Consolidated Financial Results for the First Three Months of the
Fiscal Year Ending March 31, 2019 [Japanese GAAP]
August 7, 2018
Company name:
Stock code:
Representative:
Contact:

TOKAI Holdings Corporation
Stock listing:Tokyo Stock Exchange
3167
URL:
http://tokaiholdings.co.jp
Katsukiho Tokita, President & CEO
Hiroyuki Ozawa, Managing Executive Officer, General Manager of Administrative Headquarters
Telephone: +81-54-275-0007
Scheduled date of filing quarterly report:
August 10, 2018
Scheduled date of dividend payment:
Supplementary materials on quarterly financial results:
Yes
Quarterly financial results briefing:No(Figures are rounded to the nearest million yen)

1. Consolidated Financial Results for the Three-months Ended June 30, 2018
(April 1, 2018 to June 30, 2018)(1) Consolidated Operating Results (cumulative)(% figures represent year-on-year changes)

Sales

Operating Profit

Millions of yen%

Millions of yen

Quarterly Net
IncomeAttributable to
Owners of the
ParentRecurring Profit%

Millions ofyen%Millions of yen

Three-months Ended
44,553
2,390
2,487
12.9
4.8
11.0
June 30, 2018
Three-months ended
42,5312.2
2,152(25.0)
2,204 (24.0)
June 30, 2017
(Note) Comprehensive income: 6,884 million yen in the Three-months Ended June 30, 2018 (526.8%)
1,098 million yen in the Three-months ended June 30, 2017 (-50.9%)
Quarterly Net Income
per Share
Three-months Ended
June 30, 2018
Three-months ended
June 30, 2017

%

1,432

21.2

1,182

(33.1)

Quarterly Net Income
per Share (Diluted)

Yen

Yen

10.94

-

9.33

8.99

(2) Consolidated Financial Position
Total Assets

Net Assets

Equity Ratio

Millions of yen

Millions of yen%

Three-months Ended
162,694
60,95736.8
June 30, 2018Year ended
165,993
61,45036.3
March 31, 2017
(Reference) Equity: 59,804 million yen for the Three-months Ended June 30, 201860,320 million yen for the year ended March 31, 2017
(Note) "Partial Amendments to" Accounting Standards for Tax Effect Accounting "(ASBJ Statement No. 28, February 16, 2018),
etc. from the beginning of the first quarter of the current consolidated fiscal year, The consolidated financial position related to
the fiscal year is the figure after applying the accounting standards etc. back.

2. Dividends
End of Q1

End of Q2

Annual Dividend
End of Q3

Year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2017

―

14.00

―

14.00

28.00

Year ending March 31, 2018

―
―

14.00

28.00

Year ending March 31, 2018
14.00
(Forecast)(Note) Revisions to most recently announced dividend forecasts: No

3. Consolidated Earnings Forecasts for the Year Ending March 31, 2019 (April 1, 2018 to March 31, 2019)(% 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

16.1

1,890

51.6

14.43

24.0

7,920

19.6

60.48

%

Six months ending
90,100
6.1
3,700
18.8
3,650
September 30,2018
Year ending March
195,600
5.1
13,96027.2
13,88031, 2019(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):

Q1 FY3/2019

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

Q1 FY3/2019

8,736,470 shares FY3/2018

8,736,412 shares

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

Q1 FY3/2019

130,943,526 shares Q1 FY3/2018

126,765,243 shares

139,679,977 shares FY3/2018

139,679,977 shares(Note) Board benefit trust shares(BBT) is included in the number of year-end treasury stock.(416,600 stocks at Q1 FY3/2019, 416,600
stocks at FY3/2018) 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 (416,600 shares for the Three-months Ended June 31, 2018;
418,841 shares for the Three-months ended June 30, 2018).

