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.

30-July, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
Company name:TOKAI RIKA CO., LTD
Listing:
Tokyo Stock Exchange and Nagoya Stock Exchange
Securities code:
6995
URL:
http://www.tokai-rika.co.jp
Representative:
Hiroyoshi Ninoyu, President
Inquiries:
Hiroaki Shimizu, General Manager of Finance and Accounting Division
Telephone:+81-587-95-5211
Scheduled date to commence dividend payments:
Yes
Preparation of supplementary material on quarterly financial results:
None
Holding of quarterly financial results briefing:(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)(Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Net sales
Three months ended

Operating profit

Millions of yen%

Profit attributable toowners of parentOrdinary profit

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2024

151,966

2.2

7,123(18.9)

9,134(36.3)

7,578(26.8)

June 30, 2023

148,65219.1

8,783-

14,339247.8

10,345265.4

Note: Comprehensive income

For the Three Months Ended June 30, 2024 : 9,688 million ［-57.8%］
For the Three Months Ended June 30, 2023 : 22,932 million ［157.3%］

Basic earnings
per share

Diluted earnings
per share

Three months ended

Yen

Yen

June 30, 2024

89.59

-

June 30, 2023

113.28-(2) Consolidated financial position
Total assets

Net assets

Equity-to-asset ratio

Millions ofyen

Millions ofyen%

June 30, 2024

528,027

345,797

61.2

March 31, 2024

519,718

339,488

61.2

As ofReference: Equity
As of June 30, 2024

¥323,369 million

As of March 31, 2024

¥317,867 million

12. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end
Yen

Yen
Fiscal year ended
March 31, 2024-

Fiscal year ended
March 31, 2025-

Fiscal year ending
March 31, 2025 (Forecast)Fiscalyear-end

Third quarter-end
YenTotalYen

Yen

36.00

-39.00

75.00

35.00

-35.0070.00

Notes: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecast for the fiscal year ending March 31,2025 (from April 1, 2024 to March 31, 2025)(Percentages indicate the changes of the same period of the previous year.)Net sales

Operating profit

Millions of yen
Full year

580,000% Millions of yen(7.0)

23,000

Profit attributable toowners of parent

Ordinary profit% Millions of yen(20.2)

25,000% Millions of yen(36.9)

20,000Notes: Revisions to the forecast of financial result most recently announced: None* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) 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 due to other reasons: None(iii)Changes in accounting estimates: None(iv)Restatement: None
(3) 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

94,234,171 shares

As of March 31, 2024

94,234,171 shares(ii)Number of treasury shares at the end of the period
As of June 30, 2024

9,636,297 shares

As of March 31, 2024

9,654,293 shares(iii)Average number of shares outstanding during the period
For the Three Months Ended June 30, 2024

84,584,264 shares

For the Three Months Ended June 30, 2023

91,326,985 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
The above forward-looking statements are prepared based on judgment and assumption from information
currently available to theCompany. These statements do not purport that the Company pledges to realize suchstatements. Actual business results may differ from the forecast figures due to various factors such as
uncertainties of the information, future economic conditions, stock prices and exchange rates trends

2

Basic earnings
per shares%

Millions of yen(19.5)

236.46

Consolidated Balance Sheet
TOKAI RIKA Co., Ltd. and Consolidated Subsidiaries
Millions of Yen

As ofMarch 30, 2024

As ofJune 30, 2024

Increase(Decrease)

CURRENT ASSETS:
Cash and deposits
Notes and accounts receivable
Electronically recorded monetary claims-operating
Marketable securities
Finished goods
Work-in-process
Raw materials and supplies
Other current assets
Less: Allowance for doubtful accounts
Total current assets

73,77982,40313,022
4,743
25,93440,744
9,617
13,812(55)
264,00287,572
81,187
11,681
4,394
26,02042,874
9,630
14,700(28)
278,033

13,793(1,216)(1,341)
(349)
86
2,130
13
888
27
14,031NON-CURRENT ASSETS:
Tangible non-current assets
Buildings and structures
Machinery and vehicle
OthersTotal tangible non-current assets

39,741
32,40846,158118,308

42,171
33,69043,617
119,479

2,430
1,282
(2,541)
1,171

Intangible non-current assets
OthersTotal intangible non-current assets

3,687
3,687

3,814
3,814

127
127

Investments and other assets:
Investments securities
Net defined benefit asset
OthersLess: Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
TOTAL

