Toda : Consolidated Financial Results for the Six Months Ended September 30,2022

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the Six Months Ended September 30, 2022

[Japanese GAAP]

November 11, 2022

Company name: TODA CORPORATION

Stock exchange listing: Tokyo
Code number: 1860
URL: https://www.toda.co.jp/
Representative: Seisuke Otani	President and Representative Director
Contact: Kaname Miwa	Corporate Officer General Manager,Financial&IR Div.

Phone: [phone]

Scheduled date of filing quarterly securities report: November 11, 2022

Scheduled date of commencing dividend payments: December 09, 2022

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: Yes

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)

(1) Consolidated Operating Results							(% indicates changes from the previous corresponding period.)
		Net sales			Operating profit		Ordinary profit		Profit attributable to
						owners of parent
Six months ended	Million yen		%		Million yen		%		Million yen	%		Million yen	%
September 30, 2022		239,805		1.8		467		(94.6)	3,749	(65.0)		3,201	(57.6)
September 30, 2021		235,574		9.8		8,598		40.8	10,701	44.2		7,543	69.7
(Note) Comprehensive income:	Six months ended September 30, 2022:	4,410 million	[ (65.2) %]
		Six months ended September 30, 2021: 12,662 million	[ (12.1) %]
		Basic earnings	Diluted earnings per
		per share					share
Six months ended				Yen					Yen
September 30, 2022				10.39				-
September 30, 2021				24.60				-
(2) Consolidated Financial Position
		Total assets			Net assets		Capital adequacy ratio
As of			Million yen				Million yen		%
September 30, 2022		732,498				322,685				43.1
March 31, 2022		761,199				319,042				41.6
(Reference) Equity: As of	September 30, 2022: ¥	315,960 million
As of	March 31, 2022:	¥316,574 million

2. Dividends

			Annual dividends
	1st	2nd	3rd		Year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen	Yen	Yen		Yen	Yen
Fiscal year ended March 31, 2022	-	10.00	-		16.00	26.00
Fiscal year ending March 31, 2023	-	13.50
Fiscal year ending March 31, 2023			-		13.50	27.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently: No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
Full year	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
540,000		7.7	12,600	(48.3)	16,700	(40.6)	14,700	(20.8)	47.69

(Note) Revision to the financial results forecast announced most recently: No

* Notes:

1. Changes in significant subsidiaries during the six months ended September 30, 2022 (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes

New １ (Company name: PT Tatamulia Nusantara Indah)

1. Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: Yes
2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
3. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
4. Total number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2022:	322,656,796	shares
March 31, 2022:	322,656,796	shares

2) Total number of treasury shares at the end of the period:

September 30, 2022:	14,426,400	shares
March 31, 2022:	14,440,349	shares

3) Average number of shares during the period:

Six months ended September 30, 2022: 308,218,645 shares

Six months ended September 30, 2021: 306,648,501 shares

*Notes:

These statements include Toda Corporation 's forecasts based on information currently available as of the announcement date,

which are subject to a number of risks and uncertainties. Therefore, the actual results of developments may differ from those presented in these forward-looking statements due to the changes in various factors.