Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
(Under Japanese GAAP)May 15, 2023
Company name:TOMONY Holdings, Inc.
Stock exchanging listing:Tokyo (code: 8600)
URL:
https://www.tomony-hd.co.jp/
Representative:
Takeshi Nakamura, Representative Director, President and CEO
For inquiry:
Hitomi Fujii, Managing Director, General Manager of Corporate Planning Department
Tel:+81-87-812-0102
Scheduled date of annual general meeting of shareholders: June 27, 2023
Scheduled date to file annual securities report:
June 27, 2023
Scheduled date to commence dividend payment:
June 28, 2023
Trading accounts:
None
Preparation of supplementary material on financial results: Yes
Holding of financial results meeting:Yes (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)

1. Consolidated highlights for fiscal year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(1) Results of operations(%: Changes from the previous fiscal year)

Ordinary income
Fiscal year ended
March 31, 2023
March 31, 2022

million yen
79,85470,335

Profit attributable toowners of parent

Ordinary profits
%
13.5
(0.4)

million yen
20,67919,132%8.0
32.0

million yen
14,16813,062%8.4
30.8(Note) Comprehensive income: March 31, 2023: ¥3,299 million [(19.1)%]; March 31, 2022: ¥4,080 million [(83.0)%]

Basic earnings
per share
Fiscal year ended
March 31, 2023
March 31, 2022

Diluted earnings
per share

Return on equity

Ordinary profits
to total assets

Ordinary profits toordinary income

yen
86.04
79.81

%
5.8
5.4

%
0.4
0.4

%
25.8
27.2

yen
87.71
81.53

(2) Financial conditions
Total assets
As ofMarch 31, 2023
March 31, 2022

Total net assets

million yen
4,551,361
4,596,057

Equity-to-asset ratio

million yen
247,356
245,730

Total net assets per share

%
5.3
5.2

yen
1,506.76
1,506.59(Reference) Equity: March 31, 2023: ¥244,183 million; March 31, 2022: ¥242,116 million(Note) “Equity-to-asset ratio”is calculated as follows: (Total net assets - Subscription rights to shares - Non-controlling interests) / Total assets ×100

(3) Cash flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

million yen(201,412)
47,910Cash flows fromfinancing activities

million yen
37,476(27,436)

Cash and cash equivalents
at the end of the period

million yen(2,564)(2,375)

million yen
366,324
532,813

2. Cash dividends for shareholders
Annual cash dividends per share
1stquarter-end

2ndquarter-end

3rdquarter-end

Fiscalyear-end

Fiscal year
ended March 31, 2022
ended March 31, 2023

yen
-

yen
4.50
5.00

yen
-

yen
4.50
5.00

yen
9.00
10.00

ending March 31, 2024
(Forecast)

-

5.00

-

5.00

10.00

Total

Total cash
dividends(Total)Dividend
payout ratio(Consolidated)

Ratio ofdividend to net
assets(Consolidated)

million yen
1,454
1,620

%
11.0
11.4

%
0.5
0.6

15.0

3. Earnings forecasts for fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)(%: Changes from the previous fiscal year)

Profit attributable toowners of parent

Ordinary profits

Six months
ending September 30, 2023
Fiscal year
ending March 31, 2024

Basic earnings
per share

million yen%

million yen

%

yen

8,150

(14.5)

5,600(18.2)

34.5

15,950(22.8)

10,800(23.7)

66.6

Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying change in scope of
consolidation): None
(2) Changes in accounting policies, changes in accounting estimates, and restatements(i) Changes in accounting policies due to revisions of accounting standards and other regulations: Yes(ii) Changes in accounting policies due to reasons other than (i): None(iii) Changes in accounting estimates: None(iv) Restatements: None(3) Issued shares of common shares(i) Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023

163,728,911 shares As of March 31, 2022

163,728,911 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2023

1,671,069 shares As of March 31, 2022

3,024,704 shares(iii) Average number of outstanding sharesFiscal year ended March 31, 2023

161,528,725 shares Fiscal year ended March 31, 2022

160,215,201 shares*This“Consolidated Financial Results”is outside the scope of the audit.
*Notes for using forecasted information etc.
The description of future performance of this report is based on information which is presently available and certain assumptions,which are considered to be reasonable, and it does not guarantee future performance. Please take note that future performance may
differ from forecasts depending on various future factors.

TOMONY Holdings, Inc.

Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2022
AssetsCash and due from banks
Trading securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investments in leases
Other assets
Tangible fixed assets
Buildings, net
Land
Leased assets, net
Construction in progress
Other tangible fixed assets
Intangible fixed assets
Software
Other intangible fixed assets
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills soldCash collateral received for securities lent
Borrowed money
Foreign exchanges
Other liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit liability
Provision for reimbursement of deposits
Provision for contingent loss
Provision for loss on guarantees
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

1

As of March 31, 2023

537,955
436
1,327
727,889
3,229,950
7,247
10,02352,55935,96718,092
15,766
376
183
1,548
1,369
1,240
129
5,860
163
7,309
(22,003)4,596,057

371,140478
1,108
691,510
3,395,321
4,923
10,54545,01035,743
17,926
15,692
208
479
1,437
1,114
963
151
6,358
3,463
7,108
(22,466)
4,551,361

3,948,642
113,501
243,775
23
33,771
328
106
148
188
137
213
1,372
808
7,309
4,350,327

4,018,219
128,635
23,0008,656
80,82229
35,810
341
98
148
130
128
67
808
7,108
4,304,004

TOMONY Holdings, Inc.

(Millions of yen)
As of March 31, 2022
Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

25,00025,972
182,386(1,142)
232,216
7,730
0
1,406
763
9,900
1,215
2,398
245,730
4,596,057

2

As of March 31, 2023
25,00025,890
195,000(595)
245,295(3,251)0
1,423
716(1,111)
1,005
2,167
247,356
4,551,361

TOMONY Holdings, Inc.

(2) Consolidated statements of income and consolidated statements of comprehensive income(Consolidated statements of income)(Millions of yen)
Fiscal year ended
March 31, 2022
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans and bills boughtInterest on deposits with banks
Other interest income
Fees and commissions
Other ordinary income
Other income
Recoveries of written off receivables
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money and bills soldInterest expenses on cash collateral received for
securities lentInterest on borrowings and rediscounts
Other interest expenses
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Provision of allowance for loan losses
Other
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Compensation for forced relocation
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Provision for loss on guarantees
Loss on guarantees
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

3

Fiscal year ended
March 31, 2023
70,33548,02339,573
7,776
(0)
657
17
10,453
9,108
2,750
637
2,112
51,203
1,148
1,062
15
(4)

79,85456,08642,896
12,482(8)681
34
11,186
8,120
4,460
397
4,063
59,174
1,269
987
21
(27)

-

221

68
6
4,019
8,420
34,041
3,573
1,361
2,211
19,132
437
220
217
805
416
175
213
18,764
5,127
388
5,515
13,248186
13,06252
14
4,006
17,073
32,951
3,873
1,675
2,197
20,679
28
28
337
287
46
3
20,371
5,693
304
5,997
14,374205
14,168TOMONY Holdings, Inc.

(Consolidated statements of comprehensive income)(Millions of yen)
Fiscal year ended
March 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

4

Fiscal year ended
March 31, 2023
13,248(9,168)(9,146)
(1)
(20)
4,080

14,374(11,074)(11,028)
0
(47)
3,299

3,951

3,140

128

159

TOMONY Holdings, Inc.

(3) Consolidated statements of changes in equity
Fiscal year ended March 31, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

25,000Retained earnings

25,808

170,751

Cumulative effects of changes
in accounting policies

Total shareholders'equityTreasury shares(1,515)220,043(49)

Restated balance

25,00025,808

170,701(49)(1,515)219,994

Changes during period
Dividends of surplus(1,374)(1,374)

Profit attributable to owners ofparent13,062

13,062

Purchase of treasury shares
Disposal of treasury shares(2)

Change in ownership interestof parent due to transactions
with non-controlling interests
Reversal of revaluation reserve
for land

(202)

(202)

576

574

166

166
(3)

(3)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period-

164

11,684373

12,22225,00025,972

182,386(1,142)

232,216

Accumulated other comprehensive income
Valuationdifference on
availablefor-salesecurities
Balance at beginning of period

16,819Deferred
gains orlosses onhedges1

Revaluation
reserve forland

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights1,402

784

19,007

1,224

Cumulative effects of changes
in accounting policies
Restated balance

16,819

1

1,402

784

19,007

1,224

Noncontrolling Total net assetsinterests

2,907

243,183

(48)

(98)

2,858

243,084

Changes during period
Dividends of surplus(1,374)

Profit attributable to owners ofparent13,062

Purchase of treasury shares(202)

Disposal of treasury shares

574

Change in ownership interestof parent due to transactions
with non-controlling interests
Reversal of revaluation reserve
for land166(3)

Net changes in items otherthan shareholders' equity(9,089)

(1)

3

(20)

(9,107)

(8)

(460)

(9,576)

Total changes during period(9,089)

(1)

3

(2)0

(9,107)

(8)

(460)

2,645

Balance at end of period

7,730

0

1,406

763

9,900

1,215

2,398

245,730

5TOMONY Holdings, Inc.

