Prestige International : May 10 Consolidated Results Fiscal Year 2024

Financial Results

For The Fiscal Year Ended March 2024

April 1, 2023 ▶ March 31, 2024

May, 10 2024

Securities Code 4290

⃰This document has been translated from 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.

Executive Summary

Medium- Term Business Plan

3 Consecutive Years

of Sales Growth

• Achieved steady growth in existing consignment businesses during the three-year period of the medium-term business plan, which was affected by the pandemic.

Increased	◼ Despite the impact of lower profitability due to the
All Kinds of Profit	completion of vaccine-related operations, all kinds of
Year-on-Year	profit increased year-on-year.

Formulation of New	◼ Theme "Connecting Growth - Origin/Next 50"
Medium-Term Business Plan

© 2024 PRESTIGE International Inc. All Rights Reserved.

2

▍Financial Results Summary for FY2024.3

▍Financial Results Summary for FY2024.3 by Segment

▍Financial Forecast for FY2025.3

▍KPI: Shareholder Returns

▍Appendix

▍Sustainability

© 2024 PRESTIGE International Inc. All Rights Reserved.

3

▍Financial Results Summary for FY2024.3

© 2024 PRESTIGE International Inc. All Rights Reserved.

4

Summary of Consolidated Results for FY2024.3

(million yen)

Amounts are rounded down to the nearest whole unit.

FY2023.3	FY2024.3	YoY	Full-Year	Achievement
(%)	Forecast	Ratio

Sales	54,562	58,738	+4,175	56,500	104.0%
(+7.7%)
Operating profit	7,840	7,921	+80	8,200	96.6%
(+1.0%)
Ordinary profit	8,378	8,458	+79	8,700	97.2%
(+1.0%)
Profit attributable to	5,318	5,791	+472	5,200	111.4%
owners of parent	(+8.9%)

• Although affected by vaccine-related operations, growth in existing businesses in major segments offset the decline in revenues.
• Operating Profit fell short of the plan due to the impact of a temporary decline in profits from the completion of vaccine- related operations and the revision of the compensation system. However, the target for the final year of the original medium-term business plan was largely achieved.
• Profit attributable to owners of parent increased due to extraordinary gains from the sale of investment securities and the application of tax credits for a wage increase incentive system.

© 2024 PRESTIGE International Inc. All Rights Reserved.

5

Consolidated P&L Statement for FY2024.3

(million yen)

Amounts are rounded down to the nearest whole unit.

FY2023.3

FY2024.3

Change

YoY(%)

	Sales	54,562	58,738	+4,175	+7.7%
	Cost of sales	41,263	44,981	+3,717	+9.0%
	Gross profit	13,299	13,757	+458	+3.4%
	Gross profit margin	24.4％	23.4%	(-1.0pt)	―
	SG&A	5,458	5,835	+337	+6.9%
	Operating profit	7,840	7,921	+80	+1.0%
	Operating profit margin	14.4％	13.5%	(-0.9pt)	―
	Ordinary Profit	8,378	8,458	+79	+1.0%
	Ordinary profit margin	15.4％	14.4%	(-1.0pt)	―
	Profit attributable to	5,318	5,791	+472	+8.9%
	owners of parent
© 2024 PRESTIGE International Inc. All Rights Reserved.				6

Consolidated Balance Sheet As of End of March, 2024

(million yen)

Amounts are rounded down to the nearest whole unit.

End of March

2023

End of March

2024

Change

Change(%)

	Current assets	35,892	40,740	+4,847	+13.5%
	Non-current assets	24,380	27,096	+2,715	+11.1%
	Total assets	60,273	67,836	+7,563	+12.5%
	Current liabilities	15,701	17,778	+2,077	+13.2%
	Non-current liabilities	2,753	2,832	+79	+2.9%
	Total liabilities	18,455	20,611	+2,156	+11.7%
	Shareholders' equity	36,781	40,603	+3,821	+10.4%
	Accumulated other	2,297	3,418	+1,120	+48.8%
	comprehensive income
	Non-controlling	2,738	3,203	+464	+17.0%
	interests, etc.
	Total net worth	41,817	47,224	+5,406	+12.9%
	Total liabilities and	60,273	67,836	+7,563	+12.5%
	equity
© 2024 PRESTIGE International Inc. All Rights Reserved.				7

Quarterly Sales

(million yen)

Q1 Q2 Q3 Q4

60,000

50,000

40,000

30,000

23,385 24,225

20,000 6,281 6,133

6,010 5,716

10,000 5,838 6,449

5,254 5,926

0

58,738

54,562

14,993

								46,744	14,110
						42,377	40,617
							12,483
					37,196	10,672
				33,119		10,568					14,981
								14,272
			29,477		9,816
		27,328
	24,619		8,684				11,967
				11,016
22,223	6,936	7,596			10,309
			9,478
	6,570										14,845
6,010			8,488					13,568
		7,674
	6,920
						11,599
	6,462				10,687	10,266
5,782				9,271
			8,079
		6,816	7,238
5,422	6,050
							12,611	13,917
							10,693
						10,001	9,473
				7,866	8,630
5,007	5,536	6,654	6,967

FY12.3

FY13.3

FY14.3

FY15.3

FY16.3

FY17.3

FY18.3

FY19.3

FY20.3

FY21.3

FY22.3

FY23.3

FY24.3

Due to rounding down fractions, some values may not equal the sum of the separate figures.

© 2024 PRESTIGE International Inc. All Rights Reserved.

8

Quarterly Operating Profit

(million yen)

Q1

10,000

8,000

6,000

4,000

2,000

0

		Q2		Q3		Q4		OPM(full-year)						14.6%	14.4%				15.0%
																			13.5%
						12.6%			12.8%	12.8%	12.6%		12.9%
							12.2%
								12.0%				11.7%			7,840	7,921
11.2%													12.0%
9.8%											6,842
											1,799			2,066
													4,959	5,233	1,918							9.0%
												4,687				2,201
											4,230						1,997
													1,374
										3,768		1,179
													1,860							6.0%
									3,345		1,491
								2,952		1,368
						2,809		1,064			1,247
2,621							1,362
2,380		966				1,953	1,967
		762			1,193
			746		1,051
891					926			1,579
720				737	858		1,128	1,314							3.0%
				782
			468				1,023
619				877	877
	672	790	745				1,886	1,889
605	651							1,484
					978	1,289	1,296
540		609	661	775	899	933
504
											0.0%
	FY12.3	FY13.3	FY14.3	FY15.3	FY16.3	FY17.3	FY18.3	FY19.3	FY20.3	FY21.3	FY22.3	FY23.3	FY24.3

Due to rounding down fractions, some values may not equal the sum of the separate figures.

© 2024 PRESTIGE International Inc. All Rights Reserved.

9

▍Financial Results Summary for FY2024.3 by Segment

© 2024 PRESTIGE International Inc. All Rights Reserved.

10