August 7, 2024

Consolidated Financial Summary
for the Three Months Ended June 30, 2024
〔Japanese GAAP〕
Note: Figures smaller than one million yen are rounded down.

Listed Company Name:
Securities Traded:
Code Number:
URL:
Representative:
Contact:
Telephone:

UNITED ARROWS LTD.
The Prime Market of the Tokyo Stock Exchange
7606
http://www.united-arrows.co.jp/en/
Yoshinori Matsuzaki, Representative Director, President and CEO
Takeo Nakazawa, Director, Executive Managing Officer and CFO+81-3-5785-6325

Scheduled Date of Dividend Payment:
Supplementary materials for the financial results:
Holding of presentation of financial results:

Yes
Yes (for institutional investors and analysts)

1. Consolidated Business Results for the Three-Month Period of the Fiscal Year Ending March
31, 2025 (April 1, 2024 to June 30, 2024)(1) Consolidated Business Performance (aggregate)(% indicates increase / decrease YoY)

Total Sales
Three months ended
June 30, 2024
June 30, 2023
(Note) Comprehensive income:¥ million
35,49532,155%
10.4
8.4

Operating Profit

Ordinary Profit¥ million
2,7682,502¥ million
2,999
2,766%
10.6
35.0

Net Income attributableto owners of parent%
8.4
32.2

¥ million
1,763
1,798%(2.0)
35.9

As of June 30, 2024: ¥1,741million [(2.7%)] , As of June 30, 2023: ¥1,789million [44.1%]

Net Income per Shareafter Adjusting for
Dilutive Effects

Net Income perShare

yen
63.90
63.48

Three months ended
June 30, 2024
June 30, 2023

yen－－(Note) There are no dilutive shares.

(2) Consolidated Financial Conditions
Total Assets
As of June 30, 2024
As of March 31, 2024
(Reference) Shareholders’ equity: June 30, 2024:

Net Assets¥ million
62,99260,204Equity Ratio¥ million
35,71735,030¥35,717 million

March 31, 2024:

Per-share net worth%
56.7
58.2

¥
1,294.28
1,269.38¥35,030 million

2. Conditions of Dividend Payment
Annual Dividend
1Q End2Q EndFiscal year ended March 31, 2024

yen-

Fiscal year ending March 31, 2025-

Fiscal year ending March 31, 2025 (Est.)(Note) Revision to recently disclosed projected dividend payment: None

1

3Q EndFiscal Year End

Annualyen
17.00

yen-yen
38.00

yen
55.00

17.00

-

38.00

55.00

3. Projected Consolidated Performance of the Fiscal Year Ending March 2025
(From April 1, 2024 to March 31, 2025)(% indicates increase / decrease YoY)

Total Sales

Full Fiscal Year¥ million
150,000%
11.7

Operating Profit¥ million
7,300

Ordinary Profit%
8.3¥ million
7,985%
6.7

Net Income
attributable toowners of parent¥ million
4,145

Net Income
per share%(15.0)

yen
150.20(Note) Revision to recently disclosed projected consolidated performance: None

4. Others(1) Changes in Significant Subsidiaries during the Current Quarter: None
(Changes in special subsidiaries that caused a change in scope of consolidation)(2) Adoption of Special Accounting Methods for Preparing Quarterly Consolidated FinancialStatements: None
(3) Changes in Accounting Principles, Procedures, Methods of Presentation and Other Items
1. Changes due to revision of accounting standards: None
2. Changes other than 1: None
3. Changes in accounting estimates: None
4. Restatement of prior period financial statements after error corrections: None
(4) Number of Shares Issued (Common Stocks)
1. Number of shares issued at the end of the period (including treasury stock)
As of June 30, 2024:
30,213,676 shares
As of March 31, 2024:
30,213,676 shares
2. Number of treasury stocks at the end of the period
As of June 30, 2024:
As of March 31, 2024:

2,617,586 shares
2,617,586 shares

3. Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024:
27,596,090 shares
Three months ended June 30, 2023:
28,332,007 shares*The quarterly financial statements are not subject to quarterly reviews.
*Explanation regarding appropriate use of projected business performance
The above projection was made based on information available at present. Please note in advance that potential risks anduncertainties are included. The actual figures might differ from the figures stated above due to any possible factor.

