ＪＮＳホールディングス（3627） – Summary of Consolidated Financial Results for the Year 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 Year Ended February 28, 2022 (Based on Japanese GAAP) Company name: Stock exchange listing: Tokyo JNS HOLDINGS INC. April 14, 2022 Stock code: Representative: 3627 President & Representative Director URL https://www.jns.inc/ Masashi Ikeda Inquiries: Senior Managing Director, Member of the Board Takashi Nakano TEL (03)6838-8800 Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: May 27, 2022 May 30, 2022 May 30, 2022 Yes Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down) 1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changes Profit attributable to owners of parent Year ended February 28, 2022 Year ended February 28, 2021 Millions of yen 9,550 8,499 % Millions of yen 516 239 12.4 (21.4) % Millions of yen 433 217 115.8 (72.7) % Millions of yen 353 315 99.4 (74.5) % 11.9 (44.3) Holding of financial results meeting: (1) Consolidated operating results Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 29.54 27.07 Yen 28.28 25.65 % 6.6 6.3 % 5.5 2.8 Total assets Net assets Equity ratio Net assets per share Millions of yen 8,786 6,876 Millions of yen 5,593 5,232 % 63.2 75.6 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen 775 (386) Millions of yen 981 (1,811) Millions of yen 1,085 (193) Millions of yen 4,982 2,050 % 5.4 2.8 Yen 465.64 440.85 Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen – – – Yen 0.00 0.00 0.00 Yen – – – Yen 2.00 10.00 5.00 Yen Millions of yen 2.00 10.00 5.00 23 119 % 7.4 33.9 33.2 % 0.5 2.2 Year ended February 28, 2022 Year ended February 28, 2021 (2) Consolidated financial position As of February 28, 2022 As of February 28, 2021 (3) Consolidated cash flows Year ended February 28, 2022 Year ended February 28, 2021 2. Cash dividends Year ended February 28, 2021 Year ended February 28, 2022 Year ending February 28, 2023 (Forecast) 1 3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023) 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 9,600 % Millions of yen 260 0.5 % Millions of yen 250 (49.7) % Millions of yen 180 (42.2) % (49.1) Yen 15.08 4. Notes (1) Changes in significant subsidiaries during the year ended February 28, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) 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 No No No No (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of February 28, 2022 12,140,400 shares As of February 28, 2021 11,793,800 shares Number of treasury shares at the end of the period Average number of shares during the period As of February 28, 2022 210,105 shares As of February 28, 2021 105 shares Year ended February 28, 2022 11,966,900 shares Year ended February 28, 2021 11,670,640 shares 2 As of February 28, 2021 As of February 28, 2022 (Thousands of yen) 2,050,141 1,038,573 25,822 35,636 217,487 192,648 439,755 (4,904) 3,995,160 133,856 4,386 64,677 1,544 204,464 178,014 256,078 72,289 4,719 511,102 77,924 1,702,948 1,212 151,696 238,870 30,073 (37,131) 2,165,595 2,881,162 6,876,322 4,982,263 1,134,617 104,507 132,460 240,012 291,341 305,941 (5,146) 7,185,998 149,931 3,592 90,068 1,433 245,025 153,736 69,950 37,590 6,441 267,718 741,078 – 1,295 152,951 198,166 31,010 (37,131) 1,087,371 1,600,115 8,786,113 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Merchandise Work in process Raw materials Advance payments to suppliers Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings, net Vehicles, net furniture and fixtures, net Construction in progress Total property, plant and equipment Intangible assets Software Software in progress Goodwill Other Total intangible assets Investments and other assets Investment securities Deferred tax assets Guarantee deposits Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets Shares of subsidiaries and associates Investments in capital of subsidiaries and associates 3 As of February 28, 2021 As of February 28, 2022 (Thousands of yen) Liabilities Current liabilities Accounts payable – trade Short-term borrowings Current portion of long-term borrowings Income taxes payable Advances received Provision for bonuses Provision for product warranties Other Total current liabilities Non-current liabilities Long-term borrowings Deferred tax liabilities 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 Deferred gains or losses on hedges Foreign currency translation adjustment Total accumulated other comprehensive income Share acquisition rights Total net assets Total liabilities and net assets 350,252 200,000 149,742 48,142 127,297 204,846 427 376,396 130,854 14,813 33,445 7,329 1,457,104 186,443 1,643,547 2,378,899 1,487,890 1,287,666 (76) 5,154,380 41,486 2,377 1,061 44,925 33,469 5,232,775 6,876,322 370,447 89,539 413,526 245,230 100,228 259,854 427 473,068 1,952,322 1,191,212 7,952 35,014 6,602 1,240,781 3,193,103 2,391,423 1,500,413 1,650,907 (115,366) 5,427,378 49,348 5,899 72,630 127,877 37,754 5,593,010 8,786,113 4 Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Thousands of yen) Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 8,499,614 5,942,948 2,556,666 2,317,254 239,412 40,153 – 7,024 47,177 12,076 15,795 38,312 3,235 69,419 217,170 – – – – 9,924 2,367 12,292 10,717 10,717 218,745 56,285 (153,595) (97,309) 316,055 78 315,976 9,550,536 6,185,075 3,365,461 2,848,856 516,604 – 41,072 6,426 47,499 12,142 – 107,558 11,261 130,962 433,141 2,999 636,850 2,796 – 642,646 47,609 395,546 9,185 