July 25, 2024

Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2025
[J-GAAP] (Consolidated)
Company Name:AIRPORT FACILITIES CO., LTD. (AFC)Stock Exchange Listed on:
Tokyo Stock Exchange (Prime Market)
Company Code:8864
URL: https://www.afc.jp/english/
Representative: Shigeo Tamura, President & CEO
Inquiries: Shigeyuki Kodama, Executive Officer, General Manager of Accounting Dept.
TEL: +81-3-3747-0251
The Date of the Dividend Payment Start:－
Preparation of Earnings Presentation Material:
No
Holding of Earnings Announcement:
No(Figures are rounded off to the nearest million yen.)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2025 (April 1, 2024 – June 30, 2024)(1) Consolidated Business Results(Percentages are changes from the same period of the previous year.)Net salesFirst three months ended

Operating income

Millions of yen% Millions of yen

6,676
6,331

June 30, 2024
June 30, 2023

5.4
2.2

(Note) Comprehensive income:% Millions of yen

1,227
1,106

10.9
10.2

% Millions of yen

1,272
1,089

16.7
15.1

First three months ended June 30, 2024: 1,074 million yen
First three months ended June 30, 2023: 1,172 million yen

Basic earnings per
shareFirst three months ended

June 30, 2024
June 30, 2023

Profit attributable toowners of parent

Ordinary income

%

831
681

21.9
(12.3)(8.3)%(1.5)%

Diluted earnings
per share

Yen

Yen

16.55
13.60

16.53
13.57

(2) Consolidated Financial Position
Total assets

Equity ratio

Net assets per share

Millions of yen%

Yen

112,471
110,461

61,386
60,76552.1
52.6

1,167.65
1,157.84

As of June 30, 2024
As of March 31, 2024
(Reference) Equity capital:

Net assets

Millions of yen

As of June 30, 2024: 58,696 million yen

As of March 31, 2024: 58,109 million yen

2. Dividends
Dividends per share

Q1

Q2
Yen

FY ended March 31, 2024
FY ending March 31, 2025
FY ending March 31, 2025 (Forecasts)

Q3
Yen

―
―

Q4
Yen

Annual
Yen

Yen

7.00

―

10.00

17.00

9.00

―

9.00

18.00

(Note) Changes in the latest forecasts released: No

3. Forecast of Consolidated Earnings for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)(Percentages are changes from the same period of the previous year.)Net sales
Full fiscal year

Operating income

Profit attributable toowners of parent

Ordinary income

Basic earnings
per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

29,414

13.3

3,403

6.9

3,205

0.9

2,193

8.5

43.69

(Note) Changes in the latest forecasts released: No-1-

＊ Notes(1) Significant changes in the scope of consolidation during the period: No(2) Application of specific accounting treatments in preparing the quarterly consolidated financial statements: Yes
Note: For details, please refer to “2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes on Quarterly Consolidated
Financial Statements (Notes on Specific Accounting Treatments in Preparing the Quarterly Consolidated Financial Statements)” on page 9.

(3) Changes in accounting policies, changes in accounting estimates, and restatement of revisions
1) Changes in accounting policies with revision of accounting standards, etc.: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Restatement of revisions: No(4) Number of issued shares (common shares)
1) Number of issued shares(including treasury stock)2) Number of treasury stock

As of June 30, 2024:

52,979,350 shares As of March 31, 2024:

52,979,350 shares

As of June 30, 2024:

2,710,934 shares As of March 31, 2024:

2,791,683 shares

50,214,583 shares First three months ended
June 30, 2023:

50,070,061 shares

3) Average number of shares during First three months ended
the period
June 30, 2024:* Review of the accompanying quarterly consolidated financial statements by certified public accountants or an audit
corporation: Yes (voluntary)* Explanation of the proper use of earnings forecasts and other special notes(Note on forward-looking statements)
The statements about future described on this report such as earnings forecasts have been made based on information currently available andsome conditions that we judge rational, and therefore they do not constitute a guarantee that they will be realized. Actual earnings may differ greatly
from the above forecasts for various reasons. For the assumptions for earnings forecasts and cautions regarding the use of the earnings forecasts,
please refer to “1. Summary of Operating Results, etc., (3) Qualitative Information on Consolidated Earnings Forecast” on page 4.

