Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
August 9, 2024
Company name:
Listing:
Securities code:
URL:
Representative:

IPS, Inc.
Tokyo Stock Exchange
4390
https://ipsism.co.jp
President / CEOManaging Director (CFO) General
Inquiries:
Manager of Corporate Planning Unit
Telephone:+81-3-3549-7621
Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:
Holding of quarterly financial results briefing:

Koji Miyashita
Masamitsu Kawabuchi
Yes
Yes(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated financial results for the Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Net sales

Operating profit

Profitattributable to owners of parent

Ordinary profit

Three months ended

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2024

3,657

47.5

760

83.7

1,089

4.3

652

1.9

June 30, 2023

2,479

(12.2)

413(50.0)

1,045(28.3)

640(37.7)(Note) Comprehensive income:For the fiscal year ended

June 30, 2024:¥1,318 million[244.3%]For the fiscal year ended

June 30, 2023:¥382[(74.2%)]

Basic earnings
per share

million

Diluted earnings
per share

Three months ended

Yen

Yen

June 30, 2024

50.70

49.58

June 30, 2023

51.47

48.71

(2) Consolidated financial position
Total assets
As of

Net assets

Equity ratio

Millions of yen

Millions of yen%

June 30, 2024

35,822

16,67933.7

March 31, 2024

33,52915,183

33.7(Reference) Equity:

As of June 30, 2024:¥12,074 million

As of March 31, 2024:¥11,301 million

2. Cash Dividends
Annual dividends per shareFirst
quarter-end
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
Fiscal year ending
March 31, 2025
(Forecast)Secondquarter-end

Thirdquarter-end

Fiscalyear-end

Total

Yen

Yen

Yen

Yen

Yen

-

17.50

-

19.50

37.00

20.00

40.00

-

-

20.00

(Note) Revisions to the forecast of cash dividends most recently announced: None-

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Profit attributableto owners of parent

Ordinary profit

Millions of yen%

Millions of yen% Millions of yen

First six months

7,250

38.1

1,500

62.0

Fiscal year ending
March 31, 2025

16,500

16.9

4,290

10.2

Basic earnings
per share%

Millions of yen

%

Yen

1,270

(18.5)

760(21.2)

59.06

3,900

(11.9)

2,550(10.1)

198.17(Note) Revisions to the consolidated earnings forecasts most recently announced: Yes* Notes:(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of
consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes(Note) For details, refer to the attachment page 9 “2. Quarterly Consolidated Financial Statements and Key Notes (3) Notes toquarterly consolidated financial statements (Application of special accounting for preparing quarterly consolidated financial
statements)”(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other than (i): None(iii) Changes in accounting estimates: None(iv) Retrospective restatement: None
(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024:
12,878,200 shares
As of March 31, 2024:
12,867,800 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024:
395 shares
As of March 31, 2024:
395 shares(iii) Average number of shares outstanding during the period
Three months ended June 30, 2024:
12,871,645 shares
Three months ended June 30, 2023:
12,440,405 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants
or an audit firm: None
* Proper use of earnings forecasts, and other special matters(Cautionary statement concerning forward-looking statements)
The earnings forecasts and other forward-looking statements contained in this document are based on information currently available
to the Company, and certain assumptions it considers reasonable, but are not intended to be a promise that the Company will achieve.
Actual results may vary materially from forecasts due to a variety of factors. For matters concerning earnings forecasts, please referto page 4 of the attached materials “1. Overview of Financial results (3) Explanation of consolidated earnings forecasts and otherforward-looking statements.”(How to access supplementary explanations and details of briefing on financial results)
The Company is scheduled to hold a financial result briefing via the web on Tuesday, August 13, 2024. Please check our website fordetails. Additionally, the materials for the day will be disclosed on TDnet and posted on our website on Friday, August 9, 2024.

○ Table of Contents of Attachments
1. Overview of Financial results .................................................................................................................................. 2(1) Overview of operating results ............................................................................................................................ 2(2) Overview of financial position ........................................................................................................................... 3(3) Explanation of consolidated earnings forecasts and other forward-looking statements ..................................... 4
2. Quarterly Consolidated Financial Statements and Key Notes ................................................................................. 5(1) Quarterly consolidated balance sheet ................................................................................................................. 5(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income ................ 7
Quarterly consolidated statement of income ........................................................................................................ 7
Quarterly consolidated statement of comprehensive income ............................................................................... 8(3) Notes to quarterly consolidated financial statements ......................................................................................... 9(Notes to assumptions for ongoing concerns)....................................................................................................... 9(Note when there is a significant change in the amount of shareholders' equity) ................................................. 9(Changes in Accounting Policies) ........................................................................................................................ 9(Application of special accounting for preparing quarterly consolidated financial statements) ........................... 9(Notes to the Quarterly Consolidated Statement of Cash Flows) ......................................................................... 9(Segment information, etc.) ................................................................................................................................ 10(Revenue recognition) ........................................................................................................................................ 111

