July 28 2023

SHOEI CO., LTD.

Consolidated Financial Results

for the Third Quarter of the Fiscal Year Ending September 30, 2023

Name of Registrant

SHOEI CO., LTD.

Code No:

7839

Securities Traded

Tokyo Stock Exchange, Prime Market

Headquarters

Tokyo, Japan

(URLhttps://www.shoei.com/)

Representative:

Kenichiro Ishida, President and Representative Director

Contact:

Hiroshi Yamaguchi, Director and General Manager of

Business & Financial Management Headquarters

INDEX

Ⅰ．Financial Summary Ⅱ．Consolidated Forecasts

for The Fiscal Year Ending September 30, 2023 Ⅲ．Consolidated Financial Statementｓ

- 1 -

Ⅰ．Financial Summary

1) Operating Performance

Millions of Yen

Oct.21-Jun.22

Oct.22-Jun.23 % Changes

Net Sales

21,133

24,591

16.4

Operating Income

6,400

8,037

25.6

Ordinary Income

6,456

8,128

25.9

Profit attributable to owners of parent

4,369

5,689

30.2

Yen

Per Share Amounts

Net Income

81.45

105.99

Net Income, Diluted

－

－

Notes:

1.Earnings (Losses) of Affiliates in Equity Method:

Millions of Yen

Oct.21-Jun.22Oct.22-Jun.23

－－

2.Average Number of Shares Outstanding During The Period (Consolidated): Shares

Oct.21-Jun.22Oct.22-Jun.23

53,647,379 53,675,629

3.On April 1st, 2023, the Company conducted a two-for-one stock split of common stock. Concerning the number of shares for the previous fiscal year,

"average number of shares outstanding during the period"

have been calculated and presented as if the split was conducted at beginning of the previous fiscal year.

4.Number of Treasury Stocks as of Jun 30, 2023:

29,108

5.Change of Accounting Method: Not Applicable.

6.Percentages of net sales, operating income, ordinary income and net income show changes from those in the corresponding period of the previous year.

7.Amounts Less than 1million are omitted.

8.The net income per share is calculated using the weighted average number of shares (excluding treasury stock)during the period.

- 2 -

2) Financial Position

Millions of Yen

Sep.30,22

Jun.30,23

Total Assets

29,428

31,216

Net Assets

22,895

25,668

Percentage

Net Assets to Total Assets

77.7%

82.2%

Yen

Net Assets per Share

426.33

478.14

Notes:

1.Number of Shares Outstanding on September 30, 2022 and Jun 30, 2023 (Consolidated):

Shares

Sep.30,22 Jun.30,23

53,713,716 53,713,716

Ⅱ．Consolidated Forecasts

for The Fiscal Year Ending September 30, 2023

Millions of Yen

Oct.22-Sep.23

Net Sales

33,980

Operating Income

11,440

Ordinary Income

11,470

Net Income

8,210

Yen

Net Income Per Share

153.11

- 3 -

Ⅲ．Consolidated

Financial Statements

Consolidated Statements of Income

(Thousands of yen)

Nine months ended

Nine months ended

June 30, 2022

June 30, 2023

Net sales

21,133,218

24,591,595

Cost of sales

11,433,436

12,878,730

Gross profit

9,699,782

11,712,865

Selling, general and administrative expenses

3,299,363

3,675,650

Operating profit

6,400,418

8,037,215

Non-operating income

Interest income

119

5,129

Foreign exchange gains

44,147

58,019

Insurance claim income

20

-

Subsidy income

8,973

8,099

Patent Settlement

-

11,364

Other

11,610

20,399

Total non-operating income

64,870

103,011

Non-operating expenses

Interest expenses

5,668

5,857

Payments for employment

of persons with

2,750

2,500

disabilities

Other

819

3,491

Total non-operating expenses

9,238

11,848

Ordinary profit

6,456,050

8,128,378

Extraordinary income

Gain on sale of non-current assets

51

134

Other

-

61

Total extraordinary income

51

196

Profit before income taxes

6,456,102

8,128,574

Income taxes - current

2,068,376

2,575,196

Income taxes - deferred

18,235

-135,787

Total income taxes

2,086,612

2,439,408

Profit

4,369,489

5,689,166

Profit

attributable

to

non-controlling

-

-

interests

Profit attributable to owners of parent

4,369,489

5,689,166

－ 4 －

Consolidated Statements of Comprehensive Income

(Thousands of yen)

Nine months ended

Nine months ended

June 30, 2022

June 30, 2023

Profit

Other comprehensive income Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to Comprehensive income attributable to owners of parent

Quarterly comprehensive income for non- controlling interests

4,369,489

5,689,166

-21,009

-34,594

197,872

40,273

26,770

22,635

203,633

28,313

4,573,123

5,717,479

4,573,123

5,717,891

-

-411

－ 5 －

Attachments

Disclaimer

Shoei Co. Ltd. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 08:24:02 UTC.