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 Year Ended March 31, 2024
(Based on Japanese GAAP)May 13, 2024
Company name:

MELCO HOLDINGS INC.

Stock exchange listing: Tokyo, Nagoya
Stock code:
6676
URL
Representative:
Inquiries:

https://melco-hd.jp/President and CEO
General Manager, CEO's Office

Hiroyuki Maki
Hideto FukayaScheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 26, 2024
June 27, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

June 11, 2024
Yes

Holding of financial results meeting:

Yes

TEL

03-4213-1122(for analysts and institutional investors)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
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%
Year ended March 31, 2024
145,773
2.2
2,597(42.5)
2,575(45.4)
3,012(1.5)
Year ended March 31, 2023
142,576(1.1)
4,518(64.4)
4,718(63.9)
3,057(67.3)
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
–
4.8
2.7
1.8–
4.9
5.0
3.2

Diluted earnings pershare

Earnings per share
Yen
179.66181.23

Year ended March 31, 2024
Year ended March 31, 2023
(2) Consolidated financial position

Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
95,936
93,410Millions of yen
63,922
62,463

Cash flows fromoperating activities
Millions of yen
6,625
392

Cash flows frominvesting activities
Millions of yen
5,366
2,744

Net assets per share
%
66.6
66.9

Yen
3,826.71
3,705.70(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows fromCash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(2,606)29,958(4,506)
20,506

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

60.00
60.00

––

60.00
60.00

120.00120.00

2,023
2,008

66.2
66.8

3.2
3.2

–60.00–60.00120.00155.7

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Net sales
Full year

Millions of yen
150,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen
2.9
5,800 123.3
5,800 125.2
3,600
19.5
215.51

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(2) 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:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

16,937,873 shares As of March 31, 2023

16,937,873 shares

Number of treasury shares at the end of the period
As of March 31, 2024

233,526 shares As of March 31, 2023

81,726 shares

Average number of shares during the period
Year ended March 31, 2024

16,766,927 shares Year ended March 31, 2023

2

16,872,713 shares

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and deposits
Notes receivable - trade

20,50668

29,95851

Accounts receivable - trade
Merchandise and finished goods

16,625
15,284

20,47914,784

Raw materials and supplies
Accounts receivable - other

7,136
1,696

6,896
581

Advance payments to suppliers
Income taxes refund receivable

1,159
2,098

565
211

Consumption taxes refund receivable
Other

711
740

769
1,337

Allowance for doubtful accounts

(7)

(8)

66,02075,627

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

17,05017,194(13,347)(13,642)

Buildings and structures, net

3,702

3,552

Machinery, equipment and vehicles

18,73819,121

Accumulated depreciation(14,958)(15,422)

3,779

3,699

Machinery, equipment and vehicles, net
Tools, furniture and fixtures

4,075

4,334

Accumulated depreciation(3,471)(3,808)Tools, furniture and fixtures, net
LandConstruction in progress

604

525

3,047

3,056

102

247

11,236

11,080

Other

3,394

3,705

Total intangible assets

3,394

3,705

10,395
1,645

3,741
1,088

Other
Allowance for doubtful accounts

841
(124)

835(142)

Total investments and other assets

12,757

5,523

27,38920,30893,41095,936

Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Deferred tax assets

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade

14,588

14,213

742
99

1,263
–

Accrued expenses
Income taxes payable

2,920
303

3,943
748

Accounts payable - otherContract liabilities

3,117
4,432

3,451
4,680

Deposits received
Provision for bonuses for directors (and other officers)

1,291
15

139
774
354

67
552

Total current liabilities

27,941

29,068Non-current liabilities
Deferred tax liabilities

55

169

2,173

1,708

501

790

140

139

133

137

Electronically recorded obligations - operating
Current portion of long-term borrowings

Provision for product warranties
Other

Retirement benefit liability
Provision for retirement benefits for directors (and otherofficers)
Provison for recycles
Other
Total non-current liabilities

3,005

2,945

30,94632,014

Share capital
Capital surplus

1,000250

1,000250

Retained earnings
Treasury shares

61,092(267)

62,097(756)

Total shareholders' equity

62,07562,590Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

611

1,030

Deferred gains or losses on hedges
Foreign currency translation adjustment

31(31)

150(4)

Remeasurements of defined benefit plans

(222)

155

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4388

1,332

62,46363,922

93,41095,936

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Net sales

142,576

145,773

Cost of sales

106,589

109,700

Gross profit

35,98736,072

Selling, general and administrative expenses

31,46833,474

Operating profit

4,518

2,597

Non-operating income
Interest income

00

Dividend income
Share of profit of entities accounted for using equity method

113147

82–Royalty income
Subsidy income

35883533Other

128

135

Total non-operating income

512

287

32200188

Share of loss of entities accounted for using equity method
Commission expenses

–
626
5

Depreciation
Other

477

286

Non-operating expenses
Interest expenses
Foreign exchange losses

Total non-operating expenses

312

309

4,718

2,575

Gain on sale of investment securities
Gain on sale of shares of subsidiaries and associates

–
–

100
1,997

Gain on reversal of share acquisition rights

22–

Total extraordinary income

22

2,097

Loss on retirement of non-current assets
Loss on valuation of investment securities

