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 Six Months Ended October 31, 2023
(Based on Japanese GAAP)
December 8, 2023
Company name:

HEROZ, Inc.

Stock exchange listing: Tokyo
Stock code:
4382
Representative:
Inquiries:

URL

https://www.heroz.co.jp

Representative Director and CEO
Director and CFO

Takahiro Hayashi
Hiroya Mori

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

December 11, 2023–

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

Yes
Yes

03(6435)2495(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended October 31, 2023 (from May 1, 2023 to October 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changesProfit attributable
Net sales
EBITDA
Operating profit
Ordinary profit
to owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended October 31, 2023
2,335 205.2
449 374.3
252 572.1
212 451.0(30)–
Six months ended October 31, 2022
765–
94–
37–
38–(513)–※EBITDA = Operating Profit + Depreciation + Amortization + Stock-based compensation expense + Inventory write-down
Earnings per share

Diluted earnings per share

Yen(2.03)(34.17)Six months ended October 31, 2023
Six months ended October 31, 2022

Yen––(2) Consolidated financial position
Total assets
As of October 31, 2023
As of April 30, 2023

Net assets

Millions of yen
8,517
8,673

Equity ratio

Millions of yen
6,093
6,080

%
68.5
67.4

2. Cash dividends
Annual dividends per share

Year ended April 30, 2023
Year ending April 30, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00
0.00

Yen–

Yen
0.00

Yen
0.00

–0.00

0.00

Year ending April 30, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending April 30, 2024 (from May 1, 2023 to April 30, 2024)
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
4,800
61.0
400
55.1
385
78.1
30
–2.001

4. Notes(1) Changes in significant subsidiaries during the six months ended October 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of October 31, 2023

15,040,737 shares As of April 30, 2023

15,027,181 shares

Number of treasury shares at the end of the period
As of October 31, 2023

45 shares As of April 30, 2023

– sharesAverage number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended October 31, 2023

15,030,317 shares Six months ended October 31, 2022

215,026,042 shares