Kyoritsu Maintenance Co., Ltd.

(Securities Code: 9616)

Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal YearEnding March 31, 2023
［JGAAP］
Nov 20221

Summary of Consolidated Financial Results for the Second Quarter of the Fiscal Year Ending
March 31, 2023 [based on Japanese GAAP]
Nov 9, 2022
Listed exchange: Tokyo

Name of listed company
Kyoritsu Maintenance Co., Ltd.
Code
9616
URL https://www.kyoritsugroup.co.jp/
Representative(Title)President(Name) Koji Nakamura
Contact(Title)Managing Director(Name) Manabu Takaku
Scheduled filing date of Quarterly Report:
Nov 11, 2022
Scheduled date of start of dividend payment:
Dec 5, 2022
Supplementary materials for the quarterly financial results: Yes
Investor conference for the quarterly financial results: Yes (for institutional investors and analysts)

Tel +81-3-5295-7778(Rounded down to the nearest million yen)

1.

Consolidated financial results for the first six months of the fiscal year ending March 31, 2023 (April 1, 2022 to September 30,
2022)(1) Consolidated Operating Results(Percentage figures represent year-over-year changes)

Net sales

Operating profit

Millionyen%

The six months ended September 30, 2022

83,093The six months ended September 30, 2021

67,713(Note) Comprehensive income:

Profit (loss)
attributable to ownersof parent

Ordinary profit

Million yen%

Million
yen

%

22.7

3,945

20.4

-5,619Million
yen

%

–

3,780

–

-5,230

–

2,292

–

–

-4,076–The six months ended September 30, 2022: 2,536 million yen (–%)
The six months ended September 30, 2021: -4,071 million yen (–%)

Profit (loss)
per share

Diluted net income
per share
Yen

Yen

The six months ended September 30, 2022

58.79

50.31

The six months ended September 30, 2021

-104.55–(Note) Diluted net income per share for the previous fiscal year is omitted since the Company recorded net loss per share for this period and there wereno potentially dilutive shares.

(2) Consolidated financial position
Total assets

Total net assets

Equity ratio

Net assets per share

Million yen

Million yen%

Yen

As of September 30, 2022

233,51572,75131.2

1,865.40

As of March 31, 2022

241,723

70,58629.2

1,810.40(Reference) Shareholders’ Equity: As of September 30, 2022: 72,751 million yen As of March 31, 2022: 70,586 million yen

2.

Dividends
Q1 endAnnual dividends
Q3 endQ2 endYear end

Total

Yen

Yen

Yen

Yen

Yen

–

10.00

–

10.00

20.00

–

10.00
–

10.00

20.00

Year ended March 31,
2022
Year ending March
31, 2023
Year ending March
31, 2023 (Forecast)(Note) Revision from most recently announced dividends forecasts: None3.

Forecasted consolidated results for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentage figures represent year-over-year changes)

Net sales

Full Year

Operating profit

Net income
attributable to ownersof the parent

Ordinary profit

Net income pershare

Millionyen%

Millionyen%

Millionyen%

Million
yen

%

Yen

170,000

-2.1

5,500

284.2

5,100

181.1

2,800

419.4

71.79

(Note) Revision from the most recently announced earnings forecasts: Yes
See “Notice of revised forecasts of consolidated financial results” announced today (November 9, 2022), for revised consolidated earnings
forecasts.

2*Notes(1) Changes in major subsidiaries during the period under review (changes in specific subsidiaries accompanied by changes in thescope of consolidation): None
(2) Application of special accounting treatment in the preparation of the quarterly consolidated financial statements: Yes(Note) For details, please see “(4) Notes on Quarterly Consolidated Financial Statements, (Application of special accounting
procedures in the preparation of quarterly consolidated financial statements)” under “2. Quarterly Financial Statements andMajor Notes” on page 13.
(3) Changes in accounting policies, changes in accounting estimates, and restatements(i) Changes in accounting policies due to revision of accounting standards, etc.:

Yes(ii) Changes in accounting policies other than those under (i) above:(iii) Changes in accounting estimates:

None
None

(iv) Retrospective restatements:

None(4) Number of issued shares (common stock)(i) Number of issued shares at the end of
the period (including treasury shares)(ii) Number of treasury shares at the endof the period(iii) Average number of shares
during the period

