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.

Summary(Translation)
August 5, 2022

FIELDS CORPORATION
Consolidated Financial Results for the Three Months Ended June 30, 2022 (Under Japanese GAAP)
Company name:

FIELDS CORPORATION(URL: https://www.fields.biz/ir/e/)
Tokyo Stock Exchange, Prime Market
2767
https://www.fields.biz/ir/e/
Hidetoshi Yamamoto, President and Group CEO
Hideaki Hatanaka, Senior Corporate Officer+81-3-5784-2111

Listing:
Securities code:
URL:
Representative:
Inquiries:
Telephone:

August 8, 2022
Yes
No

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:(Yen amounts are rounded down to millions)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30, 2022)(1) Consolidated operating results (cumulative)(Percentages indicate YoY changes.)
Net sales

Operating profit

Three months ended
June 30, 2022
June 30, 2021

Millions of yen(Note) Comprehensive income

For the three months ended June 30, 2022: ¥ 274 million [(47.0)%]
For the three months ended June 30, 2021: ¥ 517 million [－%]

8,243
22,930%(64.1)
879.3

Millions of yen

186
378

Basic earnings
per share

Profit attributable toowners of parent

Ordinary profit%(50.7)－%(47.9)－

Millions of yen

291
559

%
－
－

Millions of yen

(209)
338

Diluted earnings
per share

Three months ended
June 30, 2022

Yen

Yen

(6.47)－

June 30, 2021

10.47

10.45

(2) Consolidated financial position
Total assets
As ofJune 30, 2022

Equity-to-asset ratio

Millions of yen

56,89931,184%51.9

70,001

31,551

43.4

March 31, 2022
(Reference) Equity

Net assets

Millions of yen

As of June 30, 2022: ¥ 29,521 million
As of March 31, 2022: ¥ 30,372 million

2. Cash dividends
Annual dividends
Q1-endFiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
Fiscal year ending
March 31, 2023 (Forecast)

Q2-endFiscalyear-end

Q3-end

Total

Yen

Yen

Yen

Yen

Yen

－

0.00

－

20.00

20.00

0.00

－

20.00

20.00

－

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

3. Forecast of consolidated earnings for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)(Percentages indicate YoY changes.)

Net sales
Full-year

Operating profit

Millions of yen%

Millions of yen

98,0003.3

4,000

Profit attributable toowners of parent

Ordinary profit% Millions of yen

16.1

4,000

(Note) Revision of the most recently released performance forecasts: None1

Basic earnings
per share%

Millions of yen

%

Yen

10.1

3,000

21.4

92.79

*Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of
consolidation): None
(2) Application of accounting methods 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 other than (3) (i): None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)
(i)

(ii)

(iii)

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

34,700,000 shares

As of March 31, 2022

34,700,000 shares

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

2,368,300 shares

As of March 31, 2022

2,368,300 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2022

32,331,700 shares

Three months ended June 30, 2021

32,331,700 shares* Quarterly financial results reports are exempt from quarterly review by certified public accountants or an audit corporation.
* Proper use of earnings forecasts, and other special matters
The earnings forecasts and other forward-looking statements herein are based on information currently available to the Company
and on certain assumptions deemed to be reasonable. Actual results, etc. may differ materially from the forecasts due to various
factors.
Please refer to 1. Qualitative information on the quarterly financial results (1) Analysis of operating results on page 2 and (2)Consolidated earnings forecasts on page 4.
(How to obtain supplementary materials on financial results)
We have decided to forgo holding financial results briefings (for analysts and institutional investors) in light of the expansion ofcoronavirus disease (COVID-19) infections and other factors. The financial presentation will be posted on our IR website after
Friday, August 5, 2022.

Consolidated Financial Results for the Three Months Ended June 30, 2022

Table of contents of attached document
1. Qualitative information on the quarterly financial resultsꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 2(1) Analysis of operating results ................................................................................................................................2(2) Consolidated earnings forecasts ...........................................................................................................................4(3) Overview of financial position .............................................................................................................................5
2. Quarterly consolidated financial statements and important notes ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 6(1) Quarterly consolidated balance sheets .................................................................................................................6(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income................8(3) Quarterly consolidated statements of cash flows ...............................................................................................10(4) Notes regarding the quarterly consolidated financial statements ....................................................................... 11(Notes regarding the operation of the company as a going concern) ................................................................... 11(Notes regarding occurrence of significant change in amount of shareholders’ equity) ...................................... 11(Application of the accounting method specific to quarterly consolidated financial statements) ........................ 11(Changes in accounting policies)......................................................................................................................... 111

