FOR TRANSLATION PURPOSE ONLY
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.
May 10, 2024

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
(Based on Japanese GAAP)
Company name:
TAKAMIYA CO., LTD.
Stock exchange listing:Tokyo (Prime Market)
Stock code:
2445
URL:
https://corp.takamiya.co/
Representative:
Representative Director, President and Chairman KAZUMASA TAKAMIYA
Scheduled Date for Ordinary Shareholders' Meeting:June 26, 2024
Scheduled date to commence dividend payments:
June 11, 2024
Scheduled quarterly report submission date:June 26, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:Yes (Scheduled to distribute financial results briefing video)(Amounts less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1,2023 to March 31,2024)(1) Consolidated operating results
Percentages indicate year-on-year changes
Net sales
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

(Note) Comprehensive income

Operating income

Million yen%

Million yen%

Million yen%

Million yen%

44,127

5.3

3,404

51.1

3.580

49.1

1,887

29.3

41,894

5.3

2,253

33.9

2,400

22.9

1,460

51.3

Fiscal Year Ended March 31, 2024 : 2,101 million yen
Fiscal Year Ended March 31, 2023 : 1,786 million yen

17.7%
50.1%

Diluted earnings
per share

Profit attributableto owners ofparent/equity

Ordinary income
margin on total
assets

Yen

Yen

%

%

%

40.53

39.00

9.1

5.4

7.7

31.36

30.28

7.6

3.9

5.4

Earnings per
share
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

Profit attributable toowners of parent

Ordinary income

Operatingincome margin(2) Consolidated financial condition
Total assets

Capital adequacy ratio

Net assets per share

Million yen%

Yen

68,945

22,15731.1

460.9562,74920,52231.7

427.08

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

(Reference) Shareholders' equity

Net assets

Million yen

Fiscal Year Ended March 31, 2024 : 21,470 million yen
Fiscal year Ended March 31, 2023 : 19,892 million yen(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
Fiscal year ended
March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents
at end of period

Million yen

Million yen

Million yen

Million yen(180)(3,187)

2,798

7,460

(14)

(1,205)

398

7,768

FOR TRANSLATION PURPOSE ONLY
2. Cash dividends
Annual dividends per share

Fiscal Year ended
March 31, 2023
Fiscal Year ended
March 31, 2024
Fiscal Year ended
March 31, 2025
(Forecast)

Total cash
dividends

Total

Dividend
payout ratio(consolidated)

Ratio ofdividends
to net assets(consolidated)

End 1QEnd 2QEnd 3QEnd 4Q

Yen

Yen

Yen

Yen

Yen

Million yen

%

%

-

6.00

-

8.00

14.00

652

44.6

3.4

-

6.00

-

8.00

14.00

652

34.5

3.2

-

6.00

-

8.00

14.00

32.6

3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Earnings
Profit attributable to
Net sales
Operating income
Ordinary income
per shareowners of parent
2Q
Full year

Million yen%

Million yen%

Million yen%

Million yen%

Yen

22,60049,500

8.7
12.2

1.150
3,600

(4.6)
5.7

930
3,220

(37.4)(10.1)

500
2,000(50.3)
5.9

10.73
42.93

FOR TRANSLATION PURPOSE ONLY
Notes
(1) Changes in significant subsidiaries during the current quarter consolidated cumulative period (changes in specified subsidiaries resulting inchanges in the scope of consolidation) : None
(2) Changes in accounting policies, changes in accounting estimates, and restatements① Changes in accounting policies due to revision of accounting standards, etc.: None
② Changes in accounting policies other than (1) above : None
③ Changes in accounting estimates : None
④ Restatement : None
(3) Number of shares issued (common stock)① Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024
46,585,600 shares As of March 31, 2023
② Number of treasury shares at the end of the period
As of March 31, 2024
7,080 shares As of March 31, 2023
③ Average number of shares during the period (cumulative quarterly)
As of March 31, 2024
46,578,553 shares As of March 31, 2023