As of September
30, 2022

39,219,818 Year ended
shares March 31, 2022

39,219,818
shares

As of September
30, 2022

219,161 Year ended
shares March 31, 2022

230,499
shares

As of September
30, 2022

38,993,815 As of September 30,
shares 2021

38,990,123
shares*Summaries of quarterly financial results are not subject to auditing by a certified public accountant or auditing firm.
*Explanation of the appropriate use of earnings forecasts and other special notes(Note concerning forward-looking statements)
The forward-looking statements, including earnings forecasts and other future projections contained in this document are basedon information available to the Company at the time of preparation and on certain assumptions deemed reasonable by theCompany. As such, they do not constitute an assurance that the Company promises to achieve these projected results. Actual
business results may differ materially from the forecasts due to various factors.
Please see “(3) Explanation of Forecasts of Consolidated Results and Other Forward-Looking Information” under “1.
Qualitative Information on Quarterly Results” on page 6 for the assumptions used for the forecast of financial results and notes
concerning the use of the forecast of financial results.
(How to obtain supplementary materials on quarterly financial results)
Supplementary materials on quarterly financial results are posted to TDnet on the same date and to the Company website.

3

Table of contents for attached materials
1. Qualitative Information on Quarterly Results........................................................................................................................................ 5(1) Explanation of Operating Results .................................................................................................................................................... 5(2) Explanation of Financial Position .................................................................................................................................................... 6(3) Explanation of Forecasts of Consolidated Results and Other Forward-Looking Information ......................................................... 6
2. Quarterly Financial Statements and Major Notes .................................................................................................................................. 7(1) Quarterly Consolidated Balance Sheet............................................................................................................................................. 7(2) Quarterly Consolidated Income Statement and Quarterly Consolidated Statement of Comprehensive Income .............................. 9(Quarterly Consolidated Income Statement)(Six Months Ended September 30, 2022) ........................................................................................................................................ 9(Quarterly Consolidated Statement of Comprehensive Income)(Six Months Ended September 30, 2022) ...................................................................................................................................... 10(3) Quarterly Consolidated Cash Flow Statement ............................................................................................................................... 11(4) Notes on Quarterly Consolidated Financial Statements ................................................................................................................. 13(Notes on the going concern assumption)...................................................................................................................................... 13(Notes concerning any notable changes in shareholders’ equity) .................................................................................................. 13(Application of special accounting procedures in the preparation of quarterly consolidated financial statements) ....................... 13(Changes in accounting policies) ................................................................................................................................................... 13(Additional information) ............................................................................................................................................................... 13(Segment Information etc.) ............................................................................................................................................................ 144

