For Immediate Release(This is an English translation of the Japanese original.)

Consolidated Financial Results
for the Six Months Ended February 28, 2023
[Japanese GAAP]
April 14, 2023
Company name: SANEI ARCHITECTURE PLANNING CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 3228
URL: https://www.san-a.com
Representative: Manabu Koike, President and CEO, Representative Director
Contact: Tsuyoshi Hasebe, Executive Officer, General Manager of Administration Division
Phone: +81-3-5381-3201
Scheduled date of filing quarterly securities report: April 14, 2023
Scheduled date of commencing dividend payments: May 31, 2023
Availability of supplementary briefing material on quarterly financial results: Available
Schedule of quarterly financial results briefing session: Scheduled (for securities analysts and institutional investors)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended February 28, 2023 (September 1, 2022 to February
28, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Six months ended
Million yen%
Million yen%
Million yen%
Million yen%February 28, 2023
62,2990.4
3,689(30.8)
3,134(48.8)
1,364(65.1)
February 28, 2022
62,076
11.8
5,332
31.7
6,127
42.3
3,909
46.6
(Note) Comprehensive income: Six months ended February 28, 2023: ¥1,559 million [(64.4)%]
Six months ended February 28, 2022: ¥4,382 million [42.7%]
Basic profit per
share

Six months ended
February 28, 2023
February 28, 2022

Diluted profit
per shareYenYen64.29
184.28153.20(2) Consolidated Financial Position
Total assets
Million yen

Net assets

Equity ratio

Million yen%

61,289As of February 28, 2023
162,987
60,572As of August 31, 2022
153,094(Reference) Equity: As of February 28, 2023: ¥58,201 million
As of August 31, 2022: ¥57,659 million

35.7
37.7

2. Dividends
Annual dividends
1st2nd3rdYear-endquarter-end quarter-end quarter-end
Yen

Yen

Yen

Total

Yen

Fiscal year ended
37.50
37.50
August 31, 2022
Fiscal year ending
37.50
August 31, 2023
Fiscal year endingAugust 31, 2023
37.50
(Forecast)(Note) Revision to the forecast for dividends announced most recently: NoYen

75.00

75.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending August 31, 2023 (September 1, 2022 toAugust 31, 2023)(% indicates changes from the previous corresponding period.)
Net sales
Million yen%

Operating profit

Ordinary profit

Million yen

Million yen%

Profit attributableto owners of parent% Million yen

Full year
150,000
7.9
11,163 (13.4)
10,500 (22.4)(Note) Revision to the financial results forecast announced most recently: No

6,817

Basic profit pershare%Yen(16.0)

321.32* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): No(2) Adoption of accounting methods specific to the preparation of quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):February 28, 2023: 21,217,600 shares
August 31, 2022: 21,217,600 shares2) Total number of treasury shares at the end of the period:
February 28, 2023: 521 shares
August 31, 2022: 521 shares
3) Average number of shares during the period:
Six months ended February 28, 2023: 21,217,079 shares
Six months ended February 28, 2022: 21,217,079 shares* These consolidated financial results are outside the scope of quarterly review by certified public accountants or audit
firms

* Explanation of the proper use of financial results forecast and other notes
The earnings forecasts and other forward-looking statements herein are based on information available to theCompany and certain assumptions deemed reasonable, and the Company does not promise the achievement of those
forecasts. Actual results may differ significantly from these forecasts due to a wide range of factors. For theassumptions underlying the forecasts and the notes on the use of the forecasts, please refer to “1. (3) Explanation
Regarding Consolidated Financial Results Forecast and Other Forward-looking Information” on page 4 (Japaneseversion only).
Supplementary briefing materials will be posted on the Company’s website within one week after the announcementof financial results.

Quarterly Consolidated Financial Statements and Primary Notes(1) Quarterly Consolidated Balance Sheets(Thousand yen)
As of August 31, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsReal estate for sale
Real estate for sale in process
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

1

As of February 28, 2023

36,019,023

15,049,627

10,880,130

14,430,220

43,956,024
42,362,443
204,257
3,099,150(17,009)
136,504,019

57,083,774
54,519,523
973,6203,251,658(185,185)
145,123,238

5,616,345(1,354,043)
4,262,302
3,124,791
657,607(373,815)
283,792
7,670,885
1,282,318

5,929,716(1,644,348)
4,285,368
3,677,789
1,219,451(411,069)
808,381
8,771,539
1,734,254

