Living Platform : Consolidated Financial Results for FY2025.3 3Q

About this update from Living Platform Ltd.

This document has been translated from the Japanese original text for reference purposes only. Should there be any inconsistency between the translation and the Japanese original text, the latter shall prevail. February 14, 2025 Consolidated Financial Results for the Nine Months Ended December 31, 2024 (Japanese GAAP) Company name: Living Platform, Ltd. Listing exchange: Tokyo Stock Exchange Securities code: 7091 URL: https://living-platform.com Representative: Hirofumi Kaneko, CEO Inquiries: Sunao Shimohira, General Manager/ Business Administration Phone: +81-0570-01-7787 Scheduled date for filing quarterly securities report: February 14, 2025 Scheduled date for commencing dividend payment: - Supplementary materials on quarterly financial results: Yes Quarterly financial results briefing session: No (for institutional investors and analysts) (Amounts are rounded down to the nearest million yen, unless otherwise noted) 1. Consolidated Financial Results for the Six Months Ended (April 1, 2024 - December 31, 2024) (1) Consolidated operating results (cumulative) (% figures show the rate of increase (decrease) compared with the same period of the previous fiscal year) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Nine months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % December 31, 2024 14,195 15.5 223 － 205 56.8 159 132.4 December 31, 2023 12,293 20.6 △ 59 － 131 525.8 68 57.2 Note: Comprehensive income Nine months ended December 31, 2023: 88 million yen [(109.9%)] Nine months ended December 31, 2022: 42 million yen [( △ 87.7%)] Basic earnings per share Diluted earnings per share Nine months ended Yen Yen December 31, 2024 35.83 35.78 December 31, 2023 15.42 15.36 (2) Consolidated financial position Total assets Net assets Equity ratio As of Millions of yen Millions of yen % December 31, 2024 11,669 1,826 15.5 March 31, 2024 11,189 1,662 14.7 Reference: Total shareholders' equity As of December 31, 2024:1,806 million yen As of March 31, 2024: 1,646 million yen 2. Dividends Annual dividends per share End of first End of second End of third Fiscal year-end Total quarter quarter quarter Yen Yen Yen Yen Yen Fiscal year ended - 0.00 - 0.00 0.00 March 31, 2024 Fiscal year ending - 0.00 March 31, 2025 Fiscal year ending March 31, 2025 - 0.00 0.00 (Forecast) Note: Revisions to the most recently announced dividend forecast: No 3. Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2024 - March 31, 2025) (% figures show the rate of increase (decrease) compared with the previous fiscal year) Net sales Operating profit Ordinary profit Profit attributable to Basic earnings owners of parent per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 18,965 13.8 503 － 461 133.9 357 88.7 80.30 Note: Revisions to the most recently announced dividend forecast: No Notes: Changes in significant subsidiaries during the quarter (changes in specified subsidiaries resulting in change in scope of consolidation): No Newly consolidated: No Excluded from consolidation: No Application of special accounting methods for preparing consolidated quarterly financial statements: No Changes in accounting policies, changes in accounting estimates, and restatement Changes in accounting policies due to revisions to accounting standards, etc.: Yes Changes in accounting policies other than those in [1]: No Changes in accounting estimates: No Restatement: No Number of shares issued and outstanding (common shares) Number of shares issued and outstanding (including treasury shares) at end of fiscal year As of December 31, 2024 4,492,200 shares As of March 31, 2024 4,492,200 shares [2] Number of treasury shares at end of fiscal year As of December 31, 2023 43,158 shares As of March 31, 2022 43,158 shares [3] Average number of shares outstanding during quarter Nine months ended December 31, 2024 4,449,042 shares Nine months ended December 31, 2023 4,449,042 shares This report on consolidated quarterly financial results is not subject to audit procedures by a public accountant or audit corporation Explanation regarding appropriate use of earnings forecasts, and other notes (Notes on forward-looking statements) The earnings outlook and other forward-looking statements contained in this document are based on information currently available to and certain assumptions that are thought to be reasonable by the Company. Accordingly, such statements should not be construed as a guarantee of achieving the results by the Company. Actual operating results, etc. may differ materially due to various factors. 2. Consolidated Quarterly Financial Statements and Significant Notes Theretoss Consolidated Balance Sheets (Thousands of yen) Fiscal year ended Nine months of fiscal year March 2024 ending March 2025 (As of March 31, 2024) (As of December 31, 2024) Assets Current assets Cash and deposits 1,128,005 1,275,256 Notes and accounts receivable - trade 1,345,337 1,602,839 Merchandise and finished goods 5,524 10,922 Raw materials and supplies 34,492 49,223 Prepaid expenses 374,060 390,672 Other 375,636 197,670 Allowance for doubtful accounts △ 6,943 △ 4,557 Total current assets 3,256,111 3,522,027 Non-current assets Property, plant and equipment Buildings and structures, net 2,825,082 3,033,168 Vehicles, net 9,266 5,884 Tools, furniture and fixtures, net 102,215 89,510 Land 1,509,734 1,628,956 Leased assets, net 437,445 412,444 Construction in progress 124,123 134,851 