April 10, 2024

Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending August 31, 2024
(Six Months Ended February 29, 2024)[Japanese GAAP]
Company name: KOSHIDAKA HOLDINGS Co., LTD.

Listing: Tokyo Stock Exchange
2157
URL: https://www.koshidakaholdings.co.jp/
Hiroshi Koshidaka, Representative Director and President
Yoshihito Doi, Senior Executive Director
Tel: +81-570-666-425
Scheduled date of filing of Quarterly Report:
April 11, 2024
Scheduled date of payment of dividend:
May 9, 2024
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes (for analysts and institutional investors)
Stock code:
Representative:
Contact:(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Second Quarter Ended February 29, 2024 (Sep. 1, 2023 – Feb. 29, 2024)(1) Consolidated results of operations(Percentages are year-on-year changes)
Net sales

Operating profit

Million yen%

Million yen%

30,578
19.4
4,834
37.1
5,542
50.5
Six months ended Feb. 29, 2024
25,609
54.9
3,525
3,683
23.9
Six months ended Feb. 28, 2023
Note: Comprehensive income (million yen)Six months ended Feb. 29, 2024:
3,874 (up 56.1%)
Six months ended Feb. 28, 2023:
2,481 (up 35.5%)
Net income per share Diluted net income per share

3,896
2,499

55.9
32.7

Six months ended Feb. 29, 2024
Six months ended Feb. 28, 2023%

Million yen

Profit attributable toowners of parent

Ordinary profit%

Million yen

Yen

Yen

47.79
30.66

43.72
28.15

(2) Consolidated financial position
Total assets
As of Feb. 29, 2024
As of Aug. 31, 2023
Reference: Shareholders’ equity (million yen)

Net assets

Equity ratio

Million yen

Million yen%

59,18857,007
As of Feb. 29, 2024:

28,69725,394
28,68948.5
44.5
As of Aug. 31, 2023:

25,385

2. Dividends
1Q-endDividend per share
3Q-endYear-end

2Q-endYen

Fiscal year ended Aug. 31, 2023
Fiscal year ending Aug. 31, 2024
Fiscal year ending Aug. 31, 2024 (forecast)
Note: Revisions to the most recently announced dividend forecast: None

Total

Yen

Yen

Yen

Yen

5.00
7.00

-

7.00

12.00

-

7.00

14.00

3. Consolidated Earnings Forecast for the Fiscal Year Ending August 31, 2024 (Sep. 1, 2023 – Aug. 31, 2024)
Net sales
Million yen

Operating profit%

Million yen(Percentages are year-on-year changes)
Profit attributable to
Net income per shareowners of parent

Ordinary profit%

Million yen%

Million yen%

Yen

Full year
62,728
14.8
9,278
21.0
9,939
28.0
6,753
(5.0)
82.83
Note: Revisions to the most recently announced earnings forecast: Yes
For more information about revisions to the consolidated earnings forecast, see the April 10, 2024 press release titled “Notice ofForecast Revision for the Fiscal Year Ending August 31, 2024” (Japanese version only).

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scopeof consolidation): None
Newly added: -Excluded: -(2) Application of special accounting methods in the preparation of the quarterly consolidated financial statements: None

(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None

(4) Number of outstanding shares (common stock)1) Number of shares outstanding at the end of the period (including treasury shares)
As of Feb. 29, 2024:

82,300,000 shares

As of Aug. 31, 2023:

82,300,000 shares

As of Aug. 31, 2023:

767,376 shares

2) Number of treasury shares at the end of the period
As of Feb. 29, 2024:

767,377 shares

3) Average number of shares outstanding during the period
Six months ended Feb. 29, 2024:

81,532,623 shares

Six months ended Feb. 28, 2023:

81,532,681 shares* The current financial report is not subject to quarterly review by certified public accountants or auditing firms.
* Explanation of appropriate use of earnings forecasts, and other special items
Forecasts of future performance in these materials are based on assumptions judged to be valid and information available to theCompany’s management at the time the materials were prepared. These materials are not promises by the Company regarding future
performance. Actual results may differ significantly from these forecasts for a number of reasons. Please refer to page 4 of theattachments “(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements” for forecast assumptions
and notes of caution for usage.

