ビーアールホールディングス（1726） – [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: Br. Holdings Corporation Stock exchange listing: Tokyo Stock code: 1726 URL https://www.brhd.co.jp Representative: Inquiries: President Director, General Manager, Administration Kimiyasu Fujita Takeshi Amatsu TEL 082-261-2860 Division Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: June 17, 2022 June 20, 2022 June 20, 2022 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) No Yes (for institutional investors and analysts) (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 35,899 38,797 % Millions of yen 2,289 3,045 (7.5)11.6 % Millions of yen 2,296 2,954 (24.8)41.1 % Millions of yen 1,527 1,948 (22.3) 40.9 % (21.6)44.4 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 33.85 49.69 Yen 33.55 49.18 % 12.1 20.7 % 6.9 10.0 Total assets Net assets Equity ratio Net assets per share Millions of yen 33,961 32,649 Millions of yen 13,296 12,152 % 38.8 36.9 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 20 (3,224)Millions of yen (520)(194)Millions of yen (639)3,672 Millions of yen 1,425 2,565 % 6.4 7.8 Yen 292.06 267.80 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 5.00 6.00 6.00 Yen – – – Yen 6.00 6.00 6.00 Yen Millions of yen 11.00 12.00 12.00 464 542 % 22.1 35.5 33.8 % 5.0 4.3 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 37,000 % Millions of yen 2,450 3.1 % Millions of yen 2,400 7.0 % Millions of yen 1,600 4.5 % 4.8 Yen 35.46 (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) No Yes No No No As of March 31, 2022 45,795,000 shares As of March 31, 2021 45,795,000 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 622,596 shares As of March 31, 2021 802,596 shares Year ended March 31, 2022 45,121,117 shares Year ended March 31, 2021 39,203,387 shares 4. Notes 2 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 2,730 19,776 635 1,392 97 116 1,902 17 26,669 6,574 5,683 2,081 165 (9,318) 5,186 46 28 20 95 410 152 158 (24) 698 5,980 32,649 1,556 20,458 376 1,204 229 136 3,972 13 27,949 6,801 5,733 2,201 1 (9,514) 5,223 83 – 20 103 429 123 155 (23) 685 6,012 33,961 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes receivable, accounts receivable from completed construction contracts and other Costs on construction contracts in progress Merchandise and finished goods Work in process Raw materials and supplies Accounts receivable – other Other Total current assets Non-current assets Property, plant and equipment Buildings and structures Machinery, vehicles, tools, furniture and fixtures Land Construction in progress Accumulated depreciation and impairment Total property, plant and equipment Intangible assets Software Software in progress Telephone subscription right Total intangible assets Investments and other assets Investment securities Deferred tax assets 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 Accounts payable – other Short-term borrowings Current portion of long-term borrowings Income taxes payable Accrued consumption taxes Deposits received Advances received on construction contracts in progress Provision for loss on construction contracts Provision for warranties for completed construction Other Total current liabilities Non-current liabilities Long-term borrowings 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 Total accumulated other comprehensive income Share acquisition rights Total net assets Total liabilities and net assets 4,572 2,267 277 5,300 1,300 748 454 1,039 829 148 18 642 17,597 2,750 149 2,899 20,497 3,114 2,776 6,386 (318) 11,958 90 90 103 12,152 32,649 5,242 1,897 152 5,500 950 181 99 1,425 1,784 155 20 328 17,737 2,800 128 2,928 20,665 3,114 2,794 7,429 (247) 13,091 101 101 103 13,296 33,961 4Consolidated 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 Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest and dividend income Rental income from land and buildings Royalty income Gain on sale of scraps Subsidy income Other Total non-operating income Non-operating expenses Interest expenses Construction guarantee fee Financing expenses Share issuance costs 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 38,797 33,215 5,582 2,537 3,045 6 6 5 14 5 18 57 48 19 47 32 0 148 2,954 2,954 1,086 (80) 1,006 1,948 1,948 35,899 31,053 4,845 2,556 2,289 6 6 2 54 5 18 94 39 18 28 – 1 87 2,296 2,296 772 (2) 769 1,527 1,527 5Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities 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 1,948 22 22 1,970 1,970 – 1,527 10 10 1,538 1,538 – 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 951 4,826 (395) 6,699 1,317 1,796 1,796 3,114 Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Changes during period Issuance of new shares Dividends of surplus Profit attributable to owners of parent Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Accumulated other comprehensive income Valuation difference on available-for-sale securities Total accumulated other comprehensive income Share acquisition rights Total net assets Balance at beginning of period 68 68 103 6,871 22 22 90 22 22 90 – – 103 (388) 1,948 1,560 6,386 3,593 (388) 1,948 104 5,258 11,958 76 76 (318) 3,593 (388) 1,948 104 22 5,281 12,152 1,796 28 1,824 2,776 7 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 3,114 2,776 (318) 11,958 3,114 2,776 (318) 12,015 Accumulated other comprehensive income Valuation difference on available-for-sale securities Total accumulated other comprehensive income Share acquisition rights Total net assets Balance at beginning of period 103 12,152 57 (540) 1,527 89 1,075 13,091 6,386 57 6,443 (540) 1,527 986 7,429 103 – – 103 71 71 (247) 57 12,209 (540) 1,527 89 10 1,086 13,296 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Disposal of treasury shares 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 Dividends of surplus Profit attributable to owners of parent Disposal of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 3,114 90 90 10 10 101 17 17 2,794 90 90 10 10 101 8 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 2,954 340 104 32 (1) 148 (16) (6) 48 (5,869) 781 596 (1,493) (679) (596) 349 783 (11) 105 (3) (2,434) 6 (48) (749) (3,224) (985) 1,240 (440) (43) (1) 30 (0) 5 (194) 2,296 349 89 – (1) 8 1 (6) 39 (118) 215 (351) (2,071) 299 955 (405) 386 2 (340) 1,349 0 6 (40) (1,295) 20 (446) 480 (529) (28) (1) – – 5 (520) Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Share-based payment expenses Share issuance costs Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for loss on construction contracts Increase (decrease) in provision for warranties for completed construction Interest and dividend income Interest expenses Decrease (increase) in trade receivables Decrease (increase) in costs on construction contracts in progress Decrease (increase) in other inventories Decrease (increase) in accounts receivable – other Increase (decrease) in trade payables Increase (decrease) in advances received on construction contracts in progress Increase (decrease) in accrued consumption taxes Increase (decrease) in deposits received Decrease (increase) in other assets Increase (decrease) in other liabilities Other loss (gain) Subtotal Interest paid Income taxes paid Interest and dividends received 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 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 Net cash provided by (used in) investing activities 9 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 shares Dividends paid Repayments of lease liabilities 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 1,500 – (1,000) 3,561 (387) (0) 3,672 252 2,312 2,565 200 1,000 (1,300) – (539) – (639) (1,139) 2,565 1,425 10