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.

Summary of Non-Consolidated Financial Results
for the Three Months Ended October 31, 2023
[Based on Japanese GAAP]
December 11, 2023
Company name: SILVER LIFE CO., LTD.
Stock exchange listing: Tokyo
Code number: 9262
URL: https://www.silver-life.co.jp/
Representative: Takahisa Shimizu
President, CEOContact: Hirokazu Masuyama
Director, Administration ManagerPhone: +81-03)6300-5629
Scheduled date of filing quarterly securities report: December 11, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Non-consolidated Financial Results for the Three Months Ended October 31, 2023 (August 1, 2023 to October 31, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Three months ended
October 31, 2023
October 31, 2022

Operating profit

Millions of yen

3,356
3,015

% Millions of yen

11.3
12.4

245245

Basic earnings
per share
Three months ended
October 31, 2023
October 31, 2022

Ordinary profit% Millions of yen

0.2
144.3

282
289

Net income% Millions of yen

(2.4)
118.0

Diluted earnings pershare
Yen

Yen

16.36
16.95

16.19
16.72

(2) Non-consolidated Financial Position
Total assets
As ofOctober 31, 2023
July 31, 2023
(Reference) Equity:

Millions of yen

9,299
9,562
As of October 31, 2023:
As of July 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥
¥

5,930
5,916
5,930 million
5,916 million

%

63.8
61.9

177183%

(3.1)
94.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended July 31, 2023

-

0.00

-

15.00

15.00

Fiscal year ending July 31, 2024

-

15.00

15.00

Fiscal year ending July 31, 2024

0.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st quarter dividend for the fiscal year ending July 31, 2024 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Non-consolidated Financial Results Forecast for the Fiscal Year Ending July 31, 2024(August 1, 2023 to July 31, 2024)(% indicates changes from the previous corresponding period.)
Basic earnings perNet sales
Operating profit
Ordinary profit
Net income
shareMillions of yen% Millions of yen% Millions of yen

Six months ending January
6,550
8.9
435
4.2
31, 2024
Full year
13,1006.8
760 13.4(Note) Revision to the financial results forecast announced most recently:% Millions of yen

Yen

529

4.3

345

8.6

31.82

950

10.7620

2.9

57.18

No* Notes:(1) Accounting policies adopted specially for the preparation of quarterly Non-consolidated financial statements:(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
October 31, 2023:
10,842,800 shares
July 31, 2023:
10,842,800 shares
2) Number of treasury shares at the end of the period:
October 31, 2023:
422 shares
July 31, 2023:
422 shares
3) Average number of shares outstanding during the period:
Three months ended October 31, 2023:
Three months ended October 31, 2022:%

10,842,378 shares
10,796,940 shares

Quarterly Non-consolidated Financial Statements
Quarterly Non-consolidated Balance Sheets(Thousands of yen)
As of July 31, 2023
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise and finished goods
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Accounts payable - trade
Contract liabilities
Lease liabilities
Provision for bonuses
Accounts payable - otherCurrent portion of long-term borrowings
Income taxes payable
Provision for shareholder benefit program
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Long term contract liabilities
Other
Total non-current liabilities
Total liabilities

1

As of October 31, 2023

1,507,524
1,138,985
420,316
45,642545,874(78,858)
3,579,485

1,239,622
1,164,914
402,02242,751
544,172(94,798)
3,298,684

3,036,051
1,421,328
52,085
849,775
5,359,240
399,679

3,006,808
1,419,595
121,873844,363
5,392,642
394,099

238,371(14,278)
224,092
5,983,012
9,562,497

229,615(15,798)
213,8176,000,558
9,299,243

591,3578,681
720
564,476
239,400
173,545
57,923
116,677
1,752,782

557,495
8,181
720
8,787
479,180
239,400
103,264
35,977
106,332
1,539,338

1,712,050
2,042
12,927
166,500
1,893,520
3,646,302

1,652,200
1,861
10,978
163,956
1,828,996
3,368,334

(Thousands of yen)
As of July 31, 2023
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

730,286
720,286
4,466,578(956)
5,916,194
5,916,194
9,562,497

2

As of October 31, 2023

730,286
720,286
4,481,293(956)
5,930,909
5,930,909
9,299,243

Quarterly Non-consolidated Statements of Income
Quarterly Non-consolidated Statements of Income (For the three months)(Thousands of yen)
For the three months
ended October 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Compensation income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Bad debt expenses
Provision of allowance for doubtful accounts
Depreciation
Other
Total non-operating expenses
Ordinary profit
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
Profit3

For the three months
ended October 31, 2023

3,015,351
2,116,480
898,870
653,581245,288

3,356,639
2,249,621
1,107,017
861,301
245,715

3,244
39,27912,05454,5772,979
35,702
13,77852,460

1,227
4,623
1,630
(454)
2,590
436
10,054
289,812

1,031
4,786
2,001
4,029
2,516
898
15,263282,91213
13289,798
97,698
9,056
106,754
183,044

1,079
1,079
281,832
94,711
9,770
104,482
177,350