MIRARTH : Earnings Document

Securities Report

(Report in accordance with Article 24(1) of the Financial Instruments and Exchange Law)

Business Year	From April 1, 2022
(51st fiscal year)	To March 31, 2023

MIRARTH HOLDINGS, Inc.

(Former company name: Takara Leben Co., Ltd.)

Tekko Building 16F 1-8-2, Marunouchi, Chiyoda-Ku, Tokyo, Japan

(E03997)

Table of Contents

		Page
Cover
Part I.	Company Information	1
I.	Company Overview	1
	1．Trends in Major Management Indicators	1
	2．History	3
	3．Business Details	4
	4．Status of Affiliated Companies	6
	5．Status of Employees	7
II	Business Overview	9
	1．Management Policies, Management Environment, Issues to be Addressed, etc.	9
	2．Approach and Initiatives to Sustainability	12
	3．Business Risks	17
	4．Management's Discussion and Analysis of Financial Condition, Results of Operations and Cash Flows	19
	5．Significant Management Contracts.	23
	6．R&D Activities	23
III	Status of Facilities	24
	1．Overview of Capital Expenditures	24
	2．Status of Major Facilities	24
	3．Plans for new construction, retirement, etc. of facilities	25
IV	Status of the Company to be Submitted	26
	1．Status of Shares	26
	(1)Total Number of Shares	26
	(2)Status of Subscription rights to shares and Others	27
	(3)Exercise Status of Bonds with Subscription rights to shares with Exercise Price Adjustment, etc.	48
	(4)Trends in Number of issued shares and Capital stock	49
	(5)Breakdown of Shareholders.	49
	(6)Status of Major Shareholders	50
	(7)Status of voting rights	51
	2．Acquisitions of Treasury stock	51
	3．Dividend Policy	52
	4．Status of Corporate Governance	53
	(1)Overview of Corporate Governance	53
	(2)Status of officers	60
	(3)Audit Status	67
	(4)Remuneration for Director	70
	(5)Status of shareholdings	72
V	Status of Accounting	74
	1．Consolidated Financial Statements	75
	2．Financial Statements	125
VI	Outline of the stock administration of the submitting company	140
VII	Reference information of the submitting company	141
	1．Information on the parent company of the submitting company	141
	2．Other Reference	141
Part II.	Information on the Guarantee Company, etc. of the Submitting Company	142

[Audit report Sheet]

[Internal Control Report Document]

[Cover]

[Filing]	Securities Report
[Applicable provision]	Article 24(1) of the Financial Instruments and Exchange Act
[Submitted To]	Director-General of the Kanto Local Finance Bureau
[Date of submission]	June 23, 2023
[Fiscal year]	51st fiscal year (From April 1, 2022 to March 31, 2023)
[Company name]	MIRARTH HOLDINGS, Inc.
	(Former company name: Takara Leben Co., Ltd.)
[Representative]	Kazuichi Shimada, Representative Director, Group CEO, Group COO and President Executive Officer
[Address of head office]	Tekko Building 16F 1-8-2, Marunouchi, Chiyoda-Ku, Tokyo, Japan
[Telephone]	[phone]
[Contact]	Masashi Yamamoto, Director, Group CFO and Managing Executive Officer
[Contact address]	Tekko Building 16F 1-8-2, Marunouchi, Chiyoda-Ku, Tokyo, Japan
[Telephone]	[phone]
[Contact]	Masashi Yamamoto, Director, Group CFO and Managing Executive Officer
[Place for public inspection]	Kita-Kanto Branch of MIRARTH HOLDINGS, Inc.
	(1-20-1, Takahanacho, Omiya-ku,Saitama-shi, Saitama)
	Tokyo Stock Exchange, Inc.
	(2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo)

Part I. [Company Information]

I. [Company Overview]

1[Trends in Major Management Indicators]

