TOCALO : Summary of Consolidated Financial Results for the Second Quarter Ended September 30, 2023

Summary of Consolidated Financial Results for the Second Quarter Ended September 30, 2023 [Japanese GAAP]

			October 31, 2023
Listed company's name:	TOCALO Co., Ltd.		Stock Exchange Listing: Tokyo
Stock code:	3433	URL https://www.tocalo.co.jp/
Representative:	Kazuya KOBAYASHI, President and Executive Officer
Contact:	Hiroshi GOTO, Managing Executive Officer	Phone: [phone]

Scheduled date of filing quarterly securities report: November 10, 2023

Scheduled date of commencing dividend payments: December 4, 2023

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly 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 Six Months Ended September 30, 2023

(April 1, 2023 to September 30, 2023)

(1) Consolidated Operating Results (Cumulative)

(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
Six months ended	Million yen		%	Million yen		%	Million yen	%	Million yen	%
September 30, 2023	22,971		(4.3)	4,295		(23.0)	4,590	(23.9)	2,985	(23.8)
September 30, 2022	23,996		13.7	5,581		9.2	6,033	15.5	3,919	13.7
(Note) Comprehensive income: Six months ended September 30, 2023: 4,026 million yen [(22.4)%]
	Six months ended September 30, 2022: 5,192 million yen [ 24.4 %]
	Basic		Diluted
	earnings per share	earnings per share
Six months ended			Yen			Yen
September 30, 2023			49.42			-
September 30, 2022			64.45			-

(2)Consolidated Financial Position

	Total assets	Net assets	Equity ratio
As of	Million yen	Million yen	%
September 30, 2023	75,226	58,380	72.0
March 31, 2023	74,263	57,643	72.5

(Reference) Equity: As of September 30, 2023:	54,186 million yen
As of March 31, 2023:	53,839 million yen

2. Dividends

		Annual dividends per share
	1st	2nd		3rd	Year-end	Total
	quarter-end	quarter-end	quarter-end
Fiscal year ended March 31, 2023	Yen	Yen		Yen	Yen	Yen
-	22.50		-	27.50	50.00
Fiscal year ending March 31, 2024	-	25.00
Fiscal year ending March 31, 2024				-	25.00	50.00
(Forecast)
(Note) Revisions to the most recently announced dividend forecast: None

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
Full year	Million yen	%	Million yen	%	Million yen	%	Million yen	%	Yen
47,000	(2.4)	8,700	(17.6)	8,700	(20.9)	5,800	(21.1)	96.70

(Note) Revisions to the most recently announced financial results forecast: None

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Notes

(1) Changes in significant subsidiaries during the period

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

1. Adoption of special accounting methods for preparation of quarterly financial statements: None
2. Changes in accounting policies, changes in accounting estimates and restatements
3. 1. Changes in accounting policies along with changes in accounting standards: None
   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 September 30, 2023:	61,200,000	shares
As of March 31, 2023:	63,200,000	shares

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

As of September 30, 2023:	1,366,626	shares
As of March 31, 2023:	2,352,845	shares

3) Average number of shares during respective periods

Six months ended September 30, 2023:	60,425,064	shares
Six months ended September 30, 2022:	60,825,446	shares

• This Summary of Consolidated Financial Results is outside the scope of external auditor's quarterly review 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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