〔Delayed〕The original disclosure in Japanese was released on August 8, 2019 at 15:00 (GMT+9)

August 8, 2019

Tsukada Global Holdings Inc.
Consolidated Earnings Report for the Six Months ended June 30, 2019
(Japanese GAAP)
Stock listing: Tokyo Stock Exchange (First Section)
Securities code: 2418
URL: http://www.tsukada-global.holdings/en/
Representative: Masayuki Tsukada, President and CEO
Information contact: Masahiro Yamazaki, Manager, Finance &Tel:+81-3-5464-0081
Accounting Department
Scheduled dates:
Filing of statutory quarterly financial report (sihanki hokokusho): August 14, 2019
Dividend payout:
September 2, 2019
Supplementary materials to quarterly financial results available: Yes
Quarterly earnings presentation held: Yes (Targeted at institutional investors and analysts)(Amounts rounded down to the nearest million yen)

1. Consolidated Performance for the Six Months ended June 30, 2019
(January 1, 2019 – June 30, 2019)(1) Consolidated Operating Results(Percentages indicate year-on-year changes)

Net sales

million yen%
million yen%
million yen
Six months ended
29,071
3.9
2,261
110.1
2,014
June 30, 2019
Six months ended
27,992
7.0
1,076
43.0
996
June 30, 2018
Note: Comprehensive income: Six months ended June 30, 2019: 885 million yen (- %)Six months ended June 30, 2018: (81) million yen (- %)

102.1

1,289

119.2

44.1

588

269.3

Diluted profit
per shareyen

Profitper shareyen
Six months ended
June 30, 2019
Six months ended
June 30, 2018%

Profit attributable toowners of the parent
million yen%

Ordinary income

Operating income

27.04

-

12.34

12.19

(2) Consolidated Financial Position

June 30, 2019

Total assets

Net assets

Equity ratio

million yen

million yen%

88,71336,22540.8

90,84137,081
39.1
December 31, 2018
Reference: Total equity: June 30, 201936,225 million yen
December 31, 2018: 35,548 million yen
Total equity = Shareholders’ equity plus total accumulated other comprehensive income.
Note: “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Accounting Standards Board of

Japan (ASBJ) Statement No. 28, February 16, 2018) have been applied, effective from the first three monthsof the fiscal year ending December 31, 2019. Figures in the financial position as of December 31, 2018 wereretroactively restated in accordance with said ASBJ amendments.

2. Dividends
End-Q1yen

End-Q2yen

Dividend per share
End-Q3yen

Year ended
5.00
December 31, 2018Year ending
5.00
December 31, 2019Year ending
December 31, 2019
(Forecast)
Note: No revision has been made to the latest dividends forecast.

Year-endyen

Annual total
yen

-

5.00

10.00

-

5.00

10.00

3. Earnings Forecast for the Fiscal Year ending December 31, 2019
(January 1, 2019 – December 31, 2019)(Percentages indicate year-on-year changes)
Net sales

Operating income

million yen%
million yen%
Year ending
63,000
4.7
5,500
4.8
December 31, 2019
Note: No revision has been made to the latest earnings forecast.

Ordinary income
million yen
5,560

%
5.8

Profit attributable toowners of the parent
million yen%
3,100Profitper share
yen

27.9

*Notes(1) Changes in significant subsidiaries during the period: Yes(Changes in specific subsidiaries accompanying a change in scope of consolidation)
Newly Consolidated: BEST LIFE STYLE Inc.
Newly Deconsolidated: BT KALAKAUA, LLC
Note: For details, please refer to “(4) Notes on Quarterly Consolidated Financial Statements(Changes in Significant Subsidiaries for the Six Months Ended June 30, 2019)" insection "2. Quarterly Consolidated Financial Statements and Main Notes" on page 11
in the accompanying materials.
(2) Use of accounting methods specific to the preparation of quarterly consolidated financial
statements: Yes
Note: For details, please refer to “(4) Notes on Quarterly Consolidated Financial Statements(Application of Specific Accounting Methods for the Preparation of Quarterly Financial
Statements)” under “2. Quarterly Consolidated Financial Statements and Main Notes” on page
11 in the accompanying material.
(3) Changes in accounting policy, changes in accounting estimates, and retrospective
restatement
1) Changes in accordance with amendments to accounting standards, etc.: None

