December 9, 2022
(For Translation Purposes Only)
Company Name:

Makuake, Inc.

Representative:

President andRyotaro Nakayama

Representative
Director
Tokyo Stock Exchange code: 4479
Contact:

Executive Officer andYuki Tamura

General Manager ofBusiness Management
Division
TEL. 03-6328-4038(Correction) Notice of Partial Corrections Made to Non-Consolidated Financial Results(under Japanese GAAP) for Fiscal Year 2022 (ended September 30, 2022)
Please be advised that there were partial corrections made to Makuake, Inc.’s non-consolidated financial results (underJapanese GAAP) for the fiscal year ended September 30, 2022 (results released on October 25, 2022 at 15:00 JST), as
detailed below.

Given that the corrections involved numerical data, Makuake, Inc. (“Makuake” or “we”) is providing

the corrected numerical information with this notice.
Further, please note that the corrected financial statements, in their entirety, are available on our website.

1.

Reason for Corrections

After the announcement of non-consolidated financial results (under Japanese GAAP) for the fiscal year ended
September 30, 2022, we determined that there were several errors in the content and, accordingly, corrected them.
Please note that the corrected items are underlined.

2.

Details of Corrections (corrected items are underlined)(Summary information)
1.

Performance for the fiscal year ended September 30, 2022 (from October 1, 2021 to September 30, 2022)(3) Cash flows

1

(Before correction)
Cash flows fromoperating activities
Fiscal year ended
September 30, 2022
September 30, 2021

Cash flows frominvesting activities

Millions of yen
(814)
151

Millions of yen(488)(586)

Cash and cash
equivalents at end of
periodMillions of yen
Millions of yen
33
7,321
3,915
8,591

Cash flows fromfinancing activities(After correction)
Cash flows fromoperating activities
Fiscal year ended
September 30, 2022
September 30, 2021

Cash flows frominvesting activities

Millions of yen
(827)
151

Millions of yen
(475)
(586)

Cash and cash
equivalents at end of
periodMillions of yen
Millions of yen
33
7,321
3,915
8,591

Cash flows fromfinancing activities(Attached materials)
1.

Overview of operating results and others(3) Overview of cash flows for the fiscal year

(Before correction)(Cash flows from operating activities)
Net cash used in operating activities was ¥814,559 thousand (¥151,414 thousand was provided in the previous fiscalyear). This was primarily due to loss before income taxes of ¥1,264,138 thousand, a decrease in deposits received of¥514,069 thousand, a decrease in accounts payable - other of ¥203,236 thousand, and impairment losses of¥1,009,307 thousand.

(Cash flows from investing activities)
Net cash used in investing activities was ¥488,554 thousand (¥586,413 thousand was used in the previous fiscal year).
This was primarily due to purchase of intangible assets of ¥501,435 thousand.
(After correction)(Cash flows from operating activities)
Net cash used in operating activities was ¥827,321 thousand (¥151,414 thousand was provided in the previous fiscalyear). This was primarily due to loss before income taxes of ¥1,264,138 thousand, a decrease in deposits received of¥514,069 thousand, a decrease in accounts payable - other of ¥222,312 thousand, and impairment losses of¥1,009,307 thousand.

(Cash flows from investing activities)
Net cash used in investing activities was ¥475,792 thousand (¥586,413 thousand was used in the previous fiscal year).
This was primarily due to purchase of intangible assets of ¥488,544 thousand.

2

3.

Financial statements and significant notes thereto(4) Statement of cash flows(Before correction)(Thousands of yen)
Fiscal year ended
September 30, 2021
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement benefits
Increase (decrease) provision for continuous servicesbenefits
Amortization of share issuance costs
Interest and dividend income
Decrease (increase) in trade receivables
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Increase (decrease) in advances received
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in deposits received
Increase (decrease) in accrued consumption taxes
Other, net
SubtotalInterest and dividends received
Income taxes refund
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Payments for investments in capital
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from issuance of shares
Purchase of treasury shares
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting frommergerCash and cash equivalents at end of period
3

Fiscal year ended
September 30, 2022

326,089
99,305
2,666
285
337

(1,264,138)
157,240
1,009,307
4,000
1,321

14,18018,1699,549(21,011)(216,487)(16,531)306,858(49,972)(89,106)
366,163148(214,897)
151,414

11,510(20)
212,002(97,500)
49,768775(203,236)
14,524(514,069)(57,660)(59,837)(717,842)
238(96,758)(814,559)(7,114)(306,265)(148,731)(124,301)(21,516)(501,435)(80,020)
112,500(2,660)-4,907(586,413)(330)(488,554)

3,915,475(384)
3,915,091
3,480,092
5,109,351

33,784(125)
33,658(1,269,455)
8,591,254

1,810

-

8,591,254

7,321,798

(After correction)(Thousands of yen)
Fiscal year ended
September 30, 2021
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for retirement
benefits
Increase (decrease) provision for continuous services
benefits
Amortization of share issuance costs
Interest and dividend income
Decrease (increase) in trade receivables
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Increase (decrease) in advances received
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued expenses
Increase (decrease) in deposits received
Increase (decrease) in accrued or uncollectedconsumption taxes
Other, net
SubtotalInterest and dividends received
Income taxes refund
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Payments for investments in capital
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from issuance of shares
Purchase of treasury shares
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 frommergerCash and cash equivalents at end of period###4

Fiscal year ended
September 30, 2022

326,089
99,305
2,666
285(1,264,138)
157,240
1,009,307
4,000-337

1,321

14,18018,1699,549(0)(21,011)(216,487)(16,531)306,858

11,510(20)
212,002(97,500)
49,768775(222,312)
19,738(514,069)(49,972)(57,660)(89,106)
366,1630148(214,897)
151,414(58,754)(730,621)
19
38(96,758)(827,321)(7,114)(306,265)(148,731)(124,301)(20,546)(488,544)(80,020)
112,500(4,729)-5,877(586,413)(330)(475,792)

3,915,475(384)
3,915,091
3,480,092
5,109,351

33,784(125)
33,658(1,269,455)
8,591,254

1,810

-

8,591,254

7,321,798