ｒａｋｕｍｏ（4060） – [Delayed]Summary of Consolidated Financial Results for the Three Months 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 Three Months Ended March 31, 2022 (Based on Japanese GAAP) Company name: rakumo Inc. Stock exchange listing: Tokyo Stock code: 4060 Representative: Inquiries: President CEO and COO Director CFO Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments: URL https://corporate.rakumo.com/ Daisuke Mitarai Yuya Nishimura May 13, 2022 – TEL 050(1746)9891 May 13, 2022 Preparation of supplementary material on quarterly financial results: Yes Holding of quarterly financial results meeting: No 1. Consolidated financial results for the three months ended March 31, 2022 (from January 1, 2022 to March 31, 2022) (1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changes Profit attributable to owners of parent Ordinary profit Three months ended March 31, 2022 Three months ended March 31, 2021 Millions of yen 252 227 % Millions of yen 49 43 11.2 – % Millions of yen 47 41 14.4 – % Millions of yen 33 38 15.4 – % (12.8) – (Amounts less than one million yen are rounded down) Three months ended March 31, 2022 Three months ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of December 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 5.95 7.03 Total assets Net assets Equity ratio Millions of yen 1,543 1,517 Millions of yen 988 947 % 64.0 62.5 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended December 31, 2021 Year ending December 31, 2022 Year ending December 31, 2022 (Forecast) Yen – – Yen 0.00 0.00 Yen 0.00 0.00 Yen 0.00 0.00 3. Forecast of consolidated financial results for the year ending December 31, 2022 (from January 1, 2022 to December 31, 2022) 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 1,100 % Millions of yen 248 14.2 % Millions of yen 244 8.8 % Millions of yen 190 10.5 % 0.9 Yen 33.42 Yen 5.77 6.61 Yen – – 1 4. Notes (1) Changes in significant subsidiaries during the three months ended March 31, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: No (3) 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 (4) 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 5,698,200 shares As of December 31, 2021 5,695,500 shares Number of treasury shares at the end of the period As of March 31, 2022 67 shares As of December 31, 2021 67 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended March 31, 2022 5,697,273 shares Three months ended March 31, 2021 5,527,176 shares 2 Quarterly consolidated financial statements Consolidated balance sheets (Thousands of yen) As of December 31, 2021 As of March 31, 2022 Assets Current assets Cash and deposits Accounts receivable – trade Work in process Supplies Other Total current assets Non-current assets Property, plant and equipment Intangible assets Software Software in progress Total intangible assets Investments and other assets Total non-current assets Total assets Liabilities Current liabilities Accounts payable – trade Contract liabilities Provision for bonuses Other Total current liabilities Non-current liabilities Long-term borrowings Asset retirement obligations Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Current portion of long-term borrowings Income taxes payable Total shareholders’ equity Accumulated other comprehensive income Foreign currency translation adjustment Total accumulated other comprehensive income Total net assets Total liabilities and net assets 3 1,371,465 1,398,532 145,621 1,517,087 144,524 1,543,057 1,291,240 40,899 62 155 39,108 22,072 46,175 8,214 54,390 69,159 26,089 14,982 30,195 365,781 4,022 59,029 500,100 50,000 10,392 8,643 69,035 569,136 385,260 346,110 210,255 (112) 941,513 6,437 6,437 947,950 1,517,087 1,320,154 41,283 30 154 36,910 21,600 48,808 8,464 57,273 65,651 28,643 49,148 8,094 384,046 4,337 53,922 528,191 10,000 10,495 6,207 26,702 554,894 385,515 346,365 244,163 (112) 975,931 12,231 12,231 988,162 1,543,057 Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) (Thousands of yen) Three months ended March 31, 2021 Three months ended March 31, 2022 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest income Other Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Other Total non-operating expenses Ordinary profit 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 227,018 88,820 138,198 94,746 43,451 6 36 43 555 1,771 0 2,327 41,166 41,166 3,757 (1,458) 2,299 38,867 – 38,867 252,477 92,739 159,737 110,022 49,714 7 0 7 0 489 1,727 2,217 47,504 47,504 5,784 7,812 13,597 33,907 – 33,907 4 Consolidated statements of comprehensive income (cumulative) (Thousands of yen) Three months ended March 31, 2021 Three months ended March 31, 2022 Profit Other comprehensive income Foreign currency translation adjustment Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 38,867 6,097 6,097 44,965 44,965 – 33,907 5,794 5,794 39,701 39,701 – 5