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

Consolidated Financial Results
for the Year Ended March 31, 2023
[Japanese GAAP]May 10, 2023
Company name: TERAOKA SEISAKUSHO CO.,LTD.
Stock exchange listing: Tokyo
Code number: 4987
URL: https://www.teraokatape.co.jp
Representative: Kenichi Tsuji
Representative Director & President
Contact: Nobuhisa Ishizaki
Director
Phone: 03-3491-1141
Scheduled date of Annual General Meeting of Shareholders: June 22, 2023
Scheduled date of commencing dividend payments: June 23, 2023
Scheduled date of filing annual securities report: June 23, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 01, 2022 to March 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit (loss) attributable
Net sales
Operating profit (loss)
Ordinary profit (loss)
to shareholders of theparent company
Million yen%
Million yen%
Million yen%
Million yen%
Fiscal year ended
March 31, 2023
19,317(14.2)(1,690)(1,421)(3,607)
March 31, 2022
22,515
3.9
134
4.7
370
50.7
162
78.8
(Note) Comprehensive income:Fiscal year ended March 31, 2023:¥(3,178) million [-%]Fiscal year ended March 31, 2022:¥
398 million [(69.6) %]Basic earnings per Diluted earnings per Rate of return on
share
share
equityOrdinary profit tototal assets ratio

Yen
Yen
%
Fiscal year ended
March 31, 2023
(142.39)(13.2)March 31, 2022
6.42
0.6
(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2023:
Fiscal year ended March 31, 2022:

Operating profit to
net sales ratio

%

%

(4.1)
1.0
¥
¥

(8.8)
0.6
- million- million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2023
March 31, 2022
(Reference) Equity:

Net assets

Million yen

Million yen

32,63037,443As of March 31, 2023:
As of March 31, 2022:

Capital adequacy ratio¥¥

25,70829,08925,708 million
29,089 million

Net assets per share

%

Yen

78.8
77.7

1,014.86
1,148.34(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2023
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

725
(57)

(742)
(3,187)

(266)
109

4,640
4,813

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total

Payoutratio

Total
dividends(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%

March 31, 2022

-

5.00

-

5.00

10.00

253

155.7

0.9

March 31, 2023

-

3.00

-

3.00

6.00

151

-

0.6

-

5.00

-

5.00

10.00

Fiscal year ending
March 31, 2024-

(Forecast)
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 01, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Net sales
Million yen

First half
Full year

9,900
21,000Operating profit% Million yen

4.2
8.7

100
250

Profit attributable to Basic earnings perowners of parent
share

Ordinary profit% Million yen% Million yen

%

Yen

-

-

-

10.66
23.29

140
330

270
590

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): None
(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
March 31, 2023:
26,687,955 shares
March 31, 2022:
26,687,955 shares
2) Number of treasury shares at the end of the period:
March 31, 2023:
1,356,004 shares
March 31, 2022:
1,355,908 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2023:
Fiscal Year ended March 31, 2022:

25,331,988 shares
25,332,253 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 01, 2022 to March 31, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
March 31, 2023
March 31, 2022

Operating profit (loss)

Ordinary profit (loss)

Net income (loss)

Million yen%

Million yen%

Million yen%

Million yen%

18,572
22,076(15.9)
3.6(1,186)
455

20.8

(846)
756

29.8

(7,232)555

18.1

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

Yen

Yen

(285.49)
21.94-(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2023
March 31, 2022
(Reference) Equity:

Net assets

Million yen

27,15135,889As of March 31, 2023:
As of March 31, 2022:

Capital adequacy ratio

Million yen¥¥

21,44928,731
21,449 million
28,731 million

Net assets per share

%

Yen

79.0
80.1

846.75
1,134.18

Table of Contents - Attachments
1. Overview of Operating Results, etc. ...................................................................................................... 2(1) Overview of Operating Results for the Fiscal Year under Review .................................................... 2(2) Overview of Financial Position for the Fiscal Year under Review .................................................... 3(3) Overview of Cash Flows for the Fiscal Year under Review .............................................................. 3(4) Future Outlook ................................................................................................................................... 3
2. Basic Policy on Selection of Accounting Standards .............................................................................. 4
3. Consolidated Financial Statements and Principal Notes ....................................................................... 5(1) Consolidated Balance Sheets ............................................................................................................. 5(2) Consolidated Statements of Income and Comprehensive Income ..................................................... 7(3) Consolidated Statements of Changes in Net Assets ........................................................................... 9(4) Consolidated Statements of Cash Flows ........................................................................................... 11(5) Notes to Consolidated Financial Statements ................................................................................... 12(Notes on going concern assumption) .......................................................................................... 12(Changes in accounting policies) ................................................................................................. 12(Segment information, etc.) .......................................................................................................... 12(Per share information) ................................................................................................................. 12(Significant subsequent events) .................................................................................................... 12