2

Consolidated Financial Results(1) Quarterly Consolidated Balance Sheet(millions of yen)
At the end of
the previous fiscal year
(March 31, 2024)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise
Supplies
Accounts receivable-other
Other
Total current assetsNoncurrent assets
Tangible noncurrent assets
Buildings and structures (net)
Machinery and equipment (net)Land
Construction in progress
Other (net)Total tangible noncurrent assets
Intangible noncurrent assets
Other
Total intangible noncurrent assets
Investments and other assets
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable-trade
Electronically recorded obligations - operating
Short-term loans payable
Accounts payableIncome taxes payable
Provision for bonuses
Provision for directors' bonuses
Provision for share awards
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities
Asset retirement obligations
Provision for share awards
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets3

At the end of
the first quarter(June 30, 2024)

6,493
117
21,175510
11,164910
40,372

9,028
92
21,248567
10,861937
42,734

3,504
563
569
10
366
5,014

3,502
539
569
42
428
5,083

3,209
3,209

3,791
3,791

6,739
2,127
2,743
(2)
11,607
19,83160,204

6,848
1,782
2,752
(2)
11,382
20,25762,992

10,590
1,342
202
4,348
702
1,123
23
2
32
2,628
20,997

9,530
1,396
2,856
4,159
835
657
11
487
3,536
23,469

4,112
40
24
4,177
25,1743,725
55
24
3,80527,275

3,030
4,538
34,837(7,069)35,336

3,030
4,538
35,547(7,069)36,045(306)(306)
35,03060,204(328)(328)
35,71762,992

(2) Statements of Consolidated Income and Comprehensive Income
Statements of Consolidated Income(millions of yen)First Quarter (Three Months Aggregate)
Three months ended
June 30, 2023
(April 1, 2023 toJune 30, 2023)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Foreign exchange gains
Purchase discounts
Rent income
Share of profit of entities accounted for using equity method
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rent expenses
Other
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on retirement of noncurrent assets
Impairment loss
Total extraordinary loss
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Net income attributable to owners of parent

4

Three months ended
June 30, 2024
(April 1, 2024 toJune 30, 2024)

32,155
14,477
17,67815,1762,502

35,49516,08319,412
16,644
2,768

0
114
83124
29
280

057
3145
40
247

2
3
11
16
2,766

1
3
11
17
2,999

15
19
34
2,731
167
765
933
1,798
1,798

69
125
194
2,804
695
344
1,040
1,763
1,763

Statements of Consolidated Comprehensive Income(millions of yen)First Quarter (Three Months Aggregate)
Three months ended
June 30, 2023
(April 1, 2023 toJune 30, 2023)
Net income
Other comprehensive income
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent company
Non-controlling interests

Three months ended
June 30, 2024
(April 1, 2024 toJune 30, 2024)

1,798

1,763(9)
(9)
1,789

(22)
(22)
1,741

1,789

1,741--

5

(3) Consolidated Cash Flows(millions of yen)Three months ended
June 30, 2023
(April 1, 2023 toJune 30, 2023)
Cash flows from operating activities
Income before income taxes
Depreciation
Depreciation of intangible assets
Amortization of long-term prepaid expenses
Impairment loss
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in trade payables
Increase (decrease) in other current liabilities
Share of loss (profit) of entities accounted for using equity
methodOther
SubtotalInterest and dividends received
Interest expenses paid
Proceeds from compensation for forced relocation
Income taxes paid
Net cash provided by operating activities
Cash flows from investment activities
Purchase of property, plant and equipment
Payments for asset retirement obligations
Purchase of intangible assets
Purchase of long-term prepaid expenses
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Net cash provided by investment activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Purchase of treasury shares
Dividends paid
OtherNet cash provided by financing activities
Effect of exchange rate change on cash and cash equivalents
Increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of term
Cash and cash equivalents at end of term

6

Three months ended
June 30, 2024
(April 1, 2024 toJune 30, 2024)

2,731
213
96
165
19(1,354)
(36)
2（0）
2651
266
(624)
(1,272)
(755)

2,804
386
116
185
125(466)
(12)
（0）
1
338
(124)
(37)
(1,007)
449

(124)

(145)

14(5)
0(2)
(1,033)(1,040)

(143)
2,470
0
(1)
136
(456)
2,148

(434)
(49)
(309)
(71)
(33)
79(818)

(444)
(9)
(656)
(72)
(114)
5(1,292)(344)(1,311)(925)(1)(2,582)(9)(4,451)
8,562
4,111

2,654
(983)
1,670
3
2,530
6,486
9,017