三栄建築設計（3228） – [Delayed] [Summary]Consolidated Financial Results for the Six Months Ended February 28, 2022[Japanese GAAP]

For Immediate Release (This is an English translation of the Japanese original.) Consolidated Financial Results for the Six Months Ended February 28, 2022 [Japanese GAAP] April 14, 2022 Company name: SANEI ARCHITECTURE PLANNING CO., LTD. Stock exchange listing: Tokyo Stock Exchange Code number: 3228 URL: https://www.san-a.com Representative: Manabu Koike, Representative Director and Senior Managing Director Contact: Tsuyoshi Hasebe, Executive Officer, General Manager of Administration Division Phone: +81-3-5381-3201 Scheduled date of filing quarterly securities report: April 14, 2022 Scheduled date of commencing dividend payments: May 9, 2022 Availability of supplementary briefing material on quarterly financial results: Available Schedule of quarterly financial results briefing session: Scheduled (for securities analysts and institutional investors) (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Results for the six months ended February 28, 2022 (September 1, 2021 to February 28, 2022) (1) Consolidated Operating Results (% indicates changes from the previous corresponding period.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Six months ended February 28, 2022 February 28, 2021 (Note) Comprehensive income: Six months ended February 28, 2022: ¥4,382 million [(47.1 %)] Six months ended February 28, 2021: ¥3,070 million [74.5 %] % Million yen 5,332 4,050 % Million yen 6,127 4,306 Million yen 62,076 55,532 % Million yen 3,909 2,666 11.8 13.7 31.7 35.8 42.3 57.9 % 46.6 57.2 Basic profit per share Diluted profit per share Six months ended February 28, 2022 February 28, 2021 Yen 184.28 125.70 Yen 153.20 104.83 Total assets (2) Consolidated Financial Position As of February 28, 2022 As of August 31, 2021 (Reference) Equity: As of February 28, 2022: ¥54,019 million As of August 31, 2021: ¥50,820 million Million yen 145,140 141,791 Net assets Equity ratio Million yen 56,827 53,319 % 37.2 35.8 2. Dividends 1st quarter-end Yen 2nd quarter-end Yen Annual dividends 3rd quarter-end Yen Year-end Total – – Yen Yen 35.00 Fiscal year ended August 31, 2021 Fiscal year ending August 31, 2022 Fiscal year ending August 31, 2022 (Forecast) (Note) Revision to the forecast for dividends announced most recently: No 3. Consolidated Financial Results Forecast for the Fiscal Year Ending August 31, 2022 (September 1, 2021 to 40.00 37.50 37.50 75.00 75.00 – – August 31, 2022) Net sales Operating profit Million yen % Million yen 12,002 Ordinary profit (% indicates changes from the previous corresponding period.) Profit attributable to owners of parent % (6.8) Basic profit per share % Million yen 7,054 % Million yen 11,213 3.0 Yen 332.48 154,100 15.0 (5.4) Full year (Note) Revision to the financial results forecast announced most recently: No * Notes: (1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No (2) Adoption of accounting methods specific to the preparation of quarterly consolidated financial statements: No 1) Changes in accounting policies due to the revision of accounting standards: Yes 2) Changes in accounting policies other than 1) above: No 3) Changes in accounting estimates: No 4) Retrospective restatement: No (3) Changes in accounting policies, changes in accounting estimates and retrospective restatement (4) Total number of issued shares (common shares) 1) Total number of issued shares at the end of the period (including treasury shares): February 28, 2022: 21,217,600 shares August 31, 2021: 21,217,600 shares 2) Total number of treasury shares at the end of the period: February 28, 2022: 521 shares August 31, 2021: 521 shares 3) Average number of shares during the period: Six months ended February 28, 2022: 21,217,079 shares Six months ended February 28, 2021: 21,217,079 shares * These consolidated financial results are outside the scope of quarterly review by certified public accountants or audit firms * Explanation of the proper use of financial results forecast and other notes The earnings forecasts and other forward-looking statements herein are based on information available to the Company and certain assumptions deemed reasonable, and the Company does not promise the achievement of those forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For the assumptions underlying the forecasts and the notes on the use of the forecasts, please refer to “1. (3) Explanation Regarding Consolidated Financial Results Forecast and Other Forward-looking Information” on page 4 (Japanese version only). Supplementary briefing materials will be posted on the Company’s website within one week after the announcement of financial results. Quarterly Consolidated Financial Statements and Primary Notes (1) Quarterly Consolidated Balance Sheets As of August 31, 2021 As of February 28, 2022 Assets Current assets Cash and deposits Notes and accounts receivable-trade Notes and accounts receivable – trade, and contract assets Real estate for sale Real estate for sale in process Costs on construction contracts in progress Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Land Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Investments and other assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 36,283,555 7,773,374 – 34,446,282 40,478,646 757,016 1,811,226 (7,523) 121,542,579 6,320,089 (1,046,068) 5,274,021 4,069,961 483,978 (306,410) 177,567 9,521,551 1,438,330 9,546,496 (257,848) 