1

1. Overview of Operating Results, etc.
(1) Overview of Operating Results for the Fiscal Year under Review
With regard to the Japanese economy in the fiscal year ended March 31, 2023, despite the gradual recovery of personal
consumption, the environment surrounding the manufacturing industry was very severe due to a significant increase in raw material
and fuel costs against the backdrop of rising resource prices and the rapid depreciation of the yen. The Short-Term Economic Surveyof Enterprises in Japan (Tankan) conducted by the Bank of Japan for March showed that the diffusion index (DI) of sentiment
regarding business conditions among large companies in the manufacturing industry deteriorated for five consecutive terms, downby 6 percentage points from the previous survey. Business confidence in the basic materials sector was low due to the rising raw
material prices, among others, and outlook became increasingly uncertain.
Meanwhile, turning our attention to the global economy, in the US and Europe, while consumer spending was firm, high inflation
weighed on economic recovery, as exemplified by high resource and raw material prices resulting from the prolonged Russian
invasion of Ukraine. In China, where the government reversed its zero-COVID policy, the real GDP grew by 4.5% year on year in
the three months to March for the first time in a year, but the environment surrounding the manufacturing industry there also wasvery severe as consumption of durable goods such as automobiles, consumer electronics, and telecommunications equipment
remained slow in contrast to the growing consumption of services.
Within the context of this economic environment, the Group focused on boosting sales to correct the undershooting of the plan
up to the third quarter. However, net sales declined significantly year on year, as sales of tapes remained sluggish due to a further
slowdown since January 2023 in demand in the Chinese market, one of our target sales markets, as well as lower production of
automobiles and electronic components.
With regards to profits, we improved profitability through price hikes and cost reductions, mainly in selling, general andadministrative expenses, but the profit situation proved extremely challenging, mainly due to the clearance of long-term non-moving
inventory we carried out in the fourth quarter ended March 31, in addition to rising resource prices, the depreciating yen, the ensuingrise in raw material prices and further increases in fuel costs.
The Group also determined that it would be difficult to recover the book value of the non-current assets of PT. TERAOKASEISAKUSHO INDONESIA (hereinafter "PTI"), and recorded an impairment loss of 2,437 million yen on non-current assets as
an extraordinary loss. PTI was established in 2011 and began operations in 2012 as the Group's first overseas factory fully equipped
for integrated production, with the aim of exploring emerging markets with strong demand including ASEAN markets as well as
hedging the risk of a strong yen, which then was at the level of 80 yen to the US dollar. However, in light of changes in the external
environment in recent years including the yen’s rapid weakening and the declining global market share of Japanese electronics
manufacturers, the Group determined that it would be difficult to achieve its initial objectives and thus recorded the impairment
loss as mentioned above. This decision was made based on conservative and careful consideration of future business plans not todefer latent risks to our future growth. PTI will still continue to be strategically utilized as a production base of high importancewithin the Group, including for hedging foreign exchange risks.
As a result, net sales for the fiscal year under review were 19,317 million yen (down 14.2% year on year). Operating loss was
1,690 million yen (operating profit of 134 million yen in the same period of the previous fiscal year). Ordinary loss was 1,421
million yen (ordinary profit of 370 million yen in the same period of the previous fiscal year) despite foreign exchange gains frommonetary claims denominated in foreign currencies of 162 million yen recorded under non-operating income. Loss attributable toshareholders of the parent company was 3,607 million (profit attributable to shareholders of the parent company of 162 million yen
in the same period of the previous fiscal year) due to the recording of the impairment loss on non-current assets of PTI despite therecording of gain on sale of non-current assets of 150 million yen, which was conducted as part of effective utilization of our realestate and replacement of assets.
The Group engages in the manufacture and sale of adhesive tapes. Net sales by product category are as presented below.
(Packing tapes)
Sales at home improvement stores were sluggish due to conservative spending by consumers in light of the rising cost of living.
As a result, the category’s net sales were 2,668 million yen (down 9.2% year on year).
(Electrical insulation and electronic equipment tapes)
Unfavorable market conditions in China and an associated decline in exports to China, as well as to inventory adjustments forlower production of automobiles and electronic components resulted in sluggish sales of electronic equipment tapes. As a result,the category’s net sales were 9,401 million yen (down 22.9% year on year).
(Other industrial tapes)
Although office mail order sales and sales of polyethylene cloth tapes for construction and civil engineering increased year on
year, due to a decrease in sales of tapes for manufacturing processes, the category’s net sales were 7,248 million yen (down 1.8%
year on year).