1. Qualitative Information on Quarterly Results(1) Explanation of Operating Results
Despite a trend toward normalization of social and economic activities during the first six months of the current fiscal year, as
seen for example by the easing of immigration and behavior restrictions put in place to stop the spread of COVID-19, the future
outlook for the Japanese economy remains uncertain due to factors including skyrocketing energy costs and dramatic exchange
rate fluctuations.
The Group has been on a recovery track. The Hotel Business in particular saw a significant rise in numbers of guests during theGolden Week holiday and summer season, with both occupancy rates and average daily rates returning to the near pre-COVID
levels recorded in April-September 2019. The Group continued to take thorough measures to prevent the spread of infection,
including temperature checks, photocatalyst and other disinfection measures, and contactless services, while taking proactive
measures to restrain overconsumption and reduce waste, as part of efforts to contribute to the Sustainable Development Goals(SDGs).
As a result, results for the first six months of the current fiscal year were net sales of 83,093 million yen (up 22.7% YoY),
operating profit of 3,945 million yen (vs. operating loss of 5,619 million yen in the same period of the previous fiscal year),ordinary income of 3,780 million yen (vs. ordinary loss of 5,230 million yen in the same period of the previous fiscal year), andnet income attributable to owners of parent of 2,292 million yen (vs. loss of 4,076 million yen in the same period of the previous
fiscal year). Results for the first six months of the current fiscal year showed the Group restored profitability for the first time inthree periods.
Segment business performance is reviewed below.
(i) Dormitory BusinessIn the Dormitory Business, the Group opened 19 facilities nationwide with a total of 1,921 rooms in April. Due in part to highregard for safety and security measures implemented at our dormitory facilities during COVID-19 and our focus on meeting
domestic demand, the numbers of Japanese students residing in the dormitories increased sharply. The period began with an
initial occupancy rate of 93.5% (up 1.4 percentage points from the previous year). The numbers of foreign students continued
to rise as well, thanks to the easing of immigration restrictions and other factors. The number of rooms under contract as of
October 1 was up approximately 1,000 rooms from the start of the period, approaching the level recorded during the same
period in 2019.
As a result, net sales were 24,910 million yen (up 7.0% YoY). Operating profit fell to 2,239 million yen (down 10.8% YoY)
due to the cost of opening new facilities, rising energy costs, and other factors.
(ii) Hotel BusinessIn the Hotel Business segment, the Company opened five facilities in the Dormy Inn Business: Natural Hotsprings Hananami-no-yu Onyado Nono Osaka-Yodoyabashi, Natural Hotsprings Fujisakura-no-yu Dormy Inn Express Fujisan-Gotemba,
Natural Hotsprings Morito-no-yu Onyado Nono Sendai, Natural Hotsprings Azumi-no-yu Onyado Nono Matsumoto, andNatural Hotsprings Dandan-no-yu Onyado Nono Matsue. The Company also opened two facilities in the Resorts Business:
Kyoto Umekoji Kadensho and La Vista Tokyo Bay. This timeframe included the first Golden Week holiday and summer
season free of COVID-19 restrictions since 2019. Our facilities attracted numerous guests, based on our reputation for large
hot spring public baths, full-fledged saunas, carefully prepared meals with a focus on local delicacies, and the Yonaki Soba
noodle service. Policies intended to stimulate tourism demand, including discounts for prefectural residents and broader
regional discounts, also proved effective. Both the Dormy Inn Business and the Resorts Business recorded significant growthin sales and profits.
As a result, net sales amounted to 46,490 million yen (up 74.1% YoY). Operating profit was 2,756 million yen (vs. operating
loss of 7,601 million yen in the same period of the previous fiscal year), more than offsetting the cost of opening the newfacilities.
In light of recent developments, including the lifting of the cap on foreign visitors, the return to unrestricted admission ofindividual travelers from overseas, and the launch of nationwide measures to support tourism, business conditions arerecovering and improving. We will strive to build a structure to further enhance our business foundations through efforts likestrategically opening new facilities.
(iii) Comprehensive Building Management BusinessIn the Comprehensive Building Management Business, growth in hotel cleaning services and construction projects resulted
in net sales of 8,053 million yen (up 23.3% YoY) and operating profit of 193 million yen (up 288.0% YoY).

5

(iv) Food Service BusinessIn the Food Service Business, factors including growing numbers of contracted hotel restaurants, increased operations, andthe easing of business restrictions on restaurants resulted in net sales of 4,353 million yen (up 40.3% YoY) and operating profitof 134 million yen (vs. operating loss of 88 million yen in the same period of the previous fiscal year).
(v) Development Business
Due to a rebound from liquidation of real estate in the same period of the previous fiscal year, a decrease in construction
projects, and other factors, the Development Business reported net sales of 585 million yen (down 93.6% YoY) and operating
profit of 30 million yen (down 95.2% YoY).
(vi) Other Businesses
Other Businesses consist of the Senior Life Business (management and operation of senior residences), the Public Kyoritsu
Partnership (PKP) Business (services provided under contract to local governments), support business for people who live
alone, the insurance agency business, comprehensive human-resource services, the financial business, and the administrative
outsourcing business. The total of these businesses resulted in net sales of 7,785 million yen (up 2.9% YoY) and operating
profit of 51 million yen (down 82.3% YoY).

