‭Translation‬‭Notice:‬ ‭This‬ ‭document‬ ‭is‬ ‭an‬ ‭excerpt‬ ‭translation‬‭of‬‭the‬‭original‬‭Japanese‬‭document‬‭and‬‭is‬‭only‬‭for‬‭reference‬‭purposes.‬‭In‬‭the‬‭event‬‭of‬‭any‬‭discrepancy between this translated document and the original Japanese document, the latter shall prevail.‬‭Summary of Consolidated Financial Results‬‭for the Nine Months Ended June 30, 2024‬‭(Based on Japanese GAAP)‬‭August 14, 2024‬‭ ompany name:‬C‭Kufu Company Inc.‬‭Stock exchange listing:‬ ‭Tokyo‬‭Stock code:‬‭4376‬‭URL https://kufu.company/‬‭Director & Representative Executive‬‭Representative:‬‭Officer‬‭Inquiries:‬‭Director & Executive Officer‬‭Scheduled date to commence dividend payments:‬‭Preparation of supplementary material on financial results:‬‭Holding of financial results meeting:‬‭Yoshiteru Akita‬J‭ un Kanma‬
‭–‬
‭Yes‬
‭No‬

‭TEL 03-6264-2323‬‭(Amounts less than one million yen are rounded down)‬‭1. Consolidated financial results for the nine months ended June 30, 2024 (from October 1, 2023 to June 30, 2024)‬‭(1) Consolidated operating results (cumulative)‬‭Percentages indicate year-on-year changes‬‭Profit attributable to‬‭Net sales‬‭Operating profit‬‭Ordinary profit‬‭owners of parent‬‭Millions of yen‬‭%‬ ‭Millions of yen‬‭%‬ ‭Millions of yen‬‭%‬ ‭Millions of yen‬‭%‬
‭Nine months ended June 30, 2024‬‭11,515‬ ‭(27.1)‬‭343‬ ‭(78.7)‬‭249‬ ‭(83.3)‬‭4‬ ‭(99.2)‬‭Nine months ended June 30, 2023‬‭15,789‬ ‭18.7‬‭1,608‬ ‭59.9‬‭1,497‬ ‭61.0‬‭573‬ ‭145.0‬‭（Note) EBITDA (operating profit + depreciation and amortization): Nine months ended June 30, 2024: 1,133 million yen [(52.6)%]‬‭Nine months ended June 30, 2023: 2,389 million yen [34.8%]‬‭ ine months ended June 30, 2024‬
N‭Nine months ended June 30, 2023‬‭Earnings per share‬‭Yen‬‭0.08‬‭10.04‬‭Diluted earnings per share‬‭Yen‬‭0.08‬‭10.00‬‭Total assets‬‭Millions of yen‬
‭17,453‬‭20,973‬‭ et assets‬
N‭Millions of yen‬
‭10,333‬‭11,596‬‭(2) Consolidated financial position‬‭ s of June 30, 2024‬A‭As of September 30, 2023‬‭Equity ratio‬‭%‬5‭ 7.5‬
‭48.0‬‭2. Cash dividends‬‭ ear ended September 30, 2023‬
Y‭Year ending September 30, 2024‬‭Year ending September 30, 2024‬‭(Forecast)‬‭1st quarter-end‬
‭Yen‬
‭–‬
‭–‬

‭ nnual dividends per share‬A‭2nd quarter-end‬‭3rd quarter-end‬‭Fiscal year-end‬
‭Yen‬
‭Yen‬
‭Yen‬
‭0.00‬‭–‬‭0.00‬‭0.00‬‭–‬‭0.00‬‭3. Forecast of consolidated financial results for the year ending September 30, 2024 (from October 1, 2023 to September 30, 2024)‬‭Percentages indicate year-on-year changes‬‭Net sales‬‭Full year‬‭Operating profit‬‭Millions of‬‭%‬‭yen‬‭16,000‬ ‭(21.9)‬‭Millions of‬‭%‬‭yen‬‭700‬ ‭(62.8)‬‭1‬‭EBITDA‬‭Millions of‬‭%‬‭yen‬‭1,800‬ ‭(38.5)‬‭Total‬‭Yen‬‭ .00‬
0‭0.00‬

‭4. Notes‬‭(1) Significant changes in the scope of consolidation during the nine months ended June 30, 2024:‬‭(2) Application of special accounting methods for preparing quarterly consolidated financial statements:‬

