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, 2024
(Based on Japanese GAAP)May 10, 2024
Company name:
TAMURA CORPORATION
Stock exchange listing: Tokyo
Stock code:
6768
URL https://www.tamuracorp.com/global/index.html
Representative:
Representative Director, President & CEO
Masahiro Asada
Director, Managing Executive Officer &Inquiries:
Yusaku Hashiguchi
Phone +81-3-3978-2111
CFO
Scheduled date of ordinary general meeting of shareholders:June 26, 2024
Scheduled date to file Securities Report:
June 26, 2024
Scheduled date to commence dividend payments:
June 12, 2024
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, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
Percentages 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, 2024
106,622
(1.3)
4,940
2.3
4,956
14.5
2,240
9.4
Year ended March 31, 2023
107,993
22.3
4,829 208.6
4,329 116.3
2,047–
Note: Comprehensive income

Year ended March 31, 2024
Year ended March 31, 2023
Earnings per share¥5,698 million [47.0%]¥3,875 million [34.7%]Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%
27.27
4.1
4.4
4.6
24.86
4.0
4.0
4.5

Diluted earnings pershareYen
27.42
25.01

Year ended March 31, 2024
Year ended March 31, 2023

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

Year ended March 31, 2024
Year ended March 31, 2023

¥250 million¥341 million(2) Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023
Reference: EquityNet assets

Millions of yen114,843
111,786
As of March 31, 2024
As of March 31, 2023

Millions of yen
57,79652,918Equity ratio

Net assets per share%
50.1
47.1

Yen
703.85644.49¥57,540 million¥52,633 million(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows fromoperating activities
Millions of yen
9,505
2,180

Cash flows frominvesting activities
Millions of yen(2,667)(2,642)

1

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(4,012)
16,992591
13,6202. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(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
5.00

10.00
10.00

821
822

40.0
36.5

1.6
1.5

–

5.00

–

5.00

10.00

24.0

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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
112,000
5.0
5,200
5.3
5,000
0.9
3,400
51.7
41.60
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(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, 2024

82,771,473 shares As of March 31, 2023

82,771,473 shares

Number of treasury shares at the end of the period
As of March 31, 2024

1,021,030 shares As of March 31, 2023

1,103,272 shares

81,722,450 shares Year ended March 31, 2023

81,844,870 shares

Average number of shares during the period
Year ended March 31, 20242

(Reference) Overview of non-consolidated financial results
Non-consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net SalesYear ended March 31, 2024
Year ended March 31, 2023

Millions of yen
45,96047,824

Operating profit% Millions of yen
(3.9)
(221)
22.2
470

Earnings per share%––

Millions of yen
1,992
2,374

Profit% Millions of yen(16.1)
788
227.1
1,844%(57.3)–

Diluted earnings per share

Yen
9.64
22.53

Year ended March 31, 2024
Year ended March 31, 2023

Ordinary profit

Yen
9.59
22.39

(2) Non-consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023
Reference: Equity

Net assets

Millions of yen
68,01068,557
As of March 31, 2024
As of March 31, 2023

Millions of yen
39,22538,587

Equity ratio

Net assets per share%
57.5
56.0

Yen
478.09470.34¥39,083 million¥38,411 million* This report of Summary of Consolidated Financial Results is exempt from audit conducted by certified public accountants or an auditcorporation.
* 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 tothe 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, 2023
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, 2024

14,441
1,412
25,149
19
706
9,615
2,711
13,364
3,144(26)

17,481
1,503
25,317
2
699
8,026
2,524
13,2862,989(22)70,53771,80924,552(12,376)

25,256(13,408)

Buildings and structures, net

12,176

11,848

Machinery, equipment and vehicles
Accumulated depreciation

19,865(14,655)

21,333(15,564)

5,210

5,769

9,894(8,370)

10,532(8,778)

1,523

1,754

5,354
6,868
(2,251)

5,395
6,945
(2,663)

4,617

4,281

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
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets

486

802

29,36929,851

229
236
762

203
161
740

1,228

1,106

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

5,577
3,816
598
743
(83)

7,091
3,914
515
639
(85)

Total investments and other assets

10,651

12,07541,24943,033

111,786

114,843

Total non-current assets
Total assets

4

(Millions of yen)
As of March 31, 2023
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, 2024

10,4793,475
16,546
730
852
703
149
1,282
59
3,241

8,600
3,841
16,152
2,324
816
566
201
1,234
38
3,501

Total current liabilities

37,52037,278Non-current liabilities
Long-term borrowings
Lease liabilities

13,532
3,650

11,237
3,368

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

1,192
2,513
8

2,022
2,496
21

46444

615

Total non-current liabilities

21,34819,768

Total liabilities

58,86857,046

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

11,82917,02819,326(575)

11,82917,032
20,745(543)

