川田テクノロジーズ（3443） – [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 12, 2022 Company name: KAWADA TECHNOLOGIES, INC Stock exchange listing: Tokyo Stock code: 3443 URL https://www.kawada.jp/ Representative: Inquiries: Officer President Managing Director and Chief Financial Kawada Tadahiro Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: June 29, 2022 June 30, 2022 June 30, 2022 Watanabe Satoru TEL 03(3915)7722 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 (1) Consolidated operating results Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Millions of yen 103,760 115,545 % Millions of yen 6,412 – 5,565 (9.1)% Millions of yen 7,689 – 8,048 (17.7)% Millions of yen 5,176 – 6,340 (5.8) % – (1.7)Year ended March 31, 2022 Year ended March 31, 2021 Note: Comprehensive income Year ended March 31, 2022 Year ended March 31, 2021 ¥6,781 million [(15.5) %] ¥5,380 million [–%] (Amounts less than one million yen are rounded down)Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Year ended March 31, 2022 Year ended March 31, 2021 Yen 877.61 1,077.29 Yen – 1,076.54 % 7.6 10.1 Reference: Share of profit of entities accounted for using equity method Year ended March 31, 2022 % 5.5 5.6 ¥883 million % 6.2 4.8 Note: As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant Year ended March 31, 2021 ¥2,516 million revised ASBJ regulations from the beginning of the fiscal year ended March 31, 2022, each figure for the fiscal year ended March 31, 2022, is the figure after the application of the said standard, etc., and year-on-year changes are not presented. (2) Consolidated financial position Total assets Net assets Equity ratio Net assets per share Millions of yen 133,337 147,408 Millions of yen 71,921 66,964 % 53.2 44.8 Yen 12,028.82 11,221.49 As of March 31, 2022 As of March 31, 2021 Reference: Equity As of March 31, 2022 As of March 31, 2021 ¥71,001 million ¥66,102 million Note: As the Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) and relevant revised ASBJ regulations from the beginning of the fiscal year ended March 31, 2022, each figure as of March 31, 2022, is the figure after the application of the said standard, etc. 1(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) 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 20,391 (2,547)Millions of yen (1,948)(4,183)Millions of yen (15,811)8,220 Millions of yen 13,674 10,767 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 Yen Yen Millions of yen – – – – – – Yen 80.00 100.00 80.00 100.00 80.00 80.00 – – – 473 591 % 7.4 11.4 16.9 % 0.7 0.9 Note: Breakdown of fiscal year-end dividends for the fiscal year ended March 31, 2022 Ordinary dividend of ¥80.00, and commemorative dividend of ¥20.00 3. 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 116,000 % Millions of yen 4,000 11.8 % Millions of yen 4,600 (37.6)% Millions of yen 2,800 (40.2)% (45.9)Yen 474.37 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 5,915,870 shares As of March 31, 2021 5,915,870 shares As of March 31, 2022 13,279 shares As of March 31, 2021 25,153 shares Number of treasury shares at the end of the period Average number of shares during the period Year ended March 31, 2022 5,898,779 shares Year ended March 31, 2021 5,885,903 shares 2 Reference: Summary of non-consolidated financial results 1.Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2021 to March 31, 2022) (1) Non-consolidated operating results Percentages indicate year-on-year changesYear ended March 31, 2022 Year ended March 31, 2021 Net sales Operating profit Ordinary profit Profit Millions of yen 2,240 2,052 % Millions of yen 928 9.1 861 (2.6)% Millions of yen 914 7.8 843 (7.7)% Millions of yen 1,018 8.5 1,082 (7.9) % (5.9)(3.6)Earnings per share Diluted earnings per share Yen 172.28 183.08 Yen – 182.96 Year ended March 31, 2022 Year ended March 31, 2021 (2) Non-consolidated financial position Total assets Net assets Equity ratio Net assets per share Millions of yen 26,354 25,247 Millions of yen 25,342 24,814 % 96.2 98.3 Yen 4,286.09 4,195.63 As of March 31, 2022 As of March 31, 2021 As of March 31, 2022 As of March 31, 2021 Reference: Equity * Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. * Proper use of forecasts financial results, and other special matters ¥25,340 million ¥24,812 million Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. Results may differ materially from the consolidated forecasts due to various factors. We have decided to cancel the financial results presentation meeting for institutional investors and analysts, considering the health and safety of participants and related parties to be the most important, as the novel coronavirus disease is spreading. We disclosed supplementary material on financial results on our website and TDnet today. 