Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Non-consolidated Financial Results
for the Year Ended March 31, 2024
[Japanese GAAP]May 14, 2024
Company name: AVAL DATA CORPORATION
Stock exchange listing: Tokyo
Code number: 6918
URL: https://www.avaldata.co.jp/
Representative: Kikuchi Yutaka
Representative Director and President
Contact: Kumazawa Yoichi
Director General Manager Administration Department
Phone: +81-42-732-1000
Scheduled date of Annual General Meeting of Shareholders: June 21, 2024
Scheduled date of commencing dividend payments: June 24, 2024
Scheduled date of filing annual securities report: June 21, 2024
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2024
March 31, 2023

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

12,58014,390(12.6)
46.9

2,095
2,396(12.6)
24.4

2,274
2,495(8.9)
23.7

5,256
4,270

23.1
186.0

Basic earnings per Diluted earnings per Rate of return on
share
shareequity
Yen
Fiscal year ended
March 31, 2024
853.67
March 31, 2023
694.01(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio

%

24.1
21.7
Fiscal year ended March 31, 2024:
Fiscal year ended March 31, 2023:

Operating profit tonet sales ratio

%%

8.2
9.5
¥
¥

16.7
16.7
17 million
13 million(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2024
March 31, 2023
(Reference) Equity:

Net assets

Millions of yen

Millions of yen

27,503
27,951
As of March 31, 2024:
As of March 31, 2023:

Capital adequacy ratio¥¥

22,78020,87422,780 million
20,874 million

Net assets per share%Yen

82.8
74.7

3,699.08
3,391.38(3) Non-consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen(2,354)
454

3,937
3,306

(1,537)
(565)

6,738
6,693

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total
dividends

Total

Fiscal year endedYenYenYen

Yen

March 31, 2023

-

46.00

-

199.00245.00March 31, 2024

-

51.00

-

266.00317.00

-

39.00

-

55.00

94.00

Dividends
to netassets

Payoutratio

Yen Millions of yen%%

1,508

35.3

7.7

1,952

37.1

8.9

Fiscal year ending
March 31, 2025

35.1

(Forecast)

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)(% indicates changes from the previous corresponding period.)
Net sales

Six months ending
September 30, 2024
Full year

Operating profitOrdinary profit

Basic earnings pershareNet income

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

6,000(6.3)

870(25.6)

940(25.8)

680(26.1)

110.44

13,300

5.7

2,190

4.5

2,285

0.5

1,650

(68.6)

267.97* Notes:(1) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(2) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2024:
7,417,842 shares
March 31, 2023:
7,417,842 shares
2) Number of treasury shares at the end of the period:
March 31, 2024:
1,259,498 shares
March 31, 2023:
1,262,591 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2024:
Fiscal Year ended March 31, 2023:

6,157,347 shares
6,153,492 sharesNon-consolidated Financial Statements
Non-consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Contract assets
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Advance payments to suppliers
Prepaid expenses
Accounts receivable - other
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Structures, net
Machinery and equipment, netTools, furniture and fixtures, netLand
Construction in progressTotal property, plant and equipment
Intangible assets
SoftwareTelephone subscription right
Total intangible assets

1

As of March 31, 2024

8,993,105
139,548
2,257,074
102,455

9,038,361
140,565
2,137,973
62,417

266,131229,451654,529
479,524
4,833,024
1,600
29,16527,17737
17,783,372

1,008,490
408,928
5,679,895
1,600
37,91097,473752
18,843,820

478,423385
122,459
25,507
1,144,307
155,156
1,926,239

877,994
4,271
172,809
44,164
1,151,701
600,673
2,851,614

37,527
3,487
41,01537,3933,487
40,880(Thousands of yen)
As of March 31, 2023
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Prepaid pension costs
Membership
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Accounts payable - trade
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Contract liabilities
Deposits received
Provision for bonuses
Provision for bonuses for directors (and otherofficers)Total current liabilities
Non-current liabilities
Deferred tax liabilities
Provision for retirement benefits for directors (andother officers)
Total non-current liabilities
Total liabilities

2

As of March 31, 2024

8,144,205
023,975
8,472
23,700318
8,200,671
10,167,926
27,951,299

5,645,205
25,500
16,248
8,472
23,59548,504
5,767,525
8,660,021
27,503,841

1,385,038
1,279,328
62,12544,2781,619,676
227,700
2,944
11,268319,870

696,626
812,51978,85645,691
1,332,846
100,613
1,95110,147
320,157

66,60074,6005,018,830

3,474,010

2,055,425

1,247,413

2,230

2,230

2,057,655
7,076,486

1,249,643
4,723,653

(Thousands of yen)
As of March 31, 2023
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

3

As of March 31, 2024

2,354,094

2,354,094

2,444,942
101,027
2,545,970

2,444,942
113,3562,558,299

86,674

86,674

11,592,103
11,678,777(907,618)
15,671,224

15,309,471
15,396,145(906,079)
19,402,460

5,203,588

3,377,727

5,203,588
20,874,812
27,951,299

3,377,727
22,780,187
27,503,841

Non-consolidated Statements of Income(Thousands of yen)
For the fiscal year
ended March 31, 2023
Net salesNet sales of finished goods
Net sales of goods
Total net sales
Cost of sales
Cost of finished goods soldBeginning finished goods inventory
Cost of products manufactured
Total
Finished goods transfer to other accountEnding finished goods inventory
Cost of finished goods soldCost of goods soldBeginning merchandise inventory
Cost of purchased goods
Total
Ending merchandise inventory
Cost of goods soldTotal cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Foreign exchange losses
Commission expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit4

