Consolidated Financial Results for the First Three Months of the
Fiscal Year Ending March 31, 2022 [Japanese GAAP]
July 29 2021
Company name: TOKAI Holdings Corporation
Stock listing:Tokyo Stock Exchange
https://tokaiholdings.co.jp
Stock code:
3167
URL:
Representative:
Katsukiho Tokita, President & CEO
Contact:
Junichi Yamada, Representative Director and Managing Executive Officer, General Manager ofGeneral Affairs Division Headquarters
Telephone: +81-54-275-0007
Scheduled date of filing quarterly report:
August 11, 2021
Scheduled date of dividend payment:
Supplementary materials on quarterly financial results:
Yes
Quarterly financial results briefing:No(Figures are rounded to the nearest million yen)

1. Consolidated Financial Results for the Three-months Ended June 30, 2021
(April 1, 2021 to June 30, 2021)(1) Consolidated Operating Results (cumulative)(% figures represent year-on-year changes)

Sales

Operating Profit

Millions of yen%

Millions of yen

Quarterly Net
IncomeAttributable to
Owners of the
ParentRecurring Profit%

Millions ofyen%Millions of yen

Three-months Ended
3,226
3,353
-12.5
48,396
7.3-14.7
June 30, 2021
Three-months ended
3,783
3,830
14.3
45,113-1.5
17.1
June 30, 2020
(Note) Comprehensive income: 1,792 million yen in the Three-months Ended June 30, 2021 (-56.2%)
4,091 million yen in the Three-months ended June 30, 2020 (98.6%)
Quarterly Net Income
per Share
Three-months Ended
June 30, 2021
Three-months ended
June 30, 2020

%

1,870

-23.5

2,445

9.2

Quarterly Net Income
per Share (Diluted)

Yen

Yen

14.28

-

18.68

-

(2) Consolidated Financial Position
Total Assets

Net Assets

Millions of yen

Millions of yen

Equity Ratio%

Three-months Ended
176,837
75,672June 30, 2021
Year ended
178,974
76,056
March 31, 2021
(Reference) Equity: 74,093 million yen for the Three-months Ended June 30, 2021
74,510 million yen for the year ended March 31, 2021

41.9
41.6

2. Dividends
End of Q1

End of Q2

Annual Dividend
End of Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

―

14.00

―

16.00

30.00

Year ending March 31, 2022

―
―

15.00

30.00

Year ending March 31, 2021
15.00
(Forecast)(Note) Revisions to most recently announced dividend forecasts: No

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)(% figures represent year-on-year changes)

Sales
Millions ofyen%Operating Profit

Recurring Profit

Net Income
Attributable to
Owners of the
ParentMillions ofyenMillions ofyen%Millions of
yen

%

Yen

0.1

8,830

0.2

67.42

%

Year ending March
207,000
5.2
15,2400.1
15,32031, 2022(Note) Revisions to most recently announced earnings forecasts: No

Net Income
per Share

業績予想欄については、上場会社各社の実情に応じて、開示対象項目や開示対象期間の追加又は削除、開示形式の変更を行うことが可能です。
*Notes(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries affecting the scope of consolidation): No(2) Application of special accounting procedures in the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, estimates, and restatements
1) Changes in accounting policies accompanying revisions in accounting standards, etc.: Yes
2) Changes in accounting policies other than 1): No
3) Changes in accounting estimates: No4) Restatements: No(Note) For details, refer to Attachment P. 10 See “2. Quarterly Consolidated Financial Statements and Main Notes (4) Notes on Quarterly
Consolidated Financial Statements (Changes in Accounting Policy)”.

