Business
Report 2022
April 1, 2021 to March 31, 2022

Wi-Fi 6

nasne®

AirdogRyusui noodles

To Our Stakeholders

The impact of COVID-19 on social and economic activities still
continues this year. I know this will afflict all our stakeholders. I
would like to express my deepest sympathies to all of you. I also
want to state my sincere gratitude to medical personnel and allothers engaged in preventing the spread of COVID-19.
In the fiscal year ended March 31, 2022, our corporate group
worked hard to expand our business while continuing to
implement company-wide telecommuting. As a result, sales andprofit were up in our consolidated operating results. We were able
to achieve record highs for both sales and profit. I would like toexpress my warmest gratitude for the understanding and support
from all our stakeholders.
We are aiming for long-term growth in net income per share in
the fiscal year ended March 31, 2022 to the fiscal year ending
March 31, 2023 as our basic capital policies. Under this aim, weHiroyuki Maki

are aiming for a total payout ratio of 80% with stable dividends

President and CEO
MELCO HOLDINGS INC.

and treasury stock acquisition. In addition, we have positioned
total shareholder return (TSR) as an important indicator.
Accordingly, we are proceeding with business that meets the
expectations of our shareholders.
Moving forward, while continuing to strike a proper balance
between the prevention of the spread of COVID-19 and businessexpansion, the entire Group will devote ourselves to supportingthe changes in our customers’ social lives. I look forward to yourcontinued support and patronage.
June 2022

Melco Values

A LastingCompany

We earnestly study and put into practice theteachings of our predecessors, and continually
look to the future with the aim of achieving
perpetual growth for the Melco Group along withall those who share our Melco values.

CustomerOriented

We always look at things from the perspective of
our customers to continue to provide products
and services that play a part in the realization ofeven richer lives. We take pleasure in contributing
to the development of society through our
wisdom and hard work.

1 Business Report 2022

Rapid
Response
to Change

We never shy away from the changes happening
in the world around us and we have the courage
to change direction when we make mistakes. We
always strive to improve ourselves and work hard
toward personal transformation.

Solidarity

We, in a spirit of fairness and openness, alongwith people who share high aspirations andpassions, will work together as one to overcome
any difficulties and achieve our goals.

Policy

Promoting the establishment of a robust businessportfolio that can withstand sudden changes in external
environments and realize permanent growth

Outlook remains uncertain despite anincrease in sales and profit for thesecond consecutive term

Focusing on stable supply and cost
reduction amidst a shortage of raw
materials and soaring prices

The Japanese economy in the fiscal year under review

For the IT-related sector, we have focused on expanding

remained in an extremely difficult situation with a decline insales of high value-added products for corporate users.

economic and consumption activities due to the spread of

Meanwhile, we have strived to stimulate new demand

COVID-19. The outlook remains uncertain due to thethrough products compatible with Wi-Fi EasyMeshTM*1 andepidemic of COVID-19 variants, the aggravating situation

nasne®*2 for home users. We maintained net sales throughsurrounding Ukraine, a rise in prices, and the depreciation of

those efforts. Nevertheless, it was a difficult profit

the yen.

environment due to intensifying price competition, supply

Under such circumstances, we have a basic policy in theconstraints arising from a global shortage in semiconductors

IT-related sector to fully cooperate with government policies

and soaring raw material prices. On the other hand, Airdog,

on preventing the spread of COVID-19. Under these policies,

a high-performance air purifier that our corporate group sells

we have continued to take measures to ensure businessas a Japanese distributor, and RYZEN*3, a CPU manufactured

continuity. These include the implementation of

by Advanced Micro Devices, Inc. (AMD), and the Buffalo

telecommuting, split shifts in offices and the use ofRegular Data Recovery Service performed well.

teleconferencing systems. Amidst these initiatives, we have

For the food sector, we worked to expand brand-nameendeavored to stably supply products and conduct proactive

products and frozen noodles for family use. However, sales

sales activities for our main products. Moreover, upondeclined due to the recoil from the special demand in thecontinuing to take thorough measures against COVID-19 inprevious year and the impact of unseasonable weather. Sales

the food sector, we have strived to stably supply products

from products for commercial use increased due to new

while working to expand the number of food products weintroduction for major consumers and an expansion in thesell, sales and our market share.

