Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Summary of Consolidated Financial Results
for the Year Ended May 31, 2024
[Japanese GAAP]
July 11, 2024
Company name: Tama Home Co., Ltd.
Stock exchange listing: Tokyo, Fukuoka
Code number: 1419
URL: https://www.tamahome.jp/
Representative: Shinya Tamaki
President & Representative Director
Contact: Toshiya Kojima
Director
Phone: 03-6408-1200
Scheduled date of Annual General Meeting of Shareholders: August 28, 2024
Scheduled date of commencing dividend payments: August 29, 2024
Scheduled date of filing annual securities report: August 28, 2024
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended May 31, 2024 (June 1, 2023 to May 31, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
May 31, 2024
247,733(3.3)
12,586(5.1)
12,877
(4.5)
8,752
0.4
May 31, 2023
256,065
6.4
13,264
11.5
13,477
9.2
8,715
5.2
(Note) Comprehensive income:Fiscal year ended May 31, 2024:¥
8,653 million [(0.4) %]
Fiscal year ended May 31, 2023:¥
8,690 million [6.5%]
Basic earnings per Diluted earnings per Rate of return on
share
share
equityYen
Fiscal year ended
May 31, 2024
301.94
May 31, 2023
298.41(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio

%

23.9
26.5
Fiscal year ended May 31, 2024:
Fiscal year ended May 31, 2023:

Operating profit to
net sales ratio

%

%

12.8
12.4
¥
¥

5.1
5.2
(3) million(27) million(2) Consolidated Financial Position
Total assets
As of
May 31, 2024
May 31, 2023
(Reference) Equity:

Net assets

Millions of yen

Net assets per share

Millions of yen

89,587
111,508
As of May 31, 2024:
As of May 31, 2023:

Equity ratio¥¥

38,327
34,91538,296 million
34,876 million

%

Yen

42.7
31.3

1,321.11
1,203.11(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
May 31, 2024
May 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

8,284
6,385

(2,010)(2,626)(14,553)(2,992)

26,10534,323

2. Dividends
Dividend per share
1st
2nd
3rd
quarter-end quarter-end quarter-end
Fiscal year ended

Year-end

Total

Yen

Yen

Yen

Yen

May 31, 2023

-

0.00

-

180.00180.00

May 31, 2024

-

0.00

-

190.00190.00-0.00-

195.00195.00Total
dividends

Payoutratio(consolidated)

Yen Millions of yen

Dividends
to netassets(consolidated)

%

%

5,217

59.9

16.0

5,507

62.9

15.1

Fiscal year ending
May 31, 2025

61.4

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended May 31, 2024 :Commemorative dividend- yenSpecial dividend- yen
3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2025 (June 1, 2024 to May 31, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings per
Net sales
Operating profit
Ordinary profit
owners of parent
share
Full year

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

235,000(5.1)

13,7008.8

13,800

7.2

9,200

5.1

317.37* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No
New(Company name:)
Exclusion:(Company name:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):May 31, 2024:
29,455,800 shares
May 31, 2023:
29,455,800 shares
2) Number of treasury shares at the end of the period:
May 31, 2024:
467,592 shares
May 31, 2023:
467,446 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended May 31, 2024:
Fiscal Year ended May 31, 2023:

28,988,307 shares
29,205,211 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended May 31, 2024 (June 1, 2023 to May 31, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
May 31, 2024
May 31, 2023

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

241,117
248,457(3.0)
6.4

11,208
11,640(3.7)
12.6

11,941
12,376

(3.5)
9.6

8,240
7,918

4.1
4.1

Basic earnings per share Diluted earnings per share
Fiscal year ended
May 31, 2024
May 31, 2023

Yen

Yen

284.28271.13-(2) Non-consolidated Financial Position
Total assets
As of
May 31, 2024
May 31, 2023
(Reference) Equity:

Net assets

Millions of yen

84,852
104,967
As of May 31, 2024:
As of May 31, 2023:

Equity ratio

Millions of yen¥¥

32,68829,65932,688 million
29,659 million

Net assets per share
%

Yen

38.5
28.3

1,127.64
1,023.17

Consolidated Financial Statements
Consolidated Balance Sheets(Millions of yen)
As of May 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable from completed construction
contracts
Accounts receivable - trade
Operating loans
Real estate for sale
Costs on construction contracts in progress
Real estate for sale in process
Other inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of May 31, 2024

34,323
71

26,105
72

340

421

930
1,474
18,718
7,832
18,515
635
1,645
(6)
84,482791
152
23,185
3,642
7,009
1,197
1,748
(38)
64,287

23,608(14,792)
8,815
5,982
(2,277)
3,705
6,360
49
(40)
8
61
743
(542)
201
19,153
1,154

24,300(15,346)
8,954
6,344
(3,053)
3,291
6,360
30
(27)
3
1
795
(591)
203
18,814
1,152

