Consolidated Financial Results for the First Six Months of the
Fiscal Year Ending March 31, 2022 [Japanese GAAP]
October 28, 2021
Company name: TOKAI Holdings Corporation
Stock listing:Tokyo Stock Exchange
Stock code:
3167
URL:
https://www.tokaiholdings.co.jp/english/
Representative:
Katsukiho Tokita, President & CEO
Contact:
Junichi Yamada, Managing Executive Officer, General Manager of General Affairs Division
Headquarters
Telephone: +81-54-275-0007
Scheduled date of filing quarterly report:
November 12, 2021
Scheduled date of dividend payment:
November 30, 2021
Supplementary materials on quarterly financial results:
Yes
Quarterly financial results briefing:
Yes (For institutional investors)(Figures are rounded to the nearest million yen)

1. Consolidated Financial Results for the Six-months Ended September 30, 2021
(April 1, 2021 to September 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

Six-months Ended
6.9
5,223
-4.2
5,284
-3.9
2,281
96,060
September 30, 2021
Six-months ended
-3.4
5,452
-0.9
5,499
-1.9
3,279
89,836
September 30, 2020
(Note) Comprehensive income: 5,256 million yen in the Six-months Ended September 30, 2020 (79.8%)
2,924 million yen in the Six-months ended September 30, 2019 (3.7%)
Quarterly Net Income
per ShareSix-months Ended
September 30, 2021
Six-months ended
September 30, 2020

%

-30.4
-6.1

Quarterly Net Income
per Share (Diluted)

Yen

Yen

17.42

-

25.04

-

(2) Consolidated Financial Position
Total Assets

Net Assets

Equity Ratio

Millions of yen

Millions of yen%

Six-months Ended
177,855
77,142September 30, 2021
Year ended
178,974
76,056
March 31, 2021
(Reference) Equity: 75,522 million yen for the Six-months Ended September 30, 2021
74,510 million yen for the year ended March 31, 2021

42.5
41.6

2. Dividends
End of Q1

End of Q2
Yen

Yen

Year ended March 31, 2021―
14.00
Year ending March 31, 2022―
15.00
Year ending March 31, 2022
(Forecast)(Note) Revisions to most recently announced dividend forecasts: No

Annual Dividend
End of Q3

Year-end

Total

Yen

Yen

Yen

―

16.00

30.00

―

15.00

30.00

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2021 (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.: No
2) Changes in accounting policies other than 1): No
3) Changes in accounting estimates: No4) Restatements: No(4) Number of shares issued (common stock)
1) Shares issued at the end of each period (including treasury stock):

Q2 FY3/2022

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

Q2 FY3/2022

8,688,215 shares FY3/2021

8,713,335 shares

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

Q2 FY3/2022

130,975,162 shares Q2 FY3/2021

130,960,773 shares

139,679,977 shares FY3/2021

139,679,977 shares(Note) Board benefit trust shares(BBT) is included in the number of year-end treasury stock.(382,694 stocks at Q2 FY3/2022, 397,515
stocks at FY3/2021)* 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 Forecasts and Other Forward-Looking Information ···················· 5(4)Notes on Quarterly Consolidated Financial Statements ································································· 5

2. Quarterly Consolidated Financial Statements and Notes(1)

Quarterly Consolidated Balance Sheets ····················································································· 7(2)Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income ······ 9(3)Quarterly Consolidated Statements of Cash Flows ······································································ 11(4)Notes on Quarterly Consolidated Financial Statements ······························································· 12(Notes to Premise of Going Concern) ·························································································· 12(Notes on Significant Changes in Shareholders’ Equity) ·································································· 12(Segment Information, etc) ········································································································ 12

