Tama Home : Summary of Consolidated Financial Results for the Year Ended May 31, 2021

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Summary of Consolidated Financial Results

for the Year Ended May 31, 2021

[Japanese GAAP]

Company name: Tama Home Co., Ltd.	July 12, 2021
Stock exchange listing: Tokyo,Fukuoka
Code number: 1419
URL: https://www.tamahome.jp/
Representative: Shinya Tamaki	President & Representative Director
Contact: Katsuya Tamaki	Vice President & Director

Phone: [phone]

Scheduled date of Annual General Meeting of Shareholders: August 26, 2021

Scheduled date of commencing dividend payments: August 27, 2021

Scheduled date of filing annual securities report: August 26, 2021

Availability of supplementary briefing material on annual financial results: Yes

Schedule of annual financial results briefing session: Yes

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Fiscal Year Ended May 31, 2021 (June 01, 2020 to May 31, 2021)

(1) Consolidated Operating Results					(% indicates changes from the previous corresponding period.)
		Net sales		Operating profit	Ordinary profit	Profit attributable to
			owners of parent
Fiscal year ended		Million yen		%	Million yen		%	Million yen	%	Million yen	%
May 31, 2021		218,092		4.2	10,999		11.4	11,093	13.7	7,168	40.3
May 31, 2020		209,207		12.0	9,873		34.0	9,754	40.3	5,109	29.9

(Note) Comprehensive income:	Fiscal year ended May 31, 2021:
	Fiscal year ended May 31, 2020:

¥	7,055 million	[	39.1%]
¥	5,071 million	[	126.3%]

	Basic earnings per	Diluted earnings per	Rate of return on	Ordinary profit to	Operating profit to
	share	share	equity	total assets ratio	net sales ratio
Fiscal year ended	Yen	Yen	%	%	%
May 31, 2021	243.35	-	30.3	11.0	5.0
May 31, 2020	172.76	-	26.0	10.2	4.7

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended May 31, 2021: Fiscal year ended May 31, 2020:

(2) Consolidated Financial Position

• million
• million

	Total assets	Net assets	Equity ratio	Net assets per share
As of	Million yen		Million yen	%	Yen
May 31, 2021	100,216		26,214	26.1	887.47
May 31, 2020	101,713		21,232	20.8	718.95
(Reference) Equity: As of	May 31, 2021:	¥	26,141 million
As of	May 31, 2020:	¥	21,177 million
(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
May 31, 2021	17,639		(1,520)	(14,436)	32,681
May 31, 2020	2,201		(3,494)	5,274	30,993

2. Dividends

			Dividend per share				Payout	Dividends
					Total	to net
									ratio
		1st	2nd		3rd		Year-end	Total	dividends	assets
				(consolidated)
		quarter-end	quarter-end	quarter-end			(consolidated)
Fiscal year ended		Yen	Yen		Yen		Yen	Yen	Million yen	%	%
May 31, 2020		-	0.00		-		70.00	70.00	2,061	40.5	10.6
May 31, 2021		-	0.00		-		100.00	100.00	2,945	41.1	12.5
Fiscal year ending
May 31, 2022		-	0.00		-		110.00	110.00		44.4
(Forecast)
(Note) Breakdown of the year-end dividend for the fiscal year ended May 31, 2021 :
Commemorative dividend	-	yen
Special dividend		-	yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending May 31, 2022 (June 01, 2021 to May 31, 2022)

(% indicates changes from the previous corresponding period.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings per
		owners of parent	share
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	225,000		3.2	11,300	2.7	11,300	1.9	7,300	1.8	247.83

* Notes:

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): Yes

New	-	(Company name:	)
Exclusion:	1	(Company name: TamaFood International (Hong Kong) Company Limited	)

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: No
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

May 31, 2021:	29,455,800	shares
May 31, 2020:	29,455,800	shares
2) Total number of treasury shares at the end of the period:
May 31, 2021:	1	shares
May 31, 2020:	1	shares