(2) Explanation of Financial Position(i) Assets, Liabilities and Net Assets(Assets)
Total assets at the end of the second quarter of this consolidated fiscal year stood at 233,515 million yen, down by 8,208 million
yen from the end of the previous consolidated fiscal year. Main factors of this decrease included declines in cash and deposits.
(Liabilities)
Liabilities at the end of the second quarter of this consolidated fiscal year stood at 160,763 million yen, down by 10,373
million yen from the end of the previous consolidated fiscal year. This was mainly due to declines in bonds payable and longterm loans payable.
(Net Assets)
Net assets at the end of the second quarter of this consolidated fiscal year stood at 72,751 million yen, up 2,165 million yen
from the end of the previous consolidated fiscal year. This was mainly due to an increase in retained earnings.
As a result, the equity ratio was 31.2%, an increase of 2.0 points from the end of the previous consolidated fiscal year.
(ii) Cash Flows
Cash and cash equivalents as of the end of second quarter of this consolidated fiscal year were 27,195 million yen, decreasedby 10,370 million yen from the end of the previous consolidated fiscal year.
(Cash Flows from Operating Activities)
Net cash used in operating activities was 971 million yen, down 8,283 million yen from the same period last year due to theimpact of net income before income taxes.
(Cash Flows from Investing Activities)
Net cash used in investment activities was 4,530 million yen, down 2,843 million yen from the same period last year due tothe impact of purchase of property, plant and equipment.
(Cash Flows from Financing Activities)
Net cash used in financing activities was 4,867 million yen, with net cash provided decreased by 10,639 million yen from thesame period last year due to the effect of proceeds from long-term loans payable.

(3) Explanation of Forecasts of Consolidated Results and Other Forward-Looking Information
We have revised our forecasts of consolidated financial results for the fiscal year ending March 31, 2023 previously announced
on May 13, 2022. Due in part to a trend toward normalization of social and economic activities, we achieved our full-year profit
forecasts earlier than expected, during the cumulative period through the second quarter of the consolidated fiscal year.
For details, please refer to the “Notice of revised forecasts of consolidated financial results,” released today (November 9, 2022).

6

2. Quarterly Financial Statements and Major Notes(1) Quarterly Consolidated Balance Sheet(Unit: million yen)
As of March 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Real estate for sale
Real estate for sale in process
Costs on uncompleted construction contracts
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible fixed assets
Investments and other assets
Investment securities
Guarantee deposits
Lease deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Total assets

7

As of September 30, 2022

37,942
11,856
7,681
7,719
61
7,769
-76
72,953

27,572
14,074
7,788
8,950
105
7,625
-90
66,02547,03739,35913,173
3,648
103,218
3,384

47,32139,7849,385
4,445
100,937
4,233

3,151
18,826
19,033
20,771-122
61,660168,264505
241,723

3,108
18,69819,47520,709-126
61,865167,035
453
233,515

(Unit: million yen)
As of March 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of bonds payable
Income taxes payable
Provision for bonuses
Provision for directors’ bonuses
Provision for warranties for completed construction
Other
Total current liabilities
Non-current liabilities
Bonds payable
Convertible bonds with share acquisition rights
Long-term loans payable
Provision for directors’ retirement benefits
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

8

As of September 30, 2022

6,20214,820
5,080
1,035
979
76
5
21,23449,433

6,889
15,217
4,980
494
1,106
141
1
15,152
43,983

23,46030,112
61,961
254
1,013
4,902
121,703
171,137

21,02030,09759,653
254
1,080
4,672
116,779
160,763

7,964
12,821
50,383-361
70,807

7,964
12,82552,286-346
72,729

82
225
-583
53
-221
70,586
241,723

42
513
-582
48
21
72,751
233,515

(2) Quarterly Consolidated Income Statement and Quarterly Consolidated Statement of Comprehensive
Income(Quarterly Consolidated Income Statement)(Six Months Ended September 30, 2022)(Unit: million yen)
Six Months Ended
September 30, 2021
(From April 1, 2021
to September 30, 2021)

Six Months Ended
September 30, 2022
(From April 1, 2022
to September 30, 2022)

Net sales

67,71383,093

Cost of sales

63,70967,494Gross profit

4,004

15,598Selling, general and administrative expenses

9,623

11,653Operating profit (loss)-5,6193,945Interest income

55

54

Dividend income

23

46

Subsidy income

345

133

Other

654

95

1,078

330

Interest expenses

290

278

Expenses for measures for COVID-19

142

61

Other

257

154

Total non-operating expenses

689

494

-5,2303,780

Gain on sales of investment securities–

18

Total extraordinary income–

18

Loss on disaster

29

39

Loss on store closings

Non-operating income

Total non-operating income
Non-operating expenses

Ordinary income (loss)
Extraordinary income

Extraordinary losses
110

54

Demolition and removal costs

–

110

Other

13

–

Total extraordinary losses

154

204

Net income (loss) before taxes-5,384

3,594

Income taxes-1,3081,302

Net income (loss)-4,0762,292

Net income (loss) attributable to owners of parent-4,0762,292

9

(Quarterly Consolidated Statement of Comprehensive Income)(Six Months Ended September 30, 2022)(Unit: million yen)
Six Months Ended
September 30, 2021
(From April 1, 2021
to September 30, 2021)
Net income (loss)

