August 25,2023
To whom it may concern
Company Name: Avant Group Corporation
Name of Representative: Tetsuji Morikawa, Presidentand Group CEO(Code: 3836, TSE Prime Market)
Inquiries: Naoyoshi Kasuga, Director and Group CFO(TEL: 03-6388-6739)(Corrections and corrections of numerical data): Partial Corrections and Numerical Data (XBRL) in the"Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 " and"Financial Results Briefing for the Fiscal Year ended June 2023"

Avant Group Corporation (the “Company”) is re-submitting the corrected XBRL data for the disclosure
document published on 4 August 2023 (JST), as the following corrections have been made.
No corrections have been made to the Summary Information (XBRL).

1.

Reason for corrections
Following the publication of the "Consolidated Summary Report under Japanese GAAP for the Fiscal
Year ended June 30, 2023 " and "Financial Results Briefing for the Fiscal Year ended June2023"announced on August 4, 2023”, it was found that there were some errors in the contents, andcorrections have been made.

2.

Details of corrections
Corrections are underlined.

―1―Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 Page 4(i) Orders Received【Before corrections】(i) Orders Received(millions of yen, rounded down to the nearest unit)
Fiscal Year ended
June 30, 2022

Group GovernanceBusinesses
Digital Transformation
Business
Outsourcing BusinessElimination of inter-segment
transactions
Total

Fiscal Year ended June30, 2023

Year on Year Change
AmountOrders
Received

Outstanding
OrdersOrders
Received

Orders
Received

Outstanding Orders

Orders
Received

10,155

3,132

10,301

3,400

145

267

6,902

1,131

9,060

1,810

2,158

679

3,751

2,164

4,039

2,448

288

283

(797)

(357)

(688)

(300)

108

57

20,012

6,070

22,713

7,359

2,700

1,288

【After corrections】(i) Orders Received(millions of yen, rounded down to the nearest unit)
Fiscal Year ended
June 30, 2022

Fiscal Year ended June30, 2023

Year on Year Change
AmountOrders
Received

Outstanding
OrdersOrders
Received

Orders
Received

Outstanding Orders

Orders
Received

10,155

3,132

9,839

2,938

(316)

(193)

6,902

1,131

9,208

1,957

2,305

826

Outsourcing Business

3,751

2,164

4,0162,425

264

260

Elimination of inter-segment
transactions

(797)

(357)

(688)

(300)

108

57

Total

20,012

6,070

22,375

7,021

2,362

950

Group GovernanceBusinesses
Digital Transformation
Business

Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 Page 6(2) Discussion on Financial Position for the Fiscal Year under Review【Before corrections】
a 110 million yen increase in accounts payable【After corrections】
a 120 million yen increase in accounts payable―2―

Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 Page 93. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheets【Before corrections】(Thousands of yen)
As of June 30, 2022

As of June 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade
Lease liabilities

662,316
12,428634,758
12,257

Accounts payable - other, and accrued expenses
Income taxes payable

392,568
586,626

503,111354,192

Contract liabilities
Asset retirement obligations

2,355,344
15,606

2,796,086－Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for loss on orders received
Provision for compensation for damage

1,050,315

1,038,329

170,813

172,380

17,743－61,594
9,596

556,718

539,8125,820,483

6,122,119

18,324
180,576

6,039
210,900－

38,016

Other
Total current liabilities
Non-current liabilities
Lease liabilities
Asset retirement obligations
Deferred tax liabilities
Total non-current liabilities

198,900

254,956

6,019,383

6,377,076

329,128
265,928

345,113
281,913Retained earnings
Treasury shares

9,872,031(608)

11,477,458(608)

Total shareholders' equity10,466,479

12,103,876

103,126

183,925

236
27,820302
40,411

131,183

224,639

10,597,663

12,328,516

16,617,046

18,705,593

Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus

Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets―3―【After corrections】(Thousands of yen)
As of June 30, 2022

As of June 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade
Lease liabilities

662,316
12,428634,758
12,257

Accounts payable - other, and accrued expenses
Income taxes payable

392,568
586,626

512,708
354,192

Contract liabilities
Asset retirement obligations

2,355,344
15,606

2,796,086－Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for loss on orders received

