Business
Report 2021
April 1, 2020 to March 31, 2021

Wi-Fi 6

SSD

AMD社製CPU「RYZEN」

AirdogTo Our Stakeholders

The great distress and hardships caused by COVID-19 broke people’s hearts all over
the world in the last year. Most recently, the outbreaks of the variants of the virus
have placed harsher restrictions on our social and economic activities.
First of all, we would like to express our deepest sympathies for those who
suffered from a myriad of troubles, worries, and bereavements in the past year under
the hostile environment, and we sincerely appreciate the efforts put forth by those
who have been standing against the contagious disease, not to mention dedicatedhealthcare workers.
In the fiscal year ended March 31, 2021, the spread of COVID-19 dramaticallychanged not only our economic activities, but also our social activities. Being
confronted with unprecedented hardships, we strived to expand our business while
making our maximum efforts to prevent the spread of the infection in view of ourcompany founder's philosophy while following governmental policies, such as
establishing company-wide promotion of telecommuting. As a result, both sales andprofit grew on a consolidated basis, and net income in particular marked a record
high since our company got listed on the Tokyo Stock Exchange (TSE). We would like

Hiroyuki Maki

to express our deepest gratitude to all of our stakeholders for your many years of
support.
Our company aimed for long-term growth of net income per share through stabledividend payment with a target total payout ratio of 80% and acquisition of treasury

President and CEO

MELCO HOLDINGS INC.

stocks based on the basic capital policies formulated in February 2016.
Consequently, in the fiscal year ended March 31, 2021, net income per share also hita record high since we got listed on the TSE. Although our company did not disclose
consolidated earnings forecasts, we decided to resume announcing the informationin January 2021 because our corporate group’s business has become stable and theaccuracy of forecasting earnings has improved.
Moving forward, while continuing to strike a proper balance between preventionof the spread of COVID-19 and business expansion, the entire Group will devote
ourselves to supporting the changes in our customers’ social lives through the threepillars of IT, food, and finance. I look forward to your continued support andpatronage.
June 2021│Melco Values│

A LastingCompany

CustomerOriented

We earnestly study and put into practice the teachingsof our predecessors, and continually look to the futurewith the aim of achieving perpetual growth for the
Melco Group along with all those who share our Melcovalues.
We always look at things from the perspective of ourcustomers to continue to provide products and services
that play a part in the realization of even richer lives.
We take pleasure in contributing to the development ofsociety through our wisdom and hard work.

1 Business Report 2021

Rapid
Response
to Change

Solidarity

We never shy away from the changes happening in theworld around us and we have the courage to change
direction when we make mistakes. We always strive toimprove ourselves and work hard toward personaltransformation.
We, in a spirit of fairness and openness, along withpeople who share high aspirations and passions, will
work together as one to overcome any difficulties andachieve our goals.

Policy

Promoting the establishment of a robust business portfoliothat can withstand sudden changes in external environments
and realize permanent growth
Sales and profit increased throughstable product provision amid the
COVID-19 pandemic.

Proactive proposal for products andservices that meet customers’ needs

The situation surrounding economic activities in Japan and the

For the IT-related sector, the earnings environment wasworld was extremely tense due to the impact of COVID-19 thisextremely harsh due to the intensified price war that arose as

fiscal year. While the start of vaccination against the infectious

the quantity of computer-related products sold spiked indisease has been heightening expectations for economic

accordance with the jump in demand for computer

recovery, a sense of uncertainty about the future has become

peripherals, stemming from more people working from homedeeper following the second declaration of a state ofand enjoying entertainment at home, as well as the promotion

emergency in January 2021.

of Wi-Fi*1 installations in elementary and junior high schools

Under these circumstances, for the IT-related sector, ouras part of the Global and Innovation Gateway for All (GIGA)

company strived for stable provision of products and proactive

project. Our company experienced difficulty in raising thesales activities by setting out basic guidelines that are in line

number of apartment units in which our Apartment Wi-Fi iswith the government’s policies on prevention of the spread of

installed because we continued refraining from face-to-face

COVID-19, and continuously encouraging our employees tosales activities.