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

Contents of Attachments
1. Qualitative Information on Quarterly Consolidated Financial Performance2(1) Explanation of Results of Operations

2(2) Explanation of Financial Position

3(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements

4

2. Quarterly Consolidated Financial Statements and Notes

5(1) Quarterly Consolidated Balance Sheet

5(2) Quarterly Consolidated Statements of Income and Comprehensive Income

7

Quarterly Consolidated Statements of Income
For the Six-month Period

7

Quarterly Consolidated Statements of Comprehensive Income
For the Six-month Period8(3) Quarterly Consolidated Statements of Cash Flows

9(4) Notes to Quarterly Consolidated Financial Statements

10

Going Concern Assumption

10

Significant Changes in Shareholders’ Equity

10

Segment and Other Information

10

Revenue Recognition

11

Material Subsequent Events

11

1

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Explanation of Results of Operations
In the first half of the current fiscal year, prices remained high as the rising cost of international logistics was added
to the effects of concerns involving the supply of energy and food. Major reasons are the prolonged Russo-Ukraine
war and the Israel-Hamas conflict in the Middle East and associated attacks on cargo vessels. In Japan, the yen ismoving up and down somewhat but remaining weak, which has an impact on prices, as U.S. and Japanese monetary
authorities consider the timing of a change in their policies.
While there are many sources of uncertainty, including the upcoming U.S. presidential election, slowing economic
growth in China and tension involving China and Taiwan, in Japan, foreign tourists have returned and salaries are
increasing, although mainly at large companies. With prices expected to increase steadily, Japan appears to beabout to end its “lost 30 years” with the Nikkei Average at a record high and other positive signs emerging.
Business segment performance is as follows. Beginning with the first quarter of the current fiscal year, the former
Bath House segment is moved to the newly established Other segment. This change was made because the size ofthe bath house business became much smaller following the closing of Tokyo Kenko Land Maneki-no-Yu BathHouse, which was the main facility of this business. In addition, food and beverage stores that do not include
karaoke and were previously included in the Karaoke segment have been mo ved to the Other segment. The
reclassified operations are four Gindaco Highball stores, one CAFÉ ECLA store and two locations using the new
Canop business model.
The year-on-year figures below have been reclassified into the new segments for comparison purposes.
Karaoke
The core Karaoke business continued to open many stores during the first half as 28 stores were added, including
11 locations in rather less cultivated Osaka and Nagoya regions. In addition, investments were made for new
equipment and other improvements at existing locations. The prices remained at about the same level following
price revisions during the first half of the previous fiscal year. Following continuous adjustments in prices to reflect
general price trends in Japan, sales per customer have been lower than planned but the number of customers has
exceeded the plan. As a result, sales in this business were generally as planned.
Many activities are under way to accomplish the medium-term corporate vision of “Entertainment as Infrastructure.”
Major initiatives are forms of entertainment other than karaoke, many types of content collaboration, and measures
to upgrade and expand recruiting and training activities. In addition, we have been developing and making progressin introducing DX to enhance operating efficiency and offer new types of entertainment. At some locations, theONOREC VK virtual character karaoke service was installed on a trial basis as a new private entertainment roommeasure. Furthermore, there were actions such as salary increases involving the Workstyle Innovation Plan in orderto strengthen the framework for business operations.
In other countries, store openings in Southeast Asia that resumed in the previous fiscal year continued. During thefirst half of the current fiscal year, three Karaoke Manekineko store were opened in Malaysia including one in thesecond quarter of this fiscal year, one in Thailand and another in Indonesia.
At the end of February 2024, the number of karaoke locations in Japan was 646, 26 more than at the end of theprevious fiscal year. The number of overseas karaoke stores was 22 in four countries, consisting of four in South
Korea, 13 in Malaysia, three in Thailand and two in Indonesia, five more than at the end of the previous fiscal year.
Sales in the Karaoke segment were 29,590 million yen, up 22.0% year on year, and there was a segment profit of
5,549 million yen, an increase of 1,484 million yen, up 36.5% year on year.
Real Estate Management
Occupancy was almost 100% at both of the major properties in this segment, the AQERU Maebashi commerce &business complex and the Fleuret Hanasaki Building in Yokohama. First half performance reflected the absence ofrevenue from Sport Nagoya, which was sold in the third quarter of the previous fiscal year, and new acquisition
expenses.

