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 November 30, 2023
(Based on Japanese GAAP)
January 12, 2024
Company name:TECMIRA HOLDINGS INC.

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

URL

https://www.tecmira.com/

President & Representative Director
Corporate Planning Department Director

Masashi Ikeda
Satoru Fujishiro

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

January 12, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
NoTEL

(03)6838-8800(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2023 (from March 1, 2023 to November 30, 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 November 30, 2023
6,163
6.5(171)
–(4)
–(20)
–
Nine months ended November 30, 2022
5,786 (14.1)(86)–
109 (42.2)
43 (93.0)
Earnings per share

Diluted earnings per share

Yen(1.78)
3.73

Nine months ended November 30, 2023
Nine months ended November 30, 2022

Yen–
3.61

(2) Consolidated financial position
Total assets

Net assets

Millions of yen
7,668
8,021As of November 30, 2023
As of February 28, 2023

Equity ratio

Millions of yen
5,700
5,593

Net assets per share%
73.5
69.1

Yen
477.38474.68

2. Cash dividends
Annual dividends per share

Year ended February 28, 2023
Year ending February 29, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
0.00
0.00

Yen––

Yen
5.00

Yen
5.00

6.00

6.00

Year ending February 29, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending February 29, 2024 (from March 1, 2023 to February 29, 2024)
Net sales
Full year

Millions of yen
10,200Percentages 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
17.8––500
29.4
360
36.9
30.82

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2023
(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 November 30, 2023

12,463,700 shares As of February 28, 2023

12,339,500 shares

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

660,105 shares As of February 28, 2023

660,105 shares

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

11,757,034 shares Nine months ended November 30, 2022

2

11,722,561 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of February 28, 2023

As of November 30, 2023

AssetsCurrent assets
Cash and deposits2,983,960

2,112,319

1,705,890
317,461

1,238,501
306,695

246,024
354,499

218,874
168,818–

65,000100,000–

98,507

292,891

354,646–

411,376(660)

6,160,990

4,813,817

Buildings, net
Vehicles, net

128,7121,732

175,001
1,611

furniture and fixtures, net
Construction in progress

78,393
1,433

80,180649

Total property, plant and equipment

210,272

257,443

211,522

356,086

329,524
2,891

537,850–

Notes and accounts receivable - trade, and contract assets
Merchandise and finished goods
Work in process
Raw materials
Short-term loans receivable
Short-term loans receivable from subsidiaries andassociates
Advance payments to suppliers
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Software
Software in progress
Goodwill
Other

7,573

8,189

551,511902,125

Investment securities
Investments in capital

717,300–

762,435
450,000

Long-term loans receivable
Deferred tax assets–
182,156

110,000
192,474

Guarantee deposits
Other

207,90928,882

189,490
28,235

Allowance for doubtful accounts(37,131)(37,131)

Total investments and other assets

1,099,116

1,695,505

1,860,900

2,855,074

8,021,890

7,668,891

Total intangible assets
Investments and other assets

Total non-current assets
Total assets3

(Thousands of yen)
As of February 28, 2023

As of November 30, 2023

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

357,787
399,016

298,089
356,512

Income taxes payable
Contract liabilities

5,866
128,840

42,095
186,746

Provision for bonuses
Provision for product warranties

215,515
40,637189,890
427

Other

435,505

317,760

1,583,169

1,391,521

Long-term borrowings
Deferred tax liabilities

792,196
10,955535,928–

Asset retirement obligations
Other

35,3686,236

35,6385,173

Total non-current liabilities

844,755

576,740

2,427,924

1,968,261

Shareholders' equity
Share capital

2,403,000

2,409,703

Capital surplus
Retained earnings

1,511,991
1,794,478

1,518,694
1,714,855

Treasury shares(297,166)(297,166)

Total shareholders' equity

5,412,304

5,346,086

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

10,250(22,173)

89,8553,296

Foreign currency translation adjustment

143,538

195,614

Total accumulated other comprehensive income

131,615

288,765

Share acquisition rights

50,04560,885

Non-controlling interests

–

4,892

5,593,965

5,700,630

8,021,890

7,668,891

Total current liabilities
Non-current liabilities

Total liabilities
Net assets

Accumulated other comprehensive income

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)
Nine months ended
November 30, 2022

Nine months ended
November 30, 2023

Net sales

5,786,617

6,163,622

Cost of sales

3,686,739

4,094,287

Gross profit

2,099,877

2,069,335

Selling, general and administrative expenses

2,186,627

2,240,606

Operating loss

(86,749)(171,271)

Non-operating income
Foreign exchange gains

197,026

89,265–
9,620

76,568
10,418

206,646

176,252

7,285

6,368

3,364

2,920

Gain on sale of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on reversal of share acquisition rights

10,6509,288

109,246(4,307)313–

Total extraordinary income

313–

Extraordinary losses
Business restructuring expenses

–

7,942

Total extraordinary losses

–

7,942

Profit (loss) before income taxes

109,560(12,250)

Income taxes

65,886

10,764

Profit (loss)

43,674(23,015)

Loss attributable to non-controlling interests–(2,043)

Profit (loss) attributable to owners of parent

43,674(20,971)5Consolidated statements of comprehensive income (cumulative)(Thousands of yen)
Nine months ended
November 30, 2022

Nine months ended
November 30, 2023

Profit (loss)

43,674(23,015)

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

5,629

79,604(49,836)130,067

25,46952,075

Deferred gains or losses on hedges
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

85,860157,150

129,535

134,135

129,535

136,179–(2,043)Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6