Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results

for the Three Months Ended April 30, 2022

(Based on Japanese GAAP)

June 9, 2022

Company name:

Casa Inc.

Stock exchange listing:

Tokyo

Stock code:

7196

URL https://www.casa-inc.co.jp/

Representative:

President

Seigo Miyaji

Inquiries:

Director, Administration Department

Yusuke Takasugi

TEL 03-5339-1143

Scheduled date to file Quarterly Securities Report:

June 9, 2022

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended April 30, 2022 (from February 1, 2022 to April 30, 2022)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Three months ended April 30, 2022

2,555

(3.8)

45

(66.4)

78

(51.7)

24

(73.9)

Three months ended April 30, 2021

2,657

6.2

134

-

161

-

94

-

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended April 30, 2022

2.48

2.36

Three months ended April 30, 2021

9.43

8.94

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of April 30, 2022

13,438

6,646

49.4

As of January 31, 2022

12,906

6,983

54.1

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended January 31, 2022

-

0.00

-

30.00

30.00

Year ending January 31, 2023

-

Year ending January 31, 2023 (Forecast)

0.00

-

30.00

30.00

3. Forecast of consolidated financial results for the year ending January 31, 2023 (from February 1, 2022 to January 31, 2023)

Percentages indicate year-on-year changes

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

5,075

(3.9)

129

(75.7)

163

(72.1)

65

(81.4)

6.56

July 31, 2022

Full year

10,394

0.5

737

(28.9)

805

(29.7)

459

(29.1)

45.67

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended April 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of April 30, 2022

11,204,100

shares

As of January 31, 2022

11,202,700

shares

Number of treasury shares at the end of the period

As of April 30, 2022

1,278,346

shares

As of January 31, 2022

1,152,746

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended April 30, 2022

9,997,910

shares

Three months ended April 30, 2021

10,075,856

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Thousands of yen)

As of January 31, 2022

As of April 30, 2022

Assets

Current assets

Cash and deposits

2,416,174

2,348,130

Accounts receivable - trade

1,275,383

-

Accounts receivable - trade, and contract assets

-

1,351,574

Right to reimbursement

3,909,847

3,862,762

Accounts receivable - other

676,420

1,244,433

Other

156,469

177,885

Allowance for doubtful accounts

(2,825,813)

(2,931,258)

Total current assets

5,608,483

6,053,529

Non-current assets

Property, plant and equipment

67,398

62,089

Intangible assets

Goodwill

3,179,643

3,107,634

Other

867,323

886,265

Total intangible assets

4,046,966

3,993,900

Investments and other assets

Deferred tax assets

2,408,009

2,504,497

Other

776,034

824,851

Total investments and other assets

3,184,044

3,329,348

Total non-current assets

7,298,409

7,385,338

Total assets

12,906,892

13,438,868

Liabilities

Current liabilities

Current portion of long-term borrowings

12,000

13,000

Income taxes payable

85,877

177,169

Advances received

4,466,657

-

Contract liabilities

-

4,824,338

Provision for bonuses

130,095

206,685

Provision for loss on guarantees

122,708

124,253

Other

1,058,514

1,402,661

Total current liabilities

5,875,851

6,748,107

Non-current liabilities

Long-term borrowings

45,000

42,000

Other

2,286

1,905

Total non-current liabilities

47,286

43,905

Total liabilities

5,923,138

6,792,013

3

(Thousands of yen)

As of January 31, 2022

As of April 30, 2022

Net assets

Shareholders' equity

Share capital

1,582,142

1,583,128

Capital surplus

1,582,142

1,583,128

Retained earnings

5,200,798

4,924,054

Treasury shares

(1,350,347)

(1,450,316)

Total shareholders' equity

7,014,736

6,639,994

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(33,483)

4,360

Total accumulated other comprehensive income

(33,483)

4,360

Share acquisition rights

2,500

2,499

Total net assets

6,983,753

6,646,854

Total liabilities and net assets

12,906,892

13,438,868

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Thousands of yen)

Three months ended

Three months ended

April 30, 2021

April 30, 2022

Net sales

2,657,216

2,555,064

Cost of sales

1,275,069

1,226,714

Gross profit

1,382,146

1,328,350

Selling, general and administrative expenses

1,248,141

1,283,290

Operating profit

134,005

45,059

Non-operating income

Interest income

21

18

Recoveries of written off receivables

18,989

28,371

Subsidy income

3,300

4,033

Insurance claim income

10,000

-

Other

870

1,534

Total non-operating income

33,182

33,958

Non-operating expenses

Interest expenses

-

114

Commission expenses

1,109

859

Special survey costs

4,476

-

Total non-operating expenses

5,585

974

Ordinary profit

161,601

78,043

Profit before income taxes

161,601

78,043

Income taxes - current

228,743

162,070

Income taxes - deferred

(162,112)

(108,781)

Total income taxes

66,631

53,289

Profit

94,969

24,754

Profit attributable to owners of parent

94,969

24,754

5

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Casa Inc. published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 03:32:04 UTC.