森六ホールディングス（4249） – [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 13, 2022 Company name: Moriroku Holdings Company, Ltd. Stock exchange listing: Tokyo Stock code: 4249 URL https://www.moriroku.co.jp/ Representative: Inquiries: President and CEO General Manager of Corporate Communications & IR Division Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Takashi Kurita June 16, 2022 June 16, 2022 June 1, 2022 Naotake Sato TEL 03(3403)6102 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 Yes (for institutional investors and analysts) (Amounts less than one million yen are rounded down)(1) Consolidated operating results Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Millions of yen 128,842 155,460 % Millions of yen 2,846 – 5,672 (9.0)% Millions of yen 2,965 5,595 (49.8)3.2 % Millions of yen 4,259 375 (47.0) (1.3) % – (89.3)Year ended March 31, 2022 Year ended March 31, 2021 Note: Comprehensive income Year ended March 31, 2022 Year ended March 31, 2021 ¥4,350 million [(8.0)%] ¥4,729 million [626.3%] Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 258.92 22.68 Yen – – % 6.1 0.6 % 2.2 4.4 % 2.2 3.6 Year ended March 31, 2022 Year ended March 31, 2021 Reference: Share of profit (loss) of entities accounted for using equity method Year ended March 31, 2022 Year ended March 31, 2021 ¥(17) million ¥(20) million regulations. Therefore, the percentage of year-on-year change is not shown. (2) Consolidated financial position Note: The Company has applied the “Accounting Standard for Revenue Recognition” and relevant ASBJ regulations from the beginning of the current fiscal year, and net sales for the fiscal year ended March 31, 2022, is the figure after applying the accounting standard and relevant ASBJ Total assets Net assets Equity ratio Net assets per share Millions of yen 137,125 132,887 Millions of yen 72,067 70,136 Yen 4,423.86 4,152.57 As of March 31, 2022 As of March 31, 2021 ¥70,690 million ¥68,813 million % 51.6 51.8 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 3,434 9,693 Millions of yen (1,140)(5,260)Millions of yen (2,824)1,633 Millions of yen 18,358 17,933 1As of March 31, 2022 As of March 31, 2021 Reference: Equity (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 2. Cash dividends Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Millions of yen Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) 828 1,529 % 220.5 36.3 31.8 % 1.2 2.2 Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) Note: Breakdown of fiscal year-end dividends for the fiscal year ending March 31, 2023 (forecast): 30.00 47.00 20.00 47.00 47.00 53.00 – – – – – – 50.00 94.00 100.00 Ordinary dividend of ¥47.00, and commemorative dividend of ¥6.00 (360th anniversary commemorative dividend) 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 Millions of yen % Millions of yen % Millions of yen % Millions of yen % 71,000 12.7 2,500 162.3 2,500 116.4 1,360 (43.8)153,000 18.7 9,000 216.2 9,000 203.5 5,000 17.4 Yen 85.53 314.47 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: 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 16,960,000 shares As of March 31, 2021 16,960,000 shares Number of treasury shares at the end of the period Average number of shares during the period As of March 31, 2022 980,719 shares As of March 31, 2021 388,628 shares Year ended March 31, 2022 16,449,433 shares Year ended March 31, 2021 16,570,460 shares No Yes No No No 2 Reference: Summary of non-consolidated financial results 1. Non-consolidated financial results for the year ended March 31, 2022 (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 Operating revenue Operating profit Ordinary profit Profit Millions of yen 2,771 2,389 % Millions of yen 1,357 1,074 16.0 (14.4)% Millions of yen 1,704 1,356 26.3 (23.7)% Millions of yen 5,022 2,362 25.7 (21.2) % 112.6 30.2 Earnings per share Diluted earnings per share Yen 305.34 142.60 Yen – – Year ended March 31, 2022 Year ended March 31, 2021 (2) Non-consolidated financial position As of March 31, 2022 As of March 31, 2021 Total assets Net assets Equity ratio Net assets per share Millions of yen 38,172 43,755 Millions of yen 30,739 31,779 % 80.5 72.6 Yen 1,923.72 1,917.75 Reference: Equity As of March 31, 2022 As of March 31, 2021 ¥30,739 million ¥31,779 million In the current fiscal year, both operating profit and ordinary profit increased due to an increase in operating revenue resulting from an increase in dividends from affiliated companies. In addition, profit also increased due to the recording of a gain on sale of cross-shareholdings as extraordinary income to improve asset efficiency and strengthen the Company’s financial structure, resulting in a difference between the actual results for the previous fiscal year and the current fiscal year. * Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation. * Proper use of forecasts of financial results, and other special matters (Caution concerning forward-looking statements) The forward-looking statements, including earnings forecasts, contained in these materials are based on information currently available to the Company and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize such statements. Actual performance and other results may differ materially due to various factors. 3 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 17,947 31,369 – – 1,059 6,104 3,184 4,115 3,592 (12) 67,360 19,417 10,265 5,637 5,132 107 3,247 43,807 1,003 18,254 256 371 1,240 594 (1) 20,715 65,527 132,887 18,373 – 1,274 32,115 1,388 7,762 4,742 5,996 5,419 (13) 77,058 19,459 10,315 5,566 5,044 99 4,133 44,619 981 11,868 257 534 1,158 662 (15) 14,465 60,066 137,125 Consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes receivable – trade Accounts receivable – trade Electronically recorded monetary claims – operating Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Tools, furniture and fixtures, net Land Leased assets, net Construction in progress Total property, plant and equipment Intangible assets Investments and other assets Investment securities Long-term loans receivable Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 4 As of March 31, 2021 As of March 31, 2022 (Millions of yen) 21,052 2,300 17,298 1,514 228 