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 Three Months Ended June 30, 2024
(Based on Japanese GAAP)
Company name:

Stock exchange listing: Tokyo
Stock code:
6768
Representative:
Inquiries:

August 5, 2024

TAMURA CORPORATION
URL

https://www.tamuracorp.com/global/index.html

Representative Director, President & CEO
Director, Executive Vice President & CFO

Masahiro Asada
Yusaku Hashiguchi

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–No

Holding of financial results meeting:

NoPhone+81-3-3978-2111(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2024
Three months ended June 30, 2023

Millions of yen24,44624,498

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(0.2)
1,093
76.2
1,415
93.1
798
–
2.2
620
(8.4)
732
5.8
26 (83.4)

Earnings per share

Diluted earnings per share
Yen
9.76
0.32

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen
9.71
0.32

(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
115,861
114,843Equity ratio

Millions of yen
59,996
57,796

%
51.6
50.1

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
5.00

Yen–

Yen
5.00

Yen
10.00

5.00

–

5.00

10.00

Year ending March 31, 2025 (Forecast)Total

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

14. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) 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:
Changes in accounting policies due to other reasons:

NoYes *

Changes in accounting estimates:
Restatement of prior period financial statements:

No
No* The company has changed its accounting policy regarding deferred hedge accounting for forward foreign exchange contracts. This change has
been effective since the first quarter of the current fiscal year, and the company has applied the principle method. It's important to note that thischange in accounting policy has not been applied retrospectively, as the impact on prior periods is immaterial.
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

82,771,473 shares As of March 31, 2024

82,771,473 shares

Number of treasury shares at the end of the period
As of June 30, 2024

1,021,193 shares As of March 31, 2024

1,021,030 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

81,750,280 shares Three months ended June 30, 2023281,669,962 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits

17,481

19,505

Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating

26,824699

24,096754

Merchandise and finished goods
Work in process

8,026
2,524

8,340
2,759

Raw materials and supplies
Other

13,286
2,989

12,855
3,388

(22)

(22)

71,80971,678

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

25,25625,733

Accumulated depreciation(13,408)(13,838)

Buildings and structures, net

11,848

11,895

Machinery, equipment and vehicles

21,333

21,972

Accumulated depreciation(15,564)(16,092)

5,769

5,879

Tools, furniture and fixtures

10,532

10,768

Accumulated depreciation(8,778)(8,947)

Tools, furniture and fixtures, net

Machinery, equipment and vehicles, net

1,754

1,820

Land

5,395

5,413

Leased assets
Accumulated depreciation

6,945(2,663)

7,463(2,990)

Leased assets, net

4,281

4,472

Construction in progress

802

862

29,851

30,345

Goodwill
Leased assets

203
161

198
192

Other740

728

1,106

1,119

7,091
3,914

7,762
3,909

Deferred tax assets
Other515
639

411
722

Allowance for doubtful accounts

(85)

(86)

Total investments and other assets

12,075

12,718

Total property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset

Total non-current assets
Total assets

343,033

44,183

114,843

115,861(Millions of yen)
As of March 31, 2024

As of June 30, 2024

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

8,600
3,841

8,830
3,646

Short-term borrowings
Current portion of long-term borrowings

16,152
2,324

15,9854,330

Lease liabilities
Income taxes payable

816
566

878
409

Contract liabilities
Provision for bonuses

201
1,234

238
553

Provision for bonuses for directors (and other officers)
Other38
3,501

16
3,657

Total current liabilities

37,27838,547Non-current liabilities
Long-term borrowings

11,237

8,262

Lease liabilities
Deferred tax liabilities

3,368
2,022

3,554
2,256

Retirement benefit liability
Provision for share awards

2,496
21

2,593
24

6

7615

619

19,76817,31857,04655,865

Share capital
Capital surplus

11,82917,032

11,82917,032Retained earnings
Treasury shares

20,745(543)

21,711(543)

Total shareholders' equity

49,06450,030

Provision for share awards for directors (and otherofficers)
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

1,191

1,179

Foreign currency translation adjustment
Remeasurements of defined benefit plans

6,020
1,263

7,306
1,223

Total accumulated other comprehensive income

8,475

9,710

141
114

141
113

57,79659,996

114,843

115,861

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

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Net sales

24,49824,446

Cost of sales

18,045

17,432Gross profit

6,452

7,014

Selling, general and administrative expenses

5,832

5,920

Operating profit

620

1,093

Non-operating income
Interest income

1324

Dividend income
Foreign exchange gains

60
131

28
166

Share of profit of entities accounted for using equity method
Other

80
84

157
213

Total non-operating income

371

590

230

254

Non-operating expenses
Interest expenses
Other28

13

Total non-operating expenses

258

268

732

1,415

Ordinary profit
Extraordinary income
Gain on sale of non-current assets

01

Gain on sale of investment securities

9–

Total extraordinary income

10

120
2

4–

Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on sale of investment securities

224

Profit before income taxes

Total extraordinary losses

720

1,412

Income taxes - current
Income taxes - deferred

259
430

253
364

Total income taxes

690

617

Profit29795

Profit (loss) attributable to non-controlling interests

3(2)Profit attributable to owners of parent

26798

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Profit29795

Other comprehensive income
Valuation difference on available-for-sale securities

221(12)Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

369
(14)

1,137
(39)

Share of other comprehensive income of entities accounted
for using equity method

54151

Total other comprehensive income

631

1,236

661

2,031

660

2,0320(0)Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6