Audit report of the independent auditor
May 24 th 2022
Tamurakoma Co., Ltd. Audit & Supervisory Board
EY Ernst & Young ShinNihon LLC
Osaka office
Designated Limited Liability Employee / Business Execution
Employee Certified Accountant Ryoichi Hayama
Audit opinion
Based on the provisions of Article 436, Paragraph 2, Item 1 of the Companies Act, this audit
corporation calculates the 143rd fiscal year from April 1, 2021 to March 31, 2022 of Tamura
Koma Co., Ltd. We audited the documents, that is, the balance sheet, income statement,
statement of changes in shareholders' equity, individual notes, and their supplementary
schedules (hereinafter referred t o as "financial statements, etc.").
Our audit corporation is a company whose above financial statements are generally accepted
as fair and appropriate in Japan.
In accordance with accounting standards, we acknowledge that the status of property and
profit and loss for the period pertaining to the relevant financial statements, etc. is properly
displayed in all important points.
Basis for audit opinion
Our audit corporation conducted audits in accordance with auditing standards generally
accepted in Japan a s fair and appropriate. The liability of the Audit Corporation under the
auditing standards is described in "Responsibilities of the Auditor in Auditing Financial
Statements, etc." The audit corporation, etc. shall comply with the provisions regarding
prof essional ethics in Japan.
It is independent of the company and fulfills other ethical responsibilities as an auditor. We
have determined that we have obtained sufficient and appropriate audit evidence on which to
base our opinion.
Other contents
Other contents are the business report and its supplementary schedule. Management's
responsibility is to create and disclose other content. In addition, the responsibility of the
corporate auditors and the board of corporate auditors is to monitor the execution of duties
by the directors in the development and operation of the reporting process for other contents.
The subject of the audit opinion on the financial statements, etc. of the Audit Corporation
does not include any other content, and the Audit Corporati on does not express an opinion
on the other content.
The responsibility of the Audit Corporation in auditing financial statements, etc. is to read
through the other contents, and in the process of reading, between the other contents and the
financial state ments, etc. or the knowledge gained by the Audit Corporation in the process of
the audit. It is to consider whether there are significant differences and to pay attention to
any other signs of material error other than those significant differences.
The Au dit Corporation is required to report the facts when it is determined that there is a
material error in other contents based on the work carried out.
There are no other matters to be reported by this audit corporation.
Responsibilities of management, corpo rate auditors and board of corporate auditors for
financial statements, etc.
The responsibility of the management is to prepare financial statements, etc. in accordance
with the standards of corporate accounting generally accepted in Japan and to display t hem
appropriately. This is important due to fraud or error.
It includes the maintenance and operation of internal controls that the management deems
necessary in order to create financial statements without false indications and display them
properly. In p reparing financial statements, management evaluates whether it is appropriate
to prepare financial statements based on the premise of a going concern, and based on
corporate accounting standards generally accepted in Japan. If it is necessary to disclose a
matter concerning a going concern, it is responsible for disclosing the matter.
The responsibility of the corporate auditors and the board of corporate auditors is to monitor
the execution of duties by the directors in the development and operation of the financial
reporting process.
Auditor's responsibility in auditing financial statements, etc.
The auditor's responsibility is fraudulent or fraudulent in the financial statements, etc. as a
whole, based on the audit conducted by the auditor.
The purpose i s to express an opinion on financial statements, etc. from an independent
standpoint in the audit report, with a reasonable guarantee that there is no material
misstatement due to error. False statements may be caused by fraud or error, and are
considered important when they are reasonably expected to affect the decision - making of
users such as financial statements when individually or aggregated.
The auditor shall make a judgment as a professional expert through the auditing process in
accordance with the auditing standards generally accepted in Japan, and shall carry out the
following with professional skepticism.
・ Identify and assess material risk of misstatement due to fraud or error. In addition, we will
formulate and implement audit procedures that de al with important consultation display
risks. The selection and application of audit procedures is at the discretion of the auditor.
In addition, obtain sufficient and appropriate audit evidence on which to base your opinion.
・ The purpose of auditing finan cial statements, etc. is not to express an opinion on the
effectiveness of internal control, w hen conducting a risk assessment, the auditor will
formulate appropriate audit procedures according to the situation , to c onsider internal
controls related to aud its.
