Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2023
(Based on Japanese GAAP)May 11, 2023
Company name:
TAMURA CORPORATION
Stock exchange listing: Tokyo
Stock code:
6768
URL https://www.tamuracorp.com/global/index.html
Representative:President
Masahiro Asada
Inquiries:
Vice President, Corporate Management
Yusaku Hashiguchi
TEL 03-3978-2031
Scheduled date of ordinary general meeting of shareholders:June 28, 2023
Scheduled date to file Securities Report:
June 28, 2023
Scheduled date to commence dividend payments:
June 29, 2023
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:Yes(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(1) Consolidated operating resultsPercentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Year ended March 31, 2023
107,993
22.3
4,829 208.6
4,329 116.3
2,047–
Year ended March 31, 2022
88,32819.5
1,564(20.5)
2,001(16.1)(84)–
Note: Comprehensive income

Year ended March 31, 2023
Year ended March 31, 2022
Earnings per share¥3,875 million [34.7%]¥2,877 million [35.2%]
Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
24.86
4.0
4.0
4.5
–(0.2)
2.1
1.8

Diluted earnings pershareYen25.01(1.02)

Year ended March 31, 2023
Year ended March 31, 2022

Reference: Share of profit (loss) of entities accounted for using equity method

Year ended March 31, 2023
Year ended March 31, 2022

¥341 million¥221 million

Diluted earnings per share for the year ended March 31, 2022 is not presented because net loss per share was recorded for the term while theCompany has dilutive shares.
(2) Consolidated financial position
Total assets
Millions of yen
111,786
104,055

As of March 31, 2023
As of March 31, 2022
Reference: Equity

Net assets

As of March 31, 2023
As of March 31, 2022

Millions of yen
52,91850,221Equity ratio

Net assets per share%
47.1
48.0

Yen
644.49607.89¥52,633 million¥49,937 million(3) Consolidated cash flows

Year ended March 31, 2023
Year ended March 31, 2022

Cash flows fromoperating activities
Millions of yen
2,180(4,949)Cash flows frominvesting activities
Millions of yen(2,642)(4,622)

1

Cash flows fromCash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen
591
13,6204,536
12,887

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2022
Year ended March 31, 2023
Year ending March 31, 2024
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

5.00
5.00

––

5.00
5.0010.00
10.00

821821

–
40.0

1.7
1.6–

5.00

–

5.00

10.00

63.0

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
108,000
0.0
4,600(4.7)
4,100(5.3)
1,300 (36.5)
15.88
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No
No

Restatement of prior period financial statements:(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2023

82,771,473 shares As of March 31, 2022

82,771,473 shares

Number of treasury shares at the end of the period
As of March 31, 2023

1,103,272 shares As of March 31, 2022

622,797 shares

Average number of shares during the period
Year ended March 31, 2023

81,844,870 shares Year ended March 31, 2022

282,139,826 shares

(Reference) Overview of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net SalesYear ended March 31, 2023
Year ended March 31, 2022

Millions of yen
47,824
39,140Operating profit
%
22.2
2.7

Earnings per share

Millions of yen
470
(442)

%
––

Millions of yen
2,374
725

Profit% Millions of yen
227.1
1,844
(42.7)(27)%––

Diluted earnings per share

Yen
22.53
(0.33)

Year ended March 31, 2023
Year ended March 31, 2022

Ordinary profit

Yen
22.39
–

Diluted earnings per share for the year ended March 31, 2022 is not presented because net loss per share was recorded for the term while theCompany has dilutive shares.
(2) Non-consolidated financial position
Total assets
As of March 31, 2023
As of March 31, 2022
Reference: Equity

Net assets

Millions of yen
68,55764,273As of March 31, 2023
As of March 31, 2022

Millions of yen
38,58737,594Equity ratio

Net assets per share%
56.0
58.2

Yen
470.34455.42¥38,411 million¥37,412 million* This report of Summary of Consolidated Financial Results is exempt from audit conducted by certified public accountants or an audit
corporation.
* Explanation of proper use of financial results forecast, and other special matters
Caution concerning forward-looking statements
The forward-looking statements, including the financial results forecast shown in this document, are based on information currently available to
the Company and on certain assumptions deemed to be reasonable by the Company. As such, they do not constitute guarantees by the Companyof future performance. Actual performance and other results may also differ materially due to various factors.
How to obtain a copy of the supplementary material on financial results
The presentation and other materials on the financial results are available on TDnet as well on the Company’s websit.

3Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts

As of March 31, 2023

13,707
1,112
20,816
16581
8,912
2,475
10,7293,419(24)

14,441
1,412
25,149
19706
9,615
2,711
13,364
3,144(26)

61,74670,53723,549(11,392)

24,552(12,376)

Buildings and structures, net

12,157

12,176

Machinery, equipment and vehicles
Accumulated depreciation

18,039(13,738)

19,865(14,655)

4,301

5,210

9,552
(8,130)9,894(8,370)

1,422

1,523

5,313
6,506
(1,774)

5,354
6,868
(2,251)

4,732

4,617

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress

2,471

486

Total property, plant and equipment

30,39929,369

253
342
720

229
236
762

Intangible assets
Goodwill
Leased assets
Other

1,316

1,228

Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts

Total intangible assets

5,054
4,439
381
808
(90)

5,577
3,816
598
743
(83)

Total investments and other assets

10,59210,651

42,30941,249104,055

111,786

Total non-current assets
Total assets

4

(Millions of yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
OtherAs of March 31, 2023

10,6402,631
12,040
803
814
440
76
1,020
30
3,364

10,4793,475
16,546730
852703
149
1,282
59
3,241

Total current liabilities

31,862

37,520Non-current liabilities
Long-term borrowings
Lease liabilities

13,815
3,711

13,532
3,650

Deferred tax liabilities
Retirement benefit liability
Provision for share awards
Provision for share awards for directors (and otherofficers)
Other

1,536
2,517
–

1,192
2,513
8–

4

389

444

Total non-current liabilities

21,97021,348

Total liabilities

53,83358,868

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

11,82917,01918,102(235)

11,82917,02819,326(575)

46,71647,609

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

Total shareholders' equity

195
2,097
927

511
4,105
407

Total accumulated other comprehensive income

3,220

5,024

181
102

176
108

50,221

52,918104,055

111,786

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Net sales
Cost of sales

88,32865,996

107,993
80,565Gross profit

22,332

27,428Selling, general and administrative expenses

20,76722,599Operating profit

1,564

4,829

68
73
221
21
105
413

72
80
341
–
83
235

904

813

394–
73

725
512
75

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Subsidy income
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on reversal of foreign currency translation adjustment
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Impairment losses
Loss on valuation of investment securities
Loss on valuation of shares of subsidiaries and associates
Loss on sale of investment securities
Loss on liquidation of subsidiaries and associates
Total extraordinary losses

468

1,313

2,001

4,329

92–

195
1193

11389

89
503
100
33

97
1,333–
485

075–
5801

1,921

Profit before income taxes

1,210

2,798

Income taxes - current
Income taxes - deferred

916
364

1,244(504)

Total income taxes

1,280

740

Profit (loss)

(69)

2,057

Profit attributable to non-controlling interests

14

10

Profit (loss) attributable to owners of parent

(84)

2,047

6

Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2022
Profit (loss)
Other comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
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

Fiscal year ended
March 31, 2023
(69)

2,057

183
12,44066

316–
1,908(520)

254

113

2,947

1,818

2,877

3,875

2,861

3,850

1524

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7

Consolidated statements of changes in equity
Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

11,829Retained earnings

17,01919,006

Cumulative effects ofchanges in accounting

Total shareholders'equity

Treasury shares(243)

47,61122

policies
Restated balance

11,82917,01919,008(243)

47,613

Changes during period
Dividends of surplus
Profit (loss) attributable toowners of parent

(821)

(821)

(84)

(84)

Purchase of treasury shares
Disposal of treasury shares

(0)

