Summary of Consolidated Financial Results for the Fiscal Year Ended May 31, 2023
(From June 1, 2022 to May 31, 2023)[Japanese GAAP]
July 11, 2023
Company Name:ERI Holdings Co., Ltd.
Stock Exchange Listing:Tokyo
Securities Code:6083
URL: https://www.h-eri.co.jp/
Representative:
Toshihiko Umano, President, CEO and COO
For Inquiries, Contact:
Seiichiro Matsumura, Head of Finance and Accounting GroupTEL:(03)5770-1520
Planned Annual Shareholders’ Meeting Date:
August 30, 2023
Planned Date for Submission of Annual Securities Report:
August 30, 2023
Planned Starting Date for Dividend Payments:
July 31, 2023
Supplementary documents for financial results:
Yes
Financial Results briefing:
Yes (for institutional investors and securities analysts)(Amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended May 31, 2023 (June 1, 2022 – May 31, 2023)(1) Consolidated Financial Results (Cumulative)(% indicates year-on-year change)
Net Sales

Operating Profit

Profit Attributable toOwners of Parent

Ordinary Profit

million yen%

million yen%million yen%million yen%

FY 5/2023

17,410

7.8

2,326

20.9

2,340

17.8

1,533

24.9

FY 5/2022

16,14812.2

1,924

377.8

1,986

318.7

1,228363.9(Note) Comprehensive Income

FY 5/2023: 1,541 million yen (24.6 %)Profitper Share

DilutedProfit per ShareFY 5/2022: 1,237 million yen (358.9 %)Return on Equity(ROE)

Ordinary Profit /Total Assets

Operating Profit /Net Sales

Yenyen%%%FY 5/2023

197.80

–

34.0

24.1

13.4

FY 5/2022

156.83

–

35.2

26.4

11.9(Reference) Equity in profits(losses) of affiliates

FY 5/2023: – million yen

FY 5/2022: – million yen(2) Consolidated Financial Position
Total Assets

Net Assets

Shareholders’ Equity Ratio

Net Assets per Sharemillion yen

million yen%Yen

FY 5/2023

10,860

5,078

46.4

653.01FY 5/2022

8,574

4,024

46.5

508.61(Reference) Shareholders’ Equity

FY 5/2023: 5,037 million yen

FY 5/2022: 3,983 million yen(3) Consolidated Cash Flows
Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Cash and Cash
Equivalents, End of Yearmillion yen

million yen

million yen

million yen

FY 5/2023

1,394(562)

563

6,279

FY 5/2022

2,41552(210)4,883

2. Dividends
Dividends per Share
End of Q1

End of Q2

End of Q3

Fiscal Year
End

Total
Dividends(Annual)AnnualDividend
Payout Ratio(Consolidated)

Dividend /Net Assets(Consolidated)

yen

yen

yen

yen

yen

million yen%%

FY 5/2022

–

15.00

–

25.00

40.00

313

25.5

9.0

FY 5/2023

–

20.00

–

40.00

60.00

462

30.3

10.3

FY 5/2024(Forecast)

–

30.00

–

30.00

60.00

30.13. Consolidated Financial Forecasts for the Fiscal Year Ending May 31, 2024 (June 1, 2023– May 31, 2024)(% indicates year-on-year change)

Net Sales

FY 5/2024

Operating Profit

Profit Attributable toOwners of Parent

Ordinary Profit

Profitper Share

million yen%

million yen%million yen%million yen%

yen

18,500

6.3

2,400

3.2

2,400

2.6

1,540

0.4

199.64* Notes(1) Changes in significant subsidiaries during the term under review (changes in subsidiaries via share exchange causing a change
in the scope of consolidation): None
(2) Accounting policies, changes in accounting estimates and errors(i) Changes in accounting policies associated with the revision of accounting standards, etc.:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatements:(4) Number of shares issued (common stock)(i) Shares Outstanding (incl. treasury stock):(ii)

Treasury Stock:(iii) Average Number of Shares Outstanding

FY 5/2023
FY 5/2022
FY 5/2023
FY 5/2022
FY 5/2023
FY 5/2022

None
None
None
None

7,832,400 shares
7,832,400 shares118,682 shares
122 shares
7,754,628 shares
7,832,292 shares* This report is not subject to audit by certified public accountant or audit firm.
* Cautionary statement with respect to forward-looking statements, and other information.
The performance projections in this report are based on information currently available and significantly include uncertainty.
Actual result may differ materially from these projections due to various factors.

Summary of Financial Results for the Fiscal Year Ended May 31, 2023
ERI Holdings Co., Ltd. (Securities Code 6083)

Consolidated Financial Statements(1) Consolidated Balance Sheet(Unit: thousand yen)Previous fiscal year
(As of May 31, 2022)
AssetsCurrent assets
Cash and deposits
Accounts receivable-trade and contract assets
Work in process
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Accumulated impairment
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Accumulated impairment
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Accumulated impairment
Leased assets, net
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Guarantee deposits
Deferred tax assets
Other
Total investments and other assets
Total non-current assets
Total assets

Reporting fiscal year
(As of May 31, 2023)

4,910,038
1,061,643
248,110
264,355
6,484,149

6,408,686
1,344,333
259,633
313,980
8,326,633

384,626(141,934)(8,331)
234,360
346,237(259,399)(149)
86,68892,736
164,020(86,583)(13,620)
63,815
10,491(8,670)1,821
479,423

600,195(283,055)(8,331)
308,808
418,569(320,406)(149)
98,014
301,324
185,476(116,978)(13,620)54,87752,992(45,962)7,029
770,054

