Consolidated Financial Results for the Third Quarter of the
Fiscal Year Ending March 31, 2023 [Japanese GAAP]
February 2, 2023
Company name:
Stock code:
Representative:
Contact:

TOKAI Holdings Corporation
Stock listing:Tokyo Stock Exchange
3167
URL:
https://tokaiholdings.co.jp/english/
Katsuo Oguri, President & CEO
Junichi Yamada, Representative Director and Managing Executive Officer General Manager ofGeneral Affairs Headquarters
Telephone: +81-54-275-0007
Scheduled date of filing quarterly report:
February 13, 2023
Scheduled date of dividend payment:
Supplementary materials on quarterly financial results:
Yes
Quarterly financial results briefing:No(Figures are rounded to the nearest million yen)

1. Consolidated Financial Results for the Nine-months Ended December 31, 2022
(April 1, 2022 to December 31, 2022)(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 of
yen

%

%

Millions of yen

Nine-months Ended
8,466
6,705
-28.1
2,816
164,249
9.9-8.5
December 31, 2022
Nine-months Ended
9,248
9,324
-6.1
4,634
149,420
6.9-6.6
December 31, 2021
(Note) Comprehensive income: 3,916 million yen in the Nine-months Ended December 31, 2022 (1.2%)
3,871 million yen in the Nine-months Ended December 31, 2021 (-54.7%)

%

-39.2
-21.9

Quarterly Net Income per Share(Diluted)

Quarterly Net Income per Share
Yen

Yen

Nine-months Ended December 31, 2022

21.52

-

Nine-months Ended December 31, 2021

35.38

-

(2) Consolidated Financial Position
Total Assets

Net Assets

Millions of yen

Millions of yen

Equity Ratio%

Nine-months Ended December 31, 2022

192,091

78,765

39.9

Year ended March 31, 2022

184,473

78,946

41.9(Reference) Equity: 76,690 million yen for the Nine-months Ended December 31, 2022
77,234 million yen for the year ended March 31, 2022

2. Dividends
End of Q1

End of Q2

Annual Dividend
End of Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ending March 31, 2022

―

15.00

―

17.00

32.00

Year ending March 31, 2023

―

16.00
―

16.00

32.00

Year ending March 31, 2023
(Forecast)(Note) Revisions to most recently announced dividend forecasts: No

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)(% 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

-20.8

6,300

-29.8

48.12

%

Year ending March
223,000
5.8
14,500-8.2
12,60031, 2023(Note) Revisions to most recently announced earnings forecasts: Yes

Net Income
per Share

業績予想欄については、上場会社各社の実情に応じて、開示対象項目や開示対象期間の追加又は削除、開示形式の変更を行うことが可能です。
*Notes(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries affecting the scope of consolidation): No(2) Application of special accounting procedures in the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, estimates, and restatements
1) Changes in accounting policies accompanying revisions in accounting standards, etc. : Yes
2) Changes in accounting policies other than 1): No3) Changes in accounting estimates: No4) Restatements: No(Note) For details, see “2. Quarterly Consolidated Financial Statements and Main Notes (4) Notes on Quarterly Consolidated Financial
Statements (Changes in Accounting Policy)” on page 10 of the Attachment.
(4) Number of shares issued (common stock)
1) Shares issued at the end of each period (including treasury stock):

Q3 FY3/2023

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

Q3 FY3/2023

8,785,536 shares FY3/2022

8,819,780 shares

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

Q3 FY3/2023

130,879,419 shares Q3 FY3/2022

130,980,704 shares

139,679,977 shares FY3/2022

139,679,977 shares(Note) Board benefit trust shares(BBT) is included in the number of year-end treasury stock.(462,100 stocks at Q3 FY3/2023, 496,900
stocks at FY3/2022) And the company shares held in ESOP trust accounts are included in the treasury stock, which is subtracted
from calculations of the average number of shares during the period (477,412 shares for the Nine-months Ended December 31,
2022; 377,076 shares for the Nine months Ended December 31, 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.

