FY2025 Consolidated Financial Results

May 14, 2025

Company name: RASA CORPORATION Tokyo Stock Exchange Code no.: 3023 URL:https://www.rasaco.co.jp/english/ Representative: Shuichi Imura, President

Contact person: Kazuaki Sakuragi, General Manager of Administrative Department Tel.:+81-3-3668-8231

Scheduled date of ordinary general shareholders meeting: June 25, 2025 Scheduled date of payment of cash dividends: June 26, 2025

Scheduled date of filing securities report: June 25, 2025 Supplementary materials for quarterly financial results: No Quarterly results briefing: Yes

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for FY2025 (April 1, 2024 through March 31, 2025)

   1. Consolidated Operating Results (fiscal year-to-date)

      (Percentage figures represent year-on-year changes.)

      	Net sales		Operating income		Ordinary income		Net income
      	million yen	%	million yen	%	million yen	%	million yen	%
      FY2025	26,568	△4.8	2,532	1.4	2,842	0.9	2,079	4.1
      FY2024	27,916	△5.9	2,497	△12.5	2,816	△5.6	1,997	△5.5

      Note: Comprehensive income: 2,094 million yen (△2.6%) for FY2025; 2,151 million yen (△0.3%) for FY2024

      	Earnings per Share	Diluted earnings per share	Return on equity	Return on assets	Operating income margin
      	yen	yen	yen	yen	yen
      FY2025	189.94	-	9.6	8.6	9.5
      FY2024	177.97	-	9.6	8.7	8.9

      Reference: Equity-method income: 254 million yen for FY2025, 295 million yen for FY2024

   2. Consolidated Financial Position

      	Total assets	Net assets	Capital adequacy ratio	Net assets per share
      	million yen	million yen	%	yen
      FY2025	33,259	21,861	65.7	2,035.54
      FY2024	32,568	21,450	65.9	1,906.82

      Reference: Owner's equity: 21,861 million yen for FY2025; 21,450 million yen for FY2024

   3. Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   	million yen	million yen	million yen	million yen
   FY2025	2,844	140	△1,899	5,732
   FY2024	717	25	△1,626	4,647

2. Dividends

   	Annual cash dividends per share					Total cash dividends (annual)	Payout ratio (consolidated)	Cash dividends as a percentage of net assets (consolidated)
   	1st quarter end	2nd quarter end	3rd quarter end	fiscal year-end	Total
   FY2024 FY2025	yen - -	yen 34.00 34.00	yen - -	yen 34.00 38.00	yen 68.00 72.00	million yen 792 806	% 38.2 37.9	% 3.7 3.7
   FY2026 forecast	-	36.00	-	36.00	72.00		38.4

3. Forecast of Consolidated Operating Results for FY2026(April 1, 2025 through March 31, 2026)

(Percentage figures represent year-on-year changes.)

1. Changes in significant subsidiaries: Yes

   Newly included: －（ ）, Excluded: 1（Izumi Corporation）

2. Changes in accounting principles and estimates, and retrospective restatement

   1. Changes in accounting policies due to amendment of accounting standard: Applicable

   2. Changes in accounting policies other than (ⅰ) above: None

   3. Changes in accounting estimates: None

   4. Retrospective restatement: None

3. Number of shares issued (common stock)

(Reference) Non-Consolidated Financial Highlights

1. Non-Consolidated Financial Results for FY2025 (April 1, 2024 through March 31, 2025)

   1. Non-Consolidated Operating Results

      (Percentage figures represent year-on-year changes.)

      	Net sales		Operating income		Ordinary income		Net income
      	million yen	%	million yen	%	million yen	%	million yen	%
      FY2025	23,924	28.1	2,202	△2.7	2,282	△4.7	2,603	51.1
      FY2024	18,679	△1.9	2,264	2.3	2,395	△1.3	1,723	△2.4

      	Earnings per share	Diluted earnings Per share
      	yen	yen
      FY2025	235.77	-
      FY2024	152.23	-

   2. Non-Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio	Net income per share
   	million yen	million yen	%	yen
   FY2025	24,455	16,927	69.2	1,562.43
   FY2024	21,561	15,921	73.8	1,403.57

   Reference: Owner's equity: 16,927 million yen for FY2025; 15,921 million yen for FY2024

2. Forecast of Non-Consolidated Operating Results for FY2026 (April 1, 2025 through March 31, 2026)

(Percentage figures represent year-on-year changes.)

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

The operating result forecast and other forward-looking statements contained in this report are based on information currently available to the Company and certain assumptions the Company considers reasonable. Final results may differ significantly from forecasts due to a variety of factors.