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 Nine Months Ended September 30, 2023
(Based on Japanese GAAP)
November 2, 2023
Company name:
EBARA JITSUGYO CO.,LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

6328
URL https://www.ejk.co.jp/President and COO

Inquiries:

Managing Executive Officer, Head ofPlanning & Strategy Office

Toshinori Yoshida
Shuji Ohno

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yes
No03-5565-2885(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended September 30, 2023 (from January 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Percentages 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%
Nine months ended September 30, 2023
27,141
21.2
2,980
36.0
3,074
32.4
2,129
23.6
Nine months ended September 30, 2022
22,398(8.0)
2,190 (35.4)
2,321 (33.2)
1,722 (35.0)
Earnings per share

Diluted earnings per share

Yen
178.33140.63Nine months ended September 30, 2023
Nine months ended September 30, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
38,43833,528

As of September 30, 2023
As of December 31, 2022

Equity ratio

Millions of yen
19,405
18,396

%
50.5
54.9

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended December 31, 2022

Yen–

Yen
42.50

Yen–

Yen
42.50

Yen
85.00

Year ending December 31, 2023

–

42.50

–
42.50

85.00

Year ending December 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2023 (from January 1, 2023 to December 31, 2023)
Net sales
Full year

Millions of yen
35,000Percentages 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
15.8
3,500
27.0
3,650
24.6
2,600
19.9
212.33

14. Notes(1) Changes in significant subsidiaries during the nine months ended September 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:

Yes
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 September 30, 2023

12,930,000 shares As of December 31, 2022

12,930,000 shares

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

1,004,202 shares As of December 31, 2022

788,816 shares

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

11,941,267 shares Nine months ended September 30, 2022

2

12,250,310 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of December 31, 2022

As of September 30, 2023

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

11,296
10,631

14,328
11,379Merchandise and finished goods
Work in process

1,159
331

1,187
334

Costs on construction contracts in progress
Raw materials and supplies

173
481

143
596

Other
Allowance for doubtful accounts

359
(1)

534
(1)

24,43228,502

3,704(2,020)3,739(2,101)

Buildings and structures, net

1,684

1,637

Machinery, equipment and vehicles
Accumulated depreciation

206
(160)

212(171)

46

41

691
(599)

761
(630)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net

91

130

1,356
2

1,356
–

7(1)

12(2)

6

9

3,187

3,176

86

102

Investment securities
Insurance funds

4,494
410

5,272
415

Investment property, net
Deferred tax assets

636
117

640
108

Other
Allowance for doubtful accounts

268
(105)

324
(104)

Total investments and other assets

5,822

6,656

9,096

9,935

33,52838,438Land
Construction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets

Total non-current assets
Total assets3

(Millions of yen)
As of December 31, 2022

As of September 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade

9,809

11,077

1,010
80

1,010
80

329
21

612
291

1,661
–

3,083
361

22
714

15
929

Total current liabilities

13,647

17,462

Non-current liabilities
Long-term borrowings

91

47

868

963

158

158

241

262

122138

Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Accrued consumption taxes
Contract liabilities
Provision for bonuses
Provision for loss on construction contracts
Other

Deferred tax liabilities
Provision for retirement benefits for directors (and otherofficers)
Retirement benefit liability
Other
Total non-current liabilities

1,483

1,570

15,131

19,033

Share capital
Capital surplus

1,001
831

1,001
844

Retained earnings
Treasury shares

15,700(1,378)16,804(1,966)

Total shareholders' equity

16,154

16,6842,228

2,699Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

414

21

2,242

2,721

18,396

19,40533,52838,438

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

Nine months ended

September 30, 2022

September 30, 2023

Net sales
Cost of sales

22,39815,32627,141
18,889Gross profit

7,071

8,252

Selling, general and administrative expenses

4,880

5,272

Operating profit

2,190

2,980

Interest income
Dividend income

080

084

Rental income from investment property
Other

75
2372
18

Total non-operating income

179

175

Non-operating income

Non-operating expenses
Interest expenses

33

Rental expenses on real estateCommission expenses

29239
24

Foreign exchange losses
Other112

120

Total non-operating expenses

4980

2,321

3,074

Gain on sale of investment securities

140–

Total extraordinary income

140–

1090–

Other0–Total extraordinary losses

210

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on disposal of non-current assets
Loss on investments in silent partnerships

Profit before income taxes

2,440

3,074

Income taxes - current

840

1,052

Income taxes - deferred

(122)

(107)

Total income taxes

718

945

Profit

1,722

2,129

Profit attributable to owners of parent

1,722

2,129

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

September 30, 2022

September 30, 2023

1,722

2,129

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax(1,840)7471
7

Total other comprehensive income(1,833)

478

(110)

2,608

(110)

2,608

–

–

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6