Consolidated Financial Results the Fiscal Year Ended March 31, 2023 〔Japanese GAAP〕
May 15，2023
Company name
Code number
RepresentativeInquiries

Komehyo Holdings Co., Ltd.
2780
ＵＲＬ

Stock exchange listings
TOKYO, NAGOAYA
https://komehyohds.com（Title） President and Representative Director （Name）Takuji Ishihara（Title） General Manager of IR・PR Department （Name）Hiroyuki Yoshida
Phone ＋81-52-249-5366
Date of general shareholders' meeting (as planned) June 27,2023
Dividend payable date (as planned) June 28,2023
Annual securities report filing date (as planned) June 27,2023
Availability of supplementary briefing material on financial results：Available
Schedule of annual financial results briefing session：Scheduled (Video of results presentation will be posted on the Company's website)（Amounts of less than one million yen are rounded down.）

１．Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
（April 1, 2022 to March 31, 2023）（％ indicates changes from the previous corresponding period.）（１）Consolidated Operating Results
Net sales

Fiscal year ended March31, 2023
Fiscal year ended March31, 2022
（Note）Comprehensive income

Operating income

Net income attributableto owners of parent

Ordinary income

Million yen％

Million yen％

Million yen％

Million yen％

86,113

21.0

5,168

39.1

5,406

43.3

3,706

64.1

71,148－

3,714

529.1

3,772

774.6

2,259

－

Fiscal year ended March 31,2023

4,235 Million yen

Basic earnings
per share

Diluted earnings
per share

Fiscal year ended March31, 2023
Fiscal year ended March31, 2022

(74.9％)

Fiscal year ended March 31,2022

Return onequity

2,421 Million yen(－％)

Ordinary income tototal assets

Operating income tonet sales

YenYen％％％338.30－

16.7

12.5

6.0

206.19

－

11.7

9.8

（Reference）Equity in earnings (losses) of affiliates

Fiscal year ended March 31,2023－

Million yen

5.2

Fiscal year ended March 31,2022－

Million yen（２）Consolidated Financial Positions
Total assets

As of March 31, 2023
As of March 31, 2022
（Reference）Equity

As of March 31,2023

Net assets

Equity ratio

Net assets per share

Million yen

Million yen％

Yen

46,75339,667

24,247
20,70051.2
51.5

2,184.37
1,865.42

23,932 Million yen

As of March 31,2022

20,438 Million yen（３）Consolidated Cash Flows
Cash flows fromoperating activities

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents

Million yen

Million yen

Million yen

Million yen

1,536△1,951

1,849

12,283

1,134

△529

△1,895

10,738

２．Dividends
Annual dividends

Fiscal year ending March 31,2022
Fiscal year ending March 31,2023
Fiscal year ending March 31,2024(Forecast)Total
dividend(Total)Payout ratio

Net asset
dividend rate

1stquarter-end

2ndquarter-end3rdquarter-end

Year-end

Yen

Yen

Yen

Yen

Yen

Million yen

％％－－

12.00
25.00

－－

20.00
35.00

32.00
60.00

350
657

15.5
17.7

1.8
3.0

－

38.00

－

38.00

76.00

- 1 -

Total

(Consolidated)

20.8(Consolidated)３．Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024
（April 1，2023 to March 31，2024）（％ indicates changes from the previous corresponding period.）
Net sales％ Million yen

Million yen

First half
Full year＊

48,000100,000

Operating income

22.4
16.1

2,250
5,800

Ordinary income％ Million yen

29.012.2

2,250
5,800

Net income
attributable toowners of parent

Basic earnings
per share％

Million yen％

31.6
7.3

1,600
4,000

46.6
7.9

Yen
146.03365.08Notes（１）Changes in significant subsidiaries during the period under review(changes in specified subsidiaries resulting in changes in scope of consolidation)：No（２）Changes in accounting policies, changes in accounting estimates and retrospective restatement① Changes in accounting policies due to the revision of accounting standards：Yes② Changes in accounting policies other than ① above：No③ Changes in accounting estimates：No④ Retrospective restatement：No（４）Total number of issued shares (common shares)① Total number of issued sharesat the end of the period

March 31, 2023

11,257,000shares

March 31, 2022

11,257,000shares

March 31, 2023

300,628shares

March 31, 2022

300,628shares

March 31, 2023

10,956,372shares

March 31, 2022

10,956,411shares(including treasury stock)② Total number of treasury sharesat the end of the period③ Average number of shares during
the period:＊

These quarterly financial results are outside the scope of audit.

