Disclaimer: This document is an English translation of the original document in Japanese and has been
prepared solely for reference purposes. In the event of any discrepancy between this English
translation and the original in Japanese, the original shall prevail in all respects.

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Japanese GAAP]May 15, 2024
Company name: OVAL Corporation
Stock exchange listing: Tokyo Stock Exchange
Code number: 7727
URL: https://www.oval.co.jp
Representative: Jun Tanimoto, President and Representative Director
Contact: Yoshio Asanuma, Director and Managing Executive Officer, in charge of the Administration Department
Phone: +81-3-3360-5061
Scheduled date of general shareholders’ meeting: June 27, 2024
Scheduled date of commencing dividend payments: June 28, 2024
Scheduled date of filing securities report: June 27, 2024
Availability of supplementary explanatory materials on annual financial results: Available
Schedule of annual financial results briefing session: Scheduled (for 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 - 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
Fiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2024
14,347
7.8
1,475
33.5
1,572
28.1
1,102
69.8
March 31, 2023
13,312
19.5
1,105
299.1
1,228
161.5
649
127.0
(Note) Comprehensive income: Fiscal year ended March 31, 2024: ¥1,368 million [46.3%]
Fiscal year ended March 31, 2023: ¥935 million [64.7%]
Ratio ofRatio ofEarnings
Diluted earnings
Return onordinary profit
operating profit
per shareper shareequity
to total assets
to net sales
Fiscal year endedYenYen%%%March 31, 2024
49.20
–
7.7
6.9
10.3
March 31, 2023
28.98
–
4.8
5.6
8.3
(Reference) Share of profit (loss) of entities accounted for using equity method:
Fiscal year ended March 31, 2024: ¥11 million
Fiscal year ended March 31, 2023: ¥9 million(2) Consolidated Financial Position
Total assets

Net assets

Million yen23,451
As of March 31, 2024
22,365
As of March 31, 2023
(Reference) Equity: As of March 31, 2024: ¥14,912 million
As of March 31, 2023: ¥13,865 million

Equity ratio

Net assets per share

Million yen%

Yen

15,364
14,28263.6
62.0

665.60618.87(3) Consolidated Cash Flows

Fiscal year ended
March 31, 2024
March 31, 2023

Cash and cash
equivalents
at year-end

Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Million yen

Million yen

Million yen

Million yen

1,002
617

(172)
(379)

(683)
(574)3,197
2,963

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2. Dividends
1stquarterend
Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)

Annual dividends
2nd
3rdYearquarter- quarterend
end
end

Total

Total
dividends(annual)Ratio ofPayout ratio dividends to(consolidated)
net assets(consolidated)

Yen

Yen

Yen

Yen

Yen

Million yen%%

–

4.00

–

5.00

9.00

201

31.1

1.5

–

7.00

–

7.00

14.00

313

28.5

2.2

–

7.00

–

8.00

15.00

38.2

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 March 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributableEarnings
Net sales
Operating profit
Ordinary profit
to owners
per shareof parent
Full year

Million yen

14,000%(2.4)

Million yen% Million yen

1,300 (11.9)

1,400% Million yen(11.0)

880%(20.2)* Notes:(1) Changes in significant subsidiaries during the fiscal year under review (changes in specified subsidiaries
resulting in changes in scope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(3) Total number of shares issued (common shares)
1) Total number of shares issued at the end of the year (including treasury shares):
March 31, 2024:
26,180,000 shares
March 31, 2023:
26,180,000 shares2) Total number of treasury shares at the end of the year:
March 31, 2024:3,776,045 shares
March 31, 2023:
3,776,043 shares
3) Average number of shares during the year:
Fiscal year ended March 31, 2024:
Fiscal year ended March 31, 2023:

22,403,956 shares
22,403,985 shares

2

Yen

39.28

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31,2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
ProfitFiscal year ended
Million yen%
Million yen%
Million yen%
Million yen%March 31, 2024
12,052
4.3
1,058
24.8
1,293
21.9
955
56.4
March 31, 2023
11,557
15.7
848
193.4
1,060
107.1
611
136.0

Fiscal year ended
March 31, 2024
March 31, 2023

Earnings
per share

Diluted earnings
per share

Yen

Yen

42.66
27.29

––(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen

As of March 31, 2024
19,292As of March 31, 2023
18,416(Reference) Equity: As of March 31, 2024: ¥12,530 million
As of March 31, 2023: ¥11,788 million

Equity ratio

Net assets per share

Million yen%

Yen

12,53011,78865.0
64.0

559.31526.17* These consolidated financial results are outside the scope of audit by certified public accountants or an audit firm.
* Explanation of the proper use of financial results forecast and other notes
The financial results forecasts are based on information currently available to the Group as of the date ofannouncement of this document. Actual results may differ from these forecasts due to various factors in thefuture.
(How to obtain supplementary explanatory materials on annual financial results)
Supplementary explanatory materials on annual financial results will be posted on the Company’s website after
the annual financial results briefing session scheduled on Thursday, June 6.

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