Consolidated Financial Results for the Three Months Ended June 30, 2022

1. Qualitative information on the quarterly financial results(1) Analysis of operating results
The energy crisis, the food crisis, soaring prices, and other unforeseen circumstances triggered by the situation in Ukraine,
have created new social tensions. On the other hand, COVID-19 pandemic, now in its third year, has continued to expand
quantitatively by replacing conventional Omicron variant. However, as society takes a “living with Covid” approach, theimpact on the socio-economy has been minimized, and while there is no denying that the situation will fluctuate, thenormalization of economic activities is proceeding steadily along with the restoration of inherent daily life.
Even in this challenging environment, people always need leisure time to enrich their own lives, and the pandemic has
created a variety of new ways of leisure with creativity in response to the new phenomena that have emerged, such as“staycations.” We learned a lot from the courage of people who need leisure no matter what hardships or difficulties they face,
and who are positive about their creation.
Under these circumstances, our corporate philosophy of “The Greatest Leisure for All People” has been steadily developing
our business, centered on Tsuburaya Productions Co., Ltd. (hereinafter, “TPC”) and FIELDS CORPORATION.

Content and digital business: domestic market
The movie SHIN ULTRAMAN, released in May 2022 in Japan, has already been a big hit with more than ¥4.3 billion in box
office revenues, and it has been a pleasure to blow out a temporary “movie recession” caused by the pandemic and otherevents. As a result, we were able to acquire new fans across a broad range of segments, which will be irreplaceable for our
next development. We have reaffirmed that the existence of Ultraman is becoming more and more popular and loved not only
by Japanese fans but also by many fans worldwide, and that it is increasingly raising the value of the brand. This is a strong
intention for our group, which is dedicated to growing the Ultraman-related business in the future.
Content and digital business: overseas markets
In China, Ultraman Area, in a Chinese government-authorized entertainment facility, opened in Shanghai, has been hugely
popular, and each event has attracted so many customers that the venue is packed beyond capacity. This momentum has
expanded to include sales of card games, figures, and other related merchandise business revenues in the Chinese market
which grew rapidly and dynamically from approximately ¥200 million in the same period of the previous fiscal year to
approximately ¥740 million in excess of three times as high as in the same period of the previous fiscal year.
Going forward, we are implementing a variety of measures to ensure that Ultraman is becoming popular not only in China
but also in other Asian countries.

Pachinko/pachislot (hereinafter, “PS”) businessIn the pachinko market, with the removal of all old regulation machines from the market at the end of January 2022, wehave entered a new stage of providing a stable and sustainable lineup of high-quality titles, both hardware and software, thatcan be enjoyed by users at a reasonable cost of consumption. Starting with the Evangelion series of pachinko machines
launched last year, and driven by popular pachinko machine in the previous fiscal year, we were able to meet the expectationsof fans. As a result, the operation of pachinko halls improved significantly, rising 6.1% YoY. On the other hand, in pachislot,
PACHISLOT INUYASHA, which we began delivering in the Q1 of this fiscal year, was positively acknowledged as appropriate
for the beginning of the new pachislot era. As a result, pachinko halls’ desire to invest in pachislot machines, which has beenstagnant since the appearance of regulation 6.0 machines in 2018, has shifted to a positive orientation, and the trend has turned
upward for the first time in about four years. We will continue to strive to provide merchandise services that meet the needs ofpachinko halls and fans without missing this opportunity.

As a result of these business activities, the consolidated results for the Q1 of the fiscal year under review were net sales¥8,243 million (down 64.1% YoY), operating profit ¥186 million (down 50.7%), ordinary profit ¥291 million (down 47.9%),
and a loss attributable to owners of parent of ¥209 million (profit attributable to owners of parent of ¥338 million for the same2

Consolidated Financial Results for the Three Months Ended June 30, 2022

period of the previous fiscal year). Against the backdrop of robust sales forecasts for the contents and digital business, and thestrategic PS business, the Company is making steady progress toward its initial forecasts.

Operating results by business segment for the Q1 of the fiscal year under review are as follows.

