Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

July 24, 2024

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2025
(Under Japanese GAAP)
Company name:
OBIC Co., Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
4684
URL:
https://www.obic.co.jp/
Representative:
Shoichi Tachibana, President and COO
Inquiries:
Tomonori Anan, Administrator of Business Planning Office and Accounting Div.
Telephone:+81-3-3245-6510
Scheduled date to commence dividend payments:–Preparation of supplementary material on financial results:
None
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, 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(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Millions of yen

Three months ended
June 30, 2024
Three months ended
June 30, 2023
Note: Comprehensive income%Millions of yen%

Millions of yen%

Millions of yen%

28,781

6.2

18,6487.0

23,075

11.0

16,775

14.4

27,09412.4

17,43015.6

20,787

12.5

14,663

11.7

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

Basic earnings
per share¥19,831 million¥33,302 million[(40.4)%][228.5%]

Diluted earnings
per share

Yen

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

Profit attributable toowners of parent

Ordinary profit

Yen

190.69–165.35–(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen

June 30, 2024

464,057

403,567

87.0

4,587.32

March 31, 2024

462,165

398,692

86.3

4,531.90

Reference:

EquityAs of June 30, 2024:
As of March 31, 2024:¥403,567 million¥398,692 million

1%Yen2. Cash dividends
Annual dividends per shareFirst
quarter-end

Secondquarter-end

Yen

Yen

Fiscal year ended March 31, 2024

–130.00

Fiscal year ending March 31, 2025

–160.00(160.00)

Fiscal year ending March 31, 2025
Forecast/after considering the stock split(Forecast/before considering the stock split)

Third
quarter-end

Fiscalyear-end

Yen

Total
Yen

Yen–

170.00300.00

–
(–)

32.00
(160.00)–(320.00)

Notes 1. Revision to the most recently announced forecast of dividends: Yes
2. At the Board of Directors meeting held on July 24, 2024, the Company resolved to conduct a 5-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 amount that takes into account the impact of the share split is shown, and for the
total annual dividends, “–” is shown. Without taking into account the share split, the fiscal year-end dividend for the fiscal
year ending March 31, 2025 (forecast) would be ¥160.00 and the annual dividends would be ¥320.00.

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to March31, 2025)
Net sales
Millions ofyen
Fiscal year ending
March 31, 2025

122,800

Operating profit%

10.0

Millions ofyen

78,000(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings perowners of parent
share

Ordinary profit
Millions ofyen%

10.0

88,000%

8.4

Millions ofyen

63,000%

8.6

Yen

143.22

Notes 1. Revision to the most recently announced earnings forecasts: None
2. For the forecast of basic earnings per share for the fiscal year ending March 31, 2025, the amount that takes into accountthe share split described in the note in “2. Cash dividends” is shown. Without taking into account the share split, theforecast of basic earnings per share for the fiscal year ending March 31, 2025 would be ¥716.12.

2* Notes(1) Significant changes in the scope of consolidation during the period: None
Newly included: –Excluded:–(2) Application of special accounting treatments for the preparation of quarterly consolidated financialstatements: 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

99,600,000 shares

As of March 31, 2024

99,600,000 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

11,625,380 shares

As of March 31, 2024

11,625,336 shares(iii) Average number of shares outstanding during the period
Three months ended June 30, 2024

87,974,659 shares

Three months ended June 30, 2023

88,680,093 shares* Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters
There have been no revisions to the consolidated earnings forecasts for the full year that were announced onApril 23, 2024. The above forecasts were prepared based on information currently available to the Company,
and any statements herein do not constitute assurances regarding actual results by the Company. Moreover,actual business and other results may differ from the forecast due to various factors in the future. Please refer tothe section of “(4) Explanation of consolidated earnings forecasts and other forward-looking statements” of “1.
Qualitative information regarding financial results for the three months ended June 30, 2024” on page 3 of[Attached Material] for details.

3Quarterly consolidated financial statements(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Other
Total intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of June 30, 2024

170,244

167,698

15,316

15,78499
244
11,229(3)
187,13286
286
01,307(3)
185,160

23,761
29,7003,347
56,80923,42629,7003,306
56,433

122
122

115
115

215,787
2,317(3)
218,101
275,032
462,165

220,059
2,291(3)
222,347
278,896
464,057(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Accounts payable - trade
Income taxes payable
Unearned revenue
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
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
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

5

As of June 30, 2024

4,662
12,996
1,338
2,452
7,085
28,534

4,575
6,476
2,399
3,593
6,845
23,8905,995
398
26,5002,043
34,93863,4736,025
398
28,1891,98536,599
60,48919,17819,656
329,547(43,305)
325,077

19,17819,656331,367(43,306)
326,896

74,011(481)
84
73,614
398,692
462,165

77,088(481)
63
76,670403,567
464,057

(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income(Quarterly consolidated statement of income)(Millions of yen)Three months ended
June 30, 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
methodRental income
Gain on sale of investment securities
Other
Total non-operating income
Non-operating expenses
Rental expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6

Three months ended
June 30, 2024

27,094
5,924
21,1703,739
17,43028,781
6,223
22,557
3,909
18,648

0
1,568

0
1,817

918

1,430

434
793
10
3,727

506
997
45
4,798

371
371
20,787371
371
23,075

–
–

321
321

0
21
37
59
20,728
5,801
263
6,064
14,663–
14,663––––23,396
6,362
259
6,621
16,775–
16,775

(Quarterly consolidated statement of comprehensive income)(Millions of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7

Three months ended
June 30, 2024

14,663

16,775

18,383
(14)

3,268
(5)

269

(206)

18,63833,302

3,056
19,83133,302

19,831––

(3) Quarterly consolidated statement of cash flows(Millions of yen)Three months ended
June 30, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale of investment securities
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Loss on retirement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from sale of shares of subsidiaries andassociates
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

8

Three months ended
June 30, 2024

20,728621

23,396593(918)(1,430)

(793)
1,010

(1,319)
1,141

(182)

(216)

(1)
(10)
(1,569)
0
(21)
77
(89)
1,125
19,975
2,560(12,580)9,955(0)21(1,817)–(468)
(27)
(86)
1,114
20,901
3,067(12,543)
11,425(492)(13)(2,724)
2,044

(749)
(9)
(1)
1,734

220

–

68(896)

11985–(12,415)(12,415)(3,356)
156,321
152,965(0)(14,955)(14,956)(2,545)170,244
167,698