ゴールドウイン（8111） – Summary of Consolidated Financial Results for the Year Ended March 31,2022 (Based on Japanese GAAP)

Notice: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. May 13, 2022 Summary of Consolidated Financial Results for the Year Ended March 31, 2022 (Based on Japanese GAAP) GOLDWIN INC. Tokyo 8111 https://www.goldwin.co.jp Takao Watanabe, President and Representative Director Michio Shirasaki, Managing Director, Director -Finance Dept. +81-3-3481-7203 Company name: Stock exchange listing: Securities code: URL: Representative: Inquiries: TEL: Scheduled date of ordinary general meeting of shareholders: Scheduled date to commence dividend payments: Scheduled date to file Securities Report: Preparation of supplementary material on financial results: Holding of financial results meeting: June 23, 2022 June 9, 2022 June 23, 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 March 31, 2022 (from April 1, 2021 to March 31, 2022) (1) Consolidated operating result (Percentages indicate year-on-year changes) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Year ended March 31, 2022 March 31, 2021 Millions of yen % Millions of yen % Millions of yen % Millions of yen 98,235 90,479 8.6 (7.6) 16,501 14,838 11.2 (15.1) 20,285 15,984 26.9 (2.4) 14,350 10,734 Note: Comprehensive income Year ended March 31, 2022: Year ended March 31, 2021: ¥15,365 million ¥11,469 million [34.0%] [20.1%] Earnings per share Diluted earnings per share Profit attributable to owners of parent/equity Ordinary profit/total assets Operating profit/net sales Year ended March 31, 2022 March 31, 2021 Yen 316.30 236.64 Yen – – % 24.7 21.6 % 21.3 18.4 Reference: Share of profit (loss) of entities accounted for using equity method Year ended March 31, 2022: Year ended March 31, 2021: ¥3,669 million ¥1,238 million % 33.7 (0.3) % 16.8 16.4 (2) Consolidated financial position As of March 31, 2022 March 31, 2021 Reference: Equity Total assets Net assets Equity ratio Net assets per share Millions of yen Millions of yen 99,085 91,376 63,411 52,916 % 63.9 57.8 Yen 1,398.56 1,164.16 As of March 31, 2022 As of March 31, 2021 ¥63,278 million ¥52,802 million (3) Consolidated cash flows Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Year ended March 31, 2022 March 31, 2021 Millions of yen Millions of yen Millions of yen Millions of yen 18,049 7,401 (1,567) (3,261) (11,853) (162) 25,036 20,287 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 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 Yen Yen Yen Millions of yen % – – – 15.00 20.00 25.00 – – – 55.00 70.00 65.00 85.00 3,288 3,980 65.00 90.00 29.6 26.9 25.5 % 6.4 6.3 Note: Year-end dividend of ¥55 for the fiscal year ended March 31, 2021 includes commemorative dividend for 70th anniversary of foundation of ¥10 3. 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 (Percentages indicate year-on-year changes) Profit attributable to owners of parent Earnings per share Six months ending September 30, 2022 Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 42,400 11.0 3,000 (9.1) 3,800 (0.9) 2,660 1.1 58.63 Full year 106,000 7.9 17,000 3.0 21,400 5.5 16,000 11.5 352.65 * 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): No (2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements (i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes (ii) Changes in accounting policies due to other reasons: No (iii) Changes in accounting estimates: No (iv) Restatement of prior period financial statements: No (3) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) (ii) Number of treasury shares at the end of the period As of March 31, 2022 As of March 31, 2021 As of March 31, 2022 As of March 31, 2021 (iii) Average number of shares during the period Year ended March 31, 2022 Year ended March 31, 2021 47,448,172 shares 47,448,172 shares 2,202,276 shares 2,091,698 shares 45,370,540 shares 45,360,759 shares [Reference] Overview of non-consolidated financial result 1. Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (1) Non-consolidated operating result (Percentages indicate year-on-year changes) Net sales Operating profit Ordinary profit Profit Year ended March 31, 2022 March 31, 2021 Millions of yen % Millions of yen % Millions of yen % Millions of yen % 85,838 79,583 7.9 (4.1) 14,029 12,587 11.5 (9.2) 17,484 14,589 19.8 (6.9) 11,951 10,259 16.5 39.2 Year ended March 31, 2022 March 31, 2021 Earnings per share Diluted earnings per share Yen 263.41 226.17 Yen – – (2) Non-consolidated financial position As of March 31, 2022 March 31, 2021 Reference: Equity Total assets Net assets Equity ratio Net assets per share Millions of yen Millions of yen 74,543 70,388 42,065 34,896 % 56.4 49.6 Yen 929.71 769.37 As of March 31, 2022: As of March 31, 2021: ¥42,065 million ¥34,896 million 2. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Profit (Percentages indicate year-on-year changes) Earnings per share Six months ending September 30, 2022 Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen 38,800 17.1 2,550 (0.9) 4,000 (2.4) 2,800 (12.8) 61.71 Full year 98,000 14.2 15,800 12.6 19,500 11.5 14,200 18.8 312.98 * Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. * Proper use of financial forecasts, and other special matters Descriptions of the above financial forecasts and other data are based on information currently available to the Company and certain assumptions that we consider to be reasonable. Actual financial results may differ significantly from the forecasts for various reasons. 26,406 – 630 10,402 2,797 12,554 326 542 1,841 (13) 55,486 1,718 269 4,691 1,138 823 8,642 912 1,490 635 54 3,093 24,060 45 1,637 2,708 70 1,608 1,920 (188) 31,862 43,598 99,085 Consolidated Financial Statements and Significant Notes Thereto (1) Consolidated balance sheet As of March 31, 2021 As of March 31, 2022 (Millions of yen) 21,536 9,281 – – 3,175 14,435 199 518 2,032 (10) 51,168 1,681 101 4,691 1,231 527 8,233 731 1,792 318 70 2,912 21,608 46 1,267 2,696 148 1,449 2,110 (265) 29,061 40,207 91,376 Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes receivable – trade Accounts receivable – trade Electronically recorded monetary claims – operating Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Land Leased assets, net Other, net Total property, plant and equipment Intangible assets Software Trademark right Software in progress Other Total intangible assets Investments and other assets Investment securities Long-term loans receivable Retirement benefit asset Guarantee deposits Distressed receivables Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets – 1 – Liabilities Current liabilities Notes and accounts payable – trade Electronically recorded obligations – operating Short-term borrowings Current portion of long-term borrowings Lease liabilities Accounts payable – other Income taxes payable Accrued consumption taxes Accrued expenses Contract liabilities Provision for bonuses Provision for sales returns Other Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Retirement benefit liability Asset retirement obligations Provision for share awards 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 Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets (Millions of yen)As of March 31, 2021 As of March 31, 2022 3,544 10,131 3,600 2,520 566 1,998 3,910 1,645 1,932 – 1,668 51 715 32,285 3,626 1,122 232 56 807 329 6,173 38,459 7,079 264 50,604 (4,138) 53,810 490 27 (457) (1,068) (1,007) 114 52,916 91,376 4,904 12,223 – 1,437 566 2,359 3,112 1,428 1,424 556 1,648 – 725 30,386 2,751 901 217 57 947 412 5,287 35,673 7,079 276 61,356 (5,377) 63,335 480 98 196 (830) (56) 132 63,411 99,085 – 2 – 98,235 46,491 51,743 – 51,743 35,241 16,501 25 59 3,669 241 3,996 83 27 22 78 212 20,285 0 51 – 51 6 180 8 – 7 4 206 20,131 5,938 (221) 5,717 14,413 62 14,350 (2) Consolidated statement of income and consolidated statement of comprehensive income (Consolidated statement of income) (Millions of yen)Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 90,479 42,470 48,008 17 47,991 33,152 14,838 23 55 1,238 90 1,407 129 22 18 91 261 15,984 0 33 15 49 0 147 26 278 13 9 476 15,557 4,822 (56) 4,766 10,791 56 10,734 Net sales Cost of sales Gross profit Provision for sales returns Gross profit – net Selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Share of profit of entities accounted for using equity method Other Total non-operating income Non-operating expenses Interest expenses Loss on sale of notes receivable – trade Loss on cancellation of insurance policies Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Gain on transfer of non-current assets Total extraordinary income Extraordinary