Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2022
(Based on Japanese GAAP)
November 7, 2022
Company name:
TAMURA CORPORATION
Stock exchange listing: Tokyo
Stock code:
6768
URL https://www.tamuracorp.com/global/index.html
Representative:President
Masahiro Asada
Inquiries:
Vice President, Corporate Management
Yusaku Hashiguchi
TEL 03-3978-2031
Scheduled date to file Quarterly Securities Report:
November 14, 2022
Scheduled date to commence dividend payments:
December 1, 2022
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended September 30, 2022
49,44620.2
1,648 482.8
1,313 101.2
1,250–
Six months ended September 30, 2021
41,13923.5282(8.7)
652
42.5
(55)
–Earnings per share

Diluted earnings per share

Yen
15.24
(0.68)

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen
15.15–(2) Consolidated financial position
Total assets
As of September 30, 2022
As of March 31, 2022

Net assets

Millions of yen
114,445
104,055

Equity ratio

Millions of yen
54,28350,221%47.2
48.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.00
5.00

Yen–

Yen
5.00

Yen
10.00

–

5.00

10.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
105,000
18.9
4,500 187.6
3,900
94.9
2,700–32.87

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo
No

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 202282,771,473 shares As of March 31, 2022

82,771,473 shares

Number of treasury shares at the end of the period
As of September 30, 2022

1,122,882 shares As of March 31, 2022

622,797 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

82,028,370 shares Six months ended September 30, 2021

282,139,306 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts

As of September 30, 2022

13,707
21,944
581
8,912
2,475
10,7293,419(24)

13,51425,040679
10,622
2,887
13,7623,502(28)

61,74669,98023,549(11,392)

25,479(12,191)

Buildings and structures, net

12,157

13,288

Machinery, equipment and vehicles
Accumulated depreciation

18,039(13,738)

21,028(14,915)

4,301

6,113

9,552
(8,130)10,147(8,567)

1,422

1,580

5,313
6,506
(1,774)

5,363
7,370
(2,343)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net

4,732

5,026

Construction in progress

2,471

500

Total property, plant and equipment

30,39931,872

253
342
720

254
297
791

1,3161,343

Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

5,054
4,439
381
808
(90)

5,472
4,513
459
890
(86)

Total investments and other assets

10,592

11,249Intangible assets
Goodwill
Leased assets
Other
Total intangible assets

Total non-current assets
Total assets

3

42,30944,465104,055

114,445(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

As of September 30, 2022

10,6402,631
12,040
803
814
440
76
1,020
30
3,364

11,073
3,630
16,358
820
873
497
136
1,309
40
3,364

Total current liabilities

31,862

38,104Non-current liabilities
Long-term borrowings
Lease liabilities

13,815
3,711

13,836
3,889

Deferred tax liabilities
Retirement benefit liability
Provision for share awardsProvision for share awards for directors (and otherofficers)
Other

1,536
2,517
–

1,305
2,596
2–

1

389

425

Total non-current liabilities

21,97022,057

Total liabilities

53,83360,162

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

11,82917,01918,102(235)

11,82917,01918,942(582)

46,71647,208

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

Total shareholders' equity

195
2,097
927

172
5,671
926

Total accumulated other comprehensive income

3,220

6,771

181
102

181
121

50,22154,283104,055

114,445

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Net sales
Cost of sales

41,13930,85149,44636,781Gross profit

10,28812,665

Selling, general and administrative expenses

10,005

11,016

Operating profit

282

1,648

Non-operating income
Interest income
Dividend income
Foreign exchange gains
Share of profit of entities accounted for using equity method
Other

26
26
124
98
304

30
47–
127
175

580

382

Interest expenses
Foreign exchange losses
Other

169
–
41

294
351
70

Total non-operating expenses

210

717

652

1,313

32–

01
193

5

195

140
33

8–
–

Total non-operating income
Non-operating expenses

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on reversal of foreign currency translation adjustment
Total extraordinary incomeExtraordinary losses
Loss on sale and retirement of non-current assets
Loss on sale of investment securities
Loss on valuation of shares of subsidiaries and associates

47

8

Profit before income taxes

Total extraordinary losses

610

1,500

Income taxes - current
Income taxes - deferred

443
210

509
(265)

Total income taxes

654

244

Profit (loss)

(43)

1,255

Profit attributable to non-controlling interests

115

Profit (loss) attributable to owners of parent

(55)

1,250

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2021
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income

Six months ended
September 30, 2022
(43)

1,255

39
1
1,565(36)

(22)
–
3,294
(0)

141

293

1,711

3,564

1,667

4,820

1,653

4,800

14

19

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6