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.

February 14, 2023

Summary of Consolidated Financial Results
for the First Quarter Ended September 30, 2023
(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:

February 14, 2023

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 three months ended December 31, 2022
(October 1, 2022 to December 31, 2022)(1) Consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit% Millions of yen

Profit attributable toowners of parent

Ordinary profit

Three months ended

Millions of yen% Millions of yen% Millions of yen%

December 31, 2022

248,198

5.5

30,668(12.5)

29,514(16.7)

19,643(13.3)

December 31, 2021

235,255

51.7

35,04180.7

35,41871.5

22,653

52.6

Note: Comprehensive income For the three months ended December 31, 2022: ¥ 15,326 million [ (41.2) %]For the three months ended December 31, 2021: ¥ 26,057 million [ 83.8 %]Basic earnings
per share
Three months ended

Diluted earnings
per shareYen

Yen

December 31, 2022

163.04

162.75

December 31, 2021

179.63179.13(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

December 31, 2022

1,018,643

402,543

33.7

September 30, 2022

1,031,174

395,702

32.7

Reference:

EquityAs of December 31, 2022:
As of September 30, 2022:¥ 343,178 million¥ 337,620 million| 1
Open House Group Co., Ltd. (3288)

2.

Cash dividends
Annual dividends per share
1Q-end2Q-end3Q-endYear-end

TotalYen

Yen

Yen

Yen

Yen

FY 2022－62.00－67.00129.00FY 2023－72.00
72.00
－－－－

82.00
72.00
10.00

154.00144.0010.00

FY 2023 (Forecast)Ordinary dividend
Special dividend

Note1: Revisions to the forecast of cash dividends most recently announced: None
Note2: The special dividend for the fiscal year ending September 30, 2023 (forecast) is due to the commemoration of the10th anniversary of the Company's listing and the achievement of 1 trillion yen in net sales.

3. Forecast of consolidated operating results for FY 2023 (October 1, 2022 to September 30, 2023)

Net sales
Millions of yen(Percentages indicate year-on-year changes)
Basic
Profit attributable toOrdinary profit
earnings
owners of parentper share

Operating profit% Millions of yen%

Millions of yen%

Millions of yen%

Yen

2Q (Cumulative)

520,700

14.3

65,3008.8

63,1002.4

41,1004.0

341.12

Full year

1,100,000

15.5

134,000

12.3

130,000

7.3

86,00010.4

713.79Note: Revision to the forecast of consolidated results most recently announced: Yes| 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: None(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)

(iii)

Number of issued shares at the end of the period (including treasury shares)
As of December 31, 2022

120,487,900 shares

As of September 30, 2022

120,487,900 shares

Number of treasury shares at the end of the period
As of December 31, 2022

3,485 shares

As of September 30, 2022

3,485 shares

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

120,484,415 shares

Three months ended December 31, 2021

126,113,559 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
The forecasts and other forward-looking statements contained in this summary are based on assumptions frominformation available to the Company at the time of disclosure 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 FY 2022(as of September 30, 2022)
AssetsCurrent assets
Cash and deposits
Trade accounts receivable and contract assets
Real estate for sale
Real estate for sale in process
Operating loans
OtherAllowance 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 borrowings
Current portion of bonds payable
Current portion of long-term borrowingsIncome taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
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
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

End of FY 2023 1Q(as of December 31, 2022)

349,305
2,198
95,717461,388
43,26230,128(344)981,656

307,415
2,613
97,411
482,875
48,291
29,045(366)
967,286

21,123
2,925
25,47049,5181,031,174

21,733
2,857
26,76651,357
1,018,643

1,238
31,2208,104
144,309242
39,262
20,292
5,808
59,017309,495

1,288
32,376
8,422
150,270242
43,2608,596
3,112
52,448300,017

10,363314,784318
211
298
325,976
635,472

10,363304,888328
210
291
316,082
616,099

20,07019,882286,286(18)
326,221

20,07019,881
297,857(18)
337,791(34)
11,434
11,399474
57,606
395,702
1,031,174

25
5,361
5,387
521
58,844
402,543
1,018,643| 4Open House Group Co., Ltd. (3288)

2)