9,288,648 20,248,529 141,791,109 (Thousand yen) 30,923,097 – 8,474,825 38,395,970 45,443,990 1,208,223 1,878,260 (14,817) 126,309,551 6,308,114 (1,222,353) 5,085,761 4,059,689 512,829 (323,768) 189,061 9,334,511 1,363,601 8,375,681 (242,770) 8,132,910 18,831,023 145,140,574 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Current portion of long-term borrowings Current portion of bonds payable Current portion of convertible bond-type bonds with share acquisition rights Income taxes payable Provision for bonuses Other Total current liabilities Non-current liabilities Bonds payable Convertible bond-type bonds with share acquisition rights Long-term borrowings Retirement benefit liability Asset retirement obligations 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 Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets (Thousand yen) As of August 31, 2021 As of February 28, 2022 14,008,432 19,273,631 10,536,506 1,210,000 – 3,930,603 468,425 4,117,240 53,544,839 3,274,500 10,000,000 19,910,946 644,987 125,810 970,679 34,926,923 88,471,763 1,340,150 1,238,646 48,355,046 (462) 50,933,380 (35,302) (44,860) (32,561) (112,724) 2,498,689 53,319,345 141,791,109 12,594,072 26,599,034 8,591,142 1,576,000 10,000,000 1,650,447 415,696 3,496,036 64,922,429 2,984,500 – 18,690,727 685,319 126,013 904,123 23,390,684 88,313,113 1,340,150 1,238,646 51,416,206 (462) 53,994,540 29,322 22,085 (26,827) 24,580 2,808,340 56,827,460 145,140,574 (2) Quarterly Consolidated Statements of Income and Comprehensive Income Quarterly Consolidated Statements of Income Six Months Ended February 28 and 29 For the six months ended February 28, 2021 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Foreign exchange gains Cancellation income of advance money on a contract Subsidy income Surrender value of insurance policies Consumption taxes refund Gain on investments in investment partnerships Other Total non-operating income Non-operating expenses Interest expenses Commission such as financings Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Total extraordinary income Profit before income taxes Income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 55,532,490 47,131,684 8,400,806 4,350,399 4,050,406 39,113 121 7,541 4,300 186,190 113,913 134,734 – 139,866 625,781 295,782 47,019 26,895 369,697 4,306,490 45,753 – 45,753 4,352,243 1,479,481 2,872,762 205,771 2,666,990 (Thousand yen) For the six months ended February 28, 2022 62,076,625 52,000,866 10,075,758 4,743,003 5,332,755 24,229 369,302 192,826 7,750 71,900 61 – 235,316 221,076 1,122,464 233,885 70,366 23,663 327,915 6,127,304 – 27,154 27,154 6,154,458 1,908,901 4,245,557 335,714 3,909,843 Quarterly Consolidated Statements of Comprehensive Income Six Months Ended February 28 Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment 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 For the six months ended February 28, 2021 (Thousand yen) For the six months ended February 28, 2022 4,245,557 64,624 5,734 66,945 137,304 4,382,861 4,047,147 335,714 2,872,762 157,951 32,461 7,263 197,677 3,070,439 2,864,668 205,771 (4) Quarterly Consolidated Statements of Cash Flows For the six months ended February 28, 2021 For the six months ended February 28, 2022 (Thousand yen) Cash flows from operating activities Profit before income taxes Depreciation Amortization of goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in retirement benefit liability Interest and dividend income Interest expenses Loss (gain) on sale of investment securities Loss (gain) on sale of non-current assets Surrender value of insurance policies Decrease (increase) in trade receivables Decrease (increase) in inventories Decrease (increase) in advance payments to suppliers Decrease (increase) in advances paid Increase (decrease) in trade payables Increase (decrease) in advances received Increase (decrease) in leasehold and guarantee deposits received 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 Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from share of profits on investment securities Proceeds from withdrawal of investments in silent partnerships Proceeds from cancellation of insurance funds Loan advances to subsidiaries and associates Other, net Net cash provided by (used in) investing activities Cash flows from financing activities Proceeds from short-term borrowings Repayments of short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Proceeds from issuance of bonds Redemption of bonds Dividends paid Dividends paid to non-controlling interests Other, net 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 4,352,243 338,133 49,315 23,061 29,187 11,817 (39,235) 295,782 – (45,753) (113,913) (1,378,487) (2,120,733) 975,877 (25,712) 1,409,395 547,047 (13,081) (124,493) 4,170,451 39,235 (263,032) (1,589,106) 2,357,548 (20,358) 154,844 (53,933) 204,348 (29,130) (142,657) – – 250,508 (445,502) (241,506) (323,387) 21,521,825 (21,373,455) 6,799,722 (9,002,989) – (420,000) (509,527) (19,560) (6,805) (3,010,790) 33,710 (942,919) 27,755,076 26,812,157 6,154,458 254,593 81,205 (7,783) (52,729) 48,597 (393,532) 233,885 (27,154) – – (605,840) (9,268,521) 147,955 (299,063) (1,496,342) 142,887 22,986 (1,355,310) (6,419,706) 393,532 (238,318) (3,936,109) (12,000) 412,006 (45,166) – (24,213) – 10,687 1,170,451 9,336 – 519,483 2,040,583 (10,200,602) 26,176,050 (18,879,250) 3,784,593 (7,153,086) 500,000 (424,000) (848,087) (31,786) (6,946) 3,117,486 82,079 (4,960,453) 35,702,776 30,742,322