2

(Reference) Sales performance
Adhesive tapebusinessby category
Packing tapes
Electrical insulationand electronicequipment tapes
Other industrial
tapes(Million yen)

For the fiscal year ended
March 31, 2022
Composition
Net sales
ratio
[268]
13.0%
2,937
[6,063]
12,199For the fiscal year ended
March 31, 2023
Composition
Net sales
ratio
[180]
13.8%
2,668
[5,317]
9,401

54.2%

[344]
32.8%
7,378
[6,675]Total
100.0%
22,515(Note) Figures in brackets [ ] indicate overseas net sales.

[208]
7,248
[5,706]
19,317Year-on-year change
Net saleschangePercentagechange(269)(9.2%)

48.7%(2,798)(22.9%)

37.5%

(130)

(1.8%)

100.0%(3,197)(14.2%)(2) Overview of Financial Position for the Fiscal Year under Review
Total assets at the end of the fiscal year under review were 32,630 million yen, down 12.9%% from the end of the previous fiscal
year.
Current assets were 16,170 million yen, down 11.2% from the end of the previous fiscal year. This was primarily due to a decreasein trade receivables.
Non-current assets were 16,460 million yen, down 14.5% from the end of the previous fiscal year. This was primarily due to therecording of the impairment loss on non-current assets of PTI.
Total liabilities at the end of the fiscal year under review were 6,922 million yen, down 17.1% from the end of the previous fiscal
year.
Current liabilities were 5,060 million yen, down 20.2% from the end of the previous fiscal year. This was primarily due to adecrease in liabilities related to facilities.
Non-current liabilities were 1,861 million yen, down 7.5% from the end of the previous fiscal year. This was primarily due to adecrease in deferred tax liabilities.
Total net assets at the end of the fiscal year under review were 25,708 million yen, down 11.6% from the end of the previous
fiscal year. This was primarily due to the recording of loss attributable to shareholders of the parent company and dividends ofsurplus.
As a result of the above, the capital adequacy ratio was 78.8%. (77.7% at the end of the previous fiscal year).

(3) Overview of Cash Flows for the Fiscal Year under Review
Cash and cash equivalents (hereinafter “cash”) at the end of the fiscal year under review were 4,640 million yen, down 173
million yen from the end of the previous fiscal year.
(Cash flows from operating activities)
Net cash provided by operating activities was 725 million yen (57 million yen used in the previous fiscal year). This was primarily
due to the collection of trade receivables.
(Cash flows from investing activities)
Net cash used in investing activities was 742 million yen (3,187 million yen used in the previous fiscal year). This was primarily
due to purchase of property, plant and equipment.
(Cash flows from financing activities)
Net cash used in financing activities was 266 million yen (109 million yen provided in the previous fiscal year). This wasprimarily due to the payment of dividends.

(4) Future Outlook
The domestic and global economies going forward are expected to remain in their current, uncertain states due to concerns oversoaring resource prices caused by the prolonged Russian invasion of Ukraine, ongoing global inflation and sudden exchange rate
fluctuations while resumption of economic activities accelerates with the subsidence of the COVID-19 pandemic.
Regarding the consolidated full-year financial results forecast for the fiscal year ending March 31, 2024, the Company expects
to record net sales of 21,000 million yen, operating profit of 250 million yen, ordinary profit of 330 million yen, and net profit
attributable to shareholders of the parent company of 590 million yen.
We intend to revise the quantitative targets of the third medium-term business plan announced in May 2021. The details will beannounced by around the end of May.

3

2. Basic Policy on Selection of Accounting Standards
Taking into consideration the comparability between consolidated financial statement periods and comparability between businesses,
the policy of the Group is to prepare financial statements in accordance with the generally accepted accounting principles in Japan for
the time being.
Concerning the application of the International Financial Reporting Standards, the Group’s policy is to take into consideration all
domestic and international circumstances going forward and respond accordingly.

