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.

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
July 31, 2024
Company name:

EIZO Corporation

Stock exchange listing: Tokyo
Stock code:
6737

URL

https://www.eizo.co.jp/

Representative:

President & COO
Director, Executive Operating Officer, andMasaki Ebisu

Inquiries:

Senior Manager, Accounting & Finance, &Investor Relations

Manabu Arise

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

Holding of financial results meeting:

NoTEL

076-275-4121(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)

Three months ended June 30, 2024
Three months ended June 30, 2023
(Note) Comprehensive income

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%
18,197(1.9)
57 (94.6)
1,005 (60.1)
725 (57.9)
18,548
3.9
1,058
20.6
2,518 100.2
1,723
24.6
For the three months ended June 30, 2024: ¥6,811 million[ 22.5 %]For the three months ended June 30, 2023: ¥5,558 million [ 470.0 %]Earnings per share

Diluted earnings per share

Yen
35.28
83.80

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen––(2) Consolidated financial position

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

Total assets

Net assets

Equity ratio

Millions of yen
172,038
164,819¥134,177 million¥129,424 million

Millions of yen
134,177
129,424

Net assets per share
%78.0
78.5

Yen
6,521.09
6,290.09

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
100.00

Yen–

Yen
100.00

Total
Yen
200.00Year ending March 31, 2025 (Forecast)105.00–52.50–(Note) Revisions to the forecast of cash dividends most recently announced: Yes(Note) At the Board of Directors meeting held on July 31, 2024, the Company resolved to conduct a 2-for-1 share split of its common shares with
an effective date of October 1, 2024. For the fiscal year-end dividend per share for the fiscal year ending March 31, 2025 (forecast), the amountthat takes into account the impact of the share split is shown, and for the total annual dividends, “–” is shown. Without taking into account theshare split, the fiscal year-end dividend for the fiscal year ending March 31, 2025 (forecast) would be ¥105.00 and the annual dividends would be¥210.00.

1

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
85,000
5.6
5,500
40.7
7,000
10.6
5,000
(8.3)
121.50(Note) Revisions to the forecasts of consolidated financial results most recently announced: No(Note) For the forecast of basic earnings per share for the fiscal year ending March 31, 2025, the amount that takes into account the share split
described in the note in “2. Cash dividends” is shown. Without taking into account the share split, the basic earnings per share would be ¥243.00.
4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:

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

21,981,160 shares As of March 31, 2024

21,981,160 shares

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

1,405,254 shares As of March 31, 2024

1,405,254 shares

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

20,575,906 shares Three months ended June 30, 2023

20,572,554 shares*Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit
firm: None
*Proper use of earnings forecasts, and other special matters(Notice concerning forward-looking statements)
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. As such, they do not constitute the Company’s guarantee that such results
would be achieved. Actual business and other results may differ substantially due to various factors.
(Explanatory material for financial results)
Explanatory material for financial results is disclosed through TDnet as well as posted on the Company’s website on July 31, 2024.

2Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securitiesRetirement benefit asset
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for product warranties
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for recycling
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

3(Millions of yen)
As of June 30, 2024

16,41817,61019,11016,766

2,112

2,226

16,3182,100
25,116
1,362(113)
82,425

18,536
2,343
22,985
1,817(120)
82,166

22,685895

22,941
1,263

57,93772
803
58,81382,394
164,819

64,69361
912
65,66689,871
172,038

3,600
4,897
1,347
1,689
1,972
5,499
19,006

4,184
5,169
3
792
2,041
6,996
19,188

897

904

71

71

526
2,369
12,523
16,38835,395504
2,308
14,884
18,67237,861As of March 31, 2024
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury sharesTotal shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of June 30, 2024

4,425
4,320
85,956(3,988)90,7144,425
4,320
84,624(3,988)89,381

32,916

37,622

5,138
655
38,709129,424
164,819

6,569
603
44,795
134,177
172,038

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
18,54818,197
Cost of sales
12,21012,347Gross profit
6,338
5,849
Selling, general and administrative expenses
5,279
5,792
Operating profit
1,058
57
Non-operating income
Interest income
37
Dividend income
553
593
Foreign exchange gains
882
365
Other50
79
Total non-operating income
1,490
1,046
Non-operating expenses
Interest expenses
1875
Rental expenses on real estate
1019
Other03
Total non-operating expenses
2998
Ordinary profit
2,518
1,005
Profit before income taxes
2,518
1,005
Income taxes - current
599
71
Income taxes - deferred
195
208
Total income taxes
794
280
Profit1,723
725
Profit attributable to owners of parent
1,723
725

5

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6

Three months ended
June 30, 2023
1,723

(Millions of yen)Three months ended
June 30, 2024
725

2,202
1,676
(44)
3,834
5,558

4,706
1,431
(52)
6,085
6,811

5,558

6,811

––