Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

August 12, 2022

Summary of Consolidated Financial Results
for the Third Quarter Ended September 30, 2022
(Based on Japanese GAAP)
Company name:Open House Group Co., Ltd.

Listing:

Tokyo Stock Exchange

Securities code:

3288

URL:

https://openhouse-group.co.jp/ir

Representative:

Masaaki Arai, President and CEO

Inquiries:

Kotaro Wakatabi, Senior Managing Director and CFO

Scheduled date to file quarterly securities report:

August 12, 2022

Scheduled starting date of dividend payments:-Supplementary material on quarterly financial results: Yes
Quarterly financial results briefing:

No(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended September 30, 2022
(October 1, 2021 to June 30, 2022)(1) Consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Nine months endedMillions ofyen

June 30, 2022

667,133

14.3

83,96915.3

87,01623.0

56,22910.3

June 30, 2021

583,758

52.2

72,842

89.5

70,72032.8

51,001

21.7% Millions of yen% Millions of yen

Note: Comprehensive income For the nine months ended June 30, 2022:
For the nine months ended June 30, 2021:
Basic earnings
per share
Nine months ended% Millions of yen¥ 68,971 million¥ 54,193 million%[27.3%][29.6%]

Diluted earnings
per share

Yen

Yen

June 30, 2022

447.66446.62June 30, 2021

405.04403.48(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

June 30, 2022

965,462

376,068

33.1

September 30, 2021

879,913347,143

33.4

Reference:

Equity As of June 30, 2022:
As of September 30, 2021:¥ 319,675 million¥ 293,809 million| 1

Open House Group Co., Ltd. (3288)

2.

Cash dividends
Annual dividends per share
1Q-end2Q-endYen

3Q-endYen

FY 2021－50.00FY 2022－62.00FY 2022 (Forecast)Year-end
Yen

TotalYen

Yen－62.00

112.00－62.00

124.00Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated operating results for FY2022 (October 1, 2021 to September 30, 2022)

Revenue
Millions of yen

Full year

935,000

Operating income% Millions of yen

15.4

116,000(% indicate year-on-year changes)
Basic
Profit attributable toearnings
owners of parent
per share

Ordinary income%

Millions of yen%

Millions of yen%

Yen

14.7

115,000

17.8

75,7008.8

602.67

Note: Revision to the forecast of consolidated results most recently announced: None| 2Open House Group Co., Ltd. (3288)

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scopeof consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates, and restatement(i)

Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii)

Changes in accounting policies due to other reasons: None(iii)

Changes in accounting estimates: None(iv)Restatement: None

(4) Number of issued shares (common shares)
(i)

(ii)

Number of issued shares at the end of the period (including treasury shares)
As of June 30, 2022

126,284,700 shares

As of September 30, 2021

126,117,000 shares

Number of treasury shares at the end of the period
As of June 30, 2022
As of September 30, 2021

(iii)

4,687,285 shares
3,441 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Nine months ended March 31, 2022

125,607,915 shares

Nine months ended March 31, 2021

125,917,025 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or anaudit corporation.
* Proper use of earnings forecasts, and other special matters
Consolidated business forecasts are based on assumptions from information available to management at the time ofdisclosure and those deemed to be reasonable. Actual results may differ significantly from forecast due to various
unpredictable reasons.

| 3Open House Group Co., Ltd. (3288)

Consolidated Quarterly Financial Statements
1) Consolidated Quarterly Balance Sheets(Millions of yen)
End of FY2021(as of September 30, 2021)
AssetsCurrent assets
Cash and deposits
Trade accounts receivable and Contract assets
Real estate for sale
Real estate for sale in process
Operating loans
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable – trade
Trade accounts payable
Electronically recorded obligations - operating
Short-term borrowingsCurrent portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provision for share awards
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 incomeValuationdifferenceonavailable-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

End of FY 2022 3Q(as of June 30, 2022)

337,731
1,929
90,402
337,726
36,87826,421(362)
830,727

309,802
1,606
90,691
457,614
37,14818,984(381)
915,467

21,297
3,031
24,85649,185879,913

22,2903,001
24,702
49,994965,462

1,166
20,8504,713
104,684242
57,142
18,2394,695
44,503
256,237

1,283
29,0797,746
134,572242
46,6499,835
3,454
48,974
281,838

10,605
264,502
257
311
150
705
276,532
532,769

10,484296,220338
209
302
307,555
589,393

19,93929,068244,248(0)
293,256

20,07029,350285,145(23,763)
310,802

12

14

540
552
551
52,782
347,143879,913

8,858
8,872
426
55,967
376,068
965,462| 4Open House Group Co., Ltd. (3288)

2)

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive
IncomeConsolidated Quarterly Statements of IncomeNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from buildings
Foreign exchange gains
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Loss on valuation of investment securities
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on step acquisitions
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent(Millions of yen)
Nine months ended
Nine months ended
June 30, 2021
June 30, 2022
(from October 1, 2020 to June (from October 1, 2021 to June30, 2021)
30, 2022)
583,758
667,133
472,153
534,715
111,605
132,418
38,76348,44872,842
83,969
12
13
113
-