3) Average number of shares during the period:
Fiscal Year ended May 31, 2021:	29,455,799	shares
Fiscal Year ended May 31, 2020:	29,575,843	shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended May 31, 2021 (June 01, 2020 to May 31, 2021)
(1) Non-consolidated Operating Results				(% indicates changes from the previous corresponding period.)
	Net sales		Operating profit		Ordinary profit	Net income
Fiscal year ended	Million yen	%		Million yen		%		Million yen		%	Million yen	%
May 31, 2021	210,847	4.4		9,658		12.3		10,199		12.9	6,759	57.7
May 31, 2020	201,923	12.6		8,601		29.2		9,035		32.4	4,286	31.4
	Basic earnings per share	Diluted earnings per share
Fiscal year ended		Yen			Yen
May 31, 2021		229.48			-
May 31, 2020		144.94			-
(2) Non-consolidated Financial Position
	Total assets		Net assets		Equity ratio		Net assets per share
As of		Million yen			Million yen				%		Yen
May 31, 2021		88,054			22,201				25.2		753.72
May 31, 2020		89,261			17,504				19.6		594.28
(Reference) Equity: As of	May 31, 2021:			¥		22,201 million
As of	May 31, 2020:			¥		17,504 million

Consolidated Financial Statements

Consolidated Balance Sheets

				(Million yen)
			As of May 31,2020	As of May 31,2021
Assets
	Current assets
		Cash and deposits	30,993	32,681
		Notes receivable, accounts receivable from	1,357	1,294
		completed construction contracts and other
		Operating loans	6,801	7,200
		Real estate for sale	6,377	9,234
		Costs on construction contracts in progress	11,873	12,054
		Real estate for sale in process	16,300	10,225
		Other inventories	479	599
		Other	1,342	1,321
		Allowance for doubtful accounts	(6)	(8)
		Total current assets	75,519	74,603
	Non-current assets
		Property, plant and equipment
		Buildings and structures	22,462	22,405
		Accumulated depreciation	(13,145)	(13,479)
		Buildings and structures, net	9,316	8,926
		Machinery, equipment and vehicles	4,425	4,445
		Accumulated depreciation	(1,189)	(1,415)
		Machinery, equipment and vehicles, net	3,236	3,029
		Land	6,698	6,587
		Leased assets	151	129
		Accumulated depreciation	(118)	(103)
		Leased assets, net	33	25
		Construction in progress	13	18
		Other	556	574
		Accumulated depreciation	(420)	(429)
		Other, net	136	144
		Total property, plant and equipment	19,434	18,732
		Intangible assets	832	953
		Investments and other assets
		Investment securities	514	486
		Long-term loans receivable	77	74
		Deferred tax assets	1,789	1,946
		Other	4,053	3,932
		Allowance for doubtful accounts	(509)	(513)
		Total investments and other assets	5,926	5,926
		Total non-current assets	26,193	25,612
	Total assets	101,713	100,216

				(Million yen)
			As of May 31,2020	As of May 31,2021
Liabilities
	Current liabilities
		Notes payable, accounts payable for construction	14,260	15,301
		contracts and other
		Short-term borrowings	15,336	12,588
		Current portion of long-term borrowings	3,785	356
		Income taxes payable	2,389	2,858
		Advances received on construction contracts in	22,977	25,880
		progress
		Provision for warranties for completed	1,362	1,341
		construction
		Provision for bonuses	191	244
		Other	8,543	9,792
		Total current liabilities	68,847	68,363
	Non-current liabilities
		Long-term borrowings	8,263	2,140
		Asset retirement obligations	1,567	1,816
		Other	1,801	1,681
		Total non-current liabilities	11,633	5,638
	Total liabilities	80,480	74,001
Net assets
	Shareholders' equity
		Share capital	4,310	4,310
		Capital surplus	4,280	4,280
		Retained earnings	12,228	17,334
		Treasury shares	(0)	(0)
		Total shareholders' equity	20,818	25,924
	Accumulated other comprehensive income
		Valuation difference on available-for-sale	20	19
		securities
		Deferred gains or losses on hedges	0	3
		Foreign currency translation adjustment	338	193
		Total accumulated other comprehensive income	358	216
	Non-controlling interests	55	73
	Total net assets	21,232	26,214
Total liabilities and net assets	101,713	100,216