プロパティエージェント（3464） – [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) Company name: PROPERTY AGENT Inc. May 10, 2022TEL 03-6302-3627 URL http://www.propertyagent.co.jp Stock exchange listing: Tokyo Stock code: 3464 Representative: Inquiries: CEO CFO 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: Holding of financial results meeting: (1) Consolidated operating results Sei Nakanishi Koji Iwase June 28, 2022 June 28, 2022 June 29, 2022 Yes Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down)1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) 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 35,186 27,523 % Millions of yen 2,208 2,093 27.8 – % Millions of yen 1,918 5.5 1,790 – % Millions of yen 1,217 7.1 1,170 – % 4.0 – Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 166.82 161.72 Yen 165.70 160.42 % 15.9 16.4 % 6.4 6.4 Total assets Net assets Equity ratio Net assets per share Millions of yen 31,982 27,961 Millions of yen 8,220 7,150 % 25.4 25.5 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 127 236 Millions of yen 28 (578)Millions of yen 2,560 823 Millions of yen 7,898 5,181 % 6.3 7.6 Yen 1,113.80 982.61 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 – – – Yen 26.00 27.00 28.00 Yen Millions of yen 26.00 27.00 28.00 189 197 % 16.1 16.2 14.6 % 2.6 2.6 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 38,000 % Millions of yen 2,500 8.0 % Millions of yen 2,150 13.2 % Millions of yen 1,400 11.8 % 15.0 Yen 191.60 (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) Yes Yes No No No As of March 31, 2022 7,307,600 shares As of March 31, 2021 7,277,600 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 688 shares As of March 31, 2021 688 shares Year ended March 31, 2022 7,295,713 shares Year ended March 31, 2021 7,235,241 shares 4. Notes 2 (Thousands of yen) As of March 31, 2021 As of March 31, 2022 26,793,596 30,584,942 5,191,973 2,165 – 11,976,010 9,157,480 – 375,788 71,417 712 20,463 (2,415) 107,803 7,131 464 57,529 22,062 194,991 259,011 49,087 308,098 303,724 57,491 86,354 26,539 100,693 263,744 (173,714) 664,833 1,167,923 27,961,520 7,908,014 176,710 13,935 9,427,375 12,511,023 2,766 415,371 65,547 2,911 67,457 (6,171) 110,129 6,696 0 46,933 22,062 185,822 258,703 94,464 353,167 502,364 – 36,134 24,540 143,639 300,311 (148,604) 858,386 1,397,377 31,982,320 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Accounts receivable – trade Merchandise Real estate for sale Real estate for sale in process Work in process Advance payments to suppliers Prepaid expenses Consumption taxes refund receivable Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings, net Structures, net Vehicles, net Tools, furniture and fixtures, net Land Total property, plant and equipment Intangible assets Software Other Total intangible assets Investments and other assets Investment securities Shares of subsidiaries and associates Distressed receivables Long-term prepaid expenses Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 (Thousands of yen) As of March 31, 2021 As of March 31, 2022 Liabilities Current liabilities Accounts payable – trade Short-term borrowings Current portion of bonds payable Current portion of long-term borrowings Accounts payable – other Accrued expenses Income taxes payable Accrued consumption taxes Advances received Deposits received Unearned revenue Provision for bonuses Provision for bonuses for directors (and other officers) Provision for costs after sales Total current liabilities Non-current liabilities Bonds payable 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 Non-controlling interests Total net assets Total liabilities and net assets 13,030,383 12,705,667 2,344,392 3,758,400 28,000 5,453,423 156,365 200,988 285,224 64,144 60,940 528,265 25,382 49,128 65,000 10,727 1,058,000 6,641,915 80,829 7,780,744 20,811,127 609,356 559,356 5,898,598 (502) 7,066,808 74,519 74,519 9,065 – 7,150,392 27,961,520 1,172,402 4,272,292 68,000 4,774,001 157,501 290,458 510,310 211,480 84,037 965,180 29,939 55,535 67,000 47,526 1,170,000 9,773,952 112,264 11,056,216 23,761,883 616,119 534,223 6,907,163 (502) 8,057,003 81,447 81,447 7,301 74,683 8,220,436 31,982,320 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 27,523,846 22,183,108 5,340,737 3,247,670 2,093,066 81 1,456 1,474 1,150 – 207 4,369 219,132 79,207 8,320 306,660 1,790,776 – – 1,790,776 557,252 63,431 620,684 1,170,092 – 1,170,092 35,186,178 29,555,497 5,630,680 3,421,965 2,208,715 61 2,915 1,596 7,740 43,315 1,751 57,381 234,217 99,228 14,038 347,484 1,918,612 16,019 16,019 1,934,632 756,725 (46,536) 710,188 1,224,443 7,390 1,217,053 