アドバンスクリエイト（8798） – [Delayed]Summary of Consolidated Financial Results for the Three Months Ended December 31, 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 December 31, 2021 (Based on Japanese GAAP) February 10, 2022 Company name: Advance Create Co.,Ltd. Stock exchange listing: Tokyo Stock code: 8798 URL https://www.advancecreate.co.jp/ Representative: President Yoshiharu Hamada Inquiries: Officer, General Manager of Corporate Planning Division Akira Iwai TEL 06-6204-1193 Scheduled date to file Quarterly Securities Report: February 10, 2022 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Yes – No Holding of quarterly financial results meeting: (Amounts The company conducted a stock split on April 1ts less than one million yen are rounded down) 1. Consolidated financial results for the three months ended December 31, 2021 (from October 1, 2021 to December 31, 2021) (1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changes Profit attributable to owners of parent Ordinary profit Three months ended December 31, 2021 Three months ended December 31, 2020 Millions of yen 2,712 2,573 % Millions of yen 340 5.4 215 (2.5) % Millions of yen 310 186 58.0 (27.0) % Millions of yen 173 92 66.5 (32.9) % 86.6 (47.6) Earnings per share Diluted earnings per share Three months ended December 31, 2021 Three months ended December 31, 2020 Yen 7.89 4.32 (Note) The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. Earnings per share for the first quarter and diluted earnings per share for the first quarter have been calculated based on the assumption that the stock split was carried out at the beginning of the previous fiscal year. Yen – 4.31 (2) Consolidated financial position As of December 31, 2021 As of September 30, 2021 2. Cash dividends Total assets Net assets Equity ratio Millions of yen 11,187 11,808 Millions of yen 6,339 6,723 % 56.7 56.9 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended September 30, 2021 Year ending September 30, 2022 Year ending September 30, 2022 (Forecast) (Note) Revision of dividend forecast to the latest announcement: No Yen – – Yen 30.00 15.00 Yen – – Yen 15.00 15.00 Yen – 30.00 The Company conducted a 2-for-1 stock split of its common shares on April 1, 2021. The amounts stated for dividends for the first six months of the fiscal year ended September 30, 2021 and for prior periods are stated at the actual amount paid per share based on the number of shares before the stock split. Without factoring in the stock split, the year-end dividend for the fiscal year ended September 30, 2021 would have been ¥30.00 and the annual dividend per share would have been ¥60.00. Furthermore, the total dividend amount for the fiscal year is presented as “-” as simple addition is not appropriate. 1 3. Forecast of consolidated financial results for the year ending September 30, 2022 (from October 1, 2021 to September 30, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changes Profit attributable to owners of parent Earnings per share Full year Millions of yen 12,500 % Millions of yen 2,300 13.4 % Millions of yen 2,200 12.7 % Millions of yen 1,450 14.2 % 11.9 Yen 66.31 4. Notes (1) Changes in significant subsidiaries during the three months ended December 31, 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: No (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: No Yes No No No (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of December 31, 2021 22,557,200 shares As of September 30, 2021 22,557,200 shares Number of treasury shares at the end of the period As of December 31, 2021 720,478 shares As of September 30, 2021 556,878 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended December 31, 2021 21,961,824 shares Three months ended December 31, 2020 21,502,854 shares 2 Quarterly consolidated financial statements Consolidated balance sheets As of September 30, 2021 As of December 31, 2021 (Thousands of yen) 3,337,578 1,406,935 2,456,697 767,405 7,968,616 581,376 697,685 95,215 792,901 328,571 614,976 740,584 316,761 446,648 2,447,542 3,821,820 17,950 11,808,387 200,000 531,564 1,144,394 464,141 83,219 180,663 8,099 655,125 3,267,207 86,020 600,000 375,093 392,700 206,711 157,413 1,817,940 5,085,148 1,857,889 1,301,619 3,050,040 1,023,752 7,233,301 694,345 790,078 47,423 837,502 273,197 620,653 740,584 274,161 497,523 2,406,120 3,937,968 16,266 11,187,536 200,000 22,578 1,348,120 516,430 88,138 89,555 8,099 524,247 2,797,168 300,000 500,000 430,991 397,316 231,608 191,148 2,051,064 4,848,233 Assets Current assets Cash and deposits Notes and accounts receivable – trade Accounts receivable – other Other Total current assets Non-current assets Property, plant and equipment Intangible assets Software Other Total intangible assets Investments and other assets Investment securities Guarantee deposits Insurance funds Deferred tax assets Other Total investments and other assets Total non-current assets Deferred assets Total assets Liabilities Current liabilities Current portion of bonds payable Income taxes payable Accounts payable – other Deposits received Lease obligations Provision for bonuses Asset retirement obligations Other Total current liabilities Non-current liabilities Long-term borrowings Bonds payable Lease obligations Retirement benefit liability Asset retirement obligations Other Total non-current liabilities Total liabilities 3 As of September 30, 2021 As of December 31, 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 3,158,703 585,325 3,272,846 (404,293) 6,612,582 110,656 110,656 6,723,239 11,808,387 3,158,703 585,325 3,107,830 (584,021) 6,267,838 71,464 71,464 6,339,303 11,187,536 4 Consolidated 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 December 31, 2020 December 31, 2021 2,573,540 736,908 1,836,632 1,621,218 215,413 778 414 2,045 – 402 3,641 2,189 375 27,952 1,844 32,362 186,692 3,224 19,459 – 22,684 164,008 34,345 36,780 71,126 92,881 92,881 2,712,414 609,096 2,103,318 1,762,998 340,320 87 446 2,230 3,077 1,551 7,393 2,109 296 32,635 1,750 36,792 310,921 1,202 – 10,925 12,127 298,794 64,624 60,865 125,489 173,304 173,304 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest and dividend income Gain on forfeiture of unclaimed dividends Guarantee commission received Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Guarantee commission Commission expenses Other Total non-operating expenses Ordinary profit Extraordinary losses Loss on retirement of non-current assets Loss on store closings Loss on termination of ESOP trust Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent 5 Consolidated statements of comprehensive income (cumulative) Three months ended Three months ended December 31, 2020 December 31, 2021 (Thousands of yen) Profit 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 92,881 10,018 10,018 102,899 102,899 – 173,304 (39,191) (39,191) 134,112 134,112 – 6