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.

August 7, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[J-GAAP]
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

MIYAJI ENGINEERING GROUP, INC.
Tokyo Stock Exchange
3431
https://www.miyaji-eng.com/
Shigetoshi Aota, President and Representative Director
Akinobu Endo, Operating Officer and General Manager, Planning and Management
Department
E-mail:meg.IR@miyaji-eng.co.jp
Scheduled date to commence dividend payments:－
Preparation of supplementary material on financial results:
None
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)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2024

15,692

0.0

1,210

(1.6)

1,309

(0.5)

722

5.0

June 30, 2023

15,684

26.8

1,230

47.3

1,314

42.9

687

15.8

¥869 million¥1,330 million[(34.6)%][72.2%]

Note: Comprehensive income
For the three months ended June 30, 2024:
For the three months ended June 30, 2023:
Basic earnings
per share
Three months ended

Diluted earnings
per share
Yen

Yen

June 30, 2024

53.07

-

June 30, 2023

50.54

-

Note: The Company has conducted a two-for-one share split of its common shares, effective October 1, 2023. The amount of basic
earnings per share has been calculated assuming that the share split had been conducted at the beginning of the previous
fiscal year.

(2) Consolidated financial position
Total assets
As ofMillions of yen

Net assets

Equity-to-asset ratio

Millions of yen%

June 30, 2024

72,12445,446

54.0

March 31, 2024

74,146

46,63053.6

Reference:

EquityAs of June 30, 2024:
As of March 31, 2024:¥38,969 million¥39,711 million

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025

-

1.
2.

3.

Total

Yen

Yen

170.00-107.00

-

85.00

-

55.00

-

-

Fiscal year ending
March 31, 2025
(Forecast)
Note:

Fiscal year-end

Revisions to the cash dividends forecasts most recently announced: Yes
Breakdown of dividends at the end of the second quarter of the fiscal year ended March 31, 2024
Ordinary dividend:¥150.00
Commemorative dividend:¥20.00Since the Company has conducted a two-for-one share split of its common shares, effective October 1, 2023, the dividends atthe end of the second quarter of the fiscal year ended March 31, 2024 is the amount before the share split, and the dividends
at the end of the fiscal year is the amount after the share split.
The annual total is not shown because a simple comparison is not possible due to the share split.
The annual dividend per share assuming that the share split had been conducted at the beginning of the previous fiscal year
would be ¥192 (including a commemorative dividend of ¥10).
The Company plans to conduct a two-for-one share split of its common shares, effective October 1, 2024.
The dividends at the end of the second quarter of the fiscal year ending March 31, 2025 (forecast) is the amount before theshare split, and the dividends at the end of the fiscal year is the amount after the share split.
The annual total is not shown because a simple comparison is not possible due to the share split.
The annual dividend per share without considering such share split would be ¥195.
For details, please refer to “Proper use of earnings forecasts and other special matters.”

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 toMarch 31, 2025)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Millions of yen%

Millions of yen

First half

35,000

10.4

4,200

42.3

Full year

73,000

5.2

9,500

20.2

Note:

Profit attributable toowners of parent

Ordinary profit% Millions of yen

Basic earnings
per share%

Millions of yen

%

Yen

4,250

37.6

1,900

7.0

139.61

9,600

21.4

4,400

1.0

161.65

Revisions to the financial result forecasts most recently announced: None
The Company plans to conduct a two-for-one share split of its common shares, effective October 1, 2024.
The amount of basic earnings per share in the consolidated financial result forecast for the first half of the fiscal year ending
March 31, 2025 is calculated based on the number of shares before the share split.
The amount of basic earnings per share in the consolidated financial result forecast for the full year of the fiscal year ending
March 31, 2025 is calculated based on the assumption that the share split was conducted at the beginning of FY2024.

* Notes(1) Significant changes in the scope of consolidation during the period: None
Newly included: - companies ()- companies ()
Excluded:(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 Principal Notes, (3) Notes to Quarterly
Consolidated Financial Statements, (Adoption of accounting treatment specific to the preparation of quarterly
consolidated financial statements)” on page 8 of the Attachment.

