May 9, 2024
For Immediate Release
TOKAI Holdings Corporation
Katsuo Oguri, Representative Director, President and CEO(Code No. 3167, TSE Prime Market)

Financial Results for the Fiscal Year Ending March 31, 2024
~ Sales increased for 7th consecutive year, sales hit record high ~TOKAI Holdings Corporation (hereinafter, "the Company") today announced its financial results for the fiscal year
ending March 31, 2024.
1.Record Revenue Growth for the 7th Consecutive Period
Regarding our financial results for this term, despite a decrease in household gas sales due to high temperatures,
we achieved a sales revenue of 231.5 billion yen (an increase of 1.3 billion yen or 0.6% compared to the previousterm) due to an increase in revenue from the increase in the number of customers in energy and CATV, as wellas the expansion of our corporate stock business in the information and communication sector. This marks arecord high, updating our sales for the seventh consecutive term.
In terms of profit, the steady increase in the number of monthly billing items due to the increase in the numberof customers, among other factors, led to an operating profit of 15.5 billion yen (an increase of 600 million yen
or 4.0%).
Furthermore, the burden of equity method investment losses incurred in the previous term was reduced, resulting
in a significant improvement with a net profit for the term of 8.5 billion yen (an increase of 2.0 billion yen or
31.2%).

Net sales
Operating profit
Ordinary profit
Net income for the term
EPS (yen)

FY03/24 results(April 1, 2023 toMarch 31, 2024)
231,513
15,511
15,5318,481
64.94

FY03/23 results(April 1, 2022 toMarch 31, 2023)
230,190
14,91913,2896,465
49.41(Millions of yen)
YoY
Change+1,322+591+2,241+2,015+15.53% change
+0.6％
+4.0％
+16.9％+31.2％+31.4％

2. Main Business Steadily Expands Customer BaseIn our business operations for the term, we actively engaged in customer acquisition activities towards theachievement of our medium-term management plan. As a result, the number of ongoing transaction customers
at the end of the term increased to 335,800, an increase of 58,996 from the 329,900 at the beginning of the term.
The number of gas (LP & city gas) customers increased by 32,982, CATV customers by 25,931, Optical
Collaboration by 9,936, and LIBMO by 8,934, further expanding our revenue base.

3. Continuing Revenue and Profit Growth in the Fiscal Year Ending March 2025, Updating Record Highs
in Sales and All Profit Items
For the fiscal year ending March 2025, we will be in the second year of our "Medium-Term Management Plan2025". In accordance with our medium-term management plan, which outlines a 'growth tree' strategy based on
three key elements: the source of growth, the core, and the fruit, we will ensure the execution of each initiativeand strive for further advancements. In fiscal 2024, we will continue to polish our sales strength, which is astrength of our group, and aim to expand our customer base by increasing the number of customers and orders.
In addition, we will continue to promote area expansion, M&A, and the creation of new businesses, and aim tocontinue increasing sales and profits for the full year and aim to achieve record-breaking sales and profits acrossall categories.
(Millions of yen)

Net sales
Operating profit
Ordinary profit
Profit attributable toowners of parent
EPS (yen)
Customer count at end of
fiscal year

FY03/25 forecast(April 1, 2024 toMarch 31, 2025)
244,000
16,00016,000FY03/24 results(April 1, 2023 toMarch 31, 2024)
231,513
15,511
15,5319,000

YoY
Change% change+12,487
+489
+469

+5.4％
+3.2％
+3.0％

8,481

+519

+6.1％

68.90

64.94

+3.96

+6.1％

3,452,000

3,358,000+94,000+2.8％

4. Revision of Dividend Forecast
Our company positions the return of profits to our shareholders as one of the important issues of management,
and our basic policy is to provide continuous and stable dividends.
Regarding the performance of this period, sales have been updated to the highest ever with an increase in sales
for seven consecutive period, and all profit items have exceeded the previous year.
The dividend per share for this period, as announced today, will increase the year-end dividend from the initial
forecast of 16 yen to 17 yen, and the annual dividend is planned to be 33 yen. In addition, we plan to increase
the annual dividend for the fiscal year ending March 2025 from the previous 32 yen (33 yen for the fiscal year
ending March 2024 with an increase of 1 yen) to 34 yen.

Interim (end of Q2)
Year-end
Annual dividend per share

FY03/25(Forecast)
17.00 yen
17.00 yen
34.00 yen

FY03/2416.00 yen
17.00 yen
33.00 yen

FY03/2316.00 yen
16.00 yen
32.00 yen

For details, please see the attached materials, entitled "Financial Results for the Fiscal Year Ending March 31, 2024."
For the Company's earnings announcement for the fiscal year ending March 31, 2024, please see the following URL:
https://www.tokaiholdings.co.jp/english/ir/library/earnings.html

Contact: Sotohiro Horaguchi
Public / Investor Relations Office
TEL: +81-(0)54-273-4878
Email: overseas_IR@tokaigroup.co.jp

Financial Results for the Fiscal YearEnding March 31, 2024

TOKAI Holdings Corporation(Code: 3167)
May 9, 2024

1©2023 TOKAI Holdings Corporation. All Rights Reserved.

