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

Consolidated Financial Results
for the First Quarter Ended June 30,2024[IFRS]
August 13, 2024
Tokyo Stock Exchange Growth,Company name:
PORT INC.
Stock exchange listing:
Fukuoka Stock Exchange Q-Board
Securities code:
7047
URL: https://www.theport.jp/Representative:
Hirofumi Kasuga, President and CEO
Managing Executive Officer andInquiries:
Taku Tsujimoto,General Manager of Finance and IR Department
TEL: +81-3-5937-6466
Dividend payable date (as planned):―
Supplemental material of annual results:
Yes
Convening briefing of annual results:
Yes(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the First Quarter Ended June 30,2024(April 1, 2024 to June 30,2024)(1) Consolidated Operating Results(cumulative)(% indicates changes from the previous corresponding period.)

revenueThree
MillionmonthsyenendedJune30,2024
June30,2023

EBITDA※1%4,758 44.2
3,300

EBITDA
includingfutureearnings※2－

Millionyen%

1,104 105.6
537－

Quarterly
earnings per
share
Three months ended

Yen

Operatingprofit%Millionyen

1,492 136.0

Millionyen632－

Profitbefore tax%

Million
yen%

945

104.
9930

461－

448

Quarterly
Total
profitquarterly
attributable
comprehensiv
to owners ofe income
parentQuarterly
profitMillionyen

Millionyen%

Million
yen%

107.
6

568 82.9571

115.
6573 67.7－

311 8.3

264 14.5

342 19.3%

Quarterly
dilutedearnings per
share
Yen

June 30,202443.30
42.20
June 30,2023
23.50
22.25
※1 EBITDA＝Operating income＋Depreciation＋Loss on disposal of fixed assets and valuation gains/losses + Sharebased compensation expense※2 EBITDA including future earnings＝EBITDA+ expected future income from stock deals closed in the current
period(Notes) Transactions relating to Doors Inc. has been classified as a discontinued operation from the first quarter
ended June 30, 2024. Due to this, the amounts presented for revenue, EBITDA, EBITDA including futureearnings, operating profit and profit before tax are the amounts from continuing operations from which
the amounts from discontinued operation have been excluded. The amounts presented for profit and profit
attributable to owners of parent are aggregates of continuing operations and discontinued operation. As
the businesses have been similarly reclassified in the three months ended June 30, 2023, changes fromthe same period of the previous fiscal year are not presented―1―(2) Consolidated Financial Position
Total assets

As of June 30,2024
As of March 31, 2024

Ratio of equity
Equity attributable
attributable toto owners of parent owners of parent tototal assets

Net assets

Million yen

Million yen

Million yen%

18,384
16,235

7,451
6,752

7,452
6,752

40.5
41.6

2. Dividends
Annual dividends
1st2nd3rd
Year-endquarter-end quarter-end quarter-end

Total

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

March 31, 2024
March 31, 2025
Fiscal year ending
March 31, 2025
(Forecast)

―
―

0.00

－2.00

2.00

0.00

―

2.50

2.50

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025
(April 1, 2024 to March 31, 2025)(% indicates changes from the previous corresponding period.)

revenue

Fullyear

EBITDA
includingfutureearnings

EBITDA

Millionyen%

Millionyen%

21,10035.43,50032.1

Millionyen

Operatingprofit%5,000 35.2

Millionyen

Profitbefore tax%

Millionyen%

2,900 30.8 2,830 31.9

ProfitBasic
attributableearnings
to owners ofper shareparentProfitMillionyen%

1,850 20.9

Millionyen%

Yen

1,850 27.0

141.52(Notes) Transactions relating to Doors Inc. has been classified as a discontinued operation fromthe first quarter ended June 30, 2024. Due to this, the amounts presented for revenue,EBITDA, EBITDA including future earnings, operating profit and profit before tax are theamounts from continuing operations from which the amounts from discontinued operation havebeen excluded. The financial statements for the fiscal year ending March 2024 have been
reclassified in the same way, so the percentage change from the previous fiscal year is
the increase or decrease from the financial statements after reclassification.