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

[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 ····································································· 3(3)Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information··············· 4

2． Quarterly Consolidated Financial Statements and Notes(1)

Quarterly Consolidated Balance Sheets ·············································································· 5(2)Quarterly Consolidated Statement of Income, Consolidated Statements of Comprehensive Income 7(3)

Quarterly Consolidated Statements of Cash Flows ································································ 9(4)Notes on Quarterly Consolidated Financial Statements ························································· 10(Notes on Going Concern Assumptions) ················································································· 10(Notes on Significant Changes in Shareholders' Equity) ····························································· 10(Changes in Accounting Policies) ·························································································· 10(Additional information)········································································································ 10(Segment Information） ······································································································ 10

1TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

1. Qualitative Information on Financial Results for the Period Under Review(1) Explanation of Consolidated Operating Results
During the first nine months of the fiscal year ending March 31, 2023, the Japanese economy experienced
continued rampant price hikes due to the soaring prices of raw materials and crude oil, which in turn were
attributed to the depreciation of the yen and the situation in Ukraine. The government urged companies to
respond, such as pressing them to increase wages. In addition, the domestic and overseas situations, including
fluctuations in the financial and capital markets and the spread of COVID-19 in China, require continued
monitoring.
During the first nine months of the fiscal year under review, the Group continued its concerted efforts to accelerate
the expansion of business areas and digital marketing, to create open innovation, to step up its digitaltransformation (DX) strategy, to optimally allocate management resources, and to strengthen its SDG initiatives.
Consequently, the Group posted a 64,000 rise in the number of continuing customers, to 3,258,000 for the firstnine months of the fiscal year under review (whereas the number grew 43,000 in the same period a year earlier).
The number of TLC Membership Service members increased 53,000 to 1,139,000 (whereas it rose 87,000 for
the same period a year earlier). In June, the Group acquired shares of Wood Recycle Co., Ltd. (Gero City, Gifu
Prefecture), a company engaging in industrial waste treatment and manufacturing of woodchips, and made it aconsolidated subsidiary. In October, the Group acquired shares of J-support Co., Ltd. (Chuo-ku, Fukuoka City),
which engages in the development, sales, and maintenance of packaged software for the logistics andwarehousing industry, and Okinawa Cable Network Inc. (Naha City, Okinawa Prefecture), which operates a CATV
business, and made them subsidiaries. The Group thus made positive achievements in expansion of its business
base.
Under these circumstances, for the first nine months ended December 31, 2022, the Group posted net sales of
164,249 million yen (up 9.9% year on year). However, given rises in gas purchase costs and in expenses for
gaining customers, operating profit was down 8.5% year on year to 8,466 million yen. Ordinary profit stood at
6,705 million yen, down 28.1% year on year, after posting investment losses including impairment losses
associated with the goodwill of an affiliate in Vietnam. Profit attributable to owners of parent was 2,816 million
yen, down 39.2% year on year.

Performance by segment is indicated below.
(Energy)In the LP gas business, the number of customers increased 22,000 from the end of the previous fiscal year, to
737,000, reflecting sustained Group efforts to attract customers. Net sales stood at 57,516 million yen (up 15.1%
year on year), chiefly due to a rise in selling prices linked to purchase prices in the industrial gas business.
In the city gas business, the number of customers grew 4,000 from the end of the previous fiscal year, to 73,000.
Net sales reached 13,552 million yen (up 54.9%), due to the effects of the gas rate adjustment system.
In this overall segment, net sales came to 71,069 million yen, up 21.0% year on year. However, operating profit
stood at 1,231 million yen, down 46.0% year on year, due mainly to a hike in the cost of gas.
(Construction, Equipment, and Real Estate)
In the Construction, Equipment and Real Estate business, net sales stood at 18,840 million yen, down 1.0% year
on year, due to decreases in large facilities projects and in projects for the construction of new stores and otherfacilities. However, operating profit increased 16.1% year on year, to 645 million yen, mainly reflecting a decreasein costs for each project.
2

