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 May 31, 2024
(Based on Japanese GAAP)
Company name:

Stock exchange listing: Tokyo
Stock code:
3627
Representative:
Inquiries:

July 12, 2024

TECMIRA HOLDINGS INC.
URL

https://www.tecmira.com/

President & Representative Director
Corporate Planning & Administration

Masashi IkedaSatoru Fujishiro

Division Director
Scheduled date to file Quarterly Securities Report:

TEL(03)6838-8800

July 12, 2024

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

Holding of quarterly financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended May 31, 2024 (from March 1, 2024 to May 31, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended May 31, 2024
Three months ended May 31, 2023

Millions of yen
2,792
1,816

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
53.7
(42)
–(0)
–(30)
–(3.7)
(140)
–(94)
–(71)
–Earnings per share

Diluted earnings per share

Yen(2.59)(6.08)

Three months ended May 31, 2024
Three months ended May 31, 2023

Yen––(2) Consolidated financial position
Total assets
As of May 31, 2024
As of February 29, 2024

Net assets

Millions of yen
9,986
10,110Equity ratio

Millions of yen
6,279
6,343

Net assets per share
%62.1
62.0

Yen
525.01531.04

2. Cash dividends
Annual dividends per share

Year ended February 29, 2024
Year ending February 28, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00

Yen–

Yen
5.00

Yen
5.00

0.00

–

5.00

5.00

Year ending February 28, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 28, 2025 (from March 1, 2024 to February 28, 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
Six months ending
4,600
11.3
––
(80)
–
(50)
–
(4.25)
August 31, 2024
Full year
10,00014.5––
300 126.1
200 170.5
16.99

1

4. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:NoYes(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:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 2024

12,478,200 shares As of February 29, 2024

12,472,200 shares

Number of treasury shares at the end of the period
As of May 31, 2024

660,105 shares As of February 29, 2024

660,105 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 2024

11,816,921 shares Three months ended May 31, 2023

2

11,684,906 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of February 29, 2024

As of May 31, 2024

AssetsCurrent assetsCash and deposits

2,662,384

3,259,529

1,790,080
355,169

1,282,606
338,528Work in process
Raw materials

131,165
233,750

236,192
161,855

Short-term loans receivable
Advance payments to suppliers

20,000348,556

20,000405,833

Other
Allowance for doubtful accounts

558,975(951)

375,830(875)

6,099,131

6,079,501

Buildings, net
Vehicles, net

167,754
1,362

175,561
1,273

furniture and fixtures, net
Construction in progress

73,102649

77,371
2,730

Total property, plant and equipment

242,870

256,937

668,101

570,828

305,6191,213,872

293,310
1,183,525

Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods

Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Software
Software in progress
Goodwill
Other

8,700

8,930

2,196,293

2,056,595

Investment securities
Investments in capital

713,627474,638

726,365474,638

Deferred tax assets
Guarantee deposits

186,391
196,153

182,175
209,513

1,024

769

1,571,835

1,593,462

4,010,999

3,906,994

10,110,131

9,986,496

Total intangible assets
Investments and other assets

Other
Total investments and other assets
Total non-current assets
Total assets3

(Thousands of yen)
As of February 29, 2024

As of May 31, 2024

Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term borrowings

468,460
612,471

419,175
604,783

Income taxes payable
Contract liabilities

22,760147,371

14,978465,059

Provision for bonuses
Provision for loss on construction contracts

204,509
8,339

64,067–Provision for product warranties
Other427
475,086427
450,670

Total current liabilities

1,939,426

2,019,160

Non-current liabilities
Long-term borrowings

1,788,528

1,637,332

Deferred tax liabilities
Asset retirement obligations–
35,728

7,077
40,284

Other

3,347

3,491

1,827,605

1,688,186

3,767,031

3,707,347

Share capital
Capital surplus

2,410,273
2,339,982

2,411,175
2,340,884

Retained earnings
Treasury shares

1,633,298(297,166)

1,543,608(297,166)

Total shareholders' equity

6,086,388

5,998,502

29,8896,000

Deferred gains or losses on hedges
Foreign currency translation adjustment

8,533147,915

11,231
188,911

Total accumulated other comprehensive income

186,338

206,144

64,2896,083

66,4838,019

6,343,099

6,279,149

10,110,131

9,986,496

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

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

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)(Thousands of yen)Three months ended
May 31, 2023

Three months ended
May 31, 2024

Net sales

1,816,785

2,792,179

Cost of sales

1,231,627

1,845,645

Gross profit

585,157

946,533

Selling, general and administrative expenses

725,268

988,871

Operating loss

(140,111)(42,337)

44,831

43,568Non-operating income
Foreign exchange gains
Other

4,075

3,757

Total non-operating income

48,90647,326

Interest expenses
Other

1,855
1,225

4,978
301

Total non-operating expenses

3,080

5,279

(94,284)(291)––2,482
7,474

Non-operating expenses

Ordinary loss
Extraordinary losses
Office relocation expenses
Settlement payments–9,957

Loss before income taxes

Total extraordinary losses(94,284)(10,248)

Income taxes(21,669)

18,444Loss(72,615)(28,692)

Profit (loss) attributable to non-controlling interests(1,516)

1,936

Loss attributable to owners of parent(71,099)(30,628)5

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Three months ended
May 31, 2023

Three months ended
May 31, 2024

Loss(72,615)(28,692)

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

65,602(23,888)

Deferred gains or losses on hedges
Foreign currency translation adjustment

25,292(1,534)

2,697
40,996

Total other comprehensive income

89,35919,806

16,744(8,886)

18,260(10,822)(1,516)

1,936

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

6