46,585,600 shares
7,020 shares
46,578,580 shares(Reference) Summary of Non-Consolidated Financial Results
Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results
Percentage figures represent changes from the previous fiscal year.
Profit attributable to
Net sales
Operating income
Ordinary income
owners of parent
Fiscal Year ended
March 31, 2024
Fiscal Year ended
March 31, 2023

Million yen%

Million yen%

Million yen%

Million yen%

36,297

6.2

2,183

156.7

2,525

111.3

1,096

121.8

34,177

2.3

850

17.1

1,195

1.7

494

(3.8)

Earnings per share
Fiscal Year ended
March 31, 2024
Fiscal Year ended
March 31, 2023

Diluted earnings per share
Yen

Yen

23.54

22.65

10.61

10.25

(2) Non-consolidated financial position
Total assets
Fiscal Year ended
March 31, 2024
Fiscal Year ended
March 31, 2023
(Reference) Shareholders' equity

Net assets

Capital adequacy ratio

Net assets per share

Million yen

Million yen%

Yen

60,677

17,76128.5

370.9054,964

17,20230.5

359.98

Fiscal year ended March 31, 2024: 17,276 million yen
Fiscal year ended March 31, 2023: 16,767 million yen* The quarterly financial statements are not subject to audit by certified public accountants or auditing firms.
*Explanation of the appropriate use of financial forecasts and other special notes(Cautionary Note Regarding Forward-Looking Statements, etc.)
The forward-looking statements, including business forecasts, contained in this document are based on information currently available to theCompany and on certain assumptions deemed reasonable, and are not intended as a promise by the Company that they will be achieved. Actual
results may differ materially due to a variety of factors. Please refer to "1. Qualitative information on quarterly financial results (4) Outlook for the
Future" on page 3 of the attached materials for the conditions that form the assumptions for the forecast of financial results and cautions
concerning the use of the forecast of financial results.
(How to obtain supplementary financial statement explanations)
The supplementary financial statement explanations will be posted on our company's website.
(How to obtain information on financial results)
We plan to stream the financial statement explanations through video on our company's website.

FOR TRANSLATION PURPOSE ONLY
Table of contents of attached documents
1. Summary of Business Performance.................................................................................................................................................

2(1) Overview of Current Period's Business Performance.............................................................................................................

2(2) Summary of the Current Fiscal Period's Financial Condition.….……………………………………………...…………………...

2(3) Summary of cash flows for the current fiscal year……………….………………………...………………………………………...

3(4) Outlook for the Future……………….………………………...………………………………………...……………………………...

3

2. Fundamental Principles for Selecting Accounting Standards...........................................................................................................

3

3. Consolidated financial statements and major notes..........................................................................................................

4(1) Consolidated balance sheets ..................................................................................................................................

4(2) Consolidated Income Statement and Consolidated Statement of Comprehensive Income ……………………...………..…..

6

Consolidated Income Statement

6

Consolidated Statement of Comprehensive Income

7(3) Consolidated Statement of Changes in Shareholders' Equity................................................................................................

8(4) Consolidated Statements of Cash Flows.................................................................................................................................

10(5) Notes to the Consolidated Financial Statements Flows...........................................................................................................

12(Notes on going concern assumption) .................................................................................................................................

12(Change in the Scope of Consolidation or Application of Equity Method) ...........................................................................

12(Segment information) .........................................................................................................................................................

12(Per share information) ........................................................................................................................................................

14(Significant subsequent events) ...........................................................................................................................................

