FOR TRANSLATION PURPOSE ONLY
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 version and the original Japanese version, the latter shall prevail.
August 9, 2022

Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year 2022 (FY12/2022)[Japanese GAAP] (Consolidated)

Company name:teno. Holdings Company Limited
Stock exchange listing:Tokyo, Fukuoka
Securities code:
7037
URL:
https://www.teno.co.jp/
Representative:
President & CEO
Hiroko Ikeuchi
Inquiries:
Director, GM of Administrative Headquarter
Motoshi Okada
TEL: 81-92-263-3550
Scheduled date to file Securities Report:
August 10, 2022
Scheduled date to commence dividend payments:
N/A
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:Yes (for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results of the second quarter of FY12/2022 (January 1, 2022 – June 30, 2022)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year increase/decrease)
Net profit (loss)attributable toOperating
Ordinary
Net sales
owners of parent
profit (loss)
profit (loss)
2Q of FY12/2022
2Q of FY12/2021(Note) Comprehensive income

million yen%

million yen%

million yen%

million yen

%

5,929
5,794

2.3
8.4

77
272

(71.7)(21.8)

86286(69.8)(16.3)

25
177(85.6)(16.7)

2Q of FY12/2022:
2Q of FY12/2021:

25 million yen [(85.9)%]177 million yen [(16.7)%]

Net profit (loss) per share
2Q of FY12/2022
2Q of FY12/2021

Diluted net profit (loss) per share

yen

yen

5.53
37.93

5.50
37.63

(2) Consolidated financial position
Total assets
2Q of FY12/2022
FY12/2021
2Q of FY12/2022:
FY12/2021:(Reference) Shareholders equity

Net assets

Equity ratio

million yen

million yen

%

7,578
7,294

2,232
2,331

29.5
32.0

2,232 million yen
2,331 million yen

2. Cash dividends
1Q-endFY12/2021
FY12/2022
FY12/2022 (forecasts)

2Q-endAnnual dividends per share
3Q-endYear-end

Total

yen

yen

yen

yen

yen

－
－

0.00
0.00

－

8.40

8.40

－

9.00

9.00

3. Consolidated performance forecasts for FY12/2022 (January 1, 2022 – December 31, 2022)
Net sales
Full-term

Operating profit

Percentages indicate year-on-year increase/decrease
Net profit attributable to
Net profit per shareowners of parent

Ordinary profit

million yen%

million yen%

million yen%

million yen%

yen

12,500

9.1

477

2.0

459

0.8

257

8.4

54.88

FOR TRANSLATION PURPOSE ONLY

*Notes(1) Changes in significant subsidiaries during the period(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods to the preparation of quarterly consolidated financial statement: No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements① Changes in accounting policies due to revisions to accounting standards and other regulations:Yes② Changes in accounting policies due to other reasons:No③ Changes in accounting estimates:
No④ Restatement of prior period financial statements:
No(4) Number of issued shares (common shares)① Total number of issued shares at the end of the period (including treasury stock)
2Q of FY12/2022:
4,683,300 shares FY12/2021:
4,683,300 shares② Number of treasury stock at the end of the period
2Q of FY12/2022:
132,724 shares 2Q of FY12/2021:③ Average number of shares during the period
2Q of FY12/2022:
4,621,114 shares

2Q of FY12/2021:

224 shares
4,672,812 shares* Summary of financial results is not covered by audit by a certified public accountant or an auditing firm.
* Explanation regarding appropriate use of the performance forecasts and other special notes(Notes on descriptions about the future, etc.)
Descriptions about the future such as performance forecasts contained in this document are based on information currently
available to the Company and certain presumptions considered as reasonable, and those are not intended to indicate the Company
should assure that it would realize such forecasts. Meanwhile, actual performance in the future may differ substantially,
influenced by a wide variety of factors.
(How to obtain quarterly supplementary material on financial results)
Supplementary material on financial results for the second quarter of FY12/2022 will be posted on the Company's website on
August 26, 2022 (Fri.).
(How to obtain materials for quarterly briefing on financial results)
Briefing for institutional investors and analysts will be held on August 26, 2022 (Fri.). Materials for this briefing will be posted
on our website no later than the day of briefing.

