Consolidated Financial Results
for the Fiscal Year Ended April 30, 2024
[Japanese GAAP]
June 10, 2024
Company name: Asukanet Co., Ltd.
Stock exchange listing: Tokyo Stock Exchange
Code number: 2438
URL: https://www.asukanet.co.jp
Representative: Yuji Matsuo, Representative Director & President
Contact: Kenya Kono, Senior Managing Director & CFO
Phone: +81-82-850-1200
Scheduled date of Annual General Meeting of Shareholders: July 26, 2024
Scheduled date of commencing dividend payments: July 29, 2024
Scheduled date of filing annual securities report: July 29, 2024
Availability of supplementary briefing material on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended April 30, 2024
(May 1, 2023 to April 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%
April 30, 2024
7,038
447
473
214
April 30, 2023
(Note) Comprehensive income: Fiscal year ended April 30, 2024: ¥241 million [-%]
Fiscal year ended April 30, 2023: ¥ - million [-%]
Basic earnings
per share

Diluted earnings
per share

Rate of return on
equity%Ordinary income
to total assets%

Operating income
to net sales%

Equity ratio

Net assets per share

Fiscal year ended
Yen
Yen
April 30, 2024
13.01
3.5
6.7
6.4
April 30, 2023
(Reference) Equity in earnings of affiliated companies: Fiscal year ended April 30, 2024: ¥- million
Fiscal year ended April 30, 2023: ¥- million(Note) Since the consolidated financial results are prepared from the fiscal year ended April 30, 2024, percentagechanges from the previous corresponding period for the fiscal year ended April 30, 2024, figures for the
fiscal year ended April 30, 2023 and percentage changes from the previous corresponding period are notshown.
Since this is the first fiscal year for consolidation of accounts, rate of return on equity and ordinary income
to total assets are calculated based on the equity and the total assets as of the end of the fiscal year endedApril 30, 2024.
Diluted earnings per share is not presented as there were no potential shares.
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

As of April 30, 2024
7,090
As of April 30, 2023
(Reference) Equity: As of April 30, 2024: ¥6,156 million
As of April 30, 2023: ¥- million

Million yen

%

Yen

6,156
-

86.8
-

374.12-

(Note) Since the consolidated financial results are prepared from the fiscal year ended April 30, 2024, figures asof April 30, 2023 are not shown.
(3) Consolidated Cash Flows
Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Cash and cash
equivalents at endof period

Fiscal year ended
Million yen
Million yen
Million yen
Million yen
April 30, 2024
615
(702)
(301)
1,660
April 30, 2023
(Note) Since the consolidated financial results are prepared from the fiscal year ended April 30, 2024, figures asof April 30, 2023 are not shown.
2. Dividends
Annual dividends
1st
2nd
3rd
Year-endquarter-end quarter-end quarter-end
Yen

Yen

Yen

Yen

Total
Yen

Total
dividends(Annual)Dividend
payoutratio(Consolid
ated)

Dividends
tonet assets(Consolid
ated)Million yen%%

Fiscal year ended
0.00
9.00
9.00
149
April 30, 2023
Fiscal year ended
0.00
7.00
7.00
115
53.8
1.9
April 30, 2024
Fiscal year ending
April 30, 2025
0.00
7.00
7.00
35.5
(Forecast)(Note) Since the consolidated financial results are prepared from the fiscal year ended April 30, 2024, dividend
payout ratio (consolidated) and dividends to net assets (consolidated) for the fiscal year ended April 30,
2023 are not shown.
Since this is the first fiscal year for consolidation of accounts, dividends to assets (consolidated) arecalculated based on the net assets per share as of the end of the fiscal year ended April 30,2024.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending April 30, 2025
(May 1, 2024 to April 30, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable
Basic earnings
Net sales
Operating income
Ordinary income
to owners of parent
per share
Million yen%

Million yen%

Million yen%

Million yen%

Yen

Full year
7,720
9.7
520
16.2
535
12.9
324
51.4
19.73
(Note) As the Company manages its financial results at an annual base, the financial results forecast for the firsthalf is not disclosed.

