Business
Report 2023
April 1, 2022 to March 31, 2023

Wi-Fi 6E

nasne®

Airdog mini

Ryusui noodles

To O u r S t a k e h o l d e r s

As the impact of COVID-19 on society subsides, there are signsof normal social activities resuming, so we think thatshareholders were relieved.
In the fiscal year ended March 31, 2023, our corporate group
strove to expand our business while continuing to implementcompany-wide telecommuting. However, we saw sluggish
business performance, especially profit, due to the yen
depreciation, the skyrocketing of raw material prices, thedifficulty in procuring major components, the downturn of
final demand from consumers, etc.
Under these circumstances, on January 23, 2023, ourcompany announced the start of preparation for listing
Shimadaya Corporation as a company specializing in the foodproduct business through spin-off. We will appropriately makevarious managerial decisions, including those for thisorganizational restructuring plan, to maximize long-term

Hiroyuki Maki
President and CEO
MELCO HOLDINGS INC.

shareholder value and live up to your expectations.
The entire Group will devote ourselves to supporting thechanges in our customers’ social lives. I look forward to yourcontinued support and patronage.
June 2023

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 alongwith all those who share our Melco values.

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.

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.

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.

1 Business Report 2023

Policy

We are earnestly proceeding with theorganizational restructuring plan with the aim of
maximizing long-term shareholder value.

The global economic situation
remains uncertain

Although we maintained andexpanded our share, we struggled
to secure profit.

In the fiscal year under review, the Japanese and global

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

economies saw the progress of measures for preventing

sales and providing services of high value-added products

the spread of COVID-19 and promoting economic

for corporate users. For home users, we started to sell

activities, but the economic outlook remains uncertain,

nasne®*1 in our official online store, and released adue to the prolongation of the war in Ukraine, the global

tri-band Wi-Fi router which supports the new standard

rise in commodity prices, the depreciation of the yen, etc.

Wi-Fi 6E*2. We maintained and expanded our share while

Under such circumstances, we have a basic policy in the

striving to provide products stably. Nevertheless, it was an

IT-related sector to fully cooperate with government

extremely difficult profit environment due to the shrinkage

policies on preventing the spread of COVID-19. Underof sales resulting from diminished domestic demand andthese policies, we have continued to take measures tosoaring costs. On the other hand, Airdog, a high-ensure business continuity. These include theperformance air purifier that our corporate group sells as a

implementation of company-wide telecommuting, split

Japanese distributor, and the Buffalo Regular Data

shifts in offices and the use of teleconferencing systems.

Recovery Service sold steadily.

Amidst these initiatives, we have endeavored to stably

For the food sector, while some brands of family-use

supply products and conduct proactive sales activities for

products saw decreased sales due to the declined demand

our main products.

stemming from the ease of regulations on going out,

Moreover, upon continuing to take thorough measures

overall sales increased thanks to the expansion of sales ofagainst COVID-19 in the food sector, we strove to supply

Taikoban udon noodles, which are made from domestic

products stably while concentrating on securing raw

ingredients to enhance added value, a recovery of thematerials, ensuring stable profit, and expanding sales.

restaurant industry in regards to commercial-use products,

As a result, net sales were 142,576 million yen (downand continued marketing to acquire new clients. We also

1.1% year on year), operating income was 4,518 million

considerably reduced expenses for advertising and sales

yen (down 64.4% year on year), ordinary income waspromotion and made efforts to curtail costs. However, the4,718 million yen (down 63.9% year on year) and net

costs of raw materials and energy exceeded our forecast

income attributable to parent company shareholders was

significantly, so we revised product prices again on

3,057 million yen (down 67.3% year on year) in our results

February 2023.

in the fiscal year under review.
*1 nasne® is the registered trademark of Sony Interactive Entertainment LLC.
*2 Wi-Fi is the registered trademark of Wi-Fi Alliance.

Business Report 2023

2

Policy

We concentrate on measures for
supplying products stably,developing products that will bechosen by customers, andachieving sustainable profit
growth.

