Financial Results for the Fiscal Year Ended
March 31, 2017
TOKAI Holdings Corporation(Code: 3167)
May 9, 2017

Record profits on sharp profit growth◎ Mostly attained earnings forecasts revised up in October 2016
◎ Steady progress with earnings improvement totaling 4.4 billion yen in focus areas ofHikari Collaboration and Aqua led to sharp profit growth. The Aqua business turned
profitable for the first time.
◎ Price revision due to fall in procurement prices of raw materials for gas lowered sales
by 6.5 billion yen from previous fiscal year
(Millions of yen)

YoY change

FY03/17
resultFY03/16
resultForecast

178,631180,940

12,750Of which, Hikari
Collaboration
Of which, Aqua

Versus forecast

Amount ofchange

Percentchange (%)

Amount ofchange

Percentchange (%)

179,700-2,309-1.3-1,069

-0.6

8,245

12,750+4,504+54.6+0+0.0-67-3,007-442+2,940–+375–

298-1,119

301+1,417–-3-1.1

12,7758,150

12,360+4,625

+56.7

+415

+3.4

Net income

7,337

3,458

6,500

+3,878+112.1+837+12.9

EPS (Yen)(64.46)(30.01)(57.23)(+34.45)(+114.8)(+7.23)(+12.6)

Sales
Operating profit

Recurring profit* Operating profit of Hikari Collaboration and Aqua businesses are prior to elimination of indirect expenses.

1

Results by segment (YoY change)◎ Sales were flat YoY, with higher revenue from paying customers offset by negative effect of gas price cut (-3.6%)◎ Information and Communications segment profit up by 1.9 billion yen on promotion of Hikari Collaboration toconsumers◎ Aqua business turned profitable for the full year, improving balance sheet by 1.4 billion yen by switching to astrategy that emphasizes cost efficiency◎ CATV business profit up by 800 million yen on increased customer count and operating expense cuts(Millions of yen)）

Sales
FY03/17 results

Operating profit
YoY change

FY03/17 results

YoY change

Gas and Petroleum

73,344-9.2%

9,161+170

Information andCommunications

49,508+11.9%

4,213+1,905

CATV

25,396+3.2%

2,752+777

Building and Real Estate

19,511-7.0%

1,098-168

Aqua

5,762

+5.0%

298+1,417

Others, adjustments

5,108

+4.8%

-4,774+403

178,631-1.3%

12,750+4,504

Total* Prior to elimination of indirect expenses

2

Group customer count◎ Group customer count up by six thousand from previous year to 2.56 million customers◎ Net increase for two consecutive fiscal years in gas and CATV businesses due to a rise in new registrations,
expanding their customer base
◎ Solid increase in customers of Aqua business despite new emphasis on cost efficiency◎ Information and Communications business promote switch to Hikari Collaboration while previous ISP businessdeclines(Thousands of customers)

End-FY03/12

End-FY03/13

End-FY03/14End-FY03/15

End-FY03/16

End-FY03/17

648

629

628

626

634

642

Previous ISP model,etc.

758

816

854

859

633

528

Hikari Collaboration－－－4219

299

193

213

227

235

236

233

951

1,029

1,082

1,099

1,088

1,061

CATV

722

691

693

690

710

733

Aqua

97

102

122

130

133

135

Security

20

19

19

18

18

17

2,415

2,445

2,519

2,537

2,558

2,564

Information andCommunications

Gas (LP and city gas)

MobileSubtotal

Total* The number of customers below a thousand are rounded to the nearest thousand. Information and Communications and CATV both offer communications services, so
total figures avoid duplication.

3

Further progress with improvement offinancial indicators◎ Further progress in financial position improvement, which the Company has focusedon over six fiscal years since management integration◎ Interest-bearing debt reduced to 54.1 billion yen and equity ratio improved to 35%◎ EBITDA increases to 28.4 billion on steady progress with earnings performance(Millions of yen)

EndFY03/12

EndFY03/13

EndFY03/14

EndFY03/15

EndFY03/16

EndFY03/17

Total assets

183,735

177,642

173,620

165,702160,303

161,112Total liabilities

156,553

143,631

135,291

122,234

118,332

104,665

Total net assets

27,18134,011

38,32943,467

41,97056,446

Interest-bearing
debt

105,659

93,66885,843

73,114

71,41054,137

EBITDA

28,826

26,382

24,96526,23324,98028,392Equity ratio

14.3 %

18.6 %

21.6 %

25.7 %

25.6 %

34.5 %

4

Dividend increase over two consecutive
fiscal years, doubling in FY03/17◎ Posted record profits in FY03/17 and attained final-year targets of second medium-term
management plan IP16◎ To pay annual dividend of 28 yen per share, including IP16 achievement commemorative dividendof 6 yen per share as announced in October 2016
◎ Two consecutive fiscal years of dividend increase and an annual dividend of 28 yen per share in
FY03/17 versus 14 yen per share in FY03/16, a twofold increase
30

25

28 yen per share

Commemorative dividend
Year-end dividend

6interim dividend

14 yen＋

20

14 yen per share
15

10

12 yen per share 12 yen per share

66

12 per share

12 yen per share

6617
118
11566666

FY03/12

FY03/13

FY03/14FY03/15

FY03/160

FY03/175

The performance forecasts and forward-looking statements in these materials are based on
information currently available to the Company, and include potential risks and uncertainties.
Please be aware that due to changes in a variety of factors, actual results may differ
materially from the projections and other forward-looking statements in these materials.

Please contact us with any questions regarding these materials.
Public Relations and Investor Relations Office
TOKAI Holdings Corporation
2-6-8 Tokiwa-cho, Aoi-ku, Shizuoka 420-0034, Japan
Phone: +81-(0)54 275-0007
Fax: +81-(0)54-275-1110
http://tokaiholdings.co.jp/
e-mail： overseas_IR@tokaigroup.co.jp