Note: This document has been translated from a part of the Japanese original as submitted to the Tokyo Stock Exchange forreference purposes only. In the event of any discrepancy, the original release in Japanese shall prevail.

May 13, 2024

Consolidated Financial Results
for the Nine Months Ended March 31, 2024
(under Japanese GAAP)
Company name:
SUNNY SIDE UP GROUP Inc.
Listing:
Tokyo Stock Exchange
Securities code:
2180
URL:
https://ssug.co.jp
Representative:
Etsuko Tsugihara, President
Inquiries:
Atsuya Otake, Executive Officer, General Manager of Corporate Management
TEL:+81-3-6894-3233
Scheduled date to file Quarterly Securities Report:
May 14, 2024–
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results presentation meeting:
None(Figures shown are rounded down to the nearest million yen)

1. Consolidated financial results for the first nine months of the fiscal year ending June 30, 2024
(from July 1, 2023 to March 31, 2024)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended
March 31, 2024
March 31, 2023

Operating profitMillions of yen% Millions of yen

13,66314,007(Note) Comprehensive income

(2.5)
15.8

% Millions of yen

1,505
1,120

34.3
34.6

1,535
1,158

% Millions of yen

32.5(13.5)

Yen

64.19
–

(2) Consolidated financial position
Total assets
As ofMarch 31, 2024
June 30, 2023

Net assets

Equity ratio

Millions of yen

Millions of yen

%

8,164
8,595

4,298
3,728

50.7
41.4

(Reference) Equity
As of March 31, 2024
As of June 30, 2023

¥4,141 million¥3,561 million-1-959673¥877 million [7.9%]¥813 million [4.3%]

Diluted earnings per
share

Yen

64.29
45.13

Profit attributable toowners of parent

Ordinary profit

For the nine months ended March 31, 2024
For the nine months ended March 31, 2023

Basic earnings pershare
Nine months ended
March 31, 2024
March 31, 2023

(Percentages show year-on-year changes)%

42.4(15.0)

2. Dividends
Annual dividends
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen

Yen

Yen

Yen

Fiscal year ended
June 30, 2023
Fiscal year ending
June 30, 2024

–0.00

––

5.00

–

Fiscal year ending
June 30, 2024 (Forecast)

TotalYen

15.00

15.00

15.00

20.00

(Note) Revisions to the dividends forecasts most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending June 30, 2024 (from July 1, 2023 toJune 30, 2024)
Net sales

Fiscal year ending
June 30, 2024

(Percentages show year-on-year changes)
BasicProfit attributable toOrdinary profit
earnings perowners of parentshare

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

21,000

10.8

1,560

20.3

1,54015.3930

5.1

62.35

(Note) Revisions to the earnings forecasts most recently announced: None-2-* Notes(1) Changes in significant subsidiaries during the nine months ended March 31, 2024 (changes in specified
subsidiaries resulting in the change in scope of consolidation): None
(2) Application of specific accounting for preparing quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements after error corrections
a. Changes in accounting policies due to revisions to accounting standards and other regulations:Noneb. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement of prior period financial statements after error corrections: None
(4) Number of issued shares (common shares)
a. Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024
As of June 30, 2023

15,197,400 shares
15,191,600 sharesb. Number of treasury shares at the end of the period
As of March 31, 2024
As of June 30, 2023

277,456 shares
277,456 sharesc. Average number of shares outstanding during the period (cumulative from the beginning of thefiscal year)
Nine months ended March 31, 2024
Nine months ended March 31, 2023

14,916,882 shares
14,923,020 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(Caution concerning forward-looking statements)
The forward-looking statements, including earnings forecasts, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable.
Consequently, any statements herein do not constitute assurances regarding actual results by theCompany. Actual business and other results may differ substantially due to various factors.
(Means of access to supplementary material on quarterly financial results)
The supplementary material on quarterly financial results will be available on the Company’s website on
Monday, May 13, 2024.

-3-Quarterly Consolidated Financial Statements(1) Consolidated balance sheet(Thousands of yen)
As of June 30, 2023Assets
Current assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Merchandise and finished goods
Costs on service contracts in progress
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Contract liabilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities-4-

As of March 31, 2024

3,089,935
22,0932,620,516
4,573
551,986
25,083
314,635(6,243)6,622,581

3,398,654
3,254
2,360,833
6,219
309,024
23,841
408,547(6,271)
6,504,103

362,309362,309409,893
409,893

276,121
24,231
300,352

245,057
19,263
264,320

1,355,869(45,713)
1,310,155
1,972,817
8,595,398

1,040,344(54,243)986,100
1,660,314
8,164,417

1,989,016
586,000
181,491
181,173–

1,741,312
236,000
127,842
208,887
111,000

153,255–

212,403797,646
4,100,987

310,975
446,868
3,182,886

411,109
99,107
255,919
766,136
4,867,123

332,637
100,322250,308
683,268
3,866,154

(Thousands of yen)
As of June 30, 2023
Net assetsShareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of March 31, 2024

547,764
696,127
2,247,658(130,456)
3,361,094

550,458
698,8212,908,395(130,456)
4,027,219

222,920164(22,960)
200,124
143,559
23,496
3,728,275
8,595,398

140,530288(26,655)
114,163
129,109
27,771
4,298,263
8,164,417

(2) Consolidated statement of income (cumulative)(Thousands of yen)
Nine months ended
March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Outsourcing service income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expensesDistributions of profit or loss on silent partnerships
Share of loss of entities accounted for using equity
methodForeign exchange losses
Provision of allowance for doubtful accounts
Customs duties for prior periods
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain 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
Loss on sale of investments in capital of subsidiaries
Loss on sale of shares of subsidiaries and associates
Loss on valuation of investments in capital
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent-6-

Nine months ended
March 31, 2024

14,007,300
10,972,099
3,035,201
1,914,781
1,120,420

13,663,973
10,359,213
3,304,759
1,799,646
1,505,113

117
1,549

133
––

1,452

–
15,07259,7068,974
85,421

28,965
14,999–9,971
55,523

6,673
–

3,986
2,919

5,886

–

21,011––
13,31646,8891,158,952

–
7,600
9,535
1,505
25,5481,535,088

1,636
–
–
–
1,636

35
37,88045,828
9,957
93,7000369
29,342
8,647
34,519–72,8781,087,710
420,835
666,875(6,609)673,485

2,915
–
–
–
101,171
55,349159,437
1,469,352
506,028
963,323
4,275
959,048