(4) Number of shares issued (common stock)
1) Shares issued at the end of each period (including treasury stock):

Q1 FY3/2022

139,679,977 shares FY3/2021

139,679,977 shares

2) Number of shares of treasury stock at the end of each period:

Q1 FY3/2022

8,713,387 shares FY3/2021

8,713,335 shares

3) Average number of shares during the period (cumulative):

Q1 FY3/2022

130,966,607 shares Q1 FY3/2021

130,957,632 shares(Note) Board benefit trust shares(BBT) is included in the number of year-end treasury stock.(391,300 stocks at Q1 FY3/2022, 391,300
stocks at Q1 FY3/2020) And the company shares held in ESOP trust accounts are included in the treasury stock, which is
subtracted from calculations of the average number of shares during the period (391,300 shares for the Three-months Ended June
31, 2021; 400,700 shares for the Three-months ended June 30, 2020).

* Quarterly financial results not covered by quarterly review* Explanation regarding the Appropriate Uses of Earnings Forecasts and Other Notes
All earnings forecasts provided within this document are based on the most accurate information available at the time of the release of thisdocument. Actual results may differ from forecasts due to various factors going forward.

[Attachment]
Contents

1.Qualitative Information on Financial Results for the Period Under Review(1) Explanation of Consolidated Operating Results···························································· 2(2) Explanation of Consolidated Financial Position ···························································· 4(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information ···· 5
2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets ········································································ 6(2) Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income8(3) Quarterly Consolidated Statements of Cash Flows ························································· 10(4) Notes on Quarterly Consolidated Financial Statements ··············································· 11(Notes on Going Concern Assumptions) ····································································· 11(Changes in Accounting Policies) ·············································································· 11(Notes on Significant Changes in Shareholders' Equity) ················································ 12(Segment Information) ·························································································· 12

11. Qualitative Information on Financial Results for the Period Under Review(1) Explanation of Consolidated Operating Performance
During the first three months of the fiscal year ending March 31, 2022, the Japanese economy
continued to be affected by COVID-19. Although vaccinations in Japan and overseas were expected
to mitigate infections, there were no signs of COVID-19 infections subsiding. The government issued
declarations of a state of emergency and took measures to prevent the spread of infections. Thereremained uncertainty over the COVID-19 pandemic.
In this environment, the Group announced a new medium-term management plan, Innovation Plan
2024 “Design the Future Life” (IP24), which covers the period up to and including the fiscal year
ending March 31, 2025, in May 2021. IP24 has five key messages: (i) implementation of the LNG
strategy (expansion of business areas), (ii) evolution of the TLC concept, (iii) Stepping up of the DX
strategy, (iv) Optimal allocation of management resources, and (v) Strengthening of SDG initiatives.
The first year of IP24 is a fiscal year to lay the foundation to achieve the goals expressed by those
key messages. The Group has started initiatives to achieve growth in the existing businesses andpromote M&A. The Group has started also to implement a new "green growth strategy," which isintended to achieve carbon neutral, and workstyle reform.
In operating activities, the Group actively sought to gain customers, while thoroughly taking steps toprevent infections, including non-face-to-face sales. Those activities resulted in a rise in the numberof continuing customers to 3,108,000 as of June 30, 2021, an increase of 9,000 from the end of theprevious fiscal year. The number of TLC Membership Service members rose 19,000, to 998,000.
In the first three months ended June 30, 2021, the Group posted net sales of 48,396 million yen(up 7.3％ year on year), a record high. Operating profit came to 3,226 million yen (down 14.7%),
chiefly due to an increase in expense for gaining customers. Recurring profit and net income
attributable to owners of the parent were 3,353 million yen (down 12.5% year on year) and 1,870
million yen (down 23.5％ year on year).
In April 2021, the Company established TOKAI Venture Capital & Incubation Corporation (Shizuoka,
Shizuoka Prefecture). The company will help develop TLC through synergies with the existing
businesses and the creation of new life-related services.
In the same month, the Company acquired shares in Marco Polo inc. (Toyota, Aichi), which
engages in the remodeling of condominiums, in the Construction, Equipment, and Real Estatesegment, and made it a consolidated subsidiary and acquired shares also in QUERY Co. Ltd.
(Toshima-ku, Tokyo), which engages in system development, in the Information and Communications
segment, making it a consolidated subsidiary.

Performance by segment is indicated below.