14

1

FOR TRANSLATION PURPOSE ONLY
1. Summary of Business Performance(1) Overview of Current Period's Business Performance
In the current consolidated fiscal year, the global economy has been transitioning with a recovery trend as the restrictions on
economic activities due to the impact of the COVID-19 pandemic have eased. However, uncertainties persist in the economic outlook
due to ongoing geopolitical risks such as the prolonged Russia-Ukraine issue and escalating tensions in the Middle East.
In such an environment, our group announced in the Medium-term management plan on May 31, 2021, the management vision of'Creating new value through transformation and aiming for sustainable growth by becoming a partner company for our customers. We
have been progressing in the transition to a new business model, particularly by promoting the 'Takamiya Platform' to provide highvalue-added services to Iq System purchasing customers announced on May 31, 2023.
We have been expanding functionalities such as the web-based interface 'OPERA' for all services provided on the 'Takamiya
Platform' and the digital marketplace 'Iq-Bid' that allows free purchase and sale of construction temporary equipment. Additionally, theuser account base for the operation management service 'OPE-MANE' of the main service, Iq System, has also increased.
As a result, the business performance for the current consolidated fiscal year amounted to Net sales of 44,127 million yen (anincrease of 5.3% compared to the previous year), Operating income of 3,404 million yen (an increase of 51.1% compared to theprevious year), Ordinary income of 3,580 million yen (an increase of 49.1% compared to the previous year), and Profit attributable toowners of parent of 1,887 million yen (an increase of 29.3% compared to the previous year).
The business performance by segment is as follows.
(Sales business)
In the temporary equipment division, there was considerable interest in the 'Takamiya Platform,' and while there were inquiries for
new procurement, replacements, and additional purchase projects, concerns over soaring material prices, labor shortages, anduncertainties such as construction delays due to the postponement of purchase timing were raised, including the Bank of Japan's
reduction in monetary easing. As a result, sales remained sluggish. On the other hand, with the proliferation of the 'Takamiya Platform,'high-value-added services such as 'OPE-MANE' were well-received, leading to an increase in transaction prices for construction
temporary equipment on the 'Takamiya Platform,' contributing to an improvement in profit margins.
Outside of the temporary equipment division, sales in solar-related materials saw a decrease as large-scale solar projects that had
been ongoing since the previous period reached completion.
As a result of these factors, Net sales amounted to 12,597 million yen (a decrease of 4.3% compared to the previous year) andOperating income reached 1,701 million yen (an increase of 43.0% compared to the previous year)."(Rental Business)
In the construction sector, rental demand remained high, particularly in the maintenance and repair works in the Greater Tokyo Area,
while rental demand also increased in the civil engineering sector due to a recent uptick in site activities. As a result, the rental volume
of construction temporary equipment continued at a high level surpassing the previous period. Additionally, we expanded ourequipment lineup and worked on further efficiency improvements in the operation of construction temporary equipment at equipment
bases such as Takamiya Lab.West, as well as ensuring a stable supply system for 'Takamiya Platform' users.
These efforts led to sales of 28,214 million yen (an increase of 14.2% compared to the previous year) and operating income of
3,691 million yen (an increase of 41.4% compared to the previous year)."(Overseas Business)
In the manufacturing sector, there were no significant impacts on the procurement of raw materials and parts, and shipments ofconstruction temporary equipment to Japan from HORY VIETNAM (Vietnam) and Hory Korea (South Korea) remained strong.
In Hory Korea, which has an overseas sales department, concerns about the global economic downturn led to a similar trend inrental usage as seen in Japan within the temporary facilities division. Additionally, sales of solar-related materials decreased outsideof the temporary facilities division, resulting in a decrease in sales revenue.
At DIMENSION-ALL INC. (Philippines), although economic activities showed signs of recovery, changes in project timelines due toreassessments of large-scale projects resulted in lower sales compared to the previous period.
As a result of these factors, sales amounted to 7,897 million yen (a decrease of 12.1% compared to the previous year) and operating
income reached 320 million yen (a decrease of 20.7% compared to the previous year)."(2) Summary of the Current Fiscal Period's Financial Condition
At the end of the current consolidated fiscal year, total assets amounted to 68,945 million yen, representing an increase of 6,195
million yen compared to the end of the previous consolidated fiscal year. The main factors contributing to this increase were a decreasein cash and deposits of 510 million yen, an increase in notes receivable of 946 million yen, an increase in merchandise and finishedgoods of 951 million yen, an increase in leased assets (net amount) of 3,890 million yen, and an increase in land of 1,292 million yen,among others.
Total liabilities amounted to 46,787 million yen, representing an increase of 4,560 million yen compared to the end of the previous
consolidated fiscal year. The main factors contributing to this increase were an increase in bonds (including current portion of bonds)of 1,312 million yen and an increase in long-term loans payable (including current portion of long-term loans payable) of 2,531 million
yen, among others.
Total net assets amounted to 22,157 million yen, representing an increase of 1,635 million yen compared to the end of the previous
consolidated fiscal year. The main factors contributing to this increase were an increase in retained earnings of 1,374 million yen,among others.

