FOR TRANSLATION PURPOSE ONLY
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 version and the original Japanese version, the latter shall prevail.
May 12, 2022

Summary of Consolidated Financial Results
for the First Quarter of the Fiscal Year 2022 (FY12/2022)[Japanese GAAP] (Consolidated)
Company name:teno Holdings Company Limited
Stock exchange listing:Tokyo, Fukuoka
Securities code:
7037
URL:
https://www.teno.co.jp/
Representative:
President & CEO
Hiroko Ikeuchi
Inquiries:
Director, GM of Administrative Headquarter
Motoshi Okada
Scheduled date to file Securities Report:
May 13, 2022
Scheduled date to commence dividend payments:
N/A
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:No

TEL: 81-92-263-3550(Amounts less than one million yen are rounded down)

1. Consolidated financial results of the first quarter of FY12/2022 (January 1, 2022 – March 31, 2022)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year increase/decrease)
Operatingprofit (loss)

Net sales

Net profit (loss)attributable toowners of parent

million yen%

million yen%

million yen%

million yen

%

2,954
2,965

(0.4)
12.5

95
220

(56.6)
16.2

111
236

(52.7)
26.2

59
147

(59.9)
24.7

1Q of FY12/2022
1Q of FY12/2021(Note) Comprehensive income

Ordinary
profit (loss)

FY12/2022:
FY12/2021:

59 million yen [(59.9)%]147 million yen [ 24.7%]

Net profit (loss) per share

1Q of FY12/2022
1Q of FY12/2021

Diluted net profit (loss) per share
yen

yen

12.68
31.59

12.61
31.31

(2) Consolidated financial position
Total assets

Net assets
million yen

%

8,697
7,294

2,313
2,331

26.6
32.0

1Q of FY12/2022
FY12/2021(Reference) Shareholders equity

FY12/2022:
FY12/2021:

Equity ratio

million yen

2,313 million yen
2,331 million yen

2. Cash dividends
Annual dividends per share
1Q-endFY12/2021
FY12/2022
FY12/2022 (forecasts)

2Q-end3Q-endYear-end

Total

yen

yen

yen

yen

yen

－
－

0.00

－

8.40

8.40

0.00

－

9.00

9.00

3. Consolidated performance forecasts for FY12/2022 (January 1, 2022 – December 31, 2022)
Net sales

Full-term

Operating profit

Percentages indicate year-on-year increase/decrease
Net profit attributable to
Net profit per shareowners of parent

Ordinary profit

million yen%

million yen%

million yen%

million yen%

yen

12,500

9.1

477

2.0

459

0.8

257

8.4

54.88

FOR TRANSLATION PURPOSE ONLY

*Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods to the preparation of quarterly consolidated financial statement: No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements① Changes in accounting policies due to revisions to accounting standards and other regulations:Yes② Changes in accounting policies due to other reasons:No③ Changes in accounting estimates:
No④ Restatement of prior period financial statements:
No(4) Number of issued shares (common shares)① Total number of issued shares at the end of the period (including treasury stock)
1Q of FY12/2022:
4,683,300 shares FY12/2021:
4,683,300 shares② Number of treasury stock at the end of the period
1Q of FY12/2022:
60,524 shares 1Q of FY12/2021:③ Average number of shares during the period
1Q of FY12/2022:
4,670,354 shares

1Q of FY12/2021:

224 shares
4,667,830 shares* Summary of financial results is not covered by audit by a certified public accountant or an auditing firm.
* Explanation regarding appropriate use of the performance forecasts and other special notes(Notes on descriptions about the future, etc.)
Descriptions about the future such as performance forecasts contained in this document are based on information currently
available to the Company and certain presumptions considered as reasonable, and those are not intended to indicate the Company
should assure that it would realize such forecasts. Meanwhile, actual performance in the future may differ substantially,
influenced by a wide variety of factors. For preconditions for performance forecasts and precaution statements in using suchforecasts, please see the appendix, page 3, "1. Qualitative Information regarding the Financial Results of the Current Quarter:(3) Descriptions regarding future prospects such as consolidated performance forecasts".
(How to obtain quarterly supplementary material on financial results)
Supplementary material on financial results for the first quarter of FY12/2022 will be posted on the Company's website on
May 12, 2022 (Thu.).
(Change in unit of monetary amount)Since the first quarter consolidated fiscal period of FY12/2022, amounts have been presented in million yen which had
previously been in thousand yen. Please note that for easy comparison, amounts of the previous consolidated fiscal year
(FY12/2021) and the previous first quarter consolidated cumulative period of FY12/2021 are also presented in million yen.

