Stock code : 9824

SENSHU ELECTRIC CO.,LTD.

Outline
1 . Group Overview
2 . October 2024 Summary of 1st Quarter financial results
3 . Medium term management plan
4 . Reference data

SENSHU ELECTRIC CO.,LTD.

2

1 . Group Overview

SENSHU ELECTRIC CO.,LTD.

3

Group Overview
Established

November 18, 1949

SharesTokyo Stock Exchange Prime

Capital2,575,200,000yen [US$17Mil.]Type of industry

Wholesale distributor(Industry leader of electric wires general trading company)

No. of employees

819（Average age:40.2）

No. of subsidiaries ７ in Japan and ７ in overseas（China/Taiwan/Thailand/Philippines/Vietnam/USA）
No. of offices

18 in Japan

JapanAsia

SENSHU ELECTRIC CO.,LTD.

USA4Sales Channels of Electric Wires
Electric power

Communications(NTT etc.)(Each electric power
supply companies)

Electric wire
manufacturers

Electric machinery(General manufacturers)

Other domestic
demand(Steel/ship building etc.)

Direct demands
Automobiles(Related companies)
Electricalmaterials

Electrical facilities
materials sales
companies

Construction/
Electrical sales

Electricfacilities

Direct demands

Electricalconstruction
companies

SENSHU ELECTRIC CO.,LTD.

Sales channels of electric wire
Manufacturers
Our sales channels(Electrical materials)
Our sales channels(Direct demands)
Our sales channels(Electrical facilities)
Sales channels of our customers
5Major Customers (image)〈More than 3,700 Customers〉
Electricalmaterials(For Electrical facilities
materials salescompanies)

Electricfacilities(Electrical constructioncompanies)

Directdemands

There are approximately 1,100
major electric material storesthat are members of the union

ElectricalconstructionMore than 60,000 companies nationwide,
including small and medium-sized companies
Mainly large companies

Building/Mansions
Solar Power Generation
Offshore wind power generation facilities, etc.

Manufacturers of machines and robots that produce machine tools, automobiles,
semiconductors, etc.

(End-users)
Machine tools/industrial machines

Automobile facilities

SENSHU ELECTRIC CO.,LTD.

Semiconductor/liquid crystal facilities

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Customers Composition（Non-consolidated）
1st Quarter Fiscal Year October 2024
FA Cables
Power Cables
Power Cables
Covered Cables
Covered Cables
Non-Cables
Transition（％）

Electricmaterials
FA Cables

SENSHU ELECTRIC CO.,LTD.

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Three Business Models
1

JUST IN TIME system

2

Original products

3

Cable assemblies(Electric wire terminal processing）

Electric wires of about 200,000 types

In addition to the sale of electric wires,& difficult to stock in terms of space

we respond to the processing needs ofand theft due to their heavy weight.

small lots and a wide variety ofWe have a warehouse floor space ofproducts and short delivery times,

approximately 70,000 ㎡ in Japansuch as electric wires and control(Sapporo to Okinawa) with overpanels with terminals, at 7 of our 18

50,000 kinds of products, havebases nationwide. In addition, group

established a JUST IN TIME system.

FA cables (Factory Automation (FA)companies will also develop a system

cables used for robots, etc.) with aand work together.

wire manufacturer and sold them as
original products. We accurately
grasp a wide variety of needs and playa role as a technical trading company.

SENSHU ELECTRIC CO.,LTD.

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2.

October 2024 Summary of 1st Quarter financial results

SENSHU ELECTRIC CO.,LTD.

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Consolidated Financial Highlights
Achievements
・Both sales and profits hit record highs in the quarter
・Automobiles and construction and electronic sales increased.
・Average copper prices increased 5.6% year on year to 1,272,000 yen/tEarning forecast
・Upward revision of second quarter and full-year forecasts

Shareholder Returns(No change)

・Fiscal Year Ended October 2024
Initial forecast: 120 yen per year (Dividend increase of 10yen)

SENSHU ELECTRIC CO.,LTD.

