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 Six months Ended June 30, 2024
(Based on Japanese GAAP)
Company name:

August 8, 2024

Optorun Co., Ltd.

Stock exchange listing: Tokyo
Stock code:
6235

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

Representative:

Representative Director and President/CEO
Executive Officer
Inquiries:
General Manager Corporate Planning 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

Masahiko Ishino

TEL 049-299-8199

August 8, 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 June 30, 2024)(1) Consolidated operating results
Net sales
Millions ofyen16,677
20,924Six months ended June 30, 2024
Six months ended June 30, 2023%
(20.3)
54.9

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
3,942
(40.8)
4,417
3.6
3,173
(8.6)
6,662
102.3
4,263
(4.6)
3,470
18.9
Diluted earnings per share

Yen

Yen

72.31
79.68

71.27
78.20

Total assets
Millions of yen
81,48278,490Net assets
Millions of yen
61,81056,915Six months ended June 30, 2024
Six months ended June 30, 2023
(2) Consolidated financial position

As of June 30, 2024
As of December 31, 2023
2. Cash dividends

1st quarter-end
Yen

Year ended December 31, 2023
Year ended December 31, 2024－－Year ending December 31, 2024 (Forecast)

2nd quarter-end
Yen

0.00
26.00

Equity ratio
%
75.0
71.7

Annual dividends per share
3rd quarter-end
Yen－

Fiscal year-end
Yen－

Total

Yen

50.00

50.00

26.00

52.00

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

4. NotesOperating profit

Millions of yen%

37,0000.5

Millions of yen

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

Ordinary profit%

Millions of yen%

Millions of yen%

Yen

7,500 △23.1

7,600

25.6

5,400

16.6

123.25

(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:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

44,358,000 shares

As of December 31, 2023

44,358,000 shares

As of December 31, 2023

543,054 shares

Number of treasury shares at the end of the period
As of June 30, 2024

341,711 shares

Average number of shares during the period
As of June 30, 2024

43,887,547 sharesAs of June 30, 2023

43,560,607 shares

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

As of June 30, 2024

AssetsCurrent assets
Cash and deposits

33,054,217

32,192,674

Notes and accounts receivable - trade
Work in process

5,486,144
9,199,169

4,893,999
10,306,112

Raw materials and supplies
Other

8,789,521
1,706,906

8,363,416
2,156,126

Allowance for doubtful accounts(603,959)(540,815)

57,631,999

57,371,513

11,406,542

13,450,062

Goodwill
Other

343,120
80,506

268,81170,229

Total intangible assets

423,626

339,040Investment securities
Investments in capital

350,000
6,161,169

390,572
7,262,767

Deferred tax assets
Other873,076
1,644,441

820,575
1,847,797

Total investments and other assets

9,028,688

10,321,712

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets

Total non-current assets
Total assets

1

20,858,858

24,110,815

78,490,857

81,482,329

(Thousands of yen)
As of December 31, 2023

As of June 30, 2024Liabilities
Current liabilities
Notes and accounts payable - trade

1,283,843

1,847,983

Short-term loans payable
Lease obligations

400,000
3,108

400,000
2,049

Income taxes payable
Contract liabilities

523,362
14,743,418

723,333
10,840,774

361,599345,742

257,270
358,390

Other

1,435,664

2,465,046

Total current liabilities

19,096,739

16,894,848

7,974
2,020,912

5,955
2,384,635

Retirement benefit liability
Asset retirement obligations

230,20962,559229,546－Other156,591

156,855

2,478,247

2,776,993

21,574,987

19,671,841

Capital stock
Capital surplus

400,000
9,348,189

400,000
9,635,910

Retained earnings
Treasury shares

41,421,632(35,798)

42,404,278(22,430)

Total shareholders' equity

51,134,022

52,417,758

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
Valuation difference on available-for-sale securities－(48,678)

