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

Consolidated Financial Results for the Three Months Ended June 30, 2021
(Under Japanese GAAP)
August 12, 2021
Company Name Kakuyasu Group Co., Ltd.
Listing
Tokyo Stock Exchange
Ticker Code7686
URL
https://www.kakuyasu-group.co.jp/
Representative Junichi Satou, Representative Director and President
Inquiries
Yoshiyuki Maegaichi, Director
Telephone+81-3-5959-3088
Scheduled date to file quarterly securities report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results briefing:

August 12, 2021
－Yes
No

(JPY amounts are rounded down to million, unless otherwise noted.)
1. Consolidated financial results for the three months ended June 30, 2021（From April 1,2021 to June 30, 2021）（Percentages indicate year-on-year changes.)(1) Consolidated operating results (cumulative)
Sales
Three months ended

Operating profit

Profit attributable to ownersof parent

Ordinary profit

JPY million％

JPY million％

JPY million％

JPY million％

June 30, 2021

18,59810.8△1,307－△1,126－△709－

June 30, 2020

16,783－△1,114－

△755－

△538－

Note: Comprehensive income For the three months ended June 30, 2021:

JPY △709 million
JPY △543 million

For the three months ended June 30, 2020:
Basic earnings
per share
Three months ended[－％][－％]Diluted earnings
per shareJPYJPY

June 30, 2021

△85.03－June 30, 2020

△69.81－

Note: 1. The Company has not prepared quarterly consolidated financial statements for the first quarter of the fiscal year ending March
2020, so the year-on-year change rate for the first quarter of the fiscal year ending March 2021 is not stated.
2. Diluted net income per share for the first quarter of the fiscal year ending March 2022 and the first quarter of the fiscal year
ending March 31, 2021 is not stated as it is a quarterly net loss per share despite the existence of diluted shares. Not yet.
3. “Accounting Standards for Revenue Recognition” (Corporate Accounting Standards No. 29, March 31, 2020), etc. have been
applied from the beginning of the current first quarter consolidated accounting period, and each figure for the first quarter ofthe fiscal year ending March 2022 The figures are after applying the relevant accounting standards, etc.

(2) Consolidated financial position
Total assets
As ofJPY million％

27,142

4,530

16.7

3,212

11.9

March 31, 2021

Note:

Equity-to-asset ratio

JPY million

June 30, 2021
Reference: Equity

Net assets

26,994As of June 30, 2021:

JPY 4,530 million

As of March 31, 2021:
JPY 3,212 million“Accounting Standards for Revenue Recognition” (Corporate Accounting Standards No. 29, March 31, 2020), etc. have been applied
from the beginning of the current first quarter consolidated accounting period. The figures for the first quarter of the fiscal year
ending March 2022 are after applying the relevant accounting standards, etc.

- 1 -

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Fiscal year-end

Total

JPY

JPY

JPY

JPY

JPY-

24.90

-

24.90

49.80

----

Fiscal year ended
March 31, 2021
Fiscal year ending
March 31, 2022-

Fiscal year ending
March 31, 2022
(Forecast)

Note: 1. Revisions to the forecast of cash dividends most recently announced: Yes
2. For dividends for the fiscal year ending March 2022, please refer to the "Notice regarding revision of dividend forecast for thefiscal year ending March 2022" announced today.

（From April 1,2021 to March
3. Consolidated financial results for the fiscal year ending March 31, 2022（Forecast）
31, 2022）（Percentages indicate year-on-year changes.）
Sales

Fiscal year ending
September 30, 2021
Fiscal year ending
March 31, 2022

Operating profit

JPY million

％

－－－－

JPY million

Profit attributable toowners of parent

Ordinary profit

Earnings
per share％

JPY million％

JPY million％

JPY－－－－－－－－－－－－－－

Note: 1. Revisions to the forecast of financial results most recently announced: No
2. The business performance forecast for the fiscal year ending March 31, 2022 has not been determined as it is difficult to make areasonable calculation at this stage due to the spread of the new coronavirus infection. In the future, we will promptly disclose theperformance forecast as soon as it becomes possible to calculate it.

※ Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): No(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financialstatements：No(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：No(iii) Changes in accounting estimates：No(iv) Restatement: No(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2021

9,282,600

shares

As of March 31, 2021

7,777,200

shares

As of June 30, 2021－

shares

As of March 31, 2021－

shares(ii) Number of treasury shares at the end of the period(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Three months ended June 30, 2021

8,342,944

sharesThree months ended June 30, 2020

7,710,055

shares- 2 -※ Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants oran audit corporation.
※ Proper use of earnings forecasts, and other special matters
Consolidated business forecasts for the fiscal year ending March 2022 have not yet been determined as it isdifficult to reasonably calculate them at this stage due to the spread of the new coronavirus infection. In thefuture, we will promptly disclose the performance forecast as soon as it becomes possible to calculate it.

- 3 -4. Quarterly consolidated financial statements and main notes(1) Quarterly Consolidated Balance Sheets（JPY million）
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Accounts receivable - others
Income taxes refund receivable
OthersAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Vehicles, netTools, furniture and fixtures, netLand
Leased assets, netConstruction in progress
Total property, plant and equipment
Intangible assets
GoodwillSoftware
Leased assets
OthersTotal intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Leasehold and guarantee deposits
Long-term prepaid expenses
OthersAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 4 -As of June 30, 2021

2,525
4,745
3,610
1,180
629
1,121
△26
13,785

2,582
3,966
3,777
1,194
635
1,887
△2014,023

3,516
0209
3,002
2－
6,732

3,5854223
3,002
2
1
6,820

1,485
664
203
3
2,357

1,445
639
159
3
2,248

511
833
2,105
528
273
△133
4,119
13,20826,994

503
1,248
2,128
48
238
△118
4,049
13,11827,142

（JPY million）
As of March 31, 2021
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Lease liabilities
Income taxes payable
Provision for bonuses
Asset retirement obligations
OthersTotal current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Asset retirement obligations
OthersTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets- 5 -As of June 30, 2021

10,079
5,614
164
52
329
16
2,278
18,535

9,646
4,501
129
31
513
4
1,808
16,635

4,166
39
76
101
694
168
5,246
23,7814,913
29
741047001535,976
22,611

379
638
2,070
3,087

30
3,208
1,167
4,406

125

124

125

124

3,212
26,994

4,530
27,142

(2) Quarterly Consolidated Statements of Income and Comprehensive Income（Quarterly Consolidated Statements of Income）（First quarter consolidated cumulative period）（JPY million）
Three months ended
June 30, 2020
Sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income
Subsidy income
OthersTotal non-operating income
Non-operating expenses
Interest expenses
Share issuance costs
OthersTotal non-operating expenses
Ordinary profit (loss)
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit (loss)
Profit (loss) attributable to owners of parent- 6 -Three months ended
June 30, 2021

16,783
13,195
3,588
4,702△1,114

18,598
14,616
3,982
5,290△1,307

363
7371

203
5208

8－
311△755129527△1,126－－△755
5△222△216△538△538

1515△1,110
13△414△401△709△709

（Quarterly Consolidated Statements of Comprehensive Income）（First quarter consolidated cumulative period）（JPY million）
Three months ended
June 30, 2020
Profit (loss)
Other comprehensive income
Valuation difference on available-for-salesecurities
Total other comprehensive income
Comprehensive income（Comprehensive income attributable to）
Comprehensive income attributable to ownersof parent
Comprehensive income attributable to noncontrolling interests- 7 -Three months ended
June 30, 2021

△538

△709

△5△0△5△543△0△709△543△709－－