Six Months Ended
September 30, 2022
(From April 1, 2022
to September 30, 2022)-4,076

2,292

16

-40

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges–

288

Foreign currency translation adjustment-100Remeasurements of defined benefit plans-2-5

Total other comprehensive income

4

243-4,071

2,536-4,071

2,536

Comprehensive income(Breakdown)Comprehensive income attributable to owners ofparent10

(3) Quarterly Consolidated Cash Flow Statement(Unit: million yen)
Six Months Ended
September 30, 2021
(From April 1, 2021
to September 30, 2021)
Cash flows from operating activities
Net income (loss) before taxes
Depreciation and amortization
Amortization of long-term prepaid expenses
Amortization of security deposits
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Subsidy income
Expenses for measures for COVID-19
Loss on disaster
Loss on store closings
Demolition and removal costs
Decrease (increase) in notes and account receivables trade
Decrease (increase) in accounts receivable - other
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payables trade
Increase (decrease) in advances received
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in deposits received
Increase (decrease) in guarantee deposits received
Other
SubtotalInterest and dividends received
Interest paid
Income taxes refund
Income taxes paid
Proceeds from subsidy income
Expenses for measures for COVID-19 paid
Loss on store closings
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for acquisition of long-term prepaid
expenses
Payments of loans receivableCollection of loans receivable
Payments of lease and guarantee deposits
Proceeds from collection of lease and guarantee
deposits
Purchase of insurance funds
Proceeds from cancellation of insurance funds
Other
Net cash provided by (used in) investing activities

11

Six Months Ended
September 30, 2022
(From April 1, 2022
to September 30, 2022)-5,384
2,982
243
157
8
-78
290
-345
142
29
110
–

3,594
2,871
247
197
127
-101
278
-133
61
39
54
110

347

-2,223416-4,883374-1,432

1,633

687-2,838-1,082
2,374
-811
-309
-588
-7,58420-268
2-1,518
345
-142
-110
-9,255-1,890-689-1,687
-651
55
528
419
64
-291
0
-1,190
133
-61
-45
-971

-30
26
-5,259
2
-200

-31
0
-3,367
2
-188

-82

-131

-502
146
-1,349

-42
90
-841

424

165

-548
26
-27
-7,373

-433
418
-171
-4,530(Unit: million yen)
Six Months Ended
September 30, 2021
(From April 1, 2021
to September 30, 2021)

Six Months Ended
September 30, 2022
(From April 1, 2022
to September 30, 2022)

Cash flows from financing activities
Net increase (decrease) in short-term loans payable

4,540

-150

Proceeds from long-term loans payable

6,200

–

Repayments of long-term loans payable-1,902-1,760

Redemption of bonds-2,641-2,556

Share buybacks
Cash dividends paid
Other

-1

-3

-389

-388

-34

-8

5,772

-4,867-50

Net increase (decrease) in cash and cash equivalents-10,862-10,370

Balance of cash and cash equivalents at the beginning ofcurrent period

24,212

37,565

Balance of cash and cash equivalents at the end of current
period13,34927,195

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents12(4) Notes on Quarterly Consolidated Financial Statements(Notes on the going concern assumption)
Not applicable(Notes concerning any notable changes in shareholders’ equity)
Not applicable(Application of special accounting procedures in the preparation of quarterly consolidated financial statements)(Calculation of tax expenses)
The Company calculates tax expenses by rationally assuming an effective tax rate after applying tax effect accounting to profit(loss) before income taxes for the consolidated fiscal year, including the first six months of the fiscal year, and multiplying profit(loss) before income taxes for the first half of the fiscal year by the estimated effective tax rate. However, if the result of
calculation of tax expenses using the estimated effective tax rate is significantly unreasonable, the statutory effective tax rate isused.

(Changes in accounting policies)(Application of accounting standards for calculation of fair value, etc.)
Since the beginning of the first quarter of this consolidated fiscal year, the Company has applied the Implementation Guidanceon Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, June 17, 2021). The Company will continue toapply the new accounting policy prescribed in the Implementation Guidance on Accounting Standard for Fair Value
Measurement in accordance with the transitional treatment set forth in Paragraph 27-2 of the Implementation Guidance on
Accounting Standard for Fair Value Measurement. This change will not have any impact on the quarterly consolidated financial
statements.