* Notes:(1) Changes in significant subsidiaries during the period: No(Changes in specified subsidiaries resulting in the change in scope of consolidation)
Newly included: — company (—)
Excluded: — company (—)(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: 17,464,000 shares
April 30, 2023: 17,464,000 shares2) Total number of treasury shares at the end of the period:
April 30, 2024: 1,007,057 shares
April 30, 2023: 842,257 shares
3) Average number of shares during the period:
Fiscal year ended April 30, 2024: 16,483,598 sharesFiscal year ended April 30, 2023: 16,672,047 shares* These financial results are outside the scope of audit by a certified public accountant or an audit corporation.
* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain assumptions that the Company believes are reasonable, and actual results
may differ significantly from these forecasts due to a wide range of factors.

4. Overview of Business Results
Because the Asukanet Group is creating consolidated financial statements beginning from this fiscal year, we have not
performed comparative analysis with the same period in the previous consolidated fiscal year.

(1) Overview of Business Results for this Consolidated year
During this consolidated fiscal year, although the economy of Japan saw a recovery in corporate results, centered on surging
inbound demand backed by the continuing weak yen and on export businesses, factors such as the unstable international situationin Ukraine and the Middle East, and soaring energy and raw material prices, continue to make the future unpredictable.
Asukanet operates three business areas, each with different positioning and characteristics. They are (1) the funeral business,
which adds digital processing and remote output services for photos of the deceased to a funeral business that is largely unaffectedby economic trends, (2) the photo book business, which provides ideas for new photo output methods that allow users to create
complete photo collections beginning from just a single book, and (3) the aerial display business, which is utilizing unique,recently-developed technologies aiming to create a new market and achieve dreams.
In December 2023, we acquired shares in BET Co., Ltd., which operates a virtual “liver” (online streamer) business, and it
became a subsidiary of our company. Because the deemed acquisition date for BET Co., Ltd. is December 31, 2023, it isconsolidated only for three months from January 1st 2024 to March 31st 2024 for this consolidated fiscal year.
Following is an overview of the business results for each segment. The result figures for each segment include internal intersegment sales.
(Funeral business)
In this business, having passed through the coronavirus pandemic, funerals continue to be smaller in size. Despite a rebounddecrease in the number of funerals held from the previous year, income from our primary business of processing photos of thedeceased showed strong growth due to a steady increase in new contracts resulting from our company’s sales activities. As aresult, sales of frames, paper, and other supplies also increased steadily.
We also focused on expanding sales of our “tsunagoo” DX service for the funeral industry. It was affected by the reductionin the number of mourners resulting from smaller funeral sizes, and although the pace of new contracts has been slower than
expected, the service has been highly rated by the users and use is steadily increasing.
In terms of income, we faced rising procurement prices for consumable supplies and frames, an increase in Cloud service
fees, and an increase in personnel costs due to active recruitment of operators in the understaffed Image Processing Division.
However our training in processing technologies proceeded well, and operations grew starting from the third quarter, which isthe busy period for this business, resulting in segment income that exceeded expectations.
As a result, sales were 3,281,718 thousand yen, and segment income was 752,180 thousand yen.
(Photo book business)
This business operates AsukaBook for the professional photography market in Japan, and MyBook for the general Japanese
consumer market. We are also engaged in OEM supply of photo albums and photo prints based on photos that were taken withsmartphones.
In the professional photographers’ market, after the third quarter we saw the effects from a rebound decline in demand forour primary business of wedding photo albums, following an increase in ceremonies that had been put off due to the coronavirus
pandemic during the previous year. However, due to strong sales of studio photo albums such as for family photos and photosof children, sales were higher than the same period in the previous fiscal year. Initiatives included holding online seminars and“Baby Photo Award”, and launch of new products.
In the general consumer market, due to the weak yen negatively impacting the recovery of overseas travel and a slow recovery
from the decline in photo output, conditions continued to be difficult, particularly in the OEM division. Under these difficult
conditions, we carried out proposals to OEM vendors, a variety of campaigns and contests, a program for “My Book New Year’s
Cards,” and promotions for calendars and graduation albums as seasonal products.