7,878,514(241,310)
7,637,203
16,590,408
153,094,427

7,587,691(229,296)
7,358,394
17,864,189
162,987,427

(Thousand yen)
As of August 31, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Current portion of bonds payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Deferred tax liabilities
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 incomeValuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

2

As of February 28, 2023

18,590,704
27,043,300
9,664,675
1,162,000
2,515,912
428,869
3,224,064
62,629,526

16,019,507
33,120,766
11,461,375
836,000
2,928,941
340,782
4,219,236
68,926,609

5,089,430
23,188,228
716,975
52,741
135,123
710,326
29,892,825
92,522,351

4,767,010
23,332,193
737,1882,938,493
134,770
861,405
32,771,060
101,697,669

1,340,150
1,233,992
54,828,906(462)
57,402,586

1,340,150
1,238,646
55,384,584(462)
57,962,918

57,237
235,539(35,519)257,258
2,912,231
60,572,076
153,094,427

59,045
209,149(29,225)
238,969
3,087,869
61,289,757
162,987,427

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Six Months Ended February 28(Thousand yen)
For the six months
ended February 28, 2022

For the six months
ended February 28, 2023

62,076,625
52,000,866
10,075,758
4,743,003
5,332,755

62,299,706
53,458,607
8,841,099
5,151,900
3,689,199

24,229369,302
192,826
7,750
71,90061
235,316
221,076
1,122,464

20,043
11,86235,598
10,077
169,328
246,911

233,885
70,366
23,663327,915
6,127,304

377,762
23,186368,199
32,780801,928
3,134,181

27,154
27,154-

6,154,458
1,908,901
4,245,557
335,7143,909,843

740,929
23,481
764,4112,369,770
792,252
1,577,517
213,415
1,364,102

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Cancellation income of advance money on a contract
Subsidy income
Surrender value of insurance policies
Gain on investments in investment partnerships
Other
Total non-operating income
Non-operating expenses
Interest expenses
Commission such as financings
Subsidiary stock acquisition-related cost
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on valuation of investment securities
Loss on sale of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

3

Quarterly Consolidated Statements of Comprehensive Income
Six Months Ended February 28(Thousand yen)
For the six months
ended February 28, 2022

For the six months
ended February 28, 2023

4,245,557

1,577,517

64,624
5,734
66,945
137,304
4,382,861

1,808(26,390)
6,293(18,288)
1,559,229

4,047,147

1,345,813

335,714

213,415

ProfitOther 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
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests4(3) Quarterly Consolidated Statements of Cash Flows(Thousand yen)
For the six months
ended February 28, 2023

For the six months
ended February 28, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Loss (gain) on valuation of investment securities
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Decrease (increase) in advance payments to suppliers
Decrease (increase) in advances paid
Increase (decrease) in trade payables
Increase (decrease) in advances received
Increase (decrease) in leasehold and guarantee deposits
received
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from share of profits on investment securities
Proceeds from withdrawal of investments in silent
partnerships
Loan advances to subsidiaries and associates
Collection of loans receivable from subsidiaries andaffiliates
Purchase of shares of subsidiaries resulting in change
in scope of consolidation
Proceeds from cancellation of insurance funds
Other, net
Net cash provided by (used in) investing activities

5

6,154,458
254,593
81,205(7,783)(52,729)
48,597(393,532)
233,885(27,154)(605,840)(9,268,521)
147,955(299,063)(1,496,342)
142,8872,369,770
266,273
91,531
740,929
131,797(88,086)
29,284(31,906)
377,762
23,481(3,122,848)(14,554,541)
373,278(18,488)(3,004,199)
703,525

22,986(232,583)(1,355,310)(6,419,706)
393,532(238,318)(3,936,109)(10,200,602)(377,555)(16,322,576)
31,906(355,505)(516,151)(17,162,327)(12,000)
412,006(45,166)(24,213)
10,687(1,512,801)(637,249)(16,555)(977,800)
228,155
5,767

1,170,451--(50,701)-

377,877-(6,758,845)

9,336
519,4832,040,583(4,447)(9,346,600)

(Thousand yen)
For the six months
ended February 28, 2022
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of bonds
Redemption of bonds
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 periodCash and cash equivalents at end of period

26,176,050(18,879,250)
3,784,593(7,153,086)
500,000(424,000)(848,087)(31,786)(6,946)
3,117,486
82,079(4,960,453)
35,702,776
30,742,322

6

For the six months
ended February 28, 2023
23,756,150(18,040,784)
4,795,000(4,940,951)(754,000)(795,218)(36,676)(10,604)
3,972,915(55,689)(22,591,702)
35,890,322
13,298,619