1. Overview of Financial results(1) Overview of operating results
Under the corporate philosophy of "Open Door," our group aims to create business opportunities, develop businesses, transform
industrial structures, and realize an ideal society in areas closely related to daily life, where barriers have not yet been overcome
by anyone. We are engaged in various businesses with a particular focus on addressing social issues in the Philippines throughthe provision of communication environments utilizing new IT technologies. In doing so, we contribute to the SDGs while
striving to expand our business.
During the first quarter of the current consolidated cumulative period, with persistently high commodity and energy prices, there
is growing caution regarding global financial tightening and geopolitical risks related to the situation in Ukraine and the Middle
East, making the outlook remain uncertain. In Japan, the situation remains difficult to predict due to factors such as fluctuationsin the foreign exchange market and rising prices.
In one of our group's main markets, the Philippines, the GDP growth rate for the January-March 2024 quarter increased by 5.7%
year-on-year, up from the previous quarter's 5.5%, indicating sustained growth expected among Southeast Asian countries. The
COVID-19 pandemic has accelerated digitalization, and societal changes continue with the expanded use of AI, IoT, and data
centers, increasing the importance of communication via telecommunications lines.
The development and expansion of telecommunications lines as a social infrastructure supporting daily life have become urgent
needs not only in Japan and the Philippines but also worldwide. We will continue to actively seek to expand our business in thisregard.
Our group has acquired a portion of the usage rights for the submarine cable connecting the Philippines with Singapore and Hong
Kong (City-to-City Cable System, hereinafter "C2C Cable") and the international communication network comprising land lines
in each country (hereinafter "International Communication Network"). By doing so, we are establishing our position as a carrier’s
carrier (wholesale provider for telecom operators) to meet the growing demand for communication services.
Additionally, with the completion of the Philippine Domestic Submarine Cable Network (hereinafter "PDSCN") in December
2023, we are expanding the core network within the Philippines to offer services nationwide, thereby striving to further expand
our business. In Japan, we continue to provide optimized services for each customer, including software, communication lines,
and consultation, mainly targeting call center operators with significant communication traffic needs.
In the medical and healthcare business, Shinagawa Lasik & Aesthetics Center Corporation (hereinafter "SLACC") continues toprovide stable LASIK services, while Shinagawa Healthcare Solutions Corporation (hereinafter "SHSC") promotes preventive
healthcare in the Philippines through the "Shinagawa Diagnostic & Preventive Care Center" (hereinafter "SDPCC"), a healthscreening and human dock center that meets Japanese standards, which opened in April last year.
As a results, for the first quarter consolidated cumulative period, net sales were ¥3,657 million (up 47.5% year-on-year) and an
operating profit was ¥760 million (up 83.7% year-on-year). Additionally, with the yen depreciation leading to a foreign exchange
gain of ¥350 million (¥609 million in the same period last year), ordinary profit was ¥1,089 million (up 4.3% year-on-year), andquarterly net profit attributable to owners of parent was ¥652 million (up 1.9% year-on-year).
The financial results by segment are as follows:(Global Telecommunications Business)
In the Global Telecommunications Business, we have continued to strengthen the sales of the C2C Cable, which is aninternational communication network owned by our group and have expanded our stock-type business. Additionally, through thecompletion of the PDSCN in December 2023, we have increased the provision of related services to regional telecommunications
operators in the Philippines. To meet the demand for early utilization of the PDSCN, the company has proactively brought
forward the provision of communication equipment related to PDSCN that was initially scheduled for recording in the second
half of the year. This has led to the early recognition of sales, contributing to strong business performance.
For InfiniVAN, Inc., which is a major revenue driver, the number of corporate internet connection service customers in the Manila
metropolitan area increased by 113 to a total of 1,151 by the end of March 2024, compared to the end of December 2023. Overall,
the business has significantly exceeded our initial projections, resulting in increased revenue and profits.
As a result, net sales were ¥2,644 million (up 160.2% year-on-year), and segment profit was ¥832 million (up 829.5% year-onyear).