＊Explanation of the proper use of financial results forecast and other notes(Notes on the earnings forecasts and other forward-looking statements)
The earnings forecasts and other forward-looking statements herein are based on data currently
available to the Company and certain assumptions that the Company believes are reasonable, and theCompany has no intention of guaranteeing the achievability of them. Actual results may differ
significantly from these forecasts due to various factors.
(How to obtain supplementary presentation materials for quarterly financial results)
Earnings Results Briefing Materials for Financial Results will be posted on the company’s website
immediately after the financial results are announced to the Tokyo Stock Exchange.

- 2 -４．Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Merchandise
Supplies
Deposits paid
OtherTotal current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progressOther
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets
Investments and other assets
Deferred tax assets
Retirement benefit asset
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Total assets- 3 -As of March 31, 2023

9,080,005
1,709,180
15,277,006
31,218
1,658,948
1,697,531
29,453,891

10,382,235
2,257,704
18,669,096
36,371
1,901,261
2,076,003
35,322,672

8,034,073△4,618,764
3,415,308
1,646,267
116,709△96,585
20,124
11,904
2,077,288△1,412,253
665,035
5,758,640

8,610,866△4,831,257
3,779,608
1,644,961
113,584△101,471
12,11233,5302,249,869△1,475,565
774,304
6,244,516

444,658
395,277
1,026,637
1,866,573

528,720
273,934
1,353,425
2,156,080

1,015,139
40,7091,325,851
206,482
2,588,182
10,213,396
39,667,287

1,135,358
4,882
1,646,422
243,5443,030,208
11,430,805
46,753,478

(Thousands of yen)
As of March 31, 2022Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Lease liabilities
Accounts payable - other
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for merchandise warranties
Provision for point card certificates
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Lease liabilities
Provision for retirement benefits for
directors (and other officers)
Provision for merchandise warranties
Provision for point card certificatesRetirement benefit liability
Asset retirement obligations
Contract liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets- 4 -As of March 31, 2023

527,778
8,360,000
72,0001,023,299
262,515
1,212,763
1,006,884
507,074
761,069
9,456
60,616
427,528
14,230,986

686,781
12,515,000
72,000366,724
236,828
1,182,045
984,694
619,554955,310
9,024
101,636
296,924
18,026,525

212,000
3,429,894
159,900

140,000
3,113,170
54,92923,59823,598390
94,577
101,967
629,91032,53550,7404,735,515
18,966,501

558
127,681
116,737
763,616
69,921
69,6294,479,842
22,506,367

1,803,780
1,909,872
16,640,745△80,494
20,273,902

1,803,780
1,909,872
19,854,230△80,49423,487,388

20,29230,720144,049

414,662

164,341445,383

262,541
20,700,786
39,667,287

314,338
24,247,110
46,753,478

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)(Thousands of yen)
Fiscal year ended
March 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Commission income
Insurance claim income
Compensation income
OtherTotal non-operating income
Non-operating expenses
Interest expensesRent expenses on store(construct inprogress)
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Subsidy income
Gain on reversal of asset retirement
obligations
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on cancellation of rental contracts
Impairment losses
Loss due to temporary closure
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent- 5 -Fiscal year ended
March 31, 2023

71,148,431
52,733,020
18,415,410
14,700,709
3,714,701

86,113,626
63,571,465
22,542,160
17,373,200
5,168,959

1,154
14,544
66,159
5,854
1,305
－
31,281
120,300

2,402
11,971
5,056
5,828
3,240
540,806
34,045603,353

52,01960,761－

282,098

10,89762,917
3,772,084

22,795
365,655
5,406,657

12,18923,095

4,088
29,366

13,126－－
48,412917
34,372

152,270－
327,275
14,674494,220
3,326,275
1,269,794△215,418
1,054,375
2,271,900

12,164600
102,733
6,704
122,2025,318,827
1,680,675△90,948
1,589,726
3,729,101

12,813

22,5782,259,086

3,706,522

(Consolidated Statements of Comprehensive Income)(Thousands of yen)
Fiscal year ended
March 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 6 -Fiscal year ended
March 31, 2023

2,271,900

3,729,101

6,457

10,428142,828
149,285
2,421,185

496,175
506,604
4,235,705

2,407,140

4,183,908

14,04551,796

(3) Consolidated Statement of Changes in Equity
Previous consolidated fiscal year (April 1, 2021 to March 31, 2022)(Thousands of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