In terms of income, although we carried out improvements to production efficiency, rising raw material prices and a decline
in the operating rate on the OEM line compounded the slow growth in sales, and we faced a difficult struggle for segment
income.
With the acquisition of BET Co., Ltd. as a subsidiary and the deployment of a virtual “liver” (online streamer) business, wehave also started plans for providing photo goods and other products. We also recorded expenses related to advisors and othermatters that were generated as a result of acquiring a subsidiary during this consolidated year. Because the deemed acquisition
date for BET Co., Ltd. is December 31, 2023, sales and profit are included in the results for three months from January 1, 2024
to March 31, 2024.
As a result, sales were 3,617,021 thousand yen, and segment income was 677,714 thousand yen.
(Aerial display business)
This business is aiming to create a market through new image and video expressions utilizing aerial imaging technologies.
We are developing, manufacturing, and selling both glass and plastic “ASKA3D plates” that utilize our original technologies toproject images in mid-air.
In terms of sales, we are conducting sales centered on our own company’s sales operations in Japan and on agents overseas.
Although we have continued to increase the numbers of large-size plates installed for signage applications in Japan and at
financial institutions overseas, the effects of supply delays and problems with the sensors used for operating system applications
have contributed to continuing delays in general orders. In the Middle East, the economic slowdown in Dubai has forced apolicy change as we shift our marketing targets to Saudi Arabia and Kuwait. As a result, the sales of dies that we recorded in
the previous year have fallen off, and sales were below the results of the previous year. We exhibited at two events in Japan andone overseas, and provided exhibition support for our overseas agents, increased the number of sales staff, and strengthened ouronline seminars, web marketing, and other programs.
In terms of production and development, we are working to increase the size of glass plates at our research and development
center, and have delivered some progress. For plastic plates, we are trying for stable production using superior environmentallyfriendly materials. We also worked to reinforce the quality management system aimed at ensuring stable supply.
In terms of profit and loss, as a result of fewer mistakes and an effect of foreign exchange rate, gross profit was higher.
However, segment loss was larger than expected due to lower sales, increased personnel expenses, and increased patent-related
expenses.
As a result, sales were 145,876 thousand yen, and segment loss was 316,966 thousand yen.
As results of the above, consolidated sales were7,038,347 thousand yen, ordinary income was 473,793 thousand yen and net
income attributable to parent company was 214,441 thousand yen due to weak results in the photobook and aerial display
businesses, M&A related expenses, and impairment loss on investment securities.

(2) Overview of the Financial Status
Assets, liabilities, and net assets(Overall situation)
Total consolidated assets at the end of this fiscal year reached 7,090,444 thousand yen. The equity ratio reached 86.8%(Current assets)
Current assets at the end of this fiscal year reached 3,457,907 thousand yen. This includes 1,665,015 thousand yen in cash
and deposits, 901,471 thousand yen in receivables, and 648,580 yen in products for sale.
(Fixed assets)
Fixed assets at the end of this fiscal year reached 3,632,536 thousand yen. This includes 844,060 thousand yen in land, 831,048
thousand yen in buildings, and 571,582 thousand yen in investment securities.
(Current liabilities)
Current liabilities at the end of this fiscal year reached 926,289 thousand yen. This includes 257,203 thousand yen in accounts

payable-other, 184,950 thousand yen as an allowance for bonuses, and 175,134 thousand yen in accounts payable-trade.
(Fixed liabilities)
Fixed liabilities at the end of this fiscal year reached 7,340 thousand yen.
(Net assets)
Net assets at the end of this fiscal year reached 6,156,814 thousand yen. This includes 5,626,124 thousand yen in retained
earnings.

