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.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
January 29, 2024
Company name: NAGAWA Co.,Ltd.
Stock exchange listing: Tokyo
Code number: 9663
URL: https://group.nagawa.co.jp/
Representative: Ryo Shimmura
President
Contact: Masayoshi Kunou
Senior Executive Officer
Phone: +81-3-5288-8666
Scheduled date of filing quarterly securities report: February 8, 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. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
December 31, 2023
23,636
4.3
3,012
(6.8)
3,346(5.8)
2,290
(5.8)
December 31, 2022
22,660
3.8
3,232
(0.3)
3,550
2.7
2,431
10.2
(Note) Comprehensive income:Nine months ended December 31, 2023:¥
4,513 million [89.8%]
Nine months ended December 31, 2022:¥2,378 million [9.1%]
Basic earnings
per share
Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings pershareYen

Yen

145.70154.65-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
62,213
March 31, 2023
58,806(Reference) Equity: As of December 31, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥

57,05053,48057,050 million
53,480 million

%

91.7
90.9

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-0.00

-60.0060.00

Fiscal year ending March 31, 2024-0.00

60.00

60.00

Year-end

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending March 31, 2024 :Commemorative dividend- yenSpecial dividend
- yen

Total

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parentper share
Millions of yen% Millions of yen% Millions of yen

Full year
35,000
10.6
5,200
20.7
(Note) Revision to the financial results forecast announced most recently:

5,400
No% Millions of yen

15.5

3,700%

Yen

18.2

235.31* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:
Exclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) 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(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023:
16,357,214 shares
March 31, 2023:
16,357,214 shares
2) Number of treasury shares at the end of the period:
December 31, 2023:
637,307 shares
March 31, 2023:
633,507 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
Nine months ended December 31, 2022:

15,721,274 shares
15,720,120 shares))
NoQuarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims operating
Accounts receivable - trade
Contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Assets for rent, net
Buildings and structures, netLand
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Leasehold and guarantee deposits
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of December 31, 2023

10,870
1,372

7,720
1,327

1,618

1,897

4,559
815
2,708
267
922
293
(1)
23,428

3,779
497
3,381
350
617
542
(1)
20,112

11,541
2,437
7,340
245
212
21,777244

13,428
3,168
7,505
267
238
24,608237

12,193
683
12
137
329
13,35635,37858,806

16,194
743
37
278
(0)
17,254
42,10062,213

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Long-term accounts payable - other
Asset retirement obligations
Deferred tax liabilities
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-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of December 31, 2023

2,777768
280

2,547
233
151

69

57

1
1,347
5,246

2
1,081
4,074

24
52
2
80
5,326

24
46
1,015
2
1,088
5,163

2,855
8,855
42,996(1,820)52,8872,855
8,855
44,344(1,820)54,234

608

2,836

(15)
593
53,48058,806(20)
2,815
57,05062,213

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expensesOperating profit
Non-operating income
Interest income
Dividend income
Rental income
Compensation income
Foreign exchange gains
Miscellaneous income
Total non-operating income
Non-operating expenses
Share-based remuneration expenses
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Loss on liquidation of subsidiaries
Loss on disaster
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

For the nine months
ended December 31, 2023

22,66013,214
9,445
6,213
3,232

23,636
13,976
9,659
6,647
3,012

6
244
13
43
22
18
348

6
301
17
6
31
363

29
0
29
3,550

26
3
30
3,346

30
40
141
141

29
10
39
3,515
971
112
1,084
2,431
2,431

43
20
64
3,423
960
172
1,132
2,290
2,290

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

For the nine months
ended December 31, 2023

2,431

2,290

(35)
(17)
(52)
2,378

2,228
(5)
2,222
4,513

2,378

4,513

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