11. Qualitative Information on Financial Results for the Period Under Review(1) Explanation of Consolidated Operating Results
During the first six months of the fiscal year ending March 31, 2022, the COVID-19 pandemic continued to impact theJapanese economy due in part to measures to prevent infection, including the government declaring states of emergency
and the semi-emergency coronavirus measures. Although the number of newly infected people in Japan has been
decreasing since the beginning of September, there are concerns that there will be another wave of COVID-19 infections
this winter, and uncertainty about the pandemic remained.
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 the fiscal year for laying the foundation for achieving the goals laid out by these key messages.
The Group has been working on initiatives to achieve growth in existing businesses and promote M&A activities. The
Group has also been working to implement a new green growth strategy to achieve carbon neutrality and reform
workstyles.
In its operating activities, the Group actively sought to gain customers, while thoroughly taking steps to prevent
infection. These activities resulted in the number of continuing customers rising to 3,125,000 as of September 30, 2021,
an increase of 26,000 from the end of the previous fiscal year. The number of TLC Membership Service members rose
44,000, to 1,023,000.
In the first six months ended September 30, 2021, the Group posted net sales of 96,060 million yen (up 6.9％ year onyear), a record high. Operating profit came to 5,223 million yen (down 4.2%), chiefly due to an increase in expense forgaining customers. Recurring profit and net income attributable to owners of the parent were 5,284 million yen (down
3.9% year on year) and 2,281 million yen (down 30.4％ 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 newlife-related services.
In the same month, the Company acquired shares in Marco Polo inc. (Toyota, Aichi), which engages in the remodelingof condominiums, in the Construction, Equipment, and Real Estate segment, and made it a consolidated subsidiary andacquired 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 six months under review, the number ofcustomers increased 16,000 to 697,000. Net sales stood at 30,712 million yen (up 10.3% year on year), chiefly due to arise in selling prices linked to purchase prices.
In the city gas business, the number of customers increased 4,000, to 67,000 in the first six months under review, but net
sales fell to 5,440 million yen (down 2.6%) chiefly due to the effect of the gas rate adjustment system.
Net sales in this segment stood at 36,153 million yen (up 8.1%). Operating profit came to 635 million yen (down 39.0%),2

reflecting an increase in expense for gaining customers, among other factors.

(Construction, Equipment, and Real Estate)
In the Construction, Equipment, and Real Estate segment, net sales rose significantly to 12,361 million yen (up 36.2%)
and operating profit also increased significantly to 341 million yen (up 40.8%), chiefly due to an increase in groupcompanies through M&A activities and an increase in orders for renovation and construction work.

(CATV)In the CATV business, the Group focused on providing local information and the production of programs as acommunity-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 881,000, an increase of 5,000 from the end of the previous fiscal year. The communications services
customer count increased to 333,000, a rise of 11,000 from the end of the previous fiscal year.
The Group is applying the Accounting Standard for Revenue Recognition from the beginning of the first three monthsof this fiscal year and has changed the presentation of certain transactions. Net sales in this segment stood at 16,081
million yen (down 2.5%), reflecting the change in presentation. Operating profit came to 2,628 million yen (up 9.9%) due
to an increase in the number of customers.

(Information and Communications)
In the business for consumers, the Group enhanced its service lineup in the ISP business in collaboration with major
telecommunications carriers. In the mobile business, the Group promoted the acquisition of customers by enhancing its
services through activities such as increasing the attractiveness of its prices and establishing plans with fixed lines. Dueto these initiatives, the number of ISP customers fell 7,000, to 725,000, and the number of LIBMO customers rose 1,000,
to 54,000, from the end of the previous fiscal year. Although the Group steadily expanded its sales channels to halt thetrend of a net decrease of customers to date, net sales fell to 12,240 million yen (down 6.9%), reflecting a decrease in
ARPU (average revenue per user).
In the business for corporate clients, net sales came to 13,061 million yen (up 9.0%), mainly reflecting steady growth incloud services and an increase in the contract development projects, which are currently booming.
Net sales in this segment were 25,302 million yen (up 0.7%), and operating profit was 1,726 million yen (up 22.0%).

