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 Six Months Ended September 30, 2023
(Based on Japanese GAAP)
November 13, 2023
Company name:
MELCO HOLDINGS INC.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

6676
URL https://melco-hd.jp/President and CEO

Hiroyuki Maki

Inquiries:
General Manager, IR DivisionScheduled date to file Quarterly Securities Report:

Yasukazu Kouketsu
November 14, 2023

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

December 5, 2023
Yes

Holding of quarterly financial results meeting:Yes

TEL 03-4213-1122(for analysts and institutional investors)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2023
Six months ended September 30, 2022

Millions of yen
70,05068,707

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
2.0
1,798 (45.7)
1,647 (50.4)
1,275 (41.8)(2.0)
3,310 (51.7)
3,318 (54.3)
2,190 (56.9)

Earnings per share

Diluted earnings per share

Yen
75.83
129.80Six months ended September 30, 2023
Six months ended September 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2023
As of March 31, 2023

Net assets

Millions of yen
93,674
93,410Equity ratio

Millions of yen
63,06462,463

Net assets per share%
67.3
66.9

Yen
3,761.95
3,705.70

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
60.00
60.00

Yen–

Yen
60.00

Yen
120.00–60.00

120.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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
Full year
148,000
3.8
1,800 (60.2)
1,600 (66.1)
1,200 (60.8)
71.35

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

16,937,873 shares As of March 31, 2023

16,937,873 shares

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

173,946 shares As of March 31, 2023

81,726 shares

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

16,819,570 shares Six months ended September 30, 2022

216,873,494 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of September 30, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

20,506
16,693

17,916
19,900

Merchandise and finished goods
Raw materials and supplies

15,284
7,136

15,796
7,968

Other
Allowance for doubtful accounts

6,405
(7)

4,121
(10)

Total current assets

66,02065,693

Non-current assets
Property, plant and equipment

11,236

10,976

Intangible assets
Investments and other assets

3,394

4,167

Investment securities
Other

10,395
2,487

10,5392,421

Allowance for doubtful accounts

(124)

(124)

Total investments and other assets

12,757

12,837

27,38927,981

93,41093,674

Notes and accounts payable - trade
Electronically recorded obligations - operating

14,588742

14,332946

Current portion of long-term borrowings
Accounts payable - other

99
3,117

–
2,776

Accrued expenses
Income taxes payable

2,920
303

3,315
742

Contract liabilities
Provision for bonuses for directors (and other officers)

4,432
15

4,537
14

Provision for product warranties
Other74
1,646

78784

Total current liabilities

27,941

27,529Non-current liabilities
Retirement benefit liability

2,173

2,184

Provision for retirement benefits for directors (and otherofficers)

501

603

Provision for recycles
Other140
189

139
152

3,005

3,080

30,94630,609Total non-current assets
Total assets
Liabilities
Current liabilities

Total non-current liabilities
Total liabilities

3

(Millions of yen)
As of March 31, 2023

As of September 30, 2023

Net assets
Shareholders' equity
Share capital

1,000

1,000

Capital surplus
Retained earnings

250
61,092250
61,356

Treasury shares

(267)

(559)

62,07562,047

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

611
31884
250

Foreign currency translation adjustment
Remeasurements of defined benefit plans

(31)
(222)

73
(190)

Total accumulated other comprehensive income

388

1,017

62,46363,064

93,41093,674

Total shareholders' equity
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)(Millions of yen)Six months ended

Six months ended

September 30, 2022

September 30, 2023

Net sales
Cost of sales

68,70749,88470,05051,942Gross profit

18,823

18,107

Selling, general and administrative expenses

15,512

16,309Operating profit

3,310

1,798

Interest income
Royalty income

035

035

Dividend income
Share of profit of entities accounted for using equity method

91
2557
–

Non-operating income

Other76

56

Total non-operating income

228

149

2183

0149

–
3111
2

Non-operating expenses
Interest expenses
Foreign exchange losses
Share of loss of entities accounted for using equity method
Commission expenses
Other3136

Total non-operating expenses

221

300

3,318

1,647

–

76–

76

13

9

Loss on litigation

415–

Total extraordinary losses

428

9

2,889

1,714

646

657

Income taxes - deferred52(218)

Total income taxes

699

439

Profit

2,190

1,275

Profit attributable to owners of parent

2,190

1,275

Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets

Profit before income taxes
Income taxes - current

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Six months ended

Six months ended

September 30, 2022

September 30, 2023

2,190

1,275

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

(53)
(13)

271
219

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

9748

7030

Share of other comprehensive income of entities accounted
for using equity method

6037

Total other comprehensive incomeComprehensive income

139629

2,329

1,904

2,329

1,904

Comprehensive income attributable toComprehensive income attributable to owners of parent

6

Consolidated statements of cash flows(Millions of yen)Six months ended

Six months ended

September 30, 2022

September 30, 2023

Cash flows from operating activities
Profit before income taxes

2,889

1,714

Depreciation
Interest and dividend income

1,016
(91)

1,404
(57)

Share of loss (profit) of entities accounted for using equity
method(25)

111

Interest expenses
Loss on litigation

2415

0–

Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables

–
2,066

(76)
(2,665)Decrease (increase) in inventories
Increase (decrease) in trade payables(3,319)2,296(1,270)
(542)

75
(370)

449
51

Other, net(947)1,090

Subtotal

4,008

209

Decrease (increase) in accounts receivable - other
Increase (decrease) in accounts payable - other

Interest and dividends received

293

259

Interest paid
Income taxes paid

(1)(2,318)(0)(1,793)

Income taxes refund

124

2,208

2,106883(910)
2(898)–Purchase of intangible assets
Purchase of short-term and long-term investment securities(1,506)(6,702)(1,298)(16)

Proceeds from sale and redemption of short-term and longterm investment securities

13,41181

Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment

Other, net

114

4,305

(2,127)

(449)
(0)

(99)
(292)

Dividends paid

(1,012)(1,011)

Net cash provided by (used in) financing activities(1,462)(1,403)

Effect of exchange rate change on cash and cash equivalents

8257

Net cash provided by (used in) investing activities
Cash flows from financing activities
Repayments of long-term borrowings
Purchase of treasury shares

Net increase (decrease) in cash and cash equivalents

5,031(2,590)Cash and cash equivalents at beginning of period

21,83420,506

Cash and cash equivalents at end of period

26,866

17,916

7