(Energy)In the LP gas business, the Group continued to gain customers. In the first three months underreview, the number of customers increased 6,000, to 687,000. Net sales stood at 16,197 million yen(up 9.5% year on year), chiefly due to a rise in selling prices linked to purchase prices.
2

In the city gas business, the number of customers increased 2,000, to 64,000 in the first threemonths under review, but net sales fell to 2,800 million yen (down 1.3%) chiefly due to the effect of
the gas rate adjustment system.
Net sales in this segment stood at 18,998 million yen (up 7.7%). Operating profit came to 910
million yen (down 30.7%), reflecting an increase in expense for gaining customers, among otherfactors.

(Construction, Equipment, and Real Estate)
In the Construction, Equipment, and Real Estate segment, net sales rose significantly to 5,542
million yen (up 45.1%), chiefly due to progress in M&A and an increase in orders for renovations andconstruction work. Operating profit was 82 million yen (down 0.2%), reflecting a rise in theamortization of goodwill.
(CATV)In the CATV business, the Group focused on providing local information and the production ofprograms as a community-based service provider. The Group collaborated with major video
distributors to enhance content and enable customers to live a comfortable life amid the COVID-19
pandemic. The Group continued careful and steady sales activities to gain new customers according
to the situation in each business area. The broadcasting services customer count rose to 878,000,
an increase of 2,000 from the end of the previous fiscal year. The communications services
customer count increased to 328,000, a rise of 6,000 from the end of the previous fiscal year.
The Group is applying the Accounting Standard for Revenue Recognition from the beginning of thefirst three months under review and has changed the presentation of certain transactions. Net sales
in this segment stood at 7,996 million yen (down 2.8%), reflecting the change in presentation.
Operating profit came to 1,320 million yen (up 5.9%) due to an increase in the number of customers.
(Information and Communications)
In the business for consumers, the Group enhanced the menu in the ISP business in collaboration
with major telecommunications carriers. In the mobile business, the Group gained new customers byproviding services at the lowest price level and offering package rates for ISP and mobile services.
Thanks to those initiatives, the downward trend in the number of customers slowed. The number of
ISP customers fell 4,000, to 728,000, and the number of LIBMO customers came to 53,000, roughly
the same as the number at the end of the previous fiscal year. Net sales stood at 6,186 million yen(down 6.1%), reflecting a fall in ARPU (average revenue per user).
The business for corporate clients, particularly the recurring-revenue business, expanded,reflecting steady growth in cloud services and SI projects. Net sales in the business for corporateclients came to 6,432 million yen (up 6.1%).
Net sales in this segment were 12,619 million yen (down 0.2%), and operating profit was 913
million yen (up 14.6%).
(Aqua)In the Aqua (bottled drinking water delivery) business, events at large retail facilities, etc., which
3the Group did not hold a year ago amid the COVID-19 pandemic, performed well. The Group also
carried out non-face-to-face sales activities, including telemarketing. The number of customers
increased 2,000 from the end of the previous fiscal year, to 164,000.
Net sales in this segment stood at 1,921 million yen (up 1.3%). Due to an increase in expense forgaining customers, the Group posted an operating loss of 33 million yen (compared with anoperating profit of 194 million yen in the same period of the previous fiscal year).
(Others)
Net sales in the nursing care business stood at 317 million yen (down 1.8%), reflecting a decline in
the number of users amid the COVID-19 pandemic. Net sales in the shipbuilding business rose to580 million yen (up 79.0%), due to an increase in the number of ships that the Group repaired. Net
sales in the bridal events business rose to 161 million yen (up 484.0%), reflecting a slight recovery in
weddings and meetings.
Overall, net sales in this segment came to 1,319 million yen (up 49.0%), and the operating loss
was 4 million yen (an operating loss of 70 million yen in the same period of the previous fiscal year).
(2) Explanation of Consolidated Financial Position
1) Assets, Liabilities, and Net Assets
Total assets at the end of the first three months under review stood at 176,837 million yen, adecrease of 2,136 million yen from the end of the previous fiscal year. The decrease was attributableprimarily to a decrease of 5,250 million yen in notes and accounts receivable - trade, and contract
assets, due to seasonal factors, among other factors, which was partially offset by an increase of
1,184 million yen in intangible assets, a rise of 816 million yen in property, plant and equipment, and aclimb of 826 million yen in Other in current assets chiefly due to an increase in prepaid expenses.
Total liabilities came to 101,165 million yen, a decrease of 1,752 million yen from the end of theprevious fiscal year. This was due to a decrease of 2,099 million yen in long-term loans payable, a fallof 1,667 million yen in notes and accounts payable-trade due to seasonal factors, among otherfactors, and a decline of 1,893 million yen in income taxes payable, which were partially offset by anincrease of 3,399 million yen in short-term loans payable.
Total net assets were 75,672 million yen, a decrease of 384 million yen from the end of theprevious fiscal year, chiefly due to dividends of surplus of 2,101 million yen, despite net income
attributable to owners of the parent of 1,870 million yen.
2) Cash Flows
Cash and cash equivalents ("cash") as of June 30, 2021 were 5,475 million yen, an increase of 339
million yen from the end of the previous fiscal year.
Cash flows in the first three months under review and major contributing factors are as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was 8,339 million yen (2,497 million yen less year onyear). Cash inflows were attributable primarily to net income before income taxes, a decrease innotes and accounts payable, and depreciation, a non-cash account, which were partially offset byincome taxes paid and a decrease in notes and accounts payable-trade, among other cash outflows.
4(Cash flows from investing activities)
Net cash used in investing activities 5,716 million yen (1,863 million yen less year on year). Cashoutflows were attributable primarily to the purchase of tangible and intangible assets and thepurchase of shares of subsidiaries resulting in a change in scope of consideration.
(Cash flows from financing activities)
Net cash used in financing activities was 2,282 million yen (740 million yen less year on year).
Short-term loans payable and other cash inflows were more than offset by cash outflows, including
repayment of loans payable, repayments of lease obligations and payment of cash dividends.
(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
Results in the first three months of the fiscal year under review were roughly as forecast. The
earnings forecasts for the fiscal year ending March 31, 2022 announced on May 11, 2021 remainunchanged.
The earnings forecasts are based on information available at the time of publication. Actual
results may differ from the forecasts due to a variety of factors.