work from home and use teleconference systems on a

Meanwhile, sales from Airdog, a high-performance aircompany-wide basis. Similarly, for the food sector, we

purifier that our corporate group sells as a Japaneseendeavored to steadily provide products to fulfill the soaring

distributor, and sales from RYZEN*2, a CPU manufactured bydemand for family use products, and expand sales of products

Advanced Micro Devices, Inc. (AMD), contributed significantly

that satisfy health-conscious consumers as well as initiating

to profits, allowing the agency business to expand. Our

sales of such products as uncooked Chinese noodles and friedcompany began receiving inquiries for the Buffalo Regularnoodles, whose demand is rising particularly in the household

Data Recovery Service via the Internet in order to prevent themarket, by implementing thorough infection prevention

spread of COVID-19, which allowed sales from the service tomeasures.

steadily grow, with a cumulative total number of over 37,000

As a result, sales were 129,912 million yen (up 13.1% year
on year), operating income was 8,848 million yen (up 113.9%

inquiries received.
For the food sector, although sales from brand-nameyear on year), ordinary income was 9,071 million yen (upproducts and frozen noodles for family use increased from a

84.6% year on year) and net income attributable to parent

growing number of people eating meals at home, overall sales

company shareholders was 6,625 million yen (up 111.1% year

decreased due to shrinking sales from Ryusui noodles and theon year) in our results in the fiscal year under review.

removal of the unprofitable products. Sales from products forcommercial use also dropped as people refraining from diningout rose, and many restaurants closed temporarily. In thissituation, our company strived to secure profit throughthorough efforts to cut down on expenditures, including costsof advertising and sales promotion, and streamline work andreduce waste at the production factories.
*1 Wi-Fi is the registered trademark of Wi-Fi Alliance.
*2 ‌AMD, Ryzen, and a combination of them are the registered trademarks of Advanced
Micro Devices, Inc.

Business Report 2021

2

Policy
Consolidated Net Sales (Unit: million yen)

108,993

Further prosperity and perpetual growththrough stable business operations of
the Melco Group

114,888

129,912140,000

72,319March 2018

March 2019

March 2020

As concerns remain about the spread of COVID-19, ourMarch 2021 March 2022
(est.)

company expects that people will further refrain from goingout and will continue to be encouraged to work from home.
Under these circumstances, our corporate group will endeavor
to steadily provide products and proactively make sales
activities for our mainstay products in the IT-related sector inan effort to meet the soaring demand for telecommuting amid
the COVID-19 pandemic. In the food sector, we will put forth
efforts to improve sales from frozen noodles for commercial

Consolidated Ordinary Income (Unit: million yen)
Consolidated Ordinary Income Margin (Unit: %)
9,071

8.8
6,359

use and expand sales and market share of chilled noodles and

6,520
6.0

7.0

4,914

10,0007.1

4.3

frozen noodles for family use.
Through these approaches, we estimate net sales, operating
income, ordinary income, and net income attributable toMarch 2018

March 2019

March 2020

parent company shareholders to be 140 billion yen (up 8.0%

March 2021 March 2022
(est.)

year on year), 9.7 billion yen (up 9.6% year on year), 10 billion
yen (up 10.2% year on year), and 7.2 billion yen (up 8.7%
year on year), respectively, on a consolidated basis in the fiscal
year ending March 31, 2022.
Keeping our Melco values in mind, we will continue striving
to improve our products and services with the aim of achieving
perpetual growth as a lasting company.

Net Income Attributable toParent Company Shareholders (Unit: million yen)
Consolidated Net Income Margin (Unit: %)
6,625

5,164

7,200

7.1
3,802
3.5

March 2018

March 2019

5.1

3,139

5.1

2.7

March 2020

March 2021 March 2022
(est.)Net Income per Share (Unit: yen)402.08452.38284.36

March 2018

3 Business Report 2021

187.98173.61March 2019

March 2020

March 2021 March 2022
(est.)