‭Yes‬
‭No‬

‭(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements‬‭Changes in accounting policies due to revisions to accounting standards and other regulations:‬‭No‬‭Changes in accounting policies due to other reasons:‬‭No‬‭Changes in accounting estimates:‬‭No‬‭Restatement of prior period financial statements:‬‭No‬‭(4) Number of issued shares (common shares)‬‭Total number of issued shares at the end of the period (including treasury shares)‬‭As of June 30, 2024‬‭64,177,595‬ ‭shares‬ ‭As of September 30, 2023‬‭Number of treasury shares at the end of the period‬‭As of June 30, 2024‬‭3,892,849‬ ‭shares‬ ‭As of September 30, 2023‬‭Average number of shares during the period (cumulative from the beginning of the fiscal year)‬‭Nine months ended June 30, 2024‬‭59,785,942‬ ‭shares‬ ‭Nine months ended June 30, 2023‬‭2‬‭58,301,719‬ ‭shares‬‭292,268‬ ‭shares‬‭57,116,225‬ ‭shares‬‭Quarterly consolidated financial statements‬‭Consolidated balance sheets‬‭As of September 30, 2023‬‭(Millions of yen)‬‭As of June 30, 2024‬

9‭ ,405‬‭1,129‬
‭321‬
‭185‬
‭6‬
‭1,232‬‭1,334‬‭525‬‭(18)‬‭14,122‬‭4,455‬
‭839‬
‭57‬
‭294‬
‭15‬
‭1,243‬‭1,360‬‭2,419‬‭(32)‬‭10,653‬

‭669‬

‭438‬

‭3,591‬‭794‬‭4,386‬‭3,627‬‭939‬‭4,567‬

6‭ 27‬‭614‬‭780‬‭(226)‬‭1,795‬‭6,851‬‭20,973‬

5‭ 69‬‭700‬‭614‬‭(89)‬‭1,795‬‭6,800‬‭17,453‬‭Assets‬‭Current assets‬‭Cash and deposits‬‭Accounts receivable - trade‬‭Merchandise‬‭Work in process‬‭Raw materials and supplies‬‭Real estate for sale‬‭Operational investment securities‬‭Other‬‭Allowance for doubtful accounts‬‭Total current assets‬‭Non-current assets‬‭Property, plant and equipment‬‭Intangible assets‬‭Goodwill‬‭Other‬‭Total intangible assets‬‭Investments and other assets‬‭Investment securities‬‭Deferred tax assets‬‭Other‬‭Allowance for doubtful accounts‬‭Total investments and other assets‬‭Total non-current assets‬‭Total assets‬‭3‬‭As of September 30, 2023‬(‭ Millions of yen)‬‭As of June 30, 2024‬

‭823‬
‭4‬
‭5‬
‭2,272‬‭997‬‭457‬‭1,259‬
‭11‬
‭4‬
‭45‬
‭–‬
‭811‬
‭6,693‬

‭565‬
‭–‬
‭–‬
‭1,910‬‭674‬‭114‬‭1,519‬‭–‬‭4‬‭45‬‭13‬‭624‬‭5,472‬‭2,079‬
‭129‬
‭32‬
‭101‬
‭21‬

‭1,196‬
‭89‬
‭46‬
‭87‬
‭–‬

‭41‬

‭–‬

‭274‬
2‭ ,682‬‭9,376‬‭227‬
1‭ ,647‬‭7,120‬‭13‬
8‭ ,452‬‭1,739‬‭(132)‬‭10,073‬‭30‬
9‭ ,431‬‭1,744‬‭(1,208)‬‭9,997‬‭(13)‬‭18‬‭9‬(‭ 4)‬‭10‬‭1,517‬‭11,596‬‭20,973‬