71
166

63–

Loss on litigation

415–

Ordinary profit
Extraordinary income

Extraordinary losses

652

63

Profit before income taxes

Total extraordinary losses

4,088

4,609

Income taxes - current

1,041

1,308

Income taxes - deferred

(10)

288

Total income taxes

1,030

1,597

Profit

3,057

3,012

Profit attributable to owners of parent

3,057

3,012

5Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
3,057

3,012Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

6(212)

416
119

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

46
105

83
344

3(19)

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income

(50)

943

3,007

3,956

3,007

3,956

Comprehensive income attributable toComprehensive income attributable to owners of parent

6Consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

1,000

Retained earnings

250

Total shareholders'equityTreasury shares

64,898(3,486)

62,662

Changes during period
Dividends of surplus(2,024)(2,024)

Profit attributable toowners of parent

3,057

3,057

Purchase of treasury
shares(57)(57)

Payment of thedifference in thepurchase of treasury
stock of a subsidiary(1,562)

Cancellation of treasury
shares(3,276)

3,276–(1,562)

Net changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period––(3,805)

3,218(586)

1,000

250

61,092(267)

62,075

Accumulated other comprehensive income
Valuation
Foreign currency Remeasurements
difference on Deferred gains ortranslationof defined
available-for-sale losses on hedges
adjustment
benefit planssecurities
Balance at beginning ofperiod

605

243

(110)

(299)

Total
accumulated
othercomprehensive
income438

Share acquisitionrightsTotal net assets

22

63,123

Changes during period
Dividends of surplus(2,024)

Profit attributable toowners of parent

3,057

Purchase of treasury
shares(57)

Payment of thedifference in thepurchase of treasury
stock of a subsidiary(1,562)

Cancellation of treasury
sharesNet changes in items
other than shareholders'equity–5(212)

79

77(50)(22)(73)

Total changes during
period5(212)

79

77(50)

(22)

(659)

Balance at end of period611

31(31)

(222)

388

–

62,463

7

Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

1,000

Retained earnings

250

Total shareholders'equityTreasury shares

61,092(267)

62,075

Changes during period
Dividends of surplus(2,017)(2,017)

Profit attributable toowners of parent

3,012

3,012

Purchase of treasury
shares(489)

Change in scope ofequity method

(489)

99

Net changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period––

1,004(489)515

1,000250

62,097(756)

62,590

Accumulated other comprehensive income
Valuation
Foreign currency Remeasurements
difference on Deferred gains ortranslationof defined
available-for-sale losses on hedges
adjustment
benefit planssecurities
Balance at beginning ofperiod611

31(31)

(222)

Total
accumulated
othercomprehensive
income388

Total net assets

62,463

Changes during period
Dividends of surplus(2,017)

Profit attributable toowners of parent

3,012

Purchase of treasury
shares(489)

Change in scope ofequity method

9

Net changes in items
other than shareholders'equity

419

119

27

377

943

943

Total changes during
period

419

119

27

377

943

1,458

Balance at end of period

1,030

150(4)

155

1,332

63,9228Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
4,088

4,609

Depreciation
Increase (decrease) in provision for product warranties

2,254
(5)

3,071
(7)

Interest and dividend income
Share of loss (profit) of entities accounted for using equity

(113)

(83)

(147)

26

30

Loss on litigation
Loss (gain) on sale of shares of subsidiaries and associates

415––(1,997)

Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities

–
166

(100)
–

Gain on reversal of share acquisition rights
Increase (decrease) in retirement benefit liability

(22)
(133)

–(472)

Decrease (increase) in trade receivables
Decrease (increase) in inventories

224
(563)

(3,011)
823

Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes

850
(650)

(459)
202

Decrease (increase) in consumption taxes refund receivable
Decrease (increase) in accounts receivable - other

439
(963)

(58)
1,124

Increase (decrease) in accounts payable - other
Other, net(670)
(755)

689
2,113

Subtotal

4,417

6,470

Interest and dividends received
Interest paid

517
(2)

487
(0)

Payments for loss on litigation
Income taxes paid

(415)
(4,248)–(2,540)

Income taxes refund

124

2,208

Net cash provided by (used in) operating activities

392

6,625

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(1,857)12(2,053)
6

Purchase of intangible assets
Proceeds from sale of shares of subsidiaries and associates(2,046)–(1,479)
8,811

Proceeds from sale of shares of subsidiaries resulting inchange in scope of consolidation

91–(6,866)(30)

13,411130

methodInterest expenses

Cash flows from investing activities

Purchase of short-term and long-term investment securities
Proceeds from sale and redemption of short-term and longterm investment securities
Other, net
Net cash provided by (used in) investing activities

9(1)

(19)

2,744

5,366

(Millions of yen)

Cash flows from financing activities
Repayments of long-term borrowings
Purchase of treasury shares
Payment of the difference in the purchase of treasury stock of
a subsidiary
Dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024
(861)

(99)

(57)

(489)

(1,562)–(2,024)(2,017)(4,506)(2,606)

4066

Net increase (decrease) in cash and cash equivalents(1,327)

9,451

Cash and cash equivalents at beginning of period

21,83420,506

Cash and cash equivalents at end of period

20,50629,95810