Fiscal year ended March 31, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

25,000Retained earnings

25,972

182,386

Total shareholders'equityTreasury shares(1,142)

232,216

Changes during period
Dividends of surplus(1,537)(1,537)

Profit attributable to owners ofparent14,168

14,168Purchase of treasury shares
Disposal of treasury shares(10)

Change in ownership interestof parent due to transactions
with non-controlling interests
Reversal of revaluation reserve
for land

(158)

(158)

705

694

(71)

(71)
(16)

(16)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

-

(82)

12,614546

13,07825,00025,890

195,000(595)

245,295

Accumulated other comprehensive income
Valuationdifference on
availablefor-salesecurities
Balance at beginning of period

7,730

Deferred
gains orlosses onhedges0

Revaluation
reserve forland

Remeasurements ofdefinedbenefit plans

Total
accumulated
othercomprehensive
incomeShare
acquisitionrights

1,406

763

9,900

1,215

Noncontrolling Total net assetsinterests

2,398

245,730

Changes during period
Dividends of surplus(1,537)

Profit attributable to owners ofparent14,168Purchase of treasury shares(158)

Disposal of treasury shares

694

Change in ownership interestof parent due to transactions
with non-controlling interests
Reversal of revaluation reserve
for land

(71)
(16)

Net changes in items otherthan shareholders' equity(10,981)

0

16

(47)

(11,011)

(209)

(231)

(11,452)

Total changes during period(10,981)

0

16

(47)

(11,011)

(209)

(231)

1,626

Balance at end of period(3,251)

0

1,423

716

(1,111)

1,005

2,167

247,356

6TOMONY Holdings, Inc.

(4) Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in allowance for loan losses
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for reimbursement ofdeposits
Increase (decrease) in provision for contingent loss
Increase (decrease) in provision for loss on guarantees
Interest income
Interest expenses
Loss (gain) related to securities
Loss (gain) on money held in trust
Foreign exchange losses (gains)
Loss (gain) on disposal of non-current assets
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposits
Net increase (decrease) in negotiable certificates ofdeposit
Net increase (decrease) in borrowed money (excluding
subordinated borrowings)
Net decrease (increase) in due from banks (excluding
due from Bank of Japan)
Net increase (decrease) in call money
Net increase (decrease) in cash collateral received for
securities lent
Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges liabilities
Net decrease (increase) in lease receivables andinvestments in leases
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities

7

Fiscal year ended
March 31, 2023
18,764
2,028
175
(118)
12

20,371
2,050
46
462
12

2

(7)

(376)
(6)

(398)
(0)

(81)

(58)

(9)
213
(48,023)
1,148
(842)
40
(11,729)
196(146,242)
121,350(8)(213)(56,086)
1,269
327
42
(13,230)
258(165,370)
69,57644,522

15,13441,557(162,352)

298

325

(23,000)

23,000

-

8,656

(739)

2,323

5

6

(363)

(522)

48,237(1,298)
6,508
52,232(4,322)
47,91056,001(1,314)
4,340(195,358)(6,054)(201,412)

TOMONY Holdings, Inc.

(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from investing activities
Purchase of securities
Proceeds from sale of securities
Proceeds from redemption of securities
Increase in money held in trust
Decrease in money held in trust
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Purchase of intangible assets
Payments for retirement of non-current assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of subordinated borrowings
Dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Proceeds from disposal of treasury shares
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Repayments of lease liabilities
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

8

Fiscal year ended
March 31, 2023

(239,965)
109,454
101,607(5,545)8,029(1,442)735(309)(27,436)(178,337)
140,254
77,227(12,272)
12,445(1,558)
101
(188)
(194)
37,476(600)(1,370)
(2)
(202)
322

(600)
(1,532)
(2)
(158)
289

(420)

(459)

(101)
(2,375)(100)(2,564)9

11

18,108514,705
532,813(166,489)
532,813366,324