2FOR TRANSLATION PURPOSE ONLY
(3) Summary of cash flows for the current fiscal year
The cash and cash equivalents at the end of the current consolidated fiscal year decreased by 308 million yen compared to the endof the previous consolidated fiscal year, amounting to 7,460 million yen (a decrease of 4.0% compared to the previous year).
The status and factors of each cash flow are as follows.
(Cash flows from operating activities)
The cash flow from operating activities resulted in an expenditure of 180 million yen (compared to an expenditure of 14 million yen in
the previous consolidated fiscal year). This is mainly due to Profit before income taxes of 3,186 million yen, depreciation of 5,430
million yen, Purchase of assets for rent of 1,634 million yen, Decrease (increase) in inventories of 6,398 million yen.
(Cash flows from investing activities)
The cash flow from investment activities resulted in an expenditure of 3,187 million yen (compared to an expenditure of 1,205 million
yen in the previous consolidated fiscal year). This is mainly due to Purchase of property, plant and equipment of 3,416 million yen.
(Cash flows from financing activities)
The cash flow from financing activities resulted in an income of 2,798 million yen (compared to an income of 398 million yen in theprevious consolidated fiscal year). This is mainly due to Proceeds from long-term loans payable of 8,500 million yen, Repayments oflong-term loans payable of 5,971 million yen.
(4) Outlook for the Future
In the future outlook, our group's major trading partner, the construction industry, may face challenges such as the 2024 labor hour
restriction issue, rising construction costs due to increased resource prices, high crude oil prices, and energy price hikes, as well as
potential impacts from the Bank of Japan's policy review leading to higher interest rates. Concerns such as global inflation andeconomic slowdown could pose uncertainties and continue to create an opaque economic environment.
Domestically, the construction investment sector is experiencing delays and postponements in projects due to high oil prices,increased construction material costs, and a shortage of skilled labor. However, there is stability seen in nationwide infrastructure
improvement projects driven by initiatives like the National Resilience Plan. There's also a steady demand for warehouses and logistics
facilities, coupled with plans for new semiconductor factories and data center construction due to the proliferation of AI, indicating
robust movement in private-sector facility investments.
Considering these conditions, our company has developed a new medium-term management plan starting from the fiscal year
ending March 2025, focusing on the platform business to address challenges in the construction and temporary facilities industries andreform our revenue base. Going forward, we will actively enhance the convenience of the platform through equipment base (logisticshub) and service reinforcement, alongside promoting digital transformation (DX) for improved management efficiency, aiming forincreased users and revenue. Additionally, we will invest in human capital by revising starting salaries and personnel systems topromote DX and value-added creation, thus strengthening our management foundation.
In our overseas business, we anticipate a continued challenging environment due to local subsidiary dynamics. However, we haveseen some improvement in segment business profitability trends, indicating progress in rebuilding our management foundation. Goingforward, we will continue to focus on enhancing and expanding our business infrastructure to steadily improve profitability.
As a result, our group anticipates increased investment for Takamiya Platform development and expanded human capital
investment, leading to increased depreciation and cost burdens, making significant profit improvement challenging. As part of ourcommitment to strengthening our management approach focusing on capital costs and share prices, each department and affiliatedcompany within our group will set KPIs and implement specific actions toward achieving targets, balancing both business income andasset efficiency to achieve future revenue while transitioning to a resilient corporate structure capable of consistently generating profits.
Through these activities, we expect our consolidated performance for the fiscal year ending March 31, 2025 to achieve net sales of
49,500 million yen, operating income of 3,600 million yen, ordinary income of 3,220 million yen, and Profit attributable to owners ofparent of 2,000 million yen.
2. Fundamental Principles for Selecting Accounting Standards
Our group policy is to prepare consolidated financial statements using Japanese standards, taking into account the comparability offinancial statements over periods and comparability between companies.
Regarding the application of international accounting standards, we intend to appropriately respond after considering domestic andinternational circumstances.