・ Appropriateness of accounting policies adopted by management and their application
methods, as well as performed by management to e valuate the rationality of accounting
estimates and the validity of relevant notes.
・ Whether it is appropriate for the ma nagement to prepare financial statements, etc. on the
premise of a going concern, and a n event or event that raises significant doubts about the
going concern assumption based on the audit evidence obtained to c onclude if there are
significant uncertaintie s regarding the situation. As a going concern , If significant
uncertainties are found, call attention to the notes in the financial statements in the audit
report, or if the notes in the financial statements regarding significant uncertainties are
not appr opriate, the financial statements. It is required to express an opinion with
exclusions to such matters. The auditor's conclusions are based on audit evidence
obtained by the date of the audit report, but future events and circumstances may prevent
the ent ity from surviving as a going concern.
・ Whether the display and notes of financial statements, etc. comply with the standards of
corporate accounting generally accepted in Japan, as well as the display, composition and
contents of financial statements, etc. including related notes, and financial statements.
Evaluate whether or not the underlying transactions and accounting events are properly
displayed.
The Audit & Supervisory Board Members shall inform the Audit & Supervisory Board
Members and the Audit & Supervisory Board of important audit findings, including the
scope and timing of the planned audit, significant deficiencies in internal control identified
during the audit implementation process, and audits. Report on other matters required by
the stan dard.
Interests
There is no interest that should be stated in accordance with the provisions of the Certified
Public Accountants Act between the company and the Audit Corporation or business
executive officers and employees.
Balance Sheet
2022/3/31
(Unit: thousand yen)
subject amount subject amount
（Asset section) (Debt section)
Current assets 33,381,049 Current Liabilities 18,616,752
Cash and deposits 4,355,158 Bills payable 188,609
bills recivable 1,212,383 Electronic record debt 2,423,343
Electronically recorded debt 2,845,083 Import acceptance note 46,513
accounts receivable 17,351,304 Accounts payable 5,569,572
Inventory assets 6,014,078 Short-term debt 3,900,000
Advance payment 421,565 Long-term debt to be repaid within one year 2,508,356
Prepaid expenses 266,552 Bonds redeemable within one year 594,000
Deferred tax asset 0 Unpaid 2,732,048
Short-term loans receivable 469,466 Accrued expenses 44,871
Short-term exchange contract 425,018 Unpaid corporate tax etc 37,159
Other 210,437 deposit 169,977
Allowance for bad debt ▲ 190,000 Bonus reserve 200,000
Officer bonus reserve 69,000
Fixed assets 26,227,428 Other 133,299
Tangible fixed assets 12,622,910 Fixed liabilities 14,386,573
Building 4,791,585 Corporate bond 3,654,000
Machines and equipment 29,955 Long-term debt 9,015,684
Equipment and fixtures 479,252 Long-term deferred tax liability 741,502
land 7,288,273 Allowance for retirement benefits 21,600
Construction in progress 33,844 Allowance for executive retirement benefits 191,834
Other 0 Deposit deposit 485,954
Other 275,998
Intangible fixed assets 681,872 Total debt 33,003,325
software 142,441 (Of Net Assets)
Software in progress 514,993 Shareholders' equity 24,955,942
Other 24,436 Capital 1,240,000
Capital surplus 440,000
Investment and other assets 12,922,645 Capital reserve 440,000
Investment securities 7,594,717 retained earnings 23,953,078
Affiliate company stock 3,236,141 Profit reserve 310,000
Capital 100,664 Asset compression reserve 521,254
Affiliate company funds 392,462 Other profit reserve 5,950,000
Long-term loan 2,230 Retained earnings carried forward 17,171,823
Fixed trade receivables 439,586
Prepaid pension cost 630,063 Treasury stock ▲ 677,135
Long-term guarantee deposit 645,925 Valuation, conversion difference, etc. 1,649,210
Other 44,853 Other securities valuation difference 1,354,246
Allowance for bad debt ▲ 164,000 Deferred hedge gains and losses 294,963
Total net assets 26,605,152
Total assets 59,608,477 Total debt and net assets 59,608,477