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, 2024
(Based on Japanese GAAP)
August 9, 2024
Company name:
SUNCALL CORPORATION
Stock exchange listing: Tokyo
Stock code:
Representative:

5985
URL https://www.suncall.co.jp
Representative Director
Tadashi Nara

Inquiries:

Representative Director and Senior ManagingExecutive Officer,
Masatoshi Kanada

Chief Operating Officer Management
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
Holding of financial results meeting:YesNoTEL

075-881-5280(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(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%
Three months ended June 30, 2024
14,30622.1(383)–(77)–(2,293)–Three months ended June 30, 2023
11,713(8.6)(878)–(563)–(509)–
Note: Comprehensive income

For the three months ended June 30, 2024¥(1,036) million [–%]For the three months ended June 30, 2023
Earnings per share¥573 million [(34.3)%]
Diluted earnings per share

Yen(76.14)(16.94)Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024
Reference: Equity

Net assets

Millions of yen
63,87060,447

Equity ratio

Millions of yen
28,01629,351

As of June 30, 2024

¥28,013 million

As of March 31, 2024

¥29,348 million

%
43.9
48.6

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
10.00

Yen–Yen
10.00

Yen
20.00

––

10.00

10.00

Year ending March 31, 2025 (Forecast)
Note: Revisions to the forecasts of cash dividends most recently announced: None1Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Millions of yen
Six months ending
September 30, 2024
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

27,5009.3(300)–(300)–(400)–(13.28)

59,00014.6

400–400–

100–

3.32

Note: Revisions to the forecast of financial results most recently announced: None
4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(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, 2024

34,057,923 shares As of March 31, 2024

34,057,923 shares

Number of treasury shares at the end of the period
As of June 30, 2024

3,925,978 shares As of March 31, 2024

3,934,678 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

30,125,012 shares Three months ended June 30, 2023

30,067,089 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, 2024

300,650 shares

As of March 31, 2024

309,350 shares)* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or anaudit corporation: None
* 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, 2024

As of June 30, 2024

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

7,422
11,721

7,326
13,054Merchandise and finished goods
Work in process

3,013
4,158

2,896
3,969

Raw materials and supplies
Other

3,644
1,689

3,868
1,742

Total current assets

31,64832,857

5,752
5,811

5,890
5,788

Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Other, net

3,956

4,933

Total property, plant and equipment

15,52016,611316

306

Intangible assets
Investments and other assets
Investment securities

8,998

10,122Other

3,964

3,972

Total investments and other assets

12,962

14,094

28,79831,01260,447

63,8706,866
12,2788,512
12,607

Current portion of long-term borrowings
Income taxes payable

358
150

368
171

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

–450

11281

Other

4,481

6,885

Total current liabilities

24,584

28,839Long-term borrowings
Retirement benefit liability

1,851
1,178

1,865
1,179

Provision for share awards
Other

129
3,351

129
3,839

Total non-current liabilities

6,510

7,014

31,09535,854

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, 2024

As of June 30, 2024

Net assets
Shareholders' equity
Share capital

4,808

4,808

Capital surplus
Retained earnings

2,837
14,775

2,837
12,177

Treasury shares(1,655)(1,650)Total shareholders' equity

20,765

18,172

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

4,181
514,95260

Foreign currency translation adjustment
Remeasurements of defined benefit plans

2,532
1,817

3,048
1,779

Total accumulated other comprehensive income

8,583

9,841

Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

42

2

29,35128,01660,447

63,870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, 2023

June 30, 2024

Net sales
Cost of sales

11,713
11,19914,306
13,337Gross profit

514

969

Selling, general and administrative expenses
Transportation and storage costs

163

160

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

388
11383
11

Provision for bonuses
Retirement benefit expenses

44
22

44
9

Other761

743

1,392

1,352(878)(383)

Total selling, general and administrative expenses
Operating loss
Non-operating income
Dividend income

73

81

Gain on sale of goods
Share of profit of entities accounted for using equity method402154–

Foreign exchange gains
Other

199
32

222
27

Total non-operating income

366

385

Non-operating expenses
Interest expenses

5173

Share of loss of entities accounted for using equity method
Other

–
13
3

Total non-operating expenses

52

79

Ordinary loss(563)(77)

Extraordinary income
Insurance claim income

114

–

00

115

00
40
3

compensation expenses
Settlement payments

114
–

–
2,000

Total extraordinary losses

119

2,003

(567)

(2,081)

Income taxes - current

206

192

Income taxes - deferred

(265)

19

Other
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on abandonment of non-current assets

Loss before income taxes

Total income taxes

(58)

212

Loss

(509)

(2,293)

Loss attributable to owners of parent(509)(2,293)

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

Loss
Other comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
(509)

(2,293)

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

886
(0)

770
–

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

243
(10)

522
(37)

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

(36)

2

Total other comprehensive income
Comprehensive income

1,082

1,257

573

(1,036)573(1,036)––Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6