Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended June 30, 2023
(Based on Japanese GAAP)
August 10, 2023
Company name:CE Holdings Co.,Ltd.
Stock exchange listing: Tokyo, Sapporo
Stock code:
Representative:
Inquiries:

4320
URL https://www.ce-hd.co.jp
Representative Director and President &CEO(Chief Exective Officer)
Director & CFO(Chief Financial Officer)

Naokazu Saito
Tsunehito Taguchi

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:Yes
NoTEL011(861)1600(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended June 30, 2023 (from October 1, 2022 to June 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended June 30, 2023
9,745
(4.3)
885
23.9
895
23.1
520
43.7
Nine months ended June 30, 2022
10,184–
714–
727–
362
–
Earnings per share

Diluted earnings per share

Yen
34.75
24.13

Nine months ended June 30, 2023
Nine months ended June 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2023
As of September 30, 2022

Net assets

Millions of yen
9,993
10,905Equity ratio

Millions of yen
6,362
6,082%
59.2
51.6

2. Cash dividends
Annual dividends per share

Year ended September 30, 2022
Year ending September 30, 2023
Year ending September 30, 2023
(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
12.00

Total
Yen
12.00

13.00

13.00

3. Forecast of consolidated financial results for the year ending September 30, 2023 (from October 1, 2022 to September 30, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
14,350
4.7
1,250
21.2
1,250
19.7
690
17.3
46.08

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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, 2023

15,347,600 shares As of September 30, 2022

15,273,500 sharesNumber of treasury shares at the end of the period
As of June 30, 2023

398,114 shares As of September 30, 2022

217,014 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended June 30, 2023

14,983,900 shares Nine months ended June 30, 2022

215,017,164 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of September 30, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Raw materials and supplies
Accounts receivable - other
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payableProvision for bonuses
Contract liabilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of June 30, 2023

3,958,5212,440,141
3,421
345,5201,272
1,996
359,131(9,227)
7,100,777

3,685,332
1,686,236
3,958
283,106
2,836
4,223
346,518(5,756)
6,006,455

1,739,851

1,760,905

369,645
618,197
987,843334,869
791,375
1,126,245

435,750
687,655(46,479)
1,076,926
3,804,621
10,905,398

448,881651,640(360)
1,100,161
3,987,312
9,993,767

1,179,379
100,000
5,000
598,042305,077
227,627
308,229539,342
3,262,698

590,078––
529,757
137,941
268,340
424,579
492,774
2,443,471

1,186,822
194,116
179,652
1,560,591
4,823,289

805,794
208,659
173,359
1,187,813
3,631,284

1,198,552
1,224,404
3,291,991(100,410)
5,614,537

1,218,077
1,243,929
3,631,970(200,373)
5,893,603

10,47910,479457,091
6,082,108
10,905,398

23,122
23,122445,757
6,362,483
9,993,767

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Thousands of yen)
Nine months ended
June 30, 2022

Nine months ended
June 30, 2023

Net sales10,184,608

9,745,959

Cost of sales

7,931,491

7,149,945

Gross profit

2,253,116

2,596,013

Selling, general and administrative expenses

1,538,127

1,710,323

714,989885,690

Operating profit
Non-operating income
Interest income

44234

Dividend income
Gain on sale of investment securities

2,260
39

1,990
6,727

Other

16,4308,981

Total non-operating income

18,774

17,932

5,695
665

5,232
1,537

–

1,446

Non-operating expenses
Interest expenses
Loss on investments in investment partnerships
Other
Total non-operating expenses

6,3618,216

727,402895,406

Extraordinary income
Reversal of allowance for doubtful accounts–

25,277

Surrender value of insurance policies
Gain on redemption of investment securities

89,664120–120

Total extraordinary income

89,78425,397

Ordinary profit

Extraordinary losses
Retirement benefits for directors (and other officers)
Loss on retirement of non-current assets
Total extraordinary losses

60,800

–

6,827

1,582

67,627

1,582

Profit before income taxes

749,558

919,222

Income taxes - current

377,229

350,719

Income taxes - deferred(37,335)

19,981Total income taxes

339,893

370,700

Profit409,665

548,521

Profit attributable toProfit attributable to owners of parent

362,386

520,656

47,27827,865(14,375)

12,643

Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income(14,375)

12,643395,289

561,165

348,01047,278533,299
27,865Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests4