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.

May 13, 2022

Summary of Consolidated Financial Results
for the Second Quarter Ended September 30, 2022
(Based on Japanese GAAP)
Company name:Open House Group Co., Ltd.

Listing:

Tokyo Stock Exchange

Securities code:

3288

URL:

https://openhouse-group.co.jp/ir

Representative:

Masaaki Arai, President and CEO

Inquiries:

Kotaro Wakatabi, Senior Managing Director and CFO

Scheduled date to file quarterly securities report:

May 13, 2022

Scheduled starting date of dividend payments:

June 10, 2022

Supplementary material on quarterly financial results: Yes
Quarterly financial results briefing:

Yes (for institutional investors and analysts, in Japanese)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2022
(October 1, 2021 to March 31, 2022)(1) Consolidated operating results (cumulative)
Net sales(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Six months ended

Millions ofyen

March 31, 2022

455,41125.1

59,99844.2

61,62751.4

39,53020.7

March 31, 2021

363,945

39.0

41,61453.9

40,69956.0

32,751

80.6% Millions of yen% Millions of yen

Note: Comprehensive income For the six months ended March 31, 2022:
For the six months ended March 31, 2021:
Basic earnings
per share% Millions of yen¥ 46,688 million¥ 34,019 million%[37.2%][85.2%]

Diluted earnings
per share

Six months endedYen

Yen

March 31, 2022

313.40312.57

March 31, 2021

260.24259.15(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Millions of yen

Millions of yen%March 31, 2022

954,723

385,138

34.5

September 30, 2021

879,913347,143

33.4

Reference: Equity

As of March 31, 2022:¥ 329,366 million
As of September 30, 2021: ¥ 293,809 million|1
Open House Group Co., Ltd. (3288)

2.

Cash dividends
Annual dividends per share
1Q-end2Q-endYen

3Q-endYen

FY 2021－50.00FY 2022－62.00FY 2022 (Forecast)Year-end
Yen

Total
Yen

Yen－

62.00

112.00－62.00124.00Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of Consolidated Operating Results for FY2022 (October 1, 2021 to September 30,2022)

Revenue
Millions of yen

Full year

935,000

Operating income% Millions of yen

15.4

116,000(% indicate year-on-year changes)
Basic
Profit attributable toearnings
owners of parent
per share

Ordinary income%

Millions of yen%

Millions of yen%

Yen

14.7

115,000

17.8

75,7008.8600.15

Note: Revision to the forecast of consolidated results most recently announced: Yes|2
Open House Group Co., Ltd. (3288)

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change inscope of consolidation): None
(2) Adoption of accounting treatment 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: 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 March 31, 2022

126,284,700 shares

As of September 30, 2021

126,117,000 shares

Number of treasury shares at the end of the period
As of March 31, 2022

3,441 shares

As of September 30, 2021

3,441 shares

Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended March 31, 2022

126,135,144 shares

Six months ended March 31, 2021

125,848,102 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or anaudit corporation.
* Proper use of earnings forecasts, and other special matters
Consolidated business forecasts are based on assumptions from information available to management at the time of
disclosure and those deemed to be reasonable. Actual results may differ significantly from forecast due to various
unpredictable reasons.

|3Open House Group Co., Ltd. (3288)

Consolidated Financial Statements
1) Consolidated Balance Sheets(Millions of yen)
End of FY2021(as of September 30, 2021)
AssetsCurrent assets
Cash and deposits
Trade accounts receivable and Contract assets
Real estate for sale
Real estate for sale in process
Operating loans
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Trade accounts payable
Electronically recorded obligations - operating
Short-term borrowings
Current portion of bonds payable
Current portion of long-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive incomeValuationdifferenceonavailable-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

End of FY 2022 2Q(as of March 31, 2022)

337,731
1,929
90,402
337,726
36,87826,421(362)
830,727

375,7103,446
79,833396,277
33,078
17,841(373)
905,814

21,297
3,031
24,85649,185879,913

21,8783,005
24,026
48,909954,723

1,166
20,8504,713
104,684242
57,142
18,2394,695
44,503
256,237

1,226
26,945
7,187127,654
242
52,124
17,8904,830
42,844
280,946

10,605
264,502
257
311
150
705
276,532
532,769

10,484
276,987
284
329
205
348
288,639569,585

19,93929,068244,248(0)
293,256

20,07029,132
276,054(0)
325,256

12

12

540
552
551
52,782
347,143879,913

4,096
4,109
412
55,360385,138
954,723|4
Open House Group Co., Ltd. (3288)

2)

