アバンティア（8904） – Summary of Consolidated Financial Results for the Three Months Ended November 30, 2021(Based on Japanese GAAP)

Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. Summary of Consolidated Financial Results for the Three Months Ended November 30, 2021 (Based on Japanese GAAP) January 13, 2022Company name: Stock exchange listing: Tokyo, Nagoya AVANTIA CO.,LTD. Stock code: Representative: Inquiries: 8904 Representative Director President Director and Department Manager of Administration URL https://avantia-g.co.jp/ Yasunari Sawada Scheduled date to file Quarterly Securities Report: January 13, 2022 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: No – Shoji Higuchi TEL 052-859-0034 Holding of quarterly financial results meeting: 1. Consolidated financial results for the three months ended November 30, 2021 (from September 1, 2021 to November 30, 2021) No (Amounts less than one million yen are rounded down)(1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changesProfit attributable to owners of parent Ordinary profit Three months ended November 30, 2021 Three months ended November 30, 2020 Millions of yen 9,160 6,919 % Millions of yen (256) (171) 32.4 16.9 % Millions of yen (200)– (126)– % Millions of yen (178) – (118) – % – – Three months ended November 30, 2021 Three months ended November 30, 2020 (2) Consolidated financial position As of November 30, 2021 As of August 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen (12.51)(8.32)Yen – – Total assets Net assets Equity ratio Millions of yen 57,088 53,466 Millions of yen 25,092 25,585 % 44.0 47.9 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended August 31, 2021 Year ending August 31, 2022 Year ending August 31, 2022 (Forecast) Yen – – Yen 19.00 19.00 Yen – – Yen 19.00 19.00 3. Forecast of consolidated financial results for the year ending August 31, 2022 (from September 1, 2021 to August 31, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Six months ending February 28, 2022 Full year 25,000 41.3 140 (52.1)220 (39.7)105 (54.3)60,000 32.4 2,000 14.9 2,200 13.5 1,500 10.9 Yen 38.00 38.00 Yen 7.38 105.37 14. Notes (1) Changes in significant subsidiaries during the three months ended November 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) No Yes No No No As of November 30, 2021 14,884,300 shares As of August 31, 2021 14,884,300 shares Number of treasury shares at the end of the period As of November 30, 2021 649,155 shares As of August 31, 2021 649,155 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended November 30, Three months ended November 30, 2021 14,235,145 shares 2020 14,205,245 shares 2 As of August 31, 2021 As of November 30, 2021 (Thousands of yen) Quarterly consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes receivable, accounts receivable from completed construction contracts and other Notes receivable, accounts receivable from completed construction contracts and other, contract assets Real estate for sale Costs on development business and other Costs on construction contracts in progress Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Intangible assets Investments and other assets Investment securities Other Total investments and other assets Total non-current assets Total assets Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other Short-term borrowings Current portion of long-term borrowings Income taxes payable Advances received on construction contracts in progress Contract liabilities Provision for bonuses Provision for warranties for completed construction Other Total current liabilities Non-current liabilities Long-term borrowings Retirement benefit liability Other Total non-current liabilities Total liabilities 3 12,881,771 1,313,202 – 6,008,205 22,974,924 2,464,850 17,944 625,381 (1,597) 46,284,682 5,092,955 662,791 561,210 865,315 1,426,526 7,182,273 53,466,956 2,194,225 12,530,780 1,269,855 345,932 3,615,221 – 129,271 30,614 1,150,455 21,266,355 5,897,960 253,542 463,910 6,615,413 27,881,769 11,302,394 – 1,723,955 5,926,303 27,316,778 3,572,996 20,121 454,930 (372) 50,317,109 4,756,496 639,145 464,732 910,567 1,375,300 6,770,942 57,088,051 1,924,138 16,115,950 1,459,014 69,833 – 3,369,477 250,264 20,529 790,597 23,999,806 7,293,555 259,521 443,115 7,996,192 31,995,998 As of August 31, 2021 As of November 30, 2021 (Thousands of yen) Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Total accumulated other comprehensive income Total net assets Total liabilities and net assets 3,732,673 2,980,013 19,403,285 (602,061) 25,513,910 71,276 71,276 25,585,186 53,466,956 3,732,673 2,980,013 18,954,742 (602,061) 25,065,366 26,686 26,686 25,092,052 57,088,051 4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) (Thousands of yen) Three months ended Three months ended November 30, 2020 November 30, 2021 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating loss Non-operating income Interest income Dividend income Administrative service fee income RefundedRealEstateAcquisitionTax Other Total non-operating income Non-operating expenses Interest expenses Other Total non-operating expenses Ordinary loss Extraordinary income Gain on sale of non-current assets Gain on reversal of asset retirement obligations Total extraordinary income Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Total extraordinary losses Loss before income taxes Income taxes Loss Loss attributable to owners of parent 6,919,859 5,875,938 1,043,920 1,215,775 (171,854) 380 330 15,360 33,332 23,829 73,233 19,374 8,041 27,416 – 2,083 2,083 – 23,784 23,784 (147,738) (29,606) (118,131) (118,131) 9,160,179 7,811,128 1,349,051 1,605,875 (256,824) 196 330 17,166 32,469 40,718 90,881 14,818 19,897 34,716 14 – 14 29,966 134 30,100 (230,744) (52,669) (178,075) (178,075) (126,037) (200,659) 5Consolidated statements of comprehensive income (cumulative) (Thousands of yen) Three months ended Three months ended November 30, 2020 November 30, 2021 Loss Other comprehensive income Valuation difference on available-for-sale securities Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (118,131) 43,467 43,467 (74,664) (74,664) – (178,075) (44,590) (44,590) (222,666) (222,666) – 6