Aoyama Trading : (Correction and Numerical Data Correction)Partial Amendment to the "Summary of Financial Results for the Year Ended March 2024"

To whom it may concern

Company Name Aoy ama

Representative P r e s

June 24, 2024

Trading Co . , Ltd .

i d e n t	O s a m u
A o y a m a

( C o d e N o . 8 2 1 9 , T S E P r i m e

C o n t a c t Direc tor, Senior Managing Executive Officer, and General Manager of Group Management D i v . , M a n a g e r o f G e ne r a l P l a n n i n g a n d P o l i c y D e p t

M a r k e t )

K o i c h i Y a m a n e

（ T E L 0 8 4 - 9 2 0 - 0 0 5 0 ）

(Correction and Numerical Data Correction)

Partial Amendment to the "Summary of Financial Results for the Year Ended March

2024 [Japanese standards] (Consolidated)"

AOYAMA TRADING Co., Ltd. hereby announces that it has made a partial correction to the" "Summary of Financial Results for the Year Ended March 2024 [Japanese standards] (Consolidated)" announced on May 10, 2024. Details are as follows.

Also, as the numerical data (XBRL data) has been corrected, we will send the corrected numerical data as well. Description

1. Corrections

• 3. Consolidated Financial Statements and Main Notes

(1) Consolidated Balance Sheet
(5) Notes to Consolidated Financial Statements
(Change in Presentation Methods)
(Segment Information etc.)

Corrections are underlined.

- 1 -

[Before correction]

3. Consolidated Financial Statements and Main Notes

(1) Consolidated Balance Sheet

		(Unit: million yen)
	The previous consolidated fiscal	The current consolidated
	year	fiscal year
	(March 31, 2023)	(March 31, 2024)
Assets
Current assets
Cash and deposits	93,102	82,552
Notes receivable - trade	66	91
Accounts receivable - trade	16,287	18,107
Marketable securities	-	1,800
Merchandise and finished goods	38,796	45,912
Work in process	577	413
Raw materials and supplies	2,605	2,626
Operating loans	52,889	53,219
Others	3,972	2,540
Allowance for doubtful accounts	(138)	(173)
Total current assets	208,160	207,090
Non-current assets
Property, plant and equipment
Buildings and structures	127,376	133,450
Accumulated depreciation	(93,791)	(100,886)
Buildings and structures (net)	33,584	32,563
Machinery, equipment and vehicles	8,168	8,480
Accumulated depreciation	(7,297)	(7,492)
Machinery, equipment and vehicles (net)	870	988
Land	40,489	40,845
Leased assets	19,434	22,377
Accumulated depreciation	(13,106)	(15,942)
Leased assets (net)	6,327	6,434
Construction in progress	123	97
Others	15,261	15,618
Accumulated depreciation	(12,469)	(12,734)
Other (net)	2,792	2,884
Total property, plant and equipment	84,187	83,813
Intangible assets
Goodwill	4,377	3,574
Others	4,990	4,958
Total Intangible assets	9,368	8,532
Investments and other assets
Investment securities	6,154	7,471
Long-term loans receivable	1,318	1,075
Retirement benefit asset	1	183
Deferred tax assets	9,402	10,450
Leasehold and guarantee deposits	17,064	16,401
Investment property	5,981	-
Accumulated depreciation	(5,981)	-
Others	800	807
Allowance for doubtful accounts	(289)	(262)
Total investments and other assets	34,453	36,128
Total non-current assets	128,009	128,475
Total deferred assets	75	31
Total assets	336,244	335,597
	- 2 -

(5) Notes to Consolidated Financial Statements

(Change in Presentation Method)

In the past, real estate lease revenues and real estate lease expenses were posted to" "Non-operating income" and "Non- operating expenses," but from the consolidated first quarter, they have been changed to be posted to "Net sales" "and" "Cost of sales."

This change was made in order to more appropriately present the actual condition of each business, given the recognition that real estate rental income is a stable source of income, that an increase in real estate rental income is expected due to an increase in real estate rental properties, and that the Company's division that centrally manages and operates rental real estate has come to appropriately manage profitability.

Certain reclassifications have been made to the prior year's Total consolidated financial statement to reflect this change in presentation.

As a result, 2,074 million yen, which was included in "Rental income from real estate" of "Non-operating income" in the consolidated Statement of Income for the previous consolidated fiscal year, has been reclassified to "Net sales" and "Rental costs of real estate," which was included in "Non-operating expenses." 1,711 million yen has been reclassified to "Cost of sales."

In addition, in the previous consolidated fiscal year, 2,769 million yen included in "Investment property (net)" of "Investments and other assets" in Consolidated Balance Sheets has been reclassified to "Buildings and structures (net)" of Property, plant and equipment by 388 million yen, "Land" by 2,381 million yen, and "Others" by 0 million yen.