Consolidated Quarterly Statements of Income and Consolidated Quarterly Statements of Comprehensive
IncomeConsolidated Quarterly Statements of IncomeNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income from buildings
Foreign exchange gains
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Commission expenses
Loss on valuation of investment securities
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on step acquisitions
Loss on sale of shares of subsidiaries and associates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

Six months ended
March 31, 2021
(from October 1, 2020 toMarch 31, 2021)
363,945
298,101
65,84324,22941,614(Millions of yen)Six months ended
March 31, 2022
(from October 1, 2021 toMarch 31, 2022)
455,411363,819
91,592
31,59359,998

1111
70-62
1,656
69
999

1,448

495

541
2,082

425
3,709

1,371
321
908
396
2,997
40,699

1,704
257
118
2,081
61,627

15,475
15,475-

11,095
11,09545,07912,48332,596(155)
32,751

119
119
61,507
18,377
43,1293,598
39,530|5Open House Group Co., Ltd. (3288)

Consolidated Quarterly Statements of Comprehensive Income

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests

Six months ended
March 31, 2021
(from October 1, 2020 toMarch 31, 2021)
32,596(Millions of yen)Six months ended
March 31, 2022
(from October 1, 2021 toMarch 31, 2022)
43,129

2
1,416

0
3,548

3

10

1,423
34,0193,559
46,68834,17843,093

(158)

3,595

|6
Open House Group Co., Ltd. (3288)

Consolidated Quarterly Statements of Cash Flows(Millions of yen)Six months ended
March 31, 2022
(from October 1, 2021 toMarch 31, 2022)

Six months ended
March 31, 2021
(from October 1, 2020 toMarch 31, 2021)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Increase (decrease) in provisions
Interest and dividend income
Foreign exchange losses (gains)Share of loss (profit) of entities accounted for using
equity method
Gain on bargain purchase
Interest expenses
Loss (gain) on valuation of investment securities
Loss (gain) on step acquisitions
Loss (gain) on sale of shares of subsidiaries andassociates
Decrease (increase) in trade receivablesDecrease (increase) in inventories
Decrease (increase) in advance payments to suppliers
Increase (decrease) in trade payables
Decrease (increase) in operating loans receivable
Increase (decrease) in advances received
Increase (decrease) in guarantee deposits received
Increase (decrease) in deposits received
Other, net
SubtotalInterest and dividends received
Dividends received from entities accounted for using
equity method
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
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 redemption of investment securities
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guarantee
deposits
Proceeds from purchase of shares of subsidiaries
resulting in change in scope of consolidation
Payments for investments in capital of subsidiaries andassociates
Repayment from investment in capital of subsidiaries
and affiliates
Purchase of shares of subsidiaries and associates
Proceeds from sale of shares of subsidiaries andassociates
Other, net
Net cash provided by (used in) investing activities

45,079
378
20
20
562
(22)
(167)

61,507673
1118
162(1,719)(121)(1,448)(495)(15,475)
1,371
908
11,095

1,704
-

-

119

(48)
(7,715)
(845)
6,970
1,479
3,466
325
(5,328)(869)
39,75818(1,451)(43,886)(2,407)
8,634
3,800
4,519
252
(5,044)(2,824)23,453
1,719

-

207

(1,375)(6,654)
31,746(1,677)(12,001)
11,701(1,051)46(164)(6,019)54(794)229(961)(1,818)24(225)
(452)
(357)
4,532
(1,103)64

236

35,256-(1,321)(1,553)

-

2,419

(304)

--

16

217
25,250126
1,844|7Open House Group Co., Ltd. (3288)

(Millions of yen)Six months ended
March 31, 2022
(from October 1, 2021 toMarch 31, 2022)

Six months ended
March 31, 2021
(from October 1, 2020 toMarch 31, 2021)
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowingsRepayments of long-term borrowings
Redemption of bonds
Proceeds from exercise of employee share options
Repayments to non-controlling shareholders
Proceeds from share issuance to non-controllingshareholders
Dividends paid
Dividends paid to non-controlling interests
Other, net
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
Cash and cash equivalents at beginning of period
Increase (decrease) in cash and cash equivalents resulting
from change in scope of consolidation
Cash and cash equivalents at end of period

151,917(122,722)
68,486(58,326)
(121)
58
-

104,026(109,013)
125,798(90,383)(121)
98(1,177)-557(5,032)
34,258(7,819)(595)
38
21,410981

2,294

92,236219,218

37,250334,506

199

728

311,654372,485|8Open House Group Co., Ltd. (3288)

3)

Notes to Consolidated Quarterly Financial Statements(Notes on Going Concern Assumptions)Not applicable(Notes on significant changes in the amount of shareholders’ equity)
Not applicable(Changes in significant subsidiaries during the period)From the second quarter of this fiscal year, 10 companies including Open House Co., Ltd. were included in thescope of consolidation.
(Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements)
Tax expenses were calculated by multiplying income before income taxes by an effective tax rate that wasreasonably estimated by applying tax effect accounting to estimated profit before income taxes for the fiscal year
ended September 2022 including the first quarter. However, in case where calculation tax expenses using theestimated effective tax rate would result in a significant lack of rationally, Tax expenses were calculated by taking
into account significant additions and subtractions and tax deduction items.

|9Open House Group Co., Ltd. (3288)

(Segment and Other Information)【Segment Information】
Ⅰ.
1.