64.99

2) Changes other than noted in 1) above: None
3) Changes in accounting estimates: None
4) Retrospective restatement: None
(4) Shares issued (common stock)1) Number of shares issued at end of period(including treasury stock)2) Number of shares held in treasury at end of
period3) Average number of shares outstanding during
the period

June 30, 2019

December 31, 2018

48,960,000

48,960,000

1,259,834

1,259,834

Six Months ended
June 30, 2019

Six Months ended
June 30, 2018

47,700,166

47,700,166* Quarterly earnings reports are exempt from quarterly review conducted by certified public
accountants or by auditing firms.
*Appropriate Use of Earnings Forecast and Other Important Information(Cautionary Statement with Respect to Forward-Looking Statements)
The above forecasts are based on information available as of this report’s publication and on
certain assumptions that are deemed reasonable. These forecasts are not guarantees of future
performance, and actual results may differ from forecasts due to changes in the businessenvironment. For the assumptions underlying the forecasts herein and other notice on the use of
earnings forecasts, please refer to “(3) Earnings Forecast for the Fiscal Year ending December 31,
2019” in the section “1. Review of Consolidated Financial Results” on page 4 in the accompanying
materials.

Accompanying Material – Contents
1. Review of Consolidated Financial Results(1) Operating Results(2) Analysis of Financial Condition(3) Earnings Forecast for the Fiscal Year ending December 31, 2019
2. Quarterly Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheets(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income(3) Consolidated Statements of Cash Flows(4) Notes on Quarterly Consolidated Financial Statements(Note on the Going-concern Assumption)(Note on Significant Changes in the Amount of Shareholders’ Equity)(Changes in Significant Subsidiaries for the Six Months Ended June 30, 2019)(Application of Specific Accounting Methods for the Preparation of Quarterly Financial
Statements)(Additional Information)(Segment Information)
3. Supplementary Information(Weddings Held and Orders Received)

1

2
2
3
4
5
5
7
7
8
9
11
11
11
11
11
11
12
14
14

1. Review of Consolidated Financial Results(1) Operating Results
In the first six months of the fiscal year ending December 31, 2019, despite uncertainties
pertaining to the global economy and trade issues, the Japanese economy stayed on its
moderate recovery track, with an improvement in employment conditions and corporate
earnings and an upturn in personal spending.
In this environment, the Tsukada Global Holdings Group (“the Group”) endeavored to
expand sales and enhance profitability by accurately responding to customers’ increasingly
individualized and diversifying needs in the bridal, hotel, and wellness and relaxation (W&R)
markets while working to create new value, develop high-quality, appealing outlets, andprovide high value-added services.
During the quarter, the Group focused in its hotel business on creation of new values andfurther enhancement of hospitality quality in anticipation of the 2020 Olympic and Paralympic
Games in Tokyo. For example, we continued with preparations for the opening of Kimpton
Hotel Shinjuku, Tokyo (provisional name), began working on a major refurbishment of The
Strings by InterContinental Tokyo (Shinagawa, Tokyo) and refurbishment and rebranding of
The Strings Hotel Yagoto Nagoya (Showa, Nagoya, Aichi Prefecture).
In the wedding business, we increased internal handling of mainstay products of ourwedding business, such as photographs, videos, audio, and floral decorations, and promoted
expansion of external sales of these bridal contents to broaden future revenue and businessareas.
As a result of these efforts, in the first six months of 2019, Tsukada Global Holdings Inc.
(“the Company”) posted consolidated net sales of ¥29,071 million (up 3.9% year on year). The
Company recorded operating income of ¥2,261 million (up 110.1%), ordinary income of ¥2,014
million (up 102.1%) and net income attributable to owners of the parent amounted to ¥1,289
million (up 119.2%), showing significant profit increases at all levels.
The results for each business segment were as follows.
1) Wedding businessIn the first six months of fiscal 2019, the wedding business achieved sales growth
supported by an increase in the number of weddings in Japan (the business’s core area)and strong spend per wedding figures. Segment income also grew largely due to theCompany’s pursuit of increased internal handling of the various materials related to
wedding ceremonies, such as photographs, videos, audio, and floral decorations.
As a result, net sales in the wedding business totaled ¥18,378 million (up 5.7% year onyear) and segment income totaled ¥2,943 million (up 61.0%).
2) Hotel business
During the period under review, segment sales declined slightly due to the impact of thedecline in the number of weddings held at our hotels, while the hotels’ overnight occupancy
rates and average charge per night remained solid. Segment income increased thanks to
an improvement in profit margins resulting from promotion of increased internal handling ofmainstay wedding-related products as in the wedding business, which more than offset

