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 Year Ended April 30, 2023
(Based on Japanese GAAP)
June 9, 2023
Company name:
HEROZ, Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

4382
URL https://www.heroz.co.jp
Representative Director and Co-CEO
Takahiro Hayashi

Inquiries:
Executive Officer and CFO
Scheduled date of ordinary general meeting of shareholders:Hiroya Mori
July 27, 2023

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

July 28, 2023–

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

Yes
Yes

TEL

03(6435)2495(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended April 30, 2023 (from May 1, 2022 to April 30, 2023)(1) Consolidated operating results

Percentages indicate year-on-year changes

Profit attributable toowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended April 30, 2023
2,980–609–257–216–(574)–
Year ended April 30, 2022––––––––––※EBITDA = Operating Profit + Depreciation + Amortization + Stock-based compensation expense + Inventory write-down
Net sales

EBITDA

Earnings per share

Diluted earnings pershare

Ordinary profit

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equityYen%%%–(9.8)
2.5
8.7––––Yen(38.22)–

Year ended April 30, 2023
Year ended April 30, 2022

Operating profit(2) Consolidated financial position
Total assets
As of April 30, 2023
As of April 30, 2022

Net assets

Equity ratio

Millions of yen
8,673–

Millions of yen
6,080–

Cash flows fromoperating activities
Millions of yen
483–

Cash flows frominvesting activities
Millions of yen(144)–

Net assets per share%
67.4
–Yen
388.97–(3) Consolidated cash flows

Year ended April 30, 2023
Year ended April 30, 2022

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
(200)
3,798
––

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended April 30, 2022
Year ended April 30, 2023
Year ending April 30, 2024
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

YenYen

Yen

Yen

Yen

Millions of yen%%––

0.00
0.00

––0.000.00

0.00
0.00

–––––––

0.00

–

0.00

0.00

1–

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
–
2.00
4. Notes(1) Changes in significant subsidiaries during the year ended April 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(2) 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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)As of April 30, 2023

15,027,181 shares As of April 30, 2022

15,025,582 shares

Number of treasury shares at the end of the period
As of April 30, 2023

– shares As of April 30, 2022

– sharesAverage number of shares during the period
Year ended April 30, 2023

15,026,655 shares Year ended April 30, 2022

215,025,582 shares