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022○ Table of Contents: Appendix
1. Qualitative Information regarding the Financial Results of the Current Quarter ............................................................... 2(1) Descriptions regarding operating results ....................................................................................................................... 2(2) Descriptions regarding financial position ..................................................................................................................... 3(3) Descriptions regarding future prospects such as consolidated performance forecasts .................................................. 3
2. Quarterly Consolidated Financial Statements and Principal Notes .................................................................................... 4(1) Quarterly Consolidated Balance Sheets ........................................................................................................................ 4(2) Quarterly Consolidated Statements of Income and Statements of Comprehensive Income ......................................... 6
Quarterly Consolidated Statements of Income
For the first quarter consolidated cumulative period ................................................................................................ 6
Quarterly Consolidated Statements of Comprehensive Income
For the first quarter consolidated cumulative period ................................................................................................ 6(3) Notes on Quarterly Consolidated Financial Statements ................................................................................................ 7(Going Concern Assumption) ........................................................................................................................................ 7(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) .......................................................... 7(Notes on Quarterly Consolidated Cash Flow Statement) ............................................................................................. 7(Segment Information, etc.)........................................................................................................................................... 8(Business combination, etc.).......................................................................................................................................... 9(Per Share Data) ............................................................................................................................................................ 10(Significant Post-Balance Sheet Events) ....................................................................................................................... 101

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022

1. Qualitative Information regarding the Financial Results of the Current Quarter(1) Descriptions regarding operating results
During the current first quarter consolidated cumulative period, Japanese economy has shown partly some movement
towards recovery from worsening conditions due to COVID-19, but we still should not overlook risk of economic downturn
due to re-expansion of the pandemic, restrictions on supply and steep price rise of raw materials, and there is still an extreme
uncertain situation about future economy.
Concerning the business environment surrounding the Group, in line with the “Intensive Policy to Accelerate the
Empowerment of Women 2021” adopted by the government in June 2021 and under the policy to strongly work on creating anenvironment in which both men and women are able to balance their work with child-raising and other matters, there are keeninterests in promoting diverse ways of working and infrastructure development worth for empowerment of women, including
expanding capacity of childcare facilities and measures for enhanced support for child-raising responsive to various needs.
Further, “New Plans for Secure Child-raising” published in December 2020 indicates that it is necessary to create
additional capacity of childcare facilities for about 140,000 children in four fiscal years between 2021 and 2024. Also, target of
employment rate of women had previously been set as 80%, but the Cabinet decided to raise it to 82% (by 2025) (Source:“The Second Phase of ‘Comprehensive Strategy for Town / People / Job Creation’”, December 2019). Following thesegovernment policies, continuous expansion of market size can be anticipated, and we think the roles of businesses carried out
by the Group as a social infrastructure to support regional welfare will be more significant than ever.
The Group operates businesses which in themselves constitute efforts towards SDGs, and recognizes them as leading tosolving many social issues and realizing a sustainable society. The Group puts the SDG No. 5 “Achieving gender equality” at
its heart, sets creating a society where women actively participate as its “vision”, and develops businesses where womenactively participate as its “strategy”. Also for the future, the Group will put its efforts to service provision and businessdevelopment principally for supporting “women’s life stages”.
As of the end of March 2022, numbers of facilities in operation are 64 in Public Childcare Business (45 certified childcare
centers and 19 small certified childcare centers); 214 in Contracted Childcare Business (126 contracted childcare centers, 56
after-school childcare centers, and 32 Waiwai Parks); and 11 in Other Business (4 non-certified childcare centers, 1 smallchildcare center (In-establishment Childcare Business), 2 day-care nursing facilities (day-service), 3 residence-type paid
nursing homes, and 1 residence with services for elderly people)); namely 289 facilities in total. Meanwhile, 5 facilities ofContracted Childcare Business have ceased their operations as of the end of March 2022, because of expiration of contract
term and some other reasons.
Consequently, consolidated performance of the current first quarter consolidated cumulative period was as follows: Net
sales of 2,954 million yen (decrease by 0.4% YoY); Operating profit of 95 million yen (decrease by 56.6% YoY); Ordinary
profit of 111 million yen (decrease by 52.7% YoY); and Net profit attributable to owners of parent of 59 million yen (decreaseby 59.9% YoY).
Operating results of individual business segments are as follows. It should be noted that segment net sales as shown below
are those before offsetting inter-segment transactions.
(Public Childcare Business)
In the Public Childcare Business segment, although no facility was newly opened during the current first quarter
consolidated cumulative period, each existing facility has put efforts to improved quality of childcare and enhanced efficiency
of operation. In addition, SG&A expenses including personnel expenses and other expenses increased because of putting
efforts to reinforcing headquarters scheme and recruiting the present staff members.
For the current first quarter consolidated cumulative period, these operations resulted in Net sales of 1,887 million yen(increase by 1.5% YoY), and Segment profit of 219 million yen (decrease by 18.3% YoY).
(Contracted Childcare Business)
In the Contracted Childcare Business segment, efforts were put to sales activities for obtaining new contracts for childcare
facilities provided by companies/hospitals. In addition, each existing facility has put efforts to improved quality of childcare
and enhanced efficiency of operation. However, this segment suffered from lower revenues and profit due to, for example,
decreased revenues because of contracted childcare centers having ceased their operations at the end of March 2021, and lower
operation availability because of some facilities affected by COVID-19 having no choice but to temporarily close.
For the current first quarter consolidated cumulative period, these operations resulted in Net sales of 837 million yen(decrease by 12.3% YoY), and Segment profit of 7 million yen (decrease by 85.3% YoY).
(Other Business)
In the Other Business segment, efforts were put to staffing services mainly to kindergartens and childcare centers,
improved quality at directly run non-certified childcare centers and nursing facilities, and enhanced efficiency of operation.
Also, Forte Co., Ltd. which became a subsidiary at the end of January 2022 contributed to higher revenues. On the other hand,preceding cost of investment in new businesses (marriage counseling service, support for Hokatsu (activities carried by ofparents who want to have their children kept at certified childcare centers)) led to lower profit.
2

