(Note) This English translation of the summary of the financial statement was prepared for reference only.
In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Statements
For the First Quarter of Fiscal Year Ending March 31, 2024
(Japanese GAAP)

August 10, 2023

Listed company name: UT Group Co., Ltd.
Stock Exchange Listing: Tokyo
Code number:
2146
URL: https://www.ut-g.co.jp
Representative:
Yoichi Wakayama, President, Representative Director & CEO
For inquiries:
Takahito Yamada, Executive Officer, General Affairs Division Manager
TEL: 03-5447-1710
Scheduled date of filing securities report: August 14, 2023
Schedule date of cash dividend payment: ―Supplemental material for the financial results provided: Yes (Uploaded on the Company’s website on August 10, 2023)
Results briefing for the period under review provided: No (The briefing video will be uploaded on the Company’s website on August 10, 2023)(All amounts are rounded down to the nearest million yen.)
1. Consolidated Results for the First Quarter of FY3/2024 (April 1, 2023 – June 30, 2023)(1) Consolidated Earnings Results(Percentages indicate year-on-year changes.)
Profit attributable
Sales
EBITDA
Operating profit
Ordinary profit
to owners of theparentMillion yen
Millionyen
Millionyen%%% Million yen% Million yen%
1Q of FY3/2024
1Q of FY3/2023

41,22041,567-0.8
18.0

3,248 -10.1
3,614 129.8

2,792 -16.4
3,341 165.7

2,753 -15.3
3,249 156.7

1,956
2,105

-7.1
―

(Note) Comprehensive income: 1Q of FY3/2024 2,012 million yen (-10.7%); 1Q of FY3/2023 2,253million yen (547.4%)
Net profit
Net profit
per shareper share, diluted
Yen
Yen
1Q of FY3/2024
48.57
45.56
1Q of FY3/2023
52.17―
EBITDA = Operating profit + Depreciation (Property, plant and equipment, and Intangible assets) + Amortization(2) Consolidated Financial Position
Total assets
1Q of FY3/2024

Net assets

Equity ratio

Million yen

Million yen%

66,68031,08735.8

71,63029,92831.8
FY3/2023(Reference) Equity capital: 1Q of FY3/2024 23,891 million yen; FY3/2023 22,752 million yen
2. Cash Dividends(Record date)1Q-endYen

FY3/2023

0.00

FY3/2024

0.00

FY3/2024 (Plan)

Dividend per share
2Q-end3Q-endFY-end
Yen
Yen
Yen

Total
Yen

0.00

0.00

0.00

0.00

―

―

―

―

(Notes) Revision of the dividend forecast disclosed recently: None
The dividend forecast for FY3/2024 is undecided.

(Note) This English translation of the summary of the financial statement was prepared for reference only.
In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.

3. Consolidated Forecasts for FY3/2024 (April 1, 2023 – March 31, 2024)(Percentages indicate year-over-year changes.)
Sales

EBITDA

Operating profit

Ordinary profit

Profit attributable toowners of the parent

Profit per share

Million yen% Million yen% Million yen% Million yen% Million yen%
Yen
200,000 17.2
16,400 4.4
14,400 61.5
14,100 59.6
9,000 134.9
Full year
222.98(Note) Revision of the earnings forecasts disclosed recently: None
EBITDA = Operating profit + Depreciation (Property, plant and equipment, and Intangible assets) + Amortization* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes in scope of
consolidation) : None
(2) Use of particular accounting procedures in preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies and accounting-based estimates, and restatements(a) Changes in accounting policies due to revisions in accounting standards and others:(b) Changes in accounting policies other than (a) above:(c) Changes in accounting-based estimates:(d) Restatements:

