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 Year Ended March 31, 2024
[Japanese GAAP]
April 26, 2024
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 DivisionPhone: +81-82-291-9730
Scheduled date of Annual General Meeting of Shareholders: June 25, 2024
Scheduled date of commencing dividend payments: June 26, 2024
Scheduled date of filing annual securities report: June 26, 2024
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual 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 Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(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%
Fiscal year ended
March 31, 2024
201,025
6.3
11,94742.9
12,742
7,937
March 31, 2023
189,032(0.9)
8,361(19.8)(1,905)(6,913)(Note) Comprehensive income:Fiscal year ended March 31, 2024:¥18,993 million [-%]
Fiscal year ended March 31, 2023:¥(7,136) million [-%]
Basic earnings per Diluted earnings per Rate of return onshareshareequity

Ordinary profit tototal assets ratio

YenYen%Fiscal year ended
March 31, 2024
145.37145.293.9March 31, 2023
(125.62)(3.4)(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2024:
Fiscal year ended March 31, 2023:

Operating profit tonet sales ratio%%

4.6(0.7)¥¥

5.9
4.4(294) million(12,565) million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2024
March 31, 2023
(Reference) Equity:

Net assets

Millions of yen

280,542
272,514
As of March 31, 2024:
As of March 31, 2023:

Capital adequacy ratio

Millions of yen¥¥213,921
202,069
211,036 million
199,374 million

Net assets per share%

Yen

75.2
73.2

3,893.07
3,638.70(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

13,721
6,181(6,098)
4,843(7,316)(7,512)

29,84529,403

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total
dividends

Total

Fiscal year ended

Yen

Yen

Yen

Yen

March 31, 2023

-

52.00

-

52.00

104.00March 31, 2024

-

52.00

-

52.00

104.00

-

60.00

-

60.00

120.00

Payoutratio(consolidated)

Yen Millions of yen

Dividends
to netassets(consolidated)

%

%

5,719

-

2.7

5,669

71.5

2.7

Fiscal year ending
March 31, 2025

73.9(Forecast)
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.)
Profit attributable to Basic earnings perNet sales
Operating profit
Ordinary profit
owners of parent
share
Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

210,000

4.5

12,5004.6

14,300

12.2

8,800

10.9

162.34* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): Yes
New(Company name:)
Exclusion:
1(Company name: CHUDENKO ASIA PTE. LTD.
)
(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2024:
58,138,117 shares
March 31, 2023:
58,138,117 shares
2) Number of treasury shares at the end of the period:
March 31, 2024:
3,929,901 shares
March 31, 2023:
3,345,336 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2024:
Fiscal Year ended March 31, 2023:

54,604,057 shares
55,036,307 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
Net income
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
March 31, 2024
157,147
6.0
9,819
47.9
11,01420.5
7,841
March 31, 2023
148,235(3.1)
6,638(24.1)
9,137(13.9)(7,967)
Basic earnings per share Diluted earnings per share
Fiscal year ended
March 31, 2024
March 31, 2023

YenYen143.61(144.76)

143.53-(2) Non-consolidated Financial Position
Total assets
Millions of yen
As ofMarch 31, 2024
255,129
March 31, 2023
248,785(Reference) Equity: As of March 31, 2024:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen

201,763
193,294
201,699 million
193,230 million¥¥

Net assets per share

%

Yen

79.1
77.7

3,720.84
3,526.58

2. Non-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.)
Basic earnings perNet sales
Operating profit
Ordinary profit
Net incomeshare
Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen164,000

4.4

10,4005.9

12,200

10.8

8,500

8.4

156.80