5

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)Three Months Ended
June 30, 2021

Fiscal Year Ended
March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable–trade
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Total assets

6

5,577
26,323

5,795－－

21,072

3,479
900
1,194
9,860
-403
46,932

3,182
1,250
1,240
10,686-407
42,82234,50824,61424,054
18,622
101,800

34,86024,281
24,28519,190102,616

5,258
5,428
10,687

6,539
5,332
11,872

3,150
16,675-273
19,552132,0410178,974

3,167
16,637-279
19,525134,0140
176,837

Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term borrowings
Current portion of bonds payable
Income taxes payable
Other provisions
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Other provision
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

7

Fiscal Year Ended
March 31, 2021

(Millions of yen)Three Months Ended
June 30, 2021

17,226
12,061
112
2,764
1,941
22,90457,00915,55915,460112870
9724,84556,94529,955276
962
14,71345,908102,917

27,856254
979
15,12944,220101,165

14,00025,542
31,563-2,21968,887

14,00025,542
31,266-2,21968,589

1,216
1,918
33
2,454
5,623
1,545
76,056
178,974

920
2,130
46
2,407
5,504
1,578
75,672
176,837

(2) Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Three Months Ended June 30, 2021)

Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating profit
Interest income
Dividend income
Commission fee
Other
Total non-operating profit
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses
Recurring profit
Extraordinary income
Gain on sales of non-current assets
Gain on donation of non-current assets
Transmission line facility subsidies
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of investment securities
Loss on valuation of investment securities
Anniversary business expenses
Other
Total extraordinary losses
Quarterly net income before income taxes
Income taxes (current)
Income taxes (deferred)
Total income taxes
Quarterly net income
Quarterly net income attributable to non-controlling interests
Quarterly net income attributable to owners of the parent

