Aug. 7, 2024

Brief Financial Report for the First Quarter Ending March 2025
[Based on Japanese Accounting Standards] (Consolidated)
Listed Company: PIOLAX Inc.
Code No.:

5988

Representative:(URL

https://www.piolax.co.jp)

President

Contact person in charge:

Satoshi Yamada
General Manager, Management & Planning Department

Date scheduled to start dividend payment:

Toshihiro Fukuda (Tel. 045-577-3880)-Preparation of supplementary materials for financial results:
Information meeting for financial results to be held:

NoNo(Amounts are rounded to the nearest million yen)

1. Consolidated performance for the first quarter ending March 31, 2025 (April 1, 2024 to June 30, 2024)(1) Consolidated business results (Total sum)

(Percentage changes from the same period the previous year)

Net sales

Net income attributable toowners of PIOLAX Inc.

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

15,734
15,100

4.2
8.5

649
901

-27.9
-27.1

897
1,089

-17.7
-23.5

721
999

-27.8
-6.0

FY3/25 1Q
FY3/24 1Q

Note:

Operating income

Comprehensive income

FY3/25 1Q

3,072 million yen (57.2%), FY 3/24 1Q

Quarter net income per
share
FY3/25 1Q
FY3/24 1Q

1,954 million yen (-49.4%)

Quarter net income pershare-dilutedYenYen

21.18
29.35

-(2) Consolidate financial position
Total assets

FY3/25 1Q

Equity capital ratio

Millions of yen%

122,330
121,416

108,998
107,94487.7
87.5

FY3/25 1Q
FY3/24(Reference) Equity capital:

Net assets

Millions of yen

107,288 million yen, FY 3/24

106,297 million yen

2. Cash dividends
Annual dividends
End of first quarterEnd of second quarterEnd of third quarterTerm end

Full year

Yen

Yen

Yen

Yen

Yen-69.00-59.00128.00

39.00

-

53.00

92.00

FY3/24
FY3/25
FY3/25 (Forecast)

Note: 1. Changes in the latest forecasts released: No
2. The end of second quarter dividend for the fiscal year ending March 31, 2024 includes a 90th anniversary commemorative
dividend of 10.00 yen.

3. Forecast consolidated performance for the year ending March 31, 2025 (April 1, 2024 to March 31, 2025)(Percentage changes from previous period, and changes from the previous first half term for the same term)

Net salesFirst half (total sum)
AnnualOperating income

Net income attributableto owners of PIOLAXInc.

Ordinary income

Net income
per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

32,00066,000

3.3
2.2

1,300
3,600

-30.9
-24.3

1,800
4,700

-23.5
-16.8

1,300
3,100

-34.4
-22.8

38.19
91.06

Note: Changes in the latest forecasts released: No- 1 -PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2025

2. Quarterly consolidated financial statement(1) Quarterly consolidated balance sheet(Millions of Yen)

Previous consolidated FY

Current first quarter(March 31, 2024)(June 30, 2024)

AssetsCurrent assets
Cash and cash equivalents

35,65236,383

Notes and accounts receivable-trade13,442

12,790Electronically recorded monetary claims-operating

2,213

2,114

Marketable securities

1,620

1,329

Goods and Finished products

5,980

6,467

Material in progress

2,238

2,374

Raw materials and inventory goods

3,148

3,116

Income taxes receivable
Other34158

2,769

2,547-38-37

67,062

67,244

Buildings and structures (net)12,14412,237

Machinery equipment and vehicles (net)

7,868

8,168

Tools, furniture and fixture (net)

2,514

2,575

Land

5,885

5,904

Allowance for bad loans
Total current assets
Fixed assets
Tangible fixed assets

448

444

Construction in progress

1,304

1,442

Total tangible fixed assets

30,16530,772

Other

1,565

1,526

Total intangible fixed assets

1,565

1,526

Investment account securities

21,311

21,418

Other

1,315

1,372

-4-4

22,62322,787

Lease asset (net)

Intangible fixed assets

Investments and other assets

Allowance for bad loans
Total investments and other assets
Total fixed assets
Total assets- 2 -54,35355,086

121,416

122,330

PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2025

(Millions of Yen)

Previous consolidated FY

Current first quarter(March 31, 2024)(June 30, 2024)

Liabilities
Current liabilities
Accounts payable-trade

3,151

3,005

Accrued income taxes

689

248

Allowance reserve

938

481

Asset removal liabilities

12-

Other4,650

6,631

Total current liabilities

9,442

10,366

Provision for share-based remuneration for directors

159

177

Provision for share-based remuneration

1728

Net defined benefit liability

323

346

Long-term liabilities

Asset removal liabilities
Other100

101

3,428

2,313

4,029

2,966

13,472

13,332

Common stock

2,960

2,960

Capital surplus

2,634

2,572

Retained earnings

94,06891,318

Total long-term liabilities
Total liabilities
Total equity
EquityTreasury stock-4,732-3,218

Total shareholders’ equity

94,932

93,634

1,791

1,691

Accumulated other comprehensive income
Unrealized gain on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests in consolidated subsidiaries
Total equity
Total liabilities and equity- 3 --0-3

9,469

11,859104106

11,365

13,654

1,646

1,709

107,944108,998

121,416

122,330

PIOLAX Inc. (5988) Brief Financial Report for the First Quarter Ending March 2025

(2) Quarterly Consolidated Statements of (Comprehensive) Income(Quarterly Consolidated Statements of Income)[FY2025 first quarter](Millions of Yen)

Previous first quarter

Current first quarter(April 1, 2023 to June 30, 2023)(April 1, 2024 to June 30, 2024)

Net sales

15,10015,734

Cost of sales

11,433

12,008Gross profit

3,666

3,725

Selling, general and administrative expenses

2,765

3,075

901

649

Interest income

99

159

Dividend income

3747

Equity method investment gain

166

134

Other90

66

Total non-operating income

394

408

Interest expense

25

Loss on disposal of property and equipment

10

Loss on valuation of derivatives

112

Operating income
Non-operating incomeNon-operating expenses

Cost of lease revenue

11

Foreign exchange loss

7150

Building demolition expense

11572

228206161

Ordinary income

1,089

897

Quarterly net income before taxes and other adjustments

1,089

897

Other
Total non-operating expenses

Corporate taxes
Net income before non-controlling interests

76

162

1,013734

Net income attributable to non-controlling interests1413

Net income attributable to owners of PIOLAX Inc.

999

721

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