losses Loss on disposal of non-current assets Impairment losses Loss on store closings Loss on valuation of investment securities Extra retirement payments Other 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 – 3 – (Consolidated statement of comprehensive income) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax 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 10,791 551 10 (3) 44 74 678 11,469 11,412 56 (Millions of yen)14,413 (10) 12 264 236 449 951 15,365 15,302 62 – 4 – (3) Consolidated statement of changes in equity Fiscal year ended March 31, 2021 (From April 1, 2020 to March 31, 2021) Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 7,079 1,439 44,157 (4,233) 48,443 (Millions of yen)Total shareholders’ equity Restated balance 7,079 1,439 44,157 (4,233) 48,443 Cumulative effects of changes in accounting policies Changes during period Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Cumulative effects of changes in accounting policies Changes during period Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 551 551 490 Total changes during period Balance at end of period – 7,079 (1,175) 264 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period (60) 67 (577) (1,114) (1,686) 95 46,852 Restated balance (60) 67 (577) (1,114) (1,686) 95 46,852 (294) (881) (1,467) (2,818) 10,734 6,447 50,604 (2,602) 1,815 881 94 (4,138) – 5 – (39) (39) 27 120 120 46 46 678 678 (457) (1,068) (1,007) 19 19 114 (2,602) 53 – (2,818) 10,734 5,366 53,810 (2,602) 53 – (2,818) 10,734 697 6,064 52,916 Fiscal year ended March 31, 2022 (From April 1, 2021 to March 31, 2022) Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 7,079 264 50,604 (4,138) 53,810 Cumulative effects of changes in accounting policies (79) (79) Restated balance 7,079 264 50,525 (4,138) 53,731 (Millions of yen)Total shareholders’ equity Changes during period Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 7,079 Cumulative effects of changes in accounting policies Changes during period Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (10) (10) 480 71 71 98 12 12 276 – 6 – (1,544) 305 (1,238) (5,377) (3,520) 14,350 10,830 61,356 (1,544) 317 – (3,520) 14,350 9,604 63,335 (79) (1,544) 317 – (3,520) 14,350 969 10,573 63,411 653 653 196 237 237 (830) 951 951 (56) 18 18 132 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 490 27 (457) (1,068) (1,007) 114 52,916 Restated balance 490 27 (457) (1,068) (1,007) 114 52,837 Cash flows from operating activities Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (4) Consolidated statement of cash slows Profit before income taxes Depreciation Share of loss (profit) of entities accounted for using equity method Decrease (increase) in retirement benefit asset Increase (decrease) in retirement benefit liability Impairment losses Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Interest and dividend income Interest expenses Loss (gain) on disposal of non-current assets Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in accounts payable – other Increase (decrease) in accrued consumption taxes Decrease (increase) in prepaid expenses 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 non-current assets Proceeds from sale of non-current assets Purchase of investment securities Proceeds from sale of investment securities Payments of guarantee deposits Proceeds from refund of guarantee deposits Other, net Net cash provided by (used in) investing activities Cash flows from financing activities Net increase (decrease) in short-term borrowings Proceeds from long-term borrowings Repayments of long-term borrowings Repayments of lease liabilities Purchase of treasury shares Dividends paid Other, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalentsNet increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period – 7 – 15,557 1,669 (1,238) (427) 28 147 0 21 (78) 129 (0) (604) (368) (3,749) (465) 301 (264) 179 10,838 810 (129) (4,117) 7,401 (249) 342 (3,195) – (1) 88 (164) 14 (96) (3,261) 3,600 4,600 (2,479) (478) (2,602) (2,818) 16 (162) (81) 3,895 16,391 20,287 (Millions of yen)20,131 1,646 (3,669) (370) (4) 180 (73) (20) (85) 83 0 (1,368) 1,741 3,447 356 (216) 126 378 22,284 2,573 (80) (6,728) 18,049 (102) 121 (1,722) 1 (101) 90 (104) 66 182 (1,567) (3,600) 643 (2,600) (785) (2,140) (3,520) 150 (11,853) 120 4,748 20,287 25,036