2

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

Sales in the Real Estate Management segment were 749 million yen, down 0.5% year on year, and the segment
profit was 40 million yen, a decrease of 88 million yen, down 68.5% year on year.
Other
In this segment, there was no revenue from Tokyo Kenko Land Maneki-no-Yu Bath House due to its closing in thefirst quarter of the current fiscal year. The performance of the five food and beverage stores moved to this segmentfrom the Karaoke segment improved.
Sales in the Other segment were 434 million yen, down 39.5% year on year, and the segment loss was 39 million
yen expanded from one year earlier.
Overall, the Koshidaka Group (KOSHIDAKA HOLDINGS Co., LTD. and its consolidated subsidiaries) had salesof 30,578 million yen, up 19.4% year on year. The operating profit was 4,834 million yen, up 37.1% year on year,
the ordinary profit was 5,542 million yen, up 50.5% year on year, and the profit attributable to owners of parent
was 3,896 million yen, up 55.9% year on year.
(2) Explanation of Financial Position
1) Assets, liabilities, and net assets
AssetsCurrent assets decreased 2,186 million yen (17.7%) to 10,187 million yen. This was mainly due to a decrease of
2,266 million yen in cash and deposits.
Property, plant and equipment increased 2,521 million yen (7.9%) to 34,553 million yen. This was mainly due toan increase of 2,158 million yen in buildings and structures, net because of new store openings.
Intangible assets increased 133 million yen (26.1%) to 644 million yen.
Investments and other assets increased 1,711 million yen (14.2%) to 13,802 million yen. This was mainly due toincreases of 594 million yen in leasehold and guarantee deposits and 316 million yen in investment securities.
Total non-current assets increased 4,366 million yen (9.8%) to 49,000 million yen.
As a result, total assets increased 2,180 million yen (3.8%) to 59,188 million yen.
Liabilities
Current liabilities decreased 1,057 million yen (7.6%) to 12,906 million yen. This was mainly due to decreases of
697 million yen in accounts payable-other, 310 million yen in income taxes payable and 463 million yen in othercurrent liabilities, while there was an increase of 354 million yen in deposits received.
Non-current liabilities deceased 65 million yen (0.4%) to 17,583 million yen. This was mainly due to a decreaseof 555 million yen in long-term borrowings and an increase of 481 million yen in asset retirement obligations.
As a result, total liabilities decreased 1,122 million yen (3.6%) to 30,490 million yen.
Net assets
Net assets increased 3,303 million yen (13.0%) to 28,697 million yen. This was mainly due to an increase of 3,325
million yen in retained earnings.
2) Cash flows
Cash and cash equivalents (hereinafter “net cash”) at the end of the second quarter of the current fiscal year
decreased 2,272 million yen from the end of the previous fiscal year to 5,582 million yen.
The cash flow components during the first half and the main reasons for changes are as described below.
Cash flows from operating activities
Net cash provided by operating activities totaled 5,181 million yen, compared with 4,936 million yen provided in
the same period of the previous fiscal year. Main factors include profit before income taxes of 5,410 million yen,3