2

expenses connected with preparing for the opening of Kimpton Hotel Shinjuku, Tokyo(provisional name).
As a result, net sales in the hotel business came to ¥8,745 million (down 0.0% year onyear), and segment income totaled ¥328 million (up 7.7%).
3) W&R business (Wellness & Relaxation business)
Sales of the segment increased due to the impact of full-year operation of the Best Style
Fitness Kaihin Makuhari comprehensive fitness club that opened in December 2018.
However, the segment posted an operating loss mainly owing to a delay in increasing
membership of some of its other comprehensive fitness club outlets.
As a result, the W&R business posted net sales of ¥1,947 million (up 4.6% year onyear) and an operating loss of ¥174 million (compared with a loss of ¥245 million a year
earlier).
(2) Analysis of Financial Condition
1) Assets, Liabilities, and Net Assets
Total assets as of June 30, 2019, the end of the first six months of fiscal 2019, amounted to¥88,713 million, a decline of ¥2,127 million from the end of the previous fiscal year
(December 31, 2018). The decline mainly reflects declines of ¥3,439 million in buildings andstructures and ¥5,840 million in land as a result of exclusion from consolidation of former
consolidated subsidiary BT KALAKAUA, LLC due to a reduced equity stake following partial
divestment. These offset a ¥2,490 million increase in cash and deposits mainly due to fundprocurement, and a ¥4,201 million increase in other tangible assets (mainly construction inprogress) in connection with construction of Kimpton Hotel Shinjuku, Tokyo (provisionalname).
Total liabilities as of June 30, 2019, came to ¥52,488 million, a decline of ¥1,271 million
from the end of the previous fiscal year. This is attributable to the abovementioned exclusionof a subsidiary from consolidation, and declines of ¥486 million in income taxes payable and¥1,404 million in long-term debt (including the current portion) due to repayment, which
together offset a ¥905 million increase in bonds (including the current portion) due to fundprocurement.
Net assets as of June 30, 2019, totaled ¥36,225 million, ¥856 million less than at the endof the previous fiscal year. The major changes are a ¥1,533 million decline in non-controllinginterests due to the exclusion of a subsidiary from consolidation and an increase of ¥1,051
million in retained earnings mainly due to the recording of quarterly profit attributable toowners of the parent.
2) Cash flow
Cash and cash equivalents (“cash”) at the end of the first half totaled ¥26,600 million,¥2,482 million more than at the end of the previous fiscal year.
Cash flows and factors behind changes in the cash flows during the six months ended
June 30, 2019, are as follows.
(Operating Cash Flow)
Cash provided by operating activities totaled ¥2,240 million, a decline of 19.2% from thefirst half of the previous fiscal year. This is largely ascribed to ¥1,515 million in depreciation3

and amortization and ¥2,221 million in profit before income taxes, which offset the impactof ¥1,468 million in income taxes paid.
(Investing Cash Flow)
Cash used in investing activities totaled ¥3,964 million (cash provided in the first half of theprevious year was ¥3,752 million). This is mainly attributable to ¥4,835 in payments forpurchase of tangible assets, which was partly offset by ¥771 million in proceeds from salesof shares of subsidiaries resulting in change in scope of consolidation.
(Financing Cash Flow)
Cash provided by financing activities totaled ¥4,281 million (cash used in the first half ofthe previous year was ¥3,187 million). This chiefly reflects ¥5,800 million in proceeds fromlong-term debt and ¥1,195 million in proceeds from issuance of bonds, which offset¥1,654 million yen in repayments of long-term debt, ¥525 million in repayments to noncontrolling interests, and ¥295 million in payments for redemption of bonds.