introduction to school meals. The prices of raw ingredients

As a result, net sales were 144,137 million yen, operating
income was 12,698 million yen (up 43.5% year on year),(including the main raw ingredients of wheat flour andbuckwheat flour), materials and energy have been rising.

ordinary income was 13,083 million yen (up 44.2% year on

Against this backdrop, we continued to work on reducingyear) and net income attributable to parent company

product costs and other expenses. Together with theseshareholders was 9,346 million yen (up 41.1% year on year)

initiatives, we revised product prices on March 1, 2022.

in our results in the fiscal year under review.

Note: “ Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March
31, 2020)” was applied at the beginning of the first quarter of the consolidated
fiscal year, and the figures in the fiscal year under review are the ones to which
said Accounting Standard has been applied. However, said Accounting Standard
has not been applied retrospectively to the figures in the fiscal year ended March
31, 2021, so YoY rate in the fiscal year under review in relation to net sales is notindicated.

*1 Wi-Fi and Wi-Fi EasyMesh are the registered trademarks of Wi-Fi Alliance.
*2 nasne is the registered trademark of Sony Interactive Entertainment LLC.
*3 AMD, Ryzen, and a combination of them are the registered trademarks ofAdvanced Micro Devices, Inc.

Business Report 2022

2

Policy

Aiming for stable group management ina harsh business environment

Consolidated Net Sales (Unit: million yen)

108,993

114,888

129,912

144,137

150,000

There are still concerns about the spread of COVID-19.
Amidst such circumstances, we expect the businessenvironment of our corporate group to become more severe
due to factors that include the difficulty in procuring various
components (especially semiconductors), the depreciation ofMarch 2019 March 2020 March 2021 March 2022 March 2023
(est.)

the yen, the aggravating situation surrounding Ukraine, therise in the cost of procuring grains, and soaring energy
prices. In this situation, we have been striving to stably
supply products and to conduct proactive sales activities forhigh value-added products in the IT-related sector. On theConsolidated Ordinary Income (Unit: million yen)
Consolidated Ordinary Income Margin (Unit: %)other hand, we have been focusing on strengthening
internal controls and SDGs initiatives while ensuring stable

13,083

profits and expanding sales in the food sector.
Based on these assumptions, we estimate net sales,
operating income, ordinary income, and net income

9.1

9,071
6.0
6,520

4,914
4.3

7,000

7.0

4.7

attributable to parent company shareholders to be 150
billion yen (up 4.1% year on year), 6.5 billion yen (down
48.8% year on year), 7 billion yen (down 46.5% year on

March 2019 March 2020 March 2021 March 2022 March 2023
(est.)

year), and 5 billion yen (down 46.5% year on year),respectively, on a consolidated basis in the fiscal year ending
March 31, 2023.
Keeping our Melco values in mind, we will continue
striving to improve our products and services with the aim ofrealizing further development and perpetual growth as a

Net Income Attributable toParent Company Shareholders (Unit: million yen)
Consolidated Net Income Margin (Unit: %)lasting company.
9,346

6,625
3,802
3.5

3,139

6.5

5,000

5.1
3.3

2.7

March 2019 March 2020 March 2021 March 2022 March 2023
(est.)Net Income per Share (Unit: yen)584.32402.08187.98296.32173.61March 2019 March 2020 March 2021 March 2022 March 2023
(est.)

3 Business Report 2022

Business Segment

Our company supports the lives and businesses ofour customers with our three business segments:
IT, Food, and Finance.
IT-Related BusinessWe provide various products with a focus on digital consumer electronics and computer peripherals. These include network
products (e.g., Wi-Fi), external drives for PC/TV recording, storage products such as NAS with remote device monitoring andoperation features for corporate users, and MagWiper, a magnetic data degaussing device. In addition to these, we also offer
products that add richness to everyday life. These include the Airdog, a high-performance air purifier, nasne®, a network recorderand media storage device, and digital music library devices that dedicate to high resolution audio. We also offer various services
and solutions including our data recovery services, the remote management service Kiki Navi, and Apartment Wi-Fi for rental
properties.

