Translation
Notice: 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.

Summary of Consolidated Financial Results for
the Year Ended March 31, 2024
(Based on Japanese GAAP)May 14, 2024
Company name:

YAMAZEN CORPORATION

Stock exchange
listing:
Stock code:

Tokyo8051

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

Representative:
Inquiries:

President, CEO
Director, Executive Officer,
President of Corporate Administration H.Q.
Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

Koji KISHIDA

Scheduled date to commence dividend payments:

June 7, 2024

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

Yes
Yes

Masamichi YAMAZOE

TEL 06-6534-3003

June 25, 2024
June 26, 2024

(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating resultsPercentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended March 31, 2024
506,866-3.9
9,887 -40.3
10,435 -39.6
6,488 -48.2
Year ended March 31, 2023
527,263
5.1
16,563-3.3
17,2801.1
12,527
4.2
Note:

Comprehensive income For the year ended March 31, 2024: 12,416 million [-13.8%]
For the year ended March 31, 2023: 14,395 million [2.1%]
Earnings
per shareYen73.04
141.00Year ended March 31, 2024
Year ended March 31, 2023
Reference:

Diluted earnings
per shareYen
66.92
129.47

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

%%%

5.1
10.6

3.6
6.0

2.0
3.1

Return on equity

Share of profit (loss) of entities accounted for using equity method
Year ended March 31, 2024: - million
Year ended March 31, 2023: - million(2) Consolidated financial position
Total assets

Net assets

Millions of yen
294,973
288,888

As of March 31, 2024
As of March 31, 2024Millions of yen
132,617
123,757

Equity ratio

Net assets per share%
44.6
42.6

Yen
1,480.16
1,383.65

Reference: Equity
As of March 31, 2024: 131,508 million
As of March 31, 2024: 122,928 million(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalents
at end of period
activities
activities
activities
Millions of yen
Millions of yen
Millions of yen
Millions of yen
11,156-927-4,76588,477
7,765-3,297-5,177
81,12812. Cash dividends
Annual dividends per share
1stquarterend

2ndquarterend

3rdquarterend

Fiscalyear-end

Ratio of
Payout ratio dividends to net(Consolidated)assets(Consolidated)

Total cash
dividends(Total)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Year ended March 31, 2023

-

20.00

-

20.00

40.00

3,560

28.4

3.0

Year ended March 31, 2024

-

20.00

-

30.00

50.00

4,451

68.5

3.5

Year ending March 31, 2025
(Forecast)-20.00

-

31.00

51.00

Note:

59.6

The year-end dividend per share for the year ended March 31, 2024 was changed from 29 yen to 30 yen.

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Net sales

Six months ending
September 30, 2024
Full year

Operating profit

Earnings pershare

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%Yen

255,000

2.5

4,300

-11.7

4,300

-18.9

2,800

-14.5

31.51

530,000

4.6

12,00021.4

12,000

15.0

7,600

17.1

85.54

Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):

None(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:
None
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:

Yes
None
None

(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

95,305,435 shares As of March 31, 2023

95,305,435 shares

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

6,458,153 shares As of March 31, 2023

6,461,972 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Year ended March 31, 2024
88,845,614 shares Year ended March 31, 2023
88,843,523 shares
Note: The company has introduced Board Benefit Trust (BBT). Number of treasury shares at the end of the period include the Company’s shares
held by Board Benefit Trust (BBT) (176,600 shares as of March 31, 2024, 180,000 shares as of March 31, 2023). In addition, number of treasury
shares excluded for calculating the average number of shares during the period include the Company’s shares held by Board Benefit Trust (BBT)(177,831 shares as of March 31, 2024, 180,000 shares as of March 31, 2023).
[Reference] Overview of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results
Net salesYear ended March 31, 2024
Year ended March 31, 2023

Millions of yen
447,842464,013
Earnings
per share

Year ended March 31, 2024
Year ended March 31, 2023

Yen
59.74
106.16(Percentages indicate year-on-year changes.)
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%-3.5
6,632 -40.7
7,691 -37.4
5,307 -43.7
4.5
11,176 -12.1
12,282 -15.2
9,431 -12.2

Diluted earnings
per share
Yen
54.73
97.47

2

(2) Non-consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2024
Reference:

EquityAs of March 31, 2024:
As of March 31, 2023:

Net assets

Millions of yen
245,122245,532

Equity ratio

Millions of yen
99,102
96,208

Net assets per share%
40.4
39.2

Yen
1,115.42
1,082.90

99,102 million
96,208 million* Financial results reports are exempt from audit 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 andcertain assumptions that the Company deems to be reasonable at the time this report was prepared. Therefore, the Company does not makepromises about the achievements. Actual results may differ significantly from the forecasts due to various factors.

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