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1. Summary of Operating Results, etc.
(1) Summary of Operating Results for the First Three Months Ended June 30, 2024
During the first three months ended June 30, 2024, the Japanese economy continued to be on a gradual recovery trend
backed by improvement of the employment and income environment. Meanwhile, we still need to carefully monitor risks
that may put downward pressure on the Japanese economy, including exchange rate fluctuations due to continued highinterest rates in Europe and the United States, surging prices, concerns over the outlook of the Chinese economy, andincreasing tensions in the Middle East situation.
The aviation industry has shown favorable performance supported by strong inbound demand and leisure demand evenunder such harsh conditions as a weak yen and surging prices. During the Golden Week holidays, the number of passengers
of domestic flights remain at the same level as the previous year but that of international flights increased year-on-year,
and we expect that strong passenger demand will continue.
Under such economic conditions, the Group (the Company and its consolidated subsidiaries) recorded net sales of¥6,676 million (up 5.4% from the same period of the previous fiscal year) mainly due to an increase in rental income, etc.
as a result of the review of the lease terms of existing properties, reallocation in the cargo area associated with the start ofoperation of a fresh product center, and increased properties in the non-asset business, an increase in water supply anddrainage usage, and the revision of the unit price for water supply and drainage at the public bidding in the previous year
in the Water Supply & Drainage Business. Operating income was ¥1,227 million (up 10.9%) despite an increase in costs
due to surging prices. Ordinary income was ¥1,272 million (up 16.7%) mainly due to an increase in dividend income, andprofit attributable to owners of parent was ¥ 831 million (up 21.9%).
Performance by business segment is as follows:
Effective April 1, 2024, the Company changed its segmentation to four segments of “Airport Real Estate Business,”“Non-Airport Real Estate Business,” “Airport Infrastructure Business,” and “Other Business” from the previous threesegments of “Real Estate Business,” “Area Heating & Cooling Business,” and “Water Supply & Drainage Service andOther Business.”(i) Airport Real Estate BusinessAirport Real Estate Business recorded net sales of ¥4,116 million (up 3.5% from the same period of the previous fiscal
year) and operating income of ¥963 million (up 20.7%) due to an increase in rental income, etc. as a result of the reviewof the lease terms of existing properties and reallocation in the cargo area at Haneda Airport associated with the start ofoperation of a fresh product center.
(ii) Non-Airport Real Estate Business
Non-Airport Real Estate Business recorded net sales of ¥774 million (up 10.2% from the same period of the previous
fiscal year) and operating income of ¥329 million (up 13.6%) mainly due to an increase in rental income because ofincreased properties in the non-asset business.
(iii) Airport Infrastructure BusinessAirport Infrastructure Business recorded net sales of ¥1,589 million (up 8.6% from the same period of the previous
fiscal year) mainly due to increased sales of cold/heat energy supply in Area Heating & Cooling Business, an increase inwater supply and drainage usage in Water Supply & Drainage Service Business, and the revision of the unit price of watersupply and drainage described above. Operating income was ¥255 million (down 9.1%) due to the revision of basic rates
in Area Heating & Cooling Business in relation to the shift to the fee structure linked to raw material costs in the second
half of the fiscal year ended March 31, 2024, an increase in usage fee of national property in Water Supply & Drainage
Service Business, and an increase in various costs resulting from surging prices.
(iv) Other Business
Other Business, which mainly consists of overseas businesses conducted by overseas subsidiaries, recorded net salesof ¥195 million (up 1.8% from the same period of the previous fiscal year) and operating income of ¥81 million (up 0.0%)
due to the weakening yen.