(3) Earnings Forecast for the Fiscal Year Ending December 31, 2019
Changes to the Company’s forecast for full-year earnings for the fiscal year ending
December 31, 2019, based on the results for the first six months of the year, were announced
on August 8, 2019 in a corporate news release entitled “Notice Concerning Differences
between Earnings Forecasts and Actual Results for the Six Months Ended June 30, 2019.”
Changes in the market environment are anticipated, and the Company will release any
revisions to its earnings forecasts in a timely manner should this become necessary.

42. Quarterly Consolidated Financial Statements and Main Notes(1) Consolidated Balance Sheets

December 31, 2018
AmountAssetsCurrent assets
Cash and deposits
Accounts receivable - tradeMarketable securities
Merchandise
Raw materials and supplies
Other
Allowance for doubtful receivables
Total current assets
Fixed assets
Tangible assets
Buildings and structures, net
Land
Other, net
Total tangible assets
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Lease and guarantee deposits
Other
Allowance for doubtful receivables
Total investments and other assets
Total fixed assets
Deferred assets
Total assets

5(millions of yen)
June 30 2019
Amount24,206
1,281
289
127
490
1,136
(24)
27,506

26,696
1,277
198
124
474
1,308
(22)
30,05725,361
15,553
3,695
44,61021,922
9,712
7,897
39,532

1,738
184
1,922

1,609
185
1,794

2,557
8,152
6,138
(206)
16,641
63,174160
90,841

4,172
8,062
5,150
(211)
17,17358,500155
88,713

Liabilities
Current liabilities
Accounts payable - trade
Current portion of long-term debt
Current portion of bonds
Income taxes payable
Advances received
Other
Total current liabilities
Fixed liabilities
Bonds
Long-term debt
Net defined benefit liability
Provision for directors’ retirement benefits
Asset retirement obligations
Other
Total fixed liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Net unrealized gain on available-for-sale securities
Deferred gain (loss) on derivatives under hedge
accounting
Foreign currency translation adjustments
Remeasurements of defined benefit plan
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

6

December 31, 2018
Amount(millions of yen)
June 30, 2019
Amount

2,437
3,172
590
1,313
1,884
4,381
13,778

2,167
4,363
609
826
2,293
4,173
14,433

3,125
32,614
302
784
2,391
762
39,98153,7594,010
30,019
301
810
2,403
509
38,05452,488472
634
35,849(892)
36,063472
634
36,900(892)
37,114

(142)

(110)

(249)

(531)

(118)
(4)
(514)
1,533
37,081
90,841

(241)
(5)
(889)
36,22588,713

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(millions of yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Gain on investments in silent partnership
Real estate rental income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Foreign exchange loss
Other
Total non-operating expenses
Ordinary income
Extraordinary Income
Gain on sales of fixed assets
Gain on sales of shares of subsidiaries
Total extraordinary gain
Extraordinary loss
Loss on disposal of fixed assets
Shop closing expenses
Impairment loss
Loss on redemption of investment securities
Provision of allowance for doubtful receivables
Other
Total extraordinary loss
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of the parent

7

Six months
ended June 30,
2018
Amount27,992
19,697
8,295
7,218
1,076

Six months
ended June 30,
2019
Amount29,071
19,329
9,742
7,480
2,261

15
2
71
112
21
222

13
73
175
39
302

108
0
112
79
302
996

265
117
166
549
2,014

492
492

23
208
231

36
54
180
3
8
282
1,206
603
602
14
588

5
2
12
5
0
25
2,221
962
1,259
(30)
1,289

Consolidated Statements of Comprehensive Income

ProfitOther comprehensive income
Net unrealized gain on available-for-sale securities
Deferred gain (loss) on derivatives under hedge
accounting
Foreign currency translation adjustments
Remeasurements of defined benefit plan
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of theparentComprehensive income attributable to noncontrolling interests

8

Six months
ended June 30,
2018
Amount602(millions of yen)Six months
ended June 30,
2019
Amount
1,259

(55)

32

(209)

(282)

(419)

(91)

0
-

(1)
(30)

(684)
(81)

(374)
885

(60)

915

(20)

(30)