Consolidated Net Sales (Unit: million yen)

114,888

129,912

144,137

142,576

150,000

March 2020 March 2021 March 2022 March 2023 March 2024
(est.)The impact of COVID-19 on society is starting to subside.
However, we expect the business environment of ourcorporate group to become more severe due to constantdepreciation of the yen, global commodity price hikes suchas energy and grains prices, and the prolonged Russia-

Consolidated Ordinary Income (Unit: million yen)
Consolidated Ordinary Income Margin (Unit: %)Ukraine conflict. In this situation, we have been striving tostably supply products and engage in the development andprovision of products which will be chosen by customers in
9,071

the IT-related sector. On the other hand, we will focus on
the preparation for listing and efforts to achievesustainable profit growth in the food sector.

4,914
4.3

13,083
9.1

7.0

4,718

3.3

4,300
2.9

Based on these assumptions, we estimate net sales,
operating income, ordinary income, and net income

March 2020 March 2021 March 2022 March 2023 March 2024
(est.)

attributable to parent company shareholders to be 150
billion yen (up 5.2 % year on year), 4 billion yen (down
11.5% year on year), 4.3 billion yen (down 8.9% year onyear), and 3 billion yen (down 1.9% year on year),respectively, on a consolidated basis in the fiscal year
ending March 31, 2024.

Net Income Attributable toParent Company Shareholders (Unit: million yen)
Consolidated Net Income Margin (Unit: %)For the time being, we devote ourselves toimplementing the organizational restructuring plan
including the spin-off of Shimadaya Corporation, which

9,346

was announced on January 23, 2023, in order tomaximize the long-term shareholder value.

Notes:
1. We have given the listed amounts by rounding down to the nearest million yen.
2. We have been applying the “Accounting Standard for Revenue Recognition (ASBJ
Statement No. 29; March 31, 2020)” since the beginning of 36th term (fiscal year
ended March 31, 2022). However, the accounting standard is not retrospectively
applied to the figures for 35th term (fiscal year ended March 31, 2021) and before.

6,625
3,139
2.7

6.5

5.1

3,057

2.1

3,000
2.0

March 2020 March 2021 March 2022 March 2023 March 2024
(est.)Net Income per Share (Unit: yen)584.32402.08173.61

181.23177.98March 2020 March 2021 March 2022 March 2023 March 2024
(est.)

3 Business Report 2023

Business Segment

We support customers in adapting to changes insocial life, involving all companies of the MelcoGroup.

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, MagWiper, a magnetic data degaussing device, and Blastreams, a 4K-compatible
device exclusively for live streaming. 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 recorder and media storage device, and digital music
library devices dedicated to high resolution audio. We also offer various services and solutions including our data recovery
services and the remote management service Kiki Navi.
* nasne® is the registered trademark of Sony Interactive Entertainment LLC.

Wi-Fi 6E-compatible
routerExternal hard disk

nasne®

NAS for corporate users

AirdogBuffalo Regular
Data Recovery Service
Have you lost your HDD data?
Try our data recovery service
before giving up!

Blastreams

Digital music library

Kiki Navi

Data recovery service

Business Report 2023

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
2023

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

21st consecutive year
21st win

10th consecutive year
10th win

22nd consecutive year
23rd win

24th consecutive year
24th win

15th consecutive year
20th win

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

(January to December 2022)

14 Categories

Winner in(our corporate group)

These prizes are awarded basedon actual aggregate sales atmajor electrical appliance stores
across Japan.
*1 This is as the Melco Group. We have won
this award fourteen years in a row for a totalof fourteen times as CFD sales.
*2 This is as the Melco Group. We have won
this award twelve years in a row for a totalof twelve times as CFD sales.

5 Business Report 2023

RouterCategory

Expansion Interface Category

20th consecutive year 20th win*

Memory Category

14

20 consecutive year
21st win

Drive Casing Category

13

PC Power Unit Category

12th consecutive year

12th win

USB Memory Category

3rd consecutive year

10th win

DVD Burner Category3

consecutive year

12th win

External SSD Category

3rd consecutive year

3rd win

th

1

th
th

rd

consecutive year
consecutive year

22

nd

15

win*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 foodproduct. We are releasing family-use food products centered on chilled noodles and frozen noodles, and commercial foodproducts centered on frozen noodles. We are also creating new possibilities in the noodles market by continually approachingproducts from the viewpoint of our customers, including attractive noodle dishes and new ways of eating noodles in addition
to utilizing noodles as an ingredient.