‭ 4‬
1
‭32‬
‭3‬
‭298‬
‭10,333‬‭17,453‬‭Liabilities‬‭Current liabilities‬‭Accounts payable - trade‬‭Outstanding claims‬‭Policy reserve‬‭Short-term borrowings‬‭Current portion of long-term borrowings‬‭Income taxes payable‬‭Contract liabilities‬‭Provision for bonuses‬‭Provision for point services‬‭Correction related cost‬‭Provision for loss on business liquidation‬‭Other‬‭Total current liabilities‬‭Non-current liabilities‬‭Long-term borrowings‬‭Asset retirement obligations‬‭Deferred tax liabilities‬‭Provision for share awards‬‭Retirement benefit liability‬‭Provision for retirement benefits for directors‬‭(and other officers)‬‭Other‬‭Total non-current liabilities‬‭Total liabilities‬‭Net assets‬‭Shareholders' equity‬‭Share capital‬‭Capital surplus‬‭Retained earnings‬‭Treasury shares‬‭Total shareholders' equity‬‭Accumulated other comprehensive income‬‭Valuation difference on available-for-sale‬‭securities‬‭Foreign currency translation adjustment‬‭Total accumulated other comprehensive income‬‭Share acquisition rights‬‭Non-controlling interests‬‭Total net assets‬‭Total liabilities and net assets‬‭4‬‭ onsolidated statements of income (cumulative) and consolidated statements of comprehensive income‬C‭(cumulative)‬‭Consolidated statements of income (cumulative)‬‭(Millions of yen)‬‭Nine months ended‬‭Nine months ended‬‭June 30, 2023‬‭June 30, 2024‬‭Net sales‬‭15,789‬‭11,515‬‭Cost of sales‬‭8,194‬‭5,440‬‭Gross profit‬‭7,595‬‭6,074‬‭Selling, general and administrative expenses‬‭5,987‬‭5,731‬‭Operating profit‬‭1,608‬‭343‬‭Non-operating income‬‭Interest income‬‭1‬‭0‬‭Foreign exchange gains‬‭–‬‭16‬‭Insurance income‬‭17‬‭1‬‭Other‬‭17‬‭18‬‭Total non-operating income‬
‭36‬
‭37‬
‭Non-operating expenses‬‭Interest expenses‬
‭36‬
‭28‬
‭Commission expenses‬
‭46‬
‭20‬
‭Provision for doubtful accounts‬‭–‬‭20‬‭Foreign exchange losses‬‭1‬‭–‬‭Loss on equity method investment‬
‭44‬
‭55‬
‭Other‬‭19‬‭6‬‭Total non-operating expenses‬
‭147‬
‭131‬
‭Ordinary profit‬‭1,497‬‭249‬‭Extraordinary income‬‭Gain on sale of businesses‬‭–‬‭51‬‭Gain on sale of shares of subsidiaries‬‭–‬‭38‬‭Gain on reversal of provision for share awards‬‭17‬‭6‬‭Gain on reversal of provision for loss on relocation‬‭51‬‭–‬‭Other‬‭3‬‭3‬‭Total extraordinary income‬
‭72‬
‭98‬
‭Extraordinary losses‬‭Loss on retirement of non-current assets‬‭3‬‭33‬‭Impairment losses‬‭9‬‭29‬‭Provision for loss on business liquidation‬‭4‬‭33‬‭Loss on business liquidation‬‭10‬‭6‬‭Loss on litigation‬‭9‬‭7‬‭Other‬‭11‬‭8‬‭Total extraordinary losses‬
‭48‬
‭118‬
‭Profit before income taxes‬‭1,521‬‭229‬‭Income taxes - current‬
‭606‬
‭228‬
‭Income taxes - deferred‬
‭196‬
‭34‬
‭Total income taxes‬
‭803‬
‭262‬
‭Profit‬‭717‬‭(33)‬‭Profit attributable to non-controlling interests‬‭144‬‭(37)‬‭Profit attributable to owners of parent‬
‭573‬
‭4‬

‭5‬

‭Consolidated statements of comprehensive income (cumulative)‬‭ rofit‬P‭Other comprehensive income‬‭Valuation difference on available-for-sale securities‬‭Foreign currency translation adjustment‬‭Total other comprehensive income‬‭Comprehensive income‬‭Comprehensive income attributable to‬‭Comprehensive income attributable to owners of‬‭parent‬‭Comprehensive income attributable to‬‭non-controlling interests‬‭6‬‭Nine months ended‬‭June 30, 2023‬‭717‬(‭ Millions of yen)‬‭Nine months ended‬‭June 30, 2024‬‭(33)‬‭(412)‬‭0‬‭(412)‬
‭305‬

‭31‬
‭5‬
‭36‬
‭3‬

‭161‬

‭41‬

‭144‬

‭(37)‬