* 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 Three Months ended June 30, 2017

Breakdown of dividends with capital surplus as dividend resource
Of the dividends for the fiscal year ending March 31, 2017, the breakdown of dividends for capital surplus asdividend is as follows.
Reference dateYear-Ended

Total

Dividend per share (Yen)

0.79

0.79

Total dividends (Millions of yen)

100

100

(Note) Reduction ratio of net assets 0.003

1

[Attachment]
Contents
1. Qualitative Information on Financial Results for the Period Under Review(1)

Explanation of Consolidated Operating Performance ···································································· 2(2)Explanation of Consolidated Financial Condition·········································································· 4(3)Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Information ···················· 4

2. Quarterly Consolidated Financial Statements and Notes(1)

Quarterly Consolidated Balance Sheets ····················································································· 5(2)Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income ······ 7(3)Quarterly Consolidated Statements of Cash Flows ······································································· 9(4)Notes to the Quarterly Consolidated Financial Statements ··························································· 10(Notes to the Premise of Going Concern) ····················································································· 10(Notes to the Significant Changes in Shareholders’ Equity) ······························································ 10(Additional Information) ············································································································ 10(Segment Information) ·············································································································· 11

11. Qualitative Information on Financial Results for the Period Under Review(1) Explanation of Consolidated Operating Performance
During the first three months of the fiscal year ending March 31, 2019, the Japanese economy was on a gradual
recovery trend, with an upturn in personal consumption and steady improvement in employment conditions.
However, the general economic outlook remains clouded due to uncertainties in overseas economies, such as
trade issues started in the US.
The current fiscal year ending March 31, 2019 is the second year of TOKAI Group’s medium-term management
plan Innovation Plan 2020 “JUMP.” Under the four-year plan which began in the previous fiscal year, the Groupaims to achieve further growth with the following four main themes: (1) “Switch from defensive to proactive
management,” (2) “Progress with M&A,” (3) “Prioritize profit growth and ROE,” and (4) “Shareholders are always apriority.”
Under such circumstances, in the three months ended June 30, 2018, the number of continuing customers
increased by 313 thousand (up 12.2% year on year from 2,570 thousand at June 30, 2017) owing to M&A activities
conducted in the previous fiscal year and initiatives to acquire customers in each business. As a result, the Groupbooked sales of 44,553 million yen (up 4.8% year on year) and posted significant growth in all profit categories, with
operating profit of 2,390 million yen (up 11.0% year on year), recurring profit of 2,487 million yen (up 12.9% year onyear), and quarterly net income attributable to owners of the parent of 1,432 million yen (up 21.2% year on year).
As of June 30, 2018, the number of continuing customers increased by seven thousand from March 31, 2018 to
2,883 thousand and members of the TLC Membership Service increased by 32 thousand to 731 thousand.

Performance by segment was as follows.

(Gas and Petroleum)
In the liquefied petroleum gas (LP gas) business, the Group focused on increasing the customer count amid
intensifying competition, through efforts to attract new customers and prevent service cancellations in establishedareas, and start services in new areas.
As a result, the number of customers rose by three thousand from March 31, 2018 to 610 thousand. While LP gas
sales volume decreased on higher temperature compared with the same period in the previous fiscal year, unit sales
price rose accompanied by an increase in raw material prices. Consequently, sales of the LP gas business came to
14,737 million yen (up 0.4% year on year).
In the city gas business, the number of customers was 55 thousand, unchanged from the level as of March 31,
2018, but sales rose 5.8% year on year to 2,871 million yen due to a higher unit sales price stemming from the fuelcost adjustment regulations and other factors.
As a result, segment sales increased 1.2% year on year to 17,608 million yen, but operating profit fell 15.5% year
on year to 610 million yen on lower LP gas sales volume due to higher temperature.

(Building and Real Estate)
In the Building and Real Estate business, renovation and building construction projects increased. As a result,segment sales were 4,166 million yen (up 15.2% year on year) and operating profit was 64 million yen (versus an
operating loss of 51 million yen in the three months ended June 30, 2017).

