Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

February 9, 2024

Summary of Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2024
(Under Japanese GAAP)
Company name:
SEINO HOLDINGS CO., LTD.
Listing:
Tokyo Stock Exchange / Nagoya Stock Exchange
Securities code:
9076
URL:
https://www.seino.co.jp/seino/shd/
Representative:
Yoshitaka Taguchi, President and Chief Executive Officer
Inquiries:
Nobuyuki Nozu, Chief Financial Officer
Telephone:+81-584-82-5023
Scheduled date to file quarterly securities report:
February 9, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes (for institutional investors and analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the third quarter of the fiscal year ending March 31, 2024 (from April
1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Operating revenue
Nine months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31, 2023

486,767

3.0

20,559-16.1

21,916-22.6

13,161-23.0

December 31, 2022

472,814

4.2

24,5089.3

28,32514.2

17,083

11.6

Note: Comprehensive income

For the nine months ended December 31, 2023:
For the nine months ended December 31, 2022:

Basic earningsper share
Nine months ended¥22,173 million¥18,010 million(23.1%)( 5.0%)

Diluted earnings
per share
Yen

Yen

December 31, 2023

74.91

70.01

December 31, 2022

94.27

88.47

(2) Consolidated financial position
Total assets
As ofNet assets

Millions of yen

Net assets
Per share

Equity-to-asset ratio

Millions of yen%

Yen

December 31, 2023

674,046

427,70262.7

2,513.10

March 31, 2023

703,893449,72763.2

2,449.98

Reference:

EquityAs of December 31, 2023:
As of March 31, 2023:¥422,527 million¥444,844 million12. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2023-

11.00

-

Fiscal year ending
March 31, 2024-

43.00

-

Fiscal year-end

Fiscal year ending
March 31, 2024(Forecast)

Total

Yen

Yen

45.00

56.00

57.00

100.00Note: Revisions to the forecast of cash dividends most recently announced: Yes

3. Earnings Forecast of Consolidated Financial Results for Fiscal Year Ending March 31, 2024 (FromApril 1, 2023 to March 31, 2024)
Operating revenue
Millions of yen

Full year
Note:638,110

Operating profit% Millions of yen

1.0

24,918

Profit attributable toowners of parent

Ordinary profit% Millions of yen-12.6

26,845

Revisions to the forecast most recently announced: None

2% Millions of yen-17.9

16,100

Profit per share%

Yen

-15.3

92.55

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

187,679,783 shares

As of March 31, 2023

207,679,783 shares(ii) Number of treasury shares at the end of the period
As of December 31, 2023

19,550,251 shares

As of March 31, 2023

26,109,781 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
For the nine months ended December 31, 2023

175,679,557 shares

For the nine months ended December 31, 2022

181,217,174 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The statements regarding forecast of financial results in this report are based on the information that is available
to the Company, as well as certain assumptions that are deemed to be reasonable by management, and they are
not meant to be a commitment by the Company. Therefore, there might be cases in which actual results differ
materially from forecast values due to various factors.

3

SEINO HOLDINGS CO., LTD. (9076)

4. Quarterly Consolidated Financial Statement(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - tradeAccounts receivable-trade and contract assets
Securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, netTools, furniture and fixtures, netLand
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of December 31, 2023

106,752
5,821
114,709
3,000
16,3889,205(445)
255,432

64,163
6,170
115,942
3,138
17,946
12,774(463)
219,673

120,269
19,1193,369
187,959
2,672
9,836
343,226

117,184
20,835
4,185
189,500
2,660
9,671
344,036

11,602
5,904
17,507

9,956
5,758
15,71565,291
243
15,6497,016(474)
87,727448,461
703,893

76,860258
10,375
7,591(465)
94,620454,372
674,046

SEINO HOLDINGS CO., LTD. (9076)(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes payable - trade
Accounts payable-trade
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Other
Total current liabilities
Non-current liabilities
Convertible-bond-type bonds with shareacquisition rights
Long-term borrowings
Deferred tax liabilities
Provision for retirement benefits for directors
Provision for share awards
Provision for share awards for directors
Retirement benefit liability
Asset retirement obligationsOther
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-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5