None
None
None
None

(4) Number of outstanding shares (common stock)(a) Number of shares outstanding at the end of the period (including treasury shares):
1Q of FY3/2024
40,363,067
FY3/2023
40, 363,067(b) Number of treasury shares at the end of the period:
1Q of FY3/2024
288,084
FY3/2023
307(c) Average number of shares outstanding during the period:
1Q of FY3/2024
40,274,954
1Q of FY3/2023
40,362,887* The Summary of Quarterly Consolidated Financial Statements is not subject to be reviewed by certified public
accountants and auditing firms.
* Cautionary statement with respect to forecasts of future performance and other special items
Forecasts regarding future performance and other forward-looking statements in these materials are based on certain
assumptions judged to be valid and information currently available to the Company. These statements are not promises
by the Company regarding future performance. Actual performance may differ significantly from these forecasts for anumber of reasons. For precautions on usage of forecasts of future performance, please refer to the section “1. Qualitative
Information on Financial Results for Current First Quarter, (3) Description of Consolidated Earnings Forecast and Other
Forward-looking Information” on page 4 of the attachments.
The supplemental material for the financial results provided and the results briefing video are scheduled to be uploadedon the Company’s website on August 10, 2023.

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

1. Qualitative Information on Financial Results for Current First Quarter(1) Overview of Results of Operations
In the first quarter of FY3/2024 (April 1, 2023 – June 30, 2023), Japan’s economy was on a gradual recovery trend due
to improvements in the employment environment and a pick-up in personal consumption against the backdrop of thereclassification of the COVID-19 as a Class 5 Infectious Disease in Japan. However, in the midst of prolonged
geopolitical risks arising from Russia's invasion of Ukraine and ongoing global monetary tightening, continued closemonitoring is required of the risk that a downturn in overseas economies will exert downward pressure on Japan's
economy, of the rise of prices, and of the impact of changes in financial and capital policies.
As for the environment surrounding the Group, although demand for semiconductors is expected to increase over the
medium to long term, reflecting the digitalization of society and the acceleration of efforts aimed at decarbonizationworldwide, production activities at semiconductor manufacturing equipment (SME) makers and semiconductor makers
have continued to stagnate since the beginning of autumn 2022 due to inventory adjustments and other factors.
Meanwhile, automobile-related manufacturers’ production activities are on a gradual recovery trend as the impact of theshortage of semiconductors and other components has eased.
With these circumstances in the background, UT Group made advances in materializing its Fourth Medium-term
Business Plan (FY3/2021 - FY3/2025). With a medium-term target of “creating a diversity & inclusion workstyle platform,”the following three growth strategies have been promoted: One-stop Strategy to provide personnel to large
manufacturers; Area Platform Strategy; and Solution Strategy. In the core business of worker dispatch to large
manufacturers, the Company aims to enhance development of SME engineers so as to raise its share in all processes
at client factories. The Company also seeks to establish a stable employment environment in local workplaces via
alliances with and M&As of local major companies, and to further expand and strengthen its business base by supporting
personnel mobilization of large corporate groups.
In the first half of FY3/2024, while continuing hiring activities in line with trends in human resource demand, UT Groupwill build a system that enables monthly mid-career hiring of 2,000 employees, will further improve the retention rate oftechnical employees, and will strengthen functions to improve their skills toward the second half of FY3/2024 when
demand is expected to increase. By doing so, we will achieve the performance targets for the final year of the Mediumterm Business Plan and accelerate UT Group’s growth over the medium- to long-term.
In the first quarter of FY3/2024, amid stagnant demand for human resources, particularly for SME makers andsemiconductor makers, UT Group strived to strengthen relationships with client companies in preparation for the future
recovery in demand. In addition, we strengthened the Group’s business foundation for achieving its performance targets
for FY3/2025 by investing in ways such as strengthening new client development activities and improving hiring tools.
As a result, in the first quarter of FY3/2024, UT Group recorded net sales of 41,220 million yen (down 0.8% from 41,567
million yen in the first quarter of FY3/2023), EBITDA of 3,248 million yen (down 10.1% from 3,614 million yen), operating
profit of 2,792 million yen (down 16.4% from 3,341 million yen), ordinary profit of 2,753 million yen (down 15.3% from3,249 million yen), and profit attributable to owners of the parent of 1,956 million yen (down 7.1% from 2,105 millionyen). The number of technical employees was 44,742 (down 1,393 from 46,135 a year ago).
* EBITDA = Operating profit + Depreciation (Property, plant and equipment, and Intangible assets) + Amortization-1-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