(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 other than (i) above: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note:

For details, please refer to “2. Quarterly Consolidated Financial Statements and Principal Notes, (3) Notes to Quarterly
Consolidated Financial Statements, (Notes on changes in accounting policies)” on page 8 of the Attachment.

(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

13,838,908 shares

As of March 31, 2024

13,838,908 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

229,372 shares

As of March 31, 2024

229,266 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2024

13,609,578 shares

Three months ended June 30, 2023

13,609,875 shares

Note: The Company has conducted a two-for-one share split of its common shares, effective October 1, 2023. Total number
of issued shares at the end of the period, number of treasury shares at the end of the period, and average number ofshares outstanding during the period have been calculated assuming that the share split had been conducted at the
beginning of the previous fiscal year.

* Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or an audit corporation: Yes (voluntary)* Proper use of earnings forecasts and other special matters(Cautionary note concerning forward-looking statements)
1. The earnings forecasts and other forward-looking statements presented in this document are based on
information currently available to the Company and certain assumptions deemed to be reasonable and do not
represent a commitment from the Company that they will be achieved. Actual results may differ significantly
due to various factors. For preconditions for the earnings forecasts and notes on the use of the earnings
forecasts, please refer to “1. Overview of Operating Results, etc., (3) Explanation of Consolidated Earnings
Forecasts and Other Forward-looking Information” on page 3 of the Attachment.
2. The Company plans to conduct a two-for-one share split of its common shares, effective October 1, 2024,
and the year-end dividends in the cash dividends forecast for the fiscal year ending March 31, 2025 iscalculated based on the number of shares after such share split.
Basic earnings per share in the financial result forecast for the full year of the fiscal year ending March 31,
2025 is calculated based on the assumption that the share split was conducted at the beginning of FY2024.
The dividends per share forecast for the fiscal year ending March 31, 2025 and basic earnings per share in the
consolidated financial result forecast for the full year of the fiscal year ending March 31, 2025 without
considering such share split are as follows.
(1) Dividends per share
Year-end:¥110.00
Annual:¥195.00(2) Basic earnings per share
Full year:¥323.30

For details of the share split and revisions to the cash dividends forecasts, please refer to the “Notice on the
Share Split, and the Partial Amendment to the Articles of Incorporation and the Revision of Dividend
Forecasts associated with the Share Split” announced today.

Table of Contents - Attachments
1. Overview of Operating Results, etc. ............................................................................................................... 2(1) Overview of Operating Results for the Quarter under Review .................................................................. 2(2) Overview of Financial Position for the Quarter under Review .................................................................. 2(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Information ...................... 3
2. Quarterly Consolidated Financial Statements and Principal Notes ................................................................ 4(1) Quarterly Consolidated Balance Sheets ..................................................................................................... 4(2) Quarterly Consolidated Statements of Income and Comprehensive Income ............................................. 6
Quarterly Consolidated Statements of Income ........................................................................................... 6
For the Three Months Ended June 30, 2024
Quarterly Consolidated Statements of Comprehensive Income ................................................................. 7
For the Three Months Ended June 30, 2024
(3) Notes to Quarterly Consolidated Financial Statements .............................................................................. 8(Notes on changes in accounting policies) ............................................................................................ 8(Adoption of accounting treatment specific to the preparation of quarterly consolidated
financial statements) ........................................................................................................................ 8(Notes on segment information, etc.) .................................................................................................... 9(Notes in the case of significant changes in shareholders’ equity) ...................................................... 10(Notes on going concern assumption) ................................................................................................. 10(Notes on quarterly consolidated balance sheets) ................................................................................ 10(Notes on quarterly consolidated statements of cash flows) ............................................................... 10(Notes on significant subsequent events) ............................................................................................ 10
3. Supplementary Information .......................................................................................................................... 13
Status of Production, Orders Received, and Sales (Consolidated) ............................................................... 13

