E Seikatsu : (Delayed)Consolidated Financial Results for the Three Months Ended June 30,2022(Japanese GAAP)

Note: This document has been translated from Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 4,2022

(Delayed)Consolidated Financial Results for the Three Months Ended June 30, 2022 (Japanese GAAP)

Company name:	e-Seikatsu Co., Ltd.	Listing:	Standard, Tokyo Stock Exchange
Securities code:	3796	URL:	https://www.e-seikatsu.info/
Representative:	President and CEO	Zenichi Maeno
Inquiries:	Executive Vice President and CFO	Hiroyuki Shiokawa
TEL:	[phone]

Scheduled date of file quarterly securities report:	August 8, 2022
Scheduled date to commence dividend payment:	-
Preparation of supplementary materials on quarterly financial results:	Yes
Holding of financial results briefing:	Yes	For institutional investors and analysts

(Yen amounts are rounded down to the nearest millions)

1.Consolidated financial results for the Three months ended June 30, 2022 (April 1, 2022 to June 30, 2022)

(1) Consolidated Operating Results (cumulative)

(Percentage indicate year-on-year changes.)

	Net sales		EBITDA		Operating profit	Ordinary profit	Profit attributable
			to owners of parent
Three months	Millions		%	Millions		%	Millions	%	Millions	%	Millions	%
ended	of yen		of yen		of yen	of yen	of yen
June 30, 2022	617		7.1	130		15.2	18	171.7	19	183.0	11	248.4
June 30, 2021	577		10.5	112		△7.3	6	△48.9	6	△46.4	3	△56.5

Note: Comprehensive Income	For the Three months ended June 30, 2022	11Millions of yen	(248.4%)
	For the Three months ended June 30, 2021	3Millions of yen	(△56.5%)

Note: EBITDA (operating profit+ depreciation expenses) is disclosed as a useful comparative indicator for our group's performance.

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	Basic earnings per share	Diluted earnings per share
Three months ended	Yen	Yen
June 30, 2022	1.62	-
June 30, 2021	0.46	-

(2) Consolidated Financial Position

	Total assets	Net Assets	Equity-to-asset ratio	Net Assets per Share
	Millions of yen	Millions of yen	%	Yen
As of June 30, 2022	2,106	1,688	80.1	244.60
As of March 31, 2022	2,187	1,711	78.2	247.99

Reference: Equity	As of June 30, 2022	1,688	Millions of yen
	As of March 31, 2022	1,711	Millions of yen

2.Cash dividends

			Dividend per share
	First	Second	Third		Fiscal year-end	Total
	quarter-end	quarter-end	quarter-end
	Yen	Yen	Yen		Yen	Yen
Fiscal Year Ended March 31, 2022	-	0.00	-		5.00	5.00
Fiscal Year Ended March 31, 2023	-
Forecast for Fiscal Year Ended March 31, 2023		0.00	-		5.00	5.00

Note: Revisions to the forecast of cash dividends most recently announced: None.

3.Consolidated Earnings Forecasts for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentage indicate year-on-year changes.)

									Profit attributable to	Basic earnings per
	Net sales		Operating profit	Ordinary profit		share attributable to
			owners of parent
									owners of the parent
	Millions of		%	Millions of	%	Millions of		%	Millions of	%	Yen
	yen			yen		yen			yen
Full year	2,653		9.0	180	8.9	180		8.5	112	4.9	16.25

Note: Revisions to the consolidated earnings forecasts most recently announced: None.

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Notes

1. Changes in significant subsidiaries during the cumulative period of the current quarter (changes in specified subsidiaries due to changes in the scope of consolidation): None
2. Application of accounting treatment specific to preparation of quarterly consolidated financial statements: None
3. Changes in accounting policies, changes in accounting estimates, and restatements of accounting estimates.
4. 1. Changes in accounting policies due to changes in accounting standards, etc.: Yes
   2. Changes in accounting policies other than 1) above: None
   3. Changes in accounting estimates: None
   4. Modification and reappearance: None
      (Note) For details, please refer to Appendix P.14 "2. Quarterly Consolidated Financial Statements and Major Notes (4) Notes to Quarterly Consolidated Financial Statements (Changes in Accounting Policies)."

