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 Three Months Ended March 31, 2024
(Based on Japanese GAAP)May 9, 2024
Company name:
C.E.Management Integrated Laboratory Co.Ltd
Stock exchange listing: Tokyo
Stock code:
Representative:

6171
President

URL

https://www.dksiken.co.jp/Yuji Shimodaira

Inquiries:
Planning Manager
Scheduled date to file Quarterly Securities Report:

Nao Shioiri
May 10, 2024

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

NoNo

TEL

03-5846-8385(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)
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%
Three months ended March 31, 2024
1,862
(1.5)
163(5.1)
163(5.7)95(5.8)Three months ended March 31, 2023
1,890
8.5
171
15.6
172
15.7
101
14.9
Earnings per share

Diluted earnings per share
Yen
6.75
7.17

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

Yen
6.75
7.16

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
6,863
6,861

As of March 31, 2024
As of December 31, 2023

Equity ratio

Millions of yen
4,670
4,631%
68.1
67.5

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
6.00

Yen–

Yen
6.00

Yen
12.00

6.00

–

6.00

12.00

Year ended December 31, 2023
Year ending December 31, 2024
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)
Net sales
Millions of yen
Six months ending
June 30, 2024
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen

3,636

(1.4)

280

6.7

284

4.8

167

9.4

11.78

7,661

4.6

648

36.8

653

33.9

395

107.9

27.82

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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):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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

14,221,995 shares As of December 31, 2023

14,221,995 shares

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

17,501 shares As of December 31, 2023

17,501 shares

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

14,204,494 shares Three months ended March 31, 2023

214,208,789 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
Notes and accounts receivable - trade, and contract assets

2,138,332
1,312,665

2,090,285
1,416,824

MerchandiseWork in process

2,012
295,455

1,911
245,787

Supplies
Other

15,61264,111

15,56273,792

Allowance for doubtful accounts
Total current assets(12,592)(12,816)

3,815,597

3,831,348

1,280,147

1,262,562

547,690274,985

547,690
281,963

2,102,823

2,092,216

Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other
Total property, plant and equipment
Intangible assets
Goodwill

148,277

130,540

Other

158,137

150,104

Total intangible assets

306,415

280,645

Investment securities
Other

387,064
255,491

427,230
238,275

Allowance for doubtful accounts(6,277)(6,568)Investments and other assets

Total investments and other assets
Total non-current assets
Total assets

3636,278

658,937

3,045,517

3,031,799

6,861,115

6,863,147

(Thousands of yen)
As of December 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Accounts payable - trade

231,534

228,886

Current portion of long-term borrowings
Lease liabilities

217,423
47,429208,81447,380Accounts payable - otherIncome taxes payable272,502
155,645284,325
78,085

Provision for bonuses
Provision for loss on construction contracts

17,7003,585

111,773
10,667

Other

307,313

280,515

1,253,135

1,250,449

Long-term borrowings
Lease liabilities

494,749
81,335448,896
94,071Retirement benefit liability
Other355,070
45,715353,758
45,201

Total current liabilities
Non-current liabilities

Total non-current liabilities

976,871

941,927

2,230,006

2,192,376

Shareholders' equity
Share capital

1,204,820

1,204,820

Capital surplus
Retained earnings

1,154,820
2,230,530

1,154,820
2,241,214

Total liabilities
Net assets

Treasury shares

(0)

(0)

4,590,172

4,600,855

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

39,027
1,909

66,9282,986

Total accumulated other comprehensive income

40,936

69,914

4,631,108

4,670,770

6,861,115

6,863,147

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4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
Cost of sales

1,890,087
1,158,015

1,862,587
1,138,400

Gross profit

732,072

724,186

Selling, general and administrative expenses
Salaries, allowances and bonuses

167,971

174,087

Provision for bonuses
Retirement benefit expenses

34,2538,740

38,045
9,142

Provision of allowance for doubtful accounts
Other(58)349,341

1,706
338,140

Total selling, general and administrative expenses

560,248561,121

171,823

163,064

Interest income
Rental income

41
1,250

43767

Electricity sale income
Other

451
1,054

384
291

Total non-operating income

2,798

1,486

1,207

1,161

Litigation expenses
Cost of electricity sales

41272

24240

Other

194

48

1,715

1,475

Ordinary profit

172,906

163,075

Profit before income taxes

172,906

163,075

Income taxes

71,06067,164

Profit101,846

95,910

Profit attributable to owners of parent

101,846

95,910Operating profit
Non-operating income

Non-operating expenses
Interest expenses

Total non-operating expenses

5Consolidated statements of comprehensive income (cumulative)(Thousands of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

March 31, 2023

March 31, 2024

101,846

95,910

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

2,576
319

27,901
1,077

Total other comprehensive income

2,896

28,978104,742

124,889

104,742

124,889

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

6