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive
IncomeConsolidated Quarterly Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from buildings
Gain on sale of investment securities
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Three months ended
December 31, 2021
(from October 1, 2021 toDecember 31, 2021)
235,255
184,620
50,635
15,59435,041(Millions of yen)Three months ended
December 31, 2022
(from October 1, 2022 toDecember 31, 2022)
248,198
200,578
47,61916,951
30,668

2715
30
―

3458
52
144

429

112

196
62
1,437

―
76
479

916
111
―
32
1,059
35,41835,418
10,37925,0382,384
22,653

979
19
421
212
1,633
29,51429,514
8,178
21,336
1,692
19,643| 5
Open 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 non-controllinginterests

Three months ended
December 31, 2021
(From October 1, 2021
to December 31, 2021)
25,038(Millions of yen)Three months ended
December 31, 2022
(From October 1, 2022
to December 31, 2022)
21,336(1)
1,018

63(6,072)

2(0)

1,019
26,057(6,009)15,326

23,672

13,6372,384

1,689

| 6
Open House Group Co., Ltd. (3288)

3)

Notes to consolidated quarterly financial statement(Notes on going concern assumptions)Not applicable(Notes on significant changes in the amount of shareholders’ equity)
Not applicable(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 2023 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.
(Changes in accounting policies)
Not applicable| 7Open House Group Co., Ltd. (3288)

(Segment and other information)【Segment information】
I.
Three months ended December 31, 2021 (October 1, 2021 to December 31, 2021)
1.

Information on net sales, profit or loss, and other items by reportable segments（Millions of yen）
Reportable Segment
Single-family
Condominiums
homes related

Net sales
Net sales fromcontracts withcustomers
Other income
Net sales from outside
customers
Intersegment netsales and transfers
Total
Segment profit (loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

Amount recorded in
Adjustment consolidated quarterly(Note1)statements of income(Note2)

136,050

4,374

24,351

16,27236,254

217,303―

217,3031―

16,464711

774

17,951―

17,951136,051

4,374

40,816

16,98437,028235,255―

235,255

―

―

248

57

0306(306)―

136,051

4,374

41,064

17,04237,028

235,562(306)

235,255

21,799

(118)

5,324

2,202

6,272

35,481(439)35,041(NOTE)
1. Adjustment of ¥ (439) million for segment profit (loss) includes intersegment elimination of ¥ 193 million
and corporate expenses of ¥ (633) million that is not distributed to the reportable segments. Corporate
expenses are primarily general and administrative expenses that do not belong to the reportablesegments.
2. Segment profit (loss) has been adjusted to operating profit described in consolidated quarterly
statements of income.

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

II.

Three months ended December 31, 2022 (October 1, 2022 to December 31, 2022)
1. Information on Net sales, profit or loss, and other items by reportable segments（Millions of yen）
Reportable Segment
Single-family
Condominiums
homes related

Net sales
Net sales fromcontracts withcustomers
Other income

Property
resaleOthers

PRESSANCECORPORATION

TotalAdjustment(Note1)

Amount recordedin consolidated
quarterlystatements ofincome (Note2)

128,272

3,347

32,63018,46738,417

224,7852

224,788

13,463―

11,847967

782

23,409―23,409141,735

3,347

44,477

19,43539,199248,195

2

248,198

―

―

55

94―

150

(150)

―

Total

141,735

3,347

44,533

19,52939,199248,346(147)

248,198

Segment profit (Loss)

16,484(432)

5,429

2,267

6,827

30,57791

30,668Net sales from outside
customers
Intersegment net sales
and transfers(NOTE)
1. Adjustment of ¥ 91 million for segment profit (loss) includes intersegment elimination of ¥ 856 million
and corporate expenses of ¥ (765) million that is not distributed to the reportable segments. Corporate
expenses are primarily general and administrative expenses that do not belong to the reportablesegments.
2. Segment profit (loss) has been adjusted to operating profit described in consolidated quarterly
statements of income.
2.

Notes relating to changes in reportable segments etc.
As a result of the transition to a holding company structure on January 1, 2022, the Company changed themethod of allocating corporate expenses to each reportable segment from the second quarter of theprevious fiscal year. The impact of this change on segment profit (loss) is immaterial. In addition, segment
profit for the first quarter of the previous fiscal year was calculated using the method prior to the transition
to a holding company structure, as it is difficult to use the calculation method after the transition .

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