Wi-Fi 6 (11ax)-compatible router

External hard disk

NAS for corporate users

nasne®

Buffalo Regular
Data Recovery Service

Digital music library

Have you lost your HDD data?
Try our data recovery service
before giving up!

Omoidebako

AirdogKiki Navi

Data recovery service

Business Report 2022

4

Business Segment

IT-Related Business

Mid-Term Vision “Gateway 2.0”
Providing a safe network for
all of society in the IoT era

Home network
innovations

Eliminating the trouble of“not connected,”“troublesome to connect” and“scary to connect” to
Wi-Fi in public spaces

BCN
AWARD
2022

Eliminating the trouble of“not connected,”“cannot be connected” and“no longer connected” ofhome Wi-Fi

Public gateway
solutions

Data storage
optimization

Wireless LAN
Category

NAS
Category

Hub
Category

LAN Card
Category

External HDD
Category

20th consecutive year
20th win

9th consecutive year
9th win21st consecutive year
22nd win

23rd consecutive year
23rd win

14th consecutive year
19th win

Eliminating the trouble of“lost,” “loss fears,”“cannot be reproduced”
and “can be used but only
slowly” of important data

(January to December 2021)

13 Categories

Winner in

These prizes are awarded
based on actual aggregate
sales at major electricalappliance stores acrossJapan.
*1 This is as the Melco Group. We have
won this award thirteen years in a row
for a total of thirteen times as CFD sales.
*2 This is as the Melco Group. We have
won this award eleven years in a row fora total of eleven times as CFD sales.

5 Business Report 2022

RouterCategory

Expansion Interface Category

19th consecutive year 19th win*

Memory Category

13

19th consecutive year
20th win

Drive Casing Category

12

PC Power Unit Category

11th consecutive year

11th win

USB Memory Category

2nd consecutive year

9th win

DVD Burner Category2

consecutive year

11th win

External SSD Category

2nd consecutive year

2nd win

1

th
th

nd

consecutive year

21 win*consecutive year

14

st

2

th

win

Food
We offer a rich lineup of products including udon noodles, soba noodles, Chinese noodles, fried noodles, and pasta; we alsooffer Ryusui noodles, which can be eaten just by unraveling them with unboiled water, and Kenbi noodles, a health food product.
We are releasing family use food products centered on chilled noodles and frozen noodles, and commercial food products
centered on frozen noodles. We are also creating new possibilities in the noodles market by continually approaching products
from the viewpoint of our customers, including attractive noodle dishes and new ways of eating noodles in addition to utilizing
noodles as an ingredient.

Kenbi Noodles
40% lesscarbohydratecontent
Authentic udon
noodles

Keyword forour development:

5K
Yousyusyonin
Shanghai-style
fried noodle

Hokkaido no
Aji-meguri“Sapporo ClockTower” Chinese
NoodlesRich soy sauce
flavor

Kenko(Healthy)

Ryusui Noodles
Soba

Kamben(Convenient)

Frozen Kenbi
Noodles
Salt-free
Inaniwa-style udon
noodles

Kaioki(Storage stock)

Kohinshitsu(High quality)

Keizaisei(Economical)

Taikoban
Udon noodles

FinanceThis business is contributing to the earnings stabilization in the Melco Group through investment management and financial
instrument intermediary services.