(3) Consolidated Statements of Cash Flows(millions of yen)Six months
ended June 30,
2018
AmountCash flows from operating activities
Profit before income taxes
Depreciation and amortization
Impairment loss
Amortization of goodwill
Amortization of bond issuance expenses
Loss on disposal of fixed assets
Loss (gain) on valuation of derivatives
Loss (gain) on redemption of securities
Loss (gain) on sales of shares of subsidiaries
Increase (decrease) in allowance for loss on shop
closing
Increase (decrease) in allowance for doubtfulreceivables
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for directors’
retirement benefits
Interest and dividend income
Interest expenses(Gain) loss on investments in silent partnership
Foreign exchange (gain) loss
(Gain) loss on sales of fixed assets
Shop closing expenses(Increase) decrease in notes and accounts receivable- trade(Increase) decrease in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in advances received
Increase (decrease) in other liabilities
Other
Sub totalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities

9

Six months
ended June 30,
2019
Amount

1,206
1,605
180
133
10
36
0
-

2,221
1,515
133
9
5
(5)
12
(208)

(0)

(15)

2

3

(48)

(2)

25

26

(18)
108
(71)
79
(492)
54

(13)
265
(73)
116
(23)
2

(118)

0

51

19

23

(269)

458
758
227
4,215
8
(106)
(1,345)
2,771

409
(37)
(128)
3,964
4
(259)
(1,468)2,240

(millions of yen)

Cash flows from investing activities
Purchase of tangible assets
Proceeds from sales of tangible assets
Purchase of intangible assets
Proceeds from sales of investment securities
Proceeds from withdrawal of investment in silent
partnership
Loans receivable
Lease and guarantee deposits
Collection of lease and guarantee deposits
Proceeds from sales of shares of subsidiaries resulting
in change in scope of consolidation
Other
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term debt
Proceeds from long-term debt
Repayments of long-term debt
Proceeds from issuance of bonds
Payments for redemption of bonds
Repayments to non-controlling interests
Dividends paid to non-controlling interests
Dividends paid to shareholders
Other
Net cash provided by (used in) financing activities
Foreign currency translation adjustments on cash
and cash equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents, beginning of period
Decrease in cash and cash equivalents resulting
from exclusion of subsidiaries from consolidation
Cash and cash equivalents, end of period10

Six months
ended June 30,

Six months
ended June 30,

2018

2019

AmountAmount(2,619)
6,243
(27)
36

(4,835)
24
(42)
110

45

36

(11)
(107)
174

(13)
(39)
47

-

771

18
3,752

(24)
(3,964)(8,100)8,020(2,634)
201
(449)
(31)
(238)
45
(3,187)5,800(1,654)
1,195
(295)
(525)
(238)
4,281

(17)

(74)

3,319

2,482

14,89624,117(154)-

18,062

26,600(4) Notes on Quarterly Consolidated Financial Statements(Note on the Going-concern Assumption)
Not applicable(Note on Significant Changes in the Amount of Shareholders’ Equity)
Not applicable(Changes in Significant Subsidiaries for the Six Months Ended June 30, 2019)BEST LIFE STYLE Inc. has been added to the scope of consolidation, due to its
establishment during the second quarter ended June 30, 2019 of the current fiscal year.
Additionally, due to the Company having sold a portion of its shareholding, BT KALAKAUA,
LLC has been excluded from the scope of consolidation and has consequently been madean equity method affiliate from the end of the second quarter ended June 30, 2019 of thecurrent fiscal year.
(Application of Specific Accounting Methods for the Preparation of Quarterly
Financial Statements)(Simplified accounting methods)
1) Calculation method for depreciation of fixed assets
Depreciation expenses for assets to which the declining-balance method is applied are
calculated by allocating a quarterly proportion of the amount for the full fiscal year.
2) Calculation method for deferred tax assets and deferred tax liabilities
Regarding judgments on the amount of recoverable deferred tax assets, the Company
has determined that there have been no significant changes in the economic
environment or emergence of temporary differences since the end of the previous fiscal
year, and therefore the calculations are based on future earnings forecasts from theprevious year and tax planning methods.
(Special accounting treatments)
Calculation of taxes
The Company calculates tax liabilities by producing a reasonable estimate of the effective
tax rate after applying tax-effect accounting to income before income taxes for the fiscal
year, which encompasses the second quarter ended June 30, 2019, and then multiplying
profit (loss) before income taxes by this estimated effective tax rate. In cases where thisestimated effective tax rate cannot be used, the statutory effective tax rate is used.
(Additional Information)(Application of “Partial Amendments to Accounting Standard for Tax Effect Accounting”)“Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement
No. 28 of February 16, 2018) have been applied, effective from the first three months of
the fiscal year ending December 31, 2019. Accordingly, deferred tax assets are shown
under the heading of investments and other assets, while deferred tax liabilities are shown
under the heading of fixed liabilities.