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

(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 and made other efforts
to enhance content. The Group continued steady sales activities based on actual conditions in each businessarea. The broadcasting services customer count rose to 896,000, an increase of 9,000 from the end of theprevious fiscal year. The communications services customer count increased to 359,000, a rise of 15,000 fromthe end of the previous fiscal year.
Net sales in this segment stood at 25,510 million yen (up 5.1%), and operating profit came to 4,218 million yen(up 4.3%).
(Information and Communications)
In the business for consumers, the Group worked to acquire customers in an effort to achieve a net increase incustomers. For example, it worked to gain customers in collaboration with major telecommunications carriers in
the ISP business. In the mobile business, the Group broadened the LIBMO service lineup and introduced
package plans with fixed lines. These actions consequently achieved a net increase in the number of broadband
customers, which surged 12,000 from the end of the previous fiscal year to 665,000. LIMBO customers increased
by 9,000 to 65,000. However, a decrease in ARPU resulted in net sales of 18,194 million yen, down 0.6% year
on year.
In the business for corporate clients, net sales came to 21,468 million yen, up 7.9% year on year, mainly reflecting
steady growth in cloud services and an increase in the contract development projects.
Net sales in this segment stood at 39,662 million yen (up 3.8%), and operating profit came to 2,498 million yen(up 1.0%).
(Aqua)
In⁠⁠ the Aqua (bottled drinking water delivery) business, the number of customers increased 1,000 from the end of
the previous fiscal year to 166,000. That resulted from sales activities in events at large retail facilities and others
as well as non-face-to-face sales activities such as efforts to win contracts online and telemarketing.
Net sales in this segment were 5,720 million yen, down 1.6% year on year, chiefly following a decline in
consumption per household. However, as a result of cutting expenses for gaining customers, operating profit
reached 175 million yen, up 158.9% year on year.
(Others)
Net sales in the nursing care business stood at 1,039 million yen (up 3.3%), reflecting an increase in the numberof users. Net sales in the shipbuilding business came to 1,060 million yen (down 12.5%), due to a decrease in
the number of ships that the Group repaired. In the bridal events business, net sales reached 736 million yen (up42.8%), following a recovery in weddings and receptions.
In this segment, net sales stood at 3,446 million yen (up 1.5%) and operating profit at 129 million yen (while
operating loss of 111 million was posted for the same period in the previous fiscal year).
(2) Explanation of Consolidated Financial Position
1) Assets, Liabilities, and Net Assets
Total assets at the end of the first nine months under review stood at 192,091 million yen, an increase of 7,617
million yen from the end of the previous fiscal year. The increase was attributable primarily to an increase of 2,397
million yen in property, plant and equipment, a rise of 2,058 million yen in merchandise and finished goods, anincrease of 1,257 million yen in work in process, and a hike of 2,197 million yen in Other in current assets, whichmainly reflects an increase in accounts receivable - other.
Total liabilities came to 113,325 million yen, an increase of 7,797 million yen from the end of the previous fiscal
3

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

year. This was mainly due to a fall of 2,195 million yen in income taxes payable, a decrease of 1,668 million yen
in Other provisions in current liabilities, which mainly reflects the payment of bonuses, and a decrease of 1,392
million yen in long-term borrowings, which are more than offset by an increase of 10,417 million yen in short-termborrowings, a rise of 698 million yen in notes and accounts payable - trade, a hike of 943 million yen in Other incurrent liabilities, which mainly reflects an increase in contract liabilities, and an increase of 599 million yen in
Other in non-current liabilities, which mainly reflects an increase in lease liabilities.
Total net assets were 78,765 million yen, a decrease of 180 million yen from the end of the previous fiscal year.
This was chiefly due to posting of profit attributable to owners of parent of 2,816 million yen and to increases invaluation difference on available-for-sale securities by 821 million yen and in foreign currency translation
adjustment by 370 million yen despite dividends of surplus of 4,334 million yen.
2) Cash Flows
Cash and cash equivalents (“cash”) as of December 31, 2022 were 4,828 million yen, an increase of 381 million
yen from the end of the previous fiscal year.
Cash flows in the first nine months under review and major contributing factors are as follows.
(Cash flows from operating activities)
Net cash provided by operating activities was 10,638 million yen (1,667 million yen less year on year). The cash
inflows were attributable primarily to profit before income taxes, and depreciation as a non-cash account title,
which were partially offset by income taxes paid, and growth in inventories among other cash outflows.
(Cash flows from investing activities)
Net cash used in investing activities 10,852 million yen (814 million yen higher year on year). The cash outflows
were attributable primarily to purchases of property, plant and equipment and intangible assets and to expenses
for acquisition of securities.
(Cash flows from financing activities)
Net cash provided by financing activities was 594 million yen (1,540 million yen higher year on year). Borrowings
and other cash inflows more than offset cash outflows, including repayments of borrowings and lease liabilities
and the payment of cash dividends.

