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 Non-Consolidated Financial Results
for the Nine Months Ended April 30, 2023
(Based on Japanese GAAP)
June 9, 2023
Company name:Samco Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

6387
URL
President & COO

https://www.samco.co.jp

Inquiries:

Director, Executive Officer, Accounting andShozo MiyamotoAdministration

Tsukasa Kawabe

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

June 12, 2023–

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

NoNo

TEL

075-621-7841(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the nine months ended April 30, 2023 (from August 1, 2022 to April 30, 2023)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Nine months ended April 30, 2023
Nine months ended April 30, 2022

Millions of yen
5,576
4,268

Operating profit% Millions of yen
30.7
1,314
21.4
759

Earnings per share

Profit% Millions of yen
60.7
966
87.0
584

%
65.5
81.2

Diluted earnings per shareYen
120.3672.71

Nine months ended April 30, 2023
Nine months ended April 30, 2022

Ordinary profit% Millions of yen
73.1
1,349
84.7
839

Yen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
14,30013,379As of April 30, 2023
As of July 31, 2022

Equity ratio

Millions of yen
10,722
10,057

Net assets per share%
75.0
75.2

Yen
1,334.84
1,252.06

2. Cash dividends
Annual dividends per share

Year ended July 31, 2022
Year ending July 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen––

Yen
35.00

Yen
35.00

35.00

35.00

Year ending July 31, 2023 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending July 31, 2023 (from August 1, 2022 to July 31, 2023)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
7,700

Operating profit% Millions of yen
20.3
1,620

Ordinary profit% Millions of yen
18.1
1,580

1Profit% Millions of yen
6.7
1,080

Earnings per share%
2.6

Yen
134.45

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of April 30, 2023

8,042,881 shares As of July 31, 2022

8,042,881 shares

10,382 shares As of July 31, 2022

10,128 shares

Number of treasury shares at the end of the period
As of April 30, 2023

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended April 30, 2023

8,032,660 shares Nine months ended April 30, 2022

28,032,765 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of July 31, 2022

As of April 30, 2023

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

5,826,790
11,4294,942,640
28,138

Electronically recorded monetary claims - operating
Trade receivables and contract asset

57,931
1,313,788

366,461
2,045,501

Finished goods
Work in process

7,974
1,268,297

1,430
1,856,768

Raw materials and supplies
Prepaid expenses

308,935
12,522

462,564
21,700Other
Allowance for doubtful accounts

32,919(141)

44,578(20,114)8,840,448

9,749,669

Total current assets3

(Thousands of yen)
As of July 31, 2022

As of April 30, 2023

Non-current assets
Property, plant and equipment
Buildings

1,099,671

1,112,757

Accumulated depreciation(798,686)(818,111)

Buildings, net

300,985294,646

27,10027,100(24,908)(25,047)

2,191

2,053

StructuresAccumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net

764,976

687,266(732,673)(665,811)

32,302

21,45555,02456,314(51,251)(52,302)

3,773

4,012

Tools, furniture and fixtures

243,062

247,991

Accumulated depreciation(224,898)(230,853)

Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation

18,164

17,1383,453,567

3,453,567

50,790(49,780)

50,790(50,790)

Leased assets, net

1,009–

Construction in progress

3,869

36,906

3,815,865

3,829,779

Telephone subscription right
Software

2,962
–

2,962
406

Right to use water facilities
Leased assets

143
1,828

–
356

Total intangible assets

4,934

3,724

Investments and other assets
Investment securities

290,122265,370

Shares of subsidiaries and associates
Investments in capital

25,2075,000

25,2075,000

Long-term loans receivable from subsidiaries andassociates

19,044

13,507

Deferred tax assets
Guarantee deposits

121,990
76,823130,798
77,398Insurance funds
Other179,066
1,138

199,206
1,027

Total investments and other assets

718,392

717,516

Total property, plant and equipment
Intangible assets

Total non-current assets
Total assets

4

4,539,192

4,551,020

13,379,640

14,300,689

(Thousands of yen)
As of July 31, 2022

As of April 30, 2023

Liabilities
Current liabilities
Accounts payable - trade779,591

1,050,705

Short-term borrowings
Current portion of long-term borrowings

700,000
39,996700,000
39,996

Lease liabilities
Accounts payable - other2,838
110,224356
104,040

Accrued expensesIncome taxes payable

38,697258,20342,348
209,717

Contract liabilities
Deposits received

217,378
35,443

333,303
24,961

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

23,70030,00058,50030,000

Provision for product warranties
Other

15,40062,766

18,500–Total current liabilities

2,314,240

2,612,430

Non-current liabilities
Long-term borrowings

143,339

113,342

479,575

460,502384,954392,289

Provision for retirement benefits
Provision for retirement benefits for directors (and otherofficers)
Total non-current liabilities

1,007,868

966,133

3,322,108

3,578,563

1,663,687

1,663,687

Legal capital surplus

2,079,487

2,079,487

Total capital surplus

2,079,487

2,079,487

59,50059,5004,367,000
1,752,437

4,367,000
2,438,167

6,178,937

6,864,667(12,238)(13,333)

9,909,873

10,594,508

Valuation difference on available-for-sale securities

147,658

127,617

Total valuation and translation adjustments

147,658

127,617

10,057,532

10,722,126

13,379,640

14,300,689

Total liabilities
Net assets
Shareholders' equityShare capital
Capital surplus

Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

5Non-consolidated statements of income (cumulative)(Thousands of yen)
Nine months ended

Nine months endedApril 30, 2022

April 30, 2023

Net sales
Cost of sales

4,268,124
2,185,163

5,576,672
2,784,942

Gross profit

2,082,960

2,791,730

Selling, general and administrative expenses

1,323,358

1,476,975

759,6021,314,754

Interest income
Dividend income

296
2,214

225
21,708Foreign exchange gains
Rental income

67,8068,807

1,1898,557

Subsidy income
Miscellaneous income

1,595
2,266

1,904
4,066

Total non-operating income

82,98637,650

2,810

3,146

–0

Operating profit
Non-operating income

Non-operating expenses
Interest expenses
Loss on retirement of non-current assets

2,810

3,146

Ordinary profit

Total non-operating expenses

839,778

1,349,258

Profit before income taxes

839,7781,349,258

Income taxes

255,681382,382

Profit584,097

966,876

6