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

depreciation of 2,064 million yen, and 2,049 million yen in income taxes paid.
Cash flows from investing activities
Net cash used in investing activities totaled 6,325 million yen, compared with 8,970 million yen used in the same
period of the previous fiscal year. Main factors include purchase of property, plant and equipment of 4,747 million
yen, payments of leasehold and guarantee deposits of 621 million yen, and purchase of investment securities of
318 million yen.
Cash flows from financing activities
Net cash used in financing activities totaled 1,062 million yen, compared with 2,419 million yen provided in thesame period of the previous fiscal year. Main factors include proceeds from long-term loans payable of 500 million
yen, repayments of long-term borrowings of 991 million yen and dividends paid of 570 million yen.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-looking Statements
While first half sales per customer were less than expected, the number of customers was more than expected.
Based on the outlook for no change in these trends in the second half, the fiscal year forecasts have been increased
to reflect first half sales and earnings that were higher than the forecasts.
Overall, we forecast consolidated net sales of 62,728 million yen, up 14.8% year on year, operating profit of 9,278
million yen, up 21.0% year on year, ordinary profit of 9,939 million yen, up 28.0% year on year, and profit
attributable to owners of parent of 6,753 million yen, down 5.0% year on year.
We have positioned (1) expansion of the store network and increase in the number of karaoke rooms, (2) provisionof various types of entertainment, and (3) recruitment and training of human resources as our three priority tasks
under our medium-term corporate vision, “Entertainment as Infrastructure” (Entertainment Infrastructure Plan).
Many activities are under way involving these priority tasks. We are a) actively recruiting high-level humanresources and building an organizational structure capable of sustaining growth, b) leveraging DX to create newcustomer experiences that transcend the limitations of location and space by fusing real and digital entertainment
and increase the number of Private Entertainment Rooms (PER), and c) developing “well-tainment,” a new businessmodel, that combines entertainment and wellness. Our goal is to move forward with these initiatives in order toraise our corporate value. In the current fiscal year, we are introducing “ONEREC VK,” a new DX-based PER
initiative, and taking actions to enhance operational efficiency.
The consolidated earnings forecast is based on assumptions judged to be valid and information currently available
at the time the forecasts were established. Actual results may differ significantly from these forecasts for a numberof reasons.

4

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheet
FY8/23(As of Aug. 31, 2023)(Thousands of yen)
Second Quarter of FY8/24(As of Feb. 29, 2024)

AssetsCurrent assets
Cash and deposits

8,437,076

6,170,413

Notes and accounts receivable-trade947,213

897,488

Merchandise

169,363

170,216

Raw materials and supplies

384,959

328,3092,438,031

2,624,132(2,575)(2,584)

12,374,069

10,187,976

Buildings and structures, net

22,587,377

24,745,699

Vehicles, tools, furniture and fixtures, net

2,792,752

2,919,443

Land

6,627,123

6,627,123

25,029261,702

32,032,282

34,553,968

Goodwill

1,290

638

Software364,271435,457

Other

145,345

208,065

Total intangible assets

510,907644,161

288,714605,567

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Construction in progress
Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Long-term prepaid expenses

10,404

183,960

2,205,026

2,173,296

603,846

656,898

Leasehold and guarantee deposits

7,507,557

8,102,145

Deferred tax assets

2,068,785

2,249,847

151,916

427,108

Other
Allowance for doubtful accounts(745,706)(596,669)

Total investments and other assets

12,090,543

13,802,156

44,633,733

49,000,287

57,007,803

59,188,263

Total non-current assets
Total assets

5

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

FY8/23(As of Aug. 31, 2023)(Thousands of yen)
Second Quarter of FY8/24(As of Feb. 29, 2024)

Liabilities
Current liabilities
Notes and accounts payable-trade644,739559,876

Current portion of long-term borrowings

1,911,240

1,975,240

Accounts payable-other

2,785,751

2,088,524

Accrued expenses

1,610,478

1,610,586

Income taxes payable

2,262,994

1,952,062

Provision for bonuses

347,162

427,294

Deposits received

263,142

617,609

Other

4,138,895

3,675,695

Total current liabilities

13,964,404

12,906,888

4,000,000

4,000,000

6,937,210

6,381,590

690,852

670,156

5,137,733

5,619,014

883,089

912,781

17,648,884

17,583,542

31,613,289

30,490,430

2,070,257

2,070,257

Non-current liabilities
Convertible-bond-type bonds with share acquisitionrightsLong-term borrowings
Deferred tax liabilities
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus

3,302,786

3,302,786

Retained earnings

20,455,244

23,780,526

Treasury shares(105,741)(105,742)

Total shareholders’ equity

25,722,546

29,047,827

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

47,576

49,846

Foreign currency translation adjustment(384,231)(408,463)