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Commission income Penalty income Subsidies for employment adjustment Other Total non-operating income Non-operating expenses Interest expenses Commission expenses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on step acquisitions 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 5Consolidated statements of comprehensive income (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 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 1,170,092 74,519 74,519 1,244,611 1,244,611 – 1,224,443 6,928 6,928 1,231,371 1,223,981 7,390 6Consolidated statements of changes in equity Fiscal year ended March 31, 2021 (Thousands of yen) Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Accumulated other comprehensive income Total shareholders’ equity Valuation difference on available-for-sale securities comprehensive income accumulated Total other Share acquisition rights Non-controlling interests Total net assets 596,109 546,109 4,908,318 (426) 6,050,112 – – 10,339 – 6,060,451 Balance at beginning of period Changes during period Issuance of new shares – exercise of share acquisition rights Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change of scope of consolidation and equity method Capital increase of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 13,246 13,246 26,492 (179,812) (179,812) 1,170,092 1,170,092 (76) (76) – – 26,492 (179,812) 1,170,092 (76) – – 74,519 74,519 (1,274) 73,245 13,246 13,246 990,279 (76) 1,016,696 74,519 74,519 (1,274) – 1,089,941 609,356 559,356 5,898,598 (502) 7,066,808 74,519 74,519 9,065 – 7,150,392 7 Fiscal year ended March 31, 2022 (Thousands of yen) Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Accumulated other comprehensive income Total shareholders’ equity Valuation difference on available-for-sale securities comprehensive income accumulated Total other Share acquisition rights Non-controlling interests Total net assets 609,356 559,356 5,898,598 (502) 7,066,808 74,519 74,519 9,065 – 7,150,392 Balance at beginning of period Changes during period Issuance of new shares – exercise of share acquisition rights Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change of scope of consolidation and equity method Capital increase of consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 6,763 6,763 13,526 (189,199) (189,199) 1,217,053 1,217,053 – – 13,526 (189,199) 1,217,053 (19,288) (31,895) 6,928 6,928 (1,764) 74,683 79,847 (19,288) (19,288) (31,895) (31,895) 6,763 (25,132) 1,008,564 – 990,195 6,928 6,928 (1,764) 74,683 1,070,043 616,119 534,223 6,907,163 (502) 8,057,003 81,447 81,447 7,301 74,683 8,220,436 8Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Share-based payment expenses Amortization of lease deposits Amortization of long-term prepaid expenses 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 provision for costs after sales Interest income Interest expenses Commission expenses Loss (gain) on step acquisitions Decrease (increase) in trade receivables Decrease (increase) in inventories Decrease (increase) in advance payments to suppliers Increase (decrease) in trade payables Other, net Subtotal Interest received Interest paid Amount of payment of commission Income taxes paid Net cash provided by (used in) operating activities (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 1,790,776 56,247 (49) 3,141 3,430 (11,048) 3,299 (5,000) 4,807 (81) 219,132 79,207 – 1,040 (2,012,631) (197,573) 968,814 368,598 1,272,113 81 (221,588) (79,207) (734,736) 236,662 1,934,632 96,143 (147) 4,969 5,498 (21,854) 4,838 2,000 36,798 (61) 234,217 99,228 (16,019) (99,316) (808,327) (38,182) (1,189,728) 806,060 1,050,748 61 (239,515) (99,228) (584,581) 127,485 9 (Thousands of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from investing activities Purchase of investment securities Purchase of property, plant and equipment Purchase of intangible assets Purchase of shares of subsidiaries and associates Proceeds from purchase of shares of subsidiaries resulting in change in scope of consolidation Payments of guarantee deposits 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 Purchase of treasury shares Dividends paid Proceeds from share issuance to non-controlling shareholders 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 (3,570) (149,336) (265,882) (57,491) (101,170) (752) (578,202) – (351,505) 7,867,300 (7,208,960) 700,000 (29,000) 25,267 (76) (179,812) – 823,213 481,674 4,700,299 5,181,973 (194,914) (15,355) (59,343) – 333,417 (35,479) (137) 28,187 513,892 9,286,600 (7,219,835) 200,000 (48,000) 11,909 – (189,199) 5,000 2,560,367 2,716,040 5,181,973 7,898,014 10