The operating results of each business segment are summarized below.
(Manufacturing Business)
The Industrial and Commercial Machinery subsegment and the Electronics subsegment continued to be affected byinventory adjustments in semiconductors which began in the fall of 2022. In the Transportation Equipment subsegment,
production activities of automobile-related manufacturers were recovering as the impact of the shortage of parts eased
but some makers had production adjustment. As a result, overall demand for human resources remained sluggish andthe Manufacturing Business Segment restrained its hiring activities. Under these circumstances, the segment worked
to strengthen relationships with client companies in preparation for the future recovery in demand. As specific initiatives,
the segment developed a "collaborative human resource development and dispatch model" to provide educational
programs that enable inexperienced employees to acquire the necessary skills at an early stage, and to realize
continuous workplace improvement, in close collaboration with client companies.
In order to provide optimal services for our client companies, dispatched workplaces of some clients belonging to abusiness subsidiary of the Manufacturing Business have been transferred to a business subsidiary of the Area Business.
This has resulted in a move out of approximately 1,900 technical employees. For comparison information with pastsegment information regarding this matter, please refer to the supplemental material for the financial results ("Financial
Results Briefing Material for the First Quarter of the Fiscal Year Ending March 2024" posted on the Company's website).
As a result, in the first quarter of FY3/2024, the segment recorded net sales of 16,818 million yen (down 18.0% from20,512 million yen in the same period of the previous year) and segment profit of 2,125 million yen (down 16.2% from2,536 million yen), while the number of technical employees was 11,526 (down 3,393 from 14,919 a year ago).
(Area Business)
In order to better respond to diverse needs of job applicants, the Area Business Segment strengthened “inside sales”
and focused on developing clients and strengthening its sales base in each area. The segment also focused on making
our existing client companies offer more diversified job openings and promoted hiring activities based on these efforts.
And, as mentioned above, in order to provide the best service for each client company, we have transferred dispatchedworkplaces of some clients from the Manufacturing Business to the Area Business. This has resulted in a move in of
approximately 1,900 technical employees.
As a result, in the first quarter of FY3/2024, the segment recorded net sales of 15,479 million yen (up 26.3% from 12,253
million yen in the same period of the previous year) and segment profit of 641 million yen (up 29.2% from 496 millionyen), while the number of technical employees was 15,299 (up 2,753 from 12,546 a year ago).
(Solution Business)
In addition to actively making proposals aimed at acquiring new solution projects, the Solution Business strived todevelop new client companies and contracting projects in which technical employees of a wide range of ages can be
expected to play an active role. However, net sales decreased due to the termination of some subcontracting projects
and other factors.
As a result, in the first quarter of FY3/2024, the segment recorded net sales of 4,496 million yen (down 1.9% from 4,583
million yen in the same period of the previous year) and segment profit of 7 million yen (down 51.5% from 15 millionyen), while the number of technical employees was 3,265 (up 151 from 3,114 a year ago).
(Engineering Business)
184 new graduates who joined UT Group in April 2023 were assigned and engaged in active operations at an earlystage. In light of strong demand trends for Construction Engineers and IT Engineers, the segment made more
-2-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