3 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 receivable, accounts receivable from completed construction contracts and other Costs on construction contracts in progress Machinery, vehicles, tools, furniture and fixtures Aircraft Other inventories Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Land Leased assets Construction in progress Accumulated depreciation Total property, plant and equipment Intangible assets Investments and other assets Investment securities Shares of subsidiaries and associates Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 10,852 59,006 3,932 1,071 5,122 (5) 79,980 23,132 23,808 4,993 14,965 2,298 301 (42,754) 26,744 962 2,770 34,463 1,829 671 (14) 39,720 67,427 147,408 13,761 48,679 189 921 2,936 (6) 66,482 23,507 24,396 4,782 14,958 2,051 74 (43,788) 25,982 1,108 2,343 35,067 1,644 724 (15) 39,764 66,854 133,337 4 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 Short-term borrowings Current portion of long-term borrowings Current portion of bonds payable Lease liabilities Income taxes payable Advances received on construction contracts in progress Unearned revenue Provision for bonuses Provision for warranties for completed construction Provision for loss on construction contracts Other Total current liabilities Non-current liabilities Bonds payable Long-term borrowings Lease liabilities Deferred tax liabilities Deferred tax liabilities for land revaluation Provision for retirement benefits for directors (and other officers) Retirement benefit liability Asset retirement obligations Negative goodwill 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 Share acquisition rights Non-controlling interests Total net assets Total liabilities and net assets 565,612 46,734 23,714 20,789 4,462 150 485 626 6,330 223 2,159 112 1,936 4,621 625 8,357 1,014 87 1,475 529 2,427 138 112 63 14,831 80,443 5,285 10,732 46,754 (36) 62,736 1,355 978 415 617 3,366 1 859 66,964 147,408 18,880 5,717 4,548 440 419 1,114 3,508 1,820 2,342 178 2,070 5,694 1,040 8,138 758 90 1,474 565 2,331 132 93 56 14,680 61,415 5,285 10,769 51,605 (44) 67,616 1,251 977 620 536 3,384 1 918 71,921 133,337 Consolidated 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 Share of profit of entities accounted for using equity method Subsidy income Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit Non-operating income Interest and dividend income Rental income Amortization of negative goodwill Other Total non-operating income Non-operating expenses Interest expenses Rental expenses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on extinguishment of tie-in shares Subsidy income Total extraordinary income Extraordinary losses Impairment losses Loss on tax purpose reduction entry of non-current assets Loss on valuation of investment securities 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 115,545 100,102 15,442 9,876 5,565 271 150 20 2,516 323 216 3,499 411 487 117 1,016 8,048 – 6 6 5 4 – 10 8,043 1,239 376 1,615 6,428 87 6,340 103,760 86,950 16,809 10,396 6,412 2,170 7,689 145 147 20 883 624 349 295 465 132 893 18 5 23 163 5 184 352 7,359 1,759 238 1,997 5,362 185 5,176 6Consolidated statements of comprehensive income (Millions 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 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 6,428 371 597 (615) 353 6,781 6,673 108 5,362 (138) (152) 309 18 5,380 5,196 184 7Consolidated 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 5,283 10,762 40,883 (107) 56,822 2 2 Total changes during period Balance at end of period 2 5,285 (30) 10,732 70 (36) 5,913 62,736 Accumulated other comprehensive income Valuation difference on available-for-sale securities Revaluation reserve for land Foreign currency translation adjustment Remeasurements accumulated of defined other benefit plans comprehensive income Share acquisition rights Non-controlling interests Total net assets Balance at beginning of period 1,444 979 594 16 3,034 2 771 60,630 (67) 72 65 (470) 6,340 0 5,871 46,754 Total 4 (470) 6,340 0 (67) 67 55 (17) 4 (470) 6,340 0 (67) 67 55 (17) Changes during period Issuance of new shares – exercise of share acquisition rights Dividends of surplus Profit attributable to owners of parent Reversal of revaluation reserve for land Purchase of treasury shares Disposal of treasury shares Decrease (Increase) due to purchase of treasury shares from consolidated