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 June 30, 2024
(Based on Japanese GAAP)
August 9, 2024
Company name:CE Holdings Co.,Ltd.
Stock exchange listing: Tokyo, Sapporo
Stock code:
Representative:
Inquiries:

4320
URL https://www.ce-hd.co.jp
Representative Director and President &CEO(Chief Exective Officer)
Director & CFO(Chief Financial Officer)

Naokazu Saito
Tsunehito Taguchi

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–Yes

Holding of financial results meeting:

NoTEL

011(861)1600(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended June 30, 2024 (from October 1, 2023 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended June 30, 2024
Nine months ended June 30, 2023

Millions of yen10,918
9,745

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
12.0
707 (20.1)
714 (20.2)(168)–(4.3)
885
23.9
895
23.1
520
43.7

Earnings per share

Diluted earnings per share

Yen(11.17)34.75

Nine months ended June 30, 2024
Nine months ended June 30, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
11,01911,244As of June 30, 2024
As of September 30, 2023Equity ratio

Millions of yen
6,276
6,583%
52.7
54.1

2. Cash dividends
Annual dividends per share

Year ended September 30, 2023
Year ending September 30, 2024
Year ending September 30, 2024(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
0.00
0.00

Yen––

Yen
14.00

Total
Yen
14.00

15.00

15.00

3. Forecast of consolidated financial results for the year ending September 30, 2024 (from October 1, 2023 to September 30, 2024)
Net sales
Full year

Millions of yen
14,400Percentages 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
5.6
1,050 (16.3)
1,050 (16.5)
0–0.001

4. Notes(1) Significant changes in the scope of consolidation during the nine 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 statementsNo
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

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

15,518,400 shares As of September 30, 2023

15,347,600 shares

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

398,163 shares As of September 30, 2023

398,114 shares

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

15,046,595 shares Nine months ended June 30, 2023

214,983,900 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of September 30, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - otherOther
Allowance for doubtful accountsTotal current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
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
Accounts payable - other
Income taxes payable
Provision for bonuses
Contract liabilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowingsRetirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of June 30, 2024

3,138,112
3,379,750
3,575
230,8171,437
2,782
312,179(12,900)
7,055,754

3,629,736
3,181,0353,120
280,555
2,597
2,979
216,047(10,031)
7,306,040

1,891,370

1,703,132

305,119892,394
1,197,514

17,241
963,530
980,772

439,809659,912(360)
1,099,361
4,188,246
11,244,000

445,386
584,642(360)
1,029,668
3,713,573
11,019,613

1,356,065
200,000
557,149
300,975
262,036
316,615
289,309338,470
3,620,622

774,616–
843,569
189,239
93,583
283,425
239,180
361,065
2,784,681

660,712206,355
173,2091,040,277
4,660,899

1,570,642
224,477
163,592
1,958,712
4,743,393

1,218,077
1,243,929
3,798,845(200,373)
6,060,479

1,269,825
1,295,678
3,421,546(200,404)
5,786,645

19,114
19,114–
503,5076,583,101
11,244,000

23,43523,435
3,585
462,554
6,276,220
11,019,613

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Thousands of yen)
Nine months ended
June 30, 2023

Nine months ended
June 30, 2024

Net sales

9,745,959

10,918,095

Cost of sales

7,149,945

8,523,004

Gross profit

2,596,013

2,395,091

Selling, general and administrative expenses

1,710,323

1,687,356

885,690

707,734

Operating profit
Non-operating income
Interest income

234

23

Dividend income
Gain on sale of investment securities

1,990
6,727

1,720
5,782

Foreign exchange gains
Subsidy income

1,649
3,755

1,736
5,026

Other

3,576

4,295

Total non-operating income

17,932

18,584

Interest expenses
Loss on investments in investment partnerships

5,232
1,537

8,760
1,650

Other

1,446

1,234

Non-operating expenses

8,216

11,645

Ordinary profit

Total non-operating expenses

895,406

714,673

Extraordinary income
Reversal of allowance for doubtful accounts

25,277–

Gain on sale of non-current assets
Gain on redemption of investment securities–
120

13,758120

25,397

13,878

1,582

–

–
–

260,622
184,178

Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Amortization of goodwill

1,582

444,800

Profit before income taxes

Total extraordinary losses

919,222283,751

Income taxes - current
Income taxes - deferred

350,719
19,981

322,569
100,071Total income taxes

370,700

422,641

Profit (loss)

548,521(138,889)

Profit (loss) attributable to owners of parent
Profit attributable to non-controlling interests

520,656
27,865(168,006)
29,116

Other comprehensive income
Valuation difference on available-for-sale securities

12,643

4,320

Profit attributable to12,643

4,320

Comprehensive income

Total other comprehensive income

561,165(134,569)

Comprehensive income attributable toComprehensive income attributable to owners of parent

533,299(163,686)

Comprehensive income attributable to non-controlling interests

27,865

29,1164