Financial Results for the Fiscal Year Ending March 31, 2024
 Sales increased for the seventh consecutive period, reaching a record high, due to an increase in
the number of customers in the energy and CATV sectors, as well as the expansion of ourcorporate information and communication business.
 Despite a decrease in the volume of household gas sales due to high temperatures, operating profit
was 15.5 billion yen, an increase of 600 million yen from the previous period, due to an increase inmonthly billing due to an increase in the number of customers.
 Ordinary profit and net income for the current period improved significantly as the burden of
equity-method investment losses incurred in the previous period was reduced.

FY03/24 results

FY03/23 results(FY2022)

YoY% change(%)

Change231,513230,190+1,322+0.6

Operating profit

15,511

14,919+591+4.0

Ordinary profit

15,531

13,289+2,241+16.9

Net income

8,481

6,465

+2,015+31.2

EPS (yen)

64.94

49.41

+15.53+31.4

Net sales©2023 TOKAI Holdings Corporation. All Rights Reserved.

(Net sales and profit: million yen; EPS: yen)2

Steady Expansion of Customer Base in Core Businesses The number of ongoing transaction customers at the end of the current period increased by 59,000
from 3,299,000 at the beginning of the period to 3,358,000.
 The earnings base continued to expand in the gas business, the CATV business, the Hikari
Collaboration business and the LIBMO business.

-5

3,358

+26
Others+5

Aqua
Mobile

CATV©2023 TOKAI Holdings Corporation. All Rights Reserved.

Information andCommunications

+33

3,299

City gas

FY2022
Result

+10

LIBMO

+9
-14

ISP, etc.

Gas
LP gasHikariCollaboration

Broadcasting+5

Others+2-9+2Communications +21+33+0

Customer count(Thousand)

FY2023* Rounded to the nearest thousand. Adjustment is made in Others for duplicate communication
services for ISP and CATV carrier plans.

Result3

Changes in Operating Profit by Segment Despite a decrease in household gas sales due to high temperatures, the energy business saw anincrease in profits due to an increase in the number of customers and efforts to reduce procurement
costs.
 The information and communication business saw an increase in profits due to the strong performanceof the corporate business and efforts to reduce customer acquisition costs in the consumer business.
 The CATV and Aqua business saw an increase in profits due to an increase in the number of customers.

Information andCommunications
Energy

+3.8

CATV

+0.2

Aqua

△1.4

©2023 TOKAI Holdings Corporation. All Rights Reserved.

Building facilities
Real estate

+1.1
△7.9

+10.1

155.1
OthersAnd
Adjustments

149.2
A YoY profit increase of 600 million yen

Operating profit(100 million yen)

FY2022
Result* Changes in operating profit disregard allocation of indirect costs

FY2023Result4

Consolidated full-year financial results forecast The fiscal year ending in March 2025 is the second year of our "Medium-Term Management Plan 2025".
We will steadfastly carry out each initiative in accordance with the growth tree, which consists of thethree elements: "source of growth, core, and fruit" that we have set out in this plan, aiming for further
significant advancements.
 We will continue to push for area expansion, M&A, and the creation of new businesses, with the aimof not only continuing to increase revenue and profit in fiscal 2024, but also setting new records insales and all profit items.
(Millions of yen)
FY03/24 forecast(April 1, 2024 toMarch 31, 2025)

FY03/24 results(April 1, 2023 toMarch 31, 2024)

YoY
Change% change

244,000

231,513+12,487+5.4％

Operating profit

16,00015,511

+489

+3.2％

Ordinary profit

16,00015,531

+469

+3.0％

9,000

8,481

+519

+6.1％

68.90円64.94円+3.96円

+6.1％

3,452

3,358

+94

+2.8％

Net sales©2023 TOKAI Holdings Corporation. All Rights Reserved.

Profit attributable toowners of parent
EPS (yen)
Customer count at end of
fiscal year (Thousand)5

Revision of Dividend Forecast Due to the steady performance, the year-end dividend for this period has been increased by 1 yenfrom the initial forecast of 16 yen to 17 yen, and the annual dividend is planned to be 33 yen per share.
 The annual dividend for the fiscal year 2024 is planned to be increased from the previous 32 yen (33yen in 2023 with a 1 yen increase) to 34 yen.
 The dividend payout ratio continues to be maintained at a high level.
Interim Dividend

Year-End Dividend

Commemorative Dividend

64.8%

60
50

46.7%

47.2%

43.4%

44.5%

44.6%

©2023 TOKAI Holdings Corporation. All Rights Reserved.

