(Percentage indicate year-on-yearchanges)

Disclaimer: This document is a translation of the original version in Japanese. In the case that there is any discrepancy between the original version and this document, the original Japanese version is assumed to be correct.

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2022 [Japan GAAP]

May 13, 2022

Company name

geechs inc.

Listing Market

TSE Prime Market

Stock Code

7060

URL

https://geechs.com

Representative

President & CEO

Naruhito Sonehara

Contact

Director CFO

Daisuke Sakuma

(TEL) +8150-1741-6928

Scheduled date

of Ordinary General Meeting of Shareholders

: June 24, 2022

Scheduled date

of commencement of dividend payment

: June 10, 2022

Scheduled date

of filing of securities report

: June 24, 2022

Preparation of

supplementary materials for financial results

: Yes

Holding of financial results briefing

: Yes(For Institutional Investors

and Analysts)

(Figures are rounded down to the nearest million yen)

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

(1) Consolidated Results of Operations

Net Income

Net Sales

Operating Income

Ordinary Income

attributable to

Owners of Parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Fiscal Year

Ended March 31,

5,388

57.2

1,133

53.5

1,135

59.1

705

54.1

2022

Fiscal Year

Ended March 31,

3,427

△3.3

738

7.9

713

5.7

457

17.2

2021

(Note) Comprehensive income

Fiscal Year Ended March 31, 2022

703 Millions of yen

53.7

%

Fiscal Year Ended March 31, 2021

458 Millions of yen

17.1

%

Diluted

Shareholders'

Total Assets

Net Sales

Earnings per

Earnings

Equity

Ordinary Margin

Operating Margin

Share

Per Share

Net Income Margin

Yen

Yen

%

%

%

Fiscal Year

Ended March 31,

67.18

66.17

17.0

19.3

21.0

2022

Fiscal Year

Ended March 31,

43.83

43.06

12.7

11.0

21.5

2021

(Reference) Equity in net income of affiliates

Fiscal Year Ended March 31, 2022

― Millions of yen

Fiscal Year Ended March 31, 2021

― Millions of yen

(2) Consolidated Financial Position

Total Assets

Net Assets

Equity Ratio

Net Assets Per Share

Millions of yen

Millions of yen

%

Yen

Fiscal Year

Ended March 31,

5,874

4,470

75.7

422.26

2022

Fiscal Year

Ended March 31,

6,486

3,830

59.1

365.74

2021

(Reference) Shareholders' equity

Fiscal Year Ended March 31, 2022

4,444

Millions of yen

Fiscal Year Ended March 31, 2021

3,830

Millions of yen

(3) Consolidated Cash Flows

Cash and cash

Cash Flows

Cash Flows

Cash Flows

equivalents

From operating

From investing

From financing

Balance at end of

activities

activities

activities

year

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Fiscal Year

Ended March 31,

369

△68

△91

3,357

2022

Fiscal Year

Ended March 31,

661

△48

△22

3,149

2021

2. Dividends

Dividend per share

Dividend

Net assets

Total

Payout

Dividend

1st Quarter-

2nd Quarter-

3rd Quarter-

dividends

Ratio

Ratio

Year-End

Total

(Total)

(Consolidat

(Consolidat

End

End

End

ed)

ed)

Yen

Yen

Yen

Yen

Yen

Millions of

%

%

yen

Fiscal Year

Ended March

―

0.00

―

10.00

10.00

104

22.8

2.7

31, 2021

Fiscal Year

Ended March

―

0.00

―

10.00

10.00

105

14.9

2.4

31, 2022

Fiscal Year Ending

March 31, 2023

―

0.00

―

10.00

10.00

21.9

(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Percentage indicate year-on-year changes)

Net Income

Earnings per

Net Sales

Operating Income

Ordinary Income

attributable to

Share

Owners of Parent

Millions

Millions

Millions

Millions

of yen

%

of yen

%

of yen

%

of yen

%

Yen

Full year

5,800

7.6

800

△29.4

800

△29.6

480

△31.9

45.61

(Percentages indicate year-on-yearchanges)