3

FOR TRANSLATION PURPOSE ONLY
3. Consolidated financial statements and major notes(1) Consolidated Balance Sheet
Million yen
Fiscal year ended March 31, 2023

Fiscal year ended March 31, 2024

8,296
2,430
9,022
5,423
1,308
1,452
819
(323)

7,786
3,377
8,649
6
6,375
1,244
1,344
617
(327)

28,43029,07342,592(28,243)

48,227(29,987)

Assets for rent, net

14,34918,240

Buildings and structures

10,084(4,359)10,640(5,184)

Buildings and structures, net

5,725

5,455

Machinery, equipment and vehicles
Accumulated depreciation

3,683(2,171)

4,029(2,566)

1,512

1,463

7,766
1,224
(922)

9,058
1,432
(1,080)

301

352

145
1,858
(1,365)769
2,166(1,639)AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Contract assets
Merchandise 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
Assets for rent
Accumulated depreciation - Assets for rent

Accumulated depreciation and impairment loss

Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Other
Accumulated depreciation
Other, net
Total tangible assets
Intangible assets
Leasehold right
Other
Total intangible fixed assets
Investments and other assets
Investment securities
Guarantee deposits
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

492

527

30,29235,867

327

327

418

381

746

709

379

452

760
80
745
1,382
(68)

758
154
612
1,473
(156)

3,280

3,294

34,31839,87162,74968,945

FOR TRANSLATION PURPOSE ONLY

Million yen
Fiscal year ended March 31, 2023

Fiscal year ended March 31, 2024

7,010
3,909
1,167
5,749
311
392
110
466
306
2,454

6,746
3,986
785
5,792
364
922
564
391
2,870

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of bonds
Current portion of long-term loans payable
Lease obligations
Income taxes payable
Contract liability
Provision for bonuses
Notes payable - facilities
Other
Total current liabilities

21,87822,424Non-current liabilities
Bonds payable
Long-term loans payable
Lease obligations
Net defined benefit liability
Asset retirement obligations
Other

4,263
12,253
690
1,021
34
2,085

5,958
14,742
525
1,042
34
2,059

Total non-current liabilities

20,34924,36342,227

46,7871,052
1,910
16,514
(3)

1,052
1,910
17,888(3)

19,473

20,847

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans

62
(1)
368
(9)

134
(0)
453
34

Total accumulated other comprehensive income

419

622

434
194

485
201

20,522

22,15762,74968,945

Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity

Subscription rights to shares
Non-controlling interest
Total net assets
Total liabilities and net assets

5FOR TRANSLATION PURPOSE ONLY
(2) Consolidated Income Statement and Consolidated Statement of Comprehensive Income
Consolidated Income Statement
Million yen
Fiscal year ended March 31, 2023 Fiscal year ended March 31, 2024
Net sales

41,894

44,127

Cost of sales

29,307

29,699Gross profit

12,587

14,428Selling, general and administrative expenses

10,334

11,023Operating income

2,253

3,404

Interest income

412Dividend income

911

Rent income

101

97

Gain on sales of scrap
Foreign exchange gains

186
130

156
290

Other

69

100

Total non-operating income

503

668

Commission fee

211
59

269
119

Bond issuance costs

20

41

Other

63

61

Non-operating income

Non-operating expenses
Interest expenses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets

355

492

2,400

3,580

45

55

Gain on sales of investment securities

1-

Total extraordinary income

46

55

Loss on retirement of non-current assets
Provision of allowance for doubtful accounts
for subsidiaries and associates

39

1

36

88

Loss on valuation of stocks of subsidiaries and affiliates
Loss on valuation of investments in capitalof subsidiaries and associates