Total accumulated other comprehensive income(336,654)(358,617)

Share acquisition rights
Total net assets
Total liabilities and net assets

6

8,622

8,622

25,394,514

28,697,832

57,007,803

59,188,263

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income(For the Six-month Period)(Thousands of yen)First six months of FY8/23
First six months of FY8/24(Sep. 1, 2022 – Feb. 28, 2023) (Sep. 1, 2023 – Feb. 29, 2024)
Net sales

25,609,214

30,578,453

Cost of sales

19,529,911

22,492,093

Gross profit

6,079,302

8,086,360

Selling, general and administrative expenses

2,554,199

3,251,823

Operating profit

3,525,102

4,834,537

Non-operating income
Interest and dividend income

17,657

12,569Foreign exchange gains

147,858

131,119

Reversal of allowance for doubtful accounts-

39,812

Cancellation income-

504,715

Other

59,560123,416

Total non-operating income

225,076

811,633

Interest expenses

20,737

15,573

Provision of allowance for doubtful accounts

39,289-Non-operating expenses

Rent expenditure-

69,264

Other

6,600

18,666

Total non-operating expenses

66,627

103,504

3,683,551

5,542,665

Gain on sale of non-current assets

296-

Total extraordinary income

296-

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets

35,736

14,533

Impairment losses

2,018

117,418

Loss on valuation of investment securities

8,023

-

Total extraordinary losses

45,778

131,952

3,638,070

5,410,713

Income taxes-current

543,048

1,717,463

Income taxes-deferred

595,192(202,759)

Total income taxes

1,138,241

1,514,703

Profit2,499,828

3,896,010

Profit attributable to owners of parent

2,499,828

3,896,010

Profit before income taxes

7

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

Quarterly Consolidated Statement of Comprehensive Income(For the Six-month Period)(Thousands of yen)First six months of FY8/23
First six months of FY8/24(Sep. 1, 2022 – Feb. 28, 2023) (Sep. 1, 2023 – Feb. 29, 2024)
Profit2,499,828

3,896,010

Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

8,860

2,270

(27,338)(24,232)(18,477)(21,962)2,481,350

3,874,047

2,481,350

3,874,047

Comprehensive income attributable toComprehensive income attributable to owners of parent

8

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24(3) Quarterly Consolidated Statement of Cash Flows(Thousands of yen)First six months of FY8/23
First six months of FY8/24(Sep. 1, 2022 – Feb. 28, 2023) (Sep. 1, 2023 – Feb. 29, 2024)
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Loss (gain) on sale of property, plant and equipment
Loss on retirement of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in accounts receivable-other
Increase (decrease) in trade payables
Increase (decrease) in accounts payable-other, andaccrued expenses
Other, net

3,638,070
1,816,175
2,018
2,054
94,968
4,191(17,657)
20,737(296)
35,736(157,470)(65,591)(3,158)36,5555,410,713
2,064,297
117,418
651
80,131(150,819)(12,569)
15,573
14,53349,99055,979(85,470)

25,289(761,436)

161,010

372,799

Subtotal

5,592,634

7,171,792

Interest and dividends received
Interest paid
Income taxes paid

17,657(20,899)(652,894)

12,569(15,573)(2,049,833)

Net cash provided by (used in) operating activities

4,936,497

5,118,955(7,367,241)
50,741(124,809)(50,000)(4,747,149)(231,571)(318,967)-(173,529)

5,520(889,945)

2,600(621,064)

13,45825,506(613,476)
5,323
(40)

(281,610)
20,090-Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid

(8,970,469)(6,325,696)

3,198,730
700,000(1,153,286)(33)(326,130)500,000(991,620)(1)(570,728)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents

2,419,279(1,062,349)

157,633(2,941)(1,457,059)(2,272,032)

6,379,401

7,854,269

13,878-4,936,220

5,582,237

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Payments for investments in non-consolidated
subsidiaries
Proceeds from sales of investment securities
Payments of leasehold and guarantee deposits
Proceeds from collection of leasehold and guarantee
deposits
Loan advances
Proceeds from collection of loans receivable
Other, net

Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting from merger
with unconsolidated subsidiaries
Cash and cash equivalents at end of period

9

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

10

KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24(4) Notes to Quarterly Consolidated Financial Statements
Going Concern Assumption
Not applicable.
Significant Changes in Shareholders’ Equity
Not applicable.
Segment and Other Information
Segment Information
I. First six months of FY8/23 (Sep. 1, 2022 – Feb. 28, 2023)
1. Information related to net sales and profit/loss and disaggregation of revenue for each reportable segment
Reportable segment
Real EstateManagement

Karaoke
Net sales
Revenue from contracts
with customers
Other revenue
External sales
Inter-segment sales
and transfers
Total

24,249,354

87,044

Total

Other

717,988(Thousands of yen)Amounts shown on
Adjustment quarterly consolidated(Note 1)statement of income(Note 2)

25,054,388-

25,054,388-

554,825-554,825-554,825

24,249,354

641,870

717,988

25,609,214-

25,609,214-

111,373-

111,373(111,373)-

24,249,354

753,244

717,988

25,720,588(111,373)

25,609,214

Segment profit (loss)
4,065,050
129,069(15,710)
4,178,408(653,305)
3,525,102
Notes: 1. The -653,305 thousand yen adjustment to segment profit (loss) mainly includes general and administrative
expenses that cannot be attributed to reportable segments.
2. Segment profit (loss) is adjusted to be consistent with operating profit shown on the quarterly consolidated
statement of income.

2. Information related to impairment losses on non-current assets, goodwill, etc. for each reportable segment
No applicable items.
II. First six months of FY8/24 (Sep. 1, 2023 – Feb. 29, 2024)
1. Information related to net sales and profit/loss and disaggregation of revenue for each reportable segment
Reportable segment
Real EstateManagement

Karaoke
Net sales
Revenue from contracts
with customers
Other revenue
External sales
Inter-segment sales
and transfers
Total

Total

Other

(Thousands of yen)Amounts shown on
Adjustment quarterly consolidated(Note 1)statement of income(Note 2)

29,590,979

139,578

434,294

30,164,852-

30,164,852-

413,601-

413,601-

413,601

29,590,979

553,179

434,294

30,578,453-

30,578,453-

196,156-

196,156(196,156)-

29,590,979

749,336434,294

30,774,610(196,156)

30,578,453

Segment profit (loss)
5,549,848
40,712(39,726)5,550,834(716,297)
4,834,537
Notes: 1. The -716,297 thousand yen adjustment to segment profit (loss) mainly includes general and administrative
expenses that cannot be attributed to reportable segments.
2. Segment profit (loss) is adjusted to be consistent with operating profit shown on the quarterly consolidated
statement of income.

2. Information related to impairment losses on non-current assets, goodwill, etc. for each reportable segment
No applicable items.

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KOSHIDAKA HOLDINGS Co., LTD. (2157) Financial Results for the Second Quarter of FY8/24

3. Information related to revisions for reportable segments
Reportable segments were revised beginning with the first quarter of the current fiscal year. This revision was madefor the purpose of using reportable segments that appropriately show the business activities of the Koshidaka Group.
The goals are to speed up and strengthen strategic initiatives based on the medium-term corporate vision, properly
make decisions about the allocations of resources and manage results of operations, and accurately evaluate thebenefits of synergies and other items. One revision is the move of the Bath House segment to the new Other segment
because the importance of the Bath House segment decreased following the closing on September 3, 2023 of Tokyo
Kenko Land Maneki-no-Yu Bath House, its main facility. In addition, business activities other than karaoke (note1) that were included in the Karaoke segment have been moved to the Other segment.
Segment information for the first six months of FY8/23 has been restated for consistency with the revised segments.
Note 1: Business activities other than karaoke that were previously included in the Karaoke segment: Gindaco
Highball, Canop, CAFÉ ECLA
Revenue Recognition
Information related to disaggregation of revenue from contracts with customers is described in the Segment andOther Information section.
Material Subsequent Events
Not applicable.

This summary report is solely a translation of “Kessan Tanshin” (in Japanese, including attachments), which has been
prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience of readers
who prefer an English translation.

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