2

(CATV)In the CATV business, the Group aimed to increase customers through enhanced price competitiveness in theform of discounts offered to customers signing up for broadcasting and communications packaged services, anddiscounts for smartphone-related packaged services through alliances with major mobile phone carriers, and also
worked to prevent service cancellations. The Group also aimed to improve customer satisfaction in the following
areas. In broadcasting services, it broadcasted programs with extensive regional information, and promoted a switch
to fiber-optic services that support 4K broadcasting. In telecommunications services, the Group launched a new
ultra-high-speed fiber-optic network service with a maximum speed of 10Gbps. As a result of such measures,subscribers to the broadcasting service rose by three thousand from March 31, 2018 to 778 thousand, and those to
the telecommunications service increased by four thousand to 261 thousand.
The number of subscribers grew steadily in existing areas as well as from M&A activities conducted in the previous
fiscal year, resulting in segment sales of 7,511 million yen (up 17.2% year on year) and operating profit of 1,074
million yen (up 43.0% year on year).

(Information and Communications Services)
In consumer-oriented services, amid intensifying competition from major mobile carriers, the number of Hikari
Collaboration customers increased by four thousand from March 31, 2018 to 327 thousand. However, the numberof customers for conventional internet service providers (ISPs) fell by 14 thousand to 451 thousand. Meanwhile, thenumber of customers in the TOKAI-brand MVNO service LIBMO rose by three thousand to 32 thousand. As a result,segment sales totaled 7,777 million yen (down 1.2% year on year).
In corporate services, growth of recurring-revenue operations and an increase in contracted system development
projects led to a 3.5% year on year increase in sales to 4,736 million yen.
Due to these factors, segment sales came to 12,513 million yen (up 0.5% year on year), but operating profit was
430 million yen (down 6.0% year on year) on higher costs of communications services including a rise in NTT
connection charges.

(Aqua)In the Aqua business, the Group continued to push forward with customer acquisition activities for “The gift ofdelicious water: Ulunom” brand, mainly targeting large-scale commercial facilities. Consequently, the Group
succeeded in increasing the number of customers to 151 thousand, up by five thousand from March 31, 2018.
As a result, segment sales came to 1,653 million yen (up 13.5% year on year) and operating profit to 36 million
yen (no profit in the three months ended June 30, 2017).

(Others)
In the nursing care business, an increase in the number of users led to sales of 261 million yen (up 6.5% year onyear). In the shipbuilding business, sales were down 17.2% year on year to 325 million yen on a decrease in work
volume for ship repairs. In the bridal events business, sales were down 11.6% year on year to 336 million yen on adecline in the number of wedding ceremonies.
Due to these factors, segment sales were 1,100 million yen (down 9.1% year on year) and operating profit was
25 million yen (down 67.5% year on year).

3(2) Explanation of Consolidated Financial Condition
1) Assets, Liabilities, and Net Assets
As of June 30, 2018, total assets amounted to 162,694 million yen, down 3,299 million yen from March 31, 2018.
This is primarily attributed to a decrease in notes and accounts receivable–trade by 3,268 million yen owing toseasonal factors.
Total liabilities were 101,736 million yen, down 2,807 million yen from March 31, 2018. The decline is mainly
attributable to a 2,433 million yen fall in notes and accounts payable–trade due to seasonal factors.
As of June 30, 2018, net assets totaled 60,957 million yen, down 492 million yen from March 31, 2018. Although
the Group booked 1,432 million yen in quarterly net income attributable to owners of the parent, net assets fell by
1,839 million yen due to dividend payments.

2) Cash Flows
Cash and cash equivalents (hereinafter referred to as “funds”) at June 30, 2018 totaled 2,707 million yen, down
296 million yen from March 31, 2018.
Cash flows from each activity during the three months under review and the factors behind them are as follows.

(Cash flows from operating activities)
Net cash provided by operating activities was 4,348 million yen (down 502 million yen year on year). Funds
increased chiefly due to quarterly net income before income taxes and the effect of depreciation and amortization
expenses (non-cash items).

(Cash flows from investing activities)
Net cash used in investing activities was 3,484 million yen (down 614 million yen year on year). This is mainly due
to the acquisition of tangible and intangible assets.

(Cash flows from financing activities)
Net cash used in financing activities was 1,159 million yen (up 1,102 million yen year on year). Cash was mainly
used for the payment of dividends.

(3) Explanation of Consolidated Earnings Forecasts and Other Forward-Looking Information
Earnings results for the three months ended June 30, 2018 were generally in line with forecasts, and the Company
maintains its consolidated earnings forecasts for the fiscal year ending March 31, 2019, which was announced on
May 8, 2018.
Forecasts are judgments based on currently available information. Actual performance may differ from forecasts
due to a variety of factors going forward.

42. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable–trade
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

5

Fiscal Year Ended
March 31, 2018

(Millions of yen)Three Months Ended
June 30, 2018

3,143
23,806
3,723
849
817
7,990
(379)
39,951

2,852
20,537
3,786
896
814
8,818
(375)
37,331

34,28023,096
22,842
16,591
96,81033,71822,70922,85916,776
96,0645,430
5,767
11,1985,374
5,803
11,1772,650
15,898(518)
18,030126,038
3
165,993

2,665
16,011(559)
18,117125,3593
162,694

Liabilities
Current liabilities
Notes and accounts payable–trade
Short-term loans payable
Current portion of bonds
Income taxes payable
Accruals
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
Foreign currency translation adjustment
Remeasurement of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

6

Fiscal Year Ended
March 31, 2018

(Millions of yen)Three Months Ended
June 30, 2018

15,67023,672
198
2,966
1,657
19,54063,705

13,237
27,159
198
1,177
285
20,67362,731398
26,711
132
575
13,02040,837
104,543368
24,878108615
13,03339,004
101,736

14,00025,525
17,768(2,223)55,06914,00025,525
17,362(2,223)54,663

2,548
(3)
2,706
5,250
1,130
61,450165,993

2,497
(8)
2,652
5,141
1,153
60,957
162,694

(2) Quarterly Consolidated Statements of Income, Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Three Months Ended June 30, 2018)

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
Other
Total non-operating expenses
Recurring profit
Extraordinary income
Gain on sales of non-current assets
Transmission line facility subsidies
Subsidy income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Bad debt losses
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(Millions of yen)Three Months Ended Three Months Ended
June 30, 2017
June 30, 2018
(April 1, 2017 to(April 1, 2018 toJune 30, 2017)
June 30, 2018)
42,531
44,55324,897
26,587
17,633
17,965
15,481
15,575
2,152
2,390
2
106
23
66
198

2
102
22
90
217

114
32
147
2,204

95
24
120
2,487

0
18
19

0
22
2
0
25

0
259
15
274
1,948
958
(217)
741
1,207
25
1,182

0
161
－
161
2,352
1,061
(172)
889
1,463
30
1,432

(Consolidated Statements of Comprehensive Income)(Three Months Ended June 30, 2018)

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

8

Three Months Ended
June 30, 2017
(April 1, 2017 toJune 30, 2017)
1,207(Millions of yen)Three Months Ended
June 30, 2018
(April 1, 2018 toJune 30, 2018)
1,463

427
(381)
(1)
(46)

(50)
－
1
(54)

2

(6)

0
1,207

(108)
1,354

1,182

1,323

24

30

(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)Three Months Ended Three Months Ended
June 30, 2017
June 30, 2018
(April 1, 2017 to(April 1, 2018 toJune 30, 2017)
June 30, 2018)
Cash flows from operating activities
Quarterly net income before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit asset and liability
Interest and dividend income
Loss (gain) on sales of investment securities
Interest expenses(Gain) loss on sales of non-current assets
Loss on retirement of non-current assets(Increase) decrease in notes and accounts payable(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable–trade
Increase (decrease) in accrued consumption taxes
Increase (decrease) in deposits received
Other
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Interest and dividend income received
Purchase of securities
Proceeds from sales of securities
Purchase of tangible and intangible assets
Proceeds from sales of tangible and intangible assets
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
Repayment of long-term loans payable
Proceeds from share issuance to non-controlling shareholders
Payments for acquisition of treasury stock
Proceeds from disposal of treasury shares
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

1,948
3,502
293
(1,244)
(75)
(108)
114
(0)
259
4,207
(10)
(2,451)
37
2,724
(170)
9,024
(4,173)
4,851

2,352
3,351
290
(1,240)
(52)
(104)
(0)
95
ᇞ0
161
3,250
ᇞ105
ᇞ2,441
196
2,669
(707)
7,714
(3,365)
4,348

131
(3)
(3,065)66
7(7)(2,870)118(3)
0(3,877)49
3
224(3,484)