(Aqua)In the Aqua (bottled drinking water delivery) business, events at large retail facilities, etc. performed well. The Groupalso carried out non-face-to-face sales activities, including telemarketing. The number of customers increased 3,000 fromthe end of the previous fiscal year, to 165,000.
Net sales in this segment stood at 3,913 million yen (up 0.9%). Operating profit came to 32 million yen (down 88.1%),
reflecting an increase in expense for gaining customers, among other factors.

(Others)
Net sales in the nursing care business stood at 657 million yen (up 0.3%), reflecting an increase in the number ofusers. Net sales in the shipbuilding business rose to 854 million yen (up 29.5%), due to an increase in the number ofships that the Group repaired.

Net sales in the bridal events business rose to 281 million yen (up 150.5%), reflecting a3

slight recovery in weddings and meetings.
Overall, net sales in this segment came to 2,248 million yen (up 22.9%), and the operating loss was 114 million yen(an operating loss of 140 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 six months under review stood at 177,855 million yen, a decrease of 1,118 million
yen from the end of the previous fiscal year. The decrease was attributable primarily to a decrease of 5,793 million yen innotes and accounts receivable - trade, and contract assets, due to seasonal and other factors, which was partially offset
by an increase of 1,234 million yen in property, plant and equipment, a rise of 953 million yen in intangible assets, and aclimb of 1,118 million yen in other in current assets chiefly due to an increase of 610 million yen in work in process and arise in valuation difference of derivatives.
Total liabilities came to 100,713 million yen, a decrease of 2,204 million yen from the end of the previous fiscal year.
This was due to a fall of 1,978 million yen in notes and accounts payable-trade due to seasonal and other factors, adecline of 1,322 million yen in income taxes payable, and a fall of 2,708 million yen in other in current assets chiefly due
to a decrease in accounts payable for equipment, which were partially offset by an increase of 2,368 million yen in shortterm loans payable and a rise of 764 million yen in long-term loans payable.
Total net assets were 77,142 million yen, an increase of 1,086 million yen from the end of the previous fiscal year. Thiswas chiefly due to dividends of surplus of 2,101 million yen, despite net income attributable to owners of the parent of
2,281 million yen and an increase of 668 million yen in deferred gains or losses on hedges.

2) Cash Flows
Cash and cash equivalents ("cash") as of September 30, 2021 were 5,837 million yen, an increase of 701 million yen
from the end of the previous fiscal year.
Cash flows in the first six months under review and major contributing factors are as follows.

(Cash flows from operating activities)
Net cash provided by operating activities was 11,382 million yen (3,422 million yen less year on year). Cash inflows
were attributable primarily to net income before income taxes, a decrease in notes and accounts payable, anddepreciation, a non-cash account, which were partially offset by income taxes paid and a decrease in notes and accounts
payable-trade, among other cash outflows.

(Cash flows from investing activities)
Net cash used in investing activities 8,997 million yen (1,698 million yen less year on year). Cash outflows were
attributable primarily to the purchase of tangible and intangible assets and the purchase of shares of subsidiaries
resulting in a change in scope of consideration.

(Cash flows from financing activities)
Net cash used in financing activities was 1,680 million yen (2,368 million yen less year on year). Loans payable andother cash inflows were more than offset by cash outflows, including repayment of loans payable, repayments of leaseobligations and payment of cash dividends.

4

(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
Results in the first six 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 remain unchanged.
The earnings forecasts are based on information available at the time of publication. Actual results may differ from theforecasts due to a variety of factors.

(4) Notes on Quarterly Consolidated Financial Statements(Notes on Going Concern Assumptions)Not applicable.

