エクシオグループ（1951） – （Correction） Annual Results for the Fiscal year Ended March 31, 2022

For Immediate Release May 19, 2022 Company Name EXEO Group, Inc. Representative Tetsuya Funabashi, President & CEO （Securities code: 1951 TSE Prime Market） Contact Hideo Higuchi, Director & Managing Operating Officer and General Manager of Accounts & Finance Division （Tel. 03－5778－1105） [Correction] FY2021 Full year Supplementary Materials This is to announce a correction to the announcement made on May 13, 2022, “FY2021 Full year Supplementary Materials” as it was found to contain some information requiring correction, as follows. [Correction] P3 (4) Segment Profit * The revised “FY2021 Full year Supplementary Materials” is posted on our website(https://www.exeo.co.jp/en/ir/ir.html#ir_ir_doc). Annual Results for the Fiscal YearEnded March 31, 2022May 13, 20221. Consolidated Figures(1) OverviewFY 2020Full yearAFY 2021Full year(¥bn)FY 2022Full yearPlanBActualCYOYC/APlanaccuracyC/BPlanDYOYD/COrders received631.0 550.0 595.3 94% 108% 600.0 101% Net sales573.3 560.0 594.8 104% 106% 600.0 101% Gross profitSG&A expensesOperating profitOrdinary profitProfit attributableto owners of parent13.2%13.6%14.2%6.8%7.0%7.1%6.4%6.6%7.1%6.7%6.8%7.6%4.2%4.3%4.7%75.8 76.4 84.3 111% 110% 85.4 101% 39.2 39.4 41.9 107% 106% 46.8 112% 36.6 37.0 42.3 116% 115% 38.5 91% 38.1 37.8 45.2 118% 120% 39.4 87% 24.1 24.1 27.7 115% 115% 25.6 93% 14.2%7.8%6.4%6.6%4.3%Notes: 1. All amounts less than ¥100m are disregarded. 2. Figures in parentheses are ratio to net sales.3. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 11. Consolidated Figures(2) Orders Received, Net SalesSYSTEM-SOLUTIONSSOLUTONSIIENGNEERNGI-SOLUTONSIIENGNEERNGI-Orders RecevediNet SaeslAccess engineeringNetwork engineeringMobile engineeringSub-totalTelecomsCarriersNTT GroupengineeringNCCsSub-totalUrban infrastructureSub-totalTOTALNTT GroupengineeringNCCsTelecomsCarriersAccess engineeringNetwork engineeringMobile engineeringSub-totalSub-totalUrban infrastructureSub-totalSYSTEM-SOLUTIONSTOTAL166.421.651.0239.168.1307.3154.2461.5169.5631.0155.822.544.2222.647.0269.6147.9417.6155.6573.3FY 2020Full yearAFY 2021Full yearPlanBActualCYOYC/APlanaccuracyC/BFY 2022Full yearPlanYOYD/C(¥bn)93% 94% 72% 89% 77% 86% 120% 97% 110% 101% 90% 96% 69% 86% 102% 90% 112% 97% 111% 101% 152.722.640.3215.774.8290.5145.7436.3159.0595.3162.222.342.1226.762.5289.3150.8440.1154.6594.892% 105% 79% 90% 110% 95% 95% 95% 94% 94% 104% 99% 95% 102% 133% 107% 102% 105% 99% 104% 104% 97% 91% 101% 131% 107% 103% 106% 116% 108% 103% 96% 97% 101% 112% 103% 106% 104% 112% 106% D141.521.328.9191.757.9249.6175.2424.8175.2600.0145.321.528.9195.764.0259.7168.4428.1171.9600.0146.923.244.5214.657.3271.9141.2413.1136.9550.0156.923.343.6223.856.0279.8142.5422.3137.7560.02Notes: 1. All amounts less than ¥100m are disregarded.2. