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, 2023
(Based on Japanese GAAP)
January 29, 2024
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 / ManagementHeadquarters

Daisuke Nitta

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 14, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:NoNo(052)939-2011(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(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, 2023
128,537
0.5
5,715(0.2)
5,781
(1.9)
3,703 (21.3)
Nine months ended December 31, 2022
127,850
4.4
5,726(7.4)
5,894(6.1)
4,709
16.3
Earnings per share

Diluted earnings per shareYen
393.78486.94

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen
392.77
485.73(2) Consolidated financial position
Total assets

Net assets

Millions of yen
73,67972,045

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
50,24948,953

Net assets per share
%
67.4
67.3

Yen
5,338.54
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
128.0066.00

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)
Net sales
Full year

Millions of yen
171,770

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen
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 nine months ended December 31, 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:

No
No

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 December 31, 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 December 31, 2023

1,016,653 shares As of March 31, 2023

800,929 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

9,406,082 shares Nine months ended December 31, 2022

29,670,981 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 December 31, 2023

22,45025,192
27
2
24
842
–
453
(1)

19,70027,051
40
9
22
1,042
471
644
(1)

48,991

48,982

10,455(5,520)10,591(5,753)

Buildings and structures, net

4,935

4,838

Machinery, equipment and vehicles
Accumulated depreciation

8,612(6,537)

9,472(7,134)

2,074

2,337

3,005
2,336
(1,964)

3,0052,284(2,074)

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

209

Right-of-use assets
Accumulated depreciation

Leased assets, net

3,212(1,147)

4,173(1,096)

Right-of-use assets, net

2,065

3,076

Construction in progress
Other
Accumulated depreciation

422
1,875(1,231)

526
2,016
(1,376)

Other, net

643

640

13,52014,635Intangible assets
Goodwill
Software
Software in progress
Customer Relationship
Other351
1,160
299
241
150

302
1,126738
199
147

Total intangible assets

2,203

2,514

4,201
356
2,552
236
(18)

4,187
182
2,946
247
(16)

Total property, plant and equipment

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

3

7,329

7,547

23,053

24,69772,04573,679(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 December 31, 2023

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

12,315
777
1,756
1,627
427
613
273
23
764

19,081

18,579

2,024
60
53
356

2,729
49
53
390

374

409

97
681
359

91
757
366

4,010

4,849

Total liabilities

23,091

23,429Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

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

1,080
1,660
50,047(4,634)47,15948,153

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

659
(44)
707
(3)

490
(44)
1,091
(2)

Total accumulated other comprehensive income

1,319

1,534

100
374

100
460

48,95350,24972,04573,679Total current liabilities
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Provision for stocks payment
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities

Total shareholders' equity

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)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Net sales

127,850

128,537

Cost of sales

119,366

120,384

Gross profit

8,484

8,153

Selling, general and administrative expenses

2,757

2,437

Operating profit

5,726

5,715

Non-operating income
Interest and dividend income

3845

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

92
113

48
37

Other

71

90

Total non-operating income

317

221

Interest expenses
Loss on retirement of non-current assets

92
1

128
8

Other

55

18

Non-operating expenses

149156

Ordinary profit

Total non-operating expenses

5,894

5,781

Extraordinary income
Gain on sale of shares of subsidiaries and associates

1,343

–

1,343

–

Extraordinary losses
Impairment losses

Total extraordinary income

5251

Loss on disaster–

652

57

Profit before income taxes

Total extraordinary losses

7,185

5,723

Income taxes - current

2,276

1,732

Income taxes - deferred

133

233

Total income taxes

2,409

1,966

Profit

4,775

3,757

Profit attributable toProfit attributable to owners of parent

4,709

3,703

66

53

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

205
842

(169)
415

Remeasurements of defined benefit plans, net of tax

11

Profit attributable to non-controlling interests
Other comprehensive income

Total other comprehensive income
Comprehensive income

1,050

247

5,826

4,004

5,719
106

3,919
85

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests5