ランドコンピュータ（3924） – [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: R&D COMPUTER CO,.LTD Stock exchange listing: Tokyo Stock code: 3924 Representative: Inquiries: URL https://www.rand.co.jp/ President and Representative Director Director and General Manager, Corporate Administration Division Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: June 28, 2022 June 30, 2022 June 7, 2022 Yoshiaki Fukushima Fumitoshi Okuno TEL 03-5232-3046 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 No (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 9,596 – % Millions of yen 872 – – – % Millions of yen 879 – – – % Millions of yen 627 – – – % – – Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 69.85 – Yen – – % 15.1 – % 14.4 – Total assets Net assets Equity ratio Net assets per share Millions of yen 6,500 – Millions of yen 4,366 – % 67.2 – 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 793 – Millions of yen (106)– Millions of yen (170)– Millions of yen 2,883 – % 9.1 – Yen 486.46 – 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 12.00 15.00 14.00 Yen – – – Yen 13.00 18.00 14.00 Yen Millions of yen 25.00 33.00 28.00 149 251 % – 40.1 40.3 % – 4.8 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) 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 5,000 12.0 10,700 11.5 310 950 4.7 8.9 315 960 5.3 9.2 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share % 3.6 (1.2)200 620 Yen 22.28 69.07 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: Yes 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 8,980,650 shares As of March 31, 2021 8,980,650 shares As of March 31, 2022 4,317 shares As of March 31, 2021 389 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 8,978,917 shares Year ended March 31, 2021 8,980,324 shares 2 2,906,634 2,428,477 300,000 88,871 99,572 273 5,823,830 36,665 28,239 64,905 114,291 3,821 3,237 121,350 150,156 60,724 3,600 276,313 (800) 489,995 676,250 6,500,080 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits accounts receivable – trade, and contract assets (Thousands of yen) As of March 31, 2022 Securities Work in process Prepaid expenses Other Total current assets Non-current assets Property, plant and equipment Buildings Tools, furniture and fixtures Total property, plant and equipment Intangible assets Goodwill Software Trademark right Total intangible assets Investments and other assets Investment securities Guarantee deposits Golf club membership Deferred tax assets Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 (Thousands of yen) As of March 31, 2022 Liabilities Current liabilities Accounts payable – trade Accounts payable – other Accrued expenses Income taxes payable Accrued consumption taxes Contract liabilities Deposits received Provision for bonuses Provision for bonuses for directors (and other officers) Provision for shareholder benefit program Provision for loss on orders received Total current liabilities Non-current liabilities Long-term accounts payable – other Retirement benefit liability 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 Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets Total liabilities and net assets 437,392 54,236 105,255 287,630 119,385 62,836 49,739 378,351 45,500 17,075 68,000 1,625,402 100,000 408,026 508,026 2,133,429 458,499 314,769 3,527,761 (3,459) 4,297,571 76,442 (7,362) 69,079 4,366,651 6,500,080 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Thousands of yen) Fiscal year ended March 31, 2022 Net sales Cost of sales Gross profit Selling, general and administrative expenses Remuneration for directors (and other officers) Salaries and allowances Bonuses Provision for bonuses Legal welfare expenses Provision for bonuses for directors (and other officers) Total selling, general and administrative expenses Supplies expenses Taxes and dues Depreciation Amortization of goodwill Rent expenses on real estate Commission expenses Other Operating profit Non-operating income Interest income Dividend income Outsourcing service income Subsidy income Reversal of allowance for doubtful accounts Other Total non-operating income Non-operating expenses Interest expenses Loss on retirement of non-current assets Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of investment securities Compensation income Total extraordinary income 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 59,596,440 7,769,220 1,827,220 124,370 208,683 32,471 27,099 46,055 45,500 29,930 65,935 16,889 28,572 72,083 73,751 183,732 955,074 872,146 148 2,526 3,810 2,943 200 1,266 10,894 570 2,379 446 3,396 879,643 59,856 10,280 70,136 949,779 371,006 (48,433) 322,573 627,206 – 627,206 Consolidated statements of comprehensive income (Thousands of yen) Fiscal year ended March 31, 2022 Profit Other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 627,206 (29,247) (3,218) (32,466) 594,740 594,740 – 6Consolidated statements of changes in equity Fiscal year ended March 31, 2022 (Thousands of yen) Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity 458,499 314,769 3,068,186 (247) 3,841,207 Balance at end of period 458,499 314,769 3,527,761 – – 459,574 (3,211) (3,459) 456,363 4,297,571 Accumulated other comprehensive income Valuation difference on available-for-sale securities Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets 105,690 (4,144) 101,546 3,942,753 (167,631) 627,206 (167,631) 627,206 (3,211) (3,211) (167,631) 627,206 (3,211) (29,247) (3,218) (32,466) (32,466) (29,247) 76,442 (3,218) (7,362) (32,466) 69,079 423,897 4,366,651 Balance at beginning of period Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at beginning of period Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 7Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Amortization of goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in provision for bonuses for directors (and other officers) Increase (decrease) in retirement benefit liability Increase (decrease) in provision for loss on orders received Increase (decrease) in provision for shareholder benefit program Interest and dividend income Fiduciary obligation fee Subsidy income Compensation income Loss (gain) on sale of investment securities Interest expenses 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 accrued consumption taxes Increase (decrease) in contract liabilities Decrease (increase) in other current assets Increase (decrease) in other current liabilities Other, net Subtotal Interest and dividends received Proceeds from fiduciary obligation fee Subsidies received Proceeds from compensation Interest paid Income taxes paid Net cash provided by (used in) operating activities (Thousands of yen) Fiscal year ended March 31, 2022 949,779 33,179 28,572 (200) 26,302 12,900 14,934 59,000 (2,558) (2,674) (3,810) (2,943) (10,280) (59,856) 570 2,379 (63,685) 10,080 1,311 18,543 (27,662) (10,650) 18,335 275 991,843 2,674 3,810 2,943 10,280 (570) (217,250) 793,730 8 (Thousands of yen) Fiscal year ended March 31, 2022 Cash flows from investing activities Payments into time deposits Purchase of investment securities Proceeds from sale of investment securities Purchase of property, plant and equipment and intangible assets Purchase of shares of subsidiaries resulting in change in scope of consolidation Payments of guarantee deposits Proceeds from refund of guarantee deposits Proceeds from cancellation of insurance funds Net cash provided by (used in) investing activities Cash flows from financing activities 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 (5,405) (3,175) 78,765 (22,439) (161,532) (2,216) 1,423 8,000 (106,579) (167,631) (3,211) (170,842) 516,309 2,367,253 2,883,562 9