ＴＲＥホールディングス（9247） – 〔delayed〕Summary of Consolidated Financial Results for the Year Ended March 31, 2022

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 16, 2022 Company name: Stock exchange listing: Tokyo Stock code: Representative: 9247 President TRE HOLDINGS CORPORATION URL https://tre-hd.co.jp/ Inquiries: Executive Officer Head of Corporate Planning Division 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: Abe Mitsuo June 28, 2022 June 28, 2022 June 29, 2022 Yes Yes Uekawa Takeshi TEL 03-6327-2620 1. Consolidated financial results for the year ended March 31, 2022 (fromApril 1, 2021 to March 31, 2022)(1) Consolidated operating resultsNet sales Operating profit Ordinary profit Percentages indicate year-on-year changes Profit attributable to owners of parent Year ended March 31, 2022 Year ended March 31, 2021 Millions of yen 68,234 – % Millions of yen 7,659 – – – % Millions of yen 7,547 – – – % Millions of yen 4,742 – – – % – – ((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 Yen 110.79 – Yen – – % 9.9 – % 6.9 – Total assets Net assets Equity ratio Net assets per share Millions of yen 129,524 – Millions of yen 64,173 – % 48.3 – 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 11,017 – Millions of yen (2,149) – Millions of yen (3,700) – Millions of yen 24,014 – % 11.2 – Yen 1,218.70 – 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 – – – – – 20.00 Yen – 25.00 20.00 – – – – 1,292 – 25.00 40.00 % – 22.6 34.8 % – 2.1 Year ended March 31, 2022 Year ended March 31, 2021 (2) Consolidated financial positionAs of March 31, 2022 As of March 31, 2021 (3) Consolidated cash flowsYear ended March 31, 2022 Year ended March 31, 2021 2. Cash dividendsYear ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 1 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen 45,400 – 3,800 – 3,800 – 2,400 94,200 38.1 9,300 21.4 9,300 23.2 5,900 24.4 Percentages indicate year-on-year changes Profit attributable to owners of parent Earnings per share % – Yen 46.73 114.87 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: No Yes No No No 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) As of March 31, 2022 52,610,712 shares As of March 31, 2021 Number of treasury shares at the end of the period As of March 31, 2022 1,248,681 shares As of March 31, 2021 Average number of shares during the period Year ended March 31, 2022 42,804,080 shares Year ended March 31, 2021 – shares – shares – shares 2 24,485 9,270 2,717 898 758 (15) 38,114 19,586 15,265 3,746 30,768 8,264 1,354 78,987 6,417 546 6,963 452 1,243 119 672 1,947 (139) 4,296 90,246 1,163 1,163 129,524 Consolidated financial statements Consolidated balance sheets (Millions of yen) As of March 31, 2022 Assets Current assets Cash and deposits Notes and accounts receivable – trade, and contract assets Inventories Accounts receivable – other Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Landfills Land Construction in progress Other, net Total property, plant and equipment Intangible assets Goodwill Other Total intangible assets Investments and other assets Investment securities Shares of subsidiaries and associates Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Deferred assets Business commencement expenses Total deferred assets Total assets 3 (Millions of yen) As of March 31, 2022 3,467 6,458 596 5,114 2,436 2,180 740 31 463 2,943 24,431 10,929 24,226 2,529 170 125 448 1,517 973 40,919 65,351 10,000 34,080 20,277 (1,697) 62,661 23 4 (19) (75) (66) 1,578 64,173 129,524 Liabilities Current liabilities Accounts payable – trade Short-term borrowings Current portion of bonds payable Current portion of long-term borrowings Accounts payable – other Income taxes payable Provision for bonuses Provision for bonuses for directors Provision for repairs Other Total current liabilities Non-current liabilities Bonds payable Long-term borrowings Deferred tax liabilities Provision for share awards for directors Provision for repairs Retirement benefit liability Asset retirement obligations 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 Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 4 Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2022 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Other Total non-operating income Non-operating expenses Interest expenses Interest on bonds Share of profit of entities accounted for using equity method Rental income Bond issuance costs Amortization of business commencement expenses Organization expenses Rental expenses on non-current assets Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on reversal of loss related to mechanical parking garage 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 68,234 52,285 15,948 8,288 7,659 1 7 147 146 169 472 208 34 36 99 70 31 104 584 7,547 106 8 115 7,662 2,888 (128) 2,760 4,902 159 4,742 5 Consolidated statements of comprehensive income (Millions of yen) Fiscal year ended March 31, 2022 Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges 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 4,902 (8) 4 (45) (19) (68) 4,833 4,673 159 6 Consolidated statements of changes in equity Fiscal year ended March 31, 2022 (Millions of yen) Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Shareholders’ equity 9,049 16,371 Balance at beginning of period Changes during period Changes by share transfers Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity 8,489 1,510 24,977 54 Total changes during period Balance at end of period 1,510 10,000 25,031 34,080 3,905 20,277 Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 32 – – (30) 1,448 34,505 (836) 4,742 (45) (45) (75) (856) (825) (15) (841) (1,697) 2 – – – – – (68) (68) (66) 129 129 1,578 33,054 25,662 (836) 4,742 (15) 54 – 29,606 62,661 25,662 (836) 4,742 (15) 54 61 29,667 64,173 Changes during period Changes by share transfers Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Change in ownership interest of parent due to transactions with non-controlling interests Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (8) (8) 23 4 4 4 (19) (19) (19) 7 Consolidated 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 repairs Increase (decrease) in provision for share awards for directors Increase (decrease) in retirement benefit liability Interest and dividend income Interest expenses Interest expenses on bonds Bond issuance costs Share of loss (profit) of entities accounted for using equity method Rental income Loss (gain) on sale of non-current assets Decrease (increase) in notes and accounts receivable – trade and contract assets Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in accrued consumption taxes Other, net Subtotal Interest and dividends received Interest paid Income taxes paid Net cash provided by (used in) operating activities Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of investment securities Subsidy income Purchase of non-current assets Proceeds from sale of non-current assets Payments for retirement of non-current assets Proceeds from rent of non current assets Other, net Net cash provided by (used in) investing activities (Millions of yen) Fiscal year ended March 31, 2022 7,662 5,016 476 (6) 277 42 (8) (8) 208 34 36 (147) (146) (106) (369) 273 (154) 647 164 13,891 37 (254) (2,657) 11,017 (8) 452 (102) 1,459 (4,395) 419 (28) 146 (92) (2,149) 8 (Millions of yen) Fiscal year ended March 31, 2022 Cash flows from financing activities Increase (decrease) in short-term borrowings Proceeds from issuance of bonds Redemption of bonds Proceeds from long-term borrowings Repayments of long-term borrowings Repayments of lease liabilities Purchase of treasury shares Dividends paid Dividends paid to non-controlling interests Proceeds from share issuance to non-controlling shareholders Other, net Net cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Increase in cash and cash equivalents resulting from share transfer Cash and cash equivalents at end of period (3,866) 6,963 (596) 38 (5,208) (131) (15) (839) (28) 73 (89) (3,700) 5,167 10,282 8,564 24,014 9