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Consolidated income statements overview（Unit : million yen、％）

2023/10_1Q

Composition
ratio

2024/10_1Q

Composition
ratio

Increase or decrease

YoY

29,764100.0

33,744

100.0

3,980

13.4

Gross profit

4,645

15.6

5,337

15.8

692

14.9

Selling, general andadministrative expenses

2,497

8.4

2,694

8.0

196

7.9

Operating profit

2,147

7.2

2,643

7.8

496

23.1

Recurring profit

2,263

7.6

2,772

8.2

508

22.5

Profit attributable to owners

1,520

5.1

1,958

5.8

438

28.8

Net salesof parent
Average copper price(Thousand yen/t)

1,205

1,272

SENSHU ELECTRIC CO.,LTD.

67

5.6

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Forecast of consolidated financial results(Earning Amendment:announce on March 4 in 2024)（Unit : million yen,％）2023/10

Composition

2Q

ratio

2024/10
２QForecast

Composition
ratio

2024/10YoY

２Q Revised Forecast

Composition
ratio

YoY

2023/102024/10

Composition
ratio

Forecast

Composition
ratio

2024/10
YoY

Revised forecast

Net sales

61,851 100.0

64,500 100.0

Operating profit

4,304

7.0

4,300

6.7 △ 0.1

4,800

7.3

11.5

8,366

6.7

8,700

6.6

4.0

9,200

Recurring profit

4,482

7.2

4,400

6.8 △ 1.9

5,000

7.6

11.5

8,770

7.0

8,900

6.8

1.5

2,994

4.8

3,000

4.7

3,500

5.3

16.9

5,920

4.7

6,150

4.7

3.9

2.2

1,232

Profit attributable toowners of parent
Average copper price(Thousand yen/t)

1,223

1,250

66,000 100.0

4.30.2

2.2

1,250

6.7

124,967 100.0 131,000 100.0

SENSHU ELECTRIC CO.,LTD.

1,250

4.8

1.5

Composition
ratio

132,000 100.0

YoY

Increase or decrease

5.6 1,0000.8

7.0

10.0

500

5.7

9,500

7.2

8.3

600

6.7

6,600

5.0

11.5

450

7.3

1,250

1.5

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Consolidated net sales Quarterly trends(After earning amendment)

SENSHU ELECTRIC CO.,LTD.

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Consolidated Balance Sheet overview（Unit: million yen）

2023/102024/10_1Q

Increase ordecrease

Total current assets

70,83071,654823

Total non-current assets

30,537

31,133596

101,367

102,788

1,420

47,71348,464

751

2,939

2,855

△ 83

Total liabilities

50,652

51,320667

Total shareholders' equity

48,764

49,216452

Total net assets

50,71451,467752

101,367

102,788

1,420

Total assets
Total current liabilities
Total non-current liabilities

Total liabilities and netassets

SENSHU ELECTRIC CO.,LTD.

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Shareholder Return Policies
Dividend（Forecast of 120 yen per year）No change

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Setting stable dividend payment as our basic policy, we arepaying dividends considering and examining business results
and retained earnings, etc. comprehensively.
Fiscal Year Ending October 2024 is interim dividend:60yen, year-end dividend: 60 yen, the annual dividend to
120 yen, and a dividend increase of 10 yen is expected.

Treasury stock acquisition and retirement
We acquired treasury stock in order to improveshareholder returns, improve capital efficiency,
and implement flexible capital policies in responseto changes in the business environment. Also we retired
treasury stock for the same reason.

・ Total number of acquire shares
270,000 shares (limit)
・Total acquisition amount
1,000,000,000yen (limit)（Acquisition period2023/10/10 to 2024/4/30）

・ Total number of retired shares

3Stockholder benefit program(Once a year (at year end), 1 unit (100 shares) or more)

Less then 1 year : Our original QUO card (1,000 yen)
One year or more : Our original QUO card (2,000 yen)
SENSHU ELECTRIC CO.,LTD.

1,500,000 shares・Total number of issued shares after
retirement
19,500,000 shares（retirement date 2023/12/14)

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3. Medium term management planSENSHU ELECTRIC CO.,LTD.

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Medium-Term Management Plan:SS2026
Final Year October 2026

Consolidated net

Recurring profit

ROE

10 billion yen

More then 10.0％

sales
150billion yen（Unit：million）

SENSHU ELECTRIC CO.,LTD.