296,055
357,136
1,694
654,886

271,013368,9622,426
642,4021,026
461,870
470,661
22,895
956,454
2,090,764
8,574,913

124,670
466,176355,956
175,021
1,121,825
2,534,282
10,860,916

Summary of Financial Results for the Fiscal Year Ended May 31, 2023
ERI Holdings Co., Ltd. (Securities Code 6083)(Unit: thousand yen)Previous fiscal year
(As of May 31, 2022)
Liabilities
Current liabilities
Short-term borrowings
Current portion of long-term borrowings
Accounts payable – otherAccrued expenses
Income taxes payable
Contract liabilities
Lease obligations
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Long-term accounts payable – other
Deferred tax liabilities
Lease obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury sharesTotal shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

Reporting fiscal year
(As of May 31, 2023)

137,100
253,515
1,153,991
715,255
810,181
34,437
250,453
3,354,934

84,296269,100
462,730
977,689
261,577
1,035,588
41,287
220,640
3,352,910

851,225
58,292
189,307619
43,492
52,045
1,194,983
4,549,918

1,961,537
65,675300,974
25,35824,36952,045
2,429,960
5,782,870

992,784
42,236
2,948,718(127)
3,983,611

992,784
42,2364,129,521(128,910)
5,035,631

-

1,487

41,383
4,024,995
8,574,913

1,487
40,926
5,078,045
10,860,916

Summary of Financial Results for the Fiscal Year Ended May 31, 2023
ERI Holdings Co., Ltd. (Securities Code 6083)(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income(Unit: thousand yen)Previous fiscal year
(From June 1, 2021
to May 31, 2022)
Net sales
Cost of sales
Gross profitSelling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income of insuranceCommission income
Surrender value of insurance policies
Insurance claim income
Rent revenue
Guarantee commission received
Subsidy income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Miscellaneous loss
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on investments in silent partnerships
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Loss on cancellation of leases
Retirement benefits for officers
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

Reporting fiscal year
(From June 1, 2022
to May 31, 2023)

16,148,259
10,584,830
5,563,429
3,638,811
1,924,617

17,410,527
11,053,148
6,357,378
4,031,235
2,326,142

76
4,694
3,291
25,911
16,880
5,705
8,060
5,575
70,196

192
7,185
1,182
188
7,199
4,098
1,786
4,639
2,486
28,959

8,387
150
8,538
1,986,275

13,776
1,167
14,9442,340,157

117,101
117,101452
14,501
14,954677
26
84,02484,7282,018,649
848,950(67,029)
781,920
1,236,728
8,382
1,228,345

500
2,675
3,175
2,351,936
688,514
123,802812,317
1,539,619
5,734
1,533,884

Summary of Financial Results for the Fiscal Year Ended May 31, 2023
ERI Holdings Co., Ltd. (Securities Code 6083)

Consolidated Statement of Comprehensive Income(Unit: thousand yen)Previous fiscal year
(From June 1, 2021
to May 31, 2022)
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable toowners of parent
Comprehensive income attributable tonon-controlling interests

Reporting fiscal year
(From June 1, 2022
to May 31, 2023)

1,236,728

1,539,619

441
441
1,237,169

1,489
1,489
1,541,109

1,228,774

1,535,372

8,395

5,736

Summary of Financial Results for the Fiscal Year Ended May 31, 2023
ERI Holdings Co., Ltd. (Securities Code 6083)(3) Consolidated Statement of Cash Flows(Unit: thousand yen)Previous fiscal year
(From June 1, 2021
to May 31, 2022)
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Gain on bargain purchase
Interest income
Interest expenses
Loss (gain) on sale of non-current assets
Loss on cancellation of leases
Loss (gain) on valuation of investment securities
Subsidy income
Surrender value of insurance policies
Loss (gain) on investments in silent pertnerships
Decrease (increase) in trade receivables andcontract assets
Decrease (increase) in inventories
Increase (decrease) in accounts payable - other
Increase (decrease) in long-term accounts
payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in contract liabilities
Increase (decrease) in deposits received
Other, net
SubtotalInterest and dividends received
Interest paid
Payments for cancellation of leases
Subsidies received
Income taxes (paid) refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Purchase of non-current assets
Proceeds from sale of non-current assets
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Proceeds from cancellation of insurance funds
Proceeds from withdrawal of investments insilent partnerships
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term borrowings
Repayments of long-term borrowings
Dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

Reporting fiscal year
(From June 1, 2022
to May 31, 2023)

2,018,649
199,42075,543
(76)
8,387
26
677
(8,060)(25,911)(117,101)

2,351,936
215,297
79,523(14,501)(192)
13,776(452)
500(4,639)(188)-(159,093)(94,573)

172,009(33,824)(11,522)
91,33484,024(14,445)

369,148
40,7901,214
26,4722,652,295
81(8,305)(192)
8,060(236,885)
2,415,054(212,238)
176,078(388)
86,332
2,661,636
194(15,288)
(500)
4,639
(1,255,752)
1,394,929-(79,758)-(347,378)(83,334)(2,493)
3,848
63,987(118,733)
29,873(13,005)
5,762-

95,410-(25,215)
52,204(39,372)(562,611)

200,000(137,100)(234,048)(2,700)(54)(36,515)(210,418)
2,256,839
2,626,384
4,883,224

1,374,000(285,755)(349,342)(9,194)(128,783)(37,056)
563,867
1,396,184
4,883,224
6,279,408