Kanematsu : Notice Regarding the Differences Between Non-Consolidated Financial Results and the Previous Fiscal Year’s Results TSE

May 8, 2025

Company name: Kanematsu Corporation Representative: Yoshiya Miyabe, President

(Securities Code: 8020, Prime Market, Tokyo Stock Exchange)

Inquiries: Reiki Fujii, General Manager, Accounting Dept.

(Telephone: [phone])

Notice Regarding the Differences Between Non-Consolidated Financial Results and the Previous Fiscal Year's Results

Kanematsu Corporation (hereinafter the "Company") hereby announces that, although the Company did not disclose forecasts for non-consolidated financial results, differences have arisen between the non-consolidated financial results for the fiscal year ended March 31, 2025 (April 1, 2024 - March 31, 2025) and those for the previous fiscal year.

1. Differences Between Non-Consolidated Results for the Current Fiscal Year and Previous Fiscal Year

   	Net sales	Operating profit	Ordinary profit	Profit	Basic earning per share
   Previous Fiscal Year (A) (Fiscal year ended March 2024)	Millions of yen	Millions of yen	Millions of yen	Millions of yen	Yen
   	397,709	(540)	10,650	9,943	118.98
   Current Fiscal Year (B) (Fiscal year ended March 2024)	409,334	140	15,413	19,516	233.65
   Amount of Change (B-A)	11,625	680	4,763	9,573	-
   Percentage Change (%)	2.9	-	44.7	96.3	-

2. Reason for the Differences

   The differences between the results of the current and previous fiscal years are primarily due to the recognition of extraordinary income from the sale of investment securities, following the sale of cross-shareholdings during the current fiscal year.

3. Gain on Sale of Investment Securities

During the third quarter of the current fiscal year, the Company sold a portion of cross-shareholdings and, as a result, recorded a gain on sale of investment securities totaling approximately ¥10.1 billion in its non-consolidated financial statements for the fiscal year ended March 2025.

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.