91

-

99

-

Extraordinary losses-

16

Impairment loss
System Failure Handling Costs

43

343
-

Total extraordinary loss

310

449

Profit before income taxes

2,136

3,186

642
18

1,187
100

661

1,287

1,475

1,898

Loss on liquidation of subsidiaries and associates

Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6

14

10

1,460

1,887

FOR TRANSLATION PURPOSE ONLY
Consolidated Statement of Comprehensive Income
Million yen
Fiscal year ended March 31, 2023 Fiscal year ended March 31, 2024
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income (loss)

1,475

1,898

6
4
269
30

72
1
85
43

311

203

Comprehensive income

1,786

2,101

(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to minority interests

1,771
14

2,091
10

7

FOR TRANSLATION PURPOSE ONLY
(3) Consolidated Statement of Changes in Shareholders' Equity
Previous consolidated fiscal year (From April 1, 2022 to March 31, 2023)(Unit: Million yen)
Shareholders' equity
Capital stock
Balance at the beginningof current period

Capital surplus

1,052

Retained earnings

1,910

Treasury stock

15,705

Total shareholders' equity(3)

18,665

Changes during the period
Issuance of new shares(Exercise of new sharesacquisition rights)-

Dividends from Surplus

(652)

(652)

Profit attributable to ownersof parent

1,460

1,460
-

Purchase of Treasury Stock
Changes in the Scopeof Consolidation
Changes in items other thanshareholders' equity (net)Total changesof items during the period
Balance at the endof current period

-

-

808

-

808

1,052

1,910

16,514(3)

19,473

Accumulated other comprehensive income (loss)

Balance at the beginningof current period

Valuationdifference
on availablefor-salesecurities

Deferred
gains orlosses onhedges55(6)Foreign
Remeasureme
currency
nts oftranslation
definedadjustments benefit plans

98

(39)

Total
accumulated
othercomprehensive
income (loss)

Stockacquisitionrights

Noncontrollinginterests

Total net assets

108

384

179

19,337

Changes during the period
Issuance of new shares(Exercise of new sharesacquisition rights)-

Dividends from Surplus(652)

Profit attributable to ownersof parent

1,460

Purchase of Treasury Stock-

Changes in the Scopeof Consolidation
Changes in items other thanshareholders' equity (net)Total changesof items during the period
Balance at the endof current period

6

4

269

30

311

50

14

376

6

4

269

30

311

50

14

1,184

62

(1)

368

(9)

419

434

194

20,522

8

FOR TRANSLATION PURPOSE ONLY
Current consolidated fiscal year (From April 1, 2023 to March 31, 2024)(Unit: Million yen)
Shareholders' equity
Capital stock
Balance at the beginningof current period

Capital surplus

1,052

Retained earnings

1,910

Treasury stock

16,514

Total shareholders' equity(3)

19,473

Changes during the period
Issuance of new shares(Exercise of new sharesacquisition rights)-

Dividends from Surplus

(652)

(652)

Profit attributable to ownersof parent

1,887

1,887
(0)

Purchase of Treasury Stock
Changes in the Scope ofConsolidation
Changes in items other thanshareholders' equity (net)Total changesof items during the period
Balance at the endof current period

(0)

138

138
-

-

-

1,374

(0)

1,374

1,052

1,910

17,888(3)

20,847

Accumulated other comprehensive income (loss)

Balance at the beginningof current period

Valuationdifference
on availablefor-salesecurities

Deferred
gains orlosses onhedges62(1)Foreign
Remeasurem
currency
ents oftranslation
definedadjustments benefit plans

368

(9)

Total
accumulated
othercomprehensiv
e income(loss)

419

Stockacquisitionrights

Noncontrollinginterests

Total net assets

434

194

20,522

Changes during the period
Issuance of new shares(Exercise of new sharesacquisition rights)-

Dividends from Surplus(652)

Profit attributable to ownersof parent

1,887

Purchase of Treasury Stock(0)

Changes in the Scopeof Consolidation
Changes in items other thanshareholders' equity (net)Total changesof items during the period
Balance at the endof current period

