Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
January 17, 2024
Company name:NIPPON CONCRETE INDUSTRIES CO., LTD.
Stock exchange listing: Tokyo
Code number:
5269
URL:
https://www.ncic.co.jp/
Representative:
TSUKAMOTO Hiroshi,
Contact:
SUGITA Yoshihiko,
Phone:
Scheduled date of filing quarterly securities report:
Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results:
Schedule of quarterly financial results briefing session:

Representative Director and President
Director and Executive Officer+81-3-3452-1025
January 17, 2024
Yes
Yes

(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended
September 30, 2023
26,433
7.4
1,273
1,529
320.4
808
24,60816.5
40(83.3)
363(31.8)
49(92.3)
September 30, 2022
(Note) Comprehensive income:Six months ended September 30, 2023:¥
2,433 million [533.0%]
Six months ended September 30, 2022:¥
384 million [196.6%]
Basic earnings
per share
Six months ended
September 30, 2023
September 30, 2022

Diluted earnings per
share
Yen

Yen

14.89
0.91

-

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2023
80,378March 31, 2023
77,063(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥

40,08037,65837,254 million
34,949 million

%

46.3
45.4

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

0.00

-

0.00

0.00

Fiscal year ending March 31, 2024

-

6.50
-

6.50

13.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending March 31, 2024 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

55,0003.8
1,900
Full year(Note) Revision to the financial results forecast announced most recently:

2,300
No

* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:% Millions of yen

%

Yen

-

-

22.10

1,200

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
57,777,432 shares
March 31, 2023:
57,777,432 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
3,480,121 shares
March 31, 2023:
3,483,945 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

54,294,932 shares
54,495,194 shares* Quarterly financial results are not required to be subjected to quarterly reviews.
* Explanation for appropriate use of financial forecasts and other special notes.
The forecasts given in this document are based on the current available information in the company and certain reasonableassumptions to the company. Actual results may differ from these forecasts by a variety of reasons.

Table of contents

1. Qualitative Information on Quarterly Financial Results for the Period under Review ····························· 2(1) Explanation of Business Results ························································································ 2(2) Explanation of Financial Position ······················································································ 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information ·········· 4
2. Quarterly Consolidated Financial Statements and Primary Notes ···················································· 5(1) Quarterly Consolidated Balance Sheets ··············································································· 5(2) Quarterly Consolidated Statements of Income and Comprehensive Income ····································· 7(3) Quarterly Consolidated Statements of Cash Flows ·································································· 9(4) Notes to Quarterly Consolidated Financial Statements······························································ 11(Notes on Going Concern Assumption) ················································································ 11(Notes in the Case of Significant Changes in the Amount of Shareholders’ Equity) ···························· 11(Changes in Accounting Policies) ····················································································· 12(Additional Information) ································································································· 12(Segment Information, etc.) ····························································································· 13(Matters Related to Revenue Recognition) ············································································ 14(Significant Events after Reporting Period) ··········································································· 14
3. Other ··························································································································· 14
Significant Events Relating to Going Concern Assumption, etc. ····················································· 14

11. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Business Results
In the six months ended September 30, 2023, although the economic environment saw progress in thenormalization of economic activity, and the economy showed signs of gradual recovery, the outlook remained
uncertain due to an increase in raw material and logistics expenses caused by an unstable international
environment and depreciation of the yen, etc.
Regarding the business environment in which the Group operates, while attention was drawn to the Group’s
products, construction, and supply systems, which enable rapid recovery from disasters, expectations also
remained high for precast concrete products and construction technology that contribute to disaster prevention
and mitigation, maintenance of social infrastructure, the shortening of construction periods and labor saving, as
well as for the Company-developed technology for carbon capture and CCUS (carbon dioxide capture, utilizationand storage) products, and low-carbon type concrete products.
In these circumstances, due to the recording of losses and non-payment of dividends in the previous fiscal year,
the Group formulated a business improvement plan (announced on May 19, 2023) to realize a quick recovery inbusiness performance and resume dividends. The Group has been steadily implementing various initiatives suchas the penetration of fair prices, sales expansion, and cost reductions as outlined in this plan and achieved certain
results.
As a result, the Group’s net sales for the period under review were 26,433 million yen (up 7.4% year-on-year),
operating profit was 1,273 million yen (up 3,034.6% year-on-year), ordinary profit was 1,529 million yen (up320.4% year-on-year), and profit attributable to owners of parent was 808 million yen (up 1,532.9% year-onyear).
Regarding the damage from ransomware infection which occurred on May 5, 2023, direct impact of the damage
on our production and sales was minimal as we made efforts to maintain and recover business activities. However,
we sincerely apologize to our shareholders and investors for the concern and inconvenience caused by a delay inthe announcement of the financial results for the six months ended September 30.
We are currently working to eliminate delays, but we expect to apply for an extension of approximately one
month to the deadline for the announcement of the financial results for the nine months ended December 31,
2023. We are aiming to announce the financial results for the fiscal year ending March 31, 2024 in time for thedeadline.
An overview of each business for the period under review is as follows.
1) Foundation Business
The demand for concrete piles across Japan during the six months ended September 30, 2023 decreased froma year earlier, and the Group’s shipment volume was lower than estimated. Nevertheless, as a result of theCompany’s efforts for the penetration of fair prices, net sales were 12,933 million yen (up 1.5% year-on-year).
Segment income was 550 million yen (up 174.9% year-on-year) as the Company also worked to increase
construction profitability despite plant utilization rates that were slightly lower than the Company’s estimation.

