DaikyoNishikawa : Consolidated Financial Results for the First Quarter of the Fiscal Year Ended March 31,2024

(Percentages indicate year-on-yearchanges)

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Consolidated Financial Results for the First Quarter of the Fiscal Year

Ended March 31,2024[Based on Japanese GAAP]

			August 8, 2023
Company Name	DaikyoNishikawa Corporation		(Listed on Tokyo Stock Exchange)
Securities Code	4246	URL https://www.daikyonishikawa.co.jp/en/
Representative	Nariaki Uchida, Representative Director and President
Inquiries	Hironori Matsuo, Executive Officer and Corporate Planning Division Manager
			Tel. [phone]
Scheduled date to file quarterly securities report		: August 8, 2023
Scheduled date to commence dividend payments		: -
Preparation of supplementary materials on quarterly financial results	: Yes
Holding of quarterly results meeting		: None

(Amounts less than one million yen are rounded off)

1. Consolidated results for the 1st quarter ended Jun. 30, 2023(from Apr.1, 2023 to Jun.30, 2023)

(1) Consolidated operating results

	Net sales		Operating		Ordinary		Profit (Loss) attributable
		income (loss)		income (loss)		to owners of the parent
Three-month period ended	millions of yen		%	millions of yen		%	millions of yen		%	millions of yen	%
Jun. 30, 2023	37,217		23.8	1,339		－	1,749		－	1,150	－
Jun. 30, 2022	30,074		0.6	(1,241)		－	(1,008)		－	(1,127)	－

Note: Comprehensive income (loss) For three-month period ended June 30, 2023	1,194 million yen ( 248.1%)
	For three-month period ended June 30, 2022	343 million yen ( -78.0%)
	Net income (loss)	Diluted net income
	per share	per share
Three-month period ended	yen	yen
Jun. 30, 2023	16.19	－
Jun. 30, 2022	(15.87)	－
(2) Consolidated financial position
	Total assets	Net assets	Shareholders'
	equity ratio
	millions of yen	millions of yen		%
As of Jun. 30, 2023	161,402	78,550		46.9
As of Mar. 31, 2023	162,899	78,422		46.4

Reference: Shareholders' equity

(Net assets excluding share subscription rights and non-controlling interests)

As of June 30, 2023

75,731 million yen

As of March 31, 2023

75,603 million yen

2. Dividends

Annual dividends per share

First

Second

Third

Fiscal

Total

quarter-end

quarter-end

quarter-end

year-end

Fiscal year ended

yen

yen

yen

yen

yen

Mar. 31, 2023

－

15.00

－

15.00

30.00

Mar. 31, 2024

－

Fiscal year ending

15.00

－

15.00

30.00

Mar. 31, 2024 (Forecasts)

Note:Revision of the dividend forecast most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024

(Percentages indicate year-on-year changes)

Operating

Ordinary

Profit (Loss)

Net income (loss)

Net sales

attributable to owners

income (loss)

income (loss)

of the parent

per share

millions of yen

%

millions of yen

%

millions of yen

%

millions of yen

%

yen

Six-month period

76,000

20.6

3,200

－

3,100

－

2,000

－

28.13

ending Sep.30, 2023

Fiscal year ending

160,000

9.8

8,300

140.3

7,700

168.8

5,000

864.5

70.33

Mar. 31, 2024

Note: Revision of the earnings forecasts most recently announced: Yes

The Company has revised its consolidated earnings forecasts for the sixth-month period ending September 30, 2023 and for the fiscal year ending March 31, 2024, which were most recently announced on May 11, 2023.

* Notes

(1)	Changes in significant subsidiaries during the three months ended June 30, 2023	: None
	(changes in specified subsidiaries resulting in the change in scope of consolidation)
(2)	Application of specific accounting methods for preparing quarterly consolidated financial
	statements	: Yes

1. Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
2. 1. Changes in accounting policies due to revisions to accounting standards and other

	regulations			: None
2)	Changes in accounting policies due to other reasons		: None
3)	Changes in accounting estimates			: None
4)	Restatement of prior period financial statements		: None
(4) Number of shares outstanding (Common shares)
1)	Total number of shares outstanding including treasury stocks	As of Jun. 30, 2023	73,896,400shares
			As of Mar. 31, 2023	73,896,400shares
2)	Number of treasury stocks		As of Jun. 30, 2023	2,824,305shares
			As of Mar. 31, 2023	2,824,305shares
3)	Average number of shares during the period	Three-month period ended Jun. 30, 2023	71,072,095shares
		Three-month period ended Jun. 30, 2022	71,017,501shares

• This financial results report is not subject to quarterly review by certified public accountants or audit firm.
• Proper use of earnings forecasts, and other special matters (Caution concerning forward-looking statements)
  The earnings forecasts and other descriptions of the future presented in this report are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Actual results may differ substantially due to various factors.
  (Supplementary materials for financial results) Supplementary materials will be posted on our website later.