TRE : 〔delayed〕Supplemental materials for the Fiscal Year ended March 31, 2022

TRE HOLDINGS CORPORATION

(Code: 9247, Prime Market, Tokyo Stock Exchange)

Supplemental materials

for the Fiscal Year ended March 31, 2022

May 16, 2022

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Table of Contents

•	Summary of Consolidated Results	… P3
•	TRE HOLDINGS CORPORATION	… P4

• Establishment of TRE HOLDINGS CORPORATION
• Company Profile
• Resource Circulation Business Scheme (1), (2)
• Business Description

• FY03/22 Results

… P9

• Market Environment
• Net Sales and Operating Profit by Segment
• Consolidated Cash Flow Trends
• Capital expenditures, Depreciation
• FY03/23 Earnings Forecast

• Medium-term Business Plan

… P16

• Progress of Medium-term Business Plan
• Movement in Results and Plans (by Segment)
• Progress in Integration Synergies
• At End of First Year after Business Integration

• Topics

… P23

• Construction Progress at Monzen Clean Park Co., Ltd.
• Accelerating Studies of Building a Business Scheme based on The Plastic Resource Circulation Act (enacted April 2022)
• Circular Economy Initiatives
• Recent Status of Renewable Energy Power Stations and Repair Plans for FY2022
• Activities Targeting Glass Recycling

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FY03/22 Results

Summary of Consolidated Cumulative FY03/22 Results

In the waste treatment and recycling businesses, increased added value and commercialization of transported materials were successful, and in the Resource Recycling business, higher recovery volumes of valuable materials resulting from enhanced sorting and higher market prices for resources helped as well. These factors made substantial contributions to overall earnings, so operating profit reached JPY7.6bn.

			(millions of yen)
		FY03/22
	Full-year	Full-year
	Results	Forecast	Progress
Net sales	68,234	67,400	101.2%
Operating profit	7,659	7,430	103.1%
Ordinary profit	7,547	7,220	104.5%
Profit attributable to owners	4,742	4,420	107.3%
of parent

Dividends	FY03/22
Dividend per share Ordinary dividend	JPY20.0
Commemorative
JPY5.0
dividend
Total	JPY25.0

Payout ratio: Over 30%

⃰Calculating based on dividends of JPY25 per share for results from October 2021- March 2022, plus TAKEEI's interim dividend of 15 yen for Q2 of the fiscal year. The payout ratio is more than 36.1%.

	FY03/22
Earnings per share	JPY110.79

⃰TRE HOLDINGS CORPORATION was established as a joint holding company on October 1, 2021, and for accounting purposes, TAKEEI CORPORATION is the acquiring company and REVER HOLDINGS CORPORATION is the acquired company. As a result, the consolidated financial results for the current fiscal year (April 1, 2021 to March 31, 2022) reflects the consolidated financial results for April 1, 2021 to March 31, 2021 for TAKEEI CORPORATION and the consolidated financial results for October 1, 2021 to March 31, 2022 for REVER HOLDINGS CORPORATION.

⃰YoY comparisons are not provided as this is the first fiscal year since the establishment of the Company.
⃰Earnings forecast shows figures revised upward on February 14, 2022.	3
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Establishment of TRE HOLDINGS CORPORATION

Challenges in the macro	Earth Global warming		Japan Population decline		Industry Inefficient management
environment	Resource depletion		Market contraction		Low reliability
	Plastic pollution		Aging infrastructure		Succession issues

Social needs	Realization of a highly	Realization of a zero-carbon
	advanced and sound
	society
	material-cycle society

Our response	Two companies sharing the same passion for the global environment decided to come
	together to jointly invest capital and boost efficiency.
	On October 1, 2021, TAKEEI CORPORATION and REVER HOLDINGS CORPORATION established
	a joint holding company with the aim of leveraging all economic resources to create synergies.
	ＴＲＥホールディングス株式会社

Try

Technology

Recycling

Renewable Energy

Earth Ecology

Try

Developing new technologies Enhancing the Recycling business

Promoting the Renewable Energy business Preserving the Global Environment

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Company Profile

Corporate Philosophy	To contribute to the preservation of the global environment.
Establishment	October 1, 2021
Headquarters	Chiyoda-ku, Tokyo
Representative Directors	Naoto Matsuoka, Chairman and CEO
Mitsuo Abe, President and COO
Capital stock	JPY10.0 billion
Number of employees	2,103 employees (on a consolidated basis)
Group Businesses	Waste treatment and recycling, resource recycling, renewable energy, environmental engineering,
environmental consulting
Subsidiaries, etc.	39 subsidiaries, 6 equity-method affiliates
Number of locations	60 locations in Tokyo metropolitan area as well as Tohoku, Hokuriku, Koshin and Kansai regions,
1 overseas location in Thailand
Key customers	Major construction companies, home builders, major steel companies, trading companies, etc.

As of End-December 2021

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