Tess : Financial Results Meeting Materials for the Nine Months Ended March 31, 2022

Financial Results Meeting Materials

for the Nine Months Ended March 31, 2022

May 16, 2022

TESS Holdings Co., Ltd.

Securities code: 5074

Disclaimer

These presentation materials include forward-looking statements about forecasts and outlooks related to plans, strategies and earnings. These forward-looking statements are the result of judgments formed by the management of the Company and derived from assumptions (hypotheses) that were based on information available at the time they were created. These may be affected by a variety of risks and uncertainties, and actual earnings may differ significantly from those, express or implied, in the forward-looking information.

Information in these presentation materials, including that relating to industries, market trends, regulatory trends, or economic conditions, is based on the information available at the time they were created, and no representation or warranty of any kind is made by the Company in regard to its authenticity, accuracy, completeness, or integrity.

Information in these presentation materials related to companies, etc. other than the Company, or

information created by third parties, is quoted as publicly available information. The Company has

not independently verified the accuracy or appropriateness of this data/indicators, etc. and accepts no responsibility of any kind in relation to them.

The information contained in these presentation materials are valid as of the date shown on these presentation materials (or as of a date stated separately), and the Company is under no obligation

of any kind to update or revise this information in the light of new information, future events, or

other discoveries.

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Index

Ⅰ	Top Message	P. 3
Ⅱ	Summary of Consolidated	P. 6
Financial Results
	for the Nine Months Ended March 31, 2022
	Attached Materials
Ⅲ	Revisions to the Consolidated	P. 16
	Financial Results Forecast
	for the Fiscal Year Ending June 30, 2022
	Attached Materials
Ⅳ	Overview of Consolidated	P. 21
	Financial Statements, Etc.
Ⅴ	Attached Materials	P. 25
Corporate Overview

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I. Top Message

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Top Message

▸ Consolidated results for 3Q of FYE June 2022 proceeded steadily overall due to favorable progress with EPC at Fukuoka Miyako Mega Solar Plant and other projects despite the impact of the rise in procurement prices in electricity

retailing.

▸ Due to overshoot in both the Engineering Segment and the Energy Supply Segment,

net sales expected to outstrip previous forecast by 15.8%, and full-yearforecast revised up to ¥34.5 billion.

Profits at each level revised to take into account the increase in the electricity

retailing cost of sales, and the recording of an extraordinary loss (loss on valuation

of investment securities) (Announced May 16, 2022)

▸ Total generation capacity for renewable energy power generation facilities:

approx. 212 MW(76 projects) (as of March 31, 2022)

▸ Driven by rising customer demand for decarbonization measures and the need to secure energy supplies, inquiries regarding on-sitePPA (in-housesolar power generation and consumption) are increasing

• Concluded "Green Specialist Personnel Dispatching Agreement" with
  Maniwa City, in Okayama Prefecture, thus launching initiatives with local community

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