1

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Quarter under Review
During the three months ended June 30, 2024, the Japanese economy has been expected to gradually recoveramid the improving environment for employment and income, partly due to the efforts of various policies.
However, there is a risk that a downturn in overseas economies could put downward pressure on the economy
due to the effects of ongoing high interest rates in Europe and the U.S. and concerns about the outlook of theChinese economy. In addition, we need to pay close attention to the effects of rising prices, the situations in the
Middle East, and volatility in financial and capital markets.
In the business environment, public investment in Japan remained strong. In the Group’s mainstay bridgebusiness segment, orders for new construction-related projects as well as large-scale renovation andmaintenance-related projects for the current fiscal year are expected to be ¥250.0 billion and ¥280.0 billion,
respectively (based on our estimate), about the same volume of orders as in the previous fiscal year. The
volume of orders (in terms of value) for the three months ended June 30, 2024 amounted to ¥47.0 billion in
new construction-related projects and ¥47.0 billion in large-scale renovation and maintenance-related projects(both based on our estimate). Although the timing of orders has been somewhat delayed, the volume of orders
is growing steadily.
In this environment, orders received amounted to ¥7,890 million (down 2.5% year on year), roughly thesame level as the same period of the previous fiscal year. As with the previous fiscal year, we have been aiming
to receive orders for large target projects in the latter half of the current fiscal year, so there is no change in theoutlook for orders received at the present moment.
Although existing projects have progressed as planned, the fruits of sales and profit and loss improvement
plans envisaged for the current fiscal year are expected to come in from the following quarter. Therefore, net
sales were ¥15,692 million (in line with the same period of the previous fiscal year), operating profit was¥1,210 million (down 1.6% year on year), ordinary profit was ¥1,309 million (down 0.5% year on year), andprofit attributable to owners of parent was ¥722 million (up 5.0% year on year).
Results by segment are as follows:(MIYAJI ENGINEERING)
Orders received amounted to ¥7,181 million (up 6.8% year on year).
Net sales were ¥9,802 million (up 5.7% year on year), and operating profit was ¥757 million (up 48.3%
year on year), due to steady progress in existing projects.
(MM BRIDGE)
Orders received amounted to ¥707 million (down 48.3% year on year) due in part to a lack of target
project orders for the fiscal year under review.
Although existing projects progressed largely as planned, the fruits of sales and profit and loss
improvement plans envisaged for the current fiscal year are expected to come in from the following quarter.
Therefore, net sales were ¥5,912 million (down 8.2% year on year), and operating profit was ¥471 million(down 34.6% year on year).
(2) Overview of Financial Position for the Quarter under Review
Total assets decreased by ¥2,022 million from the end of the previous fiscal year to ¥72,124 million. This was
mainly due to decreases of ¥1,457 million in cash and deposits and ¥1,300 million in notes receivable, accounts
receivable from completed construction contracts and other, which were partially offset by increases of ¥333
million in accounts receivable - other included in other under current assets and ¥284 million in land.
Total liabilities decreased by ¥838 million from the end of the previous fiscal year to ¥26,677 million. Thiswas mainly due to decreases of ¥1,471 million in notes payable, accounts payable for construction contracts
and other and ¥1,356 million in income taxes payable, which were partially offset by an increase of ¥2,195
million in advances received on construction contracts in progress.
Total net assets decreased by ¥1,183 million from the end of the previous fiscal year to ¥45,446 million.
2

This was mainly due to decreases of ¥734 million in retained earnings and ¥441 million in non-controllinginterests.

