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 Three Months Ended May 31, 2024
(Based on Japanese GAAP)
July 5, 2024
Company name:
SAN-A CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

2659
URL https://www.san-a.co.jp
President, Chief Executive OfficerInquiries:

General Manager of Management Planning
Dept

Taku ToyodaMasato Tamayose

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

July 12, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

NoNo

TEL

098(898)2230(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended May 31, 2024 (from March 1, 2024 to May 31, 2024)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOperating revenue
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended May 31, 2024
57,662
3.7
4,134
16.6
4,300
17.2
2,769
16.8
Three months ended May 31, 2023
55,629
8.7
3,547
39.6
3,668
38.6
2,371
39.8
Earnings per share

Diluted earnings per share

Yen
89.58
76.74

Three months ended May 31, 2024
Three months ended May 31, 2023

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
184,819
186,703

As of May 31, 2024
As of February 29, 2024

Equity ratio

Millions of yen
145,355
146,151

Net assets per share
%
76.7
76.3

Yen
4,586.78
4,606.69

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
110.00Yen
110.00

0.00

–

55.00

55.00

Year ended February 29, 2024
Year ending February 28, 2025
Year ending February 28, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2025 (from March 1, 2024 to February 28, 2025)
Percentages indicate year-on-year changes
Profit attributable toOperating revenue
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
August 31, 2024
Full year

119,810

4.3

8,557

1.3

8,757

1.4

5,659

0.9

183.10236,120

3.8

16,6701.3

17,0430.9

11,1854.7

180.92

14. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 2024
(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:

No
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 May 31, 2024

31,981,654 shares As of February 29, 2024

31,981,654 shares

Number of treasury shares at the end of the period
As of May 31, 2024

1,069,559 shares As of February 29, 2024

1,069,559 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2024

30,912,095 shares Three months ended May 31, 2023

230,903,595 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of February 29, 2024

As of May 31, 2024

AssetsCurrent assets
Cash and deposits
Accounts receivable - trade54,8487,224

51,088
8,198

Merchandise and finished goods
Raw materials and supplies

14,386420

15,326
381

Other

2,699

2,994

Total current assets

79,58077,990Property, plant and equipment
Buildings and structures, net

53,70352,658Land
Construction in progress

35,296
1,732

35,296
2,593

Non-current assets

Other, net

3,580

3,718

Total property, plant and equipment

94,312

94,266

Intangible assets

793

814

Investments and other assets

12,016

11,748

Total non-current assets

107,123

106,829

186,703

184,819

Accounts payable - trade
Income taxes payable

11,2333,511

12,759
1,426

Provision for bonuses
Other

1,550
17,195

2,637
15,554

Total current liabilities

33,491

32,378Non-current liabilities
Retirement benefit liability

2,587

2,595

Asset retirement obligations
Other

632
3,839

636
3,854

Total assets
Liabilities
Current liabilities

Total non-current liabilities
Total liabilities

37,0607,086

40,551

39,464

(Millions of yen)
As of February 29, 2024

As of May 31, 2024

Net assets
Shareholders' equity
Share capital

3,723

3,723

Capital surplus
Retained earnings

3,715
139,155

3,715
138,524

Treasury shares(4,249)(4,249)Total shareholders' equity

142,346

141,714

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

102
(46)

115
(43)

Total accumulated other comprehensive income

5671

3,748

3,568

146,151

145,355

186,703

184,819

Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

May 31, 2023

May 31, 2024

Net sales
Cost of sales

51,31935,121

53,12036,187Gross profit

16,197

16,932

Operating revenue

4,310

4,542

Operating gross profit

20,507

21,474

Selling, general and administrative expenses

16,96017,339Operating profit

3,547

4,134

22462

456

Other62

114

Total non-operating income

131

177

Interest expenses
Other63

65

Total non-operating expenses

911

3,668

4,300

Loss on retirement of non-current assets

41

15

Total extraordinary losses

4115

Profit before income taxes

3,627

4,284

Income taxes - current

1,499

1,209

Non-operating income
Interest income
Dividend income
Gain on adjustment of accounts payableNon-operating expenses

Ordinary profit
Extraordinary losses

Income taxes - deferred(372)133

Total income taxes

1,126

1,343

Profit

2,500

2,941

129

172

2,371

2,769

Profit attributable to non-controlling interests
Profit attributable to owners of parent5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

May 31, 2023

May 31, 2024
2,500

2,941

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax(12)0123

Total other comprehensive income(12)

15

2,488

2,957

2,359

2,784

129

172

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6