* Notes

  1. Changes in Significant Subsidiaries during the Period (Changes in Specified : None Subsidiaries Resulting in Changes in the Scope of Consolidation)

Newly added

―

Exclusion

―

  1. Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Errors ① Changes in accounting policies due to revisions to accounting standards, etc. : Yes

②

Changes in accounting policies due to other reasons

:

None

③

Changes in accounting estimates

:

None

④

Restatement of prior period financial statements after error corrections

:

None

(3) Number of shares outstanding (common stock)

① Number of shares outstanding at the

Fiscal Year

Fiscal Year

end of the period (including treasury

Ended March

10,564,840

shares

Ended March

10,513,440 shares

stock)

31, 2022

31, 2021

② Number of treasury shares at the end

Fiscal Year

Fiscal Year

Ended March

40,151

shares

Ended March

40,104 shares

of the period

31, 2022

31, 2021

③ Average number of shares during the

Fiscal Year

Fiscal Year

Ended March

10,497,369

shares

Ended March

10,443,408 shares

period

31, 2022

31, 2021

(Reference) Summary of Non-Consolidated Results

1. Non-consolidated Results for the Fiscal Year Ended March 31, 2022 (April 1, 2021 to March 31, 2022)

(1) Non-Consolidated Results of Operations

Net Sales

Operating Income

Ordinary Income

Net Income

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Fiscal Year

Ended March

2,118

23.9

545

18.4

577

23.1

364

11.8

31, 2022

Fiscal Year

Ended March

1,710

11.4

460

35.8

468

33.0

325

56.7

31, 2021

Diluted

Earnings per Share

Earnings Per Share

Yen

Yen

Fiscal Year

Ended March

34.68

34.16

31, 2022

Fiscal Year

Ended March

31.18

30.63

31, 2021

(2) Non-Consolidated Financial Position

Total Assets

Net Assets

Equity Ratio

Net Assets Per Share

Millions of yen

Millions of yen

%

Yen

Fiscal Year

Ended March

4,854

3,604

73.7

339.92

31, 2022

Fiscal Year

Ended March

4,489

3,303

73.6

315.44

31, 2021

(Reference) Shareholders' equity

Fiscal Year Ended March 31, 2022

3,577 Millions of yen

Fiscal Year Ended March 31, 2021

3,303 Millions of yen

※ This financial results report is exempted from audit by certified public accountants or auditing firms.

※ Explanation regarding the appropriate use of financial results forecasts and other special notes

The forward-looking statements in this document are based on information currently available to us and on certain assumptions that we believe to be reasonable. Actual results may differ materially from those in this document due to a variety of factors.

  • Contents of the attached materials

1. Overview of Business Results, etc. .............................................................

2

(1)

Overview of Consolidated Results of Operation ...............................................

2

(2)

Overview of the Financial Position for the Current Fiscal Year ..............................

3

(3)

Overview of Cash Flows for the Period .......................................................

4

(4)

Future Outlook ..............................................................................

4

(5)

Significant events, etc. related to the premise of a going concern ..........................

5

2. Basic Approach to Selection of Accounting Standards ............................................

5

3. Consolidated Financial Statements and Major Notes ..............................................

6

(1)

Consolidated Balance Sheet ..................................................................

6

(2)

Consolidated Statement of Income and Consolidated Statement of Comprehensive Income .........

8

(3)

Consolidated Statement of Changes in Net Assets ............................................

10

(4)

Consolidated Statement of Cash Flows .......................................................

12

(5)

Notes to Consolidated Financial Statements .................................................

14

(Note on Going Concern Assumption) ...........................................................

14

(Changes in Accounting Policies) .............................................................

14

(Segment Information, etc.) ..................................................................

15

(Per Share Information) ......................................................................

17

(Significant Subsequent Events) ..............................................................

17

1

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Disclaimer

Geechs Inc. published this content on 07 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2022 07:51:02 UTC.