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 Three Months Ended January 31, 2024
(Based on Japanese GAAP)
March 8, 2024
Company name:First Juken Co., Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8917
URL https://www.f-juken.co.jp/
Representative Director, President
Yuji Nakajima

Inquiries:Director,
Head of Management Department

Hidehiko Higashi

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

March 15, 2024–

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

NoNo

TEL

06-4868-5388(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended January 31, 2024 (from November 1, 2023 to January 31, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended January 31, 2024
7,480 (13.6)
289 (50.2)
275 (51.9)
175 (53.0)
Three months ended January 31, 2023
8,662
4.2
582 (13.2)
573 (12.5)
374 (10.5)
Earnings per share

Diluted earnings per share

Yen
12.65
26.93

Three months ended January 31, 2024
Three months ended January 31, 2023

Yen
12.58
26.81

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
51,80652,674

As of January 31, 2024
As of October 31, 2023

Equity ratio

Millions of yen
38,91939,037

%
72.7
71.7

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

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
21.00

Yen–

Yen
22.00

Yen
43.00

21.00

–

22.00

43.00

Year ended October 31, 2023
Year ending October 31, 2024
Year ending October 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending October 31, 2024 (from November 1, 2023 to October 31, 2024)
Net sales
Millions of yen
Six months ending
April 30, 2024
Full year

Percentages 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

20,8500.2

1,150(22.2)

1,100(24.2)

700(25.3)

50.38

43,4000.1

2,700(0.9)

2,600

(2.3)

1,690

(3.5)

121.62

14. Notes(1) Changes in significant subsidiaries during the three months ended January 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(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:

NoNo

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 January 31, 2024

16,901,900 shares As of October 31, 2023

16,901,900 shares

Number of treasury shares at the end of the period
As of January 31, 2024

3,006,166 shares As of October 31, 2023

3,006,166 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended January 31, 2024

13,895,734 shares Three months ended January 31, 2023

213,895,734 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of October 31, 2023
AssetsCurrent assets
Cash and deposits
Real estate for sale
Real estate for sale in process
Costs on construction contracts in progress
Supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction contracts
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for warranties for completed construction
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
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-sale securities
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of January 31, 2024

18,955,466
13,599,472
6,186,687
1,080,236
4,088
467,310
40,293,261

17,137,733
13,146,555
7,051,674
1,121,111
2,600
457,305
38,916,979

3,912,782
6,925,093
584,389
11,422,265
326,459
632,028
12,380,753
52,674,014

3,994,599
7,220,198
712,381
11,927,179
324,532
637,753
12,889,466
51,806,446

3,146,864
1,317,110
5,263,611
351,570
431,525
145,321
14,70035,666560,289
11,266,658

2,310,165
1,295,420
5,991,961
349,104
101,40268,452
16,10029,890459,826
10,622,323

1,930,059
393,61346,5132,370,186
13,636,844

1,843,594
377,089
44,2172,264,901
12,887,225

1,584,837
1,344,145
37,362,769(2,576,632)
37,715,121

1,584,837
1,344,145
37,232,783(2,576,632)
37,585,135

54,64954,64971,4801,195,918
39,037,169
52,674,014

58,42458,424
71,4801,204,180
38,919,221
51,806,446

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

January 31, 2023

January 31, 2024

Net sales
Cost of sales

8,662,433
7,206,096

7,480,267
6,410,026

Gross profit

1,456,336

1,070,241

Selling, general and administrative expenses

873,728

780,280

Operating profit

582,608

289,960

Interest income
Dividend income

88
1,700

126
2,653

Rental income from land and buildings
Other

1,053
11,949

1,365
1,795

Total non-operating income

14,7915,941

24,363

20,240–0Non-operating income

Non-operating expenses
Interest expenses
Other

24,363

20,240Ordinary profit

Total non-operating expenses

573,035

275,661

Profit before income taxes

573,035

275,661

Income taxes

185,134

89,475

Profit387,900

186,186

Profit attributable to non-controlling interests

13,696

10,466

Profit attributable to owners of parent

374,204

175,720

4

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

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income

Three months ended

Three months ended

January 31, 2023

January 31, 2024

387,900

186,186

19,965

3,971

19,965

3,971

Comprehensive income

407,866

190,157

Comprehensive income attributable toComprehensive income attributable to owners of parent

392,444

179,494

15,421

10,662Comprehensive income attributable to non-controllinginterests

5