1,000

Sales increased owing to strong sales of electricity in addition toan expansion of solar power generation in Japan, and an increasein the number of new contracts in the power purchase agreement(PPA) business.

Net salesSegment profit

1Q FY23

SystemSolution

1,100

Eco-solution

1,679

Sales decreased due to weak sales mainly for system equipment,such as broadcasting and access control terminals.

600

3,402
System solution
(274)

100

Net sales Segment profit-400

1Q FY24

Segment profit
Segment profit increased due to the contribution of owned
power sources by the eco-solution business, despite a decrease
in income due to lower sales in the system solution business.

Consolidated Balance Sheet
Assets:An increase in electronically recorded monetary claims – operating, a decrease in notes receivable- trade and accounts receivable – trade, and a decrease of merchandise and finished goods

Liabilities: A decrease in notes and accounts payable – trade, a decrease of short-term borrowings- trade
and an increase in long-term borrowings

Million yen

As of March 31, 2024

As of June 30, 2024

AssetsCurrent Assets

234,350

225,679

Non-current Assets

57,35357,561

Total Assets

291,704

283,241

Current Liabilities

180,132

159,406

Non-current Liabilities

20,54730,651Net Assets
Total Liabilities and Net
Assets91,024

93,183291,704

283,241

28.9%

30.3%

Liabilities and Net Assets

Copyright 2024 Restar Corporation

7

Capital Adequacy Ratio

Forecasts and progress for the full year ending March 31, 2025

Million yen

Copyright 2024 Restar Corporation

8

FY24 Full year

1Q FY24

AmountAmountProgress rate

Net Sales

560,000

135,425

24.1%

Operating Profit

16,000

4,624

28.9%

Ordinary Profit

10,500

3,530

33.6%

Profit Attributable toOwners of Parent

8,000

3,013

37.6%

■There is no change to the full-year earnings forecast announced on May 13, 2024.

Progress of Business Performan ce by Business Unit
Million yen

AmountProgress rate
24.5%

Devices493,800

119,678

24.2%

EMS

23,100

6,976

30.2%

System business unit

43,400

8,784

20.2%

System Solution

25,700

3,406

13.3%

Eco-solution

17,700

5,378

30.4%

(300)

(14)

-Consolidated

560,000

135,425

24.2%

Devices business unit

13,400

3,540

26.4%

12,750

3,346

26.3%

650

194

29.9%

System business unit

2,600

1,404

54.0%

System Solution

850

(274)

-

1,750

1,679

96.0%

0(321)-

16,000

4,624

28.9%

Devices
EMS
Copyright 2024 Restar Corporation

9Amount

126,655

Corporate and Adjustment

Operating Profit

1Q FY24

516,900

Devices business unitNet Sales

FY24 Full year

Eco-solution
Corporate and Adjustment
Consolidated

Shareholder Return Policy■ Basic policy for the period of the medium-term management plan ending March 31, 2027••••

Consideration of balance between stable and enhanced shareholder returns, proactive investment ingrowth areas, and financial soundness*DOE 4% or higher
Stable and continuous dividend increase
Flexible share buybacks for excess capital*DOE（Dividend on Equity)：＝ Dividend ÷ Equity = Dividend yield × PBR
Since the dividend is based on equity, it is less sensitive to fluctuations in earnings than the dividend payout ratio, andtherefore, is more stable. We are committed to shareholder return, viewing DOE as an important indicator so that ourshareholders can hold our shares for a long time with a sense of security.

Copyright 2024 Restar Corporation

10Dividend forecast
for the fiscal year
ending March 31, 2025

the 2nd quarter-end

Year-end

Total

60 yen60 yen120 yenManagement Philosophy of Restar Group

MissionVisionWe help society evolve by leveraging information and technology
to create and deliver new value and services.

We aim to be “The Electronics Value Platformer”
that accommodates all manner of stakeholder needs.
Global (in view and scale) / Social Contribution / Collaboration and Innovation
Through collaboration, we reflect diverse points of view
as we create new cultures and values.

Copyright 2024 Restar Corporation

11Values

Through innovative ideas and passion,
we take on challenges and aim for higher targets.
By expanding our business arena to encompass the entire world,
we contribute to sustainable social evolution.

Restar Group Vision Business Topics

Aim to be“The Electronics Value Platformer ” with a scale of 1 trillion yen that
accommodates al l manner o f s t akeholder n eeds

Create an innovativebusinessInformation ×Technology
Improve added value

Group Synergies

Diversified Business
DevelopmentBusiness Topics (Period: May - August 2024)

Copyright 2024 Restar Corporation

12

1.