2

(Domestic Telecommunications Business)
We have continued to strengthen our efforts in acquiring new customers and building communication services compatible withIP migration (PSTN migration) by combining the call center system "AmeyoJ," developed by Drishti-soft Solutions Pvt. Ltd.
(now Exotel), with a per-second billing service for call centers that utilizes large volumes of telephone lines from major telecom
operators.
However, the company also encountered a revenue decrease due to a retrospective settlement of past communication connection
fees (access charges) amounting to ¥260 million. These fees arose from interconnection agreements for voice communicationlines with major telecommunications operators. The communication connection fees are negotiated annually between operators,
and the transition to IP-based connection fees is scheduled for completion in December 2024.
Despite this, significant differences arose between the company and other operators regarding the communication connection
fees for fiscal years 2022 and 2023. An agreement was reached on the communication connection fees for the past two years inthis year, leading to the recognition of the difference in the financial statements.
As a result, net sales were ¥696 million (down 33.4% year-on-year), and segment loss was ¥26 million (segment profit of ¥208
million in the same period last year).
(Medical & Healthcare Business)
In SLACC's core business of LASIK, although we have continued to face some intensified competition, our performance has
shown a recovery trend from the decline observed in the latter half of last year due to improvements in marketing strategies.
Additionally, SHSC has been working to promote the use of regular corporate health check-ups through the SDPCC, which
provides Japanese-quality imaging diagnostics. This initiative aims to raise awareness of preventive medicine among people in
the Philippines. We have received positive feedback from the companies that have utilized our services. Despite ongoing
depreciation expenses related to our early investments in equipment such as CT scanners and MRIs, we are also striving to reduce
costs.
As a result, net sales were ¥316 million (down 24.4% year-on-year), and the segment loss was ¥54 million (segment profit of¥115 million in the same period last year).
(2) Overview of financial position(Status of Assets)
Current assets at the end of the first quarter of the consolidated fiscal year ending March 31, 2025, were ¥19,213 million, an
increase of ¥1,349 million from the end of the previous consolidated fiscal year. This was mainly due to accounts receivable –trade increased by ¥1,163 million, and cash and deposits increased by ¥258 million.
Non-current assets were ¥16,570 million, an increase of ¥946 million from the end of the previous consolidated fiscal year. Thiswas mainly due to total property, plant and equipment increased by ¥489 million, and total intangible assets increased by ¥435
million for capital investment.
As a result, total assets were ¥35,822 million, an increase of ¥2,293 million from the end of the previous consolidated fiscal year.
(Status of Liabilities)
Current liabilities at the end of the first quarter of the consolidated fiscal year ending March 31, 2025, were ¥13,515 million, an
increase of ¥983 million from the end of the previous consolidated fiscal year. This was mainly due to Short-term borrowings
increased by ¥700 million, and current portion of long-term borrowings increased by ¥115 million.
Non-current liabilities were ¥5,627 million, a decrease of ¥186 million from the end of the previous consolidated fiscal year.
This was mainly due to a decrease of ¥192 million in long-term borrowings.
As a result, total liabilities were ¥19,142 million, an increase of ¥796 million from the end of the previous consolidated fiscal
year.
(Status of net assets)
Net assets including non-controlling interests at the end of the first quarter of the consolidated fiscal year ending March 31, 2025,
were ¥16,679 million, an increase of ¥1,496 million from the end of the previous consolidated fiscal year. This was mainly due
to the recording of quarterly net income attributable to owners of parent amounting to ¥652 million, non-controlling interests
increased by ¥725 million, foreign currency translation adjustment increased by ¥370 million, while a decrease in dividend
payments amounting to ¥250 million.
As a result, the equity ratio was 33.7% (33.7% at the end of the previous consolidated fiscal year).

