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 Three Months Ended June 30, 2023
(Based on Japanese GAAP)
August 4, 2023
Company name:
SUNCALL CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

5985
URL https://www.suncall.co.jp
Representative Director
Tadao Otani
Director and Senior Managing ExecutiveOfficer,Inquiries:Chief Operating Officer Management andGeneral Manager of Division,

Masatoshi Kanada

TEL075-881-5280

Corporate Planning & Management Division
Scheduled date to file Quarterly Securities Report:
August 4, 2023
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2023
Three months ended June 30, 2022
Note: Comprehensive income

Millions of yen
11,713
12,821

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
(8.6)
(878)
–(563)–(509)
–
9.3
398
23.2
666
65.0
437
61.9

For the three months ended June 30, 2023

¥573 million [(34.3)%]

For the three months ended June 30, 2022

¥872 million [141.5%]

Earnings per share

Diluted earnings per share

Yen(16.94)
14.58

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen–
14.54

(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
65,711
63,735Equity ratio

Millions of yen
38,34338,038

As of June 30, 2023

¥38,325 million

As of March 31, 2023

¥38,020 million

Net assets per share
%
58.3
59.7

Yen
1,274.36
1,264.63

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
11.00

Yen–

Yen
9.00

Yen
20.00

10.00

–

10.00

20.00

Year ending March 31, 2024 (Forecast)

Note: Revisions to the forecasts of cash dividends most recently announced: None

1Total3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Millions of yen
Six months ending
September 30, 2023
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

24,700(7.9)(1,500)–(900)–(720)–(23.94)–––––––––

Note: Revisions to the forecast of financial results most recently announced: Yes
4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) 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:

No
No

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

34,057,923 shares As of March 31, 2023

34,057,923 shares

Number of treasury shares at the end of the period
As of June 30, 2023

3,983,436 shares As of March 31, 2023

3,993,335 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

30,067,089 shares Three months ended June 30, 2022

30,026,905 shares

Note: The number of treasury shares includes the Company’s shares remained in the trust account related to the performance-linked and sharebased remuneration plan.
(Number of treasury shares

As of June 30, 2023
As of March 31, 2023

332,310 shares
342,210 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, including earnings forecasts, contained in these materials are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize suchstatements. Actual performance and other results may differ materially due to various factors.

2Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

7,707
10,941

8,053
10,108Merchandise and finished goods
Work in process

3,840
2,983

4,624
3,230

Raw materials and supplies
Other

3,990
1,986

4,347
1,336

Total current assets

31,44931,7005,844
10,840

5,843
10,699Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Other, net

6,316

6,867

Total property, plant and equipment

23,001

23,411

344

348

6,761

8,040

2,179

2,210

Intangible assets
Investments and other assets
Investment securities
Other
Total investments and other assets

8,940

10,25132,28634,011

63,73565,711

7,103
7,952

8,015
8,469

Current portion of long-term borrowings
Income taxes payable

526
152

386
161

Provision for bonuses for directors (and other officers)
Provision for bonuses–
433

11
287

Other

5,156

5,483

Total current liabilities

21,324

22,814Long-term borrowings
Retirement benefit liability

2,123
1,132

2,153
1,140

Provision for share awards
Other125
990

147
1,111

Total non-current liabilities

4,372

4,553

25,69627,367

Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings

Non-current liabilities

Total liabilities

3

(Millions of yen)
As of March 31, 2023

As of June 30, 2023

Net assets
Shareholders' equity
Share capital

4,808

4,808

Capital surplus
Retained earnings

2,833
27,1692,83326,386

Treasury shares(1,684)(1,679)Total shareholders' equity

33,12632,348Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

2,761
10

3,648
23

Foreign currency translation adjustment
Remeasurements of defined benefit plans

1,465
656

1,659
645

Total accumulated other comprehensive income

4,894

5,977

Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

417

17

38,03838,34363,73565,711

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

Three months ended

June 30, 2022

June 30, 2023

Net sales
Cost of sales

12,821
11,05911,713
11,199Gross profit

1,762

514

172

163

Remuneration, salaries and allowances
Provision for bonuses for directors (and other officers)

344
13388
11

Provision for bonuses
Retirement benefit expenses

44
2244
22

Other766

761

Selling, general and administrative expenses
Transportation and storage costs

1,364

1,392

Operating profit (loss)

Total selling, general and administrative expenses

398(878)

Non-operating income
Dividend income

7773

Gain on sale of goods
Share of profit of entities accounted for using equity method

42104021

Foreign exchange gains
Other

137
23

199
32

Total non-operating income

291

366

Non-operating expenses
Interest expenses

2251

Other

01

Total non-operating expenses

2352666(563)

Profit on cansellation of leases
Insurance claim income

21––114

Other

20

Total extraordinary income

24115

Loss on sale of non-current assets
Loss on abandonment of non-current assets

0304

compensation expenses
Other–
0114–

Total extraordinary losses

3119

Profit (loss) before income taxes

687

(567)

Income taxes - current

139

206

Income taxes - deferred

110

(265)

Total income taxes

249

(58)

Profit (loss)

437

(509)

Profit (loss) attributable to owners of parent

437

(509)

Ordinary profit (loss)
Extraordinary income

Extraordinary losses

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Three months ended

Three months endedJune 30, 2022

June 30, 2023
437

(509)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

(284)
–886
(0)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

715
(6)

243
(10)

Share of other comprehensive income of entities accounted
for using equity method

10(36)

Total other comprehensive income

434

1,082

872

573

872

573

––

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6