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 9, 2024
Company name:XEBIO HOLDINGS CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

8281
URL
President & CEO

http://www.xebio.co.jp
Tomoyoshi Morohashi

Inquiries:
CFO
Scheduled date to commence dividend payments:

Kazuhiko Nakamura–Preparation of supplementary material on financial results:
Holding of financial results meeting:

YesNo

TEL

03-6870-6008(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
65,142
4.6
3,854
46.9
4,330
37.5
2,785
40.1
Three months ended June 30, 2023
62,2661.3
2,624 (37.2)
3,149 (35.1)
1,987 (37.5)
Earnings per share

Diluted earnings per share

Yen
63.23
44.95

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

Yen
62.86
44.69

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
215,980
209,530

As of June 30, 2024
As of March 31, 2024

Equity ratio

Millions of yen
126,378
124,813

Net assets per share%58.2
59.2

Yen
2,871.62
2,806.34

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
15.00

Yen–

Yen
15.00

Yen
30.00

Year ending March 31, 2025

–
15.00

–

15.00

30.00

Year ending March 31, 2025 (Forecast)Total

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

124,858

4.0

3,183

7.2

3,355(8.6)

1,984(1.8)

44.88

250,958

3.5

6,002

42.8

6,284

16.3

3,002

15.8

67.90

1

4. Notes(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:

No(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

47,911,023 shares As of March 31, 2024

47,911,023 shares

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

4,157,187 shares As of March 31, 2024

3,700,367 shares

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

44,044,401 shares Three months ended June 30, 2023

244,210,678 shares

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

24,941
22,58428,02022,117

Operating loans
Merchandise809
82,943796
86,090

Income taxes refund receivable
Other

239
8,850

265
9,236

Allowance for doubtful accounts

(399)

(383)

139,969

146,142

53,16254,447

Accumulated depreciation(38,614)(39,702)

Buildings and structures, net

14,547

14,745Land

14,066

14,220

Leased assets
Accumulated depreciation

6,072(2,308)6,072(2,420)

Leased assets, net

3,763

3,652

Construction in progress
Other

199
24,264307
24,676(20,302)(20,684)

3,961

3,992

36,53936,917

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill

44

39

Software
Other

5,659
2,500

5,786
2,248

Total intangible assets

8,203

8,074

Investments and other assets
Investment securities

2,521

3,139

Long-term loans receivable
Deferred tax assets

6
3,792

5
3,209

Guarantee deposits
Leasehold deposits

1,267
13,972

1,182
14,166

Investment property
Accumulated depreciation

3,119(1,305)

2,239(616)

Investment property, net

1,813

1,622

Retirement benefit asset
Other1,055
549

1,058
669

Allowance for doubtful accounts

(161)

(207)

Total investments and other assets

24,81824,84569,561

69,837

209,530

215,980

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade17,535

18,074

Electronically recorded obligations - operating
Short-term borrowings

32,966700

38,258700

Current portion of long-term borrowings
Income taxes payable

1,838
547

1,852
1,259

Provision for bonuses
Provision for bonuses for directors (and other officers)

1,319
15

635
18

Provision for point card certificates
Other

170
15,467297
14,950Total current liabilities

70,55976,048Non-current liabilities
Long-term borrowings

2,936

2,485

4,479
842

4,336
824

59

59

Asset retirement obligations
Other

4,991
847

5,024
823

Total non-current liabilities

14,157

13,55384,71789,602

Shareholders' equity
Share capital

15,935

15,935

Capital surplus
Retained earnings

16,11997,765

16,11999,887

Treasury shares(6,498)(7,012)

Total shareholders' equity

123,321

124,929

Valuation difference on available-for-sale securities
Foreign currency translation adjustment442(32)636(267)

Remeasurements of defined benefit plans

337

346

Total accumulated other comprehensive income

748

715

Share acquisition rights

381

353

Non-controlling interests

361

379

124,813

126,378

209,530

215,980

Lease liabilities
Retirement benefit liability
Provision for retirement benefits for directors (and otherofficers)

Total liabilities
Net assets

Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4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

62,26638,17365,142
39,164Gross profit

24,092

25,977

Selling, general and administrative expenses

21,46822,123Operating profit

2,624

3,854

Interest income
Dividend income

47
728
14

Rental income from real estate
Foreign exchange gains

185309164295

Outsourcing service income
Other103111145104

Total non-operating income

765

753

Non-operating income

Non-operating expenses
Interest expenses
Rental expenses on real estateCommission expenses

2525

114
76119110

Other

2321

Total non-operating expenses

240

277

3,149

4,330

Ordinary profit
Extraordinary income
Gain on sale of non-current assets

06

Gain on reversal of share acquisition rights
Insurance claim income–
183476

Total extraordinary income

18117

Extraordinary losses
Loss on retirement of non-current assets

97

Loss on sale of non-current assets
Impairment losses

0–011

Loss on disaster
Loss on cancellation of rental contracts

2–45

Total extraordinary losses

1128

Profit before income taxes

3,155

4,419

Income taxes - current
Income taxes - deferred

877
252

1,114504

Total income taxes

1,130

1,618

Profit

2,025

2,800

38

15

1,987

2,785

Profit attributable to non-controlling interests
Profit attributable to owners of parent

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
2,0252,800

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

49(307)

193(232)

Remeasurements of defined benefit plans, net of tax(0)

8(258)(30)

Comprehensive income

Total other comprehensive income

1,766

2,770

Comprehensive income attributable toComprehensive income attributable to owners of parent

1,699

2,752

67

18

Comprehensive income attributable to non-controllinginterests

6