(3) Explanation of Consolidated Earnings Forecasts and Other Forward-looking Information
With regard to the outlook for the Japanese economy, the Japanese government is expected to quickly andsteadily implement its “Comprehensive Economic Measures for Completely Overcoming Deflation” policy
and the supporting FY2023 supplementary budget and the FY2024 budget. Moreover, based on the “Basic
Policy on Economic and Fiscal Management and Reform 2024 - Realizing a Growth Economy that Drives
Wage and Investment Increases,” etc., wages are expected to increase above inflation levels and advances are
expected in the tackling of social issues and the improvement of productivity through coordinated investment
by both the public and private sectors.
Looking at the budget related to public works for the current fiscal year, at the same level as in theprevious fiscal year on an initial budget basis, budgetary measures have been taken for disaster prevention andmitigation, promotion of national land resilience, and other initiatives related to the safety and security of thepeople of Japan. A certain level of orders is expected to continue to be received by executing the related budget.
In the Group’s mainstay bridge business segment, while competition for orders for new bridges continues
to be fierce and orders from the Ministry of Land, Infrastructure, Transport and Tourism have declined morethan expected, orders received for large-scale expressway renovation projects, which require high technical andconstruction capabilities both in terms of quality and quantity, are expected to remain steady. Furthermore,progress is being made in the placement of orders for highly difficult, large-scale projects, creating a businessenvironment in which the Group can be expected to make major advances in the medium term. In railroadrelated projects, many projects are planned in the Tokyo area, including terminal station redevelopment
projects, continuous grade separation projects, large-scale bridge over railway projects, and reconstruction
projects. These projects will enable the Group to demonstrate its safe, secure and advanced technicalcapabilities more so than ever before.
In this business environment, we will further strengthen our management control system as a group tobuild a stronger revenue base. At the same time, we will work as one team with MIYAJI ENGINEERING CO.,LTD. and MM BRIDGE, CO., LTD., which form the core of the Group, to “walk together” and “growtogether” with our stakeholders as a company that is one step ahead of its competitors. To this end, we haveformulated the Medium-Term Business Plan that began in FY2022, and for the previous fiscal year, which was
the second year of the plan, results have exceeded the targets in the plan. Due to factors such as delays in theplacement of orders for difficult, large-scale projects which, at the time of the formulation of the Medium-TermBusiness Plan, were expected to begin in FY2025, we are revising our business plan and targets for the fiscal
year ending March 31, 2027. We will continue to optimize our management by appropriately allocating
management resources to new construction-related, large-scale renovation and maintenance-related, andprivate-sector projects (including railroad-related, buildings with large interior spaces and special buildings,
and coastal structures projects). In addition, we will strive to achieve sustainable growth from a medium- tolong-term perspective by improving productivity through technology development and digital transformation(DX), securing and training human resources, promoting the career advancement of women, and carrying out
work style reforms. Furthermore, as indicated in the “Action to Implement Management that is Conscious of
Cost of Capital and Stock Price (FY2024),” which we announced today, following last year’s disclosure, wewill continue to strive to achieve sustainable growth and increase our corporate value.
Although the consolidated financial result forecasts for the first half and the full year remain unchanged
from the figures announced on May 14, 2024, the Company plans to conduct a two-for-one share split of its
common shares, effective October 1, 2024, and thus has revised the year-end dividends per share forecast
accordingly. For details, please refer to the “Notice on the Share Split, and the Partial Amendment to the
Articles of Incorporation and the Revision of Dividend Forecasts associated with the Share Split” announced
today.
3

2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Costs on construction contracts in progress
Other
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completed construction
Provision for loss on construction contracts
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities for land revaluation
Provisions
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

4

As of June 30, 2024

19,115

17,65730,35029,050364
1,485
51,316371
1,995
49,074

7,563
6,347
13,911
415

7,848
6,290
14,138
419

7,094
1,433
ሺ25)
8,502
22,82974,146

7,092
1,424
ሺ25)
8,491
23,04972,124

10,221

8,749

1,826

469

4,910

7,105

552
3,044
917
1,379
22,851

554
2,919
457
1,721
21,977

300
1,639
107
1,907
709
4,664
27,515

300
1,639
117
1,933
709
4,700
26,677

(Millions of yen)
As of March 31, 2024
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of June 30, 2024

3,000
3,746
25,968(233)
32,481

3,000
3,746
25,234(233)
31,746

3,836
3,240
152
7,230
6,918
46,63074,146

3,832
3,240
149
7,222
6,477
45,446
72,124

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(For the Three Months Ended June 30, 2024)(Millions of yen)