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022○ Table of Contents: Appendix
1. Qualitative Information regarding the Financial Results of the Current Quarter ............................................................... 2(1) Descriptions regarding operating results ....................................................................................................................... 2(2) Descriptions regarding financial position ..................................................................................................................... 3(3) Cash flow status ............................................................................................................................................................ 4(4) Descriptions regarding future prospects such as consolidated performance forecasts .................................................. 4
2. Quarterly Consolidated Financial Statements and Principal Notes .................................................................................... 5(1) Quarterly Consolidated Balance Sheets ........................................................................................................................ 5(2) Quarterly Consolidated Statements of Income and Statements of Comprehensive Income ......................................... 7
Quarterly Consolidated Statements of Income
For the second quarter consolidated cumulative period ........................................................................................... 7
Quarterly Consolidated Statements of Comprehensive Income
For the second quarter consolidated cumulative period ........................................................................................... 8(3) Quarterly Consolidated Cash Flow Statements ............................................................................................................. 9(4) Notes on Quarterly Consolidated Financial Statements ................................................................................................ 10(Going Concern Assumption) ........................................................................................................................................ 10(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) .......................................................... 10(Change in Accounting Principles) ................................................................................................................................ 10(Segment Information, etc.)........................................................................................................................................... 10(Per Share Data) ............................................................................................................................................................ 12(Significant Post-Balance Sheet Events) ....................................................................................................................... 121

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022

1. Qualitative Information regarding the Financial Results of the Current Quarter(1)

Descriptions regarding operating results

During the current second quarter consolidated cumulative period, although Japanese economy has seen some movements
towards normalization of economic/social activities with the progress of a variety of measures against COVID-19, new mutant
strains have appeared one after another. Repeated widespread of infections had further impacts and we cannot still predict
when such a situation would come to an end. In addition, military invasion by Russia into Ukraine caused rise in prices of raw
materials, fluctuations in the financial capital markets, restrictions on supply and many other impacts, so we should still be
cautious about them and there remains high-level of uncertainty that leads to unpredictable future situations.
With respect to the business environment surrounding the Group, the bill for newly establishing “Children and Family
Agency”, which would be a commanding post of policies for children, was passed at the plenary session of the House ofRepresentatives and the Agency is scheduled to be established in April 2023. This has drawn keen interests in promoting
diverse ways of working and infrastructure development worth for empowerment of women, including measures for enhanced
support for child-raising responsive to various needs, such as environmental improvement and building up supporting
structures for measures concerning birthrate decline and poverty among children, as well as for promoting social
empowerment of women.
In addition, “New Plans for Secure Child-raising” published in December 2020 indicates that it is necessary to create
additional capacity of childcare facilities for about 140,000 children in four fiscal years between 2021 and 2024. Also, target of
employment rate of women had previously been set as 80%, but the Cabinet decided to raise it to 82% (by 2025) (Source:“The Second Phase of ‘Comprehensive Strategy for Town / People / Job Creation’”, February 2019). Following thesegovernment policies, continuous expansion of market size can be anticipated, and we think the roles of businesses carried out
by the Group as a social infrastructure to support regional welfare will be more significant than ever.
Amid such an environment, in order to respond to greater needs for childcare facilities and various needs created byadvancement of women into society, the Group has started to run additional childcare centers / nursing homes as follows
during the current second quarter consolidated cumulative period.
(Public Childcare Business)
Certified childcare centersTokyo

1 facility in total
1 (in Chuo Ward)(Contracted Childcare Business)
9 facilities in total
Childcare centers inside companies/hospitals
Fukuoka Pref.
4 (1 in Fukuoka City; 1 in Munakata City; 1 in Kurume City; 1 in Kitakyushu City)
Kagoshima Pref.
1 (in Satsumasendai City)
Okinawa Pref.
1 (in Itoman City)
After-school childcare centers
Fukuoka Pref.
3 (all Chikugo City)(Others)
Regional childcare centers
Okinawa Pref.
Fukuoka Pref.
Osaka Pref.
After-school childcare centers
Fukuoka Pref.

6 facilities in total
1 nursing home (in Uruma City)
1 (in Fukuoka City)
4 (1 in Toyonaka City; 2 in Higashiosaka City; 1 in Kishiwada City)3 (all Chikugo City)

Taking the above into consideration, as of the end of June 2022, numbers of facilities in operation are as follows: 65 in
Public Childcare Business (46 certified childcare centers and 19 small certified childcare centers); 221 in Contracted Childcare
Business (130 contracted childcare centers, 59 after-school childcare centers, and 32 Waiwai Parks); and 13 in Other Business(4 non-certified childcare centers, 2 regional childcare centers, 3 day-care nursing facilities (day-service), 3 residence-type
paid nursing homes, and 1 residence with services for elderly people)); namely 299 facilities in total.

