Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results

for the First Quarter of the Fiscal Year Ending March 31, 2023

[Japanese GAAP]

July 28, 2022

Company name: INFOCOM CORPORATION

Stock exchange listing: Tokyo

Code number: 4348

URL: https://www.infocom.co.jp/

Representative: Norihiro Takehara

President and CEO

Contact: Shinya Tanaka

Head of Corporate Communications Office

Phone: 03-6866-3160

Scheduled date of filing quarterly securities report: August 09, 2022

Scheduled date of commencing dividend payments: -

Availability of supplementary briefing material on quarterly financial results: Yes

Schedule of quarterly financial results briefing session: No

(Amounts of less than one million yen are rounded down)

1. Consolidated Financial Results for the Three Months Ended June 30, 2022 (April 01, 2022 to June 30, 2022)

(1) Consolidated Operating Results

(% indicates changes from the previous corresponding period.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Three months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

June 30, 2022

15,490

(2.4)

1,557

(27.8)

1,609

(26.5)

1,070

(29.3)

June 30, 2021

15,873

1.8

2,157

3.2

2,191

3.1

1,514

5.1

(Note) Comprehensive income:

Three months ended June 30, 2022:

Three months ended June 30, 2021:

¥

551 million

[

(53.9) %]

¥

1,196 million

[

(40.4) %]

Basic earnings

Diluted earnings per

per share

share

Three months ended

Yen

Yen

June 30, 2022

19.54

19.46

June 30, 2021

27.65

27.52

(2) Consolidated Financial Position

Total assets

Net assets

Capital adequacy ratio

As of

Million yen

Million yen

%

June 30, 2022

56,333

43,104

75.8

March 31, 2022

57,531

44,579

76.8

(Reference) Equity: As of

June 30, 2022:

¥

42,717 million

As of

March 31, 2022:

¥

44,185 million

―1―

2. Dividends

Annual dividends

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

13.00

-

37.00

50.00

Fiscal year ending March 31, 2023

-

Fiscal year ending March 31, 2023

18.00

-

27.00

45.00

(Forecast)

(Note) Revision to the forecast for dividends announced most recently:

No

(Note) Breakdown of the 1st quarter dividend for the fiscal year ending March 31, 2023 :

Commemorative dividend

-

yen

Special dividend

-

yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

Profit attributable

Basic earnings

Net sales

Operating profit

Ordinary profit

to owners of

per share

parent

Six months ended

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

33,000

1.7

4,000

(20.0)

4,000

(20.9)

2,700

(21.6)

49.29

September 30, 2022

Full year

70,000

8.4

10,500

4.0

10,500

3.0

7,000

1.3

127.80

(Note) Revision to the financial results forecast announced most recently:

No

* Notes:

(1) Changes in significant subsidiaries during the three months ended June 30, 2022

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

No

New

-

(Company name:

)

Exclusion:

-

(Company name:

)

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

No

  1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No
  3. Total number of issued shares (common shares)
    1. Total number of issued shares at the end of the period (including treasury shares):

June 30, 2022:

57,600,000

shares

March 31, 2022:

57,600,000

shares

2) Total number of treasury shares at the end of the period:

June 30, 2022:

2,816,792

shares

March 31, 2022:

2,819,167

shares

3) Average number of shares during the period:

Three months ended June 30, 2022:

54,781,714

shares

Three months ended June 30, 2021:

54,771,769

shares

―2―

Quarterly Consolidated Financial Statements

Quarterly Consolidated Balance Sheets

(Million yen)

As of March 31,2022

As of June 30,2022

Assets

Current assets

Cash and deposits

31,700

32,623

Notes and accounts receivable - trade, and contract

10,914

9,127

assets

Inventories

86

170

Other

2,472

2,733

Allowance for doubtful accounts

(7)

(3)

Total current assets

45,166

44,651

Non-current assets

Property, plant and equipment

1,259

1,205

Intangible assets

Software

1,894

1,983

Goodwill

1,169

1,128

Other

34

33

Total intangible assets

3,097

3,146

Investments and other assets

Investments and other assets

8,008

7,332

Allowance for doubtful accounts

(1)

(1)

Total investments and other assets

8,007

7,331

Total non-current assets

12,364

11,682

Total assets

57,531

56,333

Liabilities

Current liabilities

Accounts payable - trade

4,377

4,558

Income taxes payable

1,298

418

Provision for bonuses

1,336

538

Other provisions

23

20

Other

5,396

7,177

Total current liabilities

12,432

12,713

Non-current liabilities

Retirement benefit liability

48

57

Other provisions

52

52

Other

418

405

Total non-current liabilities

519

516

Total liabilities

12,951

13,229

Net assets

Shareholders' equity

Share capital

1,590

1,590

Capital surplus

1,480

1,482

Retained earnings

41,402

40,445

Treasury shares

(792)

(792)

Total shareholders' equity

43,680

42,725

Accumulated other comprehensive income

Valuation difference on available-for-sale

512

(108)

securities

Foreign currency translation adjustment

(6)

99

―3―

(Million yen)

As of March 31,2022

As of June 30,2022

Total accumulated other comprehensive income

505

(8)

Share acquisition rights

220

218

Non-controlling interests

173

168

Total net assets

44,579

43,104

Total liabilities and net assets

57,531

56,333

―4―

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statements of Income (For the three months)

(Million yen)

For the three months

For the three months

ended June 30,2021

ended June 30,2022

Net sales

15,873

15,490

Cost of sales

8,344

8,326

Gross profit

7,528

7,164

Selling, general and administrative expenses

5,371

5,606

Operating profit

2,157

1,557

Non-operating income

Interest and dividend income

Share of profit of entities accounted for using equity method

Partnership gain

Other

Total non-operating income

Non-operating expenses

36

39

2

-

-

13

0

3

39

55

Interest expenses

0

0

Foreign exchange losses

0

3

Partnership loss

1

-

Loss on extinguishment share-based compensation

3

-

expenses

Other

0

0

Total non-operating expenses

5

3

Ordinary profit

2,191

1,609

Extraordinary income

Gain on sale of non-current assets

0

-

Total extraordinary income

0

-

Extraordinary losses

Loss on retirement of non-current assets

-

0

Total extraordinary losses

-

0

Profit before income taxes

2,191

1,609

Income taxes

702

542

Profit

1,488

1,066

Loss attributable to non-controlling interests

(25)

(3)

Profit attributable to owners of parent

1,514

1,070

―5―

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Infocom Corporation published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 01:16:10 UTC.