Summary of Consolidated Financial Results
For the First Quarter of the Year Ending March 31, 2025
(Based on Japanese GAAP)
August 5, 2024
Company name:
Stock exchange listing:Stock code:

KYOKUYO CO., LTD.
Tokyo Stock Exchange
1301
URL https://www.kyokuyo.co.jp/en/(Yen in millions, rounded down)

1. Consolidated Financial Results for the First Quarter of the Year Ending March 31, 2025
(April 1, 2024– June 30, 2024)(1) Consolidated Result of Operations (cumulative)(% figures denote change from the same period in the previous fiscal year)
Net Sales

Operating Profit

Million yen%Million yen%

Million yen%

Million yen%

3,295

29.3

2,412

32.1

2,548－4.0

1,827－0.1

1st Quarter of the Year
68,204
9.4
3,102
28.1
Ending March 31, 2025
1st Quarter of the Year62,367－4.5
2,421－0.4
Ended March 31, 2024
(Note) Comprehensive Income: First Quarter of the year ending March 31, 2025
First Quarter of the year ended March 31, 2024

¥3,017million (48.7% )¥2,028million (－2.0% )Diluted Profit

Profit per Share
1st Quarter of the YearEnding March 31, 2025
1st Quarter of the Year
Ended March 31, 2024

Profit attributable toowners of parent

Ordinary Profit

Per Share
Yen

Yen

203.14―170.48―(2) Consolidated Financial Position
Total Assets

Net Assets

Equity Ratio

Million yen

Million yen%

As at June 30,2024

167,991

60,66836.2

As at March 31,2024

160,72058,86036.7(Reference) Shareholders’ Equity : As at June 30,2024 ¥60,742million
As at March 31,2024 ¥58,976 million

2. Dividends
Dividend per share
1st Quarter

2nd Quarter
Yen

Year Ended March 31, 2024―

Year Ending March 31, 2025

―Yen

3rd Quarter
Yen

Year EndTotalYen

Yen――100.00100.00――

110.00110.00Year Ending March,2025(Forecast)(Note) Revisions to the most recently announced dividends : None-1-3. Forecast for the Year Ending March 31, 2025 (April 1, 2024 – March 31, 2025)(% figures denote change from the previous fiscal year)
Net sales
YearEndingMarch31,2025

Operating Profit

Ordinary Profit

Profit attributable toowners of parent

ProfitPer share

Million yen%

Million yen%

Million yen%

Million yen%

Yen

300,000

14.7

10,00013.6

10,000

12.9

7,000

17.9

589.35(Note) Revisions to the most recently announced forecast : None* Notes(1) Significant changes in the scope of consolidation during the period under review: None
(2) Application of specific accounting treatments in the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting principles and accounting estimates, retrospective restatements:(i)Changes due to revisions in accounting standards, etc.: Yes(ii)Changes other than(i) : None(iii)Changes in accounting estimates : None(iv)Retrospective restatements : None
(4) Number of shares issued (common shares)(i)Number of shares issued at the end of the period(including treasury shares)(ii)Number of treasury shares at the end of the period(iii)Average number of shares during the period

As at June 30,2024

12,078,283

As at March 31,2024

12,078,283

As at June 30,2024

200,766

As at March 31,2024

200,775

As at June 30,2024

11,877,510

As at June 30,2023

10,716,618*Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified
public accountants or an audit firm: Yes (voluntary)*Explanation about the appropriate use of the forecasts of financial results, and other noteworthy matters.
The projections and other statements with respect to the future included in this material are based on currently available
information and certain assumptions that are judged reasonable by the Company. Please be advised that the Company does
not guarantee in any way the achievement of the projections and other goals in this material and that cases may occur where
the actual results and other situations differ materially from the projections due to various factors.

-2-

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As at March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-3-As at June 30, 2024

8,452
34,67770,337
10,840(10)
124,297

10,00036,467
74,2199,386(10)130,062

21,670887

22,006886

11,744568
3,147(1,596)
13,86436,422
160,720

12,904492
3,235(1,596)15,03537,928167,991(Million yen)
As at March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Commercial papers
Income taxes payable
Provisions
Accounts payable - other
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provisions
Retirement benefit liability
Asset retirement obligations
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
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-4-

As at June 30, 2024

8,417
30,34015,000
1,058
1,063
7,811
6,967
70,65911,01536,84415,000
761
595
5,253
6,651
76,122

28,975402
701
161,103
31,200101,859

28,615
425
726
16
1,416
31,200107,323

7,527
3,193
42,176(543)
52,354

7,527
3,193
43,398(544)
53,575

4,842
97
861
820
6,622
(115)
58,860160,720

5,044
158
1,145
818
7,167
(74)
60,668167,991

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest incomeDividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Provision for loss on litigation
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on sale of investment securities
National subsidies and other subsidies income
Settlement income
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Loss on sale of investment securities
Loss on tax purpose reduction entry of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to :Owners of parent
Non-controlling interests-5-

For the three months
ended June 30, 2024

62,36753,945
8,421
6,000
2,421

68,20458,430
9,774
6,672
3,102

0
80
25
88
107
302

9100
4
201
76
391

150
2
22
175
2,548

174
2
21
198
3,295

0－
－
73
74

2
14
3－
20

22－
－
52,617
299
496
795
1,821

0－
65
3
69
3,245
543283
827
2,418

1,827
(5)

2,4125

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30, 2023
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to :Owners of parent
Non-controlling interests-6-For the three months
ended June 30, 2024.

(95)
2017722
206
2,028

201
60
337
(1)
598
3,017

2,032
(3)

2,957
59