Balance Sheets
As of March 31, 2021 and 2022
Thousands of U.S. dollars※2022

Millions of yen
2021

2022

[Assets]
Current assets
Cash and deposits
Accounts receivable
Consumption taxes receivable
Land and buildings for sale
Prepaid expenses
Short-term loans receivable
Other
Allowance for doubtful accounts
Non-current assets
Property, plant and equipment
Buildings
Structures
VehiclesTools, furniture and fixtures
Land
Construction in progress
Intangible assets
Leasehold right
Other
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Investments in other securities ofsubsidiaries and associates
Guarantee deposits
Other
Allowance for doubtful accounts

Total assets¥172,600
2,065
2,399
336
157,404
257
8,350
1,786
0

¥190,092
1,966
8,594
391
166,329295
10,3632,157(6)$1,553,166
16,06370,2183,195
1,359,008
2,410
84,672
17,624(49)

329,560
172,315
52,098359
5359,716
195,852
61,640514
22,939,096
1,600,229
503,636
4,200
16

269

353

2,884

115,462
4,120
910
465
445
156,334
77,361
46,134

126,315
7,026
923
465
458
162,941
78,96049,495

1,032,070
57,407
7,541
3,799
3,742
1,331,326
645,151
404,404

27,35427,336

223,352

2,320
3,200
(27)

2,430
4,744
(26)

19,85538,761(212)

502,161

549,809

4,492,271※The U.S. dollar amounts have been translated, for convenience only, at 122.39 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2022.

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Balance Sheets
As of March 31, 2021 and 2022
Thousands of U.S. dollars※
2022

Millions of yen
2021

2022

[Liabilities]¥142,234
111,100
20,40228105,230
5,123
91
4
212,080
170,900
20,235
18,3781,880
686¥192,224
165,900
15,703
657
0
7,385
2,475
102

$1,570,586
1,355,503
128,3035,368
060,34020,222
833

205,424
162,500
20,571
18,841
1,966
1,544

1,678,438
1,327,723
168,077
153,942
16,063
12,615354,314397,649

3,249,032

102,128
12,426
12,242
12,24277,4591,437
76,021

104,863
12,426
12,242
12,24280,194
1,437
78,756

856,794
101,528
100,025
100,025655,233
11,741
643,484

508

496

4,053

88
75,4258878,172

719
638,712Valuation and translation adjustments

45,71847,297

386,445

Valuation difference on available-for-salesecurities

45,71847,297

386,445

147,846
502,161

152,160
549,809

1,243,239
4,492,271

Current liabilities
Short-term loans payable
Accounts payable
Income taxes payable
Accrued consumption taxes
Advances received
Deposits received
Provision for bonuses
Other
Non-current liabilities
Long-term loans payable
Guarantee deposits received
Deferred tax liabilities
Provision for retirement benefits
Other
Total liabilities[Net assets]Shareholders’ equity
Capital stock
Capital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation ofnon-current assets
General reserve
Retained earnings brought forward

Total net assets
Total liabilities and net assets※The U.S. dollar amounts have been translated, for convenience only, at 122.39 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2022.

-2-Statements of IncomeYears ended March 31, 2021 and 2022
Thousands of U.S. dollars※2022

Millions of yen2021
Operating revenue
Land and building rental revenue
Land and building sales revenue
Operating cost
Operating gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and dividend income
Miscellaneous income
Non-operating expenses
Interest expenses
Miscellaneous loss
Ordinary profit
Extraordinary income
Other
Extraordinary losses
OtherProfit before income taxes
Income taxes - current
Income taxes - deferred
Profit2022¥86,910
22,76564,14465,79921,111
11,08810,022
1,522
1,450
72
2,101
1,910
190
9,444
77385
385
9,065
2,283(3)6,786¥122,305
23,60898,69697,891
24,413
12,042
12,370
1,299
1,022
276
2,144
2,007
136
11,525
76
76
238
238
11,363
3,431
(232)
8,164

$999,305.50
192,892
806,406
799,828
199,469
98,390101,070
10,6148,350
2,255
17,51816,398
1,111
94,166
621
621
1,945
1,945
92,84328,033(1,896)
66,705※The U.S. dollar amounts have been translated, for convenience only, at 122.39 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2022.

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Statements of Changes in Net Assets
Years ended March 31, 2021 and 2022
(Unit: Millions of yen)
Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance as of March 31,2020

Capital reserve¥12,426¥12,242

Total capitalsurplus

Earnings
reserve¥12,242

Reserve foradvanceddepreciation ofnon-current
assets¥1,437¥520

Total retainedearnings¥76,192¥78,239¥102,908(7,565)
6,786(7,565)
6,786(7,565)
6,786

Retainedearnings
brought
forwardGeneralreserve¥88

Valuation
Total valuation Total net assets
difference onand translation
available-foradjustments
sale securities

Total
shareholders’equity¥32,588¥32,588¥135,497

Changes of items duringperiod
Dividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets

(12)

12

Net changes of items
other thanshareholders' equity

Total changes of items
during period
Balance as of March 31,
2021

(12)
12,426

12,242

12,242

1,437(7,565)
6,786

508

88

13,12913,12913,129

(767)

(779)

(779)

13,12913,12912,34975,42577,459102,128

45,71845,718147,846(5,429)8,164(5,429)8,164(5,429)8,164

Changes of items during
periodDividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets

(12)

12

Net changes of items
other thanshareholders' equity
Total changes of items
during period
Balance as of March 31,2022(12)
12,426

12,242

12,242

1,437(5,429)
8,164

496

88

1,578

1,578

1,578

2,747

2,734

2,734

1,578

1,578

4,313

78,17280,194

104,863

47,29747,297

152,160(Unit: Thousands of U.S. dollars※)Valuation and translation
adjustments

Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance as of March 31,2021

Capital reserve$101,528$100,025

Total capitalsurplus

Earnings
reserve$100,025

Reserve foradvanceddepreciation ofnon-current
assets$11,741$4,151

Total retained
earnings$616,268$632,887$834,447(44,358)
66,705(44,358)
66,705(44,358)
66,705-(44,358)
66,70598------

12,893

12,893

12,893Retainedearnings
brought
forwardGeneralreserve$719

ValuationTotal valuation Total net assets
difference onand translation
available-foradjustments
sale securities

Total
shareholders’equity$373,544$373,544 $1,207,991

Changes of items during
period-Dividend of surplus
ProfitReversal of reserve foradvance depreciationof non-current assets-

Net changes of items
other thanshareholders' equity-

Total changes of items
during period
Balance as of March 31,2022

(12)

-

-

--

(98)

-

22,44522,33822,33812,893

12,89335,240101,528

100,025

100,025

11,741

4,053

719

638,712655,233

856,794

386,445

386,445

1,243,239※The U.S. dollar amounts have been translated, for convenience only, at 122.39 yen=US$1, the prevailing exchange rate on the Tokyo Foreign Exchange Market as of March 31, 2022.

These financial statements in English are based on information in the company’s accounts for the 73nd term audited by KPMG AZSA LLC. This
information is presented in a manner consistent with the data published in the announcement of financial results. However, these financial
statements in English have not been audited by KPMG AZSA LLC.

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