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August 22, 2024
SUNNY SIDE UP GROUP Inc.
Tokyo Stock Exchange
2180
Etsuko Tsugihara, President
Atsuya Otake, Executive Officer, General
Manager of Corporate Management+81-3-6894-3233(Correction) Partial Correction to “Consolidated Financial Results
for the Fiscal Year Ended June 30, 2024 (under Japanese GAAP)”SUNNY SIDE UP GROUP Inc. announced the partial correction to “Consolidated Financial Results for the Fiscal
Year Ended June 30, 2024 (under Japanese GAAP),” disclosed on August 13, 2024, as described below. The figures
before and after correction are underlined.

1.

Reason for the correction
After the announcement of “Consolidated Financial Results for the Fiscal Year Ended June 30, 2024 (underJapanese GAAP), errors were found in part of consolidated statement of income.

2.

Details of the correction

Page 1
1.

Consolidated financial results for the fiscal year ended June 30, 2024 (from July 1, 2023 to June 30, 2024)(Before correction)(1) Consolidated operating results(Percentages show year-on-year changes)

Net sales
Fiscal year ended
June 30, 2024
June 30, 2023

Millions of yen

18,12018,956

Operating profit
%

(4.4)
17.1

Millions of yen

1,465
1,296%

13.0
68.9

Ordinary profit
Millions of yen

1,501
1,335%

12.5
4.0

Profit attributable toowners of parent
Millions of yen

795
884%

(10.1)
52.2(After correction)(1) Consolidated operating results(Percentages show year-on-year changes)

Net sales
Fiscal year ended
June 30, 2024
June 30, 2023

Millions of yen

17,90818,956

Operating profit
%

(5.5)
17.1

Millions of yen

1,465
1,296%

13.0
68.9

Ordinary profit
Millions of yen

1,501
1,335%

12.5
4.0

Profit attributable toowners of parent
Millions of yen

795
884%

(10.1)
52.2

Page 2
3.

Consolidated earnings forecasts for the fiscal year ending June 30, 2025 (from July 1, 2024 to June 30, 2025)(Before correction)(Percentages show year-on-year changes)
Net sales
Millions of yen

Fiscal year
ending June 30,2025

18,500Operating profit%

2.1

Millions of yen

1,650%

12.6

Profit attributableto owners of parent

Ordinary profit
Millions of yen

1,660%

Millions of yen

10.6

960%

20.7

Basicearnings pershare
Yen

64.34

(After correction)(Percentages show year-on-year changes)
Net sales
Millions of yen

Fiscal year
ending June 30,2025

18,500Operating profit%

3.3

Millions of yen

1,650%

12.6

Ordinary profit
Millions of yen

1,660%

10.6

Profit attributableto owners of parent
Millions of yen

960%

20.7

Basicearnings pershare
Yen

64.34

Page 6(2) Consolidated statement of income(Before correction)(Thousands of yen)
Fiscal year ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Foreign exchange gains
Dividend income
Share of profit of entities accounted for using equity
methodOutsourcing service income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodDistributions of profit or loss on silent partnerships
Customs duties for prior periods
Rental expenses on facilities
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on liquidation of investments in capitalGain on sale of shares of subsidiaries
Gain on sale of investment securities
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Bad debts expenses
Loss on valuation of investment securities
Loss on sale of investments in capital of subsidiaries
Loss on valuation of investments in capital
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Fiscal year ended
June 30, 2024

18,956,914
14,804,858
4,152,056
2,855,314
1,296,741

18,120,653
13,884,325
4,236,327
2,770,910
1,465,417

148
–
1,549

168
23,037––

3,891

20,07259,70620,010101,488

23,99912,00011,682
74,779

8,169

5,345

4,833

–

–
18,96519,822–
11,30063,0891,335,139

4,536
15,485
–
6,700
6,746
38,813
1,501,382

3,793
18,206–2,564–
24,563

7,821–
37,88045,828
11,661
103,190

171
744
1,727
104,981
29,342
33,717
8,647
179,332
1,180,371
407,963(110,769)
297,193883,177(1,435)
884,6122,915––
55,349–101,279–
159,545
1,445,028
709,723(73,682)
636,040
808,987
13,819795,167(After correction)(Thousands of yen)
Fiscal year ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Foreign exchange gains
Dividend income
Share of profit of entities accounted for using equity
methodOutsourcing service income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodDistributions of profit or loss on silent partnerships
Customs duties for prior periods
Rental expenses on facilities
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on liquidation of investments in capitalGain on sale of shares of subsidiaries
Gain on sale of investment securities
Gain on reversal of share acquisition rights
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Bad debts expenses
Loss on valuation of investment securities
Loss on sale of investments in capital of subsidiaries
Loss on valuation of investments in capital
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Fiscal year ended
June 30, 2024

18,956,914
14,804,858
4,152,056
2,855,314
1,296,741

17,908,253
13,671,925
4,236,327
2,770,910
1,465,417

148
–
1,549

168
23,037––

3,891

20,07259,70620,010101,488

23,99912,00011,682
74,779

8,169

5,345

4,833

–

–
18,96519,822–
11,30063,0891,335,139

4,536
15,485
–
6,700
6,746
38,813
1,501,3823,793
18,206–2,564–
24,563

7,821–
37,88045,828
11,661
103,190

171
744
1,727
104,981
29,342
33,717
8,647
179,332
1,180,371
407,963(110,769)
297,193883,177(1,435)
884,6122,915––
55,349–101,279–
159,545
1,445,028
709,723(73,682)
636,040
808,987
13,819795,167