-3-(2) Summary of Financial Position as of June 30, 2024
(Assets)
Total assets as of June 30, 2024 amounted to ¥112,471 million, an increase by ¥2,009 million compared to March 31,
2024, mainly due to recording of prepaid expenses for annual usage fee of national property despite a decrease in cash anddeposits as a result of payments related to renovation work, etc. and a decrease in property, plant and equipment due todepreciation of buildings and asset retirement assets.
(Liabilities)
Total liabilities as of June 30, 2024 amounted to ¥51,084 million, an increase by ¥1,388 million compared to March
31, 2024, mainly due to recording of accrued expenses for annual usage fee of national property despite decreases inaccounts payable and notes and accounts payable-trade due to payments related to renovation work, etc. and a decrease due
to payments of long-term loans payable.
(Net assets)
Net assets as of June 30, 2024 increased by ¥620 million compared to March 31, 2024 to ¥ 61,386 million mainly due
to increases in foreign currency translation adjustment and retained earnings.
As a result, equity ratio as of June 30, 2024 decreased by 0.5 points to 52.1% compared to March 31, 2024.
(3) Qualitative Information on Consolidated Earnings Forecast
There is no change in the consolidated earnings forecast for the fiscal year ending March 31, 2025 which was announced
in the Financial Results for the Fiscal Year Ended March 31, 2024 [J-GAAP] (Consolidated) dated May 10, 2024.

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2. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(Thousands of yen)

FY3/24(As of March 31, 2024)

First quarter of FY3/25(As of June 30, 2024)

AssetsCurrent assets
Cash and deposits

10,849,304

9,817,346

Accounts receivable - trade

1,410,637

1,986,319

Lease receivables and investment assets

10,951,505

11,030,368

Operating loans

3,720,272

3,804,064

2,723

2,877

10,831,897

10,840,059

Raw materials and supplies

13,71913,609Others712,565

3,921,880

38,492,624

41,416,524

Buildings and structures, net

42,593,894

41,685,324

Machinery, equipment and vehicles, net

5,006,369

4,871,007

139,598

135,491

10,803,731

10,803,731

562,390

962,390

59,105,983

58,457,945

Software352,344313,298

Others34,98834,862

Total intangible assets

387,332

348,160

Investment securities

11,457,003

11,146,188

Deferred tax assets

174,873

270,045

Net defined benefit asset

264,687

255,408

Others589,487

587,048

Allowance for doubtful accounts(10,267)(10,267)

Total investments and other assets

12,475,784

12,248,423

71,969,101

71,054,529

110,461,725

112,471,054

Merchandise
Real estate for sale

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

Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets-5-

(Thousands of yen)

FY3/24(As of March 31, 2024)

First quarter of FY3/25(As of June 30, 2024)

Liabilities
Current liabilities
Notes and accounts payable-trade

1,968,324

793,843

Short-term loans payable

3,313,450

3,513,475

Accounts payable

2,202,160

408,198

Income taxes payable

743,214455,613

Accrued expenses

97,543

5,188,130

Unearned revenue

1,027,169

1,148,126

Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for removal cost of property, plant and equipment

144,273

74,34028,8507,212

111,862

111,862

Asset retirement obligations

110,000

110,000

Others308,045531,976

10,054,894

12,342,779

Bonds payable

6,100,000

6,100,000

Long-term loans payable

22,730,159

21,701,539

Long-term guarantee deposited

6,405,904

6,575,619

121,01079,921

6,786

5,025

51,62653,826

Asset retirement obligations

4,225,522

4,225,522

Total non-current liabilities

39,641,008

38,741,454

49,695,902

51,084,234

Capital stock

6,826,100

6,826,100

Capital surplus

6,982,890

6,986,362

Retained earnings

42,025,075

42,354,394

Total current liabilities
Non-current liabilities

Long-term accounts payable-other
Provision for retirement benefits for directors (andother officers)
Deferred tax liabilities

Total liabilities
Net assets
Shareholders’ equity

Treasury stock(1,546,962)(1,502,227)

Total shareholders’ equity

54,287,102

54,664,628

Valuation difference on available-for-sale securities

2,413,935

2,198,292

Foreign currency translation adjustment

1,408,697

1,833,097

Total accumulated other comprehensive income

3,822,632

4,031,390

Subscription rights to shares

22,92322,923

Non-controlling interests

2,633,164

2,667,878

Total net assets

60,765,822

61,386,820

110,461,725

112,471,054

Accumulated other comprehensive income

Total liabilities and net assets-6-

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income(Quarterly Consolidated Statement of Income)(Thousands of yen)First three months of FY3/24(April 1, 2023 – June 30, 2023)
6,331,619
4,723,853
1,607,766

