エコナックホールディングス（3521） – [Delayed]Summary of Consolidated Financial Results for the Year Ended March 31,2022（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 March 31, 2022 (Based on Japanese GAAP) May 12, 2022 Company name: ECONACH HOLDINGS CO.,LTD. Stock exchange listing: Tokyo Stock code: 3521 URL https://www.econach.co.jp/ Representative: Inquiries: Representative Director and President Administration Department Ryuta Suzuki Yoshiyuki Nomura TEL 03-6418-4391 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: June 29, 2022 June 30, 2022 – No No Holding of financial results meeting: (1) Consolidated operating results 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (Amounts less than one million yen are rounded down)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 751 599 % Millions of yen (115) (177) 25.4 (64.5)% Millions of yen (131)– (186)– % Millions of yen (22)– (158)– % – – Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen (0.50)(3.71)Yen – – % (0.5) (4.2) % (2.3)(3.5)Total assets Net assets Equity ratio Net assets per share Millions of yen 6,099 5,412 Millions of yen 4,582 3,716 % 75.1 68.7 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 134 (52)Millions of yen (184)(81)Millions of yen 774 416 Millions of yen 1,931 1,206 % (15.4)(29.7)Yen 86.61 87.02 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 Millions of yen – – – – – – – – – Yen 0.00 0.00 0.00 0.00 0.00 0.00 – – % – – – % – – 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 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 1,846 145.8 % Millions of yen 231 % Millions of yen 207 – % Millions of yen 123 – % – Yen 2.32 (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: (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) Yes Yes No No No As of March 31, 2022 52,932,733 shares As of March 31, 2021 42,728,733 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 16,786 shares As of March 31, 2021 16,786 shares Year ended March 31, 2022 43,578,588 shares Year ended March 31, 2021 42,711,947 shares 4. Notes 2 As of March 31, 2021 As of March 31, 2022 (Thousands of yen) 1,314,920 1,982,742 1,206,639 46,629 369 425 43,638 18,971 (1,753) 1,931,998 61,446 18,164 1,834,794 – 3,846,403 83,445 1,029 1,528 86,004 600 171,775 (7,159) 165,215 4,097,623 5,412,544 1,931,013 42,466 107 149 – 11,546 (2,541) 1,841,375 50,045 23,287 1,834,794 114,312 3,863,814 85,248 185 1,528 86,962 600 172,922 (7,148) 166,373 4,117,150 6,099,893 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Accounts receivable – trade Merchandise Supplies Income taxes refund receivable Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Tools, furniture and fixtures, net Land Construction in progress Total property, plant and equipment Intangible assets Leasehold interests in land Software Telephone subscription right Total intangible assets Investments and other assets Investment securities 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 (Thousands of yen) Liabilities Current liabilities Accounts payable – trade Current portion of long-term borrowings Accounts payable – other Provision for shareholder benefit program Provision for point card certificates Income taxes payable Contract liabilities Advances received Provision for bonuses Other Total current liabilities Non-current liabilities Long-term borrowings Deferred tax liabilities Deferred tax liabilities for land revaluation Asset retirement obligations Long-term deposits received 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 Revaluation reserve for land Total accumulated other comprehensive income Total net assets Total liabilities and net assets 16,935 146,680 66,608 90,593 – – 1,437 743 3,516 51,596 378,111 1,024,920 35,045 10,052 157,282 90,320 1,317,621 1,695,732 100,000 3,347,561 252,476 (2,235) 3,697,801 19,010 19,010 3,716,811 5,412,544 20,788 118,404 30,280 63,472 4,835 2,764 1,437 1,081 – 35,213 278,278 939,796 44,099 8,899 204,111 41,892 1,238,798 1,517,077 543,874 3,791,435 229,578 (2,235) 4,562,652 20,163 20,163 4,582,816 6,099,893 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 599,079 647,046 (47,966) 129,773 (177,740) 10 458 664 384 2,363 375 – 184 4,440 12,928 – 368 13,296 (186,595) 34,427 – 34,427 50,839 – 50,839 (203,008) 1,400 535 (43,638) (2,841) (44,544) (158,464) (158,464) 751,440 697,399 54,041 169,535 (115,493) 10 1,052 – 384 – – 1,324 254 3,025 11,961 7,000 353 19,314 (131,783) 78,988 116,555 195,544 32,909 7,452 40,362 23,398 38,391 – (2,041) 9,053 45,403 (22,004) (22,004) Selling, general and administrative expenses Net sales Cost of sales Gross profit (loss) Operating loss Non-operating income Interest income Commission income Insurance claim income Rental income from non-current assets Gain on unused