August 1, 2024
For Immediate Release
TOKAI Holdings Corporation
Katsuo Oguri, Representative Director, President and CEO(Code No. 3167, TSE Prime Market)

Financial Results for the First Three Monthsof the Fiscal Year Ending March 31, 2024
~ Revenue Growth for Four Consecutive Quarters, Record-High Sales ~Today, we are pleased to announce our financial results for the first quarter of the fiscal year ending March 2025.
1. Record-High Revenue for Four Consecutive Quarters
In May last year, we announced our "Mid-Term Management Plan 2025," which concludes in fiscal year 2025.
Over the three years leading up to 2025, we aim to achieve three key strategies: (1) Growth in BusinessProfitability, (2) Strengthening the Foundation for Sustainable Growth, and (3) Maximizing the Vitality of
Human Resources and Organization. Through these strategies, we aim to contribute to a sustainable society while
expanding our revenue base.
For the first quarter, our revenue increased due to a rise in the number of customers in sectors such as energy andCATV, as well as the expansion of our corporate stock business in the information and communication sector.
As a result, our sales reached 56.2 billion yen (an increase of 2.2 billion yen or 4.1% year-on-year), marking
a record high for the fourth consecutive quarter.
On the profit side, although there was an increase in labor costs due to wage hikes continued from last year, thesteady increase in monthly billing numbers due to the rise in customer numbers and strategic cost review andreduction led to an operating profit of 3.3 billion yen (an increase of 0.8 billion yen or 33.6% year-on-year).

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

FY03/25 results(April 1, 2024 toJune 30, 2024)
56,205
3,319
3,441
1,872
14.33

FY03/24 results(April 1, 2023 toJune 30, 2023)
53,971
2,484
2,617
1,338
10.25

(Millions of yen)
YoY
Change+2,234+835+824+534+4.08% change+4.1％+33.6％+31.5％+39.9％+39.8％

2. Main Business Steadily Expands Customer BaseIn our first-quarter business activities, we actively engaged in customer acquisition efforts to achieve our midterm management plan. As a result, the number of ongoing customer transactions at the end of the firstquarter increased by 25,563 to 3,384,000 from 3,358,000 at the beginning of the period.
We saw a net increase of 20,547 gas (LP and city gas) customers, 4,642 CATV customers, 5,778 Aqua
customers, and 1,804 Hikari Collaboration customers, further expanding our revenue base.

3. Continued Revenue and Profit Growth in FY2025, Record-High Sales and Profit in All Categories
Fiscal year 2025 marks the second year of our "Mid-Term Management Plan 2025." We will continue to executethe initiatives outlined in the plan to achieve further growth. In fiscal year 2024, we will enhance our group's
strong sales capabilities to increase the number of customers and orders, thereby expanding our customer base.
Additionally, we will continue to promote area expansion, M&A, and the creation of new businesses. We expect
to maintain revenue and profit growth throughout the year, achieving record-high sales and profit in all categories.
At this point, there are no changes to our consolidated earnings forecast or dividend forecast for the fiscal year
ending March 2025.
(Millions of yen)

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

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

FY03/25 forecast(April 1, 2024 toMarch 31, 2025)
244,000
16,00016,0009,000

FY03/24 results(April 1, 2023 toMarch 31, 2024)
231,513
15,511
15,531
8,481

68.90
3,452,000

64.94

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

YoYChange

3,358,000% change+12,487
+489
+469
+519

+5.4％
+3.2％
+3.0％
+6.1％

+3.96+94,000

+6.1％
+2.8％

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 First Three Months of the Fiscal Year Ending March31, 2025."
For the Company's earnings announcement for the first three months fiscal year ending March 31, 2025, 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 First Three
Months of the Fiscal Year Ending
March 31, 2025

TOKAI Holdings Corporation(Code: 3167)
August 1, 2024

1©2023 TOKAI Holdings Corporation. All Rights Reserved.