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on sale of scraps
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission for advances received
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the three months ended
June 30, 2023
15,684
13,433
2,251
1,021
1,230

For the three months ended
June 30, 2024
15,692
13,380
2,311
1,100
1,210

0
73
1
23
98

0
97
1
15
114

12
2
14
1,314

1
13
1
16
1,309

48
4
52

-

3
3
1,364
440
924
236
687

19
19
1,289
412
876
154
722

6

(Quarterly Consolidated Statements of Comprehensive Income)(For the Three Months Ended June 30, 2024)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

For the three months ended
June 30, 2023
924

For the three months ended
June 30, 2024
876

406
ሺ0)
406
1,330

(4)
ሺ2)
(7)
869

1,093

714

237

155

7

(3) Notes to Quarterly Consolidated Financial Statements(Notes on changes in accounting policies)(Application of the “Accounting Standard for Current Income Taxes,” etc.)
The Company has applied the “Accounting Standard for Current Income Taxes” (ASBJ Statement No. 27,
October 28, 2022; hereinafter referred to as the “Revised Accounting Standard 2022”), etc. from the beginningof the first quarter of the fiscal year under review.
With regard to the amendment to categories in which current income taxes should be recorded (taxes onother comprehensive income), the Company follows the transitional treatment prescribed in the proviso of
Paragraph 20-3 of the Revised Accounting Standard 2022 and the transitional treatment prescribed in theproviso of Paragraph 65-2 (2) of the “Guidance on Accounting Standard for Tax Effect Accounting” (ASBJ
Guidance No. 28, October 28,2022; hereinafter referred to as the “Revised Implementation Guidance 2022”).
This change in accounting policies has no impact on the quarterly consolidated financial statements.
For the amendment related to the revised accounting treatment for consolidated financial statements when
gain or loss on sale of shares in subsidiaries resulting from transactions between consolidated companies isdeferred for tax purposes, the Company has applied the Revised Implementation Guidance 2022 from the
beginning of the first quarter of the fiscal year ending March 31,2025. This change in accounting policies wasapplied retrospectively, and the quarterly consolidated financial statements for the same period of the previous
fiscal year and the consolidated financial statements for the previous fiscal year have accordingly been restated.
This change in accounting policies has immaterial impact on the quarterly consolidated financial statements forthe same period of the previous fiscal year and the consolidated financial statements for the previous fiscal year.
(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)(Calculation of tax expenses)
Tax expenses have been calculated by reasonably estimating the effective tax rate after applying tax effectaccounting to profit before income taxes for the consolidated fiscal year including the first quarter of the fiscal
year under review, and multiplying profit before income taxes by this effective tax rate.

8

(Notes on segment information, etc.)[Segment information]
I. For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reportable segment

MEC

Net sales
Net sales to outside
customers
Inter-segment net sales ortransfers
Total
Segment profit

Other(Note 1)

MMB

Total

Amountrecorded inquarterly
Adjustment
consolidated(Note 2)statements ofincome(Note 3)

9,270

6,436

1

15,708(23)

15,684

102

-

1,260

1,363

(1,363)

-

9,373
510

6,436
720

1,261
1,191

17,072
2,423(1,387)(1,193)

15,684
1,230(Notes) 1. The “Other” category refers to the Company (a pure holding company), which is not attributable to any
reportable segment.
2. The details of the adjustment are as follows:(1) The adjustment for net sales represents progress rate adjustments for inter-segment transactions
and eliminations of inter-segment transactions.
(2) The adjustment for segment profit represents effects from progress rate adjustments for intersegment transactions of ¥0 million, eliminations of inter-segment transactions of negative ¥1,123
million, and corporate expenses of negative ¥69 million. Corporate expenses are mainly generaland administrative expenses not attributable to any reportable segment.
3. Segment profit is adjusted to operating profit on the quarterly consolidated statements of income.

