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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 13, 2024
Company name:

YAMAZEN CORPORATION

Stock exchange
listing:
Stock code:

Tokyo8051

URL https://www.yamazen.co.jp/

Representative:
Inquiries:

President, CEODirector, Executive Officer,
President of Corporate Administration H.Q.
Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

Koji KISHIDA

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

Masamichi YAMAZOE

TEL 06-6534-3003

February 14, 2024-(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(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%
Nine months ended December 31, 2023
378,130-4.0
7,541 -37.9
7,975 -38.0
5,092 -41.1
Nine months ended December 31, 2022
393,991
7.0
12,138-1.3
12,857
4.7
8,641
-2.3
Note: Comprehensive income

For the nine months ended December 31, 2023: 7,562 million [-6.0%]
For the nine months ended December 31, 2022: 8,048 million [-17.9%]
Earnings per share

Diluted earnings per share

Yen
57.32
97.26

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen
52.53
89.31

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
286,536
288,888

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
127,762
123,757

Net assets per share
%
44.2
42.6

Yen
1,426.68
1,383.65

Reference: Equity
As of December 31, 2023: 126,755 million
As of March 31, 2023: 122,928 million
2. Cash dividends
Annual dividends per share1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen

Yen

Yen

Yen

Yen-

20.00
20.00

-20.00

40.00

29.00

49.00

Year ended March 31, 2023
Year ending March 31, 2024
Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Net sales
Millions of yen

Full year

500,000

Operating profit% Millions of yen-5.2

10,000

Profit attributable toowners of parent

Ordinary profit

Earnings per share%

Millions of yen%

Millions of yen%

Yen-39.6

10,000-42.1

6,700-46.5

75.411

Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoneNone(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:
None
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:

Yes
None
None

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

95,305,435 shares As of March 31, 2023

95,305,435 shares

Number of treasury shares at the end of the period
As of December 31, 2023

6,458,612 shares As of March 31, 2023

6,461,972 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023
88,844,819 shares Nine months ended December 31, 2022
88,843,541 shares
Note: The company has introduced Board Benefit Trust (BBT). Number of treasury shares at the end of the period include the Company’s shares
held by Board Benefit Trust (BBT) (176,600 shares as of December 31, 2023, 180,000 shares as of March 31, 2023). In addition, number of treasury
shares excluded for calculating the average number of shares during the period include the Company’s shares held by Board Benefit Trust (BBT)(178,300 shares for the nine months ended December 31, 2023, 180,000 shares for the nine months ended December 31, 2022).

* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements 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. Therefore, the Company does not makepromises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

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