Keyword forour development:

7K
Kenbi Noodles
40% less carbohydratecontent
Authentic udon noodles

Ryusui Noodles
Soba made of buckwheatgrown in Japan

Kenko(Healthy)

Kamben(Convenient)

Kokusan(Domestic ingredients)

ShinuchiThin Inaniwa-style udon
noodlesFrozen Kenbi Noodles
Salt-free
Inaniwa-style udon noodles

KaiokiKankyo(Storage stock)(Environmentally friendly)

Chinese-style fried rice
noodles
Flavored with oyster sauce

Keizaisei(Economical)

Taikoban
Udon noodles made ofwheat grown in Japan

Kohinshitsu(High quality)“Clock Tower” Chinese
Noodles
Flavored with tasty soy
sauce

Business Report 2023

6

Business Overview

Consolidated
Net Sales

Consolidated
Operating Income

Net Income
per Share(Unit: million yen)

(Unit: million yen)

(Unit: yen)

IT-Related
Other

■

Food

144,137
129,912150,000

142,576

12,698114,888584.328,848
402.084,518

4,137
173.614,000
177.98181.23

March 2020

March 2021

March 2022

March 2023

March 2024 (est.)■ IT-Related

78,557

97,929112,161

108,011̶■ Food34,69031,19531,317

34,115̶■ Other

1,641

787

658

449

̶

The reporting segment of “Finance” is included in “Other” as the materiality has become insignificant. The “Other” segment refers to the business segments
other than reporting segments, and includes company-wide management functions. The graphs for the fiscal year ended March 31, 2022 and before are createdbased on the changed reporting segments.

7 Business Report 2023

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

Net Sales
Net Sales

75.8%

108,011
3.7
Down

112,161 108,011
million yen

％YoY

March
2022

March
2023

(Unit: million yen)Segment Income

3,440
71.0

Down

11,856
million yen

％YoY

3,440
March
2022

March
2023

In our mainstay computer peripherals market, we concentrated on the sales promotion of products with high added value
and the provision of services for corporate users, by selling VPN routers, which are suited for developing an inter-base VPN
environment for corporations, enriching the new service “Kiki Navi Cloud Zero Touch,” which enables the operation of Wi-Fi
access points without on-site configuration, and providing “Electronic Ledger Manager,” an app for following the Act on
Special Provisions concerning Preservation Methods for Books and Documents Related to National Tax Prepared by Means ofComputers free of charge, as part of efforts to support DX of enterprises with networks. For home users, we opened an
official online store of Buffalo, and released “nasne®,” a network recorder & media storage. In addition, we released a
tri-band Wi-Fi router equipped with an Internet port for up to 2.5 Gbps, which is compatible with the new standard “Wi-Fi
6E” for the first time in Japan*. As we strove to supply products stably, our market share was maintained or expanded, but
sales declined due to the diminished domestic demand, and the profit environment was extremely harsh, due to theskyrocketing of costs caused by the yen depreciation and the global shortage of semiconductors.
On the other hand, a high-performance air purifier “Airdog,” which our corporate group sells as a Japanese distributor,
sold well, and the cumulative number of orders for “Buffalo Regular Data Recovery Service” exceeded 64,000, as we started
accepting orders in the website to cope with COVID-19.
As a result, net sales were 108,011 million yen (down 3.7% year on year) and segment income was 3,440 million yen(down 71% year on year).
*As a tri-band Wi-Fi router equipped with the Internet port for up to 2.5 Gbps that is compatible with Wi-Fi 6E(as of September 5, 2022; surveyed by Buﬀalo Inc.)