Business Segment

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

Digital music library

Wi-Fi router

External hard disk

NAS for corporate users

Omoidebako

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

AirdogKiki Navi

Data recovery service

Apartment Wi-Fi

Business Report 2021

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

Public gateway
solutionsBCN AWARD
2021
Winner in13 Categories(January to December 2020)

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

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

Data storage
optimization

Wireless LAN Category

NAS Category

Hub Category

LAN Card Category

19th consecutive year
19th win

8th consecutive year
8th win20th consecutive year
21st win

22nd consecutive year
22nd win

These prizes are awarded based on
actual aggregate sales at major
electrical appliance stores across Japan.

Memory Category
12th consecutive year
20th win*
1*1 ‌This is as the Melco Group. We have won thisaward ten years in a row for a total of ten times
as CFD sales.
*2 ‌This is as the Melco Group. We have won thisaward twelve years in a row for a total of
twelve times as CFD sales.

External HDD Category

Router Category

13th consecutive year
18th win

18th consecutive year
19th win

Expansion Interface
Category
18th consecutive year
18th win*
2

PC Power Unit
Category
10th consecutive year
10th win

Drive Casing
Category
11th consecutive year
13th win
USB Memory
Category
8th win
DVD Burner
Category
10th win
External SSD
Category
Newly established/1st win

5 Business Report 2021

Food

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

Kenbi Noodles
40% lesscarbohydratecontent
Authentic
udon noodles

Keyword forour development:

5K

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

Kenko(Healthy)
Ryusui Noodles
Soba

Kamben(Convenient)

Frozen Kenbi
Noodles
Salt-free
Inaniwa-styleudon noodles

Kaioki(Storage stock)

Yousyusyonin
Shanghai-style
fried noodles

Kohinshitsu(High quality)

Keizaisei(Economical)

Taikoban
Udon noodles

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

Business Report 2021

6

Business Overview

Consolidated
Net Sales

Consolidated
Operating Income

Net Income
per Share(Unit: million yen)

(Unit: million yen)

(Unit: yen)

IT-Related
FinanceFood

140,000
129,912

9,700

8,848

114,888108,993452.385,959

402.0872,319 5,319
4,137
284.36187.98173.61March 2018

March 2019

March 2020

March 2021

March 2022 (est.)

70,21070,78378,557

97,929—■ Food—35,90034,69031,195—■ Finance

2,107

2,306

1,640

785

—

■ IT-Related

7 Business Report 2021

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

(Unit: million yen)

97,929Net Sales
Net Sales

75.4%

97,92924.7%

Segment Income

March
2020

7,963
190.7%

million yen

increaseyear on year

7,963

78,557

million yen

March
2021

increaseyear on year

2,738

March
2020

March
2021

In our mainstay computer peripherals market, the earnings environment was extremely harsh due to the intensified pricewar that arose as the quantity of computer-related products sold grew during the COVID-19 crisis. This was due to a spikein demand amongst home customers as more people were working from home, as well as due to the promotion of
Wi-Fi-related product installations in elementary and junior high schools as part of the GIGA school project run by the
Ministry of Education, Culture, Sports, Science, and Technology (MEXT) for corporate users. While we withdrew fully frombusiness in Europe because short-term market recovery was not realizable in the overseas market due to COVID-19, sales
from the products that we sell as a Japanese distributor contributed significantly to profit, enabling us to expand the agency
business. With increased inquiries for the Buffalo Regular Data Recovery Service via the Internet to prevent the spread of
COVID-19, our company delivered satisfactory business results with a cumulative total number of inquiries received being
over 37,000. As a result, sales were 97,929 million yen (up 24.7% year on year) and segment income was 7,963 million yen(up 190.7% year on year).