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022

For the current first quarter consolidated cumulative period, these operations resulted in Net sales of 230 million yen(increase by 50.7% YoY), and Segment profit of 6 million yen (decrease by 29.1% YoY).
(2) Descriptions regarding financial position(Assets)
Total assets at the end of the current first quarter consolidated fiscal period was 8,697 million yen, i.e. increase by 1,402
million yen from 7,294 million yen as of the end of the previous consolidated FY.
Current assets was 3,903 million yen, i.e. increase by 688 million yen from 3,215 million yen as of the end of the previous
consolidated FY. This is mainly due to increase in cash and deposits by 354 million yen, increase in accounts receivable - trade& contract assets by 114 million yen, and increase in other current assets by 221 million yen.
Non-current assets was 4,793 million yen, i.e. increase by 714 million yen from 4,079 million yen as of the end of theprevious consolidated FY. This is due to increase in property, plant and equipment by 182 million yen, increase in intangible
assets by 488 million yen and increase in investment and other assets by 43 million yen.
(Liabilities)
Liabilities at the end of the current first quarter consolidated fiscal period was 6,383 million yen, i.e. increase by 1,420
million yen from 4,962 million yen as of the end of the previous consolidated FY.
Current liabilities was 3,446 million yen, i.e. increase by 1,018 million yen from 2,427 million yen as of the end of theprevious consolidated FY. This is mainly due to increase in short-term loans payable by 1,050 million yen, decrease in accounts
payable - other by 25 million yen, and increase in income taxes payable by 23 million yen.
Non-current liabilities was 2,937 million yen, i.e. increase by 402 million yen from 2,535 million yen as of the end of theprevious consolidated FY. This is mainly due to increase in long-term loans payable by 409 million yen and decrease in deferred
tax liabilities by 6 million yen.
(Net assets)
Net assets at the end of the current first quarter consolidated fiscal period was 2,313 million yen, i.e. decrease by 17 million
yen from 2,331 million yen as of the end of the previous consolidated FY. This is mainly due to increase in treasury stock by 37
million yen because of purchase of treasury stock and increase in retained earnings by 19 million yen because of allocating
quarterly net profit attributable to owners of parent.
(3) Descriptions regarding future prospects such as consolidated performance forecasts
There is no change in performance forecasts for FY12/2022, as announced in the "Summary of Consolidated Financial
Results for the full-term of the Fiscal Year 2021 (FY12/2021) [Japanese GAAP] (Consolidated)" published on February 14, 2022.

