Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the eventof any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended December 31, 2023
[Japanese GAAP]
February 9, 2024
Company name:
Tonami Holdings Co., Ltd.
Stock exchange listing: Tokyo
Code number:
9070
URL:
http://www.tonamiholdings.co.jp
Representative:
Kazuo Takata
President and Representative Director
Contact:
Eizaburo Saito
Executive Officer and General Manager of Finance Department
Telephone:+81-766-32-1073
Scheduled date of submission of quarterly report:
February 9, 2024
Scheduled date of commencing dividend payments:
Preparation of supplementary material on quarterly financial results: No
Schedule of quarterly financial results briefing session:
No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toOperating revenues
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended
December 31, 2023
108,012(0.0)
4,968(16.9)
5,593(15.0)
3,747(17.5)
December 31, 2022
108,045
6.1
5,981
(0.7)
6,580
2.2
4,542
3.2
(Note) Comprehensive income:Nine months ended December 31, 2023:¥4,127 million [(32.0) %]Nine months ended December 31, 2022:¥6,066 million [46.2%]
Basic earnings
per share
Nine months ended
December 31, 2023
December 31, 2022

Diluted earnings pershareYen

Yen

413.51501.30-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
168,442
March 31, 2023
162,511(Reference) Equity: As of December 31, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥

90,74387,86190,022 million
87,298 million

%53.4
53.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

60.00

-

80.00

140.00Fiscal year ending March 31, 2024

-

70.00

70.00

140.00Year-end

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 3rd quarter dividend for the fiscal year ending March 31, 2023 :Ordinary dividend
70.00 yen
Commemorative dividend
10.00 yenTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Operating revenues
Operating profit
Ordinary profit
owners of parent
per share
Millions ofyen%Millions ofyen

Full year
145,000
2.2
7,000(5.2)(Note) Revision to the financial results forecast announced most recently:

7,700
No%

Millions ofyen%Millions ofyen%

Yen

(6.0)

5,200(3.6)

573.86* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation): No(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above:No3) Changes in accounting estimates:
No4) Retrospective restatement:No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023:
9,761,011 shares
March 31, 2023:
9,761,011 shares
2) Number of treasury shares at the end of the period:
December 31, 2023:
693,709 shares
March 31, 2023:
700,010 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
Nine months ended December 31, 2022:

9,063,806 shares
9,061,611 shares※Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or anaudit corporation.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable and contract assets
Inventories
Income taxes refund receivable
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
Investment securities
Distressed receivables
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accountsTotal investments and other assets
Total non-current assets
Total assets

As of December 31, 2023

34,775
1,786
21,533804
561
2,818(136)62,14432,524
1,554
23,160
790
300
3,471
(107)
61,69519,9893,245
44,4338,512
76,18020,3803,484
46,175
9,316
79,356

116
762
879

2,119
991
3,111

17,59236801
93
5,389(606)
23,307
100,366
162,51118,45834844
168
5,391(618)24,279106,746
168,442(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes payable - trade
Trade accounts payable
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Deferred tax liabilities for land revaluation
Provision for retirement benefits for directors (andother officers)
Provision for loss on guarantees
Retirement benefit liability
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of December 31, 2023

1,116
12,953
8,470
607
1,597
1,324
1,475
7,803
35,347

1,224
13,461
8,270
2,868
50
430
787
421
10,03337,547

10,0007,520
3,489

10,0006,734
3,467

219198

63
7,375
4,817
5,816
39,302
74,649

70
7,274
5,327
7,078
40,151
77,69914,182
11,70850,549(2,079)74,36014,182
11,71052,987(2,050)76,829

7,347

7,647

5,782
(191)
12,938562
87,861
162,511

5,732
(186)
13,192721
90,743
168,442Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
Operating revenue
Operating costs
Operating gross profit
Selling, general and administrative expensesOperating profit
Non-operating income
Interest income
Dividend income
Rental income from buildings
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Reversal of allowance for doubtful accounts
Other
Total extraordinary income
Extraordinary losses
Loss on sale of non-current assets
Loss on retirement of non-current assets
Loss on valuation of investment securities
Impairment losses
Loss on extinguishment of tie-in shares
Other
Total extraordinary losses
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

For the nine months
ended December 31, 2023

108,045
96,43011,614
5,633
5,981

108,01297,024
10,987
6,018
4,968

124
287
88

124
322
89

115

102

231
847

206
845

179
41
27
248
6,580

176
13
31
221
5,593

161
34
7
204

141
12977348

6101
0336
22
171
6,612
1,788
222
2,011
4,601
58
4,542

20
61
125
56
11274
5,667
1,520
327
1,848
3,819
71
3,747

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the nine months
ended December 31, 2023

4,601

3,819

1,533(68)

298
5

0

4

1,465
6,066

307
4,127

6,007

4,052

5974