Food(Unit: million yen)

34,690Net Sales
Net Sales

24.0%

31,195
10.1%

31,195

Segment Income

2,187

million yen

decreaseyear on year

(Unit: million yen)

March
2020

March
2021

9.9%

2,187

1,990

million yen

increaseyear on year

March
2020

March
2021

Sales from products offered in three servings, brand-name products (such as Momiuchi, Teppan noodles, and Kenbi
noodles), and frozen noodles for family use rose following an increase in the number of people having meals at home, but
overall sales declined due to the shrinking sales of the mainstay product, Ryusui noodles, and removal of the unprofitableproducts. Sales from commercial products also dropped because of a variety of negative factors, including a growing numberof people refraining from eating out, temporary closure of restaurants, and shortened business hours. Our company strived
to secure profits through thorough efforts, such as reduction of various expenditures including advertising and sales
promotion, and streamlining of work and reduction of waste at the production factories. As a result, sales were 31,195
million yen (down 10.1% year on year) and segment income was 2,187 million yen (up 9.9% year on year).

Finance(Unit: million yen)

(Unit: million yen)

570
1,640

Net Sales
Net Sales

0.6%

785

785

million yen

52.1%

decreaseyear on year

Segment Loss

March
2020

March
2021

63

million yen

Segment incomein the same period of
the previous year: 570 million yen

△63
March
2020

March
2021

The difficult operating environment continued, resulting in sales of 785 million yen (down 52.1% year on year) andsegment loss of 63 million yen (segment income of 570 million yen in the same period of the previous year).

Business Report 2021

8

Topics

Supportive activities against
COVID-19:
Donation of air purifiers to
57 hospitals nationwide

New approaches to expanding
the agency business:
The high-performance air
purifier, Airdog, garnered apositive reputation.

As part of our supportive activities against COVID-19,

As more people become aware of the significance of

Buffalo Inc. donated 1,553 units of Airdog, a high-viruses, including infectious diseases, they are also gaining

performance air purifier, to 57 member hospitals of theinterest in improving the quality of air around them.

Japan Community Health Care Organization (JCHO) all

toConnect, Inc. is the only official distributor of the Airdog

across Japan.

in Japan. Airdog is a high-performance air purifier

In response to the donation, Mr. Shigeru Omi, Presidentof JCHO (also serving as head of the Subcommittee on
Novel Coronavirus Disease Control), sent a letter ofdeveloped in Silicon Valley and one of the mostsophisticated*1 air purifiers in the world,
Airdog is a TPA filter, which is a unique technology forappreciation for the donation; the letter mentions thatremoving 99.8%*2 of fine particles (as small as one sixth of

JCHO would like to put forth efforts to provide patientsthe size of a virus particle) in the air by generating awith a better recuperation environment, create safe andmagnetic field that charges the positive ions of harmful

secure hospital space, and sustain and improve activities

substances and then collects dust to the filter like a

for medical workers.

magnet. The filter is washable and users do not need to

Buffalo will continue offering support throughInformation and Communication Technology (ICT) against
issues facing medical institutions due to COVID-19.

buy replacements.
Airdog has garnered an excellent reputation as an air
purifier suitable for public places such as medical
institutions and restaurants, as it can be kept clean andcontinues to function efficiently.

Official website

https://airdogjapan.com/

Ceremony of presenting the letter of appreciation for the donation

9 Business Report 2021

*1: The‌ability measured based on the
product’s capacity of removing fineparticles and a rate of filter performancedegradation.
*2: According‌to the test results deliveredby the National Center of Quality
Supervision and Testing for Air
Conditioning Equipment.

Airdog,a high-performance air purifier

Satisfying demand for Wi-Fi froman increasing number of people
working from home:
Enriching the lineup of products
compatible with Wi-Fi 6

Proactive proposal in the Chinese
noodle category whose market
boomed:Release of soup-less noodles, a
popular menu item product

The rapid shift to telecommuting amid the COVID-19

In the fiscal year ended March 31, 2021, the family-use

pandemic is creating greater needs for improving the Wi-Fi

noodles market boomed following a rise in the number ofenvironment at home.

people refraining from going out and having meals at

In order to help customers work from home in a better
environment, Buffalo enriched the lineup of AirStation, ahome, and an accelerating trend toward homemade meals
amid the COVID-19 crisis.

