DaikyoNishikawa : Consolidated Financial Results for the Second 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 Second Quarter of the Fiscal Year Ended

March 31,2024[Based on Japanese GAAP]

			November 7, 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		: November 8, 2023
Scheduled date to commence dividend payments		: December 4, 2023
Preparation of supplementary materials on quarterly financial results	: Yes
Holding of quarterly results meeting		: Yes

(Amounts less than one million yen are rounded off)

1. Consolidated results for the 2nd quarter ended Sep.30, 2023(from Apr.1, 2023 to Sep.30, 2023)

(1) Consolidated operating results

	Net sales		Operating		Ordinary		Profit (Loss) attributable
		income (loss)		income (loss)		to owners of the parent
Six-month period ended	millions of yen		%	millions of yen		%	millions of yen		%	millions of yen	%
Sep. 30, 2023	77,470		22.9	4,285		－	4,617		－	2,950	－
Sep. 30, 2022	63,011		15.3	(1,446)		－	(1,179)		－	(1,565)	－

Note: Comprehensive income	For six-month period ended September 30, 2023	4,818 million yen (140.3%)
		For six-month period ended September 30, 2022	2,005 million yen (	－%)
	Net income (loss)	Diluted net income
		per share	per share
Six-month period ended		yen	yen
Sep. 30, 2023		41.50	－
Sep. 30, 2022		(22.04)	－
(2) Consolidated financial position
		Total assets	Net assets	Shareholders'
		equity ratio
		millions of yen	millions of yen		%
As of Sep. 30, 2023		165,333	82,200	47.9
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 September 30, 2023

79,233 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

－

15.00

Fiscal year ending

－

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)

Net sales

Operating income

Ordinary income

Profit attributable to

Net income

owners of the parent

per share

millions of yen

%

millions of yen

%

millions of yen

%

millions of yen

%

yen

Fiscal year ending

165,000

13.2

10,300

198.2

9,800

242.1

5,200

903.1

73.14

Mar. 31, 2024

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

The Company has revised its consolidated earnings forecasts for the fiscal year ending March 31, 2024, which were most recently announced on August 8, 2023.

* Notes

(1)	Changes in significant subsidiaries during the six months ended September 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 Sep. 30, 2023	73,896,400shares
			As of Mar. 31, 2023	73,896,400shares
2)	Number of treasury stocks		As of Sep. 30, 2023	2,791,736shares
			As of Mar. 31, 2023	2,824,305shares
3)	Average number of shares during the period	Six-month period ended Sep. 30, 2023	71,086,053shares
		Six-month period ended Sep. 30, 2022	71,040,898shares

• 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.