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 Three Months Ended June 30, 2022
(Based on Japanese GAAP)
August 5, 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 ManagementYusaku Hashiguchi
Scheduled date to file Quarterly Securities Report:
August 9, 2022
Scheduled date to commence dividend payments:–Preparation of supplementary material on quarterly financial results: No
Holding of quarterly financial results meeting:
NoTEL

03-3978-2031(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2022
23,98122.8
677 546.1
692 190.0
158–
Three months ended June 30, 2021
19,529
27.8
104
–
238
–(266)–
Earnings per share

Diluted earnings per shareYen
1.93(3.24)

Three months ended June 30, 2022
Three months ended June 30, 2021

Yen
1.91
–

(2) Consolidated financial position
Total assets
As of June 30, 2022
As of March 31, 2022

Net assets

Millions of yen
107,863
104,055

Equity ratio

Millions of yen
51,67350,221%47.6
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

Yen–

Yen
5.00

Yen
10.00

5.00

–

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 salesOperating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
45,60010.8
800 182.8
800
22.5200–
2.43
September 30, 2022
Full year
94,000
6.4
3,000
91.7
3,000
49.9
1,800
–
21.91

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 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:

No
No
No

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

82,771,473 shares As of March 31, 2022

82,771,473 shares

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

622,882 shares As of March 31, 2022

622,797 shares

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

82,148,647 shares Three months ended June 30, 2021

282,139,404 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 June 30, 2022

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

13,10822,198
785
9,624
2,885
12,3453,468(25)

61,74664,391

23,549(11,392)

24,123(11,739)

Buildings and structures, net

12,157

12,383

Machinery, equipment and vehicles
Accumulated depreciation

18,039(13,738)

19,176(14,312)

4,301

4,863

9,552
(8,130)9,840(8,340)

1,422

1,500

5,3136,506(1,774)

5,339
7,066
(2,058)

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

5,008

Construction in progress

2,471

2,295

Total property, plant and equipment

30,39931,391

253
342
720

254
310
757

1,316

1,322

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

5,054
4,439
381
808
(90)

5,157
4,491
369
834(93)

Total investments and other assets

10,592

10,759Intangible assets
Goodwill
Leased assets
Other
Total intangible assets

Total non-current assets
Total assets

342,30943,472104,055

107,863(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 liabilitiesIncome taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

As of June 30, 2022

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

11,1403,107
13,310
851
859
447
134
490
18
3,557

Total current liabilities

31,862

33,919Non-current liabilities
Long-term borrowings
Lease liabilities

13,815
3,711

13,683
3,915

Deferred tax liabilities
Retirement benefit liability
Other

1,536
2,517
389

1,748
2,521
400

Total non-current liabilities

21,97022,269Total liabilities

53,83356,189Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

11,82917,01918,102(235)

11,82917,01917,850(235)

46,716

46,463

195
2,097

130
3,859

927

926

3,220

4,917

181
102

181
110

50,221

51,673104,055

107,863

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
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)Three months ended
June 30, 2021

Three months ended
June 30, 2022

Net sales
Cost of sales

19,52914,47423,981
18,035Gross profit

5,055

5,946

Selling, general and administrative expenses

4,950

5,269

Operating profit

104677

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

1817823597

1329403757

252

178

Interest expenses
Loss on valuation of derivatives
Other

85
266141
516

Total non-operating expenses

118

163

238

692

0
10–20

45

Total non-operating income
Non-operating expenses

Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets

45Profit before income taxes

Total extraordinary losses

236688

Income taxes - current
Income taxes - deferred

198
300

258
270

Total income taxes

499

529

Profit (loss)

(262)

158

Profit attributable to non-controlling interests

30

Profit (loss) attributable to owners of parent(266)158

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2021
Profit (loss)
Other comprehensive incomeValuation 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

Three months ended
June 30, 2022(262)

158(31)1
1,404(29)

(64)
–
1,622
(1)

112

147

1,457

1,704

1,194

1,863

1,185

1,854

88

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

6