router compatible with the new Wi-Fi 6 standard, andSales from chilled Chinese noodles and fried noodles, inbegan offering flagship, high-performance, premium,particular, significantly grew because people realized again

standard, and entry models one by one starting in the

how easy it is to cook the noodles and how tasty they are.

summer season of 2021. The performance of Wi-Fi 6

In addition to the sales growth, as an approach to(11ax) is about 1.4 times higher than that of the previous

supporting households with tight budgets in the COVID-19

standard Wi-Fi 5 (11ac), and the new standard enables apandemic, Shimadaya Corporation conducted campaigns

faster and higher-quality communication environment thatin November 2020 and March 2021 that awarded

meets the needs for not only working from home but also

5,000-yen-worth JCB Gift Cards targeting consumers whovideo streaming and online gaming, including e-sports. Bybought its Chinese and fried noodles products, and theproviding a lineup of products that accommodates

campaigns were promoted through TV commercials.

different user needs, Buffalo contributes towards better

Furthermore, as a product that introduces a new way of

Wi-Fi environments in more households and provides

eating Chinese noodles, it has reinforced the lineup of its

everyone with the joy of effortless Internet connection, as

Chinese noodle products by newly releasing a series ofwell as comfortably storing and replaying digital data.

soup-less noodles, one of the most popular menu items at
restaurants.
Shimadaya will continue contributing to customers’
dietary lives through its products centering on 5K (Kenko(health), Kamben (convenience), Kohinshitsu (high quality),
Keizaisei (economy), and Kaioki (storage stock)).

Flagship model of the Wi-Fi 6-compatible router

Teppan noodles with a flavor of okonomiyaki sauce

Toripaitan Mazesoba

Business Report 2021

10

Financial Statements

Consolidated Balance Sheet
Item

Fiscal Year Ended
March 31, 2021

(Unit: million yen)

Fiscal Year Ended
March 31, 2020

❶ Assets
Current assets

67,75960,697

Fixed assets

18,042

18,173

Tangible fixed assets

11,604

12,452Intangible fixed assets

917

981

5,520

4,738

85,80278,870Current liabilities

29,16025,408Long term liabilities

4,449

5,201

Total liabilities

33,60930,609Investments, etc.
Total assets❷ Liabilities❸ Net assets
Shareholders’ equity
Capital

1,000

1,000

Capital surplus

4,404

4,404

Retained earnings

65,11759,495

Treasury stock△18,735△16,192

Total shareholders’equity51,786

48,706

Net unrealized gains(losses) on other securities

765

55

Deferred gains orlosses on hedges

176

10

Foreign currencytranslation
adjustments

△187

△239

Remeasurements ofdefined benefit plans

△370

△291

Total accumulated othercomprehensive income

383

△465

Subscription right toshares22

19

Total net assets

52,19348,260Total liabilities andnet assets

85,80278,870

Accumulated othercomprehensive income

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

11 Business Report 2021

│POINT│❶ Assets
Total assets for the fiscal year ended March 31, 2011were 85,802 million yen - an increase of 6,932 million yen
compared to the end of the previous consolidated fiscal
year. Current assets totaled 67,759 million yen - anincrease of 7,062 million yen. This change was mainly due
to a 19,118 million yen increase in cash and deposits, a
1,422 million yen increase in goods and products, a 710
million yen increase in notes and accounts receivable, a
13,913 million yen decrease in marketable securities anda 1,511 million yen decrease in raw materials andsupplies. Fixed assets totaled 18,042 million yen - adecrease of 130 million yen. This change was mainly due
to an 848 million yen decrease in tangible fixed assets anda 782 million yen increase in investments, etc.

❷ Liabilities
Total liabilities for the fiscal year ended March 31, 2021
were 33,609 million yen - an increase of 2,999 million yen
compared to the end of the previous consolidated fiscal
year. Current liabilities were 29,160 million yen - anincrease of 3,751 million yen. This change was mainly due
to a 1,617 million yen increase in accrued income taxes, a
1,196 million yen increase in accrued expenses, a 632
million yen increase in accounts payable and a 399 million
yen decrease in allowance for bonus. Long term liabilities
totaled 4,449 million yen - a decrease of 751 million yen.
This change was mainly due to an 899 million yen
decrease in long-term debt, a 96 million yen decrease inprovision for directors’ retirement benefits and a 252
million yen increase in defined benefit plans.

