大末建設（1814） – 〔Delayed〕Summary of Consolidated Financial Results for the Year Ended March 31, 2022

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 March 31, 2022 (Based on Japanese GAAP) Company name: DAISUE CONSTRUCTION CO., LTD. May 10, 2022Stock exchange listing: Tokyo Stock code: 1814 Representative: Inquiries: URL https://www.daisue.co.jp/ President & Representative Director General Manager of General Affairs Kazunori Murao Department Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: June 24, 2022 June 24, 2022 June 7, 2022 Yasumi Iwata TEL 06-6121-7143 Preparation of supplementary material on financial results: Holding of financial results meeting: 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) Yes Yes (Amounts less than one million yen are rounded down)(1) Consolidated operating results Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Year ended March 31, 2022 Year ended March 31, 2021 Millions of yen 69,645 56,490 % Millions of yen 2,708 2,214 23.3 (13.3)% Millions of yen 2,712 2,219 22.3 (19.9)% Millions of yen 1,816 1,603 22.2 (19.9) % 13.3 (15.5)Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 173.23 152.83 Yen – – % 9.1 8.7 % 6.1 5.4 Total assets Net assets Equity ratio Net assets per share Millions of yen 48,662 40,533 Millions of yen 20,629 19,114 % 42.4 47.2 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 1,960 (3,091)Millions of yen (122)7 Millions of yen (535)(706)Millions of yen 7,320 6,017 % 3.9 3.9 Yen 1,968.06 1,822.51 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 20.00 20.00 50.00 Yen – – – Yen 20.00 40.00 50.00 Yen Millions of yen 40.00 60.00 100.00 419 629 % 26.2 34.6 52.7 % 2.3 3.2 Year ended March 31, 2022 Year ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of March 31, 2021 (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 13. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Millions of yen % Millions of yen % Millions of yen % Millions of yen 39,000 19.2 77,500 11.3 1,200 2,900 6.7 7.1 1,220 2,920 8.1 7.6 840 1,990 % 8.7 9.6 Yen 80.11 189.79 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Six months ending September 30, 2022 Full year 4. Notes (1) Changes in significant subsidiaries during the year ended March 31, 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 Yes 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 March 31, 2022 10,614,225 shares As of March 31, 2021 10,614,225 shares As of March 31, 2022 132,019 shares As of March 31, 2021 126,153 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 10,485,238 shares Year ended March 31, 2021 10,492,355 shares 2 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 6,217 25,081 – 2,688 506 416 355 (16) 35,248 1,092 576 952 (937) 1,683 158 1,668 29 722 698 323 (0) 3,442 5,285 40,533 – 7,520 29,304 4,589 506 970 294 (9) 43,176 1,091 615 952 (998) 1,661 134 1,836 28 763 732 329 (0) 3,689 5,485 48,662 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes receivable, accounts receivable from completed construction contracts and other Notes receivable, accounts receivable from completed construction contracts, and contract assets Electronically recorded monetary claims – operating Real estate for sale Costs on construction contracts in progress Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Machinery, vehicles, tools, furniture and fixtures Land Accumulated depreciation Total property, plant and equipment Intangible assets Investments and other assets Investment securities Long-term loans receivable Deferred tax assets Retirement benefit asset Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Liabilities Current liabilities Notes payable, accounts payable for construction contracts and other Electronically recorded obligations – operating Short-term borrowings Current portion of long-term borrowings Current portion of bonds payable Income taxes payable Advances received on construction contracts in progress Provision for warranties for completed construction Provision for bonuses Provision for loss on construction contracts Other Total current liabilities Non-current liabilities Long-term borrowings Retirement benefit liability Other Total non-current liabilities Total liabilities 6,512 7,650 100 218 10 856 1,367 462 295 126 1,450 19,051 162 2,190 14 2,367 21,419 9,186 11,144 100 176 – 660 1,853 689 285 332 1,364 25,792 102 2,115 21 2,240 28,032 4 As of March 31, 2021 As of March 31, 2022 (Millions 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 Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets Total liabilities and net assets 4,324 4 14,598 (103) 18,823 332 (42) 290 19,114 40,533 4,324 4 15,995 (108) 20,215 464 (51) 413 20,629 48,662 5Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 55,688 801 56,490 50,436 597 51,034 5,251 204 5,455 3,240 2,214 9 45 11 66 5 47 8 62 2,219 168 168 – – – 2,387 747 36 784 1,603 – 1,603 68,792 853 69,645 62,946 647 63,594 5,845 205 6,051 3,343 2,708 9 46 9 65 3 42 14 60 0 0 2 19 22 2,712 2,689 969 (95) 873 1,816 – 1,816 Net sales Net sales of completed construction contracts Net sales in real estate business and other Total net sales Cost of sales Total cost of sales Gross profit Cost of sales of completed construction contracts Cost of sales in real estate business and other Gross profit on completed construction contracts Gross profit on real estate business and other Total gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Other Total non-operating income Non-operating expenses Interest expenses Commission expenses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Total extraordinary income Extraordinary losses Loss on retirement of non-current assets Loss on valuation of investment securities 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 6Consolidated statements of comprehensive income Profit 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 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 1,603 168 134 302 1,906 1,906 – 1,816 131 (9) 122 1,939 1,939 – 7Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Balance at beginning of period 4,324 4 13,414 (99) 17,643 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares (Millions of yen) Total shareholders’ equity – 4,324 – 4 (419) 1,603 1,183 14,598 Accumulated other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets (4) 0 (4) (103) 302 302 290 (419) 1,603 (4) 0 1,179 18,823 17,632 (419) 1,603 (4) 0 302 1,482 19,114 168 168 332 134 134 (42) Balance at beginning of period 164 (176) (11) 8 Balance at beginning of period 4,324 4 14,598 (103) 18,823 Fiscal year ended March 31, 2022 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares (Millions of yen) Total shareholders’ equity – 4,324 – 4 (419) 1,816 1,396 15,995 Accumulated other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets (4) 0 (4) (108) 122 122 413 (419) 1,816 (4) 0 1,392 20,215 19,114 (419) 1,816 (4) 0 122 1,514 20,629 Balance at beginning of period 332 (42) 290 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 131 131 464 (9) (9) (51) 9 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 2,387 126 2 (214) 16 53 19 (97) (56) 5 (2,426) 76 – (2,213) (655) (103) 199 (2,879) 60 (5) (266) (3,091) (85) (57) (1,502) 1,692 (6) 5 (22) 5 (400) 401 (22) 7 2,689 139 (6) (68) (53) 227 (10) 205 (55) 3 (6,124) (554) 0 6,167 486 (75) 66 3,038 51 (3) (1,126) 1,960 (77) (35) (2) 5 (2) 4 (27) 9 (400) 400 5 (122) Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Increase (decrease) in allowance for doubtful accounts Decrease (increase) in retirement benefit asset Increase (decrease) in retirement benefit liability Increase (decrease) in provision for warranties for completed construction Increase (decrease) in provision for bonuses Increase (decrease) in provision for loss on construction contracts Interest and dividend income Interest expenses Decrease (increase) in trade receivables Decrease (increase) in costs on construction contracts in progress Decrease (increase) in real estate for sale Increase (decrease) in trade payables Increase (decrease) in advances received on construction contracts in progress Increase (decrease) in 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 Purchase of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from sale of investment securities Loan advances Proceeds from collection of loans receivable Payments of leasehold and guarantee deposits Proceeds from refund of leasehold and guarantee deposits Payments into time deposits Proceeds from withdrawal of time deposits Other, net Net cash provided by (used in) investing activities 10 Cash flows from financing activities Proceeds from long-term borrowings Repayments of long-term borrowings Dividends paid Other, net Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 – (261) (417) (27) (706) (3,790) 9,807 6,017 150 (252) (415) (18) (535) 1,302 6,017 7,320 11