(3) Overview of cash flows in this fiscal year
Cash and cash equivalents (hereafter referred to as “Funds”) at the end of this consolidated fiscal year reached 1,660,015
thousand yen mainly due to an increase in net income and a decrease in acquisition of subsidiary stock.
(Cash flows from operating activities)
Net Funds acquired as a result of operating activities during this consolidated fiscal year were 615,744 thousand yen. The
primary factors affecting this result were pre-tax net income of 365,976 thousand yen and depreciation expenses of 388,776
thousand yen despite a tax payment of 143,625 thousand yen and increase in inventory of 68,324 thousand yen.
(Cash flows from investing activities)
Net Funds expended as a result of investment activities during this consolidated fiscal year were 702,731 thousand yen. Thiswas primarily due to the acquisition of 329,706 thousand yen in tangible fixed asset, an expenditure for acquisition of a subsidiaryof 292,115 thousand yen.
(Cash flows from financing activities)
Net Funds expended as a result of financing activities during this consolidated fiscal year were 301,050 thousand yen. Thiswas primarily due to a payment of 149,865 thousand yen for acquisition of treasury stock and an expenditure for dividend paymentof 149,747thousand yen in dividends.

(4) Future Outlook
Regarding the economic outlook for the coming fiscal year, there is growing uncertainty resulting from the situation overseas
including Ukraine and the Middle East. However, based on a prolonged weak yen and high prices, and good inbound demand,
there is a clear division between the sectors which experience a steady recovery and the sectors where recovery is markedly
slower.
Our company is operating a business that is consistent with the current times in which services are customized to meet
individual needs even for minimum lot sizes, and aims to capture stable demand. We have constructed strong business models inboth the funeral business and photo book business, and despite the effects of the coronavirus pandemic, such as a trend towardholding smaller funerals and a slow recovery of picture output, we are experiencing an ongoing recovery in sales. In the aerial
display business where we are challenging ourselves and working to create a new market, more time has been required to achieve
profitability than we initially expected. However there has been strong interest in the use of aerial imaging operations, and wewill make use of this opportunity to expand this business. We will also continue to challenge ourselves in the development of new
business and services including the virtual business field.
The following constitute the basis for the expected effects on each business area and the results forecast for the fiscal year
ending April 30, 2025.
In the funeral business, funerals tend to be smaller in size especially due to coronavirus pandemic and sales of funeralproduction tools and related products have declined. We are anticipating that funeral market will be weak and slow in recovery.
However there is growing need among funeral companies to streamline their operations and find new sources of income, and weare working to expand use of our “tsunagoo” DX service as a service that meets those needs. In processing photos of the deceased,
our company’s processing technologies and support system have been highly rated, and we expect continued steady grown during
the fiscal year ending April 30, 2025. We will also strengthen the functions of Asuka Cloud, which manages orders for Cloud
services, and increase its rate of use, and will improve operating efficiency by linking the order data from Asuka Cloud with ourcore systems.
In the photo book business, our main product of wedding photo albums for the professional photographer market was affected

by the declining numbers of wedding participants, and unit sales are down somewhat. However we will work to strengthen
influence among freelance photographers and expand our market share. Sales for photo studios are strong, and we plan to
introduce new products suitable for studio photography and further strengthen this business. However in the general consumer
market, we expect a continued difficult environment in the fiscal year ending April 30, 2025 as a result of factors including
reduced overseas travel due to the weak yen and a delay in recovery in the photo output market. In this sort of environment, we
will promote orders of digital materials and operate fan goods targeting virtual fields. We have begun sales of retouch software
for professionals, and are planning to expand sales through our company’s marketing activities and develop it as a new source ofincome.
At BET Co., Ltd., which became a subsidiary in December 2023, we will strengthen collaboration with our company andexpand its business as a virtual “liver” (online streamer) office, and will also utilize the synergy of our two companies, including
providing goods for sale. Centering on our Kaede Lab, we will challenge ourselves in new virtual business areas such as holding
V-tuber festivals.
In the aerial display business, business has unfortunately not grown as we had expected. While we have confirmed definite
needs for aerial displays, these needs have not taken shape as an aerial display market, and have still not yet made inroads as a
new option. In the fiscal year ending April 30, 2025, we will focus particularly on restructuring our overseas agents. In thepromising Middle East area, we will shift to expanding sales in Saudi Arabia and Kuwait as the economic environment in Dubai
declines. As sales applications, we will focus on signage where high unit prices can be expected, and continue increasing the use
cases of our products so that aerial displays can be recognized as a distinct market. In manufacturing areas, we will proceed with
manufacturing and development of the resin plates that feature superior environmental performance, and will deliver the glass
plates manufactured at our technical development center to the market.
Based on the above, in the forecast for the year ending April 30, 2025, we are forecasting sales of 7,720 million yen, operating
income of 520 million yen, ordinary income of 535 million yen, and net income of 324 million yen.
Although we have incorporated the above assumptions regarding changes and effects, there are many uncertain elements, andany change in these assumed conditions potentially may also affect the business forecast. The aerial display business and othernew business areas also involve technological research and marketing that we have not engaged in before, and many uncertain
elements are involved in their commercialization.
Note: The above forecast was created based on information available at the time this material was released, and actual results may
differ from the forecast values due to a variety of factors.