35.1%

30

28

28

28

28

yen/shareyen/shareyen/shareyen/share

6

0

49.3%

46.7%

60.0%
50.0%

34

40

10

70.0%

50.8%

54.7%

52.9%

20

Dividend Payout Ratio

1212

yen/shareyen/share

6

6

14

14
yen/share

66

FY2013

FY2014FY201514

yen/share

16

32
yen/share

17

33 yen/share 40.0%
yen/shareyen/share
30.0%
32

16

17

17

11
FY2016

20.0%
10.0%

11

8

6

14

30

0.0%
14

14

14

14

15

16

16

17

FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024（Forecast）-10.0%-20.0%

6

Appendix(1) Consolidated results(2) Sales by segment(3) Operating profit by segment(4) Consolidated financial indicators(5) Consolidated cash flows(6) Group customer count7©2023 TOKAI Holdings Corporation. All Rights Reserved.

（１） Consolidated results(Millions of yen)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results©2023 TOKAI Holdings Corporation. All Rights Reserved.

Sales

195,952

196,726

210,691

230,190

231,513

Operatingprofit

14,224

15,226

15,794

14,91915,511

Recurringprofit14,47915,312

15,907

13,28915,531

Net income

8,241

8,815

8,969

6,465

8,481

E P S ( Ye n )

62.93

67.32

68.49

49.41

64.94

8

（２）Sales by segment(Millions of yen)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results

Energy78,154

77,38086,770102,528

100,974

Information andCommunications

51,75350,73551,39853,94556,66924,226For individuals
For corporations

32,442©2023 TOKAI Holdings Corporation. All Rights Reserved.

ＣＡＴＶ

31,38533,74532,57234,50035,761

Construction,
Equipment and Real
Estate22,38323,177

27,78026,80925,038

Aqua

7,416

7,622

7,629

7,529

7,743

Others

4,858

4,065

4,540

4,876

5,325

195,952

196,726

210,691

230,190

231,513

Total※For information and communications, starting from the second quarter of 2023, figures for individuals and corporations are also displayed.

9（３）Operating profit by segment(Millions of yen)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results

Energy

7,452

8,988

8,933

7,384

8,399

Information andCommunications

4,226

4,344

4,721

5,270

5,645

For individuals

778

For corporations

4,867©2023 TOKAI Holdings Corporation. All Rights Reserved.

ＣＡＴＶ

5,024

5,205

5,852

6,184

6,200

Construction,
Equipment and Real
Estate

2,116

2,065

2,480

2,043

1,900

Aqua

674

573

325

533

647

Others-5,271-5,949-6,518-6,497-7,283

14,224

15,226

15,794

14,91915,511

Total※The figures are based on a pre-allocation of indirect costs.
※For information and communications, starting from the second quarter of 2023, figures for individuals and corporations are also displayed.

10

（４）Consolidated financial indicators(Millions of yen)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results©2023 TOKAI Holdings Corporation. All Rights Reserved.

To t a l a s s e t s

169,972

178,974

184,473

193,339

205,301

To t a lliabilities

103,989

102,917

105,527

111,034

114,000

To t a l n e t
assets

65,982

76,05678,94682,30491,300

Balance ofinterestbearing debt

48,27342,12844,14846,60846,295Equity ratio

38.0 %

41.6 %

41.9 %

41.5 %

43.4 %

11（５）Consolidated cash flows(Millions of yen)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results©2023 TOKAI Holdings Corporation. All Rights Reserved.

Operating cash flow

22,53532,22320,80821,19330,066

Investment cash flow

-12,131-17,068-14,592-14,152-18,831

Free cash flow

10,40315,155

6,216

7,040

11,234

Financing cash flow

-10,375-14,064-6,905-7,459-9,66912

（６）Group customer count(Thousand)
FY03/20
Results

FY03/21
Results

FY03/22
Results

FY03/23
Results

FY03/24
Results

713

744

785

821

853

Conventional ISP
etc.

389

395

415

407

393

HikariCollaboration

324

337

346

363

373

LIBMO

48

53

55

71

80

761

785

816

841

846

CATV

1,154

1,198

1,231

1,287

1,313

Aqua

161

162

165

165

167

Mobile

212

206

191

179

170

Security

16

16

16

16

16

3,003

3,099

3,194

3,299

3,358

EnergyInformation andCommunications

Subtotal©2023 TOKAI Holdings Corporation. All Rights Reserved.

合計*Rounded to the nearest thousand. Communication services overlap between information and communication services and CATV, and are excluded
from the total value.
*Information and communications (conventional ISP, etc.) includes ISP additional service (PC visit support service) contracts from 2020, and contracts
for the same (PC remote support service) from 2021.

13

The performance forecasts and forward-looking statements in these materials are
based on information currently available to the company, and include potential risks anduncertainties. Please be aware that due to changes in a variety of factors, actual results
may differ materially from the projections and other forward-looking statements in thesematerials.

Please contact us with any questions regarding these materials.
©2023 TOKAI Holdings Corporation. All Rights Reserved.

Public / Investor Relations Office
TOKAI Holdings Corporation
2-6-8 Tokiwacho, Aoi Ward, Shizuoka City, Shizuoka Prefecture
Phone: +81- (0)54-273-4878
https://www.tokaiholdings.co.jp/english/
e-mail： overseas_IR@tokaigroup.co.jp

14