11

(Segment Information)[Segment Information]
I. Six months ended June 30, 2018 (January 1 to June 30, 2018)
1. Net sales and income/loss by reportable segment(millions of yen)

Reportable segment
AmountWeddingbusinessHotelbusiness

W&R
business

Total

Adjustments(note 1)

recorded on
consolidated
statements ofincome (note 2)

Net sales
Sales to outside
customers
Inter-segment sales
and transfers

17,383

8,748

1,861

27,992-

27,992

631

155

0

786

(786)

-

Total

18,014

8,903

1,861

28,779(786)

27,992

Segment income (loss)

1,827

305

(245)

1,887

(810)

1,076

Notes:

1. Minus 810 million yen adjustments for the segment income or loss include 32 million yen
elimination of inter-segment sales and minus 843 million yen corporate expenses that are notallocated to each reportable segment. The main component of these unallocated corporate
expenses is SG&A expenses that are not attributable to reportable segments.
2. Segment income or loss adjustments are based on operating income reported on the quarterly
consolidated statements of income for the corresponding period.

2. Impairment loss on fixed assets or goodwill by reportable segment(Significant impairment loss on fixed assets)
As decreased profitability has remained in some fixed assets held in the “Wedding business”
segment, the Company has concluded that the recovery of the investment in these assets could
not likely be made during the course of the first six months of the fiscal year ending December
31, 2018. Hence, the book value of these assets has been written down to the recoverable
amount, and the resulting loss of 180 million yen has been reported as impairment loss under the
extraordinary loss.

12II. Six months ended June 30, 2019 (January 1 to June 30, 2019)
1. Net sales and income/loss by reportable segment(millions of yen)

Reportable segment
AmountWeddingbusinessHotelbusiness

W&R
business

Total

Adjustments(note 1)

recorded on
consolidated
statements ofincome (note 2)

Net sales
Sales to outside
customers
Inter-segment sales
and transfers

18,378

8,745

1,947

29,071-

29,071

753

156

5

915

(915)

-

Total

19,132

8,901

1,953

29,987(915)

29,071

Segment income (loss)

2,943

328

(174)

3,097

(835)

2,261

Notes:

1. Minus 835 million yen adjustments for the segment income or loss include 65 million yen
elimination of inter-segment sales and minus 901 million yen corporate expenses that are notallocated to each reportable segment. The main component of these unallocated corporate
expenses is SG&A expenses that are not attributable to reportable segments.
2. Segment income or loss adjustments are based on operating income reported on the quarterly
consolidated statements of income for the corresponding period.

2. Impairment loss on fixed assets or goodwill by reportable segment
Not applicable.

133. Supplementary Information(Weddings Held and Orders Received)1) Number of weddings held

Segment

Six months ended
June 30, 2018

Six months ended
June 30, 2019Year ended
December 31, 2018

Number of weddings

Number of weddings

Number of weddings

held (cases)

held (cases)

held (cases)

6,089

5,909

12,806

Hotel business

797

788

1,712

Total

6,886

6,697

14,518

Wedding business2) Wedding orders received

Segment

Six months ended
June 30, 2018

Six months ended
June 30, 2019Year ended
December 31, 2018

Orders

Order

Orders

Order

OrdersOrder

receivedbacklog

receivedbacklog

receivedbacklog(cases)(cases)(cases)(cases)(cases)(cases)

7,325

8,185

6,826

8,036

12,976

7,119

Hotel business

940

1,259

877

1,268

1,775

1,179

Total

8,265

9,444

7,703

9,304

14,751

8,298

Wedding business14