1,050,315

1,038,329

170,813

172,380

17,74361,594

Other556,718

539,8125,820,483

6,122,119

18,324

6,039

Asset retirement obligations
Deferred tax liabilities

180,576－

210,900
38,016

Total non-current liabilities

198,900

254,956

6,019,383

6,377,076

Shareholders' equity
Share capital

329,128

345,113

Capital surplus
Retained earnings

265,928
9,872,031

281,913
11,477,458

(608)

(608)

10,466,479

12,103,876

103,126

183,925

Total current liabilities
Non-current liabilities
Lease liabilities

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeTotal net assets
Total liabilities and net assets―4―236302

27,82040,411

131,183

224,639

10,597,663

12,328,516

16,617,046

18,705,593

Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 Page 11
3. Consolidated Financial Statements and Notes(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income【Before corrections】

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Remuneration for directors (and other officers)
Employees' salaries and bonuses
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Legal welfare expenses
Outsourcing expenses
Rent expenses on land and buildings
Utilities expenses
Commission expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on investments in investment partnerships
Subsidy income
Other
Total non-operating income
Non-operating expenses
Provision for loss on compensation for damage
Interest expenses
Share of loss of entities accounted for using equity
methodLoss on investments in investment partnerships
Commission expenses
Foreign exchange losses
Share issuance costs
Compensation for damage
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests―5―

Fiscal year ended
June 30, 2022
(From July 1, 2021
to June 30, 2022)
18,703,387
9,782,137
8,921,250(Thousands of yen)
Fiscal year ended
June 30, 2023
(From July 1, 2022
to June 30, 2023)
21,424,584
12,028,711
9,395,873

356,348
1,527,471
1,047,472

396,002
1,598,420
1,047,155

170,813

173,579

224,193
55,071
239,805
81,375615,796
263,488382,473
709,749
5,674,060
3,247,189

246,204
76,652
231,184
84,138746,590
269,179
375,674
861,698
6,106,482
3,289,390

240
6,563
9,043
2,127
1,102
19,07796
10,192
7,386
531
4,559
22,766

－
742

9,596
485

269,244

－

－
5,682
695
281
－
647
277,2942,988,973

11,975
5,791
4,426
228
13,377289
46,1723,265,983－－
2,988,973
1,186,181(242,241)
943,939
2,045,033－

186,613
186,6133,079,370
1,009,937(25,087)
984,850
2,094,520－

Fiscal year ended
June 30, 2022
(From July 1, 2021
to June 30, 2022)
2,045,033

Profit attributable to owners of parent―6―(Thousands of yen)
Fiscal year ended
June 30, 2023
(From July 1, 2022
to June 30, 2023)
2,094,520

【After corrections】

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Remuneration for directors (and other officers)
Employees' salaries and bonuses
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Legal welfare expenses
Outsourcing expenses
Rent expenses on land and buildings
Utilities expenses
Commission expenses
Depreciation
Research and development expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on investments in investment partnerships
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodLoss on investments in investment partnerships
Commission expenses
Foreign exchange losses
Share issuance costs
Compensation for damage
Other
Total non-operating expenses
Ordinary profit
Extraordinary losses
Impairment losses
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interestsProfit attributable to owners of parent―7―

Fiscal year ended
June 30, 2022
(From July 1, 2021
to June 30, 2022)
18,703,387
9,782,137
8,921,250(Thousands of yen)
Fiscal year ended
June 30, 2023
(From July 1, 2022
to June 30, 2023)
21,424,584
12,028,711
9,395,873

356,348
1,527,471
1,047,472

396,002
1,598,420
1,047,155

170,813

173,579

224,193
55,071
239,805
81,375615,796
263,488382,473
709,749
5,674,060
3,247,189

246,204
76,652
231,184
84,138746,590
269,179
375,674861,698
6,106,482
3,289,390

240
6,563
9,043
2,127
1,102
19,07796
10,192
7,386
531
4,559
22,766742

485

269,244

－

－
5,682
695
281
－
647
277,2942,988,973

11,975
15,3884,426
228
13,377289
46,1723,265,983－－
2,988,973
1,186,181(242,241)
943,939
2,045,033－
2,045,033