4Consolidated Financial Statements
Consolidated Balance Sheets(Million yen)
As of March 31,2022

As of March 31,2023

AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims operating
Accounts receivable - trade

5,470
1,450

4,820
1,188

1,426

1,684

4,176

2,753

Merchandise and finished goods
Work in process

2,470
1,322

2,327
1,585

Raw materials and supplies
Other

1,165
728

1,469
348

Allowance for doubtful accounts
Total current assets

(9)

(7)

18,202

16,170Non-current assets
Property, plant and equipment
Buildings and structures

14,73515,048

Accumulated depreciation(9,132)(11,025)

Buildings and structures, net

5,603

4,022

Machinery, equipment and vehicles
Accumulated depreciation

23,008(18,646)

23,063(20,230)

4,361

2,832

4,098
269

4,108
269

Accumulated depreciation

(94)

(112)

Leased assets, net

175

157

Construction in progress

177

464

2,303
(1,865)2,388(2,013)438

374

14,854

11,960397

323

Investments and other assets
Investment securities

2,870

3,055

Deferred tax assets
Retirement benefit asset

5
979

947

Other

133

173

Machinery, equipment and vehicles, net
Land
Leased assets

Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets

Total investments and other assets
Total non-current assets
Total assets

5

3,988

4,176

19,24016,46037,44332,630(Million yen)
As of March 31,2022

As of March 31,2023

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating

1,250
2,456

1,047
2,563

Short-term borrowings
Lease liabilities

60
19

21
19

Income taxes payable
Accrued expenses

159
485

40
365

Other

1,909

1,002

Total current liabilities

6,341

5,060

Non-current liabilities
Long-term borrowings

724

703

Lease liabilities
Deferred tax liabilities

171
407

151
291

Provision for repairs
Retirement benefit liability

1
77

6
64

Asset retirement obligations
Long-term accounts payable - other

508
56

512
56

Other

65

74

2,012

1,861

8,353

6,922

Share capital
Capital surplus

5,057
4,643

5,057
4,643

Retained earnings
Treasury shares

17,632(462)

13,822(462)

Total shareholders' equity

26,87023,060

1,098

1,252

622
497

1,012
383

2,219

2,647

29,08925,70837,44332,630Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

6

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year
ended March 31,2022

For the fiscal year
ended March 31,2023

Net sales
Cost of sales

22,51517,704

19,317
16,505Gross profit

4,810

2,812

Selling, general and administrative expenses

4,675

4,502

Operating profit (loss)

134(1,690)Non-operating income
Interest income

28Dividend income
Foreign exchange gains

72
435

83
345

Real estate lease revenue
Other

14
82

63
69

Total non-operating income

606

569

Non-operating expenses
Interest expenses

3

7

Rental expenses on real estateCommission expenses

25
259

46
182

Other

83

63

Total non-operating expenses

371

301

370

(1,421)

Ordinary profit (loss)
Extraordinary income
Gain on sale of investment securities

3

3

Gain on sale of non-current assets-

150

Total extraordinary income

3154

Extraordinary losses
Impairment losses

-

2,437

Total extraordinary losses

-

2,437

Profit (loss) before income taxes

373(3,704)

Income taxes - current

184

21

Income taxes - deferred

26

(118)

Total income taxes

211

(97)

Profit (loss)

162(3,607)--162(3,607)

Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to shareholders of the parent
company7

Consolidated Statements of Comprehensive Income(Million yen)
For the fiscal year
ended March 31,2022
Profit (loss)
Other comprehensive income

For the fiscal year
ended March 31,2023
162(3,607)

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

(41)
360

153
389

Remeasurements of defined benefit plans, net of tax

(83)

(114)

Total other comprehensive income

235

428

Comprehensive income

398(3,178)Comprehensive income attributable toComprehensive income attributable to shareholders of
the parent company
Comprehensive income attributable to shareholders of
the parent company

398(3,178)--8

Consolidated Statements of Changes in Net Assets

For the fiscal year ended March 31,2022(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit (loss)
attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period5,057

Capital surplus

Retained earnings

4,643

17,824

Treasury shares(462)

Total shareholders'equity27,062

(354)

(354)

162

162

(0)

(0)

-

-

(191)

(0)

(192)

5,057

4,643

17,632(462)

26,870

Accumulated other comprehensive income
Valuation difference Foreign currency
on available-for-saletranslation
securities
adjustment
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit (loss)
attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period1,140

Remeasurements ofdefined benefit
plans

Total accumulated
othercomprehensive
income

581

1,983

262

Total net assets

29,046

(354)
162
(0)
(41)

