Securities Code: 7839

Tokyo Stock Exchange, Prime Market

SHOEI CO., LTD.

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

July 28, 2023

1. Operating Results for the Third Quarter of the Fiscal Year Ending September 30, 2023

(1) Financial Highlights

Net Sales/Operating Income/Profit attributable to owners of parent

Net Sales

Operating Income

Million yen

Million yen

Profit attributable to owners of parent

Million yen

25,000

24,591

20,000

21,133

15,000

10,000

5,000

9,000

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

8,037

6,400

6,000

5,689

5,000

4,000

4,369

3,000

2,000

1,000

0

FY2022.9 FY2023.9

Third Quarter) (Third Quarter

0

FY2022.9 FY2023.9

Third Quarter)(Third Quarter

0

FY2022.9

FY2023.9

Third Quarter)(Third Quarter

Average foreign exchange rates for the term (the Third Quarter of the FY ending Sep. 2023) US$/JPY=137.32, EUR/JPY=145.71

1

Overseas subsidiary conversion rates (end of March 2023) US$/JPY=133.53, EUR/JPY=145.72

(2) Consolidated Sales Volume and Net Sales by Region

Consolidated Sales Volume and Net Sales by Region

Sales Volume

Thousand units

700

601

+23 thousand

600

577

4.1

Other

50

+8 thousand

42

20.1

500

China

+82 thousand

64

146

North

129.0

400

America

122

60

-61 thousand

-50.2

300

Europe

223

-2 thousand

200

225

-0.9

100

Japan

-3thousand

119

123

-3.2

0

2022/9

2023/9

FY2022.9

FY2023.9

3Q

3Q

(Third Quarter)

(Third Quarter)

Net Sales

+¥3,458 million

Million yen

16.4

24,591

25,000

+¥298 million

21,133

1,789

20.0

Other

+¥3,191 million

20,000

1,491

5,382

145.6

China

2,191

-¥1,312 million

North

2,602

-33.5

15,000

America

3,914

10,000

Europe

+¥1,021 million

10,063

11.3

9,042

5,000

Japan

4,753

+¥259 million

4,493

5.8

0

2023/9

2022/9

FY2022.9

FY2023.9

3Q

3Q

(Third Quarter)

(Third Quarter)

2

(3) Consolidated Balance Sheets

Assets

Liabilities/Net Assets

Assets

31,216

UnitMillion yen

Liabilities / Net Assets

29,428

+1,787

29,428 +1,787

31,216

Current liabilities

4,509

Liabilities

5,417

-908

1,038

12,911

Non-current

Cash and deposits

Decrease in

liabilities

13,887

-975

Cash and deposits

1,115

-77

Decrease in paid

dividend

Current

Assets

2,816

Net

Trade receivables

Assets

3,228

-411

6,978

Increase in

25,668

Inventories

Inventories

22,895

Net assets

+2,773

4,910

+2,068

Increase in merchandise

and finished goods

1,507

Other

1,684

+177

Increase in

Property, plant

5,473

property, plant and

Non-current

4,694

and equipment

equipment

+779

Increase investment in

Assets

plant and equipment

Investments

and

1,157

1,065

Other assets

Sep.30 ,22

+92

Jun.30, 23

Sep.30, 22

Jun.30, 23

UnitMillion yen

Decrease in

Trade payable

Increase in

retained earnings

3

2. Result Forecasts for FY ending September 2023

  1. Sales and Profit Forecasts

Net Sales/Operating Income/Profit Attributable to Owners of Parent

Net Sales

Operating Income

Profit Attributable to Owners of Parent

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

(Million yen)

12,000

33,980

28,953

9,000

6,000

3,000

0

FY ended Forecast for

Sep. 2022 FY ending Sep. 2023

(Million yen)

9,000

11,440

8,000

7,000

8,382

6,000

5,000

4,000

3,000

2,000

1,000

0

FY ended

Forecast for

Sep. 2022 FY ending Sep. 2023

(Million yen)

8,210

6,018

FY ended

Forecast for

Sep. 2022

FY ending Sep. 2023

Average foreign exchange rates for the term (the Forecasts of the FY ending Sep. 2023) US$/JPY=137.93, EUR/JPY=147.98 Overseas subsidiary conversion rates (end of June 2023) US$/JPY=144.99, EUR/JPY=157.60

4

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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.