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 |
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4. Notes
- Changes in significant subsidiaries during the three months ended April 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- 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 |
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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 |
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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 |
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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.