1,803,780

1,909,872

Retained earnings
14,600,787

Treasury shares△80,331

Total shareholders'equity
18,234,107

Changes during periodDividends of surplus△219,128△219,128

Profit (loss)
attributable to owners ofparent2,259,086

2,259,086

Purchase of treasury
shares△162△162

Net changes in items
other than shareholders'equityTotal changes during period
Balance at end of period－－

2,039,957△162

2,039,794

1,803,780

1,909,872

16,640,745△80,494

20,273,902

Accumulated other comprehensive income

Balance at beginning ofperiod

Valuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Total accumulated
other comprehensive
incomeNon-controllinginterests

Total net assets

13,834

1,221

15,055

197,41318,446,576

Changes during period
Dividends of surplus△219,128

Profit (loss)
attributable to owners ofparent2,259,086

Purchase of treasury
sharesNet changes in items
other than shareholders'equity△162
6,457

142,828

149,285

Total changes during period

6,457

142,828

149,285

65,1282,254,209

Balance at end of period

20,292

144,049

164,341

262,541

20,700,786- 7 -65,128214,414Current consolidated fiscal year (April 1, 2022 to March 31, 2023)(Thousands of yen)
Shareholders' equity
Share capital
Balance at beginning ofperiod

Capital surplus

1,803,780

1,909,872

Retained earnings
16,640,745

Treasury shares△80,494

Total shareholders'equity20,273,902

Changes during period
Dividends of surplus
Profit (loss)
attributable to owners ofparent
Net changes in items
other than shareholders'equityTotal changes during period
Balance at end of period△493,036△493,036

3,706,522

3,706,522－－

3,213,485－

3,213,485

1,803,780

1,909,872

19,854,230△80,494

23,487,388

Accumulated other comprehensive income

Balance at beginning ofperiod

Valuationdifference on
available-for-salesecurities

Foreign currencytranslation
adjustment

Total accumulated
other comprehensive
incomeNon-controllinginterests

Total net assets

20,292

144,049

164,341

262,541

20,700,786

Changes during period
Dividends of surplus
Profit (loss)
attributable to owners ofparent
Net changes in items
other than shareholders'equity△493,036
3,706,522
10,428

270,613

281,041

Total changes during period

10,428

270,613

281,041

51,796

3,546,324

Balance at end of period

30,720414,662

445,383

314,338

24,247,110- 8 -51,796

332,838(4) Consolidated statement of cash flows(Thousands of yen)
Fiscal year ended
March 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in provision formerchandise warranties-OpeCF
Increase (decrease) in allowance for
doubtful accounts
Increase (decrease) in provision for point
card certificates
Increase (decrease) in retirement benefit
liability
Increase (decrease) in contract liabilities
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of property, plant andequipment and intangible assets
Loss on retirement of property, plant andequipment and intangible assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in accounts receivable other
Increase (decrease) in trade payables
Increase (decrease) in accrued consumption
taxes
Increase (decrease) in accounts payable other
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
and intangible assets
Proceeds from sale of property, plant andequipment and intangible assets
Payments of guarantee deposits
Purchase of shares of subsidiaries resulting
in change in scope of consolidation
Proceeds from refund of guarantee deposits
Other, net
Net cash provided by (used in) investing
activities- 9 -Fiscal year ended
March 31, 20233,326,275
941,204
327,275
78,793
251,701

5,318,827
1,215,498
102,733
68,255
189,360

40△263△79,934－△48,551

73,988

48,11350,455

539,610△15,698
52,019△6,698141,115△14,374
60,761
11,293△12,189△4,088

10,586

6,560△32,251△2,619,039△518,776△2,962,423△74,350△81,303

2,858

140,493△352,373△140,289

386,867△98,102△869,577
1,854,680
14,621△51,583△684,600
1,087△275,717
3,284,002
13,394△60,900△1,710,295
10,724

1,134,205

1,536,926△23,000
112,004－
10,000△628,023△1,642,602

20,8206,727△257,633△443,009－△26,131255,370△8,837

163,808△20,001△529,300△1,951,209

Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Redemption of bonds
Purchase of treasury shares
Dividends paid
Proceeds from share issuance to noncontrolling shareholders
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
Cash and cash equivalents at beginning ofperiod
Cash and cash equivalents at end of period- 10 -△500,000

4,118,000△883,955△274,021△72,000△162△219,275△1,349,596△342,472△84,000－△492,930

53,545－△1,895,869

1,849,000

135,133

109,825△1,155,830

1,544,542

11,894,785

10,738,954

10,738,954

12,283,497