60,28859,58813,922(80)
133,719
255,715
519,718

52,78260,101
13,897(81)
126,700
249,993528,027(7,506)
513
(25)
(1)
(7,019)(5,722)
8,309

ASSETS3

As ofMarch 30, 2024

Millions of Yen
As ofJune 30, 2024

Increase(Decrease)

CURRENT LIABILITIES：
Notes and accounts payable
Electronically recorded obligations-operating
Income taxes payable
Provision for bonuses to employees
Provision for product warranty
Other provisions
OthersTotal current liabilities

51,042
11,0993,342
10,932
14,294
177
40,973
131,862

51,91010,173
3,236
6,057
12,93856
50,430134,804

868
(926)
(106)
(4,875)(1,356)
(121)
9,457
2,942

NONCURRENT LIABILITIES:
Bonds payable
Provision for retirement benefits for directors (and other officers)
Provision for Environment(fixed)
Defined benefit liability
Long-term asset retirement obligations
OthersTotal noncurrent liabilities
Total liabilities

10,000252
990
17,46772
144
48,367
180,229

10,000213
990
17,63072
14247,425
182,229

(39)
0163
(2)
(942)
2,000

22,85625,640220,393(19,964)
248,925

22,85625,641
224,672(19,926)
253,244

1
4,279
38
4,319

14,63325,871
28,437
68,941

10,422
31,921
27,78070,124(4,211)
6,050
(657)
1,183

21,621
339,488519,718

22,428345,797
528,027

807
6,309
8,309

LIABILITIES AND EQUITYSHAREHOLDERS' EQUITY:
Common stock
Capital surplus
Retained earnings
Treasury common stock, at cost
Total shareholders' equity
ACCUMULATED OTHER COMPREHENSIVE INCOME
Net unrealized gain on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
NON-CONTROLLING INTERESTS
Total equity
TOTAL

4

Consolidated Statement of Income
TOKAI RIKA Co., Ltd. and Consolidated Subsidiaries(Consolidated Statement of Income)Millions of Yen
Three months Ended

Three months Ended

Increase

June 30, 2023

June 30, 2024

(Decrease)

NET SALES

148,652

151,966

3,314

COST OF SALES

128,896

132,043

3,147

Gross profit

19,756

19,922166

ADMINISTRATIVE EXPENSES

10,973

12,7991,826

Operating income

8,783

7,123

(1,660)Interest income

276315

39

Dividend income

28231331

Share of profit of entities accounted forusing equity method255

148(107)

SELLING，GENERAL AND

NON-OPERATING INCOME

Foreign exchange gain

4,608

992(3,616)

Other153271

118

5,577

2,041

(3,536)1211(1)

Total non-operating income
NON-OPERATING EXPENSES
Interest expenses
OtherTotal non-operating expenses
Ordinary income
EXTRAORDINARY INCOME
Gain on sales of investment securities
Total extraordinary income

819112030

1014,339

9,134(5,205)-2,2692,269

2,269
2,269EXTRAORDINARY LOSS
Loss on sales and retirement of non-current assets

192-(192)

192-(192)

14,147

11,403(2,744)

INCOME TAXES

3,189

3,442

253

PROFIT

10,957

7,961(2,996)

611

383(228)

10,345

7,578(2,767)

Total extraordinary loss
INCOME BEFORE INCOME TAXESPROFIT ATTRIBUTABLE TONON-CONTROLLING INTERESTSPROFIT ATTRIBUTABLE TOOWNERS OF PARENT

5Consolidated Statement of Comprehensive Income
TOKAI RIKA Co., Ltd. and Consolidated Subsidiaries(Consolidated Statement of Comprehensive Income)Millions of Yen
Three months EndedThree months Ended

Increase

June 30, 2023

June 30, 2024

(Decrease)

10,957

7,961(2,996)

Net unrealized gain on available-for-sale securities

3,901(4,241)(8,142)Foreign currency translation adjustments

8,118

6,459

(1,659)Remeasurements of defined benefit plans

(218)

(657)

(439)

Share of other comprehensive income of entities

173

166

(7)

Total other comprehensive income

11,975

1,727(10,248)COMPREHENSIVE INCOME

22,932

9,688(13,244)

21,726

8,761(12,965)

1,206

927

(279)

PROFIT
OTHER COMPREHENSIVE INCOME

accounted for using equity method(Breakdown)Comprehensive income
attributable to owners of parent
Comprehensive income
attributable to non-controlling interests6