―2―

*Notes:(1) Significant changes in the scope of consolidation during the period: Yes
Newly included:1company (Minshu,Inc.)
Excluded:1company (Doors Inc.)(2) Changes in accounting policies, changes in accounting estimates and retrospective
restatement
None1) Changes in accounting policies required by IFRS:
2) Changes in accounting policies other than 1) above:None3) Changes in accounting estimates:

None(3) Total number of issued shares (common shares)
1)Total number of issued shares at the end of the period (including treasury shares):
As of June 30,2024:

13,981,990 shares

As of March 31,2024:

13,816,090 shares

2)Total number of treasury shares at the end of the period:
As of June 30,2024:

744,103 shares

As of March 31,2024:

744,103 shares

3)Average number of shares during the period:
Three months ended June 30,2024:

13,188,663 shares

Three months ended June 30,2023:

11,270,006 shares* Review of the Japanese-language original version of the Condensed Quarterly Consolidated
Financial Statements by certified accountants or audit firms：None* Explanation of the proper use of financial results forecast and other notes
The forecasts above are based on the judgments made in accordance with information currentlyavailable. Forecasts therefore include risks and uncertainties. Actual figures may differ fromthese forecasts due to subsequent changes in circumstances.

―3―

[Quarterly consolidated financial statements](1) [Quarterly consolidated statements of financial position](Millions of yen)Previous consolidated
fiscal year (As of March31, 2024)

Quarterly consolidated
fiscal year under review(As of June 30, 2024)

3,797

5,390

3,133
14

2,172
7

Asset
Current assets
Cash and cash equivalents
Trade and other receivables
Other financial assets
Other current assets

406376

Total current assets

7,353

7,947955

1,045

Right-of-use assets
Goodwill

811
3,995

1,047
4,952

Intangible assets
Other financial assets

1,152
1,543

1,319
1,645

Deferred tax assets
Other non-current assets

84339

88337

Total non-current assets

8,882

10,437

16,235

18,384Non-current assets
Property, plant and equipment

Total assets―4―

(Millions of yen)Previous Consolidated
Fiscal Year (As of March
31, 2024)

Quarterly consolidated
fiscal year under review(As of June 30, 2024)

Trade and other payables
Bonds and borrowings

146
1,462

76
1,626Other financial liabilities
Income taxes payable

1,660
409

1,103
338

Contractual liabilities
Lease liabilities

27222

70
264

Refundable liabilities
Other current liabilities

69452

189
527

Total current liabilities

4,451

4,196

3,858
243

5,281
271

Lease liabilities
Deferred tax liabilities

639
221

845
273

Other financial liabilities

68

65

Liabilities and equity
Liabilities
Current liabilities

Non-current liabilities
Bonds and borrowings
Provisions

Total non-current liabilities

5,031

6,737

9,482

10,933

Share capital
Capital surplus

2,323
1,378

2,399
1,453

Retained earnings
Treasury shares

3,662
△594

4,207
△594

Other components of equity
Total equity attributable to owners ofparent
Non-controlling interests△18△136,752

7,4520△1

Total liabilities
EquityTotal equity
Total liabilities and equity

―5―

6,752

7,451

16,235

18,384

(2) [Quarterly consolidated statements of income and consolidated statements of comprehensive income][Quarterly consolidated statements of income]Previous Quarterly
consolidated fiscal Year
(April 1, 2023)
June 30, 2023)(Millions of yen)
Quarterly consolidated
fiscal year
(April 1, 2024)
June 30, 2024)

3,300

4,758

686

759

2,614

3,999

2,165

3,301

20269

Continuing operations
revenue
Cost of sales
Gross profit
Selling, general and administrative
expenses
Other income
Other expenses

722

Operating profit
Finance income

461
0945
1

Finance costs

1417

Profit before tax

448

930

Income tax expense

184

370

Profit from continuing operations

263

559

Discontinued operations
Profit from discontinued operations

478

311

568

Owner of parent
Non-controlling interests

264
46571
△2Profit

311

568

Continuing operations
Discontinued operations

19.25
4.25

42.63
0.67

Basic earnings per share (yen)

23.50

43.30

18.23

41.54

ProfitProfit attributable toEarnings per share
Basic earnings per share

Diluted earnings per share
Continuing operations
Discontinued operations

4.03

0.65

Diluted earnings per share (yen)

22.25

42.20

―6―

[Quarterly consolidated statement of comprehensive income]

ProfitPrevious Quarterly
consolidated fiscal year
(April 1, 2023)
June, 2023)
311(Millions of yen)
Quarterly consolidated
fiscal year
(April 1, 2024)
June 30, 2024)
568

