Casa : Summary of Consolidated Financial Results for the Year Ended January 31, 2022

Summary of Consolidated Financial Results

for the Year Ended January 31, 2022

(Based on Japanese GAAP)

March 10, 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 of ordinary general meeting of shareholders:

April 27, 2022

Scheduled date to file Securities Report:

April 28, 2022

Scheduled date to commence dividend payments:

April 28, 2022

Preparation of supplementary material on financial results:

Yes

Holding of financial results meeting:

Yes

(for institutional investors and analysts)

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended January 31, 2022 (from February 1, 2021 to January 31, 2022)

(1) Consolidated operating results

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

%

Year ended January 31, 2022

10,340

1.1

1,037

0.5

1,145

5.1

647

6.0

Year ended January 31, 2021

10,226

8.4

1,031

(32.3)

1,090

(30.9)

611

(34.1)

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended January 31, 2022

64.90

61.63

9.4

8.7

10.0

Year ended January 31, 2021

60.36

56.86

9.1

8.4

10.1

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen

%

Yen

As of January 31, 2022

12,906

6,983

54.1

694.66

As of January 31, 2021

13,416

6,811

50.8

671.82

(3) Consolidated cash flows

Cash flows from

Cash flows from

Cash flows from

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Year ended January 31, 2022

728

(1,009)

(480)

2,416

Year ended January 31, 2021

1,077

(445)

(444)

3,177

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended January 31, 2021

-

0.00

-

30.00

30.00

304

49.7

4.5

Year ended January 31, 2022

-

0.00

-

30.00

30.00

301

46.2

4.4

Year ending January 31, 2023

-

0.00

-

30.00

30.00

65.7

(Forecast)

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

4. Notes

(1) Changes in significant subsidiaries during the year ended January 31, 2022

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2) 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:

No

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(3) Number of issued shares (common shares)

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

As of January 31, 2022

11,202,700

shares

As of January 31, 2021

11,082,700

shares

Number of treasury shares at the end of the period

As of January 31, 2022

1,152,746

shares

As of January 31, 2021

947,446

shares

Average number of shares during the period

Year ended January 31, 2022

9,976,708

shares

Year ended January 31, 2021

10,123,407

shares

(Thousands of yen)

As of January 31, 2021

As of January 31, 2022

Assets

Current assets

Cash and deposits

3,177,530

2,416,174

Accounts receivable - trade

1,261,254

1,275,383

Right to reimbursement

3,927,971

3,909,847

Accounts receivable - other

778,862

676,420

Other

177,209

156,469

Allowance for doubtful accounts

(2,495,385)

(2,825,813)

Total current assets

6,827,443

5,608,483

Non-current assets

Property, plant and equipment

Buildings and structures

88,980

89,527

Accumulated depreciation

(60,556)

(64,653)

Buildings and structures, net

28,423

24,874

Leased assets

12,372

6,930

Accumulated depreciation

(7,339)

(3,465)

Leased assets, net

5,032

3,465

Other

114,417

140,908

Accumulated depreciation

(87,319)

(101,849)

Other, net

27,098

39,059

Total property, plant and equipment

60,554

67,398

Intangible assets

Goodwill

3,317,412

3,179,643

Software

120,918

136,771

Software in progress

409,018

725,111

Other

6,335

5,441

Total intangible assets

3,853,685

4,046,966

Investments and other assets

Investment securities

97,929

584,167

Long-term loans receivable

1,272

240

Deferred tax assets

2,381,882

2,408,009

Other

194,032

191,627

Total investments and other assets

2,675,116

3,184,044

Total non-current assets

6,589,356

7,298,409

Total assets

13,416,799

12,906,892

(Thousands of yen)

As of January 31, 2021

As of January 31, 2022

Liabilities

Current liabilities

Current portion of long-term borrowings

-

12,000

Lease obligations

1,720

1,524

Income taxes payable

466,439

85,877

Advances received

4,751,644

4,466,657

Deposits received

728,639

722,962

Provision for bonuses

126,605

130,095

Provision for loss on guarantees

135,396

122,708

Other

390,812

334,027

Total current liabilities

6,601,257

5,875,851

Non-current liabilities

Long-term borrowings

-

45,000

Lease obligations

3,811

2,286

Total non-current liabilities

3,811

47,286

Total liabilities

6,605,069

5,923,138

Net assets

Shareholders' equity

Share capital

1,567,053

1,582,142

Capital surplus

1,567,053

1,582,142

Retained earnings

4,857,376

5,200,798

Treasury shares

(1,150,415)

(1,350,347)

Total shareholders' equity

6,841,068

7,014,736

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

(32,017)

(33,483)

Total accumulated other comprehensive income

(32,017)

(33,483)

Share acquisition rights

2,679

2,500

Total net assets

6,811,730

6,983,753

Total liabilities and net assets

13,416,799

12,906,892

(Thousands of yen)

Fiscal year ended

Fiscal year ended

January 31, 2021

January 31, 2022

Net sales

10,226,855

10,340,983

Cost of sales

4,146,679

4,333,864

Gross profit

6,080,175

6,007,119

Selling, general and administrative expenses

5,048,505

4,970,008

Operating profit

1,031,670

1,037,111

Non-operating income

Interest income

94

152

Dividend income

805

7,230

Recoveries of written off receivables

47,007

69,385

Subsidy income

7,817

3,300

Other

19,141

36,263

Total non-operating income

74,866

116,331

Non-operating expenses

Interest expenses

-

120

Commission expenses

2,679

2,999

Special survey costs

13,792

4,512

Total non-operating expenses

16,471

7,633

Ordinary profit

1,090,065

1,145,809

Extraordinary income

Gain on sale of investment securities

50,040

-

Other

243

-

Total extraordinary income

50,283

-

Extraordinary losses

Loss on valuation of investment securities

34,600

-

Loss on valuation of advance payments

53,004

-

Impairment losses

-

31,312

Total extraordinary losses

87,604

31,312

Profit before income taxes

1,052,744

1,114,497

Income taxes - current

786,051

458,500

Income taxes - deferred

(344,374)

8,517

Total income taxes

441,677

467,017

Profit

611,066

647,479

Profit attributable to owners of parent

611,066

647,479