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.

Summary of Non-Consolidated Financial Results
for the Nine Months Ended April 30, 2024
[Based on Japanese GAAP]
June 10, 2024
Company name: SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Code number: 9262
URL: https://www.silver-life.co.jp/
Representative: Takahisa Shimizu
President, CEOContact: Hirokazu Masuyama
Director, Administration ManagerPhone: +81-03)6300-5629
Scheduled date of filing quarterly securities report: June 10, 2024
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Nine Months Ended April 30, 2024 (August 1, 2023 to April 30, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net salesNine months endedApril 30, 2024
April 30, 2023

Operating profit

Millions of yen% Millions of yen

10,058
9,022

11.5
9.1

667
554

Basic earnings
per share
Nine months endedApril 30, 2024
April 30, 2023

Ordinary profit% Millions of yen

20.5
16.1

822
698

Net income% Millions of yen

17.7
19.8

Diluted earnings pershare
Yen

Yen

46.73
40.46

46.28
39.92

(2) Non-consolidated Financial Position
Total assets
As ofApril 30, 2024
July 31, 2023
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

9,780
9,562
As of April 30, 2024:
As of July 31, 2023:

Capital adequacy ratio

¥¥

6,262
5,916
6,262 million
5,916 million

%

64.0
61.9

506
437%

15.9
14.6

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended July 31, 2023

-

0.00

-

15.00

15.00

Fiscal year ending July 31, 2024

-

0.00

15.00

15.00

Year-end

Fiscal year ending July 31, 2024
(Forecast)

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending July 31, 2024 :Commemorative dividend- yenSpecial dividend- yen
3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2024(August 1, 2023 to July 31, 2024)(% indicates changes from the previous corresponding period.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share
Millions ofyen%Millions ofyen%

Full year
13,1006.876013.4(Note) Revision to the financial results forecast announced most recently:

Millions ofyen%Millions ofyen%

Yen95010.7620

2.957.18

No* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
April 30, 2024:
10,860,400 shares
July 31, 2023:
10,842,800 shares
2) Number of treasury shares at the end of the period:
April 30, 2024:
422 shares
July 31, 2023:
422 shares
3) Average number of shares outstanding during the period:
Nine months ended April 30, 2024:
Nine months ended April 30, 2023:

10,844,048 shares
10,806,080 sharesNoQuarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousands of yen)
As of July 31, 2023

As of April 30, 2024Assets
Current assets
Cash and deposits
Accounts receivable - trade

1,507,524
1,138,985

1,417,838
1,240,498

Merchandise and finished goods
Raw materials and supplies

420,316
45,642

381,71466,441Other
Allowance for doubtful accounts

545,874(78,858)

584,831(105,431)

3,579,485

3,585,892

3,036,051

3,110,212

1,421,328
52,085

1,583,520
64,935

849,775

849,999

Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, net
Construction in progress
Other, net

5,359,240

5,608,668

Intangible assets

Total property, plant and equipment

399,679

368,385

Investments and other assets
Other

238,371

231,433

Allowance for doubtful accounts(14,278)(14,193)

Total investments and other assets

224,092

217,240

5,983,012

6,194,294

9,562,497

9,780,187

Current liabilities
Accounts payable - trade591,357

633,817

Contract liabilities
Lease liabilities

8,681
720

6,772
720

Provision for bonuses
Accounts payable - other564,476

11,608608,853

Current portion of long-term borrowings
Income taxes payable

239,400
173,545

239,400
176,698

Provision for shareholder benefit program
Other

57,923
116,677

23,078121,017

Total current liabilities

1,752,782

1,821,967

Non-current liabilities
Long-term borrowings

1,712,050

1,532,500

2,042
12,927

1,501
7,229

Total non-current assets
Total assets
Liabilities

Lease liabilities
Long term contract liabilities
Other
Total non-current liabilities
Total liabilities

166,500

154,502

1,893,520

1,695,733

3,646,302

3,517,701

(Thousands of yen)
As of July 31, 2023

As of April 30, 2024

Net assets
Shareholders' equity
Share capital
Capital surplus

730,286
720,286

731,387
721,387

Retained earnings
Treasury shares

4,466,578(956)

4,810,666(956)

Total shareholders' equity

5,916,194

6,262,486

5,916,194

6,262,486

9,562,497

9,780,187

Total net assets
Total liabilities and net assets

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the nine months)(Thousands of yen)
For the nine months
ended April 30, 2023

For the nine months
ended April 30, 2024

Net sales
Cost of sales

9,022,367
6,302,223

10,058,701
6,832,275

Gross profit

2,720,144

3,226,425

Selling, general and administrative expenses

2,166,055

2,558,753

554,088

667,672

Operating profit
Non-operating income
Interest income

9,551

8,856

Compensation income
Other

129,80936,574135,180
44,409Total non-operating income

175,934

188,446

Non-operating expenses
Interest expenses

3,399

3,268

Rental expenses
Bad debt expenses

13,625
1,630

19,087
3,351

Provision of allowance for doubtful accounts
Depreciation

2,788
8,711

3,455
3,161

Other

1,031

1,445

Total non-operating expenses

31,18533,769698,838

822,350

13

8,404

Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Other

-500

Total extraordinary losses

138,904

Profit before income taxes

698,824

813,446

Income taxes - current
Income taxes - deferred

252,653
8,944

298,608
8,114

Total income taxes

261,597306,722

Profit437,226

506,723