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 Six Months Ended September 30, 2023
(Based on Japanese GAAP)
October 30, 2023
Company name:
TRANCOM CO.,LTD.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

9058
President

URL

https://www.trancom.co.jp/ir/
Yasuhiro Jinno

Inquiries:
Executive Officer / Finance and Accounting
Scheduled date to file Quarterly Securities Report:

Naoki Mitamura
November 2, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

December 5, 2023
Yes

Holding of quarterly financial results meeting:

Yes

TEL

(052)939-2011(for analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2023
Six months ended September 30, 2022

Millions of yen
83,86883,889Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%(0.0)
3,632(1.1)
3,683
(3.5)
2,347 (29.3)
5.2
3,673(7.2)
3,818(4.8)
3,320
27.7

Earnings per share

Diluted earnings per share

Yen
248.63341.91

Six months ended September 30, 2023
Six months ended September 30, 2022

Yen
248.00341.06(2) Consolidated financial position
Total assets
As of September 30, 2023
As of March 31, 2023

Net assets

Millions of yen
73,69472,045Equity ratio

Millions of yen
50,137
48,953

Net assets per share%
67.3
67.3

Yen
5,291.35
5,090.63

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
68.00
66.00

Yen–

Yen
60.00

Yen
128.00–66.00

132.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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
171,770
2.4
7,100(4.5)
7,170
(5.3)
4,650
21.2
496.11

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(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:

NoNo

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

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

10,324,150 shares As of March 31, 2023

10,324,150 shares

Number of treasury shares at the end of the period
As of September 30, 2023

951,153 shares As of March 31, 2023

800,929 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

9,440,415 shares Six months ended September 30, 2022

29,710,302 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
MerchandiseWork in process
Supplies
Prepaid expenses
Deposits paid
Other
Allowance for doubtful accounts

As of September 30, 2023

22,45025,192
27
2
24
842
–
453
(1)

20,50626,013
35
622
950
949
474
(1)

48,991

48,956

10,455(5,520)

10,488(5,655)

Buildings and structures, net

4,935

4,832

Machinery, equipment and vehicles
Accumulated depreciation

8,612(6,537)

9,203(6,946)

2,074

2,257

3,005
2,336(1,964)

3,005
2,336
(2,068)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation

Machinery, equipment and vehicles, net
Land
Leased assets
Accumulated depreciation

372

268

Right-of-use assets
Accumulated depreciation

Leased assets, net

3,212(1,147)

4,267(1,226)

Right-of-use assets, net

2,065

3,040

Construction in progress
Other
Accumulated depreciation

422
1,875(1,231)

297
1,921(1,316)

Other, net

643

605

13,52014,307

Intangible assets
GoodwillSoftwareSoftware in progress
Customer Relationship
Other351
1,160
299
241
150

321
1,077653
214
148

Total intangible assets

2,203

2,415

4,201
356
2,552
236
(18)

4,543
304
2,936
247(18)

Total property, plant and equipment

Investments and other assets
Investment securities
Deferred tax assets
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

7,329

8,014

23,05324,73772,04573,694

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Accounts payable - trade
Lease liabilities
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

As of September 30, 2023

12,582
648
1,723
1,302
1,247
563
614
–
399

12,191
753
1,599
1,586
707
629
712
15
541

19,081

18,736

2,024
60
53
356

2,781
53
53
370

374

398

97
681
359

92
703
366

4,010

4,820

Total liabilities

23,091

23,556

Net assets
Shareholders' equity
Share capital
Capital surplusRetained earnings
Treasury shares

1,080
1,642
47,548(3,111)

1,080
1,660
49,317(4,156)

Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for share awards
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities

47,15947,901

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

Total shareholders' equity

659
(44)
707
(3)

749(44)992(2)

Total accumulated other comprehensive income

1,319

1,694

100
374100441

48,95350,13772,04573,694

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)(Millions of yen)Six months ended
September 30, 2022

Six months ended
September 30, 2023

Net sales

83,88983,868

Cost of sales

78,39878,605Gross profit

5,490

5,263

Selling, general and administrative expenses

1,817

1,630

Operating profit

3,673

3,632

Non-operating income
Interest and dividend income

2632

Share of profit of entities accounted for using equity method
Subsidy income

57
80

30
33

Other

63

57

Total non-operating income

228

153

Interest expenses
Loss on retirement of non-current assets

53
0

83
8

Other

29

9

Non-operating expenses

83102

Ordinary profit

Total non-operating expenses

3,818

3,683

Extraordinary income
Gain on sale of shares of subsidiaries and associates

1,343

–

1,343

–

Total extraordinary income
Extraordinary losses
Impairment losses

1951

Loss on valuation of investment securities
Loss on disaster

75
–

–
6

Total extraordinary losses

9557

Profit before income taxes

5,066

3,625

Income taxes - current
Income taxes - deferred

1,773
(76)

1,239
2

Total income taxes

1,696

1,241

Profit

3,369

2,384

3,320
49

2,347
36

Profit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities

19989

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

760
1314
0

Total other comprehensive income

961

404

Comprehensive income

4,331

2,788

Comprehensive income attributable toComprehensive income attributable to owners of parent

4,239

2,722

91

66

Comprehensive income attributable to non-controlling interests

5Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Six months ended

Six months ended

September 30, 2022September 30, 2023

5,066

3,625

19–

51
6

1,352
194

1,432
52

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses

452

(0)
98

Increase (decrease) in provision for bonuses for directors(and other officers)

15

15

27

13

26

23

(1)

(5)

(26)

(32)

(57)

(30)

(80)

(33)

53
0

83
8(7)
(1,343)(1)–

Loss (gain) on valuation of investment securities
Decrease (increase) in receivables and contract assets

75
268

–
(692)

Decrease (increase) in deposits paid
Increase (decrease) in trade payables

(798)
(333)

(949)
(480)

Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes

(56)
(98)

(87)
65

Other, net

(271)

360

Subtotal

Impairment losses
Loss on disaster
Depreciation
Amortization of goodwill

Increase (decrease) in provision for share awards
Increase (decrease) in provision for share awards for
directors (and other officers)
Increase (decrease) in retirement benefit liability
Interest and dividend income
Share of loss (profit) of entities accounted for using equity
methodSubsidy income
Interest expenses
Loss on retirement of non-current assets
Loss (gain) on sale of non-current assets
Loss (gain) on sale of shares of subsidiaries and associates

4,081

3,524

Interest and dividends received

2632

Dividends received from entities accounted for using
equity method

38

57

Subsidies received
Interest paid

80(53)

33(83)

Income taxes paid

(1,652)(1,881)

Net cash provided by (used in) operating activities

2,519

1,682

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(910)
14(716)18

Purchase of intangible assets
Purchase of investment securities

(204)
(134)

(490)
(77)

Proceeds from sale of shares of subsidiaries resulting inchange in scope of consolidation

1,201

–

Other, net

(231)

(532)

Net cash provided by (used in) investing activities(264)(1,798)Cash flows from investing activities

6

(Millions of yen)

Cash flows from financing activities
Purchase of treasury shares

Six months ended

Six months ended

September 30, 2022

September 30, 2023

(1,256)(1,056)

Proceeds from disposal of treasury sharesDividends paid

74(707)28(579)

Repayments of lease liabilities
Other, net(416)
156(438)–Net cash provided by (used in) financing activities(2,149)(2,045)

Effect of exchange rate change on cash and cash equivalents

297

209

Net increase (decrease) in cash and cash equivalents

404(1,951)

Cash and cash equivalents at beginning of period

19,94922,363

Cash and cash equivalents at end of period

20,353

20,4127