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.

May 15, 2023

Summary of Consolidated Financial Results
for the Second Quarter of the Fiscal Year Ending 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 CFOScheduled date to file quarterly securities report:

May 15, 2023

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

Yes (for institutional investors and analysts, in Japanese)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended March 31, 2023
(October 1, 2022 to March 31, 2023)(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

Six months ended

Millions of yen% Millions of yen

March 31, 2023

541,794

19.0

69,65016.1

67,5369.6

44,452

12.5

March 31, 2022

455,41125.1

59,99844.2

61,62751.4

39,53020.7

Note: Comprehensive income For the six months ended March 31, 2023:
For the six months ended March 31, 2022:
Basic earnings
per share% Millions of yen¥ 42,685 million¥ 46,688 million%[(8.6) %][37.2 %]

Diluted earnings
per share

Six months endedYenYenMarch 31, 2023

368.93368.25

March 31, 2022

313.40312.57(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

March 31, 2023

1,093,847

430,243

33.7

September 30, 2022

1,031,174

395,702

32.7

Reference:

EquityAs of March 31, 2023:
As of September 30, 2022:¥ 368,525 million¥ 337,620 million| 1

Open House Group Co., Ltd. (3288)

2.

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

Total

Yen

Yen

Yen

Yen

YenFY 2022－62.00

－

67.00

129.00FY 2023－72.00－92.00164.00FY 2023 (Forecast)Note1: Revisions to the forecast of cash dividends most recently announced: Yes
Note2: Breakdown of the year-end dividend for the fiscal year ending September 30, 2023 (forecast):
Ordinary dividend 82.00 yen

Special dividend 10.00 yen

The special dividend is due to the commemoration of the 10th anniversary of the Company's listing and theachievement of 1 trillion yen in net sales.

3. Forecast of consolidated operating results for FY2023 (October 1, 2022 to September 30, 2023)

Net sales
Millions of yen

Full year

1,130,000(Percentages indicate year-on-year changes.)
Basic
Profit attributable toOrdinary profit
earnings
owners of parentper share

Operating profit% Millions of yen
18.6

141,000%

Millions of yen%

Millions of yen%

Yen

18.1

136,500

12.7

92,00018.1

763.54

Note: 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 March 31, 2023

120,567,900 shares

As of September 30, 2022

120,487,900 shares

Number of treasury shares at the end of the period
As of March 31, 2023

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)
Six months ended March 31, 2023

120,491,008 shares

Six months ended March 31, 2022

126,135,144 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 the forecast due to various factors.

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

Consolidated Quarterly Financial Statements
1) Consolidated Quarterly Balance Sheets(Millions of yen)
End of FY2022(as of September 30, 2022)
AssetsCurrent assets
Cash and depositsSecurities
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 borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Provisions
OtherTotal current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities

End of FY2023 2Q(as of March 31, 2023)

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

342,653
3,000
2,500
95,441
514,504
56,976
20,817(445)
1,035,447

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

26,5692,775
29,05358,399
1,093,847

1,238
31,2208,104
144,309242
39,262
20,292
5,808
59,017309,4951,380
34,893
11,176
154,748
242
40,444
20,228
5,696
48,475317,285

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

10,242335,232
338
218
286
346,318
663,603| 4

Open House Group Co., Ltd. (3288)

(Millions of yen)
End of FY2022(as of September 30, 2022)

End of FY2023 2Q(as of March 31, 2023)

Net assets
Shareholders' equity
Share capital

20,07020,101

Capital surplus
Retained earnings

19,882286,286

19,911
322,666

Treasury shares

(18)

(18)

326,221362,661

Valuation difference on available-for-sale securitiesForeign currency translation adjustment(34)
11,43427
5,836

Total accumulated other comprehensive income

11,3995,863

474
57,606741
60,976

Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

395,702430,243

1,031,174

1,093,847| 5Open 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
Foreign exchange gains
Share of profit of entities accounted for using equity
methodGain on sale of investment securities
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

Six months ended
March 31, 2022
(from October 1, 2021 toMarch 31, 2022)
455,411363,819
91,592
31,59359,998(Millions of yen)Six months ended
March 31, 2023
(from October 1, 2022 toMarch 31, 2023)
541,794
436,531
105,263
35,61269,650

62
1,656
69
999

280
113
104
―

495

77

―
425
3,709

144
252
972

1,704
257
―
118
2,081
61,627

1,902
263
325
595
3,086
67,536

119
119
61,507
18,377
43,1293,598
39,530――67,536
19,31948,2173,764
44,452| 6

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

Six months ended
March 31, 2022
(From October 1, 2021
to March 31, 2022)
43,129(Millions of yen)Six months ended
March 31, 2023
(From October 1, 2022
to March 31, 2023)
48,21703,54865(5,597)

100

3,559
46,688(5,531)
42,68543,09338,924

3,595

3,760

| 7

Open House Group Co., Ltd. (3288)

3)Consolidated Statements of Cash Flows(Millions of yen)Six months ended
September 30, 2023
(From October 1, 2022 toMarch 31, 2023)