Foreign currency translation adjustment5,181,664

8,745,359

Total accumulated other comprehensive income

5,181,664

8,696,681

600,182

696,046

56,915,870

61,810,487

78,490,857

81,482,329

Non-controlling interests
Total net assets
Total liabilities and net assets2

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

Six months ended

June 30, 2023

June 30, 2024

Net sales
Cost of sales

20,924,968
10,393,367

16,677,750
8,592,021

Gross profit

10,531,600

8,085,729Selling, general and administrative expenses

3,869,312

4,143,665

Operating profit

6,662,288

3,942,064

Interest income
Dividend income

59,892－50,036
6,004

Rental income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Subsidy income

19,987384－

127,046

369,457
54,481

578,699
8,930

Gain on adjustment of account payable
Other

62,116
20,725－21,800Total non-operating income

586,661

792,902

2,534

2,504

16,985－

2,954,878

281,574

9,994
－

2,986
13,371Non-operating income

Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodLoss on valuation of derivatives
Rental expenses
Donations
Other
Total non-operating expenses
Ordinary profit
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

3731

17,4042,985,124

317,840

4,263,824

4,417,126

343

3,907

343

3,907

4,263,480

4,413,218

762,185

1,195,498

3,501,295

3,217,720

30,56444,3263,470,730

3,173,393

Consolidated statements of comprehensive income(Thousands of yen)Six months ended
June 30, 2023
ProfitSix months ended
June 30, 2024

3,501,295

Other comprehensive income
Valuation difference on available-for-sale securities

3,217,720－(48,678)

1,612,182

3,162,954

173,998447,285

1,786,181

3,561,561

Comprehensive income

5,287,476

6,779,282

Comprehensive income attributable toComprehensive income attributable to owners of parent

5,252,735

6,688,411

34,74190,871

Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

4

Consolidated statements of cash flows(Thousands of yen)
Fiscal year ended
June 30, 2023

Fiscal year ended
June 30, 2024

Cash flows from operating activities
Profit before income taxes
Depreciation

4,263,480
363,419

4,413,218
372,555

Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts

91,052
88,299102,763(63,143)

Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for(98,126)(129,434)(160,700)－directors
Increase (decrease) in provision for product warranties

140,203

12,648

Increase (decrease) in retirement benefit liability
Loss on retirement of non-current assets

15,193
343

(662)
3,907

Interest and dividend income
Interest expenses(59,892)
2,534(56,041)2,504

Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using(230,381)(456,339)

16,985(127,046)

1,173,818

1,161,682

equity method
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in inventories(174,260)

446,696(3,452,158)(2,292,844)

51,498(4,192,062)

563,402

133,373

Other, net

1,218,217

109,837

Subtotal

1,468,586

1,785,953

59,89256,041(2,534)(1,030,717)(2,504)(486,497)

495,226

1,352,992

Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in Contract liabilities
Decrease (increase) in consumption taxes refund
receivable

Interest and dividends received
Interest expenses paid
Income taxes paidNet cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits－(31,500)

Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment－(540,896)

18,900(1,505,415)

Purchase of intangible assets
Purchase of investment securities(36,615)－(1,137)(110,572)

Loan advances
Payments of leasehold deposits(381,416)－－(40,037)－

51,656(958,927)(1,618,107)

Proceeds from refund of leasehold deposits
Net cash provided by (used in) investing activities

5(Thousands of yen)
Fiscal year ended
June 30, 2023

Fiscal year ended
June 30, 2024

Cash flows from financing activities
Repayments of lease obligations
Proceeds from exercise of share options
Cash dividends paid
Proceeds from sale of shares of subsidiaries not
resulting in change in scope of consolidation
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents(7,292)
11,160(1,058)22,320(2,173,079)(2,189,719)

252,789－(1,916,422)(2,168,457)

878,064

1,559,428

Net increase (decrease) in cash and cash equivalents(1,502,058)(874,142)

Cash and cash equivalents at beginning of period

34,922,724

32,976,337

Cash and cash equivalents at end of period

33,420,665

32,102,194

6