Food(Unit: million yen)

Net Sales
Net Sales

23.9%

34,1158.9
Up31,317

34,115

million yen

% YoY

March
2022

March
2023

(Unit: million yen)Segment Income

2,210
0.4

Down

2,219

2,210

March
2022

March
2023

million yen％YoY

The sales of products for family use increased, as we saw the growth of sales of “Taikoban,” whose added value was
improved by using ingredients made in Japan, and frozen noodles for family use, for which we enhanced sales promotion,
despite the fact that the sales of brand-name products, such as “Ryusui Noodles” and “Kenbi Noodles,” shrank partially due
to the declined demand stemming from the ease of regulations on going out. The sales of commercial products increased,
thanks to the recovery of the restaurant industry, the continued marketing to acquire new clients, etc. For profit, weconsiderably reduced expenses for advertising and sales promotion, made efforts to curtail costs, and revised product prices
in March 2022. However, the costs of raw materials and energy exceeded our forecast significantly, so we revised productprices again on February 2023.
As a result, net sales were 34,115 million yen (up 8.9% year on year) and segment income was 2,210 million yen (down
0.4% year on year).

Business Report 2023

8

To p i c s

TOPIC 1

TOPIC 2

Participated in the “11th NIPPON IT
Charity Ekiden,” and Buffalo won
4th place overall.

We donated network devices to
Nisshin City, Aichi Prefecture, andoffered education about
information literacy to junior highschool students.

Our corporate group agreed with the theme “Mutual

Buffalo donated 12 network devices, including wirelesssupport for having everyone lead a happy life” of the “11LAN access points for corporate users, to Nisshin City,NIPPON IT Charity Ekiden (hereinafter called “the Race”),”

Aichi Prefecture, for the purpose of promoting DX inwhich was held at the central plaza of Odaiba Symbol

education and supporting network development for

Promenade Park in Koto-ku, Tokyo in November 2022, andrealizing the national scheme for vitalizing regions withco-sponsored it as a platinum sponsor, and 5 Buffalo

digital technology. At the donation receiving ceremony

teams participated in the Race.

held at the city hall of Nisshin City in November 2022, theth

On the day of the Race, each team ran with the theme

Executive Vice President Taiji Watanabe of Buffalo donatedand goal indicated, and all team members completed their

the devices to the mayor Hiroki Kondo, and received his

respective courses while enjoying the race and passing awords of appreciation for this support. The donatedsash. In particular, the “BUFFALO Athletes” team set a

devices will be used for developing networks forhigh goal of “winning a prize without fail,” and won 4

elementary schools and nursery schools in Nisshin City.

place overall in their first race, recording the fastest time

In January 2023, we held a lecture for using socialthamong participating IT enterprises.

media safely with peace in mind for 655 students of

The revenues we earned through the Race will be

Nisshin City Nisshin Higashi Junior High School in Aichi

donated to the NPO “Future Dream Achievement (FDA),”

Prefecture as part of education on information literacy. In

which assists those suffering from depression and socialthat lecture, the advisor Hiroki Sumida of our company

withdrawal in finding employment, and used for

took the rostrum and explained the know-how on using

supporting the regions devastated by the Great East Japansocial media properly and seeking counseling if you have

Earthquake, the Kumamoto Earthquakes, and the Tottori

suffered trauma, while introducing an actual case andEarthquake. We will keep supporting customers in

spoke about how to use social media responsibly.

adapting to changes in social life, involving all group

We will support DX in a comprehensive manner, bycompanies, and contribute to society through corporate

offering not only products and services, but also offering

activities and each employee’s activities.

education on information literacy.

Scene of the “11thNIPPON IT Charity
Ekiden”

9 Business Report 2023

Donation receiving ceremony(Left) Mayor Hiroki Kondo(Right) Executive Vice President Taiji
Watanabe of Buffalo

Lecture for using social media safely withpeace in mind
Advisor Hiroki Sumida of our company

TOPIC 3

TOPIC 4The largest share in terms of thedomestic sales volume of wirelessLAN
Received BCN AWARD for the 21stconsecutive year.

Two products, including
Shimadaya’s “Ryusui Noodles,”received “10-year Award of JSH
Salt Reduction Promotion.”

