Toyo Tanso : Summary of Financial Results (Second Quarter of FY2023)

Translation

Member of the Financial Accounting Standards Foundation

August 9, 2023

Summary of Consolidated Financial Results

for the Six Months Ended June 30, 2023 [Japanese GAAP]

Listed company name:	Toyo Tanso Co., Ltd.
Stock exchange listing:	Tokyo Stock Exchange
Stock code:	5310
Website:	https://www.toyotanso.co.jp
Representative:	Naotaka Kondo
	Representative Director, Chairman & President, CEO
Contact:	Masaki Kuno, General Manager,
	Finance and Accounting Department
TEL:	81-6-6472-5811 (from overseas)
Scheduled date for submission
of quarterly report:	August 10, 2023
Scheduled date for dividend payment:	-
Supplementary materials for quarterly
financial summaries:	None
Quarterly financial results briefing:	Yes (for securities analysts and institutional investors)

1. Consolidated financial results for the six months ended June 30, 2023

(From January 1, 2023 to June 30, 2023)
(1) Operating results (cumulative total)					(Millions of yen, rounded down)
			(Percentages indicate changes from the same period in the previous fiscal year.)
		Net sales		Operating profit		Ordinary profit	Profit attributable to
				owners of parent
			%		%		%		%
Six months ended	23,712	16.8	4,610	51.7	5,338	44.1	4,128	61.0
June 30, 2023
Six months ended	20,293	15.7	3,039	28.4	3,705	33.3	2,564	40.6
June 30, 2022
(Note) Comprehensive income:
	Six months ended June 30, 2023	5,403 million yen (7.6%)
	Six months ended June 30, 2022	5,019 million yen (62.6%)

	Basic earnings per share	Diluted earnings per share
	yen	yen
Six months ended	196.85	-
June 30, 2023
Six months ended	122.29	-
June 30, 2022

(2) Financial position

										(Millions of yen, rounded down)
				Total assets		Net assets	Equity ratio
												%
	As of June 30, 2023			92,203	81,131			87.9
	As of December 31, 2022			89,432	77,200			86.3
	(Reference) Shareholders' equity:
	June 30, 2023			81,077 million yen
	December 31, 2022			77,147 million yen
2. Dividends
							Dividends per share (yen)
				First quarter-end			Second quarter-end	Third quarter-end	Year-end	Total (Full year)
	Year ended December 31,	-		0.00	-		70.00		70.00
2022
	Year ending December 31,	-		0.00
	2023 (Actual)
	Year ending December 31,					-		90.00		90.00
	2023 (Forecast)

(Note) Revisions of projected dividends most recently announced: Yes

For details, please refer to "Notification of Differences between Consolidated Earnings Forecasts for First Half of Fiscal Year and Actual Results, Revisions to Consolidated Earnings Forecasts for Fiscal Year, and Revisions to Dividend Forecasts for Fiscal Year" issued on August 9, 2023.

3. Consolidated results forecast for the fiscal year ending December 31, 2023

(From January 1, 2023 to December 31, 2023)
							(Millions of yen, rounded down)
						(Percentages indicate	year-on-year changes.)
							Profit attributable	Profit attributable to
	Net sales	Operating income	Ordinary income	to owners of	owners of parent
							parent		per share
		%		%		%		%	yen
Fiscal year ending	48,500	10.8	8,500	27.5	9,300	26.2	7,000	35.1	333.77
December 31, 2023

(Note) Revisions of consolidated forecasts most recently announced: Yes

For details, please refer to "Notification of Differences between Consolidated Earnings Forecasts for First Half of Fiscal Year and Actual Results, Revisions to Consolidated Earnings Forecasts for Fiscal Year, and Revisions to Dividend Forecasts for Fiscal Year" issued on August 9, 2023.

• Others
• 1. Changes in significant subsidiaries during the period under review

(Changes in specified subsidiaries accompanying changes in scope of consolidation): None

New subsidiaries: ___ (name of company(ies))

Excluded subsidiaries: ___ (name of company(ies))

1. Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes
2. Changes in accounting policies and accounting estimates and restatements

1. Changes in accounting policies due to revisions of accounting standards, etc.: None
2. Changes in accounting policies other than 1): None
3. Changes in accounting estimates: None
4. Restatements: None

1. Number of shares outstanding (common shares)

1. Number of shares outstanding and issued at the end of period (including treasury shares)

As of June 30, 2023	20,992,588 shares
As of December 31, 2022	20,992,588 shares

1. Number of treasury shares at the end of period

As of June 30, 2023	20,128 shares
As of December 31, 2022	20,078 shares

1. Average number of shares during the period (quarterly cumulative total)

Six months ended June 30, 2023	20,972,490 shares
Six months ended June 30, 2022	20,972,546 shares

• This summary report is not subject to quarterly review by a certified public accountant or an audit corporation.
• Disclaimer regarding appropriate use of forecasts and related points of note

(We urge you to be cautious in relying on forward-looking statements.)

Forward-looking statements such as the earnings forecasts in this material are based on currently available information and certain assumptions deemed rational, and are not intended as a guarantee that these forecasts will be achieved. Accordingly, actual results may differ significantly from these forecasts due to various factors. Accordingly, actual results may differ significantly from these forecasts due to various factors.

(How to acquire supplementary materials for financial summaries and information disclosed at our financial results briefing.)

We are scheduled to hold a financial results briefing for securities analysts and institutional investors on August 21, 2023. The materials distributed at the briefing are scheduled to be disclosed on TDnet and our website on that same day.