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 Nine Months Ended September 30, 2023
[Japanese GAAP]
November 8, 2023
Company name:
Altech Corporation
Stock exchange listing: Tokyo
Code number:
4641
URL
https://www.alpsgiken.co.jp/
Representative:
Atsushi Imamura
Contact:
Nobuyuki Watanabe
Phone:+81-42(774)3333
Scheduled date of filing quarterly securities report:Scheduled date of commencing dividend payments:
Availability of supplementary briefing material on quarterly financial results:
Schedule of quarterly financial results briefing session:

President
Senior Managing Director General Manager
November 9, 2023
－No
No
(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Nine Months Ended September 30, 2023 (January 1, 2023 to September 30, 2023)(1)
Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales

Operating profit

Millions of yen

Nine months endedSeptember 30, 2023:
September 30, 2022:(Note) Comprehensive income:

34,186%

Millions of yen%

Millions of yen%

Millions of yen%

6.5

3,542

0.8

3,597

3.1

2,537

5.72,402
10.8%](0.9)%]

5.6

32,105
13.7
3,514
38.8
Nine months ended September 30, 2023:
Nine months ended September 30, 2022:

Basic earnings pershare
Nine months ended
September 30, 2023:
September 30, 2022:

Profit attributable toowners of parent

Ordinary profit

3,487
2.6
¥ 2,685 million¥ 2,424 million

Diluted earnings
per shareYen

Yen

126.94－119.10－(2) Consolidated Financial Position
Total assets

As ofNet assets

Capital adequacy ratio

Millions of yen

Millions of yen%

September 30, 2023:
25,435
December 31, 2022:
24,274(Reference) Equity: As of September 30, 2023 :As of December 31, 2022 :

15,70915,741¥15,662 million¥15,687 million

61.6
64.6

1[[2. Dividends
1stquarter-end

Annual dividends
3rdquarter-end

2ndquarter-end

Year-end

TotalYen

Yen

Yen

Yen

Yen

Fiscal year ended December 31, 2022－

38.00－47.0085.00

Fiscal year ending December 31, 2023

－52.00

－
43.00

95.00

Fiscal year ending December 31, 2023
(Forecast)(Note 1) Revision to the forecast for dividends announced most recently:
No(Note 2) Breakdown of the 2nd quarter dividend for the fiscal year ending December 31, 2023:
Ordinary dividend
42 yenCommemorative dividend
10 yen3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2023
(January 1, 2023 to December 31, 2023)(% indicates changes from the previous corresponding period.)

Net sales
Millions of yen

Operating profit%

Millions of yen

Profit attributable toowners of parent

Ordinary profit%

Millions of yen

Basic earnings
per share%

Millions of yen%

Yen

Full year
46,600
6.8
5,000
7.5
5,060
10.9
(Note) Revision to the financial results forecast announced most recently:
No

3,420

0.1

169.62* Notes:(1) Changes in significant subsidiaries during the nine months ended September 30, 2023:(changes in specified subsidiaries resulting in changes in scope of consolidation): Yes
New:(Company name: )Exclusion:
1(Company name: PANA R&D CO., LTD.
)
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: No(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:

No

4)

Retrospective restatement:No(4) Total number of issued shares (common shares)
1)

2)

3)

Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:

21,746,675 shares

December 31, 2022:

21,746,675 shares

Number of treasury shares at the end of the period:
September 30, 2023:

1,875,372 shares

December 31, 2022:

1,600,065 shares

Average number of shares outstanding during the period:
Nine months ended September 30, 2023:

19,993,022 shares

Nine months ended September 30, 2022:

20,167,480 shares

2Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Thousands of yen)
As of December 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other

As of September 30, 2023

10,696,566

11,176,215

6,622,872

6,481,709

1,074
238,00357,597535,665

1,074
387,501
76,489722,813

18,151,780

18,845,803

Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net

3,301,101(1,737,179)
1,563,922

3,360,723(1,854,953)
1,505,770

Land
Other
Accumulated depreciation
Other, net

1,527,337
560,786(473,658)
87,127

1,541,637
690,802(498,896)
191,905

Total property, plant and equipment

3,178,388

3,239,312

243,122
141,115384,237

180,113
133,434
313,548

Investment securities
Shares of subsidiaries and associates
Deferred tax assets
Other

1,049,802
32,218862,242
661,449994,689
32,2181,501,872
507,781

Accumulated depreciation(45,592)－

Total current assets
Non-current assets

Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets

Other, net
Total investments and other assets
Total non-current assets
Total assets

3615,857

507,7812,560,120
6,122,746
24,274,526

3,036,561
6,589,422
25,435,226

(Thousands of yen)
As of December 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other

As of September 30, 2023

459,100
274,391
1,978,431
897,393
1,704,119

376,273
233,550
1,451,510
1,227,205
3,564,431

28,497

23,6252,791,114

2,514,401

Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Retirement benefit liability
Other8,133,048

9,390,997

45,276
4,012
177,916
172,331

24,908
4,318
162,560
142,977

Total non-current liabilities
Total liabilities
Net assets

399,535
8,532,583

334,765
9,725,762

2,347,163
2,784,651
11,973,136(1,987,433)

2,347,163
2,798,742
12,530,825(2,739,120)

385,442
184,722570,165

460,950
263,670
724,621

Non-controlling interests
Total net assets

54,25915,741,94347,231
15,709,463

Total liabilities and net assets

24,274,526

25,435,226

Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income

15,117,517

4

14,937,611

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Thousands of yen)
For the nine months ended
September 30, 202232,105,070
24,539,922
7,565,148

For the nine months ended
September 30, 2023
34,186,961
26,253,119
7,933,842

4,050,950
3,514,197

4,391,435
3,542,406

Interest income
Dividend income
Subsidy income
Foreign exchange gains

5,133
20,822
130,509

6,518
16,137
12,786－24,014

Other

66,24185,140Total non-operating income
Non-operating expenses
Interest expenses
Donations
Foreign exchange losses

222,706

144,597

2,179
200,000

833
61,531

16,933－

Other
Total non-operating expenses

30,262
249,375

27,27789,642

3,487,528

3,597,360

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Donation income
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment losses
Total extraordinary losses

101364－

257,611300,000－

300,101

257,975

830

128,330－

128,338

30

Profit before income taxes
Income taxes - current
Income taxes - deferred

3,659,291
1,970,798(710,147)

Total income taxes

1,260,651

ProfitProfit/(loss) attributable to non-controlling interests

2,398,639

3,855,305
1,947,260(625,059)

Profit attributable to owners of parent

2,402,016(3,376)

5

1,322,201
2,533,103(4,807)2,537,910

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Thousands of yen)
For the nine months ended
September 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

6

For the nine months ended
September 30, 2023

2,398,639

2,533,103(88,425)
113,873
25,44775,50776,726
152,234

2,424,087

2,685,338

2,428,912

2,692,366(4,825)(7,027)