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]
October 31, 2023
Company name: CHUDENKO CORPORATION
Stock exchange listing: Tokyo
Code number: 1941
URL: https://www.chudenko.co.jp
Representative: Shigeto Takafumi
Representative Director and President
Contact: Nagaoka Shu
Executive Officer, General Manager of Accounting Department, Planning Division
Phone: +81-82-291-9730
Scheduled date of filing quarterly securities report: November 14, 2023
Scheduled date of commencing dividend payments: November 30, 2023
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes (For institutional investors and analysts)(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 toNet 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
82,699
4.0
1,479
36.5
1,451(39.6)
577(55.7)
September 30, 2022
(Note) Comprehensive income:

79,5153.1
1,084(58.9)
Six months ended September 30, 2023:¥
Six months ended September 30, 2022:¥Basic earnings
per share

Six months ended
September 30, 2023
September 30, 2022

2,403
(27.5)
4,678 million
135 million

Diluted earnings pershareYen

Yen

10.54
23.63

10.53
23.61

(2) Consolidated Financial Position
Total assets
As ofSeptember 30, 2023
March 31, 2023
(Reference) Equity:

Net assets

Capital adequacy ratio

Millions of yen

Millions of yen%259,402203,920

77.6

202,069
201,228 million
199,374 million

73.2

272,514
As of September 30, 2023:
As of March 31, 2023:

¥¥

1,303
[[(20.9)-%](92.5) %]2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

52.00

-

52.00

104.00Fiscal year ending March 31, 2024

-

52.00
-

52.00

104.00Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

No

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 parentper share
Millions of yen% Millions of yen% Millions of yen

Full year
205,000
8.4
10,50025.6(Note) Revision to the financial results forecast announced most recently:

12,100No* 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--

138.657,600

No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(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):
September 30, 2023:
58,138,117 shares
March 31, 2023:
58,138,117 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
3,323,388 shares
March 31, 2023:
3,345,336 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

54,800,961 shares
55,145,869 shares))
Yes