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 1. Consolidated Figures(3) Amount Carried ForwardAccess engineeringNetwork engineeringMobile engineeringSub-totalTelecomsCarriersNTT GroupengineeringNCCsSOLUTONSIIENGNEERNGI-Sub-totalUrban infrastructureSub-totalSYSTEM-SOLUTIONSTOTAL(4) Segment profitAmount Carried ForwardProfitTelecoms CarriersUrban infrastructureSYSTEM-SOLUTIONSTOTALFY 2020Full yearAFY 2021Full yearFY 2022Full yearPlanBActualCYOYC/APlanaccuracyC/BPlanDYOYD/C38.1 10.0 34.0 82.3 52.4 134.7 129.1 263.9 35.0 298.9 6.8%18.2 9.9%14.6 2.4%3.6 36.6 － － － － － － － － － － ーーーー26.4 10.1 32.1 68.8 64.7 133.5 117.0 250.5 39.3 289.9 8.3%23.9 8.5%12.8 3.6%5.5 42.3 69% 101% 94% 84% 123% 99% 91% 95% 112% 97% 131% 88% 152% 116% － － － － － － － － － － ーーーーFY 2020Full yearAFY 2021Full yearFY 2022Full yearPlanBActualCYOYC/APlanaccuracyC/BPlanDYOYD/C(¥bn)－ － － － － － － － － － (¥bn)－ － － － － － － － － － 8.4%21.9 5.8%9.8 4.0%6.8 38.5 92% 76% 121% 91% Notes: 1. All amounts less than ¥100m are disregarded. 2. Figures in parentheses are ratio to net sales.3. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 31. Consolidated Figures(5) Balance FiguresCurrent assetsFixed assetsTotal assetsLiabilitiesCurrentLong-termShareholder’s equityMinority interests andstock acquisition rightsTotal liabilities andnet assetsFY 2020Year-endFY 2021Year-endB-AAPercentageof totalBPercentageof total300.2 (61.1%)326.6 (61.0%)191.3 (38.9%)208.9 (39.0%)491.5 (100%)535.6 (100%)156.2 (31.8%)157.7 (29.5%)46.4 (9.4%)70.8 (9.4%)285.6 (58.1%)303.3 (56.6%)3.2 (0.7%)3.6 (0.7%)491.5 (100%)535.6 (100%)(¥bn)26.4 17.6 44.0 1.5 24.3 25.8 17.7 0.4 44.0 Total liabilities202.6 (41.2%)228.5 (42.7%)Note: All amounts less than ¥100m are disregarded.41. Consolidated Figures(6) Cash Flows Net cash provided by (used in)operating activitiesNet cash provided by (used in)investing activitiesNet cash provided by (used in)financial activitiesFree cash flow (Note 2)Net increase (decrease) in cash andcash equivalents ,etcCash and cash equivalentsat end of period(7) Interest-bearing DebtShort-termLong-termTotalFY 2018FY 2019FY 2020FY 202112.7-17.6-4.9-4.821.041.413.2 4.7 18.0 17.2-17.04.20.20.146.07.5 39.6 47.1 6.3-9.2-1.7-2.9-0.041.229.9 27.5 57.5 (¥bn)26.4-20.35.06.01.453.7(¥bn)31.3 49.2 80.6 Notes: 1. All amounts less than ¥100m are disregarded.2. Free cash flow = Net cash provided by (used in) operating activities + Net cash provided by (used in) investing activitiesFY 2018FY 2019FY 2020FY 2021Notes: 1. All amounts less than ¥100m are disregarded.2. Including Lease Liabilities.51. Consolidated Figures(8) Capital ExpendituresTangible fixed assetsIntangible fixed assetsTotalNote: All amounts less than ¥100m are disregarded.(9) Depreciation and AmortizationFY 2018FY 2019FY 2020FY 20212.8 1.1 3.9 14.0 1.8 15.8 10.8 1.4 12.2 (¥bn)18.4 2.3 20.8 (¥bn)FY 2018FY 2019FY 2020FY 2021Depreciation and amortization4.7 6.4 6.7 7.4 Note: All amounts less than ¥100m are disregarded.62. Non-consolidated Figures(1) OverviewFY 2020Full yearFY 2021Full yearActualYOYPlanaccuracyPlanBACC/AC/B(¥bn)FY 2022Full yearPlanDYOYD/COrders received332.3 290.0 317.7 96% 110% 290.0 91% Net sales298.2 300.0 311.0 104% 104% 300.0 96% Gross profitSG&A expensesOperating profitOrdinary profitProfit10.7%10.4%11.4%5.3%5.3%5.4%5.4%5.1%6.0%6.0%7.4%8.9%8.2%5.7%6.6%32.0 31.3 35.4 111% 113% 32.1 90% 15.7 16.0 16.7 106% 105% 16.3 97% 16.2 15.3 18.7 115% 123% 15.8 84% 17.9 22.1 27.6 154% 125% 17.6 64% 10.7%5.4%5.3%5.9%8.7%24.5 17.0 20.5 84% 121% 25.9 126% Notes: 1. All amounts less than ¥100m are disregarded. 2. Figures in parentheses are ratio to net sales.3. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 72. Non-consolidated Figures(2) Orders Received, Net Sales and Amount Carried Forward(¥bn)FY 2020Full YearFY 2021Full YearPlanActualYOYPlanaccuracyABCC/AC/BFY 2022Full YearPlanDYOYD/C NTT Group engineeringENGINEERING-SOLUTIONS NCCs Urban infrastructureSub-total SYSTEM-SOLUTIONSTOTAL NTT Group engineeringENGINEERING-SOLUTIONS NCCs Urban infrastructureSub-total SYSTEM-SOLUTIONSTOTAL NTT Group engineeringENGINEERING-SOLUTIONS NCCs Urban infrastructureSub-total SYSTEM-SOLUTIONSTOTALOrders RecevediNet SaeslAmount Carried Forward139.842.4102.4284.747.5332.3130.628.2101.1260.038.2298.258.630.497.6186.716.5203.3126.635.691.2253.436.6290.0131.735.392.8259.840.2300.0－ － － － － － 91% 125% 96% 98% 84% 96% 101% 140% 98% 104% 107% 104% 92% 144% 99% 104% 93% 103% 100% 149% 107% 110% 109% 110% 100% 112% 107% 104% 102% 104% － － － － － － 106.638.3106.8251.738.3290.0112.646.6102.0261.238.8300.0－ － － － － － 84% 72% 109% 91% 96% 91% 86% 118% 103% 97% 95% 96% － － － － － － 127.053.097.8277.939.8317.7131.439.598.9270.041.0311.054.243.996.5194.615.4210.08Notes: 1. All amounts less than ¥100m are disregarded.2. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 3. Business Overview of Main SubsidiariesOverview – ①‣ Transactions with other groups in the consolidated group are not offset. EXEO TECH GroupDaiwa Densetsu GroupFY 2020Full yearAFY 2021Full yearBYOYB/AFY 2020Full yearCFY 2021Full yearDYOYD/C(¥bn)Orders received34.9 30.4 87%22.0 19.4 88%Net sales31.2 35.1 112%19.0 21.8 115%Gross profitSG&A expensesOperating profitOrdinary profitProfit9.2%11.5%12.0%13.1%2.86 4.04 141%2.30 2.85 124%4.6%5.1%5.7%5.7%1.43 1.80 125%1.08 1.24 115%4.6%6.4%6.4%7.4%1.42 2.24 157%1.21 1.60 133%5.0%6.7%6.5%7.4%1.56 2.36 151%1.23 1.62 131%3.3%4.6%4.5%5.0%1.04 1.60 153%0.85 1.09 128%Notes: 1. Figures below 100 million yen (or below 10 million yen in some cases) are disregarded.2. Figures in parentheses are ratio to net sales.3. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21.93. Business Overview of Main SubsidiariesOverview – ②‣ Transactions with other groups in the consolidated group are not offset. C-CUBEGroupSeibu Electric IndustryGroupNIPPON DENTSUGroupTOTALFY 2020FY 2021FY 2020FY 2021FY 2020FY 2021FY 2020FY 2021Full YearFull YearFull YearFull YearFull YearFull YearFull YearFull YearAB(¥bn)YOYB/AOrders received96.1 80.6 64.6 54.9 49.2 45.4 210.1 181.0 86%Net sales88.4 79.2 59.3 60.8 49.9 45.1 197.7 185.1 94%Gross profitSG&A expensesOperating profitOrdinary profitProfit12.1%14.3%9.7%10.0%12.8%12.7%11.6%12.5%10.71 11.31 5.77 6.08 6.39 5.71 22.88 23.12 101%5.8%6.6%4.4%4.2%7.1%7.8%5.7%6.1%5.08 5.23 2.60 2.55 3.56 3.50 11.25 11.29 100%6.4%7.7%5.3%5.8%5.7%4.9%5.9%6.4%5.63 6.08 3.17 3.53 2.83 2.21 11.63 11.83 102%6.8%8.2%5.8%6.3%5.9%5.2%6.3%6.8%6.05 6.47 3.46 3.85 2.92 2.32 12.44 12.66 102%4.4%6.0%4.7%4.6%3.9%4.2%4.3%5.1%3.85 4.72 2.78 2.81 1.92 1.88 8.56 9.42 110%Notes: 1. Figures below 100 million yen (or below 10 million yen in some cases) are disregarded.2. Figures in parentheses are ratio to net sales.3. The “Accounting Standard for Revenue Recognition” has been applied since fiscal 21. 10Disclaimer Regarding Forward-Looking StatementsForward-looking statements in this document are based on information available to our company as of the date of publication. Actual results may differ materially from these forecasts due to various factors.3-29-20 Shibuya, Shibuya-ku,Tokyo 150-0002 JAPANTEL: (81)3-5778-1073FAX: (81)3-5778-1228