(Segment Information etc.) [Segment Information]

4. Information on the amounts of Net sales, profits or losses, assets, and liabilities Other items by reportable segment

The current consolidated fiscal year (From April 1, 2023 To March 31, 2024)

(Unit: million yen)

Reportable segment

Amount

recorded in

Total

Others

Adjustm

the

Business

Credit

Printing

Sundry

Real

Total

ents

consolidate

(Note 1)

Repair

Franchisee

(Note 2)

d financial

Wear

Card

and Media

Sales

Estate

Total

Service

Business

statements

Business

Business

Business

Business

Business

Business

(Note 3)

(Omitted)

Segment assets

171,396

69,615

7,964

7,049

18,103

10,260

3,964

288,354

1,406 289,760

45,837

335,597

(Omitted)

[Information on Impairment loss in Non-current assets by reportable segment]

The current consolidated fiscal year (From April 1, 2023 To March 31, 2024)

(Unit: million yen)

				Reportable segment
	Business		Printing and		Total Repair		Real		Others	Adjustments	Total
	Wear	Credit Card	Sundry Sales	Franchisee	Total
	Business	Business	Media	Business	Service	Business	Estate
	Business	Business	Business
	(Note 1)
Impairment	562	-	-	63	42	68	-	736	418	- 70	1,084
loss

- 3 -

[After correction]

3. Consolidated Financial Statements and Main Notes

(1) Consolidated Balance Sheet

		(Unit: million yen)
	The previous consolidated fiscal	The current consolidated
	year	fiscal year
	(March 31, 2023)	(March 31, 2024)
Assets
Current assets
Cash and deposits	93,102	82,552
Notes receivable - trade	66	91
Accounts receivable - trade	16,287	18,107
Marketable securities	-	1,800
Merchandise and finished goods	38,796	45,912
Work in process	577	413
Raw materials and supplies	2,605	2,626
Operating loans	52,889	53,219
Others	3,972	2,540
Allowance for doubtful accounts	(138)	(173)
Total current assets	208,160	207,090
Non-current assets
Property, plant and equipment
Buildings and structures	133,302	133,450
Accumulated depreciation	(99,717)	(100,886)
Buildings and structures (net)	33,584	32,563
Machinery, equipment and vehicles	8,168	8,480
Accumulated depreciation	(7,297)	(7,492)
Machinery, equipment and vehicles (net)	870	988
Land	40,489	40,845
Leased assets	19,434	22,377
Accumulated depreciation	(13,106)	(15,942)
Leased assets (net)	6,327	6,434
Construction in progress	123	97
Others	15,317	15,618
Accumulated depreciation	(12,525)	(12,734)
Other (net)	2,792	2,884
Total property, plant and equipment	84,187	83,813
Intangible assets
Goodwill	4,377	3,574
Others	4,990	4,958
Total Intangible assets	9,368	8,532
Investments and other assets
Investment securities	6,154	7,471
Long-term loans receivable	1,318	1,075
Retirement benefit asset	1	183
Deferred tax assets	9,402	10,450
Leasehold and guarantee deposits	17,064	16,401
Others	800	807
Allowance for doubtful accounts	(289)	(262)
Total investments and other assets	34,453	36,128
Total non-current assets	128,009	128,475
Total deferred assets	75	31
Total assets	336,244	335,597

- 4 -

(5) Notes to Consolidated Financial Statements

(Change in Presentation Method)

In the past, real estate lease revenues and real estate lease expenses were posted to" "Non-operating income" and "Non- operating expenses," but from the consolidated first quarter, they have been changed to be posted to "Net sales" "and" "Cost of sales."

This change was made in order to more appropriately present the actual condition of each business, given the recognition that real estate rental income is a stable source of income, that an increase in real estate rental income is expected due to an increase in real estate rental properties, and that the Company's division that centrally manages and operates rental real estate has come to appropriately manage profitability.

Certain reclassifications have been made to the prior year's Total consolidated financial statement to reflect this change in presentation.

As a result, 2,074 million yen, which was included in "Rental income from real estate" of "Non-operating income" in the consolidated Statement of Income for the previous consolidated fiscal year, has been reclassified to "Net sales" and "Rental costs of real estate," which was included in "Non-operating expenses." 1,711 million yen has been reclassified to "Cost of sales."

In addition, at Consolidated Balance Sheets in The previous consolidated fiscal year, the 8,751 million yen listed as "Investment property" in "Investments and other assets" has been reclassified as "Buildings and structures" in Property, plant and equipment as 6,314 million yen, "Land" as 2,381 million yen, and "Others" as 56 million yen, and the (5,981) million yen listed as "Accumulated depreciation" in "Investments and other assets" has been reclassified as "Buildings and structures" as "Accumulated depreciation" in "Property, plant and equipment" as (5,925) million yen, and "Others" as "accumulated depreciation" (56) million yen .

(Segment Information etc.) [Segment Information]

4. Information on the amounts of Net sales, profits or losses, assets, and liabilities Other items by reportable segment

The current consolidated fiscal year (From April 1, 2023 To March 31, 2024)

(Unit: million yen)

Reportable segment

Amount

recorded in

Total

Others

Adjustm

the

Business

Credit

Printing

Sundry

Real

Total

ents

consolidate

(Note 1)

Repair

Franchisee

(Note 2)

d financial

Wear

Card

and Media

Sales

Estate

Total

Service

Business

statements

Business

Business

Business

Business

Business

Business

(Note 3)

(Omitted)

Segment assets

171,484

69,615

7,964

7,049

18,103

10,172

3,964

288,354

1,406 289,760

45,837

335,597

(Omitted)

[Information on Impairment loss in Non-current assets by reportable segment]

The current consolidated fiscal year (From April 1, 2023 To March 31, 2024)

(Unit: million yen)

				Reportable segment
	Business	Credit Card	Printing and	Sundry Sales	Total Repair	Franchisee	Real	Total	Others	Adjustments	Total
	Wear	Business	Media	Business	Service	Business	Estate
	Business	Business	Business	Business
Impairment	473	-	-	63	42	156	-	736	418	- 70	1,084
loss

2. Reason for correction

An error was found in the description of the above part.

• 5 -