138
72

1

85

43

203

50

6

260

72

1

85

43

203

50

6

1,635

134

(0)

453

34

622

485

201

22,157

9

FOR TRANSLATION PURPOSE ONLY
(4) Consolidated Statements of Cash Flows(Unit: Million yen)
Fiscal year ended March 31, 2023 Fiscal year ended March 31, 2024
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Loss on retirement of assets for rent
Loss on sales of assets for rent
Purchase of assets for rent
Increase (decrease) in allowancefor doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability
Share-based compensation expenses
Interest and dividend income
Interest expenses
Foreign exchange gains (losses)
Loss (gain) on sales of property, plant and equipment
Loss on retirement of property, plant and equipment
Loss (gain) on sales of investments securities
Loss on valuation of sharesof subsidiaries and associates
Loss on valuation of investments
in capital of subsidiaries and associates
Loss (gain) on liquidation of subsidiaries and associates
Decrease (increase) in notes
and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes
and accounts payable - trade
Other

2,136
5,140
22
50
(922)

3,186
5,430
343
7
81
(1,634)

53

65

128
(6)
50
(14)
211
(134)
(45)
39
(1)

96
5
50
(23)
269
(296)
(55)
1
-

91

-

99

-

-

16

(525)

(306)

(5,688)(6,398)

143

(583)

49

484

Subtotal

880

740Interest and dividend income received
Interest expenses paid
Income taxes paid

14
(212)
(696)

23
(259)
(686)

Net cash provided by (used in) operating activities

(14)

(180)

10

FOR TRANSLATION PURPOSE ONLY
(Unit: Million yen)
Fiscal year ended March 31, 2023 Fiscal year ended March 31, 2024
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Payments of loans receivableCollection of loans receivable

(667)
460
(938)
183
(113)
(46)
17
(103)
1

(654)
867
(3,416)
119
(100)
(4)
2

Net cash provided by (used in) investing activities(1,205)(3,187)

1,234

15

(368)
6,060
(6,006)
1,177(1,047)
(652)
-

(356)
8,500
(5,971)
2,434(1,167)
(0)
(652)
(4)

398

2,798

74

75

Cash flows from financing activities
Net increase (decrease)in short-term loans payable
Repayments of lease obligations
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Purchase of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
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

(747)

(495)

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting from
inclusion of subsidiaries in consolidation

8,516

7,768

-

186

Cash and cash equivalents at end of period

7,768

7,460

11

FOR TRANSLATION PURPOSE ONLY
(5) Notes to the Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Change in the Scope of Consolidation or Application of Equity Method)
From the current consolidated fiscal year, ECO-TRY Co., Ltd., which was previously a non-consolidated subsidiary, has been
included in the scope of consolidation due to increased significance.
(Segment information)
1.

Overview of Reporting Segments
Our group's reporting segments are units for which separate financial information is available, and they are regularly reviewed by the

Board of Directors to determine resource allocation and assess performance. Our group consists of three reporting segments: the Sales
Business, which focuses on the manufacture and sale of construction temporary equipment, the Rental Business, which focuses onrenting construction temporary equipment, and the Overseas Business, which focuses on the sale and rental of construction temporary
equipment overseas.
2.

Calculation Method for Revenue, Profit, or Loss by Reporting Segment
The accounting treatment of the reported business segments follows the accounting policies adopted to prepare the consolidated

financial statements.
The profit of the reporting segments is based on operating profit.
Internal revenues and transfers between segments are based on market prices.
Assets are not allocated to business segments, but depreciation expenses are allocated.
3.

