Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 8, 2024
Company name: IMURAYA GROUP CO., LTD.
Stock exchange listing: Tokyo, Nagoya
Code number: 2209
URL: https://www.imuraya-group.com/
Representative: Yasuki Onishi, President and Representative Director
Contact: Jiro Tominaga, Executive Vice President and Chief Financial Officer
Phone: 050-1791-2014
Scheduled date of filing quarterly securities report: February 8, 2024
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
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
36,992
7.5
2,228
21.3
2,454
16.9
1,692
(1.2)
December 31, 2022
34,411
7.5
1,837
20.1
2,100
19.7
1,714
48.0
(Note) Comprehensive income:Nine months ended December 31, 2023:¥ 1,942 million [ 9.4%]
Nine months ended December 31, 2022:¥ 1,775 million [ 53.6%]
Basic earnings
per share
Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings pershareYen

Yen

129.38131.01-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
38,800March 31, 2023
34,107(Reference) Equity: As of December 31, 2023: ¥As of March 31, 2023:¥Net assets

Capital adequacy ratio

Millions of yen%

20,25918,684
20,235 million
18,653 million

52.2
54.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023-

0.00-28.00

28.00

Fiscal year ending March 31, 2024

-0.00

28.00

28.00

Year-end

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parentper share
Millions of yen% Millions of yen% Millions of yen

Full year
46,5004.1
2,0000.4(Note) Revision to the financial results forecast announced most recently:

2,100% Millions of yen(8.1)

1,400%

Yen(13.1)

107.00No* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation): No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023:
13,086,200 shares
March 31, 2023:
13,086,200 shares
2) Number of treasury shares at the end of the period:
December 31, 2023:
2,278 shares
March 31, 2023:
1,919 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
13,084,116 shares
Nine months ended December 31, 2022:
13,084,386 shares

NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, netMachinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of December 31, 2023

1,689,190
5,506,881
3,109,594
339,849
993,321
1,098,141(1,189)12,735,789

1,049,942
9,478,481
3,195,434
253,644997,156
1,274,340(1,596)
16,247,404

19,245,265(11,204,371)
8,040,893
18,689,994(14,660,478)
4,029,516
4,253,858
3,193,792(1,171,013)
2,022,779
18,347,048

20,015,477(11,564,011)
8,451,466
19,575,340(15,142,610)
4,432,730
4,351,538
3,180,746(1,321,928)
1,858,817
19,094,552

127,051
42,700169,751

111,862
28,873
140,735

1,482,989
917,445466,979(12,756)
2,854,658
21,371,458
34,107,247

1,895,193
918,166
516,061(11,576)
3,317,844
22,553,133
38,800,537

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Provision for officer' retirement benefits
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
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

2

As of December 31, 2023

2,739,475
1,864,294
2,600,000
100,536
3,746,564
626,512601,187
642,227
12,920,797

3,650,679
2,291,232
3,800,000
25,737
4,247,860
402,317
312,000
1,144,946
15,874,772

56,58038,472142,055
2,264,910
2,502,018
15,422,816

62,75439,704142,924
2,420,397
2,665,780
18,540,552

2,576,539
3,810,519
9,841,358(4,221)
16,224,196

2,576,539
3,809,656
11,168,659(5,042)
17,549,813

201,956

497,273

1,930,419
13,953
282,5712,428,901
31,333
18,684,431
34,107,247

1,930,419
19,436238,9142,686,044
24,125
20,259,984
38,800,537

Quarterly Consolidated Statements of Income and Comprehensive IncomeQuarterly Consolidated Statements of Income (For the nine months)(Thousands of yen)
For the nine months
ended December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Rental income from buildings
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Subsidy income
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent

3

For the nine months
ended December 31, 2023

34,411,411
22,202,319
12,209,092
10,371,295
1,837,797

36,992,778
24,265,697
12,727,081
10,498,314
2,228,767

48,33926,166
144,957
65,330284,794

55,04824,386
117,577
68,963265,976

15,152
7,256
22,4082,100,182

38,945
1,354
40,2992,454,44317,093
443,372
1,618
462,084

43,80643,806

12,733
2,615
15,3482,546,918
866,435(23,679)
842,755
1,704,162(10,003)
1,714,166

1,149
1,149
2,497,100
765,393
46,306
811,700
1,685,400(7,397)
1,692,797

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Thousands of yen)
For the nine months
ended December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

4

For the nine months
ended December 31, 2023

1,704,162

1,685,400

75,62547,281(51,916)
70,9891,775,152

295,317
5,672(43,657)
257,332
1,942,733

1,782,906

1,949,940(7,753)(7,207)