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, 2022

Consolidated Financial Results
for the Fiscal Year Ended December 31, 2021
(Under Japanese GAAP)
Company name: Renewable Japan Co., Ltd.
Listing:
Tokyo Stock Exchange, Mothers
Securities code:
9522
URL:
https://www.rn-j.com/en/
Representative:
Katsuhito Manabe, President and representative director
Inquiries:
Eishin Ikeda, Corporate Officer and General Manager of Finance and Accounting Division
Telephone:+81-3-6670-6644
Scheduled date of annual general meeting of shareholders:March 31, 2022
Scheduled date to commence dividend payments:
Scheduled date to file annual securities report:
March 31, 2022
Preparation of supplementary material on financial results:
Yes (Japanese only)
Holding of financial results briefing:
Yes (for institutional investors and analysts)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended December 31, 2021
(from January 1, 2021 to December 31, 2021)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

December 31, 2021

15,950(28.4)

2,229

33.3

990

35.4

529

14.5

December 31, 2020

22,276

8.1

1,673

67.8

731

131.7

462

85.0

Note:

Comprehensive income

For the fiscal year ended December 31, 2021: 587 million yen
For the fiscal year ended December 31, 2020: 498 million yen

Basic earnings
per share
Fiscal year ended

Diluted earnings
per share

Return on equity[17.8%][80.0%]

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales

Yen

Yen%%%

December 31, 2021

20.47

19.28

6.4

1.1

14.0

December 31, 2020

19.20

-

9.3

1.2

7.5

Reference:
Notes:

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended December 31, 2021: 0 million yen
For the fiscal year ended December 31, 2020: 0 million yen
1. Diluted earnings per share for the fiscal year ended December 31, 2020 are not indicated as the Company was not listed
and it is thus impossible to grasp its average share price during the period, although potential shares exist.
2. As the Company was listed on the Tokyo Stock Exchange Mothers Market on December 22, 2021, diluted earnings per
share for the fiscal year ended December 31, 2021 were calculated by using the average share price for the period fromthe date of listing to the end of the current fiscal year, as the average share price during the period.

(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

December 31, 2021

119,766

14,0978.9

374.03

December 31, 2020

63,3926,315

9.3

227.65Reference:

Shareholders’ equity
As of December 31, 2021:
As of December 31, 2020:

10,630 million yen
5,876 million yen(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended

Cash flows frominvesting activities

Cash and cash
equivalents at end ofperiod

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

December 31, 2021

(18,607)(4,024)28,742

18,159December 31, 2020

(6,729)(1,323)

7,972

12,056

2. Cash dividends
Annual dividends per share
First
SecondThird
quarter-end quarter-end quarter-end
Fiscal year ended
December 31, 2020
Fiscal year ended
December 31, 2021
Fiscal year ending
December 31, 2022
(Forecast)

Note:

Fiscalyear-end

Ratio ofPayout ratio dividends to(Consolidated) net assets(Consolidated)

Total cash
dividends(Total)TotalYen

Yen

YenYenYen Millions of yen%

%

-

0.00

-

0.00

0.00

----

0.00

-

0.00

0.00

----

0.00

-

0.00

0.00

-

Changes from the latest released dividend forecasts: None

3. Forecast of consolidated financial results for the fiscal year ending December 31, 2022
(from January 1, 2022 to December 31, 2022)(Percentages indicate year-on-year changes.)
Net sales
Full year

Note:

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millionsof yen%

Millionsof yen%

Millionsof yen%

Millions ofyen%

18,80017.9

2,90030.1

1,400

41.3

600

13.2

Basic earnings
per share
Yen

21.11

Changes from the latest released performance forecasts: None
As the Company manages its operations on an annual basis, consolidated earnings forecasts for the first six months areomitted.

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
Newly included: - companies
Excluded:- companies(2) 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
(3) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2021

28,420,910 shares

As of December 31, 2020

25,812,000 shares

(ii) Number of treasury shares at the end of the period
As of December 31, 2021

-shares

As of December 31, 2020

-shares(iii) Average number of shares outstanding during the period
Fiscal year ended December 31, 2021

25,890,562 sharesFiscal year ended December 31, 2020

24,097,479 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters
Any statement on the future such as an outlook for financial results included in this material is based on
information the Company presently has and certain assumptions the Company considers reasonable, and theCompany does not promise such will be achieved. In addition, actual financial results may significantly differ
due to various factors.