Consequently, consolidated performance of the current second quarter consolidated cumulative period was as follows: Net
sales of 5,929 million yen (increase by 2.3% YoY); Operating profit of 77 million yen (decrease by 71.7% YoY); Ordinary
profit of 86 million yen (decrease by 69.8% YoY); and Net profit attributable to owners of parent of 25 million yen (decreaseby 85.6% YoY).

2

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022

Operating results of individual business segments are as follows. It should be noted that segment net sales as shown below
are those before offsetting inter-segment transactions.
(Public Childcare Business)
In the Public Childcare Business segment, 1 new certified childcare centers was opened during the current second quarter
consolidated cumulative period. In addition, each existing facility has put efforts not only to improved quality of childcare andenhanced efficiency of operation, but also to cost reduction such as going paperless. However, SG&A expenses including
personnel expenses and other expenses increased because of putting efforts to reinforcing headquarters scheme and recruiting
field staff.
For the current second quarter consolidated cumulative period, these operations resulted in Net sales of 3,751 million yen(increase by 0.5% YoY), and Segment profit of 309 million yen (decrease by 23.6% YoY).
(Contracted Childcare Business)
In the Contracted Childcare Business segment, efforts were put to sales activities for obtaining new contracts for childcare
centers provided by companies/hospitals, and 6 centers were newly opened during the current second quarter consolidated
cumulative period. Efforts are put also to reconsidering unit contract prices at existing contracted centers, and reinforcement of
earnings foundation is encouraged. Concerning after-school childcare centers, dealing newly started with Chikugo City and 3
centers have been opened. Each existing center has put efforts to improved quality of childcare and enhanced efficiency ofoperation. However, this segment suffered from lower revenues and profit due to, for example, decreased revenues because ofcontracted childcare centers having ceased their operations at the end of March 2021, and lower operation availability becauseof some facilities affected by COVID-19 having no choice but to temporarily close.
For the current second quarter consolidated cumulative period, these operations resulted in Net sales of 1,671 million yen(decrease by 6.1% YoY), and Segment profit of 24 million yen (decrease by 64.0% YoY).
(Other Business)
In the Other Business segment, efforts were put to staffing services mainly to kindergartens and childcare centers,
improved service quality at directly run non-certified childcare centers and nursing homes, and enhanced operational
efficiency. Also, Forte Co., Ltd. which became a subsidiary at the end of January 2022 contributed to higher revenues. On theother hand, preceding cost of new businesses (marriage counseling service, support for Hokatsu (activities carried by ofparents who want to have their children kept at certified childcare centers)) led to lower profit.
For the current second quarter consolidated cumulative period, these operations resulted in Net sales of 507 million yen(increase by 74.4% YoY), and Segment profit of 0 million yen (decrease by 96.1% YoY).
(2) Descriptions regarding financial position(Assets)
Total assets at the end of the current second quarter consolidated fiscal period was 7,578 million yen, i.e. increase by 284
million yen from 7,294 million yen as of the end of the previous consolidated FY.
Current assets was 3,045 million yen, i.e. decrease by 169 million yen from 3,215 million yen as of the end of the previous
consolidated FY. This is mainly due to decrease in cash and deposits by 139 million yen, and decrease in other current assets
by 29 million yen.
Non-current assets was 4,533 million yen, i.e. increase by 454 million yen from 4,079 million yen as of the end of theprevious consolidated FY. This is due to decrease in property, plant and equipment by 97 million yen, increase in intangible
assets by 471 million yen and increase in investment and other assets by 80 million yen.
(Liabilities)
Liabilities at the end of the current second quarter consolidated fiscal period was 5,345 million yen, i.e. increase by 382
million yen from 4,962 million yen as of the end of the previous consolidated FY.
Current liabilities was 2,515 million yen, i.e. increase by 88 million yen from 2,427 million yen as of the end of the previous
consolidated FY. This is mainly due to decrease in accounts payable - other by 93 million yen, increase in income taxes payable
by 60 million yen, increase in provision for bonuses by 218 million yen, and decrease in other current liabilities by 107 millionyen.
Non-current liabilities was 2,829 million yen, i.e. increase by 294 million yen from 2,535 million yen as of the end of theprevious consolidated FY. This is due to increase in long-term loans payable by 294 million yen.
(Net assets)
Net assets at the end of the current second quarter consolidated fiscal period was 2,232 million yen, i.e. decrease by 98
million yen from 2,331 million yen as of the end of the previous consolidated FY. This is due to decrease in retained earnings
by 39 million yen because of paying dividends, and increase in retained earnings by 25 million yen because of allocating
quarterly net profit attributable to owners of parent. Besides, treasury stock increased by 84 million yen because of purchase oftreasury stock.
3

