Summary of Business Results for the Third Quarter Ended December 31, 2021
[Japan GAAP] (Consolidated)

February 14, 2022
Listed on the TSE
URL: https://www.akatsuki-fg.com/Akatsuki Corp.
8737
Hideaki Shimane, President and Representative Director
Michihiro Kitano, Director, Executive Officer, Manager ofPresident’s Office
Expected date of filing of quarterly report: February 14, 2022
Expected starting date of dividend payment: Preparation of quarterly supplementary financial document: Yes
Quarterly results briefing: NoneCompany
Stock CodeRepresentativeContact

T E L: +81-3-6821-0606（Rounded down to million yen）

1. Consolidated business results for the nine months ended December 2021
(April 1, 2021 through December 31, 2021)(1) Consolidated results of operations(% change from the previous corresponding period)

Net operating
revenues

Operating income

Ordinary income

Net income attributableto owners of parent

Million yen

Million yen

Million yen%

Nine months ended Dec. 2021
26,977-4.4
13,301
14.5
1,396
-18.1
1,163
-19.2
956
Nine months ended Dec. 2020
28,232
17.4
11,621
59.2
1,704
84.5
1,438
171.5
934(Note) Comprehensive income
Nine months ended December 2021: 936 million yen (-0.1%)
Nine months ended December 2020: 936 million yen (126.1%)
Net income
Diluted net income perper shareshareYen
Yen
Nine months ended Dec. 2021
31.00
Nine months ended Dec. 2020
30.12
(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020),
etc. from the beginning of the first quarter of the current fiscal year in accordance with the transitional treatment.

2.3
149.0

Operating revenues
Million yen%

Million yen%%%(2) Consolidated financial position
Total assets
As of Dec. 2021
As of Mar. 2021

Net assets

Million yen
66,76561,660Million yen
14,717
13,792

Shareholders’ equity
ratio
%
21.0
22.3

Net assets pershareYen
457.56447.35(Reference) Shareholders’ equity
As of December 2021: 14,030 million yen
As of March 2021: 13,775 million yen

2. Dividends
End of 1Q

Yen-

Annual dividend
End of 3Q
Yen
Yen
8.50
9.50
-

End of 2Q

Year-end

TotalYen
9.50

Year ended Mar. 2021
Year ending Mar. 2022
Year ending Mar. 2022 (forecast)
8.50(Note) Revisions to dividend forecast for the current quarter: Yes
For the revision of the dividend forecast, please refer to the "Notice of Revision to Consolidated Business Forecasts and Dividend
Forecasts for the Fiscal Year Ending March 2022" released today (February 14, 2022).

Yen
18.00
18.00

3．Forecast of consolidated business results for the fiscal year ending March 2022
(April 1, 2021 through March 31, 2022)(% change from the previous corresponding period)

Operating revenues
Year ending Mar. 2022

Operating income

Net income attributable toowners of parentOrdinary income

Million yen%

Million yen%

Million yen%

Million yen%

34,300-12.3

1,370-47.1

1,100-50.4

900-37.1(Note) Revisions to business forecast for the current quarter: Yes
For the revision of the business forecasts, please refer to the "Notice of Revision to Consolidated Business Forecasts and Dividend
Forecasts for the Fiscal Year Ending March 2022" released today (February 14, 2022).
-1 -*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries accompanying changes
in the scope of consolidation): YesExcluded: 1 (Satsuki LLC)
(2) Applications of simplified accounting procedures and specific accounting procedures: None
(3) Changes in accounting policies, accounting estimates and restatement①Changes in accounting policies associated with revision of accounting standards:②Changes in accounting policies other than ①③Changes in accounting estimates④Restatement: Yes: None: None: None

(4) Shares outstanding (common stock)①Number of shares outstanding at the end of period (treasury stock included)
As of December 2021
34,029,544 shares
As of March 2021
34,029,544 shares②Treasury stock at the end of period
As of December 2021
3,365,251 shares
As of March 2021
3,236,693 shares③Average number of stock during period (quarterly cumulative period)
Nine months ended December 2021
30,848,155 shares
Nine months ended December 2020
31,021,705 shares(Note) The number of treasury stock which is deducted for calculating the number of treasury stock during period and the average numberof shares during the period includes the shares of the Company owned by the ESOP Trust Account and the BBT Trust Account.

*Quarterly financial summary is not subject to the quarterly review procedures by certified public accountants
or auditing firms.
*Explanation regarding appropriate use of business forecasts and other special instructions
Forecasts regarding future performance in this material are based on information currently available to the company
and certain assumptions that the company deems to be reasonable at the time this report was prepared. Actual results
may differ significantly from the forecasts due to various factors.
This document is an English translation of a Japanese announcement made on the date above. Although the weintended to faithfully translate the Japanese document into English, the accuracy and correctness of this English
translation is not guaranteed and thus you are encouraged to refer to the original Japanese document.

-2 -