Business Report 2022

6

Business Overview

Consolidated
Net Sales

Consolidated
Operating Income

Net Income
per Share(Unit: million yen)

(Unit: million yen)

(Unit: yen)

IT-Related
FinanceFood

150,000

144,137
129,912

12,698114,888108,993584.328,848
6,500

402.085,959

296.32

4,137
187.98173.61March 2019

March 2020

March 2021

March 2022

March 2023 (est.)■ IT-Related

70,78378,557

97,929112,161̶■ Food35,90034,69031,19531,317̶■ Finance

2,306

1,640

785

657

̶

7 Business Report 2022

Consolidated Net Sales by Segment/Segment Income or Loss
IT-Related(Unit: million yen)

Net Sales
Net Sales

77.8%

97,929112,161

112,161

million yen
March
2021

March
2022

(Unit: million yen)Segment Income

11,85648.9

11,856
7,963
million yen
increaseyear on year

March
2021

March
2022

In our mainstay computer peripherals market, we have poured our energies into expanding high value-added products forcorporate users. For example, we have announced the joint development of TeraStation products that can reduce the workburden when replacing large-capacity NAS and IoT data-linked solutions of Saison Information Systems Co., Ltd. We havelaunched Wi-Fi EasyMeshTM and nasne® to stimulate new demand for home users. We maintained net sales through thoseefforts. Nevertheless, there was a harsh profit environment due to intensifying price competition, supply constraints arisingfrom a global shortage in semiconductors and soaring raw material prices. Meanwhile, Airdog, which our corporate groupsells as a Japanese distributor, and Buffalo Regular Data Recovery Service performed well. As a result, net sales were 112,161
million yen, and segment income was 11,856 million yen (up 48.9% year on year).

Food(Unit: million yen)

Net Sales

31,195Net Sales

21.7%

31,31731,317

million yen
March
2021

March
2022

(Unit: million yen)Segment Income

2,219
1.5

2,187

2,219

March
2021

March
2022

million yen
increaseyear on year

We endeavored to expand sales of brand-name products and frozen noodles for family use such as Taikoban for which welaunched a new product for western Japan. However, sales declined due to the recoil from the special demand in theprevious year and the impact of unseasonable weather. Sales from commercial products increased due to new adoption andan expansion in the introduction to school meals, in addition to the rebound from a significant decline in the previous year.
Amidst an increase in raw material and energy costs, we continued to work on reducing product costs and other expenses
while revising product prices in order to secure profits. On the other hand, we proactively invested in television commercial,campaigns and other advertising and sales promotion expenses. As a result, net sales were 31,317 million yen and segment
income was 2,219 million yen (up 1.5% year on year).

Finance(Unit: million yen)

Net Sales
Net Sales

0.5%

657
16.3

785

657

million yen
decreaseyear on year

March
2021

March
2022

(Unit: million yen)Segment Income

170

170

million yen

Segment loss
in the same period of
the previous year: 63 million yen

(63)
March
2021

March
2022

The difficult operating environment continued, resulting in net sales of 657 million yen (down 16.3% year on year) andsegment income of 170 million yen (segment loss of 63 million yen in the same period of the previous year).

Business Report 2022

8

Topics

Entered into a capital andbusiness partnership agreementwith Saison Information
Systems Co., Ltd.

Launch of the reborn nasne®
with the cooperation of SonyInteractive Entertainment LLC.

Our corporate group announced a corporate statement of

nasne®, launched by Sony Interactive Entertainment LLC.

“Providing joy through technology that connects” in the(hereinafter “SIE”) in 2012, was discontinued in 2019 despite

fiscal year ended March 31, 2017. Since then, we havebeing supported by many customers as a network recorderpromoted a strategic shift from “manufacturing-oriented

and media storage system that allowed you to enjoy

business” to “customer-oriented business,” thewatching TV, make reservations to record shows and playstrengthening of our ability to develop “technology thatvideos at any time and anywhere on smartphones, tablets

connects” and an enhancement of our alliance with externaland various other devices just by connecting to your homepartners who have those abilities.

network.

In this situation, we have been jointly developing aplatform to encourage the utilization of data with Saison

Many customers asked for a continuation of sales.
Accordingly, Buffalo, which was involved in the development

Information Systems Co., Ltd. (hereinafter “Saisonof wireless LAN and other network products and NAS as a

Information”), which is a company with a strong track

manufacturer of peripherals for digital home appliances,

record of developing “technology that connects”, as well as

decided to take over nasne® by utilizing its knowledge while

having a brand and customer base that are both robust.

receiving the cooperation of SIE. We started sales from theThen, we decided to enter into a capital and businessend of March 2021. We inherited its ease of use and are

partnership agreement to smoothly and steadily promoteevolving it in line with the era of high-image quality andcommunication between our company and Saison

high-speed networks.