First three months of FY3/25(April 1, 2024 - June 30, 2024)
6,676,374
4,884,346
1,792,027

61,611
151,374
44,29347,667
163,457
60,665

3,807

7,212

1,023

1,023

17,11725,18640,259156,707
501,378
1,106,387

16,85328,03551,322
187,903564,141
1,227,886

035,846
4,001－
21,196
61,043

079,0248,850
472
40,822
129,169

65,623748
11,106
077,4791,089,951

78,813－6,021
384,8381,272,217

Loss on retirement of non-current assets

－

2,599

Total extraordinary loss
Income before income taxes
Income taxes
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent－
1,089,951
361,056
361,056
728,895
47,550681,345

2,599
1,269,618
403,708
403,708
865,90934,713
831,195

Net sales
Cost of sales
Gross profit
Selling, general, and administrative expenses
Remuneration for directors (and other officers)
Salaries and bonuses
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for retirement benefits for directors (andother officers)
Transportation and communication expenses
Depreciation
Taxes and dues
OthersTotal selling, general, and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Commission fee
Foreign exchange gains
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Removal cost of property, plant and equipment
OthersTotal non-operating expenses
Ordinary income
Extraordinary loss

-7-

(Quarterly Consolidated Statement of Comprehensive Income)(Thousands of yen)

ProfitFirst three months of FY3/24(April 1, 2023 –June 30, 2023)
728,895

First three months of FY3/25(April 1, 2024 - June 30, 2024)
865,909

Other comprehensive income
Valuation difference on available-for-sale securities

378,353(215,643)

Foreign currency translation adjustment

65,092424,400

Total other comprehensive income

443,446

208,757

1,172,341

1,074,666

Comprehensive income attributable to owners of parent

1,124,791

1,039,952

Comprehensive income attributable to non-controlling interests

47,55034,713Comprehensive income(Breakdown)-8-(3) Notes on Quarterly Consolidated Financial Statements(Notes on Specific Accounting Treatments in Preparing the Quarterly Consolidated Financial Statements)(Calculation of tax expenses)
Tax expenses are calculated as income before income taxes for the period multiplied by the estimated effective tax
rate. The effective tax rate is reasonably estimated taking into consideration deferred tax accounting as the rate applicable
to income before income taxes for the consolidated fiscal year including the three months ended June 30, 2024.

(Notes on Segment Information, etc.)[Segment information]
I.

First three months ended June 30, 2023 (April 1, 2023 - June 30, 2023)
1. Information on net sales and income or loss by reportable segment(Thousands of yen)
Reportable Segments
AirportReal EstateBusiness

Net sales(1) Net sales tooutsidecustomers(2) Intersegment
sales ortransfers
Total

NonAirport
AirportInfrastructure
Real EstateBusiness
Business

Other
Business

Total

Carrying
Amount on
Quarterly
Adjustments
Consolidated(Note 1)
Statement of
Income(Note 2)

3,974,416

702,622

1,462,641

191,938

6,331,619－

6,331,619

66,322－

216,1807

282,510(282,510)－

4,040,739

702,622

1,678,822

191,9456,614,129(282,510)

6,331,619

Segment income
797,936
290,010
281,50281,684
1,451,133(344,746)
1,106,387(Notes)1. The adjustment for segment income of ¥(344,746) thousand is corporate expenses not allocated to any reportablesegments and consists mainly of general and administrative expenses that do not belong to any reportablesegments.
2. Segment income is adjusted with operating income in the quarterly consolidated statement of income.
II.