At “BCN AWARD 2023,” BCN Inc. commended vendors

In June 2022, the ceremony for “10-year Award of JSH

that had the largest share in terms of sales volume of PC

Salt Reduction Promotion” was held at the venue of theperipherals in 2022, and Buffalo received the award in a

10th Annual Scientific Forum of Clinical Hypertension

total of 10 categories, including the wireless LAN, external(Royton Sapporo), and Shimadaya’s “Ryusui Noodles” andHDD, and external SSD categories for which Buffalo“Kenbi Noodles,” an authentic udon with no salt, received

received the award in the previous year, as well as the card

this award.

reader category, for which Buffalo received the award for“10-year Award of JSH Salt Reduction Promotion” is an

the first time in 13 years. In addition, Buffalo received theaward for products of enterprises that significantly

award in 4 categories, including the drive casing category,contributed to the distribution of low-salt products inin CFD sales, so our corporate group received the award invarious fields over the past 10 years among “low-salt fooda total of 14 categories.

products recommended by JSH” introduced by the salt

In particular, Buffalo received the award in the wirelessreduction and nutrition committee of the Japanese Society

LAN category for the 21st consecutive year. In 2022,

of Hypertension since September 2013, so that it would be

Buffalo provided Japan’s first* Wi-Fi router “WNR-

helpful to patients of hypertension and those who want to

5400XE6 Series,” which is compatible with “Wi-Fi 6E” forreduce salt intake. This time, 34 products of 15 companies

the 6GHz band, and products compatible with meshreceived this award, and in the section of chilled noodles,

networks and IPv6, to meet the needs of the times.

only Shimadaya’s products received this award.

We would like express our thanks to many customers

The salt reduction market has grown over the past 10

using our products and consider that our favorable

years. Shimadaya has implemented measures for salt

business performance is attributable to the support of

reduction, including the release of low-salt products indistributors and OA equipment retailers. We will continue

2012, while hoping that those who care about salt intake

our efforts developing attractive products that deliver more

can savor delicious noodles. Shimadaya will continue theenjoyment to your life.

development and sale of products while focusing on
health, and contribute to the healthy dietary habits of* As a tri-band Wi-Fi router equipped with the Internet port for up to 2.5 Gbps that iscompatible with Wi-Fi 6E (as of September 5, 2022; surveyed by Buffalo Inc.)

customers.

What is BCN AWARD?
Based on actual aggregate sales at major
electrical appliance stores across Japan,
BCN Inc. commends the maker with thelargest sales volume of PC peripherals foreach year (Jan. 1 to Dec. 31). They take
into account diverse items, including PCs,
peripheral devices, and software. Thisaward is based on actual sales volume,
which is an objective indicator.
Wi-Fi 6E-compatible router “WNR-5400XE6 Series”

Ryusui Noodles
Udon noodles

Kenbi Noodles
Authentic udon noodles without salt

Business Report 2023

10

Financial Statements

Consolidated Balance Sheet(Unit: million yen)

Fiscal Year Ended
March 31, 2023

Fiscal Year Ended
March 31, 2022

Current assets

66,02069,722

Fixed assets

27,38926,075

Tangible fixed assets

11,236

11,033

Intangible fixed assets

3,394

2,012

Investments, etc.

12,757

13,03093,41095,798Current liabilities

27,941

29,618Long-term liabilities

3,005

3,056

Total liabilities

30,94632,674Item❶ Assets

Total assets❷ Liabilities❸ Net assets
Shareholders’ equity
Capital

1,000

1,000

Capital surplus

250

250

Retained earnings

61,09264,898Treasury stock(267)(3,486)

Total shareholders’equity62,07562,662

Accumulated othercomprehensive income❶ Assets
Total assets for the fiscal year ended March 31, 2023
were 93,410 million yen - a decrease of 2,388 million yen
compared to the end of the previous consolidated fiscal
year. Current assets totaled 66,020 million yen - adecrease of 3,701 million yen. This change was mainly
due to a 6,687 million yen decrease in securities, a 1,327
million yen decrease in cash and deposits, a 564 million
yen decrease in goods and products, a 2,068 million yen
increase in income taxes receivable, a 1,172 million yen
increase in raw materials and supplies, and a 964 million
yen increase in accounts receivable. Fixed assets totaled
27,389 million yen - an increase of 1,313 million yen. Thischange was mainly due to a 1,382 million yen increase inintangible fixed assets.

❷ Liabilities
Total liabilities for the fiscal year ended March 31, 2023
were 30,946 million yen - a decrease of 1,728 million yen
compared to the end of the previous consolidated fiscal
year. Current liabilities were 27,941 million yen - adecrease of 1,676 million yen. This change was mainly
due to a 1,204 million yen decrease in income taxes
payable. Long-term liabilities totaled 3,005 million yen - adecrease of 51 million yen. This change was mainly due toa 132 million yen decrease in net defined benefit liability,
a 99 million yen decrease in long-term debt, and a 263
million yen increase in reserve for retirement benefits forofficers.