(Additional information)(Application of handling of account processing and disclosure when applying the Group Tax Sharing System)
The Company and some of its domestic consolidated subsidiaries have transitioned from the Consolidated Taxation System to
the Group Tax Sharing System since the first quarter of this consolidated fiscal year. Accordingly, account processing anddisclosure for tax effect accounting for national and local income taxes will be carried out in accordance with the Practical
Solution on the Accounting and Disclosure Under the Group Tax Sharing System (ASBJ Practical Solution No. 42, August 12,2021). In addition, the change in accounting policies accompanying the application of Practical Solution No. 42 is deemed tohave no effect, pursuant to Paragraph 32 (1) of Practical Solution No. 42.

13

(Segment Information etc.)[Segment Information]
I For the six months ended September 30, 2021 (April 1, 2021 – September 30, 2021)
1. Information on net sales, income or loss by each reporting segment
Reporting segment

Dormitory

Hotel

Comprehensive
Building
Management

Other
Food
Service

Development

Total

Note 1

Total(Unit: million yen)Amountrecorded on
Adjustment consolidated
amountquarterly
Note 2incomestatement
Note 3

Net sales
Net sales to externalcustomers

23,112

26,648

3,289

312

7,022

60,385

7,327

67,713–67,713

Inter-segmental sales
or transfers

162

49

3,241

2,791

2,079

8,323

240

8,563

-8,563–

Total

23,274

26,697

6,531

3,103

9,101

68,708

7,568

76,277-8,56367,713

Segment profit(loss)

2,509-7,601

49

-88

633

-4,496293-4,203-1,416-5,619Notes: 1. The Other Business segment consists of the following businesses which are not included in the other reporting
segments: the Senior Life Business (management and operation of senior residences), the Public Kyoritsu Partnership(PKP) Business (services provided under contract to local governments), support business for people who live alone,
the insurance agency business, comprehensive human-resource services, the financial business, the administrative
outsourcing business, and other additional businesses.
2. Adjustment of segment profit (loss) of -1,416 million yen includes the amount of elimination of inter-segment
transactions of 47 million yen and corporate expenses of -1,463 million yen that are not allocated to each reportablesegment. Corporate expenses mainly consist of expenses related to the Accounting Department and otheradministrative departments of the head office.
3. Segment profit (loss) is adjusted with operating loss on the quarterly consolidated statement of income.
2. Information on impairment loss on non-current assets or goodwill, etc. by reporting segment
Not applicable14II For the six months ended September 30, 2022 (April 1, 2022 – September 30, 2022)
1. Information on net sales, income or loss by each reporting segment
Reporting segment

Dormitory

Hotel

Comprehensive
Building
Management

Other
Food
Service

Development

Total

Total

Note 1(Unit: million yen)Amountrecorded on
Adjustment consolidated
amountquarterly
Note 2incomestatement
Note 3

Net sales
Net sales to externalcustomers

24,741

46,428

3,716

573

179

75,6397,453

83,093–83,093

Inter-segmental sales
or transfers

169

61

4,337

3,780

405

8,754

331

9,086

-9,086–

Total

24,91046,490

8,053

4,353

585

84,393

7,785

92,179-9,086

83,093

Segment profit(loss)

2,239

2,756

193

134

30

5,354

51

5,405

-1,4603,945

Notes: 1. The Other Business segment consists of the following businesses which are not included in the other reporting
segments: the Senior Life Business (management and operation of senior residences), the Public Kyoritsu Partnership(PKP) Business (services provided under contract to local governments), support business for people who live alone,
the insurance agency business, comprehensive human-resource services, the financial business, the administrative
outsourcing business, and other additional businesses.
2. Adjustment of segment profit (loss) of -1,460 million yen includes the amount of elimination of inter-segment
transactions of 182 million yen and corporate expenses of -1,642 million yen that are not allocated to each reportablesegment. Corporate expenses mainly consist of expenses related to the Accounting Department and otheradministrative departments of the head office.
3. Segment profit (loss) is adjusted with operating loss on the quarterly consolidated statement of income.
2. Information on impairment loss of non-current assets or goodwill, etc. by reporting segment
Not applicable15