Content and digital business segment
As shown in Table 1 below, the business revenue of TPC, which forms the core of the content and digital segment, grewsignificantly YoY.
[Table 1:Trends in business revenues of TPC]

(Unit: Millions of yen)

Apr-Jun 2021

Apr-Jun 2022

(Previous Q1)(Current Q1)

YoY change

Domestic MD and license revenue

325

495

+52.3%

Overseas MD and license revenue

278

853

+206.3%198

741+274.4%

Total MD and license revenue

604

1,349

+123.4%

Imaging business revenue

219

525

+139.3%

China

Both domestic MD and license revenue and the imaging business performed well, reflecting the big hit of the movie SHINULTRAMAN released in Japan. Overseas, sales of figures, other toys and card games continued to grow against backdrop of
expanding licensees in China.
Digital Frontier Inc. (hereinafter, “DF”) posted net sales of ¥1,074 million (up 24.1% YoY) and operating profit of ¥107
million (up 290.7% YoY), supported by continued firm sales of CG video production led by major domestic gaming
companies and VFX video production with Netflix.

As a result of the above, the contents and digital segment’s Q1 results grew significantly, with net sales at ¥2,911 million(up 71.3% YoY) and operating profit at ¥1,038 million (up 331.0% YoY).

PS business segment
In Q1, we sold PACHISLOT INUYASHA, which was highly anticipated by halls and fans. The planned number of 15,000
units (approximately 6,000 units recorded in the Q1) was largely in line with the plan. In addition, planned unit sales of three
titles for pachinko and one title for pachislot to be delivered in Q2 have also been completed.
In business domains other than new machine sales, operating revenues grew steadily to ¥541 million (up 72.5% YoY),
reflecting the growing need for measures to attract customers, such as web-based advertising accompanying the improvement
in hall operations.
As a result of the above, unit sales in PS business segment for the Q1 of the fiscal year under review were 11,000 units,
which was generally in line with the plan. The results for the Q1 were net sales of ¥4,858 million (down 76.6% YoY) and an
operating loss of ¥860 million (operating profit of ¥104 million for the same period of the previous fiscal year).
Quarterly sales of PS for the fiscal year ending March 31, 2023 are shown in Table 2 below.
[Table 2: PS quarterly sales titles for the year ending March 31, 2023]
H1

H2 (planned)

Q1

Q2

Q3

Q4

Pachinko―

Three titles

Two titles

Two titles

Pachislot

One title

One title

Two titles

Three titles

In PS business, we are planning to sell seven pachinko titles and seven pachislot titles in the fiscal year ending March 2023,
3

Consolidated Financial Results for the Three Months Ended June 30, 2022

and we plan to deliver three pachinko titles and two pachislot titles in the H1 of the fiscal year.

[Other]
The performance of other group companies progressed steadily in general.

(2) Consolidated earnings forecasts
As described below, each of our group’s business segments is making steady progress in accordance with the Company’s
initial plan, and the forecast for the fiscal year ending March 31, 2023 remains unchanged from the content announced on May
10, 2022.

Content and digital business segment
Full-year forecasts for TPC are as follows.
The domestic MD and license business is expected to continue contributing to merchandising and other activities throughthe ripple effect of the movie SHIN ULTRAMAN from the Q2 onward. The impact of this title, which has been seen by about
three million people, is expected to extend to the entire Ultraman brand. We also expect steady progress in sales ofmerchandise related to the latest TV series Ultraman Decker aimed at acquiring a children and family fanbase, and in otherconventional measures, such as various events.
In the Chinese market, we anticipate continued growth in the Q2 and beyond, based on the success of our long-standing
efforts to increase the value and awareness of Ultraman brand. The Ultraman Area within government-certified facility, theSHANGHAI HAICHANG OCEAN PARK, which was pre-opened in July this year, is under consideration, and we will continue
working to expand touch points to Ultraman brand. The impact of the worried lock-down in Shanghai is only temporary, andrelated merchandise business for China is expected to continue to grow further.
In the North American market, we will continue to conduct market research and prepare for the development of thisbusiness in light of the favorable response in Anime Expo 2022.
DF continues to make steady progress due to orders utilizing its CG and VFX video production technologies, and will
actively promote initiatives for new business domains such as metaverse as well as the video field.

PS business segment
In PS business, all of the three pachinko titles and one pachislot title scheduled to be delivered in the Q2 have been sold out
after receiving orders in excess of the planned number of units, and we are already working with allied manufacturers to
respond to additional orders in the Q3.
In the H2 of the fiscal year, we are planning four titles for pachinko and five titles for pachislot. Sales of all of theseproducts are steady, including the passing of inspections, procuring parts and materials, and preparing for manufacturing. In
conjunction with the significant upward trend in customer attraction in pachinko hall, sales are expected to exceed forecasts
for the planned number of units.
(Note 1) All figures in this report are based on our estimates.
(Note 2) Merchandise names in this report are trademarks or registered trademarks of each company.
(Note 3) The results of contents and digital and PS business segments are calculated by considering the elimination of intra-grouptransactions from the simple sum of the figures within the respective businesses.

