T Gaia : Summary Version of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(Based on J-GAAP)

			May 9, 2024
Company name:	T-Gaia Corporation	Listing: Tokyo Stock Exchange
Stock code:	3738	URL:	https://www.t-gaia.co.jp/english/ir/
Representative:	Masato Ishida, President and Representative Director
Contact:	Kaoru Hayashi, Senior Executive Officer & General Manager of Corporate Planning & Strategy Dept.
	Tel: [phone]

Scheduled date of Ordinary General Meeting of Shareholders: June 21, 2024

Scheduled date of filing Annual Securities Report: June 21, 2024

Scheduled commencement date of dividend payout: June 24, 2024

Financial results supplementary explanatory documents: Yes

Financial results presentation: Yes (for institutional investors & analysts)

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 - March 31, 2024)

(1) Consolidated results of operations (twelve months)			(Percentages represent year-over-year changes)
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
	Million yen		%	Million yen	%	Million yen	%	Million yen	%
FY 2024	448,954		(1.0)	8,051	15.1	12,390	6.5	7,013	(11.7)
FY 2023	453,604		(4.8)	6,994	(33.8)	11,637	(24.3)	7,938	(25.0)

Note: Comprehensive income (million yen):	FY 2024: 6,619 / [(16.8)%]	FY 2023: 7,959 / [(24.8)%]
	Earnings per share	Diluted earnings		Return on equity	Ratio of ordinary	Ratio of operating
	per share		profit to total assets	profit to net sales
	Yen	Yen		%	%	%
FY 2024	125.66	-		9.2	5.0	1.8
FY 2023	142.31	-		11.0	4.8	1.5

Reference: Share of profit (loss) of entities accounted for using equity method (million yen):	FY 2024: (31)	FY 2023: 14
(2) Consolidated financial position
				Total assets		Net assets		Equity ratio				Net assets per share
				Million yen		Million yen				%			Yen
FY 2024					248,260		77,404				31.2		1,385.42
FY 2023					246,068		74,887				30.2		1,333.28
Reference: Shareholders' equity (million yen):	FY 2024: 77,334	FY 2023: 74,385
(3) Consolidated cash flow position
				Cash flows from	Cash flow from investing		Cash flows from				Cash and cash
							equivalents at end of
			operating activities	activities		financing activities
						period
				Million yen		Million yen			Million yen			Million yen
FY 2024						8,411		(4,143)			(7,826)		43,022
FY 2023						9,996		(3,558)			(17,165)		45,652
2. Dividends
				Annual dividends		Total dividend	Dividend		Dividend on equity
					payout ratio
											(annual)		(consolidated)
											(consolidated)
	1Q-end	Interim		3Q-end	Year-end	Annual
		Yen	Yen			Yen	Yen	Yen		Million yen		%		%
FY 2023			-	37.50			-	37.50	75.00			4,184		53.0		5.8
FY 2024			-	37.50			-	37.50	75.00			4,185		59.7		5.5
FY 2025			-	37.50			-	37.50	75.00					52.3
(forecasts)

【社外秘/CONFIDENTIAL】T-Gaia Corp.

3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2025 (April 1, 2024 - March 31, 2025)

(Percentages represent year-over-year changes)

	Net sales		Operating profit		Ordinary profit	Profit attributable to	Earnings per
			owners of parent	share
	Million yen		%	Million yen		%	Million yen	%	Million yen	%	Yen
Full year	418,400		(6.8)	8,800		9.3	14,300	15.4	8,000	14.1	143.31

Note: Consolidated forecasts for the first half of FY 2025 have not been disclosed.

Notes

1. Changes in significant subsidiaries during the period (twelve months) under review (Changes in subsidiaries accompanying change in the scope of consolidation): Yes

Newly included:

1 company (T-Gaia Asia Pacific Pte. Ltd.)

1. Changes in accounting principles, estimates and restatements
2. 1. Changes in accounting principles caused by revision of accounting standards, etc.: None
   2. Changes in accounting principles other than those mentioned above: None
   3. Changes in accounting estimates: None
   4. Restatement: None
3. Number of shares issued and outstanding (common shares)

1. Number of issued shares (including treasury shares) at the end of the period
2. Number of treasury shares at the end of the period
3. Average number of shares outstanding during the period (twelve months)

FY 2024	56,074,000 shares	FY 2023	56,074,000 shares
FY 2024	253,709 shares	FY 2023	282,309 shares
FY 2024	55,811,617 shares	FY 2023	55,783,632 shares

• Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.
• Cautionary statement with respect to forward-looking statements

(Disclaimer on forward-looking statements, etc.)

These materials contain forward-looking information including earnings projections based on information currently available to the Company and certain assumptions considered reasonable in the judgment of the Company. Nothing contained in these materials is meant to suggest that the Company promises to attain the said projections. Moreover, due to various factors, actual results may materially differ from projections.

(How to obtain supplementary documents on financial results)

The Company is scheduled to hold an online financial results presentation meeting for institutional investors and analysts on May 9, 2024 (Thursday). The Company plans to post the documents used in this presentation on its website on the same day the meeting is held.

【社外秘/CONFIDENTIAL】T-Gaia Corp.