(110)
3,500
(950)
(2,670)20(0)0(2,045)(5)(2,262)
(0)
(281)
3,111
2,829

(93)
4,112
(930)
(2,458)－(0)(1,754)(35)(1,159)
(1)
(296)
3,004
2,707

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

(Notes on Significant Changes in Shareholders’ Equity)
Not applicable.
(Additional Information)(Application of "Partial revision of "Accounting standard for deferred tax accounting" etc.)"Partial Amendments to the" Accounting Standards for Tax Effect Accounting "(ASBJ Statement No. 28,
February 16, 2018) from the beginning of the first quarter of the current consolidated fiscal year, and deferred tax
assets Are presented in the classification of investments and other assets, and deferred tax liabilities arepresented in the category of fixed liabilities.

(Board Benefit Trust (BBT))(1) Overview of Transactions
At a Board of Directors Meeting held on May 10th, 2016, the Company approved the introduction of aboard benefit trust (BBT) plan as a new stock-based compensation system (hereinafter referred to as “theSystem”) for the Company’s Directors, Executive Officers, Administrative Officers, and the Directors andAdministrative Officers of some of the Company’s subsidiaries (excluding Outside Directors; hereinafterreferred to as “Executives”). This Executive compensation was approved at the 5th Annual General Meetingof Shareholders held on June 24, 2016.
The System is a stock-based compensation system in which the Company will acquire the shares of theCompany using funds the Company first contributes. The Company’s shares and the amount of cash
equivalent to the market price of the Company’s shares as of the date of the Executive’s retirement(hereinafter referred to as the “Company’s Shares, etc.”) will be provided through the trust to the Executives
in accordance with executive stock-based compensation rules stipulated by the Company and subsidiaries of
the Company covered by the System. In principle, Executives shall receive the Company’s Shares, etc. upon
their retirement.
The Company has applied the gross method for this transaction in accordance to “Practical Solution on
Transactions of Delivering the Company’s Own Stock to Employees etc. through Trusts” (ASBJ PITF No. 30,
March 26, 2015).
(2)

Company stock remaining in the trust
The Company is recording Company stock which remains in the trust as treasury stocks under net assets atbook value (excluding attached expenses). The book value of such Company stocks was 259 million yen as ofMarch 31, 2018, 259 million yen as of June 30 2018. The number of stock was 416,600 shares as of March 31,
2017, 416,600 shares as of June 30, 2018.

10

(Segment Information, etc.)[Segment Information]
I. Three Months Ended June 30, 2017 (April 1, 2017 to June 30, 2017)
Sales and Income of Losses by Reportable Segment
Reportable segments
Building
Information
1
Other
Gas and
and
and
CATV
Aqua Subtotal
Petroleum Real
CommuniEstatecations
Sales
Sales toexternalcustomers
Intersegment
sales andtransfers
Subtotal

35
17,427

Segment income(loss)(Notes)17,392722

3,617 6,406

307

12,447196

708

3,925 6,603

13,155

(51)

751

457

1,456 41,319

60Adjustments2－

42,531

1,302(1,302)－

1,260 43,833(1,302)

42,531194

2,152

1,211 42,531

1,253

1,462 42,573

Total(Millions of yen)Amount inquarterly
consolidated
statements of
3
Income

48

1,880

77

1,957

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

II. Three Months Ended June 30, 2018 (April 1, 2018 to June 30, 2018)
Sales and Income of Losses by Reportable Segment
Reportable segments
Building
Information
1
Other
Gas and
and
and
CATV
Aqua Subtotal
Petroleum Real
CommuniEstatecations

Total Adjustments2(Millions of yen)Amount inquarterly
consolidated
statements of
3
IncomeSales
Sales toexternalcustomers
Intersegment
sales andtransfers
Subtotal
Segment income(loss)(Notes)17,60834

4,166 7,511

226

185

17,642

4,393 7,697

610

64 1,074

12,513 1,653 43,452

708

6

1,161

13,221 1,659 44,614
430

36

2,217

－

44,553

1,206(1,206)－

1,145 45,759(1,206)44,553148

2,390

1,100 44,553

44

25

2,242

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.

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