ミダックホールディングス（6564） – [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 13, 2022 Company name: MIDAC HOLDINGS CO., LTD. Stock exchange listing: Tokyo, Nagoya Stock code: 6564 URL https://www.midac.jp Representative: Inquiries: President Director Department Manager Planning Department 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: Keiko Kato June 29, 2022 June 30, 2022 June 30, 2022 Yes Yes Hiroaki Takada TEL 053-488-7173 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 6,381 5,701 % Millions of yen 2,264 1,883 11.9 9.4 % Millions of yen 2,188 1,848 20.2 26.0 % Millions of yen 1,301 1,018 18.4 27.8 % 27.7 28.0 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 48.59 38.45 Yen 48.58 – % 17.3 20.6 % 12.8 14.1 Total assets Net assets Equity ratio Net assets per share Millions of yen 20,056 14,222 Millions of yen 9,537 5,522 % 47.5 38.8 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 1,823 1,773 Millions of yen (3,908)(2,063)Millions of yen 3,685 827 Millions of yen 5,894 4,293 % 35.5 33.0 Yen 345.66 207.58 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 5.00 5.00 3.50 Yen Millions of yen 5.00 5.00 3.50 66 137 % 6.5 10.3 5.4 % 1.3 1.8 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) Yen – – – 1 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen 3,794 24.3 1,283 11.4 1,244 10.0 696 7,844 22.9 2,962 30.8 2,885 31.9 1,750 34.5 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share % 8.4 Yen 26.03 65.38 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 27,773,500 shares As of March 31, 2021 26,773,500 shares As of March 31, 2022 200,667 shares As of March 31, 2021 179,200 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 26,774,743 shares Year ended March 31, 2021 26,499,147 shares 2 As of March 31, 2021 As of March 31, 2022 (Thousands of yen) 4,293,770 718,665 46,085 271,192 (1,727) 5,327,987 1,510,776 (1,007,424) 503,351 3,337,719 (2,874,926) 462,792 1,609,173 (965,749) 643,423 1,845,610 3,414,256 229,904 (191,828) 38,076 6,907,511 1,147,805 200,500 21,616 1,369,921 132,071 484,788 616,860 8,894,293 14,222,281 5,894,217 676,330 63,817 512,101 (1,288) 7,145,177 2,013,291 (1,215,349) 797,941 3,855,420 (3,174,736) 680,684 6,075,819 (1,117,574) 4,958,244 2,484,755 1,788,486 290,461 (226,188) 64,272 10,774,385 1,175,467 160,400 39,744 1,375,611 262,457 498,872 761,330 12,911,328 20,056,505 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Inventories Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Final disposal site Accumulated depreciation Final disposal site, net Land Construction in progress Other Accumulated depreciation Other, net Total property, plant and equipment Intangible assets Goodwill Facility installation right Other Total intangible assets Investments and other assets Deferred tax assets Other 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 Short-term borrowings Current portion of bonds payable Current portion of long-term borrowings Income taxes payable Accounts payable – other Provision for bonuses Other Total current liabilities Non-current liabilities Bonds payable 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 Total shareholders’ equity Share acquisition rights Total net assets Total liabilities and net assets Deferred tax liabilities Provision for maintenance of final disposal site 56,270 4,337,500 28,000 567,228 485,090 254,965 78,531 340,357 6,147,943 46,000 1,725,572 14,583 649,019 108,596 7,645 2,551,417 8,699,360 752,971 1,499,772 3,327,635 (60,018) 5,520,360 2,559 5,522,920 14,222,281 68,086 4,883,500 30,000 619,879 489,857 1,051,810 86,300 236,221 7,465,656 216,000 1,955,519 – 699,605 110,922 71,372 3,053,418 10,519,075 2,149,871 2,896,672 4,562,244 (77,940) 9,530,847 6,582 9,537,430 20,056,505 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 Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Selling, general and administrative expenses Gain on sale of non-current assets Rental income from real estate Insurance claim