3

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022

2.

Quarterly Consolidated Financial Statements and Principal Notes(1)

Quarterly Consolidated Balance Sheets(million yen)Previous consolidated
fiscal year
(December 31, 2021)
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Accounts receivable - trade & contract assets
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures (net)
Leased assets
Accumulated depreciation
Leased assets (net)
Construction in progress
Others
Accumulated depreciation
Others (net)Total property, plant and equipment
Intangible assets
Goodwill
OthersTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term prepaid expenses
Deferred tax assets
Lease and guarantee deposits
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Provision for bonuses
OthersTotal current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for directors' retirement benefits
Asset retirement obligations
OthersTotal non-current liabilities
Total liabilities
4

Current first quarter
consolidated fiscal period(March 31, 2021)

1,793
980
－
441
(0)
3,215

2,148
－
1,094
663
(2)
3,903

2,392
(874)
1,518
15
(13)
2
108
359
(314)
45
1,675

2,400
(910)
1,489
15
(14)
1
316
378
(328)
50
1,858

649
169
819

1,115
191
1,307

10
777
323
110
362
5
(5)
1,584
4,079
7,294

10
767
333
141
375
5
(5)
1,628
4,793
8,697

22
550
444
718
87
62
543
2,427

31
1,600
499
693
111
156
353
3,446

2,390
13
23
92
15
2,535
4,962

2,799
7
22
92
15
2,937
6,383

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(million yen)Previous consolidated
fiscal year
(December 31, 2021)
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

453
531
1,347
(0)
2,331
2,331
7,294

5

Current first quarter
consolidated fiscal period(March 31, 2021)

453
531
1,366
(37)
2,313
2,313
8,697

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(2)

Quarterly Consolidated Statements of Income and Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(For the first quarter consolidated cumulative period)(million yen)

Net sales
Cost of sales
Gross profit
SG&A expenses
Operating profit (loss)
Non-operating profit (loss)
Interest income
Subsidy income
OthersTotal non-operating profit (loss)
Non-operating expenses
Interest expenses
OthersTotal non-operating expenses
Ordinary profit (loss)
Extraordinary profit
Subsidy income
Total extraordinary profit
Extraordinary losses
Loss on reduction of non-current assets
Subsidy returned
Total extraordinary losses
Net profit (loss) before income taxes and minority interests
Income taxes
Income taxes - deferred
Total income taxes
Net profit (loss)
Net profit (loss) attributable to owners of parent

Previous first quarter
consolidated cumulative
periodCurrent first quarter
consolidated cumulative
period(Jan. 1, 2021 – Mar. 31, 2021)(Jan. 1, 2022 – Mar. 31, 2022)

2,965
2,449

2,954
2,489

515
295
220

465
369
95

1
18
1
20

1
12
6
21

4
0
5
236

4
0
4
111

27

4

27

4

26
4

4
－

30
233
82
3
85
147
147

4
111
85
△33
52
59
59

Previous first quarter
consolidated cumulative
periodCurrent first quarter
consolidated cumulative
period(Jan. 1, 2021 – Mar. 31, 2021)(Jan. 1, 2022 – Mar. 31, 2022)

147
147

59
59

147

59

(Quarterly Consolidated Statements of Comprehensive Income)(For the first quarter consolidated cumulative period)(million yen)

Net profit (loss)
Comprehensive income (loss)(detail)Comprehensive income (loss) attributable to owners of parent

6

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(3)