Information while building an even stronger relationship over

Buffalo is creating new digital solutions through nasne® toprovide the joy of saving and playing digital data even more

the mid- to long-term.
The main contents of this capital and business partnershipsafely and comfortably.

are as follows: We envision developing products thatcombine the products of Saison Information and our
corporate group for the IT-related sector and mutual
utilization of the sales channels of Saison Information andour corporate group, aim to further improve the corporate
value of both companies, and promote the diversified
business operation that our corporate group advocates.

The Nikkei

Selected as
one of the Nikkei MJ
2021 hit products

NAS“TeraStation”

9 Business Report 2022

nasne® NS-N100 was selected as one of
the Nikkei MJ 2021 hit products.

Started a project to donate PC
chargers to universities acrossJapan as support in the fightagainst COVID-19.

New release of Taikoban exclusive
to western Japan: Provision ofudon noodles, Japanese soba
noodles and Chinese noodles

Universities have been holding classes online during theDemand for home-cooked meals continues to be strong due

COVID-19 pandemic. This has meant an increasing number

to the prolonged COVID-19 pandemic. Against thisof students taking classes at home or from various otherbackground, the preference for consumers to save money

places. Buffalo started a project in March 2022 to donate

and stockpile goods has been even more prominent.

compact and lightweight USB Power Delivery-compatible PC

Shimadaya launched three new products in September 2021

chargers for students starting a new university life in April– udon noodles, Japanese soba noodles and Chinese

2022. We are doing this to support the classes and research

noodles – exclusive to western Japan in the Taikoban brandof new university students who will be placed in a changed

that has already proved popular in the Kanto region tolearning environment.

respond to such a consumer environment.

The mission of this project is to provide a safe andThis product is a strategic product to open up the market

comfortable student life. Under this mission, we are aiming

in western Japan where Shimadaya has a low share. It is ato offer support so that students who will create the futurebargain product containing three meals with both tastinesscan devote themselves to their classes with peace of mind.

and preservability. Moreover, we aired TV commercials

We have already donated approximately 15,000 chargers tolimited to western Japan from October to December at thea total of three universities: Nagoya University, Nagoya City

time of the launch and in February when demand for udon

University and Waseda University.

noodles is high to raise awareness among customers and to

Buffalo will continue to support ICT to ensure that thehave the brand established on the market. Furthermore, welearning environment of all new university students is evenalso held a consumer campaign at the same time to win amore comfortable under our corporate statement of

JCB gift card worth 5,000 yen that proved popular among“Providing joy through technology that connects.”

customers last year. Thanks to these effects, many customers
bought Taikoban. Accordingly, we were able to stimulate themarket while winning new sales.
In the spring of 2022, we switched to the wheat grownin Japan for the ingredient of our udon noodles to meet ourcustomers’ preference for safety and peace of mind.
Shimadaya will continue to contribute to the dietary life of
our customers by developing and selling products withadded value while putting importance on the environmentand domestic production which contribute to a sustainable
society in addition to our existing five K values (healthy,
convenient, high quality, economical and storage stock).

At the presentation ceremony at Nagoya University in March 2022:(Right) President Seiichi Matsuo (at that time)(Left) Professor Hiroshi Amano(Middle) Hiroyuki Maki, President and CEO of our company

Taikoban series exclusively available in western Japan

Business Report 2022

10

Financial Statements

Consolidated Balance Sheet(Unit: million yen)

Fiscal Year Ended
March 31, 2022

Fiscal Year Ended
March 31, 2021

Current assets

69,72267,759Fixed assets

26,07518,042

Tangible fixed assets

11,033

11,604

Intangible fixed assets

2,012

917

Investments, etc.

