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April 25, 2024

Non-Consolidated Financial Results
for the Six Months Ended March 20, 2024
(Under Japanese GAAP)
Company name:
PLANTCo.,Ltd.
Listing:
Tokyo Stock Exchange
Securities code:
7646
URL:
https://www.plant-co.jp
Representative:
Mitta Yoshifumi, Representative Director and President
Inquiries:
Yamada Junji, Senior Managing DirectorTelephone:+81-776-72-0300
Scheduled date to file quarterly securities report:
April 26, 2024
Scheduled date to commence dividend payments:
May 17, 2024
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
Yes(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Non-Consolidated financial results for the six months ended March 20, 2024 (from September 21, 2023 to March 20, 2024 )(Percentages indicate year-on-year changes.)(1) Non-Consolidated operating results (cumulative)
Net sales
Six months ended
March 20, 2024
March 20, 2023

Operating profit

Ordinary profit

ProfitMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

48,956

4.1

1,232

95.9

1,300

64.7

911

6.2

47,022

0.6

628

(6.7)

789

7.3

858

42.4

Basic earnings per share
Six months ended
March 20, 2024
March 20, 2023

Diluted earnings per share
Yen

Yen

120.73-108.78-(2) Non-Consolidated financial position
Total assets
As ofMarch 20, 2024
September 20, 2023

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

39,35115,80640.2

41,04915,674

38.2

Reference: Equity
As of March 20, 2024 : ¥ 15,806 million
As of September 20, 2023: ¥ 15,674 million

2. Cash dividends
First quarter-end
Fiscal year ended
September 20, 2023
Fiscal year ending
September 20, 2024
Fiscal year ending
September 20, 2024
(Forecast)

Annual dividends per share
Third quarter-end

Second quarter-end

Fiscal year-end

TotalYen

Yen

Yen

Yen

Yen-

5.00

-

27.00

32.00

-

20.00
30.00

50.00Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of non-consolidated financial results for the fiscal year ending September 30, 2024 (from September 21, 2023 to September 30,2024)(Percentages indicate year-on-year changes.)
Net sales
Fiscal year ending
September 20, 2024

Operating profit

Ordinary profit

ProfitBasic earnings per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

98,000

0.5

2,000

27.4

2,100

15.0

1,500

718.4

201.41

Note: Revisions to the earnings forecasts most recently announced: Yes
The Company resolved to purchase treasury shares at a meeting of the Board of Directors held on October 23, 2023. “Basic earnings per share” in the forecast of financial
results for the fiscal year ending September 30, 2024 takes into account the impact of this purchase of treasury shares.

* Notes

* Notes(1) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of March 20, 2024
As of September 20, 2023

7,729,720 shares
8,090,000 shares(ii) Number of treasury shares at the end of the period
As of March 20, 2024
As of September 20, 2023

385,946 shares
360,280 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended March 20, 2024
Six months ended March 20, 2023

7,552,517 shares
7,894,804 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The forward-looking statements in this document are based on information currently available to the Company and certain assumptions that the Company believes to bereasonable, and the Company does not promise that it will achieve these goals. Actual financial results, etc. may differ substantially due to various factors. Please refer to“(4) Explanation on earnings forecasts and other forward-looking statements” of “1. Qualitative Information on Quarterly Financial Results” on page 3 of the attachedmaterials for the conditions that form the assumptions for the earnings forecasts and cautions concerning the use thereof.

Quarterly balance sheet(Millions of yen)
As of September 20, 2023

As of March 20, 2024

AssetsCurrent assets
Cash and deposits

6,383

5,044

Accounts receivable - trade

2,200

2,288

Merchandise

8,621

8,834

Other650

516

17,856

16,683

Buildings, net

7,749

7,538

Land

7,254

7,254

Other, net

3,532

3,295

Total property, plant and equipment

18,53618,088Intangible assets

1,472

1,505

Investments and other assets

3,183

3,073

Total non-current assets

23,192

22,66741,04939,351

Accounts payable - trade

6,876

6,215

Electronically recorded obligations - operating

641

624

Current portion of long-term borrowings

480

480

Income taxes payable

320

386

Provision for bonuses581

568

Other

3,372

4,516

Total current liabilities

12,272

12,791Long-term borrowings

6,000

5,760

Provision for retirement benefits

573

559

Asset retirement obligations

3,100

3,123

Other

3,428

1,310

Total non-current liabilities

13,102

10,75325,37423,544

Share capital

1,425

1,425

Capital surplus

1,585

1,585

Retained earnings

12,82813,367

Total current assets
Non-current assets
Property, plant and equipment

Total assets
Liabilities
Current liabilities

Non-current liabilities

Total liabilities
Net assets
Shareholders' equity

Treasury shares

(164)

(578)

Total shareholders' equity

15,674

15,799-6

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments-6

Total net assets

15,67415,806

Total liabilities and net assets

41,04939,351

Quarterly statement of income(Millions of yen)Six months ended
March 20, 2023

Six months ended
March 20, 2024

Net sales

47,022

48,956

Cost of sales

36,491

37,586Gross profit

10,53011,369Selling, general and administrative expenses

9,90110,137

Operating profit

628

1,232

Commission income

7076

Subsidy income

2525

Support money income

82-

Non-operating income

Other

34

18

Total non-operating income

212

120

Interest expenses

36

29

Other

15

22

Total non-operating expenses

51

52

Ordinary profit

789

1,300

Subsidy income

1219Gain on reversal of asset retirement obligations

37-

Gain on revision of retirement migration plan

177-

Total extraordinary income

336

9Profit before income taxes

1,126

1,309

Income taxes - current

138

313

Income taxes - deferred

129

84

Total income taxes

267

398

Profit858

911

Non-operating expenses

Extraordinary income

Quarterly statement of cash flows(Millions of yen)Six months ended
March 20, 2023

Six months ended
March 20, 2024

Cash flows from operating activities
Profit before income taxes

1,126

1,309

Depreciation

757

709

Amortization of long-term prepaid expenses

2

1

Increase (decrease) in provision for bonuses

(46)

(12)

Increase (decrease) in provision for retirement benefits(1,221)(13)

Subsidy income

(121)

(9)

Gain on revision of retirement migration plan

(177)

-Gain on reversal of asset retirement obligations

(37)

-

Interest and dividend income

(1)

(1)

Interest expenses

3629

Decrease (increase) in trade receivables(1,179)(87)

Decrease (increase) in inventories

(179)

(215)

Increase (decrease) in trade payables

(481)

(678)

29

16

Other, net

883

(420)

Subtotal

(610)

628

Increase (decrease) in accrued consumption taxes

Interest and dividends received

00

Interest paid

(35)

(29)

Income taxes paid

(341)

(251)

Subsidies received

51

9(936)

357

(962)

(345)

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from refund of leasehold and guarantee deposits

2020

Other, net

(185)

(152)

Net cash provided by (used in) investing activities(1,127)(476)

Repayments of long-term borrowings

(586)

(240)

Purchase of treasury shares

(135)

(578)

Dividends paid

(135)

(208)

Other, net

(228)

(193)

Cash flows from financing activities

Net cash provided by (used in) financing activities(1,086)(1,220)Net increase (decrease) in cash and cash equivalents(3,150)(1,339)Cash and cash equivalents at beginning of period

6,200

6,383

Cash and cash equivalents at end of period

3,049

5,044