315

Other comprehensive income
Items that will not be reclassified
to profit or loss
Equity financial assets measured atfair value through othercomprehensive income
Total Other comprehensive income

315342573

Owner of parent
Non-controlling interests

295
46576
△2

Comprehensive income

342573Comprehensive income
Comprehensive income attributable to―7―

(3) [Quarterly consolidated statement of change in equity]
Previous quarterly consolidated fiscal year (April 1, 2023 to June 30, 2023)
Equity attributable to owners of parent
Other components ofequity

Share
capitalCapitalsurplus

Retainedearnings

Total
EquityequityNonfinancial
attributabl Controlling
assets
Total
Treasuryeinterest
shares measured at Components
to owners
fair valueofofthroughOtherparentother
CapitalTotal
equitycomprehensi
ve incomeBalance at
beginning of period
ProfitotherincomeTotal
incomecomprehensive
comprehensive

Issuance of new shares
Issuance of shareacquisition rights
Expiration of stockacquisition rights
Purchase oftreasury shares
Dividends of surplus
Transfer fromaccumulated othercomprehensive income
to retained earnings
Totalownertransactionwith

Balance at end of period

944

941

2,193

△800

△37

△37

3,242

776

4,019--

264---

264

46

311----

31

31

31-

31

--

264

-

31

31

295

46

342

228

224

----

452

-

452

--------------------

-

△0-

-

△0-

△0-

-

--------

-

5--

-

5-

5228

224

5△0-

-

458

-

458

1,172

1,166

2,464

△800

△6

△6

3,996

822

4,819

―8―

Quarterly consolidated fiscal year under review (April 1, 2024 to June 30, 2024)Equity attributable to owners of parent
Other components ofequity

Share
capitalCapitalsurplusRetainedearnings

Total
EquityequityNonfinancial
attributabl Controlling
assetsTotalTreasury
eInterest
shares measured at Components
to owners
fair value
ofofthrough
Otherparent
otherCapital

Totalequitycomprehensi
ve incomeBalance at
beginning of period

2,323

1,378

3,662

△594

△18

△18

6,752

06,752

-

-

571-

--

571

△2568-

--

-

555-

5-

-

571

-

55576

△2573

Issuance of new shares
Issuance of shareacquisition rights
Expiration of stockacquisition rights
Purchase oftreasury shares
Dividends of surplus
Transfer fromaccumulated othercomprehensive income
to retained earnings
Total transaction with
owner

75

74----

150-

150-

0-

---

0-

0-

△0-

--

-

△0-

△0-

----------

△26-

-

-

△26-

△26-

-

0-

--

0-

075

74

△26-

--

124

-

124

Balance at end of period

2,399

1,453

4,207

△594

△13△137,452△17,451

Profitotherincome
Totalincome

comprehensivecomprehensive―9―(4) Quarterly consolidated statement of cash flows
Previous quarterly
consolidated fiscal year
(April 1, 2023)
June 30, 2023)
Cash flows from operating activities

Quarterly consolidated
fiscal year
(April 1, 2024)
June 30, 2024)

Profit before tax
Profit before tax from discontinued operations

448
70930
56

Depreciation and amortization
Finance income and finance costs
Decrease(increase) in trade andreceivables

82
14163
17△65956

Increase(decrease) in trade and other payables△32△593other△85△165

Subtotal

431

1,366

Interest paidIncome taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment△12△287△19△399130946△8△66

Purchase of intangible assets
Proceeds from sale of businesses
Payments for acquisition of shares insubsidiaries resulting in change in scope ofconsolidation
Proceeds from sales of shares of subsidiaries
resulting in change in scope of consolidation
Payments for guarantee deposits and lease△71-△290250-△2,280-

1,374

△50-

otherNet cash provided by (used in) investingactivities
Cash flows from financing activities

49△2△80△1,015

Repayments of short-term borrowings
Proceeds from long-term borrowings

300△472,120

Repayments of long-term borrowings
Repayments of lease liabilities△222△37△473△62△0-△26452

150-

0492

1,661

543

1,592

3,872

3,797

△4-

4,411

5,390

other

Purchase of treasury shares
Dividends paid
Proceeds from issuance of shares by
exercising stock acquisition rights
otherNet cash provided by (used in) financing
activities
Net increase(decrease) in cash and cashequivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents included in assets ofdisposal groups classified as for sale
Cash and cash equivalents at end of period―10―