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, 2023
(Based on Japanese GAAP)May 12, 2023
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, IR Division

Hiroyuki Maki
Yasukazu KouketsuScheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 26, 2023
June 27, 2023

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

June 8, 2023
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, 2023 (from April 1, 2022 to March 31, 2023)(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, 2023
142,576(1.1)
4,518(64.4)
4,718(63.9)
3,057(67.3)
Year ended March 31, 2022
144,137–
12,69843.5
13,083
44.2
9,346
41.1
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%–
4.9
5.0
3.2
–
16.2
14.4
8.8

Diluted earnings per
shareEarnings per shareYen
181.23584.32

Year ended March 31, 2023
Year ended March 31, 2022
(2) Consolidated financial position

Total assets
As of March 31, 2023
As of March 31, 2022

Net assets

Equity ratio

Millions of yen
93,41095,798Millions of yen
62,463
63,123

Cash flows fromoperating activities
Millions of yen
392
1,005

Cash flows frominvesting activities
Millions of yen
2,744(1,839)Net assets per share%
66.9
65.9

Yen
3,705.70
3,739.64(3) Consolidated cash flows

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

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(4,506)
20,506(6,958)21,834

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

Year ended March 31, 2022
Year ended March 31, 2023
Year ending March 31, 2024
(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

%%

––

50.00
60.00

––

60.00
60.00

110.00120.00

1,767
2,023

18.8
66.2

3.1
3.2

–60.00–60.00120.00167.4

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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
5.2
4,000 (11.5)
4,300(8.9)
3,000(1.9)
177.98

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2023
(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:

Yes
No

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, 2023

16,937,873 shares As of March 31, 2022

17,937,873 shares

Number of treasury shares at the end of the period
As of March 31, 2023

81,726 shares As of March 31, 2022

1,064,359 shares

16,872,713 shares Year ended March 31, 2022

15,996,338 shares

Average number of shares during the period
Year ended March 31, 2023

2

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of March 31, 2023

AssetsCurrent assets
Cash and deposits
Notes receivable - trade21,83453

20,50668

Accounts receivable - trade
Securities

15,877
6,687

16,625–Merchandise and finished goods
Raw materials and supplies

15,848
5,963

15,284
7,136

Accounts receivable - other
Advance payments to suppliers

732
596

1,696
1,159

29
1,151

2,098
711

954
(6)

740
(7)

69,722

66,02016,899(13,060)

17,050(13,347)

Buildings and structures, net

3,838

3,702

Machinery, equipment and vehicles
Accumulated depreciation

18,316(14,673)

18,738(14,958)

3,643

3,779

3,783
(3,268)4,075(3,471)

515

604

Land
Construction in progress

2,992
43

3,047
102

Total property, plant and equipment

11,033

11,236

Income taxes refund receivable
Consumption taxes refund receivable
Other
Allowance for doubtful accounts
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

Intangible assets
Other

2,012

3,394

Total intangible assets

2,012

3,394

Investments and other assets
Investment securities

10,662

10,395

Deferred tax assets
Other

1,602
884

1,645
841

Allowance for doubtful accounts

(118)

(124)

Total investments and other assets

13,03012,757

26,07527,38995,79893,410Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2022

As of March 31, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade13,466

14,588

807
861

742
99

Accrued expenses
Income taxes payable

3,142
1,507

2,920
303

Accounts payable - otherContract liabilities

3,820
4,078

3,117
4,432

757
26

1,291
15

Provision for product warranties
Other

79
1,068

74
354

Total current liabilities

29,61827,941

Non-current liabilities
Long-term borrowings

99

–

67
2,305

55
2,173

Provision for retirement benefits for directors (and otherofficers)

237

501

Provison for recycles
Other

141
203

140
133

3,056

3,005

32,67430,946

Shareholders' equity
Share capital

1,000

1,000

Capital surplus
Retained earnings

250
64,898250
61,092

Treasury shares(3,486)(267)

Total shareholders' equity

62,662

62,075

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

605
243

611
31

Foreign currency translation adjustment
Remeasurements of defined benefit plans

(110)
(299)

(31)
(222)

