Securities Code: 7839

Tokyo Stock Exchange, Prime Market

SHOEI CO., LTD.

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

CONTENTS

Financial Results for the Second Quarter of

the Fiscal Year Ending September 30, 2023

P. 2

Forecasts for the Fiscal Year Ending September 30, 2023

P. 9

At present, no changes are made.

1

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

(1) Financial Highlights

Key points of the financial results for the Second Quarter of the Fiscal Year Ending September 30, 2023

We achieved the production and sales plans laid out at the beginning of the fiscal year. Sales recorded by

  1. our subsidiaries were also generally in line with the plans. The number of units sold increased 1.6% year on year, to 5,000.
  2. Net sales increased 13.2% year on year, reflecting across-the-board price increases in October 2022 and rises in unit prices resulting from the launch of new models, as well as the weakening of the yen. Operating income climbed 24.8% year on year, reflecting lower-than-expected general and administrative
  3. expenses on top of (ii) above, more than offsetting increases in the costs of materials and electricity, among other costs.

Net Sales

Million yen

Operating Income

Profit Attributable to Owners of Parent

16,000

15,216

6,000

Million yen

4,000

Million yen

5,000

13,439

3,456

12,000

4,923

3,000

4,000

3,944

2,000

2,714

8,000

3,000

2,000

4,000

1,000

1,000

0

0

0

FY2022.9

FY2023.9

FY2022.9

FY2023.9

FY2022.9

FY2023.9

Second Quarter()Second Quarter

Second Quarter

Second Quarter)(Second Quarter

Second Quarter

Average foreign exchange rates for the term (the Second Quarter of the FY ending Sep. 2023) US$/JPY=137.81, EUR/JPY=143.48 Overseas subsidiary conversion rates (end of December 2022) US$/JPY=132.70, EUR/JPY=141.47

3

(2) Consolidated Sales Volume and Net Sales by Region

Consolidated Sales Volume and Net Sales by Region

Sales Volume

+5 thousand

Thousand units

400

379

385

1.6

Other

34

+6 thousand

28

China

21.4

41

82

+41 thousand

300

North

+101.8

America

81

43

-38 thousand

-47.5

200

Europe

-1 thousand

145

144

-0.7

100

Japan

-1 thousand

83

81

-2.4

0

2022/9 2023/9

FY2022.9 FY2023.9

(Second2QQuarter) (Second2Q Quarter)

Net Sales

+¥1,776 million

Million yen

16,000

15,216

13.2

1,180

+¥174 million

13,439

17.4

Other

+¥1,611 million

1,005

3,006

+115.5

12,000

China

1,395

-¥756 million

North

1,749

America

-30.2

2,505

8,000

Europe

6,143

+¥620 million

5,522

11.2

4,000

Japan

3,136

+¥125 million

3,010

4.2

0

2023/9

2022/9

FY2022.9

FY2023.9

2Q

2Q

(Second Quarter) (Second Quarter)

4

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Shoei Co. Ltd. published this content on 15 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2023 01:14:04 UTC.