13,0305,520

Total assets

95,79885,802Current liabilities

29,61829,160Long-term liabilities

3,056

4,449

Total liabilities

32,67433,609

1,000

1,000

Capital surplus

250

4,404

Retained earnings

64,89865,117

Treasury stock(3,486)(18,735)

Total shareholders’equity62,662

51,786Item❶ Assets❷ Liabilities❸ Net assets
Shareholders’ equity
Capital❶ Assets
Total assets for the fiscal year ended March 31, 2022
were 95,798 million yen - an increase of 9,995 million yen
compared to the end of the previous consolidated fiscal
year. Current assets totaled 69,722 million yen – anincrease of 1,962 million yen. This change was mainly due
to a 5,012 million yen increase in goods and products, a
3,010 million yen increase in raw materials and supplies, a
1,352 million yen increase in notes and accounts
receivable, and a 7,829 million yen decrease in cash anddeposits. Fixed assets totaled 26,075 million yen – anincrease of 8,032 million yen. This change was mainly due
to a 7,433 million yen increase in investment securities.

❷ Liabilities
Total liabilities for the fiscal year ended March 31, 2022
were 32,674 million yen - a decrease of 934 million yen
compared to the end of the previous consolidated fiscal
year. Current liabilities were 29,618 million yen – anincrease of 458 million yen. This change was mainly due
to a 1,097 million yen increase in contract liabilities, a 410
million yen increase in electronic recording liabilities, andan 897 million yen decrease in notes and accounts
payable. Long-term liabilities totaled 3,056 million yen - adecrease of 1,393 million yen. This change was mainly
due to an 861 million yen decrease in long-term debt anda 512 million yen decrease in other long-term liabilities.

❸ Net Assets

Accumulated othercomprehensive income
Net unrealized gains(losses) on othersecurities

605

765

Deferred gains orlosses on hedges

243

176

Foreign currencytranslation
adjustments

(110)

(187)

Remeasurements ofdefined benefit plans

(299)

(370)

Total accumulated
other comprehensive
income438

383

Subscription right toshares22

22

Total net assets

63,12352,193

Total liabilities andnet assets

95,79885,802

Note: We have given the listed amounts by rounding down to the nearest million yen.

11 Business Report 2022

POINT

Total net assets for the fiscal year ended March 31, 2022
were 63,123 million yen - an increase of 10,930 million
yen compared to the end of the previous consolidated
fiscal year. This change was mainly due to a 9,346 million
yen resulting from the acquisition of net income
attributable to parent company shareholders, a 7,570
million yen resulting from the disposal of treasury stocks,
a 4,668 million yen resulting from the acquisition oftreasury stocks, and a 1,391 million yen resulting from
dividends of surplus.

Consolidated Income Statement(Unit: million yen)
Fiscal Yearfrom April 1, 2021
to March 31, 2022

Fiscal Yearfrom April 1, 2020
to March 31, 2021

Net sales

144,137

129,912

Cost of sales

100,219

94,537

Selling, general andadministrative expenses

31,22026,526

Operating income

12,698

8,848

Non-operating income

856

393

Non-operating expenses

470

170

13,083

9,071

Extraordinary incomeー13Extraordinary loss

47

229

Net income before
taxes and otheradjustments

13,036

8,855

Income, resident andenterprise taxes

3,751

3,032

Income taxes - deferred

(62)

(802)

Net income
attributable to parent
company shareholders

9,346

6,625

Item

Ordinary income

Consolidated Cash Flow Statement (Unit: million yen)
Fiscal Yearfrom April 1, 2021
to March 31, 2022

Fiscal Yearfrom April 1, 2020
to March 31, 2021

Cash flows fromoperating activities

1,005

11,266

Cash flows from investing
activities(1,839)12,235

Cash flows fromfinancing activities(6,958)(4,441)

64

57

Net increase (decrease)in cash and cash
equivalents(7,727)

19,118Cash and cash
equivalents at the
beginning of the period

29,562

10,444

Cash and cash
equivalents at the endof the period

21,83429,562Item

Effect of exchange ratechanges on cash andcash equivalents

Total Assets (Unit: million yen)
Capital to Asset Ratio (Unit: %)95,79888,67578,87085,802
65.9

61.7

61.2

60.8

For detailed information
MELCO HOLDINGS IR

March 2019

March 2020

March 2021

March 2022

Searchmelco-hd.jp/ir/top

Notes:
1. We have given the listed amounts by rounding down to the nearest million yen.
2. “Accounting Standard for Revenue Recognition (ASBJ Statement No. 29; March
31, 2020)” was applied at the beginning of the first quarter of the consolidated
fiscal year, and the figures in the fiscal year under review are the ones to which
said Accounting Standard has been applied.

