Summary of Financial Results : First Quarter

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.

October 11, 2023

Summary of Consolidated Financial Results

for the First Three Months of the Fiscal year Ending May 31, 2024

(Under Japanese GAAP)

Company name:	SIGMAKOKI Co., Ltd.
Listing:	Tokyo Stock Exchange（Standard Market）
Securities code:	7713
URL:	https://www.sigma-koki.com
Representative:	Yosuke Kondo, President & CEO
Inquiries:	Yasuyuki Ishii, Director & Administrative Division Manager
Telephone:	[phone]

Scheduled date to file quarterly securities report:	October 13, 2023
Scheduled date to commence dividend payments:	－
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:	None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended August 31, 2023 (from June 1, 2023 to August 31, 2023)

(1) Consolidated operating results (cumulative)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

August 31, 2023

2,804

6.1

307

△10.7

370

△10.9

251

△12.1

August 31, 2022

2,643

11.5

344

△2.0

415

9.3

286

8.6

Note: Comprehensive income

For the three months ended August 31, 2023:

¥504 million

[△13.7%]

For the three months ended August 31, 2022:

¥584 million

[108.5%]

Basic earnings

Diluted earnings

per share

per share

Three months ended

Yen

Yen

August 31, 2023

35.57

－

August 31, 2022

40.46

－

(2) Consolidated financial position

Total assets

Net assets

Equity-to-asset ratio

Net assets per share

As of

Millions of yen

Millions of yen

%

yen

August 31, 2023

20,757

16,678

79.9

2,342.08

May 31, 2023

20,634

16,332

78.7

2,293.40

Reference: Equity

As of August 31, 2023:

¥16,587 million

As of May 31, 2023:

¥16,242 million

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end		Third quarter-end		Fiscal year-end	Total
	Yen	Yen		Yen		Yen	Yen
Fiscal year ended	－	20.00		－		22.00	42.00
May 31, 2023
Fiscal year ending	－
May 31, 2024
Fiscal year ending
May 31, 2024		21.00		－		21.00	42.00
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for fiscal year ending May 31, 2024 (from June 1, 2023 to May 31, 2024)

(Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
	Millions of yen		%	Millions of yen	%	Millions of yen		%	Millions of yen	%
First half	5,690		0.7	610	△22.8	660		△27.9	440	△29.5
Full year	11,685		2.8	1,275	△15.2	1,400		△17.2	960	△35.7
Note: Revisions to the forecast of consolidated financial results most recently announced: None
	Basic earnings
	per share
			Yen
First half			62.12
Full year			135.55

* Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
   Newly included: － companies (Company name)
   Excluded: － companies (Company name)
2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 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: None
5. Number of issued shares (common shares)
6. 1. Total number of issued shares at the end of the period (including treasury shares)

As of August 31, 2023	7,552,628 shares
As of May 31, 2023	7,552,628 shares

(ii) Number of treasury shares at the end of the period

As of August 31, 2023	470,450 shares
As of May 31, 2023	470,450 shares

1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Three months ended August 31, 2023	7,082,178 shares
Three months ended August 31, 2022	7,082,178 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
• Proper use of earnings forecasts, and other special matters

The statements regarding the future, such as the business forecast, described in this material are based on the information currently available to the company and certain assumptions that the company deems reasonable. Actual results could significantly differ from the above forecasts due to various factors.