8(Millions of yen)Three Months Ended Three Months Ended
June 30, 2020
June 30, 2021
(April 1, 2020 to(April 1, 2021 toJune 30, 2020)
June 30, 2021)
45,113
48,39625,461
28,677
19,651
19,71815,86816,491
3,783
3,226
2
96
8
75
182

1
156
9
82
250

74
30
30
135
3,830

68
37
18
124
3,353

4
111
31
146

7
60
11
79
159

146
61
11
219
3,757
1,552
-276
1,276
2,481
35
2,445

206
0
187
394
3,118
1,379
-173
1,206
1,912
42
1,870

(Consolidated Statements of Comprehensive Income)(Three Months Ended June 30, 2021)

Quarterly net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Remeasurement of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using the equity method
Total other comprehensive income
Quarterly comprehensive income(Breakdown)
Quarterly comprehensive income attributable to ownersof the parent
Quarterly comprehensive income attributable to noncontrolling interests

9

Three Months Ended
June 30, 2020
(April 1, 2020 toJune 30, 2020)
2,481(Millions of yen)Three Months Ended
June 30, 2021
(April 1, 2021 toJune 30, 2021)
1,912

532
1,095
0
-13

-296
211
-4
-47

-3

17

1,610
4,091

-119
1,792

4,056

1,750

35

41

(3) Quarterly Consolidated Statements of Cash Flows

Cash flows from operating activities
Quarterly net income before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit asset and liability
Interest and dividend income
Loss (gain) on sales of investment securities
Interest expenses(Gain) loss on sales of non-current assets
Loss (gain) on valuation of investment securities
Loss on retirement of non-current assets(Increase) decrease in notes and accounts payable(Increase) decrease in inventories
Decrease (increase) in guarantee deposits
Increase (decrease) in notes and accounts payable – trade
Increase (decrease) in accrued consumption taxes
Increase (decrease) in deposits received
Other
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Interest and dividend income received
Proceeds from withdrawal of time deposits
Purchase of securities
Proceeds from sales of securities
Purchase of tangible and intangible assets
Proceeds from sales of tangible and intangible assets
Purchase of shares of subsidiaries resulting in change in scope of
consolidation
Purchase of shares of subsidiaries and associates
Payments for transfer of businessCollection of loans receivable
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Interest expenses paid
Net increase (decrease) in short-term loans payable
Repayments of lease obligations
Proceeds from long-term loans payable
Repayment of long-term loans payable
Payments for acquisition of treasury stock
Cash dividends paid
Other
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

10

Three Months
Ended
June 30, 2020
(April 1, 2020 toJune 30, 2020)(Millions of yen)Three Months
Ended
June 30, 2021
(April 1, 2021 toJune 30, 2021)

3,757
3,643
298
-1,331
-11
-99
－
74
-4
61
146
5,665
-95
1,476
-2,014
-352
2,774
-753
13,235-2,397
10,837

3,118
3,731
262
-1,352
-53
-157
-79
68
-7
－
206
4,882
627
20
-1,806
2,968
-414
-555
11,459-3,120
8,339

110
50
-3
60
-4,229
56

171
820
-4
200
-4,28296--2,664-2,112-1,630
3
115-7,579-45－
1-10-5,716-74
225-1,035
1,886-2,246-0-1,759-17-3,022
-8
226
4,046
4,273