II. For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Information on net sales and profit (loss) by reporting segment(Millions of yen)
Reportable segment

MEC

Net sales
Net sales to outside
customers
Inter-segment net sales ortransfers
Total
Segment profit

Other(Note 1)

MMB

Total

Amountrecorded inquarterly
Adjustment
consolidated(Note 2)statements ofincome(Note 3)

9,802

5,912

1

15,716(23)

15,692

196

-

2,123

2,320

(2,320)

-

9,999
757

5,912
471

2,124
2,049

18,036
3,278(2,344)(2,067)

15,692
1,210(Notes) 1. The “Other” category refers to the Company (a pure holding company), which is not attributable to any
reportable segment.
2. The details of the adjustment are as follows:(1) The adjustment for net sales represents progress rate adjustments for inter-segment transactions
and eliminations of inter-segment transactions.
(2) The adjustment for segment profit represents effects from progress rate adjustments for intersegment transactions of negative ¥9 million, eliminations of inter-segment transactions of9negative ¥1,982 million, and corporate expenses of negative ¥75 million. Corporate expenses aremainly general and administrative expenses not attributable to any reportable segment.
3. Segment profit is adjusted to operating profit on the quarterly consolidated statements of income.

(Notes in the case of significant changes in shareholders’ equity)
Not applicable.
(Notes on going concern assumption)
Not applicable.
(Notes on quarterly consolidated balance sheets)
1. Guarantee obligations
We guarantee the obligations for loans extended by financial institutions to employees as follows:(Millions of yen)
As of March 31, 2024
Employees (debt obligations for housing financing)

As of June 30, 2024
22

2. Some of our consolidated subsidiaries have concluded commitment line agreements based on the
syndication method with five banks to efficiently procure working capital. The outstanding balances ofthese agreements are as follows:(Millions of yen)
As of March 31, 2024
Total commitment line amount
Outstanding balance
Difference

As of June 30, 2024

7,500
7,500

7,500
7,500

(Notes on quarterly consolidated statements of cash flows)
The quarterly consolidated statements of cash flows were not prepared for the three months ended June 30,2024. Depreciation (including amortization related to intangible assets) for the three months ended June 30,2023 and 2024 was as follows:(Millions of yen)
For the three months ended
For the three months ended
June 30, 2023
June 30, 2024
Depreciation

222

248

(Notes on significant subsequent events)(Acquisition of treasury shares)
At the Board of Directors meeting held on August 7, 2024, the Company resolved to acquire its treasury sharespursuant to the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms
pursuant to the provisions of Article 165, Paragraph 3 of the same Act, as well as the specific method ofacquisition.
1. Reason for acquisition of treasury shares
The Company has decided to acquire its treasury shares to improve capital efficiency and enable theexecution of a flexible capital policy in response to changes in the business environment.

10

2. Details of the resolution by the Board of Directors regarding the acquisition of treasury shares(1) Method of acquisition: Purchase through off-auction own share repurchase trading system (ToSTNeT-3)of the Tokyo Stock Exchange(2) Class of shares to be acquired: Common shares(3) Total number of shares to be acquired: 350,000 shares (maximum) (Percentage of total number of issued
shares (excluding treasury shares): 2.6%)(4) Total amount of share acquisition costs: ¥1,494,500,000 (maximum)(5) Planned date of purchase: August 8, 2024.
(Share split and partial amendment to the Articles of Incorporation associated with the share split)
At the Board of Directors meeting held on August 7, 2024, the Company resolved to conduct a share split andto partially amend the Articles of Incorporation associated with the share split.
1. Share split(1) Objectives of the share split
The share split shall be implemented with the aim of developing an investor-friendly environment by
reducing the transaction amount per investment unit (share unit number), thereby enhancing the liquidityof the Company’s shares while widening the range of investors.
(2) Outline of the share split
1) Method of the share split
One common share of the Company held by shareholders who are registered or recorded in the final
shareholder registry on September 30, 2024 shall be split into two.
2) Increase in the number of shares as a result of the share split
Total number of shares outstanding before the share split
Increase in the number of shares as a result of the share split
Total number of shares outstanding after the share split
Total number of authorized shares after the share split
3) Time schedule of the share split
Date of public notice of the record date
Record date
Effective date