22) Concrete Secondary Product BusinessIn the Pole-related Business, which is part of the Concrete Secondary Product Business, concrete pole
shipments throughout Japan remained roughly at the same level from a year earlier. In this environment, theGroup’s shipment volume increased slightly and negotiations were conducted with large-volume customers toreview selling prices. As a result, net sales amounted to 7,628 million yen (up 18.1% year-on-year).
In the Civil Engineering Product Business, production of RC segments intended for the Linear Chuo
Shinkansen remained brisk. In addition, shipments and construction of precast products such as precast concrete
walls and “Oyagui-panel” soldier pile panel progressed more smoothly than expected. As a result, net sales were
5,720 million yen (up 8.9% year-on-year).
As a result, net sales in the Concrete Secondary Product Business amounted to 13,349 million yen (up 14.0%
year-on-year).
Segment income was 1,360 million yen (up 158.7% year-on-year) due to successful penetration of fair prices
in the same way as the Foundation Business.
3) Real Estate and Solar Power Generation Business
The Company reported steady rental income, and generated and sold electricity for net sales that amounted to
150 million yen (up 0.3% year-on-year) and segment income was 95 million yen (up 1.4% year-on-year).
We expect that the conditions of the business environment in which the Group operates will remain severe
owing to the on-going risks presented by an unstable international environment, price increases, an intense labor
shortage in the construction industry, and the 2024 problem in logistics.
Under these circumstances, the Group will certainly implement the initiatives outlined in the business
improvement plan and strive to realize a further recovery in business performance. At the same time, the Groupis determined to build a foundation for delivering its growth strategy in the new Medium-Term Management
Plan, which is scheduled to be formulated and announced in 2024.
Looking ahead, the Group will continue to play a role in strengthening social infrastructure and contribute tosociety through offering technology and products to reduce environmental loads. In addition, we will becommitted to utilizing the Group’s synergy effect and realizing further growth, and by intensifying our efforts on
corporate governance and sustainability, we are aiming to realize sustainable growth and enhance our corporate
value to meet the expectations of our stakeholders.
(2) Explanation of Financial Position
The Group’s financial policies are to reduce total assets so as to improve ROA through measures such as earlycollection of accounts receivable, optimization of product inventories, and efficient capital investment strategies;
and to reduce interest-bearing debts by improving the efficiency of the Group’s funds and assets.
Total assets at the end of the second quarter of the fiscal year under review were 80,378 million yen, up 3,315
million yen from the end of the previous fiscal year.
Current assets were 35,672 million yen, up 1,112 million yen from the end of the previous fiscal year, and non-3