aggressive efforts than usual to hire new graduates who will join UT Group in April 2024 and hiring-related expenses
increased. In the field of Construction Engineers, 76 employees transferred to client companies during the first quarterof FY3/2024. This measure aims at strengthening relationships with client companies and supporting the careerdevelopment of engineers.
As a result, in the first quarter of FY3/2024, the segment recorded net sales of 2,264 million yen (up 1.1% from 2,240
million yen in the same period of the previous year) and segment profit of 166 million yen (down 36.2% from 260 millionyen), while the number of technical employees was 1,574 (1,574 a year ago).
(Overseas Business)
In the first quarter of FY3/2024, production activities in Vietnam’s major export industries stagnated due to the impact of
the global economic slowdown, while the segment was affected by the reaction to the “With Covid-19” policy andeconomic revitalization measures by the Vietnamese government in the previous year. Against this backdrop, thedecrease in personnel demand, mainly by client companies in the manufacturing sector, resulted in a decline in thenumber of technical employees in the Overseas Business. Under such circumstances, the segment strived to acquirebusiness opportunities not only in the production process industry, which had been its strengths, but also in the service
industry and expanded its business areas from the southern region centered on Ho Chi Minh City, where the segment
has had offices, to the northern region centering on Hanoi, and focused on acquiring contracts from Japanesecompanies.
In addition, as the total conditional consideration for the acquisition of shares of Green Speed Joint Stock Company in
October 2020 was finalized, goodwill of 687 million yen was newly recorded from the first quarter of FY3/2024, and the
goodwill amortization of 129 million yen corresponding to the period from the initial share acquisition date to thedetermination of the consideration for the acquisition was recorded at the determination date of acquisition price.
As a result, in the first quarter of FY3/2024, the segment recorded net sales of 2,168 million yen (up 9.2% from 1,986
million yen in the same period of the previous year) and segment loss of 144 million yen (profit of 40 million yen), while
the number of technical employees was 13,078 (down 904 from 13,982 a year ago).
Please note that the Overseas Business recorded its results for the January-March 2023 period in the first quarter of
FY3/2024 with a delay of three months because its settlement date was the last day of December.
(2) Overview of Financial Position for Current First Quarter(Assets)
Current assets as of the end of the current first quarter of the fiscal year decreased by 4,453 million yen from the end of
the previous fiscal year to 51,330 million yen. This was mainly due to a decrease in cash and deposits by 5,788 million
yen. Non-current assets amounted to 15,350 million yen, a decrease of 495 million yen from the end of the previous
fiscal year. This was mainly due to a decrease of 1,026 million yen in investment securities attributable to sale of J-CEP
Co., Ltd. excessing an increase of 687 million yen in goodwill attributable to the determination of the total amount ofconditional consideration for the acquisition of shares of Green Speed Joint Stock Company.
As a result, total assets decreased by 4,949 million yen from the end of the previous fiscal year to 66,680 million yen.

(Liabilities)
Current liabilities at the end of the first quarter of the fiscal year decreased by 3,928 million yen from the end of theprevious fiscal year to 23,975 million yen. This was mainly due to decreases of 3,506 in income taxes payable andaccrued consumption taxes, and of 1,296 million yen in provision for bonuses by the payment of summer bonuses. Noncurrent liabilities amounted to 11,617 million yen, down 2,180 million yen from the end of the previous fiscal year. Thiswas mainly due to a decrease of 2,040 million yen in long-term borrowings.
-3-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

In sum, total liabilities were 35,593 million yen, down 6,108 million yen from the end of the previous fiscal year.

(Net assets)
Net assets as of the end of the current first quarter was 31,087 million yen, up 1,159 million yen from the end of theprevious fiscal year. 1,956 million yen recorded as profit attributable to owners of the parent was more than offset byshare buybacks of 820 million yen as shareholder returns.
As a result, the equity ratio was 35.8%, compared to 31.8% at the end of the previous fiscal year.
(3) Description of Consolidated Earnings Forecast and Other Forward-looking Information
UT Group‘s consolidated forecasts for FY3/2024 remain unchanged, as announced on May 15, 2023.

-4-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

2. Quarterly Consolidated Financial Statements and Significant Notes(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2023

As of June 30, 2023

Cash and deposits

31,96926,181

Notes and accounts receivable - trade21,85121,066Merchandise and finished goods

13

14Work in process

769

Raw materials and supplies

84

107

Other

1,992

4,050

Allowance for doubtful accounts

(133)

(160)

55,784

51,330

1,309

1,293

5,414

5,866

2

2

Software

1,935

2,020

Other

3,452

3,465

Total intangible assets

10,804

11,355

1,033

7Long-term loans receivable

1110Long-term prepaid expenses

169

153

2,001

2,026

Other

516

510

Allowance for doubtful accounts

(1)

(7)