3(3) Explanation of consolidated earnings forecasts and other forward-looking statements
The progress of our group's business during the first quarter consolidated cumulative period has generally proceeded as planned.
However, in terms of performance figures, despite the impact of retroactive settlements of interconnection fees (¥260 million)
among telecom operators from previous years in the Domestic Telecommunications Business, the strong performance in the
Global Telecommunications Business, along with the early recording of sales related to PDSCN equipment, resulted insignificantly exceeding our initial projections.
For the second quarter consolidated accounting period, we anticipate continued strong performance in the Global
Telecommunications Business, driven by the expanded provision of PDSCN-related services. We also expect steady progress inthe Domestic Telecommunications Business and the Medical & Healthcare Business according to plan. Therefore, we are revising
upwards our consolidated earnings forecast for the cumulative period of the second quarter, which was announced on May 10,2024.
Regarding the full-year consolidated earnings forecast, we do not intend to change the figures announced on May 10, 2024, at
this point. This is because we expect the strong performance in the Global Telecommunications Business to offset the impact of
the retroactive settlements in the Domestic Telecommunications Business.
Additionally, in the first quarter consolidated cumulative period, we recorded ¥350 million in foreign exchange gains under nonoperating income. This gain primarily resulted from the comparison of the valuation of foreign currency-denominated receivables
and payables held by the group at the end of the previous fiscal year (exchange rate of 151.40 yen) with the exchange rate at theend of the first quarter consolidated accounting period. Since this may fluctuate depending on future exchange rate conditions,the earnings forecasts for the second quarter cumulative period and the full year have been prepared assuming no foreignexchange gains or losses, except for the confirmed amounts in overseas subsidiaries.
Consolidated earnings forecasts for the first six months of the fiscal year ending March 31, 2025
(from April 1, 2024 to March 31, 2025)（Millions of yen）
Net sales
Previously
announced forecast

Operating profit

Ordinary profit

Profit attributable toowners of parent

6,500

950

750

350

7,250

1,500

1,270

760

Changes

750

550

520

410

Changes (%)

11.5

57.9

69.3

117.1

5,248

925

1,558

954

Newly
announced forecast(Reference)
Results for the first six
months of the fiscal
year ended March 31,
2024
The above forecasts are based on information available as of the date of publication of this document, and actual results may
differ from these forecasts due to various factors.

4

2. Quarterly Consolidated Financial Statements and Key Notes(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Lease receivables
Merchandise
Supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
The right to use communication lines
Goodwill
Other
Total intangible assets
Investments and other assets
Shares of subsidiaries and affiliates
Long-term prepaid expenses
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Total assets

5

As of June 30, 2024

4,234
5,532
5,789
53
176
2,624
(546)
17,864

4,493
6,696
6,141
104
205
2,465
(893)
19,213

937
(320)
617
8,942
(1,976)
6,965
301
(205)
95
83
47
(40)
6
3,795
11,565

984
(363)
620
9,454
(2,201)
7,253
324
(223)
100
47
(40)
6
4,073
12,055

2,623
38
203
2,865

2,698
37
564
3,300

111
193
393
502
(7)
1,194
15,62440
33,529

111
164
414
530
(6)
1,215
16,57037
35,822

(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Accounts payable – trade
Short-term borrowings
Current portion of long-term borrowings
Lease obligations
Accounts payable
Income taxes payable
Deferred payment profit
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Foreign currency translation adjustment
Re-measurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

6

As of June 30, 2024

670
2,720
1,867
0
220
560
4,076
39
2,377
12,532

755
3,420
1,983
352
287
4,131
34
2,549
13,515

5,514
69
17
212
5,814
18,346

5,322
72
17
215
5,627
19,142

1,145
753
9,191
(0)
11,090

1,154
746
9,593
(0)
11,492

211
(0)
210
264
3,617
15,18333,529

581
(0)
581
262
4,342
16,67935,822

(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income
Quarterly consolidated statement of income(Millions of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on reversal of share acquisition rights
Total extraordinary income
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

7

Three months ended
June 30, 2024
2,479
1,401
1,078
664
413

3,657
1,805
1,851
1,091
760

15
609
69
694

45
350
42
438

61
1
63
1,045

104
4
109
1,089

0
0
1,046
329
716
76
640

1,089
322
767
114
652

Quarterly consolidated statement of comprehensive income(Millions of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Foreign currency translation adjustment
Re-measurements of defined benefit plans, net of tax
Share of other comprehensive income of affiliates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests

8

Three months ended
June 30, 2024
716

767

(334)
0

551
0

-

(0)