current assets were 44,706 million yen, up 2,202 million yen from the end of the previous fiscal year.
The increase in current assets was mainly due to an increase in cash and deposits, and the increase in noncurrent assets was mainly due to an increase in investment securities.
Total liabilities were 40,298 million yen, up 894 million yen from the end of the previous fiscal year.
Current liabilities were 26,616 million yen, up 1,150 million yen from the end of the previous fiscal year, andnon-current liabilities were 13,681 million yen, down 256 million yen from the end of the previous fiscal year.
The increase in current liabilities was mainly due to increases in notes and accounts payable - trade and income
taxes payable, and the decrease in non-current liabilities was mainly due to a decrease in long-term borrowings.
Total net assets were 40,080 million yen, up 2,421million yen from the end of the previous fiscal year. It was
mainly due to an increase in valuation difference on available-for-sale securities.
As a result of the above, the equity ratio came to 46.3%, up from 45.4% at the end of the previous consolidated
fiscal year.
Analysis of Cash Flows
Cash and cash equivalents at the end of the six months ended September 30, 2023 amounted to 9,114 million
yen.
(Cash flows from operating activities)
Funds provided by operating activities amounted to 3,429 million yen (outflow of 110 million yen in the same
period last year).
This was chiefly due to the factors to increase funds, such as 1,588 million yen recorded as profit before income
taxes, 882 million yen recorded as depreciation and 1,539 million yen recorded as a decrease in notes andaccounts receivable - trade and contract assets.
(Cash flows from investing activities)
Funds used in investing activities totaled 609 million yen (as compared to 693 million yen in the same period
last year).
This was chiefly due to the factors to decrease funds, such as 589 million yen recorded as purchase of property,
plant and equipment.
(Cash flows from financing activities)
Funds used in financing activities totaled 849 million yen (as compared to 901 million yen in the same period
last year).
This was chiefly because the factors to decrease funds, such as 1,114 million yen recorded as repayments oflong-term borrowings, exceeded the factors to increase funds, such as 243 million yen recorded as net increasein short-term borrowings.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
In view of the recent business trends, the Company revised its full-year consolidated financial results forecast
announced on May 19, 2023. For details, please refer to the “Notice regarding Revision of the Financial Results
Forecast for the Six Months Ended September 30, 2023 and the Fiscal Year Ending March 31, 2024” released on
January 11, 2024.

4

2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
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
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

5

As of September 30, 2023

7,136,254

9,114,533

13,835,737

11,725,210

2,851,162

3,421,814

6,662,602
616,733
1,851,977
548,749
1,080,338(24,300)
34,559,255

7,534,726
719,225
2,001,177
279,211881,136(4,800)35,672,235

17,237,062
9,215,411
26,452,474
596,533

17,237,062
9,041,402
26,278,465
841,176

12,235,905
3,356,033(136,987)
15,454,951
42,503,959
77,063,214

14,439,241
3,289,547(141,941)
17,586,846
44,706,489
80,378,724

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement 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-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

6

As of September 30, 2023

5,345,374
10,094,953
4,049,600
2,121,682
308,412605,124
2,941,088
25,466,236

5,607,797
10,167,522
4,293,200
1,997,536
669,202623,333
3,258,261
26,616,852

140,000
6,697,588
1,242,252
5,858,211
13,938,051
39,404,287

120,000
5,807,133
1,267,779
6,486,557
13,681,469
40,298,322

5,111,583
3,857,548
18,493,031(1,010,996)
26,451,166

5,111,583
3,858,541
19,301,628(1,009,766)
27,261,987

3,452,402

4,921,578

5,312,368(178,438)(88,161)8,498,170
2,709,590
37,658,927
77,063,214

5,312,368(142,029)(99,092)
9,992,824
2,825,589
40,080,402
80,378,724

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Thousands of yen)
For the six months
ended September 30, 2022
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
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Loss on claims
Loss from suspension of plantoperations assets
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
System failure response costs
Loss on retirement of non-current assets
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

7

For the six months
ended September 30, 2023

24,608,243
21,283,850
3,324,393
3,283,771
40,621

26,433,569
21,765,974
4,667,594
3,394,283
1,273,310

2,697
167,019

4,157
180,258

76,256

120,954

163,580
409,555

78,493383,863

30,8207,168
48,28886,276363,899

33,681
13,96426,961
52,638127,246
1,529,928

16,515
16,515

1,754
93,732
95,48624,36024,360356,054
208,410
34,452242,863
113,191
63,67149,51928,2238,596
36,8191,588,595
652,303
15,142
667,445921,149
112,551808,597

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Thousands of yen)
For the six months
ended September 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
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 ofparentComprehensive income attributable to non-controllinginterests

8

For the six months
ended September 30, 2023

113,191

921,149

316,172(1,215)(39,338)

1,466,028
41,686(7,676)(4,404)

11,926271,214384,406

1,511,965
2,433,114

319,2632,303,251

65,142

129,862(3) Quarterly Consolidated Statements of Cash Flows(Thousands of yen)
For the six months
ended September 30, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in provision for loss on
construction contracts
Increase (decrease) in retirement benefit liability
Decrease (increase) in retirement benefit asset
Share of loss (profit) of entities accounted for using
equity method
Interest and dividend income
Interest expenses
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Loss (gain) on sale of investment securities
System failure response costs
Decrease (increase) in notes and accounts receivable trade and contract assets
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in dvance received and contractdebt
Decrease (increase) in accounts receivable - other
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Decrease (increase) in other investments
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
System failure response costs paid
Net cash provided by (used in) operating activities