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(3) Cash flow status
With respect to cash and cash equivalents (hereinafter, "business fund") during the current second quarter consolidated
cumulative period, due to 242 million yen provided from operating activities, 489 million yen used in investment activities,
and 97 million yen used in financial activities, business fund decreased by 149 million yen as compared to the end of theprevious consolidated FY and thus it was 1,595 million yen.
Each cash flow status and factors thereof in the current second quarter consolidated cumulative period was as follows.
(Cash flows from operating activities)
Business fund provided by operating activities was 242 million yen (in comparison, it was 385 million yen in the previous
second quarter consolidated cumulative period). This is mainly due to net profit before income taxes and minority interests of
86 million yen, depreciation of 98 million yen, and amortization of goodwill of 59 million yen.
(Cash flows from investing activities)
Business fund used in investment activities was 489 million yen (in comparison, it was 150 million yen in the previous
second quarter consolidated cumulative period). This is mainly due to subsidy received of 246 million yen, expense of 214
million yen for purchase of property, plant and equipment, expense of 53 million yen for purchase of intangible assets, andexpense of 463 million yen for purchase of investments in subsidiaries resulting in change in scope of consolidation.
(Cash flows from financing activities)
Business fund provided by financial activities was 97 million yen (whereas one million yen was used in the previous
second quarter consolidated cumulative period). This is mainly due to proceeds from long-term loans payable of 800 million
yen, net decrease in short-term loans payable by 50 million yen, repayments of long-term loans payable of 523 million yen,and dividends paid of 39 million yen.

(4) Descriptions regarding future prospects such as consolidated performance forecasts
Performance forecasts for FY03/2022 have not been changed since the last announcement on February 12, 2022.

4

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022

2.

Quarterly Consolidated Financial Statements and Principal Notes(1)

Quarterly Consolidated Balance Sheets(million yen)Previous consolidated
fiscal year
(December 31, 2021)
AssetsCurrent assets
Cash and deposits
Accounts receivable - trade
Accounts receivable - trade & contract assets
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures (net)
Leased assets
Accumulated depreciation
Leased assets (net)
Construction in progress
Others
Accumulated depreciation
Others (net)Total property, plant and equipment
Intangible assets
Goodwill
OthersTotal intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Long-term prepaid expenses
Deferred tax assets
Lease and guarantee deposits
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - other
Income taxes payable
Provision for bonuses
OthersTotal current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for directors' retirement benefits
Asset retirement obligations
OthersTotal non-current liabilities
Total liabilities
5

Current second quarter
consolidated fiscal period(June 30, 2022)

1,793
980
－
441
(0)
3,215

1,653
－
981
412
(1)
3,045

2,392
(874)
1,518
15
(13)
2
108
359
(314)
45
1,675

2,465
(946)
1,518
15
(14)
0
3
390
(334)
55
1,577

649
169
819

1,082
208
1,290

10
777
323
110
362
5
(5)
1,584
4,079
7,294

10
757
326
190
379
5
(5)
1,664
4,533
7,578

22
550
444
718
87
62
543
2,427

30
500
495
625
147
280
436
2,515

2,390
13
23
92
15
2,535
4,962

2,684
1
23
105
14
2,829
5,345

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(million yen)Previous consolidated
fiscal year
(December 31, 2021)
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Total net assets
Total liabilities and net assets

453
531
1,347
(0)
2,331
2,331
7,294

6

Current second quarter
consolidated fiscal period(June 30, 2022)

453
531
1,333
(84)
2,232
2,232
7,578

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(2)

Quarterly Consolidated Statements of Income and Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(For the second quarter consolidated cumulative period)(million yen)

Net sales
Cost of sales
Gross profit
SG&A expenses
Operating profit (loss)
Non-operating profit (loss)
Interest income
Subsidy income
OthersTotal non-operating profit (loss)
Non-operating expenses
Interest expenses
Commission for purchase of treasury stock
OthersTotal non-operating expenses
Ordinary profit (loss)
Extraordinary profit
Subsidy income
Total extraordinary profit

Previous second quarter
consolidated cumulative
periodCurrent second quarter
consolidated cumulative
period(Jan. 1, 2021 – Jun. 30, 2021)(Jan. 1, 2022 – Jun. 30, 2022)