Business Report 2022

12

Company Information (Current as of March 31, 2022)

Japan
MELCO HOLDINGS INC.
Company Name Melco Holdings Inc.
Date of
Incorporation
Capital StockBusiness
Activities

July 1, 1986
1,000 million yen
Pure holding company of Melco Group.
Melco Holdings Inc. holds the shares of the group’s
operating companies. Governs the operating companies inour group by providing support for business activities andoffering managerial guidance.

Board Members (Current as of June 29, 2022)
President and CEO

Director

Hiroyuki Maki

Ichiro Hirata

Executive Vice President

Director

Tamio Matsuo

Shigeru Sasaki

Director

Director

Norio Kinoshita

Jun Kamiya

Director

Full-time Corporate Auditor

Yoshimasa Nagase

Masanao Tsuzuki

Director

Full-time Corporate Auditor

Manabu Yano

Takehiko Inoue

Number of
Employees

Non-consolidated: 35
Melco Group consolidated: 1,915

Director

AuditorIwao Tsusaka

Shinji Shibagaki

Number ofGroup
Companies

21 (17 in Japan; 4 overseas)

Director

AuditorDaisuke Maki

Masashi Kitamura

Director

Auditor

Kenichi Fukuhara

Shogo Kimura

BUFFALO INC.
Company Name Buffalo Inc.

Board Members (Current as of May 17, 2022)
President and CEO

Director

Hiroyuki Maki

Masaya Ishimaru

Executive Vice President

Director

Taiji Watanabe

Takashi Nishiwaki

Senior Managing Director

Director

Manabu Wada

Katsumi Iwasaki

Managing Director

Director

Date ofFoundation

May 1, 1975

Date of
Incorporation

August 5, 1978

Capital Stock

320 million yen

Business
Activities

Development, manufacture, and sale of digital home
appliances and PC peripherals; data recovery service

Manabu Yano

Chisato Nakayama

Managing Director

AuditorNumber of
Employees

642

Kazunori Yokoi

Masanao Tsuzuki

Shimadaya Corporation
Company Name Shimadaya Corporation

Board Members (Current as of May 16, 2022)
President and CEO

Director

Norio Kinoshita

Toshio Sasaki

Senior Managing Director

Director

Shinichiro Soma

Naoki Soneda

Senior Managing Director

Director

Kenji Okada

Hiroyuki MakiManaging Director

Director

Date ofFoundation

July 20, 1931

Date of
Incorporation

March 4, 1949

Capital Stock

1,000 million yen

Business
Activities

Manufacture and sale of noodles and related foodproducts

Nobuyuki Obara

Tamio Matsuo

Director

AuditorNumber of
Employees

323

Ryuta Sugiyama

Masaru Kato

13 Business Report 2022

Stock Information (Current as of March 31, 2022)

Stock
CFD Sales INC.

Number of Shares
Outstanding

17,937,873

Development, manufacture and sale of personal computer
parts and peripheral equipment

Number of Shareholders

4,566(including 1,064,359 treasury stocks)

BIOS Corporation
Development, manufacture and sale of storage-related
products

MELCO SYNCRETS INC.
Development and sale of audio equipment and related
products

BUFFALO IT Solutions inc.
Network infrastructure construction and maintenanceservices

Major Shareholders (Top 10)
Shareholder Name

Number of
Shares Held
(1,000 Shares)

Shareholding
Ratio
(%)

Makis Co., Ltd.

8,390

49.72 (46.77)

ECM MF

1,781

10.56 (9.93)

Advanced Design Corp.