Total accumulated other comprehensive income

438

388

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

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

Deferred tax liabilities
Retirement benefit liability

Total non-current liabilities
Total liabilities
Net assets

Accumulated other comprehensive income

Share acquisition rights
Total net assets
Total liabilities and net assets

422–63,123

62,463

95,79893,410Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Net sales

144,137

142,576

Cost of sales

100,219

106,589

Gross profit

43,91835,987

Selling, general and administrative expenses

31,22031,468Operating profit

12,698

4,518

Non-operating income
Interest income

00

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

245
38

113
147

Royalty income
Subsidy income

150
149

35
88

Other

272

128

Total non-operating income

856

512

Interest expenses
Foreign exchange losses

7190

3220

Commission expenses
Depreciation

75
7

64

Provision of allowance for doubtful accounts
Other

98
90

–
77

Non-operating expenses

Total non-operating expenses

470

312

13,083

4,718

Gain on reversal of share acquisition rights–

22

Total extraordinary income–

22

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

47–

71
166

Loss on litigation–

415

Total extraordinary losses

47652

Profit before income taxes

13,036

4,088

Income taxes - current

3,751

1,041

Ordinary profit
Extraordinary income

Extraordinary losses

Income taxes - deferred

(62)

(10)

Total income taxes

3,689

1,030

Profit

9,346

3,057

Profit attributable to owners of parent

9,346

3,057

5

Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2022

March 31, 2023
9,346

3,057

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(157)
676(212)

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

5375

46105

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

163

Total other comprehensive income
Comprehensive income

54(50)

9,401

3,007

9,401

3,007

Comprehensive income attributable toComprehensive income attributable to owners of parent

6Consolidated statements of changes in equity
Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

1,000

Retained earnings

4,404

Total shareholders'equityTreasury shares

65,117(18,735)

51,786

Changes during period
Dividends of surplus(1,391)(1,391)

Profit attributable toowners of parent

9,346

9,346

Purchase of treasury
shares
Disposal of treasury
shares1,736

Cancellation of treasury
shares(5,890)(8,193)

Change in scope ofequity method(4,668)(4,668)

5,834

7,570

14,083–1717

Net changes in items
other than shareholders'equityTotal changes during
periodBalance at end of period–(4,154)(219)

15,24910,8751,000250

64,898(3,486)

62,662

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 of
period

765

176

(187)

(370)

Total
accumulated
othercomprehensive
income383

Share acquisitionrightsTotal net assets

2252,193

Changes during period
Dividends of surplus(1,391)

Profit attributable toowners of parent

9,346

Purchase of treasuryshares(4,668)

Disposal of treasury
shares7,570

Cancellation of treasury
shares–Change in scope ofequity method

17

Net changes in items
other than shareholders'equity

(160)

67

76

71

54

–

54

Total changes duringperiod

(160)

67

76

71

54

–

10,930

Balance at end of period605

243(110)

(299)

438

2263,123

7

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 duringperiod5(212)

7977(50)

(22)

(659)

Balance at end of period611

31(31)

(222)

388

–

62,4638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, 2022

March 31, 2023
13,036

4,088

Depreciation
Amortization of goodwill

2,280
109

2,254
–

Increase (decrease) in provision for product warranties
Interest and dividend income

(6)
(245)

(5)
(113)Share of loss (profit) of entities accounted for using equity
method

(38)

(147)

Interest expenses
Loss on litigation

7–

3415

Loss (gain) on valuation of investment securities
Loss on retirement of non-current assets

–47

166
71

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

–
(92)

(22)
(133)

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

60(7,979)224(563)

Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes(1,245)(254)850(650)Decrease (increase) in consumption taxes refund receivable
Decrease (increase) in accounts receivable - other(801)
18439
(963)

Increase (decrease) in accounts payable - other
Other, net(97)
217(670)
(826)

5,015

4,417

Interest and dividends received
Interest paid

245
(5)

517
(2)

Payments for loss on litigation
Income taxes paid–(4,341)(415)(4,248)

91

124

1,005

392

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(1,250)61(1,857)
12

Purchase of intangible assets
Proceeds from sale of shares of subsidiaries resulting in(1,287)(2,046)–91(6,714)(6,866)

7,289

13,411

Subtotal

Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities

change in scope of consolidation
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

963(1)(1,839)2,744

(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

Fiscal year ended

Fiscal year ended

March 31, 2022

March 31, 2023
(899)

(861)

(4,668)(57)

a subsidiary
Dividends paid–

(1,562)(1,391)(2,024)

Net cash provided by (used in) financing activities(6,958)(4,506)

Effect of exchange rate change on cash and cash equivalents

6440

Net increase (decrease) in cash and cash equivalents(7,727)(1,327)

Cash and cash equivalents at beginning of period

29,562

21,834

Cash and cash equivalents at end of period

21,83420,506

10