854 7,800 51,049 4,638 604 5,279 385 169 625 11,701 62,750 1,640 4,782 53,638 (237) 59,824 8,523 (90) 250 305 8,989 1,322 70,136 132,887 21,801 2,853 21,236 1,307 255 1,663 6,842 55,961 3,510 478 3,963 402 173 566 9,095 65,057 1,640 4,782 56,622 (1,350) 61,694 4,869 3,584 264 277 8,995 1,377 72,067 137,125 Liabilities Current liabilities Notes and accounts payable – trade Electronically recorded obligations – operating Short-term borrowings Current portion of long-term borrowings Lease liabilities Income taxes payable Other Total current liabilities Non-current liabilities Long-term borrowings Lease liabilities Deferred tax liabilities 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 Foreign currency translation adjustment Remeasurements of defined benefit plans Remeasurements of other postretirement benefit plans of foreign consolidated subsaidiaries Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 5Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 (Millions of yen) 155,460 136,092 19,367 4,028 2,781 182 (11) 2,178 4,534 13,694 5,672 114 379 194 689 431 20 217 97 766 5,595 473 1,108 296 1,878 6 14 0 6 2,593 2,258 4,878 2,596 2,714 (596) 2,117 478 102 375 128,842 109,541 19,300 4,774 3,832 161 21 2,128 5,536 16,454 2,846 121 420 189 732 416 17 1 176 613 2,965 66 4,864 109 5,040 13 76 – – – – 90 7,915 3,137 434 3,571 4,343 84 4,259 Net sales Cost of sales Gross profit Selling, general and administrative expenses Salaries and bonuses Freightage and warehousing expenses Retirement benefit expenses Provision of allowance for doubtful accounts Research and development expenses Other Total selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Other Total non-operating income Non-operating expenses Interest expenses Share of loss of entities accounted for using equity method Foreign exchange losses Other Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Subsidy income Total extraordinary income Extraordinary losses Loss on sale of non-current assets Loss on retirement of non-current assets Loss on sale of investment securities Loss on valuation of investment securities Impairment losses Loss due to new corona virus infection 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 6Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Remeasurements of other postretirement benefit plans of foreign consolidated subsidiaries 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 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 478 3,132 796 320 1 1 4,250 4,729 4,623 105 4,343 (3,654) 3,680 13 (27) (4) 6 4,350 4,265 85 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 1,640 4,779 54,307 (239) 60,487 3 (1,043) 375 1 (0) 1 (237) (1,043) 375 4 (0) (663) 59,824 Changes during period Dividends of surplus Profit attributable to owners of parent Restricted Stock Awards Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 1,640 3 4,782 (668) 53,638 Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of other Total Remeasurements postretirement accumulated of defined benefit plans of other benefit plans foreign comprehensive consolidated income subsidiaries Non-controlling interests Total net assets Balance at beginning of period 5,393 (887) (69) 304 4,741 1,238 66,467 Changes during period Dividends of surplus Profit attributable to owners of parent Restricted Stock Awards Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 3,129 3,129 8,523 796 796 (90) 320 320 250 1 1 305 4,247 4,247 8,989 84 84 (1,043) 375 4 (0) 4,332 3,668 1,322 70,136 8Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 1,640 4,782 53,638 (237) 59,824 (1,275) 4,259 (1,113) (1,113) (1,350) (1,275) 4,259 – (1,113) 1,869 61,694 Changes during period Dividends of surplus Profit attributable to owners of parent Restricted Stock Awards Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 1,640 – 4,782 2,983 56,622 Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of other Total Remeasurements postretirement accumulated of defined benefit plans of other benefit plans foreign comprehensive consolidated income subsidiaries Non-controlling interests Total net assets Balance at beginning of period 8,523 (90) 250 305 8,989 1,322 70,136 Changes during period Dividends of surplus Profit attributable to owners of parent Restricted Stock Awards Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (3,654) 3,674 (3,654) 4,869 3,674 3,584 (27) (27) 277 6 6 54 54 (1,275) 4,259 (1,113) – 60 1,930 8,995 1,377 72,067 13 13 264 9Consolidated statements of cash flows Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Loss (gain) on sale of non-current assets Loss on retirement of non-current assets Loss (gain) on sale of investment securities Loss (gain) on valuation of investment securities Increase (decrease) in allowance for doubtful accounts Increase (decrease) in net defined benefit asset and lability Interest and dividend income Subsidy income Interest expenses Share of loss (profit) of entities accounted for using equity method Loss due to new corona virus infection Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Other, net Subtotal Interest and dividends received Interest paid Payment due to new corona virus infection Income taxes paid Net cash provided by (used in) operating activities Cash flows from investing activities 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 Proceeds from sale of investment securities Subsidies 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 Purchase of treasury shares Dividends paid Dividends paid to non-controlling interests Repayments of lease liabilities 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 Cash and cash equivalents at end of period 10 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 2,596 7,085 2,593 (467) 14 (1,108) 6 (25) (94) (494) (296) 431 20 2,258 (827) (1,692) 1,092 1,930 13,021 483 (463) (1,541) (1,806) 9,693 13 (7,382) 532 (85) (168) 1,641 191 (2) (5,260) 4,408 1,195 (2,630) (0) (1,043) (21) (275) 1,633 213 6,279 11,653 17,933 7,915 7,916 – (52) 76 (4,864) – 15 (151) (542) (109) 416 17 – (588) (2,847) 219 (1,546) 5,875 551 (381) – (2,611) 3,434 – (7,343) 281 (62) (138) 6,125 – (2) (1,140) 2,466 219 (1,945) (2,019) (1,275) (30) (238) (2,824) 956 425 17,933 18,358