subsidiaries Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Changes during period Issuance of new shares – exercise of share acquisition rights Dividends of surplus Profit attributable to owners of parent Reversal of revaluation reserve for land Purchase of treasury shares Disposal of treasury shares Decrease (Increase) due to purchase of treasury shares from consolidated subsidiaries Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity (5) (9) (17) 8Total changes during period Balance at end of period 1,355 978 (89) (89) (0) (0) (179) (179) 415 601 601 617 331 331 3,366 (0) (0) 1 88 88 420 6,334 859 66,964 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 5,285 10,732 5,285 10,732 Total changes during period Balance at end of period – 5,285 37 10,769 Accumulated other comprehensive income Valuation difference on available-for-sale securities Revaluation reserve for land Foreign currency translation adjustment Remeasurements accumulated of defined other benefit plans comprehensive income Share acquisition rights Non-controlling interests Total net assets Balance at beginning of period 1,355 978 415 617 3,366 859 66,964 1,355 978 415 617 3,366 765 67,013 46,754 144 46,898 (471) 5,176 1 4,706 51,605 Total (36) (36) (63) 57 (2) (7) (44) 1 1 – 1 62,736 144 62,880 (471) 5,176 1 (63) 46 46 4,736 67,616 (94) 49 (471) 5,176 1 (63) 46 46 Fiscal year ended March 31, 2022 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Reversal of revaluation reserve for land Purchase of treasury shares Disposal of treasury shares Decrease (Increase) due to purchase of treasury shares from consolidated subsidiaries Net changes in items other than shareholders’ equity Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Reversal of revaluation reserve for land Purchase of treasury shares Disposal of treasury shares Decrease (Increase) due to purchase of treasury shares from consolidated subsidiaries Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (11) 48 9(104) (104) 1,251 (1) (1) 977 204 204 620 (81) (81) 536 18 18 3,384 153 153 918 171 4,907 71,921 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 8,043 2,803 5 (19) (513) (30) (137) (9) 47 12 (216) (271) 411 (2,516) 0 (30) 27 4 (255) (419) (3,108) (596) 78 (9,432) 2,303 1,264 1,008 (1,545) (92) 255 547 (1,713) (2,547) 7,359 2,893 163 (19) 2 180 66 134 36 (22) (248) (145) 295 (883) 186 (51) 19 5 (48) (752) 10,388 3,746 149 (4,834) (2,821) 1,484 3,688 20,972 (35) 48 492 (1,085) 20,391 Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Amortization of negative goodwill Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in provision for warranties for completed construction Increase (decrease) in provision for loss on construction contracts Increase (decrease) in provision for retirement benefits for directors (and other officers) Increase (decrease) in other provisions Increase (decrease) in retirement benefit liability Interest and dividend income Interest expenses Share of loss (profit) of entities accounted for using equity method Loss (gain) on valuation of investment securities Loss (gain) on sale of non-current assets Loss on retirement of non-current assets Loss on tax purpose reduction entry of non-current assets Insurance claim income Subsidy income Decrease (increase) in trade receivables Decrease (increase) in costs on construction contracts in progress Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in advances received on construction contracts in progress Increase (decrease) in accrued consumption taxes Other, net Subtotal Compensation paid for damage Proceeds from insurance income Subsidies received Income taxes paid Net cash provided by (used in) operating activities 10 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Purchase of investment securities Purchase of shares of subsidiaries and associates Loan advances Proceeds from collection of loans receivable Interest and dividends received 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 Interest paid Repayments of lease liabilities Proceeds from issuance of shares resulting from exercise of share acquisition rights 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 Increase in cash and cash equivalents resulting from merger with unconsolidated subsidiaries Cash and cash equivalents at end of period (11) 13 (3,068) 87 (444) (156) (1,230) (21) 21 511 115 (4,183) 9,349 4,850 (5,213) 742 (80) (409) (463) 4 (558) 8,220 3 1,492 9,275 – 10,767 (11) 10 (2,082) 116 (549) (5) (2) (2) 21 499 55 (1,948) (15,072) 4,730 (4,863) 940 (245) (283) (470) – (547) (15,811) 10 2,641 10,767 265 13,674 11