4

Consolidated Financial Results for the Three Months Ended June 30, 2022

(3) Overview of financial position(Assets)
Current assets decreased by ¥13,797 million from the end of the previous fiscal year to ¥42,900 million. This was mainly due
to a decrease in cash and deposits and a decrease in trade receivables.
Property, plant and equipment decreased by ¥0 million from the end of the previous fiscal year to ¥4,538 million.
Intangible assets decreased by ¥65 million from the end of the previous fiscal year to ¥2,417 million. This was mainly due toa decrease in goodwill.
Investments and other assets increased by ¥762 million from the end of the previous fiscal year to ¥7,044 million. This was
mainly due to an increase in investments in capital and investment securities.
Consequently, assets decreased by ¥13,101 million from the end of the previous fiscal year to ¥56,899 million.
(Liabilities)
Current liabilities decreased by ¥11,819 million from the end of the previous fiscal year to ¥16,044 million. This was mainly
due to a decrease in trade payables.
Non-current liabilities decreased by ¥913 million from the end of the previous fiscal year to ¥9,671 million. This was mainly
due to a decrease in long-term borrowings.
Consequently, liabilities decreased by ¥12,733 million from the end of the previous fiscal year to ¥ 25,715 million.
(Net assets)
Net assets decreased by ¥367 million from the end of the previous fiscal year to ¥31,184 million. This was mainly due to adecrease in retained earnings.
(Analysis of cash flows)
Cash and cash equivalents (hereinafter referred to as “cash”) at the end of Q1 of the fiscal year under review decreased by¥7,624 million from the end of the previous fiscal year to ¥24,679 million.
(Cash flows from operating activities)
Net cash used in operating activities was ¥4,759 million (¥443 million used in the same period of the previous fiscal year).
This was mainly attributable to profit before income taxes of ¥285 million, a decrease in trade payables of ¥10,128 million, adecrease in trade receivables of ¥7,150 million, an increase in inventories of ¥1,334 million and income taxes payments of¥544 million.
(Cash flows from investing activities)
Net cash used in investing activities was ¥974 million (¥679 million used in the same period of the previous fiscal year). Thiswas mainly due to payments for investments in capital of ¥528 million and purchase of non-current assets of ¥223 million, andpurchase of investment securities of ¥200 million.
(Cash flows from financing activities)
Net cash used in financing activities was ¥1,891 million (¥1,368 million used in the same period of the previous fiscal year).
This was mainly due to repayments of long-term borrowings of ¥1,257 million and dividends paid of ¥622 million.

5

Consolidated Financial Results for the Three Months Ended June 30, 2022

2. Quarterly consolidated financial statements and important notes(1) Quarterly consolidated balance sheets

Previous consolidated
fiscal year
(as of March 31, 2022)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Merchandising rights
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade(Unit: Millions of yen)
Q1of current consolidated
fiscal year
(as of June 30, 2022)

32,404
12,690
708
388
2,874
1,831
3,207
2,615
(23)

24,779
5,446
801
1,149
3,305
1,718
3,463
2,262
(27)

56,69842,900

1,922
2,615

1,922
2,615

4,538

4,538

1,623
859

1,559
857

2,482

2,417

1,429
215
4,965
(328)

1,709
238
5,423
(327)

6,282

7,044

13,303

13,99970,001

56,89913,1282,982

Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Other

1,202
5,030
608
291
46
7,556

1,202
4,693
89
152
6,923

Total current liabilities

27,864

16,044Non-current liabilities
Long-term borrowings
Retirement benefit liability
Asset retirement obligations
Other

6,530
809
800
2,444

5,609
829
801
2,431

Total non-current liabilities

10,584

9,671

38,44925,715

Total liabilities

6Consolidated Financial Results for the Three Months Ended June 30, 2022

(Unit: Millions of yen)
Q1of current consolidated
fiscal year
(as of June 30, 2022)

Previous consolidated
fiscal year
(as of March 31, 2022)
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares

7,948
7,576
16,771(1,946)