5．Financial Statements for the Fiscal Year
(1) Consolidated Balance sheet(Units: 1,000s yen)
Current fiscal year
(Ended April 30, 2024)
AssetsCurrent assets
Cash and deposits
Bills receivable
Accounts receivable-trade
Merchandise and products
Work in progress
Raw materials and supplies
OthersAllowance for doubtful accounts
Total current assets

1,665,015
539
901,471648,580
68,847102,728
80,576(9,851)
3,457,907

Fixed assets
Tangible fixed assets
Buildings, net
Machinery and equipment, net
Land
Others net
Total tangible fixed assets
Intangible fixed assets
Goodwill
Others831,048
493,357
844,060
177,497
2,345,964
298,891
204,950

Total intangible fixed assets

503,842

Total investments and other assets
Investment securities
Deferred tax asset
Others571,582
111,514
99,632

Total investment and others

782,730

Total fixed assets
Total assets

3,632,536
7,090,444

(Units: 1,000s yen)
Current fiscal year
(Ended April 30, 2024)
Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-other
Income taxes payable
Advance payment
Provision for bonuses
Others

175,134
257,20385,473
17,490184,950
206,037

Total of current liabilities

926,289

Fixed liabilities
Provision for retirement benefits
OthersTotal fixed liabilities
Total liabilities

4,704
2,635
7,340
933,629

Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

490,300
626,380
5,626,124(627,799)
6,115,005
41,80841,8086,156,814
7,090,444

(2) Consolidated Profit and loss statement for the fiscal year
(Units: 1,000s yen)
Current fiscal year
(May 1, 2023-April 30, 2024
Net sales
Cost of sales

7,038,347
3,824,005

Gross profit

3,214,342

Selling, general, and administrative expenses

2,766,890

Operating income

447,451

Non-operating income
Interest received
Dividends received
Insurance gain
Exchange gain
Subsidy
Others

5,200
1,575
4,462
11,8703,238
3,085

Total non-operating income

29,432Non-operating expenses
Loss from investment entity
Expense for purchasing treasury stocks
Compensation for damages
Others

2,186
448
428
27

Total non-operating expenses

3,090

Ordinary income

473,793

Extraordinary losses
Loss from retirement of fixed assets
Loss on valuation of investment securities

7,917
99,900Total extraordinary losses

107,817

Net income before taxes

365,976

Income taxes etc.
Income tax adjustment

137,578
13,956

Total income taxes

151,535

Net income

214,441

Net income attributable to parent company

214,441

Consolidated statement of comprehensive income(Units: 1,000s yen)
Current fiscal year
(May 1, 2023-April 30, 2024
Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income

214,441
26,91826,918Comprehensive income

241,359(Breakdown)
Net income attributable to parent company

241,359(3) Statement of consolidated cash flows(Units: 1,000s yen)
Current fiscal year
(May 1, 2023-April 30, 2024
Cash flows resulting from operating activities
Net income before taxes
Depreciation expenses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Interest and dividends received
Impairment loss of investment securities
Revenue from investment partnership (gains)
Foreign exchange losses (gains)
Loss on disposal of fixed assets
Decrease (increase) in notes and accounts receivabletrade
Decrease (increase) in inventory assets
Increase (decrease) in accounts payable-trade(68,324)(11,975)

Increase (decrease) in accounts payable
Increase (decrease) in accrued consumption taxes
Increase (decrease) in retirement benefit obligation
Others(4,406)(50,104)(646)
12,597

