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.

July 10, 2024

Consolidated Financial Results
for the Nine Months Ended May 31, 2024
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Watts Co., Ltd.
Tokyo Stock Exchange2735
https://www.watts-jp.com
Fumio Hiraoka, President and CEO
Hidehito Mori,
Executive Managing Director, Head of Corporate Planning OfficeTelephone:+81-6-4792-3280
Scheduled date to file quarterly securities report:
July 10, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended May 31, 2024 (from September 1, 2023 to May
31, 2024)(1) Consolidated operating results (cumulative)
Sales
Nine months ended(Percentages indicate year-on-year changes.)

Operating profit

Net income attributableto owners of parent

Recurring profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

May 31, 2024

45,604

2.6

1,054

184.6

1,069

186.9

760

148.4

May 31, 2023

44,431

2.2

370

-59.1

372

-62.3

306

-40.9

Note: Comprehensive income

For the nine months ended May 31, 2024:
For the nine months ended May 31, 2023:
Net income
per share¥769 million¥306 million[151.4%][-46.5%]

Diluted net income
per share

Nine months endedYenYen

May 31, 2024

57.51

-May 31, 2023

22.55-(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

May 31, 2024

27,183

12,35845.4

August 31, 2023

25,489

11,96446.9

Reference:

EquityAs of May 31, 2024:
As of August 31, 2023:¥12,341 million¥11,952 million

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Yen

Yen-

0.00

-

15.00

15.00

-

0.00

15.00

15.00

Fiscal year ended
August 31, 2023
Fiscal year ending
August 31, 2024

Fiscal year-end

Fiscal year ending
August 31, 2024
(Forecast)

Total

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

3. Forecast of consolidated financial results for the year ending August 31, 2024 (from September 1,2023 to August 31, 2024)(Percentages indicate year-on-year changes.)
Sales

Full year
Note:

Operating profit

Net income attributable Net income
per share
to owners of parent

Recurring profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

60,200

1.5

1,050

68.9

1,000

54.2

620

147.4

46.77

Revisions to the forecast of financial results most recently announced: None* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(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: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2024

13,458,800 shares

As of August 31, 2023

13,898,800 shares(ii) Number of treasury shares at the end of the period
As of May 31, 2024

297,452 shares

As of August 31, 2023

431,092 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended May 31, 2024

13,224,321 shares

Nine months ended May 31, 2023

13,579,034 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements regarding future performance in this material are based on information
currently available to the Company and certain assumptions that the Company deems to be reasonable at thetime this report was prepared. Therefore, the Company does not make promises about the achievements.
Actual results may differ significantly from the forecasts due to various factors.