[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, 2023
(Under Japanese GAAP)
August 14, 2023
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+81-3-5959-3082
Scheduled date to file quarterly securities report:
August 14, 2023
－Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Yes
Holding of quarterly 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, 2023（From April 1,2023 to June 30, 2023）（Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Sales
Three months ended

Operating profit

Profit attributable to ownersof parent

Ordinary profit

JPY million％

JPY million％

JPY million％

JPY million％

June 30, 2023

31,118

17.2

601－

598－

332－

June 30, 2022

26,541

42.7

△186－

△186－

△150－

JPY357 million [－％]

Note: Comprehensive income For the three months ended June 30, 2023:
For the three months ended June 30, 2022:
Basic earnings
per share

JPY △125 million [－％]

Diluted earnings
per share

Three months endedJPYJPYJune 30, 2023

35.47

34.51

June 30, 2022

△16.14－Note: Diluted net income per share for the first quarter of the fiscal year ending March 31, 2023 is not stated as it is a quarterly net loss
per share, although there are diluted shares.

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

JPY million

JPY million％

June 30, 2023

33,7273,010

8.9

March 31, 2023

33,0862,815

8.5

Reference: Equity

As of June 30, 2023:

JPY 3,010 million

As of March 31, 2023: JPY 2,815 million- 1 -2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

JPY

JPY

JPY

JPYJPY－

10.00

－

20.00

30.00

25.00

－

25.00

50.00

Fiscal year ended
March 31, 2023
Fiscal year ending
March 31, 2024－

Fiscal year ending
March 31, 2024
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: Yes
Regarding dividends for the fiscal year ending March 2024, please refer to the "Notice regarding revisions to consolidated business
forecasts and dividend forecasts for the fiscal year ending March 2024" announced today.

（From April 1,2023 to March
3. Consolidated financial results for the fiscal year ending March 31, 2024（Forecast）
31, 2024）（Percentages indicate year-on-year changes.）
Sales

Fiscal year ending
September 30, 2023
Fiscal year ending
March 31, 2024

Operating profit

Profit attributable toowners of parent

Ordinary profit

JPY million％

JPY million％ JPY million

63,30017.7

1,190－

1,180－

130,600

13.6

3,000

273.4

2,900

262.3％

JPY million

Earnings
per share％

JPY690－

73.65

1,700

178.8

181.46

Note: Revisions to the forecast of financial results most recently announced: Yes
Regarding the consolidated performance forecast, please refer to the "Notice regarding revision of consolidated performance forecast
for the fiscal year ending March 2024 and dividend forecast" announced today.

※ Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): No(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial
statements：No(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：No(ii) Changes in accounting policies due to other reasons：No(iii) Changes in accounting estimates：No(iv) Restatement: No(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, 2023

9,597,000

shares

As of March 31, 2023

9,587,100

shares

As of June 30, 2023

210,210

shares

As of March 31, 2023

227,544

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 the fiscalyear)
Three months ended June 30, 2023

9,368,502

sharesThree months ended June 30, 2022

9,318,441

shares- 2 -Note: The number of treasury shares at the end of the fiscal year includes the Company's shares held by the employee
stock ownership ESOP trust account (227,500 shares for the fiscal year ending March 2023, 210,100 shares forthe first quarter of the fiscal year ending March 2024).

※ Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants oran audit corporation.
※ Proper use of earnings forecasts, and other special matters
Statements regarding the future, such as business performance forecasts, contained in this material are basedon information currently available to the Company and certain assumptions that the Company deems to bereasonable, and are based on the Company's commitment to achieving them. It's not a thing. In addition, actual
results may differ significantly due to various factors.

- 3 -4. Quarterly consolidated financial statements and main notes(1) Quarterly Consolidated Balance Sheets（JPY million）
As of March 31, 2023
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, net
Land
Others, net
Total property, plant and equipment
Intangible assets
Goodwill
SoftwareLeased assets
OthersTotal intangible assets
Investments and other assets
Investment securitiesDeferred tax assets
Leasehold and guarantee deposits
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 4 -As of June 30, 2023

2,727
8,884
5,191
1,356
1,384
△81
19,462

3,210
8,894
5,086
1,727
1,468
△80
20,305

3,841
257
3,411
0
7,511

3,835
285
3,411
0
7,533

1,165
589
2
18
1,777

1,125
581
1
10
1,719

324
1,656
2,156
307
△108
4,335
13,62333,086

363
1,494
2,093
318
△101
4,169
13,42233,727

（JPY million）
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Asset retirement obligations
OthersTotal current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Asset retirement obligations
OthersTotal 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-salesecurities
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets- 5 -As of June 30, 2023

15,609
7,205
2
121
414
20
2,436
25,81015,864
7,438
1
73
635
13
2,473
26,499

3,261
0
68
104
893
131
4,460
30,271

3,009
－
8197
911
117
4,217
30,717

47
3,555
△601
△307
2,692

49
3,557
△461
△284
2,862

122

148

122

148

2,815
33,0863,010
33,727

(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, 2022
Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Subsidy income
Guarantee commission income
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Loss on store closings
OthersTotal non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Impairment lossesOthers
Total 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- 6 -Three months ended
June 30, 2023

26,54121,016
5,525
5,711
△186

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

4－
1115－
71018

1410
16
△186

12
70
21
598－－

00－－－
△186
21
△57
△36
△150
△150

310
31567
73
161
234
332
332

（Quarterly Consolidated Statements of Comprehensive Income）（First quarter consolidated cumulative period）（JPY million）
Three months ended
June 30, 2022
Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Total other comprehensive income
Comprehensive income（Comprehensive income attributable to）
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 7 -Three months ended
June 30, 2023

△150332252525△12525357△125357－－