Summary of Business Results for the First Quarter Ended June 30, 2023
[Japan GAAP] (Consolidated)
August 4, 2023
CompanyI’rom Group Co., Ltd.
Stock Code2372
URL: https://www.iromgroup.co.jp/
Representative
Toyotaka Mori, President and CEO
Contact
Akihiko Sugawara, Director
T E L: +81-3-3264-3148
Expected date of filing of quarterly report: August 7, 2023
Expected starting date of dividend payment:Preparation of quarterly supplementary financial document: None
Quarterly results briefing: None

Registered on the TSE(Rounded down to million yen)

1. Consolidated business results for the three months ended June 2023
(April 1, 2023 through June 30, 2023)(1) Consolidated results of operations
Net sales
Three months ended Jun. 2023
Three months ended Jun. 2022

Operating income
%
-2.8
41.4

Million yen
4,659
4,792%-49.1
308.8

Million yen
737
1,449

(% change from the previous corresponding period)
Net income attributable
Ordinary income
to owners of parent
Million yen
1,066
1,432%-25.6
225.9

Million yen
891
1,067%-16.4
312.1(Note) Comprehensive income:Three months ended June 2023: 963 million yen ( -15.5 %)Three months ended June 2022: 1,140 million yen ( 931.8 %)Net income pershareYen
73.66
88.37

Three months ended Jun. 2023
Three months ended Jun. 2022

Diluted net income pershareYen―88.22(2) Consolidated financial position
Total assets
Million yen
36,07535,129As of Jun. 2023
As of Mar. 2023

Shareholders’ equity
ratio

Net assets
Million yen
12,755
12,154

%
35.3
34.6

(Reference) Shareholders’ equity:
As of June 2023
: 12,749 million yen
As of March 2023
: 12,148 million yen

2. Dividends
End of 1Q
Yen――

Year ended Mar. 2023
Year ending Mar. 2024
Year ending Mar. 2024(forecast)

Yen
25.00

Annual dividend
End of 3Q
Yen
―

25.00

―

End of 2Q

Year-end

Total

Yen
30.00

Yen
55.00

25.00

50.00

(Note) Revisions to dividend forecast for the current quarter: None

3. Forecast of consolidated business results for the fiscal year ending March 2024
(April 1, 2023 through March 31, 2024)(% change from the previous corresponding period)
Net salesYear ending Mar. 2024

Million yen
21,000Operating income% Million yen
14.4
4,200%15.4(Note) Revisions to business forecast for the current quarter: None－1－Ordinary income

Million yen
4,200

Net income
attributable toowners of parent% Million yen%
27.8
2,900
14.1

Net income pershareYen
239.52

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): None
(2) Application of accounting procedures specific to preparation of the consolidated quarterly financial statements:
None(3) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards：None②Changes in accounting policies other than ①：None③Changes in accounting estimates：None④Restatement：None(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of June 2023
12,338,365 shares
As of March 2023
12,338,365 shares②Treasury stock at the end of period
As of June 2023
230,833 shares
As of March 2023
230,803 shares③Average number of stock during period (quarterly cumulative period)
Three months ended June 2023
12,107,542 shares
Three months ended June 2022
12,076,486 shares*Implementation status of quarterly review procedure
This financial summary is not subject to the quarterly review procedures pursuant to the Financial Instruments andExchange Act. At the time of disclosure of this report, the procedures for review of financial statements pursuant to theFinancial Instruments and Exchange Act have not been completed.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the Company andcertain assumptions that the Company deems to be reasonable at the time this report was prepared. Actual results may differ
significantly from the forecasts due to various factors.

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