income Subsidy income Other Total non-operating income Non-operating expenses Interest expenses Share issuance costs Rental costs on real estate Other Total non-operating expenses Ordinary profit Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent 5,701,605 2,372,969 3,328,635 1,444,642 1,883,993 320 9,774 14,838 – – 7,169 32,104 55,425 – 9,637 2,527 67,590 1,848,506 1,848,506 859,709 (30,170) 829,538 1,018,967 1,018,967 6,381,147 2,451,154 3,929,993 1,665,126 2,264,866 1,751 8,612 13,259 4,430 8,408 4,660 41,124 68,618 18,138 10,250 20,339 117,346 2,188,644 2,188,644 954,546 (66,996) 887,549 1,301,095 1,301,095 5Consolidated statements of comprehensive income Profit Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Fiscal year ended March 31, 2021 (Thousands of yen) Fiscal year ended March 31, 2022 1,018,967 1,018,967 1,018,967 1,301,095 1,301,095 1,301,095 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares (Thousands of yen) Total net assets Total shareholders’ equity Share acquisition rights 752,971 1,385,576 2,374,550 (130,900) 4,382,197 – 4,382,197 (7,160) 192,239 2,559 2,559 (65,883) (65,883) (65,883) 1,018,967 1,018,967 1,018,967 (7,160) (7,160) 114,196 78,042 192,239 Balance at beginning of period Changes during period Issuance of new shares 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 – 114,196 953,084 70,882 1,138,163 2,559 1,140,723 752,971 1,499,772 3,327,635 (60,018) 5,520,360 2,559 5,522,920 7 Fiscal year ended March 31, 2022 Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares (Thousands of yen) Total net assets Total shareholders’ equity Share acquisition rights 752,971 1,499,772 3,327,635 (60,018) 5,520,360 2,559 5,522,920 1,396,900 1,396,900 2,793,800 2,793,800 (66,485) (66,485) (66,485) 1,301,095 1,301,095 1,301,095 (17,922) (17,922) (17,922) – 4,022 4,022 Balance at beginning of period Changes during period Issuance of new shares 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 1,396,900 1,396,900 1,234,609 (17,922) 4,010,486 4,022 4,014,509 2,149,871 2,896,672 4,562,244 (77,940) 9,530,847 6,582 9,537,430 8Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Amortization of goodwill Share-based payment expenses Share issuance costs Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase(decrease) in provision for maintenance of final disposal site Interest and dividend income Interest expenses Loss (gain) on sale of non-current assets Loss on tax purpose reduction entry of non-current assets Decrease (increase) in trade receivables Decrease (increase) in inventories Decrease (increase) in other current assets Increase (decrease) in trade payables Decrease (increase) in consumption taxes refund receivable Increase (decrease) in other current liabilities 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 Proceeds from sale of property, plant and equipment Purchase of intangible assets Payments of leasehold and guarantee deposits Purchase of shares of subsidiaries resulting in change in scope of consolidation 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 Proceeds from issuance of bonds Redemption of bonds Proceeds from issuance of shares Dividends paid Purchase of treasury 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 9 (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 1,848,506 379,400 250,425 43,078 – (2,849) 3,709 74,519 (351) 55,425 (9,453) – (106,146) 3,428 (5,091) 4,671 – 22,668 6,992 2,568,933 351 (53,429) (742,270) 1,773,585 (2,070,544) 23,694 (2,520) – – (14,627) (2,063,998) 1,216,000 300,000 (567,252) – (48,000) – (65,883) (7,160) 827,704 537,291 3,756,479 4,293,770 2,188,644 413,979 254,576 44,534 18,138 (802) 7,046 50,585 (1,783) 68,618 (8,419) 10,916 100,445 (15,462) (3,912) (18,504) (234,876) (56,566) 16,874 2,834,032 1,783 (66,615) (945,952) 1,823,247 (2,919,248) 24,638 (8,010) (41,076) (950,886) (13,853) (3,908,435) 546,000 1,067,378 (784,780) 193,782 (28,000) 2,775,661 (66,485) (17,922) 3,685,634 1,600,446 4,293,770 5,894,217