Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending March 31, 2023 〔Japanese GAAP〕

November 14，2022
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
Quarterly securities report filing date (as planned) November 14,2022
Dividend payable date (as planned) November 28,2022
Availability of supplementary briefing material on quarterly financial results ：Available
Schedule of quarterly 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 Second Quarter of the Fiscal Year Ending March 31, 2023
（April 1, 2022 to September 30, 2022）（％ indicates changes from the previous corresponding period.）（１）Consolidated Operating Results
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parentMillion yen％

Million yen％Million yen％

Million yen％

39,220

28.0

1,744

57.0

1,709

51.8

1,091

51.0

30,635－

1,110－

1,125－

722－

Six months ended
September 30, 2022
Six months ended
September 30, 2021
（Note）Comprehensive income

Six months ended Sep 30,2022

1,539 Million yen (92.2％)

basic earnings
per share
Six months ended
September 30, 2022
Six months ended
September 30, 2021

（Reference）Equity

801 Million yen(－％)

Diluted earnings
per share

Yen

Yen

99.64－

65.98－（２）Consolidated Financial Positions
Total assets
As of September 30, 2022As of March 31, 2022

Six months ended Sep 30,2021

Net assets

Equity ratio

Net assets per share

Million yen

Million yen％

Yen

45,20939,66722,05520,70048.1
51.5

1,984.22
1,865.42

As of March 31, 2022

20,438 Million yen

As of Sep 30, 2022

21,739 Million yen

２．Dividends
1stquarter-end
Yen

2nd
quarter-end

Annual dividends
3rdquarter-end

Yen
12.00
25.00

Fiscal year ending March 31, 2022－
Fiscal year ending March 31, 2023－
Fiscal year ending March 31, 2023
(Forecast)（Note）Revision to the forecast for dividends announced most recently：NoYear-end

TotalYen－Yen
20.00

Yen
32.00

－25.0050.00

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

Operating income％ Million yen

Basic earnings
per share

Million yen％

25.3- 1 -％Net income
attributable toowners of parent

Full year
82,500
16.0
4,350
17.1
4,350
15.3
2,830
（Note）Revision to the financial results forecast announced most recently：NoMillion yen％ Million yen

Ordinary incomeYen258.30

＊ Notes（１）Changes in significant subsidiaries during the Six months ended September 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation)：No（２）Accounting policies adopted specially for the preparation of quarterly consolidated financialstatements：Yes（３）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(including treasury stock)Six months ended
September 30, 2022

② Total number of treasury shares

Six months ended

at the end of the period

September 30, 2022

③ Average number of shares during

Six months ended

the period:

September 30, 2022

11,257,000shares

March 31, 2022

11,257,000shares

300,628shares

March 31, 2022

300,628shares

10,956,372shares

Six months ended
September 30, 2021

10,956,446shares＊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)
Supplementary presentation materials for quarterly financial results will be published on the Komehyo
Holdings' website as soon as the financial results are reported to the Tokyo Stock Exchange.

- 2 -2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Inventories
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
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
Asset retirement obligations
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 certificates
Retirement benefit liability
Asset retirement obligations
Contract liabilities
Other
Total non-current liabilities
Total liabilities- 3 -As of September 30, 2022

9,080,005
1,709,180
15,308,225
3,356,480
29,453,891

9,706,580
1,886,563
18,813,788
3,655,058
34,061,991

3,415,308
1,646,267
11,904685,159
5,758,640

3,403,046
1,646,267
123,203681,651
5,854,168

444,658
395,277
1,026,637
1,866,573
2,588,182
10,213,396
39,667,287

568,288407,191
1,306,258
2,281,738
3,011,698
11,147,606
45,209,597

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

473,749
13,475,200
78,000700,923
292,249
1,043,218
599,147
535,265
752,530
8,840
65,413
6,160
277,149
18,307,846

212,000
3,429,894
159,900

182,000
3,443,991
143,686

23,59823,598390
94,577
101,967
629,91032,53550,7404,735,515
18,966,501

519
125,095
120,925
688,179
52,68465,945
4,846,625
23,154,472

(Thousands of yen)
As of March 31, 2022
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 September 30, 2022

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

1,803,780
1,909,872
17,513,261△80,494
21,146,418

20,29220,002

144,049

573,469

164,341

593,471

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

315,235
22,055,125
45,209,597

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)（Second quarter consolidated cumulative period）(Thousands of yen)Six months ended
September 30, 2021
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 expenses
Foreign exchange losses
Rent expenses on store(construct inprogress)
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Grant income
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
ProfitProfit attributable to non-controllinginterests
Profit attributable to owners of parent- 5 -Six months ended
September 30, 2022

30,635,132
22,434,431
8,200,700
7,089,919
1,110,781

39,220,447
29,409,969
9,810,478
8,066,196
1,744,282

557
13,456
18,870
2,838
632
－
7,544
43,900636
10,784
93,693
3,322
1,086
58,99715,752
184,273

24,7162,185

25,947－－

183,349

1,806
28,7081,125,973

9,873
219,171
1,709,384

4,90812,298
17,207－
6,993
6,993

4,462－－
10,771
15,234
1,127,946
394,471
733,475

3,004
600
52,211
4,185
60,001
1,656,376
545,801
1,110,575

10,576

18,931

722,898

1,091,643

(Quarterly Consolidated Statements of Comprehensive Income)（Second quarter consolidated cumulative period）(Thousands of yen)Six months ended
September 30, 2021
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 -Six months ended
September 30, 2022

733,475

1,110,575

1,566

△289

66,206
67,773801,248

429,420
429,130
1,539,705

790,490

1,554,535

10,758△14,829

(3) Quarterly Consolidated Statements of Cash Flows(Thousands of yen)Six months ended
September 30, 2021
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 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
Purchase of shares of subsidiaries resulting
in change in scope of consolidation
Payments of guarantee deposits
Proceeds from refund of guarantee deposits
Other, net
Net cash provided by (used in) investing
activities- 7 -Six months ended
September 30, 2022

1,127,946
457,002－42,966
134,0121,656,376
576,166
52,211
28,687△10,338

△716

△486

△68,644

35,315

6,617

59,50093,906△14,014
24,716△2,561

48,339△11,420
25,947△16,226△4,908

－

3,246

3,004

103,545△2,411,801△154,089△3,174,398

21,416

153,700

15,629△104,433△531,704△203,863△78,746△204,941

16,825△1,065,265
13,464△24,255△428,640
1,087△304,897△1,545,843
9,920△31,332△956,100
3,092△1,503,609△2,520,264△18,000
64,002－－△280,046△777,639

9,636－－△26,131△66,811
9,968△7,485△371,472
756△2,622△288,735△1,177,110

(Thousands of yen)Six months ended
September 30, 2021
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Purchase of treasury shares
Redemption of bonds
Dividends paid
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- 8 -Six months ended
September 30, 2022

△190,000

5,080,000△466,030△132,762△110△36,000△87,625△684,576△156,876－△36,000△219,204△912,529

3,983,343

59,793416,940△2,645,080

702,909

11,894,785

10,738,954

9,249,704

11,441,864