gift voucher Subsidy income Consumption taxes refund Other Total non-operating income Non-operating expenses Interest expenses Loss on sale of receivables Other Total non-operating expenses Ordinary loss Extraordinary income Subsidy income Settlement income Total extraordinary income Extraordinary losses Loss related to COVID-19 Loss on retirement of non-current assets Total extraordinary losses Profit (loss) before income taxes Income taxes – current Income taxes for prior periods Income taxes – refund Income taxes – deferred Total income taxes Loss Loss attributable to owners of parent 5Consolidated statements of comprehensive income (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Loss Other comprehensive income Revaluation reserve for land Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests (158,464) (158,464) (158,464) – – – (22,004) 1,153 1,153 (20,851) (20,851) – 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 100,000 3,347,561 410,940 (2,235) 3,856,265 (Thousands of yen) Total shareholders’ equity – (158,464) (158,464) 3,697,801 Changes during period Loss attributable to owners of parent Total changes during period Balance at end of period 100,000 3,347,561 (2,235) Accumulated other comprehensive income Revaluation reserve for land Total accumulated other comprehensive income Total net assets Balance at beginning of period 19,010 19,010 3,875,275 Changes during period Loss attributable to owners of parent Total changes during period Balance at end of period 19,010 19,010 (158,464) (158,464) 252,476 (158,464) (158,464) 3,716,811 – – – – 7 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity Balance at beginning of period 100,000 3,347,561 252,476 (2,235) 3,697,801 100,000 3,347,561 251,583 (2,235) 3,696,909 Issuance of new shares 443,874 443,874 (Thousands of yen) Total shareholders’ equity (892) 887,748 (22,004) 443,874 543,874 443,874 3,791,435 – (2,235) 865,743 4,562,652 Accumulated other comprehensive income Revaluation reserve for land Total accumulated other comprehensive income Total net assets Balance at beginning of period 19,010 19,010 3,716,811 – (892) 19,010 19,010 3,715,919 Cumulative effects of changes in accounting policies Restated balance Changes during period Loss attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Cumulative effects of changes in accounting policies Restated balance Changes during period Issuance of new shares Loss attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (892) (22,004) (22,004) 229,578 887,748 (22,004) 1,153 866,896 4,582,816 1,153 1,153 20,163 1,153 1,153 20,163 8 Consolidated statements of cash flows (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (203,008) 172,804 5,481 (1,693) (13,200) (13,025) (2,812) (10) 12,928 (664) – (34,802) – 50,839 – (12,884) 958 (5,567) – 6,073 (3,514) (18,629) (4,663) 12,660 – (52,730) 10 (12,837) 664 34,701 – (25,463) 3,316 (1) (52,340) (81,853) – – (10) (81,863) 23,398 177,603 777 – – 338 (3,516) (10) 11,961 – 7,000 (78,988) (116,555) 32,909 7,452 4,162 538 3,853 25,071 (14,613) 7,655 (20,824) (202) (23,626) (892) 43,492 10 (11,874) – 78,988 81,952 (13,248) 45,680 (90,585) 134,415 (181,308) (1,818) (1,263) – (184,390) Cash flows from operating activities Profit (loss) before income taxes Depreciation Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in provision for retirement benefits for directors (and other officers) Increase (decrease) in provision for shareholder benefit program Increase (decrease) in provision for point card certificates Interest and dividend income Interest expenses Insurance claim income Loss on sale of receivables Subsidy income Settlement income Loss related to COVID-19 Loss on retirement of property, plant and equipment Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in income taxes payable – factor based tax Increase (decrease) in accrued consumption taxes Decrease (increase) in consumption taxes refund receivable Increase (decrease) in long-term deposits received Decrease (increase) in other assets Increase (decrease) in other liabilities Other, net Subtotal Interest and dividends received Interest paid Proceeds from insurance income Subsidies received Settlement received Loss related to COVID-19 paid Income taxes refund 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 Payments of guarantee deposits Other, net Net cash provided by (used in) investing activities 9 (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from financing activities Proceeds from long-term borrowings Repayments of long-term borrowings Proceeds from issuance of shares 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 530,000 (113,400) – 416,600 282,396 924,243 1,206,639 – (113,400) 887,748 774,348 724,373 1,206,639 1,931,013 10