(Notes on Significant Changes in Shareholders' Equity)
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 Accounting Standard"), etc. since the beginning of the first quarter of thisfiscal year and recognizes revenue from goods or services which the Group promised to provide at an amount expected
to be received in exchange for the goods or services at the time when control over the promised goods or services istransferred 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 of this fiscal year the cumulative
effect of the retroactive application of the new accounting policy to a period before the beginning of the first three monthsof this fiscal year, and the new accounting policy is applied starting with the balance of retained earnings at the beginningof the fiscal year under review. However, the Company applied the procedure provided for in Paragraph 86 of the
Revenue Recognition Accounting Standards and did not retroactively apply the new accounting policy to contracts underwhich almost all revenue had been recognized before the beginning of the first three months of this fiscal year inaccordance with the procedure before the application of the new accounting policy. Applying the procedures provided forin (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 of thisfiscal year and added the cumulative effect of the procedures to retained earnings at the beginning of the first threemonths of this fiscal year.
The effect of the application of this accounting policy on the quarterly consolidated financial statements is minor.
With the application of the Revenue Recognition Accounting Standards, etc., Notes and accounts receivable - tradepresented in Current assets in the consolidated balance sheets for the previous fiscal year is included in Notes andaccounts receivable - trade, and contract assets in the consolidated balance sheets from the first three months underreview of this fiscal year. Pursuant to the transitional provisions in Paragraph 89-2 of the Revenue Recognition
Accounting Standard, the Company did not reclassify balance sheet amounts for the previous fiscal year according to a
new presentation.

(Application of accounting standard for fair value measurement, etc.)
The Company began to apply the Accounting Standard for Fair Value Measurement, etc. (ASBJ Statement No. 30, July5

4, 2019) from the beginning of the first quarter. It was decided that the new accounting policies prescribed in the
Application of Accounting Standard for Fair Value Measurement, etc. will be applied going forward in accordance with thetransitional treatment laid out in Paragraph 19 of the Accounting Standard for Fair Value Measurement and Paragraph44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10, July 4, 2019). The application of thisaccounting standard will have no impact on quarterly consolidated financial statements.

(Additional Information)(Fraudulent acts by former employees of the Company’s subsidiaries)
As a result of a tax investigation conducted by the Nagoya Regional Taxation Bureau in July 2021, it was discoveredthat former employees of two of the Company’s subsidiaries had diverted company funds for their personal use throughfictitious billing and unauthorized remittances.
Although an internal investigation committee chaired by the Company’s legal counsel is still investigating the fraud, theCompany has posted an extraordinary loss of 498 million yen, the amount pointed out by the Nagoya Regional Taxation
Bureau.

In addition, the estimated amount of additional tax that has been identified following the discovery of the fraud,

88 million yen, has been included in corporate taxes, resident taxes and enterprise taxes.
(Segment Information)6

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets
Fiscal Year Ended
March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable – trade
Notes and accounts receivable - trade, and contract assets
Merchandise 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

7(Millions of yen)
Six Months Ended
September 30, 2021

5,577
26,323
－
3,479
900
1,194
9,860
-403
46,932

6,130－
20,530
3,617
1,511
1,185
10,979-408
43,54534,50824,61424,054
18,622
101,800

34,86023,98524,29019,899103,035

5,258
5,428
10,687

6,399
5,241
11,641

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

3,629
16,329-326
19,632
134,3090
177,855

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
Bonds payable
Long-term loans payable
Accruals
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

8

Fiscal Year Ended
March 31, 2021

(Millions of yen)
Six Months Ended
September 30, 2021

17,226
12,061
112
2,764
1,941
22,90457,00915,24814,429
63
1,441
1,729
20,196
53,107

29,955276
962
14,71345,908102,91730,720233
1,012
15,63947,605
100,713

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

14,00025,552
31,677-2,21369,016

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

1,168
2,587
82
2,668
6,506
1,619
77,142
177,855

(2) Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Six-months Ended September 30, 2020)

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 receipt of donated non-current assets
Transmission line equipment subsidy
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Loss on sales of investment securities
Loss on valuation of investment securities
Provision for loss on litigation
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

9(Millions of yen)
Six Months Ended
Six Months Ended
June 30, 2020
September 30, 2021
(April 1, 2020 to(April 1, 2021 toJune 30, 2020)
September 30, 2021)
89,836
96,06051,60457,321
38,231
38,73932,77933,516
5,452
5,223
6
103
14
189
313

