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.

January 12, 2024

Consolidated Financial Results
for the Three Months Ended November 30, 2023
(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:
January 12, 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 three months ended November 30, 2023 (from September 1, 2023
to November 30, 2023)(1) Consolidated operating results (cumulative)
Sales(Percentages indicate year-on-year changes.)

Operating profit

Net income attributable toowners of parent

Recurring profit

Three months ended

Millions of yen%

Millions of yen%

Millions of yen%

November 30, 2023

14,8130.8

190

203.0

197

November 30, 2022

14,6997.1

62-77.3

67

Note: Comprehensive income

For the Three months ended November 30, 2023:
For the Three months ended November 30, 2022:
Net income
per share

Millions of yen

%

191.6

90

-58.0

-77.8

215

35.9

¥87 million¥221 million[-60.6%][73.9%]

Diluted net income pershare

Three months endedYen

Yen

November 30, 2023

6.79

-November 30, 202215.88-(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

November 30, 2023

26,361

11,71444.4

August 31, 2023

25,489

11,96446.9

Reference:

EquityAs of November 30, 2023:
As of August 31, 2023:¥11,699 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

Total-

Fiscal year ending
August 31, 2024
(Forecast)

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

Operating profit

Net income attributable toowners of parent

Recurring profit

Net income
per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Six months

29,7200.6240

-11.8

190

-29.9

120-58.98.91

Full year

59,100-0.4

500-19.6

400-38.3

270

7.8

20.05

Note:

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 stock)
As of November 30, 2023

13,898,800 shares

As of August 31, 2023

13,898,800 shares(ii) Number of treasury stock at the end of the period
As of November 30, 2023

668,892 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)
Three months ended November 30, 2023

13,337,382 shares

Three months ended November 30, 2022

13,575,309 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.