Total investments and other assets

3,731

2,701

15,846

15,35071,63066,680AssetsCurrent assets

Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Leased assets

Investments and other assets
Investment securities

Deferred tax assets

Total non-current assets
Total assets-5-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024(Million yen)
As of March 31, 2023

As of June 30, 2023

Notes and accounts payable - trade

246

193

Short-term borrowings

403

890

Current portion of long-term borrowings

3,589

3,557

Accounts payable - other

1,783

1,473

Accrued expenses

8,879

9,036

10

10

Income taxes payable

4,112

1,388

Accrued consumption taxes

4,215

3,433

Provision for bonuses

2,558

1,261

77

22

1,897

2,657

128

51

27,903

23,975

12,40010,360

Lease liabilities

17

15

Retirement benefit liability

772

692

Deferred tax liabilities

554

496

Other

53

53

13,798

11,61741,70235,593

Share capital

686

686

Capital surplus

338

338

21,43023,386(0)(821)

22,454

23,589Valuation difference on available-for-sale securities(0)0Foreign currency translation adjustment

297

301

Total accumulated other comprehensive income

297

301

Share acquisition rights

6,161

6,161

Non-controlling interests

1,014

1,033

Total net assets

29,92831,087

71,63066,680Liabilities
Current liabilities

Lease liabilities

Provision for bonuses for directors (and other officers)
Deposits received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income

Total liabilities and net assets-6-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
Income(Quarterly Consolidated Statements of Income)(Million yen)
For three months
Ended June 30, 2022

For three months
Ended June 30, 2023

Net sales

41,56741,220

Cost of sales

33,59433,498Gross profit

7,972

7,722

Selling, general and administrative expenses

4,631

4,929

Operating profit

3,341

2,792

Interest income

01

Foreign exchange gains

19－

Subsidies for employment adjustment

7

26

Dividend income of insurance

0

0

Refund income

12

－

Other

11

9

Total non-operating income

52

38Interest expenses

24

35

Foreign exchange losses－

33

Commission expenses

3

6

Share of loss of entities accounted for using equity method

47－

Loss on valuation of derivatives

43

－

Other

24

2

Total non-operating expenses

143

76

3,249

2,753

Gain on sale of non-current assets－

0Gain on sale of shares of subsidiaries and associates－

528

Gain on reversal of share acquisition rights

0－

Total extraordinary income

0529

Loss on retirement of non-current assets

0－Loss on sale of non-current assets

30Loss on termination of retirement benefit plan－

13

Restructuring cost

67－

Loss on COVID19

2－

Total extraordinary losses

73

13

3,176

3,269

Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses

Profit before income taxes-7-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

For three months
Ended June 30, 2022

For three months
Ended June 30, 2023

Income taxes

1,020

1,266

Profit

2,156

2,002

50

46

2,105

1,956

Profit attributable to non-controlling interests
Profit attributable to owners of parent(Quarterly Consolidated Statements of Comprehensive Income)(Million yen)
For three months
Ended June 30, 2022

For three months
Ended June 30, 2023

2,156

2,002

Valuation difference on available-for-sale securities－

0

Foreign currency translation adjustment

97

8

Share of other comprehensive income of entities accounted
for using equity method(0)0Total other comprehensive income

97

9

2,253

2,012

2,137

1,960

116

51

ProfitOther comprehensive income

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests-8-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024(3) Notes to the Quarterly Consolidated Financial Statements(Note on the Assumption as a Going Concern)
Not applicable(Notes in Case of Significant Change in the Amount of Shareholders’ Equity)
1. First quarter of FY3/2023 (from April 1, 2022 to June 30, 2022)(1) Items concerning dividend

Resolved

Type ofstock

Board of Directors meeting,Commonheld on May 13, 2022

stock

Total amount

Dividend perof dividends

share(Million yen)

(Yen)

968

24.00

RecordEffective

Dividend

date

date

sourceMarch 31,

June 27,

Retained

2022

2022

earnings

Note: The dividend per share is comprised of 24.00 yen in ordinary dividend.
(2) Significant change in the amount of shareholders’ equity
Not applicable
2. First quarter of FY3/2024 (from April 1, 2023 to June 30, 2023)(1) Items concerning dividend
Not applicable(2) Significant change in the amount of shareholders’ equity
Based on the resolution of the Board of Directors’ meeting held in May 2023, the Company acquired 287,700 shares of
its common shares. As a result, including the repurchase of shares less than one unit, treasury shares increased by 820
million yen in the first quarter of FY3/2024, reaching 821 million yen at the end of the first quarter of FY3/2024.

