[Translation]
Note: This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
August 14, 2024
Company Name Kakuyasu Group Co., Ltd.
Listing
Tokyo Stock Exchange
Ticker Code7686
URL
https://www.kakuyasu-group.co.jp/
Representative Yoshiyuki Maegaichi, Representative Director and President
Inquiries
Tsuyoshi Matsuki, Executive Officer Group Finance and Accounting Manager
Telephone+81-3-5959-3088
Scheduled date to commence dividend payments:―
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:No(JPY amounts are rounded down to million, unless otherwise noted.)
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.)
Sales
Three months ended

Operating profit

Profit attributable to ownersof parent

Ordinary profitJPY million％

JPY million％

JPY million％

JPY million％

June 30, 2024

33,0366.2

482(19.7)

456(23.6)

252(24.1)

June 30, 2023

31,118

17.2

601－

598－

332

－

Note: Comprehensive income For the Three months ended June 30, 2024:
For the Three months ended June 30, 2023:

Basic earnings
per shareJPYJPY265
357

million [ (25.8) ％]million [－％]

Diluted earnings
per share

Three months ended

JPY

JPY

June 30, 2024

26.56

25.92

June 30, 2023

35.47

34.51

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

JPY million

JPY million％

June 30, 2024

34,260

4,167

12.2

March 31, 2024

33,953

4,116

12.1

Reference: Equity

As of June 30, 2024

JPY 4,167 million

As of March 31, 2024

JPY 4,116 million

2. Cash dividends
Annual dividends per shareFirst quarter-end
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
Fiscal year ending
March 31, 2025

Second quarter-end

Third quarter-end

JPY

JPY

JPY

Fiscal year-end
JPY

Total
JPY－

25.00

－25.00

50.00

30.00

－10.00－－(Forecast)

Note: Revisions to the most recently announced dividend forecast: None

- 1 -At the Board of Directors meeting held on May 15, 2024, the Company resolved to conduct a 3 for 1 stock
split for each common share, with September 30, 2024 as the record date and October 1, 2024 as theeffective date. Without taking into account the stock split, the year-end dividend per share for the year
ending 31 March 2025 (forecast) will be JPY 30.00 and the total annual dividend will be JPY 60.00.
3. Consolidated financial results for the fiscal year ending March 31, 2025（Forecast）（From April 1,2024 to March31, 2025）（%Percentages indicate year-on-year changes.）
Sales

Six months ending
September 30, 2024
Fiscal year ending
March 31, 2025

Operating profit

Profit attributable toowners of parent

Ordinary profit

Earnings
per share

JPY million％

JPY million％

JPY million％

JPY million％

JPY

67,430

5.9

1,330

17.5

1,310

15.0

810

85.2

84.23

137,400

6.2

3,600

25.6

3,600

25.0

2,200

37.9

228.72

Notes: Revisions to the most recently announced earnings forecast: None
※ Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations：None(ii) Changes in accounting policies due to other reasons：None(iii) Changes in accounting estimates：None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

9,663,200

shares

As of March 31, 2024

9,651,300

shares

As of June 30, 2024

155,037

shares

As of March 31, 2024

170,237

shares(ii) Number of treasury shares at the end of the period(iii) Average number of shares outstanding during the period (cumulative from the beginning of thefiscal year)
Three months ended June 30, 2024

9,492,767

sharesThree months ended June 30, 2023

9,368,502

sharesNote:

The number of treasury stock at the end of the period includes the Company's shares held by the ESOP Trust
Account (170,100 shares as of March 31, 2024 and 154,900 shares as of June 30, 2024).

※ Review of the Japanese-language originals of the attached consolidated quarterly financial statements bycertified public accountants or an audit firm: Yes※ Explanation of Appropriate Use of Earnings Forecasts and Other Special Instructions
The forward-looking statements, including earnings forecasts, contained in this document are based on
information currently available to the Company and certain assumptions that the Company considers reasonable,
and are not intended as a guarantee that they will be achieved. Actual results may differ significantly due tovarious factors.

- 2 -4. Quarterly Consolidated Financial Statements and Major Notes(1) Quarterly consolidated balance sheets（JPY million）
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Accounts receivable - others
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netTools, furniture and fixtures, netLandOthers, net
Total property, plant and equipment
Intangible assets
Goodwill
Software
OthersTotal intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Leasehold and guarantee deposits
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 3 -As of June 30, 2024

3,175
9,818
5,652
1,540
1,325
(89)
21,423

3,391
9,929
5,303
1,780
1,299
(94)
21,610

4,198
325
2,720
11
7,255

4,294
380
2,720
13
7,407

993
640
75
1,710

956
655
120
1,733361787
2,221
314
(120)
3,564
12,53033,953

381
639
2,259
356
(129)
3,509
12,65034,260（JPY million）
As of March 31, 2024
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Asset retirement obligations
OthersTotal current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Asset retirement obligations
OthersTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets- 4 -As of June 30, 2024

16,007
6,382
249
540
37
2,898
26,116

16,649
6,252
53
302
46
3,295
26,599

2,231
80
1,283
125
3,721
29,837

1,984
87
1,310
111
3,493
30,093

64
3,572
561
(230)
3,969

68
3,576
572
(209)
4,006

146

160

146
4,116
33,953160
4,167
34,260(2) Quarterly Consolidated Statements of Income and Comprehensive Income（Quarterly Consolidated Statements of Income）（First quarter consolidated cumulative period）（JPY million）
Three months ended
June 30, 2023
Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Commission income
Insurance claim income
Guarantee commission income
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Loss on store closings
OthersTotal non-operating expenses
Recurring profit (loss)
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Impairment losses
OthersTotal extraordinary losses
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent- 5 -Three months ended
June 30, 2024

31,11824,137
6,980
6,379
601

33,03625,386
7,650
7,167
482

3
1
7
6
18

1
3
5
3
12

12
7
0
21
598

11
23
3
38
456

00－
－

31
0
31
567
73
161
234
332
332

4－
4452
52
147
200
252
252

（Quarterly Consolidated Statements of Comprehensive Income)（First quarter consolidated cumulative period）（JPY million）
Three months ended
June 30, 2023
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income（Comprehensive income attributable to）
Comprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests- 6 -Three months ended
June 30, 2024
332

252

2525357

1313265357

265－－