日本トランスシティ（9310） – [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: Japan Transcity Corporation Stock exchange listing: Tokyo, Nagoya Stock code: 9310 URL https://www.trancy.co.jp Representative: Inquiries: President and Representative Director Finance & Accounting Dept. General Manager Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Hitoshi Ando June 29, 2022 June 29, 2022 June 30, 2022 Masayuki Nagato TEL 059-363-5211 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) Yes Yes (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 116,750 101,173 % Millions of yen 6,669 4,441 15.4 (0.4)% Millions of yen 8,368 5,290 50.2 33.1 % Millions of yen 5,597 4,636 58.2 17.8 % 20.7 52.8 Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 87.14 72.29 Yen – – % 8.3 7.5 % 6.6 4.3 Total assets Net assets Equity ratio Net assets per share Millions of yen 129,886 125,526 Millions of yen 72,778 66,981 % 54.1 51.5 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 7,261 8,623 Millions of yen (2,518)(3,477)Millions of yen (3,593)(3,412)Millions of yen 13,737 12,313 % 5.7 4.4 Yen 1,091.82 1,008.72 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 5.00 5.50 Yen – – – Yen 5.00 5.50 5.50 Yen Millions of yen 10.00 10.50 11.00 641 675 % 13.8 12.0 14.4 % 1.0 1.0 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen % 60,100 7.8 3,000 (11.6)3,600 (13.6)2,600 (11.2)114,000 (2.4)5,700 (14.5)6,900 (17.5)4,900 (12.5)Yen 40.47 76.28 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share 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 67,142,417 shares As of March 31, 2021 67,142,417 shares As of March 31, 2022 2,838,228 shares As of March 31, 2021 3,008,216 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 64,238,859 shares Year ended March 31, 2021 64,134,772 shares 2 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable-trade Notes and accounts receivable – trade and contract assets Inventories 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 Construction in progress Other, net Total property, plant and equipment Intangible assets Investments and other assets Investment securities Deferred tax assets Retirement benefit asset Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 13,352 15,719 – 159 1,964 (59) 31,136 32,306 4,254 32,299 687 2,178 71,726 1,325 15,806 814 3,721 1,010 (15) 21,338 94,390 125,526 14,567 – 18,125 183 3,199 (81) 35,993 31,722 4,116 32,269 364 2,026 70,499 1,048 16,552 863 3,961 981 (14) 22,344 93,892 129,886 3 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Liabilities Current liabilities Trade notes and accounts payable Short-term borrowings Current portion of long-term borrowings Income taxes payable Provision for bonuses Other Total current liabilities Non-current liabilities Long-term borrowings Deferred tax liabilities Deferred tax liabilities for land revaluation Retirement benefit liability Long-term guarantee deposits 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 Revaluation reserve for land 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 9,684 2,370 3,372 883 1,139 3,878 21,327 26,410 1,455 3,705 2,107 2,244 1,292 37,216 58,544 8,428 6,788 48,915 (1,186) 62,945 2,509 (1,338) 43 533 1,747 2,288 66,981 125,526 10,045 2,370 7,894 985 1,192 3,995 26,482 19,416 2,008 3,694 2,128 2,167 1,208 30,624 57,107 8,428 6,822 53,883 (1,119) 68,014 2,710 (1,364) 296 550 2,194 2,570 72,778 129,886 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 101,173 90,682 10,490 6,049 4,441 1,042 194 5,290 35 324 542 – 140 140 21 20 12 36 0 37 96 111 159 0 367 4,959 1,364 (1,170) 193 4,765 129 4,636 116,750 103,775 12,974 6,305 6,669 22 494 873 242 187 1,820 115 – – 5 121 8,368 30 1 31 275 52 – – 328 8,072 1,805 400 2,206 5,865 267 5,597 Dividend income Share of profit of entities accounted for using equity method Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Selling, general and administrative expenses Foreign exchange gains Other Total non-operating income Non-operating expenses Interest expenses Commission for syndicated loans Foreign exchange losses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on disposal of non-current assets Other Total extraordinary income Extraordinary losses Loss on disposal of non-current assets