84
1,748
120
3,427

1,435

407

690
2,266

500
6,288

2,248
724
917
496
4,387
70,720

2,626
370
245
3,242
87,016

15,475
15,475-11,095
11,09575,10022,31552,785
1,783
51,001

119
119
86,896
26,25460,641
4,412
56,229| 5Open House Group Co., Ltd. (3288)

Consolidated Quarterly Statements of Comprehensive Income

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests(Millions of yen)
Nine months ended
Nine months ended
June 30, 2021
June 30, 2022
(from October 1, 2020 to June (from October 1, 2021 to June30, 2021)
30, 2022)
52,78560,641
3
1,400

3
8,314

3

13

1,407
54,1938,330
68,971

52,41264,570

1,780

4,401

| 6

Open House Group Co., Ltd. (3288)

3)

Notes to Consolidated Quarterly Financial Statements(Notes on Going Concern Assumptions)Not applicable(Notes on significant changes in the amount of shareholders’ equity)
The Company acquired its treasury share in accordance with the resolution approved at the Board of Directors
meeting held on May 13, 2022. As a result, the treasury shares increased ¥ 23,763 million during the period.
(Changes in significant subsidiaries during the period)
Not applicable(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)
Tax expenses were calculated by multiplying income before income taxes by an effective tax rate that was reasonably
estimated by applying tax effect accounting to estimated profit before income taxes for the fiscal year ended
September 2022 including the first quarter. However, in case where calculation tax expenses using the estimatedeffective tax rate would result in a significant lack of rationally, Tax expenses were calculated by taking into accountsignificant additions and subtractions and tax deduction items.

| 7Open House Group Co., Ltd. (3288)

(Segment and Other Information)【Segment Information】
I.
Nine months ended June 30, 2021 (October 1, 2020 to June 30, 2021)
1.

Information on revenue, income or loss, and other items by reportable segment（Millions of yen）
Reportable Segment
Single-family
Condominiumshomes related

Revenue
Revenue from outside
customers
Intersegment revenueand transfers

Property
resaleOthers

PRESSANCECORPORATION

Total

Amount Recorded in
Adjustment consolidated quarterly(Note1)statements of Income(Note2)

350,547

13,02985,312

31,364

103,505

583,758－

583,758

－

471

41

222

0736

(736)

－

Total

350,547

13,50085,354

31,586

103,506

584,495(736)

583,758

Segment Income (loss)

49,745

286

9,431

3,655

10,85773,975(1,133)

72,842(NOTE)
1. Adjustment of ¥ (1,133) million for segment income (loss) includes intersegment elimination of ¥ 148
million and corporate expenses of ¥ (1,282) million that is not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment income (loss) has been adjusted to operating income described in consolidated quarterly
statements of income.
2.

Information on impairment loss of non-current assets, goodwill and other information in reportable segment(Material profit from negative goodwill)
The Company has recognized the gain on negative goodwill for reportable segment of "PressanceCorporation" through acquisition of Pressance Corporation and making it as a consolidated subsidiary.
The recorded amount of profit on negative goodwill by the said event was ¥15,475 million and not included
in segment profits as it was reported in extraordinary profits.
.

| 8Open House Group Co., Ltd. (3288)

II.

Nine months ended June 30, 2022 (October 1, 2021 to June 30, 2022)
1. Information on revenue, income or loss, and other items by reportable segment（Millions of yen）
Adjustment(Note1)

AmountRecorded inconsolidated
quarterlystatements ofIncome (Note2)

Reportable Segment
Single-family
Condominiums
homes related
Revenue
Revenue fromcontracts withcustomers
Other revenue
Revenue
Revenue from outside
customers
Intersegment revenue
and transfers
Total
Segment Income (Loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

371,794

24,85888,28251,607

96,813

633,3564

633,360

4,764－

18,120

2,584

8,303

33,773－

33,773

376,558

24,858106,40354,192

105,116

667,1294

667,133

－

－

1,368

112－

1,480

(1,480)－376,558
48,58824,858
1,932

107,772
12,85554,304
7,159

105,116
14,766

668,61085,302(1,476)(1,332)

667,133
83,969(NOTE)
1. Adjustment of ¥ (1,332) million for segment income (loss) includes intersegment elimination of ¥ (688)
million and corporate expenses of ¥ (648) million that is not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment income (loss) has been adjusted to operating income described in consolidated quarterly
statements of income.
2.

Notes relating to changes in reportable segments etc.
The breakdown of Revenue from Contracts with Customers for the second quarter of the previous fiscal
year is not indicated in accordance with transitional measures specified in “Accounting Standard for
Quarterly Financial Reporting” (ASBJ Statement No.12, March 31, 2020) Paragraph 28-15.

3.

Notes relating to changes in calculation method of income and loss by reportable segment
The Company changed the distribution method of corporate expenses from this second quarter due to thetransition to a holding company structure dated on January 1, 2022.
This change on the income and loss of each reportable segment is immaterial.

(Significant subsequent events)
Not applicable| 9Open House Group Co., Ltd. (3288)