Scroll : Summary of Consolidated Financial Results for the Three Months Ended June 30,2023

Translation

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.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2023 (Based on Japanese GAAP)

			July 28, 2023
Company name:	Scroll Corporation
Stock exchange listing:	Tokyo
Stock code:	8005	URL	https://www.scroll.jp/
Representative:	President		Tomohisa Tsurumi

Inquiries:	Director, General Manager of Corporate	Yasunori Sugimoto	TEL [phone] (from overseas)
Management Dept.
Scheduled date to file Quarterly Securities Report:			August 8, 2023
Scheduled date to commence dividend payments:			-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:			No
							(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
(1) Consolidated operating results (cumulative)						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	%
Three months ended June 30, 2023		20,791	0.1	2,057	1.9	2,103		7.5	1,463	10.5
Three months ended June 30, 2022		20,768	(4.9)	2,019	(31.7)	1,955		(34.4)	1,324	(34.1)
			Earnings per share		Diluted earnings per share
				Yen			Yen
Three months ended June 30, 2023			41.85			-
Three months ended June 30, 2022			37.98			-
(2) Consolidated financial position
			Total assets		Net assets	Equity ratio
			Millions of yen		Millions of yen				%
As of June 30, 2023				52,232			32,604				62.4
As of March 31, 2023				53,200			31,997				60.1

2. Cash dividends

		Annual dividends per share
	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Year ended March 31, 2023	-	10.00	-	38.00	48.00
Year ending March 31, 2024	-
Year ending March 31, 2024 (Forecast)		24.00	-	24.00	48.00

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

								Percentages indicate year-on-year changes
	Net sales		Operating profit	Ordinary profit		Profit attributable to	Earnings per share
			owners of parent
	Millions of yen	%	Millions of yen	%	Millions of yen		%	Millions of yen		%	Yen
Full year	83,000	2.4	6,100	(0.4)	6,200		0.1	4,200		0.7	119.79

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

	As of June 30, 2023	35,098,550	shares	As of March 31, 2023	34,981,050	shares
Number of treasury shares at the end of the period
	As of June 30, 2023	9,231	shares	As of March 31, 2023	9,181	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2023	34,973,154	shares	Three months ended June 30, 2022	34,865,766	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

		(Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Assets
Current assets
Cash and deposits	10,267	6,776
Accounts receivable - trade	11,377	13,086
Inventories	8,754	9,690
Other	6,237	6,391
Allowance for doubtful accounts	(487)	(472)
Total current assets	36,149	35,472
Non-current assets
Property, plant and equipment
Buildings and structures, net	6,499	6,394
Land	5,489	5,489
Other, net	940	880
Total property, plant and equipment	12,928	12,764
Intangible assets
Goodwill	42	32
Other	728	693
Total intangible assets	770	725
Investments and other assets
Other	3,733	3,709
Allowance for doubtful accounts	(381)	(440)
Total investments and other assets	3,352	3,269
Total non-current assets	17,051	16,759
Total assets	53,200	52,232
Liabilities
Current liabilities
Accounts payable - trade	2,707	2,649
Short-term borrowings	3,000	3,000
Accounts payable - other	7,516	7,112
Income taxes payable	1,453	660
Provisions	515	231
Other	1,337	1,276
Total current liabilities	16,529	14,930
Non-current liabilities
Long-term borrowings	3,000	3,000
Provisions	54	53
Retirement benefit liability	1,456	1,480
Other	162	162
Total non-current liabilities	4,673	4,696
Total liabilities	21,203	19,627

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		(Millions of yen)
	As of March 31, 2023	As of June 30, 2023
Net assets
Shareholders' equity
Share capital	6,064	6,116
Capital surplus	6,993	7,045
Retained earnings	18,344	18,478
Treasury shares	(4)	(4)
Total shareholders' equity	31,396	31,636
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	566	702
Deferred gains or losses on hedges	(13)	213
Foreign currency translation adjustment	47	51
Total accumulated other comprehensive income	600	968
Total net assets	31,997	32,604
Total liabilities and net assets	53,200	52,232

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

		(Millions of yen)
	Three months ended	Three months ended
	June 30, 2022	June 30, 2023
Net sales	20,768	20,791
Cost of sales	12,792	12,124
Gross profit	7,975	8,667
Selling, general and administrative expenses	5,956	6,610
Operating profit	2,019	2,057
Non-operating income
Interest income	4	4
Dividend income	25	28
Other	14	45
Total non-operating income	44	78
Non-operating expenses
Interest expenses	5	5
Foreign exchange losses	102	25
Other	0	1
Total non-operating expenses	108	32
Ordinary profit	1,955	2,103
Extraordinary income
Gain on sale of businesses	-	100
Total extraordinary income	-	100
Extraordinary losses
Loss on retirement of non-current assets	3	3
Loss on sale of investment securities	2	-
Total extraordinary losses	5	3
Profit before income taxes	1,949	2,200
Income taxes - current	569	617
Income taxes - deferred	55	118
Total income taxes	625	736
Profit	1,324	1,463
Profit attributable to owners of parent	1,324	1,463

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