Impairment losses Loss on liquidation of subsidiaries and associates 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 5Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities 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 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 4,765 1,188 (246) 918 0 1,860 6,626 6,562 64 5,865 201 255 17 17 491 6,357 6,070 287 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 (Millions of yen) Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity (1,185) 58,946 (1,185) 58,947 – 8,428 2 6,788 3,995 48,915 (0) (1,186) 3,997 62,945 Accumulated other comprehensive income Valuation difference on available-for-sale securities Revaluation reserve for land 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 1,329 (1,338) (384) (178) 2,230 60,998 1,329 (1,338) (384) (178) 2,230 60,999 Balance at beginning of period Retrospective restatement Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Purchase of shares of consolidated subsidiaries Reversal of revaluation reserve for land Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 8,428 8,428 Retrospective restatement Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Purchase of shares of consolidated subsidiaries Reversal of revaluation reserve for land Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – – (1,338) 1,179 1,179 2,509 6,785 6,785 – 2 214 214 (171) (171) 43 7 (0) – 44,919 0 44,919 (641) 4,636 – 918 918 533 1,925 1,925 1,747 58 58 2,288 (641) 4,636 (0) 0 – 2 – (641) 4,636 0 (0) – 2 – 1,984 5,982 66,981 Fiscal year ended March 31, 2022 (Millions of yen) Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Shareholders’ equity Balance at beginning of period 8,428 6,788 8,428 6,788 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Purchase of shares of consolidated subsidiaries Reversal of revaluation reserve for land 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 Purchase of treasury shares Disposal of treasury shares Purchase of shares of consolidated subsidiaries Reversal of revaluation reserve for land Net changes in items other than shareholders’ equity Total changes during period – 8,428 33 6,822 66 (1,119) 5,081 68,014 Accumulated other comprehensive income Valuation difference on available-for-sale securities Revaluation reserve for land 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 2,509 (1,338) 533 1,747 2,288 66,981 2,509 (1,338) 533 1,747 2,288 66,969 48,915 (12) 48,902 (642) 5,597 25 4,981 53,883 17 17 550 (1,186) (1,186) (0) 67 62,945 (12) 62,932 (642) 5,597 (0) 99 1 25 (12) (642) 5,597 (0) 99 1 25 727 5,809 72,778 31 1 43 43 253 253 296 8Balance at end of period 2,710 (1,364) 2,194 2,570 201 201 (25) (25) 446 446 281 281 Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Increase (decrease) in retirement benefit liability Decrease (increase) in retirement benefit asset Loss (gain) on disposal of non-current assets Loss on liquidation of subsidiaries and associates Interest and dividend income Interest expenses Share of loss (profit) of entities accounted for using equity method Decrease (increase) in trade receivables Increase (decrease) in trade payables Decrease (increase) in inventories Increase (decrease) in accrued consumption taxes 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 property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment and intangible assets Purchase of investment securities Proceeds from sale of investment securities Loan advances Proceeds from collection of loans receivable 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 Purchase of treasury shares Dividends paid Repayments of lease liabilities Other, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents 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 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 4,959 4,467 111 103 (74) 59 159 (359) 140 (542) (1,497) 610 0 924 (190) 8,872 730 (141) (837) 8,623 (515) 412 (3,339) 34 (133) 1 (85) 50 97 (3,477) 100 3,650 (6,021) (0) (641) (442) (56) (3,412) (60) 1,673 10,640 12,313 8,072 4,516 52 61 (257) 245 – (517) 115 (873) (2,166) 208 (24) (506) (852) 8,075 971 (116) (1,669) 7,261 (1) 207 (2,585) 46 (26) 6 (319) 138 16 (2,518) – 900 (3,372) (0) (642) (422) (56) (3,593) 274 1,423 12,313 13,737