Supplementary Explanatory Materials for the First Six Months of the Year Ending December 31, 2023（1,784KB）

First Six Months of FY Ending December 31, 2023 Supplemental information to financial results

Itoki Corporation

(Tokyo Stock Exchange Prime Market: 7972)

(August 7, 2023)

© ITOKI CORPORATION All Rights Reserved.

Summary

Financial results for the first six months of FY ending December 31, 2023

・Net sales were strong, primarily from renovation projects and office relocations.

・Improved profit margin due to the effect of increased revenues and greater value delivered resulted in higher-than-anticipated profit.

・First six months of FY ending December 31, 2023 Net sales: Record high, Operating profit: Highest profit (in 16 years)

Forecast for FY ending December 31, 2023

・Revised the full-year earnings forecast and dividends forecast together with the release of financial results for the first six months

・Based on our policy of return to shareholders, revised the forecasted dividends per share for FY ending December 31, 2023 upwards by ¥7, from ¥25 to ¥32

・Net sales were generally in line with the initial plan

・Revised the forecast for operating profit to ¥7.5 billion, exceeding the ¥6.5 billion target that was initially disclosed. Recorded highest profit in the last 33 fiscal years

・As priority initiatives in the second half, will focus on further strengthening investment in human capital, promoting DX, and increasing asset efficiency

・Currently formulating the new Medium-term Management Plan (scheduled for release in February 2024)

Contents

1. Financial results for the first six months of FY ending December 31, 2023
2. Forecast for fiscal year ending December 31, 2023

Contents

2. Forecast for fiscal year ending December 31, 2023

FY Ending Dec. 31, 2023: Key Business Metrics by Year

First six months of FY ending December 31, 2023 Net sales: Record high, Operating profit: Highest profit (in 16 years)

FY ending December 31, 2023 Net sales: Record high, Operating

profit: Highest profit (in 33 years)