Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 9, 2024
Company name: OVAL Corporation
Stock exchange listing: Tokyo Stock Exchange
Code number: 7727
URL: https://www.oval.co.jp
Representative: Jun Tanimoto, President and Representative Director
Contact: Yoshio Asanuma, Director and Managing Executive Officer, in charge of the Administration Department
Phone: +81-3-3360-5061
Scheduled date of filing quarterly securities report: February 9, 2024
Scheduled date of commencing dividend payments: –Availability of supplementary explanatory materials on quarterly financial results: None
Schedule of quarterly financial results briefing session: None
(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 - December 31,2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2023
10,556
11.5
1,263
40.9
1,313
34.5
843
59.7
December 31, 2022
9,470
17.3
896 297.0
976 175.2
528 147.7(Note) Comprehensive income: Nine Months ended December 31, 2023: ¥1,111 million [29.4%]
Nine Months ended December 31, 2022: ¥859 million [121.1%]
DilutedEarnings
earnings perper shareshareNine months ended
Yen
Yen–
December 31, 2023
37.66
December 31, 2022
23.58–
(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Million yen%

22,904As of December 31, 2023
15,11022,365
As of March 31, 2023
14,282(Reference) Equity: As of December 31, 2023: ¥14,657 million
As of March 31, 2023: ¥13,865 million

64.0
62.0

1

2. Dividends
Annual dividends
1st
2nd
3rd
Yearquarter- quarter- quarterendend
endend
Yen

Yen

Yen

TotalYen

Yen

Fiscal year ended–
4.00–5.00
9.00
March 31, 2023
Fiscal year ending–7.00–
March 31, 2024
Fiscal year ending
March 31, 2024
7.00
14.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently: None
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31,2024)(% indicates changes from the previous corresponding period.)
Profit attributable
Earnings
Net sales
Operating profit
Ordinary profit
to owners
per shareof parent
Million yen%Million yen% Million yen% Million yen

Full year
14,0005.21,40026.7
1,500
22.1(Note) Revision to the financial results forecast announced most recently: Yes

2910%

40.2

Yen40.62

* Notes:(1) Changes in significant subsidiaries during the period under review: None
(2) Accounting methods adopted particularly for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Total number of shares issued (common shares)
1) Total number of shares issued at the end of the period (including treasury shares):December 31, 2023:
26,180,000 shares
March 31, 2023:
26,180,000 shares2) Total number of treasury shares at the end of the period:
December 31, 2023:
3,776,044 shares
March 31, 2023:
3,776,043 shares
3) Average number of shares during the period:
Nine Months ended December 31, 2023:
Nine Months ended December 31, 2022:

22,403,957 shares
22,403,995 shares* These quarterly consolidated financial results are outside the scope of quarterly review by certified public accountants
or an audit firm.
* Explanation of the proper use of financial results forecast and other notes(Cautionary note on forward-looking statements, etc.)
Forward-looking statements and other statements about the future in this document are based on information currently
available to the Company and certain assumptions deemed reasonable. Actual performance and other results may differ
significantly due to various factors.
In light of the third quarter financial results of the fiscal year under review, the Company is currently considering
measures to be taken after the fourth quarter. If the Company determines that the financial results forecast should berevised, the Company will promptly disclose the revised forecast.

3