5,794
4,821

5,929
5,035

973
700
272

894
817
77

2
20
0
23

2
19
3
25

8
－
2
10
286

8
4
4
16
86

478
478

246
246

476

246

4

－

481

246

283
192
(85)
106
177
177

86
149
(88)
61
25
25

Extraordinary losses
Loss on reduction of non-current assets
Subsidy returned
Total extraordinary losses
Net profit (loss) before income taxes and minority interests
Income taxes
Income taxes - deferred
Total income taxes
Net profit (loss)
Net profit (loss) attributable to owners of parent

7

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(Quarterly Consolidated Statements of Comprehensive Income)(For the second quarter consolidated cumulative period)(million yen)

Net profit (loss)
Comprehensive income (loss)(detail)Comprehensive income (loss) attributable to owners of parent

8

Previous second quarter
consolidated cumulative
periodCurrent second quarter
consolidated cumulative
period(Jan. 1, 2021 – Jun. 30, 2021)(Jan. 1, 2022 – Jun. 30, 2022)

177
177

25
25

177

25

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(3)

Quarterly Consolidated Cash Flow Statements(million yen)Previous second
quarter consolidated
cumulative period(Jan. 1, 2021 –Jun. 30, 2021)

Cash flows from operating activities
Net profit (loss) before income taxes and minority interests
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors' retirement benefits
Interest and dividends income
Interest expenses
Subsidy income
Loss on reduction of non-current assets
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in notes and accounts receivable - trade & contract assets
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in accounts payable - other
OthersSubtotalInterest and dividends income received
Interest expenses paid
Income taxed paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investments in subsidiaries resulting in change in scope of consolidation
Proceeds from subsidy
Collection of long-term loans receivable
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Repayments of lease obligations
Proceeds from issuance of stock resulting from exercise of subscription rights to shares
Purchase of treasury stock
Cash dividends paid
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

9

Current second
quarter consolidated
cumulative period(Jan. 1, 2022 –Jun. 30, 2022)

283
100
30
0
223
1
(2)
8
(478)
476
202
－
1
(142)
(129)
576
0
(8)
(181)
385

86
98
59
0
212
0
(2)
8
(246)
246
－
79
8
(112)
(75)
362
0
(8)
(111)
242

(9)
(570)
(69)
－
478
22
(9)
5
(150)

(10)
(214)
(53)
(463)
246
22
(22)
5
(489)

200
70

(50)
800

(235)
(1)
4
(0)
(38)
(1)
233
1,865
2,099

(523)
(1)
－
(88)
(39)
97
(149)
1,745
1,595

teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(4)

Notes on Consolidated Financial Statements(Going Concern Assumption)
Not applicable.
(Notes in case of significant changes in the amount of shareholders’ equity)
Not applicable.
(Change in Accounting Principles)(Application of accounting standard for revenue recognition, etc.)
The Company has applied the "Accounting Standard for Revenue Recognition" (Accounting Standards Board of Japan
Guidance No. 29 of March 31, 2020), etc. since the beginning of the first quarter consolidated fiscal period, and recognizes
as its revenue an amount which could be received in exchange of a promised good or service upon transfer of control oversuch good or service to a customer.
Meanwhile, there is no effect on the quarterly consolidated financial statements of the current & previous second
quarter consolidated cumulative periods and the consolidated financial statements of the previous consolidated fiscal year.
After applying the Accounting Standard for Revenue Recognition, etc., “Accounts receivable - trade” that had beenshown as such under “Current assets” in the Consolidated Balance Sheets of the previous consolidated fiscal year has
currently been presented as “Accounts receivable - trade & contract assets” since the first quarter consolidated fiscal
period. In addition, “Decrease (increase) in notes and accounts receivable - trade” that had been shown as such under“Cash flows from operating activities” in the Quarterly Consolidated Cash Flow Statements of the previous second quarter
consolidated cumulative period has now been included in “Decrease (increase) in notes and accounts receivable - trade &contract assets” since the current second quarter consolidated cumulative period. Meanwhile, in accordance with theprovisional treatment as set forth in Section 89-2 of the Accounting Standard for Revenue Recognition, no interchange inline with the new presentation method was done for both the previous consolidated fiscal year and the current second
quarter consolidated cumulative period. Further, in accordance with the transitional treatment as set forth in Section 28-15of the “Accounting Standard for Quarterly Financial Statements” (Accounting Standards Board of Japan Guidance No. 12of March 31, 2020), information about breakdown of earnings arising from contracts with customers during the previous
second quarter consolidated cumulative period is not presented.
(Segment Information, etc.)【Segment information】
I. Previous second quarter consolidated fiscal period (January 1, 2021 – June 30, 2021)
1. Information on amounts of net sales, profit/loss, assets, liabilities and other items for each reportable segment(million yen)

