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 Nine Months Ended December 31, 2022
(Based on Japanese GAAP)
February 3, 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
Scheduled date to file Quarterly Securities Report:
February 14, 2023
Scheduled date to commence dividend payments:–Preparation of supplementary material on quarterly financial results: No
Holding of quarterly financial results meeting:
NoTEL

03-3978-2031(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
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%
Nine months ended December 31, 2022
78,32625.3
3,144 612.7
2,527 248.1
1,981–
Nine months ended December 31, 2021
62,49219.5
441 (42.3)
726 (26.7)(479)–Earnings per share

Diluted earnings per share

Yen
24.19(5.84)

Nine months ended December 31, 2022
Nine months ended December 31, 2021

Yen
24.04
–

(2) Consolidated financial position
Total assets
As of December 31, 2022
As of March 31, 2022

Net assets

Millions of yen
118,166
104,055

Equity ratio

Millions of yen
55,14250,221

%
46.4
48.0

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.00
5.00

Yen––

Yen
5.00

Yen
10.00

5.00

10.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
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
105,000
18.9
4,500 187.6
3,900
94.9
2,700–
32.87

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo
No

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

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 December 31, 2022

1,103,100 shares As of March 31, 2022

622,797 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2022

81,902,655 shares Nine months ended December 31, 2021

282,139,182 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and 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 December 31, 2022

13,707
21,944
581
8,912
2,475
10,7293,419(24)

13,71527,489696
11,5592,765
13,6863,573(27)

61,746

73,46023,549(11,392)

25,569(12,402)

Buildings and structures, net

12,157

13,167

Machinery, equipment and vehicles
Accumulated depreciation

18,039(13,738)

20,959(14,985)

4,301

5,973

9,552
(8,130)10,108(8,566)

1,422

1,5415,313
6,506(1,774)

5,357
7,356
(2,296)

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

4,732

5,060

Construction in progress

2,471

551

Total property, plant and equipment

30,39931,652

253
342
720

241
270
803

1,316

1,315

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

5,054
4,439
381
808
(90)

5,889
4,492
442
1,001
(86)

Total investments and other assets

10,592

11,738Intangible assets
Goodwill
Leased assets
Other
Total intangible assets

Total non-current assets
Total assets

342,30944,706

104,055

118,166

(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)
Other

As of December 31, 2022

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

11,932
3,539
17,968
880
867
512
186
617
50
4,239

Total current liabilities

31,86240,795

Non-current liabilities
Long-term borrowings
Lease liabilities

13,815
3,711

13,670
3,936

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

1,536
2,517
–

1,570
2,614
5–

3389

428

Total non-current liabilities

21,97022,229Total liabilities

53,83363,024

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

11,82917,01918,102(235)

11,82917,02819,260(575)

46,71647,543

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

360
6,023
931

Total accumulated other comprehensive income

3,220

7,315

181
102

176
106

50,221

55,142104,055

118,166

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)
Nine months ended
December 31, 2021

Nine months ended
December 31, 2022

Net sales
Cost of sales

62,492
46,64778,32658,269Gross profit

15,84420,057

Selling, general and administrative expenses15,403

16,913Operating profit

441

3,144

Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Other

49
58
164
398

47
69
265
276669659

Total non-operating income
Non-operating expenses
Interest expenses

281

494

Foreign exchange losses
Other

60
42690
91

Total non-operating expenses

384

1,276

726

2,527

22–

71
193

5201

210
74
33

17–––

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 incomeExtraordinary losses
Loss on sale and retirement of non-current assets
Loss on sale of investment securities
Loss on liquidation of subsidiaries and associates
Loss on valuation of shares of subsidiaries and associates

128

17

Profit before income taxes

Total extraordinary losses

602

2,711

Income taxes - current
Income taxes - deferred

613
454

733
(11)

Total income taxes

1,067

722

Profit (loss)

(465)

1,989

Profit attributable to non-controlling interests

14

7

Profit (loss) attributable to owners of parent(479)

1,981

5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2021
Profit (loss)
Other comprehensive income
Valuation 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

Nine months ended
December 31, 2022
(465)

1,989

100
11,566(36)

165–3,635
3165

300

1,796

4,105

1,331

6,094

1,319

6,076

1117

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6