❸ Net Assets
Total net assets for the fiscal year ended March 31, 2021
were 52,193 million yen - an increase of 3,932 million yen
compared to the end of the previous consolidated fiscal
year. This change was mainly due to a 6,625 million yen
resulting from the acquisition of net income attributableto parent company shareholders, a 709 million yen
increase in net unrealized gains (losses) on othersecurities, a 2,542 million yen resulting from theacquisition of treasury stocks and a 1,002 million yen
resulting from dividends of surplus.

Consolidated Income Statement(Unit: million yen)
Fiscal Yearfrom April 1, 2020
to March 31, 2021

Fiscal Yearfrom April 1, 2019
to March 31, 2020

Net sales

129,912

114,888

Cost of sales

94,537

86,943

Selling, general andadministrative expenses

26,52623,807

Operating income

8,848

4,137

Non-operating income

393

971

Non-operating expenses

170

194

Ordinary income

9,071

4,914

Extraordinary income

13

594

Extraordinary loss

229

946

Net income before
taxes and otheradjustments

8,855

4,563

Income, resident andenterprise taxes

3,032

1,338

Income taxes deferred

△802

Item

Net income
attributable to parent
company shareholders

85

6,625

3,139

Consolidated Cash Flow Statement (Unit: million yen)
Fiscal Yearfrom April 1, 2020
to March 31, 2021

Fiscal Yearfrom April 1, 2019
to March 31, 2020

Cash flows fromoperating activities

11,266

6,549

Cash flows from investing
activities

12,235

12,257

Cash flows fromfinancing activities△4,441△15,469

57△10

Net increase (decrease)in cash and cash
equivalents

19,118

3,327

Cash and cash
equivalents at the
beginning of the period

10,444

7,117

Cash and cash
equivalents at the endof the period

29,562

10,444Item

Effect of exchange ratechanges on cash andcash equivalents

Total Assets (Unit: million yen)
Capital to Asset Ratio (Unit: %)88,67578,87066,018
70.4

61.2
61.7

85,802

60.8│For detailed information│

MELCO HOLDINGS IR

Searchmelco-hd.jp/ir/top
March 2018

March 2019

March 2020

March 2021

Notes:
1. ‌We have given the listed amounts by rounding down to the nearest
million yen.
2. ‌(Reference) We have given amounts for which we have retrospectively
applied the changes to our accounting policy in line with the revision to
the accounting standards for the listed amounts in FY March 2018.

Business Report 2021

12

Company Information(Current as of March 31, 2021)│Japan│MELCO HOLDINGS INC.
Company
Name

Melco Holdings Inc.

Board Members (Current as of June 28, 2021)
President and CEO

Director

Date of
Incorporation

July 1, 1986

Hiroyuki Maki

Ichiro Hirata

Executive Vice President

Director

Capital Stock

1,000 million yen

Tamio Matsuo

Shigeru Sasaki

Business
Activities

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

Director

Full-time Corporate Auditor

Norio Kinoshita

Masanao Tsuzuki

Director

Full-time Corporate Auditor

Yoshiaki Nagase

Takehiko Inoue

Director

AuditorIwao Tsusaka

Shinji Shibagaki

Number of
Employees

Non-consolidated: 36
Melco Group consolidated: 1,764

Director

AuditorDaisuke Maki

Masashi Kitamura

Number ofGroup
Companies

21 (17 in Japan; 4 overseas)

Director

Auditor

Kenichi Fukuhara

Shogo KimuraCompany
Name

Buffalo Inc.

Board Members (Current as of June 28, 2021)

Date ofFoundation

May 1, 1975

BUFFALO INC.