(Application of special accounting methods for presenting consolidated financial statements)(Calculation of tax expenses)
Taxes are calculated by multiplying profit before income taxes for the first-quarter period under review by the reasonably
estimated effective tax rate after adjustments for tax effect accounting to the profit income before income taxes for thecurrent consolidated fiscal year ending March 31, 2023 including the first quarter.
In case that the tax expenses calculated by the estimated effective tax rate result in a significantly unreasonable amount,the legal effective tax rate is used.

-9-

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024(Segment Information)
I

Previous first quarter of FY3/2023 (from April 1, 2022 to June 30, 2022)

1. Sales and profit (loss) by segment(Million yen)
Reportable Business Segments

Manufacturing
Business

Area
Business

Solution
BusinessEngineering
Business

Oversea
Business

Adjustment
amount1

Amounts on the
consolidated
statements2

Total

Sales
Dispatching

16,345

10,495

2,482

2,066

1,300

32,691－

32,691

Contracting

3,554

1,590

2,079

126

684

8,034

－

8,034

609

160

21

47

2

841

－

841

Revenue from contracts
with customers

20,50912,246

4,583

2,240

1,986

41,567－

41,567

Sales to clients

20,50912,246

4,583

2,240

1,986

41,567－

41,567

3

6

－

－

－

9

(9)

－

Total

20,512

12,253

4,583

2,240

1,986

41,576(9)41,567

Segment profit

2,536

496

15

260

40

3,350

(9)

3,341

Other

Inter-segment sales ortransfers

Notes:

2.

(1) Adjustment to segment profit of -9 million yen is elimination of inter-segment transactions.
(2) Segment profit is adjusted to correspond to operating profit in the consolidated statements of income.

Impairment losses of non-current assets or goodwill, etc. by reportable segment

Not applicable- 10 -

UT Group Co., Ltd. (Code 2146): Summary of the First Quarter of FY3/2024

II

Current first quarter of FY3/2024 (from April 1, 2023 to June 30, 2023)

1. Sales and profit (loss) by segment(Million yen)
Reportable Business Segments

Manufacturing
Business

Area
Business

Solution
BusinessEngineering
Business

Oversea
Business

Adjustment
amount1

Amounts on the
consolidated
statements2

Total

Sales
Dispatching

13,177

14,145

2,467

2,034

1,693

33,517－33,517

Contracting

3,081

1,025

1,988

112

464

6,672

－

6,672

558

304

38

117

10

1,030

－

1,030

Revenue from contracts
with customers

16,817

15,475

4,494

2,264

2,168

41,220－41,220

Sales to clients

16,817

15,475

4,494

2,264

2,168

41,220－41,220

0

4

2

－

－

6

(6)

－

Total

16,81815,479

4,496

2,264

2,168

41,227(6)

41,220

Segment profit (loss)

2,125

641

7

166

(144)

2,797

(4)

2,792

Other

Inter-segment sales ortransfers

Notes:

2.

(1) Adjustment to segment profit (loss) of -4 million yen is elimination of inter-segment transactions.
(2) Segment profit (loss) is adjusted to correspond to operating profit in the consolidated statements of income.

Impairment losses of non-current assets or goodwill, etc. by reportable segment(Significant change in the amount of goodwill)In the Oversea Business segment, Goodwill was newly recorded due to the determination of the total amount ofconditional consideration for the acquisition of shares of Green Speed Joint Stock Company in October 2020. And anincrease of goodwill regarding this matter was 687 million yen in the first quarter of FY3/2024.

- 11 -