452,341 623,446 301,973 (32,025) 269,948 353,498 – 353,498 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Subsidy income Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Share of loss of entities accounted for using equity method Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Gain on sale of shares of subsidiaries and associates Gain on change in equity Gain on reversal of share acquisition rights Total extraordinary income Extraordinary losses Impairment losses Loss on valuation of investment securities Office relocation expenses Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 5 Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Share of other comprehensive income of entities accounted for using equity method Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (Thousands of yen) Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 316,055 (23,062) 1,881 3,689 (784) (18,274) 297,780 297,701 78 353,498 7,861 3,522 70,784 (158) 82,010 435,508 435,508 – 6 Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in scope of consolidation Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Consolidated statements of changes in equity Fiscal year ended February 28, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Thousands of yen) Total shareholders’ equity Balance at beginning of period 2,376,544 1,440,163 1,006,140 (21) 4,822,827 2,355 2,355 45,371 (34,450) 315,976 (54) (54) (76) 4,710 (34,450) 315,976 (54) – 45,371 – 331,553 5,154,380 Total changes during period Balance at end of period 2,355 2,378,899 47,726 1,487,890 281,526 1,287,666 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Total accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets Balance at beginning of period 64,548 495 (1,844) 63,200 17,329 45,252 4,948,609 Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in scope of consolidation Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 4,710 (34,450) 315,976 (54) – 45,371 (23,062) (23,062) 41,486 1,881 1,881 2,377 2,905 (18,274) 16,140 (45,252) (47,387) 2,905 1,061 (18,274) 44,925 16,140 33,469 (45,252) 284,165 – 5,232,775 7 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 2,378,899 1,487,890 1,287,666 (76) 5,154,380 12,523 12,523 (Thousands of yen) Total shareholders’ equity 25,047 (23,587) 353,498 (115,290) 33,329 (23,587) 353,498 33,329 (115,290) Total changes during period Balance at end of period 12,523 2,391,423 12,523 1,500,413 363,241 1,650,907 (115,290) (115,366) 272,998 5,427,378 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Total accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets Balance at beginning of period 41,486 2,377 1,061 44,925 33,469 – 5,232,775 Fiscal year ended February 28, 2022 Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in scope of consolidation Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in scope of consolidation Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 25,047 (23,587) 353,498 (115,290) 33,329 7,861 7,861 49,348 3,522 3,522 5,899 71,568 82,952 4,285 87,237 71,568 72,630 82,952 127,877 4,285 37,754 – – 360,235 5,593,010 8 (Thousands of yen) Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 218,745 204,592 10,717 34,698 (570) 3,128 (372) – – – 38,312 (2,367) (9,924) 190,339 191,050 (456,891) (1,053,828) 605,167 (97,631) (124,835) 2,266 (11,482) (265,407) 13,449 (386,009) (39,935) (356,593) (10,113) – (1,425,297) – (2,000) 27,354 615 (5,875) 85 – 623,446 443,495 47,609 34,698 241 55,007 – (2,999) (636,850) 395,546 107,558 – (2,796) (96,044) (200,451) 20,194 (27,068) (98,693) 165,720 828,615 1,310 (13,045) (84,668) 43,391 775,604 (74,604) (224,754) (400,000) 3,000 (694,937) 2,332,800 (2,000) – – – 43,541 (1,865) 981,180 Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Amortization of goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in provision for product warranties Loss (gain) on sale of investment securities Loss (gain) on sale of shares of subsidiaries and associates Loss (gain) on valuation of investment securities Share of loss (profit) of entities accounted for using equity method Gain on reversal of share acquisition rights Loss (gain) on change in equity Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in advances received Decrease (increase) in advance payments to suppliers Other, net Subtotal Interest and dividends received Interest paid Income taxes paid Income taxes refund Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from sale of investment securities Purchase of shares of subsidiaries and associates Proceeds from sale of shares of subsidiaries and associates Payments for investments in capital of subsidiaries and associates Proceeds from liquidation of subsidiaries and associates Proceeds from collection of loans receivable Payments of guarantee deposits Proceeds from refund of guarantee deposits Other, net 9 Net cash provided by (used in) investing activities (1,811,760) Cash flows from financing activities Net increase (decrease) in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Proceeds from issuance of shares Purchase of treasury shares Repayments of lease obligations 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 (Thousands of yen) Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 50,012 100,000 (310,658) 4,710 (54) (2,937) (34,256) (193,184) (17,924) (2,408,879) 4,459,020 2,050,141 (111,994) 1,800,000 (475,858) 12,449 (115,290) (626) (23,441) 1,085,239 90,098 2,932,122 2,050,141 4,982,263 10