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Financial Results for the Fiscal Year Ending March 31, 2024

To all Kimoto supporters

Shoichi Kobayashi, President and Representative Director

The consolidated financial results for the fiscal year ending March 31, 2024 (April 2023 to March 2024) are as follows.

shown in Millions of yen
Consolidated	Net sales	Operating income	Ordinary income	Net income before taxes
Fiscal year ending March 2024	9,910	214	408	335
Fiscal year ending March 2023	9,623	△626	△512	△567

Regrettably, we fell short of meeting our sales budget for the fiscal year ending on March 31, 2024, despite witnessing growth in both sales and profits for the consolidated fiscal year. While these outcomes are disappointing, we take pride in surpassing our profit projections. Moreover, we're encouraged by the rise in projects within the challenging US market for the ongoing fiscal year, and we remain resolute in our commitment to furthering our endeavors.

Additionally, I'm delighted to announce that we've been chosen as "Next Nadeshiko: Companies Supporting Dual-career and Co-parenting", a program jointly administered by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE). This recognition, highlighted on our website and in an advertisement in the Nihon Keizai Shimbun, underscores our ongoing commitment to reshaping work practices. Our innovative initiatives since 2009, including the adoption of free seating in an open office layout and the implementation of fully flexible work hours, have been acknowledged for fostering an environment where employees can express their individuality and contribute actively, irrespective of factors such as race, nationality, gender, educational background, or age. Moving forward, we remain dedicated to driving further reforms that empower every member of our workforce to thrive within a flexible and inclusive work environment.

Next, I would like to report on topics concerning each division.

The Film Division faced challenges amidst a downturn in electronic device consumption. However, our focus on module-related materials yielded steady growth, alongside increased adoption for automobile interior materials-a key area of recent focus-contributing to profitability. Similarly, we observed a rise in demand for adhesive products designed for heat resistance and insulation in EV (electric vehicle) batteries, further enhancing profits. Moving forward, we remain dedicated to prioritizing the sales of these high value-added products.

Within the Digital Twin Division, the finalization of data preparation for the National Resilience Project-a government initiative spanning five years-has resulted in a reduced workload for the Company, impacting sales. Concurrently, there has been consistent growth in the utilization of 3D data for Building Information Modeling/Construction Information Modeling (BIM/CIM) within the civil engineering sector. Meanwhile, we are beginning to witness promising outcomes from our nascent manufacturing industry DX project, fostering optimistic prospects for the future.

The Technology Division is steadily advancing its reform efforts aimed at quadrupling the output of development activities previously concentrated in Saitama, as measured by the number of developed products commercialized. In mid-January, we completed the first phase of relocating facilities to Mie, a strategic move aimed at expediting the segregation of tasks between design and experimentation. This relocation is expected to substantially increase the number of man-hours dedicated to both functions, thanks to collaboration with factories fostering multi-skilled labor. The second phase is slated for the first quarter of the fiscal year ending on March 31, 2025. Moving forward, we remain committed to streamlining our workflow, enhancing efficiency, and delivering a plethora of new products to meet the needs of our customers.

The Management Division's new core system, which commenced operation in July of last year, has now achieved stable functionality. Moreover, the first financial closing under this system was completed ahead of schedule. Looking ahead, the annual shareholders' meeting is scheduled for May 30 of this fiscal year.

The KIMOTO Group remains committed to coming together to make meaningful contributions to the world. We appreciate the continued support of all KIMOTO fans on this journey.

April 30, 2024
KIMOTO Co.,Ltd.
Shoichi Kobayashi, President and Representative Director

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Financial Results for the Fiscal Year Ended March 31, 2024(Japanese) Notification of Discrepancies between Forecasted and Actual Consolidated Business Performance, and Discrepancies between Non-Consolidated Business Results and Previous Fiscal Year's Actuals(Japanese)

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