Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the eventof any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Resultsfor Nine months Ended September 30, 2023
(Based on Japanese GAAP)
Company name:November 13, 2023

Optorun Co., Ltd.

Stock exchange listing: Tokyo
Stock code:
6235

URL https://www.optorun.co.jp/

Representative:

Representative Director and President/CEODirector and Executive Officer
General Manager of Corporate ManagementInquiries:
Dept.
Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

Bin Fan

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

Mitsuo Yamada

TEL 049-299-8199

November 13, 2023－(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated Results for Year Ended December 31, 2023 (January 1, 2023 to September 30, 2023)(1) Consolidated operating results
Net sales

Nine months ended September 30, 2023
Nine months ended September 30, 2022

Millions ofyen
28,933
24,794%
16.7
12.7

Earnings per share

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent
Millions ofMillions ofMillions of%
%%
yen
yen
yen
8,567
37.2
5,334(31.1)
4,098(30.0)
6,243
29.5
7,747
43.8
5,859
29.5
Diluted earnings per share

Yen

Nine months ended September 30, 2023
Nine months ended September 30, 2022

Yen

94.02
135.3292.29
132.39Total assets
Millions of yen
83,68082,916

Net assets
Millions of yen
57,59752,158(2) Consolidated financial position

As of September 30, 2023
As of December 31, 2022
2. Cash dividends

1st quarter-end

Year ended December 31, 2022
Year ended December 31, 2023

Equity ratio
%
68.0
62.9

Yen

Annual dividends per share
2nd quarter-end
3rd quarter-end
Yen
Yen－－－－

0.00
0.00

Year ending December 31, 2023 (Forecast)Fiscal year-end
Yen

Total

Yen

50.00

50.00

50.00

50.00

3. Forecast of consolidated financial results for the year ending December 31, 2023Net sales
Full year

Millions of yen

35,500Operating profit%

3.5

Millions of yen

8,600

Percentages indicate year-on-year changes
Profit attributable toEarnings per shareowners of parent

Ordinary profit%

15.5

Millions of yen

8,600%(1.9)

Millions of yen

6,200%(10.0)

Yen

142.58

4. Notes(1) Changes in significant subsidiaries during the year ended September 30, 2023

Yes(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

44,358,000 shares

As of December 31, 2022

44,358,000 shares

688,235 shares As of December 31, 2022

873,174 shares

Number of treasury shares at the end of the period
As of September 30, 2023

Average number of shares during the period
As of September 30, 2023

43,594,151 shares

As of September 30, 2022

43,299,183 shares

Consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2022

As of September 30, 2023

AssetsCurrent assets
Cash and deposits

34,922,724

33,937,399

Notes and accounts receivable - trade
Work in process

7,973,007
9,969,933

6,859,301
10,840,612

Raw materials and supplies
Other

10,459,880
2,625,341

9,121,030
2,040,658(549,643)(637,289)

65,401,243

62,161,713

8,835,485

11,294,890Goodwill
Other

485,482
55,086394,333
260,787

Total intangible assets

540,569

655,121

Investment securities
Investments in capital

350,000
5,690,765

350,000
6,299,196

Deferred tax assets
Other817,515
1,280,655

1,211,326
1,708,148

Total investments and other assets

8,138,936

9,568,670

17,514,991

21,518,682

82,916,234

83,680,396

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets3

(Thousands of yen)
As of December 31, 2022

As of September 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

4,785,161

1,023,255

400,000
13,713400,000
4,151

1,000,039
19,059,974

622,697
16,381,307

Provision for bonuses
Provision for bonuses for directors

432,618
160,700

510,464－

Provision for product warranties
Other

234,216
2,313,959

346,083
3,762,855

Total current liabilities

28,400,382

23,050,815

5,180

7,334

Deferred tax liabilities
Retirement benefit liability

1,929,179
204,7222,585,679
224,160

Asset retirement obligations
Other

61,761
156,359

62,360152,895

Total non-current liabilities

2,357,204

3,032,430

30,757,586

26,083,246

Shareholders' equity
Capital stock

400,000

400,000

Capital surplus
Retained earnings

9,646,360
38,964,201

9,726,976
40,888,608(57,646)(45,376)

48,952,915

50,970,208

Foreign currency translation adjustment

3,187,970

5,920,800

Total accumulated other comprehensive income

3,187,970

5,920,800

17,761

706,141

52,158,647

57,597,149

82,916,234

83,680,396

Short-term loans payable
Lease obligations
Income taxes payable
Contract liabilities

Non-current liabilities
Lease obligations

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Thousands of yen)
Nine months ended

Nine months ended

September 30, 2022

September 30, 2023

Net sales
Cost of sales

24,794,480
13,848,786

28,933,469
14,084,889

Gross profit

10,945,694

14,848,580

Selling, general and administrative expenses

4,702,384

6,281,462

Operating profit

6,243,310

8,567,117

Interest income
Dividend income

78,466
3,632

86,7373,255

Rental income
Share of profit of entities accounted for using equity

18,264

23,27780,565－Non-operating income

methodForeign exchange gains

1,267,927－

Subsidy income
Gain on adjustment of account payable

53,570－59,051
62,796

Other

6,645

19,982

1,509,074

255,101

Interest expenses
Share of loss of entities accounted for using equity
methodForeign exchange losses

2,859

2,699

－

18,166－

631,310

Loss on valuation of derivatives

－
2,411

2,819,815
11,422

17

3,923

5,288

3,487,336

7,747,096

5,334,882

Gain on sale of non-current assets
Gain on investments in capital

77
657,811－－

Total extraordinary income

657,888

－

1,652

343

Total non-operating income
Non-operating expenses

Rental expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets
Loss on closedown

44,288－

Total extraordinary losses

45,941

343

Profit before income taxes

8,359,043

5,334,538

Income taxes

2,475,906

1,161,127

Profit

5,883,136

4,173,411

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5

23,80874,7625,859,328

4,098,648

Consolidated statements of comprehensive income(Thousands of yen)
Nine months ended
September 30, 2022

Nine months ended
September 30, 2023

Profit

5,883,136

4,173,411

Other comprehensive income
Foreign currency translation adjustment

3,006,661

2,469,661

414,650

279,536

Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income

3,421,312

2,749,197

9,304,448

6,922,609

9,278,208
26,2406,831,478
91,130Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6