❸ Net Assets

Net unrealized gains(losses) on othersecurities

611

605

Deferred gains orlosses on hedges

31

243

Foreign currencytranslation
adjustments

(31)

(110)

Remeasurements ofdefined benefit plans

(222)

(299)

Total accumulated
other comprehensive
income388

438

Subscription right toshares—22

Total net assets

62,463

63,123

Total liabilities and net
assets93,41095,798

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

11 Business Report 2023

POINT

Total net assets for the fiscal year ended March 31, 2023
were 62,463 million yen - a decrease of 659 million yen
compared to the end of the previous consolidated fiscal
year. This change was mainly due to a 3,057 million yen
resulting from the acquisition of net income attributableto parent company shareholders, a 2,024 million yen
resulting from payment of dividends, a 1,562 million yen
resulting from payment of difference for the price toacquire subsidiary’s shares, and a 73 million yen decreasein accumulated other comprehensive income.

Consolidated Income Statement (Unit: million yen)
Fiscal Yearfrom April 1, 2022
to March 31, 2023

Fiscal Yearfrom April 1, 2021
to March 31, 2022

Net sales

142,576

144,137

Cost of sales

106,589

100,219

Selling, general andadministrative expenses

31,46831,220Operating income

4,518

12,698Non-operating income

512

856

Non-operating expenses

312

470

Ordinary income

4,718

13,083Extraordinary income

22—

Extraordinary loss

652

47

Net income before
taxes and otheradjustments

4,088

13,036

Income, resident andenterprise taxes

1,041

3,751

Income taxes - deferred

(10)

(62)

Net income
attributable to parent
company shareholders

3,057

9,346

Item

Consolidated Cash Flow Statement (Unit: million yen)
Fiscal Yearfrom April 1, 2022
to March 31, 2023

Fiscal Yearfrom April 1, 2021
to March 31, 2022

392

1,005

Cash flows from investing
activities

2,744(1,839)Cash flows fromfinancing activities(4,506)(6,958)40

64

Net increase (decrease)in cash and cash
equivalents(1,327)(7,727)

Cash and cash
equivalents at the
beginning of the period

21,83429,562

Cash and cash
equivalents at the endof the period

20,506

21,834Item

Cash flows fromoperating activities

Effect of exchange ratechanges on cash andcash equivalents

Total Assets (Unit: million yen)
Capital to Asset Ratio (Unit: %)95,79878,87061.2

85,80260.8

65.9

93,41066.9

For detailed information
March 2020

March 2021

March 2022

March 2023

Notes:
1. We have given the listed amounts by rounding down to the nearest million yen.
2. We have been applying the “Accounting Standard for Revenue Recognition (ASBJ
Statement No. 29; March 31, 2020)” since the beginning of 36th term (fiscal
year ended March 31, 2022). However, the accounting standard is not
retrospectively applied to the figures for 35th term (fiscal year ended March 31,2021) and before.

MELCO HOLDINGS IR

Searchmelco-hd.jp/ir/top

Business Report 2023

12

Company Information(Current as of March 31, 2023)

Japan

MELCO HOLDINGS INC.
Company NameMELCO HOLDINGS INC.

Date of
Incorporation

July 1, 1986

Capital Stock

1,000 million yen

Business Activities

Pure holding company of Melco Group. Melco
Holdings Inc. holds the shares of the group’s operatingcompanies. Governs the operating companies in ourgroup by providing support for business activities andoffering managerial guidance.

Board Members (Current as of June 26, 2023)
President and CEO

Outside Director

Director

Outside Director

Director

Director

Hiroyuki Maki
Yoshimasa Nagase
Manabu Yano
Director

Chisato Nakayama
Director

Tamio Matsuo

Hiroyuki Miyajima
Kumiko Otsuka(Full-time Audit & Supervisory Committee Member)

Masanao Tsuzuki
Outside Director(Audit & Supervisory Committee Member)

Shogo Kimura

Number of
Employees

Non-consolidated: 32
Melco Group consolidated: 1,933

Director

Number of Group
Companies

22 (19 in Japan; 3 overseas)

Director

Company Name

Buffalo Inc.