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Medium-Term Management Plan ：SS2026
Increase sales in the direct demand sector by developing original products
and strengthening the processing sector

New construction
Review of production lines

Improvement of the Just in Time system
Strengthening of sales in Tokyo and surrounding Kanto areas,and expansion of share for the other area

EV/RenewableenergySales products other than electric wires including own brand ones anddevelopment of new fields

ESG/SDGs

Strengthening of global deployment(Improvement profitability of the Group)

Sustainability Management

Semiconductor/Automated

AI・IoTInbound Expo
インバウンド、万博・IR

IR Construction
建設需要demand

銅価高騰

Promotion of the Senshu Transformation Project
SENSHU ELECTRIC CO.,LTD.

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Medium-Term Management Plan ：Capital Expenditures andDepreciation
Fiscal year ended October
2023
・Hokuriku Branch(opened in May 2023)
・Okinawa Building Construction Site
・Solar power land

Since fiscal year endedOctober 2024
・Toyohashi office extension

・Nagoya FA Center(Will open in 2025)

SENSHU ELECTRIC CO.,LTD.

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Medium-Term Management Plan ：New Fields／Abil heater
Subterranean heated vinyl lines for agricultural use.
Abil heater

Contributes to CO2 emission reduction by directly heating soil inplastic greenhouses, etc., and increases harvest turnover (cycle)
by accelerating the speed of growth.

Contribute to the SDGs
Decarbonization and energy savings compared to boilers that use fuel.

Senshu Electric Nagakute House
Growing tomatoes and strawberries in Nagakute City, Aichi Prefecture,

Annual sales of 1 billion yenin agribusiness by 2027

using aviru heaters.

Other
Exhibit at agricultural trade shows.
Developing a hot air heater.

SENSHU ELECTRIC CO.,LTD.

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Medium-Term Management Plan：Sustainability Management

Materiality

ESDGs

TOPICS

Reduction of CO2 emissions●Feb. 2023

Environmental conservation

Response to climate change

Invest in Green Bonds(Osaka city,etc)

activities

Compliance with environmental laws

●Apr. 2023

and regulations

Published 2022 Environmental ReportFeb.2024
Publication of the Company’s
first integrated report

Strengthening information security
Strengthening quality control system

Respect and consideration forhuman rights

S

Creating a rewarding work
environment
Stable supply of goods andservices

Improving engagement with employees andbusiness partners●Oct.2023

Promotion of health management andAcquired Solar Power Generation Siteenhancement of health and safety
Promoting diverStrengthening information（Mie prefecture)

security●Certification of ”Excellent HealthStrengthening quality control system

Management Corporation 2023”

Improving engagement with employees andbusiness partners
Promotion of health management andenhancement of health and safety
Promoting diversity

Enhancement of Corporate

G

Establishment of a governance

Governancesystem

Through compliance●Jan. 29, 2024
Corporate Governance Report

Risk management

SENSHU ELECTRIC CO.,LTD.

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4. Reference data

SENSHU ELECTRIC CO.,LTD.

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Consolidated income statements overview（Comparison with previous FY）（Unit : million yen、％）

2023/10_1Q

2024/10_1Q

Increase or decrease

Net sales

29,764100.0

33,744

100.0

3,980

13.4

Cost of sales

25,11984.4

28,406

84.2

3,287

13.1

Gross profit

4,645

15.6

5,337

15.8

692

14.9

2,497

8.4

2,694

8.0

196

7.9

2,147

7.2

2,643

7.8

496

23.1

Non-operating income1400.5

155

0.5

15

Non-operating expenses

230.1

26

0.1

2

2,263

7.6

2,772

8.2

508

Extraordinary incomeーー

100

0.0

100

Extraordinary losses

ーーーーー

2,263

7.6

2,872

8.5608

Income taxes - current

540

1.8

703

2.1

163

Income taxes - deferred

186

0.6

197

0.6

11

1,537

5.2

1,971

5.8

434

16

0.1

120.0

△3

1,520

5.1

1,958

5.8

438

28.8

67

5.6

Selling, general andadministrative expenses

Operating profit

Recurring profit

Profit before income taxes

ProfitProfit attributable
to non-controlling interests
Profit attributable to owners ofparent
Average copper price(Thousand yen/t)

1,205

1,272

SENSHU ELECTRIC CO.,LTD.