186,613
186,6133,079,370
1,009,937(25,087)
984,850
2,094,520－
2,094,520

Consolidated Summary Report under Japanese GAAP for the Fiscal Year ended June 30, 2023 Page 15
3. Consolidated Financial Statements and Notes(4) Consolidated Statements of Cash Flows【Before corrections】(Thousands of yen)
Fiscal year ended
June 30, 2023
(From July 1, 2022
to June 30, 2023)

Fiscal year ended
June 30, 2022
(From July 1, 2021
to June 30, 2022)
Cash flows from operating activities
Profit before income taxes

2,988,973

3,079,370

Depreciation
Impairment losses

349,494－449,223
186,613

Share-based payment expenses
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 provision for loss on orders
received
Interest and dividend income
Interest expenses

16,64020,262260(63)273,579(11,986)

44,311

8,190

17,66943,850(6,804)742(10,288)
485

5,682
281

5,791
228

－

13,377269,244－(9,043)

4,589

－

9,596

(2,127)(531)(258,725)

61,014(38,948)
4,913(25,368)(279,472)

202,862(27,558)

105,245(128,220)105,396
26,613(51,169)
440,741

Increase (decrease) in deposits received
Other, net22,829(175,457)

35,591(85,749)

Subtotal

Commission expenses
Share issuance costs
Compensation for damage
Share of loss (profit) of entities accounted forusing equity method
Loss (gain) on investments in investment
partnerships
Increase (decrease) in provision for compensation
for damage
Subsidy income
Decrease (increase) in notes and accounts
receivable trade and contract assets
Decrease (increase) in inventories
Decrease (increase) in prepaid expenses
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other,and accrued expenses
Increase (decrease) in accrued consumption taxes
Increase (decrease) in contract liabilities

3,943,635

3,738,519

Interest and dividends received
Interest paid

6,804(742)

10,480(485)Compensation paid for damage
Subsidies received－2,127(13,377)
531

Income taxes paid

(925,207)(1,560,275)

Net cash provided by (used in) operating activities

3,026,616

2,175,390―8―

【After corrections】(Thousands of yen)
Fiscal year ended
June 30, 2023
(From July 1, 2022
to June 30, 2023)

Fiscal year ended
June 30, 2022
(From July 1, 2021
to June 30, 2022)
Cash flows from operating activities
Profit before income taxes

2,988,973

3,079,370

Depreciation
Impairment losses

349,494－449,223
186,613

Share-based payment expenses
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 provision for loss on orders
received
Interest and dividend income
Interest expenses

16,64020,262260(63)

273,579(11,986)

44,311

8,190

17,66943,850(6,804)742(10,288)
485

5,682
281

15,388228－

13,377269,244－(9,043)

4,589(2,127)(531)(258,725)

61,014(38,948)
4,913(25,368)(279,472)

Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other,and accrued expenses
Increase (decrease) in accrued consumption taxes

202,862(27,558)

105,245(118,623)

105,396(51,169)

Increase (decrease) in contract liabilities
Increase (decrease) in deposits received

26,613
22,829440,741
35,591Other, net(175,457)(95,345)

Subtotal

Commission expenses
Share issuance costs
Compensation for damage
Share of loss (profit) of entities accounted forusing equity method
Loss (gain) on investments in investment
partnerships
Subsidy income
Decrease (increase) in notes and accounts
receivable trade and contract assets
Decrease (increase) in inventories
Decrease (increase) in prepaid expenses

3,943,635

3,738,519

Interest and dividends received
Interest paid

6,804(742)

10,480(485)

Compensation paid for damage
Subsidies received－2,127(13,377)
531

Income taxes paid

(925,207)(1,560,275)

Net cash provided by (used in) operating activities

3,026,616

2,175,390―9―

Financial Results Briefing for the Fiscal Year ended June 2023 Page 7【Before corrections】【After corrections】

Ends―10―