Board Members (Current as of May 11, 2023)

Date ofFoundation

May 1, 1975

President and CEO

Director

Executive Vice President

Director

Senior Managing Director

Director

Managing Director

AuditorManaging Director

AuditorIwao Tsusaka

Outside Director(Audit & Supervisory Committee Member)

Jun Kamiya

Daisuke Maki

BUFFALO INC.

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

Number of
Employees

648

Hiroyuki Maki
Taiji Watanabe

Manabu Wada
Manabu Yano

Kazunori Yokoi

Takashi Nishiwaki
Katsumi Iwasaki
Nobuhiro Tamura
Masanao Tsuzuki
Mitsuru Ozawa

Managing Director

Masaya Ishimaru

Shimadaya Corporation
Company Name

Shimadaya Corporation

Board Members (Current as of May 15, 2023)

Date ofFoundation

July 20, 1931

Director and Chairperson

Director

Date of
Incorporation

March 4, 1949

President and CEO

Director

Senior Managing Director

Director

Capital Stock

1,000 million yen

Business Activities
Number of
Employees

Manufacture and sale of noodles and related foodproducts
316

Norio Kinoshita
Kenji Okada

Shinichiro Soma
Managing Director

Nobuyuki Obara
Director

Ryuta Sugiyama
Director

Toshio Sasaki
Director

Naoki Soneda

13 Business Report 2023

Tomoyuki Ota
Hiroyuki Maki
(Full-time Audit & Supervisory Committee Member)

Masaru Kato
Outside Director(Audit & Supervisory Committee Member)

Takashi Fukayama
Outside Director(Audit & Supervisory Committee Member)

Yasuyuki Takaki

Stock Information(Current as of March 31, 2023)

Stock
CFD Sales INC.

Number of Shares
Outstanding

16,937,873

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

Number of Shareholders

4,993(including 81,726 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

Shareholding
Ratio(1,000 Shares)(%)

Makis Co., Ltd.

8,390

49.77(49.53)

ECM MF

1,781

10.56(10.51)

Advanced Design Corp.

The Master Trust Bank ofJapan, Ltd. (trust account)692

4.10(4.08)

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

Hiroyuki Maki635

3.76(3.75)

DigiOn, Inc.

Daisuke Maki

500

2.97(2.95)

Maki Makoto Foundation

500

2.96(2.95)

Jun Maki300

1.77(1.77)

Custody Bank of Japan, Ltd.
(trust account)183

1.08（1.08)

Taiji Iwasaki

148

0.88(0.87)

Melco Mutual Aid Association

103

0.61(0.60)

Development and sale of network and storage software

toConnect, inc.
Direct marketing of products

MELCO Financial Holdings Inc.
Overall management of financial business within the MelcoGroup

MELCO Investments Inc.
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 rounded off 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

Shareholding Distribution byType of Shareholder (Unit: thousand shares)
Treasury stock
81 (0.48%)

Financial institutions
951 (5.61%)<Taiwan> BUFFALO TECHNOLOGY (TAIWAN) Inc.
Procurement and management of the productIndividuals
and others
3,829 (22.60%)(Current as of March 31, 2023)

Foreigncorporations
2,864 (16.91%)

Number of
SharesOutstanding
16,937

Financial instruments
business operators
214 (1.26%)
Other Japanese
corporations
8,996 (53.11%)

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 2023

14

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

BUFFALO INC.

Number of shares per
trading unit:

100 shares

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

Method of public notice:

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

Stock agencies:

Sumitomo Mitsui Trust Bank, Limited

https://melco-hd.jp

Sumitomo Mitsui Trust Bank, Limited, Stock
Transfer Agency Business Planning Dept.
2-8-4 Izumi, Suginami-ku, Tokyo•Telephone Inquiries
0120-782-031 (Toll free)
9:00 to 17:00 (Except on Saturdays,
Sundays and public holidays)
Managing underwriter:(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, Nakaku, Nagoya, 460-8315 Japan
TEL: 81-52-251-6891
FAX: 81-52-249-6609

https://www.shimadaya.co.jp