Financial Results for the Second Quarter From June 1, 2020 to November 30, 2020 ERI Holdings Co., Ltd. December 28, 2020 Evaluation,Rating,Inspection HLold i n g s

Year-on-year changes of the number of main services
▷Number of Building Confirmation by ERI group •Number of Housing Design Performance Evaluation of detached houses of ERI group – – – Number of building confirmations nationwide
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■   In the fiscal first half, COVID-19 slowed down the business within the initially expected range. ■   Our client’s operational restraint by COVID-19 have persisted through the second quarter. ■ Both new housing and non-housing starts were still sluggish. ■ Both Building Confirmation and Inspection and Housing Performance Evaluation services revenue decreased due to house builders slowdown. ■ Solution and Other services revenue also decreased. ■   Cost reduction such as executive remunerations and personnel expenses have been continued but ordinary income and net income were deficit.
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"Building Confirmation ānd Inspection" was renamed "Building Confirmation and Inspection and its related services." Segment of Structural Evaluations of High-rise Buildings Building Type Standards was changed from "Others" to "Building Confirmation and inspection and its related services." Segment of Approving of Housing Type Performance, etc. "Housing Performance Evaluation and its related services." Copyright © 2019 ERI holdings. All rights reserved 5
2019 2020
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Changes in new housing starts by categories of housing (year-on-year rate) Changes in the cumulative total (from Jun. to Nov.)
2019 2020
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2020 2019 *   New housing starts are on the basis of the number of houses , and the results of major house builders are on the basis of amounts of money which was disclose on each company's website.
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Non-housing sector
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* "Technical Assessments for Long-life Quality Housings" represents the numbers and amounts of conformance certificate, which includes the numbers and amounts of extension a plan change is included. * Counting rules of "Inspections for Housing Defect Liability Insurance" is as follows. 1) Including Defect Insurance but excluding inspection for insurance firm and Housing insurance brokerage, and 3) Including the data of all housing defect liability insurance companies. * From FY 5/2020 report, "Evaluation for Compliance with Energy Consumption Performance of Buildings" excludes the numbers of plan change.
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■ In the sluggish housing sector, our clients’ business operation have been resuming steadily. We, however, keep close attention to the business conditions which could be significantly affected by the re-expansion of COVID-19. ■ This fiscal year, so far, our business has been going within the earlier assumption which our market will recover and largely return to normal in 4Q, so we keep initial forecast intact. ■ As a financial preparation for uncertain business conditions by COVID-19, we deferred interim dividend and planned the year-end dividend of 10 yen per share. Change in annual dividends per share (Yen) ■ Interim dividend    ■ Year-end dividend

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Short-term strategy
■ Thorough infection prevention ■ Preparation for Energy Efficiency Certification and BELS market expansion ■   Promotion of DX (Digital Transformation) such as BIM, digital signature
Medium-term strategy
■ Reaction to the government’s economic stimulus package (details on the next page) ■ Promotion of diverse work style and human resource management ■ Increasing market share in the industry restructuring opportunity ■   Active M&A for personnel acquisition and business growth
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Reaction to the government’s economic stimulus package On December 8, 2020, Cabinet Decision was made on “Comprehensive Economic Measures to Secure People’s Lives and Livelihood toward Relief and Hope” ■ ■ Realizing digitalization ⇒  Customer retention and productivity growth Realizing green society ⇒  Energy saving business growth Promoting national resilience with respect to disaster management ■ ⇒  Stock business expansion provisional translation “Comprehensive Economic Measures to Secure People’s Lives and Livelihood toward Relief and Hope”, Cabinet Decision on December 8,2020 https://www5.cao.go.jp/keizai1/keizaitaisaku/keizaitaisaku.html Topics

Current regulatory requirements

Apr. 2021 ～ Estimated volume of bldg. subject to mandatory energy efficiency standards ■ Medium scale 2,000 sqm - 300 sqm ◾ Large scale ≥ 2,000 sqm Potential for market expansion *source: Number of bldgs. is FY 3/2018 data from MLIT 2019 publication
New requirements   (Apr. 2021 ～ )
Apr. 2021～ Estimated volume of unit required filing ■ Large scale ≥ 2,000 sqm + Medium scale 2,000 sqm - 300 sqm Easing of filing requirements subject to Housing Performance Evaluation/BELS and tightening of supervision Most of mid/large scale housings are collective housings Penetration rate of Housing Performance Evaluation in Collective houses is 20～25％ Penetration rate of BELS in Collective houses is roughly 1％ Expectation for expansion of Housing Performance Evaluation/BELS needs *source: Number of units is FY 3/2016 data from MLIT 2018 publication
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Sep. 17, 2020, ERI holdings acquired 100% outstanding shares. ■ Expanding housing related services in Hokkaido. ■

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Number and Share in Hokkaido Number and share in Sapporo
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Topics
To enhance BIM utilization, we made the first field-test of MR (Mixed Reality) assisted building inspection, by downloading BIM data to MR device, in collaboration with a construction company. When an inspector wears MR goggles and points at column, wall, ceiling etc., supplemental information of these targets is projected in the 3D virtual field. Microsoft Corp., HoloLens 2
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ERI Holdings Co., Ltd. Investor Relations and Public Relations Group E－Mail | info@h-eri.co.jp https://www.h-eri.co.jp/ This release contains forward-looking statements about ERI Holdings Co., Ltd.'s future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the company’s assumptions and risks, uncertainties and assumptions that, without limitation, relate to economic conditions. Accordingly, ERI Holdings Co., Ltd. wishes to caution readers that actual results may differ materially from those projected in this release and ERI Holdings Co., Ltd. bear no responsibility for any negative impact caused by the use of this release.
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