As of December 31, 2023

1,922
47,952
4,760
1,174
15,970
16,108
6,691
6,508
11,878112,966

2,498
51,4803,789
1,588
15,082
10,934
1,370
6,263
14,064
107,073

25,15025,112

9,388
2,960
1,832
5,054
179
83,1383,838
9,657
141,199
254,166

7,539
3,361
1,511
4,877
209
81,316
3,973
11,367139,270
246,343

42,48180,874346,416(36,422)433,350

42,481
77,045319,918(37,456)
401,989

13,763

19,693(96)
676(2,849)11,4942
4,880
449,727
703,893(96)
2,005(1,065)
20,5372
5,173
427,702674,046

SEINO HOLDINGS CO., LTD. (9076)(2) Quarterly Consolidated Statements of Income(Millions of yen)
For the nine months ended
December 31, 2022
Operating revenue
Operating costs and expenses
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Loss on investments in investment partnerships
Commission for purchase of treasury shares
OtherTotal non-operating expenses
Ordinary profitExtraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

6

For the nine months ended
December 31, 2023

472,814413,839
58,974
34,466
24,508486,767
429,440
57,32636,767
20,559

12905

10898

2,240

251

1,065
4,224

838
1,999

318
59－28
407
28,325

313
157
124
45
642
21,916

157
54
0
213

197
172
28
398

587
589
141
1,318
27,220
7,296
2,429
9,725
17,494411
17,083

657
401
194
1,253
21,062
5,740
2,241
7,981
13,080(80)
13,161

SEINO HOLDINGS CO., LTD. (9076)(3) Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)
For the nine months ended
December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustmentRemeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

7

For the nine months ended
December 31, 2023

17,49413,080(1,639)
182
530

5,935
156
1,789

1,441

1,211

515
18,0109,092
22,173

17,554

22,204455(30)

SEINO HOLDINGS CO., LTD. (9076)(4) Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the nine months ended
December 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
for directors
Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for
directors
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Loss (gain) on sale and retirement of property, plantand equipment and intangible assets
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on investments in investment partnerships
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accrued expenses
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other liabilities
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of securities
Purchase of property, plant and equipment andintangible assets
Proceeds from sale of property, plant and equipment
and intangible assets
Purchase of investment securities
Proceeds from sale and redemption of investment
securities
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Decrease (increase) in investments and other assets
Loan advances
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities

8

For the nine months ended
December 31, 2023

27,22016,036
589
1,604
81

21,062
15,949
401
1,645
579

(321)

(139)

(176)

(28)

29

1,606
(917)
318
(54)

891
(909)
313
(172)

429

459

(2,240)(251)

59(1,907)(1,460)(682)(4,994)
1,611
3,293(1,361)
39,143
1,363(332)(13,340)
26,833157(1,455)(1,436)
4,023(5,173)
152
954
1,063
37,213
1,379(327)(13,102)
25,162(6,604)6,549(3,000)(7,591)
7,879－(19,889)(16,730)313

298(4,009)(2,722)

74

256

(685)

－476

－

(618)
(15)
20(153)(27,540)

(537)
(42)
23(611)(19,777)

SEINO HOLDINGS CO., LTD. (9076)(Millions of yen)
For the nine months ended
December 31, 2022
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from share issuance to non-controllingshareholders
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

9For the nine months ended
December 31, 2023

(62)
150
(1,248)(970)－(1,434)－

1,000(15)－(80)528(5,252)(143)(1,080)(7,204)(29,999)539(15,486)(282)(1,082)(47,715)41

46(7,870)99,52491,654(42,283)
101,065
58,781