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Member of the Financial Accounting Standards Foundation

November 7, 2023

Summary of Consolidated Financial Results

for the Nine Months Ended September 30, 2023 [Japanese GAAP]

Listed company name:

Toyo Tanso Co., Ltd.

Stock exchange listing:

Tokyo Stock Exchange

Stock code:

5310

Website:

https://www.toyotanso.co.jp

Representative:

Naotaka Kondo

Representative Director, Chairman & President, CEO

Contact:

Masaki Kuno, General Manager,

Finance and Accounting Department

TEL:

81-6-6472-5811 (from overseas)

Scheduled date for submission

of quarterly report:

November 8, 2023

Scheduled date for dividend payment:

-

Supplementary materials for quarterly

financial summaries:

None

Quarterly financial results briefing:

None

1. Consolidated financial results for the nine months ended September 30, 2023

(From January 1, 2023 to September 30, 2023)

(1) Operating results (cumulative total)

(Millions of yen, rounded down)

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

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

%

%

%

%

Nine months ended

36,001

12.4

6,690

34.7

7,700

29.8

5,810

39.9

September 30, 2023

Nine months ended

32,028

16.7

4,965

19.7

5,932

28.3

4,152

31.1

September 30, 2022

(Note) Comprehensive income:

Nine months ended September 30, 2023

7,638 million yen (15.3%)

Nine months ended September 30, 2022

6,626 million yen (43.0%)

Basic earnings per share

Diluted earnings per share

yen

yen

Nine months ended

277.05

-

September 30, 2023

Nine months ended

198.02

-

September 30, 2022

1

(2) Financial position

(Millions of yen, rounded down)

Total assets

Net assets

Equity ratio

%

As of September 30, 2023

95,330

83,367

87.4

As of December 31, 2022

89,432

77,200

86.3

(Reference) Shareholders' equity:

September 30, 2023

83,313 million yen

December 31, 2022

77,147 million yen

2. Dividends

Dividends per share (yen)

First quarter-end

Second quarter-end

Third quarter-end

Year-end

Total (Full year)

Year ended December 31,

-

0.00

-

70.00

70.00

2022

Year ending December 31,

-

0.00

-

2023 (Actual)

Year ending December 31,

90.00

90.00

2023 (Forecast)

(Note) Revisions of projected dividends most recently announced: None

3. Consolidated results forecast for the fiscal year ending December 31, 2023

(From January 1, 2023 to December 31, 2023)

(Millions of yen, rounded down)

(Percentages indicate year-on-year changes.)

Profit attributable

Profit attributable to

Net sales

Operating profit

Ordinary profit

to owners of

owners of parent

parent

per share

%

%

%

%

yen

Fiscal year ending

48,500

10.8

8,500

27.5

9,300

26.2

7,000

35.1

333.77

December 31, 2023

(Note) Revisions of consolidated forecasts most recently announced: None

2

  • Others
    1. Changes in significant subsidiaries during the period under review

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

New subsidiaries: ___ (name of company(ies))

Excluded subsidiaries: ___ (name of company(ies))

  1. Adoption of specific accounting methods for the preparation of quarterly consolidated financial statements: Yes
  2. Changes in accounting policies and accounting estimates and restatements
  1. Changes in accounting policies due to revisions of accounting standards, etc.: None
  2. Changes in accounting policies other than 1): None
  3. Changes in accounting estimates: None
  4. Restatements: None
  1. Number of shares outstanding (common shares)
  1. Number of shares outstanding and issued at the end of period (including treasury shares)

As of September 30, 2023

20,992,588 shares

As of December 31, 2022

20,992,588 shares

  1. Number of treasury shares at the end of period

As of September 30, 2023

20,128 shares

As of December 31, 2022

20,078 shares

  1. Average number of shares during the period (quarterly cumulative total)

Nine months ended September 30, 2023

20,972,480 shares

Nine months ended September 30, 2022

20,972,534 shares

  • This summary report is not subject to quarterly review by a certified public accountant or an audit corporation.
  • Disclaimer regarding appropriate use of forecasts and related points of note

(We urge you to be cautious in relying on forward-looking statements.)

Forward-looking statements such as the earnings forecasts in this material are based on currently available information and certain assumptions deemed rational, and are not intended as a guarantee that these forecasts will be achieved. Accordingly, actual results may differ significantly from these forecasts due to various factors.

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Toyo Tanso Co. Ltd. published this content on 07 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:56:38 UTC.