Six months ended
September 30, 2022
(From October 1, 2021 toMarch 31, 2022)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Increase (decrease) in provisions
Interest and dividend income
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using
equity method
Interest expenses
Loss (gain) on sale of shares of subsidiaries andassociates
Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in advance payments to suppliers
Increase (decrease) in trade payables
Decrease (increase) in operating loans receivable
Increase (decrease) in contract liabilities
Increase (decrease) in guarantee deposits received
Increase (decrease) in deposits received
Increase/decrease
inconsumption
taxes
payable/consumption taxes refund receivable
Other, net
SubtotalInterest and dividends received
Dividends received from entities accounted for using
equity method
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from redemption of investment securities
Proceeds from sale of investment securities
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Payments for investments in capital of subsidiaries andassociates
Repayment from investment in capital of subsidiaries andaffiliates
Purchase of shares of subsidiaries and associates
Proceeds from sale of shares of subsidiaries andassociates
Other, net
Net cash provided by (used in) investing activities

61,507
673
11
18
162
(1,719)(121)

67,536693
100
19(112)
(393)
336

(495)

(77)

1,704

1,902

119

―

―
(1,451)(43,886)(2,407)
8,634
3,800
4,519
252
(5,044)

(144)
(409)
(58,549)
(426)
6,887
(13,713)(2,040)511(8,369)

(718)

3,302

(2,105)23,453
1,719(997)(3,943)
393

207

―

(1,677)(12,001)
11,701(1,860)(12,194)(17,604)(1,818)
24
(225)
(452)
――
(357)
4,532
(1,103)(4,032)8(166)(1,501)26
2,092(2,669)
1,791(1,929)

236

1,771

(1,553)(3,235)

2,419

623

―(232)

16―

126
1,844

(10)
(7,462)| 8Open House Group Co., Ltd. (3288)

Six months ended
September 30, 2022
(From October 1, 2021 toMarch 31, 2022)(Millions of yen)Six months ended
September 30, 2023
(From October 1, 2022 toMarch 31, 2023)

Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings

104,026(109,013)

126,199(114,319)

Proceeds from long-term borrowings
Repayments of long-term borrowings

125,798(90,383)

105,974(85,821)

(121)
98

(121)
44(1,177)

(0)

557

24(7,819)(595)(8,072)
(469)

38

―

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents

21,41023,4392,294(2,024)37,250(3,652)

Cash and cash equivalents at beginning of period

334,506

346,080728―

372,485

342,428

Redemption of bonds
Proceeds from exercise of employee share options
Repayments to non-controlling shareholders
Proceeds from share issuance to non-controllingshareholders
Dividends paid
Dividends paid to non-controlling interests
Other, net

Increase (decrease) in cash and cash equivalents resulting
from change in scope of consolidation
Cash and cash equivalents at end of period| 9Open House Group Co., Ltd. (3288)

4)

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 ending
September 2023 including the second 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| 10Open House Group Co., Ltd. (3288)

(Segment and other information)【Segment information】
I.
Six months ended March 31, 2022 (October 1, 2021 to March 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
Net sales from outside
customers
Intersegment netsales and transfers
TotalSegment profit (loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

Amount recorded in
Adjustment
the consolidated(Note1)quarterly statements ofincome (Note2)

259,698

11,46757,922

34,59070,305433,9842

433,987

1,073―

17,222

1,606

1,521

21,424―

21,424

260,771

11,46775,14536,197

71,827455,4092

455,411

―

―

1,060

80

―

1,140

(1,140)―260,771
35,953

11,467419

76,2059,130

36,277
4,564

71,827
10,985456,550
61,053(1,138)(1,055)455,41159,998(NOTE)
1. Adjustment of ¥ (1,055) million for segment profit (loss) includes intersegment elimination of ¥ (415)million and corporate expenses of ¥ (641) million that are not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment profit (loss) has been adjusted to operating profit described in the consolidated quarterly
statements of income.

| 11

Open House Group Co., Ltd. (3288)

II.

Six months ended March 31, 2023 (October 1, 2022 to March 31, 2023)
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

Total

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

267,651

26,474

77,72639,47983,814495,1456

495,152

28,126―

14,847

1,995

1,671

46,641―

46,641

295,777

26,474

92,573

41,47485,486

541,787

6541,794

―

―

99294

210

605(605)―

Total

295,77726,474

92,673

41,76985,697542,392(598)541,794

Segment profit (Loss)

35,1774,129

10,886

4,492

15,416

70,101(450)

69,650Net sales from outside
customers
Intersegment net sales
and transfers(NOTE)
1. Adjustment of ¥ (450) million for segment profit (loss) includes intersegment elimination of ¥ 1,924
million and corporate expenses of ¥ (2,374) million that are not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment profit (loss) has been adjusted to operating profit described in the consolidated quarterly
statements of income.
(Significant subsequent events)
Not applicable| 12Open House Group Co., Ltd. (3288)