13,838,908 shares
13,838,908 shares
27,677,816 shares
110,711,200 shares

August 30, 2024 (Friday)
September 30, 2024 (Monday)
October 1, 2024 (Tuesday)4) Impact on per share information
Per share information assuming that the share split had been conducted at the beginning of the previous
fiscal year is as follows.
Three months ended June 30, 2023
Three months ended June 30, 2024
Basic earnings per share
25.27 yen
26.53 yen
2. Partial amendment to the Articles of Incorporation associated with the share split(1) Reason for the amendment
In line with the share split, a partial amendment shall be made to the Articles of Incorporation of theCompany effective October 1, 2024, pursuant to the provisions of Article 184, Paragraph 2 of theCompanies Act.

11

(2) Description of the amendment
A description of the amendment is as follows.
Current Articles of Incorporation(Total Number of Authorized Shares)
Article 5. The total number of shares authorized
to be issued by the Company shall be
55,355,600.

(Amended parts are underlined.)
Amended Articles of Incorporation(Total Number of Authorized Shares)
Article 5. The total number of shares authorized
to be issued by the Company shall be
110,711,200.

(3) Time schedule of the amendment to the Articles of Incorporation
Date of resolution at the Board of Directors
August 7, 2024 (Wednesday)
Effective date
October 1, 2024 (Tuesday)123. Supplementary Information
Status of Production, Orders Received, and Sales (Consolidated)
1) Status of production
Segment nameFor the three months ended
June 30, 2023
AmountRatio (%)
(Millions of yen)

For the three months ended
June 30, 2024
AmountRatio (%)
(Millions of yen)

For the fiscal year
ended March 31, 2024
AmountRatio (%)
(Millions of yen)

MEC

9,279

58.6

9,797

62.3

39,726

57.3

MMB

6,588

41.6

5,959

37.9

29,590

42.7

Other

1

0.0

1

0.0

5

0.0

Adjustment
Total

(23)

(0.2)

(23)

(0.2)

(9)

(0.0)

15,845100.0

15,734100.0

69,312100.0

2) Status of orders received(Orders received)
Segment nameFor the three months ended
June 30, 2023
AmountRatio (%)
(Millions of yen)

For the three months ended
June 30, 2024
AmountRatio (%)
(Millions of yen)

For the fiscal year
ended March 31, 2024
AmountRatio (%)
(Millions of yen)

MEC

6,722

83.1

7,181

91.0

45,063

53.3

MMB

1,367

16.9

707

9.0

39,417

46.7

Other

1

0.0

1

0.0

5

0.0

Total

8,090

100.0

7,890

100.0

84,486100.0(Order backlogs)
Segment name

As of June 30, 2023
AmountRatio (%)
(Millions of yen)

As of June 30, 2024
AmountRatio (%)
(Millions of yen)

As of March 31, 2024
AmountRatio (%)
(Millions of yen)

MEC

54,71458.8

59,97555.5

62,59654.1

MMB38,30041.2

47,94344.4

53,148

45.9

Other

-

-

-

-

-

-

Adjustment

49

0.0

58

0.1

35

0.0

93,064100.0

107,977

100.0

115,780

100.0

Total

3) Status of sales
Segment nameFor the three months ended
June 30, 2023
AmountRatio (%)
(Millions of yen)

For the three months ended
June 30, 2024
AmountRatio (%)
(Millions of yen)

For the fiscal year
ended March 31, 2024
AmountRatio (%)
(Millions of yen)

MEC

9,270

59.1

9,802

62.5

39,729

57.3

MMB

6,436

41.0

5,912

37.7

29,639

42.7

Other

1

0.0

1

0.0

5

0.0

Adjustment

(23)

(0.1)

(23)

(0.2)

(9)

(0.0)

15,684100.0

15,692100.0

69,365

100.0

Total

13