Date of
August 5, 1978
Incorporation

President and CEO

Director

Hiroyuki Maki

Takashi Nishiwaki

Managing Director

Director

Taiji Watanabe

Katsumi Iwasaki

Managing Director

Director

Manabu Wada

Satoshi Inaba

Managing Director

Director

Capital Stock

320 million yen

Business
Activities

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

Manabu Yano

Arata Nakamura

Director

Director

Number of
Employees

579

Masaya Ishimaru

Chisato Nakayama

Director

AuditorKazunori Yokoi

Masanao Tsuzuki

Shimadaya Corporation
Company
Name

Shimadaya Corporation

Date ofFoundation

July 20, 1931

Board Members (Current as of June 28, 2021)
President and CEO

Director

Norio Kinoshita

Ryuta Sugiyama

Senior Managing Director

Director

Shinichiro Soma

Tamio Matsuo

Managing Director

Director

Nobuyuki Obara

Toshio Sasaki

Date of
Incorporation

March 4, 1949

Capital Stock

1,000 million yen

Managing Director

Director

Business
Activities

Manufacture and sale of noodles and related foodproducts

Isao Iwata

Naoki Soneda

Managing Director

Auditor323

Kenji Okada

Yu KatoNumber of
Employees

13 Business Report 2021

Stock Information(Current as of March 31, 2021)│Stock│
CFD SALES INC.
Development, manufacture and sale of personal
computer parts and peripheral equipment

Number of Shares
Outstanding
Number of
Shareholders

22,237,873(including 6,322,195 treasury stocks)

4,523

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

MELCO SYNCRETS INC.

│Major Shareholders│(Top 10)(1,000 Shares)

Shareholding
Ratio
(%)

8,390

52.72(37.73)

Hiroyuki Maki617

3.88(2.78)

Advanced Design Corp.

Daisuke Maki617

3.88(2.78)

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

The Bank of Nagoya, Ltd.

501

3.15(2.26)

DigiOn, Inc.

Maki Makoto Foundation

500

3.14(2.25)

Development and sale of network and storage software

toConnect, Inc.

The Master Trust Bank of Japan, Ltd.
(trust account)484

3.05(2.18)

Direct marketing of products

Jun Maki334

2.10(1.50)

MELCO FINANCIAL HOLDINGS INC.

Custody Bank of Japan, Ltd. (trust
account)

207

1.30(0.93)

Hiromi Maki127

0.80(0.58)

Custody Bank of Japan, Ltd. (trust
account 5)1080.68(0.49)

Shareholder Name

Development and sale of audio equipment and related
products

BUFFALO IT SOLUTIONS INC.
Network infrastructure construction and maintenanceservices

Overall management of financial business within the
Melco GroupMELCO INVESTMENTS INC.
Investment management and financial instrument
intermediary services│Overseas│

Makis Inc.

Number of
Shares Held

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

<USA> BUFFALO AMERICAS, INC.
Sale of network-related equipment and PC peripherals<Taiwan> BUFFALO TECHNOLOGY (TAIWAN) INC.
Procurement and management of the product

Shareholding Distribution byType of Shareholder
Treasury stock
6,322(28.43%)

(

Unit:
thousand shares)

Financial institutions
1,774(7.98%)<Singapore>Melco Capital Pte. Ltd.
Individuals
and others
3,746(16.85%)

Investment management(Current as of March 31, 2021)

Foreigncorporations
1,056(4.75%)

Number of
SharesOutstanding
22,237

Financial instruments
business operators
208(0.94%)
Other Japanese
corporations
9,129(41.05%)

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 2021

14│Shareholder Notes││Website Guide│

Fiscal year-end:

MELCO HOLDINGS INC.

March 31

Ordinary general meeting Juneof shareholders:

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

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

https://melco-hd.jp

Stock listings:

First section of the Tokyo Stock Exchange andNagoya 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

Contact information:

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, Naka-ku,
Nagoya, 460-8315 Japan
TEL: 81-52-251-6891
FAX: 81-52-249-6609

https://www.shimadaya.co.jp