Six months ended March 31, 2021 (October 1, 2020 to March 31, 2021)
Information on revenue, income or loss, and other items by reportable segment（Millions of yen）
Reportable Segment
Single-family
Condominiums
homes related

Revenue
Revenue from outside
customers
Intersegment revenueand transfers
TotalSegment Income (loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

Amount Recorded in
Adjustment consolidated quarterly(Note1)statements of Income(Note2)

235,203

4,172

55,563

19,51349,491

363,945－363,945－

471

26

115

0

613

(613)

－

235,203
32,9104,644(816)55,5896,125

19,6292,117

49,492
2,160

364,558
42,497

(613)
(883)

363,945
41,614(NOTE)
1. Adjustment of ¥ (883) million for segment income (loss) includes intersegment elimination of ¥ 149
million and corporate expenses of ¥ (1,032) million that is not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment income (loss) has been adjusted to operating income described in consolidated quarterly
statements of income.

| 10Open House Group Co., Ltd. (3288)

Ⅱ.
1.

Six months ended March 31, 2021 (October 1, 2021 to March 31, 2022)
Information on revenue, income or loss, and other items by reportable segment（Millions of yen）
Adjustment(Note1)

AmountRecorded inconsolidated
quarterlystatements ofIncome (Note2)

Reportable Segment
Single-family
Condominiums
homes related
Revenue
Revenue fromcontracts withcustomers
Other revenue
Revenue
Revenue from outside
customers
Intersegment revenueand transfers
Total
Segment Income (Loss)

Property
resaleOthers

PRESSANCECORPORATION

Total

259,698

11,46757,922

34,59064,29827,9772

27,9801,073－

17,222

1,606

7,528

27,431－

27,431

260,771

11,46775,14536,197

71,827455,4092

455,411

－

－

1,060

80

－

1,140

(1,140)－260,771
35,953

11,467419

76,2059,130

36,277
4,564

71,827
10,985456,550
61,053(1,138)(1,055)455,41159,998(NOTE)
1. Adjustment of ¥ (1,055) million for segment income (loss) includes intersegment elimination of ¥ (415)million and corporate expenses of ¥ (641) million that is not distributed to the reportable segments.
Corporate expenses are primarily general and administrative expenses that do not belong to thereportable segments.
2. Segment income (loss) has been adjusted to operating income described in consolidated quarterly
statements of income.
2.

Notes relating to changes in reportable segments etc.
The breakdown of Revenue from Contracts with Customers for the second quarter of the previous fiscal
year is not indicated in accordance with transitional measures specified in “Accounting Standard for
Quarterly Financial Reporting” (ASBJ Statement No.12, March 31, 2020) Paragraph 28-15.

| 11Open House Group Co., Ltd. (3288)

(Significant subsequent events)(Acquisition and cancellation of treasury shares)
At a Board of Directors meeting held on May 13, 2022, the Company made a resolution of acquisition andcancellation of treasury shares in accordance with Article 156 of the Companies Act, applied following the deemed
replacement of terms pursuant to the provisions of Article 165, paragraph 3 of the same Act, and also resolved tocancel treasury shares in accordance with Article 178 of the Companies Act.
1.

Reasons for the acquisition of treasury shares
The Company will acquire and cancel treasury shares for the purpose of exercising agile management ofcapital policy and further enhancing shareholder value.

2.

Details of Acquisition(1) Type of shares to be acquired

Common shares(2) Total number of shares to be acquired

7,500,000 shares (maximum)(5.94% of total number of shares outstanding)(3) Total amount for share acquisition¥ 30 billion (maximum)(4) Acquisition period

May 16, 2022 to September 30, 2022

(5) Acquisition method(i) Open market purchases on the Tokyo Stock Exchange(ii) Purchases through Off-Auction Own Share Repurchase
Trading (ToSTNeT-3) of the Tokyo Stock Exchange

3.

Details of Cancellation(1) Type of shares to be cancelled

Common shares(2) Number of shares to be cancelled

All shares acquired(3) Scheduled date of cancellation

September 30, 2022

| 12Open House Group Co., Ltd. (3288)