47,60949,064

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

Total shareholders' equity

511
4,105
4071,191
6,020
1,263

Total accumulated other comprehensive income

5,024

8,475

176
108

141
114

52,91857,796

111,786

114,843

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, 2023

Fiscal year ended
March 31, 2024

Net sales
Cost of sales

107,993
80,565

106,622
77,866Gross profit

27,42828,756

Selling, general and administrative expenses

22,59923,816

Operating profit

4,829

4,940

72
80
341
–
83
235

96
241
250
33
121
351

813

1,094

725
512
75

990
–
88

1,313

1,078

4,329

4,956

195
1193
–

972–
2389

84

97
––

47
2975

Impairment losses
Loss on valuation of shares of subsidiaries and associates
Loss on liquidation of subsidiaries and associates

1,333
485
5––
–

Total extraordinary losses

1,921

1,025

Profit before income taxes

2,798

4,015

Income taxes - current
Income taxes - deferred

1,244
(504)

1,252
520

740

1,773

2,057

2,2421012,047

2,240

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Subsidy income
Other
Total 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
Gain on sale of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on sale of investment securities
Retirement benefit expenses

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent6Consolidated statements of comprehensive income(Millions of yen)
Fiscal year ended
March 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method

Fiscal year endedMarch 31, 2024
2,057

2,242

316
1,908(520)

680
1,787
856

113

131

1,818

3,456

Comprehensive income

3,875

5,698

Comprehensive income attributable toComprehensive income attributable to owners of parent

3,850

5,692

246

Total other comprehensive income

Comprehensive income attributable to non-controllinginterests

7

Consolidated statements of changes in equity
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'equity

Treasury shares

18,102(235)

46,716

Changes during period
Dividends of surplus

(821)

(821)

Profit (loss) attributable toowners of parent

2,047

2,047

Purchase of treasury shares
Disposal of treasury shares

(1)

(347)

(347)

7

5

Change in ownershipinterest of parent due totransactions with non-99controlling interests
Net 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

ValuationForeign

difference on
available-for-currencytranslation

sale securities

adjustment

195

2,097

Total
Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

Share

Non-acquisitionrightscontrollinginterests

181

102

Total net
assetsincome927

3,220

50,221

Changes during period
Dividends of surplus(821)

Profit (loss) attributable to2,047

owners of parent
Purchase of treasury shares(347)

Disposal of treasury shares

5

Change in ownershipinterest of parent due to9transactions with noncontrolling interests
Net changes in items other316

2,007(520)

1,803

Total changes during period316

2,007(520)

1,803

(5)

5

2,696

Balance at end of period

511

4,105

407

5,024

176

108

52,918than shareholders' equity

8(5)

5

1,802

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

Capital surplus

11,829Retained earnings

17,028

Total shareholders'equity

Treasury shares

19,326(575)

47,609Changes during period
Dividends of surplus

(821)

(821)

Profit (loss) attributable toowners of parent

2,240

2,240

Purchase of treasury shares
Disposal of treasury shares

4(0)

(0)

32

36

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

–

4

1,418

32

1,455

11,82917,032

20,745(543)

49,064

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on

Foreigncurrency

available-forsale securities

translation
adjustment

511

4,105

Total
Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

Shareacquisition

Noncontrollingrightsinterests

Total net
assetsincome

407

5,024

176

108

52,918Changes during period
Dividends of surplus(821)

Profit (loss) attributable toowners of parent

2,240

Purchase of treasury shares(0)

Disposal of treasury shares

36

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

680

1,914

856

3,451(34)

6

3,423

680

1,914

856

3,451(34)

6

4,878

1,191

6,020

1,263

8,475

141

114

57,796

9

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (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, 2024
2,798
3,915
1,333
261

4,015
3,940–(47)28(21)

8124

1(9)
(13)
(152)
725
198

(5)
954
(337)
990
25

Share of loss (profit) of entities accounted for using equity
methodLoss (gain) on sale of investment securities
Loss (gain) on sale and retirement of non-current assets
Loss on valuation of shares of subsidiaries and associates
Loss (gain) on sale 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

(341)

(250)

(1)(97)
485–
5(3,783)(2,446)400
204(70)
37–
(2)
–
709
2,915
(1,959)502

Subtotal

3,524

11,411

Interest and dividends received
Interest paid
Income taxes paid

271
(694)
(920)

505
(994)
(1,415)

Net cash provided by (used in) operating activities

2,180

9,505

–
50(2,460)
241
(8)
(180)
(267)
3
4(0)
0(25)

(90)
459
(2,993)
98
(3)
(87)
(510)
235
–
(0)
184
40(2,642)(2,667)

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, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowingsProceeds 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

Fiscal year ended
March 31, 2024
3,409
165
(827)
(1,006)(0)0(1,298)151(1,071)(968)(0)
0(347)

–

(817)
(7)

(819)
(6)

(3)

–

27

–

Net cash provided by (used in) financing activities

591(4,012)

Effect of exchange rate change on cash and cash equivalents

602

547

Net increase (decrease) in cash and cash equivalents

732

3,372

Cash and cash equivalents at beginning of period

12,887

13,620Cash and cash equivalents at end of period

13,62016,99211