Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Non-consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
August 14, 2024
Company name: ZENHOREN CO.,LTD.
Listing: TokyoSecurities code: 5845
URL: https://www.zenhoren.jp/Representative: YukiharuSako
Inquiries: YasuyukiYanaba
Telephone: +81-50-3124-6500
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None

Representative Director, President and Executive Officer
Manager, Corporate Planning(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Non-consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Non-consolidated Operating Results(Percentages indicate year-on-year changes.)
Net sales
Three months ended
June 30, 2024
June 30, 2023

Operating profit

Millions of yen% Millions of yen

6,356
6,053

5.0-696847

Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Ordinary profit% Millions of yen(17.8)-688
832

Net income% Millions of yen(17.3)-Diluted earnings pershare
Yen

Yen

20.86
31.30

19.21
-

(2) Non-consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

21,072
21,793As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio

¥¥

4,936
4,759
4,932 million
4,755 million

%

23.4
21.8

474
575%(17.6)-2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

0.00

-

30.00

30.00

Fiscal year ending March 31, 2025

-

30.00

30.00

Fiscal year ending March 31, 2025

0.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
None(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2025 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Basic earnings
Net sales
Operating profit
Ordinary profit
Net income
per share
Millions of yen% Millions of yen% Millions of yen

Six months ending
12,7244.5
1,051 (39.9)
September 30, 2024
Full year
26,021
6.2
2,403
8.0(Note) Revision to the financial results forecast announced most recently:% Millions of yen%Yen

1,036(39.7)

723(39.0)

31.70

2,372None

8.4

1,623

5.571.04* Notes:(1) Adoption of accounting treatment specific to the preparation of quarterly non-consolidated financial statements:(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

Yes

None

(3) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
23,998,000 shares
March 31, 2024:
22,998,000 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
1,105,884 shares
March 31, 2024:
1,105,884 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

22,725,449 shares
18,376,249 shares* Review of the Japanese-language originals of the attached quarterly non-consolidated financial statements by certified
public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special mattersQuarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Accounts receivable - other
Right to reimbursement
Rent payment
Supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Shares of subsidiaries and associates
Deferred tax assets
OtherTotal investments and other assets
Total non-current assets
Total assets

As of June 30, 2024

5,202
3,402
5,753
1,542
28
2,122(3,288)
14,764

5,427
2,799
6,370
1,770
20
2,267(4,363)
14,292

551
1,849

528
1,631

420
3,754
450
4,626
7,028
21,793

420
3,754
444
4,620
6,780
21,072

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for loss of performance of guarantee
Provision for bonuses
Advances received
Lease liabilities
OtherTotal current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Asset retirement obligations
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Share acquisition rights
Total net assets
Total liabilities and net assets

As of June 30, 2024

1,100
205
934
766
374
10,922634
1,501
16,439

1,100
157
214
782
286
11,141599
1,407
15,688

86
422
84
593
17,033

76
285
84
447
16,135

983
3,333
1,075
(635)
4,755
4
4,759
21,793

1,163
3,513
892(635)
4,932
4
4,936
21,072

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Recoveries of written off receivables
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes
Profit

For the three months
ended June 30, 2024
6,053
1,633
4,420
3,572
847

6,356
2,119
4,237
3,540
696

0
10
20112

160
17832
832
257
575

8
19688
688
214474