313
64
3,054
3,827
(541)
6,718
27,026
111,508

324
62
1,734
3,751
(539)
5,333
25,30089,587

(Millions of yen)
As of May 31, 2023
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and otherAccrued expenses
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for warranties for completed
construction
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of May 31, 2024

18,45017,3908,158
12,915
1,728
3,704

4,030
5,963
1,208
2,419

17,630

8,082

1,497

1,695

243
4,692
69,023240
4,290
45,320

3,803
1,822
1,944
7,570
76,593

1,966
1,849
2,122
5,938
51,2594,310
4,280
27,724(1,450)34,864

4,310
4,280
31,259(1,451)38,398

14

20

4
(6)
11
39
34,915111,508

0
(122)
(102)
31
38,32789,587

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
For the fiscal year
ended May 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from land and buildings
Purchase discounts
Foreign exchange gains
Insurance claim income
Penalty income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodOther
Total 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 of non-current assets
Loss on retirement of non-current assets
Impairment losses
Settlement payments
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the fiscal year
ended May 31, 2024

256,065
194,428
61,637
48,372
13,264

247,733
188,881
58,852
46,265
12,586

2
0
28
80
162
4
175
166
621

2
0
26
89
215
69
179
78
661

191

185

27

3

189
409
13,477181
370
12,877

1
1

3
0
4

1
90
175
62
329
13,1495,445(1,031)
4,414
8,735
20
8,715

1
123
24
149
12,732
2,611
1,356
3,967
8,764
12
8,752

Consolidated Statements of Comprehensive Income(Millions of yen)
For the fiscal year
ended May 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

For the fiscal year
ended May 31, 2024
8,735

8,764

1
3
(57)

6
(3)
(119)

8

6

(45)
8,690

(111)
8,653

8,666

8,638

24

14

Consolidated Statements of Changes in Equity
For the fiscal year ended May 31, 2023

SharecapitalBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period4,310(Millions of yen)
Accumulated other comprehensive
Shareholders' equity
incomeValuation
Total
Deferred Foreign
Non-controllingTotal net
Total difference
accumulated
Capital Retained Treasury
gains or currencyinterests assets
shareholders' onothersurplus earnings shareslosses on translation
equity available-for-salecomprehensive
hedges adjustment
securities
income4,280

22,672(450) 30,812

13

1

46

60

43

30,916(3,663)(3,663)(3,663)

8,715

8,715

8,715

(1,000) (1,000)(1,000)
1

3

(53)

(48)

(4)

(53)

-

-

5,052

(1,000)

4,052

1

3

(53)

(48)

(4)

3,998

4,310

4,280

27,724(1,450) 34,864

14

4

(6)

11

39

34,915For the fiscal year ended May 31, 2024

SharecapitalBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period4,310(Millions of yen)
Accumulated other comprehensive
Shareholders' equity
incomeValuation
Total
Deferred Foreign
Non-controllingTotal net
Total difference
accumulated
Capital Retained Treasury
gains or currencyinterests assets
shareholders' onothersurplus earnings shareslosses on translation
equity available-for-salecomprehensive
hedges adjustment
securities
income4,280

27,724(1,450) 34,864(5,217)(5,217)(5,217)

8,752

8,752

8,752

(0)

(0)

(0)

-

-

3,534

4,310

4,280

31,259

14

4

(6)

11

39

34,915

6

(3)

(116)

(113)

(7)

(121)

3,534

6

(3)

(116)

(113)

(7)

3,412

(1,451) 38,398

20

0

(122)

(102)

31

38,327(0)

Consolidated Statements of Cash Flows(Millions of yen)
For the fiscal year
ended May 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Loss (gain) on sale of non-current assets
Loss on retirement of non-current assets
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for warranties forcompleted construction
Interest and dividend income
Interest expenses
Insurance claim income
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in advances received on
umcompleted construction contracts and other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in accrued expenses
Other, net
SubtotalInterest and dividends received
Interest paid
Proceeds from insurance income
Income taxes paid
Other, net
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities

For the fiscal year
ended May 31, 2024

13,149
1,993
175
(0)
90
26

12,732
2,289
24
(2)
123
30

108

197

(3)
191
(4)
1,126
(4,753)
1,929

(3)
185
(69)
1,383
10,667(1,060)(7,191)(9,548)

827
3,117
94
10,8792(204)
4(4,301)
5
6,385

(268)
(4,219)(237)
12,2263(154)
69(3,866)
6
8,284(2,718)
5
(61)
2
144
(2,626)(1,944)
18
(52)
2
(33)
(2,010)(Millions of yen)
For the fiscal year
ended May 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

For the fiscal year
ended May 31, 2024

1,513
2,600
(2,401)(1,000)(3,660)(28)(15)(2,992)(6,951)
2,040(4,397)(0)(5,211)(22)(9)(14,553)

85

60

852
33,471
34,323(8,218)34,323
26,105