First three months ended June 30, 2024 (April 1, 2024 - June 30, 2024)

1. Information on net sales and income or loss by reportable segment(Thousands of yen)
Reportable Segments
AirportReal EstateBusiness

NonAirport
AirportInfrastructure
Real EstateBusiness
Business

Other
Business

Total

Carrying
Amount on
Quarterly
Adjustments
Consolidated(Note 1)
Statement of
Income(Note 2)

Net sales(1) Net sales tooutsidecustomers(2) Intersegment
sales or transfers

4,116,670

774,738

1,589,390

195,575

6,676,374－

6,676,374

66,528－226,3145

292,847(292,847)

－

Total

4,183,198774,738

1,815,704

195,580

6,969,221(292,847)

6,676,374

Segment income
963,417
329,457
255,643
81,734
1,630,253(402,366)
1,227,886(Notes) 1. The adjustment for segment income of ¥(402,366) thousand is corporate expenses not allocated to any reportablesegments and consists mainly of general and administrative expenses that do not belong to any reportablesegments.
2. Segment income is adjusted with operating income in the quarterly consolidated statement of income.

-9-2. Changes in reportable segments, etc.
Under the business portfolio strategy set out in the Medium- to Long-Term Management Plan (FY2022-FY2028), theGroup has been strengthening airport-related business and expanding new business opportunities to develop a profit
foundation toward further growth and create value within and outside airports with an aim to achieve sustainable growth.
Accordingly, from the perspective of appropriately managing and evaluating the progress of the Medium- to Long-Term
Management Plan, we changed our segmentation from April 1, 2024 to four segments of “Airport Real Estate Business,”“Non-Airport Real Estate Business,” “Airport Infrastructure Business,” and “Other Business” from the previous threesegments of “Real Estate Business,” “Area Heating & Cooling Business,” and “Water Supply & Drainage Service andOther Business.”
Segment information for the first three months ended June 30, 2023 is prepared under the new segmentation.
(Notes on Significant Changes in Shareholders’ Equity)
Not applicable.
(Notes on Premise of going concern)
Not applicable.
(Notes on Quarterly Consolidated Statement of Cash Flows)
Quarterly consolidated statement of cash flows for the first three months ended June 30, 2024 is not prepared.
Depreciation including amortization of intangible assets for the first three months ended June 30, 2023 and 2024 is asfollows:(Thousands of yen)First three months ended June 30, 2023
(April 1, 2023 - June 30, 2023)
Depreciation

1,166,129- 10 -First three months ended June 30, 2024
(April 1, 2024 - June 30, 2024)
1,196,921

Independent Auditor’s Interim Review Report on Quarterly Consolidated Financial Statements
July 25, 2024

To the Board of Directors of AIRPORT FACILITIES CO., LTD.
Crowe Toyo & Co.
Tokyo Office
Designated and Engagement Partner
Tsugunari Yamada, Certified Public Accountant
Designated and Engagement Partner
Takeshi Kiriyama, Certified Public Accountant

Auditor’s Conclusion
We have reviewed the quarterly consolidated financial statements of AIRPORT FACILITIES CO., LTD. for the first quarter ofthe fiscal year ending March 31, 2025 (from April 1, 2024 to June 30, 2024) included in the “Attachment” of Financial Results for
the First Quarter of the Fiscal Year Ending March 31, 2025, which comprise the quarterly consolidated balance sheets as of June30, 2024 and the quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income forthe three months then ended, and notes to the quarterly consolidated financial statements.
Based on our review, nothing has come to our attention that causes us to believe that the quarterly consolidated financial
statements referred to above are not prepared, in all material respects, in accordance with Article 4, Paragraph 1 of the Standards
for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. and accounting principles for quarterly financial
statements generally accepted in Japan, applying the provisions for reduced disclosures as set forth in Article 4, Paragraph 2 of theStandards.
Basis for Auditor’s Conclusion
We conducted our review in accordance with review standards for interim financial statements generally accepted in Japan. Our
responsibilities under those standards are further described in the Auditor’s Responsibilities for the Review of the Quarterly
Consolidated Financial Statements section of our report. We are independent of the Company and its consolidated subsidiaries inaccordance with the ethical requirements that are relevant to our review of the financial statements in Japan, and we have fulfilled
our other ethical responsibilities in accordance with these requirements. We believe that we have obtained evidence to provide abasis for our conclusion.
Responsibilities of Management and Statutory Auditors and the Board of Corporate Auditors for the Quarterly
Consolidated Financial Statements
Management is responsible for the preparation of the quarterly consolidated financial statements in accordance with Article 4,
Paragraph 1 of the Standards for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. and the accounting
principles for quarterly financial statements generally accepted in Japan, applying the provisions for reduced disclosures as set
forth in Article 4, Paragraph 2 of the Standards, and for design and operation of internal control that management determines isnecessary to enable the preparation of quarterly consolidated financial statements that are free from material misstatements, whether
due to fraud or error.
In preparing the quarterly consolidated financial statements, management is responsible for assessing the Group’s ability tocontinue as a going concern and disclosing, as applicable, matters related to going concern in accordance with Article 4, Paragraph
1 of the Standards for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. and the accounting principles
for quarterly financial statements generally accepted in Japan, applying the provisions for reduced disclosures as set forth in Article
4, Paragraph 2 of the Standards.
Statutory Auditors and the Board of Corporate Auditors are responsible for overseeing directors’ execution of duties relating to
the design and operation of the Company's financial reporting process.