The Master Trust Bank ofJapan, Ltd. (trust account)673

3.99 (3.75)

Data recovery/erasure/conversion services and manufactureand sale of data erasure products

Hiroyuki Maki

617

3.66 (3.44)

DigiOn, Inc.

Daisuke Maki

617

3.66 (3.44)

Maki Makoto Foundation

500

2.96 (2.79)

Jun Maki300

1.78 (1.67)

MELCO Financial Holdings Inc.

Custody Bank of Japan, Ltd.
(trust account)162

0.97 (0.91)

Overall management of financial business within the MelcoGroup

Taiji Iwasaki

145

0.86 (0.81)

MELCO Investments Inc.

NORTHERN TRUST CO. (AVFC)
SUB A⁄C NON TREATY

114

0.68 (0.64)

Development and sale of network and storage software

toConnect, inc.
Direct marketing of products

Investment management and financial instrument
intermediary services

Notes:
1. The number of shares held has been rounded down to the nearest one thousand.
2. We have calculated the shareholding ratio based on the total number of outstanding
shares less treasury stocks. We have then given this ratio by rounding up/down the
figures to the second decimal place. The shareholding ratio in the parentheses ( ) is
calculated based on the total number of outstanding shares including treasury stock.

Overseas<USA> BUFFALO AMERICAS, INC.
Sale of network-related equipment and PC peripherals<Taiwan> BUFFALO TECHNOLOGY (TAIWAN) Inc.
Procurement and management of the product<Singapore> Melco Capital Pte. Ltd.
Investment management

Shareholding Distribution byType of Shareholder (Unit: thousand shares )Treasury stock
1,064 (5.93%)

Individuals
and others
3,720 (20.74%)
Foreigncorporations
3,028 (16.88%)

Financial institutions
900 (5.02%)

Number of
SharesOutstanding
17,937

Financial instruments
business operators
211 (1.18%)
Other Japanese
corporations
9,011 (50.24%)(Current as of March 31, 2022)
Notes:
1. The number of shares held has been rounded down to the nearest one thousand.
2. The composition ratio has been rounded off to the second decimal place.

Business Report 202214

Shareholder Notes
Fiscal year-end:

Website Guide
MELCO HOLDINGS INC.

March 31

Provides the latest news, corporate information,
information for investors and other data.

Ordinary general meeting Juneof shareholders:Dates to determine stock For shareholders with voting rights:
ownership:
March 31
For shareholders eligible for year-end dividends:
March 31
For shareholders eligible for interim dividends:
September 30
Stock listings:

Prime Market of the Tokyo Stock Exchange
and Premier Market of the Nagoya Stock
Exchange

Securities code:

6676

Number of shares per
trading unit:

100 shares

Method of public notice:

Posted electronically on
https://melco-hd.jp/koukoku/

Stock agencies:

Sumitomo Mitsui Trust Bank, Limited

Contact information:

Sumitomo Mitsui Trust Bank, Limited, Stock
Transfer Agency Business Planning Dept.
2-8-4 Izumi, Suginami-ku, Tokyo

BUFFALO INC.
Provides product and service details, application
cases, and support information.

•‌Telephone Inquiries
0120-782-031 (Toll free)
9:00 to 17:00 (Except on Saturdays,
Sundays and public holidays)
Managing underwriter:

https://melco-hd.jp(Main) Daiwa Securities(Secondary) Nomura Securities,
Mizuho Securities and
SMBC Nikko Securities

https://www.buffalo.jp
Shimadaya Corporation
Introduces a variety of information on
recommended recipes and products.

(Securities code: 6676)

Tokyo Headquarters:

Pacific Century Place Marunouchi, 1-11-1
Marunouchi, Chiyoda-ku, Tokyo, 100-6215
Japan
TEL: 81-3-4213-1122
FAX: 81-3-4213-1123

Nagoya Headquarters:

Akamon-dori Bldg., 3-30-20 Ohsu, Naka-ku,
Nagoya, 460-8315 Japan
TEL: 81-52-251-6891
FAX: 81-52-249-6609

https://www.shimadaya.co.jp