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 9, 2024
Company name:
SUNCALL CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

5985
URL https://www.suncall.co.jp
Representative Director
Tadao Otani
Director and Senior Managing ExecutiveOfficer,Inquiries:

Chief Operating Officer Management andGeneral Manager of Division,

Masatoshi Kanada

TEL075-881-5280

Corporate Planning & Management Division
Scheduled date to file Quarterly Securities Report:
February 9, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:No(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 toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(5.5)
(2,426)–(1,837)–(3,853)
–
15.9
867
56.8
1,296
52.8
916
67.5

Net sales
Nine months ended December 31, 2023
Nine months ended December 31, 2022
Note: Comprehensive income

Millions of yen
38,53940,798For the nine months ended December 31, 2023¥(1,424) million [–%]For the nine months ended December 31, 2022

¥2,797 million [196.7%]

Earnings per share

Diluted earnings per share

Yen(128.08)
30.51

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

Yen–
30.45

(2) Consolidated financial position
Total assets
As of December 31, 2023
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
67,25963,735Equity ratio

Millions of yen
36,05438,038

As of December 31, 2023

¥36,049 million

As of March 31, 2023

¥38,020 million

Net assets per share%
53.6
59.7

Yen
1,197.33
1,264.63

2. Cash dividendsAnnual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2023

Yen–

Yen
11.00

Yen–

Yen
9.00

Yen
20.00

Year ending March 31, 2024

–

10.00

–
10.00

20.00

Year ending March 31, 2024 (Forecast)
Note: Revisions to the forecasts of cash dividends most recently announced: None

1Total3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Full year

Millions of yen
51,000Percentages 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
(4.5)
(3,500)–(2,800)–(4,800)–(159.53)

Note: Revisions to the forecast of financial results most recently announced: Yes
4. 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:

NoNo(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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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

34,057,923 shares As of March 31, 202334,057,923 shares

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

3,960,608 shares As of March 31, 2023

3,993,335 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

30,085,704 shares Nine months ended December 31, 2022

30,034,722 shares

Note: The number of treasury shares includes the Company’s shares remained in the trust account related to the performance-linked and sharebased remuneration plan.
(Number of treasury shares

As of December 31, 2023

309,350 shares

As of December 31, 2022

342,210 shares)* 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, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize suchstatements. Actual performance and other results may differ materially due to various factors.

2Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

7,707
10,941

6,378
13,181

Merchandise and finished goods
Work in process

3,840
2,983

3,436
3,498

Raw materials and supplies
Other

3,990
1,986

4,640
1,598

Total current assets

31,44932,733

5,844
10,840

6,056
10,319Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Other, net

6,316

7,102

Total property, plant and equipment

23,001

23,478

344

336

6,761

8,533

2,179

2,177

Intangible assets
Investments and other assets
Investment securities
Other
Total investments and other assets

8,940

10,71132,28634,526

63,73567,259

7,103
7,952

7,938
11,511

Current portion of long-term borrowings
Income taxes payable

526
152

363
143

Provision for bonuses for directors (and other officers)
Provision for bonuses–433

35
291

Other

5,156

4,958

Total current liabilities

21,32425,243Long-term borrowings
Retirement benefit liability

2,123
1,132

1,922
1,165

Provision for share awards
Other125
990

129
2,744

Total non-current liabilities

4,372

5,961

25,696

31,205

Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings

Non-current liabilities

Total liabilities

3

(Millions of yen)
As of March 31, 2023

As of December 31, 2023

Net assets
Shareholders' equity
Share capital

4,808

4,808

Capital surplus
Retained earnings

2,833
27,1692,833
22,738Treasury shares(1,684)(1,666)

Total shareholders' equity

33,12628,713

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

2,761
10

3,843
28

Foreign currency translation adjustment
Remeasurements of defined benefit plans

1,465
656

2,829
622

Total accumulated other comprehensive income

4,894

7,323

Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

417

17

38,03836,05463,73567,259

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Cost of sales

40,79835,82338,53936,800Gross profit

4,974

1,738

542

490

1,037
45

1,124
35

55
64

58
64

Other

2,362

2,390

Total selling, general and administrative expenses

Selling, general and administrative expenses
Transportation and storage costs
Remuneration, salaries and allowances
Provision for bonuses for directors (and other officers)
Provision for bonuses
Retirement benefit expenses

4,106

4,164

Operating profit or loss

867(2,426)

Non-operating income
Dividend income

153

153

Gain on sale of goods
Share of profit of entities accounted for using equity method

139
7

129
102

Foreign exchange gains
Other

146
69

276
115

Total non-operating income

516

777

Non-operating expenses
Interest expenses

87

179

Other

08

Total non-operating expenses

87

188

1,296

(1,837)

625
23

70

Insurance claim income
Other1,338
2120
6

Total extraordinary income

1,990

134

0019–

63260

compensation expenses
Other

1,838
0124
–

Total extraordinary losses

1,859

449

Profit (loss) before income taxes

Ordinary profit (loss)
Extraordinary income
Gain on sale of investment securities
Profit on cansellation of leases

Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets
Impairment losses

1,427(2,153)

Income taxes - current

335

384

Income taxes - deferred

175

1,315

Total income taxes

511

1,700

Profit (loss)

916(3,853)

Profit (loss) attributable to owners of parent916(3,853)

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023
916

(3,853)

(377)
2,264

1,081
1,331

(19)

(32)

14

48

1,881

2,428

Comprehensive income

2,797(1,424)Comprehensive income attributable toComprehensive income attributable to owners of parent

2,797(1,424)––

Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

6