Subtotal

753,530

Interest and dividends received
Income taxes paid

5,839
(143,625)

Cash flows due to operating activities

615,744

Cash flows due to investing activities
Purchase of tangible fixed assets
Purchase of intangible fixed assets
Purchase of investment securities
Withdrawal of loans
Collection of loans receivable
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of shares of subsidiary to change in thescope of consolidation
OthersCash flows due to investing activities
Cash flows due to financing activities
Purchase of treasury stock
Cash dividends paid
OthersCash flows due to financing activities
Effect of exchange rate on cash and cash equivalents

365,976
388,776
9,641
8,419(9,390)(6,775)99,9002,186(4,026)
7,917
13,764(329,706)(55,342)(10,000)(650)
294(5,000)5,000(292,115)(15,211)(702,731)(149,865)(149,747)(1,437)(301,050)
4,026

Net increase (decrease) in cash and cash equivalents(384,011)

Balance of cash and cash equivalents at beginning of year

2,044,027

Balance of cash and cash equivalents at end of year

1,660,015

(Business merger issue)(Business merger resulting from acquisition)
At a board of directors meeting held on November 17, 2023, Asukanet resolved to acquire shares in BET Co., Ltd. and make ita subsidiary of our company. A share transfer agreement was concluded on the same date and we acquired the shares on December
4, 2023.
(1) Overview of business merger① Name of acquired company and its business areas
Name of acquired company:
BET Co., Ltd.
Business areas:
Operation of a virtual “liver” (online streaming) studio② Primary reasons for the business merger
In addition to expected future growth as a virtual “liver” studio, there are advantages gained from synergy, including making
use of the company’s knowledge regarding on-demand manufacturing in the Asukanet photo book business, and providing
character goods. We also expect that applying our company’s resources including communication planning with fans andmedia mix development will also create new growth opportunities.
③ Merger date
December 4, 2023 (share acquisition date)
December 31, 2023 (assumed share acquisition date)④ Legal form of merger
Acquisition of shares paid for with cash
⑤ Name of company after merger
The name will not be changed after the merger.
⑥ Share of voting rights acquired
100％⑦ Primary basis for deciding the company to acquireThis is based on our company acquiring shares paid for with cash.
(2) Results period of acquired corporation included in the consolidated profit and loss statement
January 1,2024 – March 31,2024(3) Acquisition cost for acquired company breakdown by price type
Acquisition priceCash and savings

400,000 thousand yen

Acquisition cost

400,000 thousand yen(4) Details and amounts of primary acquisition-related expenses
Remuneration to advisors, fees, etc.

37,854 thousand yen(5) Amount of generated goodwill, cause of generation, depreciation method, and depreciation period① Amount of generated goodwill
308,533 thousand yen② Cause of generation
Primarily expected excess earning power resulting from future business growth③ Depreciation method and depreciation period
Straight-line method over eight years

(6) Amount and breakdown of asset on the date of acquisition
Current asset

137,518

Fixed asset―

Total asset

137,518

Current liability

46,051

Fixed liability―

Total liability

46,051Thousand yen(Segment information etc.)
Our group includes three business: the funeral business, photobook business, and aerial display business. New business of virtual“liver” business has been included in photo book business segment.
Information related to the amounts of sales, income or loss, assets, liabilities, and other items for each reporting segment is provided.
Current consolidated fiscal year (May 1, 2023 – April 30, 2024)(Units: 1,000s yen)
Reporting segment
Funeralbusiness

Photo bookbusiness

Aerialdisplaybusiness

Adjustments

Amountrecorded in
profit and loss
statement

Total

Sales
Sales to outside
customers
Inter-segment internalsales and transfers

3,281,718

3,611,292

145,336

7,038,347―

7,038,347

―

5,728

540

6,268

(6,268)―3,281,718

3,617,021

145,876

7,044,616(6,268)

7,038,347

Segment income (loss)

752,180

677,714(316,966)

1,112,928(665,476)

447,451

Other items
Depreciation

46,863

272,663

39,282358,808

29,967

388,776

Total

This is the summarized translation of released report for your reference.
Please refer to the original Japanese financial document.