360

(83)

235

235

(41)

360

(83)

235

43

1,098

622

497

2,219

29,0899For the fiscal year ended March 31,2023(Million yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit (loss)
attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period5,057

Capital surplus

Retained earnings

4,643

17,632

Treasury shares(462)

Total shareholders'equity26,870

(202)

(202)

(3,607)(3,607)

(0)

(0)

-

-

(3,809)(0)(3,809)

5,057

4,643

13,822(462)

23,060

Accumulated other comprehensive income
Valuation difference Foreign currency
on available-for-saletranslation
securities
adjustment
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit (loss)
attributable toshareholders of theparent company
Purchase oftreasury shares
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period1,098

Remeasurements ofdefined benefit
plans

Total accumulated
othercomprehensive
income

497

2,219

622

Total net assets

29,089(202)(3,607)
(0)
153

389

(114)

428

428

153

389

(114)

428

(3,381)

1,252

1,012

383

2,647

25,70810

Consolidated Statements of Cash Flows(Million yen)
For the fiscal year
ended March 31,2022
Cash flows from operating activities
Profit (loss) before income taxes

For the fiscal year
ended March 31,2023

373(3,704)

1,086
-

1,389
2,437

Loss on retirement of non-current assets
Loss (gain) on sale of investment securities

6
(3)

2
(3)

Loss (gain) on sale of non-current assets
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for environmental
measures
Increase (decrease) in retirement benefit liability

0

(150)
(2)

(74)

-

(158)

(182)

Interest and dividend income
Interest expenses

(74)
3

(91)
7

Foreign exchange losses (gains)
Decrease (increase) in trade receivables

(263)
28

(264)
1,462

Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase/decrease in consumption taxes
payable/consumption taxes refund receivable
Other, net

(621)
(65)

(320)
(136)

(338)

432

Depreciation
Impairment losses

95

(23)

Subtotal(5)852Interest and dividends received
Interest paid

74
(3)

91
(7)

Income taxes refund (paid)

(123)

(210)

Net cash provided by (used in) operating activities

(57)

725

(2,986)(1,479)

(1)

-

-

162

18

-

(321)
(4)

(0)
(4)

17
89

35
544

(3,187)(742)

Cash flows from investing activities
Purchase of property, plant and equipment
Payments for retirement of property, plant andequipment
Proceeds from sale of property, plant and equipment
Proceeds from earnest related sales of property, plantand equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Decrease (increase) in time deposits
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings

(82)

(23)

Proceeds from long-term borrowings
Repayments of long-term borrowings

570
(3)

(21)

Dividends paid
Purchase of treasury shares

(354)
(0)

(202)
(0)

Other, net

(19)

(19)

109

(266)

168

109

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(2,967)(173)

Cash and cash equivalents at beginning of period

7,780

4,813

Cash and cash equivalents at end of period

4,813

4,640

11

(5) Notes to Consolidated Financial Statements(Notes on going concern assumption)
Not applicable.
(Changes in accounting policies)(Application of the Accounting Standard for Fair Value Measurement and Other Standards)
The Company has applied the “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ
Guidance No. 31, June 17, 2021; hereinafter “Fair Value Measurement Guidance”) from the beginning of the fiscal year underreview, and will prospectively apply the new accounting policies stipulated by the Fair Value Measurement Guidance inaccordance with the transitional treatment provided in Paragraph 27-2 of the Fair Value Measurement Guidance. This did notaffect the consolidated financial statements.
(Segment information, etc.)
As the Group’s business consists of a single segment, manufacture and sale of adhesive tapes, segment information is omitted.
(Per share information)
Net assets per share, and basic earnings per share with the basis for calculation are as follows.

As of March 31, 2022
(1) Net assets per share¥ 1,148.34

Fiscal year ended
March 31, 2022
(2) Basic earnings (loss) per share¥6.42(Calculation basis)
Profit (loss) attributable to shareholders of theparent company on consolidated statements of162
income (Million yen)
Profit not attributable to common shareholders—(Million yen)
Profit (loss) attributable to shareholders of theparent company related to common stock
162(Million yen)
Average number of shares of common stock
25,332,253
during the period (Shares)(Note) Diluted profit per share is not presented because there are no potential shares.
(Significant subsequent events)
Not applicable.

12

As of March 31, 2023
¥ 1,014.86

Fiscal year ended
March 31, 2023(¥142.39)(3,607)—(3,607)25,331,988