KNT CT : CONSOLIDATED STATEMENTS OF OPERATIONS Years ended March 31, 2022 and 2021

KNT-CT HOLDINGS CO., LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS

Years ended March 31, 2022 and 2021

Millions of Yen

	Apr 1, 2021 - Mar 31, 2022		Apr 1, 2020 - Mar 31, 2021
Operating revenue
Tour revenue	¥ 139,957	¥ 87,889
Cost of tour revenue	108,966		65,916
Gross profit	30,990	21,972
Selling, general and administrative expenses	38,677		49,054
Operating income	(7,686)	(27,082)
Other income(expense)
Interest and dividend income	192	177
Interest expense	(68)	(61)
Exchange gains(losses)	55	357
Subsidy income	3,871	9,731
Gain on sales of investment securities	115	132
Loss on business restructuring	(711)	(7,189)
Impairment Loss	(485)	(3,649)
Equity in losses of affiliates	0	(8)
Other, net	(264)		(81)
Income(loss)before income taxes	(4,981)	(27,674)
Income taxes current	709	55
Income taxes deferred	89	749
Profit(Loss) attributable to non-controlling interests	(8)	(23)
Profit(Loss) attributable to owners of parent	(¥5,771)		(¥28,456)
	Yen
Amounts per share of common stock:
Net income(Loss)	(¥211.24)	(¥1,041.50)
Cash dividends applicable to the year	0.00	0.00