Information on Revenue, Profit or Loss for Each Reporting Segment and Revenue Breakdown Information

Previous Consolidated Fiscal Year (From April 1, 2022, to March 31, 2023)(Million yen)
Adjustment(Note 1&2)

Sales Business

Rental Business

Overseas Business

12,924

13,246

3,426

29,596-

29,596-

11,430867

12,297-

12,297

12,924

24,676

4,293

41,894-

41,894

232

38

4,693

4,963

(4,963)-

Total

13,157

24,714

8,986

46,858(4,963)41,894

Segment income

1,189

2,610

404

4,204

(1,951)

2,253

344

3,940

537

4,822

318

5,140

Net sales
Income from contracts
with customers
Other income
Net sales to externalcustomers
Intersegment sales andtransfers Net sales ortransfer amount

Total

Amount allocatedon consolidated
statements ofincome(Note 3)

Other Items
Depreciation and Amortization
ExpenseNotes 1. The segment profit adjustment amount of (1,951) million yen includes the elimination of inter-segment transactions of 244
million yen and company-wide expenses of (2,195) million yen that are not allocated to each reporting segment. Company-wide
expenses are mainly general and administrative expenses that do not belong to the reporting segment.
2. The adjustment amount of 318 million yen for depreciation and amortization expense pertains to depreciation andamortization expenses related to company-wide assets that do not belong to any specific reporting segment.
3. Segment income is adjusted with operating income on the quarterly consolidated income statement.
4. Other income includes lease income based on ASBJ Statement No. 13, "Accounting Standard for Lease Transactions."

12

FOR TRANSLATION PURPOSE ONLY
The current consolidated fiscal year (from April 1, 2023, to March 31, 2024)(Million yen)
Adjustment(Note 1&2)

Sales Business

Rental Business

Overseas Business

12,48715,0293,092

30,608-30,608-13,123395

13,519-13,51912,48728,152

3,488

44,127-

44,127

110

61

4,409

4,581

(4,581)-

Total

12,59728,214

7,897

48,709(4,581)

44,127

Segment income

1,701

3,691

320

5,713

(2,308)

3,404

376

4,226

525

5,128

302

5,430

Net sales
Income from contracts withcustomers
Other income
Net sales to externalcustomers
Intersegment sales andtransfers
Net sales or transfer amount

Total

Amount allocatedon consolidated
statements ofincome(Note 3)

Other Items
Depreciation and Amortization
ExpenseNotes 1. The segment profit adjustment amount of (2,308) million yen includes inter-segment transaction elimination of 155
million yen and company-wide expenses of (2,464) million yen not allocated to each reporting segment. Company-wide
expenses are mainly general and administrative expenses that do not belong to the reporting segment.
2. The adjustment amount of 302 million yen for depreciation and amortization expense pertains to depreciation andamortization expenses related to company-wide assets that do not belong to any specific reporting segment.
3. Segment income is adjusted with operating income on the quarterly consolidated income statement.
4. Other income includes leasing income, etc. based on Corporate Accounting Standard No. 13 “Accounting Standard forLease Transactions”.

13FOR TRANSLATION PURPOSE ONLY(Per share information)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Net assets per share

427.08 yen

460.95 yen

Net income per share

31.36 yen

40.53 yen

Diluted earnings per share

30.28 yen

39.00 yen

Notes: 1. The basis for calculation of net income per share and diluted net income per share is as follows.
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Net income per share
Profit attributable to owners of parent (Million yen)

1,460

1,887

-

-

1,460

1,887

46,57846,578

-

-

1,650

1,824

1,650

1,824

Amount not attributable tocommon shareholders (Million yen)
Profit attributable to ownersof parent applicable to common stock (Million yen)
Average number of shares of common stockduring the period (Thousand shares)
Diluted earnings per share
Adjusted profit attributable to owners of parent(Million yen)
Increase in number of common stocks(Thousand shares)
number of shares with subscription rights(Thousand shares)
Summary of residual securities not included in
calculating diluted earnings per share, because of
having no dilution effect--Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

20,522

22,157

2. The basis for the calculation of net assets per share is as follows.

Total net assets (Million yen)
Deduction from total net assets (Million yen)

629

686

With subscription rights (Million yen)

434

485

For non-controlling shareholders (Million yen)

194

201

End of period net assets applicable to common stock(Million yen)

19,892

21,470End of period number of share used for calculating
net assets per share (Thousand shares)

46,57846,578(Significant subsequent events)
Not applicable14