FY2024 1st Quarter Business Results

During the first quarter under review, net sales were ¥39,032 million (up 22.6% year-on-year), operating profit was ¥3,232 million (up 13.6% yoy), ordinary profit was ¥3,642 million (up 15.6% yoy), and net income attributable to owners of the parent company was ¥1,600 million (up 2.7% yoy).

Main factors behind the business results

• At non-consolidated Amano, Parking Systems sales increased significantly due to factors such as compatibility with new banknotes, etc. In addition, Information Systems sales increased in both software and hardware due to vigorous investment by various companies, and Environmental Systems of largescale systems continued to grow, resulting positive overall sales.
  On the other hand, Clean System sales decreased due to the absence of favorable performance in sales of cleaning robots compared with the previous fiscal year.
• In domestic group companies, the consigned parking lot management service business continued to grow, and the cloud service business for T&A sales decreased slightly due to the transfer of operations to Amano and other factors. The digital time stamp business continued to perform well.
• In overseas markets, sales increased in North America, Europe, and Asia, partly due to the effect of yen depreciation. In North America, Parking Systems sales continued to grow due to the effect of new products. In Europe, sales of Information Systems in France continued to grow by capturing customer needs. However, in North America and Europe, increased employees and rising labor costs put downward pressure on profits. In Asia, Parking Systems sales grew in South Korea and Hong Kong, and Environmental Systems sales grew in Thailand.

FY2024 1st Quarter	Summary Financial Statements (Consolidated) FY2024 1Q Report