Translation
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[Delayed]Summary of Consolidated Financial Results
for the Three Months Ended March 31, 2024
(Based on Japanese GAAP)May 13, 2024
Company name:AMITA HOLDINGS CO., LTD.

Stock exchange listing: Tokyo
Stock code:
2195
Representative:
Inquiries:

URL

https://www.amita-hd.co.jp/

Chairman and Chief Visionary Officer
President and Chief IntegratedKUMANO Eisuke
SUETSUGU Takahide

Operations Officer
Scheduled date to file Quarterly Securities Report:

TEL075(277)0378

May 14, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended March 31, 2024 (from January 1, 2024 to March 31, 2024)(1) Consolidated operating results (cumulative)

Three months ended March 31, 2024
Three months ended March 31, 2023

Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
1,126
5.4
99
23.2
122
42.1
155 154.6
1,068 (10.1)
81 (41.8)
86 (44.0)
60 (47.4)
Earnings per share

Diluted earnings per share
Yen
8.84
3.47

Three months ended March 31, 2024
Three months ended March 31, 2023

Yen––(2) Consolidated financial position
Total assets
As of March 31, 2024
As of December 31, 2023

Net assets

Millions of yen
6,544
6,175

Equity ratio

Millions of yen
2,347
2,266%
35.9
36.6

2. Cash dividends
Annual dividends per share

Year ended December 31, 2023
Year ending December 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
0.00

Yen–

Yen
4.00

Yen
4.00

0.00

–

4.00

4.00

Year ending December 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending December 31, 2024 (from January 1, 2024 to December 31, 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
4,809
6.0
540
14.6
599
12.8
371
20.4
21.16

1

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

17,556,360 shares As of December 31, 2023

17,556,360 shares

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

3,890 shares As of December 31, 2023

3,890 shares

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

17,552,470 shares Three months ended March 31, 2023

217,551,220 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of December 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits

2,829,579

2,840,032

Notes and accounts receivable - tradeMerchandise and finished goods

708,362
26,764

733,864
25,546Work in process
Raw materials and supplies

27,117
8,893

125,920
10,359Other

237,687

249,136

3,838,404

3,984,860

365,194

530,596

Machinery, equipment and vehicles, net
Land324,673752,187

402,553
752,187

Other, net

279,597

136,254

1,721,652

1,821,591

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

Total property, plant and equipment
Intangible assets

88,41384,929Investments and other assets

527,237

652,8912,337,303

2,559,412

6,175,708

6,544,272

Total non-current assets
Total assets3

(Thousands of yen)
As of December 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings

260,842
266,756

309,638
286,748

Income taxes payable
Provision for bonuses

151,146
85,67552,37354,225

Asset retirement obligations
Other

4,310
867,214

4,348
1,085,848

Total current liabilities

1,635,945

1,793,182

Non-current liabilities
Long-term borrowings

1,807,055

1,922,042

358,739
97,342

370,214
97,642Retirement benefit liability
Asset retirement obligations
Other

10,42013,5782,273,557

2,403,478

3,909,503

4,196,660

Shareholders' equity
Share capital

483,560

483,560

Capital surplus
Retained earnings

253,3231,480,808

253,323
1,565,818

(482)

(482)

2,217,210

2,302,220

Foreign currency translation adjustment

42,95945,390Total accumulated other comprehensive income

42,95945,390Total non-current liabilities
Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

46,034–

2,266,204

2,347,611

6,175,708

6,544,272

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

Three months ended

March 31, 2023

March 31, 2024

Net sales

1,068,416

1,126,609

Cost of sales

578,380

587,977

Gross profit

490,036

538,632

Selling, general and administrative expenses

408,915

438,724

Operating profit

81,12099,907

Non-operating income
Interest income

3040

Share of profit of entities accounted for using equity
method5,010

14,203Foreign exchange gains
Insurance claim income

195
3,158

10,721
–

Other

3,447

3,937

Total non-operating income

11,842

28,902

3,921
2,391

5,562
–

Non-operating expenses
Interest expenses
Share acquisition rights issuance costs
Other

311

577

6,624

6,139

86,338

122,671

Gain on sale of non-current assets–

499

Total extraordinary income

–

499

1,370

26

Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Loss on retirement of non-current assets

1,370

26

Profit before income taxes

Total extraordinary losses

84,968123,144

Income taxes - current
Income taxes - deferred

20,8903,116

49,919(81,995)

Total income taxes

24,006(32,075)

Profit60,961

155,220

Profit attributable to owners of parent

60,961

155,220

5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Three months ended

Three months ended

March 31, 2023

March 31, 2024

ProfitOther comprehensive income
Foreign currency translation adjustment
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 ofparent6

60,961

155,220

440

4,642

(5,527)(2,211)(5,087)2,431

55,874

157,651

55,874

157,651