(1)FINANCIAL SUMMARY

Fiscal term		47th fiscal year	48th fiscal year	49th fiscal year	50th fiscal year	51st fiscal year
Year-end		2019 March	2020 March	2021 March	2022 March	2023 March
Net sales	(Millions of	132,005	168,493	148,397	162,744	153,472
yen)
Ordinary income	(Millions of	9,027	11,201	9,933	10,258	5,033
yen)
Net income attributable to owners of parent	(Millions of	6,426	5,361	4,693	6,215	4,584
yen)
Comprehensive income	(Millions of	6,408	5,202	5,327	6,293	3,852
yen)
Net assets	(Millions of	47,734	51,139	54,632	59,601	65,142
yen)
Total assets	(Millions of	184,893	195,448	204,315	223,473	341,669
yen)
1 Shares Per share Net assets	(Yen)	436.68	467.05	498.78	542.04	558.95
Net income per share	(Yen)	59.33	49.45	43.22	57.10	41.90
Fully diluted	(Yen)	59.00	49.11	42.94	56.69	41.58
Net income per share
Equity ratio	(%)	25.6	25.9	26.5	26.5	18.0
Return on equity	(%)	14.3	10.9	9.0	11.0	7.6
Price-earnings ratio	(times)	5.8	7.1	8.6	5.2	9.0
Cash flow from operating activities	(Millions of	22,428	47,708	26,330	23,189	△722
yen)
Cash flow from investing activities	(Millions of	△34,347	△32,136	△25,090	△27,871	△46,354
yen)
Cash flow from financing activities	(Millions of	3,427	△1,608	2,654	△1,132	61,531
yen)
Cash and cash equivalents' Term end Balance	(Millions of	20,642	34,605	38,500	32,693	47,148
yen)
Number of employees		892	973	1,061	1,200	1,293
(Outside, average number of temporary	(People)	(113)	(118)	(118)	(111)	(104)
employees)

(NOTE)The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the fiscal year under 50th fiscal year, and the key management indicators, etc. related to 50th fiscal year and thereafter are the indicators after the application of this accounting standard.

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(2) Non-consolidated business performance indicators

Fiscal term		47th fiscal year	48th fiscal year	49th fiscal year	50th fiscal year	51st fiscal year
Year-end		2019 March	2020 March	2021 March	2022 March	2023 March
Net sales	(Millions of	98,823	123,908	96,949	88,949	77,364
yen)
Ordinary income	(Millions of	8,002	10,548	8,682	7,738	4,305
yen)
Net income	(Millions of	5,982	4,667	3,257	5,052	3,659
yen)
Capital stock	(Millions of	4,819	4,819	4,819	4,819	4,819
yen)
Number of issued shares	(Shares)	121,000,000	121,000,000	121,000,000	121,000,000	121,000,000
Net assets	(Millions of	43,143	45,844	47,803	51,447	52,937
yen)
Total assets	(Millions of	157,200	150,255	144,796	150,689	154,996
yen)
1 Shares Per share Net assets	(Yen)	396.14	420.64	438.12	469.97	480.08
1 Shares Per share dividends		16.00	19.00	14.00	18.00	22.00
(Including 1 Shares Per share interim	(Yen)	(5.00)	(6.00)	(4.00)	(4.00)	(4.00)
dividends)
Net income per share	(Yen)	55.23	43.05	30.00	46.42	33.45
Fully diluted	(Yen)	54.92	42.75	29.80	46.08	33.19
Net income per share
Equity ratio	(%)	27.3	30.4	32.9	34.0	34.0
Return on equity	(%)	14.6	10.5	7.0	10.2	7.0
Price-earnings ratio	(times)	6.2	8.1	12.4	6.4	11.3
Dividend payout ratio	(%)	29.0	44.1	46.7	38.8	65.8
Number of employees		296	334	365	343	9
(Outside, average number of temporary	(People)	(5)	(10)	(9)	(8)	(-)
employees)
Total shareholder return	(%)	78.3	83.5	91.7	79.6	101.3
(Comparison index: TOPIX with dividends)	(%)	(95.0)	(85.9)	(122.1)	(124.6)	(131.8)
Highest stock price	(Yen)	482	525	408	378	404
Lowest stock price	(Yen)	269	306	290	261	280

(NOTE)1. 51st fiscal year's 1 Shares Per share dividends include a commemorative 50th anniversary dividend of 2 yen.

1. The highest and lowest share prices are based on Tokyo Stock Exchange Prime market on April 4, 2022 and on the First Section of Tokyo Stock Exchange Stock Exchange for prior periods.
2. The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. from the beginning of the fiscal year under 50th fiscal year, and the key management indicators, etc. related to 50th fiscal year and thereafter are the indicators after the application of this accounting standard.

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