Highlights of the First Quarter Financial Results for the Fiscal Year Ending March 2025
Revenue increased for the fourth consecutive period, reaching a record high, driven by growth in customer
numbers in sectors such as energy and CATV, as well as the expansion of corporate information andcommunication services.

Operating profit increased by 800 million yen year-on-year, despite higher personnel costs due to wage increases
continued from last year. This was supported by an increase in monthly subscription numbers due to the rise incustomer numbers and improved profit margins in LP gas.

YoY
1Q FY2024 results

1Q FY2023 results

56,20553,971+2,234+4.1

Operating profit

3,319

2,484+835+33.6

Ordinary profit

3,441

2,617+824+31.5

Profit attributable toowners of parent

1,872

1,338+534+39.9

EPS (yen)

14.33

10.25+4.08+39.8

Net sales% change(%)

Change©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 continuing customers as of June 30, 2023 stood at 3,384 thousand, an increase of 26 thousand from3,358 thousand at the beginning of the fiscal year.

The earnings base continued to expand in the gas, CATV, aqua, and Hikari Collaboration business.

+3+5-2Aqua

 Information andCommunications+21©2023 TOKAI Holdings Corporation. All Rights Reserved.

HikariCollaboration+2

LIBMO-1-3

ISP, etc.

3,358

 CATVBroadcastingCommunications

3,384

 Others
Mobile+0+4Others+6-4+1

 GasLP gas
City gas+21-1

Customer count(Thousand)

FY2023ResultFY2024
1Q Result* Rounded to the nearest thousand. Adjustment is made in Others for duplicate communication
services for ISP and CATV carrier plans.

3

Consolidated Full-year Financial Results Forecast
The fiscal year ending March 2025 marks the second year of the "Mid-Term Management Plan 2025." We will continue
to execute various initiatives in line with the growth tree, which consists of the three elements: "Roots of Growth,""Core," and "Fruits," to achieve further progress.

We will continue to promote area expansion, M&A, and the creation of new businesses, aiming to sustain revenue andprofit growth in FY2024, achieving record highs in sales and all profit categories.

(Millions of yen)

FY2024 forecast(April 1, 2024 toMarch 31, 2025)

FY02023 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％

Profit attributable toowners of parent

9,000

8,481

+519+6.1％

EPS (yen)

68.90

64.94

+3.96

+6.1％

3,452,000

3,358,000+94,000+2.8％

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

Customer countat end of fiscal year

4

Dividend Forecast

The annual dividend per share is planned to increase by 1 yen from the previous fiscal year, reaching 34 yen per share.

The dividend payout ratio will continue to remain at a high level.

Interim dividend

Year-end dividend

Commemorative dividend

6050

47.2%
43.4%

©2023 TOKAI Holdings Corporation. All Rights Reserved.

30

1212yen/shareyen/share

6614yen/share

666

FY2014FY201530282828

28

yen/shareyen/shareyen/shareyen/share

141414yen/share

1660.0%

49.3%

46.7%

50.0%

32

32

yen/shareyen/share

17163334

yen/share yen/share

171711FY2016

40.0%
30.0%
20.0%

118

FY2013

44.6%

44.5%

635.1%

050.8%

54.7%

52.9%
46.7%

1070.0%

64.8%

40

20

Payout ratio

1414

14

1415

161617FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023

FY2024(forecast)

10.0%
0.0%

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

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（１） Consolidated results(Millions of yen)©2023 TOKAI Holdings Corporation. All Rights Reserved.

Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
Results

Q1 FY03/24
Results

Q1 FY03/25
Results

Sales

45,113

48,39651,80353,971

56,205

Operatingprofit

3,783

3,226

3,355

2,484

3,319

Recurringprofit3,8303,353

3,389

2,617

3,441

Net income

2,445

1,870

1,795

1,338

1,872

E P S ( Ye n )

18.68

14.28

13.72

10.25

14.33

7（２）Sales by segment(Millions of yen)
Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
Results

Q1 FY03/24
Results

Q1 FY03/25
Results

Energy17,63418,99823,27423,966

24,669

Information andCommunications

12,65012,61912,873

13,46813,994

6,035

5,845

7,433

8,149

For individuals
For corporations©2023 TOKAI Holdings Corporation. All Rights Reserved.

