オオバ（9765） – [Delayed]Summary of Consolidated Financial Results for the Six 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 Six Months Ended November 30, 2021 (Based on Japanese GAAP) Company name: Stock exchange listing: Tokyo OHBA CO.,LTD. Stock code: Representative: 9765 Representative Director,President URL http://www.k-ohba.co.jp Inquiries: Senior Executive Officer Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: No Shigeru Tsujimoto Hirofumi Katayama January 13, 2022 February 2, 2022 January 13, 2022TEL 03-5931-5888 Holding of quarterly financial results meeting: 1. Consolidated financial results for the six months ended November 30, 2021 (from June 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 Six months ended November 30, 2021 Six months ended November 30, 2020 Millions of yen 6,245 4,247 % Millions of yen 268 (203) 47.0 2.4 % Millions of yen 301 – (176)– % Millions of yen 154 – (132) – % – – Six months ended November 30, 2021 Six months ended November 30, 2020 (2) Consolidated financial position As of November 30, 2021 As of May 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 9.51 (8.05)Yen 9.32 – Total assets Net assets Equity ratio Millions of yen 14,023 13,674 Millions of yen 9,480 9,299 % 64.8 65.7 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended May 31, 2021 Year ending May 31, 2022 Year ending May 31, 2022 (Forecast) Yen – – Yen 7.00 8.00 Yen – – Yen 8.00 12.00 Yen 15.00 20.00 3. Forecast of consolidated financial results for the year ending May 31, 2022 (from June 1, 2021 to May 31, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 16,000 % Millions of yen 1,400 0.9 % Millions of yen 1,450 4.9 % Millions of yen 950 5.1 % 11.4 Yen 58.31 14. Notes (1) Changes in significant subsidiaries during the six 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 18,000,000 shares As of May 31, 2021 18,000,000 shares Number of treasury shares at the end of the period As of November 30, 2021 1,798,647 shares As of May 31, 2021 1,708,716 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Six months ended November 30, 2021 16,224,938 shares Six months ended November 30, 2020 16,425,482 shares 2 As of May 31, 2021 As of November 30, 2021 (Thousands of yen) Quarterly consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes and accounts receivable – trade, and contract assets Costs on service contracts in progress 3,002,039 2,763,978 – 1,002,566 5,634 119,834 (513) 6,893,540 1,983,570 (774,219) 1,209,350 752,310 (460,571) 291,739 2,657,285 848,414 (638,843) 209,570 4,367,946 137,161 1,781 138,942 1,174,022 224,002 600,737 14,784 410,962 (150,170) 2,274,339 6,781,229 13,674,769 1,062,683 – 5,171,373 631,920 5,634 478,128 (212) 7,349,527 1,970,089 (793,215) 1,176,874 752,310 (480,649) 271,661 2,659,013 853,291 (678,361) 174,929 4,282,479 124,639 1,720 126,359 1,128,274 – 769,266 15,534 390,602 (38,168) 2,265,509 6,674,347 14,023,875 Real estate for sale Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Land Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Software Other Total intangible assets Investments and other assets Investment securities Long-term accounts receivable – other Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 As of May 31, 2021 As of November 30, 2021 (Thousands of yen) Liabilities Current liabilities Accounts payable – trade Short-term borrowings Current portion of long-term borrowings Income taxes payable Advances received on service contracts in progress Provision for bonuses Provision for loss on order received Provision for shareholder benefit program Other Total current liabilities Non-current liabilities Retirement benefit liability Asset retirement obligations Deferred tax liabilities Other Total non-current liabilities Total liabilities 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 Remeasurements of defined benefit plans Total accumulated other comprehensive income Share acquisition rights Total net assets Total liabilities and net assets 869,267 – 60,000 462,354 1,103,036 392,136 – 15,955 769,519 3,672,270 11,495 250,538 430,635 9,847 702,516 2,131,733 771,471 6,475,454 (939,040) 