Summary of Consolidated Financial Results for the Fiscal Year Ended September 30, 2021

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.

Summary of Consolidated Financial Results

for the Fiscal Year Ended September 30, 2021〔Based on Japanese GAAP〕

	November 12, 2021
Company name:	Open House Co., Ltd.
Stock exchange listings:	Tokyo Stock Exchange, First section
Code Number:	3288
URL:	https://openhouse-group.co.jp/ir
Representative:	Masaaki Arai, President and CEO
Scheduled date of annual general meeting of shareholders : December 22, 2021
Scheduled date of dividends:	December 23, 2021
Scheduled date of annual securities report filing:	December 23, 2021
Supplementary materials for financial results:	Yes
Results briefing meeting :	Yes （for institutional investors and analysts, in Japanese)

(Million yen, rounded down)

1. Consolidated Financial Results for the fiscal year ended September 30, 2021 (October 1, 2020 to September 30, 2021)

(1) Consolidated operating results				(% figures indicate year-on-year change)
	Revenue		Operating income	Ordinary income	Profit attributable to
		owners of parent
	Million yen	%	Million yen	%	Million yen	%	Million yen	%
FY 2021	810,540	40.7	101,103	62.7	97,590	26.2	69,582	17.0
FY 2020	575,951	6.6	62,129	7.5	77,357	40.8	59,491	51.0

(Note) Comprehensive income:	FY 2021 ¥ 74,483 million ( 26.6%)	FY2020 ¥ 58,812 million ( 52.6%)
	EPS	Diluted EPS	ROE	ROA	Operating income
	Margin
	Yen	Yen	%	%	%
FY 2021	552.40	550.41	26.4	13.5	12.5
FY 2020	525.36	522.37	32.1	15.2	10.8

(Reference) Equity in earnings of affiliates: FY 2021	¥ 1,395 million	FY2020 ¥ 17,786 million
(2) Consolidated Financial Position
	Total assets		Net assets		Equity ratio		Net assets per share
		Million yen		Million yen	%			Yen
September 30, 2021		879,913		347,143	33.4		2,329.72
September 30, 2020		569,038		233,695	41.0		1,855.66
(Reference) Shareholders'	equity:	As of September	30, 2021: ¥ 293,809	million
		As of September 30, 2020: ¥ 233,477 million
(3) Consolidated Cash Flows
	Cash flows from		Cash flows from		Cash flows from		Cash and cash
	operating activities		investing activities		financing activities		equivalents at FY end
		Million yen		Million yen	Million yen		Million yen
FY 2021		50,123		23,541	40,588		334,506
FY 2020		48,793		(24,054)	59,430		219,218
						Open House Co., Ltd. (3288)	1 |

2. Dividends

		Annual dividends per share		Total dividends	Payout ratio	Dividend on
						equity
	1Q-end	2Q-end	3Q-end	Year-end	Total	(Annual)	(Consolidated)
	(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
FY 2020	―	40.00	―	40.00	80.00	9,459	15.2	5.2
FY 2021	―	50.00	―	62.00	112.00	14,116	20.3	5.4
FY 2022(Forecast)	―	62.00	―	62.00	124.00		21.7

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

(% figures indicate year-on-year change)

	Revenue		Operating income	Ordinary income	Profit attributable to	EPS
		owners of parent
	Million yen		%	Million yen	%	Million yen	%	Million yen	%	Yen
2Q (Cumulative)	446,700		22.7	56,900	36.7	55,800	37.1	35,900	9.6	284.66
Full year	920,000		13.5	112,000	10.8	108,900	11.6	72,000	3.5	570.91

*Notes:

(1) Significant changes in consolidated subsidiaries during the period

(Changes in specific subsidiaries resulting in a change in the scope of consolidation): Yes

New: 1 (Pressance Corporation Co., Ltd.)

1. 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:	Yes
ⅲ) Changes in accounting estimates:	None
ⅳ) Revisions and restatements:	None

(3) Number of shares issued and outstanding (common stock)
ⅰ) Number of shares issued at period-end (including treasury shares)
September 30, 2021:	126,117,000 shares	September 30, 2020:	125,819,100 shares
ⅱ) Treasury shares at period-end
September 30, 2021:	3,441 shares	September 30, 2020:	41 shares

ⅲ) Average number of shares issued

September 30, 2021:

125,963,671 shares

September 30, 2020: 113,240,260 shares

Open House Co., Ltd. (3288)	2 |

[Reference] Non-Consolidated Financial Results for the fiscal year ended September 30, 2021