7,948
7,576
15,915(1,946)30,34929,493

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans

18
1
3

22
2
2

Total accumulated other comprehensive income

23

28

28

33

Total shareholders’ equity

Share acquisition rights
Non-controlling interests

1,150

1,629

Total net assets

31,551

31,18470,001

56,899Total liabilities and net assets

7

Consolidated Financial Results for the Three Months Ended June 30, 2022

(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
Q1 of the year ending March 31, 2023
Q1 of previous consolidated
fiscal year
(April 1, 2021 to June 30, 2021)(Unit: Millions of yen)
Q1 of current consolidated
fiscal year
(April 1, 2022 to June 30, 2022)

Net sales
Cost of sales

22,93019,551

8,243
4,966

Gross profit

3,378

3,277

Selling, general and administrative expenses

3,000

3,090

Operating profit (loss)

378

186

Non-operating income
Interest income
Dividend income
Purchase discounts
Share of profit of entities accounted for using equity method
Other

0
1
139
29
36

0
2
17
66
55

207

141

22
2
2

23
12

Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses

27

36

559

291

Extraordinary income
Gain on sale of non-current assets-

0

Total Extraordinary income

-

0

0
0
27

0
7
-

Total extraordinary losses

28

7Profit (loss) before income taxes

530

285

Income taxes

83

16

Profit (loss)

446

269

Profit (loss) attributable to non-controlling interests

108

478

Profit (loss) attributable to owners of parent

338

(209)

Ordinary profit (loss)

Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of membership
Loss on litigation
Losses from coronavirus disease (COVID-19)

8

Consolidated Financial Results for the Three Months Ended June 30, 2022

Quarterly consolidated statements of comprehensive income
Q1 of the year ending March 31, 2022
Q1 of previous consolidated
fiscal year
(April 1, 2021 to June 30, 2021)(Unit: Millions of yen)
Q1 of current consolidated
fiscal year
(April 1, 2022 to June 30, 2022)

446

269

72
0
(2)

4
0
(0)

70

5

Comprehensive income

517

274

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

409
108

(204)
478

Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income

9Consolidated Financial Results for the Three Months Ended June 30, 2022

(3) Quarterly consolidated statements of cash flows(Unit: Millions of yen)
Q1 of previous consolidated
fiscal year

Q1 of current consolidated
fiscal year

(April 1, 2021 to June 30, 2021)(April 1, 2022 to June 30, 2022)

530
177
63

285
175
63

(3)

2

(141)

(139)

(14)

(46)

8
(2)

19
(2)

(29)

(66)

22
(979)
(640)
718

23
7,150
(1,334)(10,128)

(225)

(463)

Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for bonuses for
directors (and other officers)
Increase (decrease) in retirement benefit liability
Interest and dividend income
Share of loss (profit) of entities accounted for using
equity method
Interest expenses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase/decrease in consumption taxes
payable/consumption taxes refund receivable
Other, net

257

266

Subtotal(257)(4,193)

Interest and dividends received
Interest paid
Income taxes refund (paid)

3
(22)
(166)

2
(23)
(544)

Net cash provided by (used in) operating activities(443)(4,759)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 sale of investment securities
Payments for investments in capital
Loan advances
Proceeds from collection of loans receivable

(90)
(44)
(15)
18
(543)
23

(173)
0
(50)
(200)
15
(528)
(33)
1

Other, net

(27)

(7)

Net cash provided by (used in) investing activities

(679)

(974)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Dividends paid
Other, net(20)(1,024)(313)(10)(1,257)(622)(11)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents(1,368)(1,891)00(2,491)(7,624)

Cash and cash equivalents at beginning of year
Increase in cash and cash equivalents resulting from
inclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period

24,51032,30414-

22,033

24,67910

Consolidated Financial Results for the Three Months Ended June 30, 2022

(4) Notes regarding the quarterly consolidated financial statements(Notes regarding the operation of the company as a going concern)
Not applicable.
(Notes regarding occurrence of significant change in amount of shareholders’ equity)
Not applicable.
(Application of the accounting method specific to quarterly consolidated financial statements)
Calculation of tax expenses
Tax expenses are calculated by multiplying profit before income taxes by a reasonably estimated effective tax rate after theapplication of tax effect accounting to profit before income taxes for the fiscal year, including the first quarter of the fiscal year
under review.
(Changes in accounting policies)
The Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, June 17, 2021)
has been applied from the beginning of Q1 of the current fiscal year, and the new accounting policy stipulated by the
Implementation Guidance on Accounting Standard for Fair Value Measurement will be applied in the future in accordance withthe transitional treatment stipulated in paragraph 27-2 of the Implementation Guidance on Accounting Standard for Fair Value
Measurement. There is no impact on the quarterly consolidated financial statements.

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