3
162
16
165
347

149
63
53
266
5,499

135
107
43
286
5,284

51
228
53
－
334

3
96
26
80
207

0
322
0
55
－
23
401
5,431
2,059
19
2,078
3,353
73
3,279

0
382
0
－
208
498
1,089
4,402
1,887
151
2,038
2,364
82
2,281

(Consolidated Statements of Comprehensive Income)(Six-months Ended September 30, 2020)

Quarterly net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using 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

10

Six Months Ended
September 30, 2020
(April 1, 2020 to
September 30, 2020)
3,353(Millions of yen)
Six Months Ended
September 30, 2021
(April 1, 2021 toSeptember 30, 2021)
2,364

589
1,423
-0
- 27

-47
668
-5
213

- 81

55

1,903
5,256

882
3,247

5,183

3,164

73

82

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)
Six Months Ended Six Months Ended
June 30, 2020
September 30, 2021
(April 1, 2020 to(April 1, 2021 toJune 30, 2020)
September 30, 2021)
Cash flows from operating activities
Quarterly net income before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in net defined benefit asset and liability
Interest and dividend income
Loss (gain) on sales of investment securities
Interest expenses
Loss (gain) on sales of non-current assets
Loss (gain) on valuation of investment securities
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable – trade(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable–trade
Other
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Interest and dividend income received
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 business
Loan advances
Collection of short-term 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
Redemption of bonds
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

11

5,431
7,300
597
-29
-109
0
149
-51
55
322
6,081
-480
-1,981-1,72917,193-2,38814,805

4,402
7,458
511
-110
-165
-80
135
-3
－
382
5,470
-13
-2,115-1,303
14,568-3,185
11,382132-870-6,917
158

191
-58
207
-7,006171-828-2,664-2,112-1,630－9430-10,696

-45
－
-571
9
768
-8,997-153-5,850-2,034
10,736-4,841-59-0-1,838-7-4,048
-0
59
4,046
4,105

-140
1,620
-2,103
6,100-4,997-49-0-2,100-8-1,680
-2
701
5,136
5,837

(4) Notes on Quarterly Consolidated Financial Statements(Notes to Premise of Going Concern)
Not applicable.

(Notes on Significant Changes in Shareholders’ Equity)
Not applicable.
(Segment Information, etc.)[Segment Information]
I. Six-months ended September 30, 2020 (April 1, 2020 to September 30, 2020)
Sales and Income of Losses by Reportable Segment
Reportable segments
Building
Informatio
Other1equipmen andEnergyCATV
Aqua Subtotal
nt realCommuniestate- cations
Sales
Sales toexternalcustomers
Intersegment
sales andtransfers

33,430107

Subtotal

33,538Segment income(loss)

1,041(Notes)

9,074 16,490

454

25,131306

1,751

9,529 16,797

26,882

242

2,392

1,415

3,880 88,007

96

2,716

3,977 90,724
273

5,364

(Millions of yen)Amount inquarterly
consolidated
statements ofIncome3

Total

Adjustments2

1,828 89,836－

89,836

2,782-2,782－

1,894 92,618-2,782

89,836

5,223

228

5,452

65

-140

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. Six-months Ended September 30, 2021 (April 1, 2021 to September 30, 2021)
1.Sales and Income of Losses by Reportable Segment
Reportable segments
Information
Building
Other1andEnergy equipment CATV
Aqua Subtotal
Communireal estatecations

Total Adjustments2(Millions of yen)Amount inquarterly
consolidated
statements ofIncome3

Sales
Sales toexternalcustomers
Intersegment
sales andtransfers
Subtotal
Segment
income (loss)(Notes)36,153

101
36,254635

12,361 16,081

966

264

13,327 16,346
341

2,628

－

96,0603,634-3,634－27,447 4,018 97,395

2,300 99,695-3,63496,060

1,726

-114

5,249

-26

5,223

25,302 3,913 93,812

2,144

104

32

3,582

5,364

2,248 96,060

52

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.

12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.

13