TOMOE CORPORATION Earnings Presentation

Source disclosure: February 12, 2026

TOMOE CORPORATION [1921.T]

TOKYO — Tomoe Corporation (TYO: 1921), a diversified industrial company, reported its consolidated earnings for the third quarter of the fiscal year ending March 2024 on February 12, 2024. The results showed a significant decline in key performance metrics compared to the same period last year.

For the nine months ended December 31, 2023, the company's consolidated 4% from ¥26,042 million in the corresponding period of the previous fiscal year. Operating income fell by 39.6%, dropping to ¥1,777 million from ¥2,944 million in the prior-year period. Similarly, ordinary income declined by 32.6% to ¥2,514 million from ¥3,728 million in the previous year. Net income attributable to owners of the parent company plummeted by 88.7% to ¥1,622 million from ¥14,410 million in the comparable period.

The diluted earnings per share for the third quarter of the current fiscal year were ¥43.98, significantly lower than the ¥355.92 recorded in the same quarter of the previous fiscal year. This substantial drop reflects the challenging business environment and operational challenges faced by the company over the past year.

In terms of financial position, as of December 31, 2023, Tomoe Corporation’s However, shareholders' equity decreased slightly to ¥76,769 million from ¥72,962 million, leading to a rise in the company's equity ratio to 61.5% from 53.5%. Despite these changes, the company maintained a strong capital base, which is crucial for navigating through economic uncertainties.

Regarding dividend policy, no interim dividends were paid during the first two quarters of the current fiscal year. For the third quarter, the company plans to maintain the annual dividend payout of ¥24 per share, consistent with the previous year's dividend distribution. The company has not revised any recent dividend forecasts.

Looking ahead, Tomoe Corporation projects consolidated sales of ¥34,000 million for the full fiscal year ending March 2024, representing a slight decrease of 1.9% from the previous fiscal year. The company anticipates operating profit of ¥4,100 million, a modest growth of 4.3%, while ordinary profit is expected to be ¥4,800 million, up 1.8%. Net income attributable to owners of the parent company is forecasted to fall sharply to ¥3,200 million, down 78.5% from the previous year, resulting in diluted earnings per share of ¥86.72.

These projections reflect ongoing efforts to stabilize operations amid market headwinds but also highlight the need for continued cost management and strategic adjustments to improve profitability. The company will continue to monitor market conditions closely and adapt its strategies accordingly to achieve sustainable growth.

Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.