Tender offer for PCI Holdings, INC. and capital and business alliance2.

New large-scale solar power plant- Solar sharing for beekeeping and cultivation of nectar
plants - Value-added

1.Tender offer for PCI Holdings, INC. and capital and business alliance ①
On August 9, 2024, the Company's Board of Directors resolved a tender offer for shares of PCI Holdings, INC.(hereafter PCI HD),listed on the Tokyo Stock Exchange Standard Market, and the new capital and business alliance agreement.

■ Company profile■ Tender offer
Current status

PCI Holdings, INC.

PCI HD shareholders

RestarCopyright 2024 Restar Corporation

13

Listed market

Tokyo Stock Exchange Standard Market（code 3918）- Share capital- Net sales- Fiscal year end- 2,091 million yen(Mar 31,2023）- Approx. 28.4 billion yen(ended Sep 2023）- Sep 30

Business line

Information services including softwaredevelopment (embedded systems/enterprisesystem),development and maintenance ofself-developed solutions and dispatch of ITengineers

5.８３％
１.１６％

PCI HD

After tender offer

RestarPCI HD shareholders

50.５０%- Establishment- Number of employees

Main subsidiaries- Apr 2005
- Consolidated 1,621 （Sep 30,2023)

PCI Solutions INC.
SORD CORPORATIONPRIVATECH Inc.
Three other companies

PCI HD

Schedule

Start date of tender offer
End date of tender offer

Aug 13, 2024
Sep 20, 2024

1.Tender offer for PCI Holdings, INC. and capital and business alliance ②
Among the basic policies set in our medium-term management plan, we will promote initiatives aimed at thecommercialization of " IT & SIer" and "Engineering" as part of the "Expansion of Business Domain"
1. Synergies throughthe collaborativerelationship after
the tender offer① Maintain PCI HD's independence as a listed company in accordance with the intent of each principle of theCorporate Governance Code and other listing rules, etc.
② Effective utilization of management resources of both companies, as well as creation, promotion, andacceleration of "IT & SIer" and "Engineering" business pillars based on PCI HD's core technological capabilities,
based on our extensive accounts, scale, and financial strength, including those in the manufacturing industry.
③ Through expansion of scale and improvement of profitability (technological capabilities), the two companies will
pursue further synergies based on the relationship between the two companies, which has been continuously
strengthened in the past, to increase the corporate value of the two companies and ultimately maximize
shareholder returns of the two companies.
④ The goal is for both companies to become a leading group in the restructuring of the IT industry.

Main contentsCopyright 2024 Restar Corporation14(the old capital andbusiness alliance
contracted on June27,2018 terminated)

Expansion of the business for the manufacturing industry through market deepening/expansion
Expansion of quality and quantity of technical resources
Development into SIer upstream processes by strengthening planning and proposal capabilities
Reinforcement of management base and scale merits

Purpose2. New capitaland businessalliance①②③④① Strengthening the sales expansion structure of PCI Group SORD's products, mainly PALTEK and Restar
Embedded Solutions with strengths in the industrial equipment/medical markets, etc.
② Strengthen PRIVATECH's business by extending FAE support to Device BU, consolidating semiconductor design
and reliability related businesses, and splitting and integrating businesses.
③ Collaborate with Systems BU and businesses for smart solution and promote the use of PCI Solutions’technology and upstream process entry through collaboration with SBI Holdings and security companies.
④ Build our platform infrastructure and utilize PCI Solutions' functionality through our group IT department
functions.
Click here to see the press release on this matter（Japanese only for now)＞https://pdf.irpocket.com/C3156/Rhyn/tMjH/UDO5.pdf

2. New large-scale solar power plant - Solar sharing for beekeeping andcultivation of nectar plants - Value-added• The fifth and largest solar sharing* power plant was established in Hitoyoshi City, Kumamoto Prefecture, in February of this year
• Nectar plant cultivation began in August 2024 and beekeeping is scheduled to begin this fall (VITEC AGRI-POWER CO., LTD., aqualified agricultural land holding corporation)
Solar power plants: 75 in Japan, 88 in Taiwan
Total: 219 MW (as of June 30, 2024)
Solar & wind power generation in Japan and Taiwan
JapanTaiwan

Photo: Solar panels (left) and nectar plants (hairy vetch) growing under the facility (right)

Copyright 2024 Restar Corporation

15

Through coordinated efforts to utilize renewable energy and idle farmland

promoting environmental conservation and regional development.

*ｓolar sharing

An initiative to install solar panels on farmland to generate electricity while farming under the solar panels.

Copyright 2024 Restar Corporation

16