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 Three months Ended March 31, 2024
(Based on Japanese GAAP)
Company name:May 13, 2024

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 Management
Inquiries:
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

Koji Kondo

TEL 049-299-8199

May 13, 2024－
(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated Results for Year Ended December 31, 2024 (January 1, 2024 to March 31, 2024)(1) Consolidated operating results
Net sales

Three months ended March 31, 2024
Three months ended March 31, 2023

Millions ofyen
11,298
9,063

%
24.7
77.1

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
3,964
51.7
4,324
138.3
3,283
134.1
2,613
253.1
1,814
64.4
1,402
133.0
Diluted earnings per share

Yen

Three months ended March 31, 2024
Three months ended March 31, 2023

Yen

74.95
32.24

73.85
31.64

Total assets
Millions of yen
76,95878,490Net assets
Millions of yen
59,50956,915(2) Consolidated financial position

As of March 31, 2024
As of December 31, 2023
2. Cash dividends

1st quarter-end

Year ended December 31, 2023
Year ended December 31, 2024

Yen%
76.5
71.7

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

Fiscal year-end
Yen

Total

Yen

0.00

－

50.00

50.00

26.00

－

26.00

52.00

－－

Year ending December 31, 2024 (Forecast)

Equity ratio

3. Forecast of consolidated financial results for the year ending December 31, 2024
Net sales
Full year

Millions of yen

37,000Operating profit%

0.5

Millions of yen

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

Ordinary profit%

7,500 △23.1

Millions of yen

7,600%

25.6

Millions of yen

5,400%

16.6

Yen

123.25

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024

No(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:
NoChanges 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 March 31, 2024

44,358,000 shares

As of December 31, 2023

44,358,000 shares

543,054 shares As of December 31, 2023

543,054 shares

Number of treasury shares at the end of the period
As of March 31, 2024

Average number of shares during the period
As of March 31, 2024

43,814,946 shares

As of March 31, 2023

43,510,026 shares

Consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits

33,054,217

33,328,733

Notes and accounts receivable - trade
Work in process

5,486,144
9,199,169

3,709,649
6,848,004

Raw materials and supplies
Other

8,789,521
1,706,906

9,365,446
2,436,000

Allowance for doubtful accounts(603,959)(503,838)

57,631,999

55,183,995

11,406,542

11,873,563

Goodwill
Other

343,120
80,506

305,55875,163

Total intangible assets

423,626

380,722

Investment securities
Investments in capital

350,000
6,161,169

350,000
6,645,828

Deferred tax assets
Other873,076
1,644,441

682,602
1,842,195

Total investments and other assets

9,028,688

9,520,626

20,858,858

21,774,912

78,490,857

76,958,907

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, 2023

As of March 31, 2024

LiabilitiesCurrent liabilities
Notes and accounts payable - trade

1,283,843

2,326,444

400,000
3,108

400,000
2,816

523,362
14,743,418

503,880
9,441,138

361,599345,742

120,229
428,528

Other

1,435,664

1,589,071

Total current liabilities

19,096,739

14,812,109

7,974
2,020,912

7,533
2,173,657

Retirement benefit liability
Asset retirement obligations

230,20962,559236,437
62,758

Other

156,591

156,6872,478,247

2,637,074

21,574,987

17,449,183

Capital stock
Capital surplus

400,000
9,348,189

400,000
9,348,189Retained earnings
Treasury shares

41,421,632(35,798)

42,514,614(35,798)

Total shareholders' equity

51,134,022

52,227,005

5,181,664

6,654,438

5,181,664

6,654,438

Short-term loans payable
Lease obligations
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for product warranties

Non-current liabilities
Lease obligations
Deferred tax liabilities

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4600,182

628,279

56,915,870

59,509,723

78,490,857

76,958,907

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

Three months ended

March 31, 2023

March 31, 2024

Net sales
Cost of sales

9,063,015
4,485,218

11,298,019
5,380,609

Gross profit

4,577,796

5,917,410

Selling, general and administrative expenses

1,964,099

1,952,427

Operating profit

2,613,696

3,964,982

26,96913,757

31,119187－
226

345,545－

58,051－－

70,550Non-operating income
Interest income
Rental income
Foreign exchange gains
Subsidy income
Gain on adjustment of account payable
Share of profit of entities accounted for using equity
method
Other

4,106

14,540103,111

461,943

157

128

9,813

－

13,572869,237－
83,772

8,592
－

1,477
13,094534

3,517

901,909

101,990

1,814,898

4,324,935

Loss on retirement of non-current assets

－

3,821

Total extraordinary losses

－

3,821

Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodForeign exchange losses
Loss on valuation of derivatives
Rental expenses
Donations
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses

Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5

1,814,898

4,321,114

414,104

1,030,391

1,400,794

3,290,723(2,042)

6,992

1,402,837

3,283,730

Consolidated statements of comprehensive income(Thousands of yen)Three months ended
March 31, 2023
ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income

Three months ended
March 31, 2024

1,400,794

3,290,723

520,299

1,304,749

80,926

189,127

601,226

1,493,877

2,002,020

4,784,600

2,003,617(1,596)

4,756,504
28,096Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6