Note: Please note that this document is a Japanese-English translation of the summary of the official announcement in Japanese “Kessan Tanshin“ for reference purposes only. ---
Open House Co., Ltd. Tokyo Stock Exchange, First section 3288 https://openhouse-group.co.jp/in Masaaki Arai, President and CEO February 12, 2021 Yes February 12, 2021 No (Million yen, rounded down)
1.
Consolidated Financial Results for the First Quarter Ended September 30, 2021
(October 1, 2020 to December 31, 2020) (1) Consolidated operating results (Cumulative)

Forecast of Consolidated Operating Results for FY2021
3.

*Notes: (1) Significant changes in consolidated subsidiaries during the period (Changes in specific subsidiaries resulting in a change in the scope of consolidation): None (2) Adoptions of special accounting methods in presentation of quarterly financial statements: Yes (3) Changes in accounting policies, changes of accounting estimates, and revisions and restatements i ) Changes in accounting policies in accordance with changes in accounting principles: None ii ) Changes in accounting policies other than the above: None iii) Changes in accounting estimates: None None iv ) Revisions and restatements: (4) Number of shares issued and outstanding (common stock) i ) Number of shares issued at period-end (including treasury stock) December 31, 2020:    125,840,700 shares    September 30, 2020: 125,819,100 shares ii ) Treasury stock at period-end December 31, 2020:    41 shares September 30, 2020: 41 shares iii ) Average number of shares issued during the period (quarterly consolidated cumulative basis) December 31, 2020:    125,824,224 shares December 31, 2019 :    110,547,337shares * This quarterly financial results report is not subject to quarterly review procedure based on the Financial Instruments and Exchange Act. * Notes regarding forward-looking statements: 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.

3)   Notes to Consolidated Quarterly Financial Statements
(Notes on Going Concern Assumptions) Not applicable (Changes in significant subsidiaries during the period) Not applicable (Significant changes in consolidated subsidiaries during the period) Not applicable (Adoption of Special Accounting Methods for Preparation of Quarterly Consolidated Financial Statements) Tax expenses is calculated by multiplying income before income taxes by an effective tax rate that was reasonably estimated by applying tax effect accounting to estimated profit before income taxes for the fiscal year ended September 2021 including the first quarter.
(Segment and Other Information)
【Segment Information】 I  Three months ended December 31, 2019 (October 1, 2019 to December 31, 2019) Information on revenue, income or loss, and other items by reportable segment
1． Adjustment of ¥ (283) million for segment income (loss) includes intersegment elimination of ¥172 million and corporate expenses of ¥ (455) million that is not distributed to the reportable segments. Corporate expenses are primarily general and administrative expenses that do not belong to the reportable segments. 2. Segment income (loss) has been adjusted to operating income described in consolidated quarterly statements of income.
II  Three months ended December 31, 2020 (October 1, 2020 to December 31, 2020) Information on revenue, income or loss, and other items by reportable segment 1． Adjustment of ¥ (309) million for segment income (loss) includes intersegment elimination of ¥101 million and corporate expenses of ¥ (411) million that is not distributed to the reportable segments. Corporate expenses are primarily general and administrative expenses that do not belong to the reportable segments. Segment income (loss) has been adjusted to operating income described in consolidated quarterly statements of income. (Important Subsequent Events) (Business Combination through Acquisition) The Company acquired the common stock of Pressance Corporation Co., Ltd., an equity-method affiliate of the Company through the tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended; “Act”) and the subscription of the Capital Increase through Third-Party Allotment. As a result, the Company holds 64.45% of the total shares outstanding, Pressance Corporation has become a consolidated subsidiary of the Company effective on January 20, 2021.
1． Overview of the business combination
(1) Name and description of business of the acquired company Name of the acquired company: Pressance Corporation Co., Ltd. Description of business: Planning, development, and sales of condominiums for investment and condominiums for families (2) Reasons for the business Combination The Company has made Pressance Corporation a consolidated subsidiary from an equity-method affiliate of the Company in order to stabilize the credit enhancement and financing of Pressance Corporation, and to prompt realization of the synergies expected in the capital and business alliance between the two companies. (3) Date of the business combination January 20, 2021 (4) Legal form of the business combination Acquisition of shares for consideration of cash (5) Name following the business combination Pressance Corporation Co., Ltd (6) Ratio of voting rights acquired i   Ratio of voting rights owned before the business combination ii   Ratio of voting rights acquired by the Capital Increase through Third-Party Allotment ii   Ratio of voting rights acquired by the Tender Offer iv   Ratio of voting rights after acquisition
(7) Grounds for deciding on the Company to be acquired The Company acquired 64.45% of the voting rights of Pressance Corporation through acquisition of shares for consideration of cash, and has become the acquiring company. 2. Items Related to the Calculation of the Acquisition Cost, etc. (1) Acquisition Cost and Consideration of Acquired Company by Item Market value of equity held before business combination as of the business combination date: 31,302 million yen Cash expended for the Capital Increase through Third-Party Allotment: 5,000 million yen Cash expended for the Tender Offer: 36,780 million yen 73,083 million yen Acquisition cost: (2) Difference between the acquisition cost for the acquired company and the total sum of acquisition costs of each transaction for acquisition Not yet determined. (3) Details and amounts of main acquisition-related costs Not yet determined. 3 .  Items Related to the Allocation of the Acquisition Cost (1) Breakdown of principal amounts of assets acquired and liabilities assumed on the date of the combination Not yet determined. (2) Amounts of goodwill generated, grounds for generation, amortization methods and amortization period Not yet determined.