(3) Explanation of Consolidated Earnings Forecast and Other Forward-Looking Information
Figures for the consolidated earnings forecast for the fiscal year ending March 31, 2023 have been revised fromthose announced on May 10, 2022. For details, please see “Notice Regarding Posting of Extraordinary Losses
and Revisions to the Full-Year Financial Results Forecast,” which was announced today (February 2, 2023).

4

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets
Fiscal Year Ended
March 31, 2022
AssetsCurrent assets
Cash and deposits
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
Total assets

5(Millions of yen)
Nine Months Ended
December 31, 2022

4,743
28,566
4,030
740
1,376
8,072
-431
47,0985,130
28,626
6,088
1,998
1,552
10,269-466
53,20035,50024,832
24,911
20,771106,01735,711
24,93925,06822,696
108,415

6,040
4,953
10,993

5,972
4,664
10,637

3,769
16,806-211
20,364
137,375
184,473

3,825
16,330-317
19,838138,890
192,091

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

Fiscal Year Ended
March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term loans payable
Income taxes payable
Other provision
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Other provision
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurement of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

6(Millions of yen)
Nine Months Ended
December 31, 2022

18,66814,411
2,819
1,762
20,16057,822

19,36624,829624
9421,10366,01829,736368
1,038
16,56147,704
105,527

28,344449
1,352
17,16147,307
113,325

14,00025,55236,395-2,332
73,61514,00025,56634,876-2,323
72,120

605
369
2,643
3,619
9
1,702
78,946
184,473

1,427
740
2,401
4,570
29
2,045
78,765
192,091

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

(2) Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Nine Months Ended December 31, 2022)

Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating profit
Interest income
Dividend income
Commission fee
Other
Total non-operating profit
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Other
Total non-operating expenses
Recurring profit
Extraordinary income
Gain on sales of non-current assets
Gain on donation of non-current assets
Gain on reversal of subscription rights to shares
Gain on bargain purchaseTransmission line facility subsidies
Subsidy income
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
Anniversary project cost
Special investigation fee
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

7

Nine Months Ended
December 31, 2021
(April 1, 2021 to
December 31, 2021)
149,420
89,32160,09950,8509,248(Millions of yen)
Nine Months Ended
December 31, 2022
(April 1, 2022 to
December 31, 2022)
164,249
102,720
61,52953,063
8,466

8
246
24
240
519

11
212
22
275
521

202
178
63
444
9,324

200
2,001
80
2,282
6,705

5
116
97
－
63
－
283

28
－
103
51
87
3
2745

0
542
0
244
－
496
1,283
8,323
2,725
835
3,560
4,763
128
4,634

0
592
－
－
312
－
905
6,073
2,191
918
3,109
2,964
148
2,816

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

(Consolidated Statements of Comprehensive Income)(Nine Months Ended December 31, 2022)

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

8

Nine Months Ended
December 31, 2021
(April 1, 2021 to
December 31, 2021)
4,763(Millions of yen)
Nine Months Ended
December 31, 2022
(April 1, 2022 to
December 31, 2022)
2,964

-373
-819
-4
161

821
－
-5
-241

144

378

-891
3,871

952
3,916

3,741

3,766

129

149

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)
Nine Months Ended Nine Months Ended
December 31, 2021 December 31, 2022
(April 1, 2021 to(April 1, 2022 to
December 31, 2021) December 31, 2022)
Cash flows from operating activities
Quarterly net income before income taxes
Depreciation
Amortization of goodwill
Gain on bargain purchase
Impairment loss
Increase (decrease) in net defined benefit asset and liability
Interest and dividend income
Loss (gain) on sales of investment securities
Interest expenses(Gain) loss on valuation of investment securities
Loss on retirement of non-current assets
Decrease (increase) in notes and accounts receivable – trade
Decrease (increase) 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
Loan advances
Proceeds from collection of loans receivable
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Interest expenses paid
Net increase (decrease) in short-term loans payable
Repayments of lease obligations
Proceeds from long-term loans payable
Repayment of long-term loans payable
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

9

8,323
11,193
760
-161
-254
-97
202
-5
542
1,261
-954
21
-1
-2,655
18,174-5,86812,305