(334)
382

550
1,318

229
153

1,023
295

(3) Notes to quarterly consolidated financial statements(Notes to assumptions for ongoing concerns)
Not applicable.
(Note when there is a significant change in the amount of shareholders' equity)
Not applicable.
(Changes in Accounting Policies)
Application of the “Accounting Standard for Current Income Taxes”
The "Accounting Standard for Current Income Taxes " (Accounting Standard No. 27, October 28, 2022, hereinafter referred to as
the "2022 Revised Accounting Standard") has been applied from the beginning of the first quarter of the current consolidated
accounting period.
Regarding the revisions to the classification of corporate taxes, etc. (taxation on other comprehensive income), we are following
the transitional treatment stipulated in Paragraph 20-3 proviso of the 2022 Revised Accounting Standard and the transitional
treatment stipulated in Paragraph 65-2 (2) proviso of the "Guidance on the Application of Accounting Standards for Tax EffectAccounting" (Guidance No. 28, October 28, 2022, hereinafter referred to as the "2022 Revised Guidance"). There is no impact on
the quarterly consolidated financial statements due to this change in accounting policy.
Additionally, concerning the revisions related to the handling in consolidated financial statements of deferred tax treatment forgains and losses arising from the sale of subsidiary shares between consolidated companies, we have applied the 2022 Revised
Guidance from the beginning of the first quarter of the current consolidated accounting period. There is no impact on the quarterly
consolidated financial statements due to this change in accounting policy.
(Application of special accounting for preparing quarterly consolidated financial statements)(Calculation of taxes)
Income tax expenses are calculated by multiplying net income before income taxes by an estimated effective tax rate, which is areasonable estimate of the effective tax rate after applying tax effect accounting to net income before income taxes for the fiscal
year that includes this first quarter.
However, if the use of this estimated effective tax rate produces significantly unreasonable results, income tax expenses arecalculated by using the statutory effective tax rate.
(Notes to the Quarterly Consolidated Statement of Cash Flows)
The quarterly consolidated statement of cash flows for the first quarter of the current consolidated cumulative period has not been
prepared. However, the depreciation expenses for the first quarter consolidated cumulative period (including amortization
expenses for intangible fixed assets excluding goodwill) and the amortization amount of goodwill are as follows.
(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Depreciation expenses

107

246

Amortization of goodwill

2

3

9

(Segment information, etc.)[Segment information]
Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information on Sales and Profits or Losses by Reportable Segment and Revenue Breakdown(Millions of yen)
Consolidated
Financialstatements
Recorded amount(Note 1)

Reportable segment
GlobalDomestic
Medical &Telecommunications Telecommunications
Healthcare BusinessBusiness
Business

Adjustment
amountTotal

Net sales
Revenuefrom contracts withcustomers

903

1,045

418

2,366

-

2,366

Other revenue (Note 2)

113

-

-

113

-

113

1,016

1,045

418

2,479

-

2,479

28

-

-

28

(28)

-

1,045

1,045

418

2,508

(28)

2,479

89

208

115

414

(0)

413

Net sales to externalcustomers
Internal net sales ortransfer amountbetween segments
Total
Segment profit (loss)(Notes) 1. The segment profit or loss is consistent with the operating profit in the consolidated financial statements.
2. Other revenue is lease revenue based on Corporate Accounting Standards No.13 “Accounting Standards for Lease
Transaction”.
3. Segment assets and liabilities are not presented because they are not regularly provided to the Board of Directors andare not subject to management resource allocation decisions or performance evaluations.
4. The minus ¥0 million adjustment to segment profit (loss) is eliminations for inter-segment transactions.
2. Information on Impairment Losses on Fixed Assets or Goodwill by Reportable Segment
Not applicable.

10Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information on Sales and Profits or Losses by Reportable Segment and Revenue Breakdown(Millions of yen)
Consolidated
Financialstatements
Recorded amount(Note 1)

Reportable segment
GlobalDomestic
Medical &Telecommunications Telecommunications
Healthcare BusinessBusiness
Business

Adjustment
amountTotal

Net sales
Revenuefrom contracts withcustomers
Other revenue (Note 2)
Net sales to externalcustomers
Internal net sales ortransfer amountbetween segments
Total
Segment profit (loss)

2,188

635

316

3,140

-

3,140

456

60

-

516

-

516

2,644

696

316

3,657

-

3,657

8

0

1

11

(11)

-

2,653

696

318

3,668

(11)

3,657

832

(26)

(54)

750

9

760

(Notes) 1. The segment profit or loss is consistent with the operating profit in the consolidated financial statements.
2. Other revenue is lease revenue based on Corporate Accounting Standards No.13 “Accounting Standards for Lease
Transaction”.
3. Segment assets and liabilities are not presented because they are not regularly provided to the Board of Directors and are
not subject to management resource allocation decisions or performance evaluations.
4. The plus ¥9 million adjustment to segment profit (loss) is eliminations for inter-segment transactions.
2. Information on Impairment Losses on Fixed Assets or Goodwill by Reportable Segment
Not applicable.
(Revenue recognition)
Information breaking down revenue from contracts with customers is as presented in page 10“2. Quarterly Consolidated
Financial Statements and Key Notes (3) Notes to quarterly consolidated financial statements (Segment information, etc.)”

11