9

For the six months
ended September 30, 2023

356,054
918,476
28,464(115,455)(17,238)

1,588,595
882,277(14,545)8,346(11,811)

21,221(81,070)(12,590)

4,227(76,394)

25,526(15,596)(76,256)(120,954)(169,717)
30,820(16,515)
24,360-(184,415)
33,681(1,754)
8,596(93,732)
28,223(1,506,184)

1,539,874(836,168)
1,002,988(854,277)
334,991

60,746

235,950

159,909(82,676)(147,682)
460,666(54,162)(144,617)
187,347(33,306)(178,997)
59,092(110,482)

334,248(95,655)(59,633)(3,231)(21,932)
3,563,213
217,446(36,378)(329,255)
42,367(28,223)
3,429,170

(Thousands of yen)
For the six months
ended September 30, 2022
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Redemption of bonds
Repayments of lease liabilities
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Proceeds from sales of shares of parent held bysubsidiaries
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

10

For the six months
ended September 30, 2023

(662,709)
16,515(46,934)
(458)
(250)
(693,836)(589,110)
1,822(119,667)(535)
99,510(1,059)(609,041)

455,000
400,000(1,187,052)(14,500)(50,670)(299,364)(249,621)(13,555)

243,600
100,000(1,114,601)(20,000)(45,589)(12,827)

60,200-(1,714)(35)(901,277)(849,452)(1,660)7,602(1,707,256)
8,599,733
6,892,476

1,978,278
7,136,254
9,114,533

(4) Notes to Quarterly Consolidated Financial Statements(Notes on Going Concern Assumption)
There is no relevant information.
(Notes in the Case of Significant Changes in the Amount of Shareholders’ Equity)
For the six months ended September 30, 2022
1. Dividends paid
Resolution

Type ofsharesTotal amount ofdividends paid
(Thousand yen)

Dividend
per share(yen)

May 30, 2022
Board of Directors’Meeting

Commonshares

250,588

4.50

Record date

Effective date

Source ofdividends

March 31, 2022

June 14, 2022

Retainedearnings(Note) The total amount of dividends based on the resolution of the Board of Directors’ Meeting held on May 30,
2022 includes dividend of 627 thousand yen for the Board Incentive Plan Trust (BIP) and dividend of 496
thousand yen for the Stock Granting Trust (J-ESOP).
2. Dividends with a record date in the six months ended September 30, 2022 but with an effective date after the endof the period
There is no relevant information.
3. Significant changes in shareholders’ equity
There is no relevant information.
For the six months ended September 30, 2023
1. Dividends paid
There is no relevant information due to non-payment of dividends.
2. Dividends with a record date in the six months ended September 30, 2023 but with an effective date after the endof the period
Resolution

Type ofsharesTotal amount ofdividends paid
(Thousand yen)

November 30, 2023
Board of Directors’Meeting

Commonshares355,280

Dividend
per share(yen)

Record date

Effective date

6.50 September 30, 2023 December 29, 2023

Source ofdividends
Retainedearnings(Note) The total amount of dividends based on the resolution of the Board of Directors’ Meeting held on
November 30, 2023 includes dividend of 873 thousand yen for the Board Incentive Plan Trust (BIP) anddividend of 692 thousand yen for the Stock Granting Trust (J-ESOP).
3. Significant changes in shareholders’ equity
There is no relevant information.

11

(Changes in Accounting Policies)(Application of Practical Solution on the Accounting for and Disclosure of the issuance and holding ofElectronically Recorded Transferable Rights That Must Be Indicated on Securities, etc.)
Effective from the beginning of the first quarter of the fiscal year under review, the Company has applied the“Practical Solution on the Accounting for and Disclosure of the issuance and holding of Electronically Recorded
Transferable Rights That Must Be Indicated on Securities, etc.” (ASBJ PITF No.43, August 26, 2022).
There has been no impact on quarterly consolidated financial statements.
(Additional Information)(A transaction in which the Company’s shares are delivered to its employees, etc. through a trust)(1) Summary of the transaction
As for the Board Incentive Plan Trust (hereinafter referred to as the “BIP Trust”) and the Stock Granting
Trust (J-ESOP) (hereinafter referred to as the “J-ESOP Trust”) introduced in August 2015, the Company
resolved at the Board of Directors’ Meeting held on August 11, 2021 to continue the BIP Trust and the JESOP Trust for a new three-year period (from the fiscal year ended March 31, 2022 to the fiscal year ending
March 31, 2024) and reintroduced them by entering into an agreement to extend their terms, for the purposeof increasing motivation to improve the Company’s medium- to long-term performance and raisingawareness toward the contribution to an increase in shareholder value.
(2) The Company’s shares remaining in the trust
The Company’s shares remaining in the trust are recorded as treasury shares in net assets at their bookvalue (excluding incidental expenses) in the trust. The book value and the number of shares of the treasury
shares at the end of the second quarter of the fiscal year under review are 42,973 thousand yen and 134,359
shares for the BIP Trust, and 34,730 thousand yen and 106,597 shares for the J-ESOP Trust.