Notes on Consolidated Financial Statements(Going Concern Assumption)
Not applicable.
(Notes in case of significant changes in the amount of shareholders’ equity)
Not applicable.
(Change in Accounting Principles)(Application of accounting standard for revenue recognition, etc.)
The Company has applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan
Guidance No. 29 of March 31, 2020), etc. since the beginning of the current first quarter consolidated fiscal period, andrecognizes as its revenue an amount which could be received in exchange of a promised good or service upon transfer ofcontrol over such good or service to a customer.
Meanwhile, there is no effect on the quarterly consolidated financial statements of the current & previous first quarter
consolidated cumulative periods and the consolidated financial statements of the previous consolidated fiscal year.
After applying the Accounting Standard for Revenue Recognition, etc., “Accounts receivable - trade” that had beenshown as such under “Current assets” in the Consolidated Balance Sheets of the previous consolidated fiscal year has
currently been presented as “Accounts receivable - trade & contract assets” since the current first quarter consolidated
fiscal period. Meanwhile, in accordance with the provisional treatment as set forth in Section 89-2 of the AccountingStandard for Revenue Recognition, no interchange in line with the new presentation method was done for the previous
consolidated fiscal year. Further, in accordance with the transitional treatment as set forth in Section 28-15 of the“Accounting Standard for Quarterly Financial Statements” (Accounting Standards Board of Japan Guidance No. 12 ofMarch 31, 2020), information about breakdown of earnings arising from contracts with customers during the previous firstquarter consolidated cumulative period is not presented.
(Notes on Quarterly Consolidated Cash Flow Statement)
Quarterly consolidated cash flow statement has not been produced for the current first quarter consolidated cumulative
period. Meanwhile, amounts of depreciations for the previous & current first quarter consolidated cumulative periods(including depreciations of intangible assets except goodwill) and amortizations of goodwill are as follows.
Previous first quarter
consolidated cumulative period

Current first quarter
consolidated cumulative period(Jan. 1, 2021 – Mar. 31, 2021)(Jan. 1, 2022 – Mar. 31, 2022)

Depreciation
Amortization of goodwill

49 million yen
15 million yen

7

48 million yen
27 million yen

teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(Segment Information, etc.)【Segment information】
I. Previous first quarter consolidated fiscal period (Jan. 1, 2021 – Mar. 31, 2021)
1. Information on amounts of net sales, profit/loss, assets, liabilities and other items for each reportable segment(million yen)

Reportable segments

Other
Business

Total

Adjustment

Amountallocated on
consolidated
statements
of incomePublicChildcareBusiness

Contracted
ChildcareBusiness

1,859

955

2,814

150

2,965

－

2,965

－

－

－

2

2

(2)

－－

1,859

955

2,814

152

2,967

(2)

2,965

269

49

318

8

327

(107)

220

Subtotal(Note 2)

(Note1)(Note 3)

Net sales
Sales from externalcustomers
Inter-segment sales ortransfer
Total
Segment profit (loss)
Notes 1.

2.
3.

“Other Business” category is a segment not included in the reportable segments and includes services responsive to various
needs such as staffing services to kindergartens and childcare centers, baby-sitter services and house services; operation of
tenoSCHOOLs, non-certified childcare centers, certified childcare center (In-establishment Childcare Business) and nursing
homes (day-service).
Adjusted segment profit (loss) includes corporate expenses not allocated to individual reportable segments of (107) million
yen. Corporate expenses mainly comprises those for operating the Company (holding company).
Segment profit (loss) has been aligned with the operating profit (loss) presented on the Quarterly Consolidated Statementsof Income.

2. Information on impairment loss of non-current assets or goodwill, etc., for each reportable segment
Not applicable.
II. Current first quarter consolidated fiscal period (Jan. 1, 2022 – Mar. 31, 2022)
1. Information on amounts of net sales, profit/loss, assets, liabilities and other items for each reportable segment(million yen)

Reportable segments

Other
Business

Total

Adjustment

Amountallocated on
consolidated
statements
of incomePublicChildcareBusiness

Contracted
ChildcareBusiness

1,887

837

2,725

229

2,954

－

2,954

－

－

－

0

0

(0)

－－

1,887

837

2,725

230

2,955

(0)

2,954

219

7

227

6

233

(137)

95

Subtotal(Note 2)

(Note1)(Note 3)

Net sales
Sales from externalcustomers
Inter-segment sales ortransfer
Total
Segment profit (loss)
Notes 1.

2.
3.