6,073
11,342
738
-51
-310
-223
-103
200
2,001
-28
592
991
-3,390615-1,257
17,191-6,552
10,638288-62242-9,888233

278-1,154145-10,645298-2,664

-285

-571
11
743
-11,667－603-93-10,852-207
7,995-3,185
6,100-7,524-49-0-4,065
-8
-945
-1
-309
5,136
4,826

-204
10,550-3,4485,950-7,919－-0-4,324
-8
594
0
381
4,447
4,828

TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

(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 Implementation Guidance on Accounting Standard for Calculation of Fair Value)
The Company has applied the “Implementation Guidance on Accounting Standard for Calculation of Fair Value”(ASBJ Guidance No. 31, June 17, 2021; hereinafter the “Implementation Guidance on Accounting Standard for Market
Value Calculation”) from the beginning of the first quarter of the current fiscal year, and decided to apply the new
accounting policy stipulated by the Implementation Guidance on Accounting Standard for Market Value Calculation inaccordance with the transitional treatment stipulated in Article 27-2 of the Implementation Guidance on AccountingStandard for Market Value Calculation in the future. The application of this accounting standard will have no impact onquarterly consolidated financial statements.
(Additional Information)(Inappropriate use of expenses by former President and CEO)The Company launched a special investigation committee including an outside lawyer and an outside certified public
accountant in September 2022 to begin an investigation in connection with its former President and CEO’s
inappropriate use of expenses. On December 14, 2022, the Company received from the special investigationcommittee an investigation report stating that the committee found a use of expenses whose relation with the Group’sbusiness could not be confirmed.
The Company disclosed this investigation report on December 15, 2022. And on December 23, 2022, the Company
announced the formulation of effective measures to prevent a recurrence of the incident and initiatives to strengthen its
internal control based on recommendations from the special investigation committee.
For the first nine months of the fiscal year under review, an estimated amount of income taxes concerned with theincident was posted in a lump sum. However, the impact is insignificant.
In addition, the Company posted expenses related to special investigations into this incident as special investigation
expenses in extraordinary losses.
(Segment Information, etc.)[Segment Information]
I. Nine Months Ended December 31, 2021 (April 1, 2021 to December 31, 2021)
Information on net sales and profit or loss by reportable segment
Reportable segments
Construction,
Other1Equipment,
Information and
CATV
Aqua Subtotal
Energyand Real
Communications
Estate

Total(Millions of yen)Amount inquarterly
Adjustments2 consolidated
statement ofincome3

Net sales
Sales toexternalcustomers
Intrasegment
sales andtransfer
Subtotal

58,717

139
58,85719,025 24,265

38,206 5,811 146,025

1,256

3,171

389

20,281 24,654

174

5,131

41,378 5,985 151,156

3,395 149,420-

149,420

5,213-5,213-3,477 154,634-5,213

149,42082

Segment profit
2,282
555 4,044
2,473
67
9,424 -111
9,313
-64
9,248
(loss)(Notes) 1. The “Others” 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 profit (loss) are eliminations due to intra-segment transactions.
3. Segment profit (loss) is adjusted to match operating profit in the quarterly consolidated statements of income.

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TOKAI Holdings Corporation (3167) Financial Results for the Nine months Ended December 31, 2022

II. Nine Months Ended December, 2022 (April 1, 2022 to December 31, 2022)
Information on net sales and profit or loss by reportable segment
Reportable segments
Construction,
Other1Equipment,
Information andEnergyCATV
Aqua Subtotal
and Real
Communications
Estate

Total(Millions of yen)Amount inquarterly
Adjustments2 consolidated
statement ofincome3

Net sales
Sales toexternalcustomers
Intrasegment
sales andtransfer
Subtotal

71,069159
71,22818,840 25,510

971

358

19,811 25,868

39,662 5,720 160,803

3,064

203

4,757

42,726 5,924 165,560

3,446 164,249-

164,249

5,021-5,021-3,710 169,271-5,021

164,249

264

Segment profit
1,231
645 4,218
2,498
175
8,769
129
8,899
-433
8,466
(loss)(Notes) 1. The “Others” 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 profit (loss) are eliminations due to intra-segment transactions.
3. Segment profit (loss) is adjusted to match operating profit in the quarterly consolidated statements of income.

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