(3) Number of Shares Issued (Common shares)

1. Number of shares outstanding at the end of the fiscal year (including treasury shares)
2. Number of treasury stock at end of period
3. Average number of shares outstanding during the period

As of June	7,280,700	Shares	As of March	7,280,700	Shares
30,2022			31,2020
As of June	379,299	Shares	As of March	379,299	Shares
30,2022			31,2022
Three months	6,901,401		Three months	6,901,401
ended June	Shares	ended June	Shares
30,2022			30,2021

*Quarterly Financial Results are not subject to Quarterly Review by Certified Public Accountants or Auditing Corporations.

*Explanation of appropriate use of earnings forecasts and other special notes

Supplementary materials on quarterly financial results will be disclosed by TDnet on August 4, 2022, and will be posted on our website on the same day

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Table of Contents of Attachments

1. Qualitative Information on Current Quarterly Financial Results
2. 1. Earnings
   2. Financial position
   3. Outlook
3. Quarterly Consolidated Financial Statements and Major Notes
4. 1. Quarterly Consolidated Balance Sheets
   2. Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of Comprehensive Income
      Quarterly Consolidated statements of income Consolidated Year-to-Date
      Quarterly Consolidated Statement of Comprehensive Income Consolidated Year-to-Date
   3. Quarterly Consolidated Statement of Cash Flows
   4. Notes to Quarterly Consolidated Financial Statements

Notes on Assumptions of Continuing Enterprises

Notes in Cases of Significant Changes in the Amount of Shareholders' Equity Changes in Significant Subsidiaries during the Year to Date of Consolidation Application of Accounting Procedures Specific to Preparation of Quarterly Consolidated Financial Statements

Change in Accounting Policy

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14

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14

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1. Qualitative Information on Current Quarterly Financial Results

1. Earnings

In the cumulative business results for the first quarter (April 1, 2022 to June 30, 2022), Net Sales was 617,995 thousand yen (a 7.1% increase in YOY), EBITDA was 130,022 thousand yen (a 15.2% increase in YOY), Operating profit was 18,227 thousand yen (a 171.7% increase in YOY), ordinary profit was 19,717 thousand yen (a 183.0% increase in YOY), and the profit attributable to owners of parent was 11,150 thousand yen (a 248.4% increase in YOY).

	Three months ended	Three months ended	Year-on-year period
	June 30, 2021	June 30, 2022
Summary of Consolidated Results
		Difference	Rate of
	(thousand yen)	(thousand yen)	(thousand	change
			yen)	（％）
Net sales	577,174	617,995	40,820	7.1
EBITDA	112,862	130,022	17,160	15.2
Operating profit	6,708	18,227	11,518	171.7
Ordinary profit	6,967	19,717	12,749	183.0
Profit attributable to owners of parent	3,200	11,150	7,950	248.4

With the aim of realizing our mission of making the real estate market better through IT, we have established a vision of becoming an information infrastructure indispensable to the real estate market. Based on this vision, we develop systems and applications to resolve various issues in the real estate business and the real estate market, and offer these systems as SaaS, a subscription-based service. Through this, we are developing businesses that support digital transformation (DX) in the real estate business.

For the first quarter of fiscal 2023 ended June 30, 2022, sales were 617,995 thousand yen (up 7.1% year-over-year), an increase of 40,820 thousand yen from the same period last year. This is because acquisition of new customers and up-selling/cross-selling to existing customers performed well.

The number of subscription customers reached 1,455 as of the end of the first quarter (1,440 in the same period of the previous year), and the ARPU (*1) in June was approximately 121,700 yen (115,700 yen in the same period of the previous year). The subscription gross profit margin (*2) for the quarter was about 59.9% (about 59.3% for the same period last year).

(*1) "the average revenue per user" Current month subscription sales is divided by the number of subscription customers for the current month, and the figures are rounded down to the nearest 100 yen.

(*2) "the subscription gross margin" The gross margin for subscription sales only.

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