- 11 -

Auditor’s Responsibilities for the Review of the Quarterly Consolidated Financial Statements
Our objective is to express a conclusion on the quarterly consolidated financial statements from an independent standpoint in
the interim review report based on our review.
As part of a review in accordance with review standards for interim financial statements generally accepted in Japan, we exercise
professional judgment and maintain professional skepticism throughout the interim review. We also:
・Make inquiries, primarily of management and persons responsible for financial and accounting matters, and apply analyticaland other interim review procedures. A review is substantially less in scope than an audit conducted in accordance withauditing standards generally accepted in Japan.
・If we determine that a material uncertainty exists related to events or conditions that may cast significant doubt on the
Company’s ability to continue as a going concern, then we conclude, based on the evidence obtained, on whether anything
has come to our attention that causes us to believe that the quarterly consolidated financial statements are not prepared inaccordance with Article 4, Paragraph 1 of the Standards for Preparation of Quarterly Financial Statements of Tokyo Stock
Exchange, Inc. and accounting principles for quarterly financial statements generally accepted in Japan, applying theprovisions for reduced disclosures as set forth in Article 4, Paragraph 2 of the Standards. Additionally, if we conclude that amaterial uncertainty exists, we are required to draw attention in our auditor's interim review report to the related disclosuresin the quarterly consolidated financial statements or, if such disclosures are inadequate, to express a qualified or adverse
conclusion. Our conclusions are based on the evidence obtained up to the date of our auditor’s interim review report. However,
future events or conditions may cause the Company to cease to continue as a going concern.
・Evaluate whether anything has come to our attention that causes us to believe that the overall presentation and disclosures of
the quarterly consolidated financial statements are not prepared in accordance with Article 4, Paragraph 1 of the Standards
for Preparation of Quarterly Financial Statements of Tokyo Stock Exchange, Inc. and the accounting principles for quarterly
financial statements generally accepted in Japan, applying the provisions for reduced disclosures as set forth in Article 4,
Paragraph 2 of the Standards.
・Obtain evidence regarding the financial information of the Company and its consolidated subsidiaries as a basis for expressing
a conclusion on the quarterly consolidated financial statements. We are responsible for the direction, supervision and reviewof the quarterly consolidated financial statements. We remain solely responsible for our conclusion.
We communicate with Statutory Auditors and the Board of Corporate Auditors regarding, among other matters, the planned
scope and timing of the interim review and significant review findings.
We also provide Statutory Auditors and the Board of Corporate Auditors with a statement that we have complied with relevant
ethical requirements regarding independence that are relevant to our review of the quarterly consolidated financial statements inJapan, and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, measures taken to eliminate threats or any safeguards applied to reduce threats to an acceptable level.

Interest Required to be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Company and its consolidated subsidiaries whichis required to be disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.

(Notes) 1. The original copy of the interim review report above is kept separately by the Company (the company disclosing
the quarterly financial results)
2. XBRL data and HTML data are not subject to the interim review.

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