Other, net 39,024 34,138 Total property, plant and equipment 5,046,893 5,338,954 Intangible assets Goodwill 1,284,534 1,188,445 Software 40,274 49,457 Other 52,049 50,941 Total intangible assets 1,376,858 1,288,844 Investments and other assets Investment securities 89,152 72,569 Long-term loans receivable 34,013 33,389 Long-term prepaid expenses 51,663 39,402 Deferred tax assets 203,613 196,651 Guarantee deposits 996,278 1,057,235 Other 163,327 152,000 Allowance for doubtful accounts △ 28,564 △ 31,460 Total investments and other assets 1,509,483 1,519,786 Total non-current assets 7,933,234 8,147,585 Total assets 11,189,346 11,669,612 (Thousands of yen) Fiscal year ended Nine months of fiscal year March 2024 ending March 2025 (As of March 31, 2024) (As of December 31, 2024) Liabilities Current liabilities Short-term borrowings 150,000 138,888 Current portion of long-term borrowings 753,979 795,988 Lease liabilities 30,499 21,587 Accounts payable - other 648,236 553,390 Accrued expenses 778,141 810,039 Income taxes payable 105,669 44,881 Advances received 278,289 322,427 Deposits received 98,344 301,104 Provision for bonuses 127,973 53,647 Other 49,021 44,936 Total current liabilities 3,020,155 3,086,891 Non-current liabilities Long-term borrowings 4,465,304 4,588,147 Long-term advances received 404,097 445,981 Lease liabilities 582,797 566,663 Retirement benefit liability 329,324 390,353 Deferred tax liabilities 27,958 22,110 Other 697,119 743,415 Total non-current liabilities 6,506,602 6,756,672 Total liabilities 9,526,757 9,843,563 Net assets Shareholders' equity Share capital 358,995 358,995 Capital surplus 905,241 905,241 Retained earnings 452,674 612,096 Treasury shares △ 79,459 △ 79,459 Total shareholders' equity 1,637,452 1,796,874 Accumulated other comprehensive income Valuation difference on available-for-sale 8,606 9,203 securities Total accumulated other comprehensive income 8,606 9,203 Share acquisition rights 16,529 19,971 Total net assets 1,662,588 1,826,049 Total liabilities and net assets 11,189,346 11,669,612 (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Cumulative) Consolidated Quarterly Statement of Income First three quarters of fiscal year ending March 2025 (Thousands of yen) Nine months of fiscal year Nine months of fiscal year Ended March 31, 2024 Ending March 31, 2025 (April 1, 2023 (April 1, 2024 to December 31, 2023) to December 31, 2024) Net sales 12,293,536 14,195,281 Cost of sales 11,182,766 12,776,557 Gross profit 1,110,770 1,418,724 Selling, general and administrative expenses 1,170,230 1,195,236 Operating profit △ 59,460 223,488 Non-operating income Interest and dividend income 3,097 409 Subsidy income 191,253 50,866 投資事業組合運用益 48,984 － Other 36,495 28,639 Total non-operating income 279,830 79,915 Non-operating expenses Interest expenses 85,560 80,785 Other 3,631 16,909 Total non-operating expenses 89,191 97,694 Ordinary profit 131,177 205,710 Extraordinary income Gain on sale of non-current assets 219 － income from the return of stock subscription rights 27,360 － Total extraordinary income 27,580 － Extraordinary loss Impairment loss on fixed assets 57 － Impairment loss on investment securities 28,314 － Total extraordinary loss Profit before income taxes Income taxes - current Income taxes - deferred 28,372 － 130,386 205,710 60,307 45,508 1,485 780 Total income taxes 61,792 46,288 Profit 68,593 159,421 Profit attributable to owners of parent 68,593 159,421 Consolidated Statement of Comprehensive Income First three quarters of fiscal year ending March 2025 (Thousands of yen) Nine months of fiscal year Nine months of fiscal year ended March 31, 2024 ending March 31, 2025 (April 1, 2023 (April 1, 2024 to December 31, 2023) to December 31, 2024) Profit 68,593 159,421 Other comprehensive income Valuation difference on available-for-sale securities 4,154 596 Total other comprehensive income 4,154 596 Comprehensive income 72,747 160,018 Comprehensive income attributable to Comprehensive income attributable to owners of parent 72,747 160,018 (3) Notes to Consolidated Quarterly Financial Statements (Notes on Going Concern Assumption) Not applicable. (Notes When There Are Significant Changes in Amounts of Equity) Not applicable. (Changes in Accounting policies) Application of Accounting Standard for Current Income Taxes The Accounting Standard for Current Income Taxes (ASBJ Statement No. 27; October 28, 2022; hereinafter, "2022 Revised Accounting Standard") has been applied since the beginning of this fiscal year. This change in accounting policy has no impact on the consolidated financial statements. (Notes regarding segment information, etc.) This information is omitted because the Company's life care business is its single segment. (Notes on quarterly statements of cash flows) Quarterly statements of cash flows for the nine months ended December 31, 2024 are not prepared. Depreciation associated with the first nine months of the previous and current fiscal years (including amortization of intangible assets) is as follows. Nine months ended Nine months ended December 31, 2023 December 31, 2024 Thousands Thousands Depreciation 216,469 of yen 221,411 of yen Thousands Thousands Amortization of goodwill 87,107 of yen 96,088 of yen Note: At the end of the previous fiscal year, the provisional accounting for the business combination was finalized and the amortized amount of goodwill reflects the details of the provisional accounting finalized.

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