Yorozu CorporationTSE: 7294

1st Quarter of FY2024

· Issued by Yorozu Corporation

Aug 9, 2024

Consolidated Financial Results

for the Three Months Ended Jun 30, 2024 (Under Japanese GAAP)

Company name

Yorozu Corporation

Stock Exchange Listing: Tokyo

Securities code

7294

(URL http://www.yorozu-corp.co.jp/)

Representative

Tsutomu Hiranaka, President & COO

Contact person

Norio Hirano, Executive Vice President & CFO

Tel. (045) 543 - 6802

Scheduled date for start of dividend payment :-

Supplemental explanation for closing : none

Holding of financially quarterly results briefing : none

(Amounts less than one million yen are rounded)

1. Consolidated financial results for the three months ended June 30, 2024

(1) Consolidated operating results

(Percentages indicate year-on-year changes.)

Net Sales

Operating income

Ordinary income

Net income attributable

(Reference) Comprehensive

to owners of parent

income

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

June 30, 2024

44,581

6.5

(395)

-

(628)

-

(1,038)

-

1,336

(57.1)

June 30, 2023

41,844

24.1

120

-

376

137.9

(197)

-

3,117

(13.3)

Basic earnings per share

Diluted earnings per

share

Three months ended

Yen

Yen

June 30, 2024

(42.69)

-

June 30, 2023

(8.17)

-

Note: Diluted earnings per share are not listed above because the net profit per share became negative, despite the presence of diluted shares.

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

(Reference)

Owner's equity

As of

Millions of yen

Millions of yen

%

Millions of yen

June 30, 2024

148,695

76,417

44.8

66,675

March 31, 2024

142,257

75,493

46.4

66,070

2. Cash dividends

Annual cash dividends per share

As of

1st. Qtr.

2nd. Qtr.

3rd. Qtr.

Year End

Total

Yen

Yen

Yen

Yen

Yen

Fiscal year ended

-

13.00

-

17.00

30.00

March 31, 2024

Fiscal year ending

-

March 31, 2025

Fiscal year ending

15.00

-

16.00

31.00

March 31, 2025 (forecast)

(Note) Revisions to the forecast of cash dividends since the latest disclosure:none

3. Forecast of consolidated results for FY2024 (from April 1, 2024 to March 31, 2025)

(Percentages indicates year-on-year changes.)

Net sales

Operating

income

Ordinary income

Net income attributable

Basic earnings per share

to owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full-year

180,000

(0.8)

4,500

0.9

2,750

(39.1)

1,050

-

43.04

(Note) Revisions to the forecast of consolidated results since the latest disclosure:none

Notes

  1. Significant changes in the scope of consolidation during the period: none
  2. Application of special accounting practices for quarterly consolidated basis financial statements.: yes
  3. Changes in accounting policies, changes in accounting estimates, and restatement
  1. Changes in accounting policies due to revisions to accounting standards and other regulations: yes
  2. Changes other than (3)-(i) above:none
  3. Changes in accounting estimates: none
  4. Restatement: None
  1. Number of shares issued (common stock)
  1. Total number of shares issued at the fiscal year end (including treasury stocks)
  2. Number of treasury shares at the ended the period
  3. Average number of shares during the period

※Review of the consolidated quarterly financial statements by certified public accountants or an audit firm: none

※Explanation regarding the appropriate use of forecast, and other statements.

・The financial forecast is based on judgments and estimates that have been made on the basis of currently available information. Consequently, the final results might be significantly different from the aforementioned forecast due to various reasons.

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