TOCALO : Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 [Japanese GAAP]

			May 10, 2023
Listed company's name:	TOCALO Co., Ltd.		Stock Exchange Listing: Tokyo
Stock code:	3433	URL https://www.tocalo.co.jp/
Representative:	Noriyuki MIFUNE, President and Executive Officer
Contact:	Hiroshi GOTO, Managing Executive Officer	Phone: [phone]

Scheduled date of Annual General Meeting of Shareholders:	June 23, 2023
Scheduled date of commencing dividend payments:	June 26, 2023
Scheduled date of filing annual securities report:	June 26, 2023

Availability of supplementary briefing material on annual financial results: Yes

Schedule of annual financial results briefing session: Yes (for institutional investors and analysts)

(Amounts in millions of yen rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

(April 1, 2022 to March 31, 2023)

(1) Consolidated Operating Results

(Percentages indicate changes from the same period of the previous fiscal year)

	Net sales		Operating profit	Recurring profit	Net income attributable
		to owners of parent
Fiscal year ended	Million yen		%	Million yen	%	Million yen	%	Million yen	%
March 31, 2023	48,144		9.9	10,558	2.9	11,003	4.1	7,350	6.4
March 31, 2022	43,813		11.5	10,255	15.4	10,571	18.6	6,909	26.5

(Note) Comprehensive income: Fiscal year ended March 31, 2023:	8,213 million yen	[ ( 0.7) % ]
	Fiscal year ended March 31, 2022:	8,274 million yen	[ 39.9	% ]
	Basic earnings	Diluted earnings	Rate of	Recurring profit	Operating profit
	to total assets
	per share	per share	return on equity	to net sales ratio
	ratio
Fiscal year ended	Yen	Yen		%		%	%
March 31, 2023	120.83	-		14.3		15.3	21.9
March 31, 2022	113.62	-		14.8		15.8	23.4

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2023: - million yen Fiscal year ended March 31, 2022: - million yen

(2) Consolidated Financial Position

	Total assets		Net assets	Equity ratio	Net assets per share
As of	Million yen		Million yen	%	Yen
March 31, 2023	74,263		57,643	72.5	884.83
March 31, 2022	69,517		52,459	70.6	807.31
(Reference) Equity:	As of March 31, 2023:		53,839 million yen
	As of March 31, 2022:	49,099 million yen

(3) Consolidated Cash Flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at the end
	operating activities	investing activities	financing activities
				of period
Fiscal year ended	Million yen	Million yen	Million yen	Million yen
March 31, 2023	9,894	,094)	(4,561)	19,520
March 31, 2022	9,873	(5,044)	(4,547)	19,141
		(5

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2. Dividends

			Annual dividends per share		Total	Payout	Dividends to
							ratio	net assets
	1st		2nd	3rd	Year-end	Total	dividends
		(consolidated)	(consolidated)
	quarter-end	quarter-end	quarter-end
Fiscal year ended		Yen	Yen	Yen	Yen	Yen	Million yen	%	%
March 31, 2022		-	20.00	-	25.00	45.00	2,736	39.6	5.9
March 31, 2023		-	22.50	-	27.50	50.00	3,042	41.4	5.9
Fiscal year ending		-	25.00	-	25.00	50.00		51.7
March 31, 2024
(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024

(April 1, 2023 to March 31, 2024)

(Percentages indicate changes from the same period of the previous fiscal year)

	Net sales	Operating profit	Recurring profit	Net income attributable	Basic
							to owners of parent	earnings per share
Second quarter	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
23,000	(4.2)	4,200	(24.8)	4,200	(30.4)	2,800	(28.6)	46.27
(cumulative)
Full year	47,000	(2.4)	8,700	(17.6)	8,700	(20.9)	5,800	(21.1)	96.70

Notes

1. Changes in significant subsidiaries during the period
   (Changes in specified subsidiaries associated with changes in scope of consolidation): None
2. Changes in accounting policies, changes in accounting estimates and restatements
3. 1. Changes in accounting policies along with changes in accounting standards: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Restatements: None
4. Number of shares issued and outstanding (common stock)
5. 1. Number of shares issued as of period-end (including treasury stock)

As of March 31, 2023:	63,200,000	shares
As of March 31, 2022:	63,200,000	shares

2) Number of shares held in treasury as of period-end

As of March 31, 2023:	2,352,845	shares
As of March 31, 2022:	2,381,222	shares

3) Average number of shares during respective periods

Fiscal Year ended March 31, 2023:	60,836,271	shares
Fiscal Year ended March 31, 2022:	60,809,521	shares

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(Reference) Summary of Non-consolidated Financial Results

Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2023

(April 1, 2022 to March 31, 2023)

(1) Non-Consolidated Operating Results

(Percentages indicate changes from the same period of the previous fiscal year)

	Net sales	Operating profit	Recurring profit	Net income
Fiscal year ended	Million yen	%	Million yen		%	Million yen	%	Million yen		%
March 31, 2023	40,175	10.1	8,557		3.5	9,447	6.0	6,856		8.4
March 31, 2022	36,487	10.2	8,271		15.1	8,917	18.4	6,324		33.0
	Basic earnings	Diluted earnings
	per share	per share
Fiscal year ended		Yen			Yen
March 31, 2023		112.70			-
March 31, 2022		104.01			-

(2) Non-Consolidated Financial Position

	Total assets		Net assets	Equity ratio	Net assets per share
As of	Million yen		Million yen	%	Yen
March 31, 2023	62,584		48,230	77.1	792.65
March 31, 2022	59,331		44,226	74.5	727.19
(Reference) Equity:	As of March 31, 2023:		48,230 million yen
	As of March 31, 2022:	44,226 million yen

• This Summary of Consolidated Financial Results is outside the scope of external auditor's audit procedures under the Financial Instruments and Exchange Act.
• Appropriate Use of Financial Forecasts and Other Important Matters

The financial forecasts and estimates in this Summary of Consolidated Financial Results are based on information available to the Company at the time of report issuance and certain assumptions judged to be reasonable by the Company, and therefore are not guarantees of future performance. Consequently, actual results may differ substantially from those described in this Summary of Consolidated Financial Results.

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