エフオン（9514） – [Delayed]Summary of Consolidated Financial Results for the Nine 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 Nine Months Ended March 31, 2022 (Based on Japanese GAAP) May 13, 2022 Company name: Stock exchange listing: Tokyo EF-ON INC. Stock code: Representative: 9514 President and Representative Director URL http://www.ef-on.co.jp/ Inquiries: Scheduled date to file Quarterly Securities Report: Executive Director TOMOTADA SHIMAZAKI HISAHITO KOIKE May 13, 2022 TEL 03-4500-6450 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: No – Holding of quarterly financial results meeting: 1. Consolidated financial results for the nine months ended March 31, 2022 (from July 1, 2021 to March 31, 2022) No (Amounts less than one million yen are rounded down)(1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changesProfit attributable to owners of parent Ordinary profit Nine months ended March 31, 2022 Nine months ended March 31, 2021 Millions of yen 10,104 9,956 % Millions of yen 1,035 1.5 2,058 10.2 % Millions of yen 923 1,937 (49.7)(10.8)% Millions of yen 728 1,347 (52.3)(12.0)% (46.0)1.4 Nine months ended March 31, 2022 Nine months ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of June 30, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 33.78 62.29 Total assets Net assets Equity ratio Millions of yen 47,793 45,603 Millions of yen 17,374 16,924 % 36.4 37.1 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended June 30, 2021 Year ending June 30, 2022 Year ending June 30, 2022 (Forecast) Yen – – Yen 0.00 0.00 Yen 8.00 8.00 Yen 8.00 8.00 3. Forecast of consolidated financial results for the year ending June 30, 2022 (from July 1, 2021 to June 30, 2022) 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 13,500 % Millions of yen 1,650 2.7 % Millions of yen 1,500 (36.2)% Millions of yen 1,050 (37.4)% (37.3)Yen 48.69 Yen – – Yen – – 14. Notes (1) Changes in significant subsidiaries during the nine 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: (4) 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 21,636,579 shares As of June 30, 2021 21,636,579 shares Number of treasury shares at the end of the period As of March 31, 2022 149,200 shares As of June 30, 2021 – shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Nine months ended March 31, 2022 21,566,599 shares Nine months ended March 31, 2021 21,637,441 shares 2Quarterly consolidated financial statements Consolidated balance sheets (Millions of yen) As of June 30, 2021 As of March 31, 2022 5,272 1,270 874 31 508 123 8,081 8,847 (1,589) 7,257 21,243 (6,483) 14,760 236 (156) 79 3,229 772 (695) 77 770 10,839 37,015 329 8 338 88 80 168 37,521 45,603 5,100 1,172 1,127 55 691 217 8,364 9,113 (1,761) 7,351 20,684 (6,377) 14,306 268 (178) 90 3,291 652 (616) 35 831 12,893 38,802 317 12 329 77 219 297 39,428 47,793 Assets Current assets Cash and deposits Notes and accounts receivable – trade Supplies Consumption taxes receivable Deferred income tax – non current Other 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 Tools, furniture and fixtures Accumulated depreciation Tools, furniture and fixtures, net Land Leased assets Accumulated depreciation Leased assets, net Trees Construction in progress Total property, plant and equipment Intangible assets Right to use electricity supply facilities Other Total intangible assets Investments and other assets Deferred tax assets Other Total investments and other assets Total non-current assets Total assets 3 (Millions of yen) As of June 30, 2021 As of March 31, 2022 Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Current portion of long-term borrowings Accounts payable – other Current portion of long-term accounts payable-other Lease obligations Income taxes payable Provision for bonuses Provision for maintenance Other Total current liabilities Non-current liabilities Long-term borrowings Long-term accounts payable – other Lease obligations Provision for share awards Deferred tax liabilities Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Total net assets Total liabilities and net assets 1,000 200 1,938 1,145 70 58 308 44 403 175 5,344 23,194 0 32 – 107 23,334 28,678 2,292 1,292 13,339 – 16,924 16,924 45,603 1,563 – 2,330 571 1 35 63 81 560 362 5,570 24,663 – 9 21 153 24,848 30,418 2,292 1,292 13,894 (105) 17,374 17,374 47,793 4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) (Millions of yen) Nine months ended Nine months ended March 31, 2021 March 31, 2022 9,956 7,301 2,654 596 2,058 18 111 4 2 20 139 1,937 0 2 4 6 – 6 8 – 8 – – – 1,946 441 157 598 1,347 1,347 10,104 8,240 1,863 828 1,035 0 3 6 8 1 2 4 0 4 – 22 125 134 923 228 228 65 0 66 300 57 357 728 728 1,086 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Gain on sale of scraps Subsidy income Subsidy income Gain on sale of non-current assets Other Total non-operating income Non-operating expenses Interest expenses Commission expenses Loss on retirement of non-current assets Other Total non-operating expenses Ordinary profit Extraordinary income Gain on reversal of share acquisition rights Subsidy income Total extraordinary income Extraordinary losses Head office relocation expenses Other Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent 5Consolidated statements of comprehensive income (cumulative) Nine months ended Nine months ended March 31, 2021 March 31, 2022 (Millions of yen) 1,347 1,347 1,347 – 728 728 728 – Profit Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 6