-69
3,270
-1,080-2,380-0-2,013-8-2,282
-1
339
5,136
5,475

(4) Notes on Quarterly Consolidated Financial Statements(Notes on Going Concern Assumptions)Not applicable.
(Changes in Accounting Policies)(Application of Accounting Standard for Revenue Recognition)
The Company has applied the Accounting Standard for Revenue Recognition (ASBJ
Statement No. 29, March 31, 2020; hereinafter the "Revenue Recognition AccountingStandard"), etc. since the beginning of the first quarter under review and recognizes revenue
from goods or services which the Group promised to provide at an amount expected to bereceived in exchange for the goods or services at the time when control over the promised
goods or services is transferred to a customer.
Pursuant to the transitional provisions in the proviso to Paragraph 84 of the Revenue
Recognition Accounting Standard, the Company added to the retained earnings at the
beginning of the first three months under review the cumulative effect of the retroactive
application of the new accounting policy to a period before the beginning of the first threemonths under review, and the new accounting policy is applied starting with the balance ofretained earnings at the beginning of the fiscal year under review. However, the Company
applied the procedure provided for in Paragraph 86 of the Revenue Recognition AccountingStandards and did not retroactively apply the new accounting policy to contracts under whichalmost all revenue had been recognized before the beginning of the first three months underreview in accordance with the procedure before the application of the new accounting policy.
Applying the procedures provided for in (1) of Paragraph 86 of the Revenue Recognition
Accounting Standards, the Company performed accounting procedures based on contract
terms reflecting all changes made before the beginning of the first three months under review
and added the cumulative effect of the procedures to retained earnings at the beginning of thefirst three months under review.
The effect of the application of the new accounting policy on the quarterly consolidated
financial statements is minor and insignificant.
With the application of the Revenue Recognition Accounting Standards, etc., Notes andaccounts receivable - trade presented in Current assets in the consolidated balance sheets forthe previous fiscal year is included in Notes and accounts receivable - trade, and contract
assets in the consolidated balance sheets from the first three months under review. Pursuant
to the transitional provisions in Paragraph 89-2 of the Revenue Recognition AccountingStandard, the Company did not reclassify balance sheet amounts for the previous fiscal year
according to a new presentation.

11

(Notes on Significant Changes in Shareholders’ Equity)
Not applicable.
(Segment Information, etc.)[Segment Information]
I. Three Months Ended June 30, 2020 (April 1, 2020 to June 30, 2020)
Sales and Income of Losses by Reportable Segment(Millions of yen)
Reportable segments
Constru
Information
ction,
Other1andAqua Subtotal
Energy Equipm CATV
Communic
ent Real
ationsestateSales
Sales toexternalcustomers
Intersegment
sales andtransfers
Subtotal
Segment income(loss)(Notes)17,634

3,819

8,226

12,650

60

222

155

825

17,694

4,042

8,382

13,475

1,312

82

1,246

797

1,896 44,227
5

1,269

1,901 45,497
194

3,633

Total

Adjustments2

Amount inquarterly
consolidated
statements ofIncome3

885 45,113－

45,113

1,299-1,299－915 46,412-1,29945,113

220

3,783

29

-70

3,562

1. The “Other” category is a business segment not included in the reportable segments. This category includes businesses such as
weddings, ship repair, insurance, and nursing care.
2. Adjustments to segment income (loss) are mainly eliminations due to intersegment transactions.
3. Segment income (loss) is adjusted to match operating profit in the quarterly consolidated statements of income.

II. Three Months Ended June 30, 2021 (April 1, 2021 to June 30, 2021)
Sales and Income of Losses by Reportable Segment(Millions of yen)
Reportable segments
Constru
Information
ction,
Other1andEnergy Equipm CATV
Aqua Subtotal
Communic
ent Real
ationsestateSales
Sales toexternal
18,9998
customers
Intersegment
sales and49
transfers
Subtotal
19,047
Segment income
910(loss)(Notes)

5,542

7,996

12,619

580

134

1,151

6,122

8,130

13,770

82

1,320

913

1,921 47,076
5

1,992

1,926 48,998
-33

3,192

Total

Adjustments2

Amount inquarterly
consolidated
statements ofIncome3

1,319 48,396-

48,396

1,947-1,947-

1,344 50,343-1,947

48,396

38

3,226

25

-4

3,188

1. The “Other” category is a business segment not included in the reportable segments. This category includes businesses such as
weddings, ship repair, insurance, and nursing care.
2. Adjustments to segment income (loss) are mainly eliminations due to intersegment transactions.
3. Segment income (loss) is adjusted to match operating profit in the quarterly consolidated statements of income.

12