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 Three Months Ended June 30, 2024
[Japanese GAAP]
July 26, 2024
Company name: AICHI CORPORATION
Stock exchange listing: Tokyo, Nagoya
Code number: 6345
URL: https://www.aichi-corp.co.jp
Representative: Toshiya Yamagishi, President and Representative Director
Contact: Tadashi Okumura, Accounting General Manager
Phone: +81-48-781-1111
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:(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profitowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended
June 30, 2024
12,746
20.2
985
35.1
1,188
26.9
831
25.3
June 30, 2023
10,606
(0.7)
728
3.7
936
(5.7)
664
(5.5)
(Note) Comprehensive income:Three months ended June 30, 2024:¥
1,301 million [(26.0) %]Three months ended June 30, 2023:¥
1,759 million [119.3%]
Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings pershareYenYen

11.16
8.83-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

Net assets
Millions of yen

96,432
94,921
As of June 30, 2024:
As of March 31, 2024:

Capital adequacy ratio¥¥

1

81,524
81,78981,524 million
81,789 million

%

84.5
86.2

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

19.00

-

21.00

40.00

Fiscal year ending March 31, 2025

20.00

-

20.00

40.00

Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-endTotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(% indicates changes from the previous corresponding period.)
Net sales
Millions ofyen

Operating profit%

Millions ofyen%

Ordinary profit
Millions ofyen

Full year
58,000
9.2
7,100
12.0
7,600(Note) Revision to the financial results forecast announced most recently:
NoProfit attributable Basic earnings perto owners of parentshare%

Millions ofyen%

Yen

8.3

5,600

6.3

75.11

* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2024
(changes in specified subsidiaries resulting in changes in scope of consolidation):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: No
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):
June 30, 2024:
74,570,000 shares
March 31, 2024:
74,570,000 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
9,801 shares
March 31, 2024:
9,697 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

74,560,270 shares
75,211,008 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants
or an audit firm:No* Explanation regarding the proper use of performance forecasts and other special items
・All projections are based on the information available to management at the time of making this report and are not guarantees of futureperformance. Uncertainties could cause the actual results of AICHI CORPORATION to differ materially from any projections
discussed in this report.

2Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade42,131,006
17,078,985

45,147,902
14,285,292

Merchandise and finished goods
Work in process

2,819,650
1,643,386

3,371,649
1,651,127

Raw materials and supplies
Other

1,562,785
592,449

1,994,233
395,857

Total current assets

65,828,262

66,846,061

6,655,773

6,557,620

1,411,784
8,522,521

1,301,327
8,522,521

559,976732,254

17,150,055

17,113,723

651,201

643,527

Investments and other assets
Investment securities

7,066,511

7,254,482

Retirement benefit asset
Other

600,466
3,630,421

609,701
3,969,992(5,301)(5,226)

Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets

Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

11,292,097

11,828,949

29,093,354

29,586,200

94,921,617

96,432,262(Thousands of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Income taxes payable
Provision for bonuses for directors (and otherofficers)
Provision for product warranties

7,372,886
862,617

8,357,921
557,200

38,0006,500

133,476

119,392

Other

2,503,070

3,755,241

Total current liabilities

10,910,051

12,796,256

616,302
1,383,340

616,3021,260,402

222,859

234,752

Non-current liabilities
Deferred tax liabilities for land revaluation
Deferred tax liabilities
Other
Total non-current liabilities

2,222,503

2,111,458

13,132,554

14,907,714

Share capital
Capital surplus

10,425,325
9,923,342

10,425,325
9,923,342

Retained earnings
Treasury shares

56,428,242(8,939)55,694,389(9,065)

Total shareholders' equity

76,767,970

76,033,991

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment

4,025,637

4,156,949(1,624,044)
1,218,929(1,624,044)
1,596,795

Remeasurements of defined benefit plans

1,400,570

1,360,855

Total accumulated other comprehensive income

5,021,092

5,490,556

81,789,062

81,524,547

94,921,617

96,432,262

Total net assets
Total liabilities and net assets4Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023

For the three months
ended June 30, 2024

Net sales
Cost of sales

10,606,020
8,508,510

Gross profit2,097,509

2,411,823

Selling, general and administrative expenses

1,368,605

1,426,781

728,904

985,041

Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses

12,746,334
10,334,510

1,656

2,927

64,99563,798116,394

155,006

16,021
8,943

8,872

208,011230,606-

27,053

Other728

428

Total non-operating expenses

728

27,481

936,187

1,188,166763-Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income-540763

540

140

5,217

Extraordinary losses
Loss on retirement of non-current assets

140

5,217

Profit before income taxes

Total extraordinary losses

936,8111,183,489

Income taxes - current
Income taxes - deferred

397,875(125,225)

512,175(160,599)

Total income taxes

272,650

351,576

Profit664,161

831,913

Profit attributable to owners of parent

664,161

831,913

5Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Thousands of yen)
For the three months
ended June 30, 2023
ProfitOther comprehensive income

For the three months
ended June 30, 2024

664,161

831,913

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

853,742
72,390131,312
164,611

Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

88,304(39,714)80,710213,254

1,095,147

469,463

Comprehensive income

1,759,308

1,301,376

Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

1,759,308

1,301,376--6

Quarterly Consolidated Statements of Cash Flows(Thousands of yen)
For the three months
ended June 30, 2023
Cash flows from operating activities
Profit before income taxes

For the three months
ended June 30, 2024

936,8111,183,489

Depreciation
Increase (decrease) in allowance for doubtful accounts

345,15499340,541(74)

Increase (decrease) in provision for product warranties
Decrease (increase) in retirement benefit asset(16,901)-(14,084)(9,235)

Increase (decrease) in retirement benefit liability
Interest and dividend income
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale of investment securities(152,891)(66,651)(66,726)(116,394)(155,006)-(540)

Foreign exchange losses (gains)
Loss (gain) on sale and retirement of non-current
assetsDecrease (increase) in trade receivables
Decrease (increase) in inventories(27,134)

(58)

(623)

5,217

9,053,279(1,406,705)

2,808,585(963,990)

Increase (decrease) in trade payables
Other, net(1,364,145)
339,327

982,865
1,231,190

Subtotal

7,523,223

5,342,173

Interest and dividends received
Income taxes paid

824,128(1,352,162)

65,938(763,663)

Net cash provided by (used in) operating activities

6,995,189

4,644,447

Cash flows from investing activities
Decrease (increase) in deposits
Proceeds from sale of investment securities
Purchase of property, plant and equipment andintangible assets
Other, net
Net cash provided by (used in) investing activities(4,000,000)

--

840

(65,326)(141,109)

40,845

12,780(4,024,480)(127,487)(58)(1,429,009)(125)(1,565,766)

Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Other, net(24,686)(20,119)

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(1,453,754)(1,586,011)

60,52785,948

1,577,481

3,016,896

Cash and cash equivalents at beginning of period

5,727,648

42,131,006

Cash and cash equivalents at end of period

7,305,130

45,147,902

7