T Gaia : Summary Version of Consolidated Financial Results for the 1Q of Fiscal Year Ending March 31, 2024

(Percentages represent year-over-yearchanges)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2024

(Three Months Ended June 30, 2023) (Based on J-GAAP)

		August 1, 2023
Company name:	T-Gaia Corporation	Listing: Tokyo Stock Exchange
Stock code:	3738	URL: https://www.t-gaia.co.jp/
Representative:	Masato Ishida, President & CEO
Contact:	Kaoru Hayashi, Senior Managing Officer & General Manager of Corporate Planning & Strategy Dept.
	Tel: [phone]
Scheduled date of filing Quarterly Securities Report: August 2, 2023
Scheduled commencement date of dividend payout: -

Quarterly financial results supplementary explanatory documents: Yes

Quarterly financial results presentation: None

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2024 (April 1, 2023 - June 30, 2023)

(1) Consolidated results of operations (three months)

	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent
	Million yen		%	Million yen	%	Million yen	%	Million yen	%
1Q FY 2024	96,431		(11.1)	1,039	(54.2)	1,868	(42.8)	1,117	(53.2)
1Q FY 2023	108,497		(2.4)	2,271	(28.9)	3,268	(32.9)	2,388	(25.9)

Note: Comprehensive income (million yen):	1Q FY 2024: 1,165 / [(52.2)%] 1Q FY 2023: 2,438 / [(24.3)%]
	Earnings per	Diluted earnings
	share	per share
	Yen	Yen
1Q FY 2024	20.02	-
1Q FY 2023	42.82	-

(2) Consolidated financial position

	Total assets	Net assets		Equity ratio
	Million yen		Million yen		%
1Q FY 2024	239,415		73,984		30.7
FY 2023	246,068		74,887		30.2
Reference: Shareholders' equity (million yen): 1Q FY 2024: 73,505	FY 2023: 74,385

2. Dividends

			Annual dividends
	1Q-end	Interim	3Q-end		Year-end	Annual
	Yen	Yen	Yen		Yen	Yen
FY 2023	-	37.50	-		37.50	75.00
FY 2024	-
FY 2024		37.50	-		37.50	75.00
(forecasts)
Note: Revisions to the dividend forecast most recently announced: None

3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2024 (April 1, 2023 - March 31, 2024)

(Percentages represent year-over-year changes)

	Net sales		Operating profit	Ordinary profit		Profit attributable to	Earnings per
			owners of parent	share
	Million yen		%	Million yen	%	Million yen		%	Million yen	%	Yen
Full year	459,500		1.3	8,200	17.2	12,400		6.5	8,000	0.8	143.39

Note: Revisions to the financial forecast most recently announced: None

【社外秘/CONFIDENTIAL】T-Gaia Corp.

Notes

1. Changes in significant subsidiaries during the period (three months) under review (Changes in subsidiaries accompanying change in the scope of consolidation): Yes

Newly included:

1 company (T-Gaia Asia Pacific Pte.Ltd.)

1. Application of accounting procedures specific to creation of quarterly consolidated financial statements: None
2. Changes in accounting principles, estimates and restatements
3. 1. Changes in accounting principles caused by revision of accounting standards, etc.: None
   2. Changes in accounting principles other than those mentioned above: None
   3. Changes in accounting estimates: None
   4. Restatement: None
4. Number of shares issued and outstanding (shares of common stock)

1. Number of shares outstanding (including treasury shares) at the end of the period
2. Number of treasury shares at the end of the period
3. Average number of shares outstanding during the period (three months)

1Q FY 2024	56,074,000 shares	FY 2023	56,074,000 shares
1Q FY 2024	282,309 shares	FY 2023	282,309 shares
1Q FY 2024	55,791,691 shares	1Q FY 2023	55,765,134 shares

• Quarterly financial results reports are exempt from quarterly reviews conducted by certified public accountants or an audit corporation.
• Cautionary statement with respect to forward-looking statements

(Disclaimer on forward-looking statements, etc.)

These materials contain forward-looking information including earnings projections based on information currently available to the Company and certain assumptions considered reasonable in the judgment of the Company. Nothing contained in these materials is meant to suggest that the Company promises to attain the said projections. Moreover, due to various factors, actual results may materially differ from projections.

(Concerning quarterly financial results supplementary explanatory documents)

Financial results supplementary explanatory documents will be posted in Japanese on August 1, 2023.

• English version of financial results supplementary explanatory documents will be posted on the English site for Investors of T-Gaia Corporation within days.
• English account title is based on Account List available at website of Financial Service Agency.

【社外秘/CONFIDENTIAL】T-Gaia Corp.