22.5

26.9

28.3

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Consolidated Balance Sheet overview（Unit: million yen）

2023/102024/10_1Q

Cash and deposits

28,53428,596

Notes and accounts receivable - trade23,31322,496

Electronically recorded

11,302

13,131monetary claims - operating

Increase or

2023/10decrease

62 Notes and accounts payable - trade

1,896△ 816 Short - term borrowings

691

726

35

1,828 Current portion of bonds payable6464

0106,703△ 211 Income taxes payable

Work in process

247244△ 3 Provision for bonuses

Raw materials and supplies

257

275

18 Other Current liabilities

Other current assets

253

197

Total current assets

70,83071,654

823 Total current liabilities

Property, plant and equipment

20,35520,702347 Bonds payable

303

290

△ 12 Long-term borrowings

9,878

10,140261 Retirement benefit liability
Other non-current liabilities

30,537

31,133596 Total non-current liabilities
Total liabilities

Intangible assets
Investments and other assets

Total non-current assets

0 Current portion of long-term borrowings

572

1,561

745

△ 816

773395

△ 377

1,566

1,577

1047,713

48,464

751

4242－

54

52

△22,1202,144

23720615

△ 105

2,939

2,855

△ 83

50,652

51,320667

Share capital

2,575

2,575

－

Capital surplus

2,757

374

△ 2,382

Retained earnings

48,57449,470896

Treasury shares△ 5,142△ 3,203

1,938

48,764

49,216

452

1,565

1,849

283

△ 54

Total shareholders' equity
Total accumulated other comprehensive
incomeShare acquisition rights

5959

0Non-controlling interests

326

342

16

50,71451,467752

101,367

102,788

1,420

Total net assets
Total assets

101,367

102,788

decrease

44,947

9Merchandise

Increase or

43,050

6,914

Securities

2024/10_1Q

1,420 Total liabilities and net assets

SENSHU ELECTRIC CO.,LTD.

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Electric wire and copper price
There are two types of electric wires: copper and aluminum wires, and most of the wires we deal
with are copper wires. Therefore, the market price of copper is important for the sale of electricwires.
The domestic copper quotation is determined by JX Nippon Mining & Metals based on the international
copper quotation determined by the London Metal Exchange (LME) and the exchange rate.
〈Copper price and monthly sales (non-consolidated)〉

SENSHU ELECTRIC CO.,LTD.

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Dividends and Dividend Payout Ratio（Unit：yen,％）(Note) The Company conducted a 2-for-1 stock split of shares of common stock on November 1, 2022,
and the dividend payout ratio is calculated on the assumption that the stock split was conducted at the beginningof the previous fiscal year.

SENSHU ELECTRIC CO.,LTD.

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Trends in shareholder return(Dividend+treasury stock)
Implementation of continuous
shareholder returens through dividends+ treasury stock(Unit:million）

SENSHU ELECTRIC CO.,LTD.

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Trends in Main Indicators Red = FY10/2024 forecast Blue = Results
EPS (yen)

BPS(yen)

ROE(%)

DOE(%)

Equity ratio(%)

Shareholder return rate(%)(Note) The Company conducted a 2-for-1 stock split of shares of common stock on November 1, 2022,
and calculated are based on the assumption that the stock split was conducted at the beginning of the previous fiscal year.

SENSHU ELECTRIC CO.,LTD.

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Thank you for your attention.

Stock code : 9824

SENSHU ELECTRIC CO.,LTD.

Notes on the content
None of the information on this document constitutes a solicitation to purchase or sellshares belonging to our company.
Please note that, due to various factors, future performance may differ from theseforecasts. The information contained within this material should be checked against
information obtained through other means and utilized at the user's discretion.
In no event shall our company or its suppliers be liable for any damages resulting fromthis information. We ask that users make investment decisions at their own discretion.
Furthermore, please be aware that the information presented here may not always reflect
the latest information available.

SENSHU ELECTRIC CO.,LTD.