For the fiscal year
ended March 31, 2024

14,308,207
82,544
14,390,751

12,445,917
134,363
12,580,281

515,711
10,261,567
10,777,278
511
626,785
10,149,981

626,785
8,832,952
9,459,737
3,574
976,737
8,479,425

30,78814,44345,231
27,744
17,487
10,167,469
4,223,281
1,826,624
2,396,657

27,744
14,05041,79431,752
10,041
8,489,466
4,090,814
1,995,379
2,095,434

88
94,112
640
1,074
2,550
98,465

154
119,857
480
56,498
1,913
178,904

39
73
112
2,495,010

226
73
299
2,274,039

3,494,708
3,494,708

5,154,548
5,154,548

00
5,989,718
1,807,251(88,106)
1,719,144
4,270,574

77
77
7,428,510
2,175,040(2,873)
2,172,166
5,256,344

Non-consolidated Statements of Changes in Equity
For the fiscal year ended March 31, 2023
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained
earnings
Share capital Legal capital Other capital Total capital Legal retained Retained Total retained
surplussurplussurplusearnings
earnings
earnings
brought
forwardBalance at beginningof period
Changes during
periodDividends ofsurplus
ProfitPurchase of treasury
shares
Disposal of treasury
sharesNet changes initems other thanshareholders' equityTotal changes
during period
Balance at end ofperiod

2,354,094

2,444,942

90,4592,535,402

10,568

10,56886,674

7,974,247(566,044)(566,044)

4,270,574

4,270,574--

10,568

10,568-3,704,529

3,704,529

2,354,094

2,444,942

101,027

2,545,970

86,674

11,592,103

11,678,777

Valuation and translation
adjustments
Valuation
Total
Total
difference on valuation andshareholders'available-for-sale translation
equitysecurities
adjustments

Total net
assets11,952,575

18,406,895

Shareholders' equity
Treasuryshares
Balance at beginningof period
Changes during
periodDividends ofsurplus
ProfitPurchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period7,887,573(911,168)

6,454,319

6,454,319(566,044)(566,044)

4,270,574

4,270,574

(331)

(331)

(331)

3,881

14,45014,450(1,250,731)(1,250,731)(1,250,731)

3,550

3,718,648(1,250,731)(1,250,731)

2,467,917(907,618)

15,671,224

5,203,588

5,203,588

20,874,812

5

For the fiscal year ended March 31, 2024
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retainedearnings
Share capital Legal capital Other capital Total capital Legal retained Retained Total retained
surplussurplussurplusearnings
earnings
earnings
brought
forwardBalance at beginningof period
Changes during
periodDividends ofsurplus
ProfitPurchase of treasury
shares
Disposal of treasury
sharesNet changes initems other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

2,354,094

2,444,942

101,027

2,545,970

12,32912,32986,674

11,678,777(1,538,976)(1,538,976)

5,256,344

5,256,344--

12,32912,329-3,717,368

3,717,368

2,354,094

2,444,942

113,3562,558,299

86,67415,309,471

15,396,145

Valuation and translation
adjustments
Valuation
Total
Total
difference on valuation andshareholders'available-for-sale translation
equitysecurities
adjustments

Total net
assets

15,671,224

20,874,812

Shareholders' equity
TreasurysharesBalance at beginningof period
Changes during
periodDividends ofsurplusProfit
Purchase of treasury
shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

11,592,103(907,618)

5,203,588

5,203,588(1,538,976)(1,538,976)

5,256,344

5,256,344

(833)

(833)

(833)

2,372

14,701

14,701(1,825,861)(1,825,861)(1,825,861)

1,538

3,731,236(1,825,861)(1,825,861)

1,905,374(906,079)

19,402,460

3,377,727

3,377,727

22,780,187

6

Non-consolidated Statements of Cash Flows(Thousands of yen)
For the fiscal year
ended March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Decrease (increase) in prepaid pension costs
Interest and dividend income
Subsidy income
Loss on retirement of non-current assets
Loss (gain) on sale of short-term and long-term
investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in accounts receivable - other
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund
receivable
Other, net
SubtotalInterest and dividends received
Subsidies received
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Proceeds from redemption of securities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Purchase of shares of subsidiaries and associates
Payments of guarantee deposits
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

7

For the fiscal year
ended March 31, 2024

5,989,718
103,136
29,1467,428,510
123,898
287

300

8,000

(1,988)(94,200)(1,074)0

7,727(120,012)(56,498)
77(3,494,708)(5,154,548)(683,246)(1,526,672)
6,843
178,443
5,764
243,501

194,801(1,130,237)(60,295)(1,157,783)(3,340)(96,843)

72,627-

66,848894,440
94,2001,074(535,431)
0454,284(13,342)(29,599)
119,989
6,498(2,452,022)
617(2,354,516)(2,300,000)
2,300,000
100,000(256,886)(20,479)
3,484,588(1,090)744
3,306,877(2,300,000)
2,300,000(1,021,082)(9,305)(145,000)
5,139,202(25,500)
(313)
(908)
3,937,092(331)(565,470)(565,801)
3,195,359
3,497,745
6,693,105(833)(1,536,487)(1,537,320)
45,255
6,693,105
6,738,361