(0)

(0)

98

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period––(906)8(897)

11,82917,01918,102(235)

46,716

Accumulated other comprehensive income

Balance at beginning of period

Valuation

DeferredForeigndifference on
available-for-gains orlosses oncurrencytranslation

sale securities

hedgesadjustment

11(1)

Total
Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

Share

Non-acquisitionrightscontrollinginterests

16294

Total netassets

income(595)

860

275

48,143Cumulative effects ofchanges in accounting
policies
Restated balance211(1)

(595)

860

275

162

94

48,145

Changes during period
Dividends of surplus(821)

Profit (loss) attributable toowners of parent(84)

Purchase of treasury shares(0)

Disposal of treasury shares

8

Net changes in items other183

12,693

66

2,945

198

2,973

Total changes during period

183

12,693

66

2,945

198

2,075

Balance at end of period

195

–

2,097

927

3,220

181

102

50,221than shareholders' equity

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

Capital surplus

11,829Retained earnings

17,019Total shareholders'

Treasury shares

18,102equity(235)

46,716

Changes during period
Dividends of surplus
Profit (loss) attributable toowners of parent

(821)

(821)

2,047

2,047

Purchase of treasury shares
Disposal of treasury shares(1)

Change in ownershipinterest of parent due to(347)

(347)

75

9

transactions with noncontrolling interests

9Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period–

91,224(340)

893

11,82917,02819,326(575)

47,609

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on

Foreigncurrency

available-forsale securities

translation
adjustment

195

2,097

TotalRemeasurements

accumulatedof defined benefit

otherplanscomprehensive

Shareacquisition

Noncontrollingrightsinterests

Total net
assetsincome

927

3,220

181

102

50,221

Changes during period
Dividends of surplus(821)

Profit (loss) attributable toowners of parent

2,047Purchase of treasury shares(347)

Disposal of treasury shares

5

Change in ownershipinterest of parent due totransactions with non-9

controlling interests
Net changes in items otherthan shareholders' equity

316

2,007(520)

1,803(5)51,802

Total changes during period

316

2,007

(520)

1,803

(5)

5

2,696

Balance at end of period

511

4,105

407

5,024

176

108

52,9189

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 lossesIncrease (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for directors (andother officers)
Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for directors(and other officers)
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)

Fiscal year ended
March 31, 2023
1,210
3,361
503
78

2,798
3,915
1,333
261

(17)

28–

8–

4(36)
(155)
(142)
394
(163)

(9)
(13)
(152)
725
198

Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on sale and retirement of non-current assets
Loss on valuation of shares of subsidiaries and associates
Loss on liquidation of subsidiaries and associates
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net

(221)

(341)

(2)
100
80
33
9(2,544)(6,665)913(508)

(1)
–(97)
485
5(3,783)(2,446)400
204

Subtotal(3,772)

3,524Interest and dividends received
Interest paid
Income taxes paid

232
(379)
(1,029)

271
(694)
(920)

Net cash provided by (used in) operating activities(4,949)

2,180

(367)
–
(3,294)
75
(7)
(93)
(492)
72–
(180)
11(346)–50(2,460)
241
(8)
(180)
(267)
34(0)
0(25)

(4,622)(2,642)

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for retirement of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from liquidation of subsidiaries and associates
Loan advances
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities

10

(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Proceeds from sale of treasury shares
Increase Decrease In Money Trust Of Acquisition Of
Treasury Stock
Dividends paid
Dividends paid to non-controlling interests
Purchase of shares of subsidiaries not resulting in change inscope of consolidation
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

Fiscal year ended
March 31, 2023
5,411
4,802
(4,029)
(823)
(0)
0

3,409
165
(827)
(1,006)(0)0–(347)

(817)
(6)

(817)
(7)

–(3)

–27

4,536

591

735

602

Net increase (decrease) in cash and cash equivalents(4,300)732

Cash and cash equivalents at beginning of period

17,187

12,887

Cash and cash equivalents at end of period

12,887

13,62011