Consolidated Financial Results: Three Months Ended June 30, 2023

The quarterly consolidated financial results for the three months ended June 30, 2023 show a modest decline in net sales to ¥18.30 billion from ¥18.65 billion a year earlier, representing a 1.9 % drop. Operating profit fell sharply to ¥7.51 billion, a 35.6 % decrease from the prior year’s ¥11.66 billion, while ordinary profit contracted to ¥10.55 billion from ¥14.69 billion, a 28.5 % decline. Profit attributable to owners of the parent company decreased to ¥6.75 billion versus ¥10.55 billion, a 36.3 % reduction. Basic earnings per share fell to ¥33.46 from ¥21.43, and diluted earnings per share dropped to ¥31.24 from ¥19.86.

Total assets increased to ¥232.80 billion, driven largely by higher investment securities and cash balances, while net assets rose to ¥144.25 billion, improving the capital adequacy ratio from 67.4 % to 61.7 %. Shareholders’ equity remained stable at ¥144.13 billion, with retained earnings slightly lower due to the operating loss.

The company forecasts full‑year 2024 net sales at ¥95.00 billion, a 21.1 % increase over the previous year, and operating profit at ¥37.50 billion, a 4.2 % decline from the prior year’s ¥40.50 billion. Ordinary profit is projected at ¥31.00 billion, a 0.2 % rise, and earnings per share at ¥98.40.

The report covers Japan‑based operations under Japanese GAAP for the fiscal year ending March 31, 2024. Methodology follows standard quarterly consolidation procedures with no changes in accounting policies or significant subsidiary adjustments during the period. The company issued 336 million shares, with an average of 315 million shares outstanding during the quarter.