T Gaia : Summary Version of Consolidated Financial Results for the Fiscal Year Ending March 31, 2022

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

Consolidated Financial Results for the Fiscal Year Ended March 31, 2022

(Based on J-GAAP)

May 2, 2022

Company name: Stock code: Representative: Contact:T-Gaia Corporation 3738

Listing: Tokyo Stock ExchangeURL:https://www.t-gaia.co.jp/

Masato Ishida, President & CEOKaoru Hayashi, Senior Managing Officer & General Manager of Corporate Planning & Strategy Dept. Tel: [phone]

Scheduled date of Annual General Meeting of Shareholders: June 22, 2022 Scheduled date of filing Securities Report: June 22, 2022

Scheduled commencement date of dividend payout: June 23, 2022 Financial results supplementary explanatory documents: Yes

Financial results presentation: Yes (for institutional investors & analysts)

(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 - March 31, 2022)

(1) Consolidated results of operations (twelve months)

(Percentages represent year-over-year changes)

Net sales	Operating profit	Ordinary profit	Profit attributable to owners of parent
FY 2022 FY 2021	Million yen 476,464 422,973	% 12.6 -	Million yen 10,567 14,042	% (24.7) -	Million yen 15,381 19,793	% (22.3) -	Million yen 10,579 13,042	% (18.9) -

Note: Comprehensive income (million yen):

FY 2022: 10,579 / [(19.8)%]FY 2021: 13,197 / [-%]

Earnings per share	Diluted earnings per share	Return on Equity	Ratio of ordinary profit to total assets	Ratio of operating profit to net sales
FY 2022 FY 2021	Yen 189.74 234.01	Yen - -	% 15.7 21.9	% 6.5 9.5	% 2.2 3.3

Reference: Share of profit (loss) of entities accounted for using equity method (million yen): FY 2022: (45) FY 2021: (540)

Note 1: As the Accounting Standard for Revenue Recognition (Accounting Standards Board of Japan (ASBJ) Statement No. 29, March 31, 2020) and relevant revised ASBJ regulations have been applied from the beginning of the fiscal year, the figures for the FY 2021 are those after retrospectively applying the accounting standard and relevant revised ASBJ regulations. Therefore, year-over-year changes for the FY 2021 are not shown.

Note 2: During the second quarter of FY 2022, the Company finalized the provisional accounting treatment for a business combination. As a result, the figures for the FY 2021 reflect this finalization of the provisional accounting treatment.

(2) Consolidated financial position

Total assets	Net assets	Equity ratio	Net assets per share
FY 2022 FY 2021	Million yen 241,277 233,826	Million yen 70,483 64,026	% 29.2 27.4	Yen 1,263.30 1,148.26

Reference: Shareholders' equity (million yen): FY 2022: 70,448

FY 2021: 63,998

(3) Consolidated cash flow position

Cash flows from operating activities	Cash flow from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
FY 2022 FY 2021	Million yen 18,864 19,338	Million yen (2,484) (32,711)	Million yen (7,931) 17,849	Million yen 56,162 47,601

2. Dividends

Annual dividends	Total dividend annual	Dividend payout ratio consolidate	Dividend on equity consolidate
1Q-end	Interim	3Q-end	Year-end	Annual
FY 2021 FY 2022	Yen - -	Yen 37.50 37.50	Yen - -	Yen 37.50 37.50	Yen 75.00 75.00	Million yen 4,179 4,180	% 32.1 39.5	% 7.0 6.2
FY 2023 (forecasts)	-	37.50	-	37.50	-	41.8

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

(Percentages represent year-over-year changes)

Net sales Million yen 483,000

Full yearOperating profit % Million yen 1.4

Profit attributable to owners of parent

11,200

% 6.0

Million yen 15,400

% 0.1

Million yen 10,000

% (5.5)Yen 179.32

Note 1: Consolidated forecasts for the first half of FY 2023 have not been disclosed.

Notes

• (1) Changes in significant subsidiaries during the period (twelve months) under review (Changes in subsidiaries accompanying change in the scope of consolidation): None

• (2) Changes in accounting principles, estimates and restatements

  • 1) Changes in accounting principles caused by revision of accounting standards, etc.: Yes

  • 2) Changes in accounting principles other than those mentioned above: None

  • 3) Changes in accounting estimates: None

  • 4) Restatement: None

Note: For more details, please refer to "2. Consolidated Financial Statements and Notes (3) Notes to consolidated financial statements

(Changes in accounting principles)" on page 8.

(3) Number of shares issued and outstanding (shares of common stock)

• 1) Number of shares outstanding (including treasury shares) at the end of the period

• 2) Number of treasury shares at the end of the period

• 3) Average number of shares outstanding during the period twelve months)

FY 2022	56,074,000 shares	FY 2021	56,074,000 shares
FY 2022	308,866 shares	FY 2021	338,866 shares
FY 2022	55,756,422 shares	FY 2021	55,734,177 shares

* Financial results reports are exempt from audit conducted by certified public accountants or an audit corporation.

* Cautionary statement with respect to forward-looking statements

(Disclaimer on forward-looking statements, etc.)

These materials contain forward-looking information including earnings projections based on information currently available to the Company and certain assumptions considered reasonable in the judgment of the Company. Nothing contained in these materials is meant to suggest that the Company promises to attain the said projections. Moreover, due to various factors, actual results may materially differ from projections.

(How to obtain supplementary documents on financial results)

The Company is scheduled to hold an online financial results presentation meeting for institutional investors and analysts on May 2, 2022 (Monday). The Company plans to post the documents used in this presentation on its website on the same day the meeting is held.