“Other Business” category is a segment not included in the reportable segments and includes services responsive to various
needs such as staffing services to kindergartens and childcare centers, baby-sitter services and house services; operation of
tenoSCHOOLs, non-certified childcare centers, certified childcare center (In-establishment Childcare Business) and nursing
homes (day-service).
Adjusted segment profit (loss) includes corporate expenses not allocated to individual reportable segments of (137) million
yen. Corporate expenses mainly comprises those for operating the Company (holding company).
Segment profit (loss) has been aligned with the operating profit (loss) presented on the Quarterly Consolidated Statementsof Income.

2. Information on impairment loss of non-current assets or goodwill, etc., for each reportable segment
Not applicable.

8teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(Business combination, etc.)(Business combination by acquisition)
At the board meeting on January 20, 2022, the Company decided to acquire the entire shares of Forte Co., Ltd. to make it asubsidiary, and on January 31, 2022, acquired those entire shares.
(1) Summary of business combination①Overview of the acquired company
Name of the acquired company:
Forte Co., Ltd.
Content of business:
Nursing business; Operation of houses for elderly people②Main reason for business combination
The Group has one of its management philosophy as “We support women’s life stages.”, and has developed its
business for responding to various needs basically considering “what is necessary” for “women” in a changing society toraise their children, do housework and take care of elderlies while still being able to work. Also, in order for responding todiverse social needs surrounding women’s life stages, new business development in line with the Group’s business domains(child-raising, housework, nursing) is positioned as one of its important growth strategies.
Under such policies, in December 2019, the Group newly entered to nursing business (day-service) through transferof business. The business combination this time is carried out for the purpose of further expansion of nursing business(operation of houses for elderly people).
In addition this business combination is a part of the Group’s efforts to realize its long-term vision “tenoVISION2030”
and is believed to contribute to even greater mid- and long-term corporate values of the Group.
Forte Co., Ltd. operates, under its corporate philosophy as to contribute to “richness” of life for every people involved,
four nursing homes in Osaka Pref., has built up its efforts to respond to the needs of each and every user of the homes
which are indeed chosen by users. So the Group expected that by joining Forte Co., Ltd. it would be able to enhance its
service lineup of nursing business and this would contribute to growth of its nursing business, and decided to acquire thelatter’s shares to make it a subsidiary.
③Date of business combination
January 31, 2022
④Legal form of business combination
Share acquisition⑤Name of the company after combination
No change.
⑥Percentage of voting rights after acquisition
100％⑦Ground for determining acquiring company
The Company acquires the shares in exchange of cash.
(2) Period of financial results of the acquired company included in the Quarterly Consolidated Statements of Income for thecurrent quarter consolidated cumulative period
February 1, 2021 to March 31, 2022
(3) Cost of acquiring the acquired company, by type of consideration
Consideration for acquisition (cash):
566 million yen
Acquisition cost:
566 million yen(4) Details and amount of major expenses related to acquisition
Compensation/commission and others for advisory services, etc.: 39 million yen(5) Amount of goodwill that occurred, cause for the occurrence, amortization method and amortization period① Amount of goodwill that occurred
461 million yen② Cause for the occurrence
Excess earning power that is expected by business development in the future.
③ Amortization method and amortization period
Straight-line amortization over 10 years

9teno Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the First Quarter of FY12/2022(Per share data)
Calculation bases of quarterly net profit per share and diluted net profit per share are as follows.
Previous first quarter
consolidated fiscal period

Current first quarter
consolidated fiscal period(Jan. 1, 2021 – Mar. 31, 2021)(Jan. 1, 2022 – Mar. 31, 2022)(1) Net profit (loss) per share

31.59 yen

12.68 yen

147

59

－

－

147

59

4,667,830

4,670,354

31.31 yen

12.61 yen－－

41,41023,438－－(Calculation bases)
Net profit attributable to owners of parent(million yen)Amount not attributable to common stockholders(million yen)

Net profit (loss) attributable to owners of parent
applicable to common shares(million yen)

Average number of common shares outstanding
during the period(shares)(2) Diluted net profit per share(Calculation bases)
Adjusted net profit (loss) attributable to owners ofparent(million yen)

Increased number of shares (common stock)(shares)

Summary of residual securities not included in
calculating diluted earnings per share, because of
having no dilution effect(Significant Post-Balance Sheet Events)
Not applicable.

10