JustSystems : Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024

August 4, 2023

Company name:

JustSystems Corporation

Stock exchange listing:

Tokyo

Stock code:

4686

URL https://www.justsystems.com/en/

Representative:

Kyotaro Sekinada, President & CEO

Inquiries:

Hiroshi Shigeta, Division Director of the Corporate Planning Div.

TEL:

+81-3-5324-7900

Scheduled date to file Quarterly Securities Report:

August 7, 2023

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

No

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 June 30, 2023 (from April 1, 2023 to June 30, 2023)

(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 June 30, 2023

10,135

(2.4)

4,454

(11.7)

4,631

(10.1)

3,074

(14.8)

Three months ended June 30, 2022

10,379

1.3

5,043

6.3

5,152

8.1

3,609

8.6

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2023

47.88

-

Three months ended June 30, 2022

56.21

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2023

104,469

86,027

82.3

As of March 31, 2023

99,458

83,677

84.1

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2023

-

8.00

-

10.00

18.00

Year ending March 31, 2024

-

Year ending March 31, 2024 (Forecast)

10.00

-

10.00

20.00

3. Notes

(1)

Changes in significant subsidiaries during the three months ended June 30, 2023

No

(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

(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:

No

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 June 30, 2023

64,224,800 shares

As of March 31, 2023

64,224,800 shares

Number of treasury shares at the end of the period

As of June 30, 2023

882 shares

As of March 31, 2023

882 shares

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

Three months ended June 30, 2023

64,223,918 shares

Three months ended June 30, 2022

64,223,927 shares

(Millions of yen)

As of March 31, 2023

As of June 30, 2023

Assets

Current assets

Cash and deposits

73,137

81,069

Notes and accounts receivable - trade

2,720

2,365

Securities

7,000

5,000

Merchandise and finished goods

722

759

Raw materials and supplies

1,356

1,465

Prepaid expenses

2,334

2,228

Other

1,259

1,054

Allowance for doubtful accounts

(37)

(34)

Total current assets

88,491

93,908

Non-current assets

Property, plant and equipment

Buildings and structures, net

2,267

2,244

Land

3,569

3,569

Other, net

74

69

Total property, plant and equipment

5,911

5,883

Intangible assets

Software

3,321

3,596

Software in progress

257

124

Other

0

0

Total intangible assets

3,579

3,720

Investments and other assets

Investment securities

28

28

Other

1,638

1,117

Allowance for doubtful accounts

(190)

(190)

Total investments and other assets

1,475

956

Total non-current assets

10,966

10,560

Total assets

99,458

104,469

(Millions of yen)

As of March 31, 2023

As of June 30, 2023

Liabilities

Current liabilities

Accounts payable - trade

819

477

Accounts payable - other

1,623

1,321

Income taxes payable

3,605

1,501

Unearned revenue

7,814

13,226

Provision for bonuses

696

685

Other

1,078

1,073

Total current liabilities

15,637

18,285

Non-current liabilities

Retirement benefit liability

123

135

Other

20

20

Total non-current liabilities

143

155

Total liabilities

15,780

18,441

Net assets

Shareholders' equity

Share capital

10,146

10,146

Capital surplus

12,293

12,293

Retained earnings

61,362

63,723

Treasury shares

(2)

(2)

Total shareholders' equity

83,801

86,161

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

7

7

Foreign currency translation adjustment

(124)

(135)

Remeasurements of defined benefit plans

(6)

(6)

Total accumulated other comprehensive income

(123)

(133)

Total net assets

83,677

86,027

Total liabilities and net assets

99,458

104,469

(Millions of yen)

Three months ended

Three months ended

June 30, 2022

June 30, 2023

Net sales

10,379

10,135

Cost of sales

2,202

2,101

Gross profit

8,177

8,034

Selling, general and administrative expenses

3,134

3,579

Operating profit

5,043

4,454

Non-operating income

Interest income

8

22

Dividend income

0

0

Foreign exchange gains

90

142

Rental income

8

8

Other

3

4

Total non-operating income

111

178

Non-operating expenses

Rental expenses

0

0

Other

1

1

Total non-operating expenses

2

1

Ordinary profit

5,152

4,631

Profit before income taxes

5,152

4,631

Income taxes

1,542

1,556

Profit

3,609

3,074

Profit attributable to owners of parent

3,609

3,074