Reportable segments

Other
Business

Total

Adjustment

Amountallocated on
consolidated
statements
of incomePublicChildcareBusiness

Contracted
ChildcareBusiness

3,733

1,780

5,513

281

5,794

－

5,794

－

－

－

9

9

(9)

－

3,733

1,780

5,513

290

5,804

(9)

5,794

404

67

471

7

479

(206)

272

Subtotal(Note 2)

(Note1)(Note 3)

Net sales
Sales from externalcustomers
Inter-segment sales ortransfer
Total
Segment profit (loss)
Notes 1.

2.
3.

“Other Business” category is a segment not included in the reportable segments and includes services responsive to various
needs such as staffing services to kindergartens and childcare centers, baby-sitter services and house services; operation of
tenoSCHOOLs, non-certified childcare centers, certified childcare center (In-establishment Childcare Business) and nursing
homes (day-service).
Adjusted segment profit (loss) includes corporate expenses not allocated to individual reportable segments of (206) million
yen. Corporate expenses mainly comprises those for operating the Company (holding company).
Segment profit (loss) has been aligned with the operating profit (loss) presented on the Quarterly Consolidated Statementsof Income.

2. Information on impairment loss of non-current assets or goodwill, etc., for each reportable segment
Not applicable.

10teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022

II. Current second quarter consolidated fiscal period (January 1, 2022 – June 30, 2022)
1. Information on amounts of net sales, profit/loss, assets, liabilities and other items for each reportable segment(million yen)

Reportable segments

Other
Business

Total

Adjustment

Amountallocated on
consolidated
statements
of incomePublicChildcareBusiness

Contracted
ChildcareBusiness

3,751

1,671

5,423

506

5,929

－

5,929

－

－

－

1

1

(1)

－

3,751

1,671

5,423

507

5,930

(1)

5,929

309

24

333

0

333

(256)

77

Subtotal(Note 2)

(Note1)(Note 3)

Net sales
Sales from externalcustomers
Inter-segment sales ortransfer
Total
Segment profit (loss)
Notes 1.

2.
3.

“Other Business” category is a segment not included in the reportable segments and includes services responsive to various
needs such as staffing services to kindergartens and childcare centers, baby-sitter services and house services; operation of
tenoSCHOOLs, non-certified childcare centers, regional childcare centers, nursing homes (day-service, residence for elderly
people); marriage counseling services (Tenomari); and Hokatsu business (Hokatsu assistance).
Adjusted segment profit (loss) includes corporate expenses not allocated to individual reportable segments of (256) million
yen. Corporate expenses mainly comprises those for operating the Company (holding company).
Segment profit (loss) has been aligned with the operating profit (loss) presented on the Quarterly Consolidated Statementsof Income.

2. Information on impairment loss of non-current assets or goodwill, etc., for each reportable segment
Not applicable.

11teno. Holdings Company Limited (7037)

FOR TRANSLATION PURPOSE ONLY

Summary of Consolidated Financial Results for the Second Quarter of FY12/2022(Per share data)
Calculation bases of quarterly net profit per share and diluted net profit per share are as follows.
Previous second quarter
consolidated fiscal period

Current second quarter
consolidated fiscal period(Jan. 1, 2021 – Jun. 30, 2021)(Jan. 1, 2022 – Jun. 30, 2022)(1) Net profit (loss) per share

37.93 yen

5.53 yen

177

25

－

－

177

25

4,672,812

4,621,114

37.63 yen

5.50 yen－－

37,121

23,861－－(Calculation bases)
Net profit attributable to owners of parent(million yen)Amount not attributable to common stockholders(million yen)

Net profit (loss) attributable to owners of parent
applicable to common shares(million yen)

Average number of common shares outstanding
during the period(shares)(2) Diluted net profit per share(Calculation bases)
Adjusted net profit (loss) attributable to owners ofparent(million yen)

Increased number of shares (common stock)(shares)

Summary of residual securities not included in
calculating diluted earnings per share, because of
having no dilution effect(Significant Post-Balance Sheet Events)
Not applicable.

12