(October 1, 2020 to September 30, 2021)

(1) Non-Consolidated Operating Results			(% figures indicate year-on-year change)
	Operating revenue	Operating income	Ordinary income	Net income
	Million yen		%	Million yen	%	Million yen		%	Million yen	%
FY 2021	17,835		37.6	2,699	―	35,579		39.6	35,088	37.4
FY 2020	12,960		4.6	227	(73.4)	25,495		64.0	25,539	61.0
	EPS			Diluted EPS
			Yen		Yen
FY 2021		278.56		277.56
FY 2020		225.54		224.25
(2) Non-Consolidated Financial Position
	Total assets	Net assets	Equity ratio		Net assets per share
	Million yen	Million yen			%		Yen
September 30, 2021		233,936		120,879			51.6		957.61
September 30, 2020		157,755		96,835			61.2		767.91

(Reference) Shareholders' equity: As of September 30, 2021: ¥ 120,767 million As of September 30, 2020: ¥ 96,617 million

*This summary of financial statements is exempt from audit procedures required by 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.

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

Consolidated Financial Statements

1）Consolidated Balance Sheets

							(Million yen)
					FY 2020		FY 2021
					(as of September 30, 2020)	(as of September 30, 2021)
Assets
	Current assets
		Cash and cash equivalents		219,227		337,731
		Trade accounts receivable		620		1,929
		Real estate for sale		64,372		90,402
		Real estate for sale in process	172,914		337,726
		Operating loans		37,463		36,878
		Other		12,787		26,421
		Allowance for doubtful accounts		(262)		(362)
		Total current assets	507,123		830,727
	Fixed asset
		Tangible fixed assets
			Buildings and structures		4,430		5,815
				Accumulated depreciation	*3	(1,578)	*3	(2,079)
				Buildings and structures, net		2,851		3,735
			Real estate for rent		―		15,479
				Accumulated depreciation		―	*3	(1,025)
				Real estate for rent, net		―		14,454
			Land		1,778		2,418
			Other		1,258		1,913
				Accumulated depreciation	*3	(877)	*3	(1,223)
				Other, net		381		689
			Total tangible fixed assets		5,010		21,197
		Intangible fixed assets		3,080		3,031
		Investments and other assets
			Investment securities	*1	47,255	*1	13,171
			Deferred tax assets		3,032		6,272
			Other		3,529		5,430
			Allowance for doubtful accounts		(18)		(18)
			Total investments and other assets		53,798		24,856
		Total fixed assets		61,890		49,185
	Deferred assets
		Bond issuance cost		24		―
		Total deferred assets		24		―
	Total assets	569,038		879,913

Open House Co., Ltd. (3288)	4 |

						(Million yen)
				FY 2020		FY 2021
				(as of September 30, 2020)	(as of September 30, 2021)
Liabilities
	Current liabilities
		Notes payable-trade			4,831		1,166
		Trade accounts payable		17,525		20,850
		Electronically recorded obligations			―		4,713
		Short-term loans payable	*4	103,930	*4	104,684
		Current portion of bonds			242		242
		Current portion of long-term loans payable		*5 8,912	*5	57,142
		Income taxes payable			10,831		18,239
		Advances received		15,531		26,953
		Guarantee deposits received			1,248		1,768
		Provision for bonuses		2,773		3,655
		Provision for warranties for completed construction			998		1,039
		Other		9,889		15,781
		Total current liabilities			176,713		256,237
	Long-term liabilities
		Bonds payable			847		10,605
		Long-term loans payable	*5,*4	157,347	*5,*4	264,502
		Deferred tax liabilities			―		121
		Provision for share awards		―		257
		Net defined benefit liability			328		311
		Asset retirement obligations		105		150
		Other			―		583
		Total long-term liabilities		158,628		276,532
	Total liabilities			335,342		532,769
Net assets
	Shareholders' equity
		Share capital		19,741		19,939
		Capital surplus			28,877		29,068
		Retained earnings		186,047		244,248
		Treasury shares			(0)		(0)
		Total shareholders' equity		234,666		293,256
	Other comprehensive income
		Net unrealized holding gains/losses on securities		7		12
		Foreign currency translation adjustment			(1,195)		540
		Accumulated other comprehensive income		(1,188)		552
	Share acquisition rights			217		551
	Non-controlling interests		―		52,782
	Total net assets			233,695		347,143
Total liabilities and net assets		569,038		879,913

Open House Co., Ltd. (3288)	5 |