12

(Segment Information, etc.)[Segment Information]
I. For the six months ended September 30, 2022
1. Information on net sales and income by reportable segment(Thousand yen)
Reportable segment

Amounts recordedin the quarterly
Adjustment
consolidated(Note 1)statements ofincome (Note 2)

Concrete
Secondary
Product Business

Real Estate andSolar Power
Generation
Business

12,748,582

11,709,865

149,795

24,608,243–

24,608,243

1,157

–

–

1,157

(1,157)–

Total

12,749,739

11,709,865

149,795

24,609,401(1,157)

24,608,243

Segment income

200,141

525,905

94,140820,187(779,566)

40,621

Foundation
Business

Total

Net sales
Net sales to outside
customers
Inter-segment net sales
or transfers(Notes) 1. The adjustment for segment income mainly includes corporate expenses. Corporate expenses mainly
include general and administrative expenses, not attributed to reportable segments.
2. Segment income is adjusted to the operating profit in the quarterly consolidated statements of income.
2. Information on impairment losses of non-current assets and goodwill by reportable segment
There is no relevant information.
II. For the six months ended September 30, 2023
1. Information on net sales and income by reportable segment(Thousand yen)
Reportable segment

Amounts recordedin the quarterly
Adjustment
consolidated(Note 1)statements ofincome (Note 2)

Concrete
Secondary
Product Business

Real Estate andSolar Power
Generation
Business

12,933,599

13,349,755

150,214

26,433,569–

26,433,569

219

–

–

219

(219)

–

Total

12,933,819

13,349,755

150,214

26,433,788(219)

26,433,569

Segment income

550,095

1,360,750

95,466

2,006,312(733,001)

1,273,310

Foundation
Business

Total

Net sales
Net sales to outside
customers
Inter-segment net sales
or transfers(Notes) 1. The adjustment for segment income mainly includes corporate expenses. Corporate expenses mainly
include general and administrative expenses, not attributed to reportable segments.
2. Segment income is adjusted to the operating profit in the quarterly consolidated statements of income.
2. Information on impairment losses of non-current assets and goodwill by reportable segment
There is no relevant information.

13

(Matters Related to Revenue Recognition)
Information on the breakdown of revenue arising from contracts with customers
For the six months ended September 30, 2022
(Thousand yen)

2,794,784

Concrete
Secondary ProductBusiness
9,992,932

9,944,007

Foundation
Business
Product sales
Construction contract
sales
Other sales
Revenue from contracts
with customers
Other revenue (Note)
Net sales to outside
customers

Real Estate andSolar Power
Generation Business

Total
–

12,787,716

1,710,051–

11,654,059

5,750

6,881

32,19344,824

12,744,541

11,709,865

32,19324,486,600

4,040

–

117,602

121,642

12,748,582

11,709,865

149,795

24,608,243(Note) Other revenue includes revenue from real estate leasing.

For the six months ended September 30, 2023
(Thousand yen)

1,479,130

Concrete
Secondary ProductBusiness
10,953,047

11,448,743

Foundation
Business
Product sales
Construction contract
sales
Other sales
Revenue from contracts
with customers
Other revenue (Note)
Net sales to outside
customers

Real Estate andSolar Power
Generation Business

Total
–

12,432,177

2,394,449–

13,843,193

4,840

2,258

31,46538,563

12,932,714

13,349,755

31,46526,313,934

885–

118,749

119,634

12,933,599

13,349,755

150,214

26,433,569(Note) Other revenue includes revenue from real estate leasing.

(Significant Events after Reporting Period)
There is no relevant information.
3. OtherSignificant Events Relating to Going Concern Assumption, etc.
There is no relevant information.

14