ファーストブラザーズ（3454） – [Delayed]Summary of Consolidated Financial Results for the Three Months Ended February 28, 2022(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 February 28, 2022 (Based on Japanese GAAP) April 8, 2022Company name: Stock exchange listing: Tokyo First Brothers Co., Ltd. Stock code: Representative: 3454 President Inquiries: Scheduled date to file Quarterly Securities Report: Chief Financial Officer URL https://www.firstbrothers.com/ Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Yes – Tomoki Yoshihara Yoshinobu Hotta April 11, 2022 TEL 03(5219)5370 Holding of quarterly financial results meeting: 1. Consolidated financial results for the three months ended February 28, 2022 (from December 1, 2021 to February 28, 2022) 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen Three months ended February 28, 2022 Three months ended February 28, 2021 6,345 175.5 2,303 150.7 1,129 641.5 152 368.4 1,043 943.5 – 100 % 665 992.2 – 60 Three months ended February 28, 2022 Three months ended February 28, 2021 (2) Consolidated financial position As of February 28, 2022 As of November 30, 2021 2. Cash dividends Year ended November 30, 2021 Year ending November 30, 2022 Year ending November 30, 2022 (Forecast) Earnings per share Diluted earnings per share Yen 47.44 4.34 Total assets Net assets Equity ratio Net assets per share Millions of yen 80,437 82,551 Millions of yen 21,107 20,809 % 26.1 25.1 Yen 1,497.92 1,476.71 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Yen – – Yen 0.00 0.00 Yen 27.00 30.00 Yen 27.00 30.00 Yen – – Yen – – 3. Forecast of consolidated financial results for the year ending November 30, 2022 (from December 1, 2021 to November 30, 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 24,900 % Millions of yen 2,880 (6.7)% Millions of yen 2,010 (41.7)% Millions of yen 1,300 (54.1)% (53.5)Yen 92.70 14. Notes (1) Changes in significant subsidiaries during the three months ended February 28, 2022 (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: (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 February 28, 2022 14,445,000 shares As of November 30, 2021 14,445,000 shares Number of treasury shares at the end of the period As of February 28, 2022 421,710 shares As of November 30, 2021 421,710 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended February 28, 2022 14,023,290 shares Three months ended February 28, 2021 14,023,290 shares 2Quarterly consolidated financial statements Consolidated balance sheets As of November 30, 2021 As of February 28, 2022 (Thousands of yen) 10,766,170 740,507 281,949 44,908,794 4,275,774 342,414 1,339,478 (0) 62,655,088 8,690,582 8,753,917 666,467 18,110,967 367,290 14,186 381,476 1,404,206 19,896,650 82,551,738 3,454,179 1,890,848 856,693 25,850 2,642,917 8,870,488 44,384,923 3,420,000 12,977 5,053,360 52,871,260 61,741,748 8,490,593 708,657 243,375 41,693,513 3,285,066 346,098 1,524,041 (0) 56,291,346 10,304,816 10,190,260 1,134,078 21,629,155 1,204,812 13,838 1,218,650 1,298,403 24,146,210 80,437,556 2,905,837 1,918,184 216,367 80,944 1,191,737 6,313,071 44,264,196 3,420,000 29,846 5,302,639 53,016,683 59,329,754 Assets Current assets Cash and deposits Deposits in trust Accounts receivable – trade Real estate for sale Real estate for sale in process Operational investment securities Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Land Other, net Total property, plant and equipment Intangible assets Goodwill Other Total intangible assets Investments and other assets Total non-current assets Total assets Liabilities Current liabilities Short-term borrowings Current portion of long-term borrowings Income taxes payable Provision for bonuses Other Total current liabilities Non-current liabilities Long-term borrowings Long-term non-recourse loans payable Retirement benefit liability Other Total non-current liabilities Total liabilities 3 As of November 30, 2021 As of February 28, 2022 (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 Deferred gains or losses on hedges Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 1,589,830 1,917,257 17,440,845 (278,086) 20,669,847 39,337 (816) 38,521 101,620 20,809,990 82,551,738 1,589,830 1,917,257 17,736,237 (278,086) 20,965,240 35,184 5,295 40,479 102,082 21,107,802 80,437,556 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 February 28, 2021 February 28, 2022 2,303,379 1,707,420 595,959 443,689 152,269 22 51 477 1,017 68,721 1,866 72,156 98,448 25,958 0 124,406 100,019 37 37 99,982 282,491 (241,675) 40,815 59,167 (1,737) 60,904 6,345,730 4,609,183 1,736,546 607,448 1,129,097 76 35 0 18,702 53,414 5,269 77,497 137,575 25,265 – 162,841 1,043,753 960 960 1,042,793 324,700 55,358 380,059 662,734 (2,467) 665,202 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Interest on tax refund Subsidy income Gain on valuation of derivatives Other Total non-operating income Non-operating expenses Interest expenses Commission expenses Other Total non-operating expenses Ordinary profit Extraordinary losses Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Loss on retirement of non-current assets Loss attributable to non-controlling interests Profit attributable to owners of parent 5Consolidated statements of comprehensive income (cumulative) Three months ended Three months ended February 28, 2021 February 28, 2022 (Thousands of yen) Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 59,167 7,471 7,367 14,838 74,006 75,711 (1,705) 662,734 (4,153) 6,138 1,985 664,719 667,160 (2,440) 6