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August 8, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
Company name:
Property Data Bank, Inc.
Listing:
Tokyo Stock Exchange
Securities code:
4389
URL:
https://www.propertydbk.com
Representative:
Sadahisa Takeno, CEO
Inquiries:Takeshi Ohta, Managing Director, in charge of Administration
Telephone:+81-3-5777-3468
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024 )(Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Net sales
Three months ended
June 30, 2024
June 30, 2023

Operating profit

Profit attributable to owners ofparent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

755

30.2

221

320.5

222

326.7

148

326.5

580

13.4

52(21.4)

52(21.9)34(66.3)

Note: Comprehensive income For the three months ended June 30, 2024: ¥ 148 million [ 313.7 % ]For the three months ended June 30, 2023: ¥ 35 million [ (65.2) % ]Basic earnings per share
Three months endedJune 30, 2024
June 30, 2023

Diluted earnings per shareYenYen

25.49-6.02-(2) Consolidated financial position
Total assets
As ofJune 30, 2024
March 31, 2024

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

4,114

3,328

80.9

3,895

3,297

84.6

Reference: Equity
As of June 30, 2024 : ¥ 3,328 million
As of March 31, 2024: ¥ 3,297 million

2. Cash dividends
First quarter-end
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
Fiscal year ending
March 31, 2025
(Forecast)

Annual dividends per share
Third quarter-end

Second quarter-end

Fiscal year-end

TotalYenYenYen

Yen

Yen-

0.00

-

20.00

20.00

20.00

20.00

0.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Fiscal year ending
March 31, 2025

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

3,980

58.2

830

91.1830

89.8

570

91.1

97.39

Note: Revisions to the earnings forecasts most recently announced: None
2. At a meeting of the Board of Directors held on July 24, 2024, the Company resolved to dispose of treasury stock as restricted stock compensation. Net income per share" inthe earnings forecast does not take into account the effect of the disposal of treasury stock.

* Notes

* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to Quarterly Consolidated Financial Statements (Notes onaccounting procedures specific to preparation of quarterly consolidated financial statements)" on page 8 of the attached document.

(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For details, please refer to "2. Quarterly Consolidated Financial Statements and Major Notes (3) Notes to Quarterly Consolidated Financial Statements (Notes toChanges in Accounting Policies)" on page 8 of the attached document.

(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024
As of March 31, 2024

5,932,500 shares
5,932,500 shares(ii) Number of treasury shares at the end of the periodAs of June 30, 2024
As of March 31, 2024

87,090 shares
87,090 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024
Three months ended June 30, 2023

5,845,410 shares
5,800,309 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm:
nil* Proper use of earnings forecasts, and other special matters(Cautions on forward-looking statements, etc.)
The forward-looking statements, including forecasts of financial results, contained in these materials are based on information currently available to the Company and on
certain assumptions deemed to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual financial results, etc. may differ
substantially due to various factors. Please refer to “(3) Explanation on consolidated earnings forecasts and other forward-looking statements” of “1. Qualitative Information
on Quarterly Financial Results” on page 3 of the attached materials for the conditions that form the assumptions for the earnings forecasts and cautions concerning the use
thereof.

Quarterly consolidated balance sheet(Thousands of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits

1,870,459

2,166,159

Notes receivable - trade

8,841

-

Accounts receivable - trade290,967

206,589

Contract assets

4,449

98,336Work in process

9,053

17,065

Supplies

6,525

6,756

Prepaid expenses

57,561

61,418

Other

89,214

2,261

Allowance for doubtful accounts

(422)

(427)

2,336,650

2,558,159

Buildings and structures, net

53,227

52,110Tools, furniture and fixtures, net

37,82541,789Land

72,501

72,501

Leased assets, net

4,694

3,376

Construction in progress

6,418

1,959

174,667

171,738

Goodwill

179,679

170,695

Software285,900

276,998

Software in progress

381,601

402,87900

847,182

850,573

Investment securities

34,50025,928Deferred tax assets

155,855

158,281

Insurance funds

227,461

235,496

Other

119,323

114,375

Total investments and other assets

537,141534,082

1,558,991

1,556,393

3,895,642

4,114,553

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment
Intangible assets

Other
Total intangible assets
Investments and other assets

Total non-current assets
Total assets

(Thousands of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Accounts payable - trade87,962

72,645

Lease liabilities

5,208

3,903

Accounts payable - other47,50842,976

Income taxes payable

7,890

39,974

Accrued consumption taxes

6,450

45,401

Contract liabilities

12,347-Advances received

117,778

278,089

Provision for bonuses43,262

20,384

Other

51,91862,467

Total current liabilities

380,326

565,842

Non-current liabilities
Lease liabilities

204-Retirement benefit liability

85,842

88,404Long-term accounts payable - other131,688

131,688

Total non-current liabilities

217,735

220,092

598,061785,935

Share capital

332,715332,715

Capital surplus

325,080

325,080

Retained earnings

2,706,690

2,740,857

Treasury shares(74,580)(74,580)

Total shareholders' equity

3,289,905

3,324,073

Valuation difference on available-for-sale securities7,675

4,544

Total accumulated other comprehensive income

7,675

4,544

Total net assets

3,297,580

3,328,618

Total liabilities and net assets

3,895,642

4,114,553

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

Quarterly consolidated statement of income(Thousands of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Net sales

580,500

755,861

Cost of sales

300,285

280,718

Gross profit

280,215475,143

Selling, general and administrative expenses

227,542

253,648

Operating profit52,672

221,494

Non-operating income
Interest income

10

Dividend income

161241Dividend income of insurance

530

563

Other

898

629

Total non-operating income

1,592

1,435

69

26

Loss on cancellation of insurance policies

1,019

25

Other

944

0

Non-operating expenses
Interest expenses

Total non-operating expenses

2,034

52

Ordinary profit

52,230222,877-

5,380

Extraordinary income
Gain on sale of investment securities
Total extraordinary income-5,380

Profit before income taxes

52,230228,258

Income taxes

17,84579,279Profit34,384

148,978

Loss attributable to non-controlling interests

(544)

-

Profit attributable to owners of parent

34,929148,978

Quarterly consolidated statement of comprehensive income(Thousands of yen)Three months ended
June 30, 2023
ProfitThree months ended
June 30, 2024
34,384

148,978

Valuation difference on available-for-sale securities

1,582

(195)

Total other comprehensive income

1,582

(195)

Comprehensive income

35,966

148,783

Comprehensive income attributable to owners of parent

36,511

148,783

Comprehensive income attributable to non-controlling interests

(544)

-

Other comprehensive income

Comprehensive income attributable to