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.

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

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

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

As of June 30, 2023

20,992,588 shares

As of December 31, 2022

20,992,588 shares

As of June 30, 2023

20,128 shares

As of December 31, 2022

20,078 shares

Six months ended June 30, 2023

20,972,490 shares

Six months ended June 30, 2022

20,972,546 shares

(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.

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Toyo Tanso Co. Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 06:38:02 UTC.