ＣＡＴＶ

8,226

7,996

8,239

8,8208,978

Construction,
Equipment and Real
Estate

3,819

5,542

4,641

4,852

5,080

Aqua

1,896

1,921

1,860

1,871

2,285

Others1885

1,319915

992

1,197

45,113

48,39651,80353,971

56,205

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

8

（３）Operating profit by segment(Millions of yen)
Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
Results

Q1 FY03/24
Results

Q1 FY03/25
Results

Energy

1,972

1,578

1,936924

1,862

Information andCommunications

1,110

1,224

1,236

1,456

1,177

For individuals

272

177

For corporations

1,184

1,000ＣＡＴＶ©2023 TOKAI Holdings Corporation. All Rights Reserved.

1,367

1,459

1,559

1,618

1,652

Construction,
Equipment and Real
Estate

233

263

53

126

226

Aqua

271

37

62

98

136

-1,171-1,337-1,494-1,739-1,734

3,783

3,226

3,355

2,484

3,319

Others・Total※Figures are before the allocation of indirect costs, etc.
※For information and communications, starting from the first quarter of 2023, figures for individuals and corporations are also displayed.

9（４）Consolidated financial indicators(Millions of yen)©2023 TOKAI Holdings Corporation. All Rights Reserved.

Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
Results

Q1 FY03/24
Results

Q1 FY03/25
Results

To t a l a s s e t s

168,253

176,837

183,065

188,637

206,246

To t a lliabilities

100,025

101,165

103,809106,520

114,171

To t a l n e t
assets

68,22875,672

79,256

82,117

92,074

Balance ofinterestbearing debt

48,12743,42845,452

46,24652,133Equity ratio

39.7 %

41.9 %

42.3 %

42.4 %

43.5 %

10（５）Consolidated cash flows(Millions of yen)©2023 TOKAI Holdings Corporation. All Rights Reserved.

Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
Results

Q1 FY03/24
Results

Q1 FY03/25
Results

Operating cash flow

10,837

8,339

6,049

8,414

5,507

Investment cash flow

-7,579-5,716-4,262-4,252-6,701

Free cash flow

3,257

2,623

1,786

4,161-1,193

Financing cash flow

-3,022-2,282-2,067-3,678

2,032

11（６）Group customer count(Thousand)
Q1 FY03/21
Results

Q1 FY03/22
Results

Q1 FY03/23
ResultsQ1 FY03/24
Results

Q1 FY03/25
Results

718

752

791

830

874

Conventional ISP
etc.

383

391

413

403

390

HikariCollaboration

328

337

351

365

375

LIBMO

50

53

58

72

79760

781

823

840

844

CATV

1,161

1,206

1,240

1,293

1,318

Aqua

159

164

166

165

173

Mobile

211

201

187

176

166

Security

1616

16

16

16

3,012

3,108

3,213

3,312

3,384

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 excludedfrom the total value.
*Information and communications (conventional ISP, etc.) includes ISP additional service (PC visit support service) contracts from 2Q 2021, andcontracts for the same (PC remote support service) from 2Q 2022.

12

The performance forecasts and future projections described in this document are based on
information available at the time of writing and represent the company's judgment. Theseforecasts include potential risks and uncertainties. Therefore, please be aware that actual
performance may differ significantly from the future outlook described due to various factors.
Amounts are rounded down to the nearest million yen, and other figures are rounded to thenearest whole number.

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
http://tokaiholdings.co.jp/english/
e-mail： overseas_IR@tokaigroup.co.jp

13