8,439,619 385,765 158,875 544,640 315,722 9,299,982 13,674,769 882,659 1,150,000 30,000 127,772 1,207,184 80,396 1,040 – 293,202 3,772,256 13,190 251,093 497,689 8,916 770,889 2,131,733 773,170 6,690,773 (1,020,148) 8,575,528 364,014 150,559 514,574 390,626 9,480,729 14,023,875 4,374,787 4,543,146 4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) Six months ended November 30, 2020 Six months ended November 30, 2021 (Thousands of yen) Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit (loss) Non-operating income Interest income Dividend income Insurance claim and dividend income Gain on sale of securities Other Total non-operating income Non-operating expenses Interest expenses Guarantee commission Delinquency charges Other Total non-operating expenses Ordinary profit (loss) Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Loss on valuation of investment securities Expenses related to the 100th anniversary of foundation Other Total extraordinary losses Profit (loss) before income taxes Income taxes Profit (loss) Profit (loss) attributable to owners of parent 4,247,745 3,022,416 1,225,329 1,428,490 (203,161) 10 15,313 186 4,675 8,529 28,715 1,440 901 – 96 – 379 24,085 – 1,449 25,913 2,439 (176,885) (202,799) (70,639) (132,159) (132,159) 6,245,919 4,552,823 1,693,095 1,424,521 268,574 13 21,663 2,874 5,017 9,031 38,600 665 1,493 3,227 11 5,397 301,777 1,405 1,006 14,795 45,000 – 62,207 239,569 85,240 154,328 154,328 5Consolidated statements of comprehensive income (cumulative) (Thousands of yen) Six months ended November 30, 2020 Six months ended November 30, 2021 Profit (loss) Other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (132,159) 45,899 10,934 56,834 (75,324) (75,324) – 154,328 (21,751) (8,315) (30,066) 124,262 124,262 – 6Consolidated statements of cash flows (Thousands of yen) Six months ended November 30, 2020 Six months ended November 30, 2021 (202,799) 123,465 379 – – 93,312 (71,053) (22,032) (35,340) (82) (194,212) (15,323) 1,440 (4,675) 24,085 677,349 (214,288) (1,116,277) (395,114) (233,890) (280,043) (1,865,100) 12,351 (1,785) (104,867) (1,959,402) (256,410) – (3,854) (23,079) 18,838 (577) – (2,974) (268,058) 239,569 117,820 1,006 1,405 45,000 96,119 (311,739) (15,955) 1,040 (300) (178,819) (21,676) 665 (5,017) 14,795 (1,065,455) 104,148 (582,442) 13,392 (677,681) (130,945) (2,355,071) 14,382 (784) (423,759) (2,765,233) (36,673) 1,915 (22,266) (12,942) 17,612 (967) 1,242 (10,685) (62,765) Cash flows from operating activities Profit (loss) before income taxes Depreciation Loss on retirement of non-current assets Loss (gain) on sale of non-current assets Expenses related to the 100th anniversary of foundation Share-based payment expenses Increase (decrease) in provision for bonuses Increase (decrease) in provision for shareholder benefit program Increase (decrease) in provision for loss on order received Increase (decrease) in allowance for doubtful accounts Increase (decrease) in retirement benefit liability Interest and dividend income Interest expenses Loss (gain) on sale of securities Loss (gain) on valuation of investment securities Decrease (increase) in trade receivables Increase (decrease) in advances received on service contracts in progress Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in accrued consumption taxes Other, net Subtotal Interest and dividends received Interest paid Income taxes paid Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from sale of securities Payments of leasehold deposits Proceeds from refund of leasehold deposits Other, net Net cash provided by (used in) investing activities 7 (Thousands of yen) Six months ended November 30, 2020 Six months ended November 30, 2021 Cash flows from financing activities Net increase (decrease) in short-term borrowings Repayments of long-term borrowings Purchase of treasury shares Proceeds from disposal of treasury shares Dividends paid Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 1,500,000 (30,